Video: BITCOIN & ALTCOIN DUMP: DON'T BE FOOLED!!!! - Bitcoin News Today, Ethereum, Solana, XRP & Chainlink
Generated: 2025-09-27 00:40:38
Status: ok
Video URL: https://www.youtube.com/watch?v=pr9o0xhvbwY
Josh is currently neutral to slightly bullish on the overall market, but with some short-term bearish signals emerging. He anticipates potential short-term pullbacks or sideways price action, while remaining in his Bitcoin long positions, with a stop-loss in place to secure profits. He emphasizes the importance of risk management and highlights the possibility of continued bullish momentum.
Weekly Chart: The super trend indicator is green, indicating a larger bull market. However, a massive bearish divergence is active, suggesting a potential slowdown or break from the bull market.
3-Day Chart: Approaching a possible bullish crossover in the MACD, which could signal a recovery in Bitcoin's price. Josh anticipated this, and it has been playing out as predicted.
Daily Chart: Bitcoin is struggling at a significant resistance level around $117,000. He warns of resistance and potential rejections around this level. If the price confirms closes above $117,000 and holds it as support, the next target is $120,000, and then all-time highs. Support is around $114,000 - $114,500 and $113,000 - $113,500.
4-Hour Chart: A new bearish divergence is confirmed. This doesn't necessarily mean a massive crash, but rather a short-term pullback or choppy sideways price action. If the price breaks below $114,500 and fails to reclaim that level, it would be a strong bearish signal. Liquidity is building above the price, between $118,200 and $119,500.
Trading Strategy: Josh is in Bitcoin long positions on his BTEX and Two Bit accounts, with stop-losses in place to protect profits. He has already secured profits and is leaving his upside open. He secures profits to protect the downside.
3-Day Chart: Ethereum is trading in the same sideways price range he has been talking about for weeks, predicting more choppy sideways price action in this range. Support is between $3,900 and $4,100, and resistance is at $4,800 - $4,900.
4-Hour Chart: The price has confirmed a 4-hour candle close below a key support area between $4,470 and $4,500. It's crucial for Ethereum to break back above this area to hold it as new support. If it fails, support levels are at $4,370-$4,380 and $4,250-$4,280. Resistance levels are $4,470-$4,500, $4,540-$4,550, and just above $4,600.
General Strategy: Overall, watch Bitcoin's price action, as this will likely influence Ethereum's movement.
Long-Term: The larger price structure is still looking very bullish.
Short-Term: Seeing a slight pullback. Immediate support is at $230, with more support at $215-$216. Resistance is around $260.
12-Hour Chart: A new bearish divergence has formed, suggesting a potential cool-off or pullback. This doesn't necessarily mean a bearish trend reversal.
Weekly Chart: Significant bearish divergence is still active.
Daily Chart: The breakout of the triangle pattern is likely no longer playing out. A break below $0.290, with a daily candle close, would invalidate the breakout and be a bearish signal. It is lacking bullish momentum.
Inverse Head and Shoulders: The inverse head and shoulders pattern is not forming anymore, as it was rejected at the neckline ($3.14).
Short-Term: Follow Bitcoin's price action, expecting similar movements.
Short-Term: Bouncing around in a sideways price range, lacking momentum.
Support: Around $22.20 - $22.40.
Resistance: Roughly $25, $25.20, and $26.80 - $27.
Larger Trend: Holding above $22 maintains the bullish trend. A break below $22, with a failure to reclaim the level, would suggest a new bearish trend, with a target of around $19 to $20.