Bitcoin Bull Flag INVALIDATED: The Danger Zone Has Begun

I grew up with nothing. Success felt
impossible until I found crypto in 2018.
I made every mistake chasing hype and
holding coins to nearly zero. I then
found technical analysis and it 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 today we have to talk about a
breakdown in the Bitcoin bull flag
chart. And technically, it's a bull
pennant and I'm going to tell you the
difference between a flag and a pennant.
And then we're going to look at some
other altcoins as well. And we're going
to look at the liquidation heat map on
Bitcoin. And folks, we're going to do a
little deep dive on XRP and the ETF
flows cuz what we're seeing is a lot
different than what we're seeing with
Bitcoin. Now, if you were wondering,
Bitcoin ETF flows yesterday were it was
an outflow day, meaning Wall Street
ended up selling Bitcoin and they sold
to the tune of roughly 220 million
dollars. And so now we're starting to
see a little bit of a mixed bag. We see
an inflow day, then we see an outflow
day and basically Wall Street is kind of
divided on what's happening with
Bitcoin. It looks like Wall Street took
some profit after Bitcoin's run-up. Now,
we are going to look at Orb, we're going
to look at Render. We got a couple
charts to show you folks. But first,
let's dive into the Bitcoin chart as
always. Now, right here you can see on
the 4-hour chart a beautiful flag
pattern for Bitcoin. And this has a
great target as well. You would run from
the bottom of the the run here up to
here and then you would measure from the
breakout assuming it can break out. But
what we're seeing here is a bull
pennant. Now, a bull flag would look it
would look a little bit more Let me go
ahead and pull up my parallel channel
here. This would be a bull flag. You
would see it uh largely flat on the
bottom, but on a bull pennant, you see
the bottom heading up. Now, bull flags,
now you what you want is a 90° to a 45°
pattern on a bull flag. This is actually
a more bullish pattern than a bull
pennant. Bull pennants don't break to
the upside as often as bull flags. Now,
what we're seeing here is the bottom
level that had acted as support is now
turned into resistance for Bitcoin, and
you see on the 4-hour chart just for the
last 12 hours, we have been beating
against this range after holding on for
about 16 hours. And so, this was support
and it's now flipped to resistance. And
so, this is what we're seeing with
Bitcoin's chart.
So, I don't like this, folks. I don't
like this at all. I want to get back
into this wedge pattern within the
pennant, and then we can start feeling a
little bit more bullish for Bitcoin.
Right now, folks, we need to turn
bullish, and we need to turn bullish
quickly. Hopefully, Wall Street buys a
lot of Bitcoin, and then hopefully that
can give a nice momentum push for
Bitcoin's level, and then maybe we can
start talking about, you know, some some
more uh positive price targets when it
comes to Bitcoin. Let's look at real
quickly at the liquidation heat map, cuz
that is giving some hope here. This
giving some hopium. So, go ahead,
breathe in,
breathe in deeply into that brown paper
bag, and look at this, folks. Now, you
can see here,
this is the liquidation heat map. This
is where levered Bitcoin longs and
shorts get liquidated. But, I'll tell
you who's not getting liquidated, me on
BitBase. We've been We have a open trade
on BitBase. I'm going to give you an uh
an upcoming trade on
towards the end of the show as well. So,
if you want to check out BitBase, go
ahead and scan that QR. We have a link
down below. All types of awesome bonuses
for the verified investing crew here.
Now, on the left side, I I added this
in. Color scale equals amount
liquidated. And the way this pattern is,
the high level, the high brightness, the
bright yellow means $81 million in longs
are going to get liquidated. And so, or
shorts, depending on the direction. And
so, down here is where the longs will
get liquidated. I mean, these are
traders who are betting on Bitcoin to go
up. They're They're going to get
liquidated if it pushes down into the
$76,000 range, but there's also shorts
looking to get liquidated. And folks,
this magnet I like to think of these as
magnets. We had a strong magnet very
close to the current price action, which
is lot, you know, more likely to hit
than this far away magnet. And you can
see brand new positions opening. These
are traders who have just opened these
positions recently. And so, we might see
a little bit of what they call a short
squeeze. Okay? Don't get Get those nasty
thoughts out of your mind when you hear
that phrase, folks. So, now that's what
we're looking at with Bitcoin.
What are we seeing with Ethereum? Well,
Ethereum, we kind of talked about this
level yesterday. We said, "Hey, folks,
this is, you know, it's holding a little
bit better support for ETH than it is
Bitcoin." Right now, it's no longer
support. It's the same situation. You
can see here also turning into
resistance on the chart here. So, we're
just going in from the wick low. This is
the 23rd of August. And we have a nice
little touch here on the 30th of August.
And then now you get into today's price
action on the 2nd and the 1st of
September. And so, this kind of held as
support, but now, folks, it is flipped
into resistance. What is this long line
up here? What's the top portion coming
from? Well, this is going pretty far
back, folks. This is going all the way
back to the wick high right here and to
the wick right there. And that takes us
into the current price action. So, very
fascinating chart on Ethereum. Now,
before I show you XRP, let's go ahead
and look at Solana. We talked about
these wicks right here. We said, "This
is going to be support." Support for
Solana. And look at this on the daily.
Wicked into our level, but then did push
above. Now, I can go to the 15-minute
chart.
Look how clean this was on the 15-minute
chart. We gave you this level yesterday.
In fact, we've been talking about it for
a few days now. Talking about it last
week and all of this week. Nice little
price
price action in this range, and then a
nice little push up to the upside here.
And if you say you did jump in,
yeah, you had a nice little 2.2% pump
right there. So, hey, I'm not saying go
crazy with the leverage, but you know,
say maybe you would have a 5%. That's,
you know, somewhat safe compared to a
lot of traders out there. That'd be a
nice 10% gain, while you only had a
limited downside. You could have had a
stop loss there. And folks, you would
have been fine in that one. Now, let's
dive into XRP. Before I show you this
chart, look at this. 11 days of inflows
for XRP ETFs. And so, what's an ETF? An
exchange-traded fund. This is the way
big money is going to buy exposure to
XRP. They're not going to fire up a
crypto account as much as they should
use Bitbase or Coinbase or whoever,
they're probably not going to do that.
What they're going to do is they're
going to go to spot XRP ETFs. And this
is 11 straight trading days. So, really
we're close talking closer to 2 weeks.
All the way since August 18th, we've
seen nothing but inflows as Wall Street
buying a lot of XRP. So, what are they
seeing in the charts? I'll tell you what
they're seeing in the charts. They may
be seeing this bull flag pattern. Now,
remember,
the flag is a little bit more bullish
than the bull pennant here. And so,
XRP is knocking on this top door. And
so, I established this this parallel
channel, going to the wick high here.
And essentially, you could go into the
wick here, or you could go to the candle
body right there. But this establishes
our parallel channel. Right now, XRP,
what is it doing? Starting to knock.
It's knocking on the top side. Knocking
on the top side. The more you knock on
the top part of the door, the more
likely you're going to see a move to the
upside. And so, I wouldn't be surprised
if XRP And folks, don't hate it. Don't
date it. Just trade it, okay? So many
people they they just quickly dismiss
XRP or they're just way too in love with
XRP. You probably know that XRP person.
You might be that XRP person. Or if
you're at a Thanksgiving event, a family
event, kids birthday party, whatever it
might be. Oh, you're into crypto? Yeah,
yeah, you know, I have a little this, I
have a little that. Well, what do you
think about XRP? Is it going to $10? Not
going to $10 anytime soon. In fact,
let's talk about $2 before we can start
talking about a three, a five, a $10
price target. But XRP,
I I I think Wall Street is maybe showing
renewed interest in this one.
And I'm looking at your comments, folks.
I see all your comments here. Bitcoin
needs to hold that 70K level. We are
going to look at Orb. XRP rules. Well,
we know what camp this person's in,
right? That's fine. That's fine. That
person, they might be dating their XRP
bags. Just take profit. Don't worry.
I'll tell you when to take profit here.
Uh let's see. Very similar Okay, so some
people are getting a little bit bearish
on the the long-term trend lines, and
that's all right. All right, now you
folks had requested a Sui chart in the
comments. Go into the comment section
down below this video. Uh if you're
watching live, you can put in the live
chat here. If you want to see a chart,
just let me know. And folks, I will
cover it.
Don't worry. So, looking at Sui here.
This is the 4-hour chart. We have a nice
little bounce. Uh and then it rejected
here. This gave us our trend line. This
gave us our descending trend line. And
then folks, this actually held as
support during the pullback. Held as
support yet again. But now, it is
chopping around. I do not like this
chart. Look at the wicks on these 4-hour
candles. You know what I see with this?
You know what chart I see? I see a
little chop suey, okay? that's chopping
pattern that is meant to wreck those
traders. So, I'm staying away from that
one. Wake up. All right, stay away from
this chart, folks. Wake up. All right,
let's get into the next I don't I don't
know what Why do I do that? Why do I do?
Anyways, I'm going to do it anyways. All
right, let's go into the near pattern
here.
Looking at NEAR, we have a couple little
levels, you know, one we got this
ascending trend line. You got to keep an
eye on this one for sure. Pretty far
away though. What I'm looking at let's
go to the 4-hour. I want to give you
this line accurately here. This is a
little bit of a parallel pattern. So,
let me go ahead and pull this up. It's
going to be our parallel channel. We're
going to go in from the wick.
The wick here.
And folks, I'm keeping an eye out on
this pattern right here. Let me make a
little less translucent. This is going
to be basically the bottom level. This
is where I would like to enter in on a
NEAR long. Until then, I'm trying to
stay away from this one. All right,
let's look at it a couple more I saw you
guys wanting some render charts.
All right, I can render up something for
you folks. Now, this there's a wick that
I'm paying attention to. However, what
I'm seeing is a giant wick for October
10th. This is a large large wick. So,
what What does this mean when we see
this giant wick on October 10th? That
lets me know there's not a lot of
liquidity in this token. This one it
might be one that
could potentially want to stay away
from. But, let's go into this low from
here, February 6th.
And we're going to draw this out. This
is going to be your support. I would not
want to touch it until it comes close to
that level. And so, you know, I know
it's a little bit far away. That's just
what I'm seeing in the charts, folks. I
do not like what I see with this render
chart. I do not like the length of that
October 10th. There is a flash crash in
the market. Some blame Binance. Some
blame, you know, just over levered
positions. Some actually blame a Trump
Truth Social post. It all kind of
coincided folks and a lot of all coins
got nuked. Render is was not immune to
that folks. Now let's talk about some
trades here.
See this is why I don't like I would
have maybe trimmed the position. This is
Arbitrum I believe. Yeah, so we're oh no
sorry Athena. So Athena looking at you
know some potential long entries. We got
a lower entry where we'd want to add to
the position. Athena just got pushed
down pushed down hard. So this is a
upcoming trade that I'm looking at
folks. We've been nailing these trades.
Don't worry I'll show you all the trades
that we opened today. So I'm kind of
liking a long on Athena as wow look at
that it's starting to push up right now.
Now this is the one minute chart. Why am
I looking at this? Well,
we're looking at this pattern right
here. Let me go to the 4-hour. And so we
have this nice ascending trend line. You
know this is acting as resistance. And
then what did it do? Turned into
support.
Now maybe trying to turn into support
again. If it doesn't hold, you know I do
have a couple I have an entry near these
wick lows. And then there's going to be
another entry right here. I've been
looking at the liquidation heat map. And
then folks after that we'll cut our
losses. You don't want to ride this
thing all the way down. You want to keep
that win percentage high.
Now another trade we did successfully
close was Arbitrum. Now I got in and I
got out folks. And I have a couple
entries up here. Again what why are we
looking at this one as a trade? Well,
look at this trend line here. So we have
this wick low.
All right, nice little area of support
kind of gives us our line here. Bam,
nice little resistance. And folks this
is going to be strong resistance for
Arbitrum. Look at this pump today
Arbitrum is just going nuts folks. So a
huge huge pump on Arbitrum. That's what
I'm watching. Let's go ahead and reveal
the trades here. This is Bitcoin
revealed. I'm not trying to hide my
trades. I'm showing you my entries. I'm
showing you my exits. I'm putting these
posts on verifiedinvesting.com.
So folks if you want to see some of
these trade setups, you know, before the
show, you can check them at night, you
can check them in the morning.
Go ahead, download our app, verified
investing app. We have it on Android, we
have it on Apple, and we're going to
have a little QR code for you right
here. So, but let's go ahead and show
the trades. Now, I did trim Athena. You
can see that's just basically 50 cents.
That's That was me just trimming the
position there. But, on the second,
today September 2nd, we had a nice long
on Uniswap, pulled in a couple hundred
bucks there. I I just closed these,
folks. I just closed these. 12:41,
12:27, right before I went live. I don't
like having open trades before I go
live. It's a little distracting. I want
to set up the charts for you, folks. I
want to give you the attention that you
folks deserve. And when I'm sitting
here,
stretching the Y-axis on the one-minute
chart, I'm sweating, you know, it's
pouring down.
It's hard for me to set up the show. So,
I do want to set up the show for you,
folks, in a in a in an honest way. And
what We have time for one more chart. I
see you guys saying hyper liquid.
We can look at hype, folks. Again, this
is one of my favorite altcoins, period.
Period. Now, looking at the one-day
chart, well, what are we seeing? We're
seeing that strong resistance. Seeing
that strong resistance. So, this thing
is still just kind of chopping along
this. Break above this, that's when we
can start talking about a $90 hype. We
go into the Maybe, let's say, the 4-hour
here.
Let's expand our chart.
A little bit of a trend line, nothing
crazy. You know, this is
you know, honestly, I wouldn't say the
cleanest one.
But, maybe you can see a little
something there. And I wouldn't be
surprised if that Yeah, that's that's
also looking pretty decent. So, if you
want to open a scalp long, maybe check
out the wicks on the 4-hour. Right now,
all eyes on this upper trend line here
on the daily. That's holding it down
here. Have Yeah, we did Solana.
Did do Solana, folks. So, keep an eye
out on that. That will be showed you
that 15-minute chart hit our level
perfectly. We go to the one day, you'll
see what we were talking about. Hit our
level, now starting to try to find
support. So, that was your scalp. Yeah,
let me know down in the comment section.
We don't have any more time to do some
altcoins today, but folks, I see your
Cardano, I see your Ave. We could do
those tomorrow. Uh we can look at Zcash,
all of the tokens that you guys want me
to follow, I will follow. Thank you
sticking around to the end. If you want
to go in the comment section, I reply to
all of you folks. Don't know how much
longer I can do it, but I can definitely
do it now. Takes me a little bit of time
each morning, but I don't mind. I don't
care. I like talking to you folks, and I
like seeing like have my ear to the
streets, all right? Cuz I'm trying to be
agile. I'm trying to stay in tune with
the markets. No, great job smashing that
like button.
And as always, thank you for sticking
around to the end. I really do
appreciate it. I'll see you folks in the
future. Thank you.