bitcoin price coinmarketcap bitcoin news bitcoin dump
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bitcoin price coinmarketcap bitcoin news bitcoin dump |
hey guys just want to give you a quick
update on what I'm expecting and what
I'm looking at yesterday I put out a
video it was this one here at Bitcoin
breakout and about eight hours
coincidentally it broke out exactly
eight hours,,
is how it played out I was expecting we
pushed above this ring uh potentially
get a breakout but specifically I was
saying pay attention to this ring here
I'll go through some of these charts and
give you some support and resistance
levels but you can see we pushed up
above it we found support and then we
pushed up this is how it played out this
this purple ring and I'll show you this
ring as well we found resistance
previously on it and then we found these
on it again you see this how much we
pushed up after he cross this ring it
wasn't a huge move but people that were
following me we're expecting this move
so you know at this point you know you
buy in you write it up and you sell at
the top and you know I was telling
people this was our resistance and you
can see that we repeatedly got
resistance at it so this is what I'm
gonna get into and try to show you what
I'm looking at is a time frame let's see
so you can see that this ring right here
was previously giving us our resistance
and support and let me go to the one
hour here right now you can see that
we're underneath this ring so if we push
above this ring and this is around eight
thousand eight hundred and ninety eight
if you push above that then obviously
your resistance is going to be this ring
right here I was telling people in a
tweet I said if we continue down these
are support levels to pay attention to
and this was talking about 8,500 sixty
and then this is a bit mix chart which
so support around eighty seven hundred
and you can see that you know we came
down right to this ring we're respecting
this ring the purple ring in this purple
fifth circle we came down we found
support here previously at eight
thousand eight hundred and seventy and
then we found support again which is
around eight thousand seven or fifty-one
so it's possible that we get rejected
here at eight thousand eight hundred
ninety-eight and then we'll keep
bouncing back and forth until we get to
the apex now I could adjust this
different ways and it's kind of hard to
know this down what pattern we're in
first of all I'd like to point out that
I don't work we're still forming
whatever pattern were in we're still
forming it as possibly could drop down
lower if this could be a descending
triangle we'll have to wait and see what
happens but we haven't broken out of any
pattern because the volume is still low
when we do break the pattern we should
have a pretty huge to move to the upside
or the downside and you'll be able to
tell with all the volume so I guess I'm
getting at is if you push up look for
your resistance to be this purple ring
that would be potentially you know again
and guys if you have access to the
charts then you know exactly what that
price will be are these most of these
are at angles and these are curves so
depending on when you hit it depends on
what price would be so again if we move
up look for a possible resistance around
9050 to 9000 you know depending if we go
straight up or go to an angle that is if
we make it above this orange ring around
8900 otherwise we'll come back down at
s2 support
if we break that support when you come
back down and toughs this this purple
ring here which potentially were my
cursor is at now is eight thousand six
hundred eighty nine so this is that ring
sum cost it we had a pump and this is
just showing their support we were
reporting support here since we broke
that support we came down you see we
broke below this but we kind of phone
support on the screen line guys there's
different charts always refer to
different charts this is the bit mix
chart this is where I I was telling
people to pay attention for support
because we came down we hit a support
and moved up so you know as soon as we
came down and stopped near this line
that's where I bought in I'm out right
here because I'm not sure if we're gonna
make it above this orange ring has given
us resistance again if we do you know
push up here otherwise we're gonna be
bouncing back and forth we break to the
upside or the downside for back to the
upside to probably test this ring if you
push above this ring potentially expect
a pump
and of course we break the structure we
might come down test this ring here
let's see mmm this is the bitstamp
I don't have a letter but this is one of
the bit snap charts this has shown to be
this channel or this this line this bib
channel has shown to be a support and
what I was trying to do here what this
line right here is to represent this
orange ring where we're currently
getting resistance at so and that that's
what I'm saying if we continue sideways
and bounce back and forth in here
obviously this could break up or down
anytime and doesn't I'd be a significant
move I'm just giving you a point where
something can happen so you know by
Tommy Big Sight apex we're looking at
potentially 14 hours and that would be
14 hours bouncing between support and
this orange ring right here and actually
I'll save this so you guys loaded up
you'll see it the other scenario and you
see we were finding resistance on this
purple ring and we're finding support on
this trendline here so if we do not
break you know they say if it do not
break above this we could break sooner
but the apex 4 supports right here on
this trendline and resistance on this
purple ring that would potentially be
between now and one day and nine hours
so just pay attention to that timeframe
and let me see here so this is the
cracking chart this is a great chart to
use for larger moves I did add this fit
circle in on a previous video I'm not
sure how many back it was it might be
like three videos back but you know
price had already pushed up when I
created this fifth circle and I wanted
to see how price would respect this next
ring you can see that
you know we pushed up we got resistance
we put swea above it found more
resistance more resistance we pushed up
you see we found support on this ring
two times now so it's possible we could
keep coming down and finding support on
this ring you know potentially could
break it and have it drop but if someone
point out how well price is respecting
this ring let's see and also some
support levels so if we have another
drop
obviously it's possible we could keep
moving down this ring but your next
strong support I don't really see any
support on this level with this a
trendline here but you can see this red
line we've had a lot of support
resistance on this trend line right here
so one potential drop target for you to
pay attention to would be and again this
is at an angle you know if we had a drop
straight down you're looking at
potentially 7600 you know out here is
seven thousand seven hundred and twenty
so I pay attention to that support level
and again because price has been
respecting it so well previously chances
are it's going to respect it again this
chart here this might coincide with
another chart you can see that this
trend line right here has been a lot of
support and this one has been to but the
one above has been more support so if we
have a smaller drop look at a target up
around eight thousand 637 out here is
eight thousand five hundred ninety six
and again guys that's why I say compare
different charts to get an idea I'm just
kind of going through these I'm kind of
winging it I guess that pretty much
covers that let me give you a larger
drop target so let's say that we do
break the support right here and we have
a larger drop I would like to point out
this ring right here we this is where we
broke above this ring we found
resistance underneath this ring right
here this was at seven thousand seven
hundred eighty nine and you can see how
much of resistance this was as soon as
we broke this point you see we had this
pump going all the way up here to nine
thousand five hundred so if we do have a
pretty substantial drop
I do think that well right here where my
cursor is at 7,000 755 this is slightly
at a downward angle so you know out here
is 7,000 738 I do think that this ring
right here will be a lot of support if
we have a drop so do pay attention to
that but the main thing to get out of
this is possible we push above this this
orange ring at 8901 Segen at this purple
ring they pushed above that and as I
told you in that previous video if you
watched it if we do get a pawn you know
we could pump as high as has this this
yellow ring because that's what we've
we've done before repeatedly every time
we have a pump see we pop up and get
resistance at the capitulation ring this
yellow rings capitulation ring you get a
pump get resistance get resistance get
resistance when we push through we have
a major pump and you see it respected
this purple Phipps or purple here found
resistance underneath it
pushed up end resistance pushed above it
down support on this one found
resistance so this purple tip circle is
in play so if we do drop below this you
could look at your next potential target
well if you go down here again
everything is there an angle this is
eight thousand eight hundred eighty one
there's a lot of confluence right here
on eight thousand and remember eight
thousand that's a very important number
for Bitcoin because we've been at eight
thousand going back while going back in
good ways I'd have to go to the day we
need to show you that the other thing I
want you to pay attention to is also by
the way I do have stocks available guys
these are the stocks I currently have
Dow Jones Apple Google Tesla Amazon
Facebook Cleveland close Maxx or Boeing
JPMorgan Lockheed Martin these need to
be updated these were the old style
charts for S&P 500 and oil mm-hmm man
once you pay attention to the Dow Jones
this is the actual chart we were in a
rising wedge so we're kind of moving
sideways out of this and you know
Bitcoin seems to be following the stock
market so the stock market drops more
you can expect Bitcoin to follow suit
stock market goes up you know bitcoins
gonna go up as well one way or one thing
I do is I go to
if you just if you just do uh I'll put
the link for this in the description but
if you do Dow Dow Jones pre-market
trading you'll get this but I would pay
attention to this um visit this page and
keep refreshing it right now it's in the
negative 35 points you know if this
starts to go up higher
you know like negative 300 or whatever I
mean because the last time it was a
negative 300 that's when we had this
drop this one we had this drop right
here where we came down 11% so this is a
great indicator the higher this goes and
the negative expected drop if this
starts going in the positive then you
can expect Bitcoin to follow suit
also you know I'll have a link for this
Ostia blockchain whispers it's kind of a
mixed signal here I don't try speed
phonetics bit Mex it's crazy there's
sixty six point six five percent longs
to 33% shorts
so everybody's long a bit Mex but on
Finance there's more shorts than long so
they said mixed signals here but overall
there's more Long's and shorts so you
know if if they if they tank the market
now to liquidate Long's you know bit Mex
would do well Biff next would do well in
finance not so much so I it seems likely
it might go sideways for a bit but we'll
just have to see what happens
but I just wanted to give you that guy's
sorry I didn't plan this out too well I
just want to say what I'm looking at the
most important thing is pay attention to
this this purple ring because we are
respecting this again I said we would
catch a balance at this ring we did if
you don't make it about this we'll
probably bounce back and forth
potentially come down test this ring we
break it will come down lower we push
above this purple ring that I expect
we'll get a substantial pop and again
these if you have access to charts guys
you know all of these will be temporary
resistance but do expect and again if
you're super bullish guys you know this
fit circle right now that we seem to be
push up above this with a lot of volume
the next the next orange ring up
you know almost at the apex of this
capitulation ring this up here around
ten thousand eight hundred I'm not that
bullish I don't expect it to go that
high but I just wanted you to have
targets to the upside and the downside
and kind of the timeframe...
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