Bitcoin is down for the third day in a row, and Gareth Soloway breaks down whether the bear market is taking control again or this is just a healthy pullback inside a bigger bullish structure. Gareth walks through the crypto complex chart by chart, then turns to his active oil short and a quick read on gold and silver. Video by Gareth Soloway.
On Bitcoin, Gareth maps the cup-and-handle pattern, the 67,000 dollar resistance pivot, and the short-term parallel channel he wants to see hold near 63,500. He explains why the bigger pattern still points higher near term, with a target in the 71,000 to 72,000 zone, even as he stays a mid-term bear looking for an eventual collapse. Gareth shows how a swing trader plays longs in the short term and the macro pattern separately.
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Time stamps
0:00 Intro: Bitcoin Down Three Days
0:50 Bitcoin Cup And Handle And 67K Resistance
2:00 Bitcoin Parallel Channel And 72K Target
3:20 Bitcoin Swing Trade Vs Macro Bear
4:00 Ethereum Inverse Head And Shoulders
5:00 Solana Pullback To 70 Dollars
5:45 XRP Breakout Digestion
6:20 Why Emotion Wrecks Traders
7:15 Oil Short Update
8:20 Rumble Wallet
9:30 Gold And Silver Range Read
Gareth Soloway is Chief Market Strategist at Verified Investing with roughly 30 years of trading experience.
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