BITCOIN CRASH: LAST CHANCE (important)!! Bitcoin News Today & Ethereum Price Prediction!

BITCOIN CRASH: LAST CHANCE (important)!! Bitcoin News Today & Ethereum Price Prediction!

welcome back to the cryto channel everyone my name is Josh and right now a massive warning signal is flashing for Bitcoin and this could be the last chance for Bitcoin to form this pattern in the short term while ethereum is still chopping around in this sideways price range while salana is rejecting further from this critical area of resistance 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 before getting into the Bitcoin charts today giving you a quick update on the Bitcoin ETFs and on Tuesday we didn’t really see anything too significant we saw a very small net outflow of around $15.7 million us and so obviously with this being a net outflow it did contribute to some sell pressure on Tuesday which is potentially one of the reasons why we saw some bearish price action but ultimately a $15 million flow whether it’s an outflow or an inflow $15 million is not going to have a huge impact on the price and so with that being said taking a look at the Bitcoin charts this is on the monthly time frame so each one of these candles is an entire month just to give you a quick update and a quick refresher that Bitcoin is still currently within the larger bull market cycle in the Haring Cycles because obviously it was only last month that we saw the fourth ever Bitcoin Haring and usually right around the Bitcoin Haring we actually see some sort of consolidation whether that’s a short-term pullback or basically choppy sideways press action but usually a few months after the Haring the price really starts heating up and we continue on with a much larger bull market massively further to the upside over the next 1 year approximately following the Bitcoin harving and so as always it is important to understand the difference between the different time frames in the short term that can change between bullish and bearish basically every single day for example if you’re looking at the 1H hour charts or the 4H hour charts today could be bearish tomorrow could be bullish the next day could be bearish that can change all the time but when we’re zooming out looking at the larger time frames these larger Trends and moves on the chart do not change direction very often obviously we can stay in a bull market for a few years and then a bare market for an entire year and so once again it’s important to understand the difference between the different time frames if you’re just seeing the titles and thumbnails of these videos flip between bullish and bearish perhaps that’s just talking about the short term but anyway if we’re taking a quick look at the 3-day Bitcoin chart as of right now obviously the price is still down from the all-time high but technically speaking we’re still currently within a larger bullish trend on the larger time frames also known as a bull market and on top of that we’re actually seeing a potential hidden bullish Divergence on the 3-day time frame with higher lows in the price and lower lows in the 3-day Bitcoin RSI and this lower low has already been confirmed in the 3-day Bitcoin RSI so in order to invalidate this potential hidden bullish Divergence we would have to see a lower low in the price below this low right here which is sitting at around $40,000 and so basically we do have a hidden bullish Divergence here on the 3-day Bitcoin chart and once again this will only go away if you’re thinking the price is going to go back into the 30k range and a hidden bullish Divergence usually is not as strong as a regular bullish Divergence but basically it works with the trend as a trend continuation pattern pointing in the bullish Direction and if we’re taking a look at the daily Bitcoin chart as of right now the daily Bitcoin RSI is still trading Above This descending line of resistance which is a good sign to see but as of right now of course it is pulling back in the short term with the latest pullback in the price but it is not yet confirmed a break below this line right here and so technically speaking that breakout above this line of resistance is still active and obviously these larger moves take weeks if not multiple months to play out and during those larger moves we can see shortterm pullbacks here and there but if we’re looking at the somewhat shorter term momentum in the Market at the moment this bullish momentum that we’re seeing here in the daily Bitcoin macd is starting to fall flat and so first of all around half a week ago the daily Bitcoin macd did indeed confirm a bullish Crossover with the histogram heading in the bullish Direction showing some short-term bullish momentum beginning to build up again but so far since that bullish crossover the bullish momentum hasn’t really being growing it’s just being kind of flat at the moment and so basically with a lack of bullish momentum at the moment I would not necessarily expect an extreme bullish move straight to the upside like what we saw back here for example unless we start to see more momentum actually start building up again but with that being said technically speaking just based on the macd alone on the Bitcoin chart on The Daily time frame the macd as of right now is currently looking more bullish than bearish it’s just not showing a lot of bullish momentum but with that being said if we’re taking a look at the US dollar Index also known as the dxy on The Daily time frame as of right now and as I said in my last video this is flashing a warning signal with the dxy starting to bounce back to the upside and since my last video on the channel we continue to see a bit of a short-term pullback in the price of Bitcoin as expected so once again if you watched my last video then you would have already seen that short-term pullback that played out since my last video because the XY has already been spiking back to the upside again and so this will be very important to watch over the next few days because basically if we see a further bounce back to the upside and more importantly if we break out above these highs right here in the dxy that would be a strong bearish signal for Bitcoin because basically if the dxy breaks out above these highs to confirm a new higher high that would essentially confirm a trend continuation of this previous bullish Trend in the dxy which would basically confirm more of of a trend continuation for this short-term bearish trend for Bitcoin but on the other hand if this bounce actually fails to go any further to the upside and fails to break out above these highs and instead we’re just playing out a bit of a bounce in more of a short-term bearish Trend then obviously that would be bullish for Bitcoin and crypto so as always I’ll be sure to keep you up to date on what’s Happening Here in the dxy and many other important charts in these videos every day so make sure you subscribe to this Channel with notifications turn on so that you don’t miss out on any these important update videos and if we’re taking a look at this daily Bitcoin chart once again as I just said over the last one day we saw a continued pullback to the downside and as of right now the price of Bitcoin is basically riding along this line of previous resistance now acting as new support which is currently sitting at around 62 to 625,000 but we also have this potential line right here which if we’re taking a look at these previous candle closes right here and this candle Wick then we potentially have a new line of resistance to pay attention to also based on these candle closes and so basically if we see a further break to the downside below this solid line on the chart right here then that would essentially invalidate this line on the chart as a line to pay attention to because that would basically mean we’ve just seen a break above and then back below that line invalidating that line and so once again if we start breaking back below around 62,000 which is where that line is currently sitting at then we could potentially pay attention to this line of resistance which means the price could still be forming the falling wedge pattern but has not yet actually confirmed a proper breakout but either way as of right now the price of Bitcoin is still potentially forming this inverse head ands pattern on the 4-Hour time frame just in the much shorter term here but as of right now it is not yet complete or confirmed because in order to confirm this pattern as I’ve said in recent videos here on the channel we need to see a bounce back to the upside sometimes soon over the next few days or so back up towards this neckline which is sitting at around 64.8k and then we need to see a confirmed breakout above that neckline with candle closes above that level in order to confirm the bullish price Target and in that case the bullish price Target would be sitting at around 73.7k approximately but once again as of right now that potential price Target is not yet confirmed or in play because we have not yet confirmed the breakout for this pattern and as I said in the beginning of this video this could potentially be the last chance for Bitcoin to form this pattern right here because basically if we continue consolidating here in the short term over the next few days or so and fail to see that breakout in the next few days or if we see a further pullback well below 61,000 over the next few days then basically in those scenarios that would invalidate the formation phase for this pattern because in those cases the right shoulder would become way too large compared to the left shoulder invalid ating the pattern all together and so once again this is the last chance for Bitcoin just over the next couple of days or so to actually form this pattern right here we really need to see about sometime soon to complete this pattern and as for my trading strategy right now as I’ve said in recent videos here on the channel and in fact as I’ve been saying since all the way back down here I’ve already accumulated a long position at much lower levels and as of right now I already have my stop loss sitting in decent profits well above my entry price so even in the the worst case scenario if we just crash right now that would trigger my stop- loss in profits and close the trade automatically in profits but basically if we start to invalidate the formation phase for this pattern right here and see a further rejection on this chart then like I said in my last video if we start to see more of those signals and especially if we start to see more of a bounce back to the upside here in the dxy then if we start to see more of those short-term bearish signals I may look to take just some profits out of that trade at these higher levels before even waiting to hit that stop- loss but either way no matter what happens once again this is still a winning trade with a stop loss above my entry sitting in profits and so if you also want to take trades just like this to make a lot of easy money in crypto then make sure to check out this exchange which I’m trading on right now which is 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 below this video and also if you use that link it will take you to this page right here where you can claim an exclusive 200 usdt airdrop position but you can only claim this position if you actually use the link down below this video to make a buybit 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 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 buybit but you don’t need kic 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 see over the last one day we exactly took out that lower level of liquidity that I’ve already been talking about over the last 3 days or so first of all that level of liquidity was sitting in between around 62.3k to 62.5k and once again as I’ve been saying for multiple days now on the channel we’re likely going to see a move to the downside first to take out that liquidity before potentially heading higher at some point later on and so now that we’ve taken out that liquidity in the liquidation heat map what are some other levels of liquidity to watch out for well first of all we do actually have a new level of liquidity to the downside in the short term sitting in between 60.9k to 61.1k but the good news is we’re finally starting to see see some short-term liquidity actually start building up above the price mainly sitting at around 65.9k to 66k but as I’ve also said recently here on the channel if we’re zooming out to a larger time frame in the liquidation heat map we can see much larger levels of liquidity to the upside for example mainly sitting at around 67 A5 thousand we have billions of dollars of liquidity at around 675,000 and so when the price of Bitcoin eventually crosses above that level that could potentially trigger a major short squeeze further to the upside but once again only once we actually cross above that level and if we’re taking a look at the Bitcoin and crypto funding rates across multiple exchanges right now a lot of the funding rates actually returned back to neutral they’re sitting at relatively neutral levels with a lot of the funding rates in the token margins section actually still sitting in negative territory and so overall the funding rates are actually looking relatively neutral at the moment so there’s not too much to say on the funding rates as of right now and if we’re taking a look at ethereum on The Daily time frame as of right now the price of e e is still trading in between this support and this resistance first of all this support is currently sitting at around 2860 and this resistance is sitting at around 3320 and so right now the price is potentially still forming this massive falling wedge pattern basically in a shortterm bearish trend and if we’re taking a look at the 12-hour time frame just in the shorter term here the price is basically in a bit of a sideways consolidation chopping around sideways during this pullback and the main areas of support and resistance to pay attention to in this sideways price range uh first of all this support range is sitting in between around 2850 to 2950 this area of resistance is sitting in between around 3.2k to 3250 and we also have another level of resistance closer towards 3350 and so essentially just in the short ter and as I’ve been saying in recent videos here on the channel the price of eth is basically just in a choppy sideways price range chopping around sideways but believe in or not this is a gold mine in crypto you can make a lot of easy profits in choppy sideways price action just like this basically automatically as passive income and so if you want to know how to do that for yourself basically making a lot of easy profits in choppy sideways price action then stick around to the end of this video to find out more but first giving you a quick update on the price of Salada and as of right now salana is still pulling back from a rejection from this critical area of resistance first of all this area of resistance is sitting in between 150 to 155 and we also have a level of resistance at around 160 and more resistance in between 167 to 172 and as for short-term support we’re currently finding some short-term support at around 145 like I said in my last video but if we start breaking below 145 then in that case we should find some support at around 140 and Below 140 we have major support in this range in between 120 to 128 and this bullish Divergence for the price of salana is potentially starting to wear off considering the price is still struggling around this area of resistance and especially if we start to see some lower lows or lower highs form in the RSI if we start to see something like that in the RSI then that can start to invalidate this bullish d But ultimately at the moment the price is just somewhat struggling around resistance and lacking momentum like a lot of the crypto Market at the moment we’re just simply lacking momentum in the short term but either way if you want to trade these moves no matter what direction the price goes check out those links down below this video and if you want to 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 he can profit from bullish or bearish Price action using long positions or short positions and the video in the bottom left shows you how he 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 CRASH: LAST CHANCE (important)!! Bitcoin News Today & Ethereum Price Prediction!
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Timestamps:
Bitcoin News Today!! 0:00
Important Bitcoin Analysis! 1:00
Ethereum Technical Analysis! 13:02
Solana Technical Analysis! 14:25

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