by birtanpublished on September 30, 2020

Wow would you look at these charts
there's a message they're telling me and
I cannot wait to show you what we're
seeing well took out my toes and boat my
nose there is a huge potential that we
will finally receive some sort of a
relief rally tomorrow we have four
different things we got to show you on
these charts and guys they might be
pretty exciting I know we've been pretty
bearish in the last few updates now
there's so much to consider in the
overall global economy but guys looking
on bitcoins chart this would be the
absolute perfect time to receive a
bounce going into the next 24 hours we
want to show you on these charts why so
many things line up and why the
possibilities could really be showing
this for one we have Bitcoin bouncing
off of this legacy structural trendline
here absolutely key we also have this
gap being filled finally okay guys we
really have to get into detail and talk
about this okay we've been talked about
this for weeks and now this is filled as
well absolutely huge not to mention we
have this potential inverse in head and
shoulders also being fulfilled now this
is actually a real pattern we have a lot
to talk about in regard to that because
the implications of that could be huge
and as well on the Bitcoin weekly chart
it looks as though a very significant
hammer candles been formed here and
we're currently resting right on the
0.786 so with all of that in mind we
have to get into detail and say well
over the next day or two we could
actually be seeing a huge turnaround in
the price guys even if the price of
Bitcoin it does continue to decline over
the next few weeks we should be
receiving a bounce period okay so again
we're gonna get into detail with that
and show you why that just might be the
case so guys grab your juice grab your
snack because guess what Tyler is back
wow wow what is going on my tiny men and
women welcome back to another
enthralling episode of Bitcoin today we
have so much to really get into detail
and cover in regards to this guy's you
know I've been pretty bearish over the
last few days and so far that's actually
been correct we've been seeing a
pullback now guys you already know when
there's pumps there's dumps and when
there's dumps there's pumps so is this
now the perfect time you know within the
next 24 hours
probably in tomorrow's daily candle is
just a perfect time to receive a pump if
we get a pump here will that mean that
the price actually forms into a very
bullish pattern
or could we as well get a pump and then
continue a downtrend that's what we
really want to analyze and look into in
today's update so everyone thanks so
much for joining me here before we get
into the technical analysis make sure to
drop a comment to be entered for this
legend I have to do is leave a like
subscribe and turn on the dings and
you'll be entered guys we're gonna be
giving this bad boy away actually very
soon maybe in tomorrow's update or at
the end of the week but definitely very
soon leave a comment below and let me
know what you think and guys make sure
you shoot me a follow over on Twitter
tweeting all day today absolutely
phenomenal wouldn't want you to miss
these updates we have a lot of fun over
there so guys let's actually start out
here on the weekly chart and this is
actually very important so if we take
the Fibonacci and we we've talked about
this is the Fibonacci we've been using
on the weekly chart for a few weeks now
we cut off these wicks here and here and
we just measure by the bodies because
we're actually finding support right now
right on the 786 we found a lot of
resistance right in that golden pocket
the point six one eight and the point
six five now you saw us get pushed down
there but currently we're finding some
support actually here okay we've
actually just been falling down and down
through supports so is this finally
maybe a significant area but honestly if
this is significant I don't think we
would spend a lot of time here I think
we would really need to push back up to
at least the 21 week moving average over
the next day or so to remain to keep any
sort of bullishness right now okay oh we
really would want to get back up here to
that $8,500 level maybe trading here for
a few days but this is key okay so you
see this year maybe we really are
finding some support right at the 786
right here you guys absolutely crucial
to look at that now the second thing
guys this is absolutely huge we've been
talking about getting a pullback to this
as one of our lowest targets for weeks
and we've actually come down here you
can actually see we came right down to
the 77 right here and bounced now
currently will that bounce continue will
this current read daily candle it just
opened up ended up being a pretty nice
green candle we really want to take a
look at that now guys the last time that
we actually touched and came down to
this legacy trendline we actually did
something very similar we didn't
actually come all the way down to it but
we came very close to it right about
about that 65 back in December of 2019
and you saw what happened guys okay we
came down here and then we had a massive
bounce above that now are we in store
for another bounce
like that now but if we do want to see
any sort of reinforcement over the next
few days we would need to get it bounced
soon okay as you can see on this chart
just taking a quick glance at this chart
what is one thing that is glaringly
obvious okay whenever we have giant red
candles we do have even in a situation
like this some sort of necessary relief
rally even as this pattern was
continuing down and ultimately formed a
very bullish pattern we did have some
green immediately okay after that pump
or after that dump same thing here dump
immediate pump okay guys so we
definitely want to look out for that
because we've just been getting battered
and beaten for the last three days
straight going from 9200 down to seventy
six hundred dollar range right that's
seventy seven hundred dollars okay
almost two thousand dollars now we do
have to take into account this is the
only reason why I've been a little bit
more bearish lately is because of
traditional stocks okay again I think
they'll decoupled over time but without
this if if the stock market was
basically doing this over the past few
days guys no doubt in my mind would be
above 10k right now
absolutely not but that does not mean
doom and gloom right now because again
is for reasons we're gonna go into as we
continue this episode this is not a bad
sign at all we've really sold off so
much and we can take a look it really
looks like we could potentially be
setting up for some sort of relief rally
right now even if it's not long-lasting
but again that's eighty five eighty six
would be the lowest that we would have
to bounce here and remain bullish okay
so if we did get a bounce at the very
least we would have to touch on the 85
or 86 hundred dollar level and as well
we have finally as of today come down to
actually touch what could be this
inverse Head & Shoulders that we've been
talking about for weeks look at this
okay you guys can see it here in the
purple now this is absolutely key I
pretty much say this in this cup and
handle is not something we really gonna
watch anymore as it's been absolutely
falling as the last few days it looks
like this was very much so potentially
gonna be the case there and you see it
absolutely break down from that Bear
Flag that bears like you can see here
but we'll get into more detail on that
because yeah we could see this inverse
head and shoulder playing out since the
very beginning of September of 2019 so
you know five six seven months in the
making this pattern has really been
forming so now if we're gonna see
anything out of that we should see a
bounce soon even if it is temporary and
then climb up
along this and we could ultimately end
up retesting this guy's but it's so
heavily dependent on so many things
right now but for right now we're seeing
a bounce at a very important level that
we just talked about in those other
charts but then again as well here okay
so potentially a very bullish pattern
being formed on this timeframe and on
this chart here even though it looks
very bearish we could see this very
bullish pattern being formed out of it
and as well guys so important to note we
have filled this gap down to 77 you can
see we've actually filled it this time
you can see this here we completely
filled the entire thing this gap no
longer exists
so it should be very interesting to see
if we have the momentum to push up over
the next few days going in to the middle
of this month and guys you know as you
can see here we talked about this on bit
Rex's chart that's very odd anomaly here
that's very long wick as we talked about
in yesterday's video this was not the
end of it we ended up coming down you
know about 500 more dollars currently
we're getting a little bit of a bounce
though but again the key question on
everyone's minds will tomorrow bring it
bounce will tomorrow or even the next
day we can give it maybe 48 hours but
will we see a nice relief rally even as
the stock markets were getting hammered
last week there were some green days
okay it basically the middle of the week
now we had a horrible horrible day today
if we do get maybe even a temporary and
other bounce in that market maybe even
not we might not even have to factor
them but again we do need to see a
bounce with Bitcoin here to remain
relatively healthy now I find this
rather interesting as well people are
calling this pennant here this triangle
and if this is in fact a triangle here
then we've basically just touched on the
bottom of it for the third time all
right the first time was back in
December of 2018 as we were setting this
3000 $4000 lows and then again back in
the end of 2019 so literally a year
later December 2018 December 2019 and
now again here you know in the beginning
of March 2020 so if this pattern is to
remain true at all we definitely need to
see it bounce here somewhat soon because
we're already at the bottom of this okay
guys now this may be the next time we
come up to here and again this was
playing perfectly with the inverse head
and shoulders that could be absolute
blast off some but we really need to
wait and see I have no doubt in my mind
that if the regular economy was just
normal right now we would 100% be
leaning towards that as a major blast
off but yeah we definitely have to wait
and see for that and guys something I
find really interesting is well with the
halving coming up so close to now okay
this right here to having which I
actually think is a little bit sooner
than this right now
it actually has been adjusted it's gonna
be a little bit sooner so only a little
longer than a month away I believe
because of how strong of a downturn
we've had going into this will there be
an equal and opposite reaction to the
upside going into this having like we've
seen in the past okay again all of this
still is relatively normal going into
the having's but again going into and
then shortly after the having's we
always do see pump so that's very
important to keep an eye on so guys let
me know what you think really excited to
see what goes on with that as well again
thanks everyone so much for buying the
course guys another update huge update
coming soon we've been hearing great
things about it and I would love to hear
from you as well if you have purchased
it remember once you buy it once you
have it for life and we're gonna
continuously update this bad boy and
again for a limited time still we are
still doing 50% off with code googors so
guys thanks so much for watching and
I'll see you in the next one

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