BITCOIN MIGHT CRASH Within 36 Hours?! 💥 LIVE Crypto Analysis TA & BTC Cryptocurrency Price Dump News
could the Bitcoin price potentially be setting up for another major market sell-off at some point within the next 24 to 36 hours let's dive in and analyze what is going on ladies and gentlemen crypto Kirby here your crypto currency expert back with another edition of the daily livestream today we're going to discuss the possibility of bitcoins selling off within the next 36 hours and of course I'd like to explain why that time frame because I'm sure all the moon boys already clickbait Kirby clickbait alright little James settle down with your little quick mate because right now Dondon carbon Accio is seeing some very startling signs beginning to appear in this chart and although this could result in a potential sell-off I'm also going to discuss the possibility of us breaking to the upside and what I would be looking for if it breaks up instead of down and then where my upside targets would be etc etc so we're gonna cover both sides here ok so as a full-time trader I'd like to discuss with you my strategy my game plan and how I plan to crush this market right now in the immediate term so without any further adieu you guys already know the deal if you like these daily crypto videos and nightly live streams let's Mack that thumbs up button click the subscribe take the little bell and let's get this crypto moon the likes ladies and gentlemen moon them up alright so we'll begin with our Bitcoin technical analysis and of course before we begin this is not investment advice this is not trading advice these are only my own opinions ideas and speculative hypotheses on the market always do your own research and your own due diligence before investing or trading as this market is extremely high-risk and I am NOT your financial advisor I will never tell you what to do with your trades or investments that being said let's begin right here on the daily timeframe for a Bitcoin now as I pointed out in the in the introduction I said 24 to 36 hours now simply put my friends this is because we are about to see a daily close very shortly here after the time of recording on Bitcoin this will close out the week and more importantly traditional equities markets open back up tomorrow morning now we've seen a large correlation between Bitcoin any traditional equities markets just just to show you guys again here we saw a large sell-off in the equities markets right this completely coincided with the large sell-off that we saw in the Bitcoin price then what do you know we see a slight uptick for several weeks here in the global equities markets right and what do you know a game my friends several weeks of upside action in the Bitcoin price my the main thing that I want to convey here is that it's possible as the global uncertainty continues to unravel here and new data comes in and in and in over the next several weeks it's possible that we are still going to see a close correlation between the global equities markets and the Bitcoin price okay whether or not you'd like to believe that that's going to happen that's up to you for me I look at this market like a realist the data has showed me that recently Bitcoin has been correlated to the traditional equities markets it is not performing as these moonboy delusional fantasizes would like to believe that it is it's a store of value Kirby the system's going down don't you get it everyone's gonna be buying Bitcoin really little James everyone's gonna be buying bit corn when they want to put bread on the table Phil they're their family's glasses up with water and you think they're gonna be foam owing into big corn sheesh alright now let's get to the analysis here my friend before I blow a gasket all right so right now I hope you guys see that I have these boxes here the red box all right this is the macro resistance slash support of the macro trend in my opinion which now because we've been trading from the bottom up into it is a resistance a potential resistance right just as trading down into it from the top end is a tentative support region right you see that trading from below and into it is a new potential resistance we are seeing resistance up at the top of this region right now and more importantly when we zoom in we are seeing resistance inside this white box in particular now this white-box symbolizes our three tops here and this is interesting because we could be forming somewhat of a tentative a sending bullish triangle right a series of higher lows and a series of equal tops relatively equal tops forming a flat line of resistance along the top and you know per classical technical analysis theory if we are to break to the upside here and close daily candle bodies above this resistance region we could see further break out to the upside right it's possible now as much as we'd all like for that to happen there's several things standing in the way in my opinion right that make that less probable okay although we're going to discuss if that does happen what could potentially be the outcome now this is just a historic price region here my friends that Bitcoin has respected for years at this point look let's go all the way back to 2018 it just respected this level over and over and over again I mean look at all of this right we saw a peak a support support support supported the whole way and then it flipped and and had the same exact respect all the way through 2019 and into 2020 actually until most recently we capitulated through it and we're back testing that for the first time right now and basically my friends what you would expect is when trading back up into it from underneath that it could act as a tentative resistance right so now we need to look for clues we've got that level right there that's just in and of itself a potential resistance zone we've already seen that the price action has topped out three times without being able to get above that very specific resistance and now if you look here we have the Fibonacci extension targets of this move here right from top to bottom this move and we have the honey hole of Dondon and carbon akio right here my friends right between this 0.618 and 0.5 we are inside that honey hole right now and my friends if you take an a close look here let's zoom in on the four-hour time frame now you can see that our two weeks here are highest wicks of this trend have just exact tapped the point six one eight and we haven't been able to get above it and Bitcoin has historically my friends loved to top out around these point six one eight regions especially within the honey hole between the point five and the point six one eight now this doesn't mean that it has to top out here but in a bearish trend this would be the area at least in my opinion based on the the correlations that I've seen historically here for Bitcoin that this would be an area of interest that we could see a topping out formation and another further retest to the downside now also on the daily timeframe we know that we have that death cross there between the 50 and the 200-day moving averages right I mean look at it ladies and gentlemen it's just heinous and actually one of the more important things right now is that this 50-day moving average is coming down looking to potentially tap into my red box of historic macro resistance there and potentially even make its way into our white box and a characteristic of death crosses is that we do sometimes see the price look to test up to the the crossed moving average before then further sell-off right and if this continues to move down here I mean it's possible that we get some algorithmic bot selling action when we get very close to that 50-day moving average if things continue to perform very bare asleep okay now in terms of targets to the downside well my friends I mean clearly I think that the only logical target to the downside for me at least is going to be a double bottom retest right and that's you know anywhere really between 5500 to 3800 I mean this whole range in particular and we do actually have an interesting region at around 5,800 right where we saw this level here went from resistance resistance resistance resistance to then I breakout and then upon backtest right after this region was broke through it ripped up failed support support up failed support and we haven't back tested that region yet again so if we do I mean maybe the Bulls put in some type of a resistance excuse me a battle for support around that region before a further test to the upside but my friends is very tricky because the more times that we get rejected up around this $7000 region without breaking through the more cell pressure this you know theoretically creates up here because if the Bulls don't have enough momentum to get through there I mean then the logic behind it is what is the incentive to be buying at these support levels if the Bulls have proven that they're unable to get above this region you see what I'm saying so you know for me if we lose this upward sloping trendline here this higher low trajectory right most importantly taking out around the $6,200 region and down if if we get rejected here again I mean even if we find some sort of a bounce here from the Bulls around 5,800 my friends this is looking like a classic bearish distribution range really just you know seeing sideways action below a multi-year area of critical support and resistance flips I mean at the 0.618 Fibonacci extension of the swing I mean I mean to me that's with a death cross right between the 50 and the 200 I mean for me my friends this is just overwhelmingly bearish still I mean I sure hope that that my analysis here gets negated I hope so because I would love for this to get very very bullish but at the time right now from a realistic perspective I'm just not seeing it and if we look at the moving averages here on the weekly as well we still are flush under the 21 the 21 is converging now potentially looking to touch down into this red box area of resistance as well just another indicator to throw into the pot the 21 has been a very very telling indicator over bitcoins history for the health of the trend still trading below that if we look here at our RSI you guys would know that I've been closely following a fractal for a very very long time friends let's actually show this fractal here okay and this is between the 21 week moving average which is pulled up there on the orange line and the RSI here now let's draw our RSI line and we're going to draw this right here let's get this across and what I want you guys to notice is that these two times in history there's actually one more if we went to the BLX chart but I'm not going to pull that up just now we'll just look at this for now these two occurrences here right and we've actually seen three now that Bitcoin really capitulates below that region when we're below the 21 week moving average on the weekly time frame and we're below roughly a 39 on the RSI we've seen Bitcoin capitulate I mean absolutely heinous heinous levels right I mean nearly 70 percent on that one down this one here was about 50 percent down and this one right here actually my friends you know was another heinous drop we can't truly see it because we just ripped right through it but right now we are testing up into a level here that you could see Bitcoin is now on the RSI getting up into a range here rather than a line right if we draw a little box here rather than just a line there's a ton of historic confluence in here right look a a bottom there bottom there resistance resistance bottom there bottom bottom bottom resistance bottom now we are back up into this range now on the weekly and that is roughly between the 40 and the 47 to 48 range so let's call it 40 to 48 here um if bitcoin is going to to see another major sell-off I would speculate that this could potentially occur with bitcoins weekly RSI somewhere between a 40 and a 48 right now at the time of recording it appears to be around the 43 so just something else to keep on your radar there my friends okay at this point in time I'm just not seeing anything majorly bullish I mean I hope that changes like I've stated I hope it changes but right now it appears to me that the traditional markets are set to open again tomorrow and if the news continues to be poor for the world economy and the situation with the you know the health concerns around the world right now I mean I think Bitcoin may see some large price action and for me right now the probability of the price action moving to the downside is certainly higher than it moving to the upside that doesn't mean that it can't move to the upside this is just a game of probabilities and in my opinion the probability of a downside move is certainly greater than that of an upside move let's get this crypto ok right now my friends I am preparing to potentially crush this move whichever way it breaks and it moves up great I'll look to play it to the upside if it breaks down I'll be looking to play that as well I mean there is going to be in my opinion some potentially life-changing trading opportunity here my friends you don't want to miss out if you're looking to see when I'm looking to enter and exit my trades if you want to see exactly how I'm setting up my trade set up ideas all of that my friends I will be posting all of my entries exits trade set up ideas strategy ideas etc all exclusively for you in VIP if you're not already in my VIP I mean my friends you you should already know that the don has literally since since way back at the top of this bull run I was creating video saying my friends 14k could have been the top based on the point six one eight Fibonacci extension target it did wind up being the top then the Don shorted this one right here right shorted this descending triangle that the moon boys were all buying in at notice all those people that bought up there they're not even in the space anymore right they fo mode at the top there they're gone now okay the Don shorted a game then the Don was looking at this one here my friends this could be the top again old multi month support flipping into new potential resistance it was and it dropped hard and my friends most recently you know the Don has been shorting shorting shorting my friends and most recently here the Don shorted this drop right here took a short in this region wound up closing down here I took another short here took a little profit here and right now I'm awaiting like a ninja and the shadows watching this trend like a like a hawk with an eagle eye preparing to strike like a Cobra out of the grass and get this crypto so if you do want to see how I'm setting up all of my future trades my friends I will be posting all of my trade setup ideas entries exits targets take profit zones all exclusively for you right now after this video in VIP if you are not already in my VIP sheesh today is truly the day it's time to transform yourself from average Joe into savage Joe let's get this crypto my friends I'll see you in VIP right now keep your eye on the traditional markets again the time frame for the 36 hours is purely because those markets are going to open there and they're gonna close we're gonna see the futures market trading I think very turbulent times could be ahead and most importantly Bitcoin is coiled up ready to make an explosive move in my opinion so mix that into the pot with the traditional markets potentially looking to show us some fireworks here on a new fresh week I think that this could be the the final straw here for Bitcoin before it makes its next major market movement and I'm going to be looking to potentially catch that move to the best of my ability to crush this market and get this crypto and that is exactly what I'll be keeping you up-to-date with in VIP as I set up my trades etc so I will see you in VIP right now after this video let's get this crypto and my friends if you could for the algorithm just leave a thumbs up and a comment anything my friends leave a comes up and a comment saying thanks Kirby get rekt Kirby anything I so appreciate it I hope you appreciate me and if you're brand new my friends don't forget to subscribe take the little bell and select all I do a realistic Bitcoin analysis like this nearly on a daily basis so if you're brand new I will be posting very frequently here as the chart develops you won't want to miss it so subscribe take the little bell and select all I will see you in the next one and my friends most importantly I will see you in VIP right now after this video let's get this crypto and until next time my friends the dawn has spoken be safe be happy be healthy it's your boy crypto Kirby peace and love my friends kerbs you you
This picture was downloaded google
