BITCOIN & ALTCOIN WARNING: Avoid This PULLBACK!!!!! Bitcoin News, Ethereum, Chainlink, XRP & Solana

welcome back to the crypto Channel everyone my name is Josh and right now Bitcoin is retesting this critical area on the price chart to potentially flip previous resistance into new support so I'll be talking about that in just a moment alongside ethereum also potentially about to do the same here in the short term while the price of chain link is right now playing out this bullish Divergence in the short term while salana is now rejecting from this key area of resistance while the price of xrp is also doing the same here in the short term rejecting from Key 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 starting off on the weekly Bitcoin chart and right now Bitcoin is technically still playing out the larger bull market despite seeing short-term dumps and short-term pullbacks along the way which of course we can see during these larger bull markets so not much has changed on this chart over the last one day and if we're taking a look at this weekly Bitcoin chart technically speaking we're still lacking bullish momentum on the larger time frames as shown here in the weekly Bitcoin macd obviously losing momentum over the last few weeks as I've been talking about over the last few weeks and so this essentially tells us we're taking a bit of a break during the larger bull market but doesn't necessarily mean the Bull Run is over because of course we saw something very similar pretty much exactly 1 year ago so what we saw back then was a major bull run but roughly around halfway in between that bull run right there we saw a major slowdown for roughly around 1 to2 2 months or so from starting around the first half of December up until the end of January we saw a major slowdown losing momentum but then eventually we continued the Bull Run later on near the end of January and so right now we're potentially still repeating history as I've been talking about over the last few weeks and if we're taking a look at this 4-day Bitcoin chart right now the super Trend indicator is still sitting in the green indicating a larger bull market but if we're taking a look at this weekly Bitcoin chart right now this bearish Divergence is technically still active on the weekly time frame with obviously higher highs already confirmed in the price of Bitcoin in the weekly candle closes and lower highs confirmed in the weekly Bitcoin RSI and so this basically tells us that we're also losing a lot of bullish momentum here based on a bearish Divergence confirmed on the weekly time frame So based on these four charts right here at least based on these two right here these are telling us we're still in a larger bull market but these two charts right here are telling us we're still due to see a bit of a Slowdown in the shorter term during the bull market so potentially in the next couple of weeks or so once again we're likely going to see a bit more choppy sideways price action so some short-term pumps and short-term dumps mainly chopping around sideways for potentially a couple of more weeks or so before eventually the continuation of the bull market later on but with that being said if we're taking a look at this daily Bitcoin chart of course this bearish Divergence is technically still active and this was one of the first signals that I talked about multiple weeks ago now on the channel since before all of this price action right here this was one of the first signals that I said here on the channel is likely going to cause a Slowdown in the price meaning either a bit of a pullback or choppy sideways price action so basically a setback from the bull market and I said that weeks ago since before all of this price action right here and obviously since I said that back here that's exactly what we have seen as expected and like I've said recently here on the channel even if we see a little bit more of a bullish move here and a breakout here in the RS I technically speaking that can invalidate this bearish Divergence but not necessarily invalidate the bearish Divergence on the weekly time frame so we still have this one to pay attention to and if we're taking a look at this 12-hour Bitcoin chart right now in the imminent short term as of in this video the price of Bitcoin is already broken out above around 97 to 98,000 based on this area of resistance in the volume profile indicator but right now we're currently retesting that area to possibly flip previous resistance into new support but we're still waiting for confirmation when it comes to this retest right here because of course if we see candle closes back below around 97,000 give or take and especially back below around 965 th000 in that case that would mean a break back to the downside and obviously invalidate this breakout and in that situation if we saw candle closes on the 12-hour time frame back below around 965 th000 then in that case we could possibly come back down towards these lows right here sitting closer towards around 92 to 93,000 acting as major support and so these are the levels to watch out for here in the short term for the price of Bitcoin but of course if we can actually find support at around 97,000 give or take and actually Bounce from this area then in that case the next short-term resistance would be sitting closer towards around 100,000 and then above that I'll be watching closer towards around 10. 5k and of course if we could see a major breakout above a 100,000 that could possibly trigger a short squeeze which I talked more in detail about in my last video here on the channel so if you missed that video yesterday definitely check that video out if you want to know more about a possible short squeeze that could play out if we first see a breakout confirm above around 100,000 and if you want to actually take advantage of these opportunities in the price of Bitcoin to trade these moves no matter if they're bullish or bearish you can use long positions or short positions to make money in either scenario and personally in those situations I take a lot of Trades over on Bon so make sure to leave a link to bonex below this video in the description and in the pinned comment and if you use that link it'll take you to this page right here where you can claim an exclusive deposit bonus that's only available if you use that link below this video to make your bonex account so if you simply just click that link to make your account and then deposit $100 and start trading you get a $20 bonus or if you deposit 500 usdt and start trading you get a $100 bonus or if you deposit just 1,000 usdt and start trading you get a $200 bonus straight into your new account but that's only available if use the link below this video to make your bonex account and start trading on that account and also in case you're wondering biton X is a no kyc exchange which means you can access it from basically any country in the world without needing any kyc but of course as always check your local regulations when it comes to trading crypto in different markets but with that being said if you don't want bonex for whatever reason there is also buybit as another option out there another exchange I also trade on so I'll also make sure to leave a link to buybit down below this video in the description and in the pinned comment and with that being said if we're taking a look at ethereum on the weekly time frame right now ethereum is technically still in a larger multi-year bull market still forming higher lows and higher highs and trading well above this massive ascending line of support which is currently sitting at approximately 2. 6k so for now not much has changed here on this weekly ethereum chart and the same can be said about this weekly ethereum chart because right now we're still possibly forming a massive bullish pattern known as an inverse hand and shoulders pattern with a left shoulder ahead and right now possibly forming a right shoulder but I want to make it clear in case you're new to all of this this possible inverse Head Shoulders pattern is not confirmed right now it's not in play because in order to actually confirm this pattern and confirm the price target for this pattern we need to see a further recovery in the price of eth back towards around 4,000 and then ideally breaking out above 4.

1k with a weekly candle close above that level in order to actually confirm the inverse Head and Shoulders passive confirm the breakout and confirm the price target for this pattern which by the way would be sitting close to $7,000 per ethereum so obviously a major price Target to the upside but that only comes into play it only confirms if we first see that confirmed breakout above around 4,000 to 4. 1k with a weekly candle close and in the meantime looking at the daily time frame of course we still have this area of resistance to watch out for in between around 3. 9k to 4.

1k so like I just said 4. 1k is really the level to break out above in order to flip much more bullish again rather than just seeing this little short-term pumps here and there basically expecting the next major move in the bull market that could come after a breakout above 4. 1k but in the meantime we still have resistance right there and as for support we have this previous area of resistance which could right now become new support if we come in for a retest and that's sitting in between around 3430 to 3560 so if we see a little bit of a pullback here I would be expecting support around there but in the more bearish scenario here in the short term if we actually break below around 3430 of course in the immediate short term that would be a bit of a bearish signal to watch out for and in that case the next support to watch out for would be sitting at around 3.

3k and Below 3. 3k we have a lot of support down here in between 3,000 to 3. 1k but overall not a lot has changed over the last one day for ethereum so getting straight into to chain link on the weekly time frame and right now chain link is still bouncing from this golden pocket area of support still sitting close towards around $21 to $23 and as for resistance we still have significant resistance at close to $31 approximately and overall chain link can still remain within the larger bull market here despite seeing short-term pullbacks along the way especially if Bitcoin and ethereum remain within their larger bull markets respectively chain link and a lot of other major coins will also likely remain bullish in the larger time frames here if Bitcoin and ethereum remain bullish on the larger time frames so of course we're still forming higher lows and higher highs right now despite short-term pullbacks along the way and if we're zooming into the shorter term looking at the 8 hour time frame technically speaking we do right now have an active bullish Divergence for the price of chain link with confirmed lower lows in the price in the candle closes and higher lows already confirmed in the 8 Hour chain link RSI which essentially means we do to see a bit more of a bullish relief here in the short term so either a slight bullish relief like this or at the very least a bit of choppy sideways price action as the most likely outcomes here in the short term from a bullish Divergence and as for short-term resistance to watch out for we do have a small amount of resistance right here sitting at just underneath $24 so around $23.

80 to $23. 90 acting as resistance and then above $24 we have more resistance closer towards around $25. 50 here in the short term and if we're taking a look at the price of salana on the 8h hour time frame of course salana continued that bullish breakout over the last few days from this triangle pattern with that bullish price Target at close to $220 which I shared before we saw the breakout when the price was below 200 I said once we break out above around 197 and especially if we break out above 205 those are the signals to start confirming this $220 price Target and since we saw those breakouts right here that's pretty much EX exactly what played out as expected and so it's possible the price of salana could right now play out a bit of a sideways price range chopping around sideways in between this area of support and this area of resistance so if we see a bit more of a rejection from this resistance at close to 220 in that case I would expect a lot of support in this area based on previous resistance and also previous support once again acting as new support sitting in between around $200 to $25 with a significant level out of around 205 and then if the price of salana eventually confirms a breakout above around 220 to 223 then in that case the next resistance to watch out for is sitting at around $232 and then above that we have significant resistance at $246 and 260 but overall when it comes to the shortterm trend and momentum as I've already been saying over the last few days we've clearly reversed the price structure especially just over the last few days here once we broke out above around 197 and especially above 205 those were the signals that were reversing the price structure and reversing the trend because previously over the last few weeks over the last month or so we were clearly within a short-term bearish Trend here forming lower highs and lower lows and breaking below key levels of support and rejecting from key levels of resistance whereas right now we're pretty much doing the opposite we're forming higher lows and higher highs and breaking out above key levels of resistance which is bullish price structure this is clearly a change in in the trend and so that is the current situation for the price of salana right now and the important levels to watch out for and if we're taking a look at xrp on the 4-Hour time frame right now xrp is pretty much exactly as expected rejecting from this exact line of resistance right here at around $250 to the nearest cent we're pretty much exactly rejecting from this resistance which I've been warning about for days now on the channel and not only are we rejecting from major resistance we're also playing out a short-term bearish Divergence here on the 4-Hour time frame with lower highs already confirmed in the RSI and higher highs confirmed in the price in the candle closes which means we're losing bullish momentum and it's likely we're going to play out potentially a bit of a short-term pullback or at the very least some choppy sideways price action as the most common outcomes from a bearish Divergence and so as I've already been saying over the last few days since before this rejection right here I've been saying we have short-term risk I said I would not be opening any new long positions right here in fact I'd be looking to take profits from any long positions if you are long on the price of xrp due to the fact that we have short-term risk we're running into major resistance and playing out a bearish Divergence and obviously since I've been saying that over the last few days we're currently playing out a bit of a pullback a bit of a rejection exactly as expected but due to the fact that this bearish Divergence is on the 4-Hour time frame it's unlikely it'll play out over multiple days from now so potentially over the next 1 or 2 days or so this will likely continue to play out just in the immediate short term but perhaps in 3 or 4 days from now it will likely be over it's already played out in a few days from now once again and so potentially in a few days from now or in a week from now for example when this bearish Divergence is already over if we can eventually see a confirmed breakout above this line of resistance sitting at close to $22.