WARNING!! GIANT BITCOIN PRICE TRAP.

Added: 2026-05-28

[00:00:00]I'm preparing to double the size of my short position.

[00:00:03]>> Here comes the money.

[00:00:04]Here we go. The price of Bitcoin does not look healthy. Right now, trading at around $75,700.

[00:00:11]Trading at the bottom of a range, but it's not even at the bottom. That's the bottom. We can see looking at my larger cup and handle formation that we're starting to break down and we could potentially fail at the bottom of that range. And a loss of $74,500 will mean a revisiting of this level of liquidity down here at $68,000.

[00:00:30]And right now, I am still $9 million short on the price of Bitcoin. If the price of Bitcoin made it down to $68,000, I would make enough money to buy the new Ferrari Luce.

[00:00:41]>> That's a bad idea.

[00:00:41]>> The cause the price of Ferrari stock to drop 5%.

[00:00:44]>> Yes, yes, yes, yes, yes. With the old boss of Ferrari, Luca di Montezemolo, saying this is an absolute tragedy. And what do you think of Ferrari electric vehicle? That's an interesting one for the next bull market, isn't it?

[00:00:55]>> No. God, please, no.

[00:00:57]>> But let's talk about business. The ETF flows yesterday were negative, minus 4,320 Bitcoins out of the ETFs, a drop of $333 million. Michael Saylor desperately buying back $1.5 billion of debt with the remaining cash on MicroStrategy's balance sheets. It took MicroStrategy's outstanding debt from 8.2 billion to 6.7 billion. And while MicroStrategy themselves own $15.5 billion of their own stock, they only have now a US dollar balance reserve of $871 million.

[00:01:26]Effectively, MicroStrategy has no more money, which is not a good thing if you want big spot buys to prop up the price of Bitcoin. And with the Bitcoin volatility index reaching a new low for the week, it means a huge move is imminent. And what do you think's going to happen? Do you think these numbers are going to get even bigger? Well, even if you don't, later on in this video, I'm going to show you everything to do with my current open $9 million Bitcoin short position. But before we do that, I've got concerning news to bring to your attention. Bitcoin exchange balances rose significantly overnight, with an additional 30,000 Bitcoin being deposited on the exchanges. But you might be looking at the market today and going, "Jordan, but the volume, it's gone up. Surely that's a good thing." I mean, the Bitcoin volume overview, a 100% increase in Bitcoin volume in the past 24 hours. That's a 30% increase over Bitcoin futures volume. So that in theory is healthy, no? No, it just means people are panicking out of the market right now with 51% of those trades being sells. And you must remember as well, everybody that's buying is buying off somebody that's selling. And the buy side is way less popular at the moment.

[00:02:23]And let's just look at spot volume. On this longer term chart here, you can see this continual decline in Bitcoin volume. We see another country banning Polymarket. We see the expectations for SpaceX's IPO to come in after it lists at a $2 trillion market cap. And to put that in perspective, that would make SpaceX the 15th biggest country in the world. It would make SpaceX's market cap bigger than the entire GDP of South Korea, Turkey, Indonesia, Netherlands, Saudi Arabia, Switzerland. Like, this is just ridiculous. SpaceX's economy would be half the size of the entire economy of the UK. And all they do is send rockets up to space and lose money. Oh, but he's AI. He said the same thing about Bitcoin and it went down anyway.

[00:03:02]The fact is with SpaceX and OpenAI both going live in 1 year, it will cause a stock market collapse. There just isn't enough money to absorb that that kind of value. And there will be demand for these things. It'll just suck the liquidity from other areas of society, like crypto. And we can already see it's starting to have an impact. Because what we have here is Bitcoin's aggregated open interest. And on Bitcoin's aggregated open interest, we can see this morning we've been having a rise in open interest and yet we've been having a falling price. What does that mean? It means everybody understands what's going on because the market's about to go down by quite a lot, probably. It means that people are opening short positions over and over, and like just relentlessly shorting the market. So why the volume's going up? It's because of how confident people are getting that the market's going to get worse. Don't forget in every bear market on the pure multiple, we come down and we hit into this green range every single bear market. And we've not got there yet. And BlackRock's ETF has still got $61 billion dollars worth of Bitcoin left to sell. The total Bitcoin supply in a loss has not reached its ultimate peak yet. And for sure, something that we can identify that at this market is people are starting to accumulate, but only ever so slightly.

[00:04:04]Like compare the curve of this to the curve in previous bear markets. This is so much more aggressively going upwards than that is. And when we check in on the funding rates this morning, everything was looking pretty positive and they started heading back towards negative with more people opening short positions. And like I told you the other day, the best indicator for getting an entry on anything is stonksey. Stonksey called that amazingly, it called that amazingly, and it called this one more importantly, amazingly. Sure, it went up initially, but we are down now. And stonksey on the 15 minute is short. If you want to get this indicator, you can sign up and use the discount code on this website, which is bot 20 to get 20% off. And if you do decide to use stonksey, stonksey's got this new screener. It'll be launching in the next couple of weeks or so, and you'll get access to it. And honestly, it'll change your life. It's one of the things that I use as a bit of a cheat code on the market. But as I said earlier in the video, he's actually in quite a lot of trouble. He's running out of cash. They only have 871 million dollars. That is not enough to prop up the market. When times get tough, Michael Saylor has always been there to kind of prop it up, but he doesn't have that money anymore, which is also again why the market will likely go down. But if it goes down too much, he's got problems. We can see the demand on the market represented here by shorts versus longs, 35 billion versus 34. On this one, 9.6 billion versus 9 billion. That's a 600 million dollar difference. 3 billion versus 2.9 in the past 4 hours. And then in the past hour or so, we can see again that short volume just coming in strong. But Jordan, it can't get any worse. It can.

[00:05:24]It definitely can, because that's not stopping. As I told you, you can't trust a single thing that this country says about this country, because there won't be a ceasefire. They already violated whatever peace agreement they had, and it took like 3 minutes. And everything will only intensify, because when you start poking people, they'll probably poke back, which in turn will cause the price of fuel to to up, which will cause the cost of living to go up, and it'll cause the price of Bitcoin to go down.

[00:05:49]And just before I discuss my current open trades, I want to let you know that we are about to start the $10,000 to $1 million trading challenge. And if you wanted to take part in it, use the link in the video description. The link to press on is, first of all, the like button, and then it's going over here to hit that notification bell. Then when you click on the video description, you scroll down a little bit, that link there, that one that says short URL, that's how you join. When you click on it, it brings up this page, it says open Telegram. From there, it puts you in a group, and tells you what you've got to do. The $10,000 to $1 million challenge is completely free to join, but of course, you will need some money to trade if you're going to do the challenge. I love doing this stuff. I've got on a pretty good track record of doing a good job as well. So, we'll see how it goes, and I'll update you all on the channel. And now it's time to talk about my current open trade, of which we are currently now sat $646,000 in a profit. Compared to yesterday, that's really nice. And that's because overnight, the price of Bitcoin, as I expected it to, got rejected off of $78,000, like I explained it would do in yesterday's video. It came down to about $75,000. It seems it's found some support here. And just before we go on to the chat analysis in today's video, I want to explain my current sizing. It's still $3 million short Bitcoin, $3 million short Ethereum, $2 million short Solana. And And for some reason, I still have this Intel trade open.

[00:06:57]Unbelievably, that's still in a profit, despite being a long position on Intel at the top. We've got $186,000 profit on Bitcoin, $248,000 profit on Ethereum, and $204,000 profit on Solana. When it comes to the current market outlook, Bitcoin dropped below this level of support that was sat at $76,000. And if we start trading back above $76,000, it's likely that we hit the range here at $76,700 before getting the next level of rejection. I, however, don't expect that to take place, and I think that we have now started this major downside move.

[00:07:24]The reason I believe that is because I've had this plotted out for weeks at this point. I've not made a single change to it, and I know it's not the prettiest chart on Earth, but you can stick your pretty charts up cuz mine actually work. It's not like I just drew a line on here and said it's going down.

[00:07:36]This is all plotted out correctly. Just it's on a Now, this line here, despite it looking messy, is actually an incredibly well plotted line and we have now done both of the two pumps up within this range.

[00:07:48]So, we should now expect further breakdown. This is part of this wider cup and handle breakdown theory that I've been explaining for a while where ultimately we'll come down and retest at least that level there, but more likely the level here at $68,000. Something else I should point out here is this big blue line. That's the wider Wyckoff accumulation pattern and these little purple lines within it, they're Elliott wave patterns. This one here is a three-point Elliott wave pattern and again that I've got plotted down at $68,000.

[00:08:13]Why? That's the key liquidity. Currently we sit in no man's land and we're heading back towards this key range of liquidity. It's more than likely that we go up there than it is down here. Being that at this point in time we've made our decision pretty clear because we have closed that CME gap. That CME gap has been left open for a future very violent pump to the upside. But the CME gap down at $75,000 is now closed. And when it comes to Ethereum like I've been warning you for a while, Ethereum struggling to break through this range.

[00:08:38]It got rejected again. Again, it can change in a heartbeat if we was to start breaking to the upside and break through $2,120.

[00:08:44]And that's why I highly recommend you join the Chart Advantage Telegram group which you'll find a link for in the video description. Again, completely free to join. This morning I spent about 3 hours running through all of the various different analyses on the market to ensure that we make all of the correct decisions and ensure that you actually turn out with a profit at the end of the day. If you're serious about making money in crypto, that's the place to join because it's free and everyone else wants money for their stuff and I don't want any money because I make money. But overall, imagine that you're me. Imagine you've got $2.9 million dollars and you started the month with $2 million dollars. You're up $900,000 this month on a simple short position.

[00:09:16]Would you close it? Is that enough money? Again, it's just dropped by $10,000, but $633,000 is still a lot of money. Or do we play to our strengths, analyze the data, and hold the position till it's in like a $2 million dollar profit. You let me know comment section below where all of the links and information you'll find also in the video description. Join Chart Advantage. Join the next $10,000 to $1 million dollar challenge. You don't have long to get that done now. And if you're interested in trading, I trade over on Youbit. You'll find a link for it in the video description that gives you a very significant fee discount. If you use the link for Youbit, everybody that uses it gets VIP2 for free. But on that note, guys, see you in a bit. Have a nice day.

[00:09:48]Ciao.