BITCOIN & CRYPTO: NEW TRADING SIGNAL CONFIRMED (Urgent)!!! - Bitcoin News Today, Ethereum & Altcoins

Welcome back to the good channel everyone. My name is Josh and right now I have just opened my next crypto trade which I'll talk about in just a moment despite the fact that Bitcoin is still struggling at this exact resistance on this price chart and still playing out this exact bearish divergence on this price chart. And also we are still potentially moving closer towards key liquidity just below the price of Bitcoin. But we also now have new liquidity continuing to pile up above the price, which I'll talk about in just a moment, alongside Ethereum still struggling at this exact level of resistance here on the price chart, while the price of XRP is now starting to further play out this bearish divergence, this warning signal. So yes, I am taking this opportunity to currently open a new XRP short position, which I'll talk about in just a moment. my exact trading strategy, sharing that in this video, how I'm planning to make easy profits right now in the market with this next move coming very soon. So, I'll be talking about all of that and more late in the video. So, definitely watch to the end. First of all, starting off on the weekly Bitcoin price chart and the Super Tune indicator ever since just a few weeks ago is still sitting in the green indicating a larger bullish market or a larger bullish trend. And if we're taking a look at this weekly Bitcoin price chart, we still have the massive bullish divergence which has been confirmed and playing out on the weekly Bitcoin price chart since months ago. Basically almost end of June, early July around there. So in the low 60k area ever since then, as I've been saying here on the channel every day since back down there, we have a larger bullish divergence. The last time we saw something like this on the weekly Bitcoin price chart was the end of the 2022 bare market before obviously a massive bullish trend coming next over the coming months and years for the price of Bitcoin as a longerterm signal, not a short-term signal. And so all of that is still playing out here on the weekly time frame. Not much changed on this time frame over the last one day. And if we're taking a look at the 3-day Bitcoin price chart, we also have a similar situation here. Not much changed over the last one day. We're still struggling at this key resistance here, which was to be expected in between 86,000 to 88,000, but we're also still holding above this previous area of resistance, which will likely act as strong support. Now, sitting in between $80,000 to $82,000. And so, obviously, this entire time, my exact prediction was basically a cool off lasting 1 to two weeks of either slight pullback or some choppy sideways price action within a bit of a range lasting once again 1 to two weeks from that area of resistance onwards. So from around 86K to 88K basically once we start the cool off likely lasting for 1 to two weeks and then potentially getting back on track with a continuation of the large bullish trend seeing another test of this resistance potentially in the coming one or two weeks. And so considering we have not invalidated that prediction, it's still perfectly playing out. I continue to expect that to keep playing out in the coming days and weeks. Once again, a little more weakness in the shorter term. Not a huge crash, but kind of just cooling off from the previous bullish move. Potentially once again over the coming days, possibly another one to maybe two weeks and then coming back up and potentially seeing a breakout later on at some stage. Very likely during October, we could potentially see that next breakout towards the upside. And in case you're wondering, the next significant price target towards the upside or area of resistance to watch out for once we actually confirm a breakout above this resistance at especially around 88,000 on the top side of this area of resistance and actually holding above that area in that situation, the next significant target or area of resistance above the price from above 88,000 will be sitting in between 96,000 to 98,000. But once again, we also have a potential bearish divergence already starting to confirm here on the 3-day time frame with clear higher highs in the price and very slight lower highs technically already starting to confirm here in the 3-day Bitcoin RSI, which by the way, I've been talking about that potentially being the situation for weeks now. But more obvious than this slight bearish divergence on the 3-day time frame is, of course, the bearish divergence that's clearly visible on the daily time frame. Once again, clear higher highs in the price and very clear lower highs confirmed at this stage in the daily Bitcoin RSI. And so once again, this means we're likely going to see a bit of weakness, lacking bullish momentum, maybe a slight pullback or just some choppy sideways price action. But overall, I don't expect a huge crash like this potentially just price action kind of like this. It's been my exact prediction now since basically this started to confirm a few days ago, over half a week ago now. And obviously since I made that prediction just over half a week ago, so far that's exactly what spread out as expected and that's what I continue to expect to keep playing out at least in the coming days potentially moving into next week as well. And of course that is in line with the expectation I've been talking about on a 3-day time frame. A bit of a cool off lasting for perhaps a couple of weeks give or take and then getting back on track with potentially that larger bullish trend later on. Kind of like what we saw just here for example. A bit of a slowdown. also just here a bit of a slowdown but ultimately getting back on track with the larger bullish trend after we completed just a shorterterm cooloff and there's still some people in the comments telling me that the price is definitely going to go all the way back down here at the lows and of course there's nothing that's impossible for the price of Bitcoin but keep in mind in that situation you're really fighting the larger trend that we are already in if we're looking at the larger price structure the longerterm trend currently it is simply bullish that is simply the fact we forming higher lows, higher highs. We've broken out above previous significant range highs, flipping that into support. All of this, by definition, is bullish price structure on the larger time frames. Once again, we're playing out a weekly bullish divergence for really the first time since the end of the 2022 bare market. And so, once again, it's not impossible we could come back down towards the lows. As always, no such thing as a guarantee, but that's extremely unlikely. If you're expecting that to be the case, it's almost like if we're halfway through the bare market back here, for example, after we have a clear bearish divergence on the weekly time frame, we've already seen a major breakdown in the price structure. It'd be kind of like at this point expecting the price to shoot back up to all-time highs, even though we're in a clear larger bearish trend already by that point. But once again, right now, it's the exact opposite. We are currently in a clear larger bullish trend. So, if you're expecting the price to come all the way back down into the 50k range, you are very much fighting the trend that we are clearly in. And if we're taking a look at the 4hour Bitcoin price chart once again, just in the shorter term for the last few days or so now, we've just been bouncing around very much sideways after the initial pullback, the initial rejection from this exact resistance here, especially around 87K to 88,000. Once again, we have a lot of resistance around there. So, all of this honestly is playing out exactly as I've been talking about for at least a week now. Really check any one of my videos in case you're new to the channel. Check any one of my videos over the last one week. And you can basically see me talking about all of this price action that's been playing out recently. And basically my expectation is for this to continue a little longer, at least over the next couple of days or so, but most likely for another week, give or take, remaining underneath this resistance, just struggling and cooling off a little bit, but still not necessarily seeing a huge crash all the way back down like that. And if we're taking a quick look at the Bitcoin liquidation heat map, of course, we still have some key levels of liquidity to watch out for in the shorter term. First of all, we have a major level just below the price of Bitcoin at around 82.7K to 82.8K. So right now, considering we're in a bit of a cool off phase in the very shorter term and considering that's relatively close to the current price of Bitcoin, it's very likely, once again, still no such thing as a guarantee, but very, very likely that the price of Bitcoin could soon hit that 82.7 to 82.8K level. And so, in other words, that's basically the next immediate target for the price of Bitcoin in the shorter term. potentially in the coming days, give or take, or maybe even in the coming hours, but very soon, we're likely going to hit that level right there. Once again, 82.8K, give or take. And below that liquidity, if we actually continue a little lower in that situation, we have a decent area of liquidity sitting in between roughly 80.7K to 81,000. And as for liquidity above the price, we have a very small amount starting to build at around 85.3 to 85.4K. And now actually a decent amount of liquidity building at roughly 87.4 to 87.5K. But once again, we can't just rely on this one chart by itself, we need to factor in the other factors that are playing out like the bearish divergence, the bit of a cool off resetting from overbought, playing out a slight rejection from resistance. So considering all of that right now in the shorter term, once again, it's much more likely we could hit some of these downside levels of liquidity soon, potentially in the coming days and then eventually come back up to hit the upside liquidity to potentially continue the larger bullish trend later on after first a little more of a cool off here. And so that is still my exact expectation and my exact price targets and key signals and levels to watch out for moving forward for the price of Bitcoin. And just before talking about my exact XRP trading strategy, of course, if you want to take any trades like this for yourself, personally, I'm taking this trade right here over on the Elbank crypto exchange. So, I'll make sure to leave a link to Elbank in the description and in the pins comment. In fact, the first link below this video will take you to this page right here over on the Elbank crypto exchange, which by the way is a no KYC exchange, which means you can access this platform from basically any country in the world without needing any KYC. And just by simply using that first link below the video to actually make your ElBank account, you can claim some major bonuses over here. Not just the standard UAD futures bonuses, but you can also get VIP discount on trading fees just by simply clicking one button here, registering for the event completely for free to do that and just by making your account using that first link below the video as you can see right here. By doing that, very easy to do. You can claim VIP one, so discount on trading fees in other words. And then once again, extra futures bonuses just by depositing, trading crypto, etc. And then on top of that, if you're trading more crypto over here, you can actually claim other bonuses, other rewards such as a brand new iPhone Duo, $5,000 shopping spree, Nintendo Switch, etc., etc. Basically, a bunch of free prizes, rewards just from doing your trading over here on Elbank. So, especially if you're going to be trading crypto anyway on some other exchange, you might as well be rewarded with these extra bonuses over here by doing trading using that first link below the video on ElBank. And once again, Elbank is also a no KYC exchange. But with that being said, taking a quick look at the Bitcoin dominance chart on the 3-day time frame. And right now, we are still seeing just a very slight little pullback in the short term in the Bitcoin dominance. But overall, if we're looking at the bigger picture, we're still just stuck in a massive sideways price range, which has been the case for almost exactly a year now since October last year onwards. Just been bouncing around between support and resistance, seeing only short-term bullish moves and short-term bearish moves. So, no real significant altcoin season or significant Bitcoin season, just a lot of correlation across the crypto market. And if we're taking a look at Ethereum on the 3-day time frame right now, the price of ETH is continuing the pretty much perfect rejection and struggle around this exact level of resistance here. Still sitting at around 2.8K. So once again, 2.8K still a key level of resistance to watch out for. It's somewhat equivalent to the area of resistance here on the 3-day Bitcoin price chart in between 86K to 88K. So at roughly 87K more specifically that resistance there for Bitcoin very similar or equivalent to the resistance at 2.8K for Ethereum. And so this means following my Bitcoin analysis it's quite likely Ethereum will also see a bit more of a cool off just a slight struggle in the short term but not necessarily a huge crash like this. Just cooling off a little bit in the shorter term. Maybe a slight pullback in the coming days. Potentially another one to possibly two weeks. that sort of time frame, especially in the coming week, we'll likely continue a bit more of a cool off here. Just struggling underneath this resistance. But overall, if we're looking at the larger price structure, the larger trend we are in, clearly we are already in a larger bullish trend for multiple months now. We've simply been trending to the upside and especially once we broke out above these previous significant highs. That was a very significant change in price structure, the largest change in price structure to the bullish direction on the 3-day time frame since the bare market really started all the way back here. But of course, on the daily Bitcoin price chart, on top of running into this resistance and struggling in the short term from that point there on the daily time frame, we have a clear bearish divergence already confirmed for roughly half a week now, give or take. So, as I've been saying every day for the last half a week since right around here, we're most likely going to see maybe a slight pullback, most likely a bit of choppy sideways price action. overall just lacking bullish momentum and showing some weakness cooling off but not seeing a huge crash like this. And obviously since I made that prediction right around here so far that's exactly what's played out as expected and that's what I continue to expect just basically this price action to continue a little longer at least in the coming days possibly another one to maybe 2 weeks and of course if we're looking at what we saw the last time we had a bit of a bearish divergence here on the daily Ethereum price chart it's also similar price action to what we saw last time. So mostly choppy sideways price action. A little bits of pullbacks here and there but not really a huge crash just cooling off showing some weakness lacking bullish momentum but still overall remaining within the larger bullish trend. It was just a shorterterm slowdown during the multimonth bullish trend. And so those are still my expectations for Ethereum. Not much changed here over the last 1 day. And if we're taking a look at XRP on the weekly time frame right now, XRP is still trading between support and resistance in a bit of a range at the moment. Of course, the key support to watch out for still sitting at roughly $130 and the key resistance at around $160 to $1.70. And if we're taking a look at the daily XRP price chart, we have a clear bearish divergence which actually got close to at least temporarily invalidating over the last 1 day with the latest daily candle close back here. But we did not actually confirm a new higher high in the price in the candle closes. We stayed slightly underneath the previous high right here. Meaning the bearish divergence at least for now on the daily XRP price chart is still currently active which means continue to expect a bit more of a cool off either a slight pullback maybe some choppy sideways price action but overall showing a bit of weakness lacking bullish momentum very likely in the coming days or possibly one or two weeks. And like I explained in my last video, even if we push a little higher in the shorter term, it's still very likely that the RSI would still be below this previous high that we saw back around 22nd, 23rd of August, which means would still potentially be forming a bearish divergence even if we push a little higher in the price in the shorter term and then perhaps confirm the bearish divergence later on. But for now, once again, this bearish divergence as it stands is still currently in play and active on the daily XRP price chart. And so considering the fact that we're really seeing a decent cool off at the moment in the shorter term for especially Bitcoin, Ethereum, some other larger altcoins out there cooling off in the shorter term, playing out a bearish divergence, struggling and seeing a slight rejection from key points of resistance in the case of Bitcoin here, in the case of Ethereum here, obviously doing the same. And of course, XRP usually follows somewhat similar price action to what Bitcoin, Ethereum are doing. And typically during the cooloff phases or the pullback phases or bearish phases in the market, even if it's a very short-term phase, typically during those time periods, XRP usually underperforms, does a little bit worse than what Bitcoin or Ethereum might be doing a lot of the time, not necessarily every time. And then typically, it's during the very bullish times in the market where we might have a bit of a short squeeze like this. It's during those times where XRP tends to shine. And so considering we're potentially in a bit of a cooloff phase already for Bitcoin, Ethereum, starting that cool off, but XRP obviously we saw a bit of a test of the highs, but technically still have an active bearish divergence here. Considering all of that situation right now, I am just in a smaller XRP short position. Basically looking to short just a small little pullback quite likely in the coming days, maybe over the coming week, that sort of time frame. It's not going to be a super long-term trade. Once again, I don't necessarily expect a huge crash like this or a massive new bearish trend or anything like that. Just a shorter term potential pullback of some sort is quite likely with this bearish divergence starting to play out. And so, as you can see right here, this is actually my account over on the Elbank crypto exchange. Once again, first link below the video to this exchange I'm trading on right now. Also, no KYC exchange, remember. And being fully transparent with you, I'm currently in an XRP short position. As you can see, 10x leverage short position with about 10k margin. So 10x leverage means about a $100,000 XRP shorts position. And it actually started out as already a slightly larger position, but just initially I took a very small amount of profits just to slightly derisk. As you can see, just being fully transparently here on the channel. So as you can see, roughly 400 USDT already in locked in profits and another 1.5,000 USDT in unrealized profits as of recording this video. And in case you missed my last two videos, obviously in my last two videos, two to three videos in fact, here on the channel over the last 2 to 3 days, I was already letting you know in advance before taking this opportunity here. I was letting you know, get ready very soon. I'll potentially be looking at opening some sort of XRP shorts position. I've already been saying that for the last 2 days now on the channel, letting you know ahead of time. And once again, this trade right here, I am planning to hold at least over the next couple of days or so. It's not going to be a 1h hour trade, but also not likely going to be a 1 month trade. So once again, most likely just for a few days, maybe a week depending on what we see in the coming days here. And then at key points of support, like especially around this area right here, I'd look to take just a small amount of profits, reducing the size of the trade at any key points of support along the way towards the downside in case we hit those levels and of course see a bounce from around those levels. So for example, a immediate level and immediate level to watch out for that I'll be watching out for is sitting at around $146 give or take. So slightly either side of that. So $145 to147 around there we could likely find support for the price of XRP. So that'll be a potential take profit for myself. As always, not financial advice, just letting you know what I'm planning on doing with my own money ahead of time before I'm making the moves myself. But as I usually do with these sort of trades, I don't necessarily open or close the entire trade in just one massive order. I usually like to sort of scale in and scale out of a trade, especially in some sort of short position like this as we run into points of support. Once again, I won't necessarily close the entire trade at any one level, just closing portions of the trade. So, let's just say if we're in a $100,000 trade, as I am right now, then in that situation, I might close, let's just say 20K. So 20% of the trade potentially around that key point of support here and then 80% of the trade still open in case we drop a little further and then another 20 30% I might close at the next point of support along the way towards the downside and then of course as the trade moves a little further into profits I'll slowly move a stop loss ideally further and further into profits as the trade moves further into profits. But once again that's just a shorterterm trade for the coming days as a very likely scenario here. As always, not financial advice, no guarantees, just being transparent, letting you know what I'm currently doing with my own money over on this exchange. Once again, first link below the video to this exchange I'm trading on right now if you want to claim extra bonuses. And then as a potential larger swing trade opportunity to have a larger maybe lowleverage swing trade that I'd look to hold over multiple weeks, if not multiple months, I would potentially be looking at that opportunity for the price of Bitcoin. But being a little bit patient at the moment, maybe waiting another week, give or take, at least waiting for another few days to continue a bit more of a cool off here in the shorter term to potentially give us a better opportunity to accumulate a larger swing trade long position. Once again, that entry opportunity could potentially come in, let's just say a week from now, give or take. And then once we start to potentially enter a swing trade long position, that sort of trade I'll be looking to hold over potentially weeks or months for the price of Bitcoin, trading the next leg up in the larger trend. Just letting you know well ahead of time what I'll potentially be looking at doing there. But once again, it's still too early to enter a long position right now for Bitcoin. I'll be waiting for a little more of a cool off still playing out here before potentially getting a better entry, let's just say in the coming week, give or take. But for now, I'm just in a small XRP shorts position. Just giving you a quick update on my exact trading strategy, showing you exactly how I'm planning to make quick and easy money in the market right now. Even if prices are dropping, still easily profiting in the market. And if we're taking a look at the price of Salana on the 3-day time frame, right now, Salana is still testing, but also still struggling in my exact area of resistance here that I've been targeting for many weeks now on the channel. Still sitting in between 119 to 124. So at give or take around 120 of course we have a lot of resistance around there so far that's perfectly where we are currently struggling at in the price of Salana at least in the shorter term but remember despite seeing short-term struggles here and there around points of resistance little cool offs and things like that on smaller time frames overall the larger or longer term trend is still clearly bullish. We have larger bullish price structure. So just understand the difference between the different time frames. Shorter term yes we're struggling at resistance. maybe see a bit of a cool off of some stage, but overall the longerterm situation still looking quite bullish, which by the way, I've been saying for months now on the channel since all the way back down here. You can even check my videos back there around even June, especially around July, talking about the larger bullish move to come over the coming months. And if we're taking a look at the daily Salana price chart, of course, we also have a bearish divergence here, which technically still needs to reconfirm because over the last day, give or take, we pushed a little higher in the price. We confirmed higher highs in the price in the candle closes, which means we just have to reconfirm this essentially extended bearish divergence with a new higher high in the price and of course still lower highs forming but not yet confirmed again in the daily Salana RSI. And so potentially if this starts to confirm again in the coming days, then once again that just could result in a shorterterm cool off. Not necessarily a huge crash, but either a slight pullback, maybe some choppy sideways price action, just cooling off a little bit after that previous bullish move before potentially getting back on track with a larger bullish trend later on after some sort of cool off in the meantime. But once again, we've not yet confirmed that new bearish divergence. We still need to wait for confirmation here to actually confirm the lower high properly in place this time around in the daily Salana RSI. But either way, even if we push just a little higher in the shorter term, it's extremely likely the RSI would still be sitting in lower highs compared to this previous high that we saw back around 24th 26th of August, give or take. From that high, obviously, we're still likely going to remain in lower highs in the RSI, even if we push a decent bit higher, which means either way, we'll still likely at some stage confirm a bearish divergence here. It's just a question of when in my opinion. And so not a lot changed over the last 1 day here for the price of Salana. And if we're taking a quick look at the price of Chain Link here on the 3-day time frame, we're still perfectly testing this exact area here. Also an area I've been talking about for weeks now on the channel sitting in between 1410 to $1430. And so far that is exactly where we are finding resistance at least in the shorter term. We are struggling a little bit around that area just above that $14 level. But if eventually we can see a confirmed breakout with candle closes and actually holding above that level in that situation, the next significant target to the upside or area of resistance to watch out for to the upside is sitting at roughly around $1680. But just in the very short term, of course, if the price still struggles a little bit here, but especially if Bitcoin and other major altcoins continue a bit more of a cool off in the shorter term, it's quite likely that can also influence chain link with just a shorterterm cool off. So just be aware it's not going to be a straight line towards the upside in the larger bullish trend. Even though yes, the larger trend is still clearly bullish right now, we can see little cool offs and things like that, especially at points of resistance. That's very normal to see in the shorter term from time to time. And once again, if you want to trade any of these moves in the price of any crypto, as I'm currently doing right now, to easily profit in the market, even during the cool off, make sure to check out that first link below the video in the description and in the pins comment to the ElBank crypto exchange. Also, a no KYC exchange where you can claim extra bonuses and rewards using that link. And if you want to actually know how you can take these sort of trades for yourself so that you can profit no matter what direction the price goes to profit at all times in the market, then make sure to watch this video popping up right on your screen because this video right here shows you how you can easily profit from bullish price action using long positions, from bearish price action using short positions, and from choppy sideways price action using grid trading strategies. All in that video right there. So definitely check it out. But anyway, that is everything that I have to say for today. I really hope you enjoyed and I'll see you all in the next