0:00 Bitcoin is coming down right now exactly in the 60-day cycle low time period. If we lose this support, we're probably going to see a big bullish divergence. We are right now on day 59, guys. So, I'm expecting some fireworks in the next coming days. I'll tell you exactly what exchange data is showing us. Probably the next big runner, guys, is going to be Ethereum. And I'm even going to share a trade setup with you guys in today's video, which I think is looking very interesting. So guys, let's jump straight into it. And of course, we are starting with Bitcoin. And what's so interesting guys is that right now we are on day 59 from the 60-day cycle, right? So generally Bitcoin is bottoming every 60 days, but sometimes it's 62
0:45 days, sometimes it's 58 days. The thing which you can use to basically confirm that we have seen a low is that when we break above the 10day moving average which of course right now we have not done so. We actually got rejected from the 10day moving average. So it looks like that in the next coming days maybe even today or tomorrow we still going to get a uh drop in the Bitcoin price forming that 60-day cycle low maybe a mini capitulation event. And this is something that I actually shared already some time ago that this will be accompanied with a bullish divergence. So let me show you what I mean by this. Let me get rid of the um moving average right here. So what we have, we have a low right here, the momentum indicator and we have a low right here in the
1:32 price, right? The price goes up and then we come down into that low again or probably a little bit below that low again forming a mini capital event. while the momentum indicator does a higher low. So it does a higher low in the momentum indicator a lower low in the price and that is uh eventually a bullish divergence. Well, in a uptrend, guys, a bullish divergence can be very strong. Is often the uh first sign of a trend reversal and then I'm expecting this Bitcoin price to continue to go up to continue in this bull market to break above the highs and to go to uh 120 130,000 US. So guys, so far with the scenario, nothing has changed. And let's
2:18 just look at it from a daily perspective right here. From the daily perspective and zooming out, it just looks pretty pretty strong. We had a 60-day cycle low right here. We had a very strong 60-day cycle rally which tops very late in the cycle. Right now coming down just with a correction right here. Um, perfectly normal, perfectly normal. We had a rally from the lows till the highs of roughly 50% and the correction so far is is just about not not even 10%. So, it would really make sense to even get a little bit of a little bit of a further drop to scare some people a little bit off. And then we uh we turn around and we just go and see guys how we actually just ranging in this green zone right here.
3:03 So, we are turning the previous all-time high from this range, we are turning that into a support zone, which is again also very bullish because it would be bearish if we would do something like this where we just break down, break down and then test this level as resistance. Then that would be very very bearish. But yeah, so far we are not doing that. Bitcoin is holding up pretty strong guys with all the circumstances. I think this is a very good sign that we are seeing it only in the shortterm time frame. We are entering the timing band from that 60-day cycle low. So we can see some volatility especially to the downside getting a mini liquidation and then we are back to the races if you ask me. Then what is exchange data telling us? Is that basically backing up what we
3:50 are seeing with Bitcoin's 60-day cycles? And I believe personally guys, yes, I do believe it is really backing up because let me just get rid of the sentiment because it might be a little bit easier to see. So the intensity of the red determines the amount of selling pressure, right? But when that becomes green, we actually have buying pressure. So in a bull market and in a bare market, they both work differently. So in a bull market with decreasing selling pressure, price goes up. And in a bare market with small selling pressure the price goes down. So you have to know first in which market we are. We are clearly in a bull market because we can see that even here the selling pressure decrease price goes up. It is like a
4:37 ball that you keep on the water. When the when the pressure that keeps the ball on the water decreases it will just float. It will just go up. Right? And when the pressure increases it will be held on the water. That's the same right here. So here you can see the pressure really increase because we have some high intensity red. Then you can see and with the timing band of that 60-day cycle then we can see the price come down. But now what do we see now? We actually had decreasing selling pressure. We're getting buying pressure right now which is actually very bullish. And of course on the momentum indicators we could be forming these higher lows. But the momentum indicators right now are actually the only ones that are not yet uh confirming the
5:22 scenario. But the exchange data guys we getting some buying pressure right now is very bullish because look at the previous time we got buying pressure right here. Some green price went up. Here we have some green as well. Price went up. Here we got some green as well price went up. Here we have a cluster of green price goes up. Uh here we didn't see here we saw cluster of green price goes up. Here we didn't really see it. So yeah, it really you really have to look at this from a holistic way. You have to look at it where are we in the timing because this was for example very late in the 60-day cycle. So the momentum is already fading during that time. So you have to look at the market from holistic way. See in what time are we right now? What are the momentum indicators saying? What is the exchange data saying? But all in all guys this is
6:10 a very bullish picture because this is exactly something you want to see. You want to see uh this is the same that we actually actually saw with the previous 60-day cycle low. So we have the previous 60-day cycle low coming into that low, decreased selling pressure, buying pressure coming in, starting that new 60-day cycle and bam, we are off to the races. Right now we've topped in that 60-day cycle. We coming down and now it's again the same thing. The the selling pressure is decreasing. Even buying pressing buying pressure is coming in and we are right now at the exact perfect time frame of the 60-day cycle. So guys, quickly if you want to trade this, you can get a 10% deposit bonus over on BTCC exchange. This is a no KYC, no VPN exchange, only available
6:56 with the affiliate link down below in the description. And what you can do over on BTCC as well is you can trade crypto, but you can also trade commodities, you can trade stocks, you can trade gold, oil, all using crypto as collateral. So that is a unique future that BTCC is offering. So if you're interested in that, make sure to check it out with the link down below. Now, let's go to a trade setup, guys. I think there's actually a nice trade setting up over on uh on Ethereum. Of course, for Bitcoin, the trade mainly would be breaking back above the 10day moving average, confirming a new 60-day cycle low. Then uh the direction in my opinion will be to the upside. But a nice trade setup is I believe Ethereum because Ethereum had has this very impulsive
7:44 structure. So we had a very big pump. Now it's consolidating in a triangle formation. And do note guys, this is the Ethereum against Bitcoin chart, right? So, I'm expecting this one eventually, maybe today still come down with a little bit of turbulence. We never know how these mini liquidation events how they how they come, right? But they they are coming to scare people off. So, people need to get a little bit of that shock reaction uh what we normally see. So that's why I think the likelihood of that is pretty high to get like a mini shock reaction that uh the last week hands are actually getting shaken out of the of their positions. But I expect this to break out to the upside and I think Ethereum against US dollar is holding out very
8:30 strongly as well. And the scenario that I'm watching guys, if we do something like this where we just come back down today in the 60-day cycle low in the support of this rising channel, then I personally believe, not financial advice, guys, but I believe that's a very nice long opportunity. Why? Because there's a clear invalidation. If it comes down, right, then we have a very clear invalidation. That means if we break down, you want to uh be stopped out. So you risk a little bit of your capital. But if this support holds like it has been doing in the previous times that we touched this support, then we can see this one going back to the resistance and I believe guys this one will be break out to the upside and we
9:16 are going to see a massive rally in Ethereum. That potential is there because Bitcoin is looking good. Ethereum is looking good. But Ethereum against Bitcoin is also looking good. So, I'm expecting Ethereum to outperform Bitcoin in the coming days and weeks ahead. Really uh think that's guys. So, guys, that was it for today's video. Little a little bit of everything. A little bit of zoomed out price action, a little bit of um zoomed in price action, but I think the path forward in the shorterterm time frame and midterm time frame is pretty straightforward. And also guys, nothing has changed from the whole analysis that we have been doing uh for quite a while because we have been very um determined in the analysis, right? We have been already following this trend
10:04 very perfectly. Uh while a lot of people were actually screaming for corrections mid trend, we didn't do that because we didn't have any indication yet until we were here. Here we have something like okay, right now a correction seems more and more likely. We got that correction. Uh so far this was a pretty smooth ride. Let's hope that the following rides are going to be smooth as well. But uh yeah, I think the path right now is pretty straightforward like I said into that 60-day cycle low. Uh slowly we are seeing momentum uh changing and then we are going to continue this uptrend and this will accelerate and accelerate over time creating more and more momentum later in the bull market building up that momentum and just uh similar as we
10:49 have seen with previous bull markets right every correction will last shorter and the rallies they will go more crazy and I think that we are in a period right now as well okay guys that was it for today's video drop a thumbs up if you like this video uh subscribe If you are new guys and if you want to trade Bitcoin, you want to get a 10% deposit bonus, which I think right now is one of the biggest deposit bonus you can get because you don't have to do anything for it like meeting a certain trading volume. You just on your first deposit, you'll get a 10% uh add-on in bonus and you can use only that bonus for trading. So, if you want, you can actually open a free trade over on BTCC. You just have to make sure that you don't use your own funds. Only use that bonus for trading. And any profit that you make with that
11:35 bonus, you can withdraw directly. Okay guys, that was it for today's video. Wish you a beautiful day and hope to see every single one of you in the next video. Bye-bye.
