…een concentrated around this exact level right here. And that is between 84.8K and approximately 83,800. So, I would be saying since I'm overly still, if I'm looking at the bigger perspective and the higher time frames, bullish on Bitcoin, I would definitely see this base level where the majority of the volume is traded as a great opportunity to potentially enter in somewhat of a Bitcoin long position. I shared this trading setup already yesterday in the Discord community. And if you want to be staying up to date on all the setups or things I'm seeing in the market in general, don't forget to straight away join the Discord community by p…
I would definitely see this base level where the majority of the volume is traded as a great opportunity to potentially enter in somewhat of a Bitcoin long position.
Contexto extraído por IA
Bitcoin is currently clearly reconsolidating in this bigger consolidation phase. And if I were to be looking at any opportunities whatsoever, I am looking at the fixed volume range profile. And clearly since Bitcoin is trading in this bigger range right now, I am seeing that the majority of the volume in this exact range has been concentrated around this exact level right here. And that is between 84.8K and approximately 83,800. So, I would be saying since I'm overly still, if I'm looking at the bigger perspective and the higher time frames, bullish on Bitcoin, I would definitely see this base level where the majority of the volume is traded as a great opportunity to potentially enter in somewhat of a Bitcoin long position. I shared this trading setup already yesterday in the Discord community.
Transcrição Completa
Bitcoin has now confirmed the breakout of this massive Wshaped pattern and now actually has seen a successful retest of the neckline. And on today's update video, I will be discussing my price targets of this exact pattern. I'm going to talk about my price targets for the Bitcoin upcoming bull run, about what we're seeing on the imminent short term and what potential trading setups I am currently looking at in this exact reaccumulation phase. So, a lot to discuss, including my massive $1.3 million Bitcoin trade. So, without any further ado, don't forget to once again slubble that like button back above 800 likes. That will be highly appreciated. And let me jump straight away in today's update video. So, Bitcoin is currently clearly reconsolidating in this bigger consolidation phase. And if I were to be looking at any opportunities whatsoever, I am looking at the fixed volume range profile. And clearly since Bitcoin is trading in this bigger range right now, I am seeing that the majority of the volume in this exact range has been concentrated around this exact level right here. And that is between 84.8K and approximately 83,800. So, I would be saying since I'm overly still, if I'm looking at the bigger perspective and the higher time frames, bullish on Bitcoin, I would definitely see this base level where the majority of the volume is traded as a great opportunity to potentially enter in somewhat of a Bitcoin long position. I shared this trading setup already yesterday in the Discord community. And if you want to be staying up to date on all the setups or things I'm seeing in the market in general, don't forget to straight away join the Discord community by pressing that second link in today's video description. But yeah, this is currently really the levels I am currently looking at. And if I'm looking at Bitcoin on a bigger perspective, you can clearly see that Bitcoin already has created this Wshaped pattern. Right? So first this level acted as support. Whenever we broke below it, we formed the bottom and actually after a brief period of time, Bitcoin came there again and created basically this Wshaped pattern. We saw another rejection from the neckline and after we broke the neckline, this officially flipped into support. And actually, if you're looking at such kind of a pattern, so a Wshaped pattern, the price target of such a breakout is right now, of course, measured from the exact low to high. And that price target is sitting around $14,000 for the breakout of this Wshaped pattern. I mean, that is obviously quite insane. And I'm going to be speaking about my price targets for this upcoming bull run in general, but in my opinion, it seems quite realistic. And for me, that is also one of the targets I would be aiming for. But for me, but really where I'm going to be taking profits on my massive swing trade on Bitcoin is only going to be around alltime highs since I do expect that is still most likely going to be happening next for Bitcoin. And if I'm looking at the funding rates right now here, actually on the 12-hour time frame, yesterday I discussed it on the daily time frame, but on the 12-hour time frame, the last time we saw such negative funding rates was exactly at the Bitcoin bare market low here. So we're seeing right now that Bitcoin is creating significant low funding rates while we're in a healthy uptrend. So that means that the majority of the traders are actually starting to flip bearish on Bitcoin and are trading short. So that is in my opinion something that is actually very bullish. And before I continue further in the video, I'm quickly going to discuss my sponsor of today's video which is Fortis XR. Fortis X is basically a platform where you can earn crypto with liquidity pools where you can basically stake your tokens. So if this sounds interesting for you, make sure to check it out in that second or third link below in today's video description. But some pools have an estimate API up to 18% which is obviously quite insane. Always make sure to do your own research, but they have a public US filing which is obviously quite insane. They've been around since 2018. Further on, I want to discuss some more things here. And that is that the US midterm elections are about to come up here. And I mean, if I'm looking back at the last three times this happened in 2014, moments after Bitcoin saw a major pump, then it did correct towards the downside. In 2018, Wall Trump was also in office when they lost basically the midterm elections. We saw Bitcoin take a very big dump towards the downside. And in 2022, the midterm elections exactly happened around the period Bitcoin also bottomed. And now in 2026, we're going to be having it in one month or so approximately. It is going to be extremely excited. I'm very interested what is going to be happening this time around, but historically, this has always been a very bearish event. And this is maybe also one of the reasons why we're also right now seeing this major amount of negative funding rates in the market. And you can see the market is overly bearish while Bitcoin has been in general been pushing towards the upside. And what is also very nice on this most recent push towards the upside for Bitcoin is that we did clear a lot of sell orders because Bitcoin pushed towards the upside. It uh basically filled out a lot of sell orders in the market. And that is great because the next time Bitcoin is going to be running towards the upside, we will be seeing significantly less resistance. And also, if I'm going to be looking at my trades I currently have open, I mean for Bitcoin. 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Also, if I'm going to be looking further at Bitcoin, I want to be looking at some of my price targets. And that is that at least in the last few cycles, Bitcoin actually every single time got rejected by this major upward stopping resistance, not on the logarithmic scale, but just on the regular Bitcoin chart. So, if I'm going to be looking at that, I mean, if Bitcoin is going to be running into this level, I would believe that this is for sure going to be providing a lot of resistance for Bitcoin. It is going to be also giving us some very great entries in the bull run to potentially short it. But currently, I'm expecting depending on when we're going to be reaching it. But that Bitcoin, its bull market targets, yeah, it could be around $170,000 all the way up to about $180,000 depending on the time frame. And maybe Bitcoin is going to be just breaking above this level. But for sure, I think those are levels to take some very good profits from. But whenever that's going to be happening, you of course know I will be discussing this exactly on this channel. So don't forget to subscribe to the channel if you want to be staying up to date on all these levels also in the bull run because I've been making videos in the bare market but it will also do that in the bull run. So for me there is no change whatsoever and for me also if I'm looking at Ethereum it is sitting in this major reaccumulation phase. It's sitting in this major actually pennant which we're creating with a slight little fake out the moment this is going to be breaking out. I think this is going to be one of the largest breakout trades we should be looking at. And for me as well, I've been already positioned very aggressively in ETH, but I do think it's going to be creating some very insane performance. Um, it is currently still sitting in this reaccumulation phase. I think still we have more potential to push towards the upside since Bitcoin is also breaking above the mid resistance. The only thing what is holding us back is maybe that midterm election, but as soon as we're going to be passing through November, yeah, in my opinion, there's going to be nothing really holding Bitcoin back here. So 2027, I'm super excited for that. It seems to be it's going to be a great year. But ultimately, we broke above the 4-hourly downtrend. I think we have still more steam towards the upside. We're breaking outside of this Wshaped pattern, and of course, the price targets are laying much, much higher. So, this is it for me on today's Sunday update video. If you did enjoy it, don't forget to subscribe to the channel, slap that like button, and I see you guys on the next one. Peace out. Goodbye.
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