[music]
Hello everybody, Drew Dosi here with
Verified Investing. Today we're going to
dive into four of the hottest crypto
charts in the markets this week. They
certainly are pushing and pumping and
we're going to start off with the
biggest one of them all, guys, Bitcoin.
So, let's jump into these charts, break
down some of these levels to help you
out on your next trade. All right, first
up with Bitcoin, guys. Notice on this
nice decline that we had here on
Tuesday, as well as the decline that we
had Wednesday with the FOMC, notice what
happened. We basically put in a low at
the same location here, right under
$75,000.
But I want you to pay attention to where
these candles closed. So, I'm going to
zoom in just a little bit more. Notice
this low pivot that occurred back here
on August 23rd. That low value was
$75,538.
If you notice where price closed here on
Tuesday, we closed at $75,584.
We closed above the low of this daily
candle. So, what that did, guys, is it
kept Bitcoin in a bullish range despite
this decline that we're seeing here on
the chart of Bitcoin. And it is somewhat
of a declining parallel channel, too.
You can see I can connect pivot to pivot
right through here. And you can see
Bitcoin has really just been trading in
this downward uh channel. most recently.
But the good news for Bitcoin bulls,
these lowest dips all maintained within
the price action of the low range of all
of this consolidation on a daily closing
basis. Near-term, that's very positive
for Bitcoin. Now, the upward resistance
will be right here found on this
declining top end of the parallel
channel right around $78,500
over the next couple days. Getting above
that would allow Bitcoin to try to get
back into the more near-term bullish
momentum space in this inverse wedge. If
you see from the uh area of the top of
the parallel over to this resistance
trend line. Now, I will show you where
that comes from. That resistance trend
line is a pivot low back here from
November of 2025. Cleanly has been
capping price acceleration on the most
recent bumps and pushes up on the chart.
So that is the major line in the sand
right there for Bitcoin to get up,
remain above, and then it can make
another leg higher and attack this
inclining trend line at $89,000. Now,
that inclining trend line is actually
the neckline of the Bitcoin head and
shoulders pattern on the chart. So bulls
want to do everything they can to push
price above that neckline because that
then takes away the measured move
potential of Bitcoin plummeting down
here to under $50,000 at 37,508.
Uh the time horizon on that occurring uh
with the windows actually closing as uh
Bitcoin has been on a four-year cycle
very much uh for the last 12 years. you
know, if you go back um through the
cycle of Bitcoin and really not about
almost 12, but they've had made highs
and then separated these time frames.
And matter of fact, you know what? I'll
flip it over to give you a little bit
more insight on um this sort of chart
with Bitcoin. So, check this out. I'm
going to show you uh here we go, the
Bitcoin chart, and I'm going to rewind
the time just to show you the cycles of
what I was mentioning just a moment ago.
You can see here, I've already got it
annotated from the time frame that
Bitcoin made its pivot high here in 2017
over to the pivot high in November 21.
Look at this. 1428 days. The very next
pivot high to pivot high. 1428 days.
Now, the time frame from that high to
the low, 371
days. And then most recently, I'm trying
to map out when we're going to make our
new low on Bitcoin. And if we were to
match up exactly like what has happened
in the past, you can see here that time
frame would elapse on October 12th. So
we're getting within a month and Bitcoin
is pushing up, not necessarily making
new lows, especially not making lows
down here at that measured move target
for the head and shoulders pattern. So
Bitcoin right now is doing very well,
maintaining up above inside that
parallel channel. Very good news for
Bitcoin. As I said, got to fight above
those key levels with that declining
trend line as well as this major low
pivot that occurred at $80,524.
Getting above that and maintaining above
that is going to help the bulls push
crypto and Bitcoin higher on that chart.
Next up guys, into some other high
flyers, we got near USD. Now, Near USD,
for those that may not know, Near
continues to gain traction for its
sharded high throughput layer 1
architecture, focusing heavily on chain
abstraction and user onboarding
infrastructure for decentralized
applications. So, that is a mouthful
guys, but in essence, its utility is
gaining traction amongst investors and
pushing price as you see here not that
long ago, August 19th, down at $160, now
breaching $3 as we speak. Now, you
already see I've got a resistance trend
line. So, we're running into resistance
with near right here at $34.
I'm going to show you where that comes
from by flipping onto the weekly time
frame. That's from pivot to pivot. And
we're running straight into that range
now. So, I anticipate over the next few
days price to stall out, put in
consolidation right here at that $3
price point before building the momentum
to break up to go higher because you see
here on the weekly chart getting close
to overbought near-term. On the daily
chart, we are already overbought, over
70 on the daily RSI. So, back to the
weekly, I could show you once and if we
establish above $3, Near can have a very
nice clean shot up to $3.87.
That's the measured move that is
generated from this sort of pattern on
the chart. So, interesting uh potential
upside opportunity there on the chart of
near got to get over $3 first. We'll see
how how that fares over the next several
days. Uh next up, we got Zcash. Now,
Zcash also really an outperformer in the
markets. Look at this. Pushing up to
over $1,400.
Uh, getting just underneath $1,500 today
at 1495 at the current high. Very nice
stairstep pattern that's been going on
here. Bullish consolidation break above
this parallel. Bullish consolidation. We
did have a little bit of a retest.
Kissed the top of the parallel. Didn't
hit it exactly and then since has
ripped. If you guys watch my trading to
close, you know I already talk about
breakout retraces, bounce plays, and
that's exactly what happened here on
Zcash. Now, let's go back out uh further
in time to show you where we are on the
charts. You can see Zcash had mainly
been contained in this parallel channel
since September of 2025. All up until
recently where we illustrated the
breakout, retrace bounce play that Zcash
really started taking off further on the
charts. Now what I like to do when
charts get uh extended like this and
break out where no other previous
historical data left of the charts
giving me any sort of insight for
resistance levels, trend lines, um you
know uh gap fills, etc. Uh I flip on my
parallel channel tool and then I start
drawing parallel channels within the
current parallel channel that we just
described and then I isolate down what
could be this near-term breakout
trajectory. And if you do that simple
technique, guys, look what I'm able to
accomplish by by connecting the low
pivots as you saw me do pivot to pivot
to pivot that lined up perfectly
allowing the bottom of that parallel to
be drawn. And then I extended out the
top portion of that parallel to come in
contact with this high pivot that you
see here on September uh 6. Where does
that take us today, guys? Right into
resistance. Now, let's get to the
10-minute chart. Look at how perfect
that is, guys. That gives us right now,
at least near-term, the resistance spot,
but I caution you. Notice the interest
in Zcash. Now, we are extended, but it's
been putting beautiful stairstep price
action all the way up. Even on the
10-minute chart, and we flip back to the
daily, same sort of process. So, there's
still a ton of interest in Zcash. Now,
if this resistance holds, the area that
I see support is back here on the high
range of this consolidation right around
1294 in essence piercing that $1300
level. That would be the first level of
support. The main one that you likely
would be a little bit more conservative
to play uh would be down at the bottom
of this parallel closer towards 1231
depending upon where and when price can
get back in there. But still, I did
label that as somewhat conservative
because it wasn't entirely. The most
conservative route would be to wait for
all of this momentum to um subside, wait
for those profit takers to come in and
then buy back here on the top of the
parallel right around $1,000. That would
be the ultimate more conservative route
that would set you up with a better
opportunity for success if we do see a
selloff there on Zcash. Lastly, guys,
Hyperlid, you can see here also in the
news as far as pushing up today, nice
gain of 5.13%
so far. Now for those that are unaware,
Hyperliquid
uh functions as a high performance app
chain for decentralized derivatives
trading. Its utility is tied directly to
deep onchain liquidity, perpetual swap
execution and protocol fee distribution
to active ecosystem participants. Again,
another big mouthful and that seems like
just the way it is with cryptocurrencies
and understanding some of their
utilitarian purposes. However, technical
analysis shows us here in Hyperlid, we
have been within a parallel channel, an
inclining parallel nearly for the entire
duration of this uh cryptocurrency's
existence. Now, what we find ourselves
at now at the chart because we've
cleanly had resistance on the top,
support down here on the bottom, and
then once we've gotten up above this 50%
area, the parallel, we've actually based
put in some inclining consolidation that
generally results in a move downward,
and that's what we got. The main thing
though for hype to contend with right
now is this 50% area of the parallel
channel. Look at that nice breakdown
sideways consolidation. That's a bearish
uh consolidation. The resistance will be
where? Right here in the 50% area of the
parallel 8427. That also happens to be
the high end of the candle from
September 10th. So this is a major test
for hype in the near term. This is
somewhat of a breakdown pattern pulling
price back down into the lower 50%. If
we can get above that inclining 50% area
of the parallel, that then starts
shifting probabilities because
probabilities right now are pointing for
a rejection here at this line at this
50% area of the parallel channel. Higher
odds favor a rejection here. Again, that
doesn't mean it guarantees a rejection,
but probabilities are on the side of
more downside for Hype Liquid, at least
uh right here at this 50% area of the
parallel channel. All right, guys. Uh
that concludes wraps up our video today
on uh cryptocurrencies for uh charts for
in the news cryptocurrencies, ones that
have a lot of volatility and movement.
And if you time these entries and exits
correctly, you certainly could make a
substantial amount of profit. Thank you
so much for watching today, guys. Again,
my name is Drew with Verified Investing.
We've got a ton of free videos here for
you. So, sit back, relax, uh learn some
technical analysis and your next setup
for your upcoming trade. All right,
guys. Hope you have a great day. Until
next time, we'll see you right here on
the charts. Take care, everybody.