What’s up, guys, crypto savvy here, welcome to the channel where you subscribe to get daily updates every single day on Bitcoin lite coin. And if theory, um, if you have not subscribed yet. Definitely consider subscribing to the channel to keep updated daily. Also, I want to remind you, as a free dischord group in the description below the video, definitely check it out. It’s a great crypto community, guys. And let’s get on with it. All right, guys. As always, is that financial dice trading advice, nor is it investment advice. Always do your own research as a disclaimer scrolling on the bottom, make sure you read it. And remember, this is my opinion, not yours. All right. So let’s take a look at the news headlines and we’re going to talk about. Are we in a blow off top? Are we going to go down from here? Do we have one more leg up? Are we going to break the 10 five? We’ll talk about that and see what the possibilities are. Let’s get a feel for the sentiment. Get set for Bitcoin having. Here’s what it means. That one’s back from April. Bitcoin price spike as having approaches. Miners in Europe gear up for Bitcoin. Having Bitcoin outlives first Web site, declared it dead, has tons of Web sites declared it dead. Crypto market grows by 13 billion as Bitcoin breaks the ten thousand dollar range. Cryptocurrency market jumps by 13 billion driven by the Paul Tudor. You guys ever heard about that? Check it out. Open positions. I’m Bitcoin options pass one billion for the first time. Bitcoin exchange traded product is now trading. Bitcoin emerges markets in Latin America. So not really too crazy in news, but it is more bullish than bearish. Now let’s look at the Crypto Fear and Greed Index. And we’re at fifty six. We raise one point from yesterday. We are still in the greed. Let’s look at the monthly. So on the monthly chart here, as you guys know, if you’ve been watching channel and if not, we have these two trend lines here. Depending on where we close on the monthly, if we closed, belove it above it. That is bullish because in the center, that’s going to be neutral. If we closed below the 80 550, that’s going to be bearish, in my opinion. And we do have the AVMA sitting around the eighty four hundred right now. Fifty five that I still believe there’s a good possibility we come down and test it right now is around the fifty one hundred. Obviously it moves up slowly as we go. So depending on how long. If we do go test it will depend on where it’s at. Let’s look at the weekly and for you guys that I’ve not watched the channel, we take a look at both the bullish and the bearish case scenario. It’s up to you to make up your mind and learn where the where the pivot points are, where you make your decision. So we are going to look at. We’ll get the RSI out of the way. We’ll take a look at that as a second. So we’ve been looking at this in yellow as a falling broadening wedge, which is a bullish pattern. And if we were to which we did break that, if we were able to hold above it. Keep in mind, we have to break that. It’s around ten thousand five hundred and fifty range. We break that close a daily over that my targets around the sixteen thousand dollar range. And that’s if we like I said, if we remain above this falling, broadening wedge and do not go back inside it also, we would have to breach the ten thousand five hundred and fifty to go up to that. I do have lower targets down here. Around forty five to forty six hundred would be retests in this yellow trend line on the bottom from back here in 2017. I also have the white thicker line on the bottom, which makes us look like a big triangle here, and that is back from 2016. If we were to come back and test set or you’d be around the twenty eight fifty. And guys, I’m not saying we’re going this low. I’m just giving you your possibilities and this bottom trend line on this falling broadening ledge. If we were to retest it again, that’s the infamous thousand dollar bitcoin that people, they talk about it whenever we go down a little bit and then they quit talking about it and they start talking about a million dollar Bitcoin when we have a 500 dollar pump. So, yeah, just hype channels, guys. Be aware of what’s really going on. Don’t get too crazy. We will take a look at the very bullish case scenario. Like I said, if we break this time five, my target would be around the sixteen thousand dollar XOMA if we took a measured move off of this big triangle, say we broke above this today and continue down from there, which I highly doubt but never know. We’d be looking at around a thirty thousand dollar bitcoin maybe possibly by the end of the year or by the end of next year. But look, again, until we break this top line and close a daily above it. None of that is looking likely as of yet. Want to remind you, too, of this. My wife’s web page incremented dot com. She makes these t shirts. You can see what she has on here. She can put anything you want to any coin you want on any of this stuff. Definitely check it out to help sports channel, guys. And don’t forget to give it a thumbs up. Make sure you hit that like button. Make sure you subscribe to the channel. If you have it and leave your comments down below. Let me know what you think is going on with Bitcoin. We’re going to take a look at the Daily Know. Oh, go back to the weekly. We did not look at the RSI. I do want to do that. We talked about this falling channel. And if we have a close above this on the weekly, which closes tomorrow, I think it’d be pretty darn bullish if we close outside of here. Even if we do, I think we come back down and test it before continuing up. But remember, the the RSI follows the body of the candle so we can still close down inside this channel if we do, guys. That’s going to be very bearish for me. I think we’ll be coming back down to test this white trend line. Let’s look at the daily. All right. So we’re going to take a look at some measured moves here. Then we’ll take a look at the RSI. We look at the e-mails here. Obviously, they’re very bullish and it does look like the fifty five is going to cross the two hundred within probably buy. I don’t think that would happen tomorrow by the beginning of next week, but that’s a very bullish sign. But keep in mind, a lot of times that’s a fake out. And when it comes to cross, we have a huge drop. So this target up here, we had it. It obviously moves up by the day because I’ll show you why. Looking at this rising, broadening wedge that we broke down from here come to retest the bottom of that trend line. If we were to hit yesterday would have been around ten thousand one hundred and eighty. That was the area I was talking about. And right now it’s around the ten thousand two hundred and twenty five area right in there. If we were to get a bump up today. Now, if it was tomorrow, it’s going to be even higher around the ten thousand two hundred and sixty. So if we do get a bump up or more leg up today, we could be looking at that ten thousand two hundred and twenty five dollar range. If that breaks, then as you guys know, the next target set 10 five area. If we break that ten thousand five hundred and fifty and closed daily above that, again, we’re really bullish. But I still don’t think that’s going to happen. Let’s take a look at this. People are looking at this as a bull flag, although I don’t consider it one because of how it formed. I would expected a touch on the bottom. Touch on top. Bottom. Top before ABC. But we will stay still, take a measured move off that. If this is the case, I would be expecting us to come down and at least retest the bottom of this, which would Priceline up with the AVMA on the daily. Now I’m right around the 80 or 90, three, 80 to 90, 400 dollar range. If we get a nice bounce there, we could be going up for our next test of this bottom trend line that I’m talking about. If we break that eighty three, eighty three, eighty or ninety three, 80 to 90, 400, if we break that, our next stop. Going to be around this thirteen hundred DMA, which is around the nine thousand dollar range. And if that breaks, we have the hold of a second. If that breaks, we have the eighty six, twenty five range, which is the point two, three, six Fibonacci retracement of the swing low to the swing high here. That would be our first retracement. If that was to break, which I think it’s going to, I think eventually we’re gonna break out of this rising channel here. We also have major supporter. Eighty five if they eighty five breaks. Next stop is the point three eight two fib, which is at seventy seven hundred. But if we look at this and take a measured move of the falling channel. If we fall out of that falling channel. Let’s take a look at where the measured move would and all depends on where we would say we broke it around the seventy seven hundred. We’re looking around the sixty two hundred dollar range, guys. That is the point. Six one eight Fibonacci retracement, which is a golden pocket area. Again, these will move if we come up to the 10 five that will have to move our swing high. But as of right now, what I’m looking at. Still looking for at least to come down to here. I believe we’re going to retrace to this area. I still have my main target at 54 17. I still think it is a high likely. It’s highly likely that we come down in Texas. I know that super bearish people are thinking the having it’s never gonna happen. This is just my opinion. Remember that. But I still think we’re gonna come down to this area, in my opinion, unless we break that ten thousand five hundred fifty, then it changes. But as of right now, that’s still what I’m looking at. Guys, let’s look at the RSI. So looking at the RSI, we had this falling, broadening wedge. We popped out of here, retested it, and now we are in a rising, broadening wedge. In my opinion, which is within this rising channel, it does look like we’re most likely going to come back down and retest this again. My opinion, we could come back up if we do go test that 10 five, that could be around the top top of this channel up here. There is bearish divergence here in the daily. And I will show you that if you look right here, we’re getting I mean. Let me make that bigger so you guys can see it. So as you can see, we’re making higher highs in the RSI and we go up to this peak here, we’re making lower highs in the price action. Even if we get up to that ten thousand two hundred twenty six, it will still be a lower high, still be divergence. So that’s looking pretty bearish to me right there, guys. Let’s go to the for our chart. If we did break this rising, broadening wedge, which would probably the bottom of this channel here, then we would be come back down and test the bottom of this. And that’s where I think we would get into these areas. So, so good for our for our e-mails, our kind of turning bearish. If we can break back above and close above the 90, 740 close, open and close a four hour above that, then we’re most likely headed to that two thousand five hundred. But like I said, I’m looking for a retest of the top of this triangle, at least at ninety three eighty. And we talked about what would happen if that fell down below that. Let’s talk about the higher targets now. If we were to break this upper channel. Let me. Put this over here. If we were to break this top and break that 10 five, the measured move of breaking this channel here would be around. Twelve thousand six hundred. So, again, guys, unless we break this ten thousand five hundred and fifty range. I don’t see us. Continuing up from here. Although if we look at the RSI here, we are in a rising, rising wedge and it does look like we need to come back down and test the bottom of this. We fell out of this rising, broadening wedge here, so. If we look at the RSI, if it came down to retest here, that would be around that ninety four hundred ninety three, eighty ninety four hundred. If we get a nice bounce, we could come back up, retest the top of this. That could get us up there to drop by. But again, if this breaks, guys, I’m looking for around the nine thousand then eighty eight hundred and eighty six hundred. And if that breaks like it said, we already talked about that. But but again, guys, I’m still bearish, totally bearish unless we break that ten thousand five hundred fifty and close a daily above it. But if we break the bottom of this rising wedge here, that’s pretty damn bearish. That’s getting us back down into these lower targets that we’re talking about. Let’s take a look like coin, same thing, rising channel here where the falling channel here, the measured move. If we break top of this falling channel, which as of right now is around forty nine dollar range, fifty four would be the top of this channel. And then I would expect a retracement back down to at least the forty four. Eighty three. And if that breaks, which I do believe it would, gets us back down to this. Between a thirty and thirty five dollar range, the thirty five dollar range is at the point six one a fib of the retracement of this move. But if we were to get back up to this. This is the point. Point five fib right here. Of this bigger swing, high to swing low, that would be around the fifty five dollar range, which would also still get up to the top of this rising channel. But if we were to break the bottom of it, like I said, around the forty four hundred, we would a bounce, at least a bounce here at the forty one dollar range has been major support and resistance. But I would be looking. Let me put this back. Down to where we’re at now, as long as this is the high that we’re at, these white numbers to even through the video are just Fibonacci retracement of this move. Guys, I want to remind you, I’m going to leave a prime SBT tutorial up top if you’re interested in leverage trading. Definitely check it out. You can trade derivative derivatives on commodities like as in oil, gold, silver, what? You can trade a lot more on prime expertise than anything else. Definitely. Check it out if you’re interested in trading. I do have promo codes down below 750, get you 50 percent bonus on top of whatever you deposit up to. One Bitcoin also savvy. Twenty five get you twenty five percent off your trading fees. I also use do Daxam prime or buyback. I do have those down below two and both of those have bonuses for signing up. Definitely check them out. I do get a small commission for you guys using them. But if you’re going to trade anyway, I’d appreciate it if you used mine anyways. Let’s that’s what I’m looking at. Guys, run this between 30 and thirty five dollar range as a retracement. If we’ve reached our high here, these move up a little bit. If we come up at fifty four and get rejected. Otherwise if bitcoin breaks the 10 five five then you know, then we’re looking at these higher highs. If we looked at a measured move of the break up from this rising change would be about sixty five. And we would have to break the fifty five. We break fifty five point six one eighths around sixty one seventy seven. And then the sixty five dollar, the highest I would see us going is two point seventy six at seventy one seventy five. So look at the RSI. The RSI of this falling channel, we had a rising channel within it broke down out of it, came back, tested, it got rejected. I believe we’re headed back down and test the bottom of this again, which will be, like I said, these lower lows. So get a theorem. Same thing. Rising channel. Take a look at the bearish. If we were to come down and break this point. Two, three, six. Most likely headed down to the open pack its own round the one forty two range. We also have the point seven eight six at the one nineteen. So the RSI, RSI, we have been playing with this bottom trend line of this rising channel here. As of right now, we’re back up above it. It does possibly look like this would make me a little more bullish on everything in the short term, guys. Not in the long term. Let’s take a look. This could be an inverse head and shoulders. Forming here. And if that’s case, we come back up for one more test tie and I’ll show you what I believe. That would take us two. And that would be looking at this falling wedge here. If we did a measured move of it to where we broke out, they’d get us up to run it. Two hundred and thirty dollar range, which is confluent with the support and resistance over here. So if we do get the one more leg up to the ten thousand two hundred fifty, I believe etherial will reach around the two hundred thirty dollar range which would retests this top trend line lite coin. I would be looking for the fifty five dollar range, fifty one to fifty five. If Bitcoin goes up for that one more leg. So yeah, that’s what I am seeing as of now. Thanks for tuning in, guys. Don’t forget to subscribe to the channel by clicking on crypto savvy logo, but my head hit that like button leave comments down below. Sorry, it was kind of all over the place. It is Saturday. I got less stuff to do. Just want to squeeze a video in for you guys. I appreciate you stopping in. Take it easy. Have a great day.