Bitcoin Melting Down!! (Act Fast)

On Bitcoin

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

Views

• Next days (next 1–7 days): Expects down: It's very likely we start over the next day or two pushing down to these zones. ▶ 20:00
• Next weeks (next 2–6 weeks): Expects up (timeframe is our reading): which means a temporary bounce at some point, you know, after a flush out is very likely. ▶ 07:33
• Next months (next 2–6 months): Sideways: we need to get through, you know, easily these next 100 days, 90 to 100 days. Then I feel the market is actually ready to restart the cycle and start moving up again ▶ 05:49
• This cycle (next 6–18 months): Leans up (timeframe is our reading): it's no-brainer that once we done with this wave right we are looking at another cycle very much to the highs possibly new highs ▶ 04:53

If this, then that

• If price comes to supports and a bullish RSI divergence appears, then no target given (next weeks): if we see us coming to supports and there's bullish divergence again, the big signs of a strong bounces incoming ▶ 00:47

Levels named

• 90–100k: Target (Other): And once we're on this side of the trend, we start then paying attention to the 90 to 100,000 again, right? ▶ 16:48
• 70–72k: Target (expected size of the bounce from the lows): it is important that Bitcoin from here actually has the solid bounce and you can see the bounce for me is up to the areas of 70 to 72,000 ▶ 16:32
• 66k: Resistance (liquidity building to the upside): as we're dropping again, liquidity is building at 66,000 ▶ 19:15
• 58k: Support (main 618 fib plus horizontal supports and RSI at the bottom): why am I looking at a bounce at 58,000? Let's just quickly go through it again. It's the main Fibonacci, guys. It's a 618 fib ▶ 11:04
• 57k: Their view is wrong past this (stop loss for long limit orders): There's my limit orders with the stop loss at 57. That's the only major longs I'm seeing right now. ▶ 20:17

Their own position: No position; would buy at 58k. But I am still sitting with my limit orders at the low 58,000.