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BITCOIN TRAPPING EVERYONE RIGHT NOW !!!



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BITCOIN TRAPPING EVERYONE RIGHT NOW !!!

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Timestamps:
00:00 Overview
01:10 Bitcoin Short-Term
03:34 Bitcoin Macro Analysis
05:43 New Trades

#Bitcoin #Crypto #Trading

DISCLAIMER: Virtual Asset values are variable, cannot be guaranteed and can be highly volatile. Nothing on this channel is financial advice, just my opinion only.

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Crypto kids welcome back to another video today we’re going to be jumping into the price of Bitcoin because Bitcoin is seeing a little bit of a retracement towards the downside after this B Simpson pattern which we discussed about in the last ta video and we discussed that a drop is possible so

In today’s video we’re going to be exploring where exactly this drop will go towards and where am I planning on putting another position because I think this may trick a lot of investors so ladies and gents for all of that and much much more make sure to watch this

Video Until the End Smash Up the like button that would be very much appreciated but guys I also want to check how many subscribers we went up from the last video we made so if I check this here we can see that we were at 29.3k just around 24 hours to 36 hours

Ago and the moment of truth how many subscrib subscribers have we went up by let’s see I didn’t check this before but wow okay 29.6k that’s actually pretty awesome uh so guys thank you so much for all of that honestly I think we can really really reach 30,000 subscribers

By the end of um by the end of this month and it would be really amazing if we can uh but guys without further Ado let’s jump in straight into the content and discuss what is going on with Bitcoin so if I quickly switch over to the trading view chart in in the

Previous ta video we discussed about the sport Simpson pattern and how usually Bitcoin Barts or any other asset class Barts after we see a consolidation phase and then we see a drop towards the downside and in the previous video we discussed that the target for this drop

Is likely going to be at the $ 42,2 level where we find support um at this line of you know this this line of support here so that was my initial Target for bitcoin’s drop uh we haven’t reached it yet but it is very much

Possible that we do so what I want to do is I actually want to um look for long so I’m looking for long positions in the market currently we have a bunch of long position orders and let me show you the latest updated orders that I have so if

I go over to bitflex so you can see that in my active orders I am planning on buying a Bitcoin at 41.3k uh and 41.2k I increased the amount of Bitcoin that I’m buying at at this level so I just open this limit order because I want to buy a

Bitcoin as much as possible and 41.3 and 41.2 is very very important level of support I will show you the next important levels of support too if you would be looking to enter into Bitcoin at lower prices and of course we have 36.2k 31k 34k um 33.9k Etc but I’ll get

Into all of this in just a couple of minutes but ladies and if you do want to be trading Bitcoin or altcoins you can head over to the description below and sign up to bitflex to trade uh Bitcoin or cryptocurrencies that’s the current exchange that I’m using and it’s super

Easy to sign up by the way and use uh as an exchange overall you can just press this link and sign up it takes 20 seconds and claim up to $ 68,800 worth in prizes and to do that all you got to do is go to the reward

Step so if I just zoom out like so we can go to the reward sub at the top so if I do that and go to activity reward up claim your Flex points and you can redeem them for pretty awesome gifts and prizes and you can check in Daily I

Always forget to do it but uh by completing weekly challenges and missions you can get a lot of Flex Points and then redeem them for pretty pretty cool stuff like iPhones MacBooks Etc so do make sure to check it out and if you’re already signed up and collecting Flex Points make sure to

Redeem them in the next four days because I think they’re going to get they’re going to get expired so FYI but guys let’s jump back into Bitcoin and discuss where I think uh it can head next now there’s one very very important place and pattern to look out for and

That is this triangle here now this triangle is about to see a break and if we see a break towards the upside that would be amazing uh that would take us to well it has a target of about 50 50 something K but uh honestly I don’t

Think let’s let’s have a look right so let’s measure the height of this triangle here and uh if we see and we we put it above the final breakout Zone it’s going to give us 47k so that would be actually a perfect Target because between 47 and 48k we have a beautiful

Line of resistance if we just jump over to the resistance chart at 47k we have tremendous line of resistance you can see from these previous candle closes that Bitcoin has held up this level pretty well and found resistance got rejected so I think between 47 and 51 we

Have a lot of price action that can be just consolidating here and then continue towards an all-time high once we go after the Hing but in the immediate short term it is very important that if we get rejected from here directly to 36k following the ETF

Approvals or if we jump to 47k and then get rejected now we discussed all of these scenarios in previous videos but I’m not looking to short Bitcoin I’m just planning on buying Bitcoin at lower prices hence why I have a long position order at 36k and 31k now in between

There’s also very good lines of support like $334,000 we also have $41,250 right there too so I’m just going to dollar cost average into a Bitcoin long position and then kind of see what happens and accordingly to the market we’ll change it fix it add more

Margin to any of those positions in the upcoming video so make sure to turn on the notification Bell and not miss a single update well from the likes of it on this week’s candle right yesterday’s last week’s candle closed under this 42 $43,200 which is not great whatsoever

But there is still some hope so if Bitcoin decides to form a bullish penen tier then we can pump towards even the $ 51,70412 with a bullish confirmation on the weekly scale so if we manage to do that Bitcoin can rally higher if we drop below around

$4,700 here it is possible that we see 36k now going back into the short-term chart these are all going to influence my actions now Bitcoin breaking out of here would be awesome as this is usually a bullish pattern so Bitcoin or any other asset class tends to do that so if

I so if I go into the actual technical uh specification of this p pattern we can see that ascending triangles in an uptrend uh usually have this consolidation and tend to break higher however it’s something that we need to be careful of because these ascending triangles in my experience do have a lot

Of fake breakouts now that’s why I’m only going to place a trade if Bitcoin decides to see a break a break either way if we see a break down then I may short Bitcoin going to this support line here which is going to take us to the

$40,000 level so if I get rid of this drawing there we can see that if Bitcoin decides to see a break down it’s going to take us to approximately the support line that’s been holding since the 24th of October and in my opinion it would be

A great place to be buying a Bitcoin right over there so I think that this would be a very nice place to buy a Bitcoin going in towards the ETFs and seeing what happens going in towards the Hing that’s why 40 actually I need to increase my uh long position my limit

Long positions because uh as Bitcoin continues going up of course the price of the support line increases simultaneously so if I go to the bid Flex uh derivatives uh portal then we can go into where my limit orders are and check which one we need to update so

41.3k I think let’s remove these and let’s change it to $40,000 $450 so if I remove these uh and change all of that to 40,000 and let’s go to limit uh let’s do like so and press limit boom there we go $4,450 that’s where going to buy a

Bitcoin and I’m going to buy up a lot so let’s go 1,000 usdt and uh 15x leverage press open long and press confirm there we go that’s where I’m planning on buying Bitcoin and now we have basically over one Bitcoin worth of positions over on bitflex that we’re going to buy up if

Bitcoin will decide to see an increase towards the upside but in the very very short term ladies and gents and this is where I’m going to end off uh we can expect Bitcoin to have a small bounce so don’t get uh tricked out here if I go

Into the 1H hourly time frame you can see that Bitcoin is trying to form a a reversal candle and if my Wi-Fi doesn’t trip out we’ll be able to zoom in to the Chart but if it is then that’s that’s a bit unfortunate so if I maybe try this

Chart here and go into the 15 actually the 30 minute would be a bit more accurate I need to reconnect the Wi-Fi so technical difficulty give me one second okay we’re back so I fixed the Wi-Fi sorry guys now going into the 15-minute chart we can see that Bitcoin

Uh is kind of forming a reversal here so we touched this line of support exactly so this ascending triangle the line of support we we hit exactly it’s perfect uh and Bitcoin may see an immediate short-term bounce towards the upside and just for this situation I will open a

Very very small long right a very small long this is risky uh and of course nothing this video is financial advice but this is going to be risky I’m going to open it if Bitcoin trades starts trading above the upper Wick of this reversal candle here so I’m going to

Open a limit well we can’t actually do that but uh because the price price is higher I’m going to open a market but it’s going to be very very like small right so 300 usdt I’m going to press open long press confirm and my stop loss

Is going to be right here so I need to refresh because of the Wi-Fi so if we refresh this page we should be able to see the position um and I need to upgrade my Wi-Fi guys I apologize for this so if the if yes there we go so we

Have a position here my stop loss is going to be at the bottom Wick so that’s how you trade reversal candles by the way if I zoom in we can see that on the 1 hourly there’s a reversal candle and if this reversal candle manages to move

Towards the upside that would be perfect my stop loss the way you trade them is that you put your stop loss at the lowest point of this Wick so that’s going to be at $ 42,5 35 but I’m not too hopeful of this let’s see what happens it is a bit of a

Risky one but if it does of course reverse it will be beautiful so 553 I think that that’s said so perfect so we’re not going to lose much and I’m okay with that risk but ladies and gents that is pretty much it for today’s video Bitcoin can move up and find liquidity

Get those liquidations at the 44.5k range and then continue seeing a dump but time will tell um and I will be here to update you guys along the way but ladies and gents I hope you had a beautiful Christmas yesterday I hope you got refreshed but now it’s time to get

Back to work and grind these last couple of days going into New Year’s Day ladies and gents thank you so much for watching have a beautiful day everyone take care and I will see you all in the next video very soon take care guys and bye-bye

29 Comments

  9. @GOLDBlueGR33NObeliskVsRed

    (Twitter or X is INTERNATIONAL FREE SPEECH PLATFORM REGULATED BY CONGRESS JUST LIKE INTERNATIONAL DISNEY intellectual property & CRYPTO private property, NONE OF THIS 3 FREEDOMS CAN BE ABRIDGED) And Tesla holds BITCOIN (the amount of profit and becoming a leader on a crypto supported stock-market will revolutionize us economy), and CRYPTO Is going to Unleash A global Crypto Financial Economy. Illegal immigration wont be required in a global crypto economy, We are using every single constitutional Laws rights to defend equal treatment Human rights in anything like below.

    Republicans Largely fund oil = petrodollar supported trumps jan 6 Insurrection = BTC SUPPRESSES REPUBLICAN PETRODOLLAR INSURRECTION.

    USA BTC CANT BE CENSORED (None of bitcoin can be stopped in support of suppression of Republican Insurrection) By trump insurrection disqualification NO REPUBLICAN INSURRECTION STATE OR BANK HAS ANY RIGHT TO US DOLLAR (Article1 section10 NO STATE SHALL MAKE ANYTHING BUT GOLD & SILVER US MINTED COIN A TENDER IN PAYMENT OF DEBTS)

    (FED REBELLION & ENEMY OF US DOLLAR JEROME) Inflation devalued dollar is dying, Fed shows no sign of adding value strength back into inflation devalued dollar, & CBDC is a huge hostile threat to the dollar (Replace crypto for Disney and banks for any republican assault on Disney ITS THE SAME ARGUMENT "YOU HAVE NO RIGHT TO ATTACK OR BE HOSTILE TO ANY US NATIONAL BUSINESS, IN THIS CASE 100yrs OF DISNEY BEING LOYAL TO USA EVEN IN WAR DISNEY SERVED")

    NONE OF USA CAN BAN CRYPTO
    Amendment XIV – Section 1 – No state shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any state deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.
    CRYPTO IS FREEDOM OR SPEECH AND FREEDOM OF FINANCIAL LIBERTY
    USA ISNT SLAVES OF THE US DOLLAR CENTRAL BANKING SYSTEM
    BANKS DONT OWN US
    ONLY CONGRESS CAN REGULATE ALL CRYPTO COMMERCE BUT CANT VIOLATE ANY RIGHT OF THE 14th Amendment
    Article I, Section 8, Clause 3:
    [The Congress shall have Power . . . ] To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes; . . .

    The Court has interpreted “regulate” in the Commerce Clause as Congress’s power to prescribe conditions and rules for commercial transactions, keep channels of commerce open, and regulate prices and terms of sale. In Gibbons v. Ogden, Chief Justice John Marshall discussed Congress’s authority to “regulate,” stating:

    It is the power to regulate; that is, to prescribe the rule by which commerce is to be governed. This power, like all others vested in congress, is complete in itself, may be exercised to its utmost extent, and acknowledges no limitations, other than are prescribed in the constitution . . . If, as has always been understood, the sovereignty of congress, though limited to specified objects, is plenary as to those objects, the power over commerce with foreign nations, and among the several states, is vested in Congress as absolutely as it would be in a single government, having in its constitution the same restrictions on the exercise of the power as are found in the constitution of the United States.

    Similarly, in Brooks v. United States, the Court explained “regulate,” observing:

    Congress can certainly regulate interstate commerce to the extent of forbidding and punishing the use of such commerce as an agency to promote immorality, dishonesty, or the spread of any evil or harm to the people of other states from the state of origin. In doing this, it is merely exercising the police power, for the benefit of the public, within the field of interstate commerce.

    In upholding a federal statute prohibiting shipping goods made with child labor in interstate commerce in order to extirpate child labor rather than bar intrinsically harmful goods, the Court said: “It is no objection to the assertion of the power to regulate commerce that its exercise is attended by the same incidents which attend the exercise of the police power of the states.” Congress has also used its Commerce Clause power to enforce moral codes, to ban racial discrimination in public accommodations, and to protect the public from danger. Consequently, Congress’s power to regulate interstate commerce is among its most potent Article I, Section 8 powers.

    THE MORE BANKS LIKE JP MORGAN ATTACK CRYPTO THE MORE POWERFUL BITCOIN AND US CRYPTO FREEDOM AND US CRYPTO LIBERTY BECOMES STRONGER WITH UNENDING POWER TO SUPPRESS HOSTILE REBELLION.

    14th AMENDMENT Section 4.
    The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any state shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void. 14th amendment section 4

    Amendment XIV Section 1.
    All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the state wherein they reside. No state shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any state deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.
    Section 3.
    No person shall be a Senator or Representative in Congress, or elector of President and Vice President, or hold any office, civil or military, under the United States, or under any state, who, having previously taken an oath, as a member of Congress, or as an officer of the United States, or as a member of any state legislature, or as an executive or judicial officer of any state, to support the Constitution of the United States, shall have engaged in insurrection or rebellion against the same, or given aid or comfort to the enemies thereof. But Congress may by a vote of two-thirds of each House, remove such disability.

  23. @RizwanAlamRizzy

    Dude if it’s going down it’s going down to $38K and further down to $34.9K that’s where you put your orders. If not then there’s no point waiting for 40K and above it’s all same from $40K-$45K

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