Up next in 10
Bitcoin BREAKING OUT Targeting ALL-TIME HIGHS + ETH, SOL, XRP, SUI Technical Analysis (PODCAST)
497 views
May 14, 2025
Bitcoin BREAKING OUT Targeting ALL-TIME HIGHS + ETH, SOL, XRP, SUI Technical Analysis (crypto podcast) You can use a description like this, incorporating details from the summary: Welcome back to the crypto market update! In this video, we dive into the latest technical analysis for Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Sui (SUI). We cover: • Bitcoin's recovery phase towards all-time highs after confirming a breakout above important Fibonacci resistance levels. • Insights from the 4-day Super Trend flipping green and the weekly MACD nearing a bullish crossover. • Analysis of the major breakout on the 3-day chart above the 96,000 to 98,000 resistance area. • The current status of the daily chart breakout above the golden pocket and 78.6% Fibonacci level. • A look at the active bullish divergence on the daily chart and the implications of the daily RSI being in overbought territory for the short term. • Details on a personal Bitcoin long position strategy, including moving stop losses, taking small profits, and the significance of neutral funding rates. • Technical analysis for Ethereum, including its bounce from support and resistance levels at 2.3K to 2.4K and 2.7K to 2.8K (golden pocket).
View Video Transcript
0:00
welcome Today we're doing a deep dive
0:02
into some recent crypto market analysis
0:05
Yeah we've got quite a bit to unpack
0:06
We're looking at Bitcoin Ethereum Salana
0:10
XRP and Sooie And we're drawing from uh
0:14
technical charts and even a specific
0:17
trader strategy right and the goal here
0:19
is really to sort of filter out the key
0:21
insights figure out what might be next
0:24
for these big players So if you're
0:26
trying to make sense of the market's
0:27
recent activity maybe without getting
0:29
lost in all the charting details
0:30
yourself well this should help Exactly
0:33
We'll break down what seems important
0:34
and why using things like you know
0:36
Fibonacci levels super trend MCD RSI
0:40
Yeah usual tools to get a handle on the
0:42
trend Okay sounds good Let's uh let's
0:44
start with Bitcoin then It looks like
0:46
it's recovering maybe aiming for those
0:47
all-time highs again It certainly looks
0:49
that way And there are some well some
0:51
pretty positive signals across different
0:53
time frames Okay like what well start in
0:56
bigger picture the 4day chart the super
0:58
trend indicator It's actually flipped
1:00
green Oh okay Which often suggests you
1:02
know the start or continuation of a
1:05
larger bullish trend So that's a fairly
1:08
strong uh medium-term signal Then that
1:10
green super trend that's the implication
1:12
Yes Then if you look at the weekly chart
1:14
things get a bit more nuanced There's
1:16
still technically a bearish divergence
1:18
pattern there Okay A bit of a warning
1:21
sign It could be but and this is
1:24
important if the weekly candle closes
1:25
above say around 105,000 that divergence
1:30
might get invalidated or at least become
1:32
less of a concern right plus the weekly
1:35
MCD which tracks momentum it's getting
1:38
really close to a bullish crossover and
1:40
historically that means historically
1:42
those crossovers have often come before
1:44
some pretty significant bullish price
1:46
action So this is definitely something
1:47
to watch Okay so longer term maybe a
1:50
mixed signal with that divergence but
1:51
the momentum indicator is looking
1:53
positive What about like the more
1:54
immediate time frame well moving into
1:56
the 3-day chart we've seen a pretty
1:59
major breakout Bitcoin pushed above that
2:01
key resistance area you know between
2:03
roughly 96,000 and 98,000 right that
2:06
zone we were watching Exactly And while
2:08
you know technically you always want a
2:10
bit more confirmation it's looking very
2:12
likely that this old resistance level
2:14
will now act as new support if we see
2:16
any kind of pullback Okay classic
2:18
resistance flips support That's
2:19
generally bullish isn't it it is It
2:21
shows strength And then the daily chart
2:23
really kind of hammers this home How so
2:26
well Bitcoin didn't just break that
2:29
9698K zone which some call the golden
2:32
pocket It also pushed above the 78.6%
2:35
Fibonacci level That's around 102,000
2:38
Okay And what's interesting now is when
2:40
you look at the chart there doesn't seem
2:42
to be a ton of resistance between the
2:43
current price and the all-time highs
2:45
which are up around uh 109K 110K Really
2:49
not much in the way Well maybe some
2:51
minor potential resistance around 104K
2:53
to 106K but overall the path looks clear
2:56
New all-time highs seem well likely And
2:58
didn't we see a bullish divergence on
3:00
the daily chart recently did that play
3:01
out absolutely That bullish divergence
3:03
we talked about that's what really
3:04
helped kickstart this latest push higher
3:07
from the uh 8182K area It signaled
3:09
underlying strength even when price
3:11
momentum was slowing Got it So that
3:14
signal worked out But is there anything
3:16
telling us to be cautious right now
3:19
there is one thing Yes The daily RSI the
3:22
relative strength index it's currently
3:24
in what we call overbought territory Ah
3:27
does that mean a crash is coming not
3:30
necessarily No It's not usually a crash
3:32
signal on its own What it typically
3:34
suggests is that the price might need to
3:37
sort of catch its breath Okay Like a
3:39
pause Exactly We could see some sideways
3:42
trading maybe a slight pullback just to
3:44
let that RSI cool down a bit before
3:46
potentially heading higher again It's
3:48
more of a short-term heads up not a
3:49
major trend reversal alarm Okay that
3:51
makes sense A temporary breather maybe
3:54
Let's uh shift slightly Part of our
3:56
source material was a specific trader
3:58
strategy for Bitcoin And what can we
4:00
learn from that yeah this is quite
4:01
insightful This trader went long opened
4:04
a buy position near 88,000 Okay And
4:06
their approach is pretty active They're
4:08
moving their stop loss up as the price
4:10
goes up Basically locking in profit
4:12
Smart protecting the downside Exactly
4:14
And they're also taking small amounts of
4:16
profit off the table at key resistance
4:18
levels or like we just discussed when
4:20
they see signals like that overbought
4:22
daily RSI So kind of scaling out
4:25
securing gains but still staying in the
4:27
trade for more potential upside
4:29
Precisely It's a way to manage risk and
4:31
reward in a volatile market I mean that
4:33
according to the source they've already
4:35
banked about uh $2,800 in USDT profit
4:39
USDT that's the Tether stable coin
4:41
That's right Pegg to the dollar And they
4:43
still have an unrealized or paper profit
4:45
of over $9,000 USDT The plan seems to be
4:50
to hold keep moving that stop loss maybe
4:53
take more profit higher up Okay so
4:55
that's a practical example of managing a
4:56
trade in this environment Now there was
4:58
also a broader market point made about
5:00
funding rates Why is that significant
5:02
yes this is actually really crucial I
5:04
think Despite this big price pump we've
5:06
seen in Bitcoin and other cryptos the
5:07
funding rates have stayed well pretty
5:09
much neutral Okay funding rates Remind
5:12
us why neutral rates matter during a
5:13
pump like this Sure So normally when
5:16
prices shoot up fast you get a lot of
5:18
traders jumping in with leverage
5:20
borrowing money to make bigger bets Yeah
5:23
The derivatives market Exactly And that
5:25
usually pushes funding rates high longs
5:27
have to pay shorts But when funding
5:29
rates stay neutral like now it suggests
5:32
this rally isn't mainly fueled by that
5:34
kind of leveraged speculation Ah so it's
5:37
more driven by people actually buying
5:40
Bitcoin on the spot market like real
5:42
buying That seems to be the case It
5:45
points towards you know genuine demand
5:47
for the underlying asset not just
5:48
betting on the price with borrowed funds
5:50
And that's healthier more sustainable
5:52
Generally yes It makes a sudden shark
5:54
crash less likely because you don't have
5:56
this huge buildup of leverage positions
5:58
that could get wiped out causing a
6:00
cascade It suggests the move might have
6:02
sort of stronger foundations That's a
6:04
really key observation Suggests this
6:06
rally could have legs Yeah Okay let's
6:09
move on to some altcoins then How about
6:10
Ethereum what's the picture there well
6:12
Ethereum had a nice bounce It came off a
6:14
pretty significant support area down
6:16
between roughly 1,400 and 400 and 550
6:19
Okay strong floor there seems so But now
6:22
it's running into major resistance right
6:24
around 2,300 to 2400 And this zone used
6:27
to be support Ah the slip we talked
6:30
about earlier old support now resistance
6:32
That's the main hurdle for ETH That's
6:34
the big one right now Yeah Looking at
6:36
the weekly chart the bigger picture
6:37
structure for Ethereum is still
6:39
technically kind of bearish You know
6:42
lower highs lower lows over the longer
6:43
term right but if you zoom into the
6:45
daily chart it's clearly bullish in the
6:47
shorter term Higher lows higher highs It
6:50
broke above the 38.2% fib level around
6:52
2.1K Okay and now it's bumping its head
6:55
right against that 50% retracement level
6:57
just under 2.4K The next big resistance
7:00
after that the golden pocket is higher
7:02
up maybe 2.7K to 2.8K So similar to
7:05
Bitcoin in a way longer term maybe some
7:07
questions but the daily trend is up
7:09
facing immediate resistance pretty much
7:11
You'd expect Ethereum to largely follow
7:13
Bitcoin's lead here If Bitcoin keeps
7:15
pushing Ethereum has a better shot at
7:17
breaking that 2.4K resistance Makes
7:19
sense Okay what about Salana so has had
7:22
quite a bit of attention Salana is
7:24
interesting On the 3-day chart that
7:26
bullish divergence we saw forming is
7:28
still kind of playing out suggesting
7:30
more upside potential right and on the
7:32
daily it bounced nicely from around the
7:34
146 147 level which lines up with the
7:36
fib level Now it's trying to break out
7:38
above another key area the 50%
7:40
retracement around 167 168 And if it
7:43
clears that 168 level what's next well a
7:46
confirmed close above there ideally
7:48
holding it as support would likely
7:50
target about 179 next Then the really
7:53
critical resistance the golden pocket
7:54
for so is up between 191 and 200 So
7:58
quite a bit of room potentially but
8:00
hurdles to clear Daily trend looks
8:02
bullish though Daily trend is definitely
8:04
bullish Yeah And like ETH you'd expect
8:06
Salana to generally correlate with
8:08
Bitcoin's moves Okay Let's talk XRP
8:11
always a lot of discussion around that
8:12
one What are the charts saying yeah XRP
8:15
is at a well a potentially pivotal point
8:17
There's been a multi-month bearish
8:19
divergence on the 3-day chart Okay A
8:21
longer term negative signal right but it
8:23
looks like XRP might be about to
8:24
invalidate it The RSI is trending up It
8:26
broke a descending resistance line So
8:28
signs of strength coming in potentially
8:31
We'd really need to see the 3-day RSI
8:33
make a clear higher high to confirm that
8:35
the bearish divergence is truly off the
8:37
table but it's leaning that way
8:39
Interesting What about the daily chart
8:41
for XRP the daily shows it facing really
8:43
really important resistance right now
8:45
It's a descending line part of a
8:46
parallel channel and it's sitting around
8:49
uh let's see uh 244 to 2445 Okay a very
8:53
specific level very specific and very
8:55
significant If XRP can get a daily close
8:59
above that line and especially if it
9:01
then holds it as support on a retest
9:04
that would be a strong confirmation of a
9:06
bullish breakout a potential trend
9:07
reversal Wow Okay So that 24.5cent area
9:11
is critical for XRP bulls What if it
9:14
fails there where's support initial
9:15
support would probably be around 23
9:17
cents Below that the more significant
9:19
zones are down near 2 cents and maybe at
9:21
0.205 Got it key levels to watch for XRP
9:24
Lastly let's look at Sooie Newer project
9:26
but seems to be making waves Yeah SUIE's
9:28
weekly chart is uh quite clearly bullish
9:30
in the grand scheme of things It's been
9:32
in a multi-year bull market pattern
9:33
Higher lows higher highs Okay it seems
9:35
to be in a recovery stage now sort of
9:37
coiling for the next move up The weekly
9:40
RSI is recovering and the weekly MACD is
9:43
approaching a bullish crossover similar
9:45
to Bitcoin's weekly MACD signal Exactly
9:48
often signals a correction is ending and
9:51
a new recovery or upward leg is starting
9:54
Given its correlation to Bitcoin if
9:55
Bitcoin keeps going new all-time highs
9:58
for Sousie above its previous peak
10:00
around
10:01
$5.30 look well quite likely That's a
10:04
significant potential upside compared to
10:06
Bitcoin reaching its AC The percentage
10:08
gain for Suie would be much larger right
10:10
oh yeah Much larger We're talking maybe
10:12
uh 38 40% potential gain just to reach
10:15
the old highs for Sueie versus maybe six
10:17
seven% for Bitcoin But of course that
10:19
comes with higher risk higher volatility
10:21
Fair point Now does the daily chart for
10:22
Siri match that bullish weekly outlook
10:25
this is where it gets interesting again
10:26
The daily chart is actually flashing a
10:28
potential short-term warning sign a
10:30
possible bearish divergence Oh how so
10:33
well the price has been making higher
10:35
highs recently but the daily RSI looks
10:37
like it might be making lower highs
10:39
especially if we see a confirming red
10:41
daily candle close soon Okay so similar
10:44
to Bitcoin's overbought RSI but maybe a
10:47
bit more of a specific divergence
10:49
pattern here on Sooie's daily suggesting
10:52
a near-term slowdown Precisely If that
10:54
divergence confirms it suggests a cool
10:57
off is likely in the short term Maybe
10:59
some sideways chop maybe a slight
11:01
pullback but probably within the context
11:03
of that larger recovery And where would
11:05
support be if Sooie does pull back the
11:07
key support area to watch seems to be
11:09
around $345 to
11:12
$3.60 That zone was previously
11:14
resistance the golden pocket actually
11:16
Okay And resistance on the upside
11:19
Immediate resistance is around $410 to
11:21
$420 If Sousie can break decisively
11:24
above $4.20 then that move toward the
11:26
all-time high near $5.30 30 cents
11:28
becomes uh much more probable All right
11:31
let's try and wrap this up then Key
11:32
takeaways seem to be Bitcoin's looking
11:34
strong heading towards all-time highs
11:35
but maybe needs that short-term breather
11:37
first due to the RSI Yep that's the main
11:39
picture Altcoins like Ethereum and
11:41
Salana are generally following suit
11:43
showing bullish daily trends but facing
11:45
their own resistance levels XRP is at a
11:48
really critical maker or break point
11:49
around 24.5 cents for a potential
11:51
reversal Right a key inflection point
11:53
there And Suie while looking good
11:55
long-term on the weekly has that
11:58
short-term bearish divergence on the
12:00
daily suggesting a possible pause or
12:02
pullback before potentially continuing
12:04
its climb that summarizes it well So
12:07
hopefully you now have a clearer sense
12:09
of the current market pulse and what
12:12
these technicals are suggesting for
12:14
these major coins drawing from both
12:16
chart analysis and that trader's
12:17
perspective Definitely helpful And maybe
12:19
a final thought to leave everyone with
12:22
given those neutral funding rates we
12:24
discussed the fact that this Bitcoin
12:26
surge seems driven more by spot buying
12:28
than leverage does that signal something
12:31
deeper a fundamental shift maybe in
12:33
market participation and what could that
12:35
mean for volatility and you know
12:37
sustained growth down the road that's a
12:39
great question It certainly suggests a
12:41
different dynamic than some previous
12:42
rallies Definitely something worth
12:43
mulling over Indeed Well thanks for
12:45
joining us for this deep dive
#Currencies & Foreign Exchange