Bitcoin BREAKOUT But We're Not Safe Yet (Watch This Level!)

On Bitcoin

Changed since their last video: days moved up to waiting; months flipped down to up; cycle flipped up to down.

Views

• Next days (next 1–7 days): Waiting on a level: which means that in the next seven days, it is very likely that we will break one of these two trends, right? ▶ 09:33
• Next weeks (next 2–6 weeks): Leans down: it suggests that the market may continue downward for about two weeks, two weeks in which sellers may dominate ▶ 14:21
• Next months (next 2–6 months): Leans up: because I think they will be great entry opportunities for the rest of the year, with a strong uptrend ▶ 14:48
• This cycle (next 6–18 months): Leans down (timeframe is our reading): Is it time to say that we have reached our lowest point? I think we are still far from that period. ▶ 01:36

If this, then that

• If Price breaks through the 71,000-72,000 levels and forms a bullish signal above on a longer timeframe, then no target given (next weeks): start breaking through the 71,000 and 72,000 levels, and then on a longer timeframe, we start to form a bullish signal above this level, which means we are ready to reverse this move completely back to the early 80s. ▶ 08:18
• If Bitcoin fails to break through the barrier it is currently standing at, then no target given (next days, by this week): We need to break through this barrier that we are currently standing at. Otherwise, we could see a rapid collapse this week. ▶ 12:17

Levels named

• 80k: Resistance (charts indicate strong resistance): the charts mainly indicate that the price is facing strong resistance at the 80,000 level, as well as at the 58,000 level. ▶ 01:50
• 78–79k: Resistance (short pressure level): the short pressure level that I was talking about, and it is here, between 78,000 and 79,000. ▶ 07:40
• 78k: Target (liquidity forming upward): There is liquidity forming in an upward direction, specifically at $78,000, which means we are preparing for later. ▶ 14:29
• 71–72k: Resistance (downward trend line; breaking it reverses the move): start breaking through the 71,000 and 72,000 levels, and then on a longer timeframe, we start to form a bullish signal above this level, which means we are ready to reverse this move completely back to the early 80s. ▶ 08:18
• 68.5–69k: Resistance (next target after 65,700): After the 65,700 level, we have a range of 68,500 to 69,000, and then below the 63,000 level we have the 58,000 area here. ▶ 07:30
• 65.7k: Resistance (breakout wall): there is a breakout wall at 65700 and a support level at 63500 ▶ 07:17
• 63.5k: Support (Range high or low): there is a breakout wall at 65700 and a support level at 63500 ▶ 07:17
• 63k: Support (very high liquidity at this level): When scaled down, we find that liquidity is very high at 63,000. ▶ 13:26
• 62k: Target (alternative possibility if 68,000 is not reached): meaning that we will see the price of Bitcoin drop to 62,000 again over the next two days ▶ 11:46
• 58k: Support (area below 63,000): After the 65,700 level, we have a range of 68,500 to 69,000, and then below the 63,000 level we have the 58,000 area here. ▶ 07:30

Their own position: Bought; would buy at 60k. I was accumulating some Bitcoin at the 60,000 level.

On Ethereum

No change since their last video.

No view on any horizon.

Levels named

• 3.85k: Target (expected rise if Bitcoin reaches 68,000): Ethereum is expected to rise slightly to this level if the price of Bitcoin reaches 68,000. We're talking about 3,850, ▶ 16:30

Their own position: Not said.