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.

Outlines

00:00

📈 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.

05:01

📊 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.

10:01

🎉 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.

Keywords

💡Light code frequencies

The term 'light code frequencies' is not a standard financial term and seems to be metaphorical or symbolic within the context of this video. It appears to suggest activating positive energies or patterns within oneself to attract abundance. The script mentions it in the introduction, possibly as a motivational or spiritual concept to set the tone for the analysis that follows.

💡Price probabilities

Price probabilities refer to the likelihood or statistical chance that a certain price level will be reached or surpassed in the financial markets. In the video, the speaker discusses the setup that could provide insights into the likelihood of Bitcoin's price movements, indicating a scientific or data-driven approach to forecasting market behavior.

💡Timing probabilities

Timing probabilities are the estimated chances of when a particular market event or price movement might occur. The video script talks about a setup that could predict not just the direction of Bitcoin's price, but also the timing of its next significant move, which is crucial for making informed trading decisions.

💡Major number

In the context of this video, 'major number' likely refers to a critical price point or level that is significant for the market trend. The speaker mentions that bulls (those who believe the price will rise) must hold above a certain number, indicating a key level that, if maintained, suggests a continuation of the current upward trend.

💡Continuation

Continuation in trading terms means the ongoing trend in the market continues in the same direction. The script suggests that the current trend is more likely to continue rather than reverse, based on the analysis of Bitcoin's price action and the critical number mentioned.

💡Daily statistics

Daily statistics are numerical data collected and analyzed on a daily basis. In the video, the speaker examines the daily statistics from the beginning of the year to understand the historical performance of Bitcoin on Saturdays, indicating that Saturdays have been more likely to close positively.

💡5-day time frame

A 5-day time frame in trading refers to a period of five consecutive days used for analyzing market trends and making predictions. The script uses this term to discuss the closing price action of Bitcoin over a span of five days, which helps in understanding the immediate market sentiment and potential future movements.

💡Median

The median is the middle value in a list of numbers sorted in ascending or descending order. In the context of the video, the median is used to describe a central price level that Bitcoin has closed above, which is a bullish signal suggesting that the price is more likely to rise than fall in the short term.

💡Daily range

The daily range refers to the difference between the highest and lowest price of a security within a single trading day. The script mentions a daily range that correlates with certain statistics, indicating a specific price level that, if breached, could signal a change in market direction.

💡Stochastic oscillator

A stochastic oscillator is a momentum indicator that compares a particular closing price of a security to a range of its prices over a certain period. In the video, the speaker refers to a '5-day stochastic oscillator' to discuss the momentum of Bitcoin's price and its potential to indicate a reversal or continuation of the trend.

💡Crown VMP indicator

The Crown VMP (Volume-weighted Moving Price) indicator is a technical analysis tool that is not standard and may be specific to the speaker's analytical framework. It is mentioned in the context of timing the next move in the market, suggesting that it is used to identify entry points for trades based on certain conditions being met.

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