THIS MUST HAPPEN!! BITCOIN ENTERING MEGA-ZONE ~ MOST BULLISH INDICATOR FLASHES IN DAYS | WOW!!!

by birtanpublished on October 3, 2020

Wow in this video we have to talk about the biggest pullback that we could receive over the next few weeks that would still indicate a very bullish market a lot of you guys have been asking me you know what's the lowest we could go what is happening guys in this video specifically I want to talk about that absolute lowest this very key critical area that as long as this area holds I would not be concerned in the least and guys this might look a little drastic on some of these charts but I assure you these areas right here are key and we're gonna go over exactly why they're key

What why so many things line up and why this is important as well a potentially mega bullish pattern forming are we all overreaching right now are we being a little too cautious by thinking that the Bitcoin price could continue to go down over the next few days is this a very bullish pattern right here that we need to look at on the very small timeframes and as well one of the biggest indicators on the daily chart right here is just extremely extremely close you guys have probably heard about this Golden Cross move right here absolutely huge right here what does it mean you

Know what happens when we get the Golden Cross guys could this be coming at the exact perfect time so much to talk about with that and here is yet another view of this guys right around the $8,800 mark what does this mean guys we have so much to get into hole heads to do this Wow what is going on my little chupacabras this is huge I cannot wait to get into today's update so many exciting things to get over guys by the way congratulations last night to the winner on Twitter very cool stuff I actually picked myself there's about 300 different things here and as you saw

From that clip right there cuz i retweeted my own tweet out of 300 I ended up picking myself first and then I ended up picking a real winner because obviously I can't win and guys as well we do giveaway letters on the channel when we do the giveaway so that's huge there but I did get a few comments from people who were saying you know oh it's not safe to get letters from anywhere except the company and in part I kind of agree with that but if you guys did win and you didn't you know if you didn't trust me and you didn't want the ledger then I can just send you an equivalent

Amount of crypto as well so guys get your panties out of a bunch I'm not stealing crypto I'm not doing anything to these I don't know how to do that if I did know how I still wouldn't do it but as well guys if you want to play it extra safe and you do end up winning it don't want to take the risk then I can just instead send you some Bitcoin equivalent if that works as well with that being said guys if you did want to win a ledger or free Bitcoin depending on whatever you want all you to do is leave a comment below and you can

Achieve a sure you like make sure to leave a subscribe turn this place on weekends ding that bell and we can get right in to the console guys I had this sweet earlier today I'm not sure if you guys are seeing this but we're possibly seeing a real nice setup now what I was referring to in this tweet here in this tweet right here was a smaller time frame situation here with this potential falling wedge guys we've seen this once before okay back in the beginning of February okay break out again this one's very steep but we also saw it here guys back

At the beginning of January so in fact this is eerily similar we have seen these falling wedges over and over so far this is the most steep falling wedge but keep in mind we did reach that 10k level so that could have somewhat of a part on that again I don't think this pattern will repeat forever I don't think we're gonna get repeating fractals of falling wedges for the rest of all time and that'll be that'll be it guys okay but this is just a possibility to look out for on this chart we have seen these falling wedges before and we've seen them break out so it should be

Interesting to see we already have many touches confirmed on this falling wedge here okay so very interesting to look at look at this here here here here okay about four this is the one-hour chart so you see some wicks but you see the candles for the most part they're closing on this line here when our candles and so it actually even look better on the 4-hour chart but then guys we have here all of these touches at the top here here as well here as well so many touches this could potentially be a very nice pattern forming but that is a bullish pattern for the short term that

Is a bullish pattern for the short term however if we want to take a zoom back and really take a bigger picture look at all of this because guys I get some dm's and I get messages okay people are people are just like well where could the bottom be where could this this move be headed down to before we continue a rally up so we want to play it safe and we want to cover all aspects of this we want to make sure we just know every angle going on here similar to my friend's mom before she would let us have sleep over she would have to have a one-hour session one-on-one alone time

With her to make sure that she could trust us sleeping over in her son's house and let's just say that moment Sita knew had to make some chocolate milk am i right boys so much get into him so let's actually take a look here so we have to cover this ultimate like back zone to remain bullish okay we're gonna save that for a little bit but guys what you do know as well we have this Golden Cross coming together right here it's going to happen very very shortly here so that's one there's blue 50 moving averages crosses above this 200-day yellow moving average right here

Okay now that is crucial so usually that is a very very very bullish sign now we're having somewhat of a pullback right now guys okay you guys know we're in the midst of a pullback now has this happened before we covered this maybe about a month ago the last time that we had a golden cross here okay we had a massive rally again that was a very bullish sign and in fact a death cross is the opposite of that it's when the 200 crosses or sorry it's one of the 200 crosses above the 50 moving average so we had that right here and look what happened basically immediately after

Guys here we go straight we go straight down basically and that's when we saw that monthly a few month correction here going from 14k all the way down to about 6.5 K but finding some very nice resilience here remember nowhere near the lows that we received at the beginning of 2019 the very end of 2018 as well okay so that's one bullish sign we have to look at for look for we're gonna see this very soon so this will be exciting this week this is going to happen this week have been very shortly here and I think going into the end of this month we can see some

Very bullish moves because we have about two weeks before the end of this month and there's a lot of time in here we're gonna have a lot of time after this cross that we're still going to be in February and I think a lot of moves are gonna play out before then we only have a few months until the bitcoin having as well and I know there's a lot of speculation and a lot of interest surrounding that so guys I want to jump now to this okay let's actually go here so this is very important in my opinion so here we have this potential giant cup and handle forming okay this is about

This is the weekly chart so these candles look small but this is from end of October to potentially ending it that you know the beginning of February okay so a few months there and now a potential handle is in the making right here now nine thousand two ninety two hundred I think is a really good pull back area pullback target for this but I do think that there is the most extended level that this could go and still remain extremely bullish and there's a few reasons why okay so if this came down if this came down even to the 8000 and at the very very lowest probably to

84 or 85 hundred dollar level right here okay that would remain in is extremely extremely strong support zone this box represents extremely strong support and resistance okay there is so much going on here I really doubt Bitcoin price would just fall through this floor and that can bind with this guy's the biggest indicator of a bullish market in my opinion is when we had that cross here back on January 13th Bitcoin went from 8400 to the 10,500 everyone got insanely bullish when we had this cross so the 21 week moving average is key and right now

The 21 week moving average is actually right here at about 83 or 84 and by the time that's come down we'll probably be around 83 or 85 hundred US dollars so right around this area here guys so if we did have a come back down to here not only what would be in this very strong zone it would be perfect for a pullback for this cup cup and handle of where the handle could pull back to okay we have a handle come down here and then if we had a bounce here that would be insanely bullish because again we have this support we have such strong support here of this 21 week moving average so that

Is absolutely crucial there if we're able to maintain that and find some support guys that's what I'm looking at okay so as of right now we're looking on the weekly chart let's look at this worst-case scenario let's say we don't turnaround in price this week what can we be looking at over the next week two weeks three weeks moving ahead and still remain very optimistic guys you might be wondering like how do I stay optimistic this is exactly what I'm showing you now is exactly why okay if we get the pull back down to here in this zone again right here there has to be such strong

Support and again same thing when we fell through here and then failed to break through it again that's another thing that triggered this massive sell for about 10,000 down to the six thousand five hundred dollar level and we broke it again guys this thing really wants to break above it this has happened before where Bitcoin does get above the twenty one week okay then fails to hold it and then tries to do it again so let's actually zoom back the 21 week moving average because this charts longer we can't do it on the other chart cuz there's not enough data we go back

The 21 week moving average let's go to this guy's the 21 week during the 2015 market look at this we already covered this but this is huge okay you see it fall below here this blue line fall below and then it retest it right here okay retest to get above it and that just pretty much it was off to the races there so we see it fail once we see a fail once to hold that to stay above that but then you see it come back up and again same thing you see with actually the 50 and 200-day moving averages the Golden Cross and the death cross same thing was going

Back on here in 2015 during that market as well same exact thing happen it took two times so now we're entering the second time okay so it really if this holds then this is actually a beautiful representation and almost an exact repeat of similar market situations going back to the last full-on bull market at the very beginning of the last bull market and again if anything we theorize they were actually the beginning of this bull market okay we're not in like a full-fledged bear market or sorry full-fledged bull market where everything's insane and we're getting

Massive gains this is nothing yet if we're in a bull market this is a very tippy tippy top of the bull market we're like maybe 1% through a bull market if anything this is really the bull market this is the literal beginning of the bull market so again these are crucial times here because we're getting this cross okay we have the 21 week moving average that I'll have to hold support at the very worst case scenario it needs to hold above like the 83 84 hundred dollar level very worst case we could come down to 8,500 guys in the next week and still be at all-time highs within

The next few months basically me saying that is we could come down over $1,000 from where we are right now in the next week and we could still be in an incredibly the most bullish incredibly bullish setup let me try and say that again I don't know if I'm wearing that red we could still drop another thousand dollars this week and we could remain extremely bullish well say we go below that then we change the tune we go below eighty four eighty three hundred US dollars significantly and we have some daily closes below that then that's a different story

Then we have to start being bearish guys okay we have to be realistic at that point however right now we are so much above some very key levels that we have a lot of room we have more room for a pullback we have plenty guys as you saw in this chart here we've had rally after rally on these smaller timeframes for the past few weeks and that has given us a lot of leverage and a lot of room to even have some more downside going forward for the next week or two okay we have some room we could break down here we could go down to some of these levels and still remain bullish so that's what

We have to watch out for so guys thanks so much for watching and I'll see you in the next one

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