URGENT Market WARNING: Will Bitcoin CRASH Below Key $60K Support?

[music]
>> Hey folks, Nick Valdez here, chief
crypto strategist over here at Verified
Investing and welcome to Crypto
Revealed. We have a major major show for
you today because we have Bitcoin on the
verge of a complete breakdown going
below 60k. And if Bitcoin goes below
60k, it is going to be doom for those
altcoins. But let me just introduce
myself here a little bit. I am one of
the newer traders here over here at
Verified Investing and you may have seen
me bouncing around on YouTube talking
about crypto. I've been full-time crypto
for many many years now and I'm very
very excited to start my trading journey
over here at Verified Investing and
sharing my knowledge and learning from
those around me so we can all become
better traders ourselves. And folks, if
you want to learn more about trading, we
have some links down below from Verified
Investing, some awesome courses that
I've been watching and I could say even
though I thought I knew what I was
doing, I've been trading for years, a
lot of good strategy in there and a lot
of good tips. But let's go ahead and
jump into the show. We're going to be
looking at the major movers. We're going
to be talking about a hot take. That's
right. I got a spicy Nick Valdez hot
take for you today. And then I'm going
to be giving you my tip of the day at
the end of the show. I'm going to be
doing this every single day. So without
further ado, let's go ahead and get into
the major movers.
So let's go ahead and start with
Bitcoin. So what are we seeing with
Bitcoin? We pointed out this range right
here. And what I find fascinating about
this range of Bitcoin, you see we caught
the bottoms here, we caught the bottoms
there and we wicked into it very very
cleanly there. But if we move this up,
watch this. This is why I love technical
analysis. It gave us our levels of
resistance for Bitcoin. But now, here's
the scary part. Now, there is a little
bit of let's just say support at this
midway point. You can see that Bitcoin
did reject here at the midway point,
then bounced at the midway point. And
so, nice little clean wick bounce right
there. So, maybe we can bounce right
here. This is going to be above $60,000
depending on how many days from now it
happens. This is where it gets scary. If
we lose this level, we might be looking
at a new all-time low for this current
bear market and Bitcoin's trajectory.
And I know a lot of you folks, you're
going to be mad. I want this Bitcoin
bear market to be over. That's not
typically what we see. We typically see
about 12 months of downward price
action. We are not at 12 months just
yet. If you recall, Bitcoin topped out
in the beginning of October. Right now,
it is July, so we're getting close, but
we're not quite there. And until the
4-year cycle changes, we have to respect
the 4-year cycle. So, looking at
Bitcoin,
if we do come down to this level, you
know, I don't think it's going to happen
today or tomorrow or even the next day.
Let's just say it happens, you know,
maybe around the 21st, the 23rd. If it
happens on the 21st, you're looking at a
$56,000
Bitcoin. What are some levels besides
this parallel range that I am watching?
Well, that's going to be previous wick
lows. If you look right here, this is
going to be right around 54K, 53,935.
This might be a pretty important level
if we end up breaking down from that
parallel structure. But I'll go ahead
and be honest, I would not be surprised
to see maybe this just extends and then
we get a little bit of just a coincided
price action. Now, other major movers we
have to look at, one of them is going to
be Ethereum. We gave you this nice
horizontal resistance a while ago, and
then this isn't anything just fancy. I'm
not, you know, magicking these numbers
out of thin air. This is the candle
wick's low from February 5th and
February 6th for Ethereum. If you go
straight across, you see we tried to
push above this level, but then that
ended up creating our parallel range.
You can see a nice little wick here,
price action supported. And then if you
look at the current price action, we
were trying to break out over the low
liquidity weekend, but then it rejected
off this range. We've knocked on this
door a few times, and now it looks like
that door might potentially be slamming
shut. I'll talk about the second level
of support because the first level is
going to be this trending downward
slope. So, let's go ahead and shrink
this so you can see where we getting
this downward slope? Well, this is
October 28th.
Came down, hit it right here. This gave
us our trend line. This gave us our
level of, you know, at this point it was
resistance and now at this point it is
going to be our first level of support.
Second level of support is going to be
this trend line right here, which is a
almost in crypto terms an ancient trend
line. This is going all the way back to
the previous bear market, June of 2022.
Like I said, in crypto, I mean this
might as well have been 184 years ago.
And then this is going to be the the
tariff low that we saw on April 25th.
And just look at that. Very, very nice
clean bounce. And so this is the second
level of support I'm looking at. And
then of course the third level of
support is going to be the bottom of
this parallel range. And so depending
again on when this happens, this will
roughly be about 1550. The third level
of support is going to be around 1450.
Other major coin, you know I love
Cardano. Maybe not the price action, but
I love the community. Cardano gang,
where are you at? Where's the ADA gang?
Let me know down below if you're still
holding Cardano. Cuz I might actually
have some good news if you've been
holding Cardano. That's going to be a
potential head and shoulders right here.
So, if you want to learn how to draw the
head and shoulders on the left side of
TradingView, you can click this little
thing. Boom, you get a nice little head
and shoulder pattern.
And then if we draw this out,
you can see, okay, okay. Now, this is
not confirmed. This is just speculative
cuz we have not started forming this
right shoulder of this inverse head and
shoulders to be technical. Now, if you
look, maybe price action can look
something like this. I am looking at
this level of support around 1450 or 15
cents, 15 and 1/2 cents. Let me go ahead
and remove that. Where are we looking at
this support from? Well, you can see a
nice little bounce right there. And
let's go to the 3-day.
You see, this is the Kraken wick low.
Talked about this before in the past.
Kraken, back in 2021, had a massive
sell-off event. There is not enough
liquidity for all the sells. Pushed
prices down to a abnormally low level,
kind of bled over into other exchanges
as well. And if you look at the Kraken
wick low, and just look at the the price
action that we're seeing just very
recently, well, what do you know? It's
respecting these levels of this Kraken
wick low. Now, I did show maybe hidden
divergence on the smaller time frames.
We did have a nice bull div on the
daily. You can see the RSI was going
higher while the price action was going
lower. This ended up being a fairly
significant move. You measure wick to
wick, woo, that's insane. That's a 45%
pump just in 9 days. What is this hidden
divergence on the smaller time frames?
We don't see it, that was the 3-day. We
don't see it on the daily just yet cuz
this price is still higher and the RSI
is higher. But if we go to the 4-hour,
that's when things start looking a
little interesting. You see, this is
what they would call hidden divergence.
The RSI isn't higher, it isn't lower,
it's roughly the same while the price
was lower. So, that's what I'm looking
at when it comes to Cardano. We got it.
One other major mover, then we're going
to do the hot take, and then the tip of
the day. The other major mover is one of
my favorite coins out there. That's
going to be HyperLiquid.
If you don't know HyperLiquid, it is a
relatively newer project. This is going
to be a decentralized exchange that is
trying to tokenize all equities. This
has a lot of gold action. If you
remember, right when the Iranian war
first, you know, kind of started to
escalate, there's a lot of oil trading
on the weekends. The vast significant of
the majority of the volume out there
happened on hyperliquid. So,
hyperliquid, they also have a lot of
token buybacks. Very interesting
project, you know, we'll probably do a
little more deep dive in the future
here. Let's look at the hype charts.
What do the charts say? Cuz at the end
of the day, all charts, no BS. Now, we
did take profit on hyperliquid at the
top of this parallel range. You see we
established it these three day or really
four daily candles. There's the top here
and the three bottoms. Then you come
into the two matching candle wicks right
there or the candle bodies. Boom, what
do you know? We create a nice little
parallel range. Nice respecting of the
midway point of this parallel range as
well. Look at that. 1 2 3 4 5 6. It took
a whole week. Bounced on this level for
a week. Ended up testing the top of the
range again. Like we said, we took some
nice profit on hyperliquid.
I do like the project so much. I'm
already regretting, you know, shrinking
my hyperliquid bag.
So, I might actually have to buy in, you
know, maybe 25% of my position. But, I'm
just going to end up with more tokens
cuz I'm I'm deploying 25% when we're
down 15% and I maybe I'll deploy the 50%
of that capital when we're down 30%. And
then at the end of the day, I could
spend 75% lock in some profits and it's
almost a wash. I'll end up with close to
the same amount of tokens. But, let's
look at the price action here on
hyperliquid. We might find a little bit
of support. As you can see here, it
might wick below, but I'll be watching
the daily closes. If it hits this midway
point, what do you know? That's going to
be $60. Previous all-time high. Let's go
back into the chart. We'll pull out the
horizontal line. Look where we wicked
right here.
And then what do you know? Wow, look at
that. This might have a nice little
coinciding candle depending on how long
it's going to take to hit this range.
Now, if we go all the way down to the
bottom of this range, now I don't think
it would happen too soon, but
if that happens say at the end of the
month, well, you might be looking at,
you know, slightly below $50. This is
going to be around 4850. Now time for
the hot take. The hot take is there's a
hot project out there, and that is
Robinhood Chain. I don't know if you're
aware of an L2, but Ethereum is the
number two cryptocurrency out there.
Ethereum has layer twos that basically
use Ethereum's tech, but then they are
underneath Ethereum is That's why they
call it a layer two. There's a new layer
two out there, and that is going to be
Robinhood Chain. That's right, that
financial app that everybody was buying
GameStop with years ago, they're trying
to get into the crypto arena in a major
way. Now, the hot take is it is not
performing how they expected it to
perform. They wanted serious stocks on
there. They wanted tokenize gold. They
wanted tokenize oil. They wanted people
to trade SpaceX on there. What ended up
happening with Robinhood Chain?
It's almost embarrassing to admit, they
traded meme coins. And the meme coin
volume on Robinhood Chain is just been
phenomenal. In fact, it is vastly out
dwarfing what we're seeing with the
tokenized and the traditional assets or
the real world assets that they're
trying to put on the blockchain, onto
crypto rails. And so, what's the whole
point of this? It's being built on a
popular other L2. Robinhood Chain uses
Arbitrum's tech. Arb is another ETH
layer two. And this Arb price action is
very remarkable. What do you know?
We have a falling wedge. Now, falling
wedges do typically break to the upside,
but the more it is angled down, the
higher the odds that you are going to
see a move to the upside. This, uh, for
crypto, I would want it pointed a little
bit more southward. Right now, it's it's
heading a little too hard to the east.
But, if you look right here, boom, we
have our nice little start of the trend
line. You draw it out right here. I
mean, again, TA is just is so wonderful
when you start studying this stuff. I
mean, what do you know? That's exactly
where we ended up rejecting. And so,
Arb, it could potentially hit the
bottom. And again, we have a nice trend
line that's established from this. Boom,
right here. Right here. We hit it again.
We tapped it again. Now, if we come back
down, we are looking at around 6.4
cents. This Arb chart is beaten down,
and it is beaten down in a serious way.
I mean, in fact, I mean, this is I have
to keep stretching this Y axis. Arbitrum
is significantly down. But, as you can
see,
it is being used. Oh my. 95%.
However, Robinhood chain is using
Arbitrum tech. So, by no means is it a
dead project, but if you look at the
price action, it is down 95%. Now, this
is an altcoin, and remember, we led with
Bitcoin. Bitcoin might fall down. If
Bitcoin goes below 60K, I expect a lot
of red candles in the altcoin landscape.
I don't think Arbitrum is going to be
immune from that. I don't think
Robinhood, you know, using Arb tech is
going to suddenly lift it up, you know,
"Oh my god, it's going to the
stratosphere at this point." But,
95% is a pretty significant pullback
even for an altcoin's bear market. Now,
let's go ahead, and and I appreciate,
folks, if you like these hot takes, go
ahead and smash the like button down
below. But, now we're going into the
next section, and that's going to be tip
of the day. What is my tip of the day?
Folks, at the end of the day, what is
the most valuable resource out there? Is
it gold? Is it, you know, money? No, the
most valuable resource out there is
time. Time is your most valuable
resource. So, folks, I want you to covet
your time. I want you to value your time
at a very high level. So, I have a
couple tips for you. First tip is pay
yourself an imaginary wage. Whatever
that might be. I want it to be higher
than if you're renting out your time to
an employer. Pay yourself in your mind
maybe 100 bucks an hour, maybe 500 bucks
an hour. If there is a task and you can
get it done cheaper than what you think
you are worth, you should outsource that
task and then free yourself for higher
agency moves. Maybe you try to learn a
new school skill for via AI. Maybe you
just learn about AI. Maybe you market
your business. Maybe you investigate
launching a business. And so, at the end
of the day, you must value your time a
lot higher. I think we should all value
our time a little bit more than we
already do. Second tip, folks, this one
also is going to be some some golden
golden stuff here.
You need to give your after you give
yourself that imaginary wage, here is
the opposite effect of the Jim Carrey
Yes Man movie. Say no more than yes when
it comes to doling out your time. You
must be protective of your time out
there. Well, folks, this was the
inaugural episode of Crypto Revealed. If
you like seeing, you know, the maybe you
remember me as Deezy. If you like
seeing, you know, this nice nice TA. If
you like crypto, if you still haven't
given up on that crazy industry, let me
know down below. And if there's an
altcoin that you want me to cover in
future episodes, let me know down in the
comments as well. I'm going to be
reading all these comments. I'm going to
be charting these altcoins. Then we can
look at these levels together. Maybe
it's going to be some significant moves
in the future. We want to capitalize on
that. All All well, folks, that is all
we have for today. Hit that like button
on the way out. Go ahead and subscribe
if you're not already. Folks, I'll see
you in