BREAKING: BITCOIN JUST PRINTED 3 BIG SIGNS – DO THIS NOW

Summary

This crypto market update highlights three significant signs for Bitcoin investors: a bullish candlestick pattern on the weekly chart, a stochastic RSI cross indicating momentum, and an RSI break above a key resistance level. The presenter emphasizes the importance of these signals, suggesting a potential uptrend for Bitcoin. They also promote a limited-time offer for a comprehensive membership to their trading platform, Crypt University, with substantial savings and exclusive content to help users navigate the market.

Takeaways

• 📈 Bitcoin has shown three significant signs on the weekly chart which may indicate a change in market direction.
• 🔑 A specific candlestick pattern has appeared on the chart, suggesting a potential bullish signal.
• 📊 The Relative Strength Index (RSI) has broken through a key resistance level, indicating a possible reversal from a downtrend.
• 🌐 The stochastic RSI has crossed, which historically occurs approximately every six months and is a positive momentum indicator for Bitcoin.
• 💡 The presenter emphasizes the importance of the 21 Simple Moving Average (SMA) as a key support and resistance level in both bull and bear markets.
• 🚀 Bitcoin's price action has reclaimed the 21 SMA with strong momentum, suggesting a potential bullish breakout.
• 📉 The script discusses the importance of avoiding bearish divergence to sustain a rally and the need for a higher high in the RSI to confirm an uptrend.
• 💰 The presenter is promoting a limited-time offer for a comprehensive membership at a discounted price, which includes various trading resources and alerts.
• 🏆 Testimonials are shared to highlight the success of members who have significantly increased their earnings through the membership's guidance.
• ⏰ The offer is time-sensitive, with the price expected to increase after the promotional period ends.
• 🙏 The presenter expresses gratitude for the support and emphasizes the value of the content provided, as well as the integrity of the products being promoted.

Q & A

What is the significance of the yellow line on the weekly chart mentioned in the script?

The yellow line on the weekly chart represents a critical support or resistance level. In this context, Bitcoin breaking through this line indicates a potential reversal in the market trend, suggesting a bullish movement.

What does the RSI indicator measure and why is it important in the script?

The RSI (Relative Strength Index) is a momentum oscillator that measures the speed and change of price movements. It is important in the script because it helps identify overbought or oversold conditions in the market, which can be a precursor to potential trend reversals.

What does the script suggest about the stochastic RSI crossing?

The script suggests that the stochastic RSI crossing is a significant bullish signal. It indicates that the momentum is shifting in favor of the bulls, which could potentially lead to an upward price movement in Bitcoin.

What is the significance of the 21 SMA in the context of the script?

The 21 SMA (Simple Moving Average) is a technical indicator used to identify trends. In the script, Bitcoin reclaiming the 21 SMA on the weekly chart is seen as a positive sign, indicating that the bearish trend might be ending and a bullish trend could be starting.

What is the 'twomon gravestone doji' mentioned in the script and its relevance?

The 'twomon gravestone doji' is not a standard technical term but seems to refer to a specific candlestick pattern that could indicate a potential reversal in the market. Its relevance in the script is that it is part of the ongoing battle between the weekly stochastic RSI and the bearish pattern, suggesting a critical market juncture.

What does the script imply about the current state of the Bitcoin market?

The script implies that the Bitcoin market has been range-bound for over 150 days and is showing signs of a potential bullish trend due to the breaking of key technical levels and indicators like the RSI and stochastic RSI.

What is the recommended approach for investors according to the script?

The script recommends that investors remain levelheaded, watch for a breach of the all-time high, and monitor the stochastic RSI and RSI indicators for signs of a sustained bullish trend without bearish divergence.

What is the '86% savings' offer mentioned in the script and how does it relate to the broader message?

The '86% savings' offer refers to a limited-time discount on a comprehensive membership to a service called 'Crypt University.' It relates to the broader message by positioning the service as a valuable resource for investors looking to navigate the crypto market effectively.

What is the significance of the 'weekly stochastic RSI cross' in the script's analysis?

The 'weekly stochastic RSI cross' is a momentum indicator event that, according to the script, has historically occurred every six months and is a reliable signal for the start of an upward trend in Bitcoin's price.

What is the potential 'surprise' mentioned at the end of the script?

The script teases a 'surprise' that will be discussed in the next video, which is expected to pair with the weekly stochastic RSI to make it significantly stronger, suggesting an additional bullish signal or factor that will be revealed later.

Outlines

00:00

🚀 Bitcoin's Significant Market Movements

The first paragraph highlights three major signals in the Bitcoin market. The speaker discusses Bitcoin's recent price action, noting its breakthrough of a key resistance level (the 21 SMA) on the weekly chart. This is emphasized by a specific candlestick pattern that suggests a strong bullish signal. Additionally, the Relative Strength Index (RSI) is mentioned, breaking through a significant red line, indicating a potential shift in market momentum. Lastly, the stochastic RSI is noted for its 'epic' behavior, though the specifics are not detailed in this paragraph. The speaker also promotes a limited-time offer for a comprehensive membership to a trading platform, emphasizing its value and the urgency of the offer due to the impending price increase.

05:01

📈 Bitcoin's Price Action and RSI Breakthrough

In the second paragraph, the focus is on Bitcoin's price action and its implications. The speaker points out that Bitcoin has been in a sideways trend for 150 days, with the 21 SMA being a critical support level in bull markets and a resistance level in bear markets. The recent candlestick that reclaimed the 21 SMA is highlighted as a significant bullish signal. The speaker also discusses the weekly stochastic RSI, which has crossed a threshold that historically indicates a bullish momentum. The RSI itself is noted for breaking a downtrend, suggesting a potential reversal from a bearish to a bullish trend. The speaker emphasizes the importance of Bitcoin closing above certain resistance levels to confirm an uptrend, and concludes with testimonials from satisfied members of a trading community, encouraging viewers to join.

10:02

💬 Promoting a Limited-Time Offer and Reflecting on Integrity

The third paragraph is primarily a promotional message for a limited-time offer on a trading membership. The speaker reflects on his commitment to integrity, stating that he has turned down lucrative paid promotions that would have required him to mislead his audience. Instead, he focuses on creating and promoting products that genuinely help people, emphasizing his dedication to helping his audience succeed. He mentions that he only promotes his products four times a year, and this is one of those occasions. The speaker also thanks his audience for their support and understanding of his approach, highlighting the transformative impact of his products on people's lives.

15:02

📊 Analyzing Bitcoin's Technical Indicators and Future Outlook

The final paragraph delves into the technical analysis of Bitcoin, focusing on the importance of the stochastic RSI and the potential for a new all-time high. The speaker warns against complacency, reminding viewers that the market is still in a battle between the weekly stochastic RSI and the two-month gravestone doji. He advises viewers to remain levelheaded and watch for a breach of the all-time high and a higher high in the RSI to confirm a sustained bullish trend. The speaker also warns about the risk of bearish divergence, where a new price high is not supported by a corresponding high in the RSI, which could signal a short-lived rally. The paragraph concludes with a teaser for a future video that will reveal a 'surprise' that strengthens the bullish case for Bitcoin.

Keywords

💡Bitcoin

Bitcoin is a decentralized digital currency that operates on a peer-to-peer network and allows for transactions without the need for a central authority. In the video, Bitcoin is the primary subject, with the speaker discussing its recent price movements and market signals. The script mentions Bitcoin breaking through certain price levels and its potential impact on the broader cryptocurrency market.

💡Weekly Chart

A weekly chart in financial analysis refers to a price chart that displays the price movements of an asset over a period of one week. In the context of the video, the speaker is analyzing Bitcoin's weekly chart to identify significant price patterns and trends. The script mentions Bitcoin breaking through a yellow line on the weekly chart, indicating a potential shift in market dynamics.

💡RSI (Relative Strength Index)

The Relative Strength Index is a momentum oscillator that measures the speed and change of price movements to predict the likelihood of a price reversal. In the video, the speaker discusses the RSI breaking through a red line, suggesting a potential change in Bitcoin's market trend. The script emphasizes the significance of this event as a signal for investors.

💡Stochastic RSI

Stochastic RSI is a technical indicator that combines the RSI with the Stochastic oscillator to provide a more comprehensive view of an asset's momentum. In the video, the speaker highlights the 'epic' behavior of the stochastic RSI, indicating strong momentum in Bitcoin's price movement. The script mentions this as one of the three big signs that investors should be aware of.

💡21 SMA (Simple Moving Average)

The 21 SMA is a commonly used moving average that helps traders identify trends in an asset's price. In the video, the speaker points out that Bitcoin has reclaimed the 21 SMA on the weekly chart, which is seen as a bullish signal. The script discusses this as a significant event that could influence Bitcoin's future price direction.

💡Price Action

Price action refers to the study of price movements on a chart to infer future price trends. In the video, the speaker uses price action to analyze Bitcoin's recent movements, noting that it has been moving sideways for 150 days. The script highlights the importance of price action in understanding market trends and making trading decisions.

💡Bull Market

A bull market is a market condition where prices are rising or are expected to rise. In the video, the speaker discusses the potential for Bitcoin to enter a bull market, especially in light of the recent price movements and technical indicators. The script suggests that Bitcoin's recovery above the 21 SMA could be a sign of an impending bull market.

💡Bear Market

A bear market is a market condition where prices are falling or are expected to fall. In the video, the speaker contrasts the bull market with a bear market, noting that the 21 SMA has historically acted as resistance in bear markets. The script uses this concept to explain Bitcoin's past price behavior and its potential future trajectory.

💡Momentum

Momentum in trading refers to the strength or speed of a price movement. In the video, the speaker discusses the momentum in Bitcoin's price action, suggesting that the recent price increase indicates strong buying pressure. The script uses the term to emphasize the potential for Bitcoin's price to continue rising.

💡Bullish Divergence

Bullish divergence occurs when an asset's price reaches a new high, but its technical indicator, such as RSI, does not, suggesting that the upward trend may be stronger than it appears. In the video, the speaker warns against bearish divergence, implying the importance of watching for bullish divergence as a positive signal for Bitcoin's price. The script does not explicitly mention bullish divergence, but it is implied in the discussion of RSI and price movements.

💡Financial Worries

Financial worries refer to concerns about one's financial situation or the broader economic conditions. In the video, the speaker discusses the potential for Bitcoin and other financial strategies to alleviate financial worries. The script uses this term to market a comprehensive membership that promises to help viewers break free from their financial concerns.

Highlights

Bitcoin has shown three significant signs on the weekly chart, indicating potential market movements.

The price of Bitcoin broke through a key resistance level, marked by a yellow line on the chart.

A specific candle pattern appeared, suggesting a strong momentum in the market.

The RSI indicator broke through a critical resistance line, indicating a possible trend reversal from downtrend to uptrend.

The stochastic RSI indicator performed an 'epic' move, hinting at a significant market event.

A limited-time offer for a comprehensive membership is presented, with an 86% discount.

The membership includes live trading sessions, mini courses, market reports, and more to aid financial growth.

Testimonials from members are shared, highlighting significant financial gains within a short period.

The presenter emphasizes the importance of the 21 SMA in identifying support and resistance levels in the market.

A detailed analysis of the weekly stochastic RSI cross is provided, explaining its historical significance in Bitcoin's price movements.

The presenter discusses the importance of avoiding bearish divergence to sustain a bullish market trend.

A special message of gratitude is shared, emphasizing the presenter's commitment to providing value and helping the community.

The presenter reflects on their approach to promoting products only four times a year, focusing on quality and life-changing impact.

A call to action is made, urging viewers to take advantage of the limited-time offer before prices increase.

The presenter outlines the next steps for viewers to watch, including the potential for a new all-time high and the behavior of the stochastic RSI.

A teaser is given for the next video, promising to reveal a 'tag team duo' that will strengthen the current market signals.

Transcripts

breaking news in the crypto space

Bitcoin just printed three huge signs

that you have to know what they are and

what they mean take a look on the weekly

chart Bitcoin breaking through this

yellow line with a very specific candle

I need to let you know about this number

two middle of our screen RSI breaking

through this red line for the first time

in a long time I need to let you know

what this means and third the star the

show stochastic RSI doing something epic

I need to let you know all three and

what they mean and what you should be

doing right now let's get into it time

is almost up doors about to close prices

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university.com now clock is ticking by

the way as at the end of the show I have

a very important message to share with

you here we are Bitcoin US dollar Index

and we are on the weekly chart on the

weekly chart three big signs coming into

the market let's start with the top of

our screen then we're going to work way

into the middle we're going to wind out

the show with the bottom of our screen

and then at the end I'm going to let you

know what you should be doing right now

given these three big signals coming

into the market let's start with price

action price action what you notice

right away is Bitcoin has been moving

sideways for

150 days there's one moving average

that's incredibly important to have on

your charts for the rest of time on a

weekly chart for all bull markets in all

bare markets it's the 21

SM the simple moving average if you zoom

out and you look at every single bull

market we generally hold it as support

if you look at any bare Market we we

generally hold that line as resistance

therefore Bitcoin had breached this

level adding some concern and some doubt

into the market however just recovering

hot off the press it just printed this

candle right here which by the way is a

very cryptic candle it has a story to

tell not only did it hold as support for

the first time in a while it did so in a

Monumental way we're going to circle

back to exactly what kind of candle this

is but clear is day unequivocal facts we

have held this level we have reclaimed

the 21 SMA on the weekly chart hot off

the press breaking news now we have been

moving sideways so any price movement

inside of our channel is Almost

irrelevant our channel has our top

around

73,0 600 and our bottom of around 57,000

so we have been moving sideways for over

150 days however a few months ago I told

you the only way that Bitcoin can break

above here is the legendary weekly

stochastic RS cross which by the way

happens like clockwork every six months

and just like clockwork has happened so

far in bitcoin's history right on

schedule we had a weekly stochastic RI

cross right when Bitcoin was around

54,000 when there was a lot of

uncertainty in the market we had this

cross that we had been waiting a few

months for and I said look Bitcoin will

continue to be range bound the only way

to break above here is the weekly

stochastic RI cross but there's more to

it because as you know we have the

twomon gravestone dogee in the weekly

stochastic RSI is going up against the

twomon gravestone DOI more on that a bit

later however we had a weekly stochastic

I cross rad on schedule we expected it

to happen in July or at the latest

August and here we are still in the

month of July and right on schedule a

weekly stochastic SI cross that took us

from 54 to finally reclaim this 21 SMA

but it doesn't stop there middle of our

screen RSI remember overbought oversold

we had dipped all the way down to this

pivot low back in the beginning of July

making a double bottom with our prior

pivot low from almost 1 year ago

September 2023 so far Bitcoin has been

in a downtrend in the RSI since March

not my opinion unequivocal facts we have

a high we have a lower high we have

another lower high and we had another

lower high while making lower lows by

definition that's a downtrend that's not

my opinion these are facts we talk about

facts on this channel which is why you

just subscribed however what you can see

is in order to break a trend and and

start to have an uptrend from a

downtrend you've got to break through

some key Market structure and some key

resistance which Bitcoin just plowed

through this red line and had a weekly

close so this is hot off the press not

only did we close above the 21 SMA we

closed above the red line now here's

what this means what it means is Bitcoin

has been in downtrend and we are trying

like hell to break that and to start an

uptrend this is step one of that show a

breakthrough step two of that is we need

Bitcoin to get up above this 70 area on

a weekly chart and close there that will

take out this pivot low here right that

was a a high a lower high a lower high

we need to take out that lower high and

start making a higher high that would

start to reverse this trend and we need

to to make higher lows and higher highs

and we will have ourselves an uptrend

which is exactly what Bitcoin needs in

order to break this alltime high and

make a new one now that we have these

three facts in order we understand every

6 months stochastic RSI across that's

momentum into the market we understand

we're starting to break Trend with our

RSI still a lot of work to do but

showing a great sign and we broke above

here I mentioned we're going to circle

back to this candle here so not only did

Bitcoin reclaim this level the 21 SMA

how did it reclaim it you can say well

we had a wick down here we don't care

about the Wicks we care about the bodies

bodies tell the facts Wicks tell the

story and the facts are we closed above

here unequivocally what's the story well

the story is not only did we close above

here we actually had a lot of momentum

in the market this past week Josh says

Steve's courses and FFA have transformed

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said joining the FFA was the best

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transform your life next join our

exclusive Community limited time only

Crypt crew university.com go figure we

had a weekly stochastic R High cross but

we had prices come all the way back down

into the

$63,000 area and it was bought up

quickly it was bought up so quickly that

it pushed us all the way up here and we

closed way up here which means we have

momentum on our side plain and simple

momentum not now heading into this

coming week hot off the press we've got

momentum right so not only do we have

momentum in price action we do have a

little bit on our side with the RSI but

we have even more with the stochastic

RSI earlier in the show I mentioned I

have a special message for you at the

end well here it is I just wanted to say

thank you thank you for supporting me

I'm about to start my eighth year here

on YouTube and over these years I've

turned down millions and millions and

millions of paid promotion companies

that wanted me to Simply lie to you to

take advantage of you to benefit my

pockets and theirs I thought that's so

dirty I never wanted to do it from the

beginning and instead I built products

that actually help people you see I have

been where you are I know what that's

like and I know how to go from where you

are to where I am so I built things that

actually help people I know it seems so

crazy it's so rare in crypto but that's

what I focused on for these eight years

I didn't focus on Dirty Money I focused

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where you're from I don't care everyone

deserves to be successful so I built

products that actually transform lives

that's what I've been focused on this

whole time and four times per year I

have a sale and during that sale

suddenly oh my God Steve's promoting

stuff so you may take a step back and be

like why is he promoting stuff well the

whole year I don't promote anything I

provide so much value here from my heart

and you can feel it you know I want you

to be successful but four times per year

I promote these things that I built that

transform lives I've literally minted

tons of millionaires with these products

I should promote them every day but I

don't I provide tons of value

unequivocally undeniable facts that

actually help you

but four times per year I sit here and I

promote my products that I know are

going to change lives so I just want to

say thank you for understanding that and

thank you for really appreciating the

quality of videos that I put out and

understanding the broader picture like I

really want you to be successful and I

built things that solve your problems

and help you become successful faster

on these videos you can't hide stuff

like that if you watch my videos you

know you can feel I want you to be

successful you know that and you know

how much value I provide here on my paid

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thank you for understanding this broad

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Steve has a sale he should promote this

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you know that you can see I do value

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support and look time is running out

this is going to be your last chance to

lock in this price and you can ask

anybody who's in the FFA every time we

end a sale we never go back down to that

price prices always go up and they'll

never see this price again talk to

people who signed up early in the FFA we

never saw that price again it's only

gone up since then it's gone up a whole

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don't let prices go up go sign up get

something that actually will help you

change your life and your family's

future now what does all of this mean

and what should you be doing now if you

watch our Channel you can understand hey

we've been going range Bound for 150

days we've been looking to make a new

alltime high the only way to possibly do

that is a weekly stochastic I cross we

had that a couple weeks ago we're a

couple weeks in now and we're starting

to show some signs of strength go figure

this is what we thought would happen now

what you need to do is remain

levelheaded this doesn't mean we're out

of the woods yet we still have the

two-month gravestone dogee this is the

battle that we have been talking about

about for months it is just the

beginning of the battle nothing has

happened there's no extra bullishness or

extra bearishness it's still the same

story it's just playing out before our

eyes it's what I warned you about months

ago I said look we've got this battle

the weekly stochastic RSI the two-month

gravestone dogee somebody's going to win

what's going to happen first is we're

going to have a weekly stochastic R side

cross prices are going to start going up

people are going to start getting

excited but the battle is the battle

Bitcoin has to do these two things in

order to

truly Excel into phase four of the bull

number one it's got to create a new

all-time high and number two it's got to

avoid bearish Divergence meaning if we

break a new all-time high in price

that's great how long can it last is a

more important question and if we have a

higher high in price meaning this was

our high here and then we had a higher

high but we have a lower high in the RSI

meaning this was our high here when we

had our all-time high and then the RSI

maybe gets around here it would be a

high and a lower high while at the price

it would be a high and a higher high

that by definition is a bearish

Divergence which means that that rally

upward wouldn't last long plain and

simple so that what we talked about

months ago what I warned you about

months ago we are here we are living it

now we are living it breathing it eating

it now there's going to be bullishness

coming into the market market prices are

going to start Rising but you are going

to remain levelheaded now as I mentioned

for this entirety of the bull run it's

more risky to be out of Bitcoin than in

Bitcoin plain and simple if you're in

crypto for three four five six years

it's always during a bull run going to

be more risky to be out of Bitcoin than

in Bitcoin so what do I want you to do

now I want you to remain levelheaded

look at the fact

watch our all-time high we've been range

Bound for 150 days any price movement

inside of here is almost irrelevant the

only thing that's relevant is a breach

of an all-time high and then watch our

stock stochastic RSI we don't want to

have a cross down and we want to have

the RSI get a higher high that's it

that's what I want you to be watching in

a nutshell but there's more to it

there's a surprise that's coming in

pairing with this weekly castic SI to

make it significantly stronger it's a

tag team Duo and I'm going to be showing

you on the next video so hit that

subscribe button I'll see you right back

here in the next video is my yearly plan

too much not to worry we have a cheaper

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