Bitcoin Rejection Is Warning That A Big Drop Is Incoming (Prepare)

On Bitcoin

Changed since their last video: days flipped up to down; weeks flipped down to up.

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• Next days (next 1–7 days): Leans down (timeframe is our reading): if I kind of look at the the tools, I'm still looking around 60 to 65% that we are looking for possibly new lows, right? Or at least a sweep of 60,000. ▶ 11:58
• Next weeks (next 2–6 weeks): Leans up (timeframe is our reading): And remember, when we do see a possible drop here, I am quite bullish from this level. And I do see a fast buy up to go capture that liquidity that's sitting up over here. ▶ 12:41

If this, then that

• If daily close above 64,500 would shift the market toward a real bounce, then no target given (next days): Which means that for me daily closes above the 64,500 is something that I'm looking for. ▶ 09:06
• If close outside the trend line on a daily close leads to a push up to 70,000, then 70k (next weeks): Therefore, we start to close outside of this trend here, right? A daily close over here. We could very much be seeing a push up to 70,000. ▶ 05:38
• If no bull response within the next three to four days leads to another push to the downside, then no target given (next days, by within the next three to four days): If we don't have a bull response within the next three to four days, it is very likely we're going to see another push to the downside. ▶ 00:51

Levels named

• 72k: Resistance (above it things turn bullish on the high time frame): and then anything above 72 things turn quite bullish on the high time frame. ▶ 05:49
• 70k: Target (short squeeze levels sit up there): Therefore, we start to close outside of this trend here, right? A daily close over here. We could very much be seeing a push up to 70,000. ▶ 05:38
• 69k: Resistance (next level of control of the bears): And in this area, I got 69,000 as my next level of control of the bears. ▶ 05:43
• 64.5k: Resistance (lower time frame closes could be a trap because of liquidity; wants a daily close above): Which means that for me daily closes above the 64,500 is something that I'm looking for. ▶ 09:06
• 64k: Resistance, expected to turn price back (liquidity above was wiped and price keeps rejecting here): So we keep rejecting 64,000. Now when I look at the liquidity, it looks like we've wiped a lot of the liquidity ▶ 00:00
• 62k: Target (big liquidity pool sitting below): there's a big pool sitting here at 62,000 and then look at this starting to build up over here at the low 60,000 ▶ 07:01
• 60k: Target (possible new lows or at least a sweep of 60,000): if I kind of look at the the tools, I'm still looking around 60 to 65% that we are looking for possibly new lows, right? Or at least a sweep of 60,000. ▶ 11:58
• 57–58k: Support (weekly Fibonacci 0.618 not yet tested): this has still not been tested right we've come down to 59,000 This is sitting between 57 and 58,000, right? ▶ 11:46

Their own position: Not said.

Dates named

• Weekly close, undated: prepare ourselves for this weekend and going into the very important weekly close.