Can Bitcoin Bulls Run It Up Higher? [My Next Price Target]

On Bitcoin

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

Views

• Next days (next 1–7 days): Leans up: that I think that in the short term the bull's actually still remain in control and you're probably going to do something like this to create a bit of a bull flag ▶ 21:07
• Next weeks (next 2–6 weeks): Leans up (timeframe is our reading): So I'm assigning about a 60% chance now of that follow through to take out that liquidity on the upside at $88,000 based on where these previous tops occurred. ▶ 20:02

If this, then that

• If price starts to close back at $88,000, where the sweep of daily liquidity is targeted, then no target given (next weeks): If price starts to close back over here at $88,000 where we're looking for that sweep into in terms of that daily liquidity, well, it's going to look like this is the major low that occurred last week ▶ 19:12
• If price goes lower than the $68,000 dip level, then no target given (next weeks): the lowest I'd be looking at is $68,000. So, these are the only three levels I'd want to see tagged. Anything that goes lower than that, the whole picture begins to shift ▶ 18:56
• If price hits the orange line at 84,279 and bulls consolidate and hold things up, then 88k (next weeks): at 84,279. Now once you hit that line we need to reassess once again. If you hit that line and you can see bulls consolidate price over here, hold things up, well, that opens up the next move to 88K. ▶ 21:23

Levels named

• 88k: Target (major liquidity draw stacked at previous tops): Remember, we're looking up as high as $88,000 as the major major draw in terms of where the liquidity is going to be stacked, right? ▶ 00:36
• 84.3k: Target (orange line next target, liquidity just below 84k): and the next level that we're going to target is this orange line at 84,279. ▶ 21:21
• 75k: Support (Other): 75K first. Um 72K would be the next level. And then the lowest I'd be looking at is $68,000. ▶ 18:51
• 72k: Support (Other): 75K first. Um 72K would be the next level. And then the lowest I'd be looking at is $68,000. ▶ 18:51
• 68k: Support (lowest dip level; below it the picture shifts to a possible bull trap): 75K first. Um 72K would be the next level. And then the lowest I'd be looking at is $68,000. ▶ 18:51

Their own position: Holding. Uh luckily, we already have our long trade on the table, so we just need to manage that accordingly.

On Ethereum

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

Views

• Next days (next 1–7 days): Leans up (timeframe is our reading): I think ETH probably looks like one of the better trades of the day. So in terms of a trade setup, this is what I'd be looking at. ▶ 30:45

If this, then that

• If ETH holds above the daily anchored VWAP, then no target given (next weeks): If you can hold above this anchored VWAP, you know, of course, you can target much higher back into the range highs because there's so many tests here. ▶ 29:08

Their own position: Not said.