$1 BILLION BITCOIN LIQUIDATION CONFIRMED!!!! Bitcoin News Today & Ethereum Price Prediction!

$1 BILLION BITCOIN LIQUIDATION CONFIRMED!!!! Bitcoin News Today & Ethereum Price Prediction!

welcome back to the c channel everyone my name is Josh and right now this massive Bitcoin Buy Signal is still flashing on this chart while the price just liquidated a billion dollars of short positions while the price is also still bouncing from this critical area of support while ethereum is continuing to play out this short-term bullish Divergence 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 taking a look at the 4-day Bitcoin chart and as of right now the price is still in a massive sideways consolidation during the much larger bullish Trend or bull market technically speaking because we would only break down from the larger bullish Trend or the bull market and confirm more of a bearish trend on the larger time frames if we see a confirmed break below 56,000 so breaking below the previous low right here confirming a new significant lower low on the larger time frames which as of right now has not happened which means as of right now we’re technically still Within a larger bullish Trend also known as the bull market and we have seen a time period just like this previously In This Very bull market and that was pretty much exactly one year ago we saw a massive sideways consolidation range and the price simply held above the previous significant low to basically form a very slightly higher low in the price and because the price of Bitcoin was able to hold above that previous significant low in the bullish Trend we were able to continue the bull market later on in the next few months and so for as long as the price can simply hold above 56,000 in the coming months once again not the next few days or weeks in the coming months we’re likely going to see a continuation of the larger bull market for as long as we can simply hold above 56k it’s at that point that would be the invalidation point potentially for the larger bullish Trend and as for the Ballinger Bend indicator and the Ballinger bent with indicator over the last one day nothing really has changed in these indicators we have no new signals in these indicators right here so if you’re new to the channel and you want to know more about these indicators on this time frame then check out my last few videos here on the channel and with that being said taking a look at the 3-day Bitcoin chart and as of right now the 3-day Bitcoin RSI is still trading below 50 so in the lower half of the indicator and as we can see previously over the last 1 to two years or so every time with a 3-day Bitcoin RSI has dropped below 50 usually in those time periods those have proven to be some pretty great buying opportunities for the price of Bitcoin especially for the longer term and so once again this is not a short-term signal because if you took this as just a short-term signal back here for example you would have bought Bitcoin and then we saw a few short-term dumps right here and a lot of sideways price action for actually over a month before we eventually saw a much larger bullish move later on in the next few months and so because of the nature of this signal right here and the time frame that it’s on as I’ve been saying recently here on the the channel and over the last one week or so since this signal started to flash on the 3-day time frame I’ve been saying that I am indeed accumulating Bitcoin just on the spot Market dollar cost averaging into Bitcoin to hold for the longer term and I’ve been saying that since the price was at around $60,000 closer towards the latest local low in the price of Bitcoin and also if we confirm one to two candle closes in the green right here on the 3-day time frame so some 3-day candle closes in the green then we could potentially confirm a new hidden bullish Divergence on the Bitcoin chart with higher lows in the price action and lower lows in the RSI which is a hidden bullish Divergence but once again this still needs to be confirmed with at least one to two green candle closes confirming here on the 3-day time frame and with that being said taking a look at this daily Bitcoin chart and as of right now the dxy is still technically trending in the bullish Direction because we have not yet confirmed a bearish trend reversal at least as of right now in the dxy and so ideally in order to be much more confident we’re actually starting to flip much more bullish again in the short term for the price of Bitcoin in terms of the trend and momentum we ideally need to see a further bearish reversal in the dxy by confirming some lower lows or lower highs for example because as we can see here time and time again when the dxy is trending in the bullish direction that is almost always bearish for Bitcoin but vice versa when the dxy is trending in the bearish direction that is almost always bullish for Bitcoin in terms of the trend and momentum and now it is worth pointing out that there’s some rare occasions where the dxy and the price are trending in the same direction like for example in the second half of September last year we saw the Bitcoin price begin that next short-term bullish Trend while the dxy was still actually heading to the upside just in late September last year and so just keep that in mind from time to time there are some rare occasions where that can happen but more often than not it is very likely that if the dxy is bullish that is very likely to be bearish for Bitcoin like I just said earlier and with that being said taking a look at this daily Bitcoin chart right here and over the last one day we have now seen a continued Bounce from this exact area of support that I’ve been talking about over and over again here on the channel I’ve been saying we have a lot of support in between around 60,000 to 61,000 and over the last one week give or take we’ve seen multiple bounces exactly from that area but even if we were to see a confirmed break with daily candle closes back below $60,000 we also have a massive area of support in between around 565,000 to 58,000 but as I’ve also been saying over and over again just recently here on the channel basically every day since the latest dump to the downside right back here close to a week ago I’ve been saying how it’s extremely likely that just in the imminent shortterm here we’re going to see a bit of a break or a relief from the shortterm bearish trend due to the fact that the RSI entered into oversold territories for the first time in many months on The Daily time frame and also we are running into significant support because both of those factors combined especially the oversold signal here in the daily Bitcoin RSI that was telling us that we du to see some sort of relief or pause from the trend to help to reset the RSI out of those oversold territories and back up towards more neutral levels which over the last one week give or take has been playing out pretty much exactly as expected but I’ve also been saying how this signal by itself is not enough to fully confirm a bullish Trend reversal in the price of Bitcoin so in order to confirm that we need to see a confirmed breakout at least above this area of resistance but ideally breaking out above resistance and also a bearish reversal here in the dxy to be more confident that we’re actually flipping much more bullish again in terms of the short-term Trend and momentum for Bitcoin and with that being said we are now running into this critical area of resistance sitting in between around 63 to 64,000 and so far we have been struggling around this area at least just recently over the last one day give or take and so once again as I’ve been saying for days now on the channel expect a lot of resistance a lot of struggle around that area but even if we see a confirmed breakout back above 64,000 we have a significant area of resistance in between around 67 to 68,000 and more resistance in between 72 to 74,000 and so basically if we confirm daily candle closes back above 64,000 and we hold above that area that would be the point where we can finally start flipping more bullish again in terms of the short-term Trend and momentum but if we want to have a point where we flip a lot more bullish where we can be much more confident that the price is going to likely go a lot higher that would be once we see a confirmed breakout above 68,000 and once again ideally a bearish reversal in the dxy if we see those signals then we can be much more confident that the price is likely heading a lot further in the bullish Direction but until we see those signals we cannot really be very confident that the price is actually confirming a bullish reversal but at least for now even though we have not fully confirmed any bullish Trend reversal here for Bitcoin once again we’re still playing out that slight bullish relief during the bearish trend here in the short term to help to reset the RSI which once again was expected as I’ve been saying basically every day over the last one week give or take and if you want to trade any of these moves in the price of Bitcoin or any other crypto personally I do just about all of my trading over on bybit 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’ll take you to this page right here which is a massive Lucky Draw happening right now over on bit and this is happening just for the next 14 days so it has been extended another two weeks but basically just by trading crypto on bybit using the link down below this video St you get these chances into this Lucky Draw right here where you could potentially win some free Bitcoin or ethereum or usdt or trip to an F1 race or up to $100,000 in prizes 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 kyc for bitflex and so I also make sure to leave a link to bit flex down below this video as an alternative crypto exchange and with that being said zooming into the shorter term looking at the 4-Hour Bitcoin chart and over the weekend to be honest we actually saw more volatility than what I was expecting based on what we’ve seen on previous weekends because usually the price of Bitcoin is very flat very stable over the weekends usually generally speaking we see very low volatility on the weekends but this time around we did see a bit of an outlayer obviously we did have a a little bit more of a volatile move over the weekend so to be honest that was not exactly expected but it did happen but with that being said now that we’re in the new week we’re no longer in the weekend we should be expecting more volatility because usually a lot of the volatile moves in the price of Bitcoin here occur during the week on the weekdays and it is worth pointing out that the 4-Hour Bitcoin RSI just recently brushed against overboard territories and the last time the 4-Hour Bitcoin RSI entered into overboard territories was right back here near the beginning of June so roughly around 1 month ago and as we can see here that was close to a local top in the price of Bitcoin before we actually saw a bit of a pullback and so it’s important to understand that this signal by itself does not necessarily mean we’re about to see a massive crash but usually when the RSI enters into overbought territories it’s telling us that we have limited room to the upside at least in the immediate short term so we’re likely going to reset the RSI a little bit with some choppy sideways price action or possibly a very slight pullback or rejection from this resistance just in the imminent short term is in over the next one day or so but because this is on a smaller time frame relative to the Daily time frame the 4-Hour time frame just here resets the RSI much quicker these moves play out a lot faster compared to larger time frames and so for example if we just see one day or even half a day of just choppy sideways price action or a slight pullback that can quickly reset this 4-Hour RSI giving us more room to the upside later on and with that being said taking a look at the Bitcoin liquidation heat map and as of right now what we’ve just seen over the last one day was the price of Bitcoin take out a lot of liquidity in fact over a billion dollar of liquidity which was sitting right at around 625,000 and first of all it was around 3 days ago I said we had a lot of liquidity to the downside below the price at around 60.3k give or take and so I said back then before we saw that short-term pullback we’re likely going to grab that liquidity at 60.3k before heading in the next Direction and that’s exactly what we saw as expected and ever since we took out that liquidity over the last 1 to 2 days especially in my last video I’ve been saying how it’s extremely likely that the price is going to go up towards around 625,000 to take out that liquidity so I said in my last video that is the next major price Target in the short term for the price of Bitcoin and what we saw since I said that was the price go exactly to that liquidation level in fact a little bit higher than that liquidation level but still struggle around this area of resistance in between 63 to 64,000 exactly as expected and with that being said taking a look at ethereum on The Daily time frame and right now the price of e is still holding above and bouncing from this 50% retracement level acting as support which is sitting at around 3350 and we do have a bit of short-term resistance at around 3480 and more resistance at around 3650 approximately and if we’re zooming into the 12-hour time frame we see right now the price is once again continuing this Bounce from this Fibonacci level at around 3.3k which is also a support level to pay attention to in the short term and also we’re potentially seeing the price attempt to break out Above This short-term resistance at around 3450 and so if we start seeing candle closes confirm on the 12-hour time frame and the daily time frame back Above This resistance and ideally back above around 3480 then in that case we could likely see a return up towards this golden pocket area of resistance in between 3.6k to 3650 and that area of resistance is definitely a significant area of resistance to pay attention to and if we actually see some sort of return back up towards the golden pocket and then a rejection from that golden pocket and then a bounce back up again we could potentially form an inverse header shoulders pattern right here because we do have a potential left Sher and a head so all we need to see now is a rejection back off that golden pocket to form a right shter to potentially form an inverse ters pattern but obviously as of right now that potential pattern that is forming is nowhere near confirmed but what is confirmed and is still actively playing out right now and over the last few days is this bullish Divergence on the 12-hour time frame with lower Lads in the price in the candle closes and higher Lads confirmed in the 12-hour ethereum RSI and so once again as I’ve been saying since almost these local lows right down here so nearly a week now on the channel we’re most likely going to see either a slight bullish relief or just simply some choppy sideways price action as the most likely outcome just in the short term here while this bullish Divergence is now playing out and considering this is still technically active on the chart I continue to expect this bullish Divergence to continue to play out and we could potentially see a continued bullish relief back up towards this Goen pocket and then the price struggle around that area I would not be surprised if we see that type of price action over the coming days and as I’ve also been saying basically every day since this local low around a week ago I’ve been saying basically every day since then how it’s extremely likely we’re going to see a slight bullish relief or some choppy sideways price action due to this signal as well here in The 8 Hour ethereum RSI because close to a week ago now we saw an oversold signal here in The 8 Hour ethereum RSI and looking at the last few times this has happened we saw a bullish relief or at the very least some choppy sideways price action over the next one week give or take but combining with other signals like this bullish Divergence for example it can play out a little bit longer than a week but of course this signal by itself has basically played out exactly as expected over the last one week but once again as I’ve been saying this signal by itself is not necessarily enough to confirm a massive bullish Trend reversal because if that were the case we would have seen a bullish Trend reversal back here but we did not end up seeing that happening and so like I just said in order to confirm a bullish Trend reversal we need to see other signals confirm like for example a confirmed breakout with candle closes back above significant resistance like 3650 but with that being said taking a look at the price of salana on the 12-hour time frame and right now things are finally starting to look a lot more bullish for salana compared to back here for example because first of all back here just a few weeks ago when we started to break below 160 it was at that point where I flipped a lot more bearish and I was telling everyone we’re most likely going to see a lot more bearish price action from this point and that’s exactly what we saw over the next couple of weeks but what we have now just seen over the last couple of days is a clear breakout above significant resistance which was previous significant support in between 140 to 144 and since that breakout we’ve actually retested that area and held that area as new support and anytime where we flip previous resistance into new support that is bullish price structure like what we saw back here but what we also saw back here in the price of salana back in around the middle of May was a few bounces for eventually a lot more bullish price action so for example it’s possible we could see more resistance around these local highs right here like what we saw just back here and so keep in mind as of right now we still have a lot of resistance at around $150 to $151 where we could still struggle at but for as long as we hold above this area right now on the chart once again in between 140 to 144 then like what we saw back here as long as we hold above that area we could likely see a lot more bullish price action potentially returning back up towards 160 or higher prices especially if we break out above 160 which by the way 160 will be significant resistance to pay attention to and so essentially we have now seen some early confirmation signals actually confirming a possible bullish Trend reversal that is right we have flipped previous resistance into new support we’ve just confirmed a new higher low in the shorter term here and so all we really need to see now is ideally just a breakout above around 151 1 and ideally to be much more confident a breakout above 160 but at least just a breakout above 151 that would help further confirm a bullish Trend reversal here in the short-term Trend and momentum for the price of salana and as for other areas of support and resistance for the price of salana other than the areas that I’ve just mentioned we do have a lot of resistance in between around 170 to 175 and more resistance in between 183 to 187 and as for support if we break back 140 for example we have significant support in between around 120 to 128 based on previous support and that’s pretty much exactly where we saw multiple perfect bounces from as I mentioned here on the channel before we even saw those bounces I said we have a lot of buyers in that region that will support the price 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 he 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 prass 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

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Timestamps:
Important Bitcoin Analysis! 0:00
Ethereum Technical Analysis! 12:36
Solana Technical Analysis! 16:03

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*DISCLAIMER*
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