Snipers.

You have to see what’s happening
to the Bitcoin price this Sunday as we

have broke back into the $41,950 support
level, opening up the range to $38,000.

So I have to get this video out to you

guys as traditional markets are gonna open
tomorrow on Monday and this is gonna

potentially bring a lot
of volatility in Bitcoin price.

So I want to talk about what I’m expecting

and watching here as we start to see
the traditional markets open.

Notice how we have 41,950 right
now is the major support level.

If we really start…


Snipers.

You have to see what’s
happening to the Bitcoin price.

This Saturday is shortly after my video.

Yesterday we got the rejection at 44 800
and we came back down to test the 100 day

moving average with the candle low
at 4675, we formed a higher low

exactly like what happened when
we initially came down from 500.

Notice how we cleared the volume below 44,

800, then formed a higher low before
seeing the continuation to the downside.

I want to talk about whether or not we’re
gonna be seeing something similar

for Bitcoin to potentially
see…


Snipers, you have to see what’s happening
to the Bitcoin price this Friday is we’re

heading into the weekend where the markets
are the most manipulated,

and Bitcoin has tested the $44,800
resistance level today.

So I have to get this video out to talk

about how the volume is reacting
to this extremely important resistance.

To assume whether or not we’re gonna be

able to get about $45,000 and potentially
head towards this monthly open at $47,000.

And so far we’re seeing a garden variety
rejection of a major resistance at 44,800.

And so when we look at…


Snipers.
You have to see what’s happening

to the Bitcoin price this Wednesday as we
have a lot to look at with volume today.

Notice how we have this 100
day moving average at 40 $0.

That is sort of holding right now.

We haven’t seen any daily bodies below
this level, and we did actually get below

40,000 yesterday coming to a candle low of
39,600, opening up this range to $38,000.

And now we’re seeing a garden variety

retest of a previous support now as
a resistance, which is currently sitting

just at where the price
is right…


Snipers.
You have to see what’s happening

to the Bitcoin price this Tuesday as we
saw a 9% candle to the downside breaking

from the 200 day moving average at $46,000
all the way down to the 100 day moving

average sitting just
at that $40,000 level.

And exactly as we talked about,

because the volume here was already
exhausted, we sliced right through

to the next support level, and now we
are heading towards our $38,000 target.

But what we want to look at at the at this
point because we are seeing the volume

come in is…


Snipers, you have to see what’s happening
in the cryptocurrency market this Saturday

as we have a candle low 470,
the monthly open.

And this is no surprise.

We know this is an extremely important

support level that we want to hold
if we want to get to 49, 700.

And so I’m liking what I’m seeing.
It’s the weekend.

It’s the most manipulated,
which means that there’s a likelihood if

we gap up enough that we could see price
action back to the downside as we start

to see the traditional
markets open up on Monday.

So you…


Snipers, you have to see what’s happening

to the Bitcoin price this Friday as we
have breached the monthly open at 47 $0.

And it looks like Bitcoin wants to come
and test this previous resistance

of structure, which is sitting just
between the weekly open and monthly open.

And I want to address the fact that now
that we’re seeing some weakness

in the price action
and we still have low volume,

this tells me that the path of least
resistance is gonna be sideways

to a little bit higher,
and that even if we start to come…


Snipers.

You have to see what’s happening
to the Bitcoin price this Thursday as we

have an indecision candle
flashing green and red right now.

So I want to emphasize the range
that we’re currently playing in so that we

can have a better idea of which direction
we’re going and notice how we have this

monthly open at 47 $0, and we have yet
to see price action below this level.

That’s the exact place I was talking about

yesterday as a make it or break
it support level for Bitcoin.

If we want to assume that we’re…


Snipers, you have to see what’s happening
to the Bitcoin price this Tuesday as we

are seeing a battle
at the monthly open at 47, $0.

And this is really the third time

that we’ve tested this level since
Bitcoin broke down to this range.

Notice how we came here once we came here,
second time yesterday.

And with yesterday’s candle,
we did get a lot of hints because it was

a massive candle with a Wick down
to 430 all the way up to 470.

And we determined that there were stronger

sellers in the market
than there were…


Snipers.

You have to see what’s happening
to the Bitcoin price this Monday is we

have a massive indecision candle
today and we all know that 44.

800 is the major support level
for Bitcoin, with the monthly open at 470

as the major resistance
that the bowls need to conquer.

If we want to assume any further upside,

it is not a coincidence that we have this
extremely large Wick down all the way

below 44, 800 to 43,370, and then all the
way up to 47,000 on the four hour chart.

This is a massive indecision candle.

Naeem Al-Obaidi

Traders Profit Club (SnipersTube) is a community dedicated to creating knowledgeable & profitable traders in all markets.

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