Everything's screaming crash for bitcoin. However......
Summary
TLDRThe speaker provides an in-depth analysis of Bitcoin's current market situation, urging viewers to pay close attention to key support and resistance levels. Emphasizing the importance of daily price movements above or below $69k, the speaker suggests a bullish stance above this threshold but warns of potential bearish trends if it's breached. They also discuss the possibility of short-term pumps and highlight the significance of the upcoming Federal Open Market Committee (FOMC) meeting. Additionally, the video touches on trading strategies for Nvidia, offering specific entry points for long and short positions post-split.
Takeaways
- 📊 The speaker emphasizes the importance of watching Bitcoin's price levels, suggesting that a break below key support could lead to a significant drop.
- 📉 The video discusses the possibility of Bitcoin pushing higher in price but stresses the need to be cautious and pay attention to specific resistance and support levels.
- 👍 The speaker asks viewers to like the video if they want more frequent content, highlighting the importance of viewer engagement for content creators.
- 📈 The speaker had previously advised going long on Bitcoin when it hit certain support levels around $68k, which resulted in a profitable push up to almost $72k.
- 🔄 The analysis includes multiple charts with various indicators such as RSI and Bollinger Bands, which are used to identify key support and resistance levels.
- 🚫 The speaker warns that if Bitcoin's daily opens fall below $69k, it could signal a bearish trend and a potential significant downturn in price.
- 📍 Specific price levels are highlighted as crucial for making trading decisions, such as $69k as a support level and $73k as a strong resistance level.
- 📊 The speaker discusses the significance of the MACD and RSI indicators on the daily charts, suggesting that certain patterns could lead to price pumps.
- ⏳ The video mentions the upcoming FOMC meeting as a potential catalyst for market movement, indicating the need to watch for its impact on Bitcoin's price.
- 💡 The speaker provides a detailed analysis of Nvidia's stock price post-split, noting how price still respects previous Fibonacci levels and suggesting potential short entry points.
- 📉 The overall sentiment leans towards a cautious approach, with the speaker providing multiple price points for potential shorting or long positions, depending on market movements.
Q & A
What is the main topic discussed in the video script?
-The main topic discussed in the video script is the analysis of Bitcoin's price trends and key levels to watch for potential investment decisions.
What does the speaker suggest for viewers to do if they want more frequent video uploads?
-The speaker suggests that if viewers want more frequent video uploads, they should like the video to show their support and interest.
What is the key support level for Bitcoin mentioned in the script?
-The key support level for Bitcoin mentioned in the script is 69k.
What action did the speaker recommend when Bitcoin's price was around 68k?
-The speaker recommended going long when Bitcoin's price was around 68k.
What is the significance of the blue rings in the video script?
-The blue rings signify key resistance levels in Bitcoin's price chart, and historically, crossing these rings has been followed by a price pump.
What does the speaker suggest could be the next resistance level for Bitcoin after 69k?
-The speaker suggests that the next resistance level for Bitcoin after 69k could be around 70,600 to 71,500.
What is the speaker's view on the potential for Bitcoin's price to go higher based on the charts?
-The speaker is uncertain but provides levels to watch, suggesting that while it's possible for Bitcoin's price to push higher, there is a significant amount of resistance that could limit the upside.
What are the recommended exchanges for leverage trading mentioned in the script?
-The recommended exchanges for leverage trading mentioned in the script are CoinCas, BingX, and Bitget.
What does the speaker suggest for viewers who are interested in trading on Binance?
-The speaker suggests that viewers interested in trading on Binance should watch a tutorial video on how to open long and short positions, set stop losses, and use trigger orders.
What is the potential downside target if Bitcoin's price breaks below the key support level of 69k?
-The potential downside target if Bitcoin's price breaks below the key support level of 69k is not explicitly stated, but the speaker implies a significant drop is possible, with levels around 63k to 64k mentioned later in the script.
What is the speaker's strategy for trading Nvidia based on the script?
-The speaker suggests that if looking for a short entry or to buy puts on Nvidia, the levels around 137 to 152 would be ideal, with stops placed above that level. For long entries, if the price drops, levels around 96 to 85 would be good points to consider.
Outlines
📈 Bitcoin Market Analysis and Key Support/Resistance Levels
The speaker begins by addressing the current sentiment around Bitcoin, suggesting a bearish outlook based on the title and thumbnail. However, they delve into a technical analysis, emphasizing the importance of certain price levels. They mention their usual viewership and engagement metrics, urging the audience to like the video for more frequent content. The speaker discusses past predictions and their accuracy, particularly highlighting a long position call when Bitcoin was around $68k, which resulted in a profitable outcome. They stress the significance of the $69k level as a key support, and above this, a bullish stance is maintained. Conversely, if the price drops below this level, a bearish shift is anticipated. The speaker also provides insights on potential future resistance levels and the importance of watching for the next candlestick opening in less than 10 hours, suggesting it could be a decisive moment for the market direction.
🔍 Analyzing Bitcoin's Technical Indicators and Market Direction
In this paragraph, the speaker continues the technical analysis of Bitcoin, focusing on the importance of daily candlestick openings above the $69k level to maintain a bullish stance. They discuss the potential for a market pump due to the sideways movement and the historical tendency for pumps after crossing certain 'blue rings' on the charts. The speaker identifies key resistance levels at $70,600 and $7,770, suggesting these as potential points for taking profit on long positions or opening short positions. They also mention the importance of the Relative Strength Index (RSI) on the daily chart, indicating that a cross could lead to an upward push. The speaker wraps up by emphasizing the significance of the $69k support level, noting that if it becomes resistance, there could be significant downside risk.
📊 Bitcoin's Overextension and Potential Market Outcomes
The speaker discusses the overextended state of Bitcoin's technical indicators, comparing the current situation to historical data from 2018. They highlight the potential for a significant market downturn based on the overextended Moving Average Convergence Divergence (MACD) and the VSH RSI Plus indicator. The speaker provides detailed resistance levels, suggesting that if Bitcoin's price can maintain above certain thresholds, there could be room for further upside. However, they caution that the overall market sentiment, as indicated by the overextended indicators, points to a high likelihood of a downward trend. They also mention key support levels below $69k, such as around $66k, and the potential for even more significant downside if these levels are breached.
🚨 Economic Indicators and Their Impact on Bitcoin's Future
In this section, the speaker touches on broader economic factors that could influence Bitcoin's trajectory. They mention credit card debt and delinquencies as signs of a struggling economy, contrasting this with the stock market's all-time highs. The speaker provides key target levels for Bitcoin, emphasizing the importance of daily opens above $69k for maintaining a bullish outlook. They also discuss potential short entry points around $72,000 to $73,000 and highlight the significance of the Federal Open Market Committee (FOMC) meeting, suggesting it could trigger a significant market move. The speaker advises caution, especially if the price drops below key support levels, indicating a potential for a substantial bearish trend.
💡 Nvidia's Stock Analysis Post-Stock Split
The speaker shifts focus to Nvidia, discussing the stock's behavior following a recent split. They highlight how the stock price continues to respect pre-split Fibonacci channels and resistance levels, despite the split altering the price scale. The speaker identifies specific price points around $137 and $152 as potential short entry points or opportunities to buy put options, with a stop loss above these levels. They also provide potential long entry points around $96 to $85, suggesting these as areas to consider if the price drops significantly. The speaker emphasizes the consistency of the stock's behavior with historical patterns, even after the stock split, and provides a final overview of the key resistance and support levels for Nvidia.
Mindmap
Keywords
💡Bitcoin
💡Support Level
💡Resistance Level
💡Chart Analysis
💡Bullish
💡Bearish
💡Leverage Trading
💡RSI (Relative Strength Index)
💡Bollinger Bands
💡FOMC (Federal Open Market Committee)
💡Nvidia
Highlights
The video discusses the current state of Bitcoin and emphasizes the importance of watching certain price levels.
The speaker asks viewers to engage by liking the video if they want more frequent content.
A key support level for Bitcoin is identified at $68k, with a warning that a break below this could signal a significant drop.
The speaker references past analysis and decisions made in Discord, highlighting a previous long position call at around $68k.
A detailed explanation of how to interpret price action around resistance and support levels is provided, with specific price points mentioned.
The use of the Bollinger Bands and RSI indicators on the daily chart is discussed to determine bullish or bearish stances.
The potential for a short-term bullish trend is suggested if daily opens stay above $69k.
The video mentions the upcoming FOMC meeting as a potential market mover and advises viewers to watch for its impact.
Different chart patterns and their implications for future price movements are analyzed, with a focus on resistance levels.
The speaker shares personal strategies for leveraging trading, including preferred exchanges and how to manage trades.
A specific price range of $72k-$73k is identified as a critical resistance zone for potential short entries.
The potential downside is discussed, with a long-term support level highlighted around $33k on the monthly chart.
The video provides a technical analysis of Nvidia's stock, post stock split, and discusses key levels for potential trades.
The importance of watching for a daily open below $69k as a bearish signal is reiterated.
The video concludes with a summary of key resistance and support levels for Bitcoin, emphasizing the need for vigilance in the current market conditions.
Transcripts
okay guys I'm going to get right to the
point I'm just going to tell you what to
pay attention to as you saw in the title
in the thumbnail everything is screaming
to get the hell out of Bitcoin
however just going by the charts it as
possible we can push up higher so I'm
just going to give you levels to pay
attention to I'm going give you a more
in-depth analysis I'm going to bring out
some charts I haven't brought out in a
while but before we do this look guys uh
I get an average of 10,000 views let say
on average a little less a little more
like four or 500 likes I never ask you
guys to like never ask you guys to
subscribe I guess if you don't ask they
want so if you want to have more videos
put up more frequently and not just one
video every couple weeks then you know
hit the damn like button all right give
me over a th likes maybe I'll put some
videos up more frequently but again if
you don't show your support from me then
it makes me think you're not really
interested and that's the lesson Center
for me to make videos so if you want to
press the like button guys I would
appreciate it so let's jump into this uh
well uh I can tell you right
now we're teetering on a very key
support level if this support level
breaks I think we're going much lower
and I've been talking about this for
quite a while we're still holding above
it in Discord uh I and this was I in my
last video I said going by the ring on
the daily and the weekly by previous
previous rings to go long all right this
was when we were right here around I
already told everybody to go long when
we hit the ring but this was was down we
around 68k all right and we pushed up
to all the way up to almost 70 what
72,000 close to it so that was a pretty
good
long and also in this uh well actually
in Discord now I could have made a video
about this you know they were writing up
this and this this could possibly become
support push back up which is exactly
how it played out so if I had to make a
guess uh where the next day the candle
opened in less than 10 hours know this
this is what I was saying watch where
the next candle open that my guess was
we'd come down we'd hold support you
know we come up and we would test this
resistance actually what happened is we
tested this as support just like
predicted we tested resistance one more
time and then we dropped and then I told
everybody I said pay attention you see
right here we pushed up we got rejected
so price came down and did this my brush
tool here so we came down we we dropped
we pushed back up we did this we got
rejected and then they came back down
and this is level I had to pay attention
to and you can see that in Discord say
take note price labels that are purple
you know like it's important you know
it's being a little silly here but
basically saying look we got rejected at
71k we got rejected right here we this
Confluence guys this how I create the
charts right here the red line shows a
lot of resistance we got a little scam
Wick above we hit this this support flip
Dash resistance right to the tick so
that meant to go short I said pay
attention to the purple price labels you
can see it right down here that will be
your most key support level and we came
down and that was your point too long
and this is your point to stay long
above and again let me just make this
very clear as long as we are above
69k I'm going to stay bullish when we
start getting daily opens below
69k I'm sorry but it's time to flip
bearish now again I'm going to cover
some other charts in more
detail because a lot of these charts are
showing that you know a certain area is
it's a lot of damn resistance and I'm
going to cover Nvidia near the end of
this one as well and guys if you want to
get into lever Trading if you're already
not doing leverage trading or if you
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exchanges if you want to sign up the
links pinned in the first comment and in
the description if you want to learn how
to trade on bigot once you trade on one
you can trade on them all they're pretty
much all the same this teaches you how
to open long set a stop loss d stop loss
how to open a short trigger orders all
that video now if you want to check it
out okay so let's move on so again as I
said right now uh and that's why I made
these purple because they're in
Confluence on two different charts right
we came down decision Point stay long
above we we did a scam Wick below we
push back up you can see that next Wick
was to the tick right here 6868 7 right
so that's why I said stay long above
that point and that was right in
Confluence you got the center Binger
band let give you a little eror here
hold
on this is the center Ballinger band on
the daily all right it's right here at
69k this is a very key level if if you
keep getting daily opens above 69k stay
bullish because we're above the central
Binger band on the daily and we're above
key support levels on my charts so again
very important level uh you can see
right down here this is the macd I'm
sorry this is RSI on The Daily we're
about to get AC cross seems like every
time we get a cross we typically we
typically get a pump don't forget we did
cross that ring which every time we
cross that ring we go higher now I know
we've been going sideways so people they
don't know which way this is going and
you know what I don't either I know
every time we cross into his previous
blue Rings we always get a pump right
now we're going sideways everything
looks bearish for that reason we
probably will get a pump but I just want
to show you why if we do push up I don't
think we're going to go that High guys I
just I think that we're going to get
topped out at a certain point and
possibly come down but I just know that
this is the line to pay attention to all
right so daily opens above stay bullish
but if we get daily opens Below 69k guys
I think we're going much lower but again
pay attention to next daily candle open
if we get across on this RSI typically
when we get across on RSI on The Daily
we typically push up so that's something
to pay attention to uh and let me go a
and give you this next level above all
right so this is your next strongest
resistance level above on this is the D1
chart that is right at let's just say uh
tomorrow that's around 70,600 the day
after that around 7,770 take note top
Binger bin on The Daily lot of
Confluence we push up that's ideal point
to potentially open a short or take
profit on long from
69k let's move on so this is the uh H1
chart and you know I made a post about
this in Discord as well so nothing
really happening just pay attention the
same levels mentioned before this was
your resistance right this you can see
we just bounced every time we hit this
line show hit it short hit it short hit
it short we're we're moving up this
trend line so this is your point Too
Short this is point too long and as I
said key support
69k and you can see how this played out
guys we we came down we got rejected
right here this line was our resistance
and this is now your support so look at
your key support again a lot of
Confluence 69k has to hold if that
becomes resistance I think we have a lot
more downside if we get above let's say
69,900
that becomes support we have a lot more
upside next resistance on this chart is
all the way up around
71,500 and this is where it gets
interesting right you notice right up
here this line every time we hit this
line we push above it a bit and then we
end up getting rejected that's sitting
up around 72,0 367 and again the longer
takes higher that price gets there is a
lot of resistance up around this level
so let me go to some other charts so
this is well this is that that blue ring
now again as I said every time we cross
one of these blue Rings we always get a
pump now I did make a video again like I
said at this point I said the last video
I put up I said go long when we cross
this ring so had you longed at this
point that wasn't a bad long that was
from like 60 67,500 all the way up to
72k and now we're just kind of going
sideways I'm going to show you the
monthly chart as well again everything
is just pointing to more
downside but we crossed this ring and
there's not been one time we've crossed
this ring in not pushed higher so that's
something we have to take into
consideration uh this is just another
chart I just want to point out the
levels guys that's all I want to do I
just want to show you that a lot of
these charts are in
Confluence and if we go sideways this is
on the 2hour right so obviously you know
I'm showing you the daily the other
chart was a daily so these are hourly
candles here so if we just kind of go
sideways right if we just kind of go
sideways and up you know 72,000 7 72,000
5 73,000 that is going to be a key level
this chart is showing this is a very
important level so if we hold support
above this point hey we could go much
higher however we could get rejected
around
73k this is another chart this is name
the chart this is the A1 chart you can
see how well price been respecting the
these key lines right here uh and this
is this is the bit bitstamp chart so if
we push up look another resistance level
look we hit it got rejected here right
got rejected here here here so if we
pushed up look another Target is 73,500
73,800 current support look at that
right at 69k that is a key level and
this chart is still 68700 if that
becomes resistance guys we have
somewhere downside if we if we hold
Above This level stay bullish but pay
attention to
73,500 73,000 around that area because
that show all the charts are showing
that's a lot of resistance this is the
01 chart this chart's been very accurate
as well this is bit stamp
also uh you can see right here this is
uh let's see make this red red mean
short uh that's
72,1 this is on the 4 Hour all right so
there's a little bit more time in these
candles so that's close to 72k if we
pushed above that and the next
resistance level I have is up around 78k
I'm not saying we can't go that high but
we need to pay attention to our key
levels you know 72,000 to
73,000 a a lot of resistance Here If We
Hold above that as support yes we can go
much higher I think if we hold above
72,000 73,000 we're headed up to
probably 78,000 maybe 80,000 that would
be close to the top Binger ban on the
weekly we'll cover that as well your key
support level on this chart is showing
around
66,0 uh
344 your next key support level below
that and again once we get down to these
levels guys I think that you start need
you need to be looking for short
enturies because once you break 69k I
think that is a start of a lot more
downside uh this is just another chart
showing why this is such an important
level all right right up here
72,800 so close to 73k there is so much
resistance up there and all that also
means if we hold a support above this
point we can go much
higher the next key support below is
around
62,63 again I haven't broke uh used
these charts in a while um I just wanted
to go through and look for some
Confluence and just show you why there's
such important levels again this is
another version of a this is basically
just a fib retracement 72,800 so again
like I said if we get above and hold
above
72,800
72,500 73,000 that general area get
bullish from more upside in the meantime
I think you should stay short from this
point that being
said again and I've I've shown you this
chart every time we across one of these
blue Rings we always get a pump all
right it happened uh let me see here
this this ring right here I I don't want
to go back further because I got a lot
on this chart but every time we cross
these Rings we always get a pump and we
just we just cross this ring this is the
second weekly candle open right here so
we need to give it time and see what
happens but we do have resistance levels
just above us and all of those those
levels are in Confluence right right
here is 71,2 56 and if we get Wicks
above we always come back below so the
meat of the candle you know if we get a
wick above 73,000 the meat of the candle
will come back below
71141 if on the weekly you know we get a
weekly uh the me of the candle we get an
open above
71,0 141 up around
72,300 that's going to be bullish again
I'm just showing you there's a lot of
resistance and again that's pretty much
right where our previous high was right
here so though that is your your main
resistance level to pay attention to as
long as they're below that every time we
get around that area I would go
short and this is the monthly I'm going
to go back and make sure you have your
levels but again look at this this is
the uh this is the macd right here right
let me get an arrow so you can see what
I'm talking about you can see right here
uh look the macd was overextended but
this this was back in what 2018 you can
see it was overextended but it looks
nothing like what it is right now notice
this yellow uh this yellow line right
here notice this point right here that's
where we Peak and then see this red
lines where we came down well if you'll
notice this yellow line right here right
you see right here notice how
overextended the the moving averages are
on the macd how high they were we came
down we hit support we pushed back up we
dropped at this red line right same
thing and you can see how overextended
you can see uh this this is called the
vsh RSI plus you can see how um see all
this screen right here it shows how
overextended it is how over extended It
is Well we can see the same things
happening right here and if we measure
if we just measure from here so if we
measure from this point to this point
all right where we Peak that was roughly
40 bars this is on theth this is on the
monthly same thing if you measure 40
days out right um or 40 bars out sorry
uh same thing and and I'm just showing
we are way way OV extended that's what
I'm saying it looks like we could have a
lot of downside just based on going by
the charts we're way overextended you
see how high this is we're at uh what n
almost close to 10,000 where we were
back here in
2021 all the signs are pointing to
topping and coming down and we know that
our most key support level on this chart
right here is down around 33,000 now if
we got one hell of a drop that's a
Target to pay attention to again I'm
just giveing targets I'm just showing
you why it looks like we have a lot of
downside so before I get into a video
let me just cover a few of these levels
to make sure you have everything few
these charts I have on here twice so
again pay attention to 69k as long as we
get daily opens above that point stay
long your next resistance level above is
around 7,700 that's the top B ja B daily
as I said
before we pushed up above that and your
next resistance level again this is
around 74k depends on when you hit it if
we push straight up that's around 7376
64 I would short the hell out of that if
we got that high just I just don't see
us going that much higher just with the
way the economy is uh I'm not going to
go into all of all of this about credit
card debt and delinquencies but I mean
repost there just there's so much stuff
showing that the economy is not doing
well even though the stock market is
putting in new all-time highs the
economy is
suffering and I'm just giving you the
key targets guys so look if if if you
think we're going higher and we did
cross that blue ring so it just by the
blue ring itself it does look like we
could go much higher I'm just giving you
a key level to pay attention to as long
as we hold above 69k all right daily
opens above that point stay bullish all
right and if you want to stay bullish
you stay bullish as long as you want I
think I would just get out and keep
taking my profit if you're longing take
my profit around 72,000 73,000 if you
want to hold it that's up to you it
seems risky to me but I can tell you if
you start getting daily op below 6 69k
we're below this line right here below
the cind Ballinger band on the daily and
I think we're headed down much lower but
do keep in mind we're probably going to
get a daily um cross soon on RSI which
is bullish which send us up 71,000
72,000 uh this chart here this is the H1
chart again so key resistance a b next
Point shorts
69,800 possibly 60 69,900 right get
above that hold of support next
resistance up around 71,500 but again I
I think once you got up from 72,500 to
73,000 that's where you going take
profit and um or at least have a stop
below a certain point in case it drops
back
down uh again uh this is that ring we
crossed uh this is the center let me
give you these targets here so this on
the month this is the weekly let's see
here so on the weekly if we drop down to
that ring that ring is sitting right at
65,562 long at least on the weekly if
you'll take note this is a center
Bullinger band on the weekly that's
coming right up to this point here well
I can't get it right on there but pretty
much close to 6 64,000 all right so that
would be a point too long if we drop uh
to scalp along anyways but we've just
gone sideways since we crossed this ring
I think the last time we crossed this
ring I think the we went not the last
time the time before last it was like
what 12 12 or 13 days so we we've
crossed this ring you're pretty much
going to sway for a while so a dire
you're going to pick a direction soon
enough keep in mind the fomc is what
tomorrow or the next day so something's
going to happen we're a big move soon so
either we're going to drop down to these
key levels and remember once you break
below 69k I think it turns bearish or
we're going to push up so we need to pay
attention and just just watch and see
what happens if we get above 72,5 73,000
get bullish in the meantime I would
short that point because all of the
charts are showing get that as
resistance again
73,800 that's going to be a point to
short 68700 is a key support level
that's right around 69k so if that
starts becoming resistance you know we
have some much lower targets your next
support level below that is going to be
down around 63k so again that's close to
64k and again this 01 chart 72,000 um I
I would just pay attention to those
targets 72,000 73,000 short that area uh
if you want to go long or stay
long it's that's up to you I would if we
got above that point and held support I
might open along there with a stop below
and that would be bullish up to 70 uh
78,000 possibly 880,000 but until that
happens guys again I would just pay
attention to that level I pointed out I
have so many damn charts on the screen
right now but just looking at the
monthly guys we are so overextended and
this this this was a perfect like 40
bars from yellow line to Yellow Line
Peak uh 40 days uh 40 bars out you know
and that's how far out is that if we
just go from here to here that's roughly
what 61 days so I'm just trying to give
you something to pay attention to to me
it looks like we could have a lot of
downside but that does not mean we
cannot get a few pumps just to take out
people that are short because I think a
lot of people are short and expect the
market to drop which means hey maybe we
will push up and that's what that ring
represents you know people people are
going to start thinking we're going to
have some downside and they short and we
get one more pump we push it up and then
we drop but the top Ballinger bin on the
weekly is sitting up around this is
78,500 remember what I said before in
that last video uh 75,000 to 80,000 I
thought potentially could be a top if we
did push up I would definitely take my
profit and get the hell out at that
point but again it looks bearish but
again that's why this Market is so damn
confusing we cross this blue ring we did
get a pump and we came right back down
we're just moving sideways so can we
still go higher I don't know we we'll
see but for now I would just pay
attention to this level right here daily
opens above 69k stay bullish again I
gave you levels that you you can short
or take your profit how long you stay in
it's a gamble that's up to you but I
think once we get daily opens below 69k
I think it's time to start looking for
short entries because in my opinion that
would be bearish as long as you're both
69k that is bullish uh let's cover
Nvidia real quick uh this was a video I
put up a while back about Nvidia and you
can see these these red rings Nvidia
just recently had a split and what's
very interesting about these charts if
you've been following me for a while you
saw um you know I was making predictions
about Nvidia and we we moved up this red
ring we crossed it we dropped see we
moved up this red ring we crossed it we
dropped we had a little drop around this
ring but I just want to show you you
know how price is respecting these these
rings in these FIB channels right this
this line right here was support you see
these rings and these um fif Channel
lines were resistance well we just got a
split all right so all up here all up in
this area was where price was right well
we recently got a split but take note
even after that split look how well
price is still respecting these same FIB
circles are already in place remember
price action was was different before
the split but take note every time we
come up and test one of these um these
these rings and these resistance levels
right we came up tested these two uh
these two blue ring or the blue ring and
the yellow ring got rejected we hit it
we got rejected right it was support got
rejected you can see this flipped as
support perfect support pushed up see
rode up this as a resistance came down
to support moved right up this ring got
rejected at the blue ring got rejected
so I can just tell you if you're looking
for a short entry all right if if if
you're looking to play Nvidia probably
stay long right now
but if you're looking for a good short
entry or a point to uh buy some
puts I have to say uh
137 up to potentially 152 I think let
make that red guys cuz all my charts are
red means short I would open put right
around 137 if we got up to 152
definitely enter there have your if
you're if you're shorting have your stop
above that point if we get above that
point get out of your your shorts or
your puts but I do think this would be
an ideal point to uh short Nvidia around
that area your next support level if we
drop if you want to uh Chance some Longs
give you a price label here obviously
you can see this is going to be a very
you can see this we're still expecting
these red rings but these are rings
we've never interacted with because
there was a split so if we drop the
point you'd want too long there's a
previous high back here you've got you
got FIB channel line in this direction
you got this ring in this direction so
96 down to potentially uh 885 you a
great point to long and make that green
because green means
long so again I would pay attention to
those targets if you're looking for
point two um two short open some puts
for NVIDIA 137 152 and if you're looking
for points to go long if we drop that'
be around 96 to 85 obviously if you get
below that well you want to hold your
puts because we're going much lower I
just thought was interesting after the
split you know we're respecting these
rings and now that price split we're
still respecting these very same FIP
channels and very same FIP circles that
price had not interacted with until the
split and you can see it's still
respecting the chart which I think is
very
interesting okay guys that pretty much
covers your targets again pay attention
69k if we keep getting daily opens above
guys and keep in mind we're going to a
bullish crawl soon fomc is coming up
soon above 69k guys stay bullish once we
get daily opens uh below that I would I
sorry but it looks bearish and I think
we have a lot more downside again guys
than you L for saying three exchanges I
use and Trust are big at being X and
coin cats all three of those if you want
to sign up links are pinned in the first
comment description if you want get
access to these live charts and Discord
you can sign up the links pinned the
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crypto.com if you have tutorials teach
you more charting method and stocks as
well like I just showed you in video so
if you want take advantage of paying
with usct you can but you need to email
me through the website and if you do
sign up make sure you email me through
the website get access to Discord
guys this R longest want to cover all
these charts and explain why these
levels are so important so just remember
that
73k is your key resistance level get
above that we're bullish up to maybe
708k
80k but if we start getting daily opens
Below 69k guys I I think that we have a
lot more downside I see you guys I'm out
CH smart
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