In this video, I cover where I think the markets go next, including Bitcoin, ETH and Solana.
And how the IBIT has become similar to the !CME in terms of how price tends to fill any gaps.
Nobody else is talking about this, but see for yourself and start tracking the IBIT gaps on a 4 Hour chart -- You'll be amazed.
I also share potential paths, likely a dip first, then push higher toward ATH.
And a new study I've been refining based on liquidity and timing cycles, showing we're very close to a major move upward in Bitcoin and the rest of the market.
Howerver, I feel the biggest bang for your $ will be BTC, SOL, and ETH from here.
Let me know what you think, and please like the video.
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First, I'm not 100% on this playing out -- But it is noteworthy the IBIT gaps have continued to fill and now we're heading lower in lock-step with US equities and the sell-off in NVDA, despite exceeding earnings estimates.
Here's how I would trade this...
1. Sit out this holiday weekend as we tend to see bit sell-offs during low volume periods and on past US holidays... and when people are 'least likely' to be watching.
2. I have an alert set on the IBIT at < $32.50 which would fill that gap on the 4HR and that's unlikely until next week (Tuesday after our US Labor Day weekend) when markets re-open. The IBIT is now in a downward trending parallel channel.
3. If we fill the gap, and it looks like price is holding, I may buy BTC / SOL.
4. However, I can also see us re-testing the recent correction low around $29 which would be a 12% drop from here. And that correlates roughly to a 50k-52K BTC where we are seeing using our M3 Buy Order Blocks Indicator. That's where I'll be buying.
5. I'm setting limit buy orders on SOL at $115, $120, $125 and $130 which I also did back on Aug 4th, which were filled and bounced nicely into profit. SOL has been defending the $128 price level since it flipped from resistance to support back on March 6, 2024.
6. Other than than, I'm also watching the weekly candles on the Total Market Cap and Bitcoin which were showing Bearish Engulfing candles earlier today during the AM session on BTC and still on Total Market Cap and Total2 and Total 3, which does not bode well for the markets if we close at or below current levels as of Sunday's market candle close (weeily candle).
7. Total Market Cap and Total 3 are as of now, still holding the 50 week EMA and Total1 is trying to hold above the 2T mark, an important line in the sand.
It's anyone's guess until we have more data.
ノート
The final remaining open IBIT gap filled today and appears to be heading to sub $30 and into the Buy Block zone as per the order books between $29.20 and $29.80.
So looks like I'm onto something with these 4 Hour IBIT gaps.
I had placed corresponding buy limit orders on Bitcoin at 54K, 52K, and 50k and do believe we'll bounce out of this drop, as we're oversold on all of our custom signals.
I'm also buying SOL w/limit orders at $125, $120, $115, and $110 to catch this bounce.