BITCOIN REVERSAL SIGNAL CONFIRMED (Prepare Now)!! Bitcoin News Today & Ethereum Price Prediction!

BITCOIN REVERSAL SIGNAL CONFIRMED (Prepare Now)!! Bitcoin News Today & Ethereum Price Prediction!

welcome back to the c channel everyone
my name is Josh and right now this
massive bullish reversal signal is
flashing on the Bitcoin chart while the
price of Bitcoin is still forming this
short-term pattern so I’ll be talking
about that in just a moment alongside
ethereum which is still running into
critical shortterm resistance while
salana is now breaking out above
critical short-term resistance so I’ll
be talking about all of that and more
later in the video so definitely watch
to the
end first of all just giving you a quick
update on the Bitcoin ETF news today and
just on Monday we actually saw a decent
net inflow of around
62.2 million us and honestly we didn’t
really see any massive inflows into any
single Bitcoin ETF on Monday but we did
see a relatively small outflow from
grayscale because keep in mind the
average day for grayscale so far has
been an outflow of around $240 million
us whereas on Monday we saw only an
outflow of around3 5 million from
grayscale and so with that reduced
outflow from grayscale the reduced
selling pressure from grayscale while
still seeing some okay inflows into the
other ETFs once again that gave us the
net inflow at the end of Monday of
around 62.2 million us and in case
you’re new to all of this net inflows is
bullish and net outflows is bearish so
this net inflow right here is seen as
bullish this is buying pressure but
anyway getting into the Bitcoin charts
this is on the 3-day time frame and
honestly this chart right here has not
really changed over the last one day so
if you’re new to the channel and you
want to know more about this chart right
here then check out my last one to2
videos here on the channel to find out
more and the same can really be said
about this chart as well obviously we’re
still within this larger bullish Trend
forming higher lows and higher highs on
the larger time frames and of course
during a larger bullish Trend also known
as a bull market we can see short-term
pullbacks from time to time which is
very normal to see and so as I always
say it’s important to to understand the
difference between the different time
frames of course on some time frames
here and there in the short term we can
look a little bit more bearish while
still remaining very bullish on the
larger time frames and if we’re taking a
look at this daily Bitcoin chart of
course a few weeks ago back here when
the dxy was spiking to the upside I was
looking a little bit more bearish in the
short term talking about how we’re most
likely going to see a bit more bearish
price action in the short term but over
the last half a week to nearly one week
now since basically this local low right
down here I’ve been talking about how
the dxy is no longer spiking to the
upside and instead what we are now
seeing is actually a bit of a pullback
in this dxy and so as I’ve already been
saying over the last half a week to one
week or so I’ve been saying that this is
a potential bullish reversal signal for
Bitcoin because as we can clearly see on
this chart when the dxy is bearish that
is usually very bullish for Bitcoin and
crypto and vice versa if the dxy is
bullish that is is often bearish or at
the very least neutral for Bitcoin and
crypto and so over the last one day
we’ve actually seen a continued pullback
here in the dxy which is good news for
Bitcoin because once again if this
pullback continues in the dxy that is
seen as a bullish signal for Bitcoin and
crypto and so remember on the larger
time frames we’re still within a larger
bullish Trend when we’re looking at the
larger Trend at play but that larger
bullish trend is made up of shortterm
bullish short-term bearish Trends here
and there and obviously a few weeks ago
we did have a bit of a short-term
bearish Trend during the larger bullish
Trend but as I’ve already been saying
over the last half a week or so it is
looking likely we’re about to reverse
out of that short-term bearish Trend
into a new short-term bullish Trend
Meanwhile we’re still within the larger
bullish Trend as I’ve been saying this
entire time and if we’re taking a look
at this daily Bitcoin chart as I’ve also
been saying recently here on the channel
where basically now seeing a breakout
here in the daily Bitcoin RSI and as of
right now based on this line of
resistance right here we’ve actually
seen one daily candle close confirm with
the RSI trading Above This descending
line of resistance on The Daily time
frame and if we’re simply looking at the
past few times where we have seen this
signal confirm in the daily Bitcoin RSI
basically a breakout above these
descending lines of resistance
essentially those were signals telling
us that we are no longer in that
pullback phase we’re no longer in that
short-term bearish Trend and we’re now
about to see the next leg to the upside
in the larger bullish Trend also known
as the next short-term bullish Trend and
so this is yet another short-term
bullish reversal signal that I’ve
already been sharing here on the channel
over the last few days and has now
technically confirmed with one
confirmation with one daily candle close
with the RSI Above This resistance and
in order to become more confident that
we’re really flipping much more bullish
again in the short term ideally if the
RSI can actually form some higher highs
and higher lows that would be even
better that would be a sign of strength
for Bitcoin in the short term and if
we’re taking a look at this 4-Hour
Bitcoin chart over the last one day or
so we have now seen a breakout above
this area of resistance which was
sitting in between around 65 to
66,000 and as of right now we have
already seen multiple candle closes on
the 4-Hour time frame confirm above this
area of resistance and at the time of
recording this video we’re now actually
seeing a ret test and a possible Bounce
from this area of resistance potentially
about to confirm it as new support and
so obviously that is bullish price
structure anytime where we confirm
previous resistance into new support
that is price structure heading in the
bullish Direction and so if this is now
acting as support the next resistance to
the upside to watch out for is sitting
in between around 68 to 69,000 and above
that we have significant resistance at
around 715,000 and this area of
resistance at around 73 to 74,000 and
technically speaking this bullish
Divergence on the 4-Hour time frame is
still currently active because we have
not yet seen any bearish reversal here
in the RSI or in the price at least in
the short term as of right now both the
RSI and the price action on the 4-Hour
time frame are both forming higher lows
and higher highs and so as I’ve already
been saying here on the channel over the
last 1 week approximately since all the
way back down here I’ve been saying we
should be expecting most likely a
bullish relief or at the very least a
sideways consolidation as the most
likely outcomes due to this bullish
Divergence now playing out but obviously
around these areas of resistance those
are the areas on the chart where the
Bitcoin price is most likely going to
struggle at and we already saw that over
the last few days or so just for a few
days here the price did indeed struggle
at this area of resistance before
eventually breaking out and so just keep
that in mind these resistance areas are
still potential levels where the price
can struggle at in the short term and if
we’re taking a look at this 4-Hour
Bitcoin chart at least as I’ve recorded
in this video the price of Bitcoin is
still technically forming a potential
Rising wedge pattern and as of right now
this line of support is currently
sitting at roughly around 66,000 and
this line of resistance is currently
sitting at roughly around 67,000 or just
above 67,000 and now considering the
fact that we have not yet confirmed a
break either below support or above this
resistance right here technically this
pattern is not in play we do not have
any price Target in play for this
pattern right here at least as I’ve
recorded in this video but let’s just
say if we see a confirmed break to the
downside below this line of support
right here so below around 66,000 then
in that case that would set up a
technical price Target to the downside
which would be an initial price target
for this pattern at around
62,000 but it’s important to understand
that right now we potentially now have
support in this region considering we’ve
just broken out above this area of
resistance which should now act as new
support and so even if we dip below
66,000 we could potentially still find
support in between 65 to 66,000 once
again this area right here and so
ultimately we’ll basically have to break
below around $65,000 and ideally below
this low right here at around 645,000 as
I said in my last video in order to
actually confirm this bearish price
Target right here which obviously as of
right now has not happened and so once
again at least for now this potential
bearish price Target is not yet in play
it’s not even a thing right now it would
only come into play if we see that
confirmed bearish scenario with a
confirmed break below this line right
here and when it comes to my personal
Bitcoin trading strategy right now as of
right now I am still longing the price
of Bitcoin as I’ve already been saying
for a couple of weeks now here on the
channel because first of all all the way
back around here I already mentioned
that I was starting to scale into a long
position as the price dropped further to
the downside I was slowly scaling into a
long position with buy orders to the
downside lowering my entry price and as
I mentioned on the channel right back
here I did take a small amount of
profits off the table from that long
position around this high right here and
as I mentioned in my last video I also
took a little bit of profits off the
table from that specific long position
right around here and so as of right now
I have already taken some profits off
the table for that leveraged long
position but as I also said in my last
video I still have some of that position
remaining open so I’m still longing the
price of Bitcoin right now and even if
we see this break to the downside in the
short term even if that actually happens
I would not necessarily want to enter a
short position due to reasons I’ll
mention in just a moment but first if
you want to trade these moves in the
price of Bitcoin or any other crypto
personally I’m taking that Bitcoin long
position over on bybit so I’ll make sure
to leave a link to bybit in the
description down below and in the pinned
comments and in fact if you use that
link down below this video to make a
buybit account and deposit on that
account you can get up to a $30,000
deposit bonus but only if you use that
link down below this video and also if
you use that link it’ll take you to this
page right here where you can claim an
exclusive 200 usdt airdrop position and
this free airdrop is only available if
you actually use the link down below so
if you already have an existing buit
account and you want to claim this
airdrop unfortunately you won’t be able
to do that unless you for example close
that by account and open a new account
using the link down below this video but
either way if you’re trading crypto
anyway or if you’re preparing to take
the next trading opportunity you might
as well get set up ready to go using
that link down below this video if you
want to claim those extra bonuses but
for whatever reason if you cannot access
buit or if you cannot kyc on bybit there
is also bitflex which is another crypto
exchange similar to bybit but you don’t
need kyc for bitflex and so I will also
make sure to leave a link to bitflex
down below this video as an on ative
crypto exchange but anyway as I was
saying earlier even if we see a break to
the downside and as I also said in my
last video I would not necessarily want
to enter a short position even if we see
a break to the downside because
ultimately we’re still overall more
bullish than bearish this is just one
potential bearish scenario if we confirm
a break below this support but we have
an overwhelming amount of bullish
signals flashing on the chart right now
that we need to pay attention to and
also if we’re looking at the Bitcoin
liquidation heat map on the larger scale
we still have a massive amount of
liquidity pulling the price of Bitcoin
to the upside first of all at around
715,000 and much more liquidity billions
of dollars of liquidity sitting at
around
73,000 which is basically acting as a
magnet pulling the price of Bitcoin
towards those higher levels and on top
of those levels of liquidity to the
upside for the price of Bitcoin we also
have the funding rates sitting below
neutral with some funding rates still
sitting in negative territory and I’ve
talked more about this in detail in
previous videos here on the channel over
the last few days and so if you missed
my last few videos definitely check
those videos out if you want to know
more about the funding rates but
basically when the funding rates are
below neutral usually that’s not a very
good sign to enter a short position or
to flip much more bearish even if we
break to the downside below support
because usually when the funding rates
are negative or below neutral that is a
potential sign that a short squeeze
could be coming which means the price
can go a lot higher and once again this
is nothing new I’ve already been talking
about these below neutral funding rates
for almost a week now on the channel
saying how this is yet another bullish
Factor here in the short term and so
ultimately due to all of that my trading
strategy right now for Bitcoin is to
Simply remain long on bitcoin I’m still
holding that long position I’ve only
taken a small amount of profits off the
table around these highs and as I also
said in my last video Even if we see
that break to the downside which is a
possibility I’m not saying it’s
definitely going to happen but even if
that actually happens personally I’ll
just use a potential pullback as an
opportunity to accumulate more Bitcoin
or to enter a larger long position
because once again we simply have an
overwhelming amount of bullish signals
flashing on the charts right now but as
always that is not personal financial
advice for you because I don’t know your
personal financial situation I’m just
being transparent with my trading
strategy right now and if we’re taking a
look at ethereum on the 8 hour time
frame right now the price of eth is
still running into this area of
resistance but we’re getting closer to a
potential breakout because this
short-term area of resistance is sitting
in between around 3.2k to 3250 and
technically speaking this bullish
Divergence on the 8 hour time frame is
still active and so once again as I’ve
already been saying since all the way
back down here we’re most likely going
to see either a bullish relief in the
short or at the very least a sideways
consolidation basically I’ll no longer
be expecting significant bearish price
action in the short term due to this
bullish Divergence now playing out and
if we actually see a confirmed breakout
with candle closes above 3250 and
ideally if we actually flip that area
into new support then in that case we
could run up towards the next area of
resistance sitting in between around
3470 to
3530 and the next significant resistance
is at around 3650
and so those would essentially be the
next short-term price targets for the
price of eth if we first confirm a
breakout Above This resistance at around
3250 and if we’re taking a look at the
3-hour time frame when it comes to this
Rising wedge pattern for the price of
eth in the short term this has actually
been invalidated over the last one day
because we initially saw a break below
this line of support and then we quickly
saw a recovery and a breakout back above
that same line right there and so once
again that’s an invalid validation
signal basically invalidating this
pattern right here so as of right now
this pattern is no longer playing out at
all and so that’s why I was already
saying in my last video Even if we see a
break to the downside I would not
necessarily want to enter a short
position because right now we’re simply
looking more bullish than bearish in the
short term even if we’re breaking below
this level of support and so ultimately
we just need to focus on these areas of
support and resistance on the chart and
also this bullish Divergence which is
technically still actively playing out
and if we’re taking a look at the price
of salana on the 8 hour time frame what
we are now seeing in the price of salana
what we’ve seen over the last one day is
a confirmed breakout here on the 8 hour
time frame above
155 which is bullish because first of
all
$155 was the top side of this area of
resistance right here which we broke out
above and also at around 154 to 155 that
was this descending line of resistance
for the bump and run reversal pattern
and as I explained in my last video a
bump and run reversal pattern is a
three-stage bullish reversal pattern
with the leading stage the bump phase
and the Run phase back to the upside
with the price Target at the beginning
of the leading phase at around $200 once
we confirm the breakout which
technically has now happened over the
last one day and so at least based on
this bump and run reversal pattern we do
now have a technical price Target in
play at around $200 but keep in mind we
still have this area of resistance where
the price could struggle at in between
around 167 to 172 and of course as I’ve
also been saying here on the channel for
around a week now since all the way back
down here I’ve been saying this bullish
Divergence is still playing out it is
still active so I would not be expecting
a lot of bearish price action in the
short term and instead we’re likely
going to see a bit of a bullish relief
which has been playing out exactly as
expected and not only is a breakout
above 154 to 55 bullish due to this area
of resistance and this descending line
of resistance right here we also have
this Adam and Eve bullish reversal
pattern now playing out and this is
something else that I’ve also been
talking about over the last few days
because we’ve already formed the pattern
we were just waiting to see a confirmed
breakout above around 154 to 155 and
what we have now seen here on the 4-Hour
time frame is a confirmed breakout with
candle closes above 154 to 155 and
actually a retest retesting that level
and now bouncing from that level
basically flipping previous resistance
into new support which is bullish price
structure that’s another bullish
confirmation signal of the breakout to
the upsid and so essentially this will
only invalidate this price Target would
only invalidate if we now see a
confirmed break with candle closes back
below around 154 but for as long as the
price can now hold Above This level at
154 to 155 then we do have this
technical price Target in play at around
185 to 186 and so from the point of the
breakout to that price Target that was a
potential 20% move all the way from the
breakout to the price Target or from
where we are right now as I’ve recording
this video to that price Target that’s
still a potential 177% move to the
upside and also once again we still have
to remember that even if we have this
price Target in play we still have this
area of resistance above the current
price where the price can still struggle
at but if you want to trade these moves
in the price of salana or any the crypto
once again check out those links down
below this video if you want to claim
those extra bonuses and if you want to
actually know how to trade crypto no
matter if the price is bullish bearish
or chopping around sideways then make
sure to watch these videos popping up
right here on your screen the video in
the top left shows you how you can
profit from bullish or bearish Price
action using long positions or short
positions and the video in the bottom
left shows you how you can easily profit
from choppy sideways press action but
anyway that is everything that I have to
say for today I really hope you enjoyed
and I’ll see you all in the next video

BITCOIN REVERSAL SIGNAL CONFIRMED (Prepare Now)!! Bitcoin News Today & Ethereum Price Prediction!
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Timestamps:
Bitcoin ETF News Today!! 0:00
Important Bitcoin Analysis! 1:26
Ethereum Technical Analysis! 13:29
Solana Technical Analysis! 15:32

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*DISCLAIMER*
The information presented in this video is for educational and entertainment purposes only and is not financial advice. I am not a financial advisor. Trading can result in loss of funds. Individuals must consider all risk factors including their own personal financial situation before trading. All individuals are responsible for their own trades and investments. Crypto World, “Josh” and affiliates are not responsible for individual loss due to poor trading decisions or any other actions which may lead to loss of funds.

This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.

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