…his massive bullish divergence since the lows back in around early July at close to $60,000. Every day since then onwards, I've been talking about this massive bullish divergence. Talking about how typically based on what we saw last time, this is a great buying opportunity, a very rare buying opportunity back down here at 60k iss when I said that. As always, not financial advice, but just based on what we saw last time, this is usually going to result in a larger bullish relief as a very likely scenario in the coming months. Once again, no guarantees, not financial advice, but typic…
this is a great buying opportunity, a very rare buying opportunity back down here at 60k iss when I said that.
AI-extracted context
Every day since then onwards, I've been talking about this massive bullish divergence. Talking about how typically based on what we saw last time, this is a great buying opportunity, a very rare buying opportunity back down here at 60k iss when I said that. As always, not financial advice, but just based on what we saw last time, this is usually going to result in a larger bullish relief as a very likely scenario in the coming months.
Full Transcript
Welcome back to the good world channel everyone. My name is Josh and right now we have a new warning signal flashing in the short term for the price of Bitcoin which is this new level of liquidity currently just starting to build below the price of Bitcoin in the immediate short term which we need to pay attention to as potentially the next target coming very soon here. While the price of Ethereum is now starting to confirm a new warning signal here in the shorter term, while the price of Salana is continuing to weaken, at least for now in the shorter term. 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 currently, the Super Tren indicator is still sitting in the green ever since about one to almost two weeks ago. Now, obviously, this recently flipped back into the green, which is a longerterm bullish signal, technically speaking, not a short-term signal. But if we're taking a look at this weekly Bitcoin price chart, already for the last couple of months now, we've been playing out this massive bullish divergence since the lows back in around early July at close to $60,000. Every day since then onwards, I've been talking about this massive bullish divergence. Talking about how typically based on what we saw last time, this is a great buying opportunity, a very rare buying opportunity back down here at 60k iss when I said that. As always, not financial advice, but just based on what we saw last time, this is usually going to result in a larger bullish relief as a very likely scenario in the coming months. Once again, no guarantees, not financial advice, but typically this is a pretty good signal for the longerterm situation for the price of Bitcoin. Remember, also still not a short-term signal telling us what to expect today or tomorrow or anything like that. And so, as always, understand the difference between the shorter term and the longer term. This is still the situation on the larger time frames. And if we're taking a look at the 3-day Bitcoin price chart right now, we're still cooling off from this overbought signal. And of course, rejecting from this exact area of resistance here based on where we previously rejected from. It also previously bounced from all the way back here in 2025. But basically, this area is still sitting in between $80,000 to $82,000. So currently, that is still strong resistance for the price of Bitcoin, which means expect rejections or struggle around that area on the price chart. Now, as for supports, based on previous support and also previous resistance, we have this area likely acting as strong support in between 73,000 to 75,000. And if we're taking a look at the daily Bitcoin price chart, technically speaking, this bearish divergence is still currently active on the daily time frame. So, like I've been saying every day for the last 1 week since right around here, we're most likely going to see weakness, lacking bullish momentum in the shorter term, which means most likely a bit of a pullback, maybe some sideways price action, but overall once again showing some weakness, most likely a slight pullback is basically what I've been saying since right here. And that's exactly what we've seen as we can see since I made that prediction right here. That's exactly what is currently playing out. But as I've also been saying during this time period, even though yes, we're likely going to see a slight pullback, that does not necessarily mean a huge crash all the way back down here, for example, it does not necessarily mean that. But considering that this is technically still active on the daily time frame, it's very likely that this could continue a little longer, at least over the coming days, possibly even another week or so, continuing to show a weakness. either a slight pullback continuing or perhaps a bit of choppy sideways price action here and there, but overall not really seeing significant bullish momentum, at least not super soon here in the short term. And if we're zooming further into the shorter term, taking a look at the 4hour Bitcoin price chart, obviously over the last 1 week approximately, we've clearly seen a short-term pullback thanks to once again this bearish divergence and also thanks to this overbought signal playing out the 3-day RSI and of course the rejection from this exact resistance. We've had multiple factors basically working together pointing towards a bit of a cool off and a slight pullback in the shorter term for the last 1 to 2 weeks. But right now in the shorter term, we have a new catalyst that's just started to build over the last 1 day or so, which is new liquidity building below the price of Bitcoin. This time around, looking at the last 2 weeks worth of price action in the Bitcoin liquidation heat map. This time around, this massive new level of liquidity building just below the price is sitting at almost exactly $76,000 per Bitcoin. And so once again, what this typically means is that it's highly likely, as always, no guarantees, not financial advice, but very, very likely that soon, potentially in the coming hours or days, we could ultimately hit that level at around 76,000 just to wipe out that liquidity. Now, that does not necessarily mean a huge crash all the way back down like this, but at least a dip down towards around 76K could be very likely, which is right around this local low here. And then based on this low and also this previous low, we do have a bit of support at roughly around 76,000. So, it's entirely possible that we see a little dip down like this just to take out that liquidity at around 76K and then perhaps a slight little bounce as we still have some support at around 76K. And that could also open up the possibility of a bullish divergence forming on the 4hour time frame. Obviously, if we just create a slight lower low in the price in the candle closes. Meanwhile, if we maintain higher lows in the 4hour Bitcoin RSI, of course, that would be a bullish divergence, which could result in a little more of a bullish relief in the following days. After first, we potentially soon see a little liquidity grab with a slight pullback continuing very soon in the coming hours or in the next one or two days, very likely here. And so that is my exact prediction and exact price target in the very short term and then talking about potentially the following days after that. And then of course the mid to longer term, not much changed over the last 1 day. So those are my exact precise predictions and the exact times and price targets to watch out for for the price of Bitcoin. And if you want to trade any of these moves in the price of Bitcoin or any crypto, you need to be set up ready to go on a crypto exchange. And if you use the first link below the video in the description and in the pinned comment, 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 up to a 4,000 USDT bonus onto your account simply just by making an account using that link below the video. takes about 30 seconds to do that because you don't have to worry about KYC if you don't want to. And then once you make your account using the link below the video, you just simply have to make a deposit and hold that deposit for a few days on the exchange. And then once you do that, depending on the size of your deposit, you can once again claim up to a $4,000 deposit bonus onto your account from the exchange. And so, as always, not financial advice, but especially if you're going to be trading crypto anyway or preparing to take the next trading opportunity, you might as well get set up ready to go using that first link below the video to the LBank exchange here to claim and take advantage of these major trading bonuses over here. Once again, first link below the video. And remember, 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're starting to see a very slight little bounce in the very short term in the Bitcoin dominance. But overall for the last 1 to almost 2 weeks we have seen a decent rejection from close to this resistance here. And so for the last 1 to 2 weeks that has meant that major altcoins out there on average have at least held up a little bit better than what Bitcoin has been doing in the shorter term. Once again not every altcoin but a lot of the major altcoins on average. But right now with this slight little bounce potentially starting that could be basically the end of that slight outperformance in the altcoin market that's played out for the last 1 to two weeks. Because remember, overall, despite these short-term bullish moves and short-term bearish moves at the moment in the Bitcoin dominance, we're still basically in the same sideways price range that we've been in for almost a year. Since around October last year onwards, we've been just chopping around sideways between this support and this resistance. And so that basically means we have very short-term time periods, small periods of time where we have slight outperformance in Bitcoin relative to altcoins. than other short-term time periods where we have slight outperformance of the altcoins relative to Bitcoin. But overall, not really a huge Bitcoin season or a huge altcoin season really at all. For the last 1 year approximately, we've been highly correlated across the market in the crypto market. And if we're taking a look at Ethereum on the 3-day time frame, of course, right now, Ethereum is also still cooling off, slowing down after that previous short squeeze a few weeks back. And that's also thanks to this overbought signal of Ethereum itself. Of course, alongside obviously Ethereum and major altcoins just following similar price action to Bitcoin. Ethereum and other altcoins also have overbought signals of their own which are currently playing out in the case of Ethereum here on the 3-day RSI. Of course, we're now finally starting to reset out of overbought territories, but we still potentially have more room to go here. We still have more time to basically have a bit more of a reset. either a slight pullback, maybe some sideways price action, but overall lacking bullish momentum and slowing down from that previous bullish move, maybe having a slight setback within the coming days or in the next one or two weeks or so. But remember, that could just be a shorterterm setback during a larger bullish trend because if we're looking at the overall price structure, technically we've broken out above previous significant highs in the price. We're forming higher lows, higher highs in the price, which by definition is price structure that is building in the bullish direction for the first time since basically the entire bare market started all the way back here. And if we're taking a look at the 12-hour Ethereum price chart, another short-term warning signal alongside the overbought signal playing out at the moment is of course this new bearish divergence which is now technically just confirmed over the last 1 day on the 12-hour Ethereum price chart because technically we now have confirmed higher highs in the price in the candle closes here. Meanwhile, we're starting to now actually confirm these lower highs in place in the 12-hour Ethereum RSI. And this bearish divergence is also somewhat visible on the daily time frame as well. So overall, this is a bearish divergence similar to the bearish divergence on the daily Bitcoin price chart. And we can see how that played out over the last one week approximately. Not necessarily a massive collapse in the price, but overall weakness, a slight pullback continuing for a little longer here. And that's very likely going to be the situation or similar situation like that for Ethereum in the coming days or possibly the next one or two weeks, that sort of time frame. Expect a bit of weakness. Once again, not necessarily a huge crash, but most likely a slight pullback. Maybe some choppy sideways price action overall lacking bullish momentum at least in the coming days or possibly weeks. But remember, that can help to reset the RSI for example in the larger time frames, which can ultimately give us some more room towards the upside later on at some stage. And if we're taking a look at XRP on the weekly time frame right now, the price of XRP is testing well into this area of support here in between$130 to $140, especially that $130 level. That is still a key level of support to watch out for, which is basically being tested right now. And if we start actually confirming a break back below $130 with, for example, daily candle closes below a$130, but especially a weekly candle close back below 130. In that situation, it's entirely possible we could see a move down towards roughly $1.13 to $1.14 approximately as the next important support to the downside. And if we're taking a look at the daily XRP price chart, we're basically at the final short-term point of support before those lower price targets like $1.15 for example here on the daily time frame. Once again, as I just said on the weekly time frame, around $1.13.14. So around there really $1.13 to $1.17 in that rough range there on the price chart will be the next target to the downside if we actually start confirming candle closes here in the price below roughly $130 especially around $131 to $132 more specifically is the immediate support which we are basically testing right now and so just be aware of that potential scenario in the coming days or most likely within the next 1 to two weeks especially if Bitcoin and other major altcoins continue a bit more of a cool off in the shorter term in the coming days that will likely influence XRP and other old coins out there with a bit more of a cool off just showing some weakness in the coming days as well. And if we're taking a look at Salana on the 3-day time frame, it's a similar situation here. Obviously, once again, as I said with the Bitcoin dominance, we're seeing a lot of correlation across the market, which means what I'm saying for Bitcoin is really applicable for a lot of these major altcoins on average right now. Salana also playing out an overbought signal on the 3-day RSI. As we can see here, once again telling us that we're likely going to see a bit of a call off, most likely a slight pullback. Not necessarily a huge collapse in the price, but just some weakness lacking bullish momentum. Once again, a slight pullback, very, very likely in the coming days or possibly weeks. And already for the last 1 to two weeks or so, that's already started as predicted basically a week ago now on the channel. And I continue to make that prediction right now in the coming days or possibly weeks to come. But remember, we can see short-term pullbacks and little corrections here and there along the way towards the upside during a larger bullish trend. Because technically speaking, this bullish divergence on the 3-day Salana price chart has not yet been invalidated. And if we're looking at the price structure, for example, higher lows, higher highs in the price, a breakout above previous significant range highs. Technically speaking, all of this is bullish price structure for the first time since the bare market started all the way back here close to all-time highs. And so once again, just be aware of the shorter term versus the bigger picture potentially starting to play out here. And if we're taking a look at the daily Salana price chart, it is very much clear that we're still cooling off in the shorter term. Once again, from a massive overbought signal, the daily RSI, we hit extremely overbought, which is a very strong signal. As I said back then a couple of weeks ago, this is a very strong signal telling us that we're likely going to see a decent cool off coming very soon. And right now, we're still in that cool off period where we're just continuing to show weakness in the shorter term, lacking bullish momentum. And basically, similar to how I said over the last few days, how Ethereum is kind of just squeezing up against this horizontal resistance here, which could potentially result in a slight breakout, which we started to do right here. Just a very, very slight breakout. It's basically the opposite situation for Salana. We're kind of just squeezing against this area of support. And the longer we do that, especially if we're forming lower highs as we're forming horizontal lows, that is actually bearish price structure, at least in the shorter term, which could potentially result in a bit of a break to the downside in the coming days or possibly weeks. And if that confirms, obviously, right now it's not currently confirmed. Right now, we still have support in this area in between $96 to $99. But if we actually start confirming for example daily candle closes back below roughly $96 give or take and especially if we fail to get back above that level in that situation the next major target to the downside would be based on these previous highs here flipping into support which is sitting in between roughly $87 to $89. But below that the next important area of support is in between around $81 to $83. But once again, right now the immediate support to watch out for is still this area in between $96 to $99 and continue to overall expect a bit more weakness in the coming days or possibly weeks here. And if we're taking a look at chain link on the 3-day time frame, once again, it's a very similar situation here. We're also cooling off from an overbought signal in the 3-day chain link RSI, but technically the larger bullish divergence not yet been invalidated. And if we're looking at the larger price structure, technically speaking, this is currently still looking more bullish than bearish. If we're simply looking, for example, at the higher lows and the higher highs, a breakout above the previous significant high here, technically speaking, that is price structure that has been building in the bullish direction. And that would only start potentially flipping much more bearish again if we actually start breaking back below some of these key levels, like for example around $10 to $1050. If we start breaking back below especially $10, that'll be a decent break in the price structure back to the bearish direction. So keep that in mind. But overall, of course, in the shorter term, at least in the coming days or possibly weeks, we're still likely going to see a bit more of a cool off here following what I've been saying for the rest of the market as well. Cooling off, showing some weakness, maybe a slight pullback to continue in the coming days or possibly weeks. And as for the next important support levels to watch out for, we have support here for the price of chain link in between $11 to $120. So, we're pretty much about to test that area right now. But if we start breaking back below $11 in that situation at around $1040 and especially at around $10 exactly, we have key support around there as well. And remember, if you want to trade any of these moves in the price of any crypto, get set up ready to go using that first link below the video to the Elbank Exchange. If you want to claim up to $4,000 in trading bonuses, only available using that first link below the video. Also, no KYC exchange, remember. And if you want to actually know how you can trade these moves 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 here 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 shorts 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
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