BREAKING: BITCOIN JUST PRINTED 3 BIG SIGNS – DO THIS NOW
Summary
TLDRThis crypto market update highlights three significant signs for Bitcoin investors: a bullish candlestick pattern on the weekly chart, a stochastic RSI cross indicating momentum, and an RSI break above a key resistance level. The presenter emphasizes the importance of these signals, suggesting a potential uptrend for Bitcoin. They also promote a limited-time offer for a comprehensive membership to their trading platform, Crypt University, with substantial savings and exclusive content to help users navigate the market.
Takeaways
- 📈 Bitcoin has shown three significant signs on the weekly chart which may indicate a change in market direction.
- 🔑 A specific candlestick pattern has appeared on the chart, suggesting a potential bullish signal.
- 📊 The Relative Strength Index (RSI) has broken through a key resistance level, indicating a possible reversal from a downtrend.
- 🌐 The stochastic RSI has crossed, which historically occurs approximately every six months and is a positive momentum indicator for Bitcoin.
- 💡 The presenter emphasizes the importance of the 21 Simple Moving Average (SMA) as a key support and resistance level in both bull and bear markets.
- 🚀 Bitcoin's price action has reclaimed the 21 SMA with strong momentum, suggesting a potential bullish breakout.
- 📉 The script discusses the importance of avoiding bearish divergence to sustain a rally and the need for a higher high in the RSI to confirm an uptrend.
- 💰 The presenter is promoting a limited-time offer for a comprehensive membership at a discounted price, which includes various trading resources and alerts.
- 🏆 Testimonials are shared to highlight the success of members who have significantly increased their earnings through the membership's guidance.
- ⏰ The offer is time-sensitive, with the price expected to increase after the promotional period ends.
- 🙏 The presenter expresses gratitude for the support and emphasizes the value of the content provided, as well as the integrity of the products being promoted.
Q & A
What is the significance of the yellow line on the weekly chart mentioned in the script?
-The yellow line on the weekly chart represents a critical support or resistance level. In this context, Bitcoin breaking through this line indicates a potential reversal in the market trend, suggesting a bullish movement.
What does the RSI indicator measure and why is it important in the script?
-The RSI (Relative Strength Index) is a momentum oscillator that measures the speed and change of price movements. It is important in the script because it helps identify overbought or oversold conditions in the market, which can be a precursor to potential trend reversals.
What does the script suggest about the stochastic RSI crossing?
-The script suggests that the stochastic RSI crossing is a significant bullish signal. It indicates that the momentum is shifting in favor of the bulls, which could potentially lead to an upward price movement in Bitcoin.
What is the significance of the 21 SMA in the context of the script?
-The 21 SMA (Simple Moving Average) is a technical indicator used to identify trends. In the script, Bitcoin reclaiming the 21 SMA on the weekly chart is seen as a positive sign, indicating that the bearish trend might be ending and a bullish trend could be starting.
What is the 'twomon gravestone doji' mentioned in the script and its relevance?
-The 'twomon gravestone doji' is not a standard technical term but seems to refer to a specific candlestick pattern that could indicate a potential reversal in the market. Its relevance in the script is that it is part of the ongoing battle between the weekly stochastic RSI and the bearish pattern, suggesting a critical market juncture.
What does the script imply about the current state of the Bitcoin market?
-The script implies that the Bitcoin market has been range-bound for over 150 days and is showing signs of a potential bullish trend due to the breaking of key technical levels and indicators like the RSI and stochastic RSI.
What is the recommended approach for investors according to the script?
-The script recommends that investors remain levelheaded, watch for a breach of the all-time high, and monitor the stochastic RSI and RSI indicators for signs of a sustained bullish trend without bearish divergence.
What is the '86% savings' offer mentioned in the script and how does it relate to the broader message?
-The '86% savings' offer refers to a limited-time discount on a comprehensive membership to a service called 'Crypt University.' It relates to the broader message by positioning the service as a valuable resource for investors looking to navigate the crypto market effectively.
What is the significance of the 'weekly stochastic RSI cross' in the script's analysis?
-The 'weekly stochastic RSI cross' is a momentum indicator event that, according to the script, has historically occurred every six months and is a reliable signal for the start of an upward trend in Bitcoin's price.
What is the potential 'surprise' mentioned at the end of the script?
-The script teases a 'surprise' that will be discussed in the next video, which is expected to pair with the weekly stochastic RSI to make it significantly stronger, suggesting an additional bullish signal or factor that will be revealed later.
Outlines
🚀 Bitcoin's Significant Market Movements
The first paragraph highlights three major signals in the Bitcoin market. The speaker discusses Bitcoin's recent price action, noting its breakthrough of a key resistance level (the 21 SMA) on the weekly chart. This is emphasized by a specific candlestick pattern that suggests a strong bullish signal. Additionally, the Relative Strength Index (RSI) is mentioned, breaking through a significant red line, indicating a potential shift in market momentum. Lastly, the stochastic RSI is noted for its 'epic' behavior, though the specifics are not detailed in this paragraph. The speaker also promotes a limited-time offer for a comprehensive membership to a trading platform, emphasizing its value and the urgency of the offer due to the impending price increase.
📈 Bitcoin's Price Action and RSI Breakthrough
In the second paragraph, the focus is on Bitcoin's price action and its implications. The speaker points out that Bitcoin has been in a sideways trend for 150 days, with the 21 SMA being a critical support level in bull markets and a resistance level in bear markets. The recent candlestick that reclaimed the 21 SMA is highlighted as a significant bullish signal. The speaker also discusses the weekly stochastic RSI, which has crossed a threshold that historically indicates a bullish momentum. The RSI itself is noted for breaking a downtrend, suggesting a potential reversal from a bearish to a bullish trend. The speaker emphasizes the importance of Bitcoin closing above certain resistance levels to confirm an uptrend, and concludes with testimonials from satisfied members of a trading community, encouraging viewers to join.
💬 Promoting a Limited-Time Offer and Reflecting on Integrity
The third paragraph is primarily a promotional message for a limited-time offer on a trading membership. The speaker reflects on his commitment to integrity, stating that he has turned down lucrative paid promotions that would have required him to mislead his audience. Instead, he focuses on creating and promoting products that genuinely help people, emphasizing his dedication to helping his audience succeed. He mentions that he only promotes his products four times a year, and this is one of those occasions. The speaker also thanks his audience for their support and understanding of his approach, highlighting the transformative impact of his products on people's lives.
📊 Analyzing Bitcoin's Technical Indicators and Future Outlook
The final paragraph delves into the technical analysis of Bitcoin, focusing on the importance of the stochastic RSI and the potential for a new all-time high. The speaker warns against complacency, reminding viewers that the market is still in a battle between the weekly stochastic RSI and the two-month gravestone doji. He advises viewers to remain levelheaded and watch for a breach of the all-time high and a higher high in the RSI to confirm a sustained bullish trend. The speaker also warns about the risk of bearish divergence, where a new price high is not supported by a corresponding high in the RSI, which could signal a short-lived rally. The paragraph concludes with a teaser for a future video that will reveal a 'surprise' that strengthens the bullish case for Bitcoin.
Mindmap
Keywords
💡Bitcoin
💡Weekly Chart
💡RSI (Relative Strength Index)
💡Stochastic RSI
💡21 SMA (Simple Moving Average)
💡Price Action
💡Bull Market
💡Bear Market
💡Momentum
💡Bullish Divergence
💡Financial Worries
Highlights
Bitcoin has shown three significant signs on the weekly chart, indicating potential market movements.
The price of Bitcoin broke through a key resistance level, marked by a yellow line on the chart.
A specific candle pattern appeared, suggesting a strong momentum in the market.
The RSI indicator broke through a critical resistance line, indicating a possible trend reversal from downtrend to uptrend.
The stochastic RSI indicator performed an 'epic' move, hinting at a significant market event.
A limited-time offer for a comprehensive membership is presented, with an 86% discount.
The membership includes live trading sessions, mini courses, market reports, and more to aid financial growth.
Testimonials from members are shared, highlighting significant financial gains within a short period.
The presenter emphasizes the importance of the 21 SMA in identifying support and resistance levels in the market.
A detailed analysis of the weekly stochastic RSI cross is provided, explaining its historical significance in Bitcoin's price movements.
The presenter discusses the importance of avoiding bearish divergence to sustain a bullish market trend.
A special message of gratitude is shared, emphasizing the presenter's commitment to providing value and helping the community.
The presenter reflects on their approach to promoting products only four times a year, focusing on quality and life-changing impact.
A call to action is made, urging viewers to take advantage of the limited-time offer before prices increase.
The presenter outlines the next steps for viewers to watch, including the potential for a new all-time high and the behavior of the stochastic RSI.
A teaser is given for the next video, promising to reveal a 'tag team duo' that will strengthen the current market signals.
Transcripts
breaking news in the crypto space
Bitcoin just printed three huge signs
that you have to know what they are and
what they mean take a look on the weekly
chart Bitcoin breaking through this
yellow line with a very specific candle
I need to let you know about this number
two middle of our screen RSI breaking
through this red line for the first time
in a long time I need to let you know
what this means and third the star the
show stochastic RSI doing something epic
I need to let you know all three and
what they mean and what you should be
doing right now let's get into it time
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university.com now clock is ticking by
the way as at the end of the show I have
a very important message to share with
you here we are Bitcoin US dollar Index
and we are on the weekly chart on the
weekly chart three big signs coming into
the market let's start with the top of
our screen then we're going to work way
into the middle we're going to wind out
the show with the bottom of our screen
and then at the end I'm going to let you
know what you should be doing right now
given these three big signals coming
into the market let's start with price
action price action what you notice
right away is Bitcoin has been moving
sideways for
150 days there's one moving average
that's incredibly important to have on
your charts for the rest of time on a
weekly chart for all bull markets in all
bare markets it's the 21
SM the simple moving average if you zoom
out and you look at every single bull
market we generally hold it as support
if you look at any bare Market we we
generally hold that line as resistance
therefore Bitcoin had breached this
level adding some concern and some doubt
into the market however just recovering
hot off the press it just printed this
candle right here which by the way is a
very cryptic candle it has a story to
tell not only did it hold as support for
the first time in a while it did so in a
Monumental way we're going to circle
back to exactly what kind of candle this
is but clear is day unequivocal facts we
have held this level we have reclaimed
the 21 SMA on the weekly chart hot off
the press breaking news now we have been
moving sideways so any price movement
inside of our channel is Almost
irrelevant our channel has our top
around
73,0 600 and our bottom of around 57,000
so we have been moving sideways for over
150 days however a few months ago I told
you the only way that Bitcoin can break
above here is the legendary weekly
stochastic RS cross which by the way
happens like clockwork every six months
and just like clockwork has happened so
far in bitcoin's history right on
schedule we had a weekly stochastic RI
cross right when Bitcoin was around
54,000 when there was a lot of
uncertainty in the market we had this
cross that we had been waiting a few
months for and I said look Bitcoin will
continue to be range bound the only way
to break above here is the weekly
stochastic RI cross but there's more to
it because as you know we have the
twomon gravestone dogee in the weekly
stochastic RSI is going up against the
twomon gravestone DOI more on that a bit
later however we had a weekly stochastic
I cross rad on schedule we expected it
to happen in July or at the latest
August and here we are still in the
month of July and right on schedule a
weekly stochastic SI cross that took us
from 54 to finally reclaim this 21 SMA
but it doesn't stop there middle of our
screen RSI remember overbought oversold
we had dipped all the way down to this
pivot low back in the beginning of July
making a double bottom with our prior
pivot low from almost 1 year ago
September 2023 so far Bitcoin has been
in a downtrend in the RSI since March
not my opinion unequivocal facts we have
a high we have a lower high we have
another lower high and we had another
lower high while making lower lows by
definition that's a downtrend that's not
my opinion these are facts we talk about
facts on this channel which is why you
just subscribed however what you can see
is in order to break a trend and and
start to have an uptrend from a
downtrend you've got to break through
some key Market structure and some key
resistance which Bitcoin just plowed
through this red line and had a weekly
close so this is hot off the press not
only did we close above the 21 SMA we
closed above the red line now here's
what this means what it means is Bitcoin
has been in downtrend and we are trying
like hell to break that and to start an
uptrend this is step one of that show a
breakthrough step two of that is we need
Bitcoin to get up above this 70 area on
a weekly chart and close there that will
take out this pivot low here right that
was a a high a lower high a lower high
we need to take out that lower high and
start making a higher high that would
start to reverse this trend and we need
to to make higher lows and higher highs
and we will have ourselves an uptrend
which is exactly what Bitcoin needs in
order to break this alltime high and
make a new one now that we have these
three facts in order we understand every
6 months stochastic RSI across that's
momentum into the market we understand
we're starting to break Trend with our
RSI still a lot of work to do but
showing a great sign and we broke above
here I mentioned we're going to circle
back to this candle here so not only did
Bitcoin reclaim this level the 21 SMA
how did it reclaim it you can say well
we had a wick down here we don't care
about the Wicks we care about the bodies
bodies tell the facts Wicks tell the
story and the facts are we closed above
here unequivocally what's the story well
the story is not only did we close above
here we actually had a lot of momentum
in the market this past week Josh says
Steve's courses and FFA have transformed
my trading in just a few weeks Peter
says you changed my life JW said don't
be stupid sign up if I can make 16 times
my money you can for sure when Lambo
said joining the FFA was the best
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transform your life next join our
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Crypt crew university.com go figure we
had a weekly stochastic R High cross but
we had prices come all the way back down
into the
$63,000 area and it was bought up
quickly it was bought up so quickly that
it pushed us all the way up here and we
closed way up here which means we have
momentum on our side plain and simple
momentum not now heading into this
coming week hot off the press we've got
momentum right so not only do we have
momentum in price action we do have a
little bit on our side with the RSI but
we have even more with the stochastic
RSI earlier in the show I mentioned I
have a special message for you at the
end well here it is I just wanted to say
thank you thank you for supporting me
I'm about to start my eighth year here
on YouTube and over these years I've
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I didn't focus on Dirty Money I focused
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that's what I've been focused on this
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whole year I don't promote anything I
provide so much value here from my heart
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I promote these things that I built that
transform lives I've literally minted
tons of millionaires with these products
I should promote them every day but I
don't I provide tons of value
unequivocally undeniable facts that
actually help you
but four times per year I sit here and I
promote my products that I know are
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say thank you for understanding that and
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understanding the broader picture like I
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on these videos you can't hide stuff
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Steve has a sale he should promote this
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support and look time is running out
this is going to be your last chance to
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end a sale we never go back down to that
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don't let prices go up go sign up get
something that actually will help you
change your life and your family's
future now what does all of this mean
and what should you be doing now if you
watch our Channel you can understand hey
we've been going range Bound for 150
days we've been looking to make a new
alltime high the only way to possibly do
that is a weekly stochastic I cross we
had that a couple weeks ago we're a
couple weeks in now and we're starting
to show some signs of strength go figure
this is what we thought would happen now
what you need to do is remain
levelheaded this doesn't mean we're out
of the woods yet we still have the
two-month gravestone dogee this is the
battle that we have been talking about
about for months it is just the
beginning of the battle nothing has
happened there's no extra bullishness or
extra bearishness it's still the same
story it's just playing out before our
eyes it's what I warned you about months
ago I said look we've got this battle
the weekly stochastic RSI the two-month
gravestone dogee somebody's going to win
what's going to happen first is we're
going to have a weekly stochastic R side
cross prices are going to start going up
people are going to start getting
excited but the battle is the battle
Bitcoin has to do these two things in
order to
truly Excel into phase four of the bull
number one it's got to create a new
all-time high and number two it's got to
avoid bearish Divergence meaning if we
break a new all-time high in price
that's great how long can it last is a
more important question and if we have a
higher high in price meaning this was
our high here and then we had a higher
high but we have a lower high in the RSI
meaning this was our high here when we
had our all-time high and then the RSI
maybe gets around here it would be a
high and a lower high while at the price
it would be a high and a higher high
that by definition is a bearish
Divergence which means that that rally
upward wouldn't last long plain and
simple so that what we talked about
months ago what I warned you about
months ago we are here we are living it
now we are living it breathing it eating
it now there's going to be bullishness
coming into the market market prices are
going to start Rising but you are going
to remain levelheaded now as I mentioned
for this entirety of the bull run it's
more risky to be out of Bitcoin than in
Bitcoin plain and simple if you're in
crypto for three four five six years
it's always during a bull run going to
be more risky to be out of Bitcoin than
in Bitcoin so what do I want you to do
now I want you to remain levelheaded
look at the fact
watch our all-time high we've been range
Bound for 150 days any price movement
inside of here is almost irrelevant the
only thing that's relevant is a breach
of an all-time high and then watch our
stock stochastic RSI we don't want to
have a cross down and we want to have
the RSI get a higher high that's it
that's what I want you to be watching in
a nutshell but there's more to it
there's a surprise that's coming in
pairing with this weekly castic SI to
make it significantly stronger it's a
tag team Duo and I'm going to be showing
you on the next video so hit that
subscribe button I'll see you right back
here in the next video is my yearly plan
too much not to worry we have a cheaper
monthly price check it out now Crypt
crew university.com
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