Yesterday Bitcoin broke down of the Rising wedge exactly like I've been Predicting and on today's video I will Be exactly discussing my price targets I Will discuss where I think Bitcoin is Going to be going towards and I will Talk about the most important charts the Most important patterns the most Important data and more important stuff So without any further Ado don't forget To slap up the like button on today's Update video because yesterday I turned Bearish on the exact top and everyone in The comment section said no Rover why Are you doing this but I will be clearly Explaining why I turned bearish Yesterday and my price targets of Today's video so don't forget to slap The like button on today's update video And let me jump straight away in towards The content first of all we can see that Bitcoin broke this massive overwat Loping support line and after we broke This level this dump straight away Started I mean one thing was very clear And that is that the Bitcoin ETF hype Was over we saw of course first of all The news that the bit when small ttf Volume was down 82% on yesterday and I've said this several times before I Don't expect all the big money is going To be flowing in towards the market in The first day no I expect that a big Money is going to be entering in the

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Bull market because you have to Understand now in the bull market we Have a financial tool that institutions Can use to fomo in towards Bitcoin so The Bitcoin spot ETF is something that Will take years or potentially even Decades to be building up here so so Looking at the iminent short term we saw That we were creating this Rising wedge Pattern and one thing was very annoying In my opinion and that was of course That Bitcoin had this unep liquidity Here in the Lower Side around that $40,000 us level and I've been looking At this level for quite a long time and Like you know if you've been following The channel for quite a while right now I have still buy orders set up around 39.7k for already quite a while here and You can clearly see they're still Standing there because I still want to Be longing Bitcoin if it comes down to 39.7 7K and I said this in yesterday's Video as well here I am not going to be Opening up necessarily short position But what I will be doing here is Forecasting the dump that we're going to Be getting right now and like I said Yesterday here what I will be doing here Is of course open up a small short Position on the breakdown but more Importantly if it comes down here Towards my liquidity level on the lower Side I'm going to be opening up massive

Long positions on bitcoin so that is What I will be currently doing currently We've seen that the rising wedge Breakdown has already happened the price Target of the rising wedge is 40.5k and Of course the first Target was 43.5k we Already broke below that level so the Next big support for Bitcoin is going to Be sitting around 40.5k where I think Bitcoin is also going to go towards so Due to the undp liquidity in Bitcoin I Still remain to be expecting that we are Going to be going down to 39.5 to 39.7k So that is my level where I want to be Ordering my positions and that is the Level where I am going to be going long On bitcoin of course make sure to do Your own research but this is just what I am currently doing so you can see also Literally on my support map that every Single level I pointed out right here Has been providing somewhat of support Or resistance what is of course actually Quite interesting and this green box Here on the lower side this is my Ultimate buy range I mean this this Green line right here is my first buy Zone but of course ultimately I want to Be getting in on my positions on 39.7k And usually what we tend to see here is That Bitcoin tends to grab all the Liquidity that is laying here on the Lower side so I do really think we're Going to be going down there looking

Real quickly at the liquidation heat map We can see that yesterday we had some Liquidity piling up here once again Around the $43,000 we squeezed it out But currently there's not a lot of Liquidity piling up above us or below us So what we really need to be doing here Is just give the market some more time To see where the liquidity is going to Be piling up and at that point then we Can see okay this is the direction where Bitcoin is going to go towards so the Bearish Divergence I discussed on Yesterday this video that seemingly no One really would have loved to hear Played out and guys you have to Understand I'm only here to tell you What I'm seeing so if I'm seeing Something good I will tell you there's Something good going on but if there's Something bad I will tell you there's Something bad going on so this is Exactly what I'm doing here on the Channel and if you like the honesty make Sure to subscribe to the channel right Now guys and honestly I've said this Already guys I am going to be opening up A massive trade here on the 39.7k level And if you want to be trading yourself As well you could currently do so on Buybit and if you're writing a sign up Account using that link below you could Get a deposit bonus worth $40,000 and Without this link it's only $400 so it's

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Necessarily going to go down to 31 or 36,000 us but it would actually be quite Healthy if we take out the liquidity in The market to 39.5 to 39.7k and then Move back toward towards the upside Again so that is what I am currently Going to be doing that is how I'm going To be trading Bitcoin I have been very Patient and a Trader should be patient a Trader should never rush in its Positions and that is exactly what I'm Doing and quickly giving an update on Ethereum because ethereum currently is Seeing a massive bounce against the Bitcoin pair and of course ethereum has Also seen a massive surge against the Dollar pair and you can clearly see that Ethereum is actually holding up quite Well here compared to bitcoin especially So ethereum right now on the weekly Perspective is even trying to be Breaking above that very important Lower Side of the range here sitting around 36 To 3700 us so ethereum is also Approaching very critical resistance but To be very honest that ethereum is Currently bouncing from of this very Important support level against Bitcoin As a good development but you have to Understand still that we need to be Breaking above this down sloping resist Line because as long as we're not doing So we are still trading in a downtrend So this is it for me in today's video

Thank you so much for watching once Again here so don't forget to subscribe To the channel share this video with Your friends if you want them to learn Anything about crypto so thanks so much For watching I'll see you guys on the Next one peace out goodbye

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