"Black Monday" Fail, BTC charts, Ethereum problem, & Elon Giving Away SpaceX

On Bitcoin

No change since their last video.

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• This cycle (next 6–18 months): Leans up (timeframe is our reading): There is a time to be strategically bearish. I don't think that time is now. ▶ 11:08 Said again while their call of 6 Oct 2026 was open, so it counts once; that call was open until 6 Oct 2027, against 85.6k when said.

If this, then that

• If daily closes below the 50-day EMA, then 76k (next days): Now, if we start losing the 50-day EMA, you know, daily closes below this blue line, yeah, things get a bit dice here then and then we have to start talking about 76K coming probably really, really soon. ▶ 09:31

Levels named

• 90k: Target (short liquidations stacked between current price and 90k): aka there are almost $1 billion worth of shorts to liquidate between here and $90,000 and only around $5.5 billion in longs to liquidate between here and really about $78,000. ▶ 08:25
• 83k: Resistance (price has been suppressed under the 20-day EMA; daily closes above it with decent volume are needed): So, we need daily closes with halfway decent volume over let's say about $83,000. That would be a nice target area. ▶ 08:13
• 78k: Target (long liquidations stacked between current price and 78k): aka there are almost $1 billion worth of shorts to liquidate between here and $90,000 and only around $5.5 billion in longs to liquidate between here and really about $78,000. ▶ 08:25
• 76k: Target (downside if the 50-day EMA is lost on daily closes): Now, if we start losing the 50-day EMA, you know, daily closes below this blue line, yeah, things get a bit dice here then and then we have to start talking about 76K coming probably really, really soon. ▶ 09:31

Their own position: Holding. Ethereum longs still open. Bitcoin long still open. I need to trade some more stocks over here.

On Ethereum

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

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• Next weeks (next 2–6 weeks): Waiting on 2.55k (timeframe is our reading): We need price back about 2550. If we can get all those things to coincide, we're moving to 3K. ▶ 38:31
• Next months (next 2–6 months): Leans up (timeframe is our reading): So, ETH is due for some kind of bigger move. It's been grinding sideways for quite a long time now. It's ready. ▶ 32:30 The call was open until 16 Feb 2027, against 2.42k when said.
• This cycle (next 6–18 months): Leans up (timeframe is our reading): something like Yeah, sure. ETH, four to fivex, sure, whatever. ▶ 58:41 Said again while their call of 13 Oct 2026 was open, so it counts once; that call was open until 13 Oct 2027, against 2.5k when said.

If this, then that

• If price back above 2550 together with RSI signal line breakout and daily MACD bull cross, then 2.8–3k (next weeks): We need price back about 2550. If we can get all those things to coincide, we're moving to 3K. Well, at least 2,800 for another pump and rejection at 2,800, but I'll take that, too. ▶ 38:31

Levels named

• 3k: Target (target if RSI breakout, MACD cross and price over 2550 coincide): We need price back about 2550. If we can get all those things to coincide, we're moving to 3K. ▶ 38:31
• 2.8k: Resistance, expected to turn price back (expects another pump and rejection there): We need price back about 2550. If we can get all those things to coincide, we're moving to 3K. Well, at least 2,800 for another pump and rejection at 2,800, but I'll take that, too. ▶ 38:31
• 2.55k: Resistance (key line for ETH in the short term, combined with RSI and MACD crosses): Very interesting setup right now because we get back over 2550. the line of lines here for ETH in the short term. ▶ 38:18

Their own position: Holding. Ethereum longs still open. Bitcoin long still open. I need to trade some more stocks over here.

Dates named

• BitMine reaching its 5% ETH supply target and stopping purchases, undated: They have about 70,000 approximately Ethereum still to go until they hit the 5% target. At which point Tom Lee has said they're not buying any more Ethereum.