 Great news, guys. Bitcoin was actually able to hold that 35,000 mark over the weekend, and it did not sell off like it did the previous four weeks in a row. So today, guys, we're going to go over this new pattern that we're currently watching in Bitcoin, and we're going to tell you why it's possibly a really, really good sign for Bitcoin this week. Plus, then we're going to go over Ethereum, and we're going to show you guys how Ethereum has been holding up very, very strongly compared to Bitcoin. The only thing holding Ethereum back right now is Bitcoin. And then, of course, guys, like we do every single Monday, we're going to go over different trade setups that we're going to be taking ourselves this week to potentially make you guys some profits. Let's dive right in, guys. 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 traders. The goal of this channel is to empower you guys with the resources and knowledge to help you get to that next level. So make sure to subscribe, like, and share this channel. Also hit that notification bell as we continue to spread this knowledge and mass cryptocurrency adoption. Alrighty, guys. So today, we're doing the trade recap from the trades that we gave you guys over the weekend on Friday. Then we're going to do an analysis on both Bitcoin and Ethereum. Then after that, we're going to give you guys the trade setups that we're going to be watching and taking this week to make you guys and make ourselves and everyone else some profits. So first things first, let's go over the trade recaps from the trades we gave you guys on Friday. So the first trade we gave you guys on Friday was a Bitcoin 35K support entry. If you guys took any of these trades from the 35K support entry and you wrote it up, congratulations, because this wrote up all the way to $37,500, guys. That would have been, if you were using 10x leverage, that would have been a plus 71% profit, guys. So congrats if you took that trade. The second Bitcoin trade that we gave you guys was a $36,500 breakout entry. So you would enter the trade above $36,500. If you were able to enter that as well, as you guys can see right here, that would have been the entry right around there. And that wrote up to the same price, $37,500. That would have been a 27% profit if you use 10x leverage. And then that was the two trades that we took for Bitcoin, the one trade that we took for Ethereum, because we gave you guys two trades for Ethereum, but one of them didn't hit. The second one did. So the one that didn't hit was the 1,100 entry, but the one that did hit was a 1,200 entry. So if you guys entered that 1,200 entry right there, it wrote up to about 1,300 almost, right? It wrote up to, I think it's over here, wrote up to $1,294. So that would have been a 39% profit if you guys used 5x leverage on the Ethereum trade. Alright, so let's go ahead and jump into these analysis. So first thing we're going to look at, of course, is Bitcoin. So we're watching Bitcoin over the weekend. Not much happened. It just kind of consolidated in the same exact range, right? So it's been trading between that $38,000 range, the top of the $37,000 and $35,000. That's the range it's been trading on, right? You guys can see every time it's been down here, the dip has been bought. Every time it's been up here, it has been sold, as you guys can see there. So it's currently trading in this range, which is a good thing. So if we're consolidating like this, this is actually very good. The more that we consolidate, the bigger the next move will be. So if the volatility slows down, and as you can see, something that could happen right here, that could mean a big move coming up for Bitcoin very soon. That could probably shoot us up to that $50,000 range that we're all waiting for, right? So this is what we're currently watching right here, right? So what we're watching here is this symmetrical triangle, right? So this is the top of the symmetrical triangle. This is basically the bottom. It depends. You could also have it down here, and it kind of connects. But just for the purpose of this one, we're just putting it at these two points, right? Now you're probably asking what is a symmetrical triangle, right? So symmetrical triangles occur when the price is consolidating in a way that generates two converging trend lines with similar slopes. So what can you expect from a symmetrical triangle as far as the price movement? So usually the breakout or breakdown targets for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point. So now you know what a symmetrical triangle is. Let's go ahead and put it to use in this exact scenario. So I'm going to draw a line from the peak, the highest peak to the bottom of this triangle. So that's more or less where it's at. Now let's go ahead and move this to the potential breakout area. So if I now grab this and move this to where it could potentially break out, let's say broke breaks out here. Look at this, guys, the potential breakout movement, if we were to continue consolidating right here and ended up breaking up at breaking out at this point, then we're talking about what is this 49,000 49k. So that's close enough to 50 to call it 50 guys. This would this would lead us to that $50,000 mark that we have been talking about guys, 50k. So if we continue bouncing within this range and if you start to see it within these within this week really tightening up just like this, we could be in for a breakout that will lead us right to $50,000 guys. Now of course, this could also break to the downside. So we always have to look at both scenarios. You can't only just look at one scenario. Now the reason that we're looking at the bullish scenario first is because we're we're following the trend, right? The likelihood of the breakouts are usually with the trend. So the bearish case scenario would here would be a breakdown to the downside, right? And that would lead us till around right here, which is that $26,000 mark as you guys can see lots of support here. So and this is also where the 78.6% Fibonacci retracement level is. So if we were to see a breakdown, that's kind of where I'd be expecting it to go around this level right here, the bottom of it being around 26k, possibly bouncing at the 78.6 Fibonacci level. And remember, we still have this 61.8% Fibonacci level, which is also 30k that could hold us up, which held us up here and here. So those are the two different case scenarios for Bitcoin. Obviously, the higher probability and higher likelihood is to the upside, but we have to be realistic and look at both sides of the coins. As always, you want to be prepared no matter what happens, right? Alright, so now let's go ahead and take a look at Ethereum. As you guys can see, very similar pattern, except it's been holding up a whole lot stronger than Bitcoin. As you can see here, guys, Ethereum had a very, very bullish pattern here, which did break out to that upside, but then got taken down when we had that sell off last weekend, right? After that, though, it's been pretty bullish, as you guys can see, it's just been kind of grinding up. And right now, this is currently a bull flag that we're watching here, right? It's a terrible bull flag, but this is a bull flag that we're currently watching. And you see this resistance right up here. So this is that descending resistance. This is the same symmetrical triangle that we're watching here. So we're currently at the top of it. You see on Bitcoin, we're currently at the bottom of the symmetrical triangle, while on Ethereum, we're at the top of it, right? Now remember, if we use the same rules for symmetrical triangle breakouts, we're going to go from the top of its peak to the bottom, right? The bottom is more or less around that 900 range. So we're going to put it right there. And then we're going to grab that. Let me zoom out a little bit here. We're going to grab this and put it right here where this breakout would occur. And obviously, this breakout could occur from anywhere on the triangle. I'm just putting it at the end in the scenario where, you know, we kind of went back down and kind of, you know, did this right here. And then boom, that would be a basically by the book pattern chart pattern, right? Remember, the all time high free theorem is around that 1400 mark. So this would not only crush the yearly high that we've had, right? But then it would crush the all time high and move up to $1600. And this will put it here. This pattern puts it here by the end of this week. So yeah, that's a pretty crazy pattern. But according to the rules, if you follow the rules of a symmetrical triangle, that's the possibility of what could happen. That's the implied move, right? So we're going to see what happens here because this could also be interesting. The breakout could actually happen towards here. If we kind of continue within this little range right here, and then boom. So if the breakout were to occur there, then that move could potentially take us up to around $1650. As you guys can see on the top of this right here. So now, like always, we want to look at both scenarios of this move. So let's see what it would happen if we broke to the downside, right? So if we broke to the downside, now we're looking at basically a 100% retracement from its breakout over here, which was around that 700 range. That would be literally be a breakdown from here would mean a 100% retracement, as you guys can see. Guys, I hope you're enjoying this video so far. I hope you have got a lot of value out of both analysis for the Bitcoin and the theorem analysis. Now we're going to go over the different trade setups that we're watching this week. If you're enjoying this video so far, don't forget to subscribe guys and hit that notification bell, turn it on. Because like we said, we're about to give you guys some trade setups. And if you guys will end up not having a notification bell on and watching this video a day later, you might have missed a trade setup already and missed out on these profits. All right, so the first thing that we're going to look at is Bitcoin here. So 35.5 is a possible entry that you guys could use. So that's one entry that I would say if you have a bigger risk tolerance, then you can take that entry at 35.5 and have a stop basically your stop is going to want to be kind of around this level. So that's around 34. It's going to be under 3500, right? So you want to stop under 3500, but you want to make sure that you're under these candles here. So you're looking at probably like 37, 800 for your stop. But if you don't want to take that such have such a wide stop, then you want to look for an entry at 3500, right? And we want to see if the price respects this ascending support line here, right? So that's kind of what we're watching. I would love to have it right here where both of them meet, right? That would be the sweet spot. That would be right around that 35K. So that would be the perfect spot. Next would be a breakout entry. So now the breakout entry, it's going to be a little tricky. And it depends how safe you want it to be, right? So the higher risk breakout entry, but higher risk, higher reward, right, is 36K. So 36K is that first breakout entry, which is around right here. But this is the thing, as you guys can see here, there's so much consolidation here, right? So what could what's what could happen here is if you set your stop losses too tight, you're just going to get you might just get stopped out, right? So of course, the idea would always be, you know, to buy in on the bounce back up and hope that it doesn't drop like this back down, right? But it's a possibility. So it's a riskier one. Now, if you want to try to look for something a little bit safer, now, then you can play above this candle right here, which is is going to be just before 37K. So the breakout entry, you would use this candle plus the whole number 37K to as a breakout entry. And that could lead back up to the top of this range, which is the top of that 37.5 to 0.7 range, right? And then the safest one would probably be a break above around the 38K, because it's above all of these and it would be a weekly high basically. Now, the issue with that is if the price respects this descending resistance, then that 38K breakout, you would probably need to trell it pretty aggressively. Just in case we get rejected here, you kind of want to stop out in profits, you want to make sure that you're taking profits there. And then there might be, you know, all of this going on here. And then the potential breakout would be there. So if you're looking to play the breakout above this triangle, right, then you're looking for something above 39,000. So 39,000 would be that point where we're above all of these candles, and we're above this, the triangle, right? So that would be this level right here is where you would be looking to enter a breakout. Now you have to keep in mind, there is resistance at 40K. The way you could play this is to take profits as close to 40K as possible in case that happens again. And then to have a brand new breakout entry right above 40,000. Next, let's go ahead and take a look at Ethereum, as you guys can see currently trading at 1219. So how are we playing this? So we're looking for entries as close to this support and this Fibonacci level here as possible. And that's also a big hole number 1200, right? So you'd be looking to enter on a test of 12 and then a bounce back above it. And then you want to be trailing it pretty aggressively because remember, we have this descending resistance right here that's going to get closer and closer. So the closer it is to this part right here, then avoid that you don't want to enter that you want to enter above the break. So to enter above the break, then you're probably looking at an entry above 1250, I would say. Somewhere above 1250. And if you want to play it as safe as possible with the breakouts play above this candle, which is right at $1300 probably, and that would be a confirmed breakout from this triangle. Remember that we have this resistance right here. So make sure that you're trailing it as soon as you're in profits, you want to be trailing this aggressively because if we get rejected there, you want to be able to trail out in profit. And then what you could do is have a breakout entry above this price as well. So that would be above 1350. And then of course, a breakout entry above the previous all time highs. Now if we bounce down here, if we get taken down here, we're looking at support entries down at these levels, right? So that's around that 1100 range. And that's what I'd be looking at for a support entry. Of course, we're looking for it to test and then jump back up. And then this is where you buy. I appreciate all you guys, man. You guys have been killing it with the views and the likes and everything, man. I appreciate you guys so much. If you enjoyed this video, go ahead and hit that like button. Make sure you're subscribed to the channel because over 75% of people watching these videos right now are not subscribed. Punch that subscribe for me, guys. I appreciate it. Enjoy your Monday, guys. I will see you guys mañana for the next video. As always, peace and love.