Bitcoin Is Preparing A Price FAKEOUT [financial abundance]
Summary
TLDRThe 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.
Outlines
📈 Crypto Market Analysis and Price Prediction
The video discusses a potential market setup for Bitcoin, focusing on price and timing probabilities for the next move. It highlights the importance of certain price levels for bullish continuation, suggesting that as long as Bitcoin remains above a critical number, a continuation is more likely than a reversal. The speaker analyzes daily statistics, noting that Saturdays have a higher probability of closing positively since the beginning of 2024. They also mention that Friday's market performance aligns with historical averages. The analysis continues with a look at the 5-day and daily time frames, identifying key support and resistance levels. The speaker anticipates a potentially 'boring' market over the weekend with more significant movements starting on Monday, which historically has the highest probability of a positive close since the beginning of 2024.
📊 Technical Indicators and Trading Setups
This paragraph delves into technical analysis, using indicators to predict Bitcoin's short-term price action. The speaker references the Crown VMP indicator, suggesting that a value below 10% could signal a bullish entry, especially when combined with an uptrend on the 12-hour and 3-day time frames. Historical performance data is presented, indicating a slightly above 50% success rate for this setup, with average winning trades significantly exceeding average losing trades. The speaker predicts that if the setup triggers, it could indicate a bullish move over the next seven days, potentially reaching new all-time highs around $77,000 to $78,000, aligning with other discussed setups. The importance of monitoring the setup's activation is emphasized, with a reminder to check back in the following video for updates.
🎉 Upcoming Sales and Free Trial Offers
The speaker concludes the video with a mention of an upcoming sale for Memorial Day week, advising viewers to wait for potential discounts on the services and products offered. They also promote a 14-day free trial for Meta Signals, a signal service for traders. The speaker humorously encourages viewers to take advantage of the free trial, likening it to being fed worms by a bird in the early morning. The video ends with a reminder to check back for updates on the trading setups and the sale, wishing viewers the best in their trading endeavors.
Mindmap
Keywords
💡Light code frequencies
💡Price probabilities
💡Timing probabilities
💡Major number
💡Continuation
💡Daily statistics
💡5-day time frame
💡Median
💡Daily range
💡Stochastic oscillator
💡Crown VMP indicator
Highlights
The video discusses a setup for predicting future price movements and timing probabilities in the cryptocurrency market.
Activating light code frequencies within DNA to enhance abundance is mentioned, suggesting a metaphysical approach to trading.
Daily statistics from the beginning of 2024 show Saturdays have a 55% chance of closing positively.
Friday's market performance aligns with historical statistics, indicating a potential for Saturday to follow suit.
The speaker predicts a 'boring' market for Saturday, suggesting stability with a potential 1% upside.
Monday has the highest probability of closing positively since the beginning of 2024, with over 71% chance.
A critical number for Bitcoin is identified at 67,500, which if breached, could indicate a reversal.
The 5-day time frame analysis suggests a bullish continuation if Bitcoin stays above the median.
A daily time frame analysis indicates a potential concern if Bitcoin closes below 66,000.
The 5-day stochastic oscillator suggests an uptrend as long as Bitcoin remains above 66,000.
A setup using the Crown VMP indicator is introduced, which has been effective in timing upside moves since 2023.
The setup is expected to trigger an entry signal within hours, potentially indicating an imminent price increase.
The average winning trade based on the setup is nearly 15%, with a 55% strike rate.
The setup predicts a likely 7-day period of upside price action for Bitcoin.
A potential new all-time high for Bitcoin is suggested, possibly reaching 77,000 to 78,000 dollars.
The video concludes with a reminder of an upcoming sale and a 14-day free trial for Meta Signals.
The speaker emphasizes the importance of the setup's potential to predict new highs for Bitcoin in the coming weeks.
Transcripts
in today's video we're going to be going
over a setup that could far off as soon
as later today which would give forwards
price probabilities as well as timing
probabilities for the next move to come
as well as the major number the critical
number that Bulls must well hold above
which they have been holding above that
does indicate that continuation is more
likely than not than a reversal in this
case so without further Ado we'll start
things off right on over
here the time is now to
activate the light code frequencies
within your
DNA that will
ignite the flow of
abundance and with that said we're going
to be getting into some actual face
charts rting over here first things
first as always I'm want to be looking
at the daily statistics and in this case
we're just looking at um the time
measured from the beginning of this year
till tell current basically and we can
see that Saturdays have actually been
one of the more likely to close
positively days here with 55% of all
Saturdays uh since the beginning of 2024
closing positively from open to close uh
with an average return very very small
here of uh actually just under 1% and in
the times that it has lost has lost an
average of about 1 and a half% the
reason why I bring this one up right
right now for that date specified is
that yesterday Friday's statistics did
play up pretty much perfectly within
that range finding the range low at
exactly the average loss low and
actually closing around the um around
the average gain as well so does
Saturday play Within the same context of
those statistics perhaps yes and in this
case we can come up with an overall
range which I suspect that Saturday is
probably going to be boring which
actually plays in more importantly to
the to the last part of this analysis
regarding setups but uh you know about
1% to the upside we'll put Bitcoin
basically back around yesterday's high
and if we were to see about 1 and a
half% to the down side shaved off that
would put Bitcoin somewhere around
67,500 so likely the range for today I
do expect things to get you know more or
less boring into this weekend and the
real markets do begin back on Monday
which by the way Monday does have the
highest probability since the beginning
of 2024 to close positively um at just
over 71% actually close to 71 a half%
with a pretty crazy average return there
too so uh I would keep you know an eye
on that because obviously the longer
that Bitcoin basically holds here we'll
go over in the next chart the more and
more likely that that upside does uh
begin to occur but toight today and
tomorrow going be very very telling if
we are going to see a reversal we likely
actually do see it begin um between
today and Sunday anyways going on over
here to the 5-day time frame we can see
that the 5day obviously closed last
night on spot price action and did close
above the median so intraday yesterday
when we recorded this video it was still
below the median it was looking more
like a rejection at the end of the day
Bitcoin did reclaim so that does keep
the Bas hopes alive for more immediate
continuation than not that does does
imply that any sort of a closure below
this region which is
67,800 would be indicative that we do
have that reversal that likely brings
Bitcoin back down to the you know to to
these range lows here um I would I would
Hazard a guess somewhere between like 63
to 64,000 bucks um before like a
legitimate bounce attempt um anyways to
Define bounce attempt by the way as well
just because I've got I've seen some
like very interesting comments about
this um balance is not imply reversal or
anything like that that needs to be
obviously uh analyzed like seen you know
after the actual fact just implies that
that's you know an are like kind of like
a sticky area you can probably uh trade
a little bit of a scout bounce um at
minimum anyways uh yes so that's the big
level to be aware of coming into this
next you know four or five days worth
price action going over here to the
Daily time frame daily range actually
correlates incredibly well with these
statistics that we just looked at um in
fact uh the the uh the 382 level here
both the upside and the downside um
probably en encompassing the more
important range for the Daily
with um you know Bitcoin closing below
66,000 buckss I still do believe if
you're looking at a daily time frame
rather than a 5day that's probably your
you know your your cause for concern for
Bitcoin likely coming back down um to
the lower 60s but as long as bitcoin's
above there Bula still have um the ball
on their Court yeah things do look a
little bit weaker up here as of right
now but my personal rules uh with the
system that I kind of look at is that as
long as this condition is met over here
shouldn't really be positioning for that
just personally speaking um so that
would imply more continuation uh or
continuation sooner rather than later is
more likely of course because we get
that 5-day time frame we do have a new
tick over here on the 5-day stochastic
oscillator and as we can see the pivot
has actually moved down now it's moved
down all the way to
6575 so what does that essentially imply
I mean it's kind of that same 66,000
number um I'd say in this case close
enough to it as long as bitcoin's above
the Bas have ball in their court and as
long as Bitcoin is above the median
right here at
67750 it's likely for more immediate
continuation than not um but if Bitcoin
starts to you know lose these numbers I
would even say a daily closure below 66
or just below 66 yeah you're very likely
to see a move back down to the low side
of the range but for right now you know
the setup still favors long-term upside
that's the main message that I really
want to be having the question is the
timing of this and that is what we can
use this particular setup over here to
potentially um gauge so need to get rid
of this damn code because that's not
gonna be the code for the next sale
which by the way starts uh Monday of
this coming week um we're going to be
offering a nice little discount for well
for all of our all all of our services
but namely the uh the the crown Quant
which is my favorite
thing anyways uh anyways okay yeah uh
need to refocus back in on this one so
this was a setup that we spoke about
yesterday as likely being a good IND
ation of timing the next move this setup
a relatively s uh simple setup is just
based off of the crown VMP indicator
down here we want to see it get below 10
per or or more um in this case we do see
it at 5% for this current period And
once that happens plus an uptrend on
this time frame the 12-h hour and the
3-day time frame which both these
conditions are currently met it will
fire off an entry and basically since
this run started um beginning of 2023
you can see this this particular uh
setup has been really really good at
timing um the upside moves so we can see
yeah you know long term it does have
more or less a wash in terms of hit rate
at just under 55% um but in general
upside markets obviously that you know
that's going to help things out and so
we would expect um probably a little
more to that than that uh particular um
percentage to be you know to be frank
but going back into it right here and
looking at our current trajectory uh
this will fire off an entry later today
um or not later today but in 5 hours in
1 minute and 38 seconds assuming that
things don't get super crazy between now
and that time if they don't it'll fire
finantial right here again doesn't mean
that Bitcoin can't you know come down a
little bit this one does have I believe
an average loss somewhere around 8% but
if we go into the strategy tester right
here and blow up the performance summary
and get rid of my faces as well as you
can actually see well the average
winning trade is just under 15% so you
know when you have about a 55% strike
rate and your average winning trade is
you know close to double your average
losing trade you know that's going to be
a winning setup long term and the
average amount of bars in winning trades
is 14 so 14 bars on a 12-hour time frame
is 7 days so we're basically looking at
likely the next 7 Days of price action
more likely to trade to the upside um
than not and I believe in this case uh
let's just assume which maybe is not the
best idea you know when you assume you
Mak an ass out of you and me but let's
just assume that you know the 12-hour
Clos somewhere around
here 15% puts you on new alltime highs
actually um if it were to you know reach
that uh that would be you know around 77
to 78,000 bucks so that would be new
all-time highs that would very much play
in alignment with several of the other
setups that we've been discussing on
this channel which I won't go over in
today's video just for um just for the
sake of brevity um but uh but yeah you
know do be aware of that because if this
one does far off you know all these
moving Parts um ultimately should be
working together and that would imply
that yeah within this next couple weeks
we do see you know probably new highs on
bitcoin um and probably a probably an
attempt towards 80,000 bucks um so yeah
that's in the cards right there um and
again the average amount of time on the
winning trades was seven days I think
the average amount of time in the losing
trades was a little bit less than that
so just blowing it back up on over here
and I feel like I'm missing something
right now but of course it's a long time
left to go 5 hours you know luck and
happen right there um but we'll see you
know we'll see in tomorrow's video if it
did indeed fire off or not if it didn't
then well what are you going to
do what can you do um you know it is
what it is but we'll check back in it
tomorrow and see what the uh see what
the results are anyways um from there I
would yeah I think that's actually
probably a good place to leave off on
this particular video um we went over to
answer the question of this video the
major important region for potential
reversal that is on a daily closing B
basis just below 66,000 bucks called
it's like 65 uh 800 um on a 5-day time
frame uh it would be about 67700 or
67800 um and then we went over this
particular setup over here which could
far off yeah later today so this is
going to be the big one to check back in
on tomorrow's video I do believe that if
if this one does fire off we're very
likely to see Bitcoin kind of dig in in
a weird looking higher low here uh in
triy again into the upside uh but again
below 66 is I would be expecting a
greater correction probably back down to
the low 60s um with stops along the way
somewhere around like 63 or 64 yeah okay
that's going to do it for today um I
should let you know that meta signals is
still doing their 14 days free trial if
you want to check out their spoon
feeding signal service just [ __ ] open
up your mouth like that helpless bird
and get your worms fed to you in the
early mornings um but uh but yeah you
can check it out for free of course
there is a link in the description below
and um you know decide if it's for you
or not for you I think that's the best
way to Market a service like that is you
get to try it out free if you like it go
ahead if you don't like it don't go
ahead no nothing lost in that case all
right with all of that said again um oh
I should we kind of alluded to it
earlier but we'll be having a sale uh at
the beginning of this coming week Monday
for Memorial Day week so if you're
considering anybody of the programs or
products here maybe just wait a couple
days you'll save yourself a few bucks
and um and yeah all right that's going
to do it for me as always I want to wish
you the best bet take care much love and
see you hopefully in abundance
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