 By the Dip guys, this is more than a t-shirt. It's a lifestyle today We are looking at Bitcoin as you guys can see This is a channel that we have been watching and it's currently at the top of this channel So remember we had we drew this channel here and you could see we got the perfect bounce Right there from the bottom of the channel that we were watching now Why is that familiar? Because if we go back down here and We look at this channel that we were watching recently last week We got the same exact bounce look at this bounce look at this one now look at me now look back at this bounce And now look back at this one then look at me It's the same bounce. So what happened last time that that happened We went up to the top of the channel and then We took off right and guess what what's happening right now? We are at the top of this channel So does this mean that this weekend we are getting ready for takeoff stay tuned guys Hey, what's up J 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 if you guys are new here consider subscribing Smash that like button and turn on the notification bell so that you know every time we post new videos So Bitcoin has had a pretty boring week, right? We've just kind of been in this channel kind of slowly grinding down However, if you look at the actual move, it is still a bull flag if you look at what a ball flag is As you guys can see right here. This is exactly what it is and now if we look at the chart That's exactly what we're looking at. So let's go over the trades that we gave you guys on Monday Remember Monday, we couldn't upload a video on YouTube But we still did post up a video up on our Instagram account Which we did give you guys some trade setups So trade setups that we gave you the first one for Bitcoin the one that hit for Bitcoin was a sip the $57,000 pullback entry, right? So as you guys can see we tested below 57,000 so that next entry would have been 55 But we didn't go low enough to catch the 55 as you guys can see the lowest we want was around 55.5 So we didn't catch that because it basically would have had to break this in order to continue down Now we didn't set up any orders here We just wanted to see a bounce back up and we entered Basically right around here this range right here Which is more or less in the middle of the channel and we're able to ride that up to about the top of this channel right here Which is around 58,000 almost 59,000 so that would have been around a 33% Profit on that trade if you use 10x leverage like we did the next trade that we had was in a theorem We told you guys that we were looking if there was a pullback We wanted entries back at that 2k area, which is wow. That's a terrible arrow. There we go So 2000 was that pullback entry. We're looking for it as you guys can see We definitely went under that and we went below that we went about as low as 1930 so that that's pretty crazy 1960 1950 would have also been a pretty good Entry, but we were able to use that 2k number as the entry and Write it up a bit here to the 2100 level So if you guys used 5x leverage like we did on this one you would have done around 25% profits alrighty guys So let's go ahead and take a look at this chart as you guys can see basically what's happened over the week Just a whole a lot of consolidation here after we went back up to that 60k range as you guys can see we got denied and Denied right so we've gotten pushed back down Continue to get denied there at $60,000 which put us back in consolidation here And now we're trying we've tested the bottom of this channel one two Three times now and now we're testing. We've also tested the top of the channel one two three times now So we're due for a break and it looks like we're pushing up. I would say probably around 59 above 59 K is gonna be that Possible break if we break above that we should once again test 60k here and hopefully break it Right, so we've been struggling there if we zoom out a bit to the daily You will see what I'm looking at right here So this is this is what I see right here. You have this flat top right here, right? We've been rejected multiple times at this point. So let me make that red, right? Now, let me change up back to green and we've been rejected here multiple times We're also rejected actually it's been all of this right all of that rejection there and We've continued to get rejected up here. However, you can see that we have this trend up Right, so let's change those into red. So what is this? What does this pattern mean? This is basically we've got support down there. We've had support here So we've been trending in the right way. We've been trending up It's been ascending and then we have a flat top up here. That's been basically what's been rejecting us All right, so if you look at the flat top, right? If you look right here, this is basically a flat top chart pattern right here, right? And you will see here that it's a ascending triangle These are formed by a flat top or equal highs and higher lows This triangle is a bullish pattern that can be a continuation in an up move or reversal at support on a down move So this is a bullish pattern here guys So now how do you trade a flat top, right? For a flat top usually you want to buy the first candle that breaks the flat top as you guys can see in this illustration here So where would that be? You would that would be on top of where we've been rejected So we've continued to get rejected there at 60k. So the flat top breakout is gonna be beyond 60k So on a move beyond 60k, that's gonna be the breakout of the flat top That should lead us back up to the top with that move I believe we should definitely break this previous all-time high and it could shoot us to my target Which is that $70,000 level now remember I got this level by Measuring the pole the impulse move of the previous move here, which put us in this Bull flag, but there's been ever since that there's been another move up which now has us in a new bull flag So taking that into consideration and then taking the flat top chart pattern to consideration How do you trade flat top patterns? So we already told you you're gonna buy on the break of the first candle, right? But how do I know what the price target is on a break of the first candle? So again, if you if you look at this right here You will see that the target is usually the bottom of the range plus the top of the range Which would be what makes the flat top, right? So if I were to measure the bottom here of this pattern, right? I'm gonna put it start start at the bottom all the way to the top which is more or less around here It doesn't have to be perfect, but it's around that 60k range Then I grab this and put it where the potential breakout may occur Let's say for example if it were to break out here, this would be on the 11th So this would be in two days. This now gives us a target a price target of just under $70,000 it's at I believe it's around $69,007 to $69,800 so this gives us a new target remember the last target that I had it Give us a target of around 71 to 72 thousand dollars now This one gives us a target of about 69 and a half more or less So if you average those two out that gives us a target of $70,000 so basically here We're just waiting on that breakout once the breakout comes which is of course inevitable then we should be seeing these levels of around $70,000 that's going to be and that remains our bullish target for April in Ethereum we're seeing a lot of the same remember that Ethereum more or less follows Bitcoin It's not gonna be to the tee, but more or less right now what we see here. It's less It's actually held up a lot stronger than Bitcoin and why would that be right? It's moved a little bit more than what Bitcoin moved and it's held up pretty good. We're still right around We're still above 2000 we're almost at the previous highs that we just hit a Few days ago really which was around 2150 and the reason why that that's it's held up so strong because if you look here The Bitcoin Dom this is a Bitcoin dominance chart. It's been falling, right? So what does that mean when Bitcoin dominance falls? So if Bitcoin dominance is falling, but the market cap is growing that means that money's coming in But it's going to out coins, right? So what's the leader of all out coins the leader of all out coins is a theorem It's the second coin in crypto by market cap and it's the first out coin So it is the leader of all out coins. So if you look here, this is a similar pattern We have basically an impulse move up and then we have this channel here that it's been basically trading on and What is that? That's a bull flag, right? So we have the bull flag here So remember our target from the last move up to this consolidation period Which created this bull flag our target fall on that breakout was what was it 20 around? 2200 so this was our target. We almost made it up to there We didn't get it all the way up to that target, but we got up to 2150 So we missed that target by about 50 to a hundred dollars because that target was pretty much around 22 to 2250, right? So we missed it by 50 to a hundred dollars and we're still we're going to get there but just like we did previously with the new information that we have on now remember we made that That guess that prediction with more limited information when we made that prediction. We were here This is where we were with that prediction, right? Now we have more information another week has passed So we have a lot more information. So now that this new pattern has formed is new bull flag we can again measure take another measurement and Get a new price target Depending where this breaks out. So let's go ahead and pull our Trendline back out and let's let's measure this. So let's say that the breakout that the low of it was around here Which is around 1770 and let's move that all the way up to the top, which is right around that 2150 Now we can grab this measurement and let's say that we also think that this will break out on the 11th, let's say on the 10th right tomorrow Let's say that we get the breakout tomorrow on a Saturday now We have a new target and what's what's that target this target? it's right around 2478 close enough to say 2500 so Guys we have a new target now for ethereum on the next breakout here and that target is now $2500 all right guys. So so far We have covered the recap of the week from the trade setups that we gave you guys We have done an analysis on both bitcoin and ethereum And we've given you guys basically some new predictions are going forward depending on what the price does So next we're gonna give you guys a trade setups that we're going to be watching this weekend to make some profits Now remember in order for bitcoin and ethereum to hit these targets You guys have to like this video if you guys do not subscribe to the channel and like the video You're basically telling me and bitcoin that you don't believe what we're saying You don't believe that we're gonna get there. So that's pretty much what you're saying So bitcoin won't do it if you guys believe as much as I do in Bitcoin and you believe that we will hit these price targets and you like and subscribe As long as enough of you do it It's gonna show bitcoin that we're serious and that that we really believe in it So it's kind of like the Christmas spirit the more you believe in it the more real it becomes right so guys believe in these predictions believe in bitcoin and We're gonna hit new all-time highs alright you guys so the first thing we're looking at is bitcoin now This first entry that we're going to be watching is right around that 58 500 level which we're at right now So above 58 500 we still have you see there's been a few fake outs But I still believe that 58 500 is a very important level here And you can see you see the role that it's played here the roads played here. It's been resistance here It's been support and resistance there and now getting resistance here So although there are fake outs eventually that break is coming once this break comes It's probably gonna lead us to the top of this flat top pattern that we're in which will be $60,000 so that is the first trade that we're watching we want a break here to lead us all the way up to retest at 60k level And of course, it's only a matter of time before we break 60k and like we just showed you guys a break of 60k could possibly lead us not only to the previous all-time highs But beyond those all-time highs and up to our new target of around $70,000 so those are the next two breakout trades that we're looking to take we're looking to take both a breakout trade at $60,000 and a breakout trade above $62,000 now, of course just like on Monday We have to be prepared for the event where we see a scenario where the price where we get rejected up here and the price gets Knocked down so the first level that we're going to be watching here is back at that $57,000 why because if you see this and you see it's trajectory basically it aligns with this ascending triangle that we've been looking at here this Ascending support right and it's gonna be right around this level probably where it drops to right so You see here. There's also a Fibonacci level as well We have this lower level right here, which has played a pretty big role here as far as support and resistance So that 57k level is at first support entry that we're gonna be watching if we were to break beyond that Then we're looking at this channel here So remember we would still be in that channel and it will continue down something like that that so that next level will probably be Right around that 55k range could possibly even maybe go as low as a 54,800 and that's the bottom of this range right here. That would be also this Fibonacci level here Right, which is that next support right here and not only that But if we look back if we look at the CME charts here for the Bitcoin futures What do we see here? This is a gap, right? So this is the CME gap and that's right around that 54,500 ish level, right? So that could be another possible scenario where Bitcoin fills the gap now It doesn't have to but sometimes it does so those are just things to keep in mind So in that event the entry that I will be looking for on the pullback that deep would be $55,000 now in Ethereum of the main thing that we're watching right now is a break basically above this channel right here, right and that level is $2,100 so we want to see a break of 2,100 which can lead us back to the previous all-time highs of 2,150 and Beyond to our new target. Well, first of all our old target of 2,250 and then to our new target of 2,475 or 2,500 right, so we're gonna be playing that 2,100 level We're also gonna be playing above the previous all-time high, which is 2,150 and then we're going we're going to have a Breakout entry above 2,200 so we're for this one We're setting up breakout entries every $50 basically in the event of a pullback We could be looking at 2,000 again as a bounce entry there and again remember we don't want to enter on the way down We want to enter on the way back up So that's why I call it a bounce entry beyond that then we could be looking at around that 1950 area which would be around the bottom of that channel and if we were to go beyond that then 1,800 is that next level which is right here on that Fibonacci support level So that's pretty much it guys we covered everything that we wanted to cover today. I hope you guys have had a good week I know it's been a little slow, but you know how the crypto market is sometimes it's slow And then when it gets crazy it gets really really crazy So just be ready for that next move up so that we can all make these profits Don't forget to subscribe to the channel if you guys are new here We're at 6,800 we're trying to break that $7,000 resistance level, right? Which on the break of that 7,000 subscriber resistance level should lead us up to that 10,000 subscriber Psychological major resistance Also, don't forget guys to smash that like button to help us out with that YouTube algorithm and drop a comment because that Engagement helps us overall as a channel and a community to continue to push this forward push the movement forward and Continue to to expand the message really right? Thank you guys so much I appreciate you guys for watching this and for being patient as I wasn't able to upload Basically most of last week and on Monday, but we are back to your regular programming So thank you guys for tuning in. I will see you guys on the next one as always peace and love