BITCOIN REVEALED: The True Story | September 11, 2026

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 [music] 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 for Verified Investing
and we have a huge show for you. Very
special episode of Bitcoin Revealed.
We're going to be diving deep into
Bitcoin and looking at the golden cross
and what does this mean for Bitcoin's
price? Is the Golden Cross a trap? Well,
spoiler alert. If you look back into
history, we usually see Bitcoin take a
fall after we see a golden cross. And
I'll explain what is the golden cross
and what to expect price-wise if history
does want to repeat itself. And I have a
very special story today involving
spilled coffee and the streak is over
for our trades. We did get in a loss,
but folks, it was I had to step away
from the computer. Now, if we look right
now, I am in a short on a drrome that is
in profit right now. Now, it's just a
small amount of profit. We're we're
going to try to ride this one a little
bit lower. Uh we have about, you know,
only a 400 bucks or so deployed on this
one with a couple orders and I'll break
down what I'm seeing in the Aer Drrome
chart. But first, let's talk about
Bitcoin, everybody. What are we seeing?
Well, we swept the leg. We talked about
yesterday's episode. We have Salana
might need to sweep the leg. XRP might
need to sweep the leg. Looks like
Bitcoin also had to sweep the leg lower.
And what do I mean by sweep the leg?
That's right. Remember, we're throwing
out the Karate Kid references here.
Well, we had a sweep a little bit lower
than the previous low that we had seen
th this month. This is from September
2nd. We're looking at 4hour candles. And
look at the volatility. This was a
liquidation driven move and it pushed a
little bit lower than this move right
here and then had a sharp move up, but
then a recent pullback. So, that's what
we're seeing on the Bitcoin chart. Now,
if we look here, we are going to look at
the liquidations and then we're going to
dive into the golden cross, everybody.
But on the liquidation heat map, Bitcoin
is not looking like it has too many
moves to the upside compared to the
downside. After Bitcoin had its major
move up, people started opening leverage
positions to the downside. Now, look at
this wick right here. I the reason I
show you this liquidation heat map and I
and kind of explain what it means first
with crypto when people open trades it
is on the blockchain and there are
analytic firms that look at these
positions. So when you go to open a
trade on Bitbase you're open a long that
is all recorded on the blockchain and
they can kind of pinpoint where you're
going to get liquidated at. And so
that's what we're seeing right here. So
the brighter the color the more
liquidation. So this is just, you know,
your regular price chart. And we had
liquidations to the upside, liquidations
to the downside. And what do you know
with that move right there, that candle
right there, wiped out these
liquidations. Now, people opened up new
positions immediately. Not all positions
were closed out. And it wiped those
trades and then started to push to the
upside. And then it had to wipe these
trades. And then it had to keep on
wiping. It kept on wiping. That thing it
was, what do they say? What's the old
joke? It was like a Sharpie. Okay. there
was still you could just still see more
and more despite how much it was wiping
and then it started to finally move to
the downside after just kissed this
level to the upside. So that's what
we're seeing with the Bitcoin
liquidation heat map and like we said
we're going to look at more liquidation
heat maps today. Very special episode
but I think you guys are ready to talk
about the golden cross. So let's talk
about the major moves that we're seeing
and what we saw in history here. I see
your comments by the way. You got to
sweep the leg, Johnny. That's what they
say. And Pingu that that it's a meme
coin uh related to the the pudgy
penguins. I maybe at the end. All right.
It's it's a special episode. Normally, I
wouldn't do it for you, but I I will do
it today. We're not gonna we're not
going to look at all the coins, though.
I see some of your spammed comments
there. Let's talk about Bitcoin's golden
cross. So, first, what is a golden
cross? I'm not talking about the Jesus
piece that people wear, you know, on the
chain there. Golden cross is when you
have a smaller moving average crossing
above a larger moving average. Some
people will say it's the 21 crossing
over the 50. Usually you're going to see
it with the 50 crossing above the 200.
And so these are daily candles that
we're looking at. And so this orange
line just has the average of the last 50
daily candles. This green line has the
average of the last 200 daily candles.
And when you see a golden cross,
typically this would be known as a
bullish move. Now the inverse when you
see the 50 go below the 200, that's a
death cross and that's going to be
typically a bearish move. But these are
lagging indicators. And what do I mean
by that? It means well you're you're
measuring from 50 days ago and 200 days
ago. So when you see that 50 go above,
you got lagged information. This is 50
days old information. Some of it, you
know, at least 2% of that move. And so
this is what they call lagging
indicator. So oftent times it means the
bullish momentum has been spent. Now
let's get into the next part of the
equation here. What happened in 2021 and
2023. So let's just go back in time and
you can see this is the death cross
right here. We go straight down. This
one actually did move immediately lower,
but then it started to move to the
upside. So you actually had a better
entry if you're just a little bit
patient. And then we had a huge huge
move to the downside. And this is the
peak of Bitcoin in 2025. This is the top
of the bull market. And this is the
start of the almost year-long bare
market, folks. This is October 6. We're
already past September 6. So we're over
11 months. And so, you know, maybe maybe
this is the bottom. That would make it a
little the shortest bare market in
recent history. Let's talk about this.
So we're this one. Not quite. The 50
wouldn't go below the 200. And really I
I you know, I want a decisive move down
below. Here's another example. This is
2024. The 50-day moving average wouldn't
quite go below the 200 day moving
average. Let's keep going back. And then
you kind of see the same thing. The the
lines, they just kind of hung out
together right there. But now we're
cooking. Now we're cooking. Now we're
back. The first part we're going to look
at 2023, 2021. Maybe we'll scroll scroll
back even further. And so if we go
straight up from the last golden cross,
you go right here. Bitcoin would
decline. So, we had a nice move to the
upside. Let's go ahead and measure this
here. You know, just from the recent
price area right there. Yeah, Bitcoin
had pumped 50%. But then we saw the
decline and Bitcoin would then fall.
Bitcoin fell 20%. So, we we'll go back
and don't worry, we're going to go to
the present, look at what maybe a 20%
decline is going to look like. Here we
have the death cross. Well, what
happens? Well, price actually moved up,
then it went lower. And so, you get this
shortterm move. Now, we're in 2021. Now,
this is a mid market death cross. So,
you know, if if you want to say this
time is different, I I would definitely
agree with you. But we're definitely
replicating what we saw in 2023. Golden
cross right here. Bitcoin started to
move up. I remember, let me know, hit
the like button if you're trading crypto
around that time. You're like, that was
the bottom. That was the bottom. We're
not going any lower. And Bitcoin would
move up 18%. But then after that, it was
basically at break even, and then it
started to go lower, and then it fell
13%. So, we have a 13% move to the
downside and a 20% move to the downside.
Now, let's go ahead and fix this Y-axis
here. This one was a lot of chopping
around. There's a lot of chopping around
of 2020. You can blame a a good portion
of what we're seeing with this March
crash right here. This, you know, some
people said this would have been the
bottom had we not seen that huge huge
crash from the COVID lows of 2020. And
that's the that's the big COVID dump
right there. That's when the world shut
down. And then we have our golden cross
right here. Well, Bitcoin is essentially
flat. But technically, that's the second
golden cross of that bare market. You
could say this is the first one. This
one I I don't say is as clean data again
because of this move right here. But if
we were just to measure it, major major
move to the downside, 58%. So let's go
to 20% move. Uh is he technically
analyzing? I am technically analyzing.
I'm analytically getting technical here.
So, let's get into the present day.
Let's shrink the x- axis. So, let's
let's measure what is a 13% move to the
downside and a 20% move to the downside
look like. So, we get our measuring
tool.
13%.
Well, we're kind of testing this top
that we're seeing in July. I would not
be surprised to see us retest this. And
so, we got to sweep the lows. Well, we
got to sweep the top. We got to skim it.
We got to give it a haircut. Okay. And I
better not see any comments. Oh, he
doesn't need a haircut. Yeah, I know. I
know. I was telling a fun story. Just
give me 10 seconds here. You know, I
shave my head once a week. I use
clippers at home. I can feel it. It's
like it's like I'm cutting hedges here.
When I do the top, it's likeing,
all right, you know, uh that's just high
tea problems. Anyways, let's do a 20%
move to the downside. What is that going
to look like, folks? 20% move to the
downside. We're basically coming back
down, testing the top of uh really this
lower range here, 61K. The lowest we hit
was 58K, 57 and some change. You know,
different exchanges can give you
different numbers. I just like to say
58K was the bottom. And so that is well
within possibilities here. So the
question is if we do fall 20%. Are we
going to go a little bit lower, match
the four-year cycle, or are we going to
go a little bit higher? And this is the
very bottom giving us technically the
shortest bare market. Let me know down
below what you think. Is that going to
be the bare market bottom? Uh 58k or
have we not seen the bottom yet? Now uh
head and shoulders on the 10-minute
chart. Now we're really getting Yeah. Oh
yeah. Now this is going to be
technically a bearish move to the
downside if it were to play out
normally. Now again, this doesn't have
to. So a head and shoulders is a bearish
pattern. And the way you would measure
it, I mean, you could do the wick. We'll
we'll just be a little bit more
conservative here and this would give
you your potential downside target for
Bitcoin. If Bitcoin does play out, this
head and shoulders plays out, that
aerodyome short that we have open right
now is really going to pay off. Now, an
inverse head and shoulders is a bullish
chart pattern. That's where you have it
looks something like this and then you
get like a little weird choppy shoulder
right there and then that would give you
a different move there. that inverses
are bullish, regular head and shoulders
are bearish, but it doesn't always have
to play out. And sometimes you'll get
the double shoulder. Uh you make that
shoulder lean. You kind of do like the
Michael Jackson move from Thriller. Kind
of keep shaking that shoulder, shaking
that shoulder, and then you get your
move to the downside. All right, so
let's go ahead get rid of the drawings
there, moving the yellow lines all
around. All right, let's look at
Ethereum. Ethereum, major major moves
with Ethereum. And folks, the streak got
broken because of Ethereum. And you know
what? I should have seen the signs. Why
should I have seen the signs? Because
Wall Street was selling Bitcoin. And
that's kind of gives you a good
indication what the next day is going to
be. Look at all the Bitcoin ETFs
selling. $282 million. Six out of the
seven had sold. 67. One out of the seven
had added. And they added a very poulry
amount. Morgan Stanley was a buyer
yesterday, but mostly it was all sells.
Let's look at the ETH chart. What's
crazy about this one, our line that
we've been talking about for a long,
long time on Ethereum. So, let's just
kind of measuring the top. Measuring the
top gives us our level of resistance.
How did this play out on the smaller
time scale? Well, we can go to the
fiveminute chart here on Bitbase and
you'll see, wow, it actually did reject.
That was a good good short. Now, I did
have a long open and then I closed it.
Closed it in this range. And you know
what? I got squirly, folks. I decided to
open a short and that's what led to the
streak coming to an end. Now, I'm going
to try to show a little close. I had an
accident today. I had an accident. I
It's a little hard to see. I blotted it
out largely. Spilled coffee on my shirt.
You see the stains right there? So, you
know, I'm in the office. I'm trading.
It's Friday. You know, it wasn't this
cup, but
I sip my hot bean juice. For whatever
reason, a bunch spilled on me. I'm like,
man, what the heck? I have a trade open.
Normally, I don't like to use leave the
computer while in a trade. And I I say
the same to you guys. You're like, well,
why don't you set stop losses or limit
orders and do this and do that? Well,
because I'm I'm watching the chart. So,
if I need to do a stop-loss, I'll just
I'll just stop out live. You know, I'm
watching Never wear Yeah. Never wear
white. You know, that was on me. You
know, I should have just wore no shirt,
right? I should have just showed up. No,
that only Jake can do that. But so, I
normally don't leave a computer in an
open trade. I felt leverage trading
especially, espec mostly leverage
trading. I thought, well, Bitcoin and
ETH, you know, those don't move that
much usually. Usually, they don't move
that much. That's not what we saw with
ETH. I ended up getting wrecked on my
short while I was away, while I'm in the
bathroom blotting my shirt. I'm soaked.
I have soaked my torso. I came back to
the computer. I saw the liquidation
screen. I saw that the minute, you know,
I got it zoomed in on the one minute
chart. It had left the screen. It's
above the screen. I had a short. The
streak came to an end. And I only have
myself to blame. I should not have left
the computer. That's what I get for
leverage trading and leaving the
computer. I I messed up. I messed up. I
felt bad uh felt bad coming having the
streak come to an end because I could
have added to the order or I could have
cut it at a short stop, you know, maybe
just take a small hit, you know, take a
a small loss instead of really taking
the big loss there. I wasn't the only
one. Massive amounts of shorts wiped out
on Ethereum. $256 million in a 24-h hour
period. Just that one hour, 187. All
right. Just like the Snoop Dogg song,
people got wrecked. Vast majority of
those were shorts. $172 million in
shorts. I was in there. I was in there.
But at least I wasn't this guy. And I
don't mean to make light. There was one
trader who shorted Ethereum. He lost $20
million shorting Ethereum as that
Ethereum pump started to happen there.
And you can see that's right there.
Boom. Right there. Lost $20 million. So,
you know what? I maybe it felt a little
painful having the streak come to an
end. I it didn't feel as painful as it
did for that guy and that I I [laughter]
guarantee it. So, I'm saying, you know,
hey, I should have had my huggies on.
Well, you know, I guess that one's on
me. Let's look at the ETH liquidation
chart. So, very special episode. We
normally don't show liquidation heat
maps for anything besides Bitcoin. This
is Bitcoin revealed. We do like to focus
on Bitcoin, but hey, it's it's the
weekend and we're going to give you some
weekend setups. Looking at the ETH uh
heat map here. So, this kind of, you
know, that right there, I think that's
where you're going to see that on the
five minute chart. You start to see a
little bit of a pullback, came back a
little bit, but there's still some longs
that might need to get liquidated. Now,
you can keep hitting refresh. You'll see
that these orders shrink because, you
know, people close these in profit. They
get a little bit bored. But look where
we ended up hitting. So people started
opening up shorts here and those shorts
had to get targeted. This got targeted
and then then and only then was it able
to move to the downside. You can see all
these longs. People were like, "All
right, it's going to keep going up."
They got wiped out. All of these traders
getting wiped out. So what would be my
weekend setup for Ethereum?
I'm not too interested in trying to play
these moves. I might actually not even
jump in until a little bit lower than
the wick right there. So we got to keep
sweeping that leg. But I also do like,
you know, if if you were say wanting to
short, I wouldn't be interested until we
get close to $2700.
So that's what I'm looking at on the
Ethereum chart. Part of the reason I
would say, you know, hey, that might be
uh, you know, something kind of
advantageous here. There's major
entities dumping their Ethereum.
Wintermute. Wintermute is what they call
a market maker. All right, that might be
a little uh little bit of a a tip of the
day here. What the heck is a market
maker? these large exchanges, they pay
these market makers to keep volatility
low and sometimes, you know, to to
target trades. So, when there's too many
people with longs and these longs are in
profit, they'll call up they'll
literally call them up and say, "Hey, we
need you to dump Ethereum." And these
market makers will do exactly that. And
so, that's what we're seeing right here
in my opinion. Maybe it's a coincidence.
Maybe there's a big whale just needed to
cash out. But the pace of the selling to
me is a little bit suspicious.
Wintermute is a market maker and this
market maker is dumping a lot of ETH.
You can see it right here. 14 minutes
ago, 1 hour ago, 1 hour ago, 2 hours
ago. And you can see the amount that
they're selling. Three and a half
thousand ETH, 6 and a half thousand ETH,
7 half,000 E, 10,000 ETH. Dumping all of
this Coinb uh ETH into Coinbase there.
It's a Coinbase deposit. And they're
splitting it up. They're selling some on
Binance. They're selling some on
Coinbase. That to me is suggesting that,
you know, uh maybe some of these longs
needed to get taken out, folks. So, it's
a dark dark world in crypto and that's
what happens here. So, hot take just got
to be careful, folks. And especially
when you spill that hot coffee on your
shirt, that hot bean juice, it punished
me, folks. It punished me. Uh winter
mute equals trade record. That's just a
good way of describing it. This Salana
chart I'm about to show you,
fascinating. Fascinating. This is just
another level that we had been talking
about. Uh, look at this. We can go.
Okay, this is just the local tops.
Talked about this wedge pattern.
Also talked about sweeping the leg. This
one came very, very close. But Johnny,
he couldn't land it on Caruso. Is it
Daniel Caruso? Right. He couldn't hit it
on Danielson.
And this is the 4our chart. You can see
uh right now starting to make a little
bit of a move. Looks like it's just kind
of flat on the on the one minute. We can
go to the 1 hour. Look where that went.
This is just when you see technical
analysis. They people make funny uh
technical analysis just like astrology
for crypto bros. Really? Cuz if you open
your short right there, you were deep,
deep, deep in the money and you knew
exactly when to close that trade. You go
to the wick here, you go to the wick
there. Found a nice little level of
support. Lost it. You know, this was uh
one of the ones we were talking about.
This this where we're knocking on the
door. You know, the more you knock on
the door, the more likely you burst
through that door. This is yesterday. We
we covered this yesterday. Uh actually
two days ago. This is on the 9th. So
fell below it. Fell below. No, this was
yesterday because this is the the ninth
at in the PM. Fell below. Look, we're
banging on that door. This is the
jealous ex-husband. I don't mean to make
light of that, but you know, they're
banging at the door super hard.
Eventually burst through that door, but
she called the police. Then it went the
other way and it hit that line. Exactly,
folks. So great, great, great moves on
Salana. is very chartable, very uh able
to just navigate that one if you were in
a trade or at least if you're watching
this show and looking at the levels.
What about the liquidation heat map for
Salana? What are we seeing right here?
Well, look at that wick. It told us, you
know, show me the chart. I'll tell you
the news. Show me the liquidation heat
map. I'll show you the moves. All right,
that's a rhyme. I'm I'm going to make a
crypto song on that now. Uh came in,
cleared cleared all those. And I, you
know, back up a little bit. What caused
all those giant wicks? CPI data. And so
there's just heightened volatility with
this inflation print. So CPI core uh
producers index there core price index.
So it's showing basically the cost of
goods excluding energy and excluding
food because those move a little bit too
much. So it's kind of like uh just
looking at the direction of the value of
your money. And spoiler alert, the
money's becoming less valuable. That's
why you got to buy Bitcoin, folks. So,
it came in, cleared those, came up,
cleared these.
And there's some maniac here like, "All
right, all right." You know, the price
is right. It's You go straight down. See
where it's at? This person right here,
they're like, "This is safe leverage. I
am good up here. I'm opening my shorts,
baby." Uhoh. Uhoh. Uhoh. Liquidated. And
then fin. And then you can see, all
right, there's no one left. There's
literally no one left. Opening trades.
You'd have to go above. and then it
started to finally move down. Now, there
are a couple levels. This kind of leaves
us into the weekend setup. I think
there's another one, another situation
you got to sweep the leg. I like longing
this. If you were to like, you know, do
some low leverage trade and you wanted
to go to sleep like a crazy person, I'm
not interested till we're talking about
$97 and some change. So, that'd be the
weekend setup for Salana there. And
really though, I would be closing around
here, right around $100, the strong
psychological level. So keep an eye out
on that for the Salana chart. What do we
have for XRP? XRP just more of the same.
Our levels hitting exactly. We talked
about this parallel channel yesterday.
And what do you know? This parallel
channel gave us the move to the upside.
Now basically it went a little bit
higher, but I mean we're emphasis on
little. Let's go to the 15minute. I
mean, yeah, that was a great great short
opportunity. Me, I was just battle
scarred and wounded, man. the the coffee
spill that led to the ETH liquidation,
the liquidation of my coffee that led to
the liquidation of my trade. I uh I did
get some scalps in. You got to be
careful revenge trading though. Do not
revenge trade. And if you do want to
check out I mean we we had like 35 plus
trades in the green. We were due a loss.
We were due a loss. But if I was at the
computer, I probably would have added to
that position and I probably would have
been able to close that one in profit.
But you know what? I'm not, you know, I
don't want to complain too much. I'm not
going to cry over spilled milk or in
this case, spilled coffee. All right,
let's look uh let's zoom back out to the
4hour chart here on XRP.
I I think we're retesting. I think we're
retesting. I mean, you know, kind of we
talk about knocking on the doors. We
knocked on the door once, we knocked on
the door twice, we got bored, but here
we've knocked twice, three, four, five.
We're knocking on this door a lot more.
And so probability dictates that we're
more likely going to break to the upside
versus break to the downside. Also, when
you want to talk about probabilities,
when you have a parallel channel heading
down, you're more likely going to move
up. When you have a parallel channel
heading up, you're more likely going to
move down. And so, right now, the
probabilities for XRP are saying we're
moving to the upside. So, uh, that's
what we're seeing with XRP, folks. I
know a lot of you hate it. A lot of you
just can't just talk about it uh without
really getting angry.
It is what it is. What are we seeing
with XRP? Liquidations around 135. Keep
an eye out on that on the liquidation
heat map here. There are some crazy
crazy shorts that might get targeted
near 146, but I'm more uh apt to believe
that we got to sweep these and then
we'll head to the upside. All right,
let's talk about Hyperliquid, everybody.
Hyperlid also has a pretty good trend
line that I'm going to be talking about
or looking at here for this weekend. I
would not be interested in opening a
short on Hyperlid until we can come up
and retest this trend line. Now, these
are 4hour candles. So, this price is
going to go lower and lower. Say if it
were to teleport there sometime in the
next four hours, looking at right around
$85 and then it heads lower $84.95.
$84.85. So basically every 4 hours it's
going down about 10 15 cents. This to me
is the major major sticking point for
Hyperlid. So if you're looking for a
trade in Hyperlid, I'm more interested
in a short after a pump than I would be
trying to long after a dump. But if I
were going to long it, I I would not
even be interested in jumping into this.
I don't think we sweep these lows. I'm
thinking we're sweeping these. So I'm
gonna go ahead and draw the line there.
That's what we're going to be watching
folks on Hyperlquid if there is going to
be a dump. Now, we also have the
Hyperlid heat map on this one as well,
folks. So, what are we looking at? I
mean, all of these. So, this is going to
be sweeping that that leg that was way
over there. That is pretty far away,
folks. That's going to be under $78. So,
$77 and some change or so. That's where
I would be uh interested in. And yeah,
we get up here 85ish. Yeah, that's where
I'm interested in a short. Hyperlid, I
would be a little bit more conservative
on that one. How are we doing on uh ADA?
ADA has a little bit of support. Shout
out to the Cardono community. You guys
are I'm I'm part of it. I'm part of it.
We're maniacs, man. We're maniacs. We
didn't sell enough at $3. We didn't sell
enough at the recent pump at $1. And
there's some of us I've been taking some
profit on this one. I actually did buy
some during a dip, but uh this is the
trend line I'm watching on Cardono. I
wouldn't be interested for a long until
we retest this. Now, we have knocked on
this door a couple times, but you know,
I think we going to get at least a short
move to the upside on Cardono. Uh
Salana's converging RSI, where do we
have the Salana chart here? Converging
on what time frame? I mean, there's all
types of different time frames. I'm not
seeing anything too predictive here for
Salana. If we go to the daily, I mean,
this this was very very clear. Bearish
divergence. What's bearish divergence?
We talked about it before. Bearish
divergence is this one's very close, but
you know, we'll say it's close enough.
You get a lower high or you have a
higher high on the price. That's a
classic bare div. So, this kind of gave
you a sign that yeah, things were maybe
looking a little bit bearish. But if we
zoom in, let's say the 15minute.
Yeah, nothing really kind of screaming
at me as far as like, oh, this is a
predictable move. Looking at the RSI
there. Now, I did put out some charts on
the website as well. Folks, make sure
you check out verifiedinvesting.com.
We also have an app. Uh, so whether you
have Apple, whether you have Android,
you can check out our app and we put out
free content on there all the time. This
is just an example of some of the free
content that I gave out. This is an
Ethereum chart that I I kind of want to
look look at this real quick. This one's
super cool. December 10th wick into the
January wick gives us a nice little
target if we were to hit it. But what
makes this a little bit more compelling
is this a dual factor uh setup here. We
also have this peak here. This peak
here, this is March and April. These
lines converge right around 2880. That's
just a really I don't think we can go
that high this weekend, but if we were
just to have some mega mega god candle,
I'm looking at this level, folks. Uh and
then the next target would be around
3200.
Also, Vchain, uh this is on the daily
charts tab here falling into dual
support. So, what do we have on Vchain?
Well, we talked about this parallel
channel. This is a declining parallel
channel, but we also have this level of
support. It's a little bit hard to see,
but this wick here into this wick here
gives us a nice ascending trend line
here. And this tends to little look like
a nice little convergence at the top
part of the parallel channel, as Gareth
likes to call it. This would be a retest
of the scene of the crime on Vchain. Uh,
Midnight is Cardano. Well, Midnight,
what it did is take attention from
Cardono, and there's a lot of people mad
at Charles Hoskinson about that as well.
All right, let's look at this trade. We
didn't quite get uh our ETH losses. I'm
I'm going to go ahead and close this
one. We're going to go ahead and I gave
you this setup at the start of the show,
folks. At the start of the show, we
literally went live at 130. So, this
candle right here, I said, I'm in a
short. I don't know all two of you that
maybe copy traded me. Uh nice short
there. Did play out. We're just going to
go ahead and close this one. Take the
money and run as they say. Why? Because
it's Friday. I got to make some
articles. I got to, you know, I got to
make some content for you folks. So, and
then look at it. As always, it always
likes to run away from you the second
I'm chasing. I'm chasing. I'm chasing.
There we go. We close it. Close that one
in profit, folks. So, big shout out to
Bitbase. Uh there is a link down below.
We have a claw game. That's pretty cool,
folks. Now, you got to do a little bit
of trading volume, but you get free
entries. It could be as much as like a
thousand bucks off uh like kind of like
a prop bet almost. You get to keep all
of the winnings. So, hey, maybe go a
little bit crazy on that one. All right.
All right. You're spamming some charts
here. I can give you Zcash.
I'll give you Zcash real quick. We got
time. It's a special episode. It's a
special episode. That takes us uh you
know, we only been here a half hour,
folks. So, again, we normally don't go
this long every everyone, but we're
going to go this long today at least. Uh
what are we seeing on Zcash?
Well, I think the wick is where it's
going to stick. I'd be watching that
wick right here.
Uh that's kind of what I would be
interested in as far as a trade setup.
And yeah, I mean that's a pretty clean
nice little tags it tags it tags it tag.
You're it. And maybe a little move to
the downside. Not quite an inverse head
and shoulders because we don't really
have enough structure on this left
shoulder. That would be a bullish move
to the, you know, that would be
technically uh, you know, if it breaks
through, you got a nice little move to
the upside. Inverse head and shoulders
is a bullish setup, but I I'm thinking
we might have to reject from this level
and could be a potential wedge situation
starting to form, folks. So, maybe going
to run out of time. Zcash is going to
have to choose a direction there. RSI on
Bitcoin. All right, I can do a little
RSI breakdown for you folks. Now, again,
you got to give me these time frames,
but I'll just kind of run through a
couple of them. We're going to pull up
the relative strength index. What's the
RSI? Relative strength index. It just
measures measures the leg. And what's
the next move? It's going to be this leg
right here. So, we swept the leg. Look
at that. I mean, just swept a little bit
below. So, this might be the next level
that we need to go below. Let's go to
the 1 hour.
That's a bull div. That's a bull div.
Kind of gave us a nice little
prediction. Now, I mean, look right
there. If if you went too heavy on the
leverage, you got wiped out. You got
wiped out with that wick right there.
But then the RSI hit oversold and then
we started to see the pullback. Let's go
to the daily RSI here. Yeah, the RSI is
just heading lower. So, we're kind of
consolidating. RSI is heading lower.
This is going to kind of reset us where
we can maybe do the next move to the
upside and then we can start testing
this resistance zone yet again. And we
keep talking about this resistance zone.
Well, we got rejected there. We were
predicting it. What do you know? 1 2 3 4
five. Five daily candles flirted with
disaster and then got pushed down. But
the more we knock on this door. What
happens, folks? You already know. The
more likely we're going to burst through
that door. Thank you for sticking around
for this extra long episode of Bitcoin
Revealed. Uh we're here potentially, at
least in the short term, Monday through
Friday, 1:30 p.m. Eastern Standard Time.
We're looking for a new partner for
crypto combat and you know, hey, maybe
it's going to be Bitbase, you know,
maybe we're we're kind of talking to
someone else as well. And don't walk
away from your computer, folks. If
you're in a leveraged position, don't
don't do what I do. Oh, it's ETH. I'm
going to be fine. I got liquidated,
folks. So, uh, but we got three winning
trades in right after. We're we're
already clawing back the profits, folks.
So, hit that like button on the way out.
I really do appreciate you guys sticking
around to the end, putting your comments
down below. I reply to every single one
of y'all. I'm going to keep doing that
for as long as I can. I'll see you folks
on the next one. Have a good weekend,
y'all. See you in the future. Appreciate
it.