 It has been an insane 24 hours for Ethereum not only is it up 11.5% in the last 24 hours but guys it's up 30% in the last seven days Ethereum crushed through that $3,000 mark but it didn't stop there. Ethereum has also blasted through both $3,100 and $3,200 without skipping a beat. Currently as of this moment we're dancing with $3,300 and trying to set yet another new all-time high in Ethereum. Oh yeah and Bitcoin's kind of been sleeping a little bit. So where will we go from here? Stay tuned guys you don't want to miss this one. 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 guys with the knowledge and resources to take you up to that next level. So guys make sure to smash that like button and if you're new here don't forget to hit the subscribe button and turn on that notification bell. If you have notification bell turned on let me know in the comments that you're part of the naughty gang. Let's jump into today's video. Alright guys so it was a bit of a choppy weekend but the trade setups that we gave you on Friday's video came through guys and we bagged some profits. Let's go over those trade setups. So the first trade setup that we gave you on Friday's video was the $57,000 entry point right. So we were looking for a break above $57,000 to enter the trade. So as you guys can see here this was a point here and like we said in Friday's video there's going to be a lot of consolidation in that area just like there was but once we got the clean break boom it shot all the way up to about $59,000 guys. If you guys use that entry like we told you to and use 10x leverage you would have done around 35% profits guys. Look at this huge candle right here this was a 2% candle it was a $1385 move and that was followed by another 1.5% candle. In Ethereum on Friday guys when we made this video guys we were at 20 we're below 2,800 we're around right here this is where we made the video on Friday the 30th this is the 30th right here guys we went and it feels like it was so long ago now right Friday was just two days ago it feels like it was so long ago guys we shot up when we broke through this 2,800 level remember we told you 2,800 was the level we wanted for that breakout guys we broke not only through there but we went up all the way and broke through $3,000 that was one of the main price targets that I had for Ethereum guys we have officially broken through that price target and not only through 3,000 we broke we went all the way up to $3,300 which is currently where we're at right now guys so if you guys entered the trade way down here at $2,800 and use 5x leverage like we did you would have done around 90% profit on that trade guys so if you guys took any of those trades congrats guys and if you missed out on those trades stay tuned to the end of this video we're going to give you guys new trade setups for the rest of the week for those asking where we trade with leverage guys if you've never traded with leverage first you need to understand what leverage is and how to trade with it so we have a video for you guys right here as you guys can see explained how to trade bitcoin with leverage we recommend you guys starting off with that video after that I recommend you guys going over to this one right here this is a bybit tutorial bybit is the platform where we trade with leverage so I recommend you guys to go over this video we show you guys exactly how to use the platform from zero to hero so if you guys want to trade on bybit just go down below to that description scroll down a little bit and hit where it says trade on bybit with leverage they're currently giving away a thousand dollars in deposit bonuses plus you can earn up to 600 more dollars in free cash using bybit so that's a possibility of over $1600 for free in bonuses all right guys so let's jump into the bitcoin analysis as you guys can see here currently we had a bull flag formed and then we had that breakout out of there and then over the weekend we had the same thing we had this big move up on friday then we had all this uh consolidation here which was basically a replica of exactly what we saw here right so we had the same exact pattern and then boom we had the breakout all the way up to 59 thousand dollars now you do see some weirdness here as you guys can see there's a huge long wick all the way down below 55k now this the price didn't actually go here this was someone either fat thumbed it which or fat fingered it it's called one of those things where basically they made a mistake and they sold for way lower than what the price was or someone is purposely trying to cause some sort of cascade of liquidations here and they were trying to get in cheaper and it must have worked because the price did go all the way down there so i'm not sure exactly how that works but i know that the price was down there for me for less than a minute literally it just it had that cell there was a cascade of liquidations probably but luckily it wasn't too many and the price just propped right back up and we're currently right back above that 58 thousand dollar area and this wasn't the only one there was another one that went down to about 56 thousand or so around the same time period which was very very weird as well so we will keep an eye on this and monitor this situation hopefully there's no more of those in order to prevent any type of stop losses when there's events like this instead of using a last price as what triggers your order make sure to use something something else you can use like market or one of the other options that they have depends on what exchange or trading on so this one was specifically on buy bit so if i go here to for example bitmex that you see there's no width there so that only happened on the buy bit exchange now as far as how the price is looking guys i'm still very bullish this week on bitcoin i told you guys after the options expiration date i was bullish and i was expecting us to test that 60 k rage again and to possibly set new highs this month in may you guys can see here that we did get rejected at that 59 k level but i am expecting us to go back up there and not only break it but then go and test that 60 k range as well that is what i'm going to be expecting over the next a few days possibly even the next few hours now remember that at 60 k there was a lot of resistance before you guys can see over here over here and even here it was a support so we have to watch that area as we've been rejected a bunch of times there so there could possibly be another rejection there that set that sends the price back down to around the 59 to 58 thousand dollar area but once we break above that 60 k level we should really the only resistance left should be possibly 62 thousand as you guys can see here which was a previous all-time high and after that we should be free all the way up to 65 thousand there should be nothing else after 62 thousand as a hard resistance that next one should be that 65 k range if we break 65 we could potentially see the 70 thousand dollar mark for the first time ever for bitcoin now in the event that we do see any type of pullbacks here we should be looking at that 56 thousand dollar range as a support here as you guys can see it was a really stable support there so i don't mind looking for an entry at that range also around that 55 to 54 k range is going to be the very next support if this one were to not hold for any reason as there was also a lot of activity in this range so i'm expecting one of those two levels to be able to hold the price up in the event where there's a scenario where we go down for some reason now of course we could definitely post another bull flag kind of like this one so we could possibly form something like this where it's a channel like that but it's kind of a weird bull flag because look how short it is i don't know we might we're currently we're in that channel so i'm looking for a break to the to the upside here where we can test that 60 k range so we'll be monitoring that as well throughout the week in ethereum guys you guys can see this clear clear clear this is a daily chart guys look how many green candles in a row one two three four five six seven eight nine nine green days in a row and just to keep it going today it printed a 11 move up guys in ethereum so we're currently at 32 88 and we're dancing right there with 3300 like we said earlier currently on the week we're up about 20 percent on the month we're up about 53 percent and then the last three months guys were over 100 and profit in ethereum now a break above 3300 should lead ethereum i would imagine up to 3500 why would it stop at 34 for right like there's nothing for it there minus well just go a little bit more up to 3500 and we're right there at the halfway point between 35 and 4k now thanks to note here we are overbought okay guys so make sure to note that we're overbought right now on the daily time frame you can see here last time we were overbought that's when we had that pullback before that if we scroll a little bit further we were overbought over here let's see what happened when we were there so we're over about for a while there before a pullback eventually came you can see that the levels there it was about around that 90 range 88 89 currently we're sitting at about 80 i would say so i mean we could possibly continue to go upwards but remember guys that prices don't only go up i know it might seem like it when you've had however many days in a row i think it was 10 days in a row that i that i counted but it might seem like prices only go up in ethereum but there are drawbacks and pullbacks here as you guys can see here 21 pullback here if we look at the daily we're also clearly in the overbought region and again if you look back last time we're overbought we had to pull back when we're overbought over here we consolidated mostly we didn't really pull back like we did here we mostly consolidated there until it kind of reset the rsi and we were able to continue up so i'm expecting some sort of consolidation or pullback it i don't expect anything major but something it has to it's not going to just keep going up so be prepared for that make sure that you're taking profits on any uh short-term trades we could see a possible pullback and and it tests retest you know 3200 3100 maybe even it could kind of consolidate its way back to uh 3000 before continuing um up but i mean before it does that we could possibly test that 3500 level so that's not out of the question we could definitely break out hit that that 35 range and then kind of consolidate its way back a bit before continuing on its way up so again i'm still very very bullish on ethereum i i definitely think that we might be able to see 10k by the end of this year remember there's an upgrade coming soon in the summer for ethereum which should also push continue to push the price up as ethereum is going to start burning uh coins once that upgrade happens all right you guys so next we're gonna jump into the trade setups that we're going to be watching for the rest of this week you guys don't want to miss this part guys we've been hitting on almost all of these every single week now in order for me to give you these trade setups guys you must like the video and be subscribed to the channel so go ahead i'm gonna give you guys a few seconds to make sure that you're liking this video and subscribing to the channel and as soon as you do both of those the trade setups will appear magically are you ready all righty guys we're gonna like the video at the same time on three are you ready one two three boom here are the trade setups for those who like the video for those who did not like the video at this point you're getting a different scenario a different video here where i'm going to show you fake trade setups so good luck with that all right guys so the first price that we're looking at here is pretty much right where we're at we're at that $58,000 mark now as you guys know there is consolidation here so you have to kind of be careful you kind of have to either have a wider stop or a tighter stop so that you minimize those losses and make sure that you're taking profits as soon as you're in profit right so uh 58,000 is going to be that first level where we're looking to enter trades and trying to catch it as it rides it back up to that $59,000 area and then above that of course we're looking at 60k 60k is going to be a main level if we break 60 we expect it to go up to 62 a break of 62 we're expecting 65 so those are the breakout trades that we're looking for as far as a pullback if we see any bounce entries is going to be towards this 57k area so 57k is going to be a good range to look for a bounce entry meaning that when it bounces back up that's when we're setting off that by order we're not setting it off when it drops down in ethereum as you guys can see right now we're setting new all-time highs so the entry i was going to give you guys was above 3300 because we're already above 3300 it can't be a breakout play anymore but what we can tell you it will be a bounce back bounce entry play so in the event that ethereum goes back down to 3300 we will be using that as a bounce entry in the event that it continues up as it is right now we're going to look for 3400 as that first entry and the second breakout entry is above 3500 so 3400 3500 two breakout entries there we expect a break of 3500 could potentially lead us up to that $4000 mark now in the scenario that we start consolidating downwards or setting up some sort of bull flag we will be looking for entries at 3200 and 3100 and of course $3,000 i don't see it going under $3,000 for any reason as at least not this week i don't see it doing that you know things cannot always change of course but those are the three pull back entries that we will be looking at 33 32 31 and 3000 we're interested in entering all of those as a bounce back entry all righty guys so we covered the trade recap from the weekend we did an analysis on both bitcoin any theorem and gave you guys some trade setups to make some profits this week so guys make sure to like the video if you haven't yet and if you're new here guys make sure to hit that subscribe button guys turn on the notification bell so you know every time we post up a new video thank you guys so much let's have an amazing profitable week i will see you guys on tomorrow's video as always peace and love