Bitcoins Most Volatile Month Is Here! [But Which Way Will It Break?]

On Bitcoin

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

Views

• Next weeks (next 2–6 weeks): Waiting on a level (timeframe is our reading): we said the break of the next major move is most likely going to occur when you take out the previous month's high or the previous month's low which we marked out at these key levels ▶ 05:43
• This cycle (next 6–18 months): Leans down (timeframe is our reading): I think that you have to face the facts that we've played out three quarters of a bull run and we're more likely than not at the end if not already over. ▶ 39:07

If this, then that

• If Price pushes up, rejects, sweeps the $100,000 level down to about $99,000, then reclaims back above $103,000 (swing failure pattern), then no target given (next weeks): come down into the $100,000 level, specifically sweeping that into like call it $99,000 and whatever, and then reclaiming back above $103,000, that becomes a swing failure pattern at which point you want to go long. ▶ 21:00
• If Price cannot run aggressively higher after a shakeout and reclaim, then no target given (this cycle): And if you can't run with energy off of that kind of a shakeout, reclaim and run aggressively towards the upside. Unfortunately, then you have to genuinely entertain the possibility that the top is in ▶ 09:51
• If November breaks explosively to the upside, then 140–200k (next months): If it is the upside, you're talking about potentially Bitcoin in the $140,000 to $200,000 region, and you probably don't want to miss the next move. ▶ 00:22

Levels named

• 126.3k: Resistance (previous month's high): which we marked out at these key levels which is going to be coming in of course at $126,296 written in blue on the right-hand side and the downside $103,516. ▶ 05:53
• 116.4k: Resistance (reclaiming the lower high and mid-range would form a breakup structure): I would rather see price get above $116,391 and hold there with a rise in volume which may come next week. ▶ 19:53
• 111.6k: Target (liquidity above acts as a draw): which means price could snap up to about $111,633. ▶ 31:36
• 109k: Resistance (50% retracement acting as resistance): it's testing and resisting from the 50% level at $109,000, which is not a good sign. ▶ 19:24
• 107k: Support (previous month's closing and opening lows): Luckily, it didn't close below the orange line at $107,000. ▶ 06:36
• 103.5k: Support (previous month's low): which we marked out at these key levels which is going to be coming in of course at $126,296 written in blue on the right-hand side and the downside $103,516. ▶ 05:53
• 99–100k: Support (key psychological level, possible sweep and swing failure): There is a possibility I could see that you could possibly sweep down into about $99,000, losing that $100,000 key psychological level. ▶ 06:46
• 92–94k: Support (0.618 and 0.65 retracement area): maybe runs all the way into the 0.618 and 65 level which is coming in at like $92,000 to $94,000. ▶ 09:27

Their own position: No position. My positioning is pretty much fully in cash and I'm just taking trades independently.

On Ethereum

No change since their last video.

Views

• Next weeks (next 2–6 weeks): Leans up (timeframe is our reading): And we're looking for a price move up to almost $7,000. We are hoping that bulls can take control. ▶ 42:44

Levels named

• 7k: Target (weekly long trade setup targeting a move up): And we're looking for a price move up to almost $7,000. We are hoping that bulls can take control. ▶ 42:44

Their own position: Bought. It was a buy. I am longing ETH here. I am buying into ETH over here.