BITCOIN JUST FLIPPED (Target Confirmed)!!! Bitcoin News Today & Ethereum Price Prediction!

BITCOIN JUST FLIPPED (Target Confirmed)!!! Bitcoin News Today & Ethereum Price Prediction!

welcome back to the cryto channel
everyone my name is Josh and right now
do not be fooled by short-term bearish
price action because this massive
bullish reversal signal is still
flashing on the Bitcoin chart on the
larger time frames while the price just
hit this exact technical price Target in
the short term so I’ll be talking about
that in just a moment alongside ethereum
which is still potentially playing out
this pattern while salana is now
officially retesting a critical level on
the chart so I’ll be talking about all
of that and more later in the video so
definitely watch to the
end first of all starting off on the
daily Bitcoin chart and right now the
price of Bitcoin is still potentially
forming a massive bullish flag pattern
because obviously as you can see on this
chart the price of Bitcoin was heading
to the upside leading into this pattern
and over the last few weeks or so we’ve
been consolidating somewhat sideways
slightly to the downside and this has
been happening basically in a parallel
Channel which is pretty much a textbook
bullish flag pattern but this only
confirms and sets up the bullish price
Target if we actually see a confirmed
breakout Above This resistance level and
so for the Bulls out there in order to
flip much more bullish on The Daily time
frame and set up the next major leg to
the upside in the bull market we need to
confirm a breakout ideally above around
715,000 and ultimately we have to hold
Above This level of support which is
sitting at around 60 to 61,000
approximately in order to stay in this
range obviously if we start breaking
well below $60,000 with daily candle
closes below that level then this is no
longer a bullish flag pattern and in
that case we’ll likely head into a
larger correction potentially down
towards this next level of support
closer towards the lower 50k area but
obviously as of right now neither of
those scenarios are actually confirmed
because we have not yet confirmed the
break of either support or resistance so
for now on The Daily time frame at least
in the sum what shorter term here we’re
looking relatively neutral during a much
larger bullish trend on the larger time
frames and if we zooming out on the
daily Bitcoin chart and taking a look at
the dxy also known as the US dollar
Index as of right now and over the last
one week approximately this dxy has been
pulling back to the downside and now
obviously if we’re looking at the larger
Trend at play in the price of Bitcoin we
can clearly see once again the larger
trend is bullish we’re forming higher
lows and higher highs which is a bull
market on the larger time frames but
during the larger bullish Trend we see
short-term bullish moves and shortterm
bearish moves during the larger bullish
Trend and obviously over the last 1
month approximately we did indeed see a
bit of a correction from that all-time
high level in the price of Bitcoin down
towards just underneath $60,000 at the
lowest point but if we’re looking at the
dxy during that time period where we saw
the majority of that short-term bearish
price action the dxy was spiking
massively to the upside and if we’re
simply looking at the last couple of
times where the dxy was spiking to the
upside this also occurred during the
last decent pullbacks in the price of
Bitcoin and now obviously there’s other
times here and there where we see a
pullback in the dxy and we can
experience some short-term bearish price
action in the price of Bitcoin but when
we’re talking about the larger
Corrections in the price so I’m talking
about 15 or 20% pullbacks from high to
low or anything bigger than that in the
price of Bitcoin those Corrections
pretty much only happen they usually
only happen when the dxy is spiking to
the upside as we’ve seen time and time
again and on the other hand we usually
see the most bullish price action for
Bitcoin when the dxy is trending in the
bearish direction and so right now and
as I’ve been saying for the last one
week approximately with the dxy pulling
back to the downside especially if this
continues to lower levels in the dxy
basically this is a major bullish
reversal signal for Bitcoin at least in
the short term here so do not be fooled
by little bits of short-term bearish
price action here and there because
obviously that’s very normal to see but
when we’re talking about the larger
moves in the parasa Bitcoin the moves
that are more visible on the larger time
frames like this daily chart or any
larger time frames than that once again
we should be expecting bullish moves in
the price of Bitcoin based on the
bearish dxy that we’re seeing right now
as we’ve seen historically throughout
bitcoin’s history time and time again
but I want to make it extra clear
because sometimes some people don’t
exactly get this but when I’m saying
bullish moves on the larger time frames
that can contain more bearish moves on
smaller time frames here and there and
so just because the dxy is bearish which
should be a bullish signal for Bitcoin
and crypto in terms of these larger
moves here on the daily time frame
obviously that does not mean only
bullish price action we can see small
bearish moves here and there in the
short term that is very normal to see
and if we’re taking a look at this day
daily Bitcoin chart looking at the daily
Bitcoin RSI as of right now that small
breakout that I talked about over the
last 1 to two days basically failed here
in the daily Bitcoin RSI and so as of
right now lining up this line of
resistance with these two previous highs
we’ve essentially seen another small
rejection But ultimately at some point
sometime soon we are going to see a
breakout Above This descending line of
resistance in the daily Bitcoin RSI
whether that happens within the next
couple of days or within the next few
weeks or so once again eventually it
will happen at some point and so
basically once we confirm a breakout in
the daily Bitcoin RSI above this
decending line of resistance and on top
of that once we actually confirm higher
lows and higher highs again in the daily
Bitcoin RSI so basically a bullish
reversal in the RSI at that point once
we start confirming those bullish
signals in the RSI we can become more
confident that we’re actually flipping
more bullish again in the short term for
Bitcoin basically getting ready for the
next L to the upside side in the bull
market and so the situation right now is
that in the somewhat shorter term we’re
taking a bit of a break from the larger
bullish Trend but ultimately at some
point it is very likely that we could
see a continuation of that bullish Trend
further to the upside especially once we
confirm a breakout Above This resistance
and especially if we see a further
pullback in this dxy once again that’s
another bullish signal helping Bitcoin
in the short term and once again if we
also see that reversal here in the RSI
that will be a another signal to watch
out for for more of a bullish reversal
for Bitcoin but that’s all talking about
the larger moves in the market when
we’re taking a look at a smaller time
frame looking in the short term on the
4-Hour chart right now the price of
Bitcoin is actually looking relatively
neutral in the short term because like I
said in my last video this bullish
Divergence is no longer really playing
out now that we’ve seen a bit of a
reversal in the 4-Hour Bitcoin RSI and
as of right now the price of Bitcoin is
basically trading in a sideways price
range in between this are of support and
this area of resistance first of all
this area of support is sitting in
between around 61 to 62,000 with some
support at around 60,000 and we also
have a small amount of short-term
support at around 635,000 and as for
resistance we have resistance in this
range in between 65 to 66,000 with some
short-term resistance at around 67,000
and above that we have more resistance
in between 68 to
69,000 and and so once again as of right
now on the 4-Hour time frame in terms of
the trend and momentum just in the
somewhat short term here we don’t really
have a strong Trend or momentum in the
short term we’re actually looking
relatively weak in terms of the momentum
to either direction which is why the
price is basically chopping around
sideways but believe it or not you can
make a lot of easy profits in choppy
sideways price action just like this and
if you want to know how to do that then
stick around to the end of this video to
find out more but first taking a look at
this 4 Hour Bitcoin chart and over the
last couple of days we’ve seen that
break to the downside from this bearish
Rising wedge pattern and what we have
seen just recently over the last few
hours or so is this price Target pretty
much exactly being hit because this
price Target to the Del side as I’ve
said over the last few days was sitting
at roughly around 625,000 more
specifically at around
62.7k and just recently the price of
Bitcoin went pretty much exactly to
around 625,000
we basically bounced right on around
62.7k at least as of right now and so
right now this bearish price target for
this bearish Rising wedge pattern has
already been hit which means the pattern
might not necessarily play out any
longer but with that being said
technically speaking there is another
priz Target for the pattern sitting at
the bottom of the wedge which is at
around 60 to 61,000 but I’ll take that
with a grain of salt I would not
necessarily bet everything on the price
to go towards that price Target just
based on this this pattern alone because
once again as of right now we are
currently seeing a bit of a bounce from
that initial price Target so as of right
now we have already completed at least
the first major price target for this
Rising wedge and so obviously if you
traded this move either to the downside
or to the upside whether you entered a
short position at the point of the
breakdown and traded the move to the
downside or if you had a long position
with buy orders sitting around the price
Target to open a long position either
way in both of those scenarios at least
as of right now you would have been
making money from this trade with a
short position from the break to the
downside or a long position from this
price Target and this bounce back to the
upside and so it does not matter if the
price is bearish or bullish we can make
money in either Direction with long
positions and short positions but
personally I like to focus more on Long
positions while we’re in a bull market
while we’re in a larger bullish Trend
because personally I like to have longer
term positions not just day-to-day
positions but positions that I could
hold for multiple days or even more
multiple weeks or even up to months and
obviously when we’re in a larger bullish
Trend a long position can perform a lot
better than a short position and if you
want to trade these moves in the price
of Bitcoin or any other crypto
personally I take those trades over on
buybit so I’ll make sure to leave a link
to buybit in the description down below
and in the Pinn comment and if you use
that link down below this video to make
a buybit account and deposit on that
account then you can get up to a $30,000
deposit bonus but only if if you use
that link down below this video and also
if you use that link it’ll take you to
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but only if you use that link down below
this video and so if you’re going to be
trading crypto anyway you might as well
get set up ready to go using that link
down below this video if you want to
claim those extra bonuses but for
whatever reason if you cannot access
bybit or if you cannot kyc on bybit
there is also bitflex which is another
crypto exchange similar to bybit but you
don’t need kyc for bitflex and so I will
also make sure to leave a link to
bitflex down below this video as an
alternative crypto exchange and if we’re
taking a quick look at the Bitcoin
liquidation heat map we can still see a
massive amount of liquidity to the
upside first of all just recently we did
take out a small amount of liquidity to
the downside but as of right now we
simply have more liquidation levels to
the upside compared to the downside
first of all we have a major area of
liquidity in between 67.3 K to 675,000
which basically means billions of
dollars of short positions will get
liquidated once the price of Bitcoin
actually crosses above 675,000 and on
top of that we also have a major area of
liquidity at around 715,000 with much
more liquidity at around 73,000
approximately and so honestly it’s only
a matter of time until the price of
Bitcoin is very likely going to go
towards those higher levels of liquidity
to Simply take out those levels and
liquidate those positions sitting at
those levels because as we can see here
in the past usually the price of Bitcoin
moves towards where there’s most
liquidity to Simply take out those
positions and if we’re taking a quick
look at the Bitcoin funding rate right
now the funding rates are still sitting
below neutral across a lot of different
exchanges and for some altcoins on some
exchanges the funding rates are still
sitting in negative territories which is
a bullish signal for crypto and I’ve
talked more about this in detail in
recent videos here on the channel so if
you want to know more about the funding
rate and exactly what it means for
Bitcoin and crypto then check out my
last few videos here on the channel to
find out more but anyway taking a look
at ethereum on the 8 hour time frame
right now the price of e is still
somewhat chopping around sideways in the
short term just like Bitcoin in the
somewhat short term we’re looking
relatively neutral at the moment but
like I said in my last video I no longer
really expect this bullish Divergence to
continue to play out considering we’re
already starting to see some lower highs
and lower lows in the 8h hour ethereum
RSI and so as of right now on the 8 hour
time frame we mainly need to focus on
support and resistance levels first of
all we do have some support at around
3050 approximately and we have a major
area of support in between around 2850
to 2950 and as for short-term resistance
we just saw a rejection from this area
over the last few days sitting in
between around 3.2k to 32 250 but if we
see a confirmed breakout above 3250
obviously in the short term that would
be a very bullish signal and in that
case we could likely head up towards
around 3.4 to 3.5k more specifically
around 3470 to 3530 which is the next
major area of resistance and if we
zooming into the shorter term looking at
the 3-hour time frame it’s possible that
this bearish Divergence just in the
imminent short term could continue to
play out over the next one day
approximately because usually these
smaller divergences on the smaller time
frames like the 3-hour chart they
usually play out over just a few days
give or take and so far this has already
been playing out over the last one day
approximately in the form of a
short-term pullback and some choppy
sideways press action which are the most
common outcomes from a bearish
Divergence and so once again considering
that this is technically active on the
3-hour chart just in the imminent short
term and considering that we’ still have
this important area of resistance just
above the current current price due to
those reasons and due to the fact that
we’re not looking overly bearish at the
moment we’re actually looking relatively
neutral in the short term basically in a
choppy sideways price range and so I
would only start to flip much more
bullish again in the short term once we
actually see a confirmed breakout with
candle closes above around 3250 and
honestly I would only start to flip much
more bearish again in the short term if
we start breaking below these lows below
this area of support that I just
mentioned and if we’re taking a look at
the price of salana on the 8 hour time
frame right now and over the last one
day we’ve seen a break back below this
area on the chart which is technically a
short-term bearish signal but at least
as of right now we are still potentially
retesting and holding Above This
previous descending line of resistance
which is potentially now acting as new
short-term support and as of right now
this line is currently sitting at around
144 to 145 so that is a critical area to
hold above on the chart because
basically if we start breaking below
around 144 below this line right here
then essentially that means we don’t
really have any major support here in
the short term until we start heading
towards these lower levels first of all
I would expect some support at around
140 but below that the next major area
of support is sitting in between around
120 to 127 to 128 and so for the Bulls
out there it’s important to hold Above
This level once again at around 144 to
145 and ideally the price needs to break
out very soon back above this area on
the chart in between 150 to 155 in order
to actually start flipping more bullish
again because obviously if the price is
still struggling around that area of
resistance that I just mentioned then of
course in the short term in that case we
could actually be looking relatively
neutral basically bouncing around in
between this support line and this area
of resistance and so ultimately similar
to bitcoin and ethereum just in the
short term here I’m actually relatively
neutral on the price I would only start
to flip much more bearish if we start
breaking below around 144 then in that
case once again i’ would expect to move
down towards these lower levels of
support but once again if we actually
see a strong Bounce from this retest
right here and break out back above 155
and ideally above these highs right here
at around 160 then in that case we’ll
likely head up towards this area of
resistance in between 167 to 172 and
above that honestly we could potentially
return up towards $200 once we actually
see a confirmed breakout above around
172 which obviously as of right now has
not happened and so ultimately just in
the short term we’re looking relatively
neutral until one of those signals
confirm in the short term but once again
on the larger time frames as I said for
Bitcoin earlier in the video we’re still
in a larger bullish Trend also known as
a bull market really for the overall
crypto market and once again if you want
to trade these moves in the price of
salana or any other crypto check out
those links down below this video if you
want to claim those extra bonuses and if
you want to actually know how to trade
crypto no matter if the price is bullish
bearish or chopping around sideways then
make sure to watch these videos popping
up right here on your screen the video
in the top left shows you how you can
profit from bullish or bearish Price
action using long positions or short
positions 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

BITCOIN JUST FLIPPED (Target Confirmed)!!! Bitcoin News Today & Ethereum Price Prediction!
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Timestamps:
Important Bitcoin Analysis! 0:00
Ethereum Technical Analysis! 12:41
Solana Technical Analysis! 14:57

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*DISCLAIMER*
The information presented in this video is for educational and entertainment purposes only and is not financial advice. I am not a financial advisor. Trading can result in loss of funds. Individuals must consider all risk factors including their own personal financial situation before trading. All individuals are responsible for their own trades and investments. Crypto World, “Josh” and affiliates are not responsible for individual loss due to poor trading decisions or any other actions which may lead to loss of funds.

This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.

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– Crypto World –