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BITCOIN MEGA MOVE COMING !!!!! [Last 48 Hours]



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BITCOIN MEGA MOVE COMING !!!!! [Last 48 Hours]

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Crypto kids welcome back to another video this is an emergency technical analysis update uh just a couple of minutes ago well we broke out of this descending broadening wedge and uh I updated you guys around 2 hours ago over on my Twitter and my free telegram channel so I definitely recommend going

And following my Twitter and joining my free telegram announcement group because um I can post any of my ta that I can’t immediately post on YouTube when I have time so I definitely recommend checking that out both of them in the description of today’s video but let’s jump back

Into the Bitcoin ta and discuss what’s happening so Bitcoin is seeing the break out of this descending uh broadening pattern and what we can see here is there are a couple of factors which I also described on the Tweet too that we need to be on the lookout for and

Bitcoin was trading approximately here um and um I mentioned that volume needs to go up right so that’s the first factor that we need to go through if we’re going to see a breakout we need to see an increase in the volume and number two we should be on the lookout for

Divergences and clearly we can you can see that Bitcoin was forming a bullish Divergence on the 4H hourly time frame and we broke out with increasing volume so all of these are incredibly bullish factors and um as you can see I prepared the target here for Bitcoin at

$44,500 now if you’ve watched the previous update video you know that the 44.6k is incredibly important as we have $4 billion worth of liquidations and it is very possible that Bitcoin goes up to this level to collect the liquidity and then see a reversal now we also mentioned in the last update that

Bitcoin making it back into this ascending triangle would be phenomenal right because we were testing the previous uh well now the support again of this ascending triangle and we could have seen a reversal back to the $40,000 area however today’s candle on an MRI buy which indicates a reversal in the

Momentum caused Bitcoin to Skyrocket back into this triangle and uh guys if we can make it back to the resistance and push through with volume with a confirmation with a retest then Bitcoin can hit $47,000 especially with 72 hours away from the SEC notifying all of the approved Bitcoin spot ETF issuers that

They are go for launch the following week so this would be incredibly important and I know I said that I’m not going to do any more Justice to this triangle however uh we can make it one final exception and move the support line of this triangle to the following

Area and there we go everything is fixed but things look incredibly bullish we’re also forming this parallel channnel on The Daily time frame um and we’ve broken out of the mid-range support of this parallel channel that is super bullish but keep in mind in technical analysis

Assets never tend to it’s very rare that assets after testing the support line we immediately break through out of the resistance into its Target so it’s very possible that we see a um you know we see a retrace from the $44,100 level or we see a wick to 44.6k and then we fold

Down back to this mid-range support and continue pumping to either the first Target of this channel 44 45,000 $800 and then the second target of this Channel at $47,500 now if you’re wondering how can I potentially enter into this trade well I have some good news for you so Bitcoin

Is now about to test back to the resistance of this bullish pennant as well which is super super incredible to enter back into a trade I would be looking out for a retest on the this descending broadening wedge um at around $ 42,300 would be possible and if I put

The Target to here that would give you a very nice risk-reward trade and the stop loss personally I would put at 42.3 so this would give you a 1 to 4.7 risk reward trade which is not bad at all and you can also set this trade if you like

To over on bitflex by going to conditional orders and placing your order uh like so but if you want to learn how to do that you can head over to this video and learn how to trade crypto on a crypto exchange where I discuss how to use limit orders Market

Orders conditional orders Etc and by signing up to bit flees using this link you can get up to $ 68,800 worth in prizes but guys just to reiterate I definitely recommend following me on Twitter and joining the free telegram channel so you do not miss on um any potential breakout or any

Potential pattern that I discuss before posting on this video for now it’s completely for free but in the future I may put a small fee on it but that is pretty much it for today’s update guys I hope you enjoyed it I hope you have a beautiful new year head I’m crypto I’m

Back to school tomorrow so I need to go and sleep but uh guys thanks so much for watching take care and I’ll see you all in the next update very soon take care guys and bye-bye

16 Comments

  1. BTC being rejected on the RSI daily Downslope line towards 50 level – hope we don't break this level – IF WE DO – then watchout for a big correction – perhaps back down to 30 to 35K

  2. Bitcoin is going to go sideways between 38K and 45K for about 100 days which would line up with the halving and spot ETFs actually becoming purchasable. Its at the same position as April, but with a bit shorter of a sideways move to keep the bull curve in play. The next big gainers are those that have been lagging, like ETH, which is primed for a big move up.

  3. Futures are high on Bitcoin….I don’t think it will hold but will pull back then hold till she breaks out on Tuesday the 10 with the SEC. Cheers The Milkman-Providing wholesome goodness for the internet!

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