Where is Bitcoin going and how to spot it?
Follow the chart and it will reward you.
It’s easy to be full of emotions when you watch the price go up and down. Most of the time, that’s exactly the point. Market makers want that liquidity and the best way to get it is to turn you emotional.
You buy the top and sell the bottom. That’s instant liquidity for your counterparts.
To avoid being manipulated, you need to base your decisions on an objective reality. That’s represented by the price chart, not emotions.
In what follows, I’ll show you three charts with pure alpha on Bitcoin and where it is going. This is free knowledge that will help you be a better trader and investor.
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Where is Bitcoin going and how to spot it?
The Macro View of Bitcoin
Whenever you are in doubt, zoom out. Emotions are usually triggered by low timeframe price action. This is why, when you feel like you’re about to FOMO or sell the bottom, try to zoom out first to calm down.
Below I show you the monthly timeframe of Bitcoin since 2019.
The price is clearly in an uptrend, but has created a huge bearish wedge. For now, the price held well at the key support around 60k and appears to be bouncing here. This is good news since it could imply a relief rally may be at hand.
However, it is too early to call for a rally because the price needs to break that resistance at 75k and turn it into support. Until then, tame your excitement and don’t get trapped into a possible fake breakout. It will likely be short lived and a trap set by market makers to open new shorts before they send BTC into lower lows.
That’s because if the price falls below this wedge later on (below 60k), this will get very ugly, very fast. I lean bearish long term since I don’t think this bear market ends at 60k. We will likely see new lows later and I’ll explain why using the next two charts. If so, the key area of interest will be between 50k and 30k.
Nevertheless, if bulls show up in numbers in the future, this bearish wedge has plenty of room to allow for a rally or even new record highs at 140k or 150k, depending where the price breaks from the apex.
Keep both these scenarios in your mind. Your ultimate goal should be to buy as much Bitcoin as possible. Don’t aim to trade it as the risk of losing it is not worth it long term.
Bullish and Bearish Sweeps
Price action needs no indicators. If you know how to read a price and chart, you’re already ahead of most traders and investors. This comes with time and the below will help you with that.
In a bullish market, whales or market makers will push the price down to liquidate or trigger stop losses before they reverse the price action towards new highs. We call these bullish sweeps (or long sweeps since longs are meant to be liquidated).
In a bearish market, like today, market makers will push the price up to liquidate shorts before they nuke the price lower. This is reflected on the chart as a bearish sweep (or short sweep). See the red and green dots for more examples on Bitcoin below.
The idea is simple, before market makers expose their true intentions for the price, they aim to access the deep liquidity offered by areas on the chart where most people place stop losses or where liquidations are clustered.
Therefore, before Bitcoin can go higher, the aim of market makers is to access that liquidity where most longs will be liquidated. To do that, they need to push the price into a lower low first. Unfortunately, the Bitcoin chart does not show such a patter today. There are no long sweeps, only short sweeps.
In a bear market, the price will make a higher high to trigger shorts liquidations. That’s a clear short sweep and the recent price action by Bitcoin supports that case. Once the liquidity is drained, market makers are free to send the price to new lows.
For most retails users, these mechanics are not very intuitive because market makers operate at a different level. Due to their size and power to push the price, they need to access liquidity to secure profits before they push the price the other way. They can only do that if they can farm retail by triggering liquidations or stop losses.
How to Scout for a Top or Bottom?
Now that we’ve covered the bullish and bearish sweeps we can move on to the next chart that shows the aggressiveness from market makers. This can be measured by the angle of the patterns.
As you can notice on the below chart, the closer we get to a top or bottom, the more aggressive the angle of each sweep pattern. No surprise then, that we’re getting more aggressive the lower Bitcoin goes from 10° degrees to 40° degrees today.
This is bearish.
To turn bullish you’d want the angle to reduce in aggressiveness as the price falls or to see a bullish sweep. This is not yet the case. Therefore, it is too early to turn bullish here. Those that go long may soon be trapped while shorts are stopped out.
During the rally from 2023 to 2025, the bullish sweeps increased in angles gradually until a top was found during a bearish sweep at 10° degrees. That in itself was also a bearish signal that a top is in.
To buy the coming bottom, aim to scout for a bullish sweep and buy every time the price makes new lows. Those will be prime buy areas before the price snaps back up and moves into a sustained bull market again.
Last tips
The price of Bitcoin is at a key crossroad today. A break under 60k would send it quickly to new lows and likely a bottom during this bear market. We’re not there yet, but the signs point to this as being the higher possibility based on existing data.
In markets, you need to think in probabilities. Nothing is certain, but the charts can move the edge in your favor if you know how to read them, not predict them. Bitcoin can easily go to 80k during this bearish sweep before new lows, so watch out for that.
Lastly, market makers will play with your emotions to their advantage. Plus they know your liquidation points. If you are predictable, the price will hunt you down before it shows its true intentions.
Good luck and hope the above will boost your edge! Like, share, and subscribe for more alpha in the future.
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