All right. Coming off the back of the last video, we are perfectly staying within that beautiful descending triangle Flint formation with Bitcoin. We now got the third hit of this general area of resistance. Note that I’ve actually used a parallel channel to show you this descending triangle this time. So I literally I drew, just as I always do, kind of draw parallel channels like this. I’ve drawn it to represent support and resistance because I think, you know, it kind of helps illustrate the point where these kind of patterns I’m not looking for. Does it hit exactly the line? You know, I’m not looking for it. Let’s actually draw a line. Is it hitting the line? Exactly. Because in this case, you know, we would only have two hits on the resistance level. What I’m looking for is generally what is the characteristic of the trend. That’s what these lines help us to visualize. You know, the only reason they draw lines like this, the only reason I draw lines like this to visualize candle patterns is is exactly that. It is to visualize candle patterns. So I’m not interested in the specifics. And and, you know, really zooming in and looking well, did we kind of hit this with an X percentage points or or did we invalidated by thirty dollars? No, I don’t care about that. What I’m looking for is a general characteristic of the trend. And, you know, the general characteristic of any descending triangle is you start off with a high. In this case with Bitcoin, typically after you’ve risen, you know, kind of parabolic, you’ve got kind of parabolic and you’ve risen quite a lot. Very extreme rise within a short period of time. And after that, you’re setting lower highs after lower highs. You’re also keeping the same general support area. Yes, we are. We did wake down to this level, but this is where all the candles are closing. And so we’re finding support in the same area. And so what this candle pattern tells us is that pressure is condensing to the to the downside. I think that’s really the key point of this trend. As I said, we have now confirmed it with a third test. We saw a dump down, kind of like a bite pattern. Let’s zoom in and take a look at what actually happened there and look at that. We got a kind of street rise up, traded sideways a little bit. Tested the high range. Tested the low. Tested the high again. Then the low and so on. Tested the high, finally. And we got rejected. Oh, look at that. That actually makes Bart Simpson’s face. And so we ended up dumping lower. For those of you who don’t know, what actually happens with these trends is the bots are looking for where there’s more liquidity in the market. And so it pushes it to the upside because there’s more liquidity on the upside. This is where people are getting liquidated and stuff like that. Then it’s testing the lower side. This is where we’re getting these more extreme spikes, testing the upside. And on any given dump like this, it could go as low as MLT to zero. And and with any pump like this, it could go as high as twenty thousand, one million dollars. It just happens to stop at support or resistance levels. Tested the high. It got rejected over here. So now it was decision time and we got a pretty nasty dump lower. Right. Moving on, we got that rejection. We’re now trading a little bit closer to the middle of this descending triangle. And the apex of this descending triangle is only within a couple days. So really, really important. Obviously, we don’t trade these kind of patterns right up until the apex. We typically break out of them kind of around this general area. So we’re talking later today or tomorrow is where, you know, a pattern like this might typically break out. And that means, yeah, it’s decision time for Bitcoin pretty darn soon. So the other thing I wanted to take note of during this video is actually how we might be in a symmetrical triangle. Someone with a keen eye actually pointed out in the comment section that if you redraw this connecting the Wick’s on the support level, then it starts to paint a bit of a different picture. Let’s take a look at how that looks. Right. So we’re connecting this week. With this week down here and now all of a sudden what we have is a trend which is moving in the upward direction and some consolidation within asymmetrical triangle. So this actually turns from a 66 percent bearish pattern to a majority bullish pattern. You know, when you’ve got a symmetrical triangle, it turns into a bullish pattern. Now, I should note that if you’re specifically drawing these kind of lines to connect to Wick’s a bit like this, then you should apply that consistency everywhere. So this week as well. And we still generally have a symmetrical triangle as well. This is just more more of a how do I say logistical note. And quite importantly, you know, within a bullish trend, this could be valid. You know, it makes a lot of sense. We had this really big rise and now we’re starting to pause in this market for a little bit. We’ve been trading mostly sideways for five days now, going on to six. And that means, you know, we could be coming to the end of this kind of pattern, especially considering that, you know, we are now on the fifth of May. That hardening day is exactly seven days from now. So that’s next Tuesday. And we are looking at potentially breaking out, having maybe, you know, one more leg higher before the harvesting happens. Why is that? Well, it’s because we already had legs higher before the Havanese. So clearly that’s the trend. And that’s the kind of setup we are looking at now. If we do end up pumping a little bit higher, what are we looking at? Well, first, I think quite key level is that 9400 dollar resistance level where we did get rejected. That’s looking something a little bit like that. And beyond 9400, there’s pretty much nothing until we see the 10000 dollar psychological resistance. So we can visualize this. We can throw on the V.P. VR indicator. And let’s just verify that this is truly where those resistance levels are. And we can see pretty clearly on this chart that we are getting those spikes actually a little bit before 9400. And pretty much right at 10000 dollars is where we do start to get that resistance piling up. For those of you who don’t know, once again, the V.P. VR indicator V.P. VR is is an indicator that visualizes where trading has happened at different price levels. So this is saying that there’s a lot of trading that happens at ten thousand one hundred dollars. There’s a lot of trading that happens at seven thousand nine hundred, but there’s not much that happens at nine thousand dollars. So or more or more appropriately, there’s not much trading that happens between 10000 and 9400. So typically, if we enter this range, we’ll probably come out of the other side. I made a tutorial on it. So type this in and into YouTube and you can watch my tutorial explaining how this indicator works. It’s really useful. So that’s those that’s those resistance levels that we are looking at at the moment. It’s not far. You know, if Bitcoin does end up breaking out, let’s take it from the middle of the symmetrical triangle, up to the first resistance that we are looking at, a seven percent pump. And if it manages to break that resistance and go all the way up to 10000 dollars, we’re then looking at a 13 percent pump. So it doesn’t have much space left to move higher. And I think, quite crucially, on the downside, there is a lot more opportunity. The only real support level that Bitcoin has below it, which which would be important, in my opinion, starts at seven thousand eight hundred. And already that means the first real target I have is minus 12 percent. So that’s already as much of a profit as you would have had trading the upside on the second target. So this is. This is target, too. This is target one and target one over here is already the same profit as Target two. On the upside. What am I saying here? I’m saying that as a bear, there is a better risk to reward ratio at the moment. There is a better risk to reward ratio for bears to be trading this trend when you purely look at it in terms of risk to reward ratios. If seven thousand eight hundred dollars fails as support, then we’ve got more support levels below seven thousand three hundred 7600. We can draw this everywhere. Seven thousand dollars. And you know this actually it makes everything better. You know, seven thousand eight hundred. Again, that is that’s what that’s about 12 percent away. You go down to the next target, 7600. That’s 14 percent. Then we’ve got 17 percent. And then we’ve got 20 percent. So there’s a lot of downside potential for Bitcoin in this case. But in all honesty, it probably is unlikely to go down anywhere near that low because, as I said, we do have that bullish setup within this market leading up to the harvesting at the moment. So it is actually a little bit unpredictable in that sense. And I should I should maybe even say foolish to expect. It’s foolish to expect that Bitcoin will be dropping lower. This currently quite a lot of positive sentiment in this market and an at a time like this. I will say that, you know, it would make sense if we do kind of get some more extreme volatility again, that that volatility will be in the upwards direction. Really, really important stuff over there. Let’s take a look at the Ichi Mogel. Go out and see what things like that are telling us on the four hour chart. We’ve got support right below this symmetrical triangle, right below this descending triangle. We’ve got a lot of support and it lines up with the previous lines that I had drawn, which were supposed to be resistance levels. To be fair, they were. If we look at the five minute once again, we did kind of consolidate at each resistance level that I had drawn out a long time ago. But considering that we didn’t find resistance on the way up, I don’t expect that we’ll find support on the way down. So if we crash down, I think we would go right down to the bottom. But the good news is, you know, before that happens, there is that each Moku Cloud providing us some support on the four hour time frame. Let’s take a look at the moving averages. The four hour moving averages supporting us right now, really setting the kind of stage for Bitcoin to rise up to those resistance levels, especially considering that it could be a symmetrical triangle that Bitcoin is playing right now. We’ve also got that on the one hour time frame. Actually, we’ve lost our spread in the one hour time frame. So that’s just because we’ve been trading mostly sideways. That’s bound to happen. Take a look at the one day. And yet, as I have been updating you on over over the weeks, we are actually getting over the days actually we are getting all of these moving averages crush crossing bullish, which is saying that momentum has shifted from the downside to the upside, which is essentially another way of saying that the short term bullish trend is becoming the long term bullish trend. That’s one of the signs that that’s happening. It’s one of the one of the objective signs that that is happening. So really important stuff there if we can get objective signs to measure the progress in the market. We want to take it because objective measures are better than subjective measures. So that’s a pretty reliable one. In my experience and we do have that support below us. So I think it is a pretty good setup for Bitcoin if it does end up kind of, you know, getting one more pub before the halving actually happens. Here’s the thing, though. Are other than that, other than harvesting. I don’t see much reason for Bitcoin to continue rising. You heard me giving you warnings about this for a long time now since we got this rise up. There’s too much positive sentiment in the market at the moment. And the fact is. You know, at the end of the day that we still we still had, you know, more than a 50 percent dump and all the way down to the three thousand eight hundred dollar level from this high. You know, that’s what, like a 60 odd percent drop. We still had a massive dump. And and truth is, you know, we didn’t we didn’t end this as we should have. You know, the way you end a market cycle that starts like this or continues like this is you consolidate sideways and accumulate. And and there is no chance for accumulation here. So this I still maintain that this is not how a bear market ends. None of this is how a bear market ends. And I think we’ll go back to it. I think that it’s quite likely will end up dropping lower. And that’s why I keep on giving you guys these were warnings. You know, that I think there is still this possibility here, which no one’s really talking about now because, well, it’s not exciting to be the guy who’s warning about doom while everything is rosy. But again, I have to reiterate, this is where it’s important because it takes balls of steel to be saying at levels like this or even level slightly higher because I’m not closed off to the idea that will rise up to 10000. It takes balls of steel to say, actually, this trend might be running out of steam. But what happens at resistance levels, resistance levels like 9400 that we had drawn out resistance levels like 10000 that we had drawn. You get rejected, right? I mean, we got rejected at this level at nine thousand four hundred dollars. That’s not a coincidence. You know, you get rejected at resistance levels. That’s the point. And and especially considering that this move is clearly happening in anticipation of the hard hitting once that’s removed and the floor beneath Bitcoin is gone. Is Bitcoin just going to go into freefall again? Well, what a fucking setup for that to happen. I mean, that’s exactly what happened last time. So could it be that we’re looking at a similar pattern once more? Very likely, in my opinion, very, very likely. That’s kind of you know, that’s something that I have to be aware of. The other thing is, you know, it’s kind of it’s moving in line with the stock markets, broadly speaking. You know, with take a look at the U.K., one hundred and exactly the same image on the U.K.. One hundred, you know, pretty much since the 12th of March, which was over here. Bitcoin has been correlated with in fact, let me let me just throw Bitcoin on top of this so you can see exactly what I’m talking about. And I mean, it’s perfect. It’s it’s the best correlation you could ever ask for. It’s Christmas, really. I mean, look at look at this. I mean, it’s how could it be better? I don’t get it. You know, setting a low on the 17th of March, then having the rising wage up. All the markets are forming this. And we have to ask ourselves, is this warranted? Is it warranted that global markets are rising like this during the corona virus pandemic where it’s already dumped massively? You know, if you if you can dump this this much in such a short period of time, then. What makes this a real rally? I mean, we see this all the time and then you throw onto the mix. You know that companies are still losing billions of dollars, millions and millions and millions of people are unemployed. Governments are just going through quantitative easing, which which isn’t exactly a long term solution. You know, you look at it that way and then you ask yourself, is this a sustained rally which is going to be the beginning of the economy, recovering and flourishing again? Yeah, maybe not. Maybe not. And considering Bitcoins correlation with with the rest of the markets globally, I would expect that that continues. So it’s I think it was when Bitcoin topped. Yeah. Right over here at ten thousand dollars. This is where it started being correlated with the other markets. And you can see I mean, it’s exactly in line to the point where you can’t really distinguish bitcoins line because it’s so in line with the FTSE 100. If I position the chart a little bit differently right there, you can’t distinguish each line anymore. And that’s because it’s so. Clearly correlated. So, yeah, if these markets start to dump the FTSE 100, the DAX, you know, the S&P 500. Let’s take a look at the S&P. You know, if they start to correct lower. I fully expect that Bitcoin will do the same thing. And that’s actually do some analysis on this just to see where those resistance levels are. I’ll be close to resistance on the S&P 500. Let’s take a look. You know, there’s some resistance over there. There’s some resistance over there. Some more over there were basically trading right in resistance at the moment. Let’s draw a box extending all the way. And I mean, yeah, we’re right we’re right over there. I’m sure the V.P. VR is going to visualize exactly the same thing for us. Let’s confirm that on the V.P. VR. Yeah. And right there, we are seeing a bit of a spike and the spike continues all the way up to 3000 points and above this year. It would be kind of rally time. But will the S&P 500 get that high? I don’t really think so, especially given everything I’ve said to you over the past one or two minutes. And with that in mind, you know, it could be the catalyst to provide another 30 percent dump after the harvesting happens. And quite crucially, that’s exactly what happened during 2016 after the last hovering. You know, we kind of we traded upwards into it. Then we went sideways a little bit and then we dumped massively and then we recovered higher. So are we looking at a similar set up for Bitcoin? Well, so far, all the pieces of the puzzle are there. All of them. So it could very well be the case. And, you know, I think it’s quite important to point out we’re realistic on this channel. You know, you and I, everyone watching and subscribe to this channel. I like to think that we’re not emotionally invested in anything, you know, not especially not Bitcoin. You know, like, it’s it’s just stupid. And and that allows us to recognize that Bitcoin is not invincible. You know, if Bitcoin can correlate the markets like it did over here from 10000 down to 3000, then then it’s not immune from from worldwide turmoil. And and that means if things continue to get worse than then, yeah, bitcoin will be affected by it, too. And the point I’m trying to strike here is what a beautiful setup for exactly that to happen. What a beautiful setup. It would make so much sense. So I’m being aware of it. I’m letting you know what’s going on. What we do know, though, is no matter what happens in the lead up to the harvesting and afterwards, we are going to have a decent amount of volatility. We have been having a decent amount of volatility. Take a look at a message I got from a VIP member over here 10 days after joining VIP. Showing me that he managed to pull a quadruple digit a four digit profit in percentage within 10 days of being in VIP. Again, this was down to the old coin analysis that we carry out in VIP. As I say to you, we’re not just taking a look at Bitcoin in VIP, but all of the coins over here are also analyzed within the group where I’m sharing with you the setups I’m seeing and the opportunities I’m seeing in the markets. And this member over here, after seeing that, was able to take a closer look at REPL and and then and then and book a profit that I’m even jealous of. So the student rising above the teacher right there. Super, super cool. And the point is the point is, guys, it’s not like we’ve lost that volatility. We still have seven days until our harvesting and then we still have after the harvesting. And you know, what the harvesting brings is volatility beforehand during it and afterwards. So it’s a beautiful setup for some very, very interesting things to happen. And I’ve definitely got my eye on it to kind of make sure that, you know, when I see those trading opportunities, I’m taking advantage of them. I already have some ideas and I will keep you updated on them in VIP. VIP is already know some of the things that I am looking at. Here’s another message that I got from a member who used to be in VIP. I think he was in for a couple months and and a book and a beautiful triple digit profit. Again, all this stuff is happening right now. I mean, guys, this is the time that people are making money in the market. Also, equally, it’s the time of people are losing money in the pocket. But right here, this member who used to be in VIP mentioning that, you know, he he was able to pull this after being in VIP and learning what he needed to learn and then kind of, you know, able to go out on his own, which is absolutely amazing. It is very much something where even if you’re in for a month, the kind of things you will learn and see could very well set you up like this person. Probably my favorite message as part of this testimonial is that, of course, he only has a quarter of his position left because I taught him the importance of taking profit. What you see in the VIP group is not just my words, not just, hey, I think it’s very important to take profits. You see me doing it over and over and over, day in and day out, weeks, months, years. You see me exercising the same level of very, very extreme risk management and discipline exercised within my trading game. Not just me saying it, but me showing you that I’m doing it like right here, even though I think that this profit can go up to 60 percent. I’m very happy to close part of my position at 25 percent and and really reinforcing those lessons with real world examples. It’s extremely valuable. And this personal is very happy with that risk management. Yes. It means that you have less euphoria when you’re done with your trade, but it means that you’ve now allowed yourself to book profits more consistently. And I think, quite crucially, having euphoria during trading. It’s fun and it’s cool. And don’t get me wrong, I love it. But it shouldn’t be a drug. You know, you shouldn’t be getting your highs from trading. Or I should say you shouldn’t be seeking highs from trading. That’s where mistakes start happening, because if you’re seeking highs, you will get lows. And we don’t want that. We don’t want euphoria all the time because that means the emotional swings are too extreme and that means things go down as well. So it’s really, really important to have that balance going on. And quite crucially, you don’t just hear me telling you about it. You hear me. You watch me exercise it in real time with the same market that you’re looking at as well. It’s the first link in the description down below. Then click on the app for flight bottom button at the bottom of any post in full flight gold and click on Send Message to ask me how to join the group. I’ll give you all the information about the group or the benefit you’re getting. All the pricing options really, really cool. And it has it has been really popping off lately. Definitely something I’m very proud of. Again, only 10 days into being in VIP. So this is absolute pure gold that we’re dropping all over the all over the experience and VIP at the moment. Super, super cool. The other thing I’ll mention is we’ve had a lot of people taken up the yearly plan lately. And the good news with the yearly plan is, is yes, it is obviously the most expensive plan we offer. But you’re getting the entire advanced course for free. And that’s worth, I think. I don’t even remember. Maybe it’s something like point three, point four BTC. You’re getting that for free within the price of VIP. What that means, crucially, is when you’re in VIP, you’re seeing how I’m implementing the strategies I use. And when you’re in the course, the advanced course, you’re seeing what my strategies are and how they work and all the nuances to them. All the little quirks you’re learning, the more so what you do is you see the theory and the course and you see the practical you see the implementation in. VIP. That is a killer killer combination. Of course, you also don’t have to worry about time constraints because a year is a bloody long time and Krypto a year is a really long time in crypto U.S. price movements that happen over a year in crypto. That would happen in 10 years. And gold, for example. It really is quite volatile. So, you know, it is sticking in for the long run. And the group, by the way, in one form or another, has been around for three years now. We’ve hit three years as of this month. So or as of one of the months earlier, I don’t even remember maybe April. So that’s a huge achievement. Three years in the crypto space is a lot. You know, I mean, this is not a mature space yet. It’s getting mature. But to have three years under your belt is is an achievement that I am extremely proud of. You know, that that I’ve stuck with this and seen people gaining profits all the way through it. Some people actually still around six twenty seventeen shout out to you guys. And and it is. Yeah. It has been absolutely awesome. So here’s to another three years. Definitely sticking around for the long run. I’m sucked in this game. I mean, I you know, I get you know, as I said, I get my highs from this game. I love it. I don’t seek them. But they come naturally and and quite important, you know, that I’ve never seen a way to make more money than trading. You know, it very much is exponential. And as long as as long as that stays the same, which is it’s been the same for hundreds of years. I’m still I’m still interested. So. Mm hmm. It’s fun to think about where Bitcoin might be in twenty, twenty, twenty one in May this time next year. I’ve got no bloody clue. I have no clue. I don’t even care. But just just kind of knowing how many how how much things have changed over one year. It makes it interesting to kind of just just entertain the idea of what might happen in the next, you know, cause. Who would have thought we’d be over here? You know, this time last year. This is where we were this time last year. Yeah, pretty much. I mean, you know, we were at the we were we were in the in the low eight thousand dollar range. This time last year, maybe actually, you know, around six thousand dollar range. And here we are again, full circle. You know, we had a massive fluctuation in between those of you who have been around for a long time. You’ll also remember probably my most my most unpopular theory. It’s happening to a T. At the moment, my most unpopular theory is we would be fluctuating between these price levels just kind of with with massive swings. To be fair, with massive swings, we would be fluctuating between three thousand and fourteen thousand dollars or actually, I thought between three thousand eight thousand dollars four years. And there that’s that’s what we’ve been doing, you know, since this since this point in the market, we’ve been fluctuating between these two levels. And how long has it been? Let’s take a look. In terms of days. It’s been eight hundred days. Eight hundred and thirty days. So, yeah, you know, it’s it’s absolutely it looks like it’s the case. It’s actually it’s not that bad. You know, the fact that we’re kind of we’re having all these fluctuations over such a long period of time and we’re staying between three and fourteen thousand dollars or in this case three and maybe ten thousand dollars are what it means is there’s lots of swings in between. And quite importantly, there’s there’s a lot of price history. So it becomes easy or easier to predict where Bitcoin might go. Always looking on the bright side. Right. I hope you have enjoyed this video. If you have, you know exactly what to do. Head of those like subscribe. Take the bell and I’m out. By.