Bitcoin – BTC Ethereum – ETH BITCOIN & ETHEREUM: CALM BEFORE THE STORM….Ethereum is about to be having a massive breakout against Bitcoin and in this exact video I will talk about this I will talk about the Bitcoin whole thing that is upcoming the dollar index that is having a gigantic bearish Divergence the Bitcoin historical volatility that is currently at an all-time low and much More important stuff we need to discuss right now so don’t forget to slap off that like button on today’s update video Let’s smash it back about 500 and let me jump straight away in towards the content only in miniature term we can see that Bitcoin is finally seeing a Small little bands and potentially if I’m looking let’s say at the 30 minute time frame we could be seeing that we’re right now creating somewhat of a w pattern and of course if we do break above the neckline here on the top side that is trading somewhere around 27.3 K We could be expecting maybe some more relief rallies towards the upside and basically what we can currently see is that Bitcoin is still trading in a gigantic dandrent on the one hour time frame you can clearly see that from the top side right here we are so far not Breaking this entire downtrend that we’re creating on the one hour time frame so for me there is no reason to really flip bullish on bitcoin right now for the imminent short term here because yes we are basically still coming down further and further and actually last Night we went all the way down to 26.5 K what is of course still bearish because we still managed to set a lower low and right now we’re only seeing a small little bands on the price section of Bitcoin at the same time what I’m really Will be looking at is a 27.5 k level for Bitcoin on the two hour on the four hour or on the one hour time frame you can all see it this double is an extremely important level for Bitcoin because previously Iran provides support then flipped into resistance here it flipped Into support So this level will probably once again act as resistance so keep your eyes wide open on this level and Percy this is also the level for me of Interest where I would really open up some new trades here and of course if we do break back above it of course last Time right we saw a small fake out we broke above it and in the end of the day we broke below it again but like you said I saw lost on the round once we broke above it we did solid significant continuation towards the upside so I’m expecting something similar if we do Break above this novel so keep your eyes wide open if we do break above it probably we’re going to see continuation towards the upside then talking about the 12-hour time frame we’re seeing this Bitcoin downtown getting created and for me I will keep my eyes wide open on this Level as well because so far every single time Bitcoin retested this level we got significantly rejected and that is why we’ll be keeping my eyes wide open on this very important level it looks to be that we could be creating somewhat of a falling wedge structure for Bitcoin right now here and the Majority of support is going to get found on the Lower Side here around 25.9 K so keep your eyes wide open on that level as well going further in towards my technical analysis you can see that the same resistance line got created on The Daily time frame for Bitcoin that is Also really level to be breaking and at the same time I’m currently still in a short position for Bitcoin that is making me more than two and a half thousand US dollars in profit because like yesterday already closed in more than 500 US Dollars and profit on this Trade if you are interested in trading yourself don’t forget to check out the links in the description because if you sign up an account on buy bit right now you can actually claim it deposit bonus up to fifty thousand dollars and as only going to be valid if you use the link in The description so make sure to go to the description of today’s video and sign up account if you are interested in trading yourself furthermore we can see once I’m right I’m going to start going in towards the daily charts for Bitcoin that the volatility is actually at Historical lows for Bitcoin you can see the bullet events is extremely narrow and at the same time the bullish bends with is also extremely low on the index what does meaning the bullish events is extremely narrow you can see that we’re currently as narrow as the beginning of January as the beginning of February and those two times we of course saw huge moves getting initiated for the price section of Bitcoin so make sure to keep your eyes wide open on this price chart right and since the bullish events also perfectly predicted in the pulse where Bitcoin was going to find some more volatility it will probably once again happen where right now at this low stage of volatility so probably we’re going to see a big move getting initiated from of this exact level furthermore we can see that on the daily time frame Bitcoin is Still creating a potential bull flag right here and also if if I’m looking up the daily time frame for Bitcoin the major support is this potential airport solving support line that we’re going to retest and also this horizontal green box right here that is of course trading Around 24 to 25 000 my price Target I’ve been talking about for quite a long time already right now here if we do retest the 24 to 25 000 US Dollars I’m going to be opening up a gigantic Bitcoin long position because personally I do believe As soon as Bitcoin sees a retest of that level right there we’re going to see a significant balance for the price section of Bitcoin so that is what it will be looking at that is where I will keep my eyes wide open on and if we do See the retest over there I will be opening up a gigantic long position so make sure to subscribe to the channel to stay exactly up to date on that position right there at the same time we can see that the historical volatility index is also right now at historical lows for Bitcoin you can see if I’m zooming out there are only a few times in history that the volatility has been so low for Bitcoin so the last five times we were so low in the historical volatility index was in the past 1000 days here for Bitcoin and you can see that every Single time once we were in this low stage of historical volatility we tend to see and spike in volatility happening after that and it’s not necessarily down it’s not necessarily up it could be either direction you can see that out of the floss five times four times it was Towards the upside and one time it was towards the downside but it could of course once again just go down here from off this point so what I want to be pointing out with this chart right here is only to say that volatility is just going to be imminent for Bitcoin we had Of course a couple days a couple weeks here of extreme low volatility for Bitcoin but always once the price action is very boring the volatility stays extremely low for Bitcoin there’s going to be one point where the volatility is going to start picking up again and we’re expecting it’s going to be Happening anytime soon for Bitcoin right now it could take another couple weeks maybe a couple days from here on but it’s not going to take months from of this place so make sure to get ready for that make sure to prepare yourself for that and make sure that you are ready to Trade Bitcoin if it does come down or if it does decide to be pushing back towards the upside at the same time we can actually see something extremely bullish for the cryptocurrency industry because the dollar Index is right now creating a bearish Divergence we can see That the RSI is creating a higher high will the price actually is creating a lower high is confirming a weekly bearish Divergence and this could lead towards much more downside on the dollar index price chart and of course like we do now the Bitcoin price action is Inverted against the dollar Index so if the dollar Index moves down Bitcoin moves up here so it’s definitely a very bullish thing for all the Bitcoin holders out there at the same time we can currently see that the Bitcoin against bitcoin price chart is about to Be having a breakout on the weekly time frame and once this breaks out here we could start to see significant momentum getting generated for the price chart of ethereum and that will be definitely very bullish since firstly I’ve been holding more ethereum than Bitcoin for already the past month fare and like you Can see in the past month ethereum already outperformed Bitcoin by an approximately 10 but it’s quite nice here and I’m personally expecting it could be even more after we do see a potential initial breakout of this pattern of course we’ve not broken out yet so far but as soon as we do break Out I will keep you guys up to date the price target for ethereum comparing to bitcoin is significantly towards the upside and it would mean that the ethereum compared to bitcoin pair is going to probably increase by an approximately 40 percent what is quite significant if you would ask me here Like you can see ethereum has been doing quite well here against Bitcoin recently and Percy I don’t really see the strength stopping anytime soon here and that is why I’m still buying more ethereum and that is why I’m also closely looking at this huge symmetrical triangle or this huge downtrend that you Can see right here that is about to get broken so keep your eyes wide open on it ethereum could be performing very well right here and also one of the many reasons why ethereum is doing so well here compared to bitcoin at least is due to its London hard Fork update and Basically after this update came out the merge happened and after the merch happens ethereum started to become deflationary and so far ever since the merge happened we’ve seen 0.2 percent Supply decreasment in the total supply of ethereum what makes it a scarcity asset there’s lessons less Supply coming in circulation what means That the price of one ethereum is just going to increase in general so the market cap doesn’t necessarily have to increase because the supply is also decreasing so that is definitely a very bullish thing for ethereum and I think this is going to be having a very Bullish effect for the next Bull Run furthermore we can see for Bitcoin of course for Bitcoin to create that scarcity effect we have to wait every single four years because every single four years the production of Bitcoin is going to get caught in half and that is The whole thing event here and that is why Bitcoin sees an exponential price rally every four years and the next cycle is an approximately 300 days away from now on and if we’re going to be looking at what Bitcoin historically did before and after the Cycles it’s basically before the cycle you usually Have some time to accumulate here but once the whole thing happens we usually start to see the next rally getting started so make sure to get ready for that the next whole thing is about to be happening in 300 days so you’ve got another approximately 300 days to Accumulate your Bitcoin to get ready for your position and and after that probably we’re going to start flying again so that was it for me in today’s update video a little bit of a longer video today I hope you enjoyed it if you did enjoy don’t forget to slap of the Like button subscribe to the channel and I’ll see you guys on the next one peace out goodbye Volatility is about to hit the markets, AND THIS IS why! 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I only recommend crypto trading to already experienced traders! Please be advised that I own a diverse portfolio of cryptocurrency as I wish to remain transparent and impartial to the cryptocurrency community at all times, and therefore, the content of my media are intended FOR GENERAL INFORMATION PURPOSES not financial advice.The information contained herein is for informational purposes only.Nothing herein shall be construed to be financial legal or tax advice.
The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor.Purchasing cryptocurrencies poses considerable risk of loss.The speaker does not guarantee any particular outcome.Past performance does not indicate future results.
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All information is meant for public awareness and is public domain.Please take this information and do your own research.#Bitcoin #BTC #cryptocurrency #altcoins #blockchain I make Bitcoin & Cryptocurrency videos to showcase How to trade Bitcoin & other Cryptocurrencies.Videos cover everything from bitcoin, cryptocurrency, crypto, altcoin, altcoin daily, blockchain, decentralized, news, best investment, top altcoins, ethereum, tron, stellar, binance, cardano, litecoin, 2019, 2020, crash, bull run, bottom, crash, tether, bitfinex, rally, tone vays, ivan on tech, chico, video, youtube, macro, price, prediction, podcast, interview, trump, finance, stock, investment, halving, halvening, too late, when, fed, federal reserve, interest rates, rates, cut, economy, stock market, source.
