BITCOIN WARNING SIGNAL (Get Ready)!! Bitcoin News Today, Solana & Ethereum Price Prediction!
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Timestamps:
Important Bitcoin Analysis! 0:00
Ethereum Technical Analysis! 11:07
Solana Technical Analysis! 14:39
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– Crypto World –
Welcome back to the crypto ball Channel everyone my name is Josh and right now Bitcoin is running into the most significant area of resistance while the price is just about hitting the technical price target for this breakout and is also flashing a new warning signal in the short term so I’ll be
Talking about all of that in just a moment alongside ethereum which is now flashing a new warning signal and salana which is also breaking out from a new bullish pattern so I’ll be talking about all of that and so much more later in the video so definitely watch to the end
First of all starting off on the weekly Bitcoin chart and right now as I mentioned recently on the channel the price of Bitcoin is running into the golden pocket area of resistance which is sitting in between around 48,000 to 50,000 and so far we have already seen two significant rejections from this
Exact area on the chart first of all all the way back here at the end of March 2022 and also roughly around 1 month ago we saw another major rejection from in between 48 to 50K as I also talked about back then on the Channel and so
Basically what this means is just in the short term we could potentially see the price of Bitcoin struggle around 48 to 50K as it is acting as strong resistance but once we eventually see a confirmed breakout above 50,000 with weekly candle closes above $50,000 then in that case
We could potentially see a quick move up towards the all-time high because above 50,000 we should only have a little bit more resistance at around 57 to 58,000 but that Fibonacci level is not as significant as the golden pocket but obviously as of right now we have not
Yet confirmed a breakout above 50,000 which means once again at least in the short term while the price is still running into that area of resistance we could potentially see the price struggle around that price range but if we’re taking a look at the 3-day Bitcoin chart
As I’ve been talking about almost every day over the last one week or so we have this major signal pointing towards a significant volatile move which obviously has been playing out as expected over the last few days and typically based on previous examples here in the chart this volatile move
Usually plays out over around 1 to 2 weeks or so and so far it’s been just under one week from this volatile move now playing out and so this volatile move could potentially continue to play out over the next one week but that could also depend on factors like a lot
Of inflows or outflows from the spot Bitcoin ETFs obviously if we have a lot more inflows from the spot Bitcoin ETFs that can really help the price of Bitcoin but over the weekends of course the spot Bitcoin ETFs are not trading at all which means no buying and no selling
From the spot Bitcoin ETF because the US Stock Market is closed on weekends but with that being said we just got in some new numbers from Black Rock telling us how much Bitcoin they actually bought just on Friday when the Bitcoin ETS were last trading because as of Friday Black
Rock is currently holding around 87779 Bitcoin worth over $4.1 billion us in their spot Bitcoin ETF and if we’re taking a look at their last numbers which were their Thursday numbers this was sitting at around 82,500 Bitcoin approximately worth around $ 3.71 billion us and so from that we can work
Out that just on Friday Black Rock alone bought around 5,264 Bitcoin for their spot Bitcoin ETF just on Friday which is around a quarter of a billion dollars and so obviously if Black Rock keeps up that buying pressure if there’s that much demand continuing moving forward for Black Rock Spot
Bitcoin ETF that is a big deal for Bitcoin because that means black rocket buying a lot more Bitcoin off the spot Market to back their ETF but once again on weekends the ETFs are not trading so we have to wait for Monday to potentially see the next major move when
The ETFs begin trading again but as I’ve also mentioned recently on the channel if we’re looking at these previous volatile moves we usually see around a 30% move if we’re looking at this first example or around a 20 to 30% move if we’re looking at the third example or
This second example right here was around a 20% move to the downside and so once again as I mentioned recently on the channel we could end up seeing around a 20 to 30% move to the upside in the price of Bitcoin from where that volatile move really started and so that
Would put the price of Bitcoin in between around 51,000 to 55,000 approximately and so of course that would be very interesting if we do end up seeing that continue to play out over the next 1 to two weeks or so because that could potentially mean a breakout
Above This golden pocket but we still have to wait and see to confirm that but anyway if we’re taking a look at the daily Bitcoin chart of course just recently we have now confirmed a new daily candle close above these previous daily candle closes setting a new higher
High in the daily candle closes which is good news for Bitcoin that is bullish price structure anytime we’re forming higher lows or higher highs and of course that’s another invalidation signal of the previous bearish Divergence because we have higher highs in the price in the candle closes at
Higher highs in the RSI which means no bearish Divergence at all but obviously if you’ve been watching my videos since the price was all the way back down here at around 43,000 I’ve been talking about how this bearish Divergence is basically already invalidated because with we’ve
Already seen a breakout here in the RSI above this important descending line of resistance and if we’re looking at the momentum here in the daily Bitcoin macd of course as of right now this is still showing a lot of bullish momentum as I’ve been talking about basically every
Day over the last couple of weeks and so as of right now on the daily Bitcoin chart things are still looking more bullish than bearish and if we’re taking a look at the dxy as I’ve also mentioned recently on the channel of course this is still continuing that short-term dip
To the downside that I’ve talked about over the last one week or so and so of course if this continues that move to the downside in the dxy that would be a continued bullish signal for the price of Bitcoin but as always it is important that we pay attention to multiple
Different patterns and indicators rather than rely everything on just one single indicator and so basically we’re trying to look at multiple bullish and bearish indicators and see if things are looking more bullish or more bearish so if there’s more bullish indicators right now versus bearish indicators for
Example and overall on the larger time frames especially once again things are currently looking more bullish than bearish especially in terms of the momentum and of course this has also been due to the fact that the price has been breaking out from this bullish inverse Head and Shoulders pattern as
I’ve been talking about basically every single day since all the way back down here at around 42 to 43,000 and so once again as I’ve been saying on the channel since all the way back down here we have this bullish price Target in play which is sitting at around
48.8k and at least as I recorded in this video the price of Bitcoin has hit around 48.6 obviously extremely close to this bullish price Target and so what this actually means for the price of Bitcoin is personally in my situation with entering a breakout trade right here a long position personally I’d be
Taking a lot of profit off the table from that short-term leverage trade right around this price Target and in fact just before the price Target and so essentially right now I’ll be scaling out of that long position but I would keep some of that position remaining
Open in case we just continue pumping to the upside and of course as always as the trade moves further into profits personally I move my stop loss further into profits as well so that basically secures profits even in the worst case scenario and so essentially if you missed this trade right here obviously
We’ve pretty much already hit the technical price Target which basically means this specific trade right here is essentially already over and so basically if I was looking to take a new trade personally right now I would not be looking to trade Bitcoin because there simply isn’t a new trading
Opportunity on bitcoin right now because we’ve only just completed this trade right here this technical pattern but as I talked about yesterday there’s potentially a new opportunity which I’ll talk about again later in the video and just before talking about that new trading opportunity obviously it’s worth
Setting up on an exchange ready to go in order to take those trades if you want to and personally I take those trades over on buybits so I’ll make sure to leave a link to buybit in the description down below and in the pinned comments and if you use that link down
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Bitflex which is another crypto exchange similar to bybit but you don’t need kyc for bitflex and also right now bitflex is running an exclusive Apple Watch series 9 giveaway if you click the link down below this video and head over to bitflex because that link Down Below in
The description and in the pinned comment will take you to this page right here where we can read up about this giveaway and in order to enter this giveaway all you need to do is deposit $100 worth of crypto or more and make one trade on the derivatives Market over
At bitflex in order to enter this giveaway over at bitflex and once again only those of you who use the link down below this video can actually enter this giveaway and so if you’re trading crypto anyway or if you’re preparing to take the next trading opportunity you might
As well get set up ready to go on one of those exchanges using those links down below this video If you want to get those extra bonuses or enter this giveaway but anyway now that the price of Bitcoin has basically already hit this technical price Target we’ve already gotten very close to the
Technical price Target if we’re zooming into the shorter term looking at the 4-Hour Bitcoin chart looking at important support and resistance and a new signal flashing right now first of all we have just seen a further Bounce from this level of support which is sitting at around 46.8k to 47k as I
Talked about recently on the channel over the last 2 days and we also have some more support down towards around 45,000 to 45.4k and as for short-term resistance we also have some short-term resistance at around 49,000 but what we are also seeing FL right now on the 4-Hour
Bitcoin chart is of course a new potential bearish Divergence with higher highs confirmed in the price in the candle closes and lower highs forming here in the 4-Hour Bitcoin RSI and so what this basically means is just in the immediate short term as in potentially over the next couple of days we could
End up seeing a bit of a break from all of this crazy bullish price action and instead we could start cooling off in the short term either with a sideways consolidation or possibly a slight pullback but as I said earlier in the video depending on inflows and outflows
From the spot Bitcoin ETFs of course if we see another major inflow day on Monday of course that could sense the price a lot higher despite this short-term bearish Divergence and so once again I would not necessarily rely everything on just one single signal that we’re seeing right now on a smaller
Time frame but once again at least for the rest of this weekend we’re most likely going to see this bearish Divergence play out in the form of either sideways price action or some slight bearish price action once again potentially just for the rest of this weekend and if we’re taking a quick look
At the Bitcoin liquidation heat map we can still see a decent amount of liquidity sitting in between around 48.8k going up towards around 49k approximately and so essentially that area of liquidity is currently attracting the price to the upside towards that area and as for liquidity to the downside we do have some
Liquidity at around 46.6k to 46.7k and below that we have some more liquidity at around 44.2 to 44.4k okay but once again between the current price and that lower area of liquidity there are some short-term support levels that we need to pay attention to but anyway getting into the ethereum part of this
Video this is on the daily eth to US dollar chart and right now the daily ethereum RSI is getting extremely close to breaking out above this important descending line of resistance which will officially invalidate the previous bearish Divergence but like I’ve been saying anyway over the last one week or
So of course we’re already seeing a lot of bullish momentum now show up here in the daily ethereum macd and so once again as I’ve been saying every day since around one week ago I would be expecting some bullish price action in the short term as the most likely
Scenario and that’s especially been the case due to the fact that we’ve seen this bullish breakout from this symmetrical triangle pattern which as I’ve been saying since all the way back down here at 2.3k that’s been setting up a bullish price target for the price sitting at around
2580 and just like Bitcoin getting very close to that bullish price Target the price of eth is also getting very close to this bullish price Target because so far from the current local high in the price of eth to this bullish price Target that’s roughly around a 1 and a
Half% move to the upside so we’ve only gotten within 1 and a half% to this price Target and by the way since the breakout we’ve moved around nearly 10% to the upside and so obviously if you followed me taking this breakout long position anywhere near this breakout if
You enter this trade obviously right now you’re doing very well so far but personally in my short-term leveraged long position just this breakout long position right here I have taken a little bit more profits off the table due to this bearish Divergence showing up here on the 6-hour ethereum chart
Because obviously we have higher highs confirmed in the price in the candle closes while the RSI is forming lower highs here in the 6-hour ethereum RSI and now technically speaking this short-term bearish Divergence on the 6h hour time frame is not yet confirmed because we still need to at least
Confirm this 6-hour candle close in the red because just for example if the price actually turns this candle into a green candle that could create a new higher high in the RSI and of course if we have higher highs in the price and higher highs in the RSI there’s no
Bearish Divergence at all and so that’s why I’ve just taken a small amount of profits off the table for this specific leverag long position right here and obviously I still have the remainder of that trade open in case we continue higher especially towards this price Target and obviously with this trade
Already well and truly in profits I do have my stop loss sitting in profits so even in the worst case scenario I’ve already taken some profits off the table and if we crash to the downside right now that will just trigger my stop loss and exit me out of the trade
Automatically in profits and once again if you want to take these trades just like myself then make sure to check out those links down below this video either buybit or bit flex to get set up on one of these exchanges if you want to take these trades and get those extra bonuses
But anyway taking a quick look at The 8 Hour e to US dollar chart and over the last one day we’ve now seen a new higher high a breakout Above This short-term level of resistance which was sitting at around 2490 to 2.5k and so right now in the immediate
Short term that could potentially act as new support in case we retrace here we could potentially Bounce from around 2490 to 2.5k but in a more bearish scenario if we break back below 2490 then in that case we also have more supports in this price range in between 2390 to around
2430 and as for the next level of resistance to the upside that is sitting at around 2580 to 2590 based on this previous High also a Fibonacci level sitting at that level and also this price Target at around 2580 and now if we’re taking a look at the price of
Salana on the 8 hour time frame we’re still seeing that bullish breakout above this important golden pocket area of resistance sitting in between around $15 to $17 approximately and as I mentioned recently on the channel not only are we breaking out above the important golden pocket area of resistance we’re also
Breaking out to activate this inverse Head and Shoulders pattern setting up a bullish price Target at around $133 and so from the point of the breakout from around $107 to that price Target that’s around a 25 to 26% move to the upside or from the current price as
I recording this video to that price Target that’s still around a 22 to 23% move to the upside and this price Target up here in this bullish pattern right here will only be invalidated if we see a confirmed break back below this Goen pocket so basically if we confirm it
Candle closes back below $15 that would invalidate this bullish price Target and so personally I use those points of invalidation as some ideas to place stop losses obviously placing a stop loss for example would make the most sense below a point of invalidation in this scenario but as always that is not personal
Financial advice that is just giving you some insight into my strategy my short-term trading strategy with these breakouts and as I actually shared in my last video I have already started to scale into a small long position right here on the price of salana as you can
Actually see on my buybit account and as of right now it’s still only a relatively small position and I do have some more buy orders just in case we actually see another retest of this golden pocket but even if we do not see that retest I’m still okay because once
Again I still have actually entered a small amount of that long position in case we just continue to the upside and once again personally I will be looking to close that trade either if we hit the price Target or if we invalidate the price Target by seeing a break back
Below $15 and so obviously in that scenario I would take a small loss which is the risk in this trade but the whole idea with this trade is that there’s less risk compared to the potential reward obviously the potential reward from the current price to the price
Target is a larger move compared to the current price at the point of invalidation but once again none of that is personal financial advice because I’m not a personal financial adviser and I don’t know your personal financial situation I’m just letting you know my personal trades and what I’m doing with
My own money and as for other levels of resistance we should also find some resistance at around $133 to $114 and more resistance at around $125 and if you want to know how you can take these trades in the price of any crypto whether we’re going to the upside
To the downside or simply chopping around sideways you can profit from all of that price action by watching these videos popping up right here on your screen the video in the top left shows you he can open and close long positions and short positions to make money if the
Price is bullish or bearish and the video in the bottom left shows you how you can easily profit from choppy sideways price action but anyway that is everything that I have to say for today I really hope you enjoyed and I’ll see you all in the next video
12 Comments
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Okk
Already warning lol?
Short and sweet, but packed with emotion. This video speaks volumes without saying much. Brilliant storytelling!💞
Josh what is your predictions for a year time frame? I saw someome said to short btc since its gonna drop soon.
I'm optimistic $TRU $BONK $AXS $MYRO $WIF $BTC 💚
your great!
i like ur analysis. bullish or bearish its up to us to go figure out. i see everyone blasting short on btc and everyone copying them
Nice!
Thanks for update Josh! Looks like it's probably going to correct from here
❤❤❤❤❤❤
Josh I would like to ask how are you trading leveraged positions since it is not allowed in Australia?
Thank you 🙏