Bitcoin Warning: This Could Get Very Ugly! [How Much Lower?]

On Bitcoin

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

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• Next days (next 1–7 days): Leans down: you can see it can possibly be you know a rough ride for a couple more days into about day 240 where you get a little bit of a pause ▶ 06:36
• This cycle (next 6–18 months): Leans down (timeframe is our reading): But the base case would remain that you're probably going to play out just like the price cycles where we should see a low forming at part of our target level, ▶ 10:04

If this, then that

• If Break and hold below the stop and reversal indicators in the mid-60k range, then no target given (this cycle): Break and hold below there and then you're going to accelerate towards the downside to finish off the bear market. ▶ 11:15

Levels named

• 70k: Support (possible higher low in the low 70k region): is it going to be a higher low around this low $70,000 region or we going to see the bear flag breakdown ▶ 00:47
• 40–50k: Support (possible support zone if the cycle is less bearish): but it's basically between 28 and $38,000. If it's a less bearish cycle, then sure, maybe you find support in the 40 to 50k region ▶ 10:17
• 28–38k: Target (bear market cycle low expected per price cycles and timing): but it's basically between 28 and $38,000. If it's a less bearish cycle, then sure, maybe you find support in the 40 to 50k region ▶ 10:17

Their own position: Short. We have the Bitcoin short trade almost $20,000 up in profits.

Dates named

• US strikes on Iran / Middle East tensions, undated: And that's according to the Wall Street Journal. And that's part of the reason why, of course, we've seen prices come towards the downside.