Large Divergence: BTC Seller Exhaustion Could Reverse The Trend! [3 Confirmations]

On Bitcoin

Changed since their last video: weeks went from expecting sideways to leaning sideways; cycle went from expecting up to leaning up.

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• Next weeks (next 2–6 weeks): Sideways (timeframe is our reading): But if we are still caught between anger and depression, remember that you might still go through a ranging market for a little bit longer. ▶ 23:56
• This cycle (next 6–18 months): Leans up (timeframe is our reading): But it is something to pay attention to. And we are starting to see that potential low forming within the market. ▶ 02:23

If this, then that

• If Clarity Act gets approved, bringing mass volume into the market, then no target given (next weeks): if it gets approved, that could be the catalyst to bring mass volume into the market to create the breakout of the falling wedge formation, which is very similar to what we saw in the last bear market low. ▶ 02:08
• If Clarity Act gets denied, triggering an FTX-like capitulation, then no target given (next weeks): It could be the catalyst for an FTX-like capitulation if it does get denied. ▶ 02:01
• If Stock market comes down while Bitcoin defends the $60,000 region, a positive sign of Wyckoff accumulation, then no target given (this cycle): if the stock market comes down and Bitcoin can successfully defend the $60,000 region, which right now it is at 65K, that would be a very positive sign ▶ 05:56
• If Volume breaks out, price breaks out and RSI breaks through its downtrend, confirming the bullish divergence, then no target given (next weeks): if the volume does not bleed out, but instead the volume breaks out, and price breaks out, and this RSI smashes through this level, then we are on, right? ▶ 27:03

Levels named

• 74k: Resistance (200 EMA cluster that previously rejected price; validation/invalidation zone): It is around that 74K region. You really want price to break through that level to confirm that anything meaningful is actually taking place and starting to shift the overall market. ▶ 28:13
• 68–71k: Resistance (confluence of daily inverse fair value gap, anchored VWAP, volume point of control, weekly 21 EMA and macro 50% level): So, big resistance overhead between 68 and 71 in the form of the daily inverse fair value gap, ▶ 21:35
• 59–69k: Support (49-day trading range): capped between 59 and $69,000. That is what we said was the trading range over there. ▶ 01:04
• 69k: Resistance (range high where profits should be taken on the long): More profits towards the top. The closer you get to 69K, the more profits you want to take on that trade. ▶ 37:41
• 60k: Support (holding it while stocks fall would signal accumulation): if the stock market comes down and Bitcoin can successfully defend the $60,000 region, which right now it is at 65K, that would be a very positive sign ▶ 05:56
• 52.9k: Target (realized price, which every prior cycle low has reached or gone through): the realized Bitcoin price right now is sitting at 52,900, right? 52,900. Every cycle low for Bitcoin has had a price drop to that level or through that level. ▶ 20:19

Their own position: Holding. remember we did give that long trade over here as well in the Discord from 59,200. So that trade is still on the table

Dates named

• Clarity Act approval or denial, undated: The Clarity Act could be the catalyst. It is coming up very, very, very soon, right?