Today for the Bitcoin price and yes guys a very very big emergency for Bitcoin is looming right now. Dear ladies and gentlemen today I'm coming to you on Monday and I can tell you one thing big things very big things are coming Bitcoin. This video is made for you if you're holding any Bitcoin, any cryptocurrency. Watch this video until the very end. I want to keep it as short as possible.
And if you like these very short videos on the sidelines, very easy. Give me feedback. Go down below, press the like button if you want more of these short videos where I'm in a condensed manner telling you as quickly as possible what I think is going to happen to Bitcoin. what I think will happen to Bitcoin within the next few days.
Yes, I will talk about my 17 million US dollar Bitcoin trade. I will show it to you live in that video and tell you what imminent action I want to be taking on it. But first of all, let's talk about Bitcoin. Let's talk about Bitcoin on the daily candle here, where we are still in this downward sloping channel. Only thing before I'm starting, dear ladies and gentlemen, smash up the like button.
Come on. we have 15 like to view ratio if you're watching this if you ever got any value out of these videos give it a small smash let's talk about bitcoin right now and well you remember that on the daily canvas we were breaking out of this seven month downward sloping channel bitcoin breaking lower confirming the previous resistance which was then turning into support and getting this very strong bounce towards the upside now the most important question of course is let me quickly go here to the weekly candles is this also the beginning of the break of this huge ginormous three-year cup and handle pattern for Bitcoin with an insane price target all the way up at 125,000 US dollars. Well, to answer this question, we have as always to go a little bit more deeper into the space here, into the four-hourly candles and actually see what the chart is providing for us in terms of answers.
Before I'm doing so, let me quickly enlighten you here what I'm doing on my Bitcoin trade. You can see here right now the Bitcoin trade, the Ethereum trade, all together actually, we are talking about... more than 9 million US dollars in profits on both of these trades.
Think about that. I already took 2 million US dollars in profits, which I had to basically pay the funding fees, to be honest. Pretty crazy.
But still, overall, 11 million US dollars in realized and unrealized profits without taking the funding fees into consideration. I think this is... The biggest trade which has ever been on crypto YouTube and you've been here from day one.
I truly appreciate that and I will keep you updated about everything I'm doing on that trade, whether I'm taking profits, whether I'm increasing, whether I'm opening a new trade. Well, first of all, on the four-hourly canvas, you can see we need to break above 69,600 US dollars to confirm the break of this downward sloping channel. Bitcoin already. Broke the neckline from this W pattern somewhere around about 68,400 US dollars. This break basically could be, but we need the follow through, we need the confirmation, the beginning of a move all the way up to 17,000, 17,400.
We did not get the confirmation yet. And we did not get the confirmation yet of the downward sloping channel, which we will get the moment Bitcoin breaks 69,000. What did I say 600 US dollars with a daily candle close and significant volume support if that happens we are on track breaking the cup and handle pattern confirming the potential price target of 125 000 US dollars within the next few weeks maximum next few months.
Let me know what you think about that smash up the like button to a new automatic if you want to know. what my next updates are trading wise when i will open my next trade easy go down below press subscribe press the bell and press on all to make sure that you are deciding when you are getting notified about these videos that not youtube is deciding that we are going to see the rest of the next one of our crypto as always guys as always bye bye