Bitcoin surged 6% after holding the $75,500 technical level Gareth Soloway called in his previous video, and in this update he breaks down what has to happen next for the bear market low to be confirmed. Gareth walks through the bull flag structure on Bitcoin, why the two-day pierce of $75,500 never invalidated the level, and the single price that would flip the chart from a bear market rally to an established bottom. Video by Gareth Soloway.
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Gareth explains why the surge looks heavily driven by short covering after the Clarity Act procedural vote failed, and shows how the trend line anchored off the all-time high produced the breakout, the flagpole, and the consolidation that followed. He walks through the sequence of highs and lows in plain terms, showing exactly which prior high has to break for the structure to change, and uses his marathon runner analogy to explain why a pause after a vertical move is healthy rather than weak.
From there Gareth covers Ethereum holding the same bull flag structure, a Hyperliquid short setup off parallel resistance, and a possible topping tail on Zcash that could signal money rotating out of the extended alt coins and back into Bitcoin and Ethereum. On the macro side he covers the Kevin Warsh rate decision and the overnight reframe that followed it, the Bank of Japan hike that sent U.S. yields back up, the S&P 500 bull flag, his ongoing crude oil short, and why gold and silver are stuck in purgatory heading into year end.
Probability over emotion, being the casino instead of the gambler, and why following the charts beat chasing fear and greed.
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