STOCK TO FLOW SUPPORT TARGETS - BTC PRICE PREDICTION - SHOULD I BUY BTC - BITCOIN FORECAST 200K BTC

STOCK TO FLOW SUPPORT TARGETS - BTC PRICE PREDICTION - SHOULD I BUY BTC - BITCOIN FORECAST 200K BTC

hi everyone you all this is coins it's going to dive into bitcoin once again thanks for your support okay i hope you had a really good weekend i hope you have a really good week moving forward so this could be a really uh crucial week for bitcoin uh basically you know could either correct massively uh and form like an abc correction as you're fully aware or we could come down to a lovely level of support which is what we're doing right now we're ha we are holding a level of support relatively well at the moment for bitcoin um these corrections and these little pullbacks are part of the cycle we were anticipating this uh we have run into that uh level of resistance right there that brick wall of that inverse head and shoulders pattern and potentially the bump and run pattern as well for bitcoin which i've shown you before okay so it's all lining up it's all good you know these pullbacks are what you want to see because she was getting a little bit overextended for bitcoin when you get a little bit overeated and a little overextended you know just apply a level of logic that you can't continue ethereum though right now is absolutely blowing up isn't it it's having a little bit of retracement at the moment but it does have a technical target do check out the ethereum video today and and we'll go through that with you um ethereum is looking extremely bullish okay and that is good for old coins as well because obviously it's the king altcoin isn't it and it carries the market in that sense as well so this is where you see some appreciation against bitcoin so to speak and sort of a mini little old season before bitcoin picks up again um and continues with its little ball run so right now it's holding key levels of support but what i want to show you is a couple of things really um you know the market today is down 2.51 to be expected because you've got a little bit overeated um and it's having a bit of a pullback great this is what you want to see you want to see these waveforms okay moving up moving down looking across the board you can see that pretty much everything's having a little bit of a draw down in the past day so to speak there's only a few coins that stand out in the top uh 100 here that are having any kind of upside you've got bitcoin gold btg you know i actually looked into that when i first got into crypto there were so many forks of bitcoin it's untrue um but you know stick with king bitcoin so to speak but um yeah so in a minute in the last hour we're looking at bitcoin gold picking up so not much in the top 100 is pumping to be honest with you in the last 24 hours again bitcoin cash another uh fork of bitcoin terror is having a little nice little pump just there did you buy it now this is one uh crypto that i do need to go over with you because i've got a fantastic upside target for that personally i do hold the dubai i've a dollar cost average into it i always have been because the technicals look really good for did you buy i should make a video for you guys okay but yeah do do look into did you buy i do see more upside for that in in this boring okay it's got a lovely little low market capitalization it's potentially a little outgoing gem but this again is a bitcoin video so right now i'm going to show you something uh i want to show you okay on for bitcoin so looking at this stock to flow ratio this is stock to flow model basically by plan b and basically you know what what is saying here we are dear to this stock to flow pricing demands economics you understand that okay and potentially this is where you know it's on a path by 2026 almost you're going to be looking at a million dollars per bitcoin so far so good it's adhering to this structural support okay now one thing i want to draw to your attention is that any time that bitcoin falls below this medium line your steric a and goes green it's always offered fantastic entry opportunities in a bull market or any market at any point in history you know looking at continuation when you're overeated in the red this is time to take profits when you're under here this is time to enter and right now you are look you're right under this medium line down here you're green so you're looking pretty pretty good for an entry but again not financial advice and it's just a small little statistic now there are some fantastic on-chain uh data analysis coming out from willy woo at the moment i do need to cover him a little bit more but fundamentally you know bitcoin looks extremely bullish fundamentally and technically okay and everyone's expecting a big major crash aren't they but you know what i'm not going to call it because i don't want i'll direct you anyway i'm not biased towards anything all i say is what i see and so far bitcoin is holding structural support for continuation of the bull run okay and we're starting to see that structural support appear all over the markets for crypto not just bitcoin so right now i'm just going to take a quick look at the dx1 and see how that's doing today in comparison to bitcoin okay yeah so just taking a quick look at the dx wire then you can see it is having some kind of little pickup today you've bounced off this 55 ema okay which is relatively good relatively strong but you are in a bearish pennant just there you the continuation pattern so you forming some kind of horizontal just there and you fell into it just like this horizontal here okay and you're falling into this you know it's a continuation plan so do expect you know if you do see uh the dxy loses 55 ema on the daily time frame and start hitting it said you know you've still got the technical target down here so you are looking at a further depreciation here of around about half a percent almost for the dxy now if it starts to lose this level of support just there this is where you're going to see it fall and come down to this level of support here where you know you fully aware potentially it could lose this and this is your technical target for the dxy okay and if this does come to fruition right now and we do fall down here for the dxy and it loses this level of support and continues with a trend and you're looking at a 12 correction for the dxy this is where you're going to see the continuation of the bull run for bitcoin and you know crypto everything is going to absolutely take off to the moon and we've already gone through all this with you okay but i will try and put the dxy in here every day because you can see someone a little bit of a pickup on what's bitcoin doing right now it's retracing isn't it so we're going to look at bitcoin on the daily time frame quickly and see what we can see okay so looking at bitcoin and it's playing out exactly as anticipated i did say if you do break this level of resistance you're going to it absolutely melt up to these levels here okay but do expect a level of rejection right now you've got a rising wedge which is playing out which is beautiful we want to see this you know i know people will be thinking oh we're going to bear market it's going to go to zero but bitcoin is so strong right now you you could potentially bounce from here and continue with this trend forming this sort of mini little right shoulder here that we're anticipating here for bitcoin at this inverse head and shoulders do you see that and potentially you've got this bumper and run scenario uh for bitcoin as well where you break this level resistance you roll back to its support and then you continue with a trend and you break this high there is also um which we've spoken about before is the free peaks and a domed house where you've got your free peaks then you've got your floor your bottom sorry you come up you create your floor then you have that bull trap up there okay which is up to our targets just up here at 200k and onwards um so potentially you know this is a potential place so far so good it's doing everything that he needs to do for continuation in this bull run you want to see this drawback so you can a little bit over extended you are now currently in a bear in a bull cross on the daily timeframe for bitcoin okay which is absolutely amazing look at that look at that it's beautiful these don't come around every day okay so right now if we can come back and hold key levels of support you're looking for continuation and this is perfectly perfectly healthy for bitcoin to do so so what i'm going to do right now is show you some key levels of support that bitcoin does need to hold okay in this retracement it's going through so right now then bitcoin is retracing okay to a key level of support for continuation of this impulsive wave that we're hopefully going to form right now for bitcoin now these yellow lines here these are really massively important i'm going to leave these on the chart okay so basically what you're doing here you've come down a massive impulsive wave and you're retracing before looking for a level of resistance while you continue with a wave down do you see that as simple as it is but this is a key level of resistance if you get a rejection here and roll you've created a dead cat bounce i've shown you this yeah now to to confirm the bias of a more high probability to the the fact that you're going to create this reversal wave here you've got to break this level of resistance to 0 6 1 8

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i'm going to drop these levels in for you as well so this particular level is just there and that particular level is just there as well for bitcoin okay so right now you can see you run into a level resistance you are carrying out a rising wedge pattern on the four hourly timeframe we'll look at that in a moment but most importantly you're retracing at the moment okay you're retracing looking for a key level of support before continuation of the next impulsive wave up so what we need to do is drop your levels in retracing so right now you can see a lot of people say oh you use your fibs backwards and stuff like that yeah i've got a tutorial that's in every single video uh description it's a video tutorial on why i set my charts up like this and why use them like this okay think outside the box folks so anyway uh to make sure we get the right points of contact on this okay so yeah that's your top and that's your bottom just there make sure we knob on you've got to be knob on okay you can use the magnet but i'll never do but anyway so right now bitcoin is retracing now bitcoin is in such an strong uptrend you could actually come down here and bounce off this zero two three six because i wanna remind you okay when as trend starts basically a new trend say you break the trend and you create a new friend okay basically a new trend you create a new friend i've taught you all that yeah you've broken a bit of a downtrend here a level of consolidation you've been under the car in your head now right now this is confirmation that you're creating a new trend because you're above these ema's okay like i said to you both for 20 most importantly you're above that you're a look trend on any time frame okay so right now you are in an uptrend on the daily time frame using a downtrend here coming down to test key level support which you did you held like a boss now you've broken the trend you're creating a new friend and a new trend basically now you're retracing for looking for continuation of the trend coming back down to a key level of support so providing you can hold these key level support this is why you don't go short effectively you know you can trade the chop in and out but long term you're looking at a beautiful uptrend here for bitcoin because you're breaking the trend resistance so you're in a bullish cross a one go to the b signal from coins kid you're retracing to a key level of support now in a trend in a trend i want to remind you of this look at any chart look at any history of any trend when you break a trend and you create a new trend that initial trend is really strong okay you've been in such a big downtrend that you create this uptrend and you're breaking key levels resistance this is why this trend was so strong because it had to be to break the trend do you understand that and right now you're retracing now the initial retracement of a strong trend usually okay traders target this zero five o as a key level support this is where you see a mountain of orders and and bids for bitcoin if you look on the charts uh you look on the order books you'll see a mountain of orders at 35 238 round that sort of area because this is where pro traders are placed in their tip bits yeah but because you're in such a strong uptrend you've hit a level resistance you retrace into a key level of support now in the initial start of a trend you will always see bitcoin not bitcoin any particular project come back to a higher level of support than the zero five o as the trend starts to weaken and you are nearing a level of consolidation before continuation this is where you start to see the retracement come deeper and potentially bouncing off of zero six one eight and then obviously if you lose a zero six one eight you're looking at performing a reversal wave do you see this so this particular trend is extremely strong for bitcoin the fact is we could actually come down to the zero two three six right here 39k bounce and continue with this trend coming back up breaking this dead cap bounce and potentially coming back up to retest this zero six one eight the golden ratio is resistance because like i said to you if you do break that you're looking at a massive reversal wave up to the all-time high here for bitcoin so this is really really strong it's got a little bit overheated you're coming back to a key level support if you can hold these key levels of support you're looking great now obviously one primary target here is if you do start to lose zero two three six do anticipate putting some cheeky bids in down here on this particular level of three six nine three seven okay because that is where the 20 ema is as well look at that beautiful you're in an uptrend on the daily time frame you're looking for support for continuation now i'm going to drop down some fib levels and you're fully aware if you do start to lose these levels and you fall any lower and you lose 33 808 you are looking at reversal wave and you're coming back down to this wave here where you formed it okay you're fully aware so right now there's no signs of that at the moment but obviously if you do start to lose support that's your primary target so right now personally you know i'm not going to tell you what to do but bitcoin is very very strong it's in a really strong uptrend okay crypto is to be honest with you so if you do start to see bitcoin bounce off this particular area this 236 you have more of a little bit of rollover you come off this level here you're looking at this potential upside for bitcoin okay let me zoom in a little bit here for you you could be looking at a whopping little long opportunity off this level of support you could be looking at a nice fifteen percent upside for bitcoin coming up to four four nine eight eight breaking this zero five os resistance um you know and and hopefully at that point if you was to roll over you're looking for a retracement again and hopefully we can hover above the zero five a retracement right there and that sort of invalidate that cap bounce probability okay because it's all probabilities at the moment now obviously if you do start to retrace deeper the next impulsive wave up is greater so if we was to lose this zero two three six as support round about three nine zero one five and you did see bitcoin roll any deeper than that then do anticipate that your 20 ema on the daily time frame is going to come in and act as a level of support and that currently sits at three six nine three oh which is already zero three which is also the zero three eight two fibonacci retracement because if it does you're looking at a greater important wave up and a higher probability you know to make more money in a long opportunity you're looking at a lovely 26 upside for bitcoin pushing you up to four six five eight four so that's basically bitcoin you know these are your key levels of support right now that you do need to see held for bitcoin now what i'm anticipating here is potentially you know if if you do start to see the zero two three six loss and bitcoin does come down here look at this waveform like this you do start to pick back up and start to form this new impulsive wave after bouncing off daily 20 or may down here if you do start to break this resistance here you've got that beautiful inverse head and shoulders target which takes you up to the previous all-time high and obviously this impulsive wave there will take you up to this level here the 1618 which would also see you retest the golden ratio and the probability is that you could actually smash through that back test support and there's your continuation of the ball run for bitcoin right here so all this here is extremely important for bitcoin moving forward so that's a little update for bitcoin today i hope you enjoyed that stay healthy stay strong i'll be back tomorrow with another update on bitcoin take care everyone bye-bye