 Ladies and gentlemen, we finally got the breakout that we have been waiting for as you guys know We have been talking and talking and talking about this ball flag Right here on the Bitcoin charge for the last few weeks now then last week We finally got that initial breakout here that move up beyond this Descending resistance line then we got a retest here as you guys can see and Saturday Sunday and today we got the Official move to the upside so today We will be taking a look at the charts and see what we could potentially be Expecting for the rest of this week here now that we are moving back up and potentially Continuing up from this pattern right so let's go ahead and see what we can expect this week Hey, what's up Jay here and welcome to Bitcoin daily bringing you guys the best tips tutorials and ideas to help you guys become profitable and Successful investors the goal of this channel is to empower the community with the knowledge and resources to take your wealth up to That next level so if you guys enjoy this channel make sure to subscribe Turn on notifications. If you enjoy the video, don't forget to smash the like button So let's go ahead and dive into today's analysis All right, so as you guys can see here This is this right here is the bull flag that we've been talking about and then finally we got the break to the upside we had a retest which meant that they retested this part right here and Boom right so I'm looking at this pattern and Seen the breakout right the next question is okay So what is the price target for this breakout and I believe we spoke about this on Monday's video if we did not then it was probably on one of the YouTube shorts that we did but basically The way that bull flags work is like this, right? You measure the beginning of the move to the top of the move to the end, right? So this is called an impulse move then what happens here. This is what's considered consolidation this is a very very common in when there's moves to the upside and the downside basically the move gets exhausted then it has to consolidate for a while and Then it basically continues up, right? So then the next question is okay So if it continues up then where is the next move going how can we figure out the price target? So the way that the bull flag theory works is that you measure the bottom and top of the impulse moves and Then you get that measurement and you put it you put the measurement where the breakout happens on the flag So for this instance the breakout is happening right here, right? So that's where we put the measurement that we took of the impulse move that gives us the potential Target for this next impulse move to the upside So the target that this is giving us right now is eighty eight thousand dollars for this next Move up now This is very in line with what a lot of analysts are saying about the moves coming up plan B Is predicting ninety eight thousand dollars in it by the end of November and a few others have also predicted anywhere between Eighty to ninety thousand dollars. So this kind of puts us right in the middle of all of those predictions They're using, you know, their own methods. The method that we're currently looking at here is just the simple bull flag pattern And bull flag breakout method, right? Analysis so now when is it gonna happen? How long is it going to take? You know questions like that It's very difficult to say because a lot of times it just happens when it wants to happen, right? But the potential is there guys We're currently one thousand dollars away from the previous all-time high a break of this all-time high will lead to of course Increase volatility increased volume and probably a sharp move to the upside remember the last time we broke the previous all-time high We ran up about two thousand dollars over the previous all-time high I can expect something similar here once we break above this previous all-time high Which could be today could be tomorrow could be you know sometime towards the end of the week We don't know but what we do know is once we do break above it We should start to run up possibly up to seventy thousand dollars maybe even further if we pull up the Fibonacci extensions here and to see what target to gives us You can see that it gives us this target here is going to be the basically the next target after we break above the all-time high And that's right at around seventy four thousand dollars So I mean are we gonna go from sixty seven to seventy four I don't think it's we're gonna have a straight shot there But there is a potential that we can shoot up to maybe once we break above 67 we can shoot up to seventy right and then then and you know it'll consolidate for a little bit and then Continue up and then maybe we can hit this target, you know in the next week or so So it's hard to put a time on it, you know, we don't know a time How long it will take to get there but the potential is there once it breaks above those levels now Remember that November is historically the most bullish months for Bitcoin So a lot of people are predicting that eighty to ninety thousand dollar target just for November Which is crazy because it's about this there's we've already gone We've gotten through the first week of November you can see that so far We're up about seven percent seven and a half percent on the month remember that we spoke about potentially having a forty two percent Month and that's actually exactly what this target here is that's forty two percent So if we get that forty two percent month that would put us anywhere around eighty eight thousand dollars Remember last month we had around a forty percent month. So it's doable guys. It's just it's big numbers So for some people it seems impossible, but remember guys Bitcoin always makes the impossible possible So some support and resistances here as we continue to move around this area here Obviously the first resistance that we're facing is the previous all-time high at sixty seven Beyond that the next notable resistance is of course gonna be seventy thousand. It's a big whole number So a psychological resistance should lie there for sure if we get any downside this week Then the first support here is of course sixty five thousand dollars. That was a previous all-time high So that's always going to be a support in resistance now beyond that then the next support would be Sixty two thousand dollars, which is basically this range right here where we were consolidating within for the last couple weeks And then beyond that is sixty thousand dollars Hopefully we don't have to worry about any of those supports and we just shoot up this week So now that we pretty much gave you guys some ideas some, you know possible movements for this week Let's go ahead and cover some trade setups that we will be watching Ourselves and we will be watching for our members this week But before we do that make sure that if you've gone this far in a video Don't forget to subscribe if you're not subscribed yet turn on those notifications and smash the like button on this video It helps us out a ton. We put in a lot of work a lot of time and money into this It only takes you guys one second to click the like and it's free So let's go ahead and dive into those trade setups So the first trade setup that we're watching here is going to be on the break above the previous all-time high So you could either now you can play it two ways. You can either just use the sixty seven thousand itself The thing with sixty seven thousand there could be fake outs at sixty seven thousand because the actual all-time high is sixty seven one sixty seven So there is potential That we see, you know that we touch sixty seven and then we get rejected back So if you want to try to avoid that you can set up your entries above the sixty seven one sixty seven So you can set it up like at sixty seven two hundred either entry I don't think it's bad you as long as you use stops and you manage your risk Appropriately if we get any pullbacks here the first level I have of course and watching for a bounce back entry is Sixty five thousand dollars the second level that I'll be watching for is Sixty two thousand dollars and then the last level is sixty thousand dollars. These would all be for bounce back entries Remember on bounce back entries. We're not buying on the way down. We're buying when it bounces back up above that level So we so we in essence Enter back in the on the trade like it to break out above the number that is it for us today guys I hope you enjoyed this video if you did don't forget to smash that like button Don't forget to subscribe to the channel and turn on notifications If you guys have any questions about anything that we covered today Don't forget to drop it in the comments will be more than happy to answer those questions for you Hope you guys have enjoyed this video. I will see you guys on the next one as always peace and love