Bitcoin Is Preparing A Price FAKEOUT [financial abundance]

Summary

The video discusses a potential market setup for Bitcoin, analyzing daily statistics and suggesting that Saturdays in 2024 have a 55% chance of closing positively. It forecasts a likely range of movement for Bitcoin, with a critical support level above $66,000. The presenter also introduces a technical analysis tool, the Crown VMP indicator, which predicts an upcoming bullish move if certain conditions are met. The video concludes with a teaser of a sale for the upcoming week and a promotion for a free trial of a signal service.

Takeaways

• 📈 The speaker discusses a setup that could potentially provide price and timing probabilities for Bitcoin's next move.
• 🗓️ The analysis includes daily statistics from the beginning of 2024, showing Saturdays have a 55% chance of closing positively with an average return of under 1%.
• 📉 The script mentions that if Bitcoin experiences a loss, it averages around 1.5%, and Friday's statistics played within this range.
• 📍 The speaker anticipates a 'boring' market for Saturday with a potential range of 1% to the upside and 1.5% to the downside, suggesting stability.
• 📊 Monday is highlighted as having the highest probability of closing positively since the beginning of 2024, with a 71.5% chance and significant average returns.
• 🚫 A critical number for Bitcoin is identified as 67,800, where a closure below this could indicate a reversal in the market trend.
• 📉 A bounce attempt is defined as a 'sticky area' where trading can occur, but it does not necessarily imply a reversal.
• 📉 The speaker suggests that as long as Bitcoin remains above certain thresholds, the bullish trend is likely to continue.
• ⏱️ A specific setup using the Crown VMP indicator is discussed, which has been effective in timing upside moves since the beginning of 2023.
• 💰 The setup is expected to trigger an entry signal within hours, potentially indicating a bullish move that could last for about a week.
• 🏆 The setup's historical performance suggests a winning trade average of nearly 15%, which is nearly double the average losing trade, making it a favorable long-term strategy.

Q & A

What is the main topic of the video?

The main topic of the video is discussing a setup that could provide price and timing probabilities for Bitcoin's next move, as well as the critical number that bulls must hold above to indicate a continuation rather than a reversal.

What is the significance of activating light code frequencies within DNA as mentioned in the video?

The phrase about activating light code frequencies within DNA seems to be a metaphorical or motivational introduction to the video's content, rather than a literal scientific process. It suggests igniting the flow of abundance, which could be interpreted as a prelude to discussing financial or investment strategies.

What is the average return for Saturdays since the beginning of 2024 according to the video?

According to the video, Saturdays have an average return of just under 1% since the beginning of 2024, with 55% of all Saturdays closing positively from open to close.

What was the average loss when Saturdays closed negatively since the beginning of 2024?

When Saturdays closed negatively since the beginning of 2024, they lost an average of about 1.5%.

How did Friday's statistics compare to the average in the video?

Friday's statistics played out within the expected range, finding the range low at exactly the average loss low and closing around the average gain.

What is the expected range for Bitcoin's price for the upcoming weekend based on the video?

The video suggests that the range for Bitcoin's price over the upcoming weekend is likely to be boring, with about 1% to the upside putting Bitcoin back around yesterday's high, and about 1.5% to the downside putting it around $67,500.

What is the highest probability day to close positively since the beginning of 2024 according to the video?

According to the video, Monday has the highest probability since the beginning of 2024 to close positively, with just over 71.5% chance and a significant average return.

What is the critical number that bulls must hold above according to the video?

The critical number that bulls must hold above, as mentioned in the video, is around $66,000. As long as Bitcoin's price remains above this level, the setup still favors long-term upside.

What does the video suggest about the likelihood of a reversal if Bitcoin's price closes below certain levels?

The video suggests that if Bitcoin's price closes below $66,000 on a daily basis or around $67,700-$67,800 on a 5-day time frame, it would be indicative of a reversal, likely bringing Bitcoin back down to the lower 60s.

What setup does the video discuss that could indicate the timing of the next move for Bitcoin?

The video discusses a setup based on the Crown VMP indicator, which suggests that if the indicator gets below 10% or more in an uptrend on the 12-hour and 3-day time frames, it will signal an entry and potentially time the next upside move.

What is the expected average winning trade percentage and average bars in winning trades for the discussed setup?

The discussed setup has an average winning trade of just under 15% and the average amount of bars in winning trades is 14, which on a 12-hour time frame equates to approximately 7 days.

What does the video suggest about the potential new all-time highs for Bitcoin if certain conditions are met?

The video suggests that if the discussed setup fires off and conditions align with other setups discussed on the channel, there could be new all-time highs for Bitcoin, potentially reaching towards $77,000 to $78,000.

What is the significance of the 5-day stochastic oscillator mentioned in the video?

The 5-day stochastic oscillator is significant as it indicates the momentum of Bitcoin's price action. A new tick over this indicator and a pivot move down to $6,575 suggest that as long as Bitcoin's price is above these levels, the market favors more immediate continuation rather than a reversal.

What is the implication of the video's mention of a sale starting on Monday?

The video mentions a sale starting on Monday for Memorial Day week, suggesting that viewers who are considering any of the programs or products discussed might want to wait a couple of days to take advantage of the discount.

What is the recommendation for viewers considering Meta Signals' 14-day free trial?

The video recommends that viewers check out Meta Signals' 14-day free trial to see if their spoon-feeding signal service is something they would like to use. The trial allows viewers to try the service without any commitment.