BITCOIN: I AM SELLING (Here’s Why)!!! Bitcoin News Today & Ethereum Price Prediction!

BITCOIN: I AM SELLING (Here’s Why)!!! Bitcoin News Today & Ethereum Price Prediction!

welcome back to the crypto Channel everyone my name is Josh and right now the latest breakout to the upside just confirmed in the price of Bitcoin but in the immediate shortterm a new bearish signal is playing out right now so in just a moment I’ll be explaining why I just sold in my trading strategy while ethereum is now running into critical support while salana is also retesting and potentially invalidating this breakout so I’ll be talking about all of that and more later in the video so definitely watch to the end first of all just before getting into the Bitcoin charts today taking a look at the bitcoin news today and just on Wednesday we saw a massive net inflow which was one of the reasons as to why Bitcoin had a massive pump on Wednesday because we can see here that on Wednesday the Bitcoin ETFs had a net inflow of over $300 million us and so if we’re taking a look at the numbers so far this week for the US spot Bitcoin ETFs on Monday we saw a net inflow of 66 million which didn’t really have a Major Impact but then on Tuesday we saw a $100 million net inflow approximately into the Bitcoin ETFs which did impact the price of Bitcoin a little bit more we did see a bit of a pump on Tuesday and that of course it was on Wednesday where we saw the massive breakout the massive bullish move just recently was likely due to this massive net inflow coming into the Bitcoin ETFs to buy up a lot of Bitcoin and so for anyone that’s out there that still thinks the Bitcoin ETFs have no impact on the price of Bitcoin this is just even more proof pointing towards the fact that the Bitcoin ETFs do impact the price of Bitcoin if we’re seeing a significant net inflow or net outflow and by significant I mean a net inflow or outflow that’s at least over $100 million so for example this $300 million inflow will impact the price of Bitcoin as we saw on Wednesday but with that being said taking a look at the 3-day Bitcoin chart and as of right now over the last one day not a lot has changed on this chart right here so on the larger time frames the price of Bitcoin is still technically within a larger bullish Trend with this hidden bullish Divergence playing out on the 3-day time frame and so because not much has changed on this chart over the last one day taking a look at the daily Bitcoin chart and as of right now just today we’re seeing a very very Spore bounce in the dxy which is technically a very very small bearish signal just in the immediate short term for Bitcoin But ultimately the dxy is in more of a short-term bearish Trend at the moment which is technically bullish for Bitcoin and crypto in terms of the trend here on the daily time frame but obviously even during these bullish Trends or these larger bullish moves in the market as I’ve been saying time and time again here on the channel we can see short-term dumps and short-term pullbacks here and there even during a larger bullish move and so as I always say it is important to understand the difference between the different time frames on smaller time frames we might be looking more bearish but when we’re zooming out looking at the bigger picture we’re still potentially in the early stages of another major move to the upside when we’re looking at the larger moves and once again a larger bullish move can contain short-term bearish moves and if we’re taking a look at this daily Bitcoin chart as of right now the daily Bitcoin RSI is still technically looking more bullish than bearish as it is breaking out to the upside and forming higher lows and higher highs which is a bullish reversal after what we’ve seen over the last few months and once again if we’re simply taking a look at the last couple of times we saw this happen in the daily Bitcoin RSI previously this has been a major bullish signal for Bitcoin in terms of the larger move or the trend in the price and if we’re taking a look at this daily Bitcoin chart obviously over the last one day we saw that break out to the upside which I talked about in my last video and since my last video we have now confirmed a daily candle close not only above this line of resistance but also Above This previous High confirming a new higher high in place in the price action and so technically speaking this is now a bullish reversal on The Daily time frame because we’ve reversed from lower highs and lower lows into now higher lows and higher highs which by definition is more of a bullish Trend and so once again when we’re talking about the trend or the larger moves in the market as of right now we’re still looking more bullish than bearish but if we’re zooming into the imminent short term just the day-to-day price action the much shter term here on the 2hour time frame right now we have a new bearish Divergence playing out as we speak and if we’re taking a look at the last bearish Divergence on the 2hour Bitcoin chart that actually played out especially from overbought territories in the 2hour Bitcoin RSI that was right back here near the beginning of this month and what came next was indeed a shortterm pullback basically a short-term bearish move that lasted for the next few days or so but ultimately we did continue higher later on with a new higher high and so once again that’s why I say it’s important to understand the difference between the different time frames here in the imminent short term possibly for the next one or two days or so we might play out this bearish Divergence but overall when we’re zooming out that still occurred within this bullish Trend that we’re starting to see form on larger time frames but I explained in my last video that my trading strategy would be actually to take some profits at around 665,000 which we basically perfectly hit at this exact high and one of the reasons as to why I said I’d be taking some profits around 665,000 is because that is sitting just below this high right here acting as resistance and we also have a lot of liquidity at around 67 to 675,000 which big players in the market are going to defend the price going towards that level at least in the short term which is what I said in my last video and so when it comes to my trading strategy right now for the price of Bitcoin as of right now I am still in a long position but I sold part of that position I closed part of that position because just yesterday this was a 300K Bitcoin long position but as you can see right now on the left hand side this is now a 250k Bitcoin long position so essentially I sold 50k worth of bitcoin out of this long position right here but ultimately I did not sell spot Bitcoin because this is an inverse Perpetual position which means when I sell this position or take profits out of this position it actually pays out in Bitcoin and so essentially by longing this move in the price of Bitcoin using an inverse Perpetual swap I’m able to turn some Bitcoin into even more Bitcoin and so that’s the situation on my Bitcoin trading strategy right now once again I’m still currently long on bitcoin I did not close the entire trade but I sold part of the trade I took some profit of the table right around these local Highs at around 665,000 like I said I would in my last video and so from here it’s basically a win-win situation for this position if we dump then I’ve already taken some profits and also my stop loss is sitting in profits but if we continue to pump I still have the rest of the trade open and so of course I’ll continue to profit from a pump if we continue to pump and so if you’ve been watching my videos over the last couple of weeks hopefully you followed along with this trading strategy because I already talked talked about this trading strategy right around these lows just here and I actually added to that position around here which I mentioned publicly here on the channel very transparently and so that dip right there was actually a secondary opportunity to enter into a long position which I actually shared here on the Channel that I was adding to this long position around this dip but for anyone that just found this channel in literally the last one day so basically if you missed this move right here then do not worry there will always be more trading opportunities for example if we actually see a continued pullback in that scenario I may add more to that position at some lower prices which I will share if I do that but that is why it’s important to subscribe to this Channel with notifications turn on so that you don’t miss out on any of these important update videos where I literally share these trading opportunities when I’m taking the opportunities and if you want to take trades just like this for yourself to make a lot of easy profits in crypto make sure to check out this exchange which I’m trading on right now which is bybit so I’ll make sure to leave a link to buybit down below this video in the description and in the PN comment and if you use that link down below this video to make a buybit account and deposit on that account 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 but you can only actually claim this extra bonus and that extra deposit bonus that I just mentioned if you actually use the link down below this video to make a buybit account 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 kic 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 you want extra real time updates throughout the day on my Bitcoin trades I did did actually just post an Instagram story over on my Instagram just yesterday the moment I was taking some profits from this trade right here and so once again if you want to get those extra updates check out my Instagram which I’ll leave a link to down below this video and watch out for impersonators because there’s a lot of impersonators out there so this is my only real Instagram which is the only Instagram that’s actually linked down below this video in the description and in the pinned comment but with that being said taking a look at the Bitcoin liquidation heat map and we can still see a lot of liquidity billions of dollars of liquidity sitting right at around 675 thousand approximately and as I’ve been saying over and over again here on the channel that’s a major price Target to pay attention to I said that’s going to attract the price of Bitcoin towards that level very soon which we’ve exactly seen as expected but like I also warned about in my last video I said because there’s billions of dollars of liquidity billions of dollars of short positions that could get liquidated at that level right there that means there’s going to be big players wanting to defend the price of Bitcoin or stop the price of Bitcoin actually reaching that level at least in the short term and so once again what we are seeing right now is the big players defending that level on the chart we’re seeing a bit of a short-term pullback which is something that I talked about in my last video before this even happens and so once again just in the short term as in potentially over the next couple of days or so we may continue to see a bit of a short-term pullback of some sort But ultimately the trend is starting to look more bullish on the larger time frames here and so in my opinion it’s inevitable that at some point the price will cross above that liquidation level to liquidate all of those short positions but before we see that happen we might end up seeing a bit of a short-term pullback or sideways consolidation first basically this short-term bearish Divergence playing out in the short term and with that being said taking a look at ethereum on the weekly time frame right now the price of eth is running into this critical level of support again which is the 38.2% Fibonacci level of support sitting just underneath 2.9k or more specifically around 2860 to 2870 and as I’ve said over and over again here on the channel That is a critical level of support on the larger time frames because if we actually see a confirmed break below that level then in that case the next major retracement level to the downside is sitting at around 25,000 and if we’re taking a look at the daily time frame right now the price of eth is still technically in a short-term bearish Trend so unlike Bitcoin ethereum has not yet formed any new higher lows or higher highs or broken out from this falling wedge and in case you’re wondering this support line for the falling wedge is sitting at around 2830 and this line of resistance is sitting at around 3220 and so once again at least in the short term the price of eth is trending more bearish than bullish unlike Bitcoin at the moment and if we’re taking a look at the 8 hour time frame right now the price of eth is retracing back into this critical area of support sitting in between 2850 to 2950 and so like I’ve been saying over the last couple of days at least in the somewhat shorter term here the price is actually looking relatively neutral basically chopping around sideways with no real Trend in the imminent short-term here because essentially the price is currently lacking momentum we’re basically in this large our choppy sideways price range at least for now but obviously if we start breaking below this support then we could potentially return to some lower levels as I’ve mentioned recently here on the channel and if we zooming into the imminent shortterm looking at the 4-Hour time frame obviously just over the last one day the price of e played out a bullish relief from this bullish Divergence on the 4-Hour chart and is now basically playing out some more choppy sideways price action and so once again these are the most common outcomes from a bullish Divergence either th a bullish relief or choppy sideways price action basically up and down type of price action and so like I’ve already been saying over the last few days in the imminent short term we’re most likely going to see some choppy sideways price action which has been playing out exactly as expected but if we start breaking below this critical level of support then we could potentially start flipping much more bearish and if we’re taking a look at the price of salana on the 12h hour time frame just over the last one day we did actually see a 12 hour candle close just above this line of resistance which was sitting at around 160 but at the time of recording this video we’re now seeing a pullback in the short term potentially about to invalidate this breakout because basically if we see this candle close back below 160 then that would essentially invalidate the breakout to the upside and invalidate that potential inverse Head and Shoulders pattern and in that case if this short-term pullback continues as for support we do have a little bit of support in this price range based on previous resistance sitting in between 150 to 155 but we have more support in between 141 to 144 and a significant area of support in between 120 to 128 and as for short-term resistance we still have a lot of resistance around here sitting in between around 167 to 172 but like I’ve already been saying just recently here on the channel the price of salana like ethereum at the moment is kind of lacking momentum at least in the short term which is why we’ve been seeing a lot of choppy sideways price action especially over the last 1 month also but if you want to trade these moves in the price of any crypto once again check out those links down below this video to claim those extra bonuses and if you want to actually know how to make profit from crypto know how to trade these moves in the price of crypto no matter if the price is bullish bearish or chopping around sideways like salana at the moment 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 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: I AM SELLING (Here’s Why)!!! Bitcoin News Today & Ethereum Price Prediction!
🔥 *Register on Bybit* 👉 https://bit.ly/200Airdrop 👈 *(Up to $30,000 BONUS!)*
► How To Trade on Bybit (Step by Step Tutorial): https://youtu.be/oIr4rxDb82U

🔥 *SIGNUP TO BITFLEX* 👉 https://bit.ly/BitflexSignup 👈 *(No KYC)*
🤑 Deposit & start trading to Earn Up To *$68,888 in Rewards* 🤑

► Pionex 👉 https://bit.ly/PionexGPT 👈 (10% discount on fees)
🔥 ChatGPT Passive Income Method: https://youtu.be/ckY3o_1XNqI

► SIGNUP TO BITGET 👉 https://bit.ly/BitgetSignup 👈 *($5,000 Bonus)*
🔥 15% OFF Trading Fees + Copy Trading 🔥
► How To Trade on Bitget (Step by Step Tutorial): https://youtu.be/fxAiNcRXrPg

💰 Crypto Trading Course 👉 https://cryptoworldjosh.com 👈

💳 *NEW Bybit Card* 👉 https://bit.ly/BYBITcard 👈 *(Up to 10% Cashback)*

► Bybit Trading Bot 👉 https://bit.ly/BybitTradingBot 👈
► Trading Bot Tutorial Video: https://youtu.be/TzvmikI974E

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬

💬 Follow Me On Social Media:
► Twitter: https://twitter.com/CryptoWorldJosh
► Instagram: https://instagram.com/CryptoWorldJosh
► Backup YouTube channel: https://www.youtube.com/CryptoWorld2nd

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
✅ OTHER CRYPTO PLATFORMS I USE:
► I use CryptoQuant for On-chain Analysis: https://bit.ly/CryptoQuantJosh

► I use TradingView for Technical Analysis: https://bit.ly/TradingViewJosh
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
Timestamps:
Bitcoin News Today!! 0:00
Important Bitcoin Analysis! 1:55
Ethereum Technical Analysis! 11:26
Solana Technical Analysis! 13:52

*Bybit $30,000 Bonus breakdown:
► Up to $30,000 from Deposit Blast off

*Bitget $5,000 Bonus breakdown:
► Up to $5,000 from Deposit Bonus

#Bitcoin​ #BTC #Ethereum​ #ETH​ #CryptoWorld #Solana #SOL #Cryptocurrency​ #Invest​ #Crypto​ #TheFed​ #News​ #marketanalysis​ #entrepreneur​ #business​ #success​ #investment​ #finance​ #bitcoins​ #StockMarket​ #BestCryptocurrency​​

*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.

This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.

This video relates to the following:
bitcoin, btc, bitcoin news, btc news, bitcoin price, btc price, bitcoin news today, bitcoin today, btc news today, btc today, crypto, cryptocurrency, cryptocurrencies, digital currency, digital currencies, crypto world, cryptoworld, cryptowrld, crypto news, cryptocurrency news, altcoins, altcoin news, best altcoin, best altcoins, ethereum, litecoin, bitcoin cash, news, bitcoin breakout, bitcoin price target, bitcoin price prediction, btc price target, btc price prediction, price prediction bitcoin, price prediction btc, ethereum price, eth price, ethereum today, eth today, ethereum price now, eth price now, ethereum news, eth news, ethereum breakout, eth breakout, price prediction 2024, price target 2024, btc target, eth target, bitcoin price breaking out, bitcoin price breakout, ethereum price breakout, ethereum price breaking out now, 2024, end for bitcoin, bitcoin crash, bitcoin price prediction, bitcoin price prediction 2024, bitcoin 2024, bitcoin crash, bitcoin crashed, crash bitcoin, bitcoin dump, bitcoin pump, bitcoin dip, buy the dip, bitcoin bear market, bitcoin bull market, new prediction, new bitcoin price prediction, bitcoin explained, bitcoin analysis, buy bitcoin, bitcoin sell off, bitcoin bottom, ethereum crash, ethereum breakdown, ethereum dip, ethereum crash 2024, buy ethereum, buying ethereum, alt season, altcoin season, altseason, altcoin season 2024, alt season 2024, technical analysis, bitcoin technical analysis, trending cryptocurrency today, crypto predictions today, when will bitcoin crash, ethereum technical analysis, ethereum signal, ethereum merge, bitcoin conference, crypto news, recession, stock market, ethereum merge explained, ethereum merge price prediction, ethereum merge date, ethereum merge news, solana, sol, solana price prediction, solana crypto, solana news today, solana news, solana coin, solana technical analysis, bitcoin etf, bitcoin etf news, bitcoin etf update, bitcoin etf approval, btc etf, blackrock bitcoin etf, bitcoin blackrock etf, will bitcoin etf get approved.

– Crypto World –