BITCOIN: PLEASE OPEN YOUR EYES !!!!!!!!!!!

Added: 2026-05-10

[00:00:00]In today's video, the Bitcoin price right now is building up to all the way up here in my opinion, approximately $84,000 before getting a massive shock and dumping back towards the downside.

[00:00:15]However, I have been looking at a few bullish scenarios and I want to share that with you in today's video because if we take a look guys at the weekly chart right here for Bitcoin and we bring up right here the EMA ribbons and we go back to the previous bare market right here, we can see exactly right here, we broke above these weekly EMA ribbons and we broke above them approximately around 10% before absolutely getting wrecked and dumping towards the downside all the way down here to $15,000.

[00:00:48]Now, could the same exact thing be happening to Bitcoin right now? Because as of right now, the top of the AMA ribbons is approximately $86,000.

[00:00:58]However, what about that 10%. Well, if we were to take approximately 10% push to the upside right here, it would put put us at approximately $95,000.

[00:01:11]And guess what? sits exactly at $95,000.

[00:01:16]Exactly. The 50we SMA is exactly here at $95,200.

[00:01:24]And if we take a look back previously right here, we also got rejected from this area right here, the the 50we SMA exactly right here. So, could the same thing once again be happening for Bitcoin right now in the charts? And could we see even a break above this CME gap right here at this level right here all the way up here to the 50WE moving average right there at approximately $95,000 before dumping back to my bare market target for crypto approximately here between 56,000 and around $46,000.

[00:02:04]That is what I want to talk about in today's video. A long intro, I know, but I really wanted to get it across. As always, sit back, relax, and get ready for the video. All right, guys. Welcome back to another video, and thank you for joining me once again. As always, a massive special thank you to each and every one of you watching at home. I truly do appreciate that. And to give back to you watching right now, I'm giving away $100 every single Monday.

[00:02:26]Today, right now, is Sunday. So, get your comments in down below before the giveaway announcement in tomorrow's video. It only takes a couple of seconds. If you got a spare two seconds as well, slap a like on the video as well. And please don't forget, I'm not a financial adviser. I'm just a guy in his room called Jack making videos about his journey in crypto. And if you're in the UK, USA, or UAE, please do not watch or engage with my content. So guys, as I explained in the intro, it was a pretty long intro, I know, but I really wanted to just get it off my chest because I was just chilling on a Sunday afternoon.

[00:02:55]It's approximately 4:30 on a Sunday afternoon, waiting for the football to start in 30 minutes, and I was looking at the charts and I saw this exact thing right here because it's almost uncanny, guys. If we take a look back previously, we got rejected really hard from these EMA ribbons right here. We can see it exactly right here. Not only did we get rejected from the EMA ribbons, but we got rejected from the 50 SMA as well.

[00:03:20]And honestly, this is a really, really massive, massive thing in my opinion because this 50WE SMA, we can see we bounced from it right here before we had the double top of the previous bull market cycle right there. And if we take a look exactly what happened right in this cycle right here where we can see once we crossed it right here things started to get very very bullish. We did have this cross back here on March of 2023 and things started to get very very bullish and all bull market. We were coming up testing coming up testing and and so on before reaching new all-time highs at approximately 130K. when we broke this 50 SMA right here exactly like we did previous cycle things starting things started to get very very bearish. We can see exactly back here in the previous cycle when we did in fact break it right there and go below or even right here we broke it and went below things flipped very very bearish and you may say Jack what about the golden cross and the deaf cross? Well yes the golden cross and the deaf cross are in fact apart. We can see right here the golden cross before a massive push to the upside. And we can see exactly right here as well a bearish uh cross right here, a death cross. However, these crosses are extremely lagged in my opinion. So yes, on the weekly chart, it gives you much better information.

[00:04:45]However, these crosses are so lagged behind that it doesn't really give any valuable information. If we take a look on the daily chart, yes, we did have a deaf cross right here, which was the 50 SMA right there in blue, crossing below the yellow, which is the 200 SMA. And we did have a bearish one right there. But when we take a look at the weekly time frame right here, again, the bullish one happened reasonable time to be honest.

[00:05:10]But the bearish one, they always come pretty much when the market and the move for the bare market is in fact over. I am still in my trade right now, guys.

[00:05:19]I'm staying in it. I think we are going to go bearish. Of course, as of after what I've been researching and telling you about in today's video, again, the Bitcoin price is not really moving or doing anything as of right now. However, I am starting to not reconsider, but restructure my trade, potentially waiting to get a bigger entry point. If we do in fact have a dump towards the downside right here, as you can see on my UBIT chart, if we do have a dump towards this range like we did right here, like we did almost right here and like we did right there, I would potentially consider removing margin from my trade and scaling back a little bit to get a much better entry point if we were in fact going higher. or I may just leave it, see what happens and go ahead and um open another one if we do in fact see a further push to the upside again in a loss. However, I'm holding on because I think in general we are in a bare market. If you did want to go ahead and trade over on Yubit, guys, as of right now, I think there is still a few slots available. There is actually a free,000 trade. All you have to do is sign up using Yubit with the link down below in the description. And there's absolutely no KYC. And you can go ahead and get free VIP2 status, which is a 25% fee discount across the board, which is amazing. And also a free $1,000 trade completely for nothing without any deposit requirements at all. Of course, if you deposit more, you're going to get more. However, all you have to do is sign up using the link down below today's video. Download the app, log into the app, which the same account you used to join with my link right there.

[00:06:50]Wait 24, 48 hours and you're going to get that free thousand trade coupon right there. The video you can see, you can click exactly here, claim free trade. If you wanted to watch how to do it, simply click that video. It explains everything about how you can do it. But it's been going crazy recently.

[00:07:05]Literally hundreds or maybe even thousands of people have been claiming this bonus, getting a completely free trade this bare market. I mean, it's absolutely ridiculous. So again, that is my thesis for what is happening. We are still at the top of this bare flag right here, which I really want to pay attention to because this bare flag would really see the Bitcoin price go back down to low 60s in my opinion. And again, I want to see a daily close above here, multiple daily closes above approximately 82K right there. And then what I really want to see, guys, is a weekly close above this level right here. I would want before I would even think about the Bitcoin price going up and touching that 90K level with 95K level. I would want to see a CME gap close at 84K. A break of this bare flag right here. Also a break of this massive level of resistance, which in fact was support right here, res uh support right there, previous resistance. A break of that level. And then I would go ahead and think, okay, we're not going to get trapped at 84K. probably we're going to get trapped up there at that um SMA, the 50 SMA up here at approximately $95,000 US. So keep that in mind, guys. It's a very, very important level. The liquidation heat map again, it's heating up. We are seeing more and more positions added right here. More leverage down here for the traders at approximately $77,000 right here. And again, it's building up as the days go past. Again, a little bit of information about world politics right now. This is crazy because Iran is actually considering taking control of the undersea internet cables passing through the straight of Hamus. And according to Fars, Iran may force foreign cable companies to get permits and pay fees to follow Iranian laws if they want to get internet in their region. Of course, I am approximately right here in Dubai. Um again this would affect Dubai, Abu Dhabi, Oman right here and probably a little bit of Qatar and Saudi as well.

[00:09:09]Maybe not Saudi but Qatar it would affect. This is absolutely crazy. And uh again it wouldn't only affect the Middle East, it would probably affect Europe and some of Asia and maybe India as well because these cables carry approximately 15 to 20% of the global internet and financial data traffic between Europe, the Gulf and Asia. This would be catastrophic and in my opinion I don't think the the US is going to let that happen. It would be absolutely crazy if they started cutting these cables. It's just gorilla warfare at this point uh doing this kind of stuff. So let me know down below in the comments if what you think about that what you think about my thesis about 95k if we were to break these things right here as outlined in today's video. Again I think it is a possibility that it could in fact happen. Um, however, it's uh there's just so many variables right now. It's really difficult to understand exactly what will happen until we see a break above that 84k or a rejection from that level. Thanks for watching, guys. Again, I'm not a financial adviser. If in the UK, USA, or UAE, please do not watch or engage with my content. And I'll catch you in the next