CAUTION: Is The Dip Over For Bitcoin & TradFi Markets?

On Bitcoin

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

Views

• Next days (next 1–7 days): Sideways: which means there's a good chance that you're going to go in for a whole lot of chop ▶ 27:10

If this, then that

• If Price sweeps below the red line, then reclaims and front-runs the orders, then no target given (next weeks): you might see price sweep below the red line, reclaim and frontr run all of these orders. ▶ 24:10
• If Price closes back higher to about 85K, so the RSI trends up and breaks its pivot line, then no target given (next weeks): If you start to close back higher, so you get to like 85K, that RSI will trend back up and it has a chance to break this yellow line. ▶ 26:11

Levels named

• 88–89k: Target (possible one more up move from the demand zone before a deeper correction): This low holds. This little yellow box, which is your demand zone, actually holds. Price goes up one more time to about 88 $89,000. ▶ 23:52
• 80k: Support (obvious spot where everybody's stop losses sit, below the candle low): The obvious place which everybody's stop loss is probably going to be placed at is below this candle over here, right? 80,000. ▶ 21:26
• 70–72k: Support (buy-the-dip zone stacked with confluence of range low, mid-range and supporting trend line): So, that kind of a drop into this key area, which would be 70 to $72,000. ▶ 22:55

Their own position: Holding. which we're not by the way I have small allocation on the long side in case this happens

On Ethereum

No change since their last video.

No view on any horizon.

If this, then that

• If ETH deviates the range low, sweeps the stops and reclaims, then no target given (next weeks, by maybe into next week): Maybe you deviate the high and you come back, deviate the low of the range, sweep the stops, reclaim, that becomes a long trade. ▶ 27:35

Their own position: Not said.

Dates named

• Trump–Xi (US–China) meeting, undated: So, if everything goes well with the president of the US and China and things go well over there, we should see continuation of this.