Bitcoin: NO ONE Is Seeing This! – This BTC Chart REVEALS All…

Opening Statements 0:00-0:39
Wolves Of Crypto Paid VIP Group 0:39-1:13
Recapping BTC’s Movements 1:13-2:43
Move BEFORE February 8th & Other Analysis 2:43-5:06
The Things NO ONE Is Watching 5:06-9:24
Discussion Of How To React & Directional Probabilities 9:24-13:18
The Bitget & Bingx Exchanges 13:18-13:44
The Crypto Academy’s “Become A Trader” Course 13:44-14:22
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LEGAL DISCLAIMER:
It is worth noting that this video, as with all Wolves Of Crypto content, is a representation of my personal opinions on the market and should in no way be considered direct financial advice in any form. I am not responsible for your investment decisions or outcomes, analyse the charts for yourself before proceeding with a trade. This applies to every investment decision in cryptocurrency, stock market and any financial market – including investment decisions directly related to Bitcoin BTC, Ethereum ETH & any other altcoin. This also applies regardless of the wording I use in my context or posts.

Ladies and gentlemen I’m not going to waste your time today by showing you something you’ve seen 500 times in the last week on crypto Twitter and crypto YouTube from people hunting for Clicks in a period of stagnation in the market I’m going to show you something you have

Not seen before after briefly analyzing what you absolutely need to know this line will divide the Bulls from the Bears this line will tell you whether Bitcoin is going to go down below 38.5k or going to stabilize up in this price region and look to attack 49k once again

If we break that line to the downside it will be huge and we need to watch it here is the content you need to see ladies and gentlemen I’ll try to keep this video short and concise but before we dive into the charts today let’s check out the VIP group on

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Without further Ado let’s dive into it now the chart that people aren’t watching that I’ve mentioned in the interaction and that I’m a little bit uh excited I guess shade to show you is RSI related but before we get into that let’s check out what’s happened here obviously everyone already knows but

Just a quick recap Bitcoin was in a vicious up Trend 4 and a/2 months it only recently broke into a downtrend it is actively in a downtrend the downtrend started at around 40K with a break of the higher uh low pattern we have now made a lower low and we’re in the

Progress at this moment we have no reason to believe anything other than making a a higher low right so a lower high I should say so Bitcoin technically speaking from a trend a trend perspective is actually bearish right now it’s in a bearish trend and therefore lower targets are still active

And on the table those targets being 35k 32k uh even potentially you know 28k right I think that’s overly pessimistic I don’t think we’ll go that low but those are the targets that that follow below 38.5 but just because Bitcoin is in a bearish downwards Trend doesn’t

Mean it has to stay in a bearish downwards Trend I’ve got a few charts here I want to show you now first and foremost very important to note that Bitcoin is Major macro support at 38.5 major macro resistance at 49 we rejected from 49 we went downwards 21% to 38.5

And bounced perfectly from that level we’re upwards now on this bounce or almost about we upwards about 14% we’re up currently about 11.6% so it’s going quite well that was a strong bounce we’ve seen some good signs from that bounce as I said the one thing I want to

Talk to you today is about RSI but right now bitcoin’s consolidating and it’s consolidating a pattern that a lot of people are comparing to something like an inverted Head and Shoulders Candlestick formation and I think they’re correct to make that comparison to some extent it’s not OB it’s not

Actually a textbook inverse Head and Shoulders but it does kind of look like one to an extent I I do kind of point out I will observe that these shoulders don’t look very inverted to me me but look let’s just assume it is for the sake of the argument here that’s the

Left shoulder there that’s the head that’s the right shoulder obviously from the head to the neckline we a take would be a a targeted move and that would take us right up to 49k again so you know in saying that we’re reaching the end of the the right shoulder here and in

Reaching the end of the right shoulder we have a triangular formation it’s actually a bullish pennant formation you can see this bullish pennant formation reaches an apex which means it has to break out either up or down before basically the 9th of February so that’s only days away so Bitcoin will be making

A move a definitive move whether it be a confirmation of The Head and Shoulders pattern and and inverted Head and Shoulders pattern and a move to the upside and a break back into a more bullish Market territory or whether it be a break down and another retest of

38.5k that will that will be happening within the next 6 days within the next week so time’s ticking right something has to happen soon and what you’ll notice is that this red line that’s just above the bullish penit formation is about 43.8k now on the weekly chart 43.8k is

Basically an extremely important level in fact the weekly chart level at 43.8k is what is going to determine whether I am bullish or bearish on bitcoin okay a close of a weekly candle above 43.8k will make me once again bullish on bitcoin okay until we get

That close we are in a downwards Trend until we get that close I’m technically speaking bearish because we have to consider the bearish targets the bearish targets are still valid and there’s no reason to believe until we get that close that this is anything other than a

Uh uh a lower high on bitcoin right so we need a break 43.8 candle weekly candle close which by the way the weekly candle is closing in just under two days here just under 48 hours if we get that close everything looks good for Bitcoin

If we don’t well that just kicks the can down the road further and continues the validity of these bearish targets so Bitcoin technically speaking on an overall basis I mean if we really wanted to you know narrow it down as much as possible all I could say was Bitcoin

Looks bad until we get a weekly close above 43.8 K and if we don’t get a weekly close above 43.8k Bitcoin will go lower that is the simplest deduction of what’s going on in the Bitcoin charts right now but obviously Nuance is required and Nuance is very much

Necessary we have a bullish penet formation we have an inverted Head and Shoulders pattern kind of uh those are good signs we also have a strong B 38.5k it’s another good sign we have also an RSI something going to show you on the RSI which is actually the basis of the

Video I’m showing here today we’re going to go to a fresh chart this is the daily chart right and mostly I’m I’m honing in on the RSI now these red lines we have a red line down here at the bottom at 20.2 that’s a level that the RSI very very

Rarely goes below okay we then have a red line here at 88.89% support level has come at as those red lines we also have yellow diagonal lines and you can see that you know for example this yellow diagonal line here stemming from January 20th every single rally on the way upwards

Before the co drop and even after it was knocked down and you could have predicted with the tops of those rallies by just looking at the RSI looking at when we touched that yellow line selling Every Time We Touch that yellow line buying back down below and you’re

Looking at for example 2021 during the bull market we had this massive descending yellow resistance line when we finally broke it to the upside we saw the Skyrocket the second leg of the bull marker we went up upwards from 20 20 to 30 you know 30k upwards to 69k upon the

Breakout of that RSI line same thing occurred here during the bare Market starting in October 21 2021 we saw a line we broke out of that line and and it led us to go from 34k all the way up to 48k and a dead cap bounce right these

RSI lines are very very important uh and if I go so we’ve established that now horizontally and also uh diagonally so let’s delete all the ones that aren’t relevant right now and let’s leave in the ones that are relevant right now on bitcoin there are l that are extremely

Relevant for Bitcoin right now namely there is a line stemming backwards that a lot of people aren’t actually I would say no one that I’ve seen on on on you know Bitcoin ta uh YouTube Twitter has has this line down here drawn in this this longer one they have this shorter

One here but they don’t have this one no one’s really looking at this chart right now right here it is we have a support line stemming from June 2022 on the RSI it’s cut through it’s had three separate retests four separate retests five separate retests it cut through this

Week here which is why no one’s seeing it it’s not EXA clean that is a support line that we bounced off at 38.5k that is a support line that’s still valid on bitcoin and unless we drop below it Bitcoin is not presently going to be seeing downwards moves so that’s a

Yellow line that the Bears and the Bulls need to watch because if we lose that line Bitcoin is going to lose 38.5k we lose that line Bitcoin Bitcoin is going to go down to 35k minimum okay that’s a very important yellow line there that no one’s really watching people are

Watching this yellow line here this descending resistance line and they’re noticing that obviously of course if we break out of this line and that would line up by the way with a break of the triangle formation we just showed you the bullish penet formation and it would

Also line up with a breakout of 43.8k we break out of this line in the RSI here we will see upwards moves on bitcoin and that will likely confirm the bull case but if we reject from that line and then drop down below this support line the

Market could get really ugly okay but obviously there is kind of a a silver lining with this kind of diagonal resistance line here eventually we will break it to the upside regardless of whatever happens next we will break it to the upside eventually and So eventually Bitcoin will recover its

Bullishness and this goes into the fact that regardless of the medium-term and even short term the macro is very bullish Bitcoin will be bullish or macro 2024 will end much higher than it’s started we will in my opinion end 2024 at new alltime highs for Bitcoin but the

Short-term move and me and even medium-term move is kind of undecided you know a lot of people looking at this RSI line and they’re saying we’re going to break out of it we’re going to go upwards there’s no indication of that really uh you know there’s no evidence

For that I should say there there is supporting uh supporting uh you know I guess charts or patterns that would support that the bullish penet formation the inverted Head and Shoulders formation but nothing has actually happened concretely so we need to be just waiting and seeing because

Inversely this could be taken as a very strong resistance line we could say this is a resistance line we need to drop down we need to test this line and if we test that again we’ll probably break below it and we’ll go lower so look this

Is what I mean right and this is what I tried to tell you in the last video uh bitcoin’s messy right now that’s the reality Bitcoin is clear from a trend perspective from a medium to to longer term Trend perspective not even longer term really from a medium-term trend

Perspective Bitcoin is in a downwards Trend the daily chart looks terrible at this point in time but that could change very very quickly so we’re kind of on the edge of a cliff of jumping back into bullishness but there’s a strong wind that’s preventing us from jumping and

The question is will we be able to overcome that wind and jump right so if I want to you know narrow it down by using an analogy like that that’s what it is right now right so bitcoin’s on the edge of achieving bullishness but it’s not quite there yet we just need

One more push one more break above this this bullish penet formation Above This inverted Head and Shoulders neckline Above This daily chart RSI line if we get those things a weekly candle close Above This 43.8k level if we get those things there’s no question Bitcoin will

Go and retest 49k there’s no question of that there’s no question of that that’s the simple reality but until we get it the bearish targets are still active cuz we are still in a downwards Trend but I am telling you I’m showing you this video here cuz I want you to know what

To watch okay cuz I’m not going to be here to hold your hand through every single hour of Bitcoin price action I make a video a day usually five or six videos a week right and usually one or two of them are not about Bitcoin anyway

So I usually make three or four bit Bitcoin videos a week I’m not here at every single move but I can show you what to watch so you know what’s going on so you’re not left in the dark these RSI lines along with this weekly chart

Uh level at 43.8k in my opinion are the most important lines you can have in your Bitcoin chart right now if we lose this support line the bare case is completely confirmed if we break this resistance line the bull case is looking very good especially if it comes with a break of

43.8k that’s the reality and that is what you need to know and this line here this support line no one is watching no one’s watching that line I I I guarantee you I’m I’m not I’m I’m confident that 99% of people watching this video are not watching that support line there on

The RSI they may be watching this one this resistance but they’re not watching that support line I cannot stress to you how important that line is that line will determine whether we break below 38.5k or not if we lose that line we’re breaking below 38.5k if we lose that

Line we’re very likely to come down and retest a red line like 21 on the daily chart RSI if we lose that line we’re very likely to come down and test a weekly chart up trending RSI support which could take us down to 35k before we even get that retest that daily chart

RSI line is very important right so watch it three chart RSI on bitcoin not the daily chart the 3-day chart RSI on bitcoin is facing the same resistance line quite interesting to watch it gives extra validity to the daily chart resistance line and makes that a line to

Watch as well so there’s three important lines the weekly chart weekly chart through 43.8k and the candle close that’s coming up it’s the daily chart resistance line on the RSI it’s the daily chart support line on the RSI these are all the lines you need to

Watch because right now as I said before the the charts in my opinion I can I can narrow it down in two sentences bitcoin’s in a bearish trend the lower targets are active until we get a a a clean bullish weekly candle close and in that bullish weekly candle close would

Come those daily chart breakouts that’s what it is right now so it’s bearish until further notice uh and if we break below this support line it’s it’s fully actively bearish that’s when you start loading in your short positions look the last good time in my opinion to start

Shorting was up here at 48k to 49k that’s why I was literally explicitly saying it 12 hours before the top for a week on end I said as we were running up here short that level short that level short that level it was a good short everyone was bullish everyone got

Wrecked I’m saying right now as we’re in the middle between a resistance Zone and support Zone it is not really the time to make any major moves in the market unfortunately it’s not the time for it you need to be waiting for these confirmations waiting for breaks of

These lines I mentioned in this video guys thank you for watching check out the bitg and Bing X exchanges Bing X is global non kyc bitg is global kyc minus the USA neither of these exchanges have been hacked before and both of these exchanges have my referral links with

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