BITCOIN: THIS IS SCARY! [CRASH IS COMING]

The situation is getting more concerning for Bitcoin and cryptocurrencies as we head to our first bearish target from our prior videos, the double tops neckline at $82,300. If you've been a viewer of our live streams and videos, then you know that myself and Carl talked about how we grabbed liquidity above $87,000 with this dangerous looking wick. Secondly, there was a 15minute double top. I don't know if you can see it there. It was on Friday's shows last week and we said the trade to be taking if you're looking to do a scalp position in our eyes was a short with a takeprofit at the 75k area. Myself personally I'm looking to buy every single dip. I want to be longing for the long term and actually just on this candle I longed Bitcoin. I'll explain this thesis and why I'm doing that. Things don't look too great. I'll cover my analysis for BTC. Altcoins like Salana, which we've said would likely get $23 than $96. Ethereum looked even worse. You know, that Bart Simpson pattern target is still 2.3K. We're almost there. We're super super close. Ethereum is doing worse than Bitcoin. So, make sure to stay tuned until the end of this video if you want all of those updates. I met some pretty pretty interesting people today at token 2049. Um, not to mention Zcash as well. had a huge triple divergence. I got a lot of hate for saying this at $1,400 that I would not be going near Zcash at all and now it's down from 1.4 to 1.1K. That triple bearish divergence is playing out and I do see that we can get a little bit lower. We'll conduct some macro analysis. BTC at a very nice area for a long term, which is why I'm doing that buy. Again, everything will be covered throughout A to Zed. I just have one one request. If you can destroy the like button for me to reach a thousand likes, that would be sensational. And maybe I can have Carl and Chris back on the channel. Um, as well to well interview that I would be conducting on Carl and Chris with Chris. It is Carl's channel, but I think you got what I what I mean. Thank you for all the support on yesterday's content. Destroy the like button. If we can get a thousand likes, then I'm sure I can try and convince the both to come back on as guests on the daily crypto live. Subscribe, turn on the notification bell, and let's start off with BTC. So, it's obvious that we had a bearish divergence. I mean, it's something that we've talked about for weeks and weeks and weeks now. It feels like weeks and weeks and weeks. Then, additionally, uh we've been grabbing that liquidity at 87K with a wick. Not nice at all. Creating a 15minute double top there. completing a larger double top. And if we confirm, in my view, one daily candle beneath the 82.8, the alarm bells will go off even even with higher percentage probability. That's on my books. We've got 8 hours and 46 minutes to close this daily candle. The bearish divergence on the 4hourly may seem exhausted and that's why we could get a little bit of a short-term bounce, but on the daily you can still see that divergence is nowhere near the oversold territory. Neither is that the case on the weekly too. Weekly has a bearish divergence too. So if we fall beneath 82.4 four with the daily confirmation. I think um our stops will be looking like 80K and then $78,000 which is the weekly 50 moving average and then the 7475K territory. If you had entered that short setup, then you know I would check back on Friday's stream perhaps. I would be personally keen. I I didn't get into that trade. I'm doing a different setup. That was the setup that Carl shared. I'm just personally trying to accumulate every single dumpage that we experience, whatever it is. I have like $100,000 worth of long limit orders on buy good to go. Um, all the way into maybe like 60s. I don't think we're going to see 60s, but just in the case that we do, I want to have limit buys there. And I and when I notice a pivot, I'm going to cancel the limit orders below the current price and then just add them into a long-term huddle. I want to be a big bull for 27, 28, and 29. And that comes with positioning ourselves properly with derivatives and accumulating on spot. So, I'm just buying. That's my personal strategy. Uh Carl shared that short-term setup for a short position. If you took it, then congratulations because you're doing quite well. If you would like to also deploy a long-term buying strategy with uh let's say an array of limit orders between a particular price range, then you can do so super easily on buy bits. You just go to trades, futures, bitcoin, then click the third option, which is a drop-own menu. You go scaled order and put in your price range. Um, I think now is an adequate time. So, $82,100, let's say, could be a cool DCA entry point, but that's a decision you obviously need to come to on your own. It makes sense for me and that's why I'm buying. And then the max price, sorry, the minimum price for me it's $60,800. And then the max price would be $82,100. I did a $100,000 worth of position with 3x leverage. And boom, it's going to give you your upper, your lower band, and do a very cool DCA. You can do even a hundred limit orders if you wish to try and take advantage of all of the dump. But I went with 50. You can do less, you can do more. And that's available on buy but I've not seen any other platform do that. If you'd like to sign up to trades then link is in the description to buy it. Second link if you can set limit orders manually on weeks too. That's what the first thing in the description down below. And Kelshi is for people in the US who cannot access by bit or weeks and you can get a cool bonus with our Kelshi link as well. So short-term not looking good. If we fail below 82.4 on the daily then I think 80 then 78 then 75 are the targets. Um, for altcoins, yeah, like Ethereum, I'm pretty locked in on to 2.35. I'm not going to buy more until then. We're grabbing the downside liquidity. Topside liquidity is building. Keep that in mind. Another alcoin I want to share is Zcash. We highlighted the triple bearish divergence. That's playing out perfectly. Where do I see that triple bearish divergence taking us into? Well, also note that this has turned into a head and shoulders pattern. We're at this neckline uh of the head and shoulders. So falling beneath that neckline which we're doing so now can take us easily back into even the $700 range. That's the worst case target. Um better case target would be the 880 bucks. But really if I see Zcash retest the prior resistance of this bullish penance that's going to be a fantastic longing opportunity. Uh but I want to see let's see if it happens or not. Um, a bigger bearish divergence is benevolent on Zcash. So maybe we do dump into $700 and I'm going to be a huge buyer there. And once I do it, I promise you I will update you here on the Moonshare and CryptoKit channel. So subscribe, destroy the like button, and check out the exchanges in the description if you want to prepare for that position. To end off, Bitcoin has a macro W. I am additionally buying on buy bit cuz this is like a retest to a huge W formation that's occurred on a weekly macro time frame. So buying that retest in my experience has always been a great idea. It doesn't mean the dump is over. I'm just buying the retest and getting the exposure in the event we decide to reverse from here because we could. But if we don't then I'll buy in lower and then and then see what happens. Right? But the ultimate goal is a bullish 27, bullish 28, and a bullish 29. With that, that's a wrap on today's video. I had the chance to meet the delusionally genius Tom Lee today. Super cool guy. I think eventually he's going to become a trillionaire. I do believe in that because I think Ethereum can reach $15,000, which is not enough to make him a trillionaire, but I think uh he will do cool things. He's going to stop buying Ethereum once they reach 5% ownership. That was breaking news from Tom Lee and the most humble billionaire in the world, Charles Hoskinson, the founder of Cardano. I couldn't be more bullish on my long-term Cardano holdings. I'm quite excited for those setups and to see how they perform in the long term. Thank you for watching. Take care and as always, guys, see you very soon. Bye-bye.