Bitcoin: 83% Chance of Upside (Here Is Why)
Bitcoin: 83% Chance of Upside (Here Is Why)
8 hours ago•Krown•@eckrown
YouTube19 min 38 sec
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
Quick Insights
  • Bitcoin (BTC) has a conditional bullish setup while it holds near $79,700; a sustained move higher could target $85,000 within about 10 days, with $90,000 a further near-term objective.
  • If BTC loses $79,700, watch $76,500–$77,000; a break below $75,000 would raise the risk of a deeper drop toward $67,000–$70,000.
  • Ethereum (ETH) is weaker near term: a two-day close below $2,330 would increase downside risk toward $2,000.
  • Avoid broad altcoin exposure for now; the outlook is weak and no specific coins or entry levels were identified.
Detailed Analysis

Bitcoin (BTC)

  • The host’s overall bias was cautiously bullish, especially on higher timeframes, but he noted that Bitcoin was in a short-term downtrend on timeframes below the daily chart.
  • Two technical signals were presented as historically supportive of further gains:
    • After Bitcoin reconnected with its 10-day 5 EMA, it was positive 62% of the time 10 days later, with a median return near 5%.
    • After the 10-day stochastic entered an extreme bullish zone, Bitcoin was positive 79% of the time one month later, with a median return of 14.5%.
    • When both signals appeared together, the historical sample showed an 83% chance of a positive 10-day period and a median return of 22.1%. The host also noted that the sample since 2016 was very small—only three instances—and showed a 67% positive rate with a 3% median return.
  • The host said holding above last week’s low—around $79,700—would support the bullish case. A daily close below it would weaken that outlook and could open the way to a larger pullback.
  • Other downside levels mentioned:
    • A break below the $75,000 low could put $67,000–$70,000 in view.
    • Around $67,500, the weekly 200-day simple moving average was cited as a possible deeper retracement level that could still leave a higher low on the broader chart.
  • If the bullish signals play out, the host discussed $85,000 within roughly 10 days, $90,000 as a possible near-term target, and $93,000–$95,000 as a level implied by the historical one-month median return. These were conditional scenarios, not guarantees.

Takeaways

  • The discussion supports a conditional bullish outlook, not a certainty: the key near-term level to watch is the prior low around $79,700.
  • A move toward $76,500–$77,000 was described as a possible pullback zone if the prior low fails. The host said he would view that as potentially compatible with the broader bullish case, but a break below $75,000 would raise the risk of a deeper decline.
  • Treat the cited historical percentages cautiously: past technical setups do not ensure similar future returns, and the combined-signal sample since 2016 was particularly small.

Ethereum (ETH)

  • The host said Ethereum’s bullish case depended on last week’s low holding, with price then moving sideways or higher.
  • He identified about $2,330 as an important level on the two-day chart. A close below it would signal a breakdown in his view.
  • If that level failed, he discussed a possible pullback toward $2,000, or roughly 10–11% lower.

Takeaways

  • The outlook was conditional: holding the prior low would support the bullish scenario, while a two-day close below about $2,330 would increase downside risk.
  • The host characterized Ethereum as weaker in the short term than Bitcoin, so investors may want to monitor its support levels separately rather than assume it will track Bitcoin closely.

Altcoins (not specified)

  • The host described many altcoins as weak, saying that most had already broken down or lacked clear chart structure.
  • He suggested that a Bitcoin breakdown could put further pressure on altcoins, though no specific altcoin names or price targets were provided.

Takeaways

  • The discussion was cautious to bearish on the broader altcoin group, but it did not identify specific assets or give actionable entry levels.
  • Any assessment based on this segment would need to distinguish individual projects; the transcript does not support treating all altcoins as having the same outlook.

Federal Reserve Policy and FOMC

  • The host expected the week before the FOMC decision to be relatively quiet. Historically, Bitcoin was positive in 54% of the seven days before a decision, with a median return of about 0.5%.
  • He cited a prediction-market contract implying an 86% chance of the Fed holding rates at the upcoming meeting. He said he would not bet on it because he did not see a sufficient edge or attractive payout.

Takeaways

  • The transcript suggests the FOMC meeting was a potential source of short-term uncertainty, but it did not present the pre-meeting period as a strong trading opportunity.
  • The host’s comments on the rate-hold contract were descriptive, not a recommendation to trade it.
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Video Description
Everything printed over the weekend: the 10-day reconnect closed $81,412 over its line (official, 62% green in 10 days), the 10-day stochastic crossed 80 (79% green a month later), and the six prior bars where both printed together were 83% green. Inside: the week into 71 Fed decisions (no edge), the line in the sand at last week's low, the 5-day silver cross pending, the downside map if it breaks, and Kalshi's Fed hold at 86c. 🟪 OCTOBER SALE: 20% off every lifetime indicator plan with code LIFETIME until noon PT Oct 31 (Krown Pivots, the LTI Tool, the Trading Bible - $1,497, the code still takes 20%) → https://krown-trading.teachable.com/ 🟨 KALSHI: Prediction Markets - Trade $50 In Volume, Get Up To $500 In Trading Credit → https://kalshi.com/r/erickrown 🔵 COINBASE: $250 Deposit Bonus + 80% Trading Fee Reduction → https://coinbase.com/aff/krown 📗 FREE: My Complete TA Ultimate Beginners Program → https://krown-trading.teachable.com/p/ta101 🟪 Unlock My Indicators & Programs → https://krown-trading.teachable.com/ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 🟧 Trade on ByBit (Inverse Perps & High Liquidity) → https://partner.bybit.com/b/Cave ⬛ BloFin (No KYC + 15% Discount) → https://partner.blofin.com/d/Reduction ⚡ META SIGNALS — Code KROWN for 10% Off → https://metasignals.io/nft ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 🏔️ Join the Cave (Discord) → https://discord.gg/3PJDRbYw44 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ABOUT THIS CHANNEL Eric Krown is a former NYSE ARCA options market maker with 15+ years of experience. This channel delivers daily Bitcoin and macro market analysis using a systematic five-layer framework: Trend, Volatility, Structure, Momentum, and Risk — the same methodology used on the trading floor. No hype. Data-driven analysis with proof of trade. This content is for educational and entertainment purposes only. Not financial advice. Trade at your own risk. Do not trade on any exchange that prohibits trading from your geographical region. #Bitcoin #Stocks #investing CHAPTERS 0:00 Cold open: a quiet week into the Fed 0:34 What fired last week: an edge for the last days of October 0:52 Ethereum's line; hard to be bearish on the higher timeframes 2:51 The week into FOMC: 54% green, no edge 3:44 The 10-day reconnect: official, 62% green in 10 days 4:43 +5% from the close: about $85,000 5:31 The 10-day stochastic: over 80, 79% green a month later 6:53 Since 2018 +14.5%: $93,000 to $95,000 7:55 The stack: both signals on one bar, 83% green 9:03 20 and 30 days out 10:00 The line in the sand: the 12-hour higher low 10:54 The 2-day 200 SMA; under it, $76,500 12:06 The 5-day silver cross: pending 12:52 It needs $83,622 on the next close 13:25 The longer sideways, the better it looks 14:08 Every 5-day silver cross since 2015 15:20 The downside map: $76,500, $75,000, $67,000 to $70,000 15:47 Hidden bullish divergence building 16:15 Kalshi: the Fed hold at 86c 17:37 Kalshi: trade $50, up to $500 credit 18:44 The closer: if you are bullish, last week's low holds
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By @eckrown

Former NYSE Market Maker turned full-time Bitcoin, Gold & SPX trader/investor. I teach the systematic, data-driven frameworks I ...