[music]
>> Good afternoon everyone and welcome to a
ProCharts video. My name is Jake
Sweeney, pro trader here at Verified
Investing. And today we're going to be
covering crypto, especially Bitcoin,
pushing up about $5,000 today as the
making this video, Bitcoin's currently
around $81,500.
So a great move higher today, moving
higher
from the pivots that we made in late
August. So a great day to see on
Bitcoin. Let's get into the technicals
though. I got key resistance and support
XRP,
and finish off with Zcash, a fan
favorite. Hope you guys are having a
great today great day today. Thanks for
joining me. Let's get right into it.
All right, so far as I said, I'm looking
at Bitcoin
as we're pushing up today from
these lows. We we
we pushed up last week after this sharp
move and then we we're getting stopped
from this from an upsloping trend line.
And that's kind of the first thing I
wanted to highlight is this trend line
right here from this low wick on
February 7th, 2026.
Right here covering going through these
lows, bouncing off that two or three
times, and then price gap down below
this
and now we're coming back into this kind
of trend line area. Just the past those
two wicks from earlier in August just
got hit and now we're approaching that
again.
So we could get some resistance from
this trend line, should we push into the
82,000s for Bitcoin, which we haven't
seen since May. So this would be a
strong move if we continue up. So that's
our first resistance level I'm watching.
Second is
this This is kind of in a perfect world.
This is what I really want to see happen
for Bitcoin. is we have to get past this
83,000.
So, first
there's this low pivot here from
November 22nd, 2025.
And right here price gets rejected and
bounces
bounces again greatly and then
um closes below it.
>> [snorts]
>> As we pushed up in late May, we were
unable to get up to this level and we're
since shut down.
So, first that level is $83,441.91.
That will be the main key level for
Bitcoin. Hopefully, it even gives it a
chance to take it on tomorrow, Friday,
going into the holiday weekend. I think
the president would love a, you know,
would like for people to be speaking
positively about the crypto market. And,
you know, I would continue to see that
notion and that great sentiment that he
wants to have for the weekend to come.
So, we're curious to see if Bitcoin can
reach that.
So, those are the two resistance levels
I'm watching for [snorts] Bitcoin. Near
term, however, I just want to see price
close at least above 80,524.65.
That is kind of the base floor what I'm
asking is us to close above this wick
low. As we see our last four attempts
right here, shut down,
shut down here, as well as here. Even
though we're printing higher, I want to
see a candle body close here. Right now,
it looks of it it odds probabilities
favor a close higher, but we shall see.
Um support-wise,
support-wise, if we're coming down now,
as we see here, this was a down sloping
trend line that was capping price.
And near term as well, this also could
be a new floor, should we come back and
revisit this. And this is why I say
that. Let's go to
the 10-minute on Bitcoin.
And that's going back all the way to
this level here.
And as we see here,
this is a heavily traded level, and
since if we can flip that now to
support, that would be great for
Bitcoin. And I'm talking about from this
trend line here, catching these highs,
and then we just exploded above that
today.
And lastly, support, if we do come back
into that, I'm still liking the 75,000
handle 644
low here
as support for Bitcoin. So, great move
to see out there today. A lot of my
other traders
like to see this as well. But as we are
contrarian traders here at Verified
Investing,
um we're also looking for that extension
and to also fade these moves, as always.
All right, guys, let's check out
Ethereum, see what it's doing today. I'm
sure it's up as well. And as we see,
yes, it is, about 5% today.
And having some nice consolidation here
as we're just hammering on these trend
lines. All right, so we got a a few
different trend lines here, so we're
going to start with
the first two right now. So, this one
here, kind of like the trend line from
Bitcoin, from this low pivot from
February 6th as well, getting these lows
right here stopping price, and then
price going up into that as well. As we
see, we're getting past this trend line,
but struggling to close above it. Just
today, you could see we pierced through
this and now coming back in um
at the time of this currently ethereum
about 2506
dollars.
Next we have is this resistance line
from these highs from March 16th catch
capturing these higher highs. A lot of
wick
wick highs into this level
and same with here a couple piercing but
getting shut down. So right here in this
in this tight knit zone is some heavy
resistance for ethereum to continue on
higher.
Should we though we have two main
resistance levels we have to take out.
One is this wick low from November 26th
2025
and
if we get up to there there's going to
be some major resistance there at 2620.
Also lining up with some heavy
consolidation right here.
So that's the first level or that's the
the kind of major level that ethereum
wants to take out. And secondarily we
have this down sloping trend line
from December 11th 2025 getting
rejecting some candles price action
through here and then we fell off the
cliff and we've gave time for this trend
line to kind of fortify. So I expect
some major resistance should get we get
past this 2620 level.
Say we were to test this level tomorrow
because
we pushed up
you know 5% today so 5% right here would
get us past that 2620 level and would
put in play this down sloping trend
line.
This play
would be at about 2673
about $50 higher from that 2620.
Those are your key levels for ethereum.
>> [clears throat]
>> XRP up 10% today
moving much stronger than Ethereum is.
And as we see here, we retrace to the
scene of the crime on this trend line
several times. So, this is the trend
line from September 15th, 2025,
rejecting price right here.
And then as we had the sharp move and
broke out of this trend line, we
retraced.
And then we tried to push up and kept
retracing. And since then, pushing up
sharply.
Um so,
these two
these two trend lines right here,
first this down sloping trend line,
although has been putting in this past
week lower lows, got a nice sharp bounce
today.
So, at about 1.30,
1.3, you have these two support trend
lines converging on XRP to hopefully
keep the price up continuing higher.
As we saw here in late August, and we
were rejected twice from this 1.5501
wick high level here. That'll be the
first level to take out other than the
current pivots that we're currently
challenging right now. That's a given.
Um the next level is this 1.61
wick low from this level.
See, price was trading on this level
here and rejected once, twice, and a
third time right here. So, that'll be
the next level to take out, 16106.
And lastly for XRP,
since we made this wick high
on Saturday, August 22nd,
also getting above this pivot here,
those two will be the next two pivots to
lay out. So, your resistance levels for
XRP are here. Feel free to take that as
you are.
Finishing up today, guys, we have Zcash.
So, before we get to the upside, I was
showing you guys a couple weeks ago this
wedge. And as you see here, we have two
trend lines converging and price starts
to coil, coil, and then it explodes. So,
watch these in your price action for
trend lines.
And then after we had that wedge explode
on Zcash, we had this down-sloping trend
line price got capped at,
shut down, and then reclaimed it, and
then shot up again and treated this line
now as support.
So, one, this is kind of
this is near-term support down here at
578, but now we have much tur- and this
is kind of
obsolete at this point. So, now where
I'm looking for support
is 744.13.
That's from this candle high right here.
As we pushed up in here,
and then we're shut down, and then
reclaimed that level, and now we're not
even touching that printing higher
highs.
So,
as this level has only been kind of
tested once, I really like 744.13 is
near-term support for Zcash.
Also,
kind of at this 802 level right here,
as well, about $60 higher,
as now we're just we're we're not even
coming back down to this level, buyers
are stepping in beforehand and pushing
price higher.
Now,
>> [clears throat]
>> I have this trend line from this from
that same wick high
that has now two, three hits, and now a
fourth today as we're pushing above it.
So, this was at about 890.
And if we go to the chart, we could see
right here
in that late August, we hit this trend
line to a T and got rejected. And then
today,
we started floating, pushing up to it.
And then,
at 11:20,
rocketed through that on a 10-minute
basis, and now continuing higher.
So, what I'm saying is I'm want to see
if Zcash comes back down to this trend
line, if it now acts as support, as I
said, around 1890 1892.
Kind of the last thing you could do now
as Zcash is up
17% today, in price discovery mode to
the upside, a new high of 984
83.
Does it want a thousand dollars? Well,
what we can do here is kind of draw
steep vertical trend lines from these
highs.
And I say it definitely can get a
thousand uh relatively soon, and then
not even higher. I could see Zcash going
from the top of these,
could see price action going up to 1060
1062
to tackle this trend line.
Thank you guys for for joining me on my
crypto video today. I hope you guys got
some good alpha and some key levels that
you'll take on for your arsenal.
As always, I hope you guys have a great
holiday weekend coming up. We have Labor
Day. Make sure to get outside. Take a
break from the charts. It's good to, you
know, touch grass every once in a while.
But no, I'll be back at the charts on
Monday, on Tuesday,
and uh getting back to work. Thanks,
guys. As always, leave a like comment
below, and thanks again for joining me.
Take care, guys.