okay so this is bad news for Bitcoin and altcoins um let's start with Bitcoin and and then we can talk about the altcoins that are getting completely destroyed right now so first of all Bitcoin has been forming this uh this uh pattern for quite some time and right now Bitcoin is breaking below this support that we've been holding for quite some time and what does it mean to break key support like this well obviously many people will now fear that we're going to go much much lower here maybe even as low as closing the Gap
at 78,000 and I'm going to talk to you about what I think is going to happen so let's start with the fact that yes we are breaking support here if the the line is to be put like this this is a very valid uh way to put the line uh it should be said however that you could also potentially uh have the line like this because you're still basically connecting all of these lows you can see here these lows this low this Weck and these two lows and this one as well um now if we
break this line as well then it is basically over then for sure we're going to go much much lower right now um I'm basically waiting to see here if Bitcoin can hold Above This support or not because if we can hold above then we could actually hopefully then see a nice bounce in the next few days uh and then if we can confirm like a double bottom here or something it would be a fantastic place to put in a long position in that case now if we lose the support and go lower then obviously we
would have to entertain a short position which we can do over on coin flare or weeks or or any of these exchanges that we have links down below if you go below this video you will find my link to buybit coin flare weeks all of these four exchanges are my favorite exchanges uh weeks is with full no kyc so you can trade from anywhere in the world coin flare is my favorite exchange bybit is the highest liquid Exchange in crypto right now so should we be worried here well um we do have that big bearish
Divergence that we've been looking at so let me pull out the um RSI here real quick and show you the um RSI because we need to pay attention to bearish divergences uh especially on the daily and weekly time frame so let me go out here on the daily and then you can clearly see this bearish Divergence right there so we have higher highs and lower highs in the RSI meaning that price now is likely to go sideways or down and not Palm straight up to the Moon unfortunately that's what it means or we see a
a big shake out and then we go straight up after that like this that's also very possible I've seen that before in a crypto bull market bearish Divergence shake out you liquidate some long positions and then you go up again that's basically the whales you know like the big big big institutions they they like to uh to manipulate the price and that's basically what they do people get stopped out and then they they go higher personally I closed my ethereum position uh and a couple of other positions because um of this current dip uh dip
and then I will re-enter if we can see a uh a steady bounce off of this support here which would be beautiful it would be like literally a perfect bounce um but it's too early to tell as of now speaking of ethereum let me bring out ethereum right now so here you can see ethereum and if you watched my video earlier today I talked about this double top right here where we have um a neckline right there and basically right now we're breaking that double top which is a bad sign and what I said earlier
today is that the target will in that case be um $3,000 per ethereum so let's see if that plays out um and uh by the way maybe you didn't watch my video from earlier today but actually I made a video with 36,000 views earlier today where I talked about a big disaster scenario for Bitcoin and B basically in that video I'm talking about this literal scenario which is playing out right now um so it is happening unfortunately um as as that scenario has been predicting and unfortunately that means we're going lower at this moment but
yeah we have that double top that's the target for ethereum uh I want to show you this uh no let's see this chart this is ethereum against Bitcoin and you can see that ethereum is still uh below below this resistance here uh so this is ethereum against Bitcoin meaning that ethereum is losing more momentum against Bitcoin when ethereum breaks this line here that's when we want to go massive massive against uh Bitcoin with ethereum so basically we can switch from Bitcoin into ethereum that would be a great uh strategy at that point um I also
want to show you the Bitcoin dominance which is now going of course up which makes sense that's what happens when Bitcoin gets such a collapse of course also taking the all coins down which is not so good for our altcoin positions I have a few positions that I stopped out right now but the vast majority of my positions are still open if you go over to coin flare you can see here uh most of my positions are open I still have my B&B position open um which is now in the loss uh but most of
them are still massively profitable because of course um if you are a subscriber of my channel then we've been opening up these positions uh very very low right we're we are early on the market so we we know what to do that's basically what's very important you need to be um early and you don't want to end up buying the top so we have been very early on the altcoins that's why our altcoins even in this dip are up 500% 400% 400% 1,000% 500% you know like 2. 6,00% like the amount of money we've been
making here is great that's why you need to subscribe right now so you you don't miss out on my videos and I give you the Early Trades you don't want to end up too late right but yeah so long story short here I think Bitcoin right now needs to hold this support that we are right now um maybe breaking that's the thing like as I am recording this I don't have a proof yet whether we are breaking it or not but at the time of you watching this video If Bitcoin is back above let's say
99.6 that means we probably have confirmed a bounce and then you can go in with a big long position on bitcoin and with ethereum if we didn't see that and we're going down that means we have to entertain a short position but as of now honestly I think we might be seeing a bounce and one thing I want to show you on ethereum as well is that ethereum actually has been bouncing off of this level right there which is a beautiful level um and hopefully we can hold this because if we break lower here then
ethereum would reach that Target that I talked about $3,000 am I shorting right now no I am not going to short because I H think all of these flash crashes are just um you know any of these flash crashes one of them are going to be the last one and then you're going to see a massive pump on ethereum bitcoin and everything so basically the big institutions they're going to go in and stop everyone out and then they're going to drive the market up you don't want to be left out so personally um I am
not going to short right now because I think there's a big risk or chance let's say that we see a big pump any minute now um because you know sure we're seeing a dip but dips are made to be bought uh we we're shaking out the weak hands and um look if you can't handle the dips then you don't deserve the pumps so we have to survive the dip buy the dip accumulate the dip and then when we see that beautiful glorious altcoin season and Bitcoin goes to 200k then we deserve the gains we will
make but everyone that gets shaken out right now unfortunately you don't deserve those kind of gains I have had many people asking also in the comments where to trade if you are not able to access buy bit and coin flare cuz you live in the land of the not so free or another country where you are not allowed to trade well go to weeks link down below if you use my link to weeks you get actually $220,000 Plus $68,000 in deposit bonus if you make a first big deposit into your account but yeah use my
link down below if you want to check it out and other than that guys right now just um stay strong and buy the dip cuz honestly I am very convinced this is just a quick ShakeOut before we go higher that is usually the case with Bitcoin um in a bull market we see these shakeouts and um and then we go straight back up to the moon so but sure let's take a look also at the uh the Bitcoin um uh C chart where we can see the CME um uh gaps and first of all we
can talk about my call earlier today I did actually show you that we have this inverse Head and Shoulders sorry head and shoulders and as of right now we actually perfectly met that Target so that happened exactly as predicted uh unfortunately let's say but that was my prediction from earlier today I hope you watched that video when I talked about the bearish scenario um and yeah the very very bearish scenario is Bitcoin going back down to this gap down at 78k but let me tell you right now here officially to everyone I do not think
that's going to happen I do not believe we're going down that far I think we might hopefully um get supported here uh but even if we go down lower here I still think we see just a flash crash and then I think we go straight back up again I think we go down to like maybe 91k maximum that's the lowest I think we can see and then I think we go higher cuz if we go all the way down here it wouldn't really make sense with the Hing cycle that's that's just a fact it would
it wouldn't really make sense from a haling cycle point of view but anyways guys if you haven't seen my buit tutorial go check it out right here it's an amazing tutorial if you want to learn how to trade and I'll see you guys over there bye-bye
