Bitcoin Must Break This Level - Or Things Get Ugly

On Bitcoin

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

Views

• Next days (next 1–7 days): Leans down: very likely we could see a day or two, or a fast big day, of us actually starting to pull this down. ▶ 05:57
• Next weeks (next 2–6 weeks): Leans up: And from there, I do see us make our way to 70,000 over a week or two. ▶ 07:13

If this, then that

• If Weekly close below 59,000, then no target given (next weeks): we see a weekly close below 59,000. That is quite bearish. That does then open the doors to that area of the late 40,000s if not the early 40,000. ▶ 03:51
• If Pull down to 60,000 area and a higher low bounce, then 70k (next weeks): a pull down to this area of 60,000 and a higher low bounce. And from there, I do see us make our way to 70,000 over a week or two. ▶ 07:08
• If Rejection and no break through 64,000, then no target given (next days, by in the next day): if there is a rejection here and we do not get through 64, we could actually see a nice fat red candle in the next day ▶ 00:21

Levels named

• 65–66k: Resistance (where price stopped last time): the next big wall is sitting at 65-66,000. That is kind of where we stopped the last time. ▶ 03:26
• 63–64k: Resistance (previous closing candle weekly lows): There is also a very clear resistance right now at 63-64,000. These previous closing candle weekly lows. ▶ 03:13
• 62.5k: Support (breakout level that was reclaimed): The key thing was Bitcoin getting above 62,500, and we actually did that. ▶ 09:08
• 60.2–61k: Support (Fibonacci levels with horizontal support, area where host wants to see a higher low): We have this area of 61,000, we also have the area of 60,200, but those are two big levels. ▶ 07:25
• 59k: Their view is wrong past this (weekly close below is bearish): we see a weekly close below 59,000. That is quite bearish. ▶ 03:51
• 58.7k: Their view is wrong past this (stop loss moved up using Fibonacci): I am definitely moving my stops up to the areas of around 58,700 on Bitcoin. ▶ 12:46
• 39–42k: Support (big supports next for Bitcoin): Remember the big supports that are next for Bitcoin are sitting closer to 39 to $42,000. It is not promised. ▶ 03:55

Their own position: Bought. I have loaded up. I am putting in some size back into the market. I am ready to go.

On Ethereum

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

Views

• Next days (next 1–7 days): Leans down (timeframe is our reading): it is possibly here to the mid-1600s to the late 1600s. ▶ 10:59

Levels named

• 1.57k: Their view is wrong past this (stop level for holding the bigger move): if you want to hold for the bigger move, ETH, I am looking at around 1570. ▶ 12:59

Their own position: Bought. As you can see, the ETH buy went really good. It actually hit the TP1 that I set.