 What is going on ladies and gentlemen? It is Hold on. Let me transition It is what is it Tuesday the 13th of February, so If you're in the United States, it's pre it's Valentine's Eve Valentine's Day Eve Hope everyone's doing well It's been a few weeks since I've since I've jumped on the live stream since I've done since I've really uploaded anything to YouTube So I've definitely been very distracted as of recently But I've definitely been keeping up with my trading keeping up with Bitcoin and everything cryptocurrency So we've been staying on top of that. We just haven't been uploading as much Content lately. So, uh, yeah, one of the goals is to get back on top of this ASAP Because there's a lot of stuff that I want to put out there. I just haven't had the time to put it together So, um, yeah, it has been a wild few weeks We've gone from as low as 38,000 dollars to as high as 50,000 dollars yesterday so a very exciting time to be in crypto and And yeah guys, it's it's been crazy. It's been crazy. We were very excited I'm very excited and we've been trading a ton in the discord if you guys are part of it You guys already know You know, we have all sorts of new features that we launched this year. We have We're doing what we what we've always done for the last six years, which was leverage trading signals But then we've incorporated Options so so not options trading directly, but selling options for premiums that has been very very lucrative over the last few months We'll talk about it a little bit more Because we've been hitting at a 90% win rate, which is insane Then we also have the algo signals, which is an algorithm Right, it's a bot that has a certain rules once those rules are met It sends out signals and those have been crushing it as well with an 80% win rate So yeah, so if we've been it's been wild the last to start off 2024 Bitcoin's price has been wild to start off 2024 So so we're definitely definitely been very very busy keeping up with everything and And we're excited to share some of that with you guys today. So what we're gonna be doing in today's video is What we always do, right? We're gonna do a analysis on the price of Bitcoin where we're at Currently what the charts are looking like and where we could be going now to start things off The main thing here that we're that we're looking for that we need to keep in mind is This right here Bitcoin halving countdown guys, we are now officially 66 days away from the Bitcoin halving All right guys, remember this is this is an estimate is not exactly where when it might be but It's so far the estimated time is around the 20th of April, which is only right Right the on 420 on 420 the Bitcoin halving is gonna happen and the previous bull run we hit $69,000 So it'll be it'll be crazy if on 420 Bitcoin's price is at $69,000. I'm telling you guys I would not be surprised if that happened at 69 420 just that's how the Bitcoin community likes to troll I wouldn't be surprised if that's exactly what ended up happening so That's one thing that we have to keep in mind guys because pre halving there's always been some sort of rally within that 60-day period and Now we have institutions on board and they're bringing in a ton of money I think it was over three billion dollars in the first month of trading in their ETFs, which is insane and You can see it's being reflected on Bitcoin's price. So yeah guys, it has been it has been a wild wild Few weeks and let's let's go ahead and take a look here But before we do that, let's take a look before we break down the entire analysis Let's go over the overall market really quick as we usually do You can see over the last seven days Bitcoin has been outperforming pretty much the majority of stuff in the top in the top 25 And maybe the majority of crypto It's up 13 and a half percent versus Ethereum, for example, it's only up 11% and Ethereum is usually out Outperforming right so that means that Ethereum has some catching up to do soon and we'll talk a little bit up more about the money flow in the market cycle, so You can see right now it's outperforming over the last week We have BNB up 6% we have Solana up 15% so Solana has been keeping up with Bitcoin there XRP hasn't really moved too much We can see Cardano up about 8% Avax up 15% as well so Avax has been has been trying to match Solana here and And it's definitely one of our favorite bets here along with Solana here for this next bull run And as we continue to go down Bitcoin cash pretty much keeping up and matching Bitcoin's move there. We have immutable up 34% Optimism up up about 14 15% near protocol up 18% over the last seven days or so So those are some of the top performers here in the top 25 if we look at the top Crypto gainers and losers in the top 100 overall We can see that the top gainer right now is beam up 67% over 67% we can see dym dimension up 46% stacks up 45% Casper up Over 36% about 37% and immutable up 34% So those are some of the some of the top gainers here, and we have a few losers But not too many you can see that we literally only have three projects in the top 100 That are Negative over the last week that are in the red. So and this one actually just fell out of the top 100 It's not one-on-one so So, yeah, so it's been it's been a crazy time and let's go ahead and take a look at the At the trading the economic calendar and you can see today was in inflation rates And they actually came in pretty hot they came in higher than expected So we see in prices reflected a little bit So that you know, we've seen prices go down today so far. So everything's kind of in red and that's and that's basically because of That the inflation rates came in they came in a little bit hotter than expected You see the Consensus was 2.9% and it actually came in at 3.1% So although it was lower than the previous one as you guys can see here. It is lower than the previous However, it was higher than consensus. So, you know, the market doesn't like to be wrong, right? so anytime we have We have, you know, it comes in higher than what the market is expecting You see it a little bit in prices, but since it wasn't anything crazy I think it's something that that, you know, it'll be over rather soon, right? So looking here and this here is the probability the target rate probability So the next thing that we're focused on that we're looking for is Target the rate cuts, right? So remember last year And the year before basically We were just getting a bunch of rate hikes Finally at the end of last year we started getting rate pauses pauses and now we're looking forward for the rate cuts Right. So you can see right now that the next meeting is the 20th of March And it looks like we're gonna stay pauses about 91 and a half percent Chance of remaining paused and an 8.5 percent chance of a rate cut So the market is not thinking that we're gonna get any rate cuts here next month If we go over to May You can see that The the chance is a probability for a rate cut go goes up to about 35 percent. So still They're still expecting in May to again keep rates paused And then in June is when is expected to have the first rate cut this year? So it's currently is it's up to around fifty one point two percent probability for that But again, we're one two three. We're about three four months out at this point So, yeah, this could change and this will change a very very easily depending on what happens going forward with inflation rates with You know with the meetings with the Fed meetings and and all of that So something just to kind of keep in mind keep paying attention to but Because when they do finally when the rate cuts do finally come in It's gonna be crazy, right? Markets are gonna definitely we're definitely going into What I'm gonna call a raging bull market at that point In the markets and the markets are already at all-time highs So we're definitely expecting to see prices go up higher if you have money still parked on the sidelines You should you should definitely be be looking to move into the markets because yeah, even though the economy overall is not Super strong right now You know the markets don't care people just want to see prices go up Values go up and their investments go up So that's kind of how how it looks like 2024 is gonna play out and of course overall and this kind of plays into bitcoins bull run because in April we're gonna have the halving and then after that, you know If we get in the summer we get the the rate cuts, you know that kind of adds on so what's already gonna be going on with Bitcoin and Yeah, you know, I'm expecting definitely New all-time highs this year is pretty much what what I'm expecting And then, you know, maybe even a hundred thousand dollars I don't know. I don't know if we're gonna hit a hundred thousand this year But I know we're definitely hitting over a hundred thousand in the next two years So either this year next year Bitcoin's value will go into the hundred thousand dollar range Let me say what's up to a few people here in the chat We have rivers. What is going on rivers? Great to see you in here again. We have ducky Dave great seeing you here again He said crypto ducky Dave says yo J What a time to be in crypto hope this last week is just a start of a new bull run 100% Dave I agree with you This is a great time to be alive great time to be in crypto and And I love it man bull runs I love bull runs it because everybody gets happy, right? We it's just that energy that goes That that comes into the markets Where everyone is is happy everyone's making money And and a lot of lives get changed so I try to do my part in in that as much as possible by educating and And you know providing, you know kind of showing what I'm doing personally and providing that type of information So I'm excited. It's been a long two years since the since the previous bull run So the last two years have been Have been pretty slow And just kind of all these people saying that bitcoins dead bitcoins going to zero bitcoins, etc. etc Right having to fight them off for the last two years finally here We are back again. Just as we said just as we knew we would always be The ETF Bitcoin ETFs have been approved Ethereum ETFs are going to be approved next. It's inevitable BlackRock already applied for it. We had another hedge fund recently applied for it Guys, it's a matter of time. So You know, I would suggest filling up on some ethereum bags if you don't have them already so With all of that covered all of that out the way Let's go ahead and jump into What this video is all about what you guys are here for which is that Bitcoin? analysis Where we take a look at the chart. So Starting off here all the way in the monthly as you guys know, I love to do top-down analysis My favorite way to analyze the market Because it gives you an overall understanding of what's going on through all the different timeframes, right? So you're not just looking at one time frame. We're looking at Multiple time frames. So I personally like to do monthly. I start off on monthly Then I go into weekly then I go into daily Then I go into the four hour and the four hour. I mean not as much four out Once you go under daily, then you're looking at timeframes more for trading more than anything So so yeah, so monthly weekly and daily is what I like to stick to that gives me the understanding of The overall market the overall charts what's going on with the overall trends, etc, etc And then I could go Into the four hour and under timeframes when I'm looking for trades or planning trades, etc, etc So Let's go ahead and start here at the monthly time frame as you guys can see here We have one two three four five six green candles in a row guys The last time we got six green candles in a row was all the way back in 2020 We had one two three four five six So at the end of 2020 Beginning of 2021 was the last time that we got That basically right though, but the crazy thing is that this happened After the Bitcoin halving right So if we look here, let's see in 2019 so this is pre halving Right like in pre halving and you can see that it was pretty much red most of it, right? And then in January of the year of the halving, which is where we're at right now We had a big green month. It was up 30 percent. Let's see January January we didn't have it was pretty much break even but that's because we had we started this run in September basically so we had September 4 percent October 28 percent November 8 percent December 12 percent Last month January it was pretty much break even but still green. It was plus 0.5 percent and Currently we're up about 15 percent now 15 and a half percent So it's it's been a wild ride so far and you can see that usually It's after the Bitcoin halving that price that we go into that bull market so if we're saying that we're still not in the bull market then Just imagine what could happen going forward. We got a donation here from Ramiro Hernandez. I wonder who that is Ram. What's going on Ram appreciate the donation man? I don't really get donations on this channel It's always it's always nice when one comes through man appreciate it Ram everybody everybody give it up for Ram here in the chat appreciate it man So so yeah, so going back into what I was saying Historically the the Bitcoin bull run doesn't really begin doesn't actually begin until after the Bitcoin halving But there's been so much going on already this year That we've already started moving up. So that's why I think that We could definitely not only not only are we Guaranteed and not only is it only a matter of time that we're gonna break these these all-time highs But we're also going to be hitting a hundred thousand dollars Probably this year There's a remember there's a lot more institution institutional investors and the institution money coming in right now so Things could get pretty crazy As Bitcoin and cryptocurrency become mainstream and you know, there's already ads running on Google ads running on TV about these Bitcoin ETFs Once a theorem ETFs become a thing as well Even more billions of dollars are gonna be poured into into this market and guys It's gonna be crazy. I'm telling you guys it's gonna be crazy. I'm expecting Bitcoin to hit over a hundred a hundred K Probably this year if not for sure in 2025. I'm expecting ethereum to hit maybe like ten thousand dollars Maybe even beyond that So so yeah, there's a lot of opportunity in the markets right now guys. This could be one of the last times where we have Basically this generational Opportunity where we can really make life changing money Encrypto and the reason I say that this could be one of the last times is because With institutions coming in I think volatility is going to It's gonna drop right where I'm not expecting the same volatility that we've had in previous years Once these institutions come into come into play because now we're gonna have a lot of money that'll be able to You know soften basically the the volatility within the market, so This could be the last major major bull run now with the new Institutional money that's gonna be coming in that really pushes the prices up in not only Bitcoin, but all of crypto And this is probably one of the last Opportunities to really make that life changing amount of money just by investing in something and kind of holding it So other than that, you know, you're is gonna be a little bit slower You know, you won't be able to make a life changing money right away in in one bull run like you could in the past But yeah, but but this is definitely I think one of those last opportunities here So you got to take full advantage of this guys. I personally got into crypto in 2016 and I retired I made enough life changing money by 2017 that I was able to Basically retire and I started this brand right where I just started educating on on Bitcoin because I See it as it saved my life changed my life And and I wanted to kind of pass that on to to other people as one to as many people as I could And I started just like you guys get I started with very small investments of a thousand dollars or less and Slowly built my way up You know through through through over time right through one of the one of the first Bitcoin board runs that I ever encountered so Very exciting stuff guys and that's why I that's really why I do this. I don't do this for the money. I Don't need The money, you know from I really don't make money from YouTube So that's not why I create this content Why do these things I do this to educate and to pass this along to as many people as possible So hopefully you guys are able to get that from my content. So let's go ahead and now And and break down what what we're seeing here. So this that I have this red block here that I have Is basically the resistance area for Bitcoin, right? So if we look here We can see that last time we hit this on last month price got rejected very very quickly And we that's when we dropped as low as thirty eight thousand five hundred dollars that was with that rejection at this resistance line and How how so how did I know that this was a resistance line? Well, just kind of looking back in history if we look back in history We see one two three four times price was rejected there. We see one time right here price uses this as a support Once again when we lost is when we lost that as support and we came back We got rejected two months in a row before a big break out to the upside. That's when we set our new all-time highs We use it as support here again here. Look at this We broke above it and in a big rejection down before a once again a big break out to the top Then we topped off here use that this as support So that's why that's how I knew and that's how I know that this is a big big level of interest here And it's because just looking back historically, right? It doesn't take a genius. You don't need to be an oracle You don't need to see the future. You just need to see the past Right, and that's what trading is a lot of trading is not about Trying to guess the future and I know I know like I always see people write You know, you nobody knows what's gonna happen in the future and and you're right Nobody knows what's gonna happen in the future. That's why you don't try to guess what's gonna happen in the future But what we do know is what's happened in the past and by using the past by using his history by using historical data We can make Educated guesses on what could happen in the future So that's why we always look at history. So Now we know that this is a big massive level there, right? So let's let's dive into the monthly time frame now We're gonna zoom it a bit. So We're first looking at the at the monthly now. We're looking at the weekly, right? So now on the weekly we can see a little bit more, right? Things are a little bit clearer on what's happening, right? So if we look at what's going on right now, we can see This big move up, right? We have this massive massive move. Then we had consolidation here Me take this one out We had this consolidation We almost had a break down to the downside But then boom we broke up so This this is a very common pattern. So I mean, this is not a surprise by by any extent This is a bull flag here. So if you guys look up a bull flag, this is basically what it is a big move up impulse move up Consolidation and a breakout which the breakout is a continuation from the previous leg up, right? From this move up then the break to the upside is a continuation. So The way that you would measure this Let's do this together here. Let me grab Where is it what am I looking for I'm looking for a price range All right, so let's grab price range and the way that we measure this From the bottom the beginning of them the initial move up to about the top doesn't have to be exact Right now we grab this and we put this where the breakout occurs, which is right here the breakout occurred at about $44,000 and Now this is this gives us a target and look what this target is guys. This target is about 72 73 thousand dollars. Let me see where it's at. So 72 947 is what it's giving us Let's round it up and it's about 73 thousand dollars. That's a target that This move that this chart pattern is giving us, right? And now we already see the breakout now we saw a breakout We saw it go above this red resistance area Which was between about 45,000 to 48,000 dollars This was a level that I spoke about a lot over the last few months and now we're at $50,000 again $50,000 is a big whole number It's a big even number and it's halfway to a hundred, right? So that's a psychological that becomes a psychological Resistance level right so price is probably going to play bounce around here for a while I expect the range to be between 48,000 to 50,000 It'll be bouncing there around for for a bit and once we do do get a continuation of that breakout Above 50 then next the next main target is gonna be 52 I already know because I've done this for so long and I've been playing these levels for so long But you're probably saying, okay, why 52? Why is 52 the number and let's just before we even look back Or actually let's just go ahead and look back and look at this right here, right? So we have one two three four weeks basically a full month where price was stuck there between Look 52 To about in the bottom of this range was around 45 if we look here What do we see here again 52, right? This is 52,000 if we look here look at this one This is support it bounced at 50 around 52. Let's see the lowest 53 so just just before And once again, I've become here. This is bouncing between 50 and $52,000 as that support level there. So Again, we're not trying to predict the future We're just looking back on history and seeing where's where's that next level of interest that price? Likes that price has it has used as a resistance or support in the past and because that's that will likely play a role in the future and we see it over and over and over again and Once again, we're going to see that again Then that's the next main level here for for Bitcoin once we're above 50 is gonna be 52 So the level the trading range here because remember Bitcoin likes to trade in ranges It's proud right now is between 48 and 50 is what I'm expecting But don't be surprised if that top that top of the range Extends out to about 52,000 and then we could see something between 48 to 50 Honestly, I think once we hit 52 Then it we might not go back to 48 and the range might change to about 50 to 52 But with the possibility of the lower range being 48 So that that's pretty much the range that out that I'll be probably looking at 48 to 52 And that'll and that'll break above that, you know, we probably have 60 at that point, but overall Just from looking at this so we looked at the monthly right we we kind of Figured out what was going on overall then we as soon as we dropped to to the weekly we saw a chart pattern Right, we got this chart pattern this chart pattern gives us a target of about 73 thousand dollars For this next leg up for this next move up, right now. It doesn't mean it's gonna happen today Doesn't mean it's gonna happen this week or next week Look how long this this move took this move took started on the 16th of October and It reached its its top around The fourth of December so that was about two months For this move to happen, right? So in two months in the next 60 days, do you think we can hit seventy three thousand dollars? It's definitely a possibility because it's it's not that much of a reach It's really only a 64 percent move from this breakout point And from where we currently are I didn't mean to move that one see if I can grab this From where price currently is there's only a 48 percent move was 48 percent in crypto in two months That's really nothing guys that that happens all the time, right? So so that's the overall the main target, right? So now we've we've kind of By looking over the chart we kind of have a target to look for a target to look forward to now We say okay, so how can we play this right? So now what we're going to do is zoom into the daily Now looking at the daily We see we kind of it shows us more details, right? So now we're seeing more details of what's going on day to day, right? And that's why we always say that that you know regardless of what's going on Like when we see a drop like this This was a 21 percent drop here that we had over the last few weeks in January When we when something like this happens and you're just staring at the daily chart It looks like the end of the world, right? You're like that's it We're going all the way and that's why people were saying. Oh, no, that's it We're dropping back to thirty thousand dollars, right? So like let me go let me go to replay So when the chart looks like this, we're like wow, that's it We're we're dropping back all the way back down. We're probably going all we lost this with us Support we lost the 50 daily EMA moving average We were losing this support here We're yeah, we're dropping all the way back down to this support and this support sits at what? $31,000 the next Fibonacci level is at $30,000 if we look back recently here We can see that this was a big resistance. So that's likely to be a support So that's why you had a lot of Of people like on Twitter and all over the place Saying that Bitcoin was gonna drop to thirty thousand dollars to between thirty to thirty two thousand dollars I kept saying that's not gonna happen And why why did I think that wasn't gonna happen was because I zoomed out and looked at history. So Let's get out of the replay and Obviously, we know what happened, right? Look at this bounce all the way back up. So When when things are happening like that what you need to do you need to zoom out Right, you got to zoom out if you zoom out and now let's do the replay again. Let's go all the way down To to this candle here So although this might look like now now that we have this there's only want this one candle here But look how much better this chart looks now, right? And if we zoom out even further to the monthly Look at this Does this do you think we're gonna continue dropping? Based on this chart, but there's nothing here that tells us that we're gonna continue dropping at that point so that's why you need to zoom out a lot of times and I spoke about this but historically Last year overall during our move up The biggest pullback. Well, the average pullback was about 21 and a half percent in 2020-2021 During the Bitcoin bull run the average pullback was 21 and a half percent closer to 22 percent. So we actually hit 21 and a half percent So let's let's from the top right here to the bottom Look at that 21 and a half percent. So When we were getting this pullback, I said $38,000 is probably the bottom for this pullback Because one it's a major level historically, right? This is $38,000 To we were stuck below $38,000 for a while before we were finally able to break out above it and three It's a historical the historically Whenever we've had pullbacks or Recently not not over the course of Bitcoin's lifetime, but recently, you know as as Bitcoin gets older and more mature it's less volatile so the pullbacks aren't as harsh as before and Last year the average is 21 and a half The last bull run 2020-2021 was 21 and a half So I was expecting it when when I kind of measured it out It took us down to the $38,000 which was a big support 21 and a half made sense for me So that's how I came up with that with that number But that's why you have to be able to zoom out guys you got to be able to zoom out like today Today is red today. We've got rejected at $50,000 But it doesn't mean we're gonna we're gonna drop all the way back down to 45 44,000. We still have a lot here We just had a massive massive move. So now what Bitcoin's probably gonna do is gonna retest pre a previous resistance, right? So previous resistance is Let me get my brush here we go. This is previous resistance So what happens when you get a breakout you the price goes up comes back down it retest the previous Resistance it's now flips it into support and then we get a continuation to the upside So that's pretty much what I'm expecting to see here a slight pullback to $48,000 which is what we've already had look at the low the low today 48,300 and Then a continuation to the upside is what I would expect to see with a target a possible target of around $52,000 is what I'm looking at. I think at 52 we get another another pullback Maybe back down it could be either back down to 50 for a retest of 50 or maybe back down once again to 48 and then again a bounce in the continuation to the upside so That's pretty much what I'm looking for here. So Overall The target here the potential target is seventy three thousand dollars So so what we're trying to do is really buy on these dips Right because it's not gonna be a straight shot up to seventy three thousand over the next few months And we're gonna get dips so ideally you want to be buying these dips So today we have a dip and the ideal level here for me to enter would be at forty eight thousand dollars, right now forty eight thousand When I say forty eight thousand, I don't mean Exactly forty eight thousand dollars. It could be anywhere between forty eight thousand forty eight thousand two fifty forty thousand even as much as forty eight thousand five hundred so Don't don't come back and say oh forty eight thousand dollars never hit Well, it went down to forty eight thousand three hundred. You're just you have you can't set your your levels at forty eight thousand exactly Because a lot of the times Price is not gonna reach that number and if it does reach it price is probably gonna drop a little bit lower So at that point you want to wait for it to drop lower and then bounce back up over forty eight thousand dollars So that's that's pretty much My ideal buy zone right now though So I would say anything below forty eight thousand five hundred is a Possible area for a long entry right now. I Am not looking to short this and I love I know a lot of people always asking about shorting. I'm not looking to short Bitcoin here At any of these levels, I don't care how big of a resistance it might be I am not looking to short guys. You shouldn't be looking to short either You're you're making trading trading is difficult enough and trying to Open trades against the trend makes your life even more difficult why make your life more difficult guys No need to show here look for opportunities to go along again is what I do So that's basically the only thing that I'm looking at here. So the first entry I'm interested in is anything below forty eight thousand five hundred next entry Potentially above fifty thousand. I'm interested in another move in possibly a breakout above fifty thousand Or you could do a breakout above the previous high, which is fifty thousand four seven five. So That's that's another way that you can play that and then Those are probably the only two entries that I'm looking at right now for this week Because above fifty one even though it is a possible play fifty two is good is definitely gonna be a resistance So maybe instead of fifty one I'd skip it and I do a breakout trade above fifty two thousand So so that's kind of the way I'm looking at it as of this moment Of course this all could change depending what happens in the market What price does etc etc? So I love playing breakouts during a bull market. So you'll see me play those a lot I like I love playing big support areas on during on retest During a bull market as well. So those those are the main two things that I'm usually looking for I'm also looking for breakouts out of big areas big points of interest and things like that as well so Think I've pretty much covered what I'm looking for and what I'm watching this week. Let's take a look at At the liquidation levels and While I do this if you guys have any questions about anything That I'm covering anything. I've spoken about maybe something. I didn't mention Drop it in the comments. This is your opportunity to drop it in the comments And and if I have an answer for you, I'll go ahead and answer them If not, then you know, maybe we can find the answer together But let's take a look here at the liquidation heat map a Liquidation heat map basically shows us where there's potentially A lot of money a lot of liquidity and how or why is there liquidity there? Well, it's either an area where there's a lot of buy orders or sell orders or It's an area where Traders are are putting stop losses Right or it's an area where people are getting liquidated their positions. They're leveraged positions Liquidated so all that kind of adds up to this liquidation heat map That shows us potential areas where There's a lot of liquidity, right and a lot of the times these These these areas of liquidity could play as support and resistance areas as well so what we'll see a lot of the times is You know, like for example right here Look at what when price was here Look at how yellow this was this was a big area of liquidity and eventually price broke above that level and continued up right now The next big bright yellow area of liquidity is up here, which is currently it's about It's almost at it's it's sitting around fifty one thousand seven hundred Which is very very close to our resistance area that we just spoke about fifty two thousand dollars, right? So it's probably only a matter of time before we break this the same way we broke this one here Now if we look for the downside We have some liquidity down here. This sits around see Looks like forty six thousand five hundred area Then we have a little bit more around the forty four forty three and even it down at forty two But as you can see those aren't It is not they're not very bright So when they're not very bright that means that there's there's there's some liquidity there But not as much as there is here the brighter It is the more liquidity it is and usually Bitcoin loves to go to wherever the majority of the liquidity sitting So this is a seven-day chart here that we just looked at let's let's look a little further back Let's zoom out a little bit and look at the monthly Again we can see the same thing here This was bright bright yellow and what a price do it went and broke above it, right? So now where's the brightest yellow part right now as far as liquidity we can see that there's not a lot There's nothing bright yellow like this one We do see some down here down. So this is around forty one thousand here is thirty eight thirty nine Thousand and this is thirty four. So One thing we have to remember is that we're looking at the monthly on a monthly time frame The reason that it's important to know that is Because a lot of these orders could be old right it could be from 25 days ago three weeks ago four weeks ago, right? So it they they might not the liquidity might not be there anymore because it's so old, you know That position might have closed already and and this doesn't track when a position closes It just tracks when they open where the liquidity is or Or when they set their orders in those specific spots So what you'll see a lot of times is on the month monthly time frame every day This will change a bit and you'll see that these liquidity pools Slowly creep up and start following the price So that's just kind of one thing to note there Um, but again, there's not anything bright yellow. We just see these these are a little yellow But these could be old they might not even be there anymore And then we have these liquidity levels that starting to build up above the recent highs here all the way as high as $52,000 which is the next target that we're looking at and then lastly let's look at the 12 hours So there's a 12 hour chart And i'ma zoom in even further because look how small it is we can't even see what's really going on and You can see that the majority of liquidity on the the smallest time frame that we can look at Is sitting to the upside once again. We have liquidity here 49,500 We have liquidity here at 50,550. So that's right above the recent highs Um, and that's not a surprise that we you'll see that all that time on these smaller time frames Um, and really there's there's nothing to the downside. So once again liquidity pools are pointing to the upside which fits Um, the analysis that I did on the chart that tells us that price is going to continue going to the upside So because of those things that's why I believe we're going to continue up at least to 52,000 dollars at 52,000 I think we can reevaluate if we get there The other time that we reevaluate is if we break below 48,000 dollars, right? Because right now 48,000 is the bottom of the trading range for us And 50 is the top but we still I still believe because of our analysis that 52 is uh Actually is the next target and could actually be the top of the trading range and we could be trading between 48 to 52 If we break above one of those levels Or if we get to one of those levels then we reevaluate the charts and we see You know what the charts are telling us and we look again at liquidity to see if you know What the chart is showing if it fits the same story if it's the same story that the liquidity is telling is showing so That that's pretty much what analyzing is is is you know when you're analyzing charts when you're trying to make predictions Or you're trying to play probability You're trying to look for a story. You're trying to figure out what story price action is giving you and then you're trying to put the two together and And and have a find as much confluence as possible to support your theory or support the story That uh that you think the chart's telling you so that's why this is always open to his perspective, right? Everyone's analysis could be completely different just depending on what story they're seeing in the chart and you know What confluence they have so um If you guys remember the the last thing I want to touch on here We had this bearish divergence a bearish divergence is simply when prices going up Right you see prices going up setting up higher highs Higher lows while the momentum in this case the rsi is going low Is dropping down and basically doing the opposite of this is setting lower lows and lower highs so we had that and that's always a a Something to be cautious about whenever we have that in the charts We spoke about that multiple times and we eventually did get that 21 dip um now You can see that we've broken Above this divergence. This was the trend line here that was basically holding price down You can see that we've broken back above this area And uh now if if we look at this now you can see that price is Perfect. There's no there's no divergence at this time now. We're back in sync Um, so we're all good even though that even though price here is oversold right now Um being oversold doesn't mean that price needs to drop. It just means that that's where the momentum is right now So momentum is all the way to the upside. You can see that here price was oversold All the way back in october, but price continued to climb all the way until january So just because price gets into oversold does not mean That price is going to go down, right? So, um, I know a lot of people get confused with that um, but Just, you know, that's something to keep in mind. This is more of a momentum indicator than anything else. So We're in oversold territory right now But we're in sync once these two get out of sync. That's when you should start, um, worrying a little bit But for now, we're good So, um, yeah, I think we pretty much Have covered everything that we wanted to cover today Um, I don't see any Questions in the chat. So, uh, so I think I'm gonna wrap things up. Appreciate you guys for everyone that tuned in Um, we've been live now for about 50 minutes We're gonna get back to doing these, uh, weekly and potentially twice Twice a week. So I want to do one day Bitcoin analysis the second the second live stream, uh, outcoin analysis. So, um, so Today, what day is today? Today's Tuesday. So either tomorrow or Thursday will do an outcoin analysis with another live stream So I'll see you guys there. Appreciate everyone who tuned in rivers. Dave. I see you 100 deaths I haven't seen you in forever. Glad to see you in here again And once again shout out to ram with a five dollar donation. Appreciate it ram um Brendan Matthews No problem. Uh, thank you for tuning in as well, Brendan Timmers, thanks for tuning in deaths What made it hit 50k? It was just time, baby. It was just time Now chat go go back on on the live stream and uh, and and check it out what I broke down Um, and right now this is this is my new target now 73 thousand dollars man So, uh, yeah, definitely go down it go back if you missed the live stream the beginning where I started Doing the analysis. I I suggest that you go back and watch that So, uh, thank you guys for tuning in. I'll see you guys on the next one. As always peace and love