Bitcoin has finally broken out of the Symmetrical triangle we have been Discussing for days here and on today's Update video I will talk about the most Important charts the liquidation heat Map that is telling us something about The next move Bitcoin will be creating Some more important data and many more Charts I will be discussing to tell you Guys where I think Bitcoin is heading Towards next so without any further Ado Don't forget to slum that like button Back above 800 likes that will be Absolutely incredible and with that Being said Le me jumps straight away in Towards the content and once looking at Bitcoin here on that 1 hour time frame We clearly saw that we were creating That downward sling resist line that Upward sloping support line and yes I've Been discussing this pattern for Literally more than one and a half week And finally yesterday we started to see The breakout and Bitcoin started to be Moving towards the upside and just like We were expecting once we were also Confirming the break above that R box of Resistance most likely the continuation Towards the upside is going to be there And literally what happened on bitcoin Is indeed that continuation did cut Confirmed towards the upside so so Bitcoin right now broke above this very Important level of resistance and you

I show You how To Make Huge Profits In A Short Time With Cryptos! I show You how To Make Huge Profits In A Short Time With Cryptos! Welcome to the Future of Money

Could even extend this resistance box Here to the left side and see that this Is indeed a very important level of Resistance we just broke above off if we Were to be looking at the price target Of this symmetrical triangle we do can Clearly see that we currently see a Breakout Target around the $45,000 us on Bitcoin so indeed Bitcoin has seen a Very beautiful move towards the upside And actually right now we were just a Few dollars away from hitting our Target And potentially even with we could argue We have already hit our Target or we're Still going to be hitting it so Bitcoin Came very close towards our Target and That is of course a very good thing to See and what could be happening next for Bitcoin to create that next move here is Because right now we've seen Bitcoin had A significant drop towards the downside And like you know if you've been Following the channel I turned exactly Bullish on the top side and like you Know if you've been following the Channel I turned bearish here around $48,000 turned bullish on bitcoin on That exact bottom and opened up a long Position unfortunately closing it Potentially maybe a little bit too early Because it closed it over here and right Now I want to be saying what I think is Going to be happening next to bitcoin I Mean right now since we broke Above This

Level right here we're confirming the Breakout of the Bitcoin inverse hand and Shoulders pattern right if we were to be Seeing a retest of this very important Level of previous resistance that is Most likely right now G to be flipping Into support so if Bitcoin sees a move Towards the downside towards Approximately 43.4k I would definitely see it as an Opportunity to be opening up potentially New loan positions and yeah that would Also give you another opportunity to Potentially write this wave towards the Upside once again because clearly right Now after confirming this push towards The upside we have been clearly forming An higher high structure and this is Definitely a bullish buyas structure Bitcoin is currently trading in so that Is also important to see we also broke Up this very important level of Resistance right here that we basically Got rejected from loads of times in a Row here and if we were to be seeing a Retest of 43.3k that would also once Again mean a good opportunity to Actually look at long positions in bit Bitcoin since the trend is right now Overly bullish and yesterday as well I Talked about this in this video I I made Yesterday so in yesterday's video I Talked about it many times before that We were indeed creating a lot of

Liquidity on the top side and that most Likely Bitcoin was going to be grabbing This liquidity before doing a next move Or before making its next move here and That is exactly what happened once again Bitcoin grabbed all the liquidity out of The market and pushed further on towards The upside so I mean i' I've been saying This so many times before but the Liation heat map is such a good tool to Predict the next move here on bitcoin And basically every single time once Liquidity is getting build up on a Certain region we tend to be grabbing Out that liquidity so right now if I'm Looking at the monthly time frame there Is not a lot of liquidity being build up Above us honestly I am not saying that This is like a lot of liquidity that Currently is being built up here but Clearly there is some liquidity being Built up the lower side it's not a lot So I'm not necessarily saying we're Going to get attracted towards the Downside but I have been pointing out That the majority of the liquidity was Been building up on the top side so Usually where liquidity getting gets Built in the market is where Bitcoin is Moving towards and also yesterday we saw An80 million us outflow from the Grayscale Bitcoin sport ETF once again Outflows are becoming slower and slower And that is of course generally speaking

A very positive thing for the price Action of Bitcoin if we were to be Looking at the price target of The Head And Shoulders pattern on bitcoin I mean We're looking at some insane targets the Price target of this head and shoulders Pattern is literally sitting at the new Highs here so so honestly if we were to Be seeing a retest of this level right Here on the lower side I would Definitely take that opportunity with Both hands here and I mean you can Clearly see on every single pattern I Discussed in the last videos we were Consolidating and finally right now We're starting to see the breakout I Mean we were also discussing that of Course the volatility was becoming Extremely low here and right now once Again we broke outside of the pattern we Broke outside of the low volatility Zone And once again Bitcoin created a massive Move towards the upside so guys so far I've not opened up a new trade here but Like I said several times before for on The video I mean I was expecting it was Going to be going up here but I wasn't 100% convinced and if I am going to be Convinced about my next trade I will let You know here on the channel and I am Going to be opening up a new trade here On decoin where you could be following Me only if you R the sign up account Using that link below and in the

Meantime potentially you could be Following other Traders but one thing That decoin has and no other exchange Currently has is that you could get a $10,000 trading account for only Depositing $100 and this is insane this Is basic basically a trading Challenge And if you complete the challenge and You show them that you are a good Trader You will be able to get an account worth $10,000 potentially even more if you're A good Trader and 80% of the profits go To you and 20% of the profits go to Decoin so if you are a good Trader Yourself and you want to be trading with More money but you don't actually have The funds go to decoin right now here Sign up an account using the link below Because this is only available if you Right now sign up an account using that Link below you will be able able to Participate in a Genesis X Challenge and Potentially get that $10,000 account for Only getting $100 in collateral so this Is massive and this is right now only Available for people that sign up using The link below because this is something Revolutionary right now in the Cryptocurrency space and you could be Right now the first one to be using it So going further in towards this we can Currently see that here on the daily Time frame Bitcoin is indeed pushing Above 43.7k we're seeing the slight push

Towards the upside and I mean I talked About this chart many times before here On the channel but basically the moment Where I will become extremely bullish is Once Bitcoin breaks about 46.8k because Once we break about 46.8k that is going To be the point where basically I think The bull market is going to be starting Because then we broke above the most Important resistance and then basically Uh there's not a lot of resistance left And we're going to be going having an Absolutely takeoff towards the upside so That is my expectation but as long as We're trading below that we could see a Lot of rejection still for Bitcoin so Yeah Anything could happen at this this Point but we're only 67 days out before The Bitcoin Hing and usually if we're Looking at history like three four weeks Before the Hing we tend to see a big Pushup towards the upside right now it's Still 10 weeks out here so we have some More time here once again will history Once again repeat usually approximately 6 months after the H thing that is where Bitcoin sets the new UL high and I won't Be surprised if it's going to be not any Different this time around here so Personally I'm really looking forward Towards what is going to be happening With Bitcoin and I am all in on crypto And Bitcoin because I think it's going To be once again playing out so if

You're believing in the long term of Crypto make sure to have yourself a good Portfolio allocated because yeah you Need to prepare yourself accordingly Ethereum is currently once again Retesting that Asing triangle just like It was doing at that previous beginning Of the massive Bull Run so this is the Time to prepare yourself right now here I don't think that there is a big reason To be worrying right now here this is The time to be accumulating so this was It for me today's update video guys I Truly hope you did learn something from It if you did so don't forget to Subscribe to the channel and I see you Guys on the next one peace out goodbye

You May Also Like