BITCOIN: IT’S HAPPENING AGAIN (Signal Confirmed)!! Bitcoin News Today & Ethereum Price Prediction!

BITCOIN: IT’S HAPPENING AGAIN (Signal Confirmed)!! Bitcoin News Today & Ethereum Price Prediction!

welcome back to the crypto channel of your own my name is Josh and right now Bitcoin is running into critical support while the price is potentially repeating history again in the short term while ethereum is still forming this pattern that we need to pay attention to 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 we need to talk about the bitcoin news today because on Friday we saw another decent size net outflow from from the spot Bitcoin ETFs this time around it was a net outflow of just over $100 million leaving the spot Bitcoin ETFs just on Friday and so once again as I’ve said recently here on the channel when we’re seeing these net outflows from the spot Bitcoin ETFs that’s essentially selling pressure so expect some more bearish price action in the short term and it’s unlikely we’re going to see a lot of bullish price action while we’re seeing these net outflows but of course these net outflows won’t last forever but at least as of right now while they are happening we have been a little bit more bearish as of recent and so overall nothing has really changed over the last one day in the Bitcoin ETFs we’re still seeing those net outflows as I’ve been saying over the last 1 to two weeks but with that being said in case you’re new to all of this the Bitcoin ETFs actually trade on the stock market and the US stock markets closed over the weekend which means there’s no inflows or outflows for the Bitcoin ETFs over the weekend and with that being said taking a look at the Bitcoin charts today and as of right now the B B bands here on the 4-day Bitcoin chart are still squeezing together basically telling us that we’re still building up to a massive volatile move coming sometime soon in the price of Bitcoin historically speaking this signal has usually told us that the volatile move is happening within the next few weeks within the next 2 to 3 weeks or so but as we can see right here this signal has been building for around 1 month or so which basically means an extremely volatile move move is likely coming when we eventually see the expansion of the Ballinger bands with an increase or a spike in the Ballinger bands with indicator which at least for now has not yet started and usually those volatile moves play out over around a week to a couple of weeks and we’re talking about 20 to 30% moves or so on average based on what we’ve seen here in the past and so overall not much has really changed on the 4day time frame over the last one day for the price of Bitcoin and so if we’re taking a look at this daily Bitcoin chart as I said in my last video we’re still seeing that continued bullish movement in the dxy which is bearish for Bitcoin 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 and crypto and vice versa when the dxy is bearish that is almost always bullish for Bitcoin and crypto and so at least for now and once again as I’ve been saying basically every day over the last 1 to two weeks while the dxy is trending in the bullish Direction expect more bearish price action for Bitcoin at least in terms of the shortterm trends here on the daily time frame and staying on the daily time frame taking a look at this daily Bitcoin chart and what we are seeing right now is the price actually running into important support sitting in between around 63,000 to 64,000 and at least as of right now we have found some support we have seen a bit of a bounce from that area and so at least in the imminent short term this is a good sign that Bitcoin is at least for now holding that area as support so if that’s the case if we see a further bounce here the price could potentially just continue chopping around sideways within this sideways price range as I’ve said over the last few days here which has been playing out as expected and this sideways price range in case you’re new to the channel is sitting in between that area of support that I just mentioned and this area of resistance which is sitting in between 60 7,000 to 68,000 approximately and these support and resistance zones are based on previous price action and also the volume profile indicator showing a lot of traded volume around those areas which basically means the price usually stops and stays around those areas when we run into those areas whereas when we see a gap in the volume profile indicator often times in those gaps in the volume profile indicator we see very quick movements in the price of Bitcoin like what we saw just here for example or just here for example quick movements the price doesn’t tend to stay in these gaps in the volume profile indicator very long whereas we usually spend a lot more time struggling around where we have a lot of previously traded volume and so overall once again the shorter term trend on the daily chart here is technically still more bearish than bullish as I’ve been saying for a while now on the channel but at least for now we could still be within this sideways price range during the short-term bearish Trend and like I said in my last few videos if we break below around 63,000 our next important support is sitting at around 60 to 61,000 and below that we have more support at 58,000 and 56,000 based on previous lows in the price of Bitcoin but if we’re zooming into the shorter term looking at the 4-Hour Bitcoin chart what we can now see is a new bullish Divergence which is just recently confirmed because we have just seen a new lower low confirm in the price of Bitcoin in the candle closes here while a new higher low has just confirmed in the 4-Hour Bitcoin RSI and this is very interesting because history is repeating right now we are seeing something very similar to what we saw pretty much exactly one week ago obviously just around a week ago we saw a very similar bullish Divergence confirm here on the 4-Hour time frame and that also confirmed just before the weekend as we’re heading into the previous weekend just like what we’re seeing right now because these areas mapped out on the chart are the weekends and as I’ve been saying here on this channel usually over the weekends on The Saturdays and the Sundays we see much lower volatility as we can clearly see on the chart we tend to see relatively mild price action in the price of Bitcoin over the weekends and then as we enter into the new week on the weekdays that is usually where we see the majority of the volatility and so simply based on what has been playing out time and time again over this weekend over the next 1 to 2 days or so I expect very little volatility we could see very very slight moves up or down but ultimately I don’t necessarily expect a major move up or down over the weekend mostly sideways price action basically a lot less volatility just over the weekend especially now that this bullish Divergence is confirmed and usually a bullish Divergence means we do to see less bearish momentum just for the next couple of days here on the 4-Hour time frame and because we’re technically within a short-term bearish Trend but we now du to see less bearish momentum over the next couple of days usually that plays out in the form of either some choppy sideways price action which over the weekend should not necessarily be large choppy sideways price action relatively mild price action if not a slight bullish relief basically a repeat of what we saw last weekend is what I mostly expect over the next 1 to2 days but once again that’s just the imminent short term just for the next 1 to 2 days and then potentially next week sometime we could see more volatility return and possibly a continuation of that short-term bearish Trend considering at least as of right now we have not yet confirmed any strong bullish reversal here in the price of Bitcoin and if you want to actually trade these moves in Bitcoin or any other crypto personally I take those sort of Trades over on bybit so I’ll make sure to leave a link to bybit 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 buyit 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’ll take you to this page right here where you can claim an exclusive 500 usdt airdrop position and in order to basically claim this free money all you have to do is simply make a buyit account using the link down below this video make a deposit and claim the free airdrop and so if you’re going to be trading crypto anyway you might as well check this out if you want to claim these extra bonuses or if you’re preparing to take the next trade you might as well get set up ready to go over here if you want to claim your extra bonuses right here and this 500 usdt position airdrop by the way is available for Bitcoin ethereum salana and a bunch of other cryptos you can claim this in or for any of the Deion out there there’s also a 200 USD position air drop for a bunch of mem coins right here which I’ll also leave a link to down below this video in fact the second link below this video will take you to this page right here and the first link below this video will take you to the 500 usdt airdrop position 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 bybit but you don’t need kyc 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 with that being said taking a quick look at the Bitcoin liquidation heat map and we can still see a massive amount of liquidity at around 67.3k and 63,000 and obviously this is happening just after we took out that area of liquidity I talked about in my last video just underneath 64,000 and so if we’re looking at what has happened in the past right here usually the price likes to take out a lot of these areas of liquidity like what we saw just here at 66,000 we took out that liquidity and then reversed or we saw this liquidity get taken out right here just yesterday at around 64,000 and so considering that the liquid at around 63,000 is closer to the current price than 67,000 it is more likely that we could take out that liquidity first before eventually taking out that higher liquidity and of course we also have to remember that we’re still technically within more of a short-term bearish Trend here on the daily chart but once again just for the next one to two days over the weekend I expect very similar price action to what we saw last weekend as the most likely scenario just over the next 1 to 2 days and with that being said taking a look at ethereum on The Daily time frame and right now ethereum is still bouncing right at this 38.2% Fibonacci level of support which is sitting at around 3480 give or take and we also have this retracement level acting as support at around 3350 and so ultimately we’re playing out a lot of choppy sideways press action in the short term which is exactly what I’ve been saying over the last half a week to nearly one week now I’ve been saying expect a lot of toy sideways per action in the short term which so far is playing out as expected but ultimately this is occurring within a shortterm bearish trend so for all we know this could just be a bit of a break or pause from that bearish Trend before potentially continuing later on that is a possibility but just in the meantime and especially over the weekend I do continue to expect this relatively neutral price action just in the imminent short term here and part of the reason as to why we’re playing out some choppy sideways price action especially as of recent is due to this bullish Divergence here on the 12-hour time frame which at least as of right now is still active but we still have a lot of resistance in between 3.6k to 3650 based on this Fibonacci area of resistance the golden pocket and so due to the fact that a bullish Divergence is trying to play out but we’re also getting rejections from resistance ultimately that is causing relatively neutral price action or choppy sideways price action just in the shortterm which I continue to expect at least for the weekend and while this price action is playing out as expected we’re continuing to form this pattern right here on the 8 hour time frame which is a bit of a falling wedge pattern because we do have a slightly descending line of support and clearly a descending line of resistance and of course over the last one day I have updated that line of resistance to factor in that very small fake out that we saw just the other day but obviously I was also saying the other day that we still need a break out above 3650 which never actually happens so 3650 is still the important level of resistance to pay attention to and if we’re taking a look at this descending line of resistance that is also sitting at around 3590 so we have that resistance and a lot more resistance at around 3650 and this line of support is currently sitting at around 3410 to 3420 so just above 3.4k and we also have a visible bullish Divergence also playing out here on the 8h hour time frame similar to this 12-hour time frame and if we’re taking a look at salana on the 8 hour time frame technically speaking we still have a bullish Divergence here because at least as of right now we’re still seeing lower lows in the price in the candle closes while the RSI has not yet broken this higher low structure at least for now in The 8 Hour salana RSI and we’re also still holding just above that critical area of support sitting in between 120 to 128 so that is still the support to pay attention to which which so far we have seen a couple of pretty much perfect bounces from and the resistance to pay attention to in the short term is this previous area of support now becoming new resistance in between 140 to 144 and we also have a lot more resistance at around $160 and once again as I’ve been saying over and over again here on the channel the price is clearly trending more bearish than bullish I’ve basically flipped bearish in the short term ever since we broke below 160 that was the point where I flipped much more bearish at least in the short term for salana and ever since then we’ve seen more bearish price action as expected but of course during the short-term bearish Trend we can see very small bounces back to the upside or choppy sideways price action during the bearish trends so at least for now we could see a bit of choppy sideways price action just over the weekend considering I said earlier that is a likely scenario for Bitcoin and ethereum over the weekend based on reduced volatility being a normal thing over the weekend and usually a lot of the crypto market like salana and other altcoins kind of follow along with what Bitcoin and ethereum are doing and also due to the fact that we still have this bullish Divergence and the price is still holding above this area of support due to all of those reasons at least over the weekend we’re likely going to see a little bit of a break from that bearish Trend mostly in the form of some choppy sideways price action over the next 1 to two days or so but ultimately in terms of the short-term Trend and momentum for salana I would only start flipping more bullish again if we first of all at the very least see a breakout back above around 144 and ideally back above 160 in order to be much more confident that we’re actually reversing back into the bullish direction for the short-term Trend and momentum and once again if you 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 trade crypto no matter if the price is bullish bearish or chopping around sideways then make sure to watch the 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: IT’S HAPPENING AGAIN (Signal Confirmed)!! Bitcoin News Today & Ethereum Price Prediction!
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Timestamps:
Bitcoin News Today!! 0:00
Important Bitcoin Analysis! 1:25
Ethereum Technical Analysis! 10:31
Solana Technical Analysis! 13:02

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