BITCOIN WARNING SIGNAL REPEATING (important)!!! - Bitcoin News Today, Ethereum & Altcoins

Added: 2026-05-20

[00:00:00]Welcome back to the Crypto channel everyone. My name is Josh and right now, Bitcoin is now retesting a crucial area on the price chart that we need to pay attention to while the US stock market is continuing to play out the short-term warning signal and also while we're now seeing a new signal flash in the immediate short term in the Bitcoin liquidation heat map, which I'll talk about in just a moment, because this is potentially a new warning signal for Bitcoin and crypto in the immediate short term, while Ethereum is still trying to play out this oversold signal and potentially in the process of forming a new signal that we need to pay attention to while the price of XRP is also now about to test this crucial area of support in the immediate short term.

[00:00:44]So, I'll be talking about all of that and more later in the video. So, definitely watch to the end.

[00:00:49]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 of course, we're continuing to play out this short-term warning signal, the bearish divergence very nicely here, which obviously I mentioned in my last video is now officially starting to confirm.

[00:01:08]We already have confirmed higher highs in the price, but over the last couple of days, we've now fully confirmed this lower high in place in the 4hour RSI for the S&P 500 index. And so once again, this is a signal telling us that we're likely going to cool off a little bit in the shorter term from all of this bullish price action. most likely in the form of a slight pullback, maybe a bit of choppy sideways price action. But it's important to understand that this signal by itself does not necessarily mean we're going to have a huge crash or massive new bearish trend. Once again, it is possible we could just experience a bit of a short-term cool off like this before potentially continuing the bullish trend later on. And so this is not necessarily a long-term bearish signal, but at least in the shorter term, just expect a bit of weakness for the time being in the US stock market, which also means, of course, expect some weakness in the short term for Bitcoin and crypto. So keep that in mind throughout the video. And if we're taking a look at the Bitcoin charts today, not much has changed on the weekly time frame over the last 1 day.

[00:02:08]So the super chain indicator remains unchanged over the last one day. And of course, we're still playing out this massive oversold signal in the weekly Bitcoin RSI. And if we're taking a look at the 3-day Bitcoin price chart right now, as of recording this video, the price of Bitcoin is retesting a crucial area on the price chart, sitting in between 72,000 to 76,000. So obviously 76,000 is the first significant level that we're now actually testing as of recording this video. And this area is extremely significant for the price of Bitcoin based on previous price action.

[00:02:41]If we're looking all the way back in 2024, we can see significant resistance closer towards the low end of this area.

[00:02:47]So, closer towards 72 to 73K, significant resistance back in 2024. And then, of course, around 75 to 76K, this was significant support during early 2025, about 1 year ago. And of course, more recently during around March this year, just a couple of months ago, this was massive resistance. And right now, as of recording this video, at least for now, it is acting as support. But this is a crucial test to watch play out in the coming days and weeks here because honestly depending on what happens at this test right here, if we fail the retest and just break through or if we actually see a successful bounce and hold this area in the coming days and weeks, that will likely tell us what we're likely going to see next for the next 1 to two months. That is right. The next, let's just say 1 week will likely determine what the next 1 to two months will potentially look like for the price of Bitcoin. And so obviously at least for now we're only just entering into the retest phase. We potentially still have at least a few more days still hanging around this area right here while we're just in the retest. We're not yet confirming a breakback below and also not yet actually confirming we've seen a strong bounce from this area at least the next couple of days. We're likely going to continue testing this area and then if over the next week or so we actually start holding this area and actually start seeing a decent bounce in that situation, it'll be extremely likely we'll come back up towards these highs at closer towards around 82,000 give or take and potentially even up towards around 86,000 as the next significant resistance. But of course, if in the next week or so we fail to hold this area and we start breaking back below not just 76,000 but especially if we start breaking back below around 72,000 and especially if we see candle closes on the larger time frames like the 3-day time frame. If we see candle closes below around 72,000 in that situation and especially if we fail to get back above that area in that situation we could likely see a move all the way down towards these lows possibly even into new lower lows. So, I'm talking about in the lower 60k area, possibly even into the 50K area over the next 1 to 2 months if we fail this test. I want to make that clear. We're still in the test.

[00:04:59]We've not yet confirmed either right now. We just have to simply wait and see. But at least over the next couple of days, I expect the price to continue to kind of hold around this area as we continue to test this crucial area on the price chart in the coming days or over the next week or so. And if we're zooming further into the short term, taking a look at the 4hour Bitcoin price chart. Once again, the shorterterm situation for the last one week, give or take, has of course been a short-term pullback. Still kind of playing out this bearish divergence. It didn't fully invalidate, at least for now, we're still forming these lower highs, obviously following the previous bearish divergence. So technically, this is still to some degree influencing the price in the shorter term, causing some weakness. But once again, one of the major factors helping to cause a lot of weakness right now is of course the US stock market playing out this larger bearish divergence here on the 4hour time frame exactly as predicted. Of course, this will likely cause a bit of weakness in the shorter term as we're now seeing as expected for Bitcoin and crypto. And so when we're talking about support and resistance to watch out for, of course, we have a small amount of support based on these local lows here at roughly around 76.3K.

[00:06:07]And of course, the next important area of support in the shorter term is this area sitting in between 75,000 to 75.5K.

[00:06:15]And if we break below that area, I would expect a decent amount of support at around 73.7K.

[00:06:22]And as for resistance, in case we see any little bounce in the shorter term, I'd expect a decent amount of resistance at give or take 78,000 and especially in between 78.8K 8K to 79.3K as a key area of resistance based on previous resistance and also previous support flipping into new resistance again. And of course, my exact prediction that I laid out in my last video just for the short-term price action here for what to expect over the next day or so was basically expect some choppy sideways price action or perhaps a very very slight little bounce having a slight little relief from all of the bearish price action but still lacking bullish momentum is exactly what I said in my last video. And since then obviously that's perfectly played out as predicted. But now that this has been playing out as expected, we are starting to see new liquidity again build below the price of Bitcoin. So obviously I mentioned in my last video that basically the reason as to why I predicted this sideways price action right here, which is now perfectly played out, is of course the fact that we basically hit close to oversold in the 4hour Bitcoin RSI at the same time as already wiping out this previous downside liquidity. And just yesterday, we didn't really have a lot of liquidity below the price, which was pointing towards most likely a bit of a sideways consolidation, a bit of a break from the bearish price action, but still lacking bullish momentum due to this warning signal playing out for the US stock market showing weakness for Bitcoin, which is why I predicted mostly sideways price action as a likely scenario over the last 24 hours once again. But now we are starting to see new liquidity build just below the price of Bitcoin again sitting at just underneath 76,000 around 75.8K to 76,000. And so obviously we still have a decent amount of liquidity all the way up here as well which is worth pointing out at around 82,000. But it's also worth understanding that obviously there's a lot of room between the current price and 825,000. So for example, there's a lot of resistance along the way between the current price and that higher level of liquidity which is all the way up here at around 82,000.

[00:08:26]And of course we also have to consider other factors like for example the US stock market playing out this bearish divergence cooling off in the short term which means it's unlikely that we'll see a massive move all the way back up like this for Bitcoin based on this reason alone. And obviously, it's much more likely we'll follow somewhat similar price action to what stocks are doing, which means a bit more of a cool off in the shorter term. So, especially due to the fact that we now have liquidity building just below the price of Bitcoin, it's actually much more likely we'll hit this downside liquidity. As always, no guarantees, but there's a very high chance right now, very high probability that within the next 1 or 2 days or so, it's likely we're going to see another slight little dip down to take out this liquidity at just under 76,000. So, once again, I'm not calling for a huge crash like this, but potentially another slight little move like this just underneath 76,000 is very, very likely within the next 1 to two days or so. And then likely around this support potentially at around 75 half th000 somewhere in the 75k range we'll likely find some support around there and perhaps see another slight little bounce maybe even form some sort of bearish divergence over the next 1 to 2 days forming some slight lower lows in the price while forming higher lows in the RSI could be a very likely scenario to watch out for in the next 1 to two days. And so those are my exact predictions and expectations, the key levels and price targets to watch out for moving forward for the price of Bitcoin in the shorter term and of course the mid to longer term as well.

[00:09:58]And if you obviously want to trade any of these moves in the price of Bitcoin or any crypto, you need to be set up ready to go on a crypto exchange. If you use the first link below the video in the description and in the pinned comment, that first link below this video will take you to this page right here over on the week's crypto exchange, which by the way is completely a no KYC exchange, which means you can access this platform from basically any country in the world without KYC. And by using that first link below the video, you can take advantage of a massive up to a massive 1 million USDT price pool up for grabs simply just by trading crypto using that link. So, if you're going to be trading crypto anyway, you might as well check this out and take advantage of this. So, you can see right here, basically, the more crypto you trade, the more potential prize pool or prize money you can get out of this massive prize pool right here, which by the way is running for a limited amount of time.

[00:10:46]So, obviously, if you're going to be trading crypto anyway, you might as well be rewarded with extra USDT for doing the same crypto you'll be trading anyway, but by doing that trading over here using that first link below the video to take advantage of this right here. And remember, Weeks is also a no KYC exchange. But with that being said, taking a quick look at the Bitcoin dominance chart on the 3-day time frame.

[00:11:08]And right now, we're seeing the Bitcoin dominance still looking very neutral in the shorter term, hanging around this massive area of resistance in between around 60.5% to 61%. So this is telling us that a lot of the major altcoins out there on average are still likely going to perform similar price action to whatever Bitcoin does at least here in the shorter term. Which means obviously my Bitcoin prediction a moment ago is what I said is basically a slight little pullback is quite likely but not necessarily a huge crash. Just kind of showing a bit of weakness in the shorter term. Very likely price action which means expect something similar to that for a lot of the old coins is what this Bitcoin dominance is telling us right now. And if we're taking a look at Ethereum on the 3-day time frame, obviously right now the price of ETH is also once again following Bitcoin with that pullback here on the 3-day time frame. But Bitcoin is of course retesting this previous resistance that we broke out above. Whereas Ethereum never really broke out above these highs. Never broke out above this resistance at around 2.4K. Obviously, we did not confirm candle closes above 2.4K. Only some candle wicks just temporarily poking above 2.4K, 4K but not confirming the breakout. And so obviously this means that rather than seeing a retest, Ethereum is just straight up rejecting from this resistance like what we saw previously.

[00:12:22]So obviously continue to expect strong resistance in that area, especially closer towards 2.4K. And if we're zooming into the shorter term, taking a look at the 4hour time frame, obviously over the last 1 day, we perfectly played out. First of all, a slight little bounce and then a bit of choppy sideways price action for the last 1 day or so, which is exactly what I talked about in my last video. I said expect either a slight little bounce or maybe some choppy sideways price action. Basically, just a bit of a break from all of the bearish price action is exactly my prediction that I laid out in my last video. So, now that that's perfectly played out, obviously, expect something similar to what I just said for Bitcoin, which means it's very likely that within the next 1 to two days, we could likely see another slight little drop like this. Not necessarily a huge crash, but just a slight little drop. maybe seeing another test of one of these points of support, especially this level right here sitting at roughly around 2080, just below 2.1K. And if we see something like that, but if we basically hold that level or hold close to that level and see another slight little bounce, it's very likely we could actually start to form and possibly confirm a bullish divergence within the next couple of days here for the price of ETH because obviously we have well and truly higher lows already forming here in the RSI.

[00:13:34]Whereas in the price action, we're sitting almost at this previous low, at least in terms of the candle closes here. which means if we slightly dip below the previous low, it's a very high chance that the RSI will still be sitting in higher lows, which means there's a strong chance that a bullish divergence could potentially form here within the next couple of days or so.

[00:13:53]But obviously right now, I want to make it clear that is not currently confirmed. And so once again, expect another slight little dip, basically continued weakness within the next one or two days as a very likely scenario.

[00:14:03]That is my exact prediction right now for Ethereum in the shorter term. And obviously once again we have support at around 2080 and also more support down here if we break below 2080 in between around 20110 to 2030. And as for resistance, expect a lot of resistance in between 2150 to 2.2K. And if we're taking a look at XRP on the weekly time frame, obviously we've not yet confirmed any massive reversal out of this larger bearish trend. So at least for now, obviously we're still overall in terms of the longer term here looking bearish for the price of XRP. But we're still at least for now holding this massive level of support at approximately $130. So on the weekly time frame, not a lot has changed over the last 1 day. But if we're taking a look at the shorterterm moves on the 4hour time frame, obviously XRP is kind of jumping the gun. We're already seeing that next slack right now, kind of ahead of the potential pullback for Bitcoin, which I do expect within the next 1 to two days. Right now, once again, XRP is already playing that out. So clearly XRP is looking a little more weak compared to a lot of the other major cryptos out there, which means when it comes to potential short positions, not financial advice, but right now it potentially make a little more sense to short XRP over let's just say another altcoin. So if you're, for example, planning to short, let's just say Bitcoin or Ethereum. With the weakness that we're seeing with XRP relative to other crypto assets right now, it makes a little more sense to potentially go short on XRP if you were to do that anyway on another crypto asset. As always, not financial advice.

[00:15:35]I'm just simply pointing out the weakness that we're seeing right now in XRP. But I want to make it clear, I'm not saying that this is the great entry for a short position. I'm just saying relative to other crypto assets. For example, if we see a short position signal in Bitcoin or Ethereum, then it potentially make more sense to open that in XRP. Not financial advice, but right now, obviously, we're running into a point of support, which means ideally, this is not the ideal situation to open a new shorts position. Ideally, I'd like to see, for example, a break below this area for Bitcoin. If Bitcoin breaks back below this area, then that would be a strong signal to either short Bitcoin or short some other old coins. Not financial advice, but right now in the shorter term, XRP is starting to run into getting very close to running into this massive area of support here, sitting in between around $130 to $135.

[00:16:25]But if we're breaking up that larger area into more specific levels of support, I would expect some support obviously at around 135, the top side of the area. And below that, I would expect a decent amount of support at around 132. And below that, once again, a significant level of support at pretty much exactly $130. And as for resistance, of course, if we break below a previous point of support, that will likely flip into new resistance. So, if we break back below $135 with confirmation, expect resistance at that level. And for now, of course, expect a lot of resistance based on this previous point of support here, and also previous resistance now likely acting as new resistance again. And that's sitting at around 138. And technically speaking, this bearish divergence is still influencing the price of XRP in the shorter term because we've not yet confirmed any reversal signal or invalidation signal to actually invalidate this bearish divergence.

[00:17:16]Which means overall continue to expect a lot of weakness in the shorter term for XRP is basically the same story I've been saying, the same prediction that I've been saying since all the way back up here. Expect a lot of weakness right now playing out this bearish divergence and basically following the weakness we're seeing in stocks and other major cryptos. And if we're taking a look at the price of Salana on the 3-day time frame, obviously right now we're still bouncing in this massive sideways price range between support and resistance.

[00:17:42]But of course, the shorterterm move during the sideways price range for now is obviously another rejection, another short-term pullback from this massive area of resistance. Still sitting in between $95 to $105 as the strong area of resistance to watch out for. And as for support, I'd expect a significant amount of support in this area in between $75 to $80, which right now we're actually getting closer towards testing that strong area of support there. And if we're taking a look at the shorter term moves on the 4hour time frame, obviously my exact prediction that I laid out in my last video was basically a bit of a break from all of the bearish price action, but not a major bullish move. Basically, a bit of sideways price action was quite likely is what I said in my last video. And so obviously that's perfectly played out here. bouncing in this small little range between support and resistance.

[00:18:30]So, obviously continue to expect resistance in between $85 to $86 as I already said in my last video. And as for support, we do have a point of support at around $8350 and more support at around $8150 if of course we break below 8350. And of course, if we're talking about the next one or two hours, the immediate short term, expect obviously somewhat similar price action to continue kind of just bouncing in this small range in between around 8350 to $86 in that little range right there.

[00:19:00]But potentially within the next 1 to2 days, slightly expanding the time frame, we could potentially see something very similar to what I said earlier for Bitcoin, which is likely another slight little pullback. As always, no guarantees, but basically continue to expect a little more weakness in the shorter term for Salana. So, at best, maybe some sideways price action, but then eventually it is quite likely. I'm preparing you now. It is quite likely we could see another slight little dip. Not necessarily a huge crash, but basically a break below this support is quite likely within the next 1 to 2 days, maybe even another test down towards this next point of support at around 8150. And if we're taking a look at the price of Chain Link on the 3-day time frame, obviously right now the price of Chain Link as of recording this video has not yet confirmed the breakback below 950. But as of recording this video, we're now attempting the break back below 950. So we're actually trading slightly below 950 while recording this video, but we've not yet actually confirmed a 3-day candle close back below this area. So basically, we're sitting right on the edge of actually confirming the breakback below this crucial area on the price chart.

[00:20:04]But considering my predictions that I've laid out throughout the video with likely a little more weakness continuing in the short term for the crypto market, it's looking likely at this stage that we could actually confirm the breakback below this area because in about 2 days from now, this next 3-day candle close will confirm. And if it's below $950, then that would officially be one confirmation signal confirming the breakback below this important area on the price chart. basically breaking back into this previous massive range, which increases the probability that in the coming weeks, we could see a continued move back down towards this massive area of support sitting in between around 790 to 850. And so, at least while recording this video, we've not yet fully invalidated this breakout right here, which means it's possible if somehow we see a decent bullish movement within the next couple of days, it's possible that this breakout can remain active. But once again, it is looking likely at this stage that we could soon be about to invalidate this breakout here, which obviously at least in the shorter term would clearly be a bearish signal for chain link. And so those are the key levels and signals to watch out for moving forward and my exact predictions to watch out for for Bitcoin and all of these crypto assets. And remember, if you want to actually trade any of these moves in the price of any crypto, check out the links below this video to those exchanges. If you want to take advantage of massive bonuses and discount and fees and things like that that are only available using those links below this video to those crypto exchanges which are also by the way non KYC exchanges.

[00:21:35]And remember 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.