The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Veteran Trader Tone Vays Issues Bitcoin (BTC) Alert, Says ‘Critical Low’ Incoming

by Daily Hodl Staff
May 5, 2022
in Bitcoin, Trading

Veteran crypto trader Tone Vays is updating his Bitcoin (BTC) forecast in the wake of the Federal Reserve’s interest rate hike which saw BTC experience volatile price action.

In a new strategy session, Vays tells his 120,000 YouTube subscribers that Bitcoin’s near-instant 3% rise from $38,766 to $39,935 yesterday was most likely a dead cat bounce.

The trader first looks at four-day Bitcoin candles where Bitcoin remained down from a weekly peak of $40,183 on April 28th. Vays weighs technical analysis (TA) versus fundamentals as he says,

“I’m not putting that much stock into this orange arrow, I don’t think it’s all that critical, definitely not like this one was [late January 2022], so we wait and see.

Right now this is looking like a nice dead cat bounce and most likely will turn the price of Bitcoin down.

All TA is pointing to lower prices. Fundamentally, I’m always bullish on Bitcoin and it can break out at any minute, but TA is telling me that this [green candle up] is just a dead cat bounce and we should have one more critical up.”

Source: Tone Vays/YouTube

Moving on to daily candles, Vays highlights $41,000 as a key level of resistance that he doesn’t think BTC is likely to break past.

“TA on the daily, I don’t find this to be anything of significance. I think there’s major resistance at the $41,000 area. I remain bearish in this daily chart as well.

The CMF [Chaikin Money Flow] is not all that impressive. The funding rate… look how much time has accumulated down there… It’s pretty much break-even right now.

It’s neither bullish nor bearish at the moment.”

CMF stands for Chaikin Money Flow, a metric measuring the volume-weighted average of accumulation and distribution over a set period.

After topping out at $39,946 yesterday, Bitcoin witnessed a dramatic 7.95% drop to as low as $36,770 earlier today.

At time of writing, BTC is down 5.6% over the last 24 hours and valued at $37,020.

I

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/MacRosefield/Nikelser Kate

Submit a Press Release

Industry Announcements

  • BTCC Exchange Celebrates 14th Anniversary with Launch of First-Ever User Badge Program
    June 18, 2025
  • R0AR Introduces Unified DeFi Platform for Token, Liquidity and NFT Staking
    June 17, 2025
  • Avail Goes Full Stack To Capture $300 Billion Global Blockchain Infra Market
    June 17, 2025
  • Fans Hash Launches Zero-Barrier Cloud Mining With Daily Payouts and Global Pool Access
    June 16, 2025
  • Universal Digital Inc. Announces Bitcoin Treasury Strategy Across North America and Asia
    June 16, 2025
  • FIFA Rivals Launches Worldwide, Bringing Non-Simulation Arcade Football Action to Mobile Devices
    June 12, 2025
  • Polemos Announces TGE and a Game-Changing Strategic Partnership With BUFF Accelerating Web 3.0 Adoption
    June 12, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$104,787.08
$104,787.08
0.9%
Ethereum
$2,507.76
$2,507.76
1.73%
BNB
$643.98
$643.98
1.5%
Solana
$145.99
$145.99
3.27%
XRP
$2.14
$2.14
2.96%

Spotlight

  • Crypto Analyst Predicts ‘Really Epic’ Next Few Months for Bitcoin, Sees Vertical Phase Coming for BTC
    June 11, 2025
  • Banking Giant Societe Generale To Launch Stablecoin on Ethereum and Solana Blockchains
    June 11, 2025
  • ‘Covert Pipeline for Dirty Money’ – Crypto Firm Founder Facing Multiple Charges After Allegedly Laundering $500,000,000 Through US Financial System
    June 11, 2025
  • Paul Tudor Jones Warns US in a ‘Debt Trap,’ Says Bitcoin Part of ‘Ideal’ Portfolio Strategy To Fight Incoming Inflation
    June 11, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl