BTC & Crypto: There Is Only One Trade To Take!

On Bitcoin

Changed since their last video: days went from leaning down to expecting down; weeks flipped down to up; cycle flipped up to down.

Views

• Next days (next 1–7 days): Expects down: Anywhere between about $94,000 to $98,000 is incredibly likely to reject in the short to medium term. So in the next couple of days over the next week basically ▶ 19:01
• Next weeks (next 2–6 weeks): Leans up: there is a high probability that you will probably bounce over $100,000 at least in the coming weeks and months ▶ 04:42
• This cycle (next 6–18 months): Leans down (timeframe is our reading): if you want my opinion, I think it is better to treat it as a bear market for the simple fact that you have met the timing cycle end ▶ 05:37

Levels named

• 108k: Resistance (previous lower high in the downtrend): which is your previous lower high at $108,000. So therefore, anything that fails below that is another lower high ▶ 18:22
• 100k: Target (point of maximum psychological tension for bulls and bears): I do think that you will probably see price go over $100,000 again before the end of this year, but that will most likely be a lower high that will get faded. ▶ 07:52
• 94–98k: Resistance, expected to turn price back (middle Bollinger Band lines up with the 50 Fib retracement, combined with low volume): Anywhere between about $94,000 to $98,000 is incredibly likely to reject in the short to medium term. ▶ 19:01
• 83k: Target (liquidations building up on the downside on the weekly heat map): Currently, we got the liquidations at 52 million worth at $83,000 on the weekly time frame. ▶ 09:24

Their own position: Not said.

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): I find it difficult to believe that you are going to clear this 3,200 level without breaking, or not breaking down, but without putting in a higher low and pulling back. ▶ 12:03

If this, then that

• If a risk-off environment, then no target given (next days): if it is a risk-off environment, I would expect that ETH is just going to break through this upward sloping trend line. It is going to continue to move lower ▶ 20:04

Levels named

• 3.2k: Resistance (a lot of overhead resistance; expects a higher low before clearing it): I find it difficult to believe that you are going to clear this 3,200 level without breaking, or not breaking down, but without putting in a higher low and pulling back. ▶ 12:03
• 2.82k: Support (Fibonacci retracement from the confirmed local high, area of 0.382 to 0.5): and then this $2,822 level becomes a good opportunity to possibly allocate into some Ethereum. ▶ 13:11

Their own position: Holding. I am already positioned theoretically into the ETH long over here. Which we are up only like 6-7%.

Dates named

• Another week of ETF outflows expected to help carve out a bottom, undated: I would expect as well another week of ETF outflows which just helps to carve out a bottom very similar to what we saw over here.