 but recently over the last several months, we've had a stronger correlation between Bitcoin and the S&P, between more institutions dipping into crypto and Bitcoin as a whole. But nonetheless, it's to say that we were anticipating, should Bitcoin fail to get back over 40,000 and hold above it and run from there, for it to drop down as low as 18,17,000. Now, you can go back on this full video on our YouTube channel, you could type in Cybertrading University Bitcoin and it'll be one of the featured videos right there. You could always like and subscribe right on our YouTube channel, just to be as most up to date as possible with what we're putting out on our YouTube channel. But let me bring up the S&P chart now, because obviously from Thursday into Friday of last week and then obviously into pre-market this morning, where the Dow at least was down over 600 points. I didn't get the exact number for the S&P heading into the open here, but markets were down big once again today. Now, I had shown this exact chart, probably about a month ago, it wasn't clipped out and posted on our YouTube channel though, so that's what we're looking to do right now. But dating back to 1974, 1975, the bottom there all the way to basically present day, this right here, A is a fifth channel between the two major dip points from 1974 and the 2008, 2009 recession to this peak that we had, dating back to the dot.com bubble, the peak of the dot.com bubble. So essentially what this creates is an extended Fibonacci channel. Now, this is really good for swing trading, really good for investing. I'm personally more indicator based when it comes to swing trading. Now I say that just right away because coming up later on this year, if not even this month, if not mistaken, Cybertrading University is gonna be beginning to launch a swing trading course. So for all of our members here, at least be on the lookout for that. But we're gonna be talking a lot about this, a lot about Fibonacci, a lot about different indicators. That's more of a me thing, more of a Josh Levitant thing than a Fausto Puglisi thing, right? You know, Fausto's not an indicator guy. But nonetheless, here's what I wanna show you with this Fibonacci channel. This is the pretty interesting part about this. Let's even just start back from 2010 onward from the bottom of the dip point here. So since it's pretty interesting, we ended up seeing a resistance hold here pretty nicely. Resistance here got flipped into support over time. We ended up seeing a gradual move up. This essentially is COVID. So we ended up seeing a major shake down at that point. It ended up going under and over this line here within the channel and squeezed back up. Now here is the discouraging part about this, if anything. And I got a couple of ads here probably in between. But here is the discouraging part about this exact Fib channel. I would have wanted to have seen a false breakout at some point over time here. Because at least the false breakout shows potential buying interest, shows interest above that price. Folks, we got zero interest here. I mean, it didn't even come close. So what happens? It certainly seems like the momentum ran out within the market at that point. So we ended up seeing the beginnings of a pullback over the last several months. This is a monthly chart. So we ended up seeing it come back down to the 61.8% retracement line right here. Now it's just over the last month and a half. We're obviously much lower from there at this point. And it only seems to be as if we're making a move down towards the 50% retracement line. So when was the last time the 50% was holding pretty nicely? Well, it was right back from here 2014, a major resistance point. Like I said, it got flipped into support a couple of points here. You can't really count COVID. You can't really count COVID here, folks. Obviously disasters happen and life happens where you happen to see major catastrophic moves that could affect the market. So that's what happened there. But just to say generally speaking, that 50% retracement line was holding pretty well from like 2010 onward. And I know this Fibonacci channel was built within kind of this range here. But even look what happens beforehand before around like the late 90s or late 80s, early 90s, that 50% retracement was holding pretty damn slick, wasn't it? Little food for thought. So if there's such a correlation between Bitcoin and the S&P, it was more now than ever. And perhaps there could be a decouple over time, but I'm not gonna wait for that. I think that there's strong correlation enough to where we can anticipate the dip point on Bitcoin to be based off the dip point on the S&P. So with that, that brings me to my next set of indicators here. You have the EMAs, the blue and the orange. Yeah, those are like Met colors. New York Met colors. I don't know if anyone's a baseball fan. New York, that's gross, disgusting. I'm a Yankee fan. Anyway, with that though, the blue, well, considering we're on a monthly chart, the blue represents a five-year moving average. Essentially, it's a 60-month moving average, 60-period moving average. And then the orange is double that. So think of the blue as a five-year moving average and the orange is a 10-year moving average. I find this to be really important because even dating back to like the 50s or 30s, I don't think there's been a singular point where these two have even crossed. So that speaks for itself. And then from that point otherwise, there's been several points where it's broken under these lines, of course. But with that said, that leads me to think that there could be a lot more room down on the S&P before we happen to see continuation on the way up. There's a bunch of folks that I've been following on Twitter for crypto and Bitcoin who are quite bullish over the last few months. And these are people who had great predictions and calls over the last two, three years. I would reference them to you. I would recommend them to you. Perhaps in our chat where I'll talk to you about them later, the files I have on Twitter. But they were wrong. Obviously, we saw continued weakness within Bitcoin and within the S&P as a whole year. So it would not shock me over the next several months. It could be the next six to eight months to wherever you happen to see the S&P pull back down towards that 60 months, that five-year moving average in blue. That would tie up pretty nicely with that 50% retracement line, wouldn't it? Now, they're pretty much there right now. So I would think of that as a major support level going forward, at least within the S&P, all right?