Bitcoin Long & Short Entries. No big move until after this Date!

Bitcoin Update

In this section, the speaker provides key support and resistance levels for Bitcoin and discusses their current position in a short trade.

Key Support and Resistance Levels

• The speaker provides access to live charts and Discord.

• The speaker took profit on a short trade at around 25,600 due to liquidity building above. They mark off side resistance levels around 25,660 and an export level of 25,350.

• After taking profit on the short trade, the speaker entered another short trade when they woke up. They expect volatility but don't anticipate a big move for a couple of weeks.

• The speaker recommends signing up for leverage trading if you're patient and wait for the right trades. They caution that risk management is important.

Key Support and Resistance Levels Continued

• On the twin chart, current resistance is at 26,500 with next support level below at 25,875.

• If Bitcoin pushes up to 27,200, it would be an ideal point to enter a short trade due to confluence between resistance trend line and FIB channel line.

• Current support on H1 chart is around 26,300 with ideal long entry point around 24,500 due to previous bounces off blue ring FIB circle.

• Speaker notes that there isn't much liquidity above current price levels.

Book Maps Analysis

In this section, the speaker analyzes Book Maps data related to Bitcoin's price movements.

Book Maps Analysis

• Speaker notes that every time we hit one of these blue rings on the FIB circle, we always get a bounce.

• Resistance around 27,050 to 27,300 is noted on the D1 chart.

• The speaker notes that if the dxy is down, Bitcoin is up and vice versa. Current resistance level for dxy is at 104 with next resistance level at 104.5.

• Speaker notes that there isn't much liquidity above current price levels and doesn't expect all of the longs to be taken out until crossing the ring on the peak of the Bull Run chart.

Understanding Longs and Shorts

In this section, the speaker explains how to interpret price movements based on whether longs or shorts are being prioritized.

Prioritizing Longs vs. Shorts

• When longs are a priority and they take out longs first before taking out shorts, it typically means that the price will push up.

• Conversely, when shorts are a priority and they take out shorts first before taking out longs, it typically means that the price will come down.

Expecting Choppy Market Conditions

In this section, the speaker discusses their expectations for market conditions in the near future.

Short-Term Expectations

• The speaker expects a lot of choppy market conditions in the short term.

• They do not expect any big moves to happen until probably a couple of weeks from now.

Chart Analysis

• The speaker shows a chart indicating that they do not expect prices to drop below 24,000 until they cross a certain resistance level.

• They predict that crossing this resistance level could lead to either a big downside move or a big upside move depending on which direction prices go.

Predicting Big Moves in Two Weeks

In this section, the speaker predicts when they expect big moves to happen in the market.

Crossing Resistance Level

• The speaker predicts that when prices cross a certain resistance level (in about two weeks), there will be a big move in either direction.

• They note that if prices drop further before then, they could hit this resistance level sooner.

Shorting Strategy

• The speaker plans to short if prices push up to 27,200 or above.

• If prices go even higher than that, their next point for shorting would be around 28,200.

Sign Up for Bigot

In this section, the speaker provides information on how to sign up for Bigot.

Signing Up

• The speaker provides a link in the pinned comment and description for signing up for Bigot.