BITCOIN PRICE JUST FLIPPED (Warning)!! Bitcoin News Today & Ethereum Price Prediction!

BITCOIN PRICE JUST FLIPPED (Warning)!! Bitcoin News Today & Ethereum Price Prediction!

welcome back to the crypto Channel
everyone my name is Josh and right now
Bitcoin is officially breaking down
while a new signal is flashing in the
shortterm which I’ll talk about in just
a moment while ethereum is now running
into critical support before potentially
the next major price Target while salana
is now bouncing from critical short-term
support 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 just before getting
into the Bitcoin charts today taking a
quick look at the Bitcoin ETF news today
and on Tuesday we saw another net
outflow this time a net outflow of
around 161 million us and so this
basically means the Bitcoin ETFs are
still currently dumping Bitcoin on the
market which is one of the reasons as to
why we’re seeing a bit of short-term
bearish price action at the moment and
also just recently we just had an fomc
meeting also known as a Fed meeting and
the Federal Reserve basically kept
interest rate the same which was the
expected outcome and so the interest
rate decision itself did not really have
a major impact on markets because once
again the interest rates did not change
and everyone was already expecting that
and also if we’re looking at the
probabilities for future fed meetings we
can see the next fed meeting happens in
around the middle of June and as of
right now almost everyone in the market
is also expecting for the Federal
Reserve to keep interest rates at the
same level at that next fed meeting in
June and as for changes in interest
rates right now the majority in the
market is expecting the next change in
interest rates to happen somewhere
around September or November basically
later this year once again the market is
indeed expecting an interest rate cut
just one interest rate cut based on what
the market is currently pricing in and
then as of right now the Futures Market
is also pricing in another interest rate
cut by the way both of those interest
rate cuts are 25 basis points so
reducing interest rates by 0.25 % and
that second interest rate cut that the
market is pricing in that the market is
expecting is expecting that to happen
around January next year and now even
though the interest rate decision at the
latest fed meeting did not really affect
markets all that much because once again
that was the expected outcome but we did
see the market react to the Drome power
press conference right after the latest
fed meeting decision because during that
jome power press conference we actually
saw the market bounce back to the upside
due to the press conference looking
relatively doish AKA bullish and
basically one of the main reasons as to
why the market bounced during the press
conference why the press conference was
considered bullish for markets was
basically due to the fact that Jerome
pal said that there’s pretty much no
chance we’re going to see any more rate
hikes and instead we’re looking at
potential rate cuts at some point in the
future and on top of that the Federal
Reserve is looking to taper their
quantitative tightening which basically
means getting rid of their quantitative
tightening and QT is considered
considered bearish so when you taper qt
or get rid of QT that is considered
bullish and so once again due to those
reasons we actually saw a slight bounce
just in the short term right around that
fed press conference but if we’re
looking at this 3-day Bitcoin chart we
can see the price of Bitcoin is still
currently trading below at least at the
time I record in this video trading
below this Fibonacci level which is
sitting right at around
$60,000 and this next 3-day candle close
confirms in around 1 day from now so
basically if we see that 3-day candle
close confirm below 60,000 then
obviously that would not be a good sign
on this chart because basically if we
confirm a break below that 60k level
with confirmation like candle closes
below that level on larger time frames
then in that case the next major level
of support to the downside would be this
38.2% Fibonacci level sitting right at
around 51 to 52,000 once again as the
next major support and so as potentially
if we further confirm this break below
60k with strong candle closes on large
time frames below that level then expect
a move potentially down to those lower
50k prices but if we’re taking a look at
this 3-day Bitcoin chart we can see at
least as of right now this pullback from
high to low is still kind of on par to
previous pullbacks that we’ve seen
throughout this very bull market and
also if we’re looking at previous bull
markets like for example the 2017 bull
market we saw multiple 30 to 40 %
pullbacks to the downside during that
bull market and so it’s important to
understand that just because we see a 20
or 30 or even 40% pullback from high to
low that does not necessarily mean the
bull market is over as we’ve seen in the
past and so as I always say it’s
important to understand the difference
between the different time frames yes in
the shorter term we can look more
bearish but on the larger time frames
looking at the bigger picture it’s still
possible to remain within the larger
bullish trend for in higher lows and
higher highs even if we see some
short-term bearish price action here and
there and if we’re taking a look at this
daily Bitcoin chart as of right now the
dxy is basically chopping around
sideways over the last couple of days it
did have a major spike to the upside and
with the latest fed meeting due to the
things that were spoken about in that
latest press conference we did indeed
see a drop back to the downside in the
dxy just recently which also coincided
with that slight bounce here in the
price of Bitcoin but if you want to know
more about the dxy and this chart right
here then check out my last video here
on the channel because in that video I
went into much more detail about this
chart right here and if we’re taking a
look at this daily Bitcoin chart as of
right now the price of Bitcoin is
potentially about to confirm a break
below this line of support which is
actually sitting at around
59,000 considering it’s a descending
line of support but at least at the time
of recording this video we have not yet
confirmed a daily or a weekly Kel close
below 59,000 so keep that in mind at
least for now it’s still a possibility
that we could still hold above that
level if we see candle closes back above
that level but basically right now the
price of Bitcoin is on the very edge of
potentially confirming a break to the
downside here on the daily time frame
and once again if that actually happens
then that would potentially invalidate
this potential bullish Divergence which
was forming but never actually confirmed
because to confirm that pattern we need
to see a breakout Above This resistance
which is sitting at around 715,000 and
if we’re zooming further into the short
term looking at the 2hour Bitcoin chart
as of right now the price of Bitcoin is
actually starting to play out a new
bullish Divergence here on the 2hour
Bitcoin chart because as of right now
the price has already confirmed lower
lows in place in the candle closes while
the RSI on the 2hour time frame has just
confirmed higher lows and so once again
at least at the time of recording this
video this bullish Divergence is
actively playing out and is most likely
going to play out over the next 1 to two
days or so as the most likely scenario
and often these bullish divergences they
usually play out in the form of either a
sideways consolidation or a slight
bullish relief in the short term as the
most likely outcomes and so due to this
reason personally my short-term trading
strategy right now is actually starting
to scale into a new Bitcoin long
position and it’s important to
understand that at least as of right now
it’s a relatively low leverage position
and I do have more buy orders to the
downside so let’s just say if we
continue this pullback further to the
downside then that would simply trigger
more by orders to the downside basically
scaling further into that position and
lowering my entry price basically
getting a better entry and a bigger
trade for that trade and as always none
of that is personal financial advice
because I don’t know your personal
financial situation I’m just sharing my
trading strategies right now and in case
you’re wondering 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 pinned
comment and in fact 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 you use that link down
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that link it will take you to this page
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you can only claim this free airdrop if
you actually use the link down below
this video to make a buyit account and
so if you’re going to be trading crypto
anyway you might as well check this out
once again first link down below this
video if you want to claim these 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 on
alternative crypto exchange and if we’re
taking a quick look at the Bitcoin
liquid heat map we can see we’ve just
taken out a little bit more liquidity to
the downside but we still have the major
levels of liquidity to the upside and so
it is still quite likely that at some
point in the future the price of Bitcoin
is likely going to return once again at
some point in the future up towards
these higher prices at around 675,000
and around 71 and a half th000 and also
more liquidity at around
73,000 and basically the moment the
price of Bitcoin even just crosses Above
This level right here at around 675,000
then in that case billions of dollars of
short positions will get liquidated and
so once again if the price of Bitcoin
crosses above those levels expect major
Liquidations in terms of short positions
which could actually send the price a
lot higher once we cross those levels
but anyway taking a look at the ethereum
part of this video this is on the weekly
time frame and if we’re taking a look at
the Fibonacci retracement Tour on the
linear settings from the bare Market low
up to the latest local high we can see
that right now the price of eth is
running into the 38.2% Fibonacci level
of support which is sitting just below
2.9k more specifically around 2860 to
2870 and basically if we confirm candle
closes on larger time frames like the
3-day chart or the weekly chart below
around 2.9k then in that case we could
likely see a move down towards the next
major level the next major retracement
level which is the 50% retracement level
sitting at around
22,000 and so once again if the price
cannot hold
2.9k expect a move to
2.5k if we first confirm a break below
2.9k which as of right now has not
happened and if we’re taking a look at
the daily time frame we are still
potentially forming this massive falling
wedge pattern because as of right now
the price has not yet confirmed a break
either below this support line or above
this resistance line and right now this
line of support is sitting at around
2890 so also right around that 2.9k
level which is an important level on the
chart and this resistance is sitting at
around 3.3k which is the level we need
to confirm a breakout above in order to
confirm the bullish price target for
this pattern and if we zooming further
into the short term looking at the 8
hour time frame we can see right now the
price of e is actually bouncing from
this critical area of support which is
sitting in between around 2850 to
2950 and so once again I’ve been talking
about this exact area of supports over
and over again here on the channel and
once again we are finding a lot of
support in that exact price range as
expected and this is also coinciding
with the RSI entering into oversold
territories on the 8 hour eth to US
dollar chart for the first time since
around the middle of April and the time
before that was right around the 19th of
March and if we’re taking a look at the
price of eth at at both of those times
where the RSI entered into oversold
territories that happened right before
bounce back to the upside at least in
the shortterm and now it’s important to
understand that this does not
necessarily mean we’ve definitely hit
the bottom for the pullback like what we
saw back here we ultimately went a
little bit lower later on but at least
in the much shorter term talking about
the next couple of days or so we most
likely going to see at the very least a
sideways consolidation or most likely
actually a bounce back to the upside
basically I’ll not expect a massive move
to the downside just over the next one
day or so because once again that’s
simply based on the RSI already hitting
those oversaw territories and now
resetting back to the upside causing the
price to bounce back to the upside and
also we are bouncing from strong support
and if we’re taking a look at salana on
the 8h hour time frame we’re seeing
almost the exact same thing for salana
as I just said for ethereum on the 8
hour time frame basically the price is
bouncing from this exact area of support
that I’ve been talking about over and
over again here on the channel in
between 120 to 128 and we are also
bouncing from those oversold territories
here in The 8 Hour salana RSI like what
we saw previously if we’re looking at
the last time this happened we saw a
bounce back to the upside in the price
both here and here at both of those
times where the RSI entered into
oversold territories and once again this
signal by itself does not necessarily
mean we’ve definitely hit the bottom and
we’re going to have no more bear press
action it does does not mean that but
what it does mean is just in the short
term here as in talking about the next
day or so maybe the next few days it’s
unlikely we could go a lot lower that’s
not impossible but that is unlikely and
what is most likely going to happen is
once again just a sideways consolidation
with the price stabilizing in the short
term over the next few days or
potentially a bit more of a bounce back
to the upside just in the short term
once again just over the next 1 to two
days or so as the most likely outcome
and when it comes to support and
resistance we have this area of support
further to the downside in case we
actually confirmed to break below 120
then in that case we have another area
of support in between 99 to 106 and we
also have this area of support that I
just mentioned and for resistance we
have this area sitting in between 150 to
155 with more resistance at around 160
and if we also taking a look at this
descending line of resistance right here
we could also find some resistance at
around 1 45 so just keep that in mind
and if you want to trade these moves in
the price of any crypto once again 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 PRICE JUST FLIPPED (Warning)!! Bitcoin News Today & Ethereum Price Prediction!
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Timestamps:
Bitcoin ETF News Today!! 0:00
FED MEETING TODAY!! 0:52
Important Bitcoin Analysis! 3:05
Ethereum Technical Analysis! 9:51
Solana Technical Analysis! 12:47

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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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