Bitcoin – BTC Harmony – ONE BITCOIN On Crash Course: Must Hold This ONE SUPPORT Bitcoin pain on the charts downside on the six hour charts not only downside tell me if you agree with this but this sideways I really think the sideways action on these Bitcoin charts especially in the shorter term is more painful than if we’re just gonna fall to a certain Target let me Know in the comments below if you agree with that but we’re going to talk about continued pain for Bitcoin what it looks like Bitcoin hasn’t hit its shorter term Target yet and I just want to show you the setups on the charts now before we Do that I want to just note something we have been tracking this Rising channel for Bitcoin on the shorter term we’ve broken the trend line we’re falling right now and we’re kind of in the middle of the Target and the breakdown right so what is in play still is the Pullback we see pullbacks happen off happen often in these types of setups so I just want to throw that out there that’s something to Monitor and keep an eye on especially as we start seeing some support on the daily chart we’re going to look at a minute but this is What we’re going to talk about in this video this entire setup this entire move why why I also think this sideways trading of four days is getting ready to end so hit the Subscribe hit the like and let’s jump into the video I really appreciate all of you so the first thing I want to do a quick glance at the at the yearly chart I’m sorry putting things into perspective just look at this red candle it’s a bear Market this is 2014.one two three green candles a red candle that’s the bear Market 2018.one two three green candles Bear Market 2022 here’s our first green candle we’re still only in April of this year we’re at the very beginning of this next Bull cycle that doesn’t mean that this there there will not be volatility within even this year but just look at the zoomed out Bitcoin chart and what is Going on in terms of Bitcoin 2022 I say this time and time again I really think was the worst of it even in regards for macro economic perspective as we’ve evaluated the data the year before the recession oftentimes is the worst year for markets I.E 2022.I just Want to get that out of the way this is a clip a really quick clip from April 19th six days ago check this out downside Target right around 25 800 900 let’s just call it twenty six thousand you go to the daily chart so we even discussed twenty six thousand dollars Being the downside Target and this is what’s good about it it allows us to visualize and prepare for the scenario so that when all this is happening though it’s not fun it’s just kind of like well it’s we’re we’re waiting for it we knew it was possible Bitcoin Doesn’t just go up forever and it’s just a constant reminder of that from a data perspective on these charts so here’s twenty six thousand dollars again it has not been hit yet we’re kind of in between the break the breakdown and that Target Bitcoin consolidating let’s start Digging into the the charts though and just kind of I wanted to show you some things I’ve been watching there’s this area specifically back here in March beginning of March that really is catching my attention in terms of the setup for Bitcoin and you can just see let’s have actually take the bars Pattern this swing high back here to this fall right check this out take that barge pattern and just put it over here it’s not it’s not identical but what I’m saying is just kind of this this step these steps down of consolidation is kind of what’s happening and setting up on the Bitcoin Charts and we’re going to see what that looks like on the daily too so right now you can even see on the momentum oscillator for Bitcoin on the six hour kind of at a very similar area as it was back here at this exact type of sideways consolidation on the six hour chart Right and then what happened Bitcoin capitulated kind of down into this very oversold area so this in play if you even look at before it capitulated on that shorter term price chart you can just see let me move this over a little bit you can just see Bitcoin was over Bought on the stock RSI this quicker move momentum oscillator it’s kind of where we are right now if we go to the daily chart and we start saying okay what’s going on over here first thing to note is the very fact that Bitcoin if you look at this chart has fallen right To the 50-day moving average so if there is a case and I just I’m throwing this out there briefly if there is a case for this pullback to the trend line thirty thousand dollar area even just a break back above this this more macro trend line Bitcoin broke above and now we’re Falling back into if there’s a case for Bitcoin just to make that move back here or even test the 20-day moving average around 29 000 this 50-day moving average support could be that that type of narrative right but the thing is 50-day moving average support doesn’t Have to hold every time right as we get all these moving averages 20-day 50-day 200-day pulling together and converging together on The Daily and the weekly charts moving averages can fail at support on the shorter to midterm so Bitcoin could fail support at the 50-day moving average we could come down to the 26 000 region for support and I want to just show you again that six hour chart similarity that we had check out what it looks like here on the daily chart so we have Bitcoin on this RSI slower movement momentum oscillator kind of just falling right now consolidating And then what we’re talking about here in this video is just this fall right this this fall to a Target and this is that area in March that we were just looking at consolidating and that fall to the over sold Target this is what I’m watching for and anticipating for and it Absolutely does not mean that it’s going to happen but I like to prepare for these scenarios because not only do we have just the technical targets but we’re starting to we’re starting to see similarities I think on the Bitcoin charts that’s just allowing for those Targets to be hit so in terms of targets what am I watching it kind of depends it really depends on how quick the target is hit how much pain is involved in hitting the target twenty six thousand dollars right off the bat might not actually bring Bitcoin down into a Overbought so that’s something to keep in mind but what I’d be watching for is a really kind of strong area of of just opportunity potentially for people that have waited for a dip and this is a big opportunity because we’re looking at a 30 31 000 swing high and it’s this area Down here testing once again the lower trend line of this huge Rising channel so Bitcoin actually hits a 26 000 Target and actually just Falls capitulates right a big fall for Bitcoin something that happened like back here in March right maybe not to the 200 day but to This area right here that we have on the chart and that is a swing it’s a high or low area it’s a Fibonacci high or low so if we take our Fibonacci it’s the swing low back here to that from that dip to the swing high and it’s just a higher Low so that area if there’s that capitulation for Bitcoin and it’s not me sitting here predicting it and saying it’s going to happen but it’s it’s something to prepare for it is right around let’s just call it twenty four thousand at the 618 and the 786 around 22 000.
The biggest point that I want to make in talking about all this is not just to sit here and say hey we have downside targets hey prepare for it my thing and this is just me tracking the charts from my perspective and tracking my crypto Journey my thing here in doing this Is the very fact that even if we visualize that pain and we say man Bitcoins bitcoin’s not doing what we all wanted to do and just keep going up over and over and over again higher highs higher lows all-time high on the way right bitcoin’s not doing that it’s it’s Forcing us to wait and be patient through these Cycles even if it’s falling and we’re back from Thirty one thousand dollars and we’re falling to twenty three thousand so it does fall into this higher low area look at the Bitcoin chart and this would be in a scenario where Bitcoin is over sold on The Daily charts that’s bullish what I care about is the macro is it zoomed out and that is bullish and so if we go to the weekly chart this is where I think we really just need to pay attention and just at the end of the day We can zoom out on the shorter term charts and say what are we really looking for Bitcoin right now and it’s the same exact thing that we’re looking for for from Bitcoin in every bear Market low and the pivot to bull market it’s just all these moving averages just coming together look They’re converging together right that’s what we’re looking for right now what exactly that looks like at the end of the day nobody knows but we can just look the last the last cycle Bitcoin making this nice bullish move out of the out of the bear similar to what we’ve been getting recently and Just pulling into the moving averages right obviously kovid shook the charts a little bit hopefully we don’t get something like that on the charts but we need to allow for these moves back to the downside consolidation of the moving averages and so we want to watch for support at the moving averages currently We have the 50 50 week moving averages our lowest moving average it’s around twenty two thousand dollars but I think it’s really just important to remember every cycle Bitcoin is kind of doing this and here’s 2015 exiting the bear Market just pulling into the moving averages in a very more bullish fashion Right 20-week moving average just higher highs higher low support all the way out of that exit and then you can actually even go back and you can look all the way back here I mean check this out this is 2013 swing high and Bitcoin just Falls and then boom just kind of above The 20-week moving average so it’s like it’s the same story it just looks a little bit different every cycle but that’s at the end of the day really what I’m watching for it’s just all this moving average area support for Bitcoin and allowing these dips on the short Term to allow for that test and each time Bitcoin cooling off setting up for the next cycle as we’re less than a year year away from Bitcoin having so that’s what I’m watching on the short term that’s kind of how it translates on the long term let me know your thoughts in The comments below please hit the Subscribe if you’re not a subscriber everybody trying to grow this channel throughout the bear market and now as we get ready for the next cycle the bull cycle and I appreciate all of your support hit the like button as well I’ll See you in the next video God bless Bitcoin setting up a possible leg down on the btc price chart so we explore the setup and what it could look like.What may be more important is how this setup looks like on the zoomed out Bitcoin chart.Intro 00:00 Quick bullish pullback 00:30 Bitcoin yearly chart 1:05 Continued btc price dip 2:25 Warning signs 2:50 Bitcoin daily similarities 5:00 Bullish 7:00 Join this channel to get access to perks: https://www.youtube.com/channel/UCnMku7J_UtwlcSfZlIuQ3Kw/join Bitcoin 4 Year Cycle Prediction – This May Change Your Mind On BTC https://youtu.be/IsKI359lAbQ ⬇How To Stake Your Cardano In Minutes With Crypto Capital Venture!⬇ Stake Your ADA With Ticker: CCV1 ➡ https://youtu.be/cikJiJgRZFQ ⚡ Catch Me On Twitter ⚡ https://twitter.com/cryptorecruitr Crypto Capital Venture New – Cycles of Bitcoin – https://www.tradingview.com/chart/BLX/IzGnRABO-The-Cycles-Of-Bitcoin-Speculative *Crypto Capital Venture does not guarantee or make any representations or claims to any particular amount of staking rewards that you will earn through delegating your Cardano.Any return that the protocol disburses to you is decided by the protocol.
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