A Must Hold Level For Bitcoin And Altcoins (PREPARE)

On Bitcoin

Changed since their last video: days moved up to waiting; weeks went from expecting up to leaning up; months flipped down to up.

Views

• Next days (next 1–7 days): Waiting on 62k: Bitcoin has to hold this level, right? Which is basically this mid $62,000 zone. We want to see it hold today. ▶ 04:20
• Next weeks (next 2–6 weeks): Leans up: then we can start thinking of $69,000 to $70,000. I am still seeing that very much being tested, possibly now in August. ▶ 04:42
• Next months (next 2–6 months): Expects up: Remember, guys, I am incredibly bullish from September, right? ▶ 04:47
• This cycle (next 6–18 months): Leans up (timeframe is our reading): We keep pushing through. Get through the bear market, find the bottoms, and then hit the best bull run of our lives. ▶ 00:59

If this, then that

• If Bitcoin holds the mid $62,000 zone today and over the weekend, then 65k (next days, by over the weekend): mid $62,000 zone. We want to see it hold today. We want to see it hold over the weekend, right? And if so, we are actually looking at a push up from here back up to the $65,000. ▶ 04:25
• If Bitcoin loses the current support zone (short-term bearish), then 60–61.5k (next days): we start losing this over here, and we are looking then for the very important $61,500 and $60,000 as our two big bounce zones. ▶ 05:38
• If Bitcoin moves above $70,000 and turns bullish, then no target given (next months): the difference is we turn bullish above $70,000, right? Very bullish high time frame. ▶ 04:51

Levels named

• 69–70k: Target (Other): then we can start thinking of $69,000 to $70,000. I am still seeing that very much being tested, possibly now in August. ▶ 04:42
• 70k: Resistance (turns bullish above this level): the difference is we turn bullish above $70,000, right? Very bullish high time frame. ▶ 04:51
• 65k: Target (Other): Holding the zone, we want to see a strong push up, and anywhere over the weekend, we could be at $65,000. ▶ 05:22
• 62k: Support (Other): Bitcoin has to hold this level, right? Which is basically this mid $62,000 zone. We want to see it hold today. ▶ 04:20
• 61.5k: Support (big bounce zone if the current support is lost): we start losing this over here, and we are looking then for the very important $61,500 and $60,000 as our two big bounce zones. ▶ 05:38
• 60k: Support (big bounce zone if the current support is lost): we start losing this over here, and we are looking then for the very important $61,500 and $60,000 as our two big bounce zones. ▶ 05:38
• 59k: Support (high time frame stays bullish above it): High time frame, I am still bullish anywhere above the $59,000 zone. ▶ 05:31

Their own position: Holding; would buy at 60–61.5k. I am taking big longs from this area. I am long this zone with tight stops, but this is where I will go bigger

Dates named

• PPI and CPI data releases dampened the market, undated: we obviously had PPI come out and CPI come out. That has put a little bit of a dampener, you know, in the markets.