BITCOIN: THE CALM BEFORE THE STORM (Get Ready)!! Bitcoin News Today & Ethereum Price Prediction!

BITCOIN: THE CALM BEFORE THE STORM (Get Ready)!! Bitcoin News Today & Ethereum Price Prediction!

welcome back to the good to watch Chanel everyone my name is Josh and right now Bitcoin is bouncing from this critical area of support as the price is moving closer towards potentially a major breakout so I’ll be talking about that in just a moment alongside ethereum which is still holding above this important line of support while salana is also bouncing from this critical line of support in the short term so I’ll be talking about all of that and more later in this video so definitely watch to the end first of all just giving you a quick update on the 3-day Bitcoin chart and as of right now the price of Bitcoin is still technically within a larger bullish Trend forming significant higher lows and higher highs and just giving you another quick recap of this hidden bullish Divergence on the 3-day time frame because I’m still getting a lot of comments on these videos talking about what is a bullish or bearish Divergence and I already explained this a couple of days ago now but just to make it extra clear I brought up an extra chart right here so basically a bullish Divergence is strictly only talking about a Divergence between the lows in the price and a price oscillator like the RSI whereas a bearish Divergence is strictly talking about a Divergence between the highs in the price and a price oscillator like the RSI for example and so in this chart right here the red line is the price oscillator which in this case would be the RSI and the blue line is the price action and so when we have higher highs in the price and lower highs in the RSI that’s a regular bearish Divergence but when we have lower highs in the price and higher highs in the RSI that’s a hidden bearish Divergence once again looking at the highs that is always a bearish Divergence but once again if we’re looking at the lows that is always a bullish Divergence and so when we see lower lows in the price and higher lows in the RSI that’s a regular bullish Divergence or when we have higher Lads in the price and lower lows in the RSI that’s a hidden bullish Divergence and basically regular divergences are much stronger than hidden divergences they usually affect the price much more and often times can result in a trend reversal whereas a hidden Divergence usually plays out as a trend continuation pattern so in this case with a hidden bullish Divergence these usually play out as Trend continuation patterns to the upside like what we saw back here we saw higher lows in the price and lower lows in the RSI which was a hidden bullish Divergence or a trend continuation pattern but an example of a bearish Divergence was right back here we had higher highs in the price and lower highs in the RSI that was an example of a regular bearish Divergence because once again we’re looking at the highs not the lows and that caused a correction in the price and so hopefully that clears things up for anyone that was still wondering what is a bullish or bearish Divergence because even though I’ve explained it recently here on the channel I’ve still been getting a lot of comments asking what is a bullish or bearish Divergence but with that being said taking a look at this daily Bitcoin chart and like I said in my last video the dxy is currently closed for trading so we don’t really have any new major updates in the dxy over the last 1 to2 days but basically in the immediate short term it’s looking relatively neutral at the moment because over the last half a week or so we haven’t really seen a major move to either direction in the dxy but as usual if the dxy is bullish that is often bearish for Bitcoin and crypto and if the dxy is bearish that is often bullish for Bitcoin and crypto and 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 of these important update videos and if we taking a look at this daily Bitcoin chart as of right now the RSI on The Daily time frame is still consolidating Above This previous line of resistance and so at least in the short term the RSI is also looking very neutral as it’s basically chopping around sideways and if we’re taking a look at the momentum in the Market at the moment in the macd as of right now this is basically completely flatlined showing basically almost no momentum at all to either direction and now over the last one day we got extremely close to a bearish cross but once again as of right now we are lacking momentum so we don’t really have a lot of momentum to either direction in the shorter term and so like I’ve already been saying recently here on the channel I would not necessarily expect a major move to either direction just in the imminent short term and instead we’re most likely going to see relatively mild price action or choppy sideways price action as one of the most likely outcomes just for now in the short term because at the moment we are lacking momentum we do not have a strong Trend or momentum to either direction but as always it’s important to understand difference between the different time frames so even though that might be the case right now in the shorter term that is different to the larger Trend at play on the larger time frames and for the Bitcoin holders out there obviously this type of sideways price action with low momentum is quite boring in the short term but believe it or not you can make a lot of easy money in choppy sideways press 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 look at this daily Bitcoin chart and as of right now the price of Bitcoin is actually getting closer towards a potential breakout above this line of resistance which is currently sitting at around 62.7k and so in order to confirm a breakout for this potential massive falling wedge pattern on The Daily time frame we need to see at least a solid daily candle close above that resistance and ideally above a previous High which for example if we’re looking at this High based on the candle closes that is sitting at around 64.2k and so ideally if we start breaking out above around 64,000 to give or take with candle closes above that level then we can start to become much more confident that we’re actually flipping more bullish again in the short term in terms of the short-term Trend and in case you’re wondering the support line for this falling wedge is also sitting at around 575,000 and we also have these areas of support which as of right now the price is currently bouncing from this area sitting in between around 60.5k to 61k acting as strong support as we’ve seen previously and we also have this level of support further to the downside in case we see a break below around 605,000 we have this area sitting in between around 58,000 to 585,000 and we also have this level of support at around 565,000 and so those are the areas of support to pay attention to in the short term but once again in order to become more confident that we’re actually flipping much more bullish again in the short term we need to see a breakout Above This resistance and ideally above a previous high and when it comes to my Bitcoin trading strategy right now as I’ve been saying on the channel since all the way back down here I’ve already scaled into a long position as I actually mentioned on the channel back down here and so once again I’m still currently in that Bitcoin long position which is still a 300K Bitcoin long position with the stop- loss sitting above my entry so the stop loss is sitting in slight profits and I have already taken some profit off the table at some slightly higher prices and so basically in the worst case scenario if the price just dumps right now then I’ve already taken some profits and my stop loss would get me out of the trade automatically in profits and so once again that is the worst case scenario I would still come away with some profits from that trade in that worst case but of course in the best case if we just Bounce from here then obviously i’ would continue to make more profits from this position which also pays out in Bitcoin by the way because it is an inverse Perpetual Swap and so when I mentioned I’m taking profits from this trade I’m not selling Bitcoin I’m taking profits out of the long position which pays out in Bitcoin so I’m actually turning Bitcoin into even more Bitcoin and if you also want to take trades just like this for yourself to make a lot of easy money in crypto then the exchange that I’m trading on right here is buybit so I’ll make sure to leave a link to bybit in the description down below and in the Pinn comments 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 where you can claim an exclusive 200 usdt air drop position just by making a buybit account using that link and 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 buybit or if you cannot KY 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 will also make sure to leave a link to bit flex down below this video as on alternative crypto exchange and if we’re taking a quick look at the Bitcoin liquidation heat map we can still see some liquidity to the downside below the price at around 60.1k so just above $60,000 but as of right now we’re starting to see more and more liquidity build to the upside as more and more people are actually starting to enter new short positions and so we have this initial area of liquidity sitting at around 635,000 to 63.9k and we also have some more liquidity at 64.4 K and 64.9k and also on larger time frames we have billions of dollars of liquidity at around 67 to 675,000 and so basically once we see the price of Bitcoin cross above those higher levels of liquidity that could potentially cause a major short squeeze to the upside considering we’ll be liquidating billions of dollars of shorts positions once the price eventually crosses above those levels but remember at least for now in the shorter term we are lacking momentum to either direction so like I said earlier over and over again I would not be expecting a massive move either up or down because we are simply lacking the momentum in the short term and now obviously at some point in the future that will change but at least for now just in the short term as in talking about the next few days I do not really expect a massive move to either direction because we are simply lacking the momentum and if we’re taking a look at ethereum on The Daily time frame over the last 1 day we’ve actually seen a slight bounce just above this line of support which is sitting at around 2850 and we have this line of resistance for this potential falling wedge pattern sitting at around 3280 and as right now the price is not only finding support at this descending line of resistance we’re also finding support at this 38.2% Fibonacci level of support sitting just underneath 2.9k and like I’ve mentioned recently here on the channel if we see a confirmed break below this support So Below around 2850 to 2.9k with ideally a weekly candle close confirming a break below that level then in that case we could potentially drop down to the next retracement level which is sitting at around 25,000 and Below 2 and a half th000 we have the golden pocket sitting in between 2,000 to 2.1k but obviously at least for now we have not yet confirmed a break below 2.9k at least as of right now and if we zooming into the 12-hour time frame we can see right now the price is still finding some support at this area of support sitting in between 2850 to 2950 but like I said earlier at least in the imminent short term we are lacking momentum and even if we bounce again from this area of support like what we’ve seen previously even in that case the price could still just be within this choppy sideways price range that we’ve seen over the last 1 month or so once again as I’ve been talking about over and over again we’re looking relatively neutral which so far has been playing out as expected but even though to a lot of people this might be very boring price action with the price just kind of trading sideways this choppy sideways price action can make you a lot of easy e profits in crypto this is actually a gold mine in crypto and once again I’ll talk more about that later in the video so stick around to the end and as for resistance in this sideways price range we do have a little bit of resistance at around 3040 to 3050 but above that we have more significant resistance in between 3.2k to 3250 and more resistance at around 3.3k and 3350 and if we’re taking a look at the price of salana also on the 12-hour time frame we can see right now the price is still holding Above This ascending line of support just in the short term which is sitting at around $144 but right now in the short term the price is getting squeezed between this line of support and this area of resistance because we still have this area of resistance sitting in between 150 to 155 with more resistance at 160 and more resistance in between 167 to 172 and so for example if we see another rejection from this area of resistance and actually end up breaking below 144 well in that case the next short-term support should be sitting closer towards 140 and below that we have major support sitting in between 120 to 128 but just like Bitcoin and ethereum in the imminent shortterm the price of salana is lacking momentum which is why we’ve been seeing a lot of choppy sideways price action over the last few days and really over the last 1 month or so and so at least for now in the short term we don’t really have a strong Trend or momentum to either direction which is why the price is basically chopping around sideways but if you still 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 make money from Trading no matter if the price is going up down or chopping around sideways like it is right now 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: THE CALM BEFORE THE STORM (Get Ready)!! Bitcoin News Today & Ethereum Price Prediction!
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Timestamps:
Important Bitcoin Analysis! 0:00
Ethereum Technical Analysis! 10:41
Solana Technical Analysis! 12:55

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*DISCLAIMER*
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