Bitcoin: The Line in the Sand

On Bitcoin

No change since their last video.

Views

• Next days (next 1–7 days): Waiting on 83k (timeframe is our reading): for me right now, I would like to, you know, let's see what happens here at the 83 thousand mark. ▶ 13:34

If this, then that

• If Bitcoin holds support at 83k, then 90k (next weeks): So it's going to be something like a low in the 90s if it can hold support at 83. ▶ 42:31
• If Bitcoin closes below 83k, at 81 to 82, then no target given (next weeks): But if you close here, right? Below 83, for example, at the level of 81 to 82, then, I think, everything can obviously change, right? ▶ 42:41

Levels named

• 83k: Support (above it the burden of proof stays with the bears): price action essentially says that as long as Bitcoin is above 83k, the burden of proof remains with the bears. ▶ 05:03
• 82.3–82.8k: Support (May high and September local high that bulls would want to defend): If we take the May high, it will be around 82.8, or the September local high, it will be around 82.3. ▶ 02:15

Their own position: Bought. I just started buying in the summer. And because the price went up a lot more than I thought it would, you know,

Dates named

• US midterm elections, after which yields are expected to start falling, undated: then, after the midterm elections, yields will likely start to fall. This is my hypothesis.