Why Crypto is Selling Off Today (TRACK THIS).

hey everyone me kevin here why is crypto

crashing today i have a suspicion as to

what in my opinion is the biggest reason

as to why we're seeing crypto crashing

today

now i'm gonna show you this because i've

started talking about this idea back in

january and it was very very true in

april and may

and i expect this is why we're seeing

crypto selling off specifically today as

well

look i know there's china fud i know

they're you know talk about the crypto

winter

the bitcoin death cross we've talked

about so many of these things before but

i specifically in this video just want

to give you one reason

and it's something that's really cool

because you could you could

keep an eye on this you could literally

line up the dates on the calendar for

this

in my opinion it's kind of like a cheat

sheet in fact take a look at this okay

this here this is my tick tock uh right

here i'm just gonna quickly play this

little clip here

and uh and watch this all right here we

go april 13th to 15th this is when i

want to sell bitcoin here's why

there's going to be a ton of click bait

stuff going oh my god look what

inflation's doing

so i've got april 13th this is when i

want to sell bitcoin

in case i don't sell bitcoin there i'll

make it for the 12th of

may and then we do this sort of gangster

kind of music because it's like april

13th

peak crypto pricing uh may 12th was

a second a peak on sort of the downfall

of crypto pricing right

that was in a uh course member live

stream which oops let me get that right

and i'm not trying to turn this into a

pitch on the course uh even though it

was of course member live stream

uh you can get 40 off in the link down

below though but no

the the thing is tomorrow well those

particular dates were based on

not entirely not solely based on that

there were a lot of things that i was

seeing

back in january as to what these two

dates could signal

but the big reason i picked those

specific two

dates was because that's when cpi data

was getting released

and about 40 percent of people in

surveys say they invest in

cryptocurrency

as an inflation hedge we were expecting

the worst inflation data to come out

on uh on the april release and on the

may release

and if inflation indicated that we

weren't seeing hyperinflation

i believe that we might potentially see

cryptocurrencies

at least rotate down a little bit now

why is that unique to what's happening

right now and look don't get me wrong

okay

i i know many of you especially those of

you watching a crypto video

are like kevin let's be real okay the

cpi data is rigged

i get it i'm not i'm not here to try to

to try to shove this government and crap

data down your throat okay

all i'm saying is line up the charts

folks line up the charts to those two

dates

you can't make it up it's literally when

cpi

data was released is when we had peak on

those particular days and

crypto prices fell but wait a minute

kevin the next cpi data

doesn't come out until tomorrow july

13th yes

that's because markets adapt in my

opinion

markets adapt they're smart or at least

they try to be right they try to be

efficient

if we had a peak of crypto pricing

on the april release and then again at

the may release

we're kind of like sideways there in the

june release but we've got another

release coming up here in june

in july the market might assume okay

well we'll either go down

or we'll trade sideways right in my

opinion

the market right now with why crypto

prices are falling

is pricing in the potential of that fall

sometime tomorrow and look at just the

30 minute charts right now that we're

seeing that's why we're seeing the sort

of intraday sell-off

in my opinion again i could be wrong

this is just my estimate we're down six

percent on ethereum

dogecoin following a similar pattern

cardano down four percent following a

very similar pattern

and if i could get bitcoin over here

somewhere here it is

uh oh i lost it again uh well anyway we

can thank weeble for that

um which by the way you could get two

free stocks with if you go to

mattkevin.com

weeble deposit 100 but anyway we also

see that right here

down about 3.84 now we've been bobbing

around some of these levels before

but this again it's just my opinion why

are we seeing this now because the

market is realizing oh

got that cpi data release again tomorrow

so no guarantees

it's just an observation it's a

connection to make

personally i believe that's that's going

to be a temporary

impact uh oops it's a little bit of a

mess here hold on let's go back to

chart here see the last release was on 6

10.

let's go to 6 10 here on

weeble let's see i'm pretty sure we were

just sideways after 6

10. yeah 6 10's right here

we did have a little bit of a temporary

drop this is sort of the most recent

example

let's go to the hour chart and go over

to 610 and we can see kind of what we

have here in weeble

6 10. here we go 6

10. this is on the hour chart so data

comes out right around here

look at that you sort of had a red

candle stick there you had a little bit

of depression for a few hours

and then we just trade it sideways under

that 37.7 resistance level

but we did escape that level too we

briefly popped up to 40 thereafter

about five days later but right now

we're we're well under those levels all

right

so just something to consider those

particular dates for some reason

have been catalysts uh one thing that i

did notice this morning

on the live stream is that it does seem

like we are getting

more and more consolidated with our

crypto pricing

in terms of volatility so this is

obviously a lot of volatility right here

all of this right if we just look at

sort of the last three months here

look at this we've got you know a good

chunk what is this maybe two inches on

the screen

right here then we go to about an inch

and a half then we go to about an

inch now we're at about a centimeter

right our volatility is condensing a

little bit

at the same time volume has been you

know it's been relatively stable with a

slight decline

which is good that with a slight decline

of volume we're seeing prices stabilized

it's very typical for momentum style

investments

to stabilize or consolidate with lower

volume

and it can often set them up for a nice

break out to the upside

we'll see though the cpi releases it's

just

weird how crypto reacts with them again

believe it or not with the cpi

line up the dates check especially the

april date and the mate

date what the 13th and 12th check those

dates it's insane

it's insane folks those were peak days

so anyway just my quick thoughts on

crypto and

uh it's relation to inflation whether or

not we believe they're connected

the charts show they're connected and i

think we're seeing the

sort of pre-planning of that

today for tomorrow which i'll be

covering cpi live tomorrow

at 5 30 a.m california time so stay

tuned for the live stream

alright folks thanks for watching we'll

see in the next one

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