Gareth Soloway’s Next Big Crypto Trade & MASSIVE Warning To Bitcoin Investors

On Bitcoin

Guest Gareth Soloway · not counted as Altcoin Daily's view.

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• Next weeks (next 2–6 weeks): Waiting on 82.8k: take out the high right here at around 82,800, then I would start to say, uh-oh, why can't we take out why can't we make a higher high? ▶ 24:27
• Next months (next 2–6 months): Waiting on 76k: So if we break below 76,000, I I would see us pulling back by year end to 66,000 or 65,000. ▶ 24:51
• This cycle (next 6–18 months): Expects up: We're looking at around 160,000 per the next bull cycle. And it could it go through that? Absolutely. But how can I say no to a trend line ▶ 29:50

If this, then that

• If Bitcoin breaks below 76,000, then 65–66k (next months, by by year end): So if we break below 76,000, I I would see us pulling back by year end to 66,000 or 65,000. ▶ 24:51
• If Bitcoin makes a new higher high, then 90k (next months): If we can make a new higher high, I think you got 90,000 written all over you. ▶ 24:57

Levels named

• 160k: Target (trend line that has marked the high of every past cycle): We're looking at around 160,000 per the next bull cycle. And it could it go through that? Absolutely. But how can I say no to a trend line ▶ 29:50
• 90k: Target (upside if a new higher high is made): If we can make a new higher high, I think you got 90,000 written all over you. ▶ 24:57
• 82.8k: Resistance (taking out the prior high would make a higher high of a major pivot): if in the next couple weeks if we can't take out the high right here at around 82,800, then I would start to say, uh-oh, ▶ 24:25
• 76k: Support (level of the big breakout; holding it keeps the bull flag breakout in play): as long as we hold this 76,000 level, notice how we had this big breakout and we hold this, ▶ 24:07
• 66.8k: Support (prior high pivots, expects a lot of buyers): if we get a pullback to 66,800, high pivot, high pivot, there should be a lot of buyers here. ▶ 12:14

Their own position: No position. I basically exited the remainder of it yesterday uh for a small gain like basically a break even just because I don't have a good read on it.