THIS CHART JUST REVEALED THE NEXT BITCOIN MOVE!
Bitcoin is at a pivotal point right now but more importantly there’s so much things happening in the background that people are not paying attention to so today guys I am going to show you all of this I am going to show you the charts showing us what the next major Bitcoin move is going to be guys so make sure to stick around from the beginning Until the End welcome back everybody my name is Chris bringing you cryptocurrency videos every day teaching you how to make money in this market if you’re new to the channel then make sure to subscribe and activate the Bell right now so let’s let’s get straight into it and what we can see here guys is that we have seen on the 4H hourly time frame a move actually Above The Orange Box here now you know that this Orange Box is a key point of resistance and the fact that we managed to break through it on the 4H hourly time frame yes we have since gone down and we’re trying to break through it again here but the fact that we uh I would say more or less easily broke through this is a very good sign now if you look at the daily time frame you can see that on the daily we broke through it we actually did manage to close this candle Above The Orange Box as well but look at this red candle the Bulls are trying to keep us Above This Orange Box while the Bears are trying to push us down so there’s a very interesting Thug of War here and um yeah this is going to dictate where the next major trend is going to be if we can go up above this Orange Box that is actually a very very good sign now there’s a couple of other things I want to show you as well first I just I’m just going to mention this trend line right here we’re still some far away from it so this is at $63,000 but if we were some reason are going to have a big pump just know that this very key pivotal orange trend line is going to act as resistance and the previous times when we hit it that is when we saw this big rejection so just wanted to point that out but more importantly the moving averages if you look at the moving averages on The Daily time frame actually on the 4H hourly time frame you can see that we do have a couple of them actually at the uh $59,000 $60,000 uh range but on the daily time frame which is the more significant one you can see that we have the uh 200 day moving average here and this is where we went up and we didn’t manage to break through it so this was definitely acting as resistance and uh it is going to do the same if we come up to this level again so it’s currently at $58,700 so if we come up to this level then expect the Bitcoin price to react to this level for sure so uh going back to something else I want to show you the traditional markets because this is actually looking really really bullish so traditional markets they are opening up today and if we see a continuation towards the upside and I’m going to lean into this little bit more later on in this video why it’s so significant but if traditional markets sees a continuation towards the upside when the Futures Market opens up later on this evening that is a very very very good sign I cannot stress that enough you know that I’ve been saying this for a while already and meanwhile Bitcoin has been trending down and uh I do think it’s only a matter of time guys until you see some extreme moves towards the upside and also on the Lux algo you know Lux algo the most reliable indicator that um that we’ve used essentially on the channel um it hasn’t given us a buy or a bullish signal since May of 2024 but when it gave that to us we actually did pump quite significantly so we pumped like 20% so now I do think we’re very close to getting a new Buy Signal on the look algo so as soon as that happened guys I am going to let you know so make sure to activate the Bell icon on this video to make sure that you get that information as soon as possible also on the dxy this is the dollar Index when the dxy goes up then traditional markets usually goes down and Bitcoin usually goes down but when this goes down then usually Bitcoin and traditional Market goes up so you can see that inverse correlation this actually on the weekly time frame we’ve had a bad week for the uh US dollar Index but look at this we still have some ways off we can still go down another 1% or so until we’re about to reach this potential bounce zone so all in all guys I think that stuff is still looking pretty good and if we are to have another pullback for Bitcoin I am going to accumulate and uh add more to my position but I’m happy with the position I already have as well as you know guys I did enter into a trade it’s currently at a loss making sure I’m adding more margin to make sure I’m not getting liquidated um but I do think eventually this going to turn out to be extremely profitable and uh if we look at what’s happening this week you can see that Jerome Powell and the FED they’re having multiple meetings there’s multiple speeches happening so this is definitely going to impact the prices of the markets as well so let’s keep our eyes on that but this also I’m telling you there’s a lot of things to go in this video guys so Bitcoin mining difficulty has its lowest level since March and uh why is this significant because you know that miners have been operating at a very big loss recently because the price to mine Bitcoin has been so high and with having they get less rewards so they get cut in half so the Bitcoin difficulty has now adjusted so at least they’re getting more money or it’s not as uh unprofitable to mine Bitcoin so this is a good thing it means that the M the selling pressure from the miners are is going to hopefully start to uh not be as relevant anymore moving forward because we know that the miners have been selling and dumping extreme amounts of Bitcoin just to keep their business alive so this is all good everything is going according to plan and also when it comes to the spot ethereum ETFs some of these experts they say that it’s going to start trading as soon as July the 15th so uh the price of ethereum has gone down since the surprise approval so I do think there’s a big value proposition in getting ethereum at this point and I do think that ethereum is going to spark the next leg of the bull market as well due to this ETF so we will see if that’s going to be the case or not we do have on the liquidation map we do have um big short potential short liquidations if we can just clear the 58 to $59,000 area if we can clear this level if Bitcoin can pump then we’re going to take out all of these shorts and we’re going to see a short squeeze and we’re going to have magnificent pumps towards the upside so let’s keep our eyes on that I do have this very interesting fractal what you have here in the bottom and this is a te tective chart what you have at the bottom is the nle which is the net unrealized profit and loss meaning how much of the entire Bitcoin Supply is currently at a profit or at a loss right so what you can see is that there is a significant amount right now that is at a loss sorry that is at um essentially break even well that’s not as important what’s important is to just look at the fractal where we were previously when we saw the same kind of pattern here on the 4-we chart so it’s essentially the monthly so you can see that during this consolidation from 2021 to 2024 we have had this pattern play out and you can see that we have hit this previous all-time high multiple times here and we’ve had this consolidation right here which ironically was the same amount of profits and losses as we’re seeing right now now so look at this consolidation look at the average profit and loss right here then you look at where we are well this is where we’re at right now and where we were in 2014 to 2018 and then you compare it to the profit and loss that we had on the new pool and you can see that it looks very very similar and this was the last thing before the next major runup so this is why I’m telling you I think that we’re not yet there I think we need to see the spot e the ETF launch I do think towards the end of July we’re going to start to slowly see the market pick up again and then we’re going to have some parabolic moves towards the upside I do think that at some point you’re going to have explosive moves so all we need to do right now guys is just prepare for it we need to load our bags and we need to be prepared for it so when I look at the traditional markets and I look at Bitcoin and I look at how underperforming Bitcoin has been doing recently now this is actually a this is the lowest it’s been in 4.5 years meaning the correlation is the lowest since 4 5 years so traditional markets have been doing really well while Bitcoin has been going down now the question is this typically happens sometimes Bitcoin always catches up and I want to ask you do you think that now is different do you think for some reason that now Bitcoin is not going to catch up I don’t think so I do think that Bitcoin is going to catch up and that will be very very glorious and also what some analysts are saying is that the government selling Bitcoin is actually overestimated so $224 billion has flowed into this Market Market since 2023 and government sees Bitcoin contributes about 9 billion to the realized cap so you have so much money flowing into the market and it’s actually bit overblown the fact that even if they were to dump everything yes it’s going to have its impact but more than anything people are just spooked by the fact that they are able to to dump this so this why I think that um yeah Bitcoin is not that in such a bad spot right now I do think that we are going to have some nice things happening for us moving forward and there have been 300 ETFs being launched in 2024 the four most successful are all Bitcoin spot ETFs so I do think that this is going to continue to be the case borring also maybe the ethereum ETF could also be hugely successful now Cardon is having a hard Fork it’s happening in the end of July what’s worth noting here is that the previous hard fork in 2021 Ada surg 30% from $130 to $3 in just one month so we know that the cardono community is Big we know that they are very very active so I’m just going to point this out that uh cordano is going to have this for Care Moving Forward guys that’s what I got for you thank so much for watching this video and I will see you guys in the next one
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36 Comments
Parachutes 🪂 ready. Russia 1917, Weimar Germany 1920s, USA/UK/EU banking crises 2008, USA Gold confiscation 1933 🥇 Silver 1934 🥈
Best to diversify away from fractional reserve banking system into decentralized crypto such as Bitcoin or Łitecoin to spread risk as well as secure your assets 🕺
We'll bounce along this temporary bottom for a bit then resume pumping. We are at disbelief in the market cycle chart.
wat abt ww3 ?
I don't think the stock markets open today on a Sunday dude
($RBN Crypto Price Prediction Possible 50X)
Dude, it takes A LOT MORE MONEY (TRILLIONS) to pump Bitcoin like it pumped in 2017. You do understand this right? This is not 2017. Yeah but Blackrock will convert their entire portfolio into Bitcoin right? Probably not… dude.
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😮great video 😮
Yayaya right 😅😅😅😅
Thanks Chris!
Buy when everyone is fearful — Warren Buffett. Buy low.
We'll see if it's true. I bought all I could in OWNR wallet anyway.
It all depends on FED rates cut wait
Uauuu! I am going to sell my house!
This is the best time to buy Bitcoin Because after this correction Bitcoin will lead towards highest according to its exponential history. Bit-coin needs patience to be coined
Just don't forget to get on good alts like SLCTY and you're going to be chill for this run!
Bitcoin headed to 90% Down
BTC going to 30k sold it all to buy Brett 🚀
Dip buying opportunity in market buy on btse exchange best and safe exchange
It’s goin lower
Hello people. Remember there will always be something that brings BTC down and the analyst will wonder why its happening this way and theres these amazing stories. Bottom line, ETF is already out, countries are now purchasing and selling as well and this is the best that it gets sorta speak from 50k to 70k ish. Doesnt matter whos buying because there are MORE selling to make a profit.
Ethereum will not spark anything, the hype is over. Buy the rumor sell the news. BTC and ETH will sink once ETH EFT is official, just like what happened to BTC.
👍
Buying BTC on BTSE exchange with my debit card was seamless. Perfect for new users and it's on the Play Store…
Assetbasefxt provides a user-friendly platform that is easy to navigate, making it accessible for both beginners and experienced traders alike
Bla bla bla
just got rejected from the 200 day EMA 😧
I love this channel!
does luxalgo give a red sell signal too?
Al
In-depth research is necessary to fully understand $TMANIA's potential.
side way my ass
What do you think sets xAi apart from other projects? It seems to be dominating the discussions lately. 0:04
What I don't understand is, on one hand we are told the stock market will crash and yet on the other we are told ways of investing in the stock market. Oxymoron or paradox? I'm considering investing over $300k, but I'm uncertain about risk mitigation strategies.
If you don't want to watch the video the chart reveals that BTC is headed much lower to 42k once the 51k support is broken
I think bitcoin will crash soon 20% buying level 37600