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today for the bitcoin price and yes guys most people in crypto do not understand yet what is going to happen in the next few days the next up and coming week is gonna be the most groundbreaking one we have seen in a long time maybe even ever let me go into it let me break it down for you let me tell you exactly what i am expecting for bitcoin for ethereum for crypto to happen right now in the immediate short term let's go straight into it of course the ladies and gentlemen as always smash like button to a new all-time high i mean guys this is the tipping point this is what we've been waiting for and i'm not talking about these technicals here i'm not talking about let me should pull it out um here right there i'm not talking about this triple of ascending triangles we had here with one consecutive breakout towards the upside after another well the question is of course many people are asking are we going to what the heck happened with this freaking app here they really readjusted it is um are we going to help get another break out here towards the upside well let's talk about that first of all this is the 12 hour lecanos for bitcoin and what you can see is that bitcoin is fighting with resistance yes but dear ladies and gentlemen if you are looking at what is going to be lining up next week to come of course i mean everyone knows it the bitcoin etf final deadline arc invest 21 shares happening on the 10th of january 2024 i want to tell you something 80 percent of crypto investors roundabout 80 percent are expecting this one to be approved so no matter what happens it is most likely for the biggest part priced in already not completely but for the biggest part so that means if there is a positive if there is an approval on the 10th in three days two days depending on when you're watching that we are going to see a pump obviously not not a huge one but we are going to see a pump not a huge one because it is mostly priced in already if there is a rejection which is maybe less likely and not really anticipated by the market however if there is going to be a rejection we are going to see a massive massive break towards the downside and now the question is what is going to happen to bitcoin what is going to happen to ethereum what is going to happen to crypto well i am still in my trades here my bitcoin trade is right now ranking in two three point two three point three million dollars in a profit the ethereum trade 300 000 us dollars in a profit so overall roundabout 3.
5 million us dollars in profit on this trade i could go out now take profits run and no matter what happens i'm gonna be fine i'm gonna be happy about these beautiful profits however i have a game plan and i want to stick to that game plan and what you can see here is this ascending triangle has this apex coming somewhere within the next few days and you ladies and gentlemen i want to let you know that on the 10th of january depending on how the decision will be i think this is when we are going to break this is when bitcoin is going to decide we are going to either a break 44 500 reach the price level of 48 500 or b we are going to break the support at 42 800 and reach the price target the negative price target of 38 500 in fact if we are going to get rejected i even think that the following price target let me go here down to the weekly to show you exactly what i'm talking about i think if the less likely not so anticipated rejection is going to happen and again i'm not saying we are going to get a rejection but if then i think 38 500 is probably a little bit too bullish for my taste i think the bottom will be somewhere around 32 000 where we are having the weekly ma ribbon coming in where we are having the strongest support in the history of bitcoin which was the strongest resistance in the history of bitcoin coming in 32 000 this is the weekly candles so the downside at the moment at least in the immediate short term is higher than the upside the upside is more likely but the downside with being less likely is much higher i hope you get my point here so jumping into a long position or into a short position before we know the fact is right now extremely dangerous and don't get me wrong if you want to trade the news that is also very dangerous we have lined up a number of bots actually just waiting for this to happen honestly i myself i'm gonna step back i'm not gonna trade this event the coming week it's gonna be a mess they are going to be liquidation candles to the upside to the downside this is what i wanted to tell you this is my big warning here dear ladies and gentlemen of course if you want to be trading if you want to get ready maybe for the next trade afterwards or trade support trade resistance trade this a big sell-off or short a big pump well a link down below 60 000 us dollars in free bonuses for you click register deposit pin comment video description this one is for you thank you so much for watching dear ladies and gentlemen we are going to see you very soon at the next one as always as always bye bye.