Longing Again Before Bitcoin Pumps Higher

[00:00:00]Guys, Bitcoin is currently in the weaken. However, it's actually showing some strong sign potentially breaking out of the value area. I am going to be talking about my next trade on Bitcoin and also why Bitcoin has been doing something very very important and special. And if it wasn't for the weekend, I may be expecting something in terms of actually pulling much much higher. And to be honest, this is my current expectation on Bitcoin because obviously even though for the third time in a row, we've actually failed to break the valley area high. I told you guys we need to reclaim the value high. We need to go above 64.5, we need to hold that level for us to actually see a continuation further to 68K, even 69K and we haven't done that. Uh we even saw the fake out happen on Wednesday and then we dropped. However, the most intriguing and also nice thing to have happened is obviously if we pay close attention, we've actually bounced for the fourth time literally off of the anchored uh VWOP. This is basically a representation of the uptrend we've been holding and we've clearly been holding it very well. Not only are we holding the anchored VWOP, but also for the fourth time as well, we did hit the PC, the highest volume area for the past, I'd say two months now almost. and Bitcoin has been bouncing off of it. So right now, unless again, this is always always I'd say conditional. So unless Bitcoin does literally go down and lose 62.5, Bitcoin may reattempt at breaking 64.5. And if we do so, we may see finally the move towards 68K. So right now, I'm going to be mentioning a little long idea for those that don't have longs. I mean, I'm still holding my long for 58K because Bitcoin hasn't done something at say weak. Obviously, like if Bitcoin drops so so far uh below us, we may look to take profits on the trade and even open a newer one. However, right now, there is no reason for me to think of closing any of my longs and potentially even add a newer one. So, right now, as I told you guys, the point and the sign of weakness would come off uh us losing 62.5. If we do so, I may take profits and wait for a newer, better, higher time frame long. I'd say between 60.5 to I'd say 59.5. This is the big uh area of interest for long in Bitcoin where everybody gets uh super scared and Bitcoin potentially just drops, puts a higher low on the higher time frame and then maybe continue further. So obviously this is the plan of making and taking a long if Bitcoin drops and generally loses 62 62.5.

[00:02:30]However, if we keep this current strength sign of not losing 62.5 and we actually continue further and at any moment of time, we do see Bitcoin go above 64.5. I wouldn't be long in Bitcoin. I'll just keep my longs open because we could anticipate anticipate a very strong move towards 68K 69K where then maybe just maybe we think of shorting it. So, right now I'm have an I mean a need or a want for shorting Bitcoin. Quite the opposite. Let me quickly mention an idea to long Bitcoin on the 15 minute time frame. Now, obviously, we've been getting a very boring sideways price action. Um, I mean, that's a norm of us getting into the weekend. However, if we do see a drop, I got this very low. I'd say I mean a scalpy zone of interest for me to potentially take a long. I'd say 63.3 to 63K. This is a level where on the local super tiny scalpy I'd say time frame, we may see a drop and then look for a long for continuation higher. So right now on the scalpy time frame, I got this zone for 63.3K as a potential long. However, if we pump from from here, I'll be happy. And if we drop lose the zone, lose 62.2 62.5, I'm going to be ready for a better higher time frame long. I'd say at around 60k.

[00:03:44]So right now the longs are opened. And if we drop, it's only a good chance for us to long even further and better deeper into Bitcoin on weeks.