THIS BITCOIN SIGNAL IS FLASHING NOW (Get Ready)!!! - Bitcoin News Today, Ethereum & Altcoins

0:00Welcome back to the good wealth channel,

0:01everyone. My name is Josh, and right

0:02now, while Bitcoin is still cooling off

0:04in the short term, we're seeing new

0:06levels of liquidity build in the Bitcoin

0:08liquidation heat map in the immediate

0:10short term, which is something that we

0:11need to pay attention to. So, I'll be

0:13talking about that in just a moment,

0:15alongside Ethereum, which is keeping the

0:17bullish breakout remaining active as

0:20we're continuing to confirm candle

0:21closes on the 3-day time frame above

0:23this previous significant resistance

0:25here, while the price of Solana is

0:28getting extremely close to breaking out

0:30above this crucial area of resistance

0:32here. So, I'll be talking about all of

0:34that and more later in the video. So,

0:36definitely watch till the end.

0:39First of all, starting off on the weekly

0:40Bitcoin price chart, and the super trend

0:42indicator is still sitting in the red,

0:43but extremely close to flipping back

0:46into the green. So, overall, over the

0:48last 1 day, not much has changed on this

0:50chart right here. So, jumping straight

0:52into this weekly Bitcoin price chart,

0:55and currently, the price of Bitcoin is

0:56still playing out the massive bullish

0:58divergence as I've been talking about

1:00every day for the last couple of months

1:02now on the channel. Obviously, this is a

1:04longer-term signal to watch out for,

1:06telling us that we're likely going to

1:08see a larger bullish relief or a larger

1:10bullish trend begin to play out in the

1:13coming months and years for the price of

1:15Bitcoin. This is what I've been saying

1:16every day over the last 1 to 2 months,

1:18and already has perfectly started to

1:21play out over the last 1 to 2 months as

1:23expected. And once again, this is a

1:25longer-term signal telling us what is

1:28likely coming in the coming months and

1:30years for the price of Bitcoin.

1:32Remember, the last time we saw this

1:33signal confirm on this time frame for

1:35the price of Bitcoin was the end of the

1:372022 bear market. Right now, we've seen

1:40almost similar price action, almost

1:42identical price action over the last

1:44couple of months compared to what we saw

1:45at the end of the 2022 bear market. So,

1:48keep that in mind moving forward. That

1:49is still playing out as expected. And if

1:51we're taking a look at the 3-day Bitcoin

1:53price chart, right now, we are moving

1:55closer towards testing this area of

1:58resistance again, which is sitting in

2:00between around $80,000 to $82,000. So,

2:03once again, continue to expect a lot of

2:05resistance, which means struggle or

2:07possibly rejections from around $80,000

2:10to $82,000. And if we see any short-term

2:13rejection from around that area, in that

2:15situation, the next major support below

2:18the price of Bitcoin is sitting in

2:20between around $73,000 to $75,000.

2:24But, as I've been saying just over the

2:25last few days or so, it's extremely

2:27likely that just in the short-term here,

2:30we're just going to cool off a little

2:31bit, helping to reset away from

2:33overbought here in the RSI, but not

2:35necessarily crash all the way back down.

2:38So, potentially just remaining in this

2:40range here, bouncing between support at

2:42resistance. And over the last half a

2:44week to almost a week now, that's been

2:46perfectly playing out, obviously just

2:48bouncing around in a bit of a range,

2:50cooling off in the shorter term, but not

2:52seeing a huge crash, which was the

2:53expectation and the prediction about a

2:55week ago now on the channel. And this

2:57could continue a little longer, but soon

3:00enough, likely within the next one to

3:02two weeks, we'll likely start the next

3:05decent move. So, we're potentially in

3:07the calm before the storm at the moment,

3:09where yes, we could see a bit more of a

3:11cool off, but then potentially once

3:13again, within one or two weeks from now,

3:15we could start another decent-sized

3:17move. And if we actually confirm the

3:19breakout above this resistance here, so

3:21ideally confirming candle closes on the

3:23daily or the three-day time frame above

3:26around $82,000 per Bitcoin and actually

3:28holding above that area, in that

3:30situation, the next resistance to watch

3:32out for would be sitting at around

3:34$86,000 to $88,000.

3:37And if we can break past that area, in

3:38that situation, I'll be targeting around

3:41$96,000 to $98,000. But, if we're taking

3:44a look at the daily Bitcoin price chart,

3:46obviously, we have been basically

3:49resetting away from this extremely

3:51overbought signal that we saw roughly a

3:53week ago, give or take, right after we

3:55basically saw the end of that previous

3:58short squeeze. And so, once again, as I

4:00said over a week ago now, right around

4:02here, this extremely overbought signal

4:05is a pretty strong indication to tell us

4:08that we're likely going to have some

4:09sort of cool off, which means just

4:11slowing down from that extreme bullish

4:13price action in the shorter term, but

4:14not necessarily crashing or pulling back

4:17towards these lower prices. So,

4:19obviously, that's been perfectly playing

4:20out once again, and I continue to expect

4:23this to play out at least over the next

4:25day, maybe another couple of days or so,

4:27but potentially in once again, within

4:29the next one or two weeks or so, we will

4:32likely start the next decent size move,

4:35and that could be another push higher,

4:36but we have a potential risk that we

4:39need to be aware of. If we start pushing

4:42higher, let's just say in the next week

4:44or so, if we push a little bit higher

4:46above the previous highs in the price,

4:48meanwhile, the RSI is forming lower

4:50highs, which will very likely be the

4:52case, then of course, that could form a

4:54bit of a bearish divergence in the

4:56coming one or two weeks. And so, I'm

4:58predicting that right now. Watch out for

5:01that possible warning signal, very early

5:03prediction right now on the channel.

5:04Watch out for that warning signal.

5:06Obviously, it's not currently confirmed

5:07or in play. We haven't even confirmed

5:09the next higher high in the price of

5:10Bitcoin, but I'm just letting you know

5:12in advance, that's quite a likely

5:15scenario in the coming weeks, not

5:17necessarily in the next day, but once

5:19again, in the next one or two weeks, we

5:20could likely try to push a little higher

5:23to take out the highs, but then

5:25potentially still running into

5:26resistance in the lower $80,000

5:29and then once again, for as long as we

5:30just push a little bit higher beyond the

5:32highs in the price, it's still very

5:34likely it will be in lower highs in the

5:36daily Bitcoin RSI forming a bearish

5:39divergence in the coming weeks. And then

5:41potentially after that plays out, then

5:44we could see a bit more of a cool off

5:46that could potentially last a couple of

5:48weeks after that. So, keep that in mind.

5:51That is a very likely scenario in the

5:53coming weeks or so. And if we're taking

5:55a look at the 4-hour Bitcoin price chart

5:57just in the very short term, talking

5:58about a matter of hours or maybe the

6:00next 1 or 2 days, that sort of time

6:02frame, of course, we're still just kind

6:03of bouncing around sideways, cooling off

6:06from the previous overbought signals,

6:07and also ultimately playing out this

6:09short-term bearish divergence, telling

6:11us that once again, we're due to just

6:13see a lack in bullish momentum and to

6:15cool off in the short term, which has

6:17been my exact prediction since right

6:18around here, and it's been perfectly

6:20playing out exactly as expected. And

6:21once again, this could likely continue

6:23to play out in the coming hours or

6:25potentially the next 1 or 2 days. And if

6:27we're taking a look at the Bitcoin

6:28liquidation heat map, looking at the

6:30last 3 days' worth of price action,

6:32first of all, we have some downside

6:34liquidity here still sitting at around

6:3676.8k,

6:37but just over the last 1 day, in fact,

6:40over the last few hours or so, we have a

6:43new level of liquidity building above

6:45the price of Bitcoin, sitting at around

6:4779.4k,

6:49approximately. Or if we're looking at a

6:50slightly broader range in between 79.3k

6:54to 79.6k.

6:56So, it give or take 79 and 1/2 thousand,

6:5879.4k, 79.5k.

7:01Those are the key levels to watch out

7:03for, the key area to watch out for in

7:05the price of Bitcoin in the immediate

7:06short term. Obviously, it's only just

7:08here, so it's very close to the current

7:10price of Bitcoin, which means it's a

7:12very high chance of that ultimately

7:15being hit. But as always, no such thing

7:17is a guarantee, so even though it might

7:19be a high probability, there's not a

7:21100% certain chance that that will

7:24actually be hit. So, just keep that in

7:25mind, but very, very likely, we could

7:28take out that liquidity at some point in

7:30the coming 1 or 2 days or so. But

7:32remember, just talking about the smaller

7:34time frames, that's all talking about

7:35very short-term moves, small, fast moves

7:38in the price of Bitcoin. If we're

7:40looking at the bigger picture,

7:41technically, the larger price structure

7:44is starting to flip much more bullish,

7:45especially with the larger bullish

7:46divergence here ultimately playing out.

7:48And, of course, a bullish trend here on

7:51the daily time frame, also on the 3-day

7:52time frame, a bit of a bullish trend

7:54here. But, ideally, I'd like to see a

7:56breakout past around 82,000 to 82 and

7:591/2 thousand above this previous high

8:01here in the price of Bitcoin to be much

8:03more confident that, yes, we're actually

8:05officially starting what most likely a

8:07significant reversal back towards the

8:10upside starting a significant bullish

8:11trend if we actually break past this

8:13previous high here, which we've not just

8:15done yet, but we are getting very close

8:18to that potentially happening. And so,

8:20those are the key signals, price

8:22targets, and my exact predictions and

8:24expectations in the shorter term, the

8:26mid term, and the longer term for the

8:28price of Bitcoin. And if you want to

8:29trade any of these moves in the price of

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9:17So, obviously, if you're going to be

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9:24first link below the video, as always,

9:26not financial advice, but also remember,

9:28LBank is also a no-KYC exchange. But,

9:32with that being said, taking a quick

9:34look at the Bitcoin dominance chart on

9:36the 3-day time frame, and if we're

9:37talking about the shorter-term trends

9:39that we're in, technically this is

9:41currently bullish in the shorter term

9:42here, but that short-term bullish

9:45movement is during a much larger

9:48sideways price range. As we can see,

9:50we're stuck between this support and

9:52this resistance, and that's been the

9:54case since last year. And so, this

9:56basically means in the somewhat shorter

9:58term, Bitcoin is slightly outperforming,

10:00so slightly holding up a bit better than

10:02some other major altcoins out there. But

10:05overall, still we're seeing a lot of

10:07correlation across the crypto market, so

10:09we're not really seeing a strong altcoin

10:10season or a strong Bitcoin season right

10:13now. It's just a lot of correlation

10:14across the market. And if we're taking a

10:16look at Ethereum on the 3-day time

10:18frame, right now the price of ETH is

10:19keeping the bullish breakout active by

10:22continuing to confirm candle closes here

10:24on the 3-day time frame above this

10:26previous resistance here, which by the

10:28way, the top side of that previous

10:29resistance was sitting at around 2.4k.

10:32And so far, ever since the initial

10:35candle close above 2.4k, so far on the

10:373-day time frame, we've only seen green

10:40candle closes actually confirm on the

10:423-day time frame. So, basically

10:43continuing to close higher and higher,

10:45only slightly higher, but still

10:47ultimately keeping the bullish breakout

10:49active. And remember, over the last 1

10:52week or so with Bitcoin ultimately

10:53cooling off in the shorter term, that's

10:55also caused Ethereum and other altcoins

10:57to just slow down that bullish move in

10:59the shorter term, which is to be

11:00expected. And of course, it's exactly

11:02what I've been saying every day for the

11:04last week now. But if the price of ETH

11:06just continues to hold above this

11:07previous resistance, hold it as new

11:09support, in that situation, of course,

11:11the larger price structure has already

11:13flipped bullish. In the case of Ethereum

11:15here, obviously, we already have

11:17previous highs that have been broken

11:19essentially. We have higher highs

11:20confirmed in the price on the 3-day time

11:22frame for the first time since before

11:24the bear market really began at near the

11:26end of last year, around September,

11:28October last year. Obviously, ever since

11:30then, technically, we've been in a

11:32bearish market forming a lower highs and

11:33lower lows until now. This is the first

11:36significant change in price structure

11:38where we are actually seeing a higher

11:40highs and potentially some higher lows

11:42also starting to form breaking out above

11:44this previous significant resistance, a

11:46massive change in price structure and a

11:48reversal signal for the larger trend.

11:51And so, once again, understand the

11:53difference between the different time

11:54frames. If we're talking about multiple

11:56weeks from now, or especially in the

11:57coming months or over the next year or

12:00so, in that situation, I am bullish on

12:02the price of ETH and a lot of the crypto

12:04market, especially Bitcoin, Ethereum,

12:05and other major altcoins out there,

12:07because overall, things are starting to

12:09flip bullish at least on the larger time

12:11frames in the larger price structure,

12:12especially in the case of Ethereum once

12:14again. But, once again, just in the very

12:16short term, as Bitcoin continues a bit

12:18of a cool off here, and while Ethereum

12:20is also technically still overbought

12:22here in the 3-day Ethereum RSI, this

12:24could just cause a little more of a slow

12:26down, a slight cool off in the short

12:28term. But, I want to make it clear, I'm

12:29not saying a huge crash back down. I'm

12:31just saying a small slow down, slowing

12:33down from the bullish price action here.

12:35So, maybe some sideways price action

12:37continuing to help to reset the RSI in

12:40the coming days or so before possibly

12:42seeing another move higher in the coming

12:44weeks. And if we're taking a look at XRP

12:46on the weekly time frame, right now, the

12:48price of XRP is continuing to hold this

12:51crucial area of support as support,

12:53sitting in between around $1.30 to

12:56$1.40. And as for resistance, we still

12:58have significant resistance right here

13:00at close to $1.60, give or take. And if

13:03we're zooming into the daily XRP price

13:05chart, it's clear that in the shorter

13:07term, we have been cooling off away from

13:09this extremely overbought signal that

13:11confirmed a bit over a week ago now,

13:13give or take 1 week ago. And once again,

13:15as I've been saying every day for the

13:17last 1 week now, ever since we confirmed

13:19this overbought signal right here, I've

13:21been saying it's extremely likely from

13:23that point onwards that we're likely

13:25going to see some sort of pullback or

13:27maybe just some sideways price action,

13:28but ultimately cooling off from all of

13:30the bullish price action, lacking

13:32bullish momentum, just slowing down in

13:34the shorter term to help to reset the

13:36RSI back to the downside away from

13:38overbought signals. And since I made

13:40that prediction right here, that's

13:41exactly what has been playing out as

13:43expected, and I continue to expect this

13:46to keep playing out. That is my exact

13:48prediction right now, at least over the

13:50next couple of days or so. Obviously,

13:52this is not necessarily a long-term

13:53signal here. So, it's not likely that

13:56this will just continue for weeks and

13:57months. It's much more likely that in

13:59the coming days we could start to

14:01potentially somewhat bottom out or at

14:04least slow down at the pullback here.

14:06And then, depending on Bitcoin and other

14:08major altcoins, if we start to see a bit

14:11more of a bullish movement, let's just

14:12say in the coming week or so, that can

14:15help XRP and some other altcoins out

14:17there also continue some sort of bounce

14:19potentially within the coming week after

14:22first we see a little more of a cool off

14:24in the coming days. And so, that is my

14:26exact prediction right now for XRP. And

14:29if we're taking a look at Solana on the

14:303-day time frame, right now the price of

14:32Solana is extremely close to confirming

14:35the breakout above this significant

14:37resistance here, but it is not yet

14:39confirmed the breakout above $105, which

14:42is the top side of this area of

14:44resistance here. So, ideally we need to

14:46confirm, ideally a 3-day candle close or

14:49at least a daily candle close, but

14:50ideally a 3-day candle close above $105

14:53in order to actually confirm this

14:55breakout on this time frame, the 3-day

14:57time frame. And in case you're

14:58wondering, the next target or point of

15:00resistance to watch out for to the

15:01upside, if we actually confirm this

15:03breakout and hold above that area, in

15:05that situation, the next target or point

15:07of resistance would be this level right

15:09here, sitting at around $120.

15:13And in case you're wondering, I'd expect

15:14a decent amount of support in between

15:16roughly 95 to almost 100, so in the high

15:20$90 area, especially 95 to 98 around

15:23there. I'd expect a decent amount of

15:25support for the price of Solana if we

15:27see any little short-term rejection or

15:30pullback, which potentially could be

15:32somewhat likely, not necessarily a big

15:34pullback, but ultimately just cooling

15:36off a little bit in the shorter term,

15:37maybe some sideways price action,

15:39slowing down still just in the shorter

15:41term in the coming days. And that's due

15:42to the fact that of course, first of

15:44all, Bitcoin and other altcoins are also

15:46still cooling off a little bit, but also

15:48in the case of Solana, we're still

15:49currently overbought in the 3-day Solana

15:52RSI, which is a signal telling us that

15:54we've kind of gone too far to the upside

15:56too quickly in the shorter term, and we

15:58just need some time at least in the next

15:59few days to just cool off a little bit,

16:02slow down the bullish movement, and help

16:04to reset the RSI away from overbought

16:07signal. So, that's my exact prediction

16:08in the shorter term, but the much larger

16:11movement, the general direction that we

16:13are heading in if we're talking about

16:14multiple weeks from now, and especially

16:16in the coming months or over the next

16:17year or so, is currently bullish. We're

16:19playing out a significant bullish

16:20divergence still perfectly playing out

16:22as predicted many months ago, and

16:24overall we are seeing higher lows and

16:26higher highs in the price of Solana,

16:28which by definition is a bullish trend.

16:31And if we're taking a look at the price

16:32of Chainlink on the 3-day timeframe,

16:34it's a very similar situation here for

16:36Chainlink as what I just said for

16:37Solana. Technically, we still have this

16:39much larger bullish divergence still

16:41actively playing out on the larger

16:43timeframes for the price of Chainlink,

16:44but more recently in the shorter term,

16:46we've hit overbought at the same time as

16:48running into major resistance, which

16:50means it's extremely likely we're just

16:52going to have some sort of cool off,

16:53either a slight pullback or some choppy

16:55sideways price action, but not

16:56necessarily a huge crash back down has

16:58been my exact words, my exact prediction

17:00for the last week now. So far for the

17:02last week, it has been playing out

17:04exactly as predicted, and I continue to

17:06expect this to play out. That is my

17:07exact prediction right now to continue

17:10it to have that price action ultimately

17:12play out at least in the coming days,

17:15not necessarily over multiple weeks from

17:17now, but at least the next few days this

17:18will likely continue a bit more of a

17:20cool off here. Not necessarily a

17:22pullback, a massive pullback, I'm not

17:23saying that, just either a very slight

17:25pullback or more likely some choppy

17:28sideways price action to reset the RSI

17:30and other indicators like this towards

17:32more neutral levels, which can give us

17:34more room towards the upside later on to

17:36ultimately continue this larger bullish

17:38relief if we're talking about multiple

17:40weeks from now and especially in the

17:41coming months or over the next year or

17:43so. In case you're wondering, I would

17:45expect significant resistance still in

17:47this area in between around 1180 to

17:491230. And as for support, I'd expect

17:52support based on this previous high

17:54right here, previous resistance flipping

17:56into support, which is sitting at

17:58roughly around $10.80

18:00to almost $11 as an area of support

18:03watch out for. And of course, if you

18:05want to trade any of these moves in the

18:06price of Bitcoin or any crypto, you need

18:08to be set up ready to go on a crypto

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18:40But anyway, that is everything that I

18:41have to say for today. I really hope you

18:43enjoyed and I'll see you all in the next

18:45video.