We got to show you on these charts and guys, they might be pretty exciting.

I know we've been pretty bearish in the last.

A few updates Now there's so much to consider in the overall global economy.

But guys looking on Bitcoins chart this would be the absolute perfect time to receive a bounce going into the next 24 hours.

We want to show you on these charts.

Why so many things line up on why the possibilities could really be showing this for one.

We have Big Queen bouncing off of this legacy structural trend line here Absolutely key.

We also have this gap being filled Finally.

Okay, guys really have to get into detail and talk about this.

You have been talking about this for weeks and now this is filled as well.

Absolutely huge.

Not to mention we have this potential in verse in head and shoulders also being fulfilled. 00:00:58.910 --> 00:01:0.880 Now, this is actually a real pattern. 00:01:0.940 --> 00:01:7.100 We have a lot to talk about in regard to that, because the implications of that could be huge and as well. 00:01:7.100 --> 00:01:12.190 On the big Quinn weekly chart, it looks as though a very significant hammer candles been formed here.

And we're currently resting right on the 0.786 So with all of that in mind, we have to get into detail and say, Well, over the next day or two, we could actually be seeing a huge turnaround in the price guys.

Even if the price of Bitcoin it does continue to decline over the next few weeks, we should be receiving a bounce period.

Okay, So again, we're gonna get into detail with that and show you why That just might be the case.

So, guys, grab your juice.

Grab your snack.

Because guess what?

Tyler is back.

Wow.

Wow!

What is going on?

My tiny men and women welcome back another and throwing episode A big coin.

Today we have so much to really get into detail and cover in regards of this guy's You know, I've been pretty bearish over the last few days, and so far that's actually been correct.

We've been seeing a pullback. 00:01:57.560 --> 00:02:1.510 Now, guys, you already know when there's pumps, there's dumps, and when there's dumps, there's pumps. 00:02:1.510 --> 00:02:3.840 So is this now the perfect time? 00:02:4.150 --> 00:02:4.480 You know what? 00:02:4.480 --> 00:02:9.600 The next 24 hours, probably in tomorrow's daily candle, is the perfect time to receive a pump. 00:02:9.860 --> 00:02:13.710 If we get a pump here, will that mean that the price actually forms into a very bullish pattern?

Or could we as well get a pump and then continue a downtrend?

That's what we really want to analyze and look into in today's update.

So everyone, thanks so much for joining me here Before we get into the technical analysis, make sure to drop a comment to be entered for this letter, and I do believe they, like, subscribe and turn on the dings and you'll be entered.

Guys, we're gonna be giving this bad boy way, actually, very soon, maybe in tomorrow's update or at the end of the week, but definitely very soon.

Leave a comment below and let me know what you think and guys, make sure you shoot me to follow over on Twitter tweeting all day today.

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Wouldn't want you to miss these updates.

We have a lot of fun over there.

So, guys, let's actually start out here on the weekly chart.

This is actually very important.

So if we take the Fibonacci and we we've talked about this is the Fibonacci have been using on the weekly chart for a few weeks now. 00:02:57.470 --> 00:03:3.340 We cut off these wicks here in here, and we just measured by the bodies because we're actually finding support right now. 00:03:3.340 --> 00:03:6.880 Right on the 786 We found a lot of resistance right in that golden pocket. 00:03:6.880 --> 00:03:11.610 The 7860.618 and the 0.65 now you saw is get pushed down there.

But currently, we're finding some support actually here.

Okay?

We've actually just been falling down and down through supports.

So is this finally maybe a significant area?

But honestly, if this is significant, I don't think we would spend a lot of time here.

I think we would, really I need to push back up to at least the 21 week moving average over the next day or so to remain to keep any sort of bullishness right now.

Okay.

We really would want to get back up here to that $8500 level, maybe trading here for a few days.

But this is key.

Okay, so you see, this year, maybe we really are finding some support right at the 786 right here.

You guys absolutely crucial to look at that.

Now the second thing.

Guys, this is absolutely huge.

We've been talking about getting a pull back to this as one of our lowest targets for weeks.

And we've actually come down here.

You can actually see. 00:03:56.510 --> 00:04:0.030 We came right down to the 77 right here in Bounced. 00:04:0.040 --> 00:04:1.590 Now currently, will that bounce continue? 00:04:1.590 --> 00:04:3.600 Will this current read daily candle? 00:04:3.600 --> 00:04:4.450 It just opened up? 00:04:4.630 --> 00:04:6.650 End up being a pretty nice green candle. 00:04:6.740 --> 00:04:8.330 We really want to take a look at that. 00:04:8.490 --> 00:04:14.050 Now, guys, the last time that we actually touched and came down to this legacy trendline, we actually did something very similar.

We didn't actually come all the way down to it, but we came very close to it, right?

About about that 65 back in December of 2019 and you saw what happened.

Guys.

Okay, we came down here, and then we had a massive bounce above that.

Now, are we in store for another bounce like that now?

But if we do, I want to see any sort of reinforcement over the next few days.

We would need to get a bounce soon.

Okay.

As you can see on this chart, just taking a quick glance of this chart.

What is one thing that is glaringly obvious?

Okay, whenever we have giant red candles, we do have even in a situation like this, some sort of necessary relief rally, even as this pattern was continuing down ultimately formed a very bullish pattern.

We did have some green immediately.

Okay.

After that pump after that dump.

Same thing here.

Dump immediate pump.

Okay, guys. 00:04:58.710 --> 00:05:9.220 So we definitely want to look out for that because we've just been getting battered and beaten for the last three days straight, going from 9200 down to $7600 range, right? 00:05:9.220 --> 00:05:10.820 That's $7700.

Okay, Almost $2000.

Now we do have to take into account.

This is the only reason why I've been a little bit more bearish lately is because of traditional stocks.

Okay, again, I think they'll decouple over time.

But without this, if the stock market was basically doing this over the past few days, guys, no doubt in my mind would be about 10 K right now.

Absolutely not.

But that does not mean doom and gloom right now, because again, for reasons we're gonna go into as we continue this episode, this is not a bad sign.

It all we've really sold off so much we could take a look.

It really looks like we could potentially be setting up for some sort of relief rally right now, even if it's not long lasting.

But again, that's 85 86 would be the lowest that we would have to bounce here and remain bullish.

Okay, so if we did get a bounce, at the very least, we would have to touch on the 85 or $8600 level. 00:05:55.310 --> 00:06:4.750 And as well we have finally, as of today, come down to actually touch what could be this inverse head and shoulders that we've been talking about for weeks. 00:06:4.750 --> 00:06:5.240 Look at this. 00:06:5.400 --> 00:06:5.810 Okay? 00:06:5.820 --> 00:06:7.350 You guys can see it here in the purple. 00:06:7.530 --> 00:06:8.440 Now, this is absolutely key. 00:06:8.440 --> 00:06:12.700 I pretty much say this in this cup and handle is not something we really wanna watch anymore.

As it's been absolutely falling as the last few days, It looks like this was very much so potentially gonna be the case.

There you see it absolutely break down from that bear flag, that bear flag you can see here.

But we'll get more detail on that because, you know, we could see this inverse head and shoulder playing out since the very beginning of September of 2019.

So, you know, 567 months in the making.

This pattern has really been forming.

So now if we're going to see anything out of that, we should see about soon, even if it is temporary, and then climb up along this and we get ultimately and every testing this guys.

But it's so heavily dependent on so many things right now.

But for right now, we're seeing a bounce at a very important level that we just talked about in those other charts.

But then again, is well here.

Okay, So potentially a very bullish pattern being formed on this time frame. 00:06:57.110 --> 00:07:2.650 And on this chart here, even though it looks very bearish, we could see this very bullish pattern being formed out of it. 00:07:3.010 --> 00:07:6.650 And is what guys so important to know we have filled this gap down at the 77. 00:07:6.780 --> 00:07:9.520 You can see we've actually filled it this time. 00:07:9.530 --> 00:07:12.340 You can see this year we completely filled the entire thing.

This gap no longer exists.

So it should be very interesting to see if we have the momentum to push up over the next few days.

Going in to the middle of this month.

And guys, you know, as you can see here, we talked about this on Bitch.

Rexes, chart this very odd anomaly here, this very long wick.

A CZ we talked about in yesterday's video.

This was not the end of it.

We ended up coming down, you know, about 500 more dollars.

Currently, we're getting a little bit about so.

But again, the key question on everyone's minds will tomorrow bring it.

Bounce will tomorrow or even the next day.

We could give it maybe 48 hours.

But will we see a nice relief rally?

Even is the stock markets were getting hammered last week.

There were some green days.

Okay, basically the middle of the week.

And we had a horrible, horrible day today.

If we do get maybe even a temporary another balance in that market, maybe even not we might not even have to factor them. 00:07:57.630 --> 00:08:1.310 But again, we do need to see a bounce with Bitcoin here to remain relatively healthy. 00:08:1.430 --> 00:08:3.380 Now, I find this rather interesting as well. 00:08:3.640 --> 00:08:6.280 People are calling this pennant here, this triangle. 00:08:6.340 --> 00:08:11.250 And if this is, in fact, a triangle here, then we've basically just touched on the bottom of it for the third time.

All right.

The first time was back in December of 2018 as we're setting this $7000 lows and then again back in the end of 2019.

So literally a year later, December 2018 December 2019.

And now again here.

You know, in the beginning of March, 2020.

So, um, if this pattern is to remain true at all, we definitely need to see a bounce here somewhat soon because we're already at the bottom of this.

Okay, guys, Now, this may be the next time we come up to here and again.

This was playing perfectly with the inverse head and shoulders.

That could be absolute blast off soon.

But we really need to wait and see.

I have no doubt in my mind that if the regular economy was just normal right now, we would 100% be leaning towards.

That is a major blast off.

But, you know, we definitely have to wait and see for that.

I've got something I find really interesting is what with having coming up so close to now.

Okay, this right here, that having which I actually think is a little bit sooner than this right now, it actually has been adjusted. 00:08:59.890 --> 00:09:1.140 It's gonna be a little bit sooner. 00:09:1.170 --> 00:09:9.190 It's only a little longer than a month away, I believe, because of how strong of a downturn we've had going into this, Will there be an equal and opposite reaction to the upside? 00:09:9.190 --> 00:09:18.580 Going into this, having like we've seen in the past, Okay, again, all of this still is relatively normal going into the having, but again, going into and then shortly after the having, as we always do, see pump.

So that's very important to keep an eye on.

So, guys let me know what you think?

Really excited to see what goes on with that as well Again.

Thanks everyone.

So much for buying the chorus.

Guys.

Another update.

Huge update coming soon.

Been hearing great things about it.

And I would love to hear from you as well, if you have purchased it, remember, once you buy it once you have it for life and we're gonna continuously update on this bad boy and again for a limited time.

Still, we're still doing 50% off with code goo Gert.

So, guys, thanks so much for watching.

And I'll see you in the next one.