BITCOIN: THIS CHANGES EVERYTHING (Get Ready)!! Bitcoin News Today & Ethereum Price Prediction!

BITCOIN: THIS CHANGES EVERYTHING (Get Ready)!! Bitcoin News Today & Ethereum Price Prediction!

welcome back to the crypto B channel of your own my name is Josh and right now Bitcoin is still playing out this short-term bearish signal while the price is potentially about to repeat history again while ethereum is also still repeating history in the short term and this chart right here could be about to change everything for Bitcoin and ethereum so I’ll be talking about all of that and more later in the video so definitely watch to the end first of all taking a look at the 4-day Bitcoin chart and over the last one day nothing has really changed on this chart so if you want to know more about this chart then check out my last video here on the channel and the same can be said about the 3-day time frame because over the last one day the 3-day Bitcoin RSI is still trading below 50 so this chart has not changed over the last one day so once again if you’re new to this Channel and you have no idea about this chart or this chart right here then check out my last video here on the channel to find out more and if we’re taking a look at this daily Bitcoin chart right here as of right now the dxy is still technically trending to the upside in the bullish direction as at least as of right now it is forming higher lows and higher highs and so as I’ve been saying basically every single day over the last 2 to 3 weeks since the price of Bitcoin was back up towards around 67,000 I’ve been saying this is a bullish trend for the dxy which is bearish for Bitcoin in terms of the short-term Trend and momentum here on the daily time frame because as we can clearly see on this chart right here time and time again when the dxy is trending in the bullish direction that is almost always bearish for Bitcoin at least in terms of the shorter term bearish Trend and vice versa when the dxy is trending in the bearish direction that is very often bullish for Bitcoin and crypto at least in terms of the short-term Trend and momentum and so once again as I’ve been saying over and over again here on the channel the shortterm trend for the price of Bitcoin is technically more bearish than bullish at least for now we have not actually confirmed any bullish Trend reversal for the short-term Trend but also as I’ve been saying over the last few days of course during this short-term bearish Trend we can see small bounces back to the upside here and there and some sideways consolidations here and there during the bearish trend just like how during this previous bullish Trend in the short term we did see some small pullbacks along the way and so like I’ve been saying over the last 3 days now in my last three videos here on the channel since almost this low right here I’ve been saying how it’s very likely that just for the remainder of this week we’re most likely going to see a bit of a break or relief from the short-term bearish Trend so not necessarily confirming a bullish Trend reversal but just for the remainder of this week once again I do expect either some choppy sideways price action basically a sideways consolidation or potentially a slight bounce here in the short term just for the next few days or so and once again I’ve been saying that as what I expect in the short term for the next few days I’ve been saying that over the last 3 days now in my last three videos and over the last 3 days if we’re taking a look at the Bitcoin price that’s literally exactly what we have seen as expected and I continue to expect this price action for at least the rest of this week but once again even though just in the imminent shortterm we are seeing a break or a relief from the bearish trend as expected at least as of right now we have not fully confirmed a bullish Trend reversal so for all we know this could just be a bit of a break or relief before a continuation of the bearish trend later as of right now that is still a possibility but if we do ultimately see the continuation of this bearish trend later on I don’t expect the continuation of the bearish trend until at least sometime next week maybe the week after after we play out a small relief or break from the bearish trend just in the short term here and the reason why I’ve been saying that for the last 3 to 4 days now and has been playing out exactly as expected is due to the fact that we’re running into major support right here in between 60,000 to 61,000 we also saw the daily Bitcoin RSI enter into oversold territories for the first time in months and we also saw a relatively large red candle right here on that latest dump to the downside with a relatively large candle wick to the downside which usually happens around local lows in the price of Bitcoin and so often times when we see a lot of those signals together especially the oversold signal here in the daily Bitcoin RSI that usually means that we’re in for a bit of a sideways consolidation or slight bullish relief over the coming days to help to reset the RSI back out of oversold territories and up towards more neutral levels but while we’re seeing this break from the bearish trend play out just in the short term once again this is helping to reset the RSI but as the RSI resets back up towards higher levels that technically gives us more room to the downside later on and so once again due to that we cannot expect a massive bullish Trend reversal or anything like that based on this signal by itself because as the RSI resets and gives us more room to the downside we could potentially see the continuation of that bearish Trend later on at some point potentially sometime next week as the most likely scenario and as I’ve also mentioned time and time again here on the channel just recently i’ would only start to flip much more bullish again on the price of Bitcoin in terms of the shortterm trend and momentum if we start to see bullish reversal signals actually confirm and what those signals are would be for for example confirming a breakout above strong resistance or seeing a massive bearish Trend reversal here in the dxy but at least as of right now we have not yet confirmed any of these bullish Trend reversal signals for the price of Bitcoin which is why I’ve been saying we have not confirmed the end of the short-term bearish Trend but just for the next few days potentially for the rest of this week we’re most likely going to see a bit of a pause or break from that bearish Trend and the support and resistance areas to look out for here on the daily time frame first of all we still have that area of support which we’ve seen multiple bounces from over the last half a week or so sitting in between around $60,000 to 61,000 but if we start seeing daily candle closes back below $60,000 potentially after this shortterm break from the bearish trend finishes playing out then in that case the next significant area of support is sitting in between around 56,000 to 58,000 or 565,000 to 58,000 more specifically and if we start breaking below around 56,000 below this significant low right here then that would be bad news for the larger time frames for the price of Bitcoin but at least for now that has not yet happened which is why the larger time frames here have not really changed just recently and as for resistance to watch out for here in the short term in case we see a further Bounce from this support we still have this area of resistance in between around 63 to 64,000 and we have a massive level of resistance at around 67 to 68 ,000 and more resistance in between 72 to 74,000 and if we’re zooming further into the short term right here looking at the 4H hour Bitcoin charts what we are seeing at least as of recording this video is a very small move to the downside just before the weekend which if we’re looking at the last few weeks this is what we’ve seen repeat time and time again and so first of all if we’re looking back to around 3 weeks ago we saw a short-term dump in the price of Bitcoin just before the weekend actually started based on the UTC time zone and then during the weekend we saw very flat price action so very low volatility over the weekend and then as the new week began we saw an increase in volatility on the weekdays and then just two weeks ago we saw pretty much the exact same thing a small bearish movement just before the weekend and then very flat price action low volatility over the weekend and then an increase in volatility in the new week and then we saw pretty much the exact same thing happened around a week ago with a short-term move to the downside followed by very flat price action over the weekend very low volatility and then basically as soon as the weekend ended we saw a massive increase in volatility as we entered into the new week and so the only thing that’s different about this time compared to the last two times here is the fact that we do not have a bullish Divergence between the RSI and the price of Bitcoin on the 4-Hour time frame but other than that we’re seeing very similar price action to what we’ve seen all of these previous weeks over the last 3 to four weeks or so and so simply based on the most likely scenario based on what we’ve seen over the last few weeks we’re most likely going to see this slight move to the downside here in the short term just before the weekend followed by very flat price action or neutral price action basically low volatility over the weekend as the most likely scenario and then as we enter into the new week we’re most likely going to see another increase in volatility and this also follows along with what I’ve been saying here on this this daily time frame with choppy sideways price action which is what we’ve been seeing or a slight bullish Bel or bullish relief as the most likely scenario is basically a break from all of that bearish price action just for this week and then potentially next week it is possible that we could continue that short-term bearish Trend later on that is still a possibility and if you want to trade any of 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 down below this video in the descrition and in the pinned comment and if you use that link down below this video to make a buyit account and deposit on that account then you can get up to a $330,000 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 which is currently a massive Lucky Draw happening right now over on byit which is only happening just for the next two days or so and so simply just by trading crypto on buybit using the link down below this video you get these chances for this Lucky Draw where you could win some free Bitcoin or free ethereum or usdt or trip to an F1 race or up to $100,000 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 bit 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 right now the price of Bitcoin is potentially about to take out a lot of liquidity at just above $6,000 more specifically around 60.3k to 60.4k and so just in the imminent short term here keep an eye on that level because there’s a lot of long position liquidations that are sitting right around that level and as for short position liquidations we have a massive amount of liquidity at around 625,000 in fact almost a billion of liquidity right around 62.5k and we also have another area of liquidity in between around 63.7k to 63.9k and a lot of liquidity hundreds of millions if not billions of dollars worth of liquidity at around 65,000 and with that being said taking a look at ethereum on The Daily time frame and right now the price of eth is actually rejecting from this Fibonacci level which was previous support right here and that’s sitting at around 3480 after we just saw pretty much a perfect bounce based on the candle closes from this 50% retracement level sitting at around 3350 acting as support and we also have a significant area of support at this golden pocket right here sitting in between around 3180 to3 to20 and in terms of the short-term Trend and momentum just like Bitcoin and as I’ve been saying recently over the last few weeks the price is still technically trending in the bearish direction in terms of the short-term Trend and momentum here for the price of eth but of course a short-term bearish trend is not 100% only bearish price action in a straight line we can see some short-term bounces and sidewards consolidations here and there during a bearish trend so just for the last few days and potentially over the next few days this is what I’m expecting as the most likely scenario just in the short term during the bearish trend and if we’re taking a look at the 12-hour time frame technically speaking this bullish Divergence is still actively playing out right now because we have not yet yet invalidated these lower lows in the price or in the RSI or the higher lows in the RSI and technically speaking a bullish Divergence usually plays out in the form of either a slight bullish relief or some choppy sideways price action as the most likely scenarios just for the next few days here once again potentially for the remainder of this week but a bullish Divergence by itself is not necessarily enough to fully confirm the end of the short-term bearish Trend and a new bullish reversal it’s not enough to confirm that we need to see more signals like for example confirmed breakouts above key resistance which at least for now we have not yet seen and once again we have just seen a small rejection from this resistance at roughly around 3450 based on previous support and new resistance right here and we also have a significant area of resistance on this 12-hour time frame at the golden pocket area of resistance in between 3.6k to 3650 which we have previously seen multiple rejections from and we also have a lot of support right here at around 3.3k so those are the short-term support and resistance levels to pay attention to and if we’re zooming further into the short term looking at the 8h hour time frame technically speaking the price is still playing out a slight relief from that short-term bearish Trend as I’ve said over the last few days once again the 8h hour ethereum RSI just briefly entered into oversold territories and if we’re looking at the last few times this has happened this pretty much always happen right around some sort of local low in the price of e not necessarily the bottom of the short-term bearish Trends but just some sort of local low before we’re due to see a bit of a bounce or sideways consolidation of some sort before potentially we could see the continuation of the bearish trend later on and so not much has really changed over the last few days we are still seeing the price pretty much perfectly play out the expectation that I’ve been saying here on the channel over the last few days and so I’m basically repeating myself because the price is continuing to play out what I’ve already been expecting but if we’re taking a look at the eth BTC chart on the weekly time frame this is ethereum versus Bitcoin which if you’re new to the channel if this chart is going to the downside it means Bitcoin is doing better than ethereum so ethereum is doing worse but if this chart is going to the upside it means ethereum is outperforming Bitcoin and this is not Financial advice but technically speaking what this would actually mean in practice is for example if you’re bearish on this chart it would be more worthwhile to hold Bitcoin over ethereum but if you’re bullish on this chart it would be more worthwhile to hold ethereum over Bitcoin considering in that case ethereum would be performing better against the US dollar compared to bitcoin performing against the US dollar and if we’re looking at the last couple of years on this chart we can clearly see that Bitcoin has been massively outperforming ethereum over the last couple of years even though we have seen some shortterm bounces here and there once again during a larger bearish Trend we can see shortterm bounces here and there and during those bounces those are short shortterm time periods where we see ethereum outperform Bitcoin but overall over the last couple of years we have seen Bitcoin massively outperform ethereum but in order for that Trend to change we need to see a confirmed breakout above this massive descending line of resistance which we have seen multiple rejections from time and time again over a couple of years now and what we are seeing right now is a retest we’re actually testing this line of resistance as we speak and this is sitting right at around 0. 056 Bitcoin per ethereum and if we end up seeing a weekly candle close confirming the breakout above this line of resistance so a weekly candle close Above This resistance and ideally above a previous High to set a new higher high in place on the chart which would be the initial confirmation signal to basically confirm the end of this bearish trend if we see those breakout confirmation signals like candle closes above resistance once again then that could change everything everything that we’ve seen for the last couple of years for Bitcoin and ethereum because once again for the last couple of years it’s been very normal for Bitcoin to simply just outperform etherium on most days over the last few years but if we now confirm this breakout on this attempt after many failed attempts that could change this direction of this chart basically meaning that ethereum could finally start significantly outperforming Bitcoin on the longer term Trend if we break out right here and technically speaking we still have a massive bullish Divergence on this weekly time frame which is still active and this could be helping the price but ultimately we have to confirm a breakout Above This resistance and ideally above a previous High to fully confirm some sort of trend reversal on this weekly time frame and if we’re taking a quick look at the price of salana on the 12-hour time frame what we have just seen over the last one day is that confirmed breakout above this area of resistance which was previous support sitting in between around 140 to 144 because technically speaking we’ve now seen a couple of 12-hour candle closes and actually a daily candle close above 144 but what we are clearly seeing right now at least at the time of recording this video is a retest of this area and basically if we fail to hold this area now as new support so if we see candle closes on the 12-hour time frame or daily time frame back below 140 then that would invalidate this breakout and so essentially this would just be a fake out if we see candle closes back below 140 and so right now it’s is actually very important for the Bulls out there for the salana Bulls to actually hold above 140 and flip that into new supports because if that happens if we can now hold this area and bounce from this area that would be extremely bullish price structure anytime where we flip previous resistance into new support usually that ends in a lot more bullish price action if we can now simply hold this area on the chart and so this is really a make or break moment right now at least in the shorter term for the price of salana because if over the next few days we can actually hold above 140 and flip that into new support and start bouncing from that area honestly in the coming week or so we could likely see a move back up towards around 160 if we can simply hold this as new support but on the other hand if we fail to hold this as support right now and we actually see candle closes back below 140 then we could likely in the coming week or so see a move back down towards around 128 to 120 as the next significant area of support and so of course right now while we’re in the middle of the retest it’s too early to tell we’re simply waiting for the confirmation signal of either confirmed bounce or confirmed break below 140 and so either way I’ve given you the most likely scenario in either situation so we can set up and prepare a potential trade or trading strategy here in the short term using that information but at least for now it is too early to tell whether or not this retest will succeed or fail so we’re simply just waiting for that confirmation signal which will likely confirm in the the coming 1 to two days and some beginners out there might think that that is just saying well the price could either go up or down but for the Traders out there we can make money no matter what direction the price goes no matter if it goes up or down we can make money and so as always this is not personal financial advice but just an example a real world example of this would be for example if we see a confirmed candle close back below 140 that could be a possible signal to enter a short position because we failed the breakout and we could return to some lower price and so we would be waiting for that signal which might not confirm but if it does confirm then we could take advantage of that opportunity or if that signal does not end up confirming and we actually see a bounce from this area and hold from this area then once the bullish signal confirms if we see that confirm then we can take that opportunity to trade the move towards the bullish price Target so we’re just waiting for the signal to confirm in either direction and we can make money in either direction we don’t need to know the direction right now we just need to know the plan in place and wait for the signal to confirm and once again if you want to trade any of 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 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 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: THIS CHANGES EVERYTHING (Get Ready)!! Bitcoin News Today & Ethereum Price Prediction!
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Timestamps:
Important Bitcoin Analysis! 0:00
Ethereum Technical Analysis! 11:17
Solana Technical Analysis! 17:14

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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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