This video presents a comprehensive technical analysis of Bitcoin's current market position, examining key indicators including EMA ribbons, the 50-week moving average, rising wedge patterns, and liquidation maps to assess potential price movements. The analysis suggests that while short-term resistance levels may cause temporary price drops, the overall trend remains bullish based on the Super Trend indicator and historical patterns. The video emphasizes the importance of monitoring liquidity zones and global M2 money supply correlation, while cautioning traders about potential downside risks if support levels are breached.
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WARNING: Bad News For Bitcoin!Añadido:
Bitcoin is right now trading at critical resistance. In this video, we're going to cover the EMA ribbons for Bitcoin, the 50weekly moving average, the rising wedge pattern, the liquidation map, and some breaking news, and so many more important charts for Bitcoin. So, make sure to watch until the end and don't forget to like this video and subscribe to the channel. So first of all, Bitcoin is right now getting reacted by the May ribbons in imminent short term and we could likely uh drop lower last cycle.
We also got rejected by the 50 weekly moving average and the May ribbons before ultimately dropping lower. So that's a very very possible scenario especially with the fact that we got rejected over here and then dropped lower. So that's a possible scenario.
However, if we were to break above here, that would be ultimately bullish. Once that happened here, we saw a massive bull market playing out and we also have this rising wedge pattern, of course, that we have been talking about multiple times here on the channel. So, if we break below the support, things could get very very dangerous. If we pump above support or this resistance, we could see higher prices. And the liquidation map here, we have liquidity towards the upside, some liquidity. So that's why we could potentially pump to grab this top side of liquidity before dropping lower because we are going to go to the downside here to grab this massive liquidity towards the downside in my opinion. And Michael Sailor hints at buying more Bitcoin back to work. So that's extremely bullish. He's likely to announce another Bitcoin by tomorrow.
And if we cover Bitcoin super trend on the monthly, we have been covering the weekly and I've been telling you that this is the most important uh indicator especially on the weekly but this time we're going to cover it on the monthly. So actually we are still bullish since um Feb here of 24 because we actually bounced from the uh support here you could say. So of course a continuation towards the upside could actually be expected uh thanks to this um uh indicator because when the trend is bullish we are riding the trend towards the upside. However, if we're to flip bearish that would be very very bad. So this tells me that of course we could potentially see the pump towards the upside here and the continuation of the um bullish trend. Uh but the bad news here is that if we break below here entering bearish, we could see even lower prices and a drastic move lower for Bitcoin. So that's the bad news in my opinion. And historically we have seen two months during the bare market here um that are green for example over there two months. Here we saw only one month there in a row. Here was the two months consecutively. So two months maximum. So that's why I think May should end in red unfortunately. Um if history is repeating if this month ends in green that's the first time ever in a bare market when we're seeing three months consecutively in green. So that would be actually extremely bullish if that played out. But I still think me is going to be uh bearish. Uh we could potentially be pumping towards 84 to fill the gap and then head lower and that's why we are not dropping right now. But I still think ME is going to be bearish um when we look back at it in June. Um and global M2 is continuing towards the upside. Uh and we saw a massive correlation here um before August of last year. H but now we have seen a massive decoupling. But I do think Bitcoin is extremely undervalued.
So we could potentially see it move lower. But eventually we're going to catch back with Global M to potentially in my opinion at the list of a massive catchup move. So we don't want to miss that. So we need to be positioned at that time and point. So during the next few months, it's very important in my opinion to accumulating massively before the next uh move towards the upside. And actually if we cover Bitcoin versus gold and we are bouncing from the support here uh previous uh resistance there, massive level here. So we are bouncing and we could potentially pump to the resistance. If we break above there, it would be very very good and very very bullish for Bitcoin. H and that's now I think we could see continuation. So Bitcoin is actually outperforming gold now since March of 26. So for approximately two months now we have been outperforming gold. So this is great to see and we have seen it move towards the upside by around 45%. So that's actually very very good in my opinion and hopefully if we pump now to the resistance that would be the pump by approximately 25% against gold. So that would be of course very very nice to see. So hopefully we can pump now for Bitcoin versus gold and of course for the imminent short-term a reaction here would be a massive disaster both for Bitcoin but also of course altcoins. So we need to be very very cautious for the imminent short term because we have some massive levels that we need to watch. So um of course if we have a long positions right now we should have a tight stop-loss if things go uh goes against us. But I am actually in a massive short on BTC. Links are down below if you want to trade yourself on BTC. And I also have shorting positions on weeks. Link will also be down below to weeks. You can claim the best available bonuses. And I also have a crypto tutorial for both bits and weeks popping up on the screen very very soon. And uh if you're interested in daily analysis on Bitcoin, old coins, etc., make sure to destroy the like button so we can share this content to more people. And also make sure to subscribe with the notification bells on because we're doing daily analysis here on the channel. and um we're going to continue doing so for the next bull run, likely the next bull run after that and onwards. So, this is a great long-term investment to subscribe to this channel in my opinion. So, make sure to do that.
And actually, Ethereum also has been pumping massively almost at 2.4 again.
Uh S&P 500 still uh 7.4K. It's been weekend of course. It will be interesting to see uh how markets uh are going to play out tomorrow. So, make sure to watch uh tomorrow's uh and the video on Tuesday to uh see that. And uh thank you so much for watching this video. See you in the next video tomorrow morning. Bye-bye.
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