I Don't Want to Be Bearish on Bitcoin. My System Says I Have To.

On Bitcoin

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

Views

• Next days (next 1–7 days): Expects down: the next, you know, week, um, ish, we really do expect this this thing to start going and and more or less taking out that last previous higher low ▶ 06:05 Said again while their call of 10 Aug 2026 was open, so it counts once; that call was a draw: 64.3k when said, 64.2k on 17 Aug 2026 (−0.2%), under the 1% it takes to count.
• Next weeks (next 2–6 weeks): Leans down: So, I really do to entertain the not just possibility, but the probability the the slightly higher probability right now that Bitcoin could have a red August ▶ 02:24 The call was wrong: 63.4k when said, 77.4k on 12 Sep 2026 (+22.0%).
• Next months (next 2–6 months): Leans down (timeframe is our reading): Bitcoin has rejected 64,600 yet again. So, unfortunately, my short-term and medium-term bearish bias must remain. ▶ 00:09 Said again while their call of 30 Jun 2026 was open, so it counts once; that call was wrong: 58.4k when said, 80.6k on 28 Oct 2026 (+38.0%).

If this, then that

• If Bitcoin reclaims the Rev and Ribbons mid band at 64,600, which would make the speaker bullish, then no target given (next weeks): Yes, and Bitcoin could obviously still make me bullish. It just has to reclaim that rev and ribbons midband at 64,600. ▶ 09:53
• If The longer Bitcoin stays below 64,600, the more likely it falls into the middle of the lower band, then 61.8k (next days): The longer that Bitcoin's below that 64,600 number, the more and more likely we are going to see at least into the middle of the lower band one, which is 61,800. ▶ 04:42

Levels named

• 64.6k: Resistance (Rev and Ribbons daily mid band; bearish bias stays while Bitcoin is below it): Yes, and Bitcoin could obviously still make me bullish. It just has to reclaim that rev and ribbons midband at 64,600. ▶ 09:53
• 63k: Target (short-term target that has now been met): It got that quick move down to 63,000 bucks, which was a short-term target for us, which now has been met. ▶ 04:38
• 62.5k: Support, expected to break (previous higher low from late July/early August): we really do expect this this thing to start going and and more or less taking out that last previous higher low from late July/early August at about 62,500 or so. ▶ 06:06
• 61.8k: Target (middle of the lower band one): The longer that Bitcoin's below that 64,600 number, the more and more likely we are going to see at least into the middle of the lower band one, which is 61,800. ▶ 04:42

Their own position: Short, with leverage. I did take a short position as well on futures of 10 Bitcoins at 64,000 bucks or just below

Dates named

• PPI release on 13 Aug 2026: let's go into the early morning ceremonies, and PPIs come in. And what do you know? Zero spot 0% pretty much in alignment with expectations.