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Bitcoin BREAKS $80K: Is It a Trap?
Channel: Verified Investing YouTube
Watch on YouTube · 2026-09-03
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AI Summary
**Summary:**
- **Stock Tickers & Price Levels:**
- Bitcoin (BTC):
- Resistance: $60,000 (August 24 high), $64,800 (November 2020 wick low intersecting with May 2021 high)
- Support: $55,000 (expected short-term pullback)
- Ethereum (ETH):
- Resistance: $4,000 (January 2021 high)
- Support: $3,500 (expected retest before further upside)
- Binance Coin (BNB):
- Resistance: $690 (May 31 pivot top)
- Support: $550 (parallel channel top)
- Cardano (ADA):
- Resistance: $3.10 (descending trendline), $3.00 (horizontal pivot from March 2021)
- Support: $2.50 (expected pullback level)
- **Key Trading Strategy:**
- Bitcoin: Watch for short-term rejection around $60,000, potential breakout above $64,800
- Ethereum: Expect retest around $3,500 before further upside, potential altcoin rally led by ETH
- Binance Coin: Watch for retest of parallel channel top around $550
- Cardano: Watch for resistance around $3.10 and $3.00, potential end of downtrend
- **Indicators Used:**
- 4-hour candles for Bitcoin, Ethereum, and Binance Coin
- Descending trendline and horizontal pivot for Cardano
- **Entry/Exit Rules & Suggested Trades:**
- Bitcoin: No specific entry/exit rules mentioned
- Ethereum: No specific entry/exit rules mentioned
- Binance Coin: No specific entry/exit rules mentioned
- Cardano: No specific entry/exit rules mentioned, but Nick took profit on his position
- **Timeframes Mentioned:**
- 4-hour candles for Bitcoin, Ethereum, and Binance Coin
- Daily candles for Cardano
- **Risk Management Tips:**
- No specific risk management tips mentioned
- Nick mentioned taking profit on his Cardano position
Summary ready
Transcript
changed everything. My perspective on this industry and my success within it. Now I'm passing that knowledge on to you. Welcome to Bitcoin Revealed, the true story. Hey folks, Nick Valdez here, chief crypto strategist at Verified Investing and altcoins are waking up and Bitcoin trying to break out of a particular channel and I'm going to give you the key levels of resistance that I am watching folks. And not only that, we're going to revisit a call that we gave two days ago, and that coin is up 60%. That's right. So, go ahead, smash that like button if you like seeing these calls, and we're going to go over and do a little bit of a DeFi deep dive on Robin Hood chain. I'm going to tell you the hottest plays within the hottest narrative that's happening in crypto right now. We are seeing a lot of activity in the bond market and precious metals and Bitcoin decided to wake up today. So, without further ado, folks, let's go over the major movers to start things off. And let me go ahead and share my screen here on Bitcoin. Bitcoin looking pretty interesting. What is the level that I'm watching first? This is the 4hour candles that we are looking at. And this is the high that we saw on August 24th, and this is the high that we saw later on in the week here. This is going to be right around 1000 p.m. at night on the 27th. And so, watch this key area. I do think this is going to be a little bit of a pullback. I would not expect a strong rejection from this, but I would expect a short-term rejection. And you can see right here, we almost pushed up to create a higher high, but Bitcoin said, "Nay, I do not think so." So, what is the next resistance? What is the resistance that we're going to be watching? Well, this is an area that we have been covering for a significant amount of time. And you can see within this, we are now starting to get into this level. This is the November wick low on Bitcoin. And if we continue to move this to the right, this is going to intersect with the high that we saw in May. And this is just going to be an area of resistance that I'm watching. But we do talk about knocking on the door. The more you knock on the door, the more likely you could break through that door. Think of it as, you know, uh the the SWAT team. They're coming in. They're coming for you. You know why? You you talk trash in that Call of Duty lobby and now they're coming for you, folks. So, banged against the door, banged against the door, banged against the door again, the more often we knock, the more likely we crash through. And, you know, this isn't a a textbook number that I'm giving you here, but every time you knock, it raises the odds by roughly 5%. Now, that isn't, you know, any kind of scientific number there. So, if you go on it three times, you're looking close to a 50/50, but four, now you have like a 55% chance. five times. Now you're looking closer at a 60% chance that you're going to burst through that. Now, before we go over the altcoin that's up 60%, we're also going to talk about Cardano. Cardano's up a whole lot. ETH also hitting some key resistance. And folks, get your comments in. Uh if we got time at the end of the show, we'll cover your favorite altcoins. And make sure you put some comments down below if you're catching it and you're not live. Everybody, let's go ahead and jump into the Ethereum chart. This is an area that we've been talking about for a long time. So, this is going again going back to November. This time it isn't the May high. This is a January high that we're looking at on Ethereum. And you can see we, you know, we got really close, knocked against it, knocked against it. Let's zoom into the 4 hour. Look at that, folks. We are trying to potentially close some candles above this range. If we do, I would expect us to go above, but then we would probably come and retest this before we could make a sharper move to the upside. The real question is, can this Bitcoin rally turn into a larger altcoin rally? If it could then do that, I think ETH is going to lead the way. Now, like I said, I read your comments. Saw some of you folks wanting me to cover BNB. BNB is a it's a large holding of mine. I I just was in BNB super early 2021. and I was in and out of the the crazy altcoins. It was a big hub for gaming tokens and NFT, you know, interesting DeFi projects. Still just got a little bag on my on my wallet. It's just on the B&B chain just kind of sits there. But I don't talk about it too much because we don't really see it traded too much in the West. It's more of an Asian token and it's a lot of rugps, a whole lot of rugps on that chain. But we do have some levels that I do want to throw on your radar. I'm looking at the May 31st pivot top. This is to me going to be one of the key areas. Now, you saw Bitcoin did not create a higher high. ETH, you know, starting to flirt with that. BNB did create a higher high. Let's go into the 4 hour. You can see ETH cleared its previous levels. So, BNB, sorry, uh B&B is looking a little bit more bullish and this is just a clean clean bull flag. I saw some of your folks saying, "Oh, well that bull penned, it was more of a bull flag." I mean, we can get into that if you know, maybe on in a future episode when we're doing some charting. But this to me is looking like a pretty interesting chart here. Let's get our parallel channel. And you can see, yeah, nice little consolidation within here. So, I wouldn't be surprised at all if B&B retested the the top of this parallel channel. So, I'll probably leave it on there for a little while. Now, let's look at Cardono. Smash the like button if you're holding Cardono. I actually took a little profit on Cardono today. Don't get mad at me. Don't get mad at me, but I I had to take some profit, folks. I look, don't hate it. Don't date it. Just trade it. And if you do want to trade, I'm trading on Bitbase. And I'll show you my closed trades from the last 24 hours. Did we keep the streak alive? Are we still closing nothing but green trades? And I'll reveal my up my current trade, my current trade setup. I do read your comments. A lot of you have been jumping in with me, getting some nice profits, good good P&Ls on Bitbay. So, big shout out to the Bitbase team for sponsoring this show. All right, let's go into Cardano. This is a fascinating chart. I love this Cardano chart. This is August 2025. This is September 2025. We have a nice little trend line right here. And it's a descending trend line that's going to be acting as resistance. And look at that recent rally that we saw. Perfect. Perfect. Uh nice little touch there. And now coming into this horizontal pivot. There's a horizontal pivot from March of 2026. You see it was acting as support. We wicked above it earlier in this well last month now that it's September. Wicked above it last month but then pulled back sharply. This is a nice reversal candle. Pretty close to this is a dogee reversal candle. Did end up having a nice little sharp pullback for one two three four five six seven eight nine day downtrend. But now the downtrend is looking like it might come to an end folks. But watch out for this key resistance. I almost I I don't know if I'm going to short at this level because I mean, look at this wick right here. I was watching the the trading order books. A lot of people were shorting Cardano. Guess what, folks? Those people got wrecked. They were just looking at this. They're like, "All right, well, Cardano is going to reject from here. Everybody shorting. Everybody shorting. You then get a short squeeze." Okay, that's when you see someone really short, you squeeze them. It's kind of That's actually not at all what a short squeeze is. This was there's just a lot of shorts that pile up. When the price goes up on a short squeeze, it is a forced closure. When you close a short, it acts as buying pressure. And so then that has to push the price up even further because now there's a buy on the order books. Well, that will then sometimes close the next level of shorts, which then creates another buy order and it's a little bit of a positive feedback loop. And so that's what you see with short squeezes there. Salana. People want to look at Salana. Now's a good time to short Micro Strategy. Be careful shorting Micro Strategy, folks. That one can really bite you in the you know what. You got to be very careful. Uh people saying, you know, with Middle East, we're going to be heading down. Not sure if that's going to be the case, but you know, we're we're getting fatigued on that news. Now, I see your calls for A. I did say I would chart some A. We didn't quite get to it the other day. So, let's look at the A chart. Then, we're going to do our deep dive into Robin Hood chain. A nice little sharp move to the upside. Nice little consolidation pattern. Nice little bull flag here. This one is looking pretty interesting. Now, we did go above this wick, but perfect perfect intersection almost to a te at the $145 level. And so, this is still just going to be a pretty long uh strong line in the sand for a once we get past that, then we can start talking about some interesting things. A very very popular and strong DeFi project just got wrecked by some pools that were exploited by AI. This was in the past. Uh did you know it was it was a while ago. It does look like the price action is suggesting that you know those issues are going to be behind it. Now I saw your Salana uh call for we could do a Salana that we're going to dive into the chain for Robin Hood here. Let's look at Salana. Salana not quite you know this doesn't look as bullish as B&B. doesn't look as bullish as some of these other coins. Salana did have a very good move to the upside. Let's go ahead and measure this. Salana pump almost 50%. 50% in about a 10day period. And so a little bit of a cool off is going to be necessary. So not surprised to see that. Now let's go over this here. So now we're talking about the Robin Hood chain. Okay, this is going to be our little bit of a DeFi deep dive, everybody. There we go. Boom. Like I like the little graphics. Let me know if you like the graphics, by the way. All right, so these are the top four coins on Robin Hood chain. These four projects are driving the activity and a lot of the revenue on Robin Hood's new layer 2. Number one, don't worry, we're going to look at all four charts. I just kind of want to explain them. What are they? You know, number one is Uniswap. It's the top decentralized exchange. That means you don't need permission to trade on it. You don't have to take a picture of your license. You don't have to, you know, download anything. This is just an open decentralized protocol. You can interact with your wallets. It's on and they're doing a lot of trading primarily on the Robin Hood chain is happening on Uniswap. So, this is the majority of the chain swap volume across their various pools. I looked at the fresh data. $9 million in revenue in the last 24 hours. There's a lot of This is just Robin Hood. This is not looking at Arbitum and OP and Poly. It's not looking at the other ETHL2s. Next, we got the token launchpad. I gave you this call and I gave you the entry on was it Tuesday, folks. Today's Thursday. We did this two days ago. We're going to check the charts and see, you know, did I give a good entry and how much are we up? Let's just say it's up. It was 46%. I think it's like 51%. I made this graphic a couple hours ago. Uh this is the pump. Fun launchpad clone on Robin Hood chain. And if you don't know what the the pumpf fun launchpad is, this is where you go to launch your own tokens. Anybody and everybody can launch their tokens on that platform. And so doesn't really take much. You just got to put in a little bit of funds for a pool of trading liquidity. I'm just trying to make a real simple explanation here. Lets anyone create and trade new tokens. Uh $6.3 million in revenue the last 24 hours. The top DeFi protocol is Morpho and this is going to be for yield essentially. This is an official partner of Robin Hood. It's their earn product. I you know I couldn't tell you much about it folks. I don't I don't use it myself, but this lets users lend stable coins for yield. It's the official official DeFi token. And then again, I'm not saying buy this, okay? In fact, maybe this is actually getting a little overheated. Cash Cat is the top meme coin on Robin Hood chain. I will say this, don't leverage trade it. Do not leverage trade these meme coins. They will you'll get hunted, folks. You will get hunted. If you want to buy it for a little spotold, that's fine. If you want to try like 20x, 50x that thing, you're going to get wrecked. So, just be a little bit careful on that one. All right, let's look at those four tokens real quick. We'll just kind of run through this unis swap. We have the nice little top here, January 2025, and then we have this in August of 2025. Look at this clean trend line right here. Well, what do you think today's price action looks like? Uhoh, we got a pivot top right here. Wait a minute. These lines are coming together. Oh man, this is right off the the screen here. What happens when he moves it an inch? Oh, look at that. That to me is going to be a strong level of resistance. 656 on Uniswap. That's where I'd be looking to enter a short. Now, this one we covered on Tuesday and I'm on the one hour chart and so we were talking about it at the 100 p.m. candle. So, we were literally talking about it here. It had a lot of movement on this candle here. Let me just make sure. Yeah, we have the right uh time zone here. And so, we were looking at it on this candle. I I watched the video. I had to double check. I said, "Buy it. I'm buying at 37 cents." You know, if you if you want to jump in, that's the level. It went there literally the next hour. 37 36.9. Well, say you watched the video a couple hours late. Well, well, Nick, I saw this video at 8:00 p.m. I saw it at 10 p.m. I saw it the next morning. Well, guess what? You got a second entry. You got a second entry. This token has just gone nuts. Uh 1 2 3 4 5 6 7 8 9 10 11 12 13. This is about 24 hours. Yeah. 13 right here. This is 24 hours ago. It is now up 50%. It had spiked as high as 57%. 50% pump just in the last day. I gave you this call. I said 37 cents. What I find interesting is, you know, we I I charted this a little bit of this parallel channel. I said it looks like we're going to have some resistance. Well, we did. We got rejected right there and we got rejected right there. I wouldn't try to short this, though. I I'm not shorting this here. I I'm I'm staying away from the leverage on this one. This is just a buy and hold. I'm leaning towards taking some profits, folks. I'm leaning towards it. Morpho. Morpho on the daily. This is pretty interesting chart here. We actually got a long in this morning at the bottom of this channel. So, just nice little wedge pattern happening right here. We are running out of time. Uh 5 days, 5 days, it's probably going to need to choose a direction. Sometimes it'll just peter out a little bit. You just see like a little bit of movement, but with this much movement, I don't know if it's going to look like this. I'm thinking it's we're we're choosing a direction here. We'll probably have to look at the RSI to maybe determine what direction this one's going to be going into. I didn't like the look of that first arrow if you know what I'm saying. Cash cat sloppy. Very sloppy bull flag here. This is the one day chart. Pretty sloppy. I'll give it to you. You see the wick here then. All right. We got ourselves a little bit of a channel. Well, this is crazy when it happens. We're off the screen. What happens? What happens when it gets to it? Oh, look at that, folks. We basically kissed that level. And so this one I I wouldn't be buying cash at this level. I did jump in, you know, like a dgen because I am a den. Let me smash the like button if you're a DJ, too. I know there's some Dgens's watching. And uh the trade that we're in right now or we're we're literally break even. Are you kidding me? A$120? How is that even possible? Uh this is the one [laughter] minute candle. It's like to a penny now. We're probably going to be down a dollar or something. Uh just a few hundred bucks on this trade. There's heavy liquidations right around 55 cents, right below 55 cents. So, I have a couple entries that are a little bit lower and shorts are getting liquidated right around this 58 cent level, but I would not wait till it's basically above this range. You're going to see some shorts get liquidated. I'd be looking to close this one really probably around here. We're just we're just trying to get in and out of these trades. We're not trying to uh you know, break the bank on this one. We're going for the singles and doubles. So, Pith Long, this is literally one of the only tokens that is down in the last 24 hours. That'd be a trade setup that I I'm going to go ahead and give to you folks. But get a good entry, okay? Look where the trades are getting liquidated. If you miss the trade, that's fine. Don't just yellow in because you see me trading in. I really just opened it just to kind of have something there and just kind of ex, you know, show you folks uh long is like I said, it's the only token essentially. It's the only token that's red in the past 24 hours because that Bitcoin pump has really taken the rest of the crypto market with it. I mean, when we look at the one hour chart on Bitcoin, I mean, this is just a beautiful, beautiful pump. This is one hour candles on Bitcoin. So, it gained thousands of dollars in a very short amount of time. And so, keep an eye out on that one. Bitcoin heat map. I will show you. Uh, people asking, "No, I'm no longer at the previous channel. I am here verified investing. I just I like what we're doing over here a lot more, folks. That's all. And I've become a much much trader from it. XRP. All right, folks. I see I see the XRP. There's probably some of you on your alt accounts. Uh, everybody's spamming it. I do want to just reveal the trades. We can hit refresh here just so you know I'm not pulling any shenanigans. Just looking at the position history. Nothing but green trades today. I didn't really only got one. I only made 100 bucks. Nothing crazy. Piff, we made about 300 yesterday. Uh, that's about 200 with these two. Then another $87 or 287 uh the day before that on the first. we'd have to go to the next page, but made a couple hundred bucks. So, we're we're scalping. We're getting in and out, folks. We're we're killing these trades, basically. I I don't know how many wins in a row. Maybe we'll count tomorrow. And looking at XRP, what are we seeing on the charts here? Uh, this is what I don't like. That's that thing I don't like. All right, so we're going to get this horizontal line right here. This to me is I I want to see us go past this. I want to see us go past this wick high, this pivot high at from the 27th and we go to the one day. You can see it's Wow, look at that. Yeah, it's basically right at the candle open and the close of the next day. That's the level I'm going to be watching for XRP for a scalp. Uh other than that, if we get past that, this is also pretty interesting. If you go to this wick high right here, basically, uh, this is going to be pretty strong level of resistance for XRP. Take some profits on XRP. If you're in on a trade, especially if you jumped in like in this range and you didn't sell into this wick, you didn't sell on these two candles. Think about taking some profit, folks. You don't go broke taking profits. We'll look at chain link tomorrow, folks. Uh, we went a little long today. I love that you guys are showing the support for my new show, especially if you migrated from the other channel. Definitely appreciate it. We're doing a lot of awesome things here at Verified Investing Bitcoin Revealed Monday through Thursday. I'm going to be a solo host tomorrow, but this show every Monday through Thursday, 1:30 p.m. Eastern Standard Time. I'm giving a lot of these chart setups on the website as well. That's going to be on verifiedinvesting.com. Putting out articles. I'm telling you my entry points. We've been nailing these trades, folks. And then we'll come to the show and we'll we'll test it, folks. We will test this. And if you want to trade with me on Bitbase, uh we have a link down below. We have a lot of cool signup bonuses and a little QR code if you want to scan that for you. But that's all we got. I do appreciate you guys sticking around to the end as always. And folks, I will see you in the future. Real quick, close for Labor Day. So, we're not going to be here on Labor Day, but I will see you on Tuesday. You best believe it. I'm going to be uh wearing my wearing my best tie. I'm going to be wearing the same stuff I wear all the time. All right, that's all I got. I'll see you in the future. Appreciate it.