CAUTION: Is Bitcoin In The Process Of Rejecting? [Do This Now]

On Bitcoin

Changed since their last video: days moved down to waiting.

Views

• Next days (next 1–7 days): Waiting on 76k (timeframe is our reading): You do not want to be breaking and closing candles below that $76,000 region. If you do, there is a good chance that you will come down into the low $70,000s. ▶ 03:30
• This cycle (next 6–18 months): Leans up (timeframe is our reading): we are very close to the timing cycle end. So, give or take, any dips that occur are probably, even in the worst-case scenario, going to be good for dollar-cost averaging into ▶ 05:20

If this, then that

• If Bitcoin breaks and closes candles below the $76,000 region, then 70k (next days): You do not want to be breaking and closing candles below that $76,000 region. If you do, there is a good chance that you will come down into the low $70,000s. ▶ 03:30
• If Bull flag breaks out to the upside, then 97k (next weeks): If you do get the breakout, the measured move for that breakout takes you up to $97,000. ▶ 06:47

Levels named

• 97k: Target (measured move of a bull flag breakout): the measured move for that breakout takes you up to $97,000. That is in play. ▶ 06:47
• 79.9k: Resistance (liquidity building overhead on the daily): the liquidity is starting to build a bit more overhead at almost $25 million worth back up there at $79,900. ▶ 11:00
• 78k: Support ($76 million of liquidity on the weekly scale that bulls want to defend): This was $76 million worth of liquidity at $78,000. And that is the level that bulls are going to want to now start to defend. ▶ 10:42
• 76k: Support (major lows; losing it risks a drop into the low $70,000s): You do not want to be breaking and closing candles below that $76,000 region. If you do, there is a good chance that you will come down into the low $70,000s. ▶ 03:30
• 69.7–72.7k: Support (confluence of the 200 EMA and 200 MA, a high-probability bounce zone): the 200 EMA and the 200 MA, which you can see is situated between $69,700 and $72,700. ▶ 09:22
• 70k: Support (midpoint of the large inefficiency candle, buy the dip territory): you often times come back to fulfill some of this wick, retesting around the midpoint, which would be in that $70,000 region. ▶ 04:40
• 69.7k: Support (50% level that lines up with the golden cross): you have your 50% level at $69,663. ▶ 07:02

Their own position: Not said.

Dates named

• CPI release, undated: it is a very short week with a lot of impact events coming up in the form of the CPI as well, which is going to be on Thursday and Friday.