Bitcoin: Support at 64k, Can Funding Trigger a Bounce?

Bitcoin: Support at 64k, Can Funding Trigger a Bounce?

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BITCOIN LANDS ON 64K SUPPORT · MyCryptoParadise

Table of Contents

In short: In this session Simon reads Bitcoin as sitting on strong support at 64 to 65,000, with 63,000 (the 0.618 Fibonacci level) as the deeper floor. He leans toward a near-term relief pump before any lower move, citing a large bullish hammer on the 4-hour, a daily MACD bullish cross and an RSI reclaim. Fear and Greed is near 20 while funding rates are only starting to turn positive, and the 4-hour long-squeeze probability reads about 15 percent. He is not yet taking high-probability shorts, and treats 67,000 as the resistance that was rejected.

Where does Simon say Bitcoin support is right now?

Simon places support at the 64 to 65,000 zone, which he says is holding nicely so far on the 4-hour. Below that, he flags 63,000 as strong support, formed by the 0.618 Fibonacci retracement stacking with 0.786 levels from two prior wave structures.

Why does the 64 to 65,000 zone matter?

He calls it a multi-confluence level: the ascending trend line of his channel, the previous high of the first move up, and the VPVR all meet there. Because several signals point to the same price, he treats a hold as more probable than a clean break down.

Is the crash about to continue or can Bitcoin bounce?

Simon leans toward a bounce first. He argues the bears failed to push meaningful volume on the move down, while bulls showed strength defending support. He is not fully sold that the correction is finished, so he expects possible sideways chop before the next leg up.

Simon reads funding-rate positioning and long-squeeze probability live in this session. You can track the same funding data yourself on the MCP Crypto Funding Rates page to see when the market leans crowded long or short.

What do the funding rates tell Simon here?

Funding is heating up but only mildly positive, meaning some traders are starting to lean long again. Earlier, funding was very negative while sentiment was fearful, which he called a high-probability long setup. Now it is closer to neutral and warming, a more mixed read.

Does he expect a long squeeze?

Not an aggressive one. On the 4-hour, Simon puts the probability of a high-intensity long squeeze at only about 15 percent for Bitcoin. So even with funding turning positive, he does not see a violent flush of over-leveraged longs as the base case right now.

What is the Fear and Greed Index showing?

The index is near 20, which Simon treats as an extreme reading when it lines up with important support. People are fearful, he notes, but the funding rates show they are not heavily acting on that fear by shorting, unlike the earlier very-negative funding phase.

Which signals is Simon watching on the daily and 4-hour?

On the daily he cites a MACD histogram bullish cross and an RSI trend-line reclaim on rising volume. On the 4-hour he points to a large bullish hammer candlestick and an early, unconfirmed bullish divergence between price and the MACD histogram.

What confirms the bullish divergence for him?

Simon wants at least three declining momentum bars on the 4-hour MACD histogram first. A stronger confirmation is the blue line crossing above the red line, the same cross he says preceded the earlier move from 60,000 up toward 67,000.

What is the RSI reclaim checklist?

He describes a three-step reclaim: a breakout on strong volume, a retest with declining volume, then a hold as support. He says a single daily close with RSI turning up after that retest would put the reclaim near 90 percent probability in his read.

Why is 67,000 the key resistance?

Simon marks 67,000 as strong resistance where price was rejected, tied to a 1.618 Fibonacci extension and other confluences he has covered before. He frames the recent drop as the market building the next corrective move after that rejection, not a fresh trend down.

How does this fit Simon’s bigger-picture Bitcoin view?

On the weekly, Simon says the 82,000 push was a fake-out above a moving-average trend line, which set up the drop. He has flagged a top read since 121,000 and names 44,000 as his long-term bottom target. He skips the weekly detail here to stay on the 4-hour.

What wave structure does he think Bitcoin is in?

Simon describes an ending diagonal on the higher degree. He believes the market is forming a corrective structure, likely a triangle with five smaller waves, and wants to watch price, volume and momentum near the apex before calling the next impulsive push up.

What did the trading side do in this session?

Simon says the ParadiseFamily VIP group closed a Bitcoin long entered near 62,000, taking target two around 67,000 at a strategic level to account for sell walls. On altcoins, XLM hit target two and neared target three as Bitcoin dominance dropped and liquidity rotated.

Why does he say altcoins are getting attention?

Because Bitcoin dominance fell sharply, Simon expects liquidity to flow from Bitcoin into stronger altcoins. He stresses this means movement and tradability in both directions, from swing and day-trading angles, not a promise of one-way upside.

What is Simon’s stance going into the weekend?

He is protecting existing long setups and is not yet entering high-probability shorts. Until price breaks the support zone on strong volume, he expects the 63 to 65,000 area to hold and the next meaningful structure to form to the upside before any deeper move.

What does he say about risk sizing?

Simon ties position aggression to probability: the higher the edge, the more risk he is willing to take, and the lower the edge, the smaller. He argues understanding how big the edge is, not just that one exists, is the core of long-term consistency.

What would change Simon’s read?

A decisive break below the support zone on strong bearish volume would flip him. He notes the first push in a real reversal usually carries volume above the moving-average volume line; because the bears have not shown that, he still favors the bounce case for now.

Key levels Simon named this session

  • Support zone: 64 to 65,000, holding so far on the 4-hour.
  • Deeper support: 63,000, the 0.618 Fibonacci and 0.786 confluence.
  • Resistance: 67,000, the rejection level with a 1.618 Fibonacci extension.
  • Weekly context: 82,000 fake-out, 121,000 top read, 44,000 long-term bottom target.

Frequently asked questions

What price is Bitcoin support according to this video?

Simon puts near-term support at 64 to 65,000 on the 4-hour, holding so far. He marks 63,000 as deeper strong support, where the 0.618 Fibonacci retracement stacks with 0.786 levels from two earlier wave structures, plus the ascending trend line and VPVR.

Does Simon expect a bounce or more downside?

He leans toward a relief bounce first. His reasons are weak bearish volume on the drop, a large bullish hammer on the 4-hour, a daily MACD bullish cross and an RSI reclaim. He is not fully convinced the correction is over, so sideways chop is possible before the next leg up.

What do funding rates and Fear and Greed show here?

Fear and Greed sits near 20, an extreme fear reading. Funding rates are only mildly positive and heating up, so traders are just starting to lean long again, less one-sided than the earlier very-negative phase. On the 4-hour, Simon reads the long-squeeze probability at about 15 percent.

What is the resistance level Simon watches?

He marks 67,000 as strong resistance where Bitcoin was rejected, tied to a 1.618 Fibonacci extension and other confluences. He treats the move down after that rejection as a corrective structure rather than the start of a fresh downtrend.

What confirmation does Simon want before turning bullish?

On the 4-hour he wants at least three declining MACD histogram bars, then a bullish cross where the blue line crosses above the red. On the daily, a single close with RSI turning up after a low-volume retest would, in his read, push the reclaim toward 90 percent probability.

Video transcript

Auto-captioned from the video audio and lightly cleaned. It is what was said, not a written article; for the structured breakdown read the sections above.

Bitcoin crashed [music] exactly to our support zone, but funding rates are heating up. [music] So, is the crash about to continue or can we have a relief pump now? Let's analyze the probabilities. >> [music] >> My Crypto Paradise >> Hello ladies and gentlemen, let's go.

This is Simon from My Crypto Paradise. Welcome back. It's great to be here. Today is Thursday and that means that you're watching the second video of this week. So, previously we have been talking about Bitcoin on the weekly time frame. We have understood that this is just a fake out above this the price action above this moving average trend line and that with the highest probability we will start pushing to the

downside, right? So, that was right here at $82,000. We have dropped to $60,000 and afterwards we have moved our focus more on the lower time frame. On the daily time frame we have been analyzing that we are at very strong support. The whales are holding the price action from falling further and from the price action development perspective because we have understood how the market is breathing.

We have understood that with the highest probability Bitcoin will see an upside upside price action, right? So, on the daily time frame we have been expecting that something will push the price to the upside. Then we have got contextually nice sentiment momentum because of the news much that the US and Iran made a deal, right?

You know that that just provided extra liquidity. So, this move happened faster thanks to it. The market would move anyway towards this moving average trend line without the news with the news doesn't matter. The news just work as a catalyzator. They are not making the moves in the market.

They are just making it faster. Be it up, be it down or up ladies and gentlemen. So, then we have been focusing also on the lower time frames on medium time frame on 4-hour perspective and we have understood that the probabilities are actually pretty high that we will start seeing a nice price action to the upside because we have recognized that the market done a first small inhale, right?

How do we recognize inhale? Inhale is made out of five small breaths and basically we have understood that this was the inhale, exhale, inhale, exhale, inhale. Henceforth, the market finally took a breath on the medium time frame and this is henceforth just an exhale before the market will take another inhale.

That is why we have been predicting that this support will be holding and we'll start breaking above this previous local high. Well, and in the latest videos we have been expecting on the medium time frame because we have charted this channel where with the highest probability this inhale will finished and because we have got a multiple confluences at this level which is made out of, for example, 1.618 Fibonacci retracement level and

other important stuff that we have been going through multiple times, right? And we have been going in depth through it. We have understood that the 67,000 there is 67 is going to be a very strong resistance, ladies and gentlemen. Afterwards, henceforth, we have understood that in the last video that because of these kind of things that the market is having right now, we will see we will see with the highest probability

a downside price action, right? So, after we have got a rejection from that 67,000 there is exactly we have been predicting that the market is creating the next exhale, right? Because we have finished this inhale and the support will be right here at that 64 to 65,000.

Again, multiple confluences we have got is the ascending trend line of our channel, is the previous high of the first inhale, there was the VPVR, etc. Multiple confluences we have been going through it in detail in the previous video. Well, and take a look at this.

So far, we are holding very nicely at this level exactly at this zone, 64 to 65,000. It's holding so far very nicely. The 4-hour time frame basically is creating some kind of a base right here. What we have got, for example, is this bullish hammer candlestick pattern, ladies and gentlemen, which [clears throat] you know that you usually see at the bottom of some downtrends, right?

So, it's not It's not like for 100% certainty that when you see bullish hammer candlestick pattern formation, that the market immediately needs to go to the upside, but it's just giving you this kind of confidence that the bulls are back in the business, right?

Because the market the market bears tried to push the price below this ascending trend line, right? But the bulls stepped in exactly at this support, and they have bought all of that selling pressure. They have bought it back, right? And that's what creates this beautiful wick below us, and it closed green as well, small body of the candle.

So, this is a very nice bullish hammer candlestick pattern, a second one, but this one is much larger, which tells you absolutely everything that you need to know about it. So, the probabilities are increasing that we will see a nice push to the upside.

However, I'm not yet completely I'm not yet completely sold that this was the corrective motive exhale. You know that the corrective motive this kind of patterns that you can find on our MCP MCP website in our Micro Traders University for free. We have multiple articles about these corrective motive structures, and if you take a look at it, you can see because I'm recording for you the videos three times a week right

here. We are talking about all of those patterns. You can clearly say You can clearly say with me, ladies and gentlemen, that this is this is not yet the exhale formation, right? So, it might be continuing. What we know about the fourth wave is that it's a sideways correction, right?

So, we might be flowing in a sideways movement for some time. With the highest probability, it will be some kind of a triangle. You know that in the triangle, we need to have five smaller waves. As we going to go close to the apex of the triangle, we will be taking a look at the price action and at the volume and at the momentum, and then we will be able to say

that with high confidence, we will start pushing to the upside and we will create the final fifth wave direction, gentlemen. In this video, I will not be going through the weekly time frame analysis. I will not even go with the Bitcoin dominance analysis, but you know that we have been predicting that Bitcoin will crash like this, right?

And that will be good for altcoins. With parity summary VIPs, for example, we have closed right now the Bitcoin that we have been taking at 62 62,000 there is long position. We have closed it. We have just taken target two at 67,000 there is almost, but as a professional traders, we are counting that there will be some sell walls, etc.

So, we placed it at a strategic level. We also need to count with the volume we produce as a group, right? So, we are very careful where we place our targets. So, target two been closed, but regarding those altcoins with XLM, that been moving very nicely.

We are we have closed target two. We are very close to target three, ladies and gentlemen. So, altcoins, strong altcoins are getting love, ladies and gentlemen, just because the Bitcoin dominance dropped significantly, all right? So, I do believe that this is not going to stop right here.

I do believe that the altcoins will start having very nice movements, and I'm not talking about upside. I'm just talking about that the altcoins will be getting a nice liquidity because the liquidity is flowing from Bitcoin back to altcoins, all right? Which is absolutely amazing.

So, big moves up and down, very tradable from swing trading perspective, day trading perspective. You will get a lot of love from altcoins, a lot of fun with altcoins. CME futures gap, we have closed it, you know about it. So, weekly timeframe analysis, I will not be going through it because you know exactly what we are expecting since 121,000 dollars, right?

We are predicting the 44,000 dollars as our long-term bottom. You know that we are also watching the very important indicators, the behind-the-scenes data that most of the people and most of the traders are actually ignorant to, I would say. All right, so the spot exchange volume versus derivative volume, nothing changed.

The net unrealized profit and loss, nothing changed from the previous previous videos that I've been explaining to you. So, we will stick with four-hour timeframe in this video, ladies and gentlemen. Daily timeframe, you know that we have hit this beautiful moving average trendline.

That was also the reason why I've told you if you have not been opening long positions right here at this moment, even though we do expect that we will start pushing a little bit higher before we will start creating the third wave of our ending diagonal pattern.

And if you have not watched the previous video, watch it so you understand what the ending diagonal pattern is going to do with the price action. So, this wasn't a great risk reward. This was actually better risk reward that we've been talking about for looking into some short positions.

However, short positions, if we have the perspective that from the like weekly and daily timeframe we will be moving a little bit higher is also not very good. So, really the one sniper shot was would be done well if you have done it as well would be the long position right here.

Otherwise, right here as we have been talking about in the previous video, long positions like still the probability is higher that we will continue to the upside, but the risk reward is bad, right? So, you know that there is always the trade-off between probabilities and risk reward, but this risk reward would be horrible because we have been talking about that if you want if you would like to create a nice like

professional trade, in order for you not to be wicked out during the volatility, you need to place your stop loss below the important support and below these two weeks as well, right? So, you are not getting wicked from the noise before the real move happens.

You know, from the album that I've created with the team that you can listen to on Spotify and Apple Music, we have this song called Signal versus Noise. That's exactly about this. So, I hope that you love this song the same I do.

I'm listening to it I'm listening to it every day. Let's have a look right now on the on the on the volume, all right? So, what can we read from the volume? Who is stronger right here? The bulls or the bears? Well, we can see that on the final push towards this moving average trend line, the volume been increasing, right?

Which is very good, which is very bullish. And as we are going to the downside, the volume is actually right now declining. We still have like 10 hours, but you can see this is pretty weak from bears whatsoever. Also on this this first pushes, ladies and gentlemen, they are usually the strongest ones, all right?

As you can see this green one, for example, it usually goes like above the moving average volume trend line. So, if the bears would be turning the market, the the strongest bear, the insiders bears, would be pushing loads of volume right here, like the bulls done right here during the first the reversal candle to the upside, right?

But you can see that the bears been very weak. It didn't even went above the moving average volume trend line. So, the bulls are strong right here and the bears are not showing me that they have enough strength to continue to push the market below the previous local low before we can start pushing a little bit higher, but we will be talking about the price action once we move our focus on

the 4-hour time frame. What's also kind of nice once it becomes basically confirmed is this RSI. So, as you can see, this RSI moving average RSI trend line been holding the RSI line in downtrend for a very long time, right? That That's That was this price action on Bitcoin.

And just recently, we have been able to nicely reclaim it with a very nice volume, all right? So, right now, what's important What's important, ladies and gentlemen, that we will have the bullish reclaim. And you know what's important for the bullish reclaim? So, first of all, it's two-step pro- It's actually three-step process.

So, you need to have a breakout, right? With nice volume, which we have got. And then you need to have a retest with decline in volume, which with the highest probability we are getting right now. Once we get that and we touch that again, we will then be looking if it can hold as a support really, all right?

So, the volume might be one in these, but as a professional traders, the more probabilities we have, the more risk we can actually implement in our trading tactics, right? So, if you are looking for some nice trading setup on the daily time frame, definitely RSI is something you should be watching over for every day basically, right?

So, if we will touch that RSI trend line like this with the decreasing volume, declining volume, then I will be looking also That's the That's the third step on the RSI starting to look to the upside, yeah? So, once we get that, that will mean like one daily close, yeah?

If it starts looking to the upside. That will be a very high probability. It will be like 90% probability that this is a successful reclaim from resistance into a support, and we will be able to continue to go to the upside. So, it's all about professional trading.

One important thing is continuation. That's really what what you should be focusing on, right? So, we are focusing on a lot of things like imbalances, extremes, right? But also continuations, because we want to catch the trend, right? The trend is your friend. So, basically, if you can catch the trend, you can make most of the money.

So, you need to be focusing on where is the least, basically, resistance, right? So, is the is the least resistance to the upside or to the downside? It really matters based on how the market is positioning their support resistances, and also on the momentum indicators, how we are having the reclaims, etc., right?

And also, everything matters. We are having on the MACD histogram bullish cross, which is great, all right? So, we have got nice bullish cross, ladies and gentlemen. So, this is again increasing the bullish probabilities that we will need to go a little bit higher on the daily time frame before we will start doing the next important move to the downside, right?

So, you know that we have completed the first wave right here, ABC. Right now, we are creating the secondary wave. So, I do believe first, second, basically, the A wave is subdividing itself into five small waves. You know that we are in the ending diagonal.

That means the higher degree. So, this was the higher degree first wave, and right now we are forming the higher degree secondary wave. So, again, it will be three wave three waves structure or variations of thereof. So, right now, we are trying to form the first A wave, yeah?

So, it subdivides itself into five small waves, ladies and gentlemen. So far, we have got first wave secondary wave, third wave that I believe was finished with this shooting star candlestick pattern, and right now we are doing the fourth wave, and once we get the fifth wave that needs to go basically above the previous high, it can be truncated, but it's very unlikely for the waves, yeah?

For the A wave structures. Once we get that, and we will get a five five wave structure inside of this one, it will complete the first A wave, and then we will be looking for the higher degree correction B wave, and then we will have the C wave, and then we might be starting to crash below the previous low.

So, we are monitoring the price action, ladies and gentlemen. Let's right now uh shift our focus to the 4-hour time frame. And before we do so, let's also have a look on the Fear and Greed Index that you can monitor with me on our website, mycryptoparadise.com.

What is the Fear and Greed Index telling us? All right. So, are we getting to some extreme numbers? Well, you know that on our Fear and Greed Index, the extreme numbers are number 20 and the 80, right? When you can confluence the number 20 with some important support, it's usually a bottoming signal.

And the opposite is happening with the number 80. If you can confluence with some important resistance level, right? So, right now, a lot of people are getting into a fear mode, and they predict that the market will actually go to the downside, right?

However, one thing is belief, and second thing is if they actually act on it, all right? So, even though we are getting to a fear mode and close to the 20, we can actually see on the funding rates that the funding rates are not negative.

So, not a lot of people are actually shorting. We have seen very negative reading, and we have been talking about this. We have been seeing a lot of negative reading right here, right? That's why it was such a high probability play for us inside of Paradise and VIP, because we have been seeing all of these confluences and also the funding rates, yeah?

So, the Fear and Greed Index has been at 20 plus, the funding rates have been very negative. What does it mean? It means not only the sentiment is bearish, but people are actually willing to bet on that, that the price will continue to go to the downside.

What we see right now is that we are getting close to the number 20, all right? So, people are fearful, but we can see that actually not a lot of people are betting on that. They are not actually in a short position. What we can see is the opposite a little bit.

The The market is kind of neutral, but it's heating up a little bit. So, actually, some people are entering long positions, right? Which is kind of problematic if you are bull. And if you are right now been opening, for example, a lot of people been opening hard long positions right here, and they are still not yet shaken out fully.

We can see that on the funding rates, all right? I don't believe that from the 4-hour time frame perspective, there will be a very aggressive long squeeze. We can see that on 4-hour time frame, the probability of some high intensive long squeeze is only 15% on Bitcoin.

So, even though the funding rates are heating up, the probability of some extensive long squeeze is not that high just yet, okay? So, yes, the funding rates are getting positive. So, a lot of people are starting to lean bullish. They believe that the price action will start to go to the upside, but it's not that drastic anymore, and it's actually something that we see in the beginning in in the end of

the fourth waves and in the beginning of the final fifth waves of any impulses, right? So, it's actually something that we are watching over. That's also why with Paradigm Shift VIPs, we have started to take some profit on our long positions as you have seen, but we are not yet leaning back into short positions because the probabilities are not that high just yet that the market will start pushing below the previous

low, yeah? So, what we can see right now is also another bullish sign, which is not yet confirmed, but it's forming, and that's beginning of a bullish divergence, right? So, as you can see, the price action is creating higher low, the MACD histogram lower low, all right?

So, what we can see actually that some selling pressure is happening, right? Some selling pressure is happening, but it still doesn't exceed the buying pressure that some of the new people are doing. So, if you take a look then on the open interest in the next video that I will record for you on Saturday, you will know exactly the kind of dynamics between the new people that are coming into the market

and start betting and the old people that been actually longing right here and right now they are dumping their positions. So, that's what's creating this selling pressure. And we are on fear on perpetual right now, okay? So, we are seeing all of this on perpetual future a future exchange.

So, be aware of that when analyzing volume and also looking at the momentum indicators in your trading tactics, ladies and gentlemen. So, right now, what we can see is that we are indeed at our support ascendant trend line. We are having there the VPVR.

We are forming the bullish divergence, which is not yet confirmed, however. And this is exaggerated bullish divergence, so you can see not a lot of confluences from other momentum indicators. Yeah, we will be talking about them in a minute. So, for a confirmation on MACD histogram, you know what I want to see.

You know that because you're watching these videos all the time, right? So, what I want to see is at least three declining momentum bars on the 4-hour time frame. Once I get that, it will tell me that the bullish divergence is getting some kind of a confirmation.

Then even bigger confirmation is going to be once we start getting this bullish cross, right? The blue line will start crossing above the red line. It happened right here at $60,000, and then we have started to push to $67,000. So, you know how very important this signal is, ladies and gentlemen, right?

And look at this. Like, if you've been patient, look at this. So, basically the momentum been basically decreasing, the bearish momentum, right? The price action, however, been going lower and lower. So, there was clear bearish divergence. And then, also the bullish cross. And then, you could have made a beautiful risk reward trade, right?

If you have this kind of trading tactic, then there is millions of trading tactics. Me, for example, I'm treating the MACD histogram just one as one of the indices. This is not the only thing I'm looking at. All right? You know that I'm doing multi-time frame analysis.

We are looking at the behind the scenes data. We are looking at multiple other price action development perspectives, volume, and like loads of stuff, VPVR, normal volume. We are looking loads of stuff, right? So, then you can basically build your trading tactic based on that.

Because you're looking at a lot of data, right? And then you just counting the probabilities, right? So, this is bullish. It's adding, for example, three points. This is bullish, adding four points. This is bearish, so it's decreasing, for example, five points. Well, and you continue like this with your data that you are how you are analyzing the market.

Well, and then you decide, like, it then then it depends, like, are you going to take probability trade setups that are 60, all right? Or are you start taking trades when you get 70% of probability? Well, and then depends on how much you're going to risk, right?

If you if you have 70, you know that you will risk this amount. When you have 75% probability, you will you will increase more, right? The risk. When you have 90% probability, you will increase even more your risk. And that's exactly the song in the album Professional Trader, aggressive versus defensive, right?

DNA, defensive and aggressive. That's the song about about exactly this. Because it's really matters when you open a long position. It It doesn't really matter if you open long or short. What matter is when you go short, how aggressive you go. And when you go long, how aggressive you go.

All right? So, all of of matters, ladies and gentlemen. And I hope that you are doing it inside of your trading strategies, because that's the only way how you can be long-term profitable, right? Not only counting with the edge, but understanding how big the edge is, and based on that, deciding your risk.

So important. I don't know why nobody's talking about it. This is the key thing. Key damn thing, ladies and gentlemen. So, right now, on the 4-hour time frame, we can take a look also if we have more confluences, all right? And we can see, for example, that 618 Fibonacci retracement level is sitting right here at $63,000.

And you know how extremely important this level is, right? So, we can see clearly that this price action, this movement is not yet completely finished, right? And we don't even have the next push to the upside that would basically tell us, "Ah, okay, we are already creating the first wave of the next, basically, exhale inside of this, probably it's going to be a triangle, right?" So, once we see that this wave

structure is finished, all right? And then we will see beginning of the next wave structure, we might start understanding with the highest probability what kind of pattern we will begin to form, ladies and gentlemen. So, we are letting the price action to develop.

Trade safe, ladies and gentlemen. Take a look at these confluences, all right? So, this was from the first wave structure, 786 Fibonacci retracement level, confluencing nicely with 786 Fibonacci retracement level from analyzing the third wave, and that give us $63,000. This is going to be strong support, ladies and gentlemen, strong support.

The price action, as we are going down, the volume is declining, all right? So, really, the the bears are losing power, and if they will not step in, and we will not get like a huge break with nice volume below this support zone, the support zone is going to hold, ladies and gentlemen, and the next important stuff is going to be the next next wave structure to the upside.

So, ladies and gentlemen, definitely I'm not yet entering into some high probability short positions. You know that we are protecting our long setups in private zone VIP, but I'm not yet focusing on some swing and day trading setups in expectations of like another big price action to the downside.

Yeah? So, ladies and gentlemen, trade safe, trade with a professional trading strategy, and I'll see you again in the next one on Saturday. Cheers. >> Calm, bro. Clear eyes. Work done. Now, right. No rush. No drag. >> [music] >> Right time for snack.

Clean setup. Clean click. Execute like [singing] a pro. That's it. >> [music] >> Clean setup. Clean

Educational content, not financial advice. Crypto trading carries substantial risk; you can lose your capital. Past performance does not guarantee future results.



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