Transcription
Bitcoin continues to consolidate since the registration, we will talk about it today. We will also talk about this week's low. We will talk about the news we will also have next week and we will do an analysis of Ethereum. Just before starting, I remind you that our free algorithm service is still available. You keep 100% of the gains. The algos made another 23 TP last week. It's free to access. It's the first link in the pinned comment, all links concerning my content. But that's not all. I've made you a video that explains how to get the complete mentorship, the crypto VIP and the altcoin VIP in which I will share the best altcoin opportunities from my point of view. You just need to register on Bitgate via your partner link. It's the first link right here. You create your account on the platform. You will also have deposit bonuses and fee reductions. And then, you just have to click here on Algo Trading, Mentorship, VIP, Altcoin and Crypto. It's a short video that explains absolutely everything. All of this is free to activate the content you want. So to come here on BTC, so today is Sunday and we are going to have the weekly close tonight which will allow us to validate or not a weekly fair value gap and if it forms, we can say that next week the price could come to recover the low of our current week which will be last week and theoretically it would be a good zone to try to launch bullish continuation because I remind you that it is essential to break this weekly FVG to make continuation if we don't succeed and Bitcoin gets rejected by this weekly FVG and breaks the bullish fair value gap that is forming here. That would really be a sign of bearish continuation and would confirm that Bitcoin is really starting to enter a bearish phase and then there would be several targets including $107,000, $105,000, why not even $98,000, the low of June which covers a monthly fair value gap. On the other hand, if next week we come and take the low of the current week, which will be last week's low, and the weekly fair value gap rejects us and we attack upwards again. Then there is everything needed to break the bearish fair value gap and go revisit the ATH. Well, before that, obviously, there are the hourly fair values, you remember, 119300 and so on and so on. But from my point of view, there would still be a lot of probability to reach the ATH. So, it's simple. In fact, for me to explain this frankly in hourly, it might be a bit simpler. Bitcoin, if it comes to purge the stops here, must react very strongly. Okay? And frankly, to just take the stops and make a bullish continuation, that is to say, we take the stops from this zone, we react well and we go higher, like the stops here from this zone of all these highs to go get this FVG and why not the ATH. Again, the ATH is really the most important zone. Why? Because there is the big trendline of the previous two cycles that blocks us, which I have shown you many times. So that would be important. An intermediate level that I will note because sometimes the market is a bit tricky, it will not necessarily go for the stops. All the stops, it would be for example this low today. That is the low of Friday. Okay? So I will call it Friday. The market could, I'm not saying it will happen, but observe the price reaction here carefully. It happens sometimes that the price just comes to recover the low stops and then we have the inversion, leaving the stops quiet here to go get them later, of course, but for example, the price could just come to get this low in order to go higher. We are talking about a bullish scenario. Okay. Why are we talking about a bullish scenario? Because there is a world in which the weekly fair value gap forms and is maintained. And what invalidates any bullish scenario is the disrespect of this weekly fair value gap which for the moment could come to life here because I have already told you, but on weekly we have had signals that are not good at all, that is to say the break of this fair value gap, we closed below it and the fact that we have formed a bearish fair value gap. Here, we may already be starting a new bearish leg like this. That's why it is absolutely essential that if we come to recover the stops below the last lows, that the price reacts and does not make a descending high. That is to say, the price does this and goes back up because if we do this, that is really not good. That will be more indicative of, in my opinion, bearish continuation to recover all these lows. Okay, so this week, well Monday will be important I think already. And also, we have news this week. We have the GDP figures. Well, these are really the final figures, so normally we shouldn't be very far. The market doesn't care much, I think. On the other hand, Core PCE is important. If Core PCE continues to rise, it can limit rate cuts and then the market might not like it. If we have a Core PCE lower than the forecast, it would be positive. Also, we have a small Powell speech on Tuesday, but I don't think it will be the most important thing either. The FOMC has already passed, so it will just summarize what was said. Very likely, it won't be anything incredible. To move on to ETH, hop, here Ethereum. So Ether, he is still struggling a bit around his daily FVG. So, well, whether we have broken it or not, I think it's a bit too early. The price could go back into it without too much trouble. But broadly speaking, what needs to be observed is the low, quite simply, where the stops are, 4404. And frankly, I'm telling you, I was saying it yesterday, it's the last chance we're giving ETH. That is to say, if we come here and react well, okay, it can definitely relaunch upwards to try to recover 4640, 4768, why not the ATH. First thing. Second thing is that from tonight, when the new weekly candle opens, if we haven't made new lows since then, so imagine the price did this. Okay, that will become last week's low if I'm not mistaken. That's right. So that would become a level to hunt for eventually at the beginning of the week to initiate an upward movement next week if there is an upward movement. But what needs to be understood is that I was already saying it yesterday, the price must not settle below the last low because if it does, it definitively validates the re-entry into the range and that is more indicative of ETH looking, in my opinion, for at least $4200 or even $4060. And so that would not be positive because it would be the following scenario. Consolidation, manipulation, expansion. We consolidate, we take the stops, what is called manipulation, and then we do the bearish expansion which comes to recover all the stops to the south. And there, it's hard to say where it might stop, but $4060 will be a totally realistic target at a minimum. So if we go to $4060, we would go below $4000. So it's important to understand that Bitcoin must react on the stop zone we saw, below the stops, and that ETH also must react very quickly if it comes to take its stops here to do another liquidity grab. Once here, a second time here, a third time here and continue to accumulate highs so that we can liquidate them and recover the ATH on the CME, something that has not yet been done. We stopped a few dollars before. So that's very important. Also next week, all that concerns ETFs, inflows, outflows, we will have to observe the important American indices as well since they have risen all week. Will they not correct next week, for example? All this remains to be observed. Personally, I think the American indices still have some juice. I wouldn't be surprised if next week we take a little tour in the fair value gap but then we can continue to rise. So on the index side, it's okay. Also, there is everything concerning the Russell and so on. For me, there are higher targets to reach, notably the 2024 highs. So that leads me to think that the indices can still rise. The VIX also, we haven't gone to get its lows yet. That leads me to think that the indices can still rise a little. So that could allow the crypto market to still have some bullish momentum. Why not Ethereum to slightly exceed its ATH and Bitcoin as well. But to do so, we would need indices too because if the indices correct, knowing that the crypto market is weaker than the index market, well automatically that would make the crypto market correct. So the index market must continue to push so that we have a BTC that can correlate with the indices and go for stops and so on since I remind you that on the CME, the stops have not been taken and that is often something that is done. Here, I'm talking about BTC, but well, no, it stopped just before the stop taken on the futures markets. Well, it's to say that, well, you have to understand that there is Monday's low right here, that the price, well, it's the preview weekly low now on the CME actually because it has already closed, would be to say that if we come to recover these lows, well, I still estimate that there are chances we will come back to say hello to these highs since they have not been hunted, but on the perp, they have been hunted. So that's just the little thing that makes it so that maybe it will remain a tag on the CME, but it's rare. It's rather the CME that often does the stop taking compared to the peer market. So I would be surprised if we leave that intact, but who knows. I don't have much more to say. I think I've covered everything. I'll stop here for today. I hope you enjoyed it. If so, don't hesitate to smash the thumbs up, subscribe, leave a little comment. Thanks to those who play along. I remind you in the description box, you have the possibility to join my school too. First link in the pinned comment. It's the only paid subscription I offer because you can train with me every day from Monday to Friday live, but it's also available as a replay. It's right here, join my trading school. It's €49 per month, it's without commitment. You have even cheaper offers. 36 and 12 months are cheaper. You will have access to the daily brief, to the Discord. You will also have access to the school's training which is exclusive to the school and not found anywhere else. 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