BITCOIN: Mega Pump OR Mega Trap? [This Happens Next]

On Bitcoin

Changed since their last video: weeks moved up to waiting.

Views

• Next days (next 1–7 days): Leans up (timeframe is our reading): the structure that looks to be holding most true is continuation with higher lows over here that could push price as much as $76,000 ▶ 27:15
• Next weeks (next 2–6 weeks): Waiting on 74k: for things to really shift on the daily, you want to get back above that golden pocket that is at that 74k region. ▶ 25:30

If this, then that

• If weekly candle works its way back down and closes at 66K after rejecting at resistance, then no target given (next weeks): specifically if this candle starts to work its way back down and close, you know, 66K, that is going to be bad. ▶ 33:18
• If if this is the bottom and price rips from here, a flush comes first, then 65k (next months): this is going to be the bottom and price is going to rip from here. You are going to get some kind of a flush at some point that is probably going to bring you back into the mid-60k range, around 65K ▶ 19:16
• If Bollinger band width percentile expands and bulls are in control, then 92k (next months): you can, you can run to 92 if this expands and are in control. ▶ 38:00

Levels named

• 77k: Target (Other): there are targets that are going to be coming into play in like $77,000 region. ▶ 37:54
• 76k: Target (bull flag continuation with higher lows): the structure that looks to be holding most true is continuation with higher lows over here that could push price as much as $76,000 ▶ 27:15
• 74k: Resistance (golden pocket and bearish order block that led to the breakdown): for things to really shift on the daily, you want to get back above that golden pocket that is at that 74k region. ▶ 25:30
• 70–74k: Resistance, expected to turn price back (50% level, golden pocket and top of the Bollinger band percentile on the 5-day): bears should take back control in between these two lines, 70 and 74k. This is your 50% level, your golden pocket, the top of the Bollinger band ▶ 22:12
• 66k: Their view is wrong past this (a weekly close back down there would signal a bull trap): specifically if this candle starts to work its way back down and close, you know, 66K, that is going to be bad. ▶ 33:18

Their own position: Holding. I still have not taken any profits despite the fact that we are in TP2 environment over here

Dates named

• Fed interest rate decision in September, undated: we know that we got a Fed interest rate decision, which is coming up in September.