IS THIS THE BEGINNING OF THE BEAR MARKET? IS THE DUMP OVER? #Bitcoin #BTC #Ethereum #ETH Analysis

What's up everybody, welcome back to The Art Of Crypto, the birthplace of absolutely legendary gains. In this video, we are going to be taking a look at Bitcoin and Ethereum, and if I'm feeling generous, maybe I'll add in a couple of stinky bits for altcoins to, you know, just so you have an idea of where exactly you should be buying alts at what price during this dip that we are experiencing right now. So if you're interested, I'm going to be scattering them around throughout the video, so make sure you watch till the end. However, right before I do that, if you haven't already followed me on Twitter at _TheArtOfCrypto, you're going to want to do so. This is where I'm sharing the latest market updates as well as this 777 USDT giveaway. The rules are very simple, make sure you participate. There's only about 48 hours or so until this giveaway is over, so you know, just participate, you know, don't miss out on this. Not only that, but man, if you guys aren't following me on my Twitter, you're missing out, man. I called AXS, right? I said I'm taking my profits and running around $95. Look at where he went to, right? I caught this in advance. Not just that, I said, hey, $1.75 for FTM. If you go to your FTM chart, I called it, right? To the cent, right? Not a cent more or less. And Solana, man, I called it at next major is, is about $195. Bam, check it out, man. If you guys are not following me on Twitter, you are missing out. So make sure you do and make sure you participate in that giveaway. So immediately, let's start off with Bitcoin. So if you guys watch my last analysis, it still stands true. Like a lot of things still stand true. We are still sort of in this expanding megaphone pattern. I don't really place much emphasis on this one, but it doesn't change the fact that for multiple, multiple days now, I have been talking about funding rate, right? If you watch any of my previous videos, you know that we saw this coming. Honestly, if you want the short answer, like are we still bullish or are we bearish? Honestly, I'm gonna say I'm— I believe that we are net long, right? We are net bullish. So here's the thing about funding rate: when everyone is so irresponsibly long, right, if you, if you take a look at the funding rate, anything that's close to 0.1% is really high. At the moment, you can see that a lot of them is getting reset right now. Basically, after yesterday's dump, um, if you paid attention to Bitcoin at all, Bitcoin only really moved by like, like 2.5%, but all the alts pretty much dumped like, I don't know, 10 or 20%. And it goes to show you that whenever funding rate is high, you need to be careful about your alt positions, right? There is no telling when something big is about to happen. And if you— for those of you who watch my channel, you already know that we have been seeing this coming for a while now. And for those of you in the private Discord channel, you would have known that I caught the exact support at this level at $51K. Like, bam, $51K support, we bounced exactly there. So Let's figure out where is the next support. So first things first, we are not done with this move, okay? Funding rate is still immensely high and it will— this dump that you see right now will not stop until you clear out all of the funding rate, right? You have to clear out everyone who is irresponsibly long. And if I were to bet my money on anything, I assume, I would think that we are coming back to this $50K, $500-ish level at least. And at the moment it does seem like it's reaching for it. Right? It should come down to this level right here. Or potentially, if you just take a look at this orange box that I drew here, there is a lot of liquidity underneath this level, right? Basically, imagine if you went long like maybe here or here or anywhere, or maybe even from here. Now just give me a logical area where you would place your stop loss. I would assume it's right below here. So what this means is that most people are, you know, most of the liquidity is right below this level. So would I be surprised if Bitcoin dips below 49K, I wouldn't be surprised at all. And if that happens, the next point of support is going to be at about 48K, right? 48,800. A lot of the things that I mentioned in my previous video still holds true, and ultimately 48,800 is going to be a very key support. Uh, 48K could be very good as well. So you're just going to want to dollar cost average, right? If you're looking to get into Bitcoin, I would do some at 5,500 and at these 2 levels as well. So if you had— man, this thing is dropping like— I might actually have to hold on to this recording and go do a little bit of trading, and I'll go back to recording You guys have to remember, I am a trader first, not a content creator. So, uh, just a quick little update. It's been about 2 minutes since I stopped talking. So if you take a look— well, I promised I would have gave you these, um, you know, at the beginning of the video. I promised that I would give these limits to you guys somewhere around the video. And just a quick little update, um, the Chainlink limit actually hit, and it was spot on, man. Spot on. 31.3. I called this. Look at that wick. Bam. Uh, by the way, this is, um, my 10K to 100K challenge. Challenge account. This is not my main account. This is just a challenge that I'm doing inside the private group. For those of you who are interested, I'm also posting a trading journal on my Twitter where every day I just go through my thoughts of what I'm thinking at the moment. And man, in real time, guys, this is all happening in real time. Now, do I suggest you take these limits with your own, you know, live money? No, I'm just telling you that this is a suggestion, right? I'll get in trouble if I get into financial advice territory. But just showing you guys that, hey, bam! It's always a beautiful moment when you snipe entries like this and it's recorded live. What more can you ask for, man? But honestly, like, I didn't set the limits before I started recording this video, so I actually wanted to go bigger. But what can you do? What can you do? Well, I guess we're getting back into recording the video then. So yeah, see what I mean by this level acting as really strong support? Right now you guys are getting the live breakdown right now. But yeah, see how you find support at this key weekly level. If you— I'm not going to teach you how to do it because there's still a lot that I have to cover, and if I do start getting into teaching, then this video is going to become way too long. So this is, this is the first key support level, and as you can see, we have bounced perfectly, right? Perfectly. Bam, bounced. So in the event that Bitcoin does break below to clear out the liquidity here, your next level of support is going to be at about $49K, right? Let's just move this level up a bit. It's going to be at about $49K. And if you had, say, $1,000 to play with, um, you could do some— you could do some right over here, right? Just like how it bounced here. Do not expect this to be the bottom, but you can expect a bounce. Just like over here, you— it might not be the bottom, but you might expect a bounce. So that is going to be the second level. And the third level that you want to keep in mind is that at the moment, if you just take a look at this ascending megaphone, right, this widening, um, megaphone thingy, you can see that the next Like honestly, the next level of support would come in at about 48K, right? Give or take. If we just mark down this level right here, you can see that if the price were to fall down all the way here, it would, you know, give or take, give or take about 48,500-ish, it would be the bottom of this megaphone support. And historically speaking, Bitcoin has been finding support, you know, once, twice. So you could look into these 2 levels, right? If I had $1,000 to play with, maybe I would go in with $500 each. And that is currently the status on Bitcoin. In the event that it does fall below this level as well, then the next level that you are really honestly going to want to look for is about 46,500-ish, right? Ish, 46,400-ish. This is going to be the next level of support in case you fall under, you know, this bullish megaphone. Now I'm saying, I've been saying this for weeks now, like multiple weeks now, and I do believe that we are in bullish, you know, bullish conditions, right? You are bullish until you're not. So At this present moment, you are still forming higher highs and higher lows, and indeed you are still bullish, which means the only reason why the markets are dumping right now is because of funding rate. And as you can see already in just 5 to 10 minutes, right, if I refresh this right now, funding is going to look a lot better already. Like, look at this, sum is already back to 0.1, 0.02. Absolutely brilliant, right? Look, OMG, absolutely reset. So given, you know, just Give give this another hour, give this another two hours, and funding is going to be reset. So the reason why the markets are dumping is because you need to clear out all those overleveraged people before you can continue moving on. And I do believe that Bitcoin, as long as it remains bullish, it is going to try to reach for this 58,400 to 59,500 level. And so overall, we're bullish, which means during dips like this, you should not be panicking. Okay? If you panicked during yesterday's dip or today's dip. You need to, you know, get get a hold of yourself. Okay? First, understand you know the order flow. As long as order flow is bullish, you buy the dips, right? You don't panic. And if you're following me again on my Twitter, I do have a live trading journal where I go through my exact thoughts at that exact moment, right? So seriously, follow my Twitter. Even if you cannot join the private group, I share a lot of value just on my Twitter alone. So that is going to be Bitcoin, right? In the event that it falls below here, you're gonna look for 46. 400 to act as immediate support. And worst case scenario, worst case scenario, you break through even this one— I don't, I don't think it's going to break through this one, I really do not— you're going to want to look for 41,400-ish, right? This area, this block right here, let me just draw it out. This is called a bullish order block. And for those of you who don't know what a bullish order block is, just go and watch my old videos. I do get into it in great detail. In the event that you really do fall below this level then it's either going to be here or here. Honestly, my biggest bids on Bitcoin is going to be at around this level. So full disclosure. But at the moment, yeah, we're bullish. And man, um, I really do hope you find value from this video. If you have found value from this video so far, it would help me so much if you could just drop a like button. It's a small gesture, but it really, really helps a lot. So for Ethereum, it is the same story. Notice how we just wicked right below this area right here, right? This is what you call an area of liquidity. Notice how we wicked right below and now we're bouncing. Right? The sooner you learn how to spot these things, the better off you're going to be. So the next area of support, honestly, I'm going to count. Like, I usually do not use EMAs, right? I use EMAs probably 1 out of 500 trades. But at the moment, because I really do not have anywhere else that I can really place like a logical zone of support, I'm gonna have to use the EMAs. And that's the beauty about— and that's how you're supposed to use technical indicators, right? You don't need— like, don't, don't be using the MACD or Market Cipher or anything for everything, you know. But when you need them, like when you have no other confirmations, you can use an indicator. That is when you're supposed to use it. So in this case, notice how not only do we have the 100 EMA, which is this orange line right here on the 4-hourly, lining up to this level right here at $3,554-ish, but you also have a 1-hourly bullish order block over here, right? This block right here, that is a bullish order block, which means I'm going to be looking to enter Ethereum at this bullish order block. As for where that might be, it would be give or take about $3,570 to $3,555-ish, right? And you can see that volume really does pick up at the VPVR at about that level, which means that there is support at this level. So this is going to be the first logical level that I'm going to be looking for to get Ethereum, um, for a little bounce, right? Maybe a 5 to 10% bounce or for continuation. Now I will get into the other levels later, but that is going to be your first level of support. Now Now, full disclosure, my biggest bids are going to be at about 2860, but at this point in time, I really do not think that, you know, unless you really go— if we really, at this point, if we really do hit this level, there's a very good chance that we are going to be falling into a bear market. So let's not bet on that, right? At the moment, order flow is still incredibly bullish. So let's continue to find areas where we can buy the dips. And at the moment, that area is going to be at about 3360. 3380, give or take. If you fall below this level, I'm going to ignore this block right here because it has already been filled before. Now, it might not be immediately apparent on the 4-hourly, but if you go on to the 1-hourly, you can see that it indeed has been filled before. So notice over here you have the block, you go up, like, you get the point. But if you really, really, like, if you were an aggressive trader and you really just want to buy dips, then this could be an area that you could look out for, right? This area at about 3400. Personally, I wouldn't But if you wanted to, you could. Personally, I would look more towards 3380 or even just a tad bit lower at this key support area at 3350. Expect really strong support at that area. Now, do I want to see Ethereum go there? I don't know how to feel about that. Honestly speaking, I really don't. Because if you do come back all the way down here, then it's not gonna be ugly. It's not gonna be pretty, let's just say that. But I would still like just buy dips, right? We are bullish until we are proven otherwise. So buy dips, and these are going to be the areas to keep in mind. Now I actually hope that you guys are, you know, screenshot this for yourselves. Am I saying that these are going to be the exact bottoms? No, but I do think that these will be instant 5 to 10% bounces if you get it right. This is the bonus that you were waiting for. You know, these are going to be areas where I'm going to be buying these coins at the moment. Chainlink, you can cross this out already because Chainlink filled, obviously. And man, look at this, man. Perfect. Oh, beautiful. And again, this is the kind of stuff that you're gonna get if you join the private group. Like, you're getting firsthand just a demonstration of what you get in the private group. Not only are you going to get access to the trading education where I lay down everything that I've learned over the years, over here you're going to figure out exactly what works and exactly what doesn't work, and you're just going to learn everything that I know. Not only this, but you're going to be able to follow along live with my $10K to $100K challenge. It is currently day 7 and I am sitting at about 65% cumulative, right? I started this on September 1st. I'm sitting— my account size is sitting at about $16K right now, so I'd say that's pretty good progress. But again, not shilling this $10K to $100K challenge. If you come in here, just be willing to learn, right? Education primarily, the rest is a bonus. Not only that, you're going to get access to You know, just real-time market updates as well as, you know, if you saw what I did with FTM, if you saw what I did with Solana, if you saw what I did with AXS, then those are stuff that you can expect to get in the private group. Not only that, but you're gonna get access to profitable trading setups every single day where we have people making money every day. And you know, what can I say? It's probably going to pay itself off real quick. So if you're interested in signing up for the private Discord group, just head to the link in the description. But for now, we are going to get into one last coin for those of you who have stayed until this point, because you know I always like to reward people for staying until the end. So this coin is going to be ADA in particular. Now for ADA, it is actually pretty— it's actually pretty confusing because right now you already dipped into this bullish order block right here, which I did not see prior to when I bought it. So have we missed this entry? Probably. Should we, you know, FOMO in? Absolutely not. So we're going to remove everything here and we are going to look at this area right here, 2.2 to 2.14. This is going to be really strong support for ADA, right? This is an unfilled order block. Let me just move this down. This is what you call an unfilled bullish order block. And if ADA does get to this— I'm not saying it's going to get to that level, but if it does, then expect at least a 5 to 10% bounce. And I don't know about you, but 5 to 10% sounds amazing to me, right? I would take that any day. 5 to 10% a day is literally all you need to really like get really, really rich. So for me, if I had $1,000 to play with, I would go in with $500 in the first, right? 2.2 and $500 at 2.15-ish. And my stop is going to be at about 2.038. This is going to be your bonus. As for your TP levels, honestly, um, all these white lines that you see at the side is going to be TP levels. 2.375, 2.5, 2.6, 2.7, 2.8, 3.09, 3.2, 3.3. Yeah, all these are going to be TPs, and the way that you're going to want to utilize them is as the price is going up, right, you're going to take 25% at each level, maybe leave the rest as a moon bag. Have a plan, right? Have a plan before you go into the trade, because if you don't plan— like, there's that saying, right? Because if you fail to plan, you plan to fail. So don't be greedy with your profits, right? If it hits your target, just take it, take it and run. So For Bitcoin, in the event, right, assuming that you foresaw this level already, then what I would do is I'm definitely gonna take some profit at $51,500, $52K, like $53K-ish. And then the rest, I would actually just leave it be for a moon bag, like for a moonshot up till about, I don't know, $59K. But if you really wanted to take some in the middle, I would do it at about $55,800-ish. And that is how you're gonna wanna use BTC TP levels, right? All these white lines are going to be TPs. And as for ETH, right, just as a bonus— I'm sure many of, like, many people have already tuned off at this point already, and well, this is, this is the bonus you get. And you know, you always know that I like to reward people that stay until the end. So if you were to get ETH at this level, then these are going to be your TPs at about 37, like, $3,700, $3,800, $3,967, $4,140, $43.64, and the rest is going to be, you know, all-time highs. You can just leave it as a moon bag. But at the moment, I really want to know who have, you know, who has watched until this point, and I'm gonna interact with you in the comment section. So if you're still here, I want you to comment down in the comment section 1%, because trust me when I say not a lot of people are going to be willing to stay until the end of these kinds of videos, educational videos, right? People would rather be watching some TikToks or whatever than watching something like this. And for those of you who stayed until this point, man, let me just tell you, you are You know, you're doing well, right? Keep this up and it's not like success is not a matter of if, but just a matter of when. So comment down in the comment section 1% so I know who are the real ones who have gained the most out of this video. But for now, if you're interested in the Discord group, make sure you head to the link in the description. I'm gonna see you inside the Discord group. But for now, may the gains be with you and peace.