BITCOIN SIGNAL CONFIRMED (2 Days Left)!!! Bitcoin News Today & Ethereum Price Prediction!

Important Bitcoin Analysis! welcome back to the good Channel everyone my name is Josh and right now Bitcoin is still in the larger bearish Trend but the price is now confirming a new signal in the short term that we need to pay attention to while ethereum also just confirmed this signal in the short term so I'll be talking about all of that and more later in this video so definitely watch to the end first of all taking a look at the 4-day Bitcoin chart and right now the super Trend indicator on this time frame is still flashing this red signal telling us that at least for now we're looking bearish on the larger time frames as I've already been saying for a while now on the channel and if we're looking at the 2-day time frame we're still clearly within this bearish trend which is also a descending broadening wedge pattern forming lower highs and lower lows which is what a bearish trend is but of course during this larger bearish Trend we can see short-term bullish reliefs here and there during the larger bearish Trend and as of right now the support line for this pattern is sitting at just underneath 53 ,000 and the line of resistance for this pattern is sitting at just above $68,000 and with that being said if we're taking a look at this daily Bitcoin chart over the last one day the dxy has seen a very slight bounce to the upside which in the imminent shortterm is a little bit of a bearish signal for Bitcoin But ultimately over the last few days we've not really seen a lot of new action here in the dxy which basically means we don't really have a lot of new information on this chart right here so getting straight into this daily Bitcoin chart and obviously as I said in my last video we recently broke below some key levels of support here in the shortterm so now the next major area of support to pay attention to at least on this chart right here is sitting in between around 56,000 to 57,000 and now we also have a small amount of support here in the short term at around 58,000 so that's another level to look out for here in the short term as support and as for resistance in case we see any sort of Bounce here whe whether it's from 58,000 or from this lower area of support right here if we see some sort of Bounce then I'd expect resistance in between around 60 to 61,000 more resistance at around 63,000 give or take and much more resistance at around 645,000 which is pretty much exactly where we saw a rejection from and so those are the main levels of support and resistance that I'm currently watching here in the shorter term for Bitcoin and if we're zooming into the shorter term looking at the 45 minute chart and this is also somewhat visible on the 1 hour chart as well so just in the short term here we do have a new bullish Divergence that has recently confirmed over the last one day or so and now it's important to understand that this is looking at the very short term on very small time frames right now which means this is not likely going to last very long maybe for the next day maybe over the next 2 days but I wouldn't necessarily expect a massive bullish recovery over the following weeks for example just based on this alone and so in case you're new to all of this basically this bullish Divergence is telling us we're most likely going to see a bit of a break or a relief from all of the bearish price action just in the short term here once again over the next one day possibly over the next two days we're most likely going to see either a bit of a sideways consolidation basically this type of price action just here or potentially a slight bullish relief this is the most likely scenario just in the short term over the next 1 to 2 days or so and so once again it means we should be expecting a bit of a break from all of the bearish price action but like I said earlier this alone is not enough of a reason to expect a massive bullish movement like that for example this is simply not a powerful enough signal in order to expect that and so ultimately on these slightly larger time frames at least for now we're still within this larger bearish Trend but of course over the last few days we have seen that short-term dump during this bearish trend but just over the next 1 to two days like I just said I now expect a bit of a relief just a break from all of the bearish price action just in the short term over the next 1 to two days or so and if you want to actually trade these moves in the price of Bitcoin or any other crypto personally I take just about all of my trades over on buybit so I'll make sure to leave a link to buybit down below this video in the description and in the pinned comment and if you use that link down below this video to make a buybit account and deposit on that account then you can get up to a $30,000 deposit bonus but only if you use that link down below there video and also if you use that link it'll take you to this page right here which is a massive Lucky Draw happening right now over on 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quick look at the Bitcoin liquidation heat map and obviously just a couple of days ago here we liquidated a lot of positions to the downside but with that being said we don't really have a lot of major liquidity levels at least for now here in the short term we do have a small amount of liquidity at around 575,000 to 57.8k and we also have a small amount of liquidity at around 625,000 to 63,000 and other than those levels right there we do have a little bit more liquidity at around 65.3k to 655,000 but with that being said besides those levels we don't really have any significant levels of liquidity on this liquidation heat map at least as of right now just in the short term and Ethereum Technical Analysis! with that being said taking a look at ethereum on the 3-day time frame and obviously over the last few days we've seen that perfect rejection from this strong resistance here in the short term at around 2.8k so once again 2.8k is still the strong resistance to pay attention to and as of right now when it comes to the larger Trend at play at least for now we're still within this larger bearish Trend forming lower highs and lower lows which is what a bearish trend is but remember even during a bearish trend we can see the occasional bullish relief or pump back to the upside here and there even during a bearish trend and during this bearish trend at least in the shorter term we're basically still within a bit of a sideways consolidation basically in between around 2450 to 2.5k as the support and once again 2.8k as the resistance and now if we see a continued break to the downside here well below 25,000 and basically continue the larger bearish Trend with another leg to the downside here then in that case we have this major area of support based on the golden pocket and also previous support sitting in between around 21 50 to 2.2k acting as strong support and if we're zooming into the shorter term looking at the 8 hour time frame we can see just over the last 1 to two days here with that recent dump to the downside the 8h hour ethereum RSI entered into oversold territories and actually confirmed that oversold signal with multiple candle closes here and we can see from previous price action that when the RSI enters into oversold territories especially here on this 8 hour time frame that tells us that we're at least at some sort of local low in the price but not necessarily the bottom because if we're looking at this first example that was back during around the beginning of July this year we could see the RSI entered into oversold territories and that held as a local low in the price we saw a bullish relief over the next couple of weeks or so but then ultimately we saw another dump to the downside later on where we saw another oversold signal confirm here in the RSI and then over the next few days or so over the next nearly 1 week we basically saw a bit of a bullish relief in the short term But ultimately that was not the bottom for that bearish Trend right here we did end up seeing the continuation of the larger bearish Trend later on so remember this is just a local low in the price not necessarily the bottom and then we saw an oversold signal right here near the beginning of August and obviously we saw a bullish relief and a bit of a sideway consolidation over the next multiple weeks here and so ultimately this signal that has just confirmed over the last couple of days here in The 8 Hour ethereum RSI is telling us that we've hit a local low in the price and we're likely going to hold that level as the low for at least the next few days or weeks so once again over the next few days or weeks we're most likely going to remain above around 2.4k by seeing potentially some sideways price action or a slight bullish relief but then ultimately perhaps in a week or two from now that sort of time frame once again simply based on what we've seen back here we could potenti see a continuation of the larger bearish Trend to the downside later on that is still a possibility and if we're zooming further into the shortterm looking at the 6-hour time frame we can also see that this is potentially a rising wedge pattern that has broken to the downside here and in that case we have a bearish price target for this break to the downside at the bottom of the wedge which is sitting close to 2.3k so that's also a potential price Target to pay attention to once again 2.3k but for now we are find in some support at around 2450 to 2.5k as I just mentioned right here and also as for resistance right now we do have resistance close towards around 2550 based on previous support now acting as new resistance and we also have more resistance at around 2.6k to 2.7k basically right around here and so to sum it all up the situation right now is that at least for now we're within a bearish trend with momentum pointing in the bearish direction but just in the short term due to signals like this oversold signal here in the RSI we're likely going to see a bit of a break during this bearish trend but ultimately we're still within the bearish trend which remember can contain the occasional break from the trend during the trend and with that being Solana Technical Analysis! said taking a look at the price of salana on The Daily time frame and right now the price of salana is running into this area of support and so far finding support in between around 139 to 14 44 and obviously I've been talking about this area for a while now on the channel just after we saw a perfect rejection from this exact area of resistance that I've also been talking about for a long time now on the channel sitting in between around 159 to 163 so for now that is still the resistance to pay attention to and this is still the support to pay attention to but if we end up seeing a confirmed break to the downside here basically below this previous low at around 139 based on the candle closes if we start breaking to the downside here and especially if we see candle closes below 139 then in that case we could potentially drop all the way back down towards this price range acting as major support sitting in between 120 to 128 and so that is the area that I'll be looking out for next if we first see a break below 139 which at least for now has not happened but ultimately the larger Trend as of right now for salana is ultimately a neutral Trend because we're seeing relatively horizontal highs and relatively horizontal lows which is basically a massive sideways price range but obviously during this larger sideways price range we can see short-term bullish moves and short-term bearish moves and once again if you want to trade these moves in the price of any crypto check out those links down below this video to claim those extra bonuses and if you want to actually know how to trade crypto no matter if the price is bullish bearish or chopping around sideways then make sure to watch these videos popping up right on your screen the video in the 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