Full transcript
Bitcoin Price Analysis!
0:00Welcome back to the crypto channel
0:01everyone. My name is Josh and right now
0:02this rare bull market signal has finally
0:05just confirmed for the first time since
0:08almost 4 years ago was the last time
0:11this signal confirmed at the beginning
0:13of the previous multi-year bull market
0:16was the last time this signal confirmed
0:18which has just now confirmed a matter of
0:21hours ago. We have been waiting years
0:23for this exact moment which is now
0:26happening right now. So I'll be talking
0:28about that in just a moment. is
0:29something that we need to pay attention
0:30to. While Ethereum is getting extremely
0:33close to breaking a key level of
0:35resistance here, but could soon flash a
0:38possible shorterterm warning signal,
0:40while the price of Chain Link is now
0:42officially confirming the next
0:44significant breakout towards the upside
0:45towards new bullish price targets. So,
0:48I'll be talking about all of that and
0:49more late in the video. So, definitely
0:51watch to the end.
0:53First of all, taking a look at the
0:54weekly Bitcoin price chart. This is
0:56something that we need to pay attention
0:58to because we've now officially
1:00confirmed the flip in the super trend
1:02indicator on the weekly Bitcoin price
1:05chart. The last time we saw a flip on
1:07this indicator on this time frame was of
1:09course to the bearish direction. But the
1:11last time we saw this type of a flip
1:13from bearish to bullish was almost 4
1:16years ago at the end of the 2022 bare
1:19market in almost very early 2023 is
1:22basically when this flipped back into
1:24the green. So over 3 and 1/2 years ago,
1:26almost 4 years ago. And of course, the
1:28last time this actually flipped from
1:30green to red, from bearish to bullish,
1:32was just after the alltime high, just
1:34after we topped out for the bull market.
1:36Of course, on the weekly time frame,
1:38this is somewhat of a lagging indicator.
1:40So obviously it flips bearish after
1:42we've already topped out and flips
1:44bullish after we've already bottomed
1:46out. But ultimately it's a longerterm
1:48signal to watch out for telling us the
1:50general direction that we are trending
1:52in on the larger time frames pointing
1:54towards a longerterm trend potentially
1:57in that direction. As always, no
1:58guarantees, not financial advice, but
2:00typically that's what this indicator
2:02means on the larger time frames. And so
2:03once again, the last time we saw this
2:05signal confirm on this time frame for
2:07the price of Bitcoin was the end of the
2:092022 bare market. And what came next was
2:12a multi-year bull market throughout all
2:14of 2023, all of 2024. And even for
2:18roughly half a year during 2025, in
2:21fact, for more than half of 2025, we
2:23were still somewhat in this bull market
2:25here, even though we were starting to
2:27slow down, especially near the middle of
2:302025. And as always, keep in mind that
2:32this is a longerterm signal pointing
2:34towards potentially a longerterm trend
2:36in the price, but does not necessarily
2:38mean we're going to see a straight line
2:40towards the upside. And it doesn't
2:42necessarily mean we're going to pump
2:43today or tomorrow. Once again, it's a
2:45longer term signal to watch out for
2:47telling us most likely the general
2:50direction or the larger trend that we
2:52are basically heading in on the larger
2:54time frames talking about months or
2:56years. But remember, during these larger
2:58bullish trends or bull markets, we can
3:00see time periods where we see decent
3:02corrections or larger call-offs that
3:04here on the weekly time frame can even
3:06last over multiple weeks or months
3:08during the much larger bullish trend.
3:11And vice versa during this bare market,
3:13of course, we can have time periods
3:14where we see decent bullish reliefs
3:16along the way towards the downside. So,
3:18understand the difference between the
3:20different time frames. Obviously, the
3:21price is not just going to move in a
3:22straight line. It's much more likely
3:24we'll see some corrections along the
3:25way, but don't be fooled by those
3:27shorterterm corrections if the larger
3:29price structure is still remaining
3:30bullish. And so, just keep that in mind.
3:32Basically, around an hour ago before
3:34recording this video, we just saw the
3:36weekly cattle close officially
3:38confirming this flip in the super chain
3:40indicator now cemented in place on the
3:42price chart for the price of Bitcoin.
3:44And if we're taking a look at this
3:45weekly Bitcoin price chart, what has
3:48already been confirmed for 2 months now,
3:50as I've been saying every day for two
3:51months now on the channel, is of course
3:53the larger bullish divergence on the
3:55weekly Bitcoin price chart. I've been
3:57talking about this every day since the
3:58price was all the way back down towards
4:00around $60,000 a couple of months ago.
4:03I've been sharing this bullish
4:04divergence comparing it to the end of
4:06the 2022 bare market because this was
4:08the last time we saw this signal
4:10confirmed at this scale on this time
4:12frame for the price of Bitcoin, the end
4:14of the 2022 bare market. So, like I've
4:16been saying ever since basically the low
4:18at around 60,000. This is basically a
4:21larger or longerterm bullish signal for
4:24the price of Bitcoin. And so, keep that
4:26in mind. Despite what happens in the
4:27shorter term, potential warning signals,
4:29little call-offs here and there on
4:30smaller time frames, the larger or
4:32longerterm situation is starting to flip
4:35much more bullish based on these
4:36technical indications. Obviously, this
4:38indicator here flipping bullish, the
4:40larger bullish divergence here. Overall,
4:42things are looking pretty good on the
4:43weekly time frame. And if we're taking a
4:45look at the 3-day Bitcoin price chart,
4:47at least for now, just in the shorter
4:48term, of course, we are still struggling
4:50a bit around this resistance, which is
4:52to be expected in between around $80,000
4:55to $82,000. So keep that in mind. That's
4:58still an area of resistance to watch out
5:00for. And so ultimately, it's likely we
5:02could see a little more struggle just in
5:04the short term around that area. Once
5:06again, understand the difference between
5:07the different time frames. That's
5:09talking about shorterterm movements
5:11during what's potentially now a larger
5:13bullish trend if we're talking about
5:15months or years. And we can perhaps be
5:17even more confident in that larger
5:19bullish trend or larger bullish price
5:21structure if ideally we just break past
5:23this previous high here. That would be
5:25an extra strong confirmation signal
5:27pointing towards larger bullish price
5:29structure and a longerterm bullish trend
5:31for the price of Bitcoin. if we can
5:33actually confirm a break past this high,
5:35which by the way is sitting at around 82
5:381.5,000. But considering the stock
5:39market is of course closed over the
5:41weekend and also closed on Monday with a
5:43public holiday in the US stock market,
5:45it's likely we'll kind of just stagnate
5:47a little bit and continue a slight
5:48little cool off potentially through
5:50Monday as well for the price of Bitcoin.
5:52And then depending on how traditional
5:54markets perform on Tuesday, Wednesday,
5:56etc. that could potentially spark some
5:59more volume and some more volatility in
6:01Bitcoin and crypto. And so basically
6:03just in the shorter term, especially
6:05here in the daily time frame with the
6:06bearish divergence technically still
6:07active on the daily Bitcoin price chart.
6:10This means of course just in the shorter
6:12term, we're likely going to see a little
6:13more of a cool off. Remember, I'm not
6:15saying a crash or anything like that,
6:17just overall cooling off. Maybe some
6:19sideways price action, possibly a very,
6:20very slight little pullback, but I don't
6:22expect significant bearish price action
6:25or anything like that. And so overall,
6:26just expect a lack in bullish momentum
6:28and some weakness in the shorter term,
6:31especially for the next 1 to two days,
6:33possibly even leading a little further
6:34into the week. But especially in the
6:36next 1 to 2 days, we're likely just
6:38going to kind of just hold around here
6:40on the price chart. Very, very likely,
6:42especially here on the 4hour Bitcoin
6:44price chart. Over the last 1 to two days
6:46now, we've been going almost sideways as
6:49we can see, still cooling off from the
6:50previous overbought signal. And if we're
6:52taking a look at the Bitcoin liquidation
6:54heat map, we can see that previously as
6:56we pushed higher here, of course, we
6:58took out liquidity at around 81 half,000
7:01right around here. Perfectly taken out
7:03at that high. And then of course, we
7:05still have some liquidity now below the
7:07price at around 76.1K. So keep that in
7:10mind. That's still a possible target to
7:13at least keep in mind if we do continue
7:15a bit more of a cool off with perhaps
7:17this bearish divergence on the daily
7:18time frame. But remember, that's all
7:20talking about short-term moves. Even
7:21though that might look like a large move
7:22on the 4hour time frame, if we're
7:24zooming out to say the 3-day time frame,
7:2776.1K is right here. So that will barely
7:30be visible on the 3-day time frame. If
7:32we're zooming out to the weekly time
7:33frame, 76.1K
7:36is right around here. So once again,
7:38that would be barely visible. It'll be
7:40basically that size move on the weekly
7:42time frame. So once again, understand
7:44the difference between the different
7:45time frames. Yes, that's still a
7:46possible target to watch out for. As
7:48always, no guarantees, but just keep
7:50that in mind that we still have a lot of
7:51liquidity at around 76.1K
7:54once again. But overall, the larger
7:57situation still looking quite bullish if
8:00we're talking about months or years to
8:02come despite potential short-term cool
8:05offs continuing a little longer for the
8:07price of Bitcoin. And before discussing
8:09some major altcoin moves that are
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8:12want to trade any of these moves in the
8:14price of Bitcoin or any crypto, you need
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9:25with that being said, taking a quick
Bitcoin Dominance!
9:26look at the Bitcoin dominance chart on
9:28the 3-day time frame. And right now
9:30we're seeing a little more of a
9:31rejection, a little further of a
9:33rejection here in the shorter term in
9:34the Bitcoin dominance from close to this
9:36resistance here, which by the way, this
9:38area of resistance in the Bitcoin
9:40dominance is in between around 60.5% to
9:4361%. And the Bitcoin dominance went to
9:46almost 60.5%. So above 60.4% is where we
9:50got to in the Bitcoin dominance before
9:52we started the struggle very very close
9:54to that area of resistance. And now
9:56we're seeing a slight pullback in the
9:58Bitcoin dominance, which is actually
10:00some good news, at least in the short
10:01term, for the altcoin market. It's not
10:04necessarily bad news for Bitcoin. Keep
10:06that in mind. For example, during this
10:08little pullback in the Bitcoin
10:09dominance, the price of Bitcoin has been
10:12basically going almost sideways. In
10:14fact, a very, very slight drift towards
10:16the upside, but somewhat neutral in the
10:19shorter term. But with this happening in
10:20the price of Bitcoin, meanwhile, we're
10:23seeing a rejection in the short term in
10:24the Bitcoin dominance. That means
10:26Bitcoin is losing market share. So
10:28altcoins are gaining market share. But
10:30because the price of Bitcoin is not
10:31going down, it means altcoins are going
10:34up. If altcoins are gaining market share
10:36on Bitcoin, meanwhile, Bitcoin is
10:37holding strong or at least holding where
10:40it is. Not necessarily showing a lot of
10:41strength in the short term, but just
10:43holding where it is. Once again, it
10:44means old coins on average are doing
10:47well, at least in the shorter term here
10:49as we're seeing this drop in the Bitcoin
10:51dominance. And so with that being said,
Ethereum Price Analysis!
10:53taking a look at some altcoins that we
10:54need to pay attention to. First of all,
10:56Ethereum here on the 3-day time frame is
10:58keeping the bullish breakout active. As
11:00I've been saying every day since weeks
11:02ago now, obviously we've already
11:03confirmed the breakout. And even though
11:05over the last couple of weeks, of
11:06course, we've slowed down along with, of
11:08course, the slowdown in the price of
11:10Bitcoin after that short squeeze, which
11:12was to be expected. Obviously, that also
11:14translated to a bit of a slowdown for
11:16Ethereum and other altcoins. But with
11:17that being said, the bullish breakout
11:19technically still active. a larger price
11:21structure technically still bullish for
11:24Ethereum here on the 3-day time frame.
11:25And the next significant point of
11:27resistance or next significant price
11:29target to watch out for for Ethereum is
11:31sitting in between around 2750 to 2.8K
11:35based on previous support and also
11:37previous resistance flipping into
11:39resistance again in between once again
11:412750 to 2.8K. And if we're taking a look
11:44at the 12-hour Ethereum price chart
11:47right now, we are getting extremely
11:49close to seeing a new breakout, a
11:51potential breakout here for Ethereum.
11:53Obviously, we have this strong level of
11:55resistance here where we've seen
11:56multiple almost perfect rejections from
11:59this level right here, which in case
12:00you're wondering, is sitting at just
12:02above 22,000, around 2.5K to 2.6K, give
12:06or take. we have a lot of resistance
12:08around there. More specifically in
12:10between around 2520 to 2540. So once
12:15again just above 2.5K we have a lot of
12:17resistance around there which could soon
12:20break considering the fact that
12:22obviously we're not seeing a harsh
12:24rejection from that resistance. We're
12:25still kind of just continuing to test
12:27that resistance. And usually the further
12:30or the more that we test a point of
12:31resistance the weaker that resistance
12:33gets. And also considering other factors
12:36like Bitcoin just holding up okay in the
12:38shorter term while we're seeing a drop
12:40in the Bitcoin dominance which is good
12:41news for altcoins. This is pointing
12:43towards or at least increasing the
12:45probability that we could see a breakout
12:47soon for Ethereum. But in that situation
12:50we need to be aware of a possible
12:52bearish divergence which could also very
12:55easily form with a potential breakout
12:57here in the price. Obviously, if we
12:59create higher highs in the price, it's
13:00still quite likely that the RSI compares
13:03to this previous high back here around
13:0521st of August. Still very likely that
13:07the RSI will be sitting in lower highs,
13:10even if we see a bit more of a breakout
13:11here in the price. So, just be aware of
13:13that. It's actually quite likely now
13:15that we could soon see a breakout
13:17further towards the upside into higher
13:19highs in the price. But be aware that
13:21following that breakout, that could
13:23start to form a bearish divergence on
13:25the 12-hour and the daily time frame.
XRP Price Analysis!
13:28And if we're taking a look at XRP on the
13:30weekly time frame, right now XRP is
13:32still holding this crucial area of
13:33support here in between $130 to $140,
13:36especially around that $130 level. That
13:38is a key level of support to watch out
13:40for. As for resistance, we have
13:41significant resistance closer towards
13:43$160 to $1.70. And if we're taking a
13:46look at the daily XRP price chart, just
13:48in the shorter term, the price of XRP is
13:50kind of just holding where it is
13:52alongside, of course, Bitcoin and some
13:54altcoins out there just kind of holding
13:56where they are in the shorter term.
13:58We're seeing something similar for XRP.
14:00So, keeping it very quick. This will
14:02likely continue somewhat similar price
14:03action to what Bitcoin does. So, as
14:05Bitcoin kind of just cools off a little
14:07bit, but also considering the drop in
14:09the Bitcoin dominance, it means XRP and
14:11perhaps some other altcoins out there on
14:12average could slightly hold up better or
14:15slightly outperform Bitcoin, whatever
14:17Bitcoin does here. So, even if Bitcoin
14:19has a slight little dip like this, some
14:21altcoins might just go sideways and
14:23still perhaps even have a slight move up
14:25while we're seeing that drop in the
14:27Bitcoin dominance. So, keep that in mind
14:28for XRP and some other altcoins. This
14:31could result in just a slight little
14:32bounce like this in the shorter term.
14:34But still, I do not expect a significant
14:36bullish move, at least not right now.
14:38We're still somewhat cooling off at
14:39least in the short term here. And so
14:41overall, my expectation for XRP just in
14:44the next few days or so is for the price
14:46to kind of just hold where it is roughly
14:48speaking in between some support and
14:50resistance. We have major support here
14:52at around $1345
14:55and major resistance at around $147
14:58close to $1.50 50 as major resistance
15:00here in the shorter term. And if we're
Solana Price Analysis!
15:02taking a look at Salana on the 3-day
15:04time frame, technically speaking, the
15:06price of Salana just over the last 1 to2
15:08hours has now confirmed a 3-day candle
15:11close above that $15 level of
15:14resistance. In fact, we confirms the
15:16latest 3-day candle close at just above
15:19$106. So technically, this is now
15:21starting to confirm the breakout above
15:23that important $105 level above this
15:26larger resistance here and ultimately
15:28continuing the breakout past the
15:30previous significant highs that formed
15:32basically earlier this year. And so if
15:35we're looking at the larger trends, the
15:37bullish trends that we are in,
15:39technically the price structure is still
15:41bullish. As we can see, we're forming
15:42significant higher lows, significant
15:44higher highs. We've broken out above
15:46previous significant highs. We've broken
15:48out above significant resistance and so
15:50far been holding that as support. And of
15:53course, we're still playing out a much
15:54larger bullish divergence, which is a
15:56longerterm bullish signal for the price
15:59of Salana. All of this together is
16:01bullish price structure. It's pointing
16:03towards likely a bullish trend
16:05continuing on the larger time frames.
16:07Remember, not necessarily a short-term
16:09signal. Of course, in the shorter term,
16:10from time to time, we can see little
16:12cool offs and pullbacks along the way,
16:13but don't be fooled by those short-term
16:15moves. the larger situation, as I've
16:17been saying every day for months now, is
16:19technically it's currently bullish. It's
16:21still more bullish than bearish. And
16:22that's especially the case because we've
16:24also seen a perfect retest and a perfect
16:26bounce of this previous significant
16:28resistance here, which previously we saw
16:31multiple perfect rejections from this
16:33area. And that's sitting in between
16:34around $96 to $99. And just over the
16:38last 1 week or so here on the daily
16:39salana price chart, we saw a pullback, a
16:42bit of a cool off from the highs,
16:43resetting from an overbought signal. And
16:45then a perfect retest of that area in
16:48between 96 to 99 and a perfect bounce
16:51holding that flipping that into support
16:54previous resistance flipping into
16:56support which once again by definition
16:58is price structure that is building in
16:59the bullish direction. This is all
17:01bullish right now if we're talking about
17:03the larger trends that we are in. Just
17:05be aware of course it's not going to be
17:06a straight line. It's normal to see
17:08little cool offs along the way. But as
17:10for possible points of resistance to
17:12watch out for, we could find some
17:14resistance around this local high here,
17:16sitting at around $109, almost $110 as a
17:20possible point of resistance to watch
17:21out for. And the next major target or
17:24next significant point of resistance to
17:26watch out for is closer towards $120.
17:29And another old coin that we need to pay
Chainlink Price Analysis!
17:31attention to right now is Chain Link on
17:33the 3-day time frame, which just over
17:35the last 1 to almost 2 hours now has
17:37officially confirmed a 3-day candle
17:39close. well above this significant
17:41resistance here based on previous
17:43significant support which was a
17:45resistance for the last couple of weeks.
17:47The last 1 to two weeks at least we were
17:49struggling a lot around this area which
17:50was in between around 1180 to 1230 so at
17:54give or take $12. That was a key point
17:56of resistance for the last couple of
17:57weeks which has now been smashed. We've
18:00now absolutely broken through that
18:02resistance with once again a 3-day
18:04candle close confirming well above that
18:06resistance. So technically this is all
18:08confirmed here. here. The breakout
18:09confirmed ultimately continuing the
18:11larger bullish relief, the larger
18:13bullish price structure, the longerterm
18:15trend. Still massively bullish as I've
18:17been saying every day for months now on
18:19the channel. Since all the way back down
18:20here, I've been saying this is likely
18:22going to cause a much larger bullish
18:23relief over months to come. And the next
18:26major target to watch out for or point
18:28of resistance to watch out for is just
18:30above $14. especially in between around
18:321410 to 1430 is now the next major
18:36target now that we've broken out past
18:38that previous $12 point of resistance.
18:40And so I'd not be surprised if we
18:42basically continue roughly a dollar
18:44higher from where we are right now as of
18:46this video. And in case you're wondering
18:48if we actually break past that point of
18:49resistance at roughly 1430 give or take
18:52in that situation, it's possible we
18:54could move up towards roughly $16 as the
18:58next major point of resistance to watch
18:59out for. But once again, also be aware
19:01that it's normal to see little call offs
19:03along the way, but don't be fooled by
19:05those short-term calloffs like what we
19:07saw around that $12 level. Obviously, we
19:09ran into that level. Saw a slight little
19:11pullback. Not a huge crash or anything,
19:12but just a slight pullback, a bit of
19:14struggle for one or two weeks or so
19:16before heading higher later on. So, be
19:18aware that potentially closer towards
19:20$14, that could happen. Again, a bit of
19:22struggle, maybe a slight little
19:24pullback. not necessarily a huge crash,
19:25but just a bit of a short-term struggle
19:27around points of resistance along the
19:29way towards the upside before ultimately
19:31heading higher later on considering the
19:33larger trend is currently bullish. And
19:35so those are still my expectations, my
19:37predictions in the shorter term,
19:38midterm, and longer term, the key
19:40signals, levels, and price targets to
19:41watch out for for all of these crypto
19:43assets. And remember, if you want to
19:44trade any of these moves in the price of
19:46Bitcoin or any crypto, get set up ready
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20:15strategies all in that video right
20:16there. So definitely check it out. But
20:18anyway, that is everything that I have
20:19to say for today. I really hope you
20:21enjoyed.