BITCOIN LIQUIDATIONS COMING (Prepare Now)!! Bitcoin News Today & Ethereum Price Prediction!

BITCOIN LIQUIDATIONS COMING (Prepare Now)!! Bitcoin News Today & Ethereum Price Prediction!

welcome back to the cryto channel
everyone my name is Josh and right now
Bitcoin is bouncing from this exact
short-term price Target as the price is
now retesting a critical level on the
chart while we’re also seeing a new
signal flash in the short term that we
need to pay attention to so I’ll be
talking about that in just a moment
alongside ethereum also 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 just giving you a quick
update on the Bitcoin ETF news today and
on the Wednesday the Thursday and the
Friday we saw multiple net outflows from
the Bitcoin ETFs so first of all on the
Wednesday we saw a net outflow of around
$120 million on Thursday we saw a net
outflow from the Bitcoin ETFs of around
$217 million us and on Friday we saw
another net outflow of around $83
million and so just over the Wednesday
Thursday and Friday this totaled a net
outflow over those 3 days of around
4218 million us leaving the Bitcoin ETFs
and as always a net outflow is
considered bearish because that’s
basically US dollars leaving the Bitcoin
ETFs and because they’re spot Bitcoin
ETFs that basically means selling spot
Bitcoin to gather US dollars to pay out
those funds and so for everyone out
there that might be thinking that ETFs
have no impact on the price of Bitcoin
well if we’re taking a look at this
selling pressure over over the last 3
days or so on that Wednesday Thursday
and Friday from the Bitcoin ETFs and if
we’re taking a look at the Bitcoin price
over those three days we can clearly see
that once again the ETFs do indeed have
an impact on the price of Bitcoin and so
for as long as we’re seeing decent net
outflows coming out of the Bitcoin ETFs
there is a good chance that we could
continue to see a little bit more
short-term bearish price action but
obviously on the other hand if there’s a
lot of net inflows coming into the
Bitcoin ETFs then that can cause
short-term bullish price action like
what we saw around 1 to two months after
the Bitcoin ETFs actually launched back
in January but anyway with that being
said taking a look at the Bitcoin charts
here on the daily time frame right now
Bitcoin is still potentially forming a
massive bullish flag pattern and so this
chart right here on the daily time frame
over the last one day has not really
changed all that much so if you’re new
to the channel and you want to know more
about this chart right here then check
out my last video here on the channel
and the same can really be said about
this daily Bitcoin chart showing the dxy
here in the red line because since
yesterday this has not really changed
all that much so once again if you’re
new to the channel and you want to know
more about this chart right here then
check out my last video here on the
channel and so zooming into the shorter
term looking at the 4-Hour time frame
and right now the price of Bitcoin is
still basically trading within this
sideways price range in between this
support and this resistance first of all
this area of support is sitting in
between around 61 ,000 to 62,000 with
some support at around 60,000 and as for
resistance we do have resistance in
between around 65 to 66,000 with some
more short-term resistance at around
67,000 and above that we have another
area of resistance in between 68 to
69,000 and as of right now at least in
the short term here the price of Bitcoin
is kind of lacking momentum to either
direction so like I’ve said over the
last couple of days we’re not really
looking overly bullish or overly bearish
just in the short term here because
we’re basically in a sideways price
range especially on this daily time
frame here in this massive bullish flag
pattern but if we’re taking a look at
this 4-Hour Bitcoin chart first of all I
said back here on the channel when the
price was at around 66 to 67,000 I said
that we had this Rising wedge pattern
which was a bearish pattern forming in
the short term and basically the moment
we confirm to break to the downside
below this line of support that set up
this short-term bearish price Target
sitting at around 625,000 or more
specifically around 62.6 to
62.7k and I said on the channel right
around here that we have already hit
this technical price Target and we just
now hit this price Target again and once
again as I said previously here on the
channel we should be expecting at least
some support around this price Target so
around 622,000 give or take which we are
now running into but if we actually
break below around 625,000 then there is
a pretty good chance that we could head
down towards these local lows which is
sitting at around 60 to 61,000
approximately but once again between now
and then we still have this area of
support to pay attention to which could
potentially prevent the price even going
down towards those lower levels if
there’s enough demand in this area and
if we zooming further into the short
term looking at the 2hour time frame I
said in my last video that we have this
potential head and shter pattern which
is a bearish pattern just in the
imminent short term and since my last
video we have now confirmed a break
below that neckline of support which was
sitting at around
63.4k but since that initial break to
the downside obviously we’ve come back
up for a retest of that level and
basically if we confirm a breakout back
above
63.4k with candle closes back above that
level then that will invalidate this
break to the downside and invalidate
this pattern and price Target but as of
right now we have not yet confirmed a
breakout back above that neckline so at
least for now it’s still possible that
this pattern could continue to play out
but basically in order to keep this
press Target active on the chart we need
to see some sort of rejection very soon
from this level that I just mentioned
because basically if we reject from that
level essentially flipping previous
support into new resistance then that
would actually be an extra confirmation
signal further confirming the break to
the downside towards this price Target
which is sitting at around
$60,000 and so right now at the time of
recording this video at least in the
short term for the price of Bitcoin this
is really a make or break moment because
once again we’re extremely close to
potentially invalidating the break to
the downside altogether but at the same
time if we do not actually confirm those
candle closes above
63.4k and instead we see that rejection
then that could be a sign that we could
be heading down towards around $660,000
especially if we break below around
625,000
so those are the levels to watch out for
on the chart and now if you’re new to
all of this or if you’re new to trading
in general then you might be thinking
that I’m just talking about how Bitcoin
could be either going up or down but
it’s important to understand for anyone
that’s new to trading it does not matter
what direction the price goes you can
make money in either direction and so
all that really matters when it comes to
trading is an entry point so basically a
signal to enter a trade and a potential
price Target basically an exit for that
trade and so this is not Financial
advice but just an example of that would
be let’s just say if we confirm a break
below 625,000 that could be a potential
signal to enter a short position with
this price Target in mind to exit that
position or at least take profits or on
the other hand if we confirm a breakout
back Above This level right here that
could be a potential signal to enter a
short-term long position and once again
that is not personal financial advice
I’m just giving you some examples of how
we can make money in either direction
based off different signals that could
confirm and different price Targets in
either direction and so once again when
it comes to short-term trading in the
price of Bitcoin it really does not
matter trying to predict the direction
of the price we just need to pay
attention to signals and price targets
and we can make money in either
direction and if you want to trade these
moves in the price of Bitcoin or any
other crypto personally I trade those
moves over on bybit so I’ll make sure to
leave a link to bybit in the description
down below and in the pinned comments
and in fact if you use that link down
below this video to make a buybit
account and deposit on that account you
can get up to a $30,000 deposit bonus
but only if you use that link down below
this video and also if you use that link
it’ll take you to this page right here
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use the link down below this video to
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first link down below this video but for
whatever reason if you cannot access
bybit or if you cannot kyc on buybit
there is also bitflex which is another
crypto exchange similar to buybit but
you don’t need kic for bitflex and so
I’ll will also make sure to leave a link
to bitflex down below this video as an
alternative crypto exchange and what we
are also seeing in the short term for
the price of Bitcoin here on the 2hour
time frame as well is a new bullish
Divergence pattern which has just
confirmed because as of right now on the
2hour time frame we have confirmed lower
lows in the price of Bitcoin in the
candle closes while also confirming
higher lows in the 2hour Bitcoin RSI
which is a bullish Divergence and in
case you’re new to all of this a bullish
Divergence usually plays out in the form
of reduced bearish momentum which means
either choppy sideways price action or a
bullish relief in the short term as the
most likely outcomes but we have to
consider the fact that this is only on
the 2hour time frame it’s not like it’s
on the daily or the weekly time frame so
usually these smaller patterns on
smaller time frames don’t play out very
long and so it’s possible that this
could continue playing out possibly over
the next 1 to 2 days or so especially if
we break out back Above This level on
the 2hour time frame but basically i’
not be expecting this to play out over
weeks and weeks from now once again
potentially over the next 1 to 2 days or
so and if we’re taking a quick look at
the Bitcoin liquidation heat map we
still have some liquidity to the
downside at around 62,000 approximately
but we still have a lot of liquidity to
the upside first of all this main level
of liquidity is sitting at around 67.3
to 675,000 and on larger time frames we
also have much more liquidity as well at
around 715,000 and
73,000 and so basically those higher
levels of liquidity will likely
ultimately draw the price to the upside
at some point in the future because
usually the price of Bitcoin likes to
Trend towards where there’s most
liquidity and so keep that in mind and
if we’re taking a quick look at the
Bitcoin and crypto funding rates across
multiple different exchanges right now
the funding rates are still overall
sitting below neutral because the
neutral funding rate is
0.01% so anything below that basically
means there’s a lot of people in the
market wanting to short crypto and not a
lot of Traders looking to Long the
market and basically when we start
seeing these negative funding rates that
basically means the short positions are
having to pay those funding rates as a
fee to the long positions and so
basically these below neutral funding
rates or negative funding rates are seen
as a bullish signal for the market
because they incentivize new longs to
open and existing shorts to close which
adds buying pressure and so with these
funding rates already below neutral
right now already starting to flip into
the negative territory of course as of
right now if the price of Bitcoin does
indeed go any lower then pretty quickly
the funding rates are going to get very
negative so even if we do go a a little
bit lower in the short term that could
likely turn the funding rates very
negative which could ultimately cause a
short squeeze later on and so this is
actually very healthy to see for the
larger bullish Trends because for
example if right now the funding rates
were extremely overheated above neutral
then that would be a bit of a bad sign
for the bullish Trend but anyway taking
a look at ethereum on the 8 hour time
frame right now the price of eth is
retesting a critical area of resistance
sitting in between around 3.2k to 3250
and previously this was massive support
and resistance for the price multiple
times here on the chart so this is
definitely an important area to pay
attention to and if we ultimately
confirm a breakout with candle closes
above 3250 obviously in the short term
that would be a bullish confirmation
signal likely sending the price up
towards the next major resistance
sitting in between around 3470 to
3530 and we also have another
significant level of resistance at
around 3650 and as for support we do
have some short-term support at around
3.1k with significant support in between
around 2850 to 2950 and at least as of
right now while the price of eth has not
yet confirmed this breakout above 3250
at least for now we’re still basically
in this sideways price range where the
price has basically been chopping around
sideways but what we can also see right
now is a potential cup and handle
pattern which is a bullish pattern so if
we confirm a breakout above 3250 that
would confirm this potential cup and
handle pattern and in that case that
will set up a bullish price target for
that potential cup and handle pattern if
we confirm the breakout once again above
3250 that will set up a price Target at
around 3590 just below 3.6k and so from
the point of the breakout to that price
Target we’re talking about a potential
10% move to the upside in the price of
eth if we actually first confirm this
Breakout right here and once again even
if we confirm this breakout and set up
that bullish price Target we have to
remember that between now and that price
Target there is also this other area of
resistance where the price could still
struggle at and if we zooming further
into the short term looking at the
3-hour time frame it’s basically safe to
say at this point that this previous
short-term bearish Divergence is no
longer playing out because obviously for
a couple of days here in the short term
it played out exactly as expected in the
form of short-term bearish price action
and a bit of neutral price action just
over the last few days but remember
considering it’s only on the 3-hour time
frame these smaller patterns on the
smaller time frames usually only play
out just over a couple of days or so and
considering that right now the RSI just
made a new higher high above this
previous high right here that basically
confirms the invalidation of this
short-term bearish Divergence and so as
of right now we just need to pay
attention to these short-term support
and resistance zones and this potential
price Target if confirm the breakout and
if we’re taking a quick look at the
price of salana on the 8 hour time frame
there’s not a whole lot to update on
because as of right now obviously we
continued a little bit more of a
short-term pullback over the last one
day and right now we’re seeing a bit of
a short-term bounce along with a lot of
the crypto Market But ultimately as of
right now the price is basically in this
sideways price range in between this
support and this resistance first of all
this area of support sitting in between
around 120 to 128 and this resistance is
sitting in between around 150 to 155 and
so when it comes to the short-term Trend
and momentum at least for now while the
price is in between this support and
this resistance we’re still looking
relatively neutral we don’t really have
a strong amount of momentum to either
direction until we actually break one of
these areas on the chart but if we
actually break out Above This resistance
so above around 155 we also have to
remember we have some more resistance at
around 160 and more resistance in
between
167 to 172 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 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 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 press 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 LIQUIDATIONS COMING (Prepare Now)!! Bitcoin News Today & Ethereum Price Prediction!
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Timestamps:
Bitcoin ETF News Today!! 0:00
Important Bitcoin Analysis! 2:08
Ethereum Technical Analysis! 11:50
Solana Technical Analysis! 14:30

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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 –