BITCOIN & ALTCOIN WARNING: Don't Be Fooled!!! - Bitcoin News Today, Ethereum & Altcoins

Hinzugefügt: 2026-05-17

[00:00:00]Welcome back to the crypto channel everyone. My name is Josh and right now Bitcoin is still rejecting from this major resistance in the immediate short term as the price is now getting extremely close towards this massive liquidity building towards the downside below the price of Bitcoin which I'll talk about in just a moment alongside Ethereum which is now actually bouncing from a key level of support in the immediate short term while the price of Salana is further playing out this short-term warning signal the bearish divergence. but now testing and running into a major very significant area on the price chart potentially now acting as support based on previous resistance.

[00:00:40]So I'll be talking about all of that and more later in the video. So definitely watch to the end.

[00:00:45]First of all, just before taking a look at the Bitcoin and crypto charts today, taking a quick look at the US stock market today. This is the S&P 500 index on the 4hour time frame. And I'm recording this video just after the stock markets closed for the day. And we're continuing to see a bearish divergence form, but not yet fully confirmed because we've just now created a new higher high in the price over this last one day here while the RSI is still forming lower highs. So once again, this means that at least for now, it's not fully confirmed. We have to basically reconfirm this again by actually cementing this lower high again in place in the 4hour RSI for the S&P 500 index.

[00:01:25]But once again, as we're continuing this bullish trend, we're just simply forming, at least for now, a larger and a larger bearish divergence. The RSI is struggling to create higher highs while the price is creating higher highs. And so ultimately if this actually properly confirms and starts playing out at some stage, maybe in a few days from now, maybe within the next one or two weeks, but if this actually starts confirming and plays out, then obviously this could result in potentially a bit more of a cool off, potentially lasting for over a week at this stage, considering the size of the bearish divergence. Ideally for the bulls out there, we want to actually see this play out very quickly and not get any larger because if this continues to form a larger and larger bearish divergence, the outcome could also potentially be much larger or much more significant compared to obviously a much smaller bearish divergence playing out in a very short-term move. And so just keep this in mind. This is a potential warning signal to continue to pay attention to. Not yet fully confirmed, not yet fully in play, but once again, a potential warning signal which could result in a bit of a slowdown, maybe a slight pullback at some stage within the next couple of weeks or so. Not necessarily right this moment. And of course, overall, the trend remains bullish. Even if this confirms and starts playing out, it's possible we can remain in a larger bullish trend, maybe just have a bit of a short-term setback before continuing higher. So, that is the situation for the US stock market.

[00:02:51]And if we're taking a look at the Bitcoin charts today on the weekly time frame, super trend indicator still sitting in the red and still playing out this oversold signal in the weekly Bitcoin RSI. So obviously on the weekly time frame, nothing's really changed at all over the last 1 day. And if we're taking a look at the 3-day Bitcoin price chart, remember despite seeing shortterm calloffs and short-term pullbacks on the smaller time frames, technically speaking, the price structure and the trends that we're currently in is technically bullish. As I've been saying, especially ever since we broke out above around 76,000, that was a massive change in price structure, obviously, for the bullish direction.

[00:03:27]And so, once again, understand the difference between the different time frames, understand the difference between a short-term pullback, a short-term warning signal occurring during a bullish trend. So, at least for now, the current trend once again is remaining bullish, especially while we're still holding above this area in between 72,000 to 76,000. That is the crucial area to hold above to basically remain in this bullish price structure here on the 3-day time frame. And the next massive resistance to watch out for on the 3-day time frame is sitting at approximately 86,000.

[00:03:59]And if we're taking a look at the 4hour Bitcoin price chart, obviously right now we're continuing a bit more of a rejection here from that shorterterm level of resistance. Still sitting at around 82,000. So once again, continue to expect strong resistance at around 82 half th000 which is exactly what we've seen recently over the last few days.

[00:04:19]But as for support obviously we're still hanging around this level of support sitting at approximately 79.3K.

[00:04:26]Now obviously over the last 1 day we did confirm one candle close on the 4hour time frame slightly below 79.3K but then immediately the very next candle close was back above 79.3K. So once again, at least for now, we're still kind of holding that as support. But if we actually start confirming the break towards the downside and especially if we fail to get back above that level in that situation, the next support would be sitting around here at roughly around 78,000 to 78.5K.

[00:04:55]And below that, if we break below around 78,000 in that situation, we could possibly see a move down towards roughly 75,000 as the next important support, at least in the shorter term. And so obviously these other points of support at roughly 78K 79K are obviously crucial for the price to hold above in order to potentially avoid a drop towards these lower levels. But once again, as I've been saying this entire time during this short-term pullback, yes, we'll likely see little pullbacks and cool offs along the way, especially as a result of short-term warning signals like this bearish divergence or running into resistance, for example, or losing momentum, things like that. But keep in mind those are not necessarily reversal signals as we saw back here. Once again we have similar price action in the moment compared to what we saw back here. Obviously a bearish divergence in the price on the 4hour Bitcoin price chart. A double rejection from this resistance resulting in a bit of a pullback in the shorter term just like what we saw here. A bearish divergence, a double rejection from resistance at the highs right here. Bit of a pullback in the shorter term. But keep in mind once again that still occurred during the bullish trend. Yes, in the immediate short-term move, it was bearish just in the shorter term, but during the bullish trend. So, once again, understand the difference between the immediate short term and the overall trend that we're currently in. And in case you're wondering, I'd only start flipping much more bearish again on the price of Bitcoin in terms of the larger moves on the price chart, not just the short-term moves, but I'd start to expect a lot more bearish price action if the price of Bitcoin breaks back below this area on the 3-day time frame. once again in between 72,000 to 76,000. So especially if we start breaking below around 72,000, that would be a massive bearish signal likely pointing towards prices below 60,000. That is right. So that would be the point where I'd start to flip much more bearish again. But obviously, at least for now, we've not yet broken back below that area. At least for now, this price structure, at least in the somewhat shorter term relative to the 3-day time frame, is still currently bullish. But once again, expect cool offs and pullbacks along the way, which is exactly what we're seeing right now. And this could possibly continue a little further in the immediate short term due to the fact that we still have liquidity, massive liquidity building below the price of Bitcoin, which is exactly what I've already been talking about over the last multiple days here during this short-term cool off. as expected.

[00:07:19]Obviously pointing towards this massive liquidity towards the downside at roughly 77 12,000, especially in between 77.3K to 77.6K and also a small amount of liquidity at around 78.1K.

[00:07:34]And so those are potential price targets to pay attention to. As always, not financial advice, no guarantees, but usually the price of Bitcoin tends to move towards where we have a lot of liquidity. And obviously in this situation the liquidity is sitting below the price especially at roughly 77 and a half thousand once again as a major price target kind of acting as a magnet drawing the price towards that level.

[00:07:58]Once again that's sitting around here on the price chart. So it's possible for example that we could dip a little lower towards that liquidity and then maybe see another slight little bounce. Let's just say if we dip a bit lower we could start to hit oversold on the 4hour RSI which could be a short-term signal telling us to expect some sort of bounce. And of course, it would also depend likely on what the US stock market is doing here. Of course, if the stock market is still holding at close to all-time highs, continuing this bullish trend, then it's likely that ultimately at some stage, Bitcoin will come back up and ultimately try to continue this bullish trend. And so just in the immediate short term, talking about the next one or two days or so, once again, I do expect the price to slightly be drawn towards this downside liquidity, show a little more weakness in the shorter term, maybe some choppy sideways price action, maybe a slight little pullback, but once again, at least for now, this can still be occurring during this larger bullish trends that we've seen for over a month now. So overall, those are my expectations in the shorter term, the overall trends, the key levels and price targets to watch out for moving forward for the price of Bitcoin. And of course, if you want to trade any of these moves in the price of Bitcoin or any crypto, get set up ready to go on a crypto exchange using one of the links below this video in the description or in the pinned comment. If you want to take advantage of massive bonuses and fee discounts that you can claim and take advantage of using those links below the video to those crypto exchanges. So, especially if you're going to be trading crypto anyway, obviously you might as well take advantage of those extra bonuses and fee discounts using those links. But with that being said, taking a quick look at the Bitcoin dominance chart on the daily time frame. And right now the Bitcoin dominance is obviously having a short-term setback, but for the most part in the somewhat shorter term here, we're relatively neutral. We're not really seeing a massive crash and obviously not necessarily a massive pump. At least right now in the shorter term, we're kind of just bouncing around relatively sideways as we've seen over the last half a week to almost one week now, which means a lot of the major altcoins out there on average will likely perform similar price action to what Bitcoin does. So obviously with Bitcoin having a bit of a short-term cool off at the moment, but possibly still remaining in this bullish trend, then of course it's likely we'll see something similar to this for a lot of the altcoins, at least right now in the shorter term. And if we're taking a look at Ethereum on the 3-day time frame, it's clear that the price of ETH is still struggling a lot in this area, especially at around 2.4K. Still acting as very strong resistance for the price of ETH. And if we're taking a look at the shorterterm moves on the 4hour time frame, once again, that bearish divergence played out very nicely here with that short-term pullback. And then first of all, we saw a perfect bounce from this point of support here at around 2260 to 2270. But then since then, over the last 1 day, in fact, a matter of hours ago, we have broken below 2260 down towards this next point of support that I've been talking about here on the channel based on this previous low back here. And that was sitting at around 2230 approximately.

[00:10:47]And so right now in the immediate short term around 2,230 is the immediate support to watch out for. And if the price would actually break below 2230 in that situation, I would expect a lot of support based on these lows sitting at roughly around 2180. So keep that in mind. And as for resistance, we're now testing this previous point of support, which could possibly act as a bit of resistance in the immediate short term, sitting at once again around 2260 to 2270.

[00:11:15]And if we break out back above that area, obviously that would likely flip into new support again. And the next resistance would be sitting at just above 2.3K, around 2310. And above that, I would expect more resistance at around 2370 and especially closer towards 2.4K, as I said earlier. And in the immediate short term, we are possibly forming a bit of a bullish divergence here on the 4hour Ethereum prior chart as we do clearly have lower lows already confirmed in the price in the candle closes. And right now, we're just now starting to potentially confirm this higher low in place in the 4hour Ethereum RSI, which is once again a short-term bullish divergence, a very small bullish divergence, which maybe over the next day or so could result in either a slight little bounce or maybe a bit of choppy sideways price action as honestly the most likely outcomes from a bullish divergence. That's basically my exact expectation, my exact prediction in the immediate short term. But with that being said, taking a quick look at the price of XRP on the weekly time frame. Obviously, we've not yet fully confirmed the reversal out of this larger bearish trend, but we're still holding this massive level of support at around $130. So, not a lot has changed on the weekly time frame over the last 1 day. And if we're taking a look at the shorterterm moves, looking at the 4hour XRP price chart, obviously right now XRP is following very similar price action to Ethereum and Bitcoin. And a lot of the market once again is following very similar price action to Bitcoin at the moment. is what I said earlier with the Bitcoin dominance looking somewhat neutral in the shorter term. Which means of course with Bitcoin likely experiencing a bit more of a cool off in the shorter term, possibly moving closer towards that downside liquidity, but remaining overall within the bullish trend, expect potentially something similar to that for XRP. Maybe a bit more of a call off, bit of short-term volatility, maybe a slight little pullback at some stage in the next 1 or 2 days or so, but then potentially another bounce maybe in a few days from now to try to come back up towards some of these points of resistance. And as for support and resistance to watch out for, we do have a lot of support around here at around 141 approximately. And below that, the next important support is at around $138 and also more support around 135. And as for resistance, we have a lot of resistance closer towards around $1.45 and obviously closer towards $149 as a significant level of resistance. And if we're taking a look at the price of Salana on the 3-day time frame, obviously we've not yet fully confirmed the reversal out of these larger bearish trends, but in the shorter term to midterm, we're still in this massive sideways browse range, bouncing between support and resistance.

[00:13:50]So, we still have strong support in between $75 to $80 and strong resistance in between $95 to $105, which is exactly where the price just rejected from again perfectly a matter of days ago. Now, as we can clearly see right here, still acting as very strong resistance for the price of Salana. And if we're taking a look at the 4hour Salana price chart, obviously just over the last 1 day or so, 1 to two days, the price has been perfectly playing out this short-term warning signal as predicted. Once again, this warning signal is of course a bearish divergence which basically extended a couple of times, reconfirmed a couple of times with new higher highs in the price, but continuing to form these lower highs in the RSI over the last half a week approximately and then once again finally confirmed and started to play out in the form of a short-term pullback. One of the most common outcomes from a bearish divergence. But right now, we're testing this previous significant area of resistance now acting as support as we can see. And that's sitting in between around 8860 to $9070 which so far once again we are bouncing and holding this area as support. So while we're holding this area at least that is some short-term good news which could potentially prevent more bearish price action in the shorter term. It could maybe result in either a slight bounce or choppy sideways price action. But honestly, with this bearish divergence potentially still playing out, still influencing the price, considering it's not yet been invalidated, but also considering the price running into this significant point of likely now acting as support, it's likely that the price will kind of just consolidate a little bit as we're running into support, but also failing to see bullish momentum due to this bearish divergence still influencing the price in the shorter term. And so overall, that is my exact expectation in the shorter term for the price of Slada, which is also in line with my expectation for Bitcoin. Kind of just cooling off a little bit, showing some weakness in the shorter term. We're likely going to see something similar for Salada here. And if we're taking a look at Chain Link on the 3-day time frame, right now, the price of chain link is actually retesting this major area of previous resistance, likely now acting as new support, and that's sitting in between around $950 to $10.

[00:16:00]So obviously, as I've already been saying over the last half a week, approximately for almost a week now, this could potentially open up a decent opportunity for some sort of long position. If we actually hold this area as support if we succeed in this retest and hold this area in between $950 to $10 as support, then once again, that could potentially basically open up some sort of opportunity to open a long position for this breakout trade towards the next price target. As always, not financial advice. I'm just simply sharing what I'm looking at potentially doing myself with my own money. Now, as of recording this video, I've not yet opened a new trade here for Chainlink, but basically I'm watching this very closely. If we continue a bit more of a retest here and actually start holding above this and actually bouncing from around this area, then basically that will be the signal that I'll be watching out for potentially already happening or happening very very soon here for the price of chain link. That would be the signal that I'll be watching out for to actually start potentially entering into some sort of long position for a bit more of a swing trade towards the next price target, which in case you're wondering, the next massive price target or point of resistance that I'll be watching is sitting closer towards around $12. And as always, once again, not financial advice, but measuring from the current price to that price target, that's about an 18% move towards the upside with no leverage. So, for example, a 10x leverage long position in that situation would be around a 180% profit. So, obviously, once again, potentially a major opportunity here, but not financial advice. I'm just sharing an example of what I'm looking at potentially doing myself. And of course, the point of invalidation would be if we break back below $950 to $10.

[00:17:41]If we actually fail the retest and actually just fully break back below that area, then obviously that would invalidate this breakout and invalidate that entire trading opportunity. So just keep that in mind. That would be the short-term risk to consider with any potential trade here. But at least in the immediate short term, talking about the next one or two days, we're likely going to see something similar for chain link as what I said for Bitcoin and other old coins, just in the shorter term, which is basically a bit of weakness, maybe some sideways price action, cooling off a little bit, not necessarily having a massive crash, but also clearly lacking bullish momentum at least over the next 1 to two days, is likely going to be the situation here just in the immediate short term for the price of chain link and a lot of the market on average. But remember, if you want to trade any of these moves in the price of any crypto, get set up ready to go using those links below this video to those crypto exchanges in the description and in the pins comments. If you want to take advantage of massive bonuses and fee discounts that you can take advantage of and you can claim using those links if you want to. And of course, if you want to actually know how you can trade these moves, no matter what direction the price goes to profit at all times in the market, then make sure to watch these videos popping up right here on your screen. Because the video in the top left shows you how you can profit from bullish or bearish price action using long positions or shorts positions. And the video in the bottom left shows you how you can easily profit from choppy sideways price action. But anyway, that is everything that I have to say for today. I really hope you enjoyed and I'll see you all in the next