CAUTION: This Is Getting Dangerous For Bitcoin Bulls! [3 Reasons Why]

On Bitcoin

Changed since their last video: months flipped up to down.

Views

• Next months (next 2–6 months): Leans down (timeframe is our reading): I would love to see something like this, a stronger move towards the downside into whatever region that would be, 40s, 50s. ▶ 22:05

If this, then that

• If daily closes stay above $58,000 to $60,000 while stocks weaken, then no target given (next months): if you are still getting daily closing candles above $58,000 to $60,000 in this yellow box, consider that to be a really good sign that this might actually be some serious reaccumulation ▶ 26:54
• If Bitcoin slips through the $60,000 region, then no target given (next weeks): if you slip through that $60,000 region, you can very quickly drop a whole lot lower. ▶ 18:54
• If BIP 110 passes, then no target given (next months): What if BIP 110 passes? Well, then we are in big trouble. If that passes, things are going to go a whole lot lower. ▶ 21:40

Levels named

• 70.9k: Resistance (key 50% level, confluent with the 21 EMA): Multiple weekly candles above $70,900, which is also your key 50% level. ▶ 21:19
• 58–60k: Support (daily closes holding in the yellow box would signal reaccumulation): if you are still getting daily closing candles above $58,000 to $60,000 in this yellow box, consider that to be a really good sign ▶ 26:54

Their own position: Not said.

On Ethereum

No change since their last video.

No view on any horizon.

If this, then that

• If the NASDAQ comes down hard and takes Bitcoin with it, then no target given (next weeks): if the NASDAQ comes down hard, takes Bitcoin with it, expect a drop over here in Ethereum. ▶ 31:06

Their own position: Not said.