 If you're watching this right now, then it might be too late. Bitcoin is on the verge right now as I'm recording this video of breaking upwards beyond that $42,000 range right now. You can see that we've been flirting with that $43,000 range, which is the highest price that we have seen since May 19th. A breakout above this area could finally lead us up to that $48,000 to possibly $50,000 range. In Ethereum, the update is now in full effect, guys. You can now track the burning of Ethereum coins on multiple different websites. And you can see as they're being burned into different blocks, who's burning the most amount of Ethereum. You can track all of that now. This network update is very, very bullish for Ethereum long term. And we are expecting to possibly see $3,000 in the next few days. So let's not waste any more time and let's go ahead and jump into today's analysis. 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 you, the community with the knowledge and resources to take your wealth up to that next level. So if you guys enjoy this video, don't forget to smash that like button. If you guys are new to the channel, don't forget to subscribe and turn on the notification bell. Alrighty, guys, so enough talking, let's dive right in. So on Monday, we gave you guys a couple different trade setups to use to make some profit. So that first trade setup that we gave you guys was the pullback entry. So that pullback entry was $38,000. Now, of course, it did get a little dicey here over those couple days. We went as low as $37,282. But even if you were taking just taking that trade every time it bounced back over $38,000, you would have been able to grab profits on multiple occasions. Even if you got stopped out and kept playing that level, you would be in major profits right now. So that move from $38,000, let's say you bought there and you've held it this entire way up, you would have done about 13%, 14% profit. If using leverage like we do around that 10x area, that's around 130% profit on that move alone. Now, if you took profits on the way up like we did, then that's fine. We always say we rather take profits than not take profits and have a winning trade turning into a losing trade. So we're constantly taking profits on the way up. If you entered a breakout above $42,000, which was that next level that we told you guys to enter, that's still a move of about 2.95% or if you use around 10x leverage, that would have been around 29, 30% profit on that move. Now, if you guys took the riskier $40,000 entry here that we also spoke about on Monday's video, that was about an 8% move up from its current entry up to its current price. So that would have been about around 80% profit if you guys use 10x. We're not done yet, guys. In Ethereum, if you took that $2,500 entry like we did and wrote it up like we have, you're talking about 15% move. If you're using 10x leverage, that's about 150% profit on that trade. So here are a couple of our current open trades. As you guys can see here on this one right now, we entered. This is the one that we entered at 2,500. We've taken some profits along the way and we're currently up $7,500 on this trade. And that's just unrealized. That's without what we've already taken off profit. We've taken about 75% of our position in profit. Today, we will tell you where we plan to reenter with our full position in Ethereum over the weekend. That next trade is, of course, our Bitcoin trade here. As you guys can see, we entered at that $42,000 breakout just like we told you guys to enter. And we're currently up about $1,000. So we're up about $8,500 just on the day in the last around 24 hours or so in unrealized profits without counting the profits that we've already taken here in Ethereum. All right, guys, if those profits don't get you excited, I don't know what will. If you guys have missed any of these trades from this week, do not worry. Today, we will give you guys some more trade setups that we will be looking for and taking over the weekend. So right now, Bitcoin is flirting with $43,000. Guys, as you can see right there, we're on the verge of this breakout. So this breakout comes directly above this descending resistance that we have had since we hit the previous all time high. And it's we it's rejected us once and we're at it again. It's rejected us down here already one time. And now we're on the verge of breaking out of that. Not only this resistance, but we're on the verge of breaking into this next range up here, right? We're going to break out of this Fibonacci resistance level that's also here. We're going to break out above this previous all time high at $42,000. So $42,000 is a very important level, which is why we've struggled here. There's just there's so many things there at that $42,000 level. But once we finally clear it, once we can close above this $42K level and get some volume to really push this candle up, really push this price up. Guys, it's only a matter of time before we get into the top of this range, I believe. Because like we showed you before, if you look at the volume interest right in these areas here, look at this drop off in volume right here, right? There's nothing there. There's a gap of volume, right? There's not much activity in this range. And that's kind of what we're going into right now. So if we can get through this finish getting through this $42 area, then guys, we should see a pretty rapid climb up to that $45 to $48 range here. That's basically where there's the volume picks up again, right? The activity, the buying and selling activity picks up again at these levels. So that would be the next top of the range where there's going to be a lot of buying and selling, a lot of resistance. But here, we should see a push up into that range. I don't see any reason why if we can get some volume here today like we've been getting so far. I don't see why we can't just gap right up to that $45 to $48,000 range. And if we get there, then we're most probably going to get up to that $50 range. So don't be surprised if we get a big candle like we previously did when we broke above $42 last time right over here, right? And B, we can definitely run up to that $48 area, maybe retest the bottom here and then continue up possibly past that $50,000, back to that $52,000 area where we got rejected last time. It's been an area of rejection as you guys can see multiple times over. So that's definitely a possibility, something that's in the cards. And if we get above $50,000, then it's only a matter of time before the hype just builds back up. Everybody gets excited again. Everyone that sold, that panic sold, right? They start panic buying. That's the thing with panic selling. You end up panic buying and it just pushes the prices back up to possibly new all-time highs. So that's kind of what we're looking for here. We're going to see what develops throughout the rest of the trading day and what develops over the weekend. For those wondering about the Wyckoff accumulation schematic, I know it's been very popular since the drop. Here's an idea on that schematic where basically we've gotten through phase A, B, C, and we're currently, I believe, in phase D right here, as you guys can see. And it's kind of played out perfectly, right? We had the spring. We had the test. And then we've gone straight up just like it shows in the schematic. We had a last, basically a last test of support here. And now this right here, SOS, signs of strength, so it's only a matter of time before we go into phase E, which is basically rocket ships up to the moon, right? In Ethereum, we're seeing this green push up here towards that $3,000 area. So it's very in sync right now. It's very bullish. It's very in sync with Bitcoin's breakout as well as it's kind of approaching a big area where it could potentially gap up here. We could definitely see $3,000 maybe by the end of today, if not then for sure over this weekend. Potentially by the time you watch this video, we might be at $3,000 already as we're pushing up to that $2,900 area right now. But if we pull this, the volume here and the activity that we've been watching, you know, you can see that same drop in volume activity here, that buying and selling activity. There's just a huge gap here. So if we break out above $3,000, we believe we're going to reach the top of this range right here pretty quickly, which is around that $3,500 area. That's why in our last video, we spoke about Ethereum heading to $3,500 because it is a reality now, especially with $3,000 about to be broken here. So we're going to be looking for that play above $3,000, that breakout above there. And then our target is going to be $3,500 there. If we see any type of pullbacks here, then that same level that we're going to be playing on pullbacks is going to be $2,500. You'll see that's going to be the best level to be buying. There's just so much. It's held up so many times and we believe it's going to continue holding. There's a lot of volume, a lot of activity there in that range. So that'll be the support that we're watching. I don't think we get any pullbacks back down because that's a basically a $400 pullback at this point. But that's what we're watching for now in the event that we do see any pullbacks over the weekend since there is lower volume. But overall, we're very bullish with the update with Ethereum coins burning. Network fees are cheaper now. Ethereum 2.0 is coming. We don't see any reason why Ethereum cannot just take off here and potentially set new all-time highs very soon. Look at that, guys. Just hit $2,900. So far, we've covered the results of the trading week with the trade setups that we gave you guys for this week. We did an analysis on both Bitcoin and Ethereum. And now we're going to jump into some trade setups to make us all some profits. Because at the end of the day, that's what we're all here for, right? So let's go ahead and dive right into that. Before we dive into those, don't forget to smash the like button on the video, guys. It helps us a ton and it only takes you a second to do. So if you're enjoying this video, smash the like button. If you guys are new to the channel, subscribe, turn on the post notification bell. And if you have any questions, drop it in the comments. We're always happy to answer those questions. So let's dive right into these trade setups. So the first trade that we're going to be looking for here in Bitcoin is above $43,000. So we're almost there right now. Now this is a riskier trade because there's a lot of consolidation right now. Volatility price is kind of bouncing up and down within around $1,000 at this point. So maybe the safer bet here is above $43,422, which is the high of the day. So let's just make it simple and easy and even and set up orders above $43,500 for that breakout entry here. The next breakout entry that we would be looking to take is above $45,000. It's a nice even number, halfway to $50,000, halfway away from $40,000. So we'll be taking entries there. We'll be risking around 2% on that one, risking about 1%. I believe on this one right here, that $43,000 entry. Then on any pullbacks, we're looking to enter back at $42,000. Another around 2% risks there at $40,000. We'd be looking for a entry at that pullback as well. That one goes down to 1% and then $38,000. We're willing to do a entry there on a bounce back around 2% to 3% as well. Remember for bounce back entries, we're looking for the price to go below the number and then bounce back above it. Our orders trigger once it bounces back above that number. In Ethereum, guys, you already know the next level we're watching for is $3,000. So that is where we have our orders set up above $3,000 because we believe if we break above $3,000, we could potentially see $3,500 and we want to ride that up, right? So we're willing to risk on that one around 3% to 4%. If there's any pullbacks, then the only level that we're looking to play here on a pullback for Ethereum is $2,500. So anything in between, we really have no interest in. It's just it could go in either direction. So those are the two levels that we will be playing over the weekend in Ethereum. That wraps it up, guys. I hope you guys have enjoyed this video. If you did, don't forget to like the video. If you haven't done so yet, subscribe to the channel. If you guys are new here or if you haven't subscribed yet and turn on that notification bell, I hope you guys have an amazing weekend and amazing Friday and you make amazing profits just like we did this week. So let's go ahead, dive into the weekend. I will see you guys on Monday. As always, guys, stay safe and peace and love.