BITCOIN PATTERN BREAKING SOON (Get Ready)!! Bitcoin News Today & Ethereum Price Prediction!

BITCOIN PATTERN BREAKING SOON (Get Ready)!! Bitcoin News Today & Ethereum Price Prediction!

welcome back to the crypto channel of yourone my name is Josh and right now Bitcoin is still struggling around this area of resistance but is now potentially forming a new pattern in the short term that we need to pay attention to while a massive area of liquidity is once again starting to build on this chart so I’ll be talking about that in just a moment alongside ethereum also continuing its breakout to the upside but still running into this short-term resistance while salana is also continuing its breakout to the upside 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 on Tuesday we saw another decent sized net inflow into the spot Bitcoin ETFs and so as we can see right here we saw a net inflow of around 305.7 million us coming into the spot Bitcoin ETFs just on Tuesday and so as I’ve said recently here on the channel if we continue to see this buying pressure coming into the spot Bitcoin ETFs then it’s likely that the bullish price action will continue for Bitcoin if we continue to see these type of net inflows basically every day as we’ve seen over the last one week or so and also in some other bitcoin news today today is actually Bitcoin Pizza day which in case you’re new to all of this exactly 14 years ago today someone actually bought two pizzas for $10,000 Bitcoin which is currently worth around $700 million and this was an important transaction in bitcoin’s history not just because of the amount of Bitcoin that that was but also this was the first ever transaction in bitcoin’s history that was the first transaction for a real world product and so this is essentially when Bitcoin started to become money itself rather than just some random internet coin because once again 14 years ago today it was actually used for the first time ever to buy a real world product and hopefully for that guy right there hopefully those pizzas were some very good pizzas because obviously this is $700 million we’re talking about that he essentially sacrificed to make bitcoin’s history and so the lesson here is it’s better to hold Bitcoin over the long term as a form of money rather than pizzas or US dollars or really anything else because once again Bitcoin scarcity proves itself time and time again as always not Financial advice and with that being said taking a look at the Bitcoin charts today taking a look at the 3-day time frame first of all and right now this hidden bullish Divergence is still playing out in the larger bullish trend on the 3-day time frame and so over the last one day nothing has really changed on this chart right here we’re still looking very bullish on the larger time frames and if we’re taking a look at the daily time frame something similar can be said here on the daily chart but with that being said the dxy is experiencing a slight bounce to the upside at least just here in the short term and so just when we’re talking about the a much shorter term here technically this is a bit of a bearish signal for now in the price of Bitcoin but overall as we’ve seen over the last couple of weeks the dxy has been trending more bearish than bullish which is bullish for Bitcoin as we can see here time and time again and so in order to expect this bullish Trend to continue in the price of Bitcoin we ideally need to see another drop to the downside again sometime soon in the dxy to basically continue that short-term bearish trend in the dxy which once again would be bullish for Bitcoin and crypto and if we’re taking a look at the daily Bitcoin RSI this is also still looking more bullish than bearish as I’ve been saying basically every day over the last couple of weeks so since my last video this chart right here has not really changed all that much which means if you’re new to the channel and you want to know more about this chart right here or any of these other charts then check out my last video here on the channel because since my last video they haven’t really changed all that much and if we’re taking a look at this daily Bitcoin chart obviously we have seen a little bit more of a rejection from this exact area of resistance which by the way this area of resistance is sitting in between around 72 to 74,000 mainly based on these previous highs and once again we saw pretty much a perfect rejection from just about exactly $72,000 which once again is now acting as resistance we should be expecting the price to struggle around that area and as for support just in in case we end up seeing some sort of further rejection or pullback in the price of Bitcoin we should have major support in this price range in between 67 to 68,000 if we actually pull back to that area but essentially in the shorter term the price of Bitcoin is just somewhat stabilizing it’s cooling off a little bit after that extreme bullish price action that we saw over the last one week or so which was mainly a result of a major short squeeze playing out which is also what I talked about before it actually happened but while the price is somewhat stabilizing cooling off in the shorter term if we’re taking a look at just the 1H hour time frame this has zoomed all the way into the short term we do have a potential symmetrical triangle pattern also known as a horizontal triangle pattern with this ascending line of support and a descending line of resistance and as of right now this line of support is sitting at around 69.5k approximately and this line of resistance is currently sitting at around 70.8k approximately and we o have some short-term resistance in this price range right here based on these local highs in between around 71.3k to 71.6k and once again we have a lot of resistance in this price range that I just mentioned earlier but essentially if we see a break below this support or above this resistance that will set up a short-term price target for this pattern right here and speaking about that potential price Target if we see a confirmed breakout above that line of resistance that will set up a bullish price target for that triangle pattern at around 73.4k or on the other hand if we see a break to the downside below that line of support with confirmation then in that case that would set up a bearish price target for that pattern at around 66.9k and so either way we’re looking at potentially around a 3 to 4% move in the price of Bitcoin either above resistance or below support once we actually confirm one of those signals and so basically if we start breaking below these lows right here so ideally below around 69,000 to give or take then we should expect to move down towards this area of support but honestly I would not be surprised if we end up seeing some sort of range bounce price action here for the price of Bitcoin in the shorter term potentially in the coming days maybe even over the next one week or so basically as a bit of a cool off after that extreme bullish price action but remember whatever happens in the short term whether we see a bit more of a pullback or sideways consolidation either way all of this is still currently occurring within a much larger bullish Trend that is still playing out on the larger time frames because as always it’s important to understand the difference between the different time frames so in the short term this can flip between bullish and bearish basically every day but on the larger time frames this has remained bullish for quite some time now and is still looking more bullish than bearish on the larger time frames in terms of the larger trends that is playing out and so when it comes to my Trading strategy since my last video my trading strategy has not changed one bit I’m still currently in this Bitcoin long position which is still currently a 180k Bitcoin long position like I said in my last video and I’ve already secured some profits out of this long position and I have my stop- loss well into profits and so basically in the worst case scenario I’m still making a decent chunk of money from this trade I’ve still secured some profits and the stop loss is in profits but of course in the best case scenario if we continue to see more price action then I would continue to profit from this long position either way so either way at this point it’s basically a win-win trade and obviously I’ve been sharing this trade basically step by step every single day since I entered the trade all the way back down here which I was sharing here on the channel below $60,000 and so if you’re new to the channel this is why it’s important to subscribe to this Channel with notifications turned on so that you don’t miss out on any of these important update videos where I actually share these trading opportunities from time to time when I’m taking these trades to potentially make a lot of easy money and if you also want to take trades just like this then 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 bybit Down Below in the description and in the Pinn 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 $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 page right here where you can claim an exclusive 200 USD airdrop position just by making a buybit account using that link 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 bybit or if you cannot kyc on buybit there is also bitflex which is another crypto exchange similar to bybit but you don’t need kic for bitflex so I will also make sure to leave a link to bitflex down below this video an alternative crypto exchange and if we’re taking a quick look at the Bitcoin liquidation heat map we can see a new area of liquidity is starting to build up in the short term above the current bitcoin price sitting at around 72,000 approximately or more specifically in between around 71.9k to 72.3k and so as of right now we do have a few hundred million worth of liquidity sitting right around 72,000 which means a few $1 million worth of short positions will get liquidated once the price eventually crosses above that area and so that basically means we could expect a continued short squeeze in the price of Bitcoin if we see a breakout above 72,000 but obviously until then those positions will not get liquidated and also keep in mind that this amount of liquidity at around 72,000 is roughly around 10 times less than the area of liquidity that was previously sitting right at around 67 to 68,000 because in between around 67 to 68,000 before we saw this breakout we had billions of dollars of liquidity sitting right at around 67 to 68,000 and so once again when we saw this breakout to the upside that caused a major liquidation a major short squeeze pushing the price much higher and so essentially if we see a breakout above around 72,000 we could see something similar but not necessarily on the same scale and with that being said taking a look at ethereum on the weekly time frame and right now the price of eth is still in a much larger bullish trend on the larger time frames also known as a bull market and so of course on the weekly time frame not much has changed over the last one day so if we’re taking a look at the daily time frame we are also still seeing this breakout to the upside for this bullish falling wedge pattern which means we still have a technical price target for this pattern to the upside sitting just underneath 4.1k or more specifically around 4070 and so from the point of the breakout to that price Target that was potentially around a 26% move to the price Target or even from where we are right now to that price Target that’s still potentially around a 9% move to the upside until we complete this pattern and this price Target would only become invalidated if we invalidate the pattern by seeing a break back below the point of the breakout so basically would would have to break back below roughly around 3.2k and and if we’re taking a look at that 8 hour time frame taking a look at the Fibonacci levels of resistance we are still finding a lot of resistance almost exactly at the 78.6% Fibonacci level which is sitting at around 3820 and so like I said in my last video expect the price to struggle around that level on the chart which so far is playing out as expected just in the short term here and as for short-term support we do have support in this golden pocket which was previous resistance sitting in between around 3.6k to around 3650 and just over the last one day we saw almost a perfect Bounce from around 3650 but in a more bearish scenario if the price actually broke back below around 3.6k then in that case we should find more support at around 3450 and more support at around 3.3k and as for other short-term resistance once again we do have that resistance at 3820 but if we break out above that level then we should see a fairly quick move up towards around 4070 basically this previous High because between this resistance and this High we don’t really have a lot of resistance between those levels and if we’re taking a look at the price of salana on the 80 hour time frame we also still have an active breakout and price target for this pattern right here which is a bullish inverse Head and Shoulders pattern and as always this pattern would only invalidate if we see a break back below the point of of the breakout which is sitting at around $160 and so right now we still have this active bullish price Target in play which is sitting at around $28 to $29 but keep in mind between now and that price Target there are some resistance areas between now and then first of all we do have this area of resistance in between around 182 to 186 and a little bit more resistance at around 188 as we’ve just found recently and based on previous highs in the price of salana we do have a lot of resistance in between $200 and $210 which is where the price is most likely going to struggle at and as for short-term support in case we see a further rejection from this resistance then in that case we should find some support in this price range in between 167 to 172 and below that we have more supports based on previous resistance at around 160 and in a more bearish scenario if we invalidated Breakout by seeing a break below 160 then we should have significant support in this price range in between 140 to 144 and so those are the important areas to pay attention to on the chart but overall we still have an active bullish price Target in play at least for now and once again if you want to trade these moves in the price of any crypto check out the links down below this video to claim these extra bonuses and if you want to actually know how to trade these moves in the price of any 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 PATTERN BREAKING SOON (Get Ready)!! Bitcoin News Today & Ethereum Price Prediction!
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Timestamps:
Bitcoin News Today!! 0:00
Important Bitcoin Analysis! 2:27
Ethereum Technical Analysis! 10:58
Solana Technical Analysis! 13:13

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*DISCLAIMER*
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