BITCOIN WARNING SIGNAL CONFIRMED (My Strategy)!!! Bitcoin News Today & Ethereum Price Prediction!
welcome back to the crypto Channel everyone my name is Josh and R now Bitcoin is rejecting from critical resistance as the price is playing out a new warning signal in the short term that could reveal the next trading opportunity while ethereum is also flashing a new warning signal in the short term 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 3-day Bitcoin chart and right now the price of Bitcoin is still technically in a larger bullish trend on the larger time frames also known as a bull market because at least as of right now the price of Bitcoin has not yet invalidated the higher low higher high price structure on the larger time frames like the 3-day chart or the weekly chart for example and on top of that we also have this hidden bullish Divergence which is a trend continuation pattern telling us that we’re most likely going to continue the larger bullish Trend over the coming months but as I always say it is important to understand the difference between the different time frames so even though we might still be in a bullish trend on the larger time frames during this larger bullish Trend we can see short-term bearish price action here and there and so just because I’m still bullish on the larger time frames in terms of the larger Trend that does not necessarily mean bullish across all time frames and if we’re taking a look at the daily Bitcoin chart as of right now since my last video here on the channel the dxy here on the daily time frame has not updated because the dxy has been closed for trading over the weekend but basically in case you’re new to this channel the dxy has been pulling back over the last couple of weeks which has been a bullish reversal signal for Bitcoin in terms of these shorter term Trends here in the price but if you missed my last video and if you want to know more about this dxy right here and what it exactly means for Bitcoin moving forward then check out my last couple of videos here on the channel to find out more and something similar can be said about the daily Bitcoin RSI because since my last video not a lot has changed in the daily Bitcoin RSI and so obviously as I’ve been saying basically every day over the last couple of weeks the daily Bitcoin RSI has already started a bullish reversal breaking out above critical resistance and forming higher lows and higher highs and the last couple of times we’ve seen this in the daily Bitcoin RSI this has happened right at the beginning stages of the next major move to the upside or Trend in the price of Bitcoin but once again during these larger bullish moves or these bullish trends we can see short-term bearish price action and short-term pullbacks here and there during the bullish Trend and if we’re taking a look at this daily Bitcoin chart as of right now this breakout to the upside from this bullish falling wedge is technically still active on the chart but with that being said we have now run into the first major obstacle in this breakout to the upside which is this significant area of resistance that I’ve been talking about here on the channel sitting in between 67 to 68,000 and so once again as I’ve already been sharing here on the channnel we are likely going to see the price of Bitcoin struggle around this area on the chart and we’re likely going to see at least some sort of sideways consolidation or possibly a short-term pullback or rejection from that resistance area which so far is playing out exactly as expected but once again this might only be a minor pullback during the larger breakout to the upside considering the overall breakout from this falling wedge is technically still active and in order to validate this breakout to the upside for this falling wedge would have to see a break back below this point of the breakout which is sitting at around 62 to 63,000 and once we eventually see a confirmed breakout above 68,000 for as long as we don’t invalidate this breakout for the falling wedge and we eventually confirm a breakout above this area of resistance then once we see that confirmed breakout above 68,000 we could likely see a quick move up towards that alltime high area in between around 72 to 74,000 as the next major area of resistance to the upside but once again only once we confirm a breakout above 68,000 which as of right now has not happened and if we’re zooming further into the shorter term right here on the 4-Hour time frame we are now seeing this bearish Divergence that I’ve been warning about over the last couple of days this is now playing out as expected and so once again as I’ve already been saying over the last couple of days we’re most likely going to see either at least some choppy sideway way price action if not a short-term pullback in the price of Bitcoin as the most likely scenarios at least in the short term as in talking about the next couple of days or so and if we’re taking a look at the last time we saw a short-term bearish Divergence here on the 4-Hour time frame this played out over the next couple of days over the next two to three days give will take in the form of a short-term pullback before we eventually continued that bullish Trend higher later on and so once again if you’re zooming out to a larger time frame if that short-term be Divergence continues to play out like what we saw last time around a week ago give or take then that bearish Divergence playing out might look something like that for example before potentially continuing the bullish Trend higher later on and so that’s why I’ve been saying it’s important to understand the difference between the different time frames when we’re talking about the larger Trend playing out I am still bullish but during that larger bullish Trend we can see some short-term pullbacks here and there and once again right now we’re potentially seeing a bit of a short turn pullback playing out but this could be a trading opportunity that we could take and personally my trading opportunity is I’ve already entered a long position around these previous local lows closer towards 59 to 60,000 and as of right now like I said in my last video I’ve already taken some profits off the table for this long position right here and I still have a lot of the position open but since my last video this position has not changed I haven’t done anything to this position since my last video but basically the potential trading opportunity when it comes to this short-term pullback is potentially in my situation I may look to add to this long position if we see a continued pullback here and so for example if we start bouncing around this previous low at around 65,000 which was also previous resistance that could be a possible signal to add to this long position or for example if we see the 4-Hour Bitcoin RSI play out this bearish Divergence and then perhaps in a day or two from now if it starts entering closer towards over sold territories that could also potentially be a signal to add to this long position basically if we start seeing some short-term bullish signals like bouncing around support or some oversold signals in the RSI anything like that then once again I’ll potentially use this short-term pullback to add to this long position considering I am still bullish in terms of the larger Trend at play and as I’ve explained here on the channel the idea around this specific long position right here as always not Financial advice but in my trading strategy right here the idea for this long position is to basically have it as more of a swing trade trading the larger move to the upside kind of like what we saw back here or back here for example and so essentially when we’re running into resistance at those areas I might take a little bit of profits off the table as I just did recently but then if we’re seeing these short-term pullbacks along the way like what we’ve seen previously on those opportunities I may look to add to that long position and as always everying single day here on the channel I’ll keep you up to date on this trading strategy as I’ve been doing basically every day over the last couple of weeks and also if you want to get extra real-time updates throughout the day if I make any changes to this trading strategy check out my Instagram or my Twitter link down below this video because on those other social medias I’ll also make any extra updates if I actually make changes to this trading strategy and if you also want to take trades just like this to make a lot of easy profits 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 down below this video in the description and in the pinned 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 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 just by making a buit account using that link down below this video making a deposit and claiming the airdrop 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 KY 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 liquidated some of that liquidity that was sitting at around 675,000 but we still have around $2 billion worth of liquidations sitting closer towards around 68,000 and so once again we ideally need to confirm a breakout above 68,000 in order to set up that next move to the upside towards these local highs and with that being said taking a look at etherum on the weekly time frame and right now the price of eth is still holding Above This critical Fibonacci level of support which is sitting at around 2870 approximately and at least for now the price of eth is technically within a shorter term bearish Trend that is within a larger bullish trend on the weekly time frame and obviously this is nothing new for the price of eth we have seen this previously during this very bullish Trend that we’ve been in basically since around mid 2022 but if we’re taking a look at the daily time frame once again we can clearly see that at least for now on The Daily Time frame we’re still technically within this short-term bearish Trend forming lower highs and lower lows at least for now on The Daily time frame and as I’ve been saying over and over again recently here on the channel in order to become more confident that we’re actually flipping into the bullish Direction on the daily chart basically reversing from a short-term bearish Trend into a short-term bullish Trend in order to confirm that bullish scenario we need to see a confirmed breakout ideally Above This previous high and at least Above This resistance and this line of of resistance is currently sitting at around 3220 and this previous high if we’re looking at the candle closes is sitting at around 3270 or if we’re looking at the actual candle wick high that is sitting closer towards 3350 and so once again we ideally need to confirm a breakout above 3350 in order to actually become more confident that the price is reversing back into the bullish Direction here in the shorter term similar to what Bitcoin has been doing over the last 1 to 2 weeks or so and if we’re zooming into just this area on the chart right here on the 8 hour time frame right now the price of eth is still potentially just in this choppy sideways price range in the somewhat shorter term here sitting in between this area of support and this area of resistance first of all this area of support is still sitting in between around 2850 to 2950 and this area of resistance is sitting in between 3.2k to 3250 with more resistance once again at around 3350 but believe it or not you can still 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 quick look at the 4-Hour time frame and right now the price of eth is potentially now playing out a new short-term bearish Divergence because as of right now the price has already confirmed a higher high in the 4-Hour candle closes while the RSI has confirmed a lower high which is technically a bearish Divergence basically the exact opposite of the this previous short-term bullish Divergence and so this basically means the previous short-term bullish Divergence back here is no longer playing out it has already completed as we’ve seen over the last few days and instead due to this new bearish Divergence we’re most likely going to see reduced bullish momentum over the next couple of days as the most likely scenario and what I mean by reduced bullish momentum is basically either choppy sideways press action or potentially a bit more of a pullback as the most like outcomes just in the short term here and in order to invalidate this bearish Divergence would have to see either a new bullish Divergence form or for example a breakout above this line of resistance into some new higher highs in the RSI those signals will help to invalidate this bearish Divergence and if we’re taking a quick look at the price of salana on the 12-hour time frame over the last one day the price has broken out and is now retesting this area of resistance which was previous support sitting in between between around 167 to 172 and so it is quite important that the price holds above this area on the chart because if we see candle closes on the 12-hour chart for example back below around 167 then at least in the imminent short term here that would be a bit of a bearish signal most likely resulting in a continued drop to this level right here sitting at around 160 and that level will be a very important level to hold above if we actually make it back down towards that level because basically if we actually break back below 160 that would invalidate this breakout for this inverse Head and Shoulders pattern but at least for now because that has not currently happened at least for now the breakout for this invers head and shoulders pattern is still active with the active price Target to the upside sitting at around $29 approximately and so from the point of the breakout to that price Target that was potentially around a 30% move to the upside or from where we are right now as I’ve recorded this video to that price Target that’s still around a 23% move to the upside and as for other resistance between now and then we could also find some resistance at around 183 and more resistance at just above $200 and we also have to keep in mind that the 12-hour salana RSI just brushed against overbought territories over the last 1 to 2 days and so there’s no surprise that we’re seeing a little bit of a short-term call off here in the Press of salana to help to reset this RSI because we were starting to get a little bit too overheated just in the short term and so these shortterm pullbacks along the way up are actually healthy for the bullish Trend because when we’re seeing these short-term pullbacks that is helping to reset these price oscillators like the RSI for example giving us more room to the upside later on and once again if you want to trade these moves in the price of any crypto check out those links down below this video to claim those extra bonuses and if you want to actually know how to take these trades 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 WARNING SIGNAL CONFIRMED (My Strategy)!!! Bitcoin News Today & Ethereum Price Prediction!
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Timestamps:
Important Bitcoin Analysis! 0:00
Ethereum Technical Analysis! 9:21
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.
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33 Comments
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1st
1st
First ππ»
Thanks Josh
hi
Josh is tha man !! π
I'm grateful for the opportunity to learn from and be inspired by the brilliant women in this community.πΊ
Thanks Josh! How far do you think BTC will dip? 64K? β€οΈ
ππ
Huhh iran news
You sit made a big mistake
Thanks brochacho. Wish i was where i could use bybit so i could follow you exactly, but is there another way i can short/take advantage of trades in the us? Been watching ya 3yrs now, had i been able to short, id be way up.
GM yo
I Hit 113k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.
Hey Josh, what do you use for creating your thumbnails? They are amazing!!
Great video, I really appreciate the dedication in each video you post. Despite the dip in crypto, I still thank you for the level-headed financial advice. I started crypto investment with $4,345 and since following you for few weeks now, I've gotten $18,539 in my portfolio. Thanks so much Bridget Williams
I am sure that AMSPDNF2 will go 100x just like you said
Bought AMSPDNF2 at 1$, I will keep it until 2025 when it reach 250$
I trust your choice on AMSPDNF2. So much potential π
π Big thanks for the insights into FET and AMSPDNF2. Both seem like solid picks for the future π
Never missed a day
Thatβs why $CRU is bullish a hidden gemβοΈ
$CRU is going -1000x soon
I'll love everyone to take a great look into crust
$cru is the best crypto currency that will change life's tomorrow π
I'll advice everyone to buy $cru and hodl, Crust to going $2 soon
Don't miss out guys
You flip flop too much, this channel..im unfollowing.
The dxy seems to be completing the head of the inverse head and shoulder..btc should be goin down soon…possibly 40k-42k at the lowest
Are you doing the 10x on bybit? Looking to get into leverage trades
We will see tomorrow when Mondays rolls around. This happens on most weekends.
Bro just f ing tell me when lambo likee cmon
Thanks Josh!
Are you looking at RSI
THE EPIC CRASH IS JUST DAYS AWAY! AS BITCOIN HAS PRINTED A GRAVESTONE DOGGIE CANDLE! SO SORRY
BTC can disregard techincals when in a bull, did that in 2020 when it crossed previous ATH… stayed there a few weeks and continued pumping like crazy to 60k. Also, there is one constant… when around 90 on monthly RSI, the end is near. And don't expect crazy price targets of 500k… expect around 100k at most and be happy if there's more after that. If you believe big boys and CEO's of big invesment firms saying targets like 1M this cycle.. you deserve to be their exit liquidity..It's not about guessing the market's next move; it's about playing it smart and steady during trading…managed to grow a nest egg of around 2.3B'tc to a decent 21B'tc in the space of a few months… I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
As a newbie about to invest, you must have these four things in mind
1. Have a long term mindset.
2. Be willing to take risk.
3. Be careful on money usage, if you're not spending to earn back, then stop spending.
4. Never claim to know – Ask questions and it's best you work with a financial advise like brynelute