welcome back guys the crypto for live channel
today would like to talk about dydx price chart bitcoin price chart dxy index first of all what do
you have to know nobody can tell you exact bottom for the bitcoin or even for s p 500 or even for
any coin we just work with possibilities so now like you can see on twitter a lot of gurus a lot
of crypto gurus a lot of crypto traders start talking about the 15k 10k so even 7k is confirmed
it looks similar like everybody talk about a 100k or even 150k for bitcoin confirm it 100 by end of
2021 or 202. google and find some articles in the forbes start shilling the bitcoin as a new gold
and now they start talking about the bitcoin going to zero so this is how the media and influencer
uh work with your psychology and emotional state so just be careful and only use your
investment strategy or trading strategy because when you start to looking oh this guy tell this
one oh this guy tells the 15k is bottom so this guy tell it's 10k and you start to mess around
with information and you can lost your money so just follow your strategy a lot of people show
information where drop it down than previous high but possibly is not possibly it's not because look
on the chart if we're using the different metrics we can find the different uh numbers so look it's
a basic candles on the chart we are dropping down lower than the previous height so the high was
1966 and now the low was 17 and also 600 so 2 000 we drop it lower than the previous
high but look if we change to the lines the top was 13 and 880 almost era and we just
dropped it to 19 and 900.
So we got six almost six thousand 000 range so we can drop to 15k and
we are still not break the previous high so we don't know which metrics you the big players
market maker use that's why we just work with possibilities and nobody can tell you exactly
the bottom so also look if we double check that candles on bitcoin price chart will looks uh
good in three waves you know like one waves down second and third one the last one all right we
found the bottom at minus point 86 level by feed and we got three months down two months uh
green and three months uh red once again if we use the hakanashi candles one two three four
five six seven eight months in a row we're in the red zone it's crazy it's insane almost one year we
are in the red zone which is going down down down so possibly 17k it was the bottom nobody knows
so look on every side i think we can make a move like this one a little bit to a neutral zone here
and drop it down once again in september or even october and find a bottom on the area site on a
monthly timeframe we never touch the monthly uh bottom on error size so yes in this case we will
drop to 15k or even 17 17k once again and forming double bottom so here is how it looks on four hour
time frame and on a daily time frame look we got a bottom here squeeze down bottom and feed still
in place so here's the top 0.5 correction show the direction so we have to breaking up this line once
again took liquidity at 0.78 and 86 level by feed reject took liquidity one more time and
going up walk from level to level 38 61 38 0 0.5 so now we can skyrocket to this range in
this area nothing nothing here so it means we have to it means we can go to the next imbalance zone
and here if we reject at 27 we going down once again to test 17k and forming double bottom or
breaking out and drop it down if we're not hold those line but if we test this zone in joule
reject test it once again and reject at 34 then we can going down even to december
forming the bottom around as 13 or even 15k so yes this scenario is possible because in
my previous videos about bitcoin i already explained you how it works with the x y
and s p 500 s p 500 can now skyrocket to 4 000 and then drop it down once again to 300 it
will be the capitulation and dx y now it's really really in a good condition so now the xy index
at 106 it's higher than the previous 15 years so here for example the top on dxy january 17
the xy drop it down to january 18.
What we got this period with bitcoin january 17 and
we gross all this cycle to december 17 and beginning of uh january 18. so everything going
in the mirror way then new top here march 2020 and we drop it down to february
2021 we got here march 2020 and here february february and the march
2021. here is the top and here is the bottom so everything going in the mirror cycle dx y going
up bitcoin going down dx y find the all-time high and going down bitcoin start move up so
for bitcoin i can tell you we are not find the bottom yet because we have to wait the
confirmation i think around august and september we will find the potential bottom for bitcoin so
now we have to make it move up with all this short edf news we have to make a pump the people open
a lot of a lot of shorts and we are stock starts going down down down down down and in one perfect
time they liquidate all the sharp position so now let's jump into the dydx price chart in the last
few days the weddings showed the great result because like you can see from the bottom here
in june 19 we make a good impulsive move up around 100 but it's it's not the top four
dividings because i think we have to go in higher to the next imbalance zone so here we got a bottom
top correction to 0.5 level by feed and reject at 0.61 level fee now it's possible to drop around
0 level 1 uh the dollar 58 and then bounce it to new imbalance zone it will be around here 252
it's a minor 1.61 and 2.61 it's 3.10 three dollar and eighteen and in this range you can start
looking on a short position open short position for august but in july i think we can see the
green months some small but green months for the divided on the daily time frame on the money
flow we are at the top on the qtg almost at the top on the stochastic reside almost at the top
and on every side also almost at the top but on the weekly time frame that's why we have
to zoom out we can see the possible bottom on the weekly time frame for the white x that's
why i think we can make a move like this one reject and drop it down for me double bottom so in
area around 3.10 or 250 you can start looking some short position but now open short for the white x
it can be really dangerous because if you zoom out on a weekly timeframe on a monthly timeframe
we are going down down down so long period on a monthly timeframe we are nine months
in a row red so after nine months in a row red we can start climbing a little bit just
show the direction uh to three dollar and ten there you can start looking under open short
position once again guys right what's in comment what do you think about the ydx price chart are we
going to three dollar or we now from this current price going to test once again one dollar and do
you think bitcoin can hit 25k or we going from this current price to 15 or even 10k thank you
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