Why BTC & Crypto Will Capitulate! | How Low Will We Go?

On Bitcoin

Changed since their last video: weeks moved sideways to down.

Views

• Next weeks (next 2–6 weeks): Expects down (timeframe is our reading): Very likely you're going to melt through which means more pain. This moved into that 8% region over here. Probably drops Bitcoin into the 60s if you're lucky. ▶ 24:00
• This cycle (next 6–18 months): Expects down (timeframe is our reading): I believe that you know pretty much this is a bear market and it's playing out just like before. ▶ 43:50

If this, then that

• If Two more candles open and close next to this candle without recovering back above 90,000, confirming the bear flag breakdown, then 61k (next weeks): takes it down to around $61,000. You've got candle closes. You got one full candle close. If you get two more candles that open and close next to this candle and don't immediately recover back above 90,000, ▶ 25:31
• If A spike up to about $88,000 lets you enter a short with the stop just above, then 60–70k (next weeks): If you even get that spike up to about $88,000, you could theoretically on the tick enter a short trade stop loss just above that and then you're looking to rally this down to you know $60 to $70,000. ▶ 29:59

Levels named

• 95–97k: Resistance (volume profile level where the most Bitcoin traded hands, level to reclaim): All coming in at $95,000 between there and about $97,000. That was the level to reclaim the first attempt failed. ▶ 26:07
• 90k: Resistance (bear flag breakdown confirmed if price does not recover above it): and don't immediately recover back above 90,000, unfortunately, that's going to break down. That's going to be your confirmation and down you go. ▶ 25:42
• 85.4k: Support (golden pocket 0.618 to 0.65 retracement tagged): you hit the 0.618 and 65, therefore your golden pocket at $85,400 tagged it. You can see the support forming. ▶ 29:21
• 60–74k: Support, expected to hold (previous highs from April and November 2021, expected to elicit a technical bounce): This is going to be your zone. That's a zone between 60 and $74,000. ▶ 19:16
• 60–69k: Target (extended bull flag target on USDT dominance and bear flag on Bitcoin): It could be anywhere between 60 and $69,000 becomes probable as a target. ▶ 24:20
• 61k: Target (bear flag target): then you have the inverse on Bitcoin which is the bear flag and you can see that takes it down to around $61,000. ▶ 25:27

Their own position: No position. which means I'm fully cashed up as you guys have known for a very long time and I'm only taking independent trades here and there

On Ethereum

No change since their last video.

No view on any horizon.

If this, then that

• If Price closes below the rising trend line and loses the horizontal support area, then no target given (next days): If you start to close below this line, you'll also be losing a strong horizontal area of support and therefore you probably going to breach down to new lows. ▶ 32:51

Levels named

• 3.27k: Resistance (50% level, reclaiming it confirms strength): And your confirmation that you're moving into strength means reclaiming the 50% level, which is the $3,270 zone. That's the level. ▶ 33:14

Their own position: Holding. this is a tiny position relative to my account size, but I'm still going to hold the position over here.

Dates named

• Bank of Japan interest rate decision (expected hike), undated: there is a catalyst for this week. Remember it's the Bank of Japan interest rate decision priced in at a very high probability,