Bitcoin – BTC BITCOIN: WATCH THIS VIDEO ASAP IF YOU HOLD BTC BTC + Crypto Price Prediction Analysis Bitcoin keeps skyrocketing higher we are now sitting at 27.8 we’ve just been rejected off the 28 000 level which is one of the key things that we were expecting I am currently in a short position but I might actually be closing that relatively soon I told you guys Earlier today that I entered a short position on bitcoin closed it at break even I’m glad I did that and I’m now in another short here these orders were already set and I already told VIP members what I was thinking of doing and part of the deal with VIP is you’re Going to get all of the updates on my trades as well if I get cold feet and I did get cold feet today I’ll tell you that uh and and I will tell you so instantly right so as soon as my trade was open I decided actually I don’t want To be in it anymore but I’m in another one right now and let’s talk about this Market we are still facing mounting resistance Bitcoin has formed a phenomenal daily candle though let’s just start off with that that is definitely going to be the highlight of today Bitcoin is up beautifully on this Daily candle we haven’t seen volatility like this for a while even on the bearish candles that we got here this one was definitely quite large but still today’s daily can is the biggest candle we’ve seen probably since this dump or even earlier like over here literally The beginning of May which makes this a big deal we have very clearly pumped out of an area where we were kind of consolidating um you know falling downwards and we’ve now formed an explosive reaction higher I guess one of the big issues is that we’re doing all of this on a weekend Which you don’t really want to see you want these kind of moves to be correlated with traditional Finance but the really good news I have for you guys is that traditional Finance has been bullish so it’s actually Bitcoin that’s been lagging behind the S P 500 broke Out of its resistance level twice okay you know that’s a really really big deal NASDAQ and so on I mean everyone’s just talking about brand new all-time highs NASDAQ has cleared a critical area of resistance which we actually covered with you guys on the forefliers daily channel that was right here on this YouTube video not many of you guys actually watched it but this is worth checking out because with the content I’m giving you guys you can actually trade things like the NASDAQ and S P 500 on bingx without kyc that means no pictures of yourself or your ID and the Cool thing about you know traditional Finance markets like NASDAQ and the s p and you know stocks like Tesla and apple is that they are a lot less manipulated than Bitcoin which just makes them easier to trade sometimes you know but the fact is is that traditional Finance Has already moved up and Bitcoin was the only asset that was kind of lagging behind so we are starting to see it catch up now which is absolutely beautiful but again let’s not lose sight of where we are we are still well within a resistance range this entire range is Resistant and we can see that very clearly by looking at the vpvr if we take a look at the vpvr right here it is extremely clear that we’ve got a big spike of resistance right here on the vpvr exactly where we are going to be struggling at right now so if we are Able to get above 28 000 and hold above it we’re good the key level to break for me is going to be 28.6 a cent Above This level and I’m probably going to start strapping that Jet Pack to my back again it’s worth noting I’m making money on Both sides today guys I’m already in a long position you guys have known about this position for a very long time I entered it right at the bottom like a G and we’re writing this up back towards that 200 000 dollar profit which is absolutely beautiful but I’m also in A profit on a short right now so we’re trading it both ways definitely not something that I would do all the time I’ve made this very clear to you guys in the past and I will reiterate it again right now that I am not the kind of Trader that takes a million trades a week uh you know it’s just not what I do but when the setup looks good when the setup looks safe and compelling I’ll make the money you know I’m down for it so uh you know that that’s just kind of my trading style here So I’m liking what I’m seeing so far uh you know in all honesty given the strength of this pump look there there’s something I gotta weigh up right I gotta weigh up the potential upside of this trade and the potential downside of this trade and also keep in mind that I’m Already in a profit I’m already in a really big profit so you know like percentage-wise this trade went over 400 profit that’s more than a five times gain on the on the capital that was still in my position uh you know I don’t need to be greedy right now I don’t need To go chasing you know little day trading uh short opportunities when I’ve already made the big money you know it’s precisely what happens you know where people stumble is that they might make a little bit of money become really confident and obviously they’re thinking but this isn’t enough I Need more and what they’ll actually go ahead and do after that is they’ll just kind of gamble all their money away you know just because they’re getting a little bit too excited and and that’s not what we’re doing here that’s not what we’re trying to go down uh you know The road of and that’s why it’s really important to stay cautious at times like this we do have some pretty crazy times right now with the key numbers that I like to look at in these markets right here right if we look at the uh you know Fear and greed uh in the long and short ratio uh you know we’re still overextended for the Bulls right here and that is really important to keep in mind it’s not particularly often in my experience that the market actually moves in the direction that retail Traders are betting on all right because Retail Traders are almost always completely incorrect when we had this kind of ratio on the opposite side for short positions that happened when Bitcoin bottomed out down here and that happened when I entered a short I’m sorry when I entered a long position I entered right here right so uh you know This is what we’re looking at you know we’re looking at the same kind of situation right now where everybody’s really really bullish but you know I mean it would we’re on a key area of resistance back here everybody was bearish but we were at a key area of Support being twenty thousand dollars so this is a big deal uh you know this is definitely important in my opinion and what I like as far as you know the kind of price action range goes is that we haven’t cleared the bulk of the resistance yet in fact I could actually Stretch this box up a little bit more probably even up to these kind of candle highs right here very clearly illustrating that we are not out of the trouble range right now again with that vpvr if we zoom in a little bit and let this reset we are brushing up the Resistance right now now if we are able to break it we’re gonna have that rally potentially up to 28.6 and that’s going to be the deciding level for me uh you know to make me bullish as if we do get above 28.6 if we’re above 28.6 I’m going To be stopped out of my short positions that’s completely fine they weren’t big short positions in the first place and this long position regains the Reigns for me right so that’s kind of what I I’m looking at right here and the reason for that is just going to be because of All the resistance that still stays in this range now like I said if we are able to pump Above This range let’s talk about that uh you know we’ve got a an eight and a half percent pump to get back up to the high at 31 000 this is Where we got rejected and we had the swing High uh you know it should be Breezy for Bitcoin I don’t know if that would happen today it’s most likely I would have to say probably not going to happen today but uh you know I mean certainly You know the day after uh you know especially if traditional Finance is bullish for tomorrow’s open uh you know that’s probably going to play into bitcoin’s favor I did mention an update on the dollar so shout out to those of you that are subscribed catching all this content right when I’m putting it Out for you guys if we do take a look at the dollar right here on the hourly time frame we have gapped up a little bit but uh you know it’s not really changing the picture uh and the picture for the dollar is still strong so uh you know I Mean with a strong dollar and you know it doesn’t really have much resistance from what I’m seeing here if we just kind of trace this blue line and look at the kind of you know action that the dollar has seen around these areas uh you know it makes a lot more sense for The dollar to kind of reverse at about 105 which we aren’t quite there yet uh you know so more upside for the dollar is generally gonna mean uh you know some uh some some problems for Bitcoin but so far Bitcoin doesn’t seem to worry about that which is absolutely beautiful and It does definitely uh you know the more this goes on and you know we’ve only got two hours left until this daily candle closes it does definitely definitely looked like this was quite a clear deviation here uh you know allowing the market to kind of reclaim its range here So this is going to be really interesting to see how it plays out and it’s also going to be really interesting like I said to see if you know Industries like the S P 500 and NASDAQ are able to actually keep their games uh you know for next week that may not Happen uh what how is this how’s this Market life okay well I guess the NASDAQ opened just now so that’s really weird I someone explained that to me I’m pretty I didn’t know the NASDAQ opens on a Sunday uh in the United States but here we are uh maybe I’m just completely missing Something yeah S P 500 is not open is it NASDAQ is just special I don’t know I don’t know but uh you know we are we are looking at quite an interesting setup on this chart uh you know there is a lot to watch There is a lot to keep an eye on and you already know the deal guys I am trading these markets right here on the platforms I’ve linked for you in the description down below um you know one of the coolest offers is definitely buy a bit thirty thousand Dollar bonus you are literally gonna get up to thirty thousand dollars of free Capital deposit it into your account that you can trade with you can deploy that money back into the market in any way you like and if you generate any profits with their money you can Withdraw those profits that is a very very compelling offer this is going to depend on your deposit size and trading size but once you start trading you’ll get that credited into your account and you can also buy coins uh with zero percent spot fees so if you just want to Buy coins normally you want to buy some coins Bitcoin ethereum whatever the case may be if you want to buy them spot you’re not going to be paying any fees at all so that is well worth checking out again bingx coming in clutch with that no kyc but Also access to traditional Finance markets if you are interested in trading them uh you know is is absolutely huge and well worth checking out right here but back to the charts we’re not really seeing a change here and there’s no point continuing to watch this this is The kind of time where really you want to do your analysis and then just leave you don’t actually want to be watching the charts too much because it’s going to stress you out it’s going to make you panic and make irrational decisions and so on so for me as far as I’m concerned We still haven’t cleared resistance resistance is going to stretch up to 28.6 it’s been the same narrative for me for quite some time if we are able to get above 28.6 on full bull mode again I’m already in the long position so I’m writing this anyway but I would Certainly expect that that long position is going to make me significantly more money so I will continue to hold on to this position uh you know the other thing that I think is worth noting is we do have this resistance line right here and oh we’ve actually broken this so I guess Guess we don’t need you can enjoy it a few different ways so you know if you enjoy it like this which is definitely a good way to draw it in my opinion we have broken it that is absolutely beautiful um if we are trying to connect some of this price action we are Actually brushing up that resistance uh brushing up against that resistance right now so uh you know and I don’t I don’t want to go ahead go ahead and say like which line is more valid than another to be honest in order to kind of avoid confusion one of my favorite tools To use in uh in somewhat confusing situations like this is the parallel channel right so if we actually just go ahead and draw it like this this is definitely cheating but it also is just in my opinion more accurate to carry out analysis like this for two reasons Number one it a lot of people they fall into a really dangerous false sense of accuracy they think that their analysis is really accurate and that them and and that’s that’s not a problem but the problem is that they think the market will respect the really precise lines That they drew and that’s not the case um the reality of markets is that we don’t have lines we have ranges uh you know and this is still a line I mean you could basically say that the real line is this dotted one in the middle but We’re looking at like plus one percent on each side plus my minus one percent on each side just to be realistic uh you know this is the kind of thing guys that like when you kind of when you start learning how to trade people don’t tell you this stuff the reason they don’t Tell you this stuff is because they haven’t traded themselves if they haven’t traded themselves how on Earth are they gonna know about very specific problems like this that you can draw really accurate ta lines but if you don’t think of them as Rangers and if you think of them as just one perfect Millimeter thick line that is probably not going to get you too far it’s probably going to mean that you’re going to have orders that never get fill stop losses that never get triggered and so on and so forth and it’s it’s just going to be a disaster you know you don’t want To find yourself in that position you need to understand that the markets have some degree of flexibility uh even if they’re doing what you think and sometimes they have a huge degree of flexibility and they actually just form full-on ridiculous deviations right where we have beautiful areas of support Like this and it just you know I mean you can’t say that the range for this support line stretches all the way down here and that this entire is support because that’s obviously unreasonable right I mean we’re looking at uh you know if we just draw a straight line up Of 14 you know line it’s it’s ridiculous right sometimes the market has this much flex and you just need to know this you just need to know this so that you can position yourself to trade it the fact that I knew that deviations like this were very common allowed me to feel Confident enough to go long right here you know it’s because I saw we got the drop down we started coming back up I was like well this looks like another classic deviation for Bitcoin and Bitcoin absolutely loves to form deviations look at this resistance level right here deviation above it absolutely beautiful Every single time I used to hate these deviations now that I know how to trade them I love them I love them so here you go I hope you have enjoyed this video we are still up at that resistance level we’re doing really well though definitely looks like Bitcoin can climb A little bit higher so this could turn into a much more exciting daily close in the next 50 minutes you guys are gonna know because you’re going to be watching this video after that uh and of course you know for me I’m going to continue to Uh to keep VIPs updated and all of that good stuff and I will be continuing to adjust my trades this trade I’ve actually taken on by bit and OK x and by the way okay X again up to thirty thousand dollars in bonuses but the reason okx is cool is because their Bonuses are actually really easy to get C for buy bit if you want to get up to 30k you have to deposit quite a bit of money with okx you only have to deposit fifty dollars and you’re gonna get up to 2 twenty thousand dollars in bonuses Just in the form of mystery boxes right so it doesn’t matter how much you’re actually depositing onto the platform you still have a chance at winning some really big rewards so well worth checking out I hope you have enjoyed this one check out the links down below If you wanna uh if you are interested in trading on the platforms that I’m using and telegram links down below if you do want to jump inside of my VIP group see them how see how I’m navigating my winners see how I’m navigating my losses see how I’m you know kind of developing The thought process for traits there’s a lot that goes into it I take this really seriously I’m doing all the work and if you want to come in and see what I’m doing uh then bam there you go on the screen right there I really hope you’ve Enjoyed this one you know what to do and I’ll see you all in the next one cheers This Bitcoin and Cryptocurrency trading analysis applies to various exchanges.Tackling questions like if Bitcoin can reach all-time highs again or how low BTC will crash.Things like the lightning network have provided huge improvements for BTC and while it is true that others like Roger Ver with Bitcoin Cash (bcash) may disagree, I do see these blockchain technology innovations to be very bullish fundamental signs for the space.My second channel for daily altcoin analysis: https://bit.ly/ForfliesD 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This bitcoin market trading analysis applies to various exchanges, including Bybit, Bitget and Binance.Tackling questions like if Bitcoin can reach 20k again and if we will be seeing a crypto currency market recovery this year.None of my Bitcoin (BTC) – or any other cryptocurrency videos/online posts – are to be used as financial advice.I am not liable for any losses you may incur when trading crypto, always do your own research (DYOR).
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