Bitcoin breaks out from 65 days daily pattern: THIS IS HUGE !
The Trading Parrot
Bitcoin breaks 65 days daily pattern: this is HUGE !
In this training video, the host shares excitement over a recent breakout from a 65-day resistance structure in the cryptocurrency market, suggesting potential for higher prices or a fake-out. The discussion includes expectations of a pullback for retesting the breakout's legitimacy, key levels that could invalidate the breakout, and the importance of liquidity concentrated around $55k. Additionally, Bitcoin dominance and altcoin strength are examined, alongside the effectiveness of leverage squeeze and bullish divergence signals. The host also reviews recent performance, anticipates market movements based on resistance and support levels, and evaluates the bullish and bearish patterns of altcoins. The video concludes with insights on liquidity distribution, funding rates, and expectations for future market movements, emphasizing the importance of monitoring specific technical indicators and patterns for trading decisions.
00:00 Welcome to the Breakout Analysis! 00:07 Understanding the Current Market Breakout 00:45 Predicting Market Movements: Pullbacks and Breakouts 01:04 Analyzing Key Levels and Potential Fake-Outs 01:24 Exploring Liquidity and Bitcoin Dominance 01:55 Channel Updates and How to Support 02:38 Leverage Squeeze and Bullish Signals 09:03 Weekly RSI Analysis and Bullish Patterns 13:16 Altcoin Performance and Trading Strategies 16:38 Conclusion and Farewell
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β οΈ DISCLAIMER This video is not intended for UK/US residents. The information presented in this video is for educational and entertainment purposes only and is not financial advice. I am not a financial advisor. Trading can result in loss of funds. Individuals must consider all risk factors including their own personal financial situation before trading. All individuals are responsible for their own trades and investments. ... https://www.youtube.com/watch?v=lDjkjC_JPdk
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