Prepare for a Bitcoin Price Dump! Analyzing the Key Levels and Bearish Signals

[Music] [Applause] all right guys so equities rocked today in the market FC still 14 days away and uh this is one of those emergency videos open mouth thumbnail and bitcoin's coming down into support again right and uh again if you're in the alpha crew discord. g/d Rebels these are the folks right now they're in a class dude they're in a class and um you know we got even Starship Alpha I love it so this class is actually 15 minutes over and there are still people inside hanging out and learning right they're learning to make the decisions that they should have been out of the market up here or up here or up here or up here or up here but if you're a retail guy right now saying Hey man all of Twitter told me to hold while it did this cuz they promised we were doing this I'm here to tell you we might not right we only know what we know our own ignorance we're trying to let the charts tell us what's going on here and uh if I remove drawings here and we start kind of fresh what do you see on the chart right so we have a high high on volume this is volume right here is a swing failure pattern here is a low lower low on volume right here's a high almost a double top here right just came up for liquidity squeeze lower high than volume and then we started building here this is where the last time we bought big in the market right we did we bought big then we started selling as we got back into the top as volume started pulling down and you know when we had volume come up the whole way but price action break down here well we knew something was up you know and then we got rid of the last little bits and pieces that we didn't need and now we've made a lower high again a lower high on volume again continuation of Divergence right and uh well we're back down in support here we've capitulated below the range that we did form maybe it's a liquidity grab of this level right here I hope the 55600 is just the grab at 55900 and we can throw price action back to the Moon here and it goes the other way the bearish case is is it's not and it's a sign of what's to come and what's to come could be the 47 the 45 and if really gets worse could be much lower right I just want to show you what liquidity looks like on an 8 hour time frame well first thing you can see here is is the largest liquidity is below the range of our 49 K low 48 49 I don't know where that's at 489 12 on the good old Nance right so in our Bowers case scenario we're not Bulls until we close above Trend so Trend currently is anywhere on this current line right let's move back to a normal chart this has been obeying Trend now for a while okay so we had a hit up here and that was the hit from right here okay now we go into the 4H hour Trend we've had a nod ball here right this was kind of weird to me you know we got into let's get rid of sessions here real quick oops and we got into the weekend here we came up we ran Range High you know personally I thought that was a nice high I mentioned in Discord but I thought maybe we had a chance to come up and grab a little more even back up into Trend here but the equity sell today has really paid um no mind to just destroying crypto with it as well so what are our extrapolated moves here well unfortunately they don't look great okay so you saw liquidity on Mob charts here way down in the 47 46,000 area that's our Target man I'm looking to get all the way down the 47k you know fomc being on the 18th of the month the potential rate cut you know typically classes are reshuffling liquidity in the markets anyways and we don't pump off the rate cut you can look at any historic chart every fomc the cut a rate we did not pump the next day we did pump anything but leading into it dumping after it finding our feet in the next couple days or weeks and then pumping right usually there's a redistribution of positioning from risk on or risk off to risk on when we start cutting rates but it's got to be a decent cut it can't be you know a 2.5 bip CH uh cut we can't cut by 2.5% right uh I mean we are entering potentially territory where they hold emergency meetings if the equities Market dumps like 5% tomorrow right look at the let's go the S&P this chart looks worse than it has in a while I mean technically we broke it up here but I gave the benefit of the doubt of this trend line CU I thought maybe we get a bounce here and it does not look good my friends it does not look good so what happens when we break Trend just like any other asset we citch late to find a bottom and then we bearishly retest and if we don't close above the higher high we target the weak low so right now now price action on the S&P will either close below this or close above this if it closes below 52,000 or 5200 points it's probably going lower it's going to Target the next one which is 49 if that one doesn't hold it's going to Target the next one which is 47 if that one doesn't hold we're targeting 43 so on and so forth until you find an major area of fair value of auction houses on the S&P where they found a bit of support So potentially you know that $4,700 or potentially that 50 $4,500 right and uh things back us up here man even the oscillators those are delayed but look how much the volume can roll out here quite a bit how much the money flow can roll out here in the daily quite a bit we're only on 30 on the RSI it can roll out and the even the volume to break this is pure obv right to break this high with this much volume we didn't get it that's a short squeeze my friend that's people closing longs to fill shorts does not look great okay so if equities continue down tomorrow the S&P continues down tomorrow I even called this one right SFP the high return into this the German 30 all right so let's go over and I no results G I don't know how I wrote the initials let's see if we can find a quick here for I know I got on video hang tight for me all right a little backend uh gold e S&P SMP I'm not sure where I threw it I threw the short chart on here there's the Nvidia one it's there somewhere anyway sap the high close below which we did and get accepted immediately back into the range so even over on these International markets man like the trend lines are broken okay I'm not going to Har on those that much we're here for the crypto but uh pushing what man 8 minutes that's actually not too bad I thought we were going a little longer there but look at this internal range hopefully you know if we hold here you know we got a little bit of liquidity we can Target you know we got like maybe a 4our order block we can pull right out we do uh actually it's already filled that's not good so I was looking for an area that did not have previous price action in it here would have been a good area to look I mean we can we can still fill like a fair value Gap here completely we've dipped into it now once we've dipped into it now twice but the reason this is getting real Wicky right here is because we had a lot of buy orders right there's a lot of buy orders right here waiting for Bitcoin to come back to this to hopefully send it that way but if it it when we get these long Wicks and we do get the recovery the nice thing is we got to close with it up so an hour and 36 minutes if this candle closes up here like this I'm feeling a little better but if it closes full body down here you know below 56k or even below where it's at now I'm not feeling great so start paying attention to these higher time frame charts and uh hopefully that's you know not where we get at the end of the day uh but we're on support you know look at the patterns Head and Shoulders you know what's the extrapolation here me probably do the liquidity side liquidity side out the bottom I mean you got to do it out the bottom right and that's 48k that's challenging this low again right and that extra capitulation doesn't get down into the 46k region potentially to get everything I showed you on Mob charts maybe maybe they start moving orders up and start catching it but we are not looking amazing as a Bitcoin chart you know we have a flag here too even on the intraday so we have let's see what best it looks like here so we had this flag forming today during New York session Asia opened up and capitulated us measure move for that is right about where we are you know let's see if we flag out again right you know you can call on the hour chart here the 4 Hour chart this whole thing a flag this is all a flag of this product right here and we come down further right and if you want to call it from the top of the range the full extrapolation you get a pretty similar move to just that head and shoulders pattern that's formed and the more dangerous thing is right we're just we're approaching these higher time Trends you know these weekly trend lines you know the the dangerous trend lines if we lose a weekly Trend right we lost this one right so those are really the only two you know excuses you have on the chart to remain bullish on a a weekly or macro time frame and you can see this is where we started bringing out those other videos right so hey we held on the week right held a weekly Trend was probably cheated up a little bit here right and then uh we bounced to the top of the range to the top of resistance we tapped right into it for the third or fourth or fifth touch there and then we started losing it right here the dogee candle the retest and now maybe this is the capitulation so we get a measure move of this penet here right right out the bottom again that's a 40K Target brother you know we a range loss like the whole range you know that gets us a $40,000 Target what we don't want to get into is the into the yearly high and close below that or the yearly open excuse me so uh the yearly on the monthly is right here this doy candle those measure moves get us into the yearly open on the monthly chart that is the point we need to hold if we close below the yearly it's GG's brother we're probably going to keep going right we got a little bit of support right here at these measured moves on a nice you know large trend line but this is kind of appliable it's kind of manipulatable right to the trend at 40 at 40K right hopefully we find some support before that but things are getting ugly right now and um you know the new cycle is not helping uh the craziness in the elections are not helping the double Foreign Wars right now are not helping just crazy and um good plug for if you want to see this coming and sell the top instead of potentially at a loss into a further capitulation discord.gg Dy Rebels okay I think I'm going to wrap it up there um you know if you're just a spot holder and you don't trade short leverage you know this is scary stuff to you I mean we're making money on the way down and that's something we can also train you in the disc Discord crew but you got to be familiar with trading in general and um hope to see you over there guys I'll catch you on the next one [Music] 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