Bitcoin's Critical Test: Will We Break $80K or Face a Massive Dump?

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
[music] 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 got to talk about Bitcoin.
I've identified a key level of support.
Where Bitcoin loses this level, we might
see massive red candles. And of course,
we're going to talk about the resistance
above cuz a lot of people are talking
about $82,000 Bitcoin, $85,000 Bitcoin.
But then you have another camp talking
about Bitcoin heading back into the 60s.
And of course, we'll talk about what
Wall Street is doing and kind of driving
a lot of the news and a lot of the moves
right now, folks. But right now, the
markets are on edge because the US just
retaliated against some Iranian forces
just recently, folks. This is breaking
news, so the markets are in turmoil.
Let's go ahead and jump into the charts
and we'll look at the ETF flows. So,
this is Bitcoin. And this is the key
level that I identified. Now, what I
hate about this is I
I charted this earlier this morning. And
this is just going to be an area that I
was really paying attention to. And
you'll see the basically the Iranian
flush. And now we're starting to see
markets start to bounce up a little bit.
But this is Bitcoin's 4-hour chart. And
so, these are 4-hour candles. And we
have a nice little level of support. So,
we had a nice little run-up. We had a
little bit of a pullback. And then we
had our higher high. Little bit of a
pullback. And then we had another higher
high. And then but folks, we haven't put
in a lower low. Now, if we go to the
daily,
you can see where we're getting that top
trend line, it's from the February 6th
week low, kind of intersecting there,
and then just basically giving us a
little bit area of a little area of
resistance. Right now, let's zoom in a
little actually. Let's go to the
15-minute. Yeah, you can see tagged that
level about 1 hour ago. And so, we saw
some basically some breaking reports
right around noon, and then you saw
Bitcoin had a nice little flush to the
downside. What are we seeing with uh the
ETF data here, folks? Well, net inflows
$216
million. We only had one fund that had
an outflow, that was VanEck, but
BlackRock leading the charge. The IBIT
Bitcoin ETF ended up purchasing 2,600
Bitcoin yesterday. And so, what we're
looking at with that chart is ETF
inflows and outflows. And the ETF is
just a way for Wall Street to buy
Bitcoin. And so, if you wanted to buy
Bitcoin, you're just some big whale,
you're a billionaire, you're a
millionaire, you're not going to go
download some, you know, sketchy app
and, you know, transfer some money from
your bank account. You're just going to
go to your broker, you're going to say,
"All right, give me the tried-and-true
BlackRock Bitcoin ETF." And so, that's
the numbers that we're looking at right
there, and BlackRock's IBIT
pulled in $205
million yesterday. So, that is a massive
massive amount of Bitcoin, and that's
some pretty serious buy pressure as
well. And so, seeing that just gives the
markets a little bit of confidence.
Let's them know that, all right, you
know, Wall Street's still here. I looked
at all the numbers past you know,
basically the 3 weeks, we've seen 10 out
of the last 11 days were inflow days.
So, meaning there were net buyers 10 of
the last trading days. And so, we're
really only looking through Monday
through Friday. And so, now we're kind
of going into a 3-week period where Wall
Street clients at least are buying a lot
of Bitcoin. Now, let's look at some of
the altcoins. And folks, I got some key
setups for you. I'm going to talk about
a trade that's open, and I'm going to
talk about maybe the hottest narrative
in crypto today, and that's Robinhood
chain. And maybe a way for you to, you
know, capitalize on that, folks. And if
you want me to track, you know, maybe
your favorite altcoin, let me know down
in the comment section. If you're in the
live chat, I'm reading the live chat as
well. And if you're in the comment
section, I I like to reply to literally
everybody. And when I see people, you
know, not people spam a ticker, we're
going to show that ticker. Speaking of
spam, do you like spam? I'm I'm just
curious. I do like spam. I'm a spam fan.
I'm a fan of spam. But not everyone
likes it. It's It's a little bit weird.
Spice ham, it's potted meat. But
anyways, let's get back to the charts.
What am I talking about here?
We have ETH kind of knocking against
this resistance. But if we look at the
same trend line that we saw on Bitcoin,
it was this wick low after the push up.
We had the the pullback right there. And
then we had our higher high. So, I'm
kind of watching this area. So, we
tested it with Bitcoin, but ETH we have
not tested it. So, this almost to me is
suggesting that there's a little bit
more strength in Ethereum relative to
Bitcoin. So, folks, that's what we're
seeing here. All right, let's talk about
some of the major movers. What are we
seeing with the major movers, folks?
Well, that's going to be Arbitrum. ARB
is kind of leading into the Robinhood
narrative. Right now, Robinhood chain is
the hottest Ethereum L2. So, what do I
mean by an ETH L2? So, Ethereum is
called a layer one. There's a lot of
activity rest on that chain. But instead
of every transaction finalizing on
Ethereum, sometimes there's layer twos
below the layer one. And so, you can
batch a bunch of transactions on a layer
two, and then it settles kind of as a
group, as a block on the layer one.
Coinbase has their own ETH layer two.
And now Robinhood has their own ETH
layer two. And there's other ones as
well. Uh you know, uh Polygon, you know,
started out as a ETH layer two. BNB 0x,
uh they you know, a lot of people
thought that was a ETH layer two, not so
much though, but Robinhood chain is
right now the hottest narrative in
crypto. Now, I'm going to tell you, you
know, maybe a a hot play,
uh but a potential pullback area that
I'm looking to add to my position. Right
now, Robinhood. So, there's meme coins
trading on Robinhood. When you trade
this meme coin, you actually get
tokenized stocks of some of the real
world assets, folks. Real RWAs. You're
getting basically a tokenized version of
a real stock just for holding an
altcoin, just for holding a meme coin.
And right now, it's driving a lot of
activity, but Arbitrum gets a cut of all
of these fees. And so, I'll I'll I'll go
over some of the numbers later.
I just want to show you the Arb chart
here. This had a huge, huge run-up. Look
at this. This is the 4-hour candle in
about a not even a 24-hour period.
8, 12, 16. In a 16-hour period, Arbitrum
pumped 40%. Huge, huge, massive rally
right there for Arbitrum. So, keep an
eye out on Arb, but right now, strong
pullback, strong pullback. If it
continues to pullback, I will look at
this wick high. Uh we can pull up the
horizontal line.
Get this right here. I'm looking at kind
of this area right here. You can see the
daily close and obviously the next daily
open happened right there, right along
this level as well. This makes me think,
you know, maybe traders are going to be
watching and psychological level, okay?
Tip of the day. You'll often see
psychological levels play out with
altcoins, especially retail focused one.
Robinhood chain, it's going to be a
retail focus here. 10 cents. So, if they
continue to pullback, right now it's
10.8 cents. You can see 10.1 or maybe
even 10 cents with a little bit of a
wick low. So, that's where I'm
expecting, you know, basically a lot of
support. Right now though, it is down.
It is down about 10% from that local
peak. All right, let's look at Solana.
Solana, I'm still liking this chart
here. This is from the the wick high. I
could pull this. Let me So, the wick
high there come in right there. And so,
this to me is going to be our level of
support for Solana. Haven't quite got
there yet. The the news from Iran didn't
quite push it down that low. It's going
to be right around $100 even, which also
psychological level, just like 10 cents,
$10, $50, $100. All of these are going
to be strong psychological levels. I
know some of you folks have some
Cardano. Looking at your comments here.
Uh pull a fib. Yeah, fib also gives some
good correlations. Cardano, I'm also
liking this chart here.
And I could have done the ray. Maybe I
should have, but you know, we get this
trend line from the local peak here in
May.
Hit this wick right there.
And look at that. Ended up being nice
support for Cardano. So, Cardano still
holding on and still putting up green
candles. We got two potentially two
green candles in a row.
Market's going to be watching that one a
little bit closely. But all right, let
me get into basically the hottest
narrative in crypto. Like I said, it is
Robinhood chain.
I got some stat some stats for you here,
folks.
Trading. All right, so this is Pons.
This is essentially a launchpad. This is
kind of the way a lot of people are
launching these tokens on Robinhood
chain. And there's a token PONS.
Now, I'm not saying, you know, jump in
and buy the wick here. This is the one
hour candle. If we look at the daily,
might not want to buy this one, folks.
You might want to wait for a little bit
of a pullback. You can see the daily is
now actually red here. I'll give you my
levels here, but look at this massive
massive move. This is a newer token.
And this had a huge 20X
20X in about 2 weeks. And really, you
you kind of measure in about a one week
period.
Uh did eight days that's a 8X of 700%
gain. Major major gains. So, I still
think there could be a little bit room
for this one. It's roughly I want to say
now it's probably pulled back about 300
uh million dollar market cap. Would be
390 uh but it's not actually the
cleanest tokenomics. It's actually
interesting tokenomics here. I'm going
to make this a little bit bigger here.
So, if you trade on this platform it
generates liquidity fees. right, you
open a trade I want to buy a coin I want
to sell a coin. You got to pay the
exchange a little bit and speaking of
exchanges I do want to give a quick
shout out to Bitbase. Uh big shout out
to Bitbase here they're a sponsor for
the show. You can put a check out that
QR link down below. Also, we have a link
in the description. Now, trading is
going to generate fees. There's a
buyback program. It uses 80% of those
fees it will then buy the Pons token and
burn it, okay? It gets rid of those
tokens or gone forever, folks, okay?
This is uh I don't know you you see this
with Hyperliquid. You see this with
pump.fun as well. This one, you know,
80% is a pretty good number. It runs on
Robinhood chain. I was looking at the
stats. Robinhood chain revenue a week
ago $50,000.
So, that's how much essentially the the
chain made in fees.
It has jumped to $1 million in a week,
okay? That is a huge that is a 20X in
just seven days. Now, massive four hour
bear div though. So, be careful here.
Looking at this let's pull up the RSI.
Yeah, look at that. So, you can see the
price made a higher high but the RSI
made a lower low. But with a hot token
you can see bear divs play out for a
long long time. So, uh we might even see
RSI go lower as the price goes higher.
Right now trying to hold on to this
upward parallel channel. I don't like
parallel channels heading up especially
at this sharp an angle cuz this is a
bearish pattern. So, what's the level I
would be looking at, folks?
Well, I kind of like, you know, if if
you have zero entry, you know, maybe 37
cents. That That could be a a good, you
know, maybe decent level. Again, this is
this is crypto. Things could, you know,
this could be 20 cents in a day, this
could be a dollar in a day. You know, I
I I would recommend, you know, do a
little bit of research here. Also, right
above the wick low, within this channel,
right above. So, maybe 30 cents. I I
really really like 30 cents. I'll
probably be deploying some capital right
around that level. That's what I would
be looking at, folks. Now, I did put out
another
basically set up on
verifiedinvesting.com.
Check that out, folks. We also got a
link for that. We have an app, if you
want to check out an app on your phone.
You don't like, you don't like using the
World Wide Web. Like, what What am I a a
boomer to you? Okay, do do I look like
some sort of old fogey doesn't know how
to use the computer? Uh check it out on
our apps as well.
And then, folks, how are the trades
going? We are setting up some trades
here. I I I did get some trades in. I'm
also looking at a potential short. I
like giving you upcoming trades or
active trades. This is an active trade.
We have seen a huge rally in Filecoin.
All right, hot take, Filecoin's a dead
project. Look at this, on the 1-hour.
So, I'm we're scalping this one, okay?
Uh this one has just moved too too far
up. No no, there's no real need for
Filecoin. We're probably in a little bit
of profit here. Yeah, we're up we're up
100 bucks. We're up 100 bucks. I'm I
might even go ahead and close this right
at the end of the stream. Uh so, that
would continue our streak. Just looking
at today, green trade, green trade,
green trade, green trade, green trade,
folks. I can't hide. I I I will show you
when I have red trades. They just don't
ever happen, really. Uh right now, our
our win rate's above 90%. We're nailing
these trades. That's a potential setup
for uh Let me give you the potential
setup for Filecoin. Check that out. I'm
right now, I'm short. I'm not saying
copy trade me, because, you know it is
down a little bit. So I'm in profit, but
you know, just be a little bit careful.
236 million dollar market cap for ponds.
Thank you for that one folks. BNB
Like I said, you spam spam the ticker.
All right, folks. I'll look at the
ticker real quick. And we did look at
Cardano. We did look at Sui. Let's look
at BNB. I like to just rhyme with my
tokens here. So we're going to check out
BNB. And folks, again, we're all on
uh bit base here.
BNB.
So many B tokens, folks. I blame
Bitcoin. All right, BNB
It's the daily chart. Huge run-up with
the rest of the market, folks. Uh you
can see that as well. I do like how
uh this one's bull flagging. This is
definitely a little bit of a bull flag
here because we can see, you know, from
the peak it's heading down. You want
your bull flag to be 90° to 45°. What do
I mean by 90° to 45°? So this would be
90°.
This would be 45°.
Roughly, folks. Now when you start going
above, you know, above 90, that's that's
a big fat no. Okay, you don't want that.
This, that's a yes. That's a yes. Nice
little uh bull flag breakdown for you
folks or bear flag, you know, just do
the inverse there. Um looking at this
right now it's kind of holding on
support. If we go to 4-hour chart, this
to me is going to be the level I would
be watching.
It's our our trend line tool. And then
that's the previous low. Now remember
with Bitcoin, we're testing this. ETH,
still room to go.
BNB, also room to go. I wouldn't be
interested in a long till we're coming
around to this area right around 680. So
that's what I'm looking at there. And
like we said, we got a little bit of a
bull flag pattern.
Yeah. You know what? Yeah. Kind of I'm
kind of liking this. I'm kind of liking
this. So we got our nice little uh
pattern. I could give you the target.
The way you would measure a bull flag,
let's go from the base and then look at
the breakout, wherever that might be,
and then that would put us around 820.
And if we zoom out, you see 820. It It
could go to 820. You can go to It can go
to 1820 eventually, folks. So, that's uh
that's the charts for you today. Ondo.
All right, folks. We'll do one more.
We'll do one more. I can do Ondo. I know
we got some Ondo fans. Don't know why.
Stay away from this one.
It all goes to the equity holders, okay?
The people, you know, what holding the
token don't get the equity of the
company. And this to me is going to be
like more of a equity of the company
play.
There's your support right there. So,
check that out. That's from the June
low. Wicked July 14th, ended up catching
support here in the 21st of August. And
so, still a little bit of room to go.
So, you can go down about a penny on
Ondo. That's our show for today, folks.
Appreciate you guys hanging around to
the end as always. I'm going to go ahead
and uh pretty close this Filecoin trade
uh while 106. All right, we're up. We're
up. You know, win even All right, it's
done. It's done. We closed it. The
streak continues. We made a few hundred
bucks today.
Tomorrow, we'll try to make a thousand.
We'll just keep racking in these wins
trading on BitBase. Hit the like button
on the way out. I appreciate you guys
sticking around to the end as always.
I'll see you tomorrow, folks. Thank