crypto🚨Chips Are Down 24%. The Rest of the Market Isn't. This Is a Rotation
As of . Updated hourly as new videos are read.
BTC near publication: $63,4524-hour candle close · 17 Jul 2026, 16:00 UTC · BTC/USDT
On Bitcoin
Changed since their last video: days flipped up to down; cycle flipped down to up.
Views
- Next days (next 1–7 days): Leans down:
you're probably going to see a pullback first to about 60,000 bucks, and then I would expect a rally to emerge from there.
▶ 24:44 Said again while their call of 13 Jul 2026 was open, so it counts once; that call was wrong: 62.6k when said, 65.6k on 20 Jul 2026 (+4.8%). - Next weeks (next 2–6 weeks): Leans up (timeframe is our reading):
you're probably going to see a pullback first to about 60,000 bucks, and then I would expect a rally to emerge from there.
▶ 24:44 Said again while their call of 16 Jul 2026 was open, so it counts once; that call was wrong: 64.8k when said, 63k on 15 Aug 2026 (−2.6%). - This cycle (next 6–18 months): Leans up (timeframe is our reading):
and then this really starts to take on the shape of of a potential macro low for me.
▶ 20:47 Said again while their call of 8 Oct 2025 was open, so it counts once; that call was wrong: 122.9k when said, 82.5k on 8 Oct 2026 (−32.9%).
If this, then that
- If daily close below 62,400 on CME, then no target given (next weeks):
I'm just saying that if and when we do get that actionable signal of closing below very specifically 62,400 now no longer 62200
▶ 11:20 - If trade above this week's high at 65500 (wick basis) next week, then 68–70k (next weeks):
or 65500 for Bitcoin spot price action. At that point, you're probably looking at a nice move over to honestly I think Bitcoin gets to like 68 69 maybe 70,000 bucks at that point.
▶ 20:28
Levels named
- 65.5k: Resistance (this week's high, breakout level on a wick basis):
And that's effectively just this week's high 3714 for IBIT or 65500 for Bitcoin spot price action.
▶ 20:26 - 64.4k: Resistance (upper edge of the Reverend Ribbons range):
You know, basically below about 64400 to the upside versus about 62400 to the downside. Ain't nothing doing there.
▶ 18:19 - 62.4k: Support (Reverend Ribbons midband, daily closing bearish pivot):
You know, basically below about 64400 to the upside versus about 62400 to the downside. Ain't nothing doing there.
▶ 18:19 - 61.9k: Support (Monday's low, the only wick that matters):
of course, still the wick basis uh pertains to the downside from Monday's low, which is 61,900 or so.
▶ 18:56 - 60k: Support (floor of the current formation, a flash crash there would be an opportunity):
I do think that if Bitcoin has a flash crash down a few thousand bucks to 60,000 bucks, especially if it was like early next week, probably an opportunity
▶ 19:36
Their own position: Short. What I did is I shorted a call. I shorted many calls actually. um at 66,000 bucks for the end of this month for Bitcoin here.