 So this weekend Bitcoin was pretty much all green. You can see that from Friday all the way up until Sunday we went up about 10.1% from the low of $32,000 all the way up as high as $35,950. So we almost got above $36,000. Now so far today we have been red. We're down about 4% on the day so far and we've gone as low as about $33,127. So far so good as far as the higher low that we were speaking about on Friday's video. We've maintained it. We've set it up. We've maintained it till now. We could even still go down but everything is on par for the moment. So let's go ahead and dive into the chart 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 as always is to empower you guys the community with the knowledge and resources in order to help you get to that next level. So make sure to smash the like button on this video and if you guys are new to the channel don't forget to subscribe. All right guys so so far we have kept these higher lows as you guys can see here when we set this low then a higher low and then a higher low. So this ascending support here is on par with basically $33,000 in the event that basically is where we've bounced off of from today just about less than an hour ago. We tested that $33,000 range right there which is in line with this support and we got a bounce back up almost back to $34,000 just now so that's all good news there. Now what we're looking for next here is a higher high. So remember we set this higher high here after we had a higher high and now we need to set another higher high if we want to continue with this pattern right so that higher high would be set if we broke we got a break above 36k and that should take us up to a new higher high. I'm thinking around $38,000 that's the next support here as you guys can see $38,000 has always played a big role with price action in bitcoin so that's where I'm expecting that next pit stop once we're able to get back above 35 and we can get above this previous high then 38 should be our next stop. So now if you take a close look at this current pattern that we have here on the daily time frame you will notice that it's very similar to this pattern right here and what this is is a flat top pattern. A flat top is basically when you have a ascending trend line with higher lows. Now it is a little different on the top because we do have higher highs as well but right now what we're doing we're using that Fibonacci level which is right around that 35k with the ascending support here to give us that flat top look another way that you can set this up as well is basically like an ascending channel either way we're currently at the bottom of this channel and we expect a move up of course that's as long as this support here holds. If the support here does not hold then we could possibly see some retest of these lower levels down here including $30,000 which was this and $38,000 which was this down here so it's definitely imperative for the price to hold here. Next let's go ahead and take a look at the updated Wycoff accumulation pattern that we have been tracking for the last couple weeks but before we jump into that let me tell you a little bit really quick about today's video sponsor Liddy Capital. 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Alright so looking back on this chart here the Wycoff accumulation pattern you will see that we're still in phase C so we still have the low here which was the spring and we had the test here right then we continued up and we've set a higher high and now a higher low than before so the pattern is definitely still intact the last thing that we're waiting for now is another higher high which would basically put us what I believe in is phase D of this pattern so as long as we hold these higher lows here we should be setting a higher high again my target here is possibly around 38k then we can expect a retest down here possibly back to 36 to 35k and then continuation to the upside so it would basically look something something like this where we test this error right here then go back up to around 40 and then kind of you know be stuck here for a little bit before continuing on to phase E so the most important things here to remember is going to be to set it to set up a new higher high to make sure that we keep we continue setting these new higher lows then we have the retest which is the last point of support here and then basically take off up to that 40 to 42k area which will be the biggest number remember 42,000 has been the number that has not let us pass by it was the number that basically put us in this range once we fell below it back here so that's the number that I believe with a move above it bullish sentiment should return to the market and we should see some nice moves back up to around the 48 to 50k range as far as trade setups that we're watching here the same thing as Friday if you guys entered Friday's trades we told you guys above 35k we were entering and you would have made some profits there so we're doing the same thing this week we're looking for entries above 35k and we're taking profits on the way up so as you guys already know 36k is a minor resistance here so we're taking profits on the way up to 36 then that next number that we're looking to get above is 38k so we'll have some long entries for short term set up there as well that's it for today's video guys thank you so much for tuning in make sure to smash that like button if you guys enjoyed this video if you guys are new to the channel don't forget to subscribe turn on that notification bell and if you guys have any questions about anything we just covered drop it in the comments alrighty guys let's see if we can kill it this week and make some nice profits so I will see you on tomorrow's video as always guys peace and love