TO ALL BITCOIN TRADERS DON'T IGNORE THIS SIGNAL-ufonepackagessms

 bitcoin broke above the golden ratio

right there which is very very bullish

however we are seeing one major warning

signal i want to share with you in

today's and if that warning signal

is playing out then we might see a

bitcoin pullback or a bitcoin correction

in the not so distant future then guys

we are going to have a look at cardano

because cardano just set a new all-time

high which is yeah very bullish in the

crypto space right now but we are also

going to have a talk about some

different subjects in today's video that

was the end of the video i want to have

a quick talk about nfts and we are going

to have to talk about

um the that one of the biggest

investment funds right now is entering

the bitcoin mining firm so a little bit

about the future of crypto so guys all

about that in today's video with that

being said my name is sharon welcome to

the blockchain today the channel where

you subscribe for daily crypto videos

right now let's jump into the bitcoin

price action

but before we are zooming in on the

bitcoin chart guys let me remind you

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really make my saturday okay guys now

let's dive into the bitcoin chart and

actually

bitcoin is looking insanely bullish as

we are breaking to the 61.80 and like i

said in yesterday's video guys the thing

the structure that is looking bullish in

the price or in the chart of bitcoin is

that we got rejected from the 61.80

which which like i said first touch most

of the time always is a react rejection

so we need to find a higher low

somewhere and that higher lows so far

went actually above

the um fibonacci level that is below us

the 50 at approximately 43 and 600 and

that's already showing us that the

investors and traders they don't want to

wait till bitcoin is reaching that level

no they already buy it up buy it up

while it is slightly above it level and

that was quite bullish with that and

pattern wise that fall in wedge pattern

where we have seen that break out so

this is actually looking very good

especially bitcoin trading above the

61.80

because the longer and stronger we are

trading above the 61.80

the lower the chance that this actually

is a retracement from this drop

but right now comes a big bot and you

have to be careful um with this price

action because we are seeing some

warning signals i want to point out and

that is that on the daily time frame the

declining resistance on the momentum

indicator is still valid so we are still

getting rejected from that declining

resistance on the momentum indicate and

that is not a big problem that is not a

big problem however it will be a problem

if we are going to lose the

61.80 right here so that is going to be

a deterministic level in the bitcoin

price guys and can show us that we might

see a further correction down

right here if we are going to lose that

level because if we are going to lose

that level that is just showing weakness

and if we have a look at previous times

that happens most of the time it wasn't

um yeah that bullish for bitcoin so let

me show you for example right here we

have a top we have the bottom right here

we use the fibonacci retracement tool

right and then we can see that the 61.80

is uh acting as resistance right here

also by the first touch and then

afterwards we are breaking out to the

offside which is very bullish however if

we cannot hold these levels and we are

rolling back over then the moment we

break below the 61.80

that is going to be the warning signal

like okay we've lost that level this was

a potentially a filtered attempt of

breakout right now we might get another

attempt in the future but

it's just a warning signal and a show of

weakness it's also

this is also appliable when we are

looking at the all-time high so for

example right here we have a all-time

high if we haven't seen this price

action yet then we can see the price

trending upwards and surpassing the

previous all-time high setting a new

all-time high however the previous

all-time high cannot act as support and

we are losing the previous all-time high

that is a very very significant warning

signal guys and that is just

showing weakness and as you can see

eventually we just saw a further

yeah if a further drop in the bitcoin

price so

breakouts and reclaiming key levels is

bullish but if we are afterwards losing

them it is

even more bearish so to say

so okay this is this is just something i

would say you need to be watching so the

level below us is going to be the 61.80

at 47

865. if we lose that level uh yeah we

might see a bigger

yeah bigger correction bigger pullback

right here in the not so distant future

because that will um confirm this

bearish divergence as well in the daily

time frame

and yeah so that is the things that i'm

watching and as long as bitcoin is

holding above this level we are going to

uh assume that bitcoin is going to

continue this uptrend on the weekly time

frame things are actually looking good

we are still trading above the 20 week

moving average any 21 week ema so that

is all looking quite good then guys

let's go to cardano in the us dollar

comparative

because carano has just been setting a

new all-time high which is actually

quite crazy um

but yeah so far we are not yet seeing

that much follow through it is weekend

right now so

um you might want to be careful during

the weekend but normally what we are

seeing guys when a certain asset is

breaking the previous all-time high we

are seeing a acceleration of that

uptrend we are seeing that often um

after with bitcoin we are seeing that

also with are so right here we had a

all-time high right and then eventually

we break that all-time high and we see a

acceleration to the offside let's check

if we got more examples right here

so we got an um

we got a all-time high right here as

well we break it we've seen acceleration

all-time high right here we break it we

see an acceleration so

normally it's a very bullish sign when

we break the previous all-time high and

normally that will come with a

acceleration in that uptrend so what we

are seeing right now

in cardano is that we are not yet seeing

that happening we are not yet seeing

that um euphoria are coming in and

really pumping after we have broken

below above the previous all-time high

right here at approximately two and a

half us dollars 2.47

and what we can see guys is that this

pump in cardano is getting exhausted and

we are seeing a yeah declining

resistance off on the relative strength

index which means that we are seeing

right here actually a double a bull a

double bearish divergence with a high a

higher high and another higher high and

doing the opposite any momentum

indicators that is just something to

watch and i would i would definitely not

um yeah longing cardano right now i

would be careful right here and if we

lose if we lose the previous all-time

high guys decisively

then so we break below this level on

this levels acting as resistance then

yeah most likely we can see a further

drop in cardano against us dollars and

that will same as with bitcoin that

would show weakness if that were to

occur but also something tricky about a

bull market is that

when price is consolidating

um it the rsi needs to come down so

sometimes we are seeing that coming

along

with bearish divergences so the price is

going up the rsi is going down that

doesn't necessarily always have to mean

that

things are looking bearish

however it is a warning signal which

makes you

should you make aware of the fact that

the momentum is slowing down because

that is in fact what's happening we are

either consolidating or we are going to

see a correction right in a bull market

it's a sideways consolidation and maybe

slide slightly upwards with the other

side going down and when we are seeing

that bearish divergence playing out we

are losing key support that's basically

what it is so

as long as we are not losing key support

there's no need to act up on with your

um with your portfolio or with your

trading strategy however once we as we

are seeing those signals coming along

after for example such a bearish

divergence then that could be a moment

that you want to actually want to act up

on it so when we are losing a key level

in this case that is the previous

all-time high in bitcoin it would be the

61.80

so that these are just very important

levels to watch then guys i quickly want

to

go to the s p 500 as well

because i actually want that uh yeah

basically that every single one of you

is aware of this chart and that this

chart is going to be

uh very important in terms of the price

action of bitcoin and crypto because as

long as we are

trading in a healthy uptrend right here

in the s p 500 as long as we are not

breaking market structure then

things are quite normal for crypto

normal for bitcoin however if we were to

see a correction

so guys then i quickly want to go to the

regular financial markets the s p 500

because i want every single one of you

to be aware of this chart and if you are

equipped to trade if you are trading

bitcoin you definitely have to be

watching this chart as well and so what

we are seeing right here is that we are

still in this rising watch pattern we

are still in this uptrend which is good

it's also fine for bitcoin but the

moment this is going to see a correction

the moment we are losing this up

trending support right here and for

example we were to come down

to the uh yeah formal resistance of this

rising channel

then that correction most likely will

cause selling pressure on the price of

bitcoin as well and will coincide with a

pullback and a correction in the price

of bitcoin so guys this is just a very

important chart to watch because this

chart can already show you earlier on

that you might have to uh prepare for a

small pullback or correction in bitcoin

because there is still a very direct

correlation between those two then guys

before we are jumping into our next

topic which is going to be about nfts i

quickly want to mention the following

which is that the prime xbt has been

starting their own youtube channel

called prime xpt academy and here they

are talking about uh yeah a lot of

things that is going on in crypto

they're talking about the news but they

also are talking about certain training

strategies they are just starting out so

if you are interested to learn more

about trading crypto to learn more about

prime xp d and to get more news uh about

what is basically happening in the

crypto space then i will leave a link

down below to the youtube channel from

prime xbt and guys soon we will have an

interview with the host right here of

the prime xpt academy which is quite

interesting if you have any questions

you want me to ask him make sure to drop

them in the comment section down below

and if you want to yeah follow this

youtube channel i would leave a link to

this channel down below then guys let's

go to the next topic of today's videos

and that is nfts because nfts lately is

quite a hype it is non-functionable

tokens which means you can create

digital artwork and you can um yeah you

can sell that over on the blockchain so

you can somebody can actually have

digital ownership of a certain

collectible or a certain artwork but

what i want to know guys is i want to

know your opinion are you working with

nfts do you create nfts or are you

active in nfd communities drop a comment

down below and let me know if you want

me to

you have a look now and then at nft

projects and

that we have a talk about that because

some projects they actually um yeah are

quite successful and here you can see as

well for example here you can buy this

dope shiba right now the price is yeah

100 ethereum that is of course a crazy

amount of um crazy amount of money that

is not the offer but guys lately there's

just a lot of interest in the nft

section so guys if you are interested in

nfts please let me know in the comment

section down below and we will be having

a look further to this right here on the

channel then guys i want to have a quick

talk about the following subject and

right here we can see a news article

that states black rock etas holds 384

million of shares in bitcoin mining

firms and so right here we can see that

the sec filings reveal that blackrock

has invested almost 400 million into

riot blocked blockchain and marathon

digital hauling stocks which are the two

leading mining stocks right now bitcoin

mining stocks right now and so guys this

is a really big thing because it's

basically stating that the biggest

investment company of the world where

the most powerful people of the world

are linked to are investing into bitcoin

mining firms i also think it's actually

quite scary and i'm quite curious about

your opinion because bitcoin normally is

something for the people white is

something that um

is against the regular financial markets

and if we are seeing

this

investment company blackrock uh

investing into bitcoin mining firms then

that really shows us where we are

heading in the future this is really

this is not a joke that such a

investment company is investing into

bitcoin mining firms and guys i do think

that this is a very huge thing because

this is basically stating that the

biggest investment company of the world

is taking a huge step into the bitcoin

mining industry

and

yeah this is just really showing us that

even the most powerful people in the

world

they are seeing a future with bitcoin

but guys i'm really curious what you

think about this yes so let me know your

opinion about blackrock buying or

entering the bitcoin mining industry

down below then guys that was it for

today's video i hope you all enjoyed

today's analysis if you enjoyed today's

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want to wish every single one of you a

awesome