Bitcoin Rejected Again (Is A Bigger Drop Coming?)

On Bitcoin

Changed since their last video: weeks flipped down to up.

Views

• Next days (next 1–7 days): Leans down (timeframe is our reading): but we could be seeing a move down of up to around 2 to 3% into these supports pretty soon ▶ 10:41
• Next weeks (next 2–6 weeks): Leans up: very likely we will see a bit of redness next week and then possible push up in the next following weeks after that ▶ 03:24
• This cycle (next 6–18 months): Leans up (timeframe is our reading): slowly, day by day, loading up the long-term portfolio, right? The best plays in the market right now for the next cycle return. ▶ 01:43

If this, then that

• If Bitcoin is above $66,000 this week, then 70k (next weeks, by next week): We do want to be above $66,000 for a possible push to $70,000 next week, right? ▶ 03:08
• If Bitcoin drops and closes the week around $61,000-$60,000, then no target given (next days, by by the end of the week): If we actually end up dropping and Bitcoin closes around the $61,000, $60,000, we actually see this extend more to the downside with a bigger body full by the end of the week. ▶ 02:08

Levels named

• 70k: Target (possible push target if above 66k): We do want to be above $66,000 for a possible push to $70,000 next week, right? ▶ 03:08
• 66k: Resistance (needs to be above it to turn bullish this week): We do want to be above $66,000 for a possible push to $70,000 next week, right? ▶ 03:08
• 60.7–61.1k: Support (liquidity sitting lower down, zone for bigger size entries): The first one is here at the right under the $61,000 between $60,700 and $61,100. ▶ 07:33
• 59k: Support (second entry zone with stop losses under the previous low): And then the next ones are sitting at the low $59,000 stop losses under the previous low. ▶ 07:38

Their own position: Holding. So, I'm sitting with longs of 58. I'm sitting with longs of 59. And I've got some more money in the market that I'm looking for some more entries.