Transcription
Yo, welcome everyone. Bitcoin is pumping, but this unfortunately can be a major trap. That's why I do have some bad news for you today. Let me show you.
First, you're actually going to see that a lot of people really have no idea of what they are doing in the market. Yesterday, exactly at $110,000 area, we actually got a lot of people longing Bitcoin. But why is this right here going to be a bearish Bitcoin indication? Pay attention to the CVD indicator. The yellow line right here is measuring if we are seeing buying or selling pressure coming in the market. We got quite a significant increase which means buying pressure is coming in the market. Also, open interest got an increase towards the upside which simply means people are entering brand new long or buying positions. But the reality right now is even though we got a lot of buying pressure coming in, we were not able to see a push towards the upside. Bearish indication, bearish absorption. And of course also that is why Bitcoin got another push down. And of course, people that entered a long position right here, pay right now attention to the liquidations. We got a liquidation spike exactly on the move down which simply means people that entered a long position right here got completely wrecked and completely liquidated. And as of right now, yes, we are seeing a push towards the upside without them. So this right here really proves my point. Bitcoin usually moves once a lot of people get liquidated. So if majority of people are positioning in a long position, of course, first we need to shake them out and only then do see another push toward the upside.
Of course, as right now, I do remain in my long position on Bitcoin, on XRP and also on SUEI. But right now, I also want to share with you why the entire push towards the upside can actually be quite a significant trap. Right now, first of all, you need to be aware of the major golden Fibonacci ratio at 113.8,000 US area. Remember, we have been talking about this specific level right now for a very long time. And what you're right now going to see, the gold pocket is definitely aligning perfectly with the anchored VWAP when we anchor it exactly at dodam high. But not only that, what if we right now go with our fixed range volume profile and measure the entire upper price action with volume. What you're right going to notice, we are literally talking about the perfect alignment value area low aligning exactly with the gold pocket and also with our anchored VWAP. But not only that, what if we write a go with our exponential moving averages on the 4hour time frame? Usually our EMAs are being respected very very nicely especially if we are moving in a very strong trend and in the past you're clearly going to see we hit the 200 EMA Bitcoin got a very impulsive push towards the upside and as right now if we are going to go just slightly higher. Yes, we are going to hit the 200 EMA on the 4hour time frame aligning perfectly with the anchored VWAP with a golden Fibonacci ratio and also of course with a major volume area of resistance. So that is right now why people that are right now once again going to look to go with a long or a buy position at this specific area of resistance are literally buying exactly at the area of resistance. I am not saying we cannot see a breakout right here and continuation towards another alltime high. Of course, we can. But you need to think logically. Is it right now the best idea for us to enter a long position exactly at the area of resistance? And in my opinion, the answer is definitely going to be no.
Of course, how do you think I was able to enter a long position on Bitcoin at $109,000, on XRP at $2.8, $8 and also on Suie at $3.3. Of course, not by longing the area of resistance, but actually by longing exactly at a very important area of support. And we have been talking also about this specific support area for a very long time. That is right now why I would really appreciate for you to write to smash up the like button because 1,000 likes are really imminent. And also right now, today, I am reopening my free VIP Discord group. The group is limited only to the first 200 people. So, make sure you scroll down, click the link right here, join the VIP Discord group because yes, I am updating my team literally every single day of what I'm expecting to happen with the Bitcoin price next. So, right now, it is your chance for you to get this spot in our free VIP Discord group with a link down below.
Now, let me also talk about the importance of our major and right now the most important volume level at 113.5,000 US area. Why is this specific level such an important price target? Remember the volume theory? Usually, if the value area low gets reclaimed, we can then be expecting a rotation back towards the value area high. Very similar thing already happened at this specific level when Bitcoin got a push down acceptance above the value area low bullish Bitcoin indication and we literally got a major push toward the upside towards another alltime high. So yes, if we are going to be able to reclaim our value area low, not only of course our value area low right here is going to be reclaimed, but also we are going to be trading above a major area of resistance above the golden pocket, above the anchored VWAP, and of course also above a major exponential moving average on the 4hour time frame. So if Bitcoin is able to reclaim all of those levels towards the upside, happy days for Bitcoin. Let's look for higher targets. Until we are actually above the value area low. Unfortunately, the area of resistance is still the area of resistance. And also, we need to right now still understand Bitcoin on the 4hour time frame. Looking right now at the exponential moving averages, it is still moving in a downtrend. On the 2-hour time frame also, we are still moving in a downtrend. So, right now, I am not getting overly bullish on Bitcoin. Yes, I do know that a lot of people looking right now on the push towards the upside, maybe even are entering brand new long positions, but to be honest at the area where we are, no, I am not interested to fire another long position. And later in the video, I'm going to share with you exactly where we can be looking for another long position on the Bitcoin chart itself.
Additionally, let me right go with the RSI indicator, MACD indicator, and also Akler stoastic CG oscillator. On the 4hour time frame and also on the 2-hour time frame, there is right now some kind of a bearish divergence potentially forming. Lower high on the RSI, higher high on the Bitcoin chart itself. On the 4hour time frame, a very similar story. Lower high on the RSI, higher high on Bitcoin, potentially also a lower high on the MACD indicator. So what we are seeing as right now in terms of the indicators is not the most bullish Bitcoin indication and of course a bearish divergence. Technically speaking it is even going to be a bearish Bitcoin indication on the stocastic CG oscillator on the daily time frame. We are as of right now also trading at the overbought area and already what we said yesterday if the Eklers is in the overbought it is definitely going to be a bearish Bitcoin indication.
But let me right now share with you what other people are right now looking at on the 2-hour time frame. Something I also very briefly mentioned yesterday. But nevertheless, what if we write a go with a head and shoulders pattern and identify an inverse head and shoulders on the 2-hour time frame? We can write a say we got our left shoulder. We got some kind of a head right here. And also with a push down, one could write to say we already got some kind of the right shoulder. And of course, guess what? People really like to trade breakouts. They are right now looking to go with a long position because apparently we are right now closing the two-hourly candle above the neckline. Again, do not get me wrong. Sure, Bitcoin can continue higher towards another alltime high. But again, you need to ask yourself, is the area where we are as right now really a good level for us to be looking to fire another long position? And again, at least in my opinion, the answer is going to be no. I do remain in my long positions, but the reality is I am going to be adding even more to those long positions only if the market is going to commit to us. If we actually do get another push towards the downside.
Additionally, on the 1 hour time frame, we can also be identifying some kind of anonyer lows and also higher highs. Connecting our higher lows expanding this one towards the upside. It really does look like Bitcoin can be moving in an ascending channel with a higher probability of breaking towards downside. And of course, the top of our channel is going to come in literally exactly above the recent high. Of course, we can already potentially get a rejection from the area where we are because yes, we are already right now getting those bearish divergences on the indicators. But nevertheless, we simply need to ask ourselves how can we right now make money in the market. We do not have to know in which direction we move next. The only thing that we do need to know is that at the areas where we are as right now, simply we are not interested to fire another long position, but we are right now being slightly more patient and longing only at the areas of support. That is right now. Why? If you want to trade with us, take an advantage of the free $8,000 US bonus, no KYC, and no VPN with the second link down below because Bet Unix exchange is right now giving to you a 20% deposit bonus. And also, after you're going to open up your first trade, you're going to get additional 10 USDT. This specific campaign is right now valid for the next couple of days. But then additionally, make sure you join our free VIP Discord server with the link down below because yes, the spots are very much limited.
Right now, let me also talk about the daily area of support and the daily area of resistance on the daily time frame. Yes, we confirmed a brand new area of resistance that as of right now is actually already getting a break up. $111.7,000 is going to be our fresh daily level. Additionally, if our daily candle is going to close something like that, we are also going to get another daily area of support. So, what you're right, I'm going to see the first daily level, it has already been very nicely respected. We hit the level, rejected back towards downside. We are going to remove our upper daily and only right a go with our bottom daily level right here. And what you're right going to see if Bitcoin actually does get some kind of a rejection from the area where we are potentially the bottom of our ascending channel is then going to align with our daily area of support. And then additionally we can go with our Fibonacci retracement from the swing low back towards the swing high. Golden Fibonacci ratio coming in exactly at our daily level. What we can write to say the first local area of support for Bitcoin is going to be at the $110.7,000 area and of course if we are then going to be breaking this specific level towards upside only in that case we can then already be looking for much lower price targets ideally also for Bitcoin to take out this specific low and for us to grab as much liquidity as possible because remember already yesterday we were paying attention to the Bitcoin liquidation heat map and as of right now once again The biggest liquidations are not going to be above the recent highs but actually exactly below the recent lows. So that is right now why in terms of liquidity of course ideally we still want to get another push down wrecked as much people as possible. Similarly what we already did only a couple of hours ago right here where majority were looking for a long position right here. Stop them out with a push down and only right now pump it straight towards another higher high. So ideally right now if Bitcoin does get a push down, of course we can be looking to add even more to our long positions right here.
And if you're right now asking me what is the best area for us to be looking for a brand new long position, simply go on my Twitter profile, scroll down right here, because 22 hours ago, I said biglyations are coming soon. And right now, the best areas for us to be looking for long positions are still going to be exactly below this specific low, maybe even below this specific low right here at 104.6,000. $6,000 area. I am looking for long positions, but definitely not at the area of resistance. However, if Bitcoin right now does continue higher, I do remain in my long positions. And of course, we are going to be making even more profits. That is right now why take an advantage of the free bonuses using the second link down below after you register and after initial deposit. But of course, also make sure you join our free VIP Discord group. Also, thank you very much for smashing up the like button.