Bitcoin Shattered Key Support.... (MAJOR Investment Buy Signal Incoming!)

Bitcoin just took a major correction this morning and in today's video I'm going to share with you exactly why that's taking place and I'm going to share with you a major investment opportunity that may be showing up very soon on Bitcoin. So without much further ado, let's go ahead and dive right on into it. If you enjoy today's video and you want to see some of our trading, make sure to sign up for the Discord server. More on that later. Bitcoin has gone through a very sizable correction down here on the minute chart and it has fallen below some very important key levels of support and resistance. The first thing I want to show you is the structural support here that was established on May the 6th. As you guys will remember, we've talked extensively about how the Bitcoin bare market followed a perfect Elliot impulse wave structure just like this. And the top of this four-wave sits at exactly $82,833, which we can see right here on the high. That H button, that H right there represents the high of this candle. And it says that the high of the May the 6th rally was 82833. So if we just draw a line there, you can see that Bitcoin has now violated that line. Although it was being used as support over the last several weeks, Bitcoin has also violated now the level of resistance that was set here on September the 3rd that had the ability to act as support. What this means is that Bitcoin has now confirmed a major structural downtrend on its chart. Does this mean that the Bitcoin bull market is over? No, it doesn't. We've actually been telling you ever since the day that we said that the Bitcoin bull market is confirmed that there is a very high likelihood of a sustained large possibly more than a $10,000 drop to take place on Bitcoin at some point over the next preceding weeks following the confirmation of the bull market. Just because Bitcoin is going through a downtrend right now does not mean the bull market is over. We've explained on our channel multiple times how Bitcoin could drop as low as $67,000 and still not go back into a bare market because so much bullishness has taken place. We now firmly believe that Bitcoin is in a strong bull market. But what this does mean is that Bitcoin is likely entering into what is known as the Bwave. During the bull market, Bitcoin went through a 1 2 3 4 5 wave and now what we're likely seeing is the ABC. This is our trading strategy that we run down on the minute to the five minute time frame and it's actually showing up out here from our like outer space view looking at the entire bare market. The entire bare market went through a perfect textbook 1 2 3 4 5 pattern. I am convinced I will use this bare market in our educational material for the next decade to teach the 35A trading system out on an investment time scale. And I have a feeling that the next few weeks are going to play out the exact same trading system that we would see normally taking place on the shorter term time frames. And what we see with this system is that oftentimes Bitcoin or whatever market we're looking at is going to drop back down to one of three critical levels. Either one, it's going to drop back down to the 382 level, which currently corresponds to $75,000. It might drop back down to the 0.5 and it could also drop back down to the 0 615. Depending on which one of these levels the market drops to and reverses off of shows us whether or not Bitcoin is extremely bullish, just bullish, or not that bullish, we also theoretically could bounce here at the $80,000 mark at the 236, which is essentially where Bitcoin is trading at at the time of recording this video at 81K. So whichever one of these levels Bitcoin chooses to bounce off of, because remember, we are very confident that Bitcoin is in a bull market. Whichever one of these levels Bitcoin chooses to bounce off of is going to tell us a great deal about how strong the bull market is. The higher Bitcoin bounces, the stronger the C-wave is likely going to be and the more rapid the return to $100,000 will probably be. However, if we drop back down to the 382, this would still be a very bullish setup for the long-term time frames, but it also means it will take slightly longer to get back to $100,000 and beyond simply because we have more room to run because the drop was deeper. What I want you to understand though is that Bitcoin could drop all the way back down to 618 and this would still be a strong bull market structure forming. It is very standard for markets to drop back down to the 618. What I often like to show people is just go on your chart and just draw an uptrend for me for a second. You've seen them all over news and and on our channel and everything. Just draw what you define to be an uptrend. What you're going to notice is if you pull a Fibonacci off of what you draw, the bottom probably comes back down to 618. It's like magic. Literally, what you have in your mind as an uptrend is basically going to render a 618 Fibonacci back test on this counter movement against the primary trend. That's the way that that's happens basically every single time. And it's what happens during bull markets out here in the real world as well. If you look at, for example, this rally right here and pull a Fibonacci, guess where Bitcoin bounced off of the 618 at $75,000. And if you'll remember to early of 2025, we actually predicted that Bitcoin's bottom of this correction would be $75,000 because it was the local high here. And there was a confluence between that local high and the 618 Fibonacci. And we said $75,000 is where we were likely going to go. And then we took out a several hundred,000 trade on Bitcoin at $75,000 because of our analysis and rode it all the way up to the all-time high. So, this analysis works and I've used it before for trading and investment opportunities and it's exactly what I'm anticipating is going to happen here. Depending on how strong the correction is, Bitcoin will either bounce here, here, here, or here. But I need you to understand that Bitcoin can drop all the way back down to the 0 618 and be perfectly healthy. And what I also want you to understand is that the drop back down to the 618 really could genuinely happen because what we are not only seeing is that the 618 is at $69,000. That's not the only thing that we're seeing that that is the level, the 618. What we also notice is that that level perfectly corresponds to the 2021 all-time high on November the 10th. And I remember that day very well because November the 10th, 2021 was actually the day I met my wife. And it just so happened to be that level of that resistance at 69K. And that was an absolutely interesting level, $69,000 right here, right? Because it plays out into our current analysis. It actually sits right there on top of that 618. So there is major confluence of support at 69K. What we know, because I just showed it to you on this chart over here, is that Bitcoin can drop all the way back down to the 0 618 and then sustain a major uptrend. So $69,000 is the floor of our prediction of where Bitcoin is going to go. Now, at the same time, many times during the onset of a bull market, Bitcoin won't even drop back down to the 618. For example, on this correction that we saw during last um not last year, actually, this is in 2024, so two years ago. Wow, time flies. We saw that Bitcoin dropped originally back down in the first movement to the 236, but then it actually eventually dropped back down to the 382 four times and on a wick even dropped back down to the 0.5. And so what we see is that if Bitcoin is earlier on in a bull market, often times we won't have as deep of a correction because the exuberance is just so high. And we've seen that happen many other times during Bitcoin's history as well. So there is a real possibility that Bitcoin only drops back down to $75,000. But what I want you to understand is if we break 80, 75K is up next. So 75K breaks, 72K is up next. So 72K breaks, 69 is up next. And I'd be willing to bet that Bitcoin is not going to go below $69,000 because that's where we would start having to have the bull market invalidated to get movement taking place like that. And I don't think that's going to happen. I think if Bitcoin drops back down to $69,000, the traders and the investors are going to step in with an enormous amount of buying pressure. And that's where that long-term investment setup that I promised you at the beginning of the video comes in. If Bitcoin does drop back down to $70,000, just pause for a second, step outside of the analysis for a second, and think about how incredible of an entry that would be. $70,000, not just $70,000, but $70,000 with a bull market confirmation in the rear view mirror. I know we were at 70K just a few months ago, but $70,000 with a bull market confirmation as foundational evidence that this is a great place to be acquiring, that is a fantastic deal. And so I personally am thrilled if Bitcoin breaks through 80,000. I personally am thrilled if Bitcoin breaks down to 75K. Anything below $80,000 genuinely is probably never going to be seen again after this movement. Most likely if Bitcoin does go below $80,000, you're never going to see that happen ever again after we actually go back through the rally. There's a very high likelihood of that taking place. And so this is where long-term investment becomes extremely extremely attractive to me at these levels. So, am I concerned about a Bitcoin correction? Not in the slightest. Bitcoin can drop all the way down to $69,000, bounce off of an all-time high that held for three years. Talk about amazing, immaculate, perfect, incredible support, and from there go through a major bounce and continue on into a beautiful bull market. So, I'm looking forward to this as a buying opportunity. Our trading system that we typically run on the 1 to 5 minute chart also shows up and typically operates out here on the longer term time frames. So, I heavily encourage you to stay tuned, subscribe to the channel. so that you can see all of these different types of updates. Now, I also want to show you where you should be buying your Bitcoin. And the best place to do that is with iTrust Capital. If you've not already, come over here and check out their Q trading strategy. This is really cool. You can see some simulated returns here based on their new quantum strategy. This is an AI formulated algorithmic strategy that responds systematically as crypto markets changed. It's built into your account and you can put some of your capital in it capital over there so that these basically AI trading um algorithms can help to grow your account even faster. These have been very well back tested and uh they seem to be they seem to be very profitable. So definitely encourage you to check out iTrust Capital, sign up, get access to the Q AI formulated quantitative trading strategies, their quantum trading strategies and uh get investing today. You can find them with the link in the description box down below. I also heavily encourage you to continue the conversation with us about trading and investing in the Bitcoin and cryptocurrency space by joining our Discord. That link will be down below as well. If you enjoy today's video, make sure to hit that like button and subscribe to the channel. And before I go, I do just first want to thank each and every single last one of you for watching as always. And I will see you guys in the next video. Peace.