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all right we should be live welcome back

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it's uh Trader X once again with a

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weekly Bitcoin review or midweek I

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should say how are you all and just

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before we proceed I just want to make

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sure that you can hear me okay and that

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you can see my screen just give me a

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quick confirmation in the chat

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please all right brilliant thank you

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very much

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good to see the usual faces um so in

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today's stream we'll review Bitcoin and

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just a general uh of viw of the markets

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but before we proceed as always anything

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said in today's video is not Financial

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advice it is just my view of the market

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special shout out to my stream sponsors

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okay

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exchange who have been a great platform

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and uh it's a platform that that I now

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trade uh my crypto so um let's kick off

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on the stream first thing that we will

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do is essentially focus on

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bitcoin and in doing so um the first

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tool that I want to bring up is just

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trading lights which is something that I

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use to check the uh aut books and kind

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of heat map which is an overlay of where

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resting uh bids and asks are in the

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books essentially but there's really not

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a great deal that's happening or or that

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has happened over the last several days

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it's it's we've been in this price range

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for approximately I think 7 eight days

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now and I think you know it's just

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waiting it's just a matter of waiting

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for price to resolve one way or another

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over the coming days I was hoping that

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we would see some action heading into

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today's stream I I deferred Monday

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stream um decided to reschedule today

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but here we are we're still contained

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within this rangeb environment where

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price is essentially being capped by

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that 65 66k level uh and you can see in

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terms of the book depth there's around

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about

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7,000 uh

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Bitcoin um on the ask side and in terms

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of support we're looking at anywhere

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between 61 to 62 in terms of depth so

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it's evidently clear where price is

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currently kept so we've got a a spot of

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bids pressing there between 59 and 60 uh

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then we've also got this segment here

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between

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61.5 and and 62 which is kind of

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containing price the majority of the

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price action has been between that

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62.5 and that 64.8 just under

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65k so the question is what happens next

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how do we plan for this now

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essentially as I shared on the previous

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week's stream one of the setups that I'm

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looking for is I talked about the fact

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that I'm not really really overly eager

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to take any shorts just yet in the

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market however if I see a spike up into

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that 65 66k region which is pushing up

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into here running some of the stops here

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okay taking some of this liquidity and

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then pulls back back into

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this shortterm range then I probably

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would take

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on a short opportunity looking for price

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to trade back into 61 62k into the bid

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side okay not something that's going to

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define the rest of my life a trading

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crate it is just a trade all right now

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equally

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um these asks may get pulled I'll just

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have to see what the book does and what

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I'm essentially looking for in this

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instance is priz to push up into this

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level open interest to spike up

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okay and Longs piling in but unable to

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push price should that happen and price

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finds acceptance back below low 65k

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again then I think I I may just take a

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stab at that we'll see okay but

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ultimately my preferred scenario is if

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price does subsequently roll over from

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this region here um at 65 64k into 61 60

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59 wherever it's going to react okay

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we've got a key level of demand over

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here okay so if price does subsequently

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trade back into this level okay break

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this trend line trade back down into

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here that's going to be the area of

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interest I'm not sure where whether it's

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61 or 62 point something or 60 or 59 but

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somewhere in there is where I'd like to

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do my business okay so just looking at

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the books you can see that there's

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there's a fairly decent ask uh on the

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ask side and there's there's a fairly

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decent bit of depth on the the bid side

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which is essentially what's compressing

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price within this region

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[Music]

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okay let's move on to the charts now

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moving on to the charts I've talked

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about where currently I'm looking at in

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terms of um order book depth okay it's

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fairly similar on the other exchanges so

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we won't really cover too much on what

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we're seeing on the other exchanges but

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essentially the key thing that I want to

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point out in this instance and what is

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really important to me is the fact that

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Bitcoin is now trading above the 12 25

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weekly EMAs okay what I would like to

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see is essentially price respect this

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Zone respect this level okay I don't

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mind if price happens to at some point

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over the coming days or weeks trades

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just below this as long as it can get

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back above that should be a good enough

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long trigger in terms of the context

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where I would probably be slightly

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reluctant to step into a long is if

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price starts trading back below the 1225

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weekly EMA then

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I would suggest that there's a

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possibility or a probability but first

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we need to see it happen is should price

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start trading below the level that we

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may get a deep deeper retracement back

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into that 55 56k level I'm hopeful right

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hopeful that this is the level that

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holds okay is that

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clear and the key thing for me is

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contextually the the bands have never

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really death crossed or crossed over so

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it's encouraging it it is encouraging as

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far as I'm concerned and uh for that

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reason I've my my bias remains looking

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for Longs being patient looking for

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Longs okay and and that's going to

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continue to be the

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plan but I think what would be great is

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let's just assume that we don't see much

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further volatility in the week that

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price is still contained within this

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region I think a weekly close above 61

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62k even if it does happen happen to

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remain within this very

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short average true range between

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64.8 and 62.4 five you know that's

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fairly promising that's pretty

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decent okay and that's a key thing for

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me it it's indecision not sure where the

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market wants to go next looking for long

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setups equally you know we could see the

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market pop up high let's just take a

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step back and talk about high time frame

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when you look at this again I've made a

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point where is this really distribution

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which many claim it to be a form of

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distribution I'm not convinced it is

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okay I think this is more of a yes as

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I've covered on previous streams it's a

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a case of lower highs and lower lows but

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it is still within this range B

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environment of

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55.5 and the highs of of 72k all right

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so essentially we are respecting that

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yearly mid level if this is our yearly

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low there's our yearly High We respect

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to the yearly mid level as long as price

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is contained above the yearly mid level

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and and like I said adverse scenario

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should price start trading below the

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bands we're still not a far distance

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away from the bands okay so there's

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still a possibility that again adverse

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scenario should we break down lower that

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the bands will continue going sideways

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given an opportunity to get back into

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position from a long lower down from 56

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from 57s okay uh and equally when once

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it gets back above I think that then

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gives you the certainty that one 2 3

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four tests of the lower bounds but above

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the yearly mid level should be enough of

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a Confluence to say right it's time to

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take it higher now the key thing in

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terms of context is I've used a range

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extension here does everybody understand

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how I've mapped out this range extension

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looking for projections to the upside

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such that if this is a consol ating

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pattern there's a flag pole there's a

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consolidation when we do get a breakout

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I'd be looking for a one to1 extension

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contining higher so first objective

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would be the 80k level the second

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objective would be 90k after that we'll

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see what happens but like I said to even

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contemplate that we we really need to

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see a real significant volume and

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clearance above the 72k level to take us

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to that 80k level all right

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and the question you want to be asking

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is do you really want to be fading that

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okay we've had three

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attempts of the high time frame mid

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level or what is the Range

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High we've tested this level once closed

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back below and again and again a fourth

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test of that level would be very very

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interesting and I'd have to go with the

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probability as I've explained on

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previous examples that when you see

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price trade below the 1221 only to

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reclaim back above it consolidate that

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often marks the continuation of a trend

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higher so we'll just have to wait and

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see and I think price is pretty much

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playing out as I've anticipated I did

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say that I don't think we're we're

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likely to take off anytime soon we could

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see a continuation of chop and range and

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rotational plays um but what that does

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give if you look at the Timeline if you

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look at the feed and it's really really

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brought about some um level of uh

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optimism with

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altcoins we've seen altcoins perform

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well when bitcoin's volatility is

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relatively contained altcoins are

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popping off we've seen memes pop off

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with Bonk u a couple of others popcat is

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another one that comes to mind even you

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look at sui we've seen say move off the

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off the low so where alts are I think

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that there's some really good

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opportunities setting up and I think you

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have to be fairly optimistic for as long

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as Bitcoin and and the rest of the

251
00:11:26,919 --> 00:11:35,358
market in terms of um SBA and NASDAQ and

252
00:11:31,440 --> 00:11:37,359
some of the mag 7 are are continuing to

253
00:11:35,360 --> 00:11:39,440
maintain their structure then uh I'm

254
00:11:37,360 --> 00:11:41,680
fairly optimistic for you know price

255
00:11:39,440 --> 00:11:42,839
over the coming weeks heading into Q4

256
00:11:41,679 --> 00:11:44,879
into

257
00:11:42,839 --> 00:11:47,880
October but essentially what I want you

258
00:11:44,879 --> 00:11:50,159
to really think about is context

259
00:11:47,879 --> 00:11:52,438
so you know you look at price and you

260
00:11:50,159 --> 00:11:54,199
think well if Bitcoin is going to trade

261
00:11:52,440 --> 00:11:55,279
Above This level and find acceptance

262
00:11:54,200 --> 00:11:57,680
what does that mean for the broader

263
00:11:55,278 --> 00:12:00,039
Market what does that mean for altcoins

264
00:11:57,679 --> 00:12:04,278
okay now I can appreciate that many any

265
00:12:00,039 --> 00:12:06,199
of you have some level of fear or your

266
00:12:04,278 --> 00:12:07,879
emotions have probably been smashed due

267
00:12:06,200 --> 00:12:09,720
to price especially in altcoin is

268
00:12:07,879 --> 00:12:12,758
retracing 70

269
00:12:09,720 --> 00:12:14,239
80% but forget what's happened in the

270
00:12:12,759 --> 00:12:16,719
past look ahead of you look at the

271
00:12:14,240 --> 00:12:18,039
opportunity ahead and and try to think

272
00:12:16,720 --> 00:12:19,599
just one step ahead at a time that

273
00:12:18,039 --> 00:12:21,719
should Bitcoin start trading Above This

274
00:12:19,600 --> 00:12:23,320
level find acceptance above there at

275
00:12:21,720 --> 00:12:25,079
some point whether it's a pullback first

276
00:12:23,320 --> 00:12:26,279
and then continuation higher what does

277
00:12:25,078 --> 00:12:28,239
that mean for the broader Market what

278
00:12:26,278 --> 00:12:29,879
does that mean for altcoins heading into

279
00:12:28,240 --> 00:12:32,518
Q4 what does that mean with the fact

280
00:12:29,879 --> 00:12:34,598
that we see an uptaking Global liquidity

281
00:12:32,519 --> 00:12:37,160
we see China cutting back on their rates

282
00:12:34,600 --> 00:12:38,560
and trying to stimulate their economy so

283
00:12:37,159 --> 00:12:39,998
in terms of the narrative over the next

284
00:12:38,559 --> 00:12:42,277
few weeks you know things are looking

285
00:12:40,000 --> 00:12:44,639
fairly prospectively good but it may

286
00:12:42,278 --> 00:12:48,359
just drag on a little longer all

287
00:12:44,639 --> 00:12:49,999
right the next um chart that I want to

288
00:12:48,360 --> 00:12:52,320
focus on is again what sorry with the

289
00:12:50,000 --> 00:12:55,719
next indicator that I'd like to just

290
00:12:52,320 --> 00:12:58,480
quickly touch upon is the weekly stock

291
00:12:55,720 --> 00:12:59,760
RSI so again the way I see this is if

292
00:12:58,480 --> 00:13:01,359
you followed my

293
00:12:59,759 --> 00:13:03,198
streams over the years I do not want to

294
00:13:01,360 --> 00:13:06,320
be fading when momentum is likely to

295
00:13:03,198 --> 00:13:07,678
push or oscillate to theide okay so

296
00:13:06,320 --> 00:13:10,119
again looking for opportunity to the

297
00:13:07,679 --> 00:13:10,118
upside

298
00:13:21,278 --> 00:13:24,798
here now moving

299
00:13:27,039 --> 00:13:31,119
forward let's start talking about trade

300
00:13:37,759 --> 00:13:41,799
setups using the levels that we've got

301
00:13:40,078 --> 00:13:44,318
from the higher time

302
00:13:41,799 --> 00:13:48,478
frames we have a clearly

303
00:13:44,320 --> 00:13:51,560
defined key pivotal level at 68 70k

304
00:13:48,480 --> 00:13:53,239
where price hasn't really found

305
00:13:51,559 --> 00:13:55,599
acceptance above you can see we've had a

306
00:13:53,240 --> 00:13:57,278
Weck we Clos above it for one week

307
00:13:55,600 --> 00:14:00,800
traded back below another Weck another

308
00:13:57,278 --> 00:14:03,319
Weck another Weck and so forth okay

309
00:14:00,799 --> 00:14:06,398
so in terms of a

310
00:14:03,320 --> 00:14:10,159
range taking this swing

311
00:14:06,399 --> 00:14:10,160
High we'll mark this in

312
00:14:10,360 --> 00:14:15,079
blue now we're purely talking about

313
00:14:12,440 --> 00:14:17,880
trade setup here and taking

314
00:14:15,078 --> 00:14:21,558
this key pivotal level round about the

315
00:14:17,879 --> 00:14:23,518
yearly mid level into this demand Zone

316
00:14:21,559 --> 00:14:26,358
that's the range where I'm looking to

317
00:14:23,519 --> 00:14:30,440
get back into a long so I traded 54 to

318
00:14:26,360 --> 00:14:33,199
61 I took a trade from 62 to 64s okay

319
00:14:30,440 --> 00:14:35,079
when you look at the Daily Now what is

320
00:14:33,198 --> 00:14:37,518
happening under the hoods okay in terms

321
00:14:35,078 --> 00:14:40,238
of price well you can see that price is

322
00:14:37,519 --> 00:14:42,679
currently being capped by a level of

323
00:14:40,240 --> 00:14:45,480
resistance as I've shown you in the

324
00:14:42,679 --> 00:14:48,238
order books okay 65 66 there's a bunch

325
00:14:45,480 --> 00:14:49,959
of a asks there and I think anybody

326
00:14:48,240 --> 00:14:52,320
shorting this you'd have to be fairly

327
00:14:49,958 --> 00:14:55,679
frustrated because you've had one two

328
00:14:52,320 --> 00:14:58,680
three four five six seven days of price

329
00:14:55,679 --> 00:14:59,679
action okay and equally I think anybody

330
00:14:58,679 --> 00:15:03,398
who's

331
00:14:59,679 --> 00:15:05,318
longing this from the lows of 54k and

332
00:15:03,399 --> 00:15:07,240
now you've decided to long into

333
00:15:05,320 --> 00:15:10,480
resistance I just think there's far

334
00:15:07,240 --> 00:15:13,440
better setups far better setups than

335
00:15:10,480 --> 00:15:16,880
than what we currently have in front of

336
00:15:13,440 --> 00:15:18,999
us so I think the Temptation has been

337
00:15:16,879 --> 00:15:20,678
there for me to punt on a shot but like

338
00:15:19,000 --> 00:15:24,480
I said I I just don't really fancy

339
00:15:20,679 --> 00:15:26,318
taking it on and when you draw a keep

340
00:15:24,480 --> 00:15:29,920
pivot level which I've identified on the

341
00:15:26,320 --> 00:15:32,119
chart earlier this week this is the area

342
00:15:29,919 --> 00:15:34,598
we'll mark this in uh let's just say

343
00:15:32,120 --> 00:15:37,839
green for buying okay when you look at

344
00:15:34,600 --> 00:15:37,838
this in terms of inflection

345
00:15:38,120 --> 00:15:46,360
points one okay

346
00:15:43,360 --> 00:15:46,360
two

347
00:15:46,480 --> 00:15:52,518
3 four right price traded below the

348
00:15:49,919 --> 00:15:56,999
level got back above got back above

349
00:15:52,519 --> 00:16:01,599
rallied to where that 65k level

350
00:15:57,000 --> 00:16:06,240
okay found resistance pull back into a

351
00:16:01,600 --> 00:16:09,119
60k same again find support and again

352
00:16:06,240 --> 00:16:12,318
okay resistance lost a level trades

353
00:16:09,120 --> 00:16:14,519
lower down back into resistance flips

354
00:16:12,318 --> 00:16:16,238
back above it so for me this is a key

355
00:16:14,519 --> 00:16:18,560
pivotal Zone

356
00:16:16,240 --> 00:16:21,680
here is that

357
00:16:18,559 --> 00:16:23,238
clear look at the number of touch points

358
00:16:21,679 --> 00:16:25,679
buyers have always been stepping in at

359
00:16:23,240 --> 00:16:27,480
this level in most cases now let's drop

360
00:16:25,679 --> 00:16:29,919
into the 4our chart we've defined our

361
00:16:27,480 --> 00:16:31,920
Range High we've defined our range low

362
00:16:29,919 --> 00:16:34,359
we've defined our local resistance we've

363
00:16:31,919 --> 00:16:36,119
defined this green line in terms of

364
00:16:34,360 --> 00:16:38,600
touch

365
00:16:36,120 --> 00:16:40,879
points and the level of Confluence it

366
00:16:38,600 --> 00:16:42,1000
offers now let's drop into the 4our

367
00:16:40,879 --> 00:16:46,398
chart and I think this is where it it

368
00:16:43,000 --> 00:16:50,639
starts to get interesting okay because

369
00:16:46,399 --> 00:16:50,639
when you look at price from from this

370
00:16:51,399 --> 00:16:56,480
perspective is

371
00:16:54,278 --> 00:16:59,318
that we've

372
00:16:56,480 --> 00:17:01,440
defined the range Highs at 74 okay we've

373
00:16:59,318 --> 00:17:05,037
defined the range lows at

374
00:17:01,440 --> 00:17:08,919
53k let's take the midle of that level

375
00:17:05,038 --> 00:17:12,159
now and you can see the mid is hovering

376
00:17:08,919 --> 00:17:14,399
at around about 63 64k okay kind of

377
00:17:12,160 --> 00:17:16,318
confluent with what we've got at 65 66

378
00:17:14,400 --> 00:17:17,919
it's not too far off again it's at the

379
00:17:16,318 --> 00:17:19,718
middle I don't really want to be doing

380
00:17:17,919 --> 00:17:21,079
business when it's chopping this in this

381
00:17:19,720 --> 00:17:24,319
nature or in this

382
00:17:21,078 --> 00:17:27,038
fashion so I think in terms of long

383
00:17:24,318 --> 00:17:30,439
setups should

384
00:17:27,038 --> 00:17:31,759
price break below this structure I think

385
00:17:30,440 --> 00:17:34,799
like I said there could be one more

386
00:17:31,759 --> 00:17:36,677
possibility where we see a squeeze

387
00:17:34,798 --> 00:17:39,278
taking out these highs taking out any

388
00:17:36,679 --> 00:17:41,999
shorts that have opened up here okay and

389
00:17:39,279 --> 00:17:43,918
this High here and then we may get a

390
00:17:42,000 --> 00:17:46,280
pullback that isn't unusual in Bitcoin

391
00:17:43,919 --> 00:17:49,039
where you get this compression into

392
00:17:46,279 --> 00:17:51,479
resistance price trades above the level

393
00:17:49,038 --> 00:17:53,879
long start piling in they get absorbed

394
00:17:51,480 --> 00:17:55,158
by passive sellers okay and what do you

395
00:17:53,880 --> 00:17:56,919
see well first of all you're going to

396
00:17:55,159 --> 00:17:58,159
rustle these shorts okay so they're

397
00:17:56,919 --> 00:18:00,039
going to get stopped out long side

398
00:17:58,159 --> 00:18:02,559
piling in if they're unable to push

399
00:18:00,038 --> 00:18:04,079
price higher and price finds acceptance

400
00:18:02,558 --> 00:18:06,078
back below this key level then I think

401
00:18:04,079 --> 00:18:09,359
there's a possibility that we trade back

402
00:18:06,079 --> 00:18:10,878
into that 61 62k demands on here okay

403
00:18:09,359 --> 00:18:13,918
that's the zone that I'd like to see

404
00:18:10,880 --> 00:18:17,399
hold that's the Zone where the

405
00:18:13,919 --> 00:18:19,159
1225 uh weekly EMAs are possibly the 21s

406
00:18:17,400 --> 00:18:21,319
as well this is where I'm looking for

407
00:18:19,159 --> 00:18:23,599
the trigger point okay so coming to this

408
00:18:21,319 --> 00:18:26,359
level show me your level of support give

409
00:18:23,599 --> 00:18:27,999
me a swing uh swing point to establish a

410
00:18:26,359 --> 00:18:30,157
low or even just below this level here

411
00:18:28,000 --> 00:18:32,120
because we we know historically the

412
00:18:30,159 --> 00:18:34,119
number of touch points this level has

413
00:18:32,119 --> 00:18:36,038
had that I'm going to assume it's fairly

414
00:18:34,119 --> 00:18:37,639
safe to place my stop just below that

415
00:18:36,038 --> 00:18:39,678
level depending where the swing point is

416
00:18:37,640 --> 00:18:42,720
okay it could even stop short we we may

417
00:18:39,679 --> 00:18:46,320
not get a deep sell off into 60k it may

418
00:18:42,720 --> 00:18:49,120
just stop short at 61 62k it may just

419
00:18:46,319 --> 00:18:51,639
run these lows here stop short guess

420
00:18:49,119 --> 00:18:52,759
back above then what do you do that's

421
00:18:51,640 --> 00:18:54,720
the question you want to be asking

422
00:18:52,759 --> 00:18:58,917
yourself so you got two scenarios here

423
00:18:54,720 --> 00:19:01,1000
one is a deeper pullback into 59 60k

424
00:18:58,919 --> 00:19:03,678
confluent with the 1221 or 25 EMAs the

425
00:19:02,000 --> 00:19:06,158
second scenario is run these lows just

426
00:19:03,679 --> 00:19:08,159
below 62k where we've also seen on the

427
00:19:06,159 --> 00:19:09,320
books in terms of trading light the bids

428
00:19:08,159 --> 00:19:11,239
are fairly stacked there as long as

429
00:19:09,319 --> 00:19:13,678
those bids are there and they're passive

430
00:19:11,240 --> 00:19:16,280
and

431
00:19:13,679 --> 00:19:17,959
sells aggresses are hitting into those

432
00:19:16,279 --> 00:19:20,319
passive bids and they're being filled

433
00:19:17,960 --> 00:19:22,440
okay then that would give me a level of

434
00:19:20,319 --> 00:19:24,479
encouragement that maybe this might be

435
00:19:22,440 --> 00:19:26,319
the opportunity look for price to take

436
00:19:24,480 --> 00:19:28,999
out these lows to get back inside that

437
00:19:26,319 --> 00:19:30,998
we can push up higher into that 697 K

438
00:19:29,000 --> 00:19:33,080
level okay that's what I'm

439
00:19:31,000 --> 00:19:36,038
thinking is that

440
00:19:33,079 --> 00:19:39,157
clear now the question is what happens

441
00:19:36,038 --> 00:19:40,839
if we don't Spike the highs we don't run

442
00:19:39,159 --> 00:19:43,240
the highs we don't run the stops we

443
00:19:40,839 --> 00:19:45,239
don't print a higher high again it

444
00:19:43,240 --> 00:19:46,720
doesn't really change what what change

445
00:19:45,240 --> 00:19:48,119
much for me whether the fact that we do

446
00:19:46,720 --> 00:19:50,599
print a higher high or not I'm still

447
00:19:48,119 --> 00:19:52,878
looking for if price does break down

448
00:19:50,599 --> 00:19:54,719
here over the coming days or whenever

449
00:19:52,880 --> 00:19:57,120
again this is a key level then I think

450
00:19:54,720 --> 00:19:59,559
increases the probability that look

451
00:19:57,119 --> 00:20:02,878
trade below here I think we possibly

452
00:19:59,558 --> 00:20:04,998
come to 61 6 62k hold the level I'm

453
00:20:02,880 --> 00:20:09,280
looking for long straight back above up

454
00:20:05,000 --> 00:20:13,320
into 65 66 67 all right now the third

455
00:20:09,279 --> 00:20:14,878
scenario which is my least favorite um

456
00:20:13,319 --> 00:20:18,279
and I may be tempted to start taking

457
00:20:14,880 --> 00:20:19,918
some profits on some of my ALT exposure

458
00:20:18,279 --> 00:20:22,319
is such

459
00:20:19,919 --> 00:20:25,279
that looking at Price here we're getting

460
00:20:22,319 --> 00:20:27,838
this compression into that 65k level

461
00:20:25,279 --> 00:20:29,878
should price close above it shallow

462
00:20:27,839 --> 00:20:31,758
pullback and then continue higher when

463
00:20:29,880 --> 00:20:35,559
you look at the extension of the move

464
00:20:31,759 --> 00:20:37,797
from 53 to 70k I think that's a fairly

465
00:20:35,558 --> 00:20:39,319
significant move into these Highs at

466
00:20:37,798 --> 00:20:41,599
that point I probably will be taking

467
00:20:39,319 --> 00:20:42,959
profit on some of my ALT exposures

468
00:20:41,599 --> 00:20:44,478
especially in my Futures account and

469
00:20:42,960 --> 00:20:46,678
then at that point I'd have to be

470
00:20:44,480 --> 00:20:48,720
looking for a pull back into that 65k

471
00:20:46,679 --> 00:20:49,960
level to see if that holds okay that's

472
00:20:48,720 --> 00:20:51,999
what I'm thinking back into the mid

473
00:20:49,960 --> 00:20:54,400
level essentially is what I'm looking to

474
00:20:52,000 --> 00:20:55,879
see all right so they're kind of the

475
00:20:54,400 --> 00:20:58,199
three scenarios the three trading

476
00:20:55,880 --> 00:21:00,120
scenarios I'm not looking to long into

477
00:20:58,200 --> 00:21:03,320
resistance here I just don't it doesn't

478
00:21:00,119 --> 00:21:05,998
warrant it I'm still maintaining my spot

479
00:21:03,319 --> 00:21:08,838
exposure I'm still maintaining my spot

480
00:21:06,000 --> 00:21:11,278
positioning on altcoins but in terms of

481
00:21:08,839 --> 00:21:12,917
Futures trades in terms of intraday

482
00:21:11,278 --> 00:21:15,037
trades or trades that I'm looking for on

483
00:21:12,919 --> 00:21:17,760
altcoins I will be looking to take

484
00:21:15,038 --> 00:21:19,438
profit on some some players like say

485
00:21:17,759 --> 00:21:23,438
which I've got both a Futures position

486
00:21:19,440 --> 00:21:25,720
and a spot position running but that's

487
00:21:23,440 --> 00:21:28,159
what I have to work with I'm not sure

488
00:21:25,720 --> 00:21:30,239
what much else there is to add to this

489
00:21:28,159 --> 00:21:31,760
doesn't have to be complicated or more

490
00:21:30,240 --> 00:21:34,440
complicated than it

491
00:21:31,759 --> 00:21:35,917
is and uh there're the three scenarios

492
00:21:34,440 --> 00:21:37,199
so as a Trader I couldn't tell you

493
00:21:35,919 --> 00:21:38,959
what's going to happen next all I can

494
00:21:37,200 --> 00:21:41,278
tell you is should price come to the

495
00:21:38,960 --> 00:21:42,839
levels that I've mapped out then I'm

496
00:21:41,278 --> 00:21:46,359
looking for a trigger point and I will

497
00:21:42,839 --> 00:21:48,037
react and I will look to take on the

498
00:21:46,359 --> 00:21:51,599
trade

499
00:21:48,038 --> 00:21:53,797
okay what if the 61 62k level doesn't

500
00:21:51,599 --> 00:21:55,999
hold are you shorting no I'm not going

501
00:21:53,798 --> 00:21:59,639
to be shorting because like I said

502
00:21:56,000 --> 00:22:02,278
look I can understand why Others May

503
00:21:59,640 --> 00:22:04,600
short right but at the end of the day I

504
00:22:02,278 --> 00:22:06,879
I've explained my context my context is

505
00:22:04,599 --> 00:22:09,797
based upon the higher time

506
00:22:06,880 --> 00:22:11,479
frame um and yeah look if people believe

507
00:22:09,798 --> 00:22:12,918
price is going to go higher then then

508
00:22:11,480 --> 00:22:15,359
fair enough you

509
00:22:12,919 --> 00:22:17,399
know they're entitled to to their

510
00:22:15,359 --> 00:22:19,677
opinions the way that I'm looking at

511
00:22:17,400 --> 00:22:22,079
price is that this is just a range one

512
00:22:19,679 --> 00:22:23,558
environment I'd much rather be a buyer

513
00:22:22,079 --> 00:22:25,639
for as long as the yearly mid level

514
00:22:23,558 --> 00:22:27,438
holds okay we're still we're still

515
00:22:25,640 --> 00:22:31,678
contained in an uptrend we're still

516
00:22:27,440 --> 00:22:33,319
Trading uh in terms of um structure you

517
00:22:31,679 --> 00:22:37,199
know buyers have been stepping into this

518
00:22:33,319 --> 00:22:39,519
50 54 55k level we we've not spent much

519
00:22:37,200 --> 00:22:42,959
time at these lows

520
00:22:39,519 --> 00:22:44,839
so I'm looking for long opportunities

521
00:22:42,960 --> 00:22:47,960
whether it's a pullback into

522
00:22:44,839 --> 00:22:47,959
continuation higher

523
00:22:53,480 --> 00:22:57,440
okay I'm sorry I'm just reading through

524
00:22:56,038 --> 00:22:58,998
the chat trying to see what some of the

525
00:22:57,440 --> 00:23:01,678
comments saw if this's

526
00:22:59,000 --> 00:23:01,678
any valid

527
00:23:06,119 --> 00:23:10,479
questions but everything I do is based

528
00:23:08,200 --> 00:23:12,559
off the high time frame

529
00:23:10,480 --> 00:23:15,480
context and if you really want to keep

530
00:23:12,558 --> 00:23:17,798
it simple okay if you really want to

531
00:23:15,480 --> 00:23:17,798
keep it

532
00:23:17,839 --> 00:23:23,157
simple clear your chart okay if you want

533
00:23:21,038 --> 00:23:26,119
to trade this I'm not talking about

534
00:23:23,159 --> 00:23:27,840
investment purely from a trading

535
00:23:26,119 --> 00:23:30,439
perspective okay there's your range

536
00:23:27,839 --> 00:23:30,439
highs

537
00:23:32,159 --> 00:23:35,440
and you want to Mark out your range lows

538
00:23:34,119 --> 00:23:37,878
this is just another way to do it this

539
00:23:35,440 --> 00:23:39,440
this was the key demand Zone where price

540
00:23:37,880 --> 00:23:41,1000
Consolidated and printed new all-time

541
00:23:39,440 --> 00:23:44,480
highs this is that consolidation where

542
00:23:42,000 --> 00:23:46,000
price is now respecting that level okay

543
00:23:44,480 --> 00:23:49,239
you can see that there's the range lows

544
00:23:46,000 --> 00:23:52,120
there's the range highs Mark out the

545
00:23:49,240 --> 00:23:55,119
mid doesn't take much one minute or so

546
00:23:52,119 --> 00:23:57,199
to pretty much map out the charts okay

547
00:23:55,119 --> 00:23:59,038
and where where are we we're pretty much

548
00:23:57,200 --> 00:24:00,959
at the mid level okay so it's it's it's

549
00:23:59,038 --> 00:24:04,198
a bit dicey around this level and like I

550
00:24:00,960 --> 00:24:06,1000
said there's a there's a level of um

551
00:24:04,200 --> 00:24:09,200
resistance at 65k

552
00:24:07,000 --> 00:24:11,158
which I guess we'll test a lot of

553
00:24:09,200 --> 00:24:13,119
people's patience to get into a long

554
00:24:11,159 --> 00:24:14,639
position or people are overly eager

555
00:24:13,119 --> 00:24:15,917
looking to short This and like I said

556
00:24:14,640 --> 00:24:18,200
when when you when you zoom out and look

557
00:24:15,919 --> 00:24:21,1000
at this from a daily perspective you

558
00:24:18,200 --> 00:24:26,158
know um should we tap that liquidity

559
00:24:22,000 --> 00:24:29,399
above the previous swing High to the

560
00:24:26,159 --> 00:24:30,960
left then

561
00:24:29,398 --> 00:24:32,878
and we get back below this mid level of

562
00:24:30,960 --> 00:24:34,359
63k we'll probably run these highs and

563
00:24:32,880 --> 00:24:36,440
we'll probably trade somewhere into this

564
00:24:34,359 --> 00:24:39,397
region here which is round about the

565
00:24:36,440 --> 00:24:42,520
range quarter so mid-range range high

566
00:24:39,398 --> 00:24:44,519
range low run these highs if it fails to

567
00:24:42,519 --> 00:24:46,797
hold this level um and it doesn't

568
00:24:44,519 --> 00:24:48,918
continue on higher which is the the the

569
00:24:46,798 --> 00:24:50,718
pullback scenario that I've suggested if

570
00:24:48,919 --> 00:24:52,839
it does break back inside then I think

571
00:24:50,720 --> 00:24:55,798
we at least take out these lows if not

572
00:24:52,839 --> 00:25:00,278
then potentially down to 59 60k whether

573
00:24:55,798 --> 00:25:02,318
whether 12 21 12 25 are into that

574
00:25:00,278 --> 00:25:04,518
quarterly range level look for a

575
00:25:02,319 --> 00:25:06,118
reaction go long again look for higher

576
00:25:04,519 --> 00:25:07,838
prices okay that that will be your shift

577
00:25:06,119 --> 00:25:12,758
in terms

578
00:25:07,839 --> 00:25:16,479
of lower high lower high lower low a

579
00:25:12,759 --> 00:25:19,478
higher low okay into a higher high into

580
00:25:16,480 --> 00:25:22,999
a higher low higher low in context of

581
00:25:19,480 --> 00:25:22,1000
the previous Wing

582
00:25:24,440 --> 00:25:30,480
Point and that's all there is to it

583
00:25:26,519 --> 00:25:32,918
really okay let's move on to Total

584
00:25:30,480 --> 00:25:34,440
three oh let's look at total two I

585
00:25:32,919 --> 00:25:37,399
should say in terms of alt

586
00:25:34,440 --> 00:25:39,159
coins this was the scenario that I had

587
00:25:37,398 --> 00:25:40,999
uh from many weeks ago I thought we

588
00:25:39,159 --> 00:25:44,1000
probably would get one pullback I think

589
00:25:41,000 --> 00:25:47,679
I posted this back in I I think it was

590
00:25:45,000 --> 00:25:50,360
mid August one more pull back into the

591
00:25:47,679 --> 00:25:52,919
lows and I want to see price push out of

592
00:25:50,359 --> 00:25:54,759
this to trade higher again there's still

593
00:25:52,919 --> 00:25:57,199
a lot of work to be done here in my

594
00:25:54,759 --> 00:25:58,759
opinion uh but I I am looking for that

595
00:25:57,200 --> 00:26:00,799
continuation pattern for for as long as

596
00:25:58,759 --> 00:26:04,239
look it's very simple for me for as long

597
00:26:00,798 --> 00:26:06,118
as price holds this level here okay this

598
00:26:04,240 --> 00:26:09,278
was a previous range sideways price

599
00:26:06,119 --> 00:26:11,558
action for for the best part of one and

600
00:26:09,278 --> 00:26:14,079
a half years we finally broke above it

601
00:26:11,558 --> 00:26:15,518
we've retested that level and if you

602
00:26:14,079 --> 00:26:17,119
look at ALS across the board that

603
00:26:15,519 --> 00:26:19,759
retraced 70 80

604
00:26:17,119 --> 00:26:21,397
90% they they really have provided some

605
00:26:19,759 --> 00:26:24,079
excellent buying opportunities to at

606
00:26:21,398 --> 00:26:25,558
least at least take on risk short term

607
00:26:24,079 --> 00:26:27,038
okay so I don't I don't really see

608
00:26:25,558 --> 00:26:29,798
anything significantly bearish about

609
00:26:27,038 --> 00:26:32,759
altcoins at this current juncture but

610
00:26:29,798 --> 00:26:34,599
like I said uh you know I am looking to

611
00:26:32,759 --> 00:26:36,959
be aggressive and look for buying

612
00:26:34,599 --> 00:26:39,358
opportunities on altcoins and that will

613
00:26:36,960 --> 00:26:42,759
continue to be the case for as long as

614
00:26:39,359 --> 00:26:45,519
this structure is maintained I think if

615
00:26:42,759 --> 00:26:48,079
we start trading below this level for

616
00:26:45,519 --> 00:26:50,438
whatever reason then then yeah there's a

617
00:26:48,079 --> 00:26:52,918
there's a big question mark on the uh

618
00:26:50,440 --> 00:26:57,999
continuation of altcoins rallying into

619
00:26:52,919 --> 00:26:57,1000
Q4 let's move on to Total three

620
00:26:59,519 --> 00:27:03,557
again when you look at this structure of

621
00:27:08,319 --> 00:27:14,319
price using this key swing low and this

622
00:27:12,480 --> 00:27:16,600
as a key swing

623
00:27:14,319 --> 00:27:18,397
high or whether you want to use this one

624
00:27:16,599 --> 00:27:20,719
over here it's entirely

625
00:27:18,398 --> 00:27:22,519
optional okay look at where price is

626
00:27:20,720 --> 00:27:24,240
again we we kind of tapped that key

627
00:27:22,519 --> 00:27:26,479
demand Zone here we're holding above

628
00:27:24,240 --> 00:27:28,440
that level we're trading back in this

629
00:27:26,480 --> 00:27:31,798
range we're starting to push above the

630
00:27:28,440 --> 00:27:36,679
trend line here let's go into the 3-day

631
00:27:31,798 --> 00:27:40,439
chart okay that to me is not a bearish

632
00:27:36,679 --> 00:27:42,959
structure for now okay that to me is a

633
00:27:40,440 --> 00:27:45,720
corrective structure a consolidation

634
00:27:42,960 --> 00:27:47,360
structure of multi months the fact that

635
00:27:45,720 --> 00:27:49,679
we've had one two three tests very

636
00:27:47,359 --> 00:27:53,439
similar to bitcoin and we're unable to

637
00:27:49,679 --> 00:27:55,959
break this low okay that's ideal buying

638
00:27:53,440 --> 00:27:58,799
opportunities at these lows okay as long

639
00:27:55,960 --> 00:28:01,879
as price is holding structure here

640
00:27:58,798 --> 00:28:04,318
now let me just bring back the trend

641
00:28:01,880 --> 00:28:06,639
scanner to give some context into

642
00:28:04,319 --> 00:28:10,198
this when you look at the

643
00:28:06,640 --> 00:28:12,798
weekly we have what have we done here

644
00:28:10,200 --> 00:28:16,559
okay somebody tell me in the chat What's

645
00:28:12,798 --> 00:28:16,557
Happening Here what are you

646
00:28:20,038 --> 00:28:26,238
seeing the 12 and the

647
00:28:22,640 --> 00:28:29,359
21 death crossed sorry the taller than

648
00:28:26,240 --> 00:28:30,558
25 death crossed price is now trading

649
00:28:29,359 --> 00:28:32,278
above the

650
00:28:30,558 --> 00:28:35,479
bands

651
00:28:32,278 --> 00:28:36,478
okay what's important for me which will

652
00:28:35,480 --> 00:28:38,200
give me the

653
00:28:36,480 --> 00:28:40,798
trigger

654
00:28:38,200 --> 00:28:42,640
is we've had the bare signal here but

655
00:28:40,798 --> 00:28:45,839
the minute this turns bullish it's not

656
00:28:42,640 --> 00:28:49,239
often that you get two signals that goes

657
00:28:45,839 --> 00:28:51,839
from bear to Bull back to bear and sells

658
00:28:49,240 --> 00:28:53,959
off you generally get one signal and

659
00:28:51,839 --> 00:28:55,557
then very quickly another signal which

660
00:28:53,960 --> 00:28:57,640
is generally the trend or the strength

661
00:28:55,558 --> 00:28:59,599
of the market Direction I'll show you an

662
00:28:57,640 --> 00:29:02,518
example that on the lower time frames

663
00:28:59,599 --> 00:29:05,719
but here's a classic example look in a

664
00:29:02,519 --> 00:29:07,240
bare Market this flashed bullish few

665
00:29:05,720 --> 00:29:09,840
weeks later back to bearish and

666
00:29:07,240 --> 00:29:13,518
continuation lower lower down okay so

667
00:29:09,839 --> 00:29:17,037
what I'm looking for is again price to

668
00:29:13,519 --> 00:29:18,640
hold this 1225 level and should it do

669
00:29:17,038 --> 00:29:20,917
that and should price pull back into

670
00:29:18,640 --> 00:29:24,080
here if Bitcoin does trade that 61k

671
00:29:20,919 --> 00:29:26,159
level or 62 you probably get a shallow

672
00:29:24,079 --> 00:29:28,678
pullback on altcoins and what you want

673
00:29:26,159 --> 00:29:30,519
to be focusing upon is altcoins that you

674
00:29:28,679 --> 00:29:32,119
believe look structurally good altcoins

675
00:29:30,519 --> 00:29:33,519
that have shown a level of strength

676
00:29:32,119 --> 00:29:35,719
you're looking for those pullbacks to

677
00:29:33,519 --> 00:29:38,240
continue playing the M momentum up and

678
00:29:35,720 --> 00:29:40,319
also cycle into those altcoins that look

679
00:29:38,240 --> 00:29:41,960
primed that eventually they will also

680
00:29:40,319 --> 00:29:43,638
have a run and there's so many examples

681
00:29:41,960 --> 00:29:44,839
out there that I probably won't get to

682
00:29:43,640 --> 00:29:46,798
cover it in stay stream because I want

683
00:29:44,839 --> 00:29:48,118
to keep this relatively short I just

684
00:29:46,798 --> 00:29:50,238
want to give you the high time frame

685
00:29:48,119 --> 00:29:52,319
context to think about to give you the

686
00:29:50,240 --> 00:29:54,398
confidence to take on some trades take

687
00:29:52,319 --> 00:29:56,719
on some positioning as long as the

688
00:29:54,398 --> 00:29:59,917
preconditions that I'm talking about

689
00:29:56,720 --> 00:30:01,840
hold and I'm it and that is I want to

690
00:29:59,919 --> 00:30:04,359
see price hold this level okay on a

691
00:30:01,839 --> 00:30:04,359
weekly time

692
00:30:06,960 --> 00:30:12,799
frame now let's look at the

693
00:30:10,398 --> 00:30:14,917
daily and again this is just another

694
00:30:12,798 --> 00:30:18,439
example that I want to uh go over with

695
00:30:14,919 --> 00:30:21,798
you guys um in terms of when I talk

696
00:30:18,440 --> 00:30:23,999
about signals okay weaknesses or

697
00:30:21,798 --> 00:30:26,479
strength I haven't really covered this

698
00:30:24,000 --> 00:30:30,240
in the past

699
00:30:26,480 --> 00:30:33,558
but when you have have

700
00:30:30,240 --> 00:30:37,079
structures that are bearish okay where

701
00:30:33,558 --> 00:30:38,878
prices swing fail the highs you've had

702
00:30:37,079 --> 00:30:41,558
an undd retest you can see you got the

703
00:30:38,880 --> 00:30:43,599
bull signal but look how

704
00:30:41,558 --> 00:30:45,718
shortlived the candles were in terms of

705
00:30:43,599 --> 00:30:49,118
green before they flipped to red and you

706
00:30:45,720 --> 00:30:52,519
saw that continuation of a selloff okay

707
00:30:49,119 --> 00:30:54,918
again look at the time duration of how

708
00:30:52,519 --> 00:30:58,879
shortlived price was in a bullish

709
00:30:54,919 --> 00:31:00,960
momentum compared to the overall Trend

710
00:30:58,880 --> 00:31:02,799
red you just get these pockets of green

711
00:31:00,960 --> 00:31:05,839
in a downtrend

712
00:31:02,798 --> 00:31:08,359
okay same again continuation low down

713
00:31:05,839 --> 00:31:12,398
another pocket of

714
00:31:08,359 --> 00:31:17,319
green followed by downtrend

715
00:31:12,398 --> 00:31:17,319
okay what you want to see is essentially

716
00:31:19,599 --> 00:31:25,118
where this is a classic example here

717
00:31:22,278 --> 00:31:26,879
okay watch what gives you strength in

718
00:31:25,119 --> 00:31:30,037
the signal when when it's quite noisy

719
00:31:26,880 --> 00:31:31,840
out there is you will get this low level

720
00:31:30,038 --> 00:31:34,079
compression price gives you a bull

721
00:31:31,839 --> 00:31:36,239
signal a bare signal very quickly turns

722
00:31:34,079 --> 00:31:38,878
bull there's your bull market there's

723
00:31:36,240 --> 00:31:41,879
your there's your bull run okay or an

724
00:31:38,880 --> 00:31:45,120
extension to the upside now look at the

725
00:31:41,880 --> 00:31:48,080
time duration of the period that we were

726
00:31:45,119 --> 00:31:50,319
in the red we were green flip red very

727
00:31:48,079 --> 00:31:52,397
quickly for a flip green continuation

728
00:31:50,319 --> 00:31:54,958
highight you're going to see this on a

729
00:31:52,398 --> 00:31:57,239
lot of altcoins right now where we are

730
00:31:54,960 --> 00:31:59,038
pay close attention to this that's the

731
00:31:57,240 --> 00:32:01,679
flip in momentum that you want to see on

732
00:31:59,038 --> 00:32:04,677
altcoins whether it's on the daily on

733
00:32:01,679 --> 00:32:06,799
the 3day and eventually probably not so

734
00:32:04,679 --> 00:32:10,240
much on the weekly but on the 3day

735
00:32:06,798 --> 00:32:14,479
certainly right now now looking at this

736
00:32:10,240 --> 00:32:18,200
we've had this extended leg up in the

737
00:32:14,480 --> 00:32:21,039
market period of red shorter period of

738
00:32:18,200 --> 00:32:23,398
green price sells off okay you can see

739
00:32:21,038 --> 00:32:25,238
sellers are in control of the market

740
00:32:23,398 --> 00:32:29,398
longer extended periods of Reds than

741
00:32:25,240 --> 00:32:31,679
greens okay now red a pop off green

742
00:32:29,398 --> 00:32:35,319
pulls back into red now we're getting an

743
00:32:31,679 --> 00:32:37,278
extension probably the first time over

744
00:32:35,319 --> 00:32:39,479
the best part of a few months that we

745
00:32:37,278 --> 00:32:42,319
are seeing some form of continuation up

746
00:32:39,480 --> 00:32:45,558
but what's important here is the fact

747
00:32:42,319 --> 00:32:47,277
that this is on the daily but if you

748
00:32:45,558 --> 00:32:49,798
look at the

749
00:32:47,278 --> 00:32:51,119
weekly the weekly flip bearish here if

750
00:32:49,798 --> 00:32:54,397
this is bullish I want to see these

751
00:32:51,119 --> 00:32:56,397
bands cross back up and this signal a bu

752
00:32:54,398 --> 00:32:58,199
condition any pullback you've got to go

753
00:32:56,398 --> 00:33:01,878
with the trends you have you have to go

754
00:32:58,200 --> 00:33:04,398
with a trend until you lose that level

755
00:33:01,880 --> 00:33:07,200
okay think about that I don't talk about

756
00:33:04,398 --> 00:33:10,037
that very often but think about what the

757
00:33:07,200 --> 00:33:12,600
signals are actually telling you the

758
00:33:10,038 --> 00:33:14,759
choppiness the flipping of ball to Bear

759
00:33:12,599 --> 00:33:16,637
ball to bear bear to ball back and forth

760
00:33:14,759 --> 00:33:18,879
okay on the lower time

761
00:33:16,638 --> 00:33:20,118
frames but then looking at the high time

762
00:33:18,880 --> 00:33:23,320
frame

763
00:33:20,119 --> 00:33:25,838
context right when you look at

764
00:33:23,319 --> 00:33:28,198
Price look at the look at the period of

765
00:33:25,839 --> 00:33:31,917
red that we've had in terms of the the

766
00:33:28,200 --> 00:33:34,480
the 1225 I keep calling it 1221 it's a

767
00:33:31,919 --> 00:33:37,199
1225 very very shortlived and it could

768
00:33:34,480 --> 00:33:39,199
potentially flip green again so

769
00:33:37,200 --> 00:33:40,320
corrective pattern if this gets

770
00:33:39,200 --> 00:33:42,240
continuation

771
00:33:40,319 --> 00:33:43,517
higher then you really want to thought

772
00:33:42,240 --> 00:33:45,119
start thinking about positioning into

773
00:33:43,519 --> 00:33:48,519
altcoins okay and you haven't missed out

774
00:33:45,119 --> 00:33:48,518
much it's still very very

775
00:33:48,880 --> 00:33:54,200
early okay is that clear

776
00:33:59,038 --> 00:34:04,238
now I just want to give you one final

777
00:34:01,159 --> 00:34:05,519
Food For Thought which is price

778
00:34:04,240 --> 00:34:08,240
structure I want you to think about

779
00:34:05,519 --> 00:34:08,240
price structure

780
00:34:08,719 --> 00:34:13,318
now when you look at ethereum I want to

781
00:34:11,760 --> 00:34:15,559
ask a question to the audience and this

782
00:34:13,320 --> 00:34:16,879
is probably the last chart I'm going to

783
00:34:15,559 --> 00:34:19,519
focus on we will have another session

784
00:34:16,878 --> 00:34:21,878
over the weekend uh where I think setups

785
00:34:19,519 --> 00:34:26,078
will become evidently

786
00:34:21,878 --> 00:34:26,078
clearer when you look at this structure

787
00:34:26,398 --> 00:34:29,798
here tell me tell me what you're

788
00:34:28,119 --> 00:34:31,519
thinking in the chat I'd like to see

789
00:34:29,800 --> 00:34:33,598
some comments please look we're in this

790
00:34:31,519 --> 00:34:35,398
range

791
00:34:33,599 --> 00:34:37,999
okay but what do you think of this

792
00:34:35,398 --> 00:34:42,558
current structure here does this look

793
00:34:38,000 --> 00:34:42,559
ready to go higher on the weekly time

794
00:34:44,519 --> 00:34:49,479
frame or are we likely to see further

795
00:34:47,000 --> 00:34:52,679
consolidation for the next several weeks

796
00:34:49,480 --> 00:34:52,678
at this region what are you

797
00:34:55,519 --> 00:35:02,278
thinking needs more time

798
00:34:58,800 --> 00:35:05,078
retest the laws potentially yeah could

799
00:35:02,280 --> 00:35:08,159
do may not

800
00:35:05,079 --> 00:35:10,1000
right but would you say given the

801
00:35:08,159 --> 00:35:12,639
current conditions that you are in

802
00:35:11,000 --> 00:35:14,079
looking at the market sentiment looking

803
00:35:12,639 --> 00:35:17,158
at the macro

804
00:35:14,079 --> 00:35:19,880
sentiment looking at this revived

805
00:35:17,159 --> 00:35:24,117
stimulation of

806
00:35:19,880 --> 00:35:24,118
liquidity picking up heading into

807
00:35:25,358 --> 00:35:30,758
Q4 are we likely to just sell from here

808
00:35:28,920 --> 00:35:33,799
bounce and then continue lower

809
00:35:30,760 --> 00:35:36,399
down or is this the first significant

810
00:35:33,800 --> 00:35:38,559
correction that we've had since we broke

811
00:35:36,400 --> 00:35:40,598
out of this one and a half year range we

812
00:35:38,559 --> 00:35:43,719
rallied we've come back to retest the

813
00:35:40,599 --> 00:35:43,720
previous range

814
00:35:44,079 --> 00:35:47,880
consolidation okay so I'm trying to be

815
00:35:46,280 --> 00:35:50,520
objective here and I don't see the

816
00:35:47,880 --> 00:35:51,1000
purpose in being bearish I was oh I

817
00:35:50,519 --> 00:35:53,999
don't like to use the word bearish okay

818
00:35:52,000 --> 00:35:55,599
but I was very very cautious back in

819
00:35:54,000 --> 00:35:57,759
April I I talked about this on the

820
00:35:55,599 --> 00:36:00,358
timeline back in March April uh I

821
00:35:57,760 --> 00:36:02,279
remember cashing G of ethereum at 3600 I

822
00:36:00,358 --> 00:36:05,318
opened some shorts okay we caught the

823
00:36:02,280 --> 00:36:07,959
long move up okay when we got that

824
00:36:05,318 --> 00:36:10,718
massive two three day candle in ethereum

825
00:36:07,960 --> 00:36:11,1000
which kind of ripped high okay but like

826
00:36:10,719 --> 00:36:13,598
I said it was just at these range highs

827
00:36:12,000 --> 00:36:15,640
into that Supply Zone here look at this

828
00:36:13,599 --> 00:36:18,079
there's your Range High so we are still

829
00:36:15,639 --> 00:36:20,118
contained within the

830
00:36:18,079 --> 00:36:22,838
range but what I really want you to

831
00:36:20,119 --> 00:36:24,039
think about if you're if you have fear

832
00:36:22,838 --> 00:36:26,679
of missing out and you think you've

833
00:36:24,039 --> 00:36:29,039
missed the altcoin bottom is that there

834
00:36:26,679 --> 00:36:32,078
still so much UPS left ahead of you okay

835
00:36:29,039 --> 00:36:35,077
just calm down Don't Panic it's good

836
00:36:32,079 --> 00:36:36,800
okay structural shifts take time it's

837
00:36:35,079 --> 00:36:40,399
like a slow turning

838
00:36:36,800 --> 00:36:43,118
tide this isn't in my opinion for now

839
00:36:40,400 --> 00:36:44,400
okay and I could be wrong I don't think

840
00:36:43,119 --> 00:36:45,800
this is going to be reverse all the way

841
00:36:44,400 --> 00:36:48,760
back

842
00:36:45,800 --> 00:36:50,240
up and I think there's a possibility

843
00:36:48,760 --> 00:36:52,599
again I'm looking to be a buyer not so

844
00:36:50,239 --> 00:36:54,719
much of ethereum but I use ethereum as a

845
00:36:52,599 --> 00:36:57,118
proxy to think about altcoins that we

846
00:36:54,719 --> 00:36:58,679
might just see one more pull back into

847
00:36:57,119 --> 00:37:00,639
this level

848
00:36:58,679 --> 00:37:02,799
that may give you a bigger base from

849
00:37:00,639 --> 00:37:05,118
which price pushes on back to the range

850
00:37:02,800 --> 00:37:07,439
highs

851
00:37:05,119 --> 00:37:09,279
okay I'm open to this possibility I'm

852
00:37:07,440 --> 00:37:10,359
not saying it's going to happen but if

853
00:37:09,280 --> 00:37:12,440
this does happen I think you're going to

854
00:37:10,358 --> 00:37:14,078
see a level of fear oh no like

855
00:37:12,440 --> 00:37:16,760
ethereum's breaking down bitcoin's

856
00:37:14,079 --> 00:37:19,200
trading lower down [ __ ] you know I I I

857
00:37:16,760 --> 00:37:20,599
think you've got to go with the with a

858
00:37:19,199 --> 00:37:22,598
possibility that this could present a

859
00:37:20,599 --> 00:37:24,039
very good buying opportunity as long as

860
00:37:22,599 --> 00:37:25,559
these lows hold okay you've got to take

861
00:37:24,039 --> 00:37:27,598
that risk the risk reward is so good

862
00:37:25,559 --> 00:37:28,878
there because you have a a very clear

863
00:37:27,599 --> 00:37:31,919
validation level unless something

864
00:37:28,880 --> 00:37:33,479
changes geopolitically or or macro wise

865
00:37:31,920 --> 00:37:36,200
okay now what I would you to really

866
00:37:33,480 --> 00:37:38,480
think about as well

867
00:37:36,199 --> 00:37:40,317
is can you see a similar structure on

868
00:37:38,480 --> 00:37:41,079
the chart anywhere else if you look back

869
00:37:40,318 --> 00:37:43,718
in

870
00:37:41,079 --> 00:37:48,160
time look at what happened here where

871
00:37:43,719 --> 00:37:51,118
was the highs it was at $4,000 $4,000

872
00:37:48,159 --> 00:37:53,357
$4,000 okay price sells off

873
00:37:51,119 --> 00:37:55,279
significantly sells off significantly

874
00:37:53,358 --> 00:37:58,598
okay didn't [ __ ] about straight to that

875
00:37:55,280 --> 00:38:00,159
level rallied up to where 20 700s

876
00:37:58,599 --> 00:38:02,319
rallied up to where if you just drag

877
00:38:00,159 --> 00:38:04,798
this across the line

878
00:38:02,318 --> 00:38:08,478
whoops into that similar Zone and what

879
00:38:04,800 --> 00:38:10,719
did price then do printed another low

880
00:38:08,480 --> 00:38:14,079
you have three Taps here we've already

881
00:38:10,719 --> 00:38:16,638
had one push down two okay price then

882
00:38:14,079 --> 00:38:19,519
gives a shallow rally is this

883
00:38:16,639 --> 00:38:21,679
another lower high into an equal set of

884
00:38:19,519 --> 00:38:23,879
lows is this another lower high into an

885
00:38:21,679 --> 00:38:25,558
equal set of lows and then you get the

886
00:38:23,880 --> 00:38:27,920
pushup okay so that could be on the

887
00:38:25,559 --> 00:38:30,198
cards I think should that happen I will

888
00:38:27,920 --> 00:38:31,719
be looking to become a buyer but we'll

889
00:38:30,199 --> 00:38:33,598
see what happens closer to the time so

890
00:38:31,719 --> 00:38:35,879
again just that's what I want you to

891
00:38:33,599 --> 00:38:37,720
think about is price is context the very

892
00:38:35,880 --> 00:38:39,078
first thing I said before I started

893
00:38:37,719 --> 00:38:41,038
looking at the ethereum chart look at

894
00:38:39,079 --> 00:38:42,920
the context look at the structures

895
00:38:41,039 --> 00:38:44,918
forget everything else forget the levels

896
00:38:42,920 --> 00:38:47,359
just look at the possible structures

897
00:38:44,920 --> 00:38:48,920
that may play out understand what price

898
00:38:47,358 --> 00:38:51,678
might be doing and what it needs to do

899
00:38:48,920 --> 00:38:54,519
to turn around what you need to see okay

900
00:38:51,679 --> 00:38:58,959
now when you bring in the macro Trend

901
00:38:54,519 --> 00:39:00,719
scanner ethereum does look suspect in

902
00:38:58,960 --> 00:39:03,280
comparison to Total two and total three

903
00:39:00,719 --> 00:39:04,598
on the other RS it has it has been in

904
00:39:03,280 --> 00:39:08,119
inherently

905
00:39:04,599 --> 00:39:08,119
weaker than the other

906
00:39:10,880 --> 00:39:14,118
altcoins so now when you drop onto the

907
00:39:13,039 --> 00:39:16,639
3day

908
00:39:14,119 --> 00:39:18,439
chart we we we've just reverted back

909
00:39:16,639 --> 00:39:21,639
into the band that's your resistance

910
00:39:18,440 --> 00:39:24,760
there okay we are still in a period of

911
00:39:21,639 --> 00:39:27,518
red this is not an uptrend just yet for

912
00:39:24,760 --> 00:39:32,599
me this is a correction the formation of

913
00:39:27,519 --> 00:39:34,837
a base which key word right keyw here

914
00:39:32,599 --> 00:39:37,079
may just give a pullback I don't know

915
00:39:34,838 --> 00:39:39,278
where to it may come down to retest the

916
00:39:37,079 --> 00:39:41,079
lows again ideally I wouldn't want to

917
00:39:39,280 --> 00:39:42,920
see that because if that does happen

918
00:39:41,079 --> 00:39:45,239
that obviously mean Bitcoin has to trade

919
00:39:42,920 --> 00:39:47,838
significantly lower below the 61 60k

920
00:39:45,239 --> 00:39:50,399
level so if Bitcoin trades 60

921
00:39:47,838 --> 00:39:54,519
61k then where does ethereum pull back

922
00:39:50,400 --> 00:39:57,520
into 2400 23s 22s okay and then gives a

923
00:39:54,519 --> 00:39:57,519
reversal

924
00:39:57,679 --> 00:40:02,078
okay that's

925
00:39:59,760 --> 00:40:03,960
that's what I'm thinking in this

926
00:40:02,079 --> 00:40:06,279
instance you have this consolidation of

927
00:40:03,960 --> 00:40:08,559
a structure price trends up

928
00:40:06,280 --> 00:40:11,799
consolidation price

929
00:40:08,559 --> 00:40:14,278
rallies aggressive selloff

930
00:40:11,800 --> 00:40:16,599
bounces back into the lows shallow

931
00:40:14,280 --> 00:40:18,760
bounce into the bands back again

932
00:40:16,599 --> 00:40:21,480
compression of the Bands there's your

933
00:40:18,760 --> 00:40:22,800
bll signal price goes back to the highs

934
00:40:21,480 --> 00:40:25,040
are we going to see something similar

935
00:40:22,800 --> 00:40:26,760
compression of the Bands price pulls

936
00:40:25,039 --> 00:40:28,999
back then you get the break up higher

937
00:40:26,760 --> 00:40:32,800
into four ,000

938
00:40:29,000 --> 00:40:34,839
okay yeah if BTC looks questionable

939
00:40:32,800 --> 00:40:36,440
still I mean it's still in a downtrend

940
00:40:34,838 --> 00:40:37,679
but does that make sense do you

941
00:40:36,440 --> 00:40:39,480
understand what I mean now by structure

942
00:40:37,679 --> 00:40:43,078
and context before you look at anything

943
00:40:39,480 --> 00:40:45,399
else okay think about how it takes time

944
00:40:43,079 --> 00:40:48,200
for the tie to turn especially after

945
00:40:45,400 --> 00:40:51,440
selloff when you look at the daily we've

946
00:40:48,199 --> 00:40:54,798
just flipped bullish okay

947
00:40:51,440 --> 00:40:57,640
now like I said if and it's a big

948
00:40:54,800 --> 00:41:01,078
question if if this is short lived and

949
00:40:57,639 --> 00:41:02,438
it flips back into a bare signal then

950
00:41:01,079 --> 00:41:04,079
that opens the probability that we're

951
00:41:02,440 --> 00:41:05,839
going to trade somewhere back into this

952
00:41:04,079 --> 00:41:07,358
region and if that happens you're

953
00:41:05,838 --> 00:41:10,278
probably going to get get that pullback

954
00:41:07,358 --> 00:41:12,518
on altcoins over the coming weeks okay

955
00:41:10,280 --> 00:41:14,720
if that happens if Bitcoin just gives a

956
00:41:12,519 --> 00:41:16,519
shallow pullback then you might just get

957
00:41:14,719 --> 00:41:19,159
2450 before you start seeing

958
00:41:16,519 --> 00:41:21,438
continuation up to 2000 if we get below

959
00:41:19,159 --> 00:41:23,078
the Bands then you've got to be at

960
00:41:21,440 --> 00:41:25,040
you've got to be targeting these lows

961
00:41:23,079 --> 00:41:26,880
here may not print a new low but you've

962
00:41:25,039 --> 00:41:28,118
got to be looking for this Zone here to

963
00:41:26,880 --> 00:41:30,520
to be thinking about buying into

964
00:41:28,119 --> 00:41:32,479
altcoins and potentially if you wish to

965
00:41:30,519 --> 00:41:34,999
position into ethereum a position into

966
00:41:32,480 --> 00:41:38,199
ethereum looking for that bounce back up

967
00:41:35,000 --> 00:41:40,519
okay that if sellers can't force this

968
00:41:38,199 --> 00:41:42,357
lower down and they get absorbed then I

969
00:41:40,519 --> 00:41:45,398
think there's a good chance of reversal

970
00:41:42,358 --> 00:41:46,718
back up at least into that 3200 level

971
00:41:45,400 --> 00:41:49,040
that to me is going to be a fantastic

972
00:41:46,719 --> 00:41:49,038
trading

973
00:41:50,119 --> 00:41:56,519
setup all right and when you look at the

974
00:41:52,480 --> 00:41:59,440
stock on the uh on the weekly again do

975
00:41:56,519 --> 00:42:02,559
you really want be short in this

976
00:41:59,440 --> 00:42:04,839
market I'm not so sure okay I'd much

977
00:42:02,559 --> 00:42:07,959
rather be looking for longs to the

978
00:42:04,838 --> 00:42:09,799
upside okay let let this play out to be

979
00:42:07,960 --> 00:42:11,799
a corrective structure a structure

980
00:42:09,800 --> 00:42:13,800
that's going to take time to build a

981
00:42:11,800 --> 00:42:17,920
base I don't think it's going to be a v

982
00:42:13,800 --> 00:42:20,719
v reversal because we haven't really

983
00:42:17,920 --> 00:42:22,838
had any significant continuation that we

984
00:42:20,719 --> 00:42:24,799
should have if this was the uh the

985
00:42:22,838 --> 00:42:27,557
effects of the yend carrier trade and

986
00:42:24,800 --> 00:42:28,719
this was an event driven selloff then I

987
00:42:27,559 --> 00:42:30,959
don't think we would have been [ __ ]

988
00:42:28,719 --> 00:42:33,438
around here for this many weeks so you

989
00:42:30,960 --> 00:42:35,160
know again looking to become a buyer

990
00:42:33,440 --> 00:42:37,520
don't want to fade this oscillating at

991
00:42:35,159 --> 00:42:39,078
the lows possibly if you look at the RSI

992
00:42:37,519 --> 00:42:43,438
it's probably hovering under the 50 or

993
00:42:39,079 --> 00:42:45,279
at the 50 level yeah so again once this

994
00:42:43,440 --> 00:42:46,680
starts Crossing above 50 you want to go

995
00:42:45,280 --> 00:42:48,1000
with the strength you don't want to be

996
00:42:46,679 --> 00:42:50,919
fading this and looking for shorts into

997
00:42:49,000 --> 00:42:52,839
here okay day trade fine if you want to

998
00:42:50,920 --> 00:42:57,118
do that I'm talking more about high time

999
00:42:52,838 --> 00:42:57,118
frame just give me one second guys

1000
00:43:24,318 --> 00:43:27,679
okay any questions around that I'm not

1001
00:43:26,440 --> 00:43:31,959
going to cover all I think I've been on

1002
00:43:27,679 --> 00:43:35,358
stream for 40 40 nearly 50 minutes so

1003
00:43:31,960 --> 00:43:35,359
you should kind of get the gist

1004
00:43:37,639 --> 00:43:41,398
okay but understand what price is

1005
00:43:39,679 --> 00:43:43,357
telling you understand what positioning

1006
00:43:41,400 --> 00:43:46,039
is telling you understand what

1007
00:43:43,358 --> 00:43:48,318
structures you need to see

1008
00:43:46,039 --> 00:43:49,798
develop go back and test how many times

1009
00:43:48,318 --> 00:43:51,198
you see structures like this just V

1010
00:43:49,800 --> 00:43:54,319
reverse from this point you've got to

1011
00:43:51,199 --> 00:43:55,918
see a bigger kind of a base building and

1012
00:43:54,318 --> 00:43:57,838
I think then you see continue for for

1013
00:43:55,920 --> 00:43:59,040
there a chance to be a real good

1014
00:43:57,838 --> 00:44:00,238
continuation High let's look at some

1015
00:43:59,039 --> 00:44:02,719
altcoins I'm just going to look at one

1016
00:44:00,239 --> 00:44:04,439
two altcoins say is one of my favorites

1017
00:44:02,719 --> 00:44:07,078
I've covered it on the timeline several

1018
00:44:04,440 --> 00:44:09,279
times and again when you look at this

1019
00:44:07,079 --> 00:44:10,559
this is a much better better example of

1020
00:44:09,280 --> 00:44:13,480
strength in the

1021
00:44:10,559 --> 00:44:16,520
market right where you've had this

1022
00:44:13,480 --> 00:44:18,399
downtrend into demand one two 3 four

1023
00:44:16,519 --> 00:44:21,238
five tests I think I covered this did I

1024
00:44:18,400 --> 00:44:23,558
cover this on stream last week but

1025
00:44:21,239 --> 00:44:26,719
beautiful very very very happy with this

1026
00:44:23,559 --> 00:44:28,480
trade okay stepped in at 27 28s I'm

1027
00:44:26,719 --> 00:44:30,558
holding my spot I've taken some off my

1028
00:44:28,480 --> 00:44:33,079
Futures position captured a fairly

1029
00:44:30,559 --> 00:44:34,879
decent move on Futures account okay now

1030
00:44:33,079 --> 00:44:38,239
we are into that level of contention

1031
00:44:34,880 --> 00:44:42,200
here and like I said Say Say often lag

1032
00:44:38,239 --> 00:44:43,719
so okay but again Cas study you you

1033
00:44:42,199 --> 00:44:46,118
don't have to be a genius in this market

1034
00:44:43,719 --> 00:44:48,278
you just got into some

1035
00:44:46,119 --> 00:44:51,760
structures and again when you just use

1036
00:44:48,280 --> 00:44:54,839
the example of the Bands here

1037
00:44:51,760 --> 00:44:56,359
um look at this classic example of what

1038
00:44:54,838 --> 00:44:57,758
I just talked about this is what you

1039
00:44:56,358 --> 00:45:00,039
want to see

1040
00:44:57,760 --> 00:45:03,920
on alt coins

1041
00:45:00,039 --> 00:45:06,117
okay question number one what is the

1042
00:45:03,920 --> 00:45:08,920
trajectory of velocity of the Bands

1043
00:45:06,119 --> 00:45:12,160
telling you okay are they going is this

1044
00:45:08,920 --> 00:45:12,160
going sideways or is it going

1045
00:45:14,159 --> 00:45:19,279
down and look at the velocity and the

1046
00:45:16,679 --> 00:45:21,438
trajectory of Price look at this on the

1047
00:45:19,280 --> 00:45:21,440
way

1048
00:45:22,239 --> 00:45:27,199
up do you want to be fading this

1049
00:45:24,480 --> 00:45:29,800
momentum

1050
00:45:27,199 --> 00:45:33,479
not really

1051
00:45:29,800 --> 00:45:37,479
okay and then step number two

1052
00:45:33,480 --> 00:45:40,520
is when you look at

1053
00:45:37,480 --> 00:45:42,239
Price across the board and you see this

1054
00:45:40,519 --> 00:45:45,557
type of

1055
00:45:42,239 --> 00:45:47,357
structure how the [ __ ] is this

1056
00:45:45,559 --> 00:45:50,440
bullish you

1057
00:45:47,358 --> 00:45:54,159
spent half your try trying to short [ __ ]

1058
00:45:50,440 --> 00:45:55,999
like this you finally give up you switch

1059
00:45:54,159 --> 00:45:58,998
long into distribution when price is

1060
00:45:56,000 --> 00:46:00,318
starting to go side ways as indicated by

1061
00:45:59,000 --> 00:46:02,520
the bands and now you're trying to

1062
00:46:00,318 --> 00:46:04,758
[ __ ] long the market you're looking

1063
00:46:02,519 --> 00:46:07,358
for a price to go to three four5 at this

1064
00:46:04,760 --> 00:46:10,639
point the fact that you've now

1065
00:46:07,358 --> 00:46:12,798
essentially got a range here and you've

1066
00:46:10,639 --> 00:46:15,398
got another swing High over

1067
00:46:12,800 --> 00:46:17,479
here okay if this was bullish this level

1068
00:46:15,400 --> 00:46:21,558
should have held swing fill this Clos

1069
00:46:17,480 --> 00:46:22,920
back inside trade support unide retest

1070
00:46:21,559 --> 00:46:25,719
but what remember what I told you

1071
00:46:22,920 --> 00:46:27,960
earlier bear flips into bull very very

1072
00:46:25,719 --> 00:46:30,318
quickly continuation higher this is

1073
00:46:27,960 --> 00:46:33,160
bearish flips into bullish but look at

1074
00:46:30,318 --> 00:46:36,159
that very very short period of being

1075
00:46:33,159 --> 00:46:37,678
bullish flips back to being bearish

1076
00:46:36,159 --> 00:46:39,998
that's where you know structurally this

1077
00:46:37,679 --> 00:46:41,999
is this this is a course of concern and

1078
00:46:40,000 --> 00:46:43,720
we're likely to trade into lower down

1079
00:46:42,000 --> 00:46:45,759
and the rest is history right but what I

1080
00:46:43,719 --> 00:46:47,598
want you to think about forget that now

1081
00:46:45,760 --> 00:46:49,119
that that's probably a future lesson for

1082
00:46:47,599 --> 00:46:51,079
thinking about how to take profits we'll

1083
00:46:49,119 --> 00:46:53,160
come back to that later if we get a a

1084
00:46:51,079 --> 00:46:55,598
fairly extensive rally in

1085
00:46:53,159 --> 00:46:57,998
altcoins now look at this price has come

1086
00:46:55,599 --> 00:47:01,799
down okay on let let's go back to the uh

1087
00:46:58,000 --> 00:47:01,799
3-day chart or in fact we'll say on The

1088
00:47:02,119 --> 00:47:09,279
Daily Find supports okay you need to see

1089
00:47:05,440 --> 00:47:11,119
a range develop this is your swing low

1090
00:47:09,280 --> 00:47:13,839
this is your swing high this is going to

1091
00:47:11,119 --> 00:47:17,559
be your defined probable range as long

1092
00:47:13,838 --> 00:47:19,597
as it slow holds let's run It

1093
00:47:17,559 --> 00:47:21,439
Forward look at the trajectory of the

1094
00:47:19,599 --> 00:47:23,079
Bands here and then watch the trajectory

1095
00:47:21,440 --> 00:47:26,520
of the Bands

1096
00:47:23,079 --> 00:47:28,960
here see that slow down in Pace look at

1097
00:47:26,519 --> 00:47:31,759
the angle of elevation and look at the

1098
00:47:28,960 --> 00:47:33,400
angle of elevation now watch price cross

1099
00:47:31,760 --> 00:47:36,519
over and under the over and under the

1100
00:47:33,400 --> 00:47:38,800
bands okay you got a bare signal there

1101
00:47:36,519 --> 00:47:42,278
into the lows look at this lack of

1102
00:47:38,800 --> 00:47:44,280
selling look at the lack of volume okay

1103
00:47:42,280 --> 00:47:47,879
price is down significantly from the

1104
00:47:44,280 --> 00:47:50,440
highs of 115 into 26 and the reason I'm

1105
00:47:47,880 --> 00:47:52,359
covering this because you will see the

1106
00:47:50,440 --> 00:47:55,480
same structure on altcoins that are

1107
00:47:52,358 --> 00:47:56,999
lagging that have yet to run okay you

1108
00:47:55,480 --> 00:47:59,079
should be able to Define very good set

1109
00:47:57,000 --> 00:48:00,879
up some projects that are fundamentally

1110
00:47:59,079 --> 00:48:03,519
sound or meme

1111
00:48:00,880 --> 00:48:05,399
coins what I'm looking for here is there

1112
00:48:03,519 --> 00:48:07,118
there's many ways you can map this out

1113
00:48:05,400 --> 00:48:10,079
first of all you've

1114
00:48:07,119 --> 00:48:11,800
got a possible trend line break okay you

1115
00:48:10,079 --> 00:48:13,599
want to see a breaking trend line

1116
00:48:11,800 --> 00:48:16,280
whether it's this point or whether it's

1117
00:48:13,599 --> 00:48:19,358
somewhere from up here

1118
00:48:16,280 --> 00:48:22,720
okay second point is let me just clean

1119
00:48:19,358 --> 00:48:22,719
up the chart sorry just give me one

1120
00:48:23,760 --> 00:48:28,760
second there's your consolidation Zone

1121
00:48:26,159 --> 00:48:28,759
okay

1122
00:48:29,079 --> 00:48:34,200
we this is a downtrend okay we're

1123
00:48:31,358 --> 00:48:36,878
starting to develop a form of a range

1124
00:48:34,199 --> 00:48:39,718
here we've got a bu uh we've got a bull

1125
00:48:36,880 --> 00:48:42,799
cross okay back into a

1126
00:48:39,719 --> 00:48:45,278
bear into this key demand Zone price is

1127
00:48:42,800 --> 00:48:47,599
retrace all this inefficiency

1128
00:48:45,280 --> 00:48:50,839
here what I'm looking for now at this

1129
00:48:47,599 --> 00:48:53,640
point is that one we're we're at the

1130
00:48:50,838 --> 00:48:57,238
range lows

1131
00:48:53,639 --> 00:49:00,597
okay this is my swing low

1132
00:48:57,239 --> 00:49:03,519
this is my key swing Range High over

1133
00:49:00,599 --> 00:49:05,799
here that's the range I'm working with I

1134
00:49:03,519 --> 00:49:07,719
want to see sideways price action to

1135
00:49:05,798 --> 00:49:09,798
continue or to think about building a

1136
00:49:07,719 --> 00:49:13,078
position

1137
00:49:09,798 --> 00:49:15,519
here bull bear bull see

1138
00:49:13,079 --> 00:49:16,479
that that three toggle switch whatever

1139
00:49:15,519 --> 00:49:18,719
you want to call it I don't know what

1140
00:49:16,480 --> 00:49:20,480
the [ __ ] to call it but went from

1141
00:49:18,719 --> 00:49:22,478
bullish quickly into bearish back into

1142
00:49:20,480 --> 00:49:24,160
bullish expansion to the

1143
00:49:22,480 --> 00:49:26,999
upside that's what you want to be

1144
00:49:24,159 --> 00:49:29,678
looking out for on altcoins okay go to

1145
00:49:27,000 --> 00:49:31,240
the 3day what do we have the bands are

1146
00:49:29,679 --> 00:49:34,999
starting to compress look at that

1147
00:49:31,239 --> 00:49:34,998
curvature we're still not

1148
00:49:35,119 --> 00:49:42,599
out of this range at this present point

1149
00:49:39,159 --> 00:49:44,558
in time this is on the 21st of

1150
00:49:42,599 --> 00:49:46,479
September but you want to start seeing

1151
00:49:44,559 --> 00:49:48,719
the expansion and shift in structure

1152
00:49:46,480 --> 00:49:51,199
have we broken structure yet have we

1153
00:49:48,719 --> 00:49:53,438
created a higher high we've got a higher

1154
00:49:51,199 --> 00:49:54,638
low at this point doesn't mean [ __ ]

1155
00:49:53,440 --> 00:49:56,1000
because we haven't got a higher high

1156
00:49:54,639 --> 00:49:58,879
just [ __ ]

1157
00:49:57,000 --> 00:50:00,798
now we've got our high high okay so

1158
00:49:58,880 --> 00:50:01,1000
again when you look at this from this

1159
00:50:00,798 --> 00:50:04,198
point of view we've pushed above the

1160
00:50:02,000 --> 00:50:05,680
bands okay we're into this first

1161
00:50:04,199 --> 00:50:09,558
significant level of

1162
00:50:05,679 --> 00:50:11,318
Sr you go to the 3-day chart now look at

1163
00:50:09,559 --> 00:50:13,280
the band's developing the momentum is

1164
00:50:11,318 --> 00:50:15,039
Shifting here you really want to be

1165
00:50:13,280 --> 00:50:17,799
thinking about pullbacks and remember

1166
00:50:15,039 --> 00:50:20,918
what I said that

1167
00:50:17,798 --> 00:50:22,679
when sellers are exhausted and the books

1168
00:50:20,920 --> 00:50:24,279
are very very thin it's not going to

1169
00:50:22,679 --> 00:50:27,039
take a great deal of volume to push

1170
00:50:24,280 --> 00:50:29,919
price higher and you want to be latching

1171
00:50:27,039 --> 00:50:32,117
on to any pullbacks now with a bit of an

1172
00:50:29,920 --> 00:50:34,679
aggression you've got your invalidation

1173
00:50:32,119 --> 00:50:36,680
now at these lows here should price pull

1174
00:50:34,679 --> 00:50:39,557
back into

1175
00:50:36,679 --> 00:50:41,879
3233 and holds and pushes on I'm looking

1176
00:50:39,559 --> 00:50:43,358
to continue longing this on my Futures

1177
00:50:41,880 --> 00:50:46,359
account whilst I'm maintain my spot

1178
00:50:43,358 --> 00:50:46,358
position

1179
00:50:47,760 --> 00:50:52,359
okay Trader XO you miss a macro bottom

1180
00:50:50,239 --> 00:50:52,358
in

1181
00:50:52,798 --> 00:50:57,557
20122 yeah but I also short to the top

1182
00:50:55,480 --> 00:51:00,239
into the bottom but like I said it

1183
00:50:57,559 --> 00:51:01,599
doesn't really matter I'm I'm going to

1184
00:51:00,239 --> 00:51:03,279
I'm not going to get every top and

1185
00:51:01,599 --> 00:51:06,680
bottom I think people obsess with tops

1186
00:51:03,280 --> 00:51:08,318
and bottoms too much and um I made it

1187
00:51:06,679 --> 00:51:11,159
very very clear to answer your question

1188
00:51:08,318 --> 00:51:12,678
look I think it's a good point and it

1189
00:51:11,159 --> 00:51:14,159
doesn't bother me it doesn't piss me off

1190
00:51:12,679 --> 00:51:16,598
I just wish people would actually

1191
00:51:14,159 --> 00:51:19,159
understand um that you need to lose this

1192
00:51:16,599 --> 00:51:21,680
Fascination about nailing the absolute

1193
00:51:19,159 --> 00:51:23,718
bottom or I was bearish at the bottom

1194
00:51:21,679 --> 00:51:26,879
let's put some records straight first of

1195
00:51:23,719 --> 00:51:29,159
all I was short from here okay I tra all

1196
00:51:26,880 --> 00:51:31,200
the way down into this level 18K I

1197
00:51:29,159 --> 00:51:32,518
called it a day I did not not know I

1198
00:51:31,199 --> 00:51:35,558
didn't know that FTX was going to

1199
00:51:32,519 --> 00:51:38,158
implode right so obviously I'm cautious

1200
00:51:35,559 --> 00:51:40,839
now you tell me right that again I'll

1201
00:51:38,159 --> 00:51:44,317
give you two examples here this is what

1202
00:51:40,838 --> 00:51:46,399
two one from June 2022 through to

1203
00:51:44,318 --> 00:51:48,879
October uh

1204
00:51:46,400 --> 00:51:52,358
2023 I've traded this range several

1205
00:51:48,880 --> 00:51:54,759
times Longs and shorts okay into the mid

1206
00:51:52,358 --> 00:51:56,638
shorts into the mid I didn't short at

1207
00:51:54,760 --> 00:51:58,078
the mid

1208
00:51:56,639 --> 00:52:00,279
clearly look at my

1209
00:51:58,079 --> 00:52:02,519
streams people find it hard to

1210
00:52:00,280 --> 00:52:06,159
understand but had I bought spot out

1211
00:52:02,519 --> 00:52:08,038
right here versus trading price okay

1212
00:52:06,159 --> 00:52:10,838
took some Longs took some

1213
00:52:08,039 --> 00:52:13,558
shorts my net gain was Far significant

1214
00:52:10,838 --> 00:52:16,158
trading this range than had I traded

1215
00:52:13,559 --> 00:52:18,400
just spot price okay that's my point and

1216
00:52:16,159 --> 00:52:20,118
the same is very applicable here okay

1217
00:52:18,400 --> 00:52:22,239
I've had very little spot explosure

1218
00:52:20,119 --> 00:52:24,838
during these last several months yet

1219
00:52:22,239 --> 00:52:27,998
I've openly shared my thoughts all the

1220
00:52:24,838 --> 00:52:29,879
way from January with uh uh Trader

1221
00:52:28,000 --> 00:52:32,679
orders and flow we we longed this we

1222
00:52:29,880 --> 00:52:35,679
talked about this shared the setup

1223
00:52:32,679 --> 00:52:37,919
longed into new highs long this long

1224
00:52:35,679 --> 00:52:40,358
this and this and then 54 last week or

1225
00:52:37,920 --> 00:52:44,319
the week before every time has given a

1226
00:52:40,358 --> 00:52:47,199
10K bounce this was from 40K to 50 60

1227
00:52:44,318 --> 00:52:49,758
70k so my net gain from just purely

1228
00:52:47,199 --> 00:52:51,159
trading has outperformed me whether I

1229
00:52:49,760 --> 00:52:52,799
bought Bitcoin and just held it all the

1230
00:52:51,159 --> 00:52:55,718
way up and that's me that's personally

1231
00:52:52,798 --> 00:52:58,399
Just My Style of trading you have to

1232
00:52:55,719 --> 00:53:01,597
understand that this isn't for everybody

1233
00:52:58,400 --> 00:53:04,279
this is just my way of being comfortable

1234
00:53:01,599 --> 00:53:07,240
trading Bitcoin if I'm if if if I can't

1235
00:53:04,280 --> 00:53:09,240
outperform Bitcoin on the way up then I

1236
00:53:07,239 --> 00:53:11,798
should stop trading full stop okay but I

1237
00:53:09,239 --> 00:53:13,439
back myself as a Trader to outperform

1238
00:53:11,798 --> 00:53:16,838
bitcoin on the way up versus just

1239
00:53:13,440 --> 00:53:19,598
holding spot all the way from trying to

1240
00:53:16,838 --> 00:53:23,158
nail the bottom okay how many times did

1241
00:53:19,599 --> 00:53:25,799
you see people call long long bottoms in

1242
00:53:23,159 --> 00:53:27,678
Bottoms in 30k Bottoms in no keeps going

1243
00:53:25,798 --> 00:53:29,678
lower why do you think funds and

1244
00:53:27,679 --> 00:53:31,759
accounts blew up Traders lost a [ __ ] ton

1245
00:53:29,679 --> 00:53:33,279
of money yeah I'm the only I'm one of

1246
00:53:31,760 --> 00:53:35,199
the few [ __ ] who who's actually

1247
00:53:33,280 --> 00:53:37,358
making money on the way down then I get

1248
00:53:35,199 --> 00:53:38,598
a lot of [ __ ] XO you miss the bottom

1249
00:53:37,358 --> 00:53:40,558
well not really because there's trading

1250
00:53:38,599 --> 00:53:42,720
opportunities all all throughout the

1251
00:53:40,559 --> 00:53:44,358
market and it's the same Concepts here

1252
00:53:42,719 --> 00:53:46,357
for the last six months

1253
00:53:44,358 --> 00:53:48,238
right what's price done it's done

1254
00:53:46,358 --> 00:53:50,199
nothing but range bound price action if

1255
00:53:48,239 --> 00:53:51,959
you've held spot over the last six

1256
00:53:50,199 --> 00:53:53,998
months chances are probably made way

1257
00:53:51,960 --> 00:53:56,040
more money than anybody in terms of

1258
00:53:54,000 --> 00:53:58,639
relativeness or even myself had I just

1259
00:53:56,039 --> 00:54:01,838
bought spot and held it here what's my

1260
00:53:58,639 --> 00:54:06,719
gain if I if I bought even from 53 or 40

1261
00:54:01,838 --> 00:54:08,118
42 to 63k 20K big deal but in between

1262
00:54:06,719 --> 00:54:09,199
there there's there's a 10K bounce

1263
00:54:08,119 --> 00:54:11,280
there's another bounce there's another

1264
00:54:09,199 --> 00:54:12,598
bounce there's a shorting opportunity

1265
00:54:11,280 --> 00:54:15,480
there's a lot more money to be made in

1266
00:54:12,599 --> 00:54:17,959
range than holding so it's that that's

1267
00:54:15,480 --> 00:54:19,520
that's my point okay so you can win J

1268
00:54:17,960 --> 00:54:21,719
all you want if you if you're that good

1269
00:54:19,519 --> 00:54:23,879
why don't you step up and uh get your

1270
00:54:21,719 --> 00:54:26,398
awesome stream and uh stream for other

1271
00:54:23,880 --> 00:54:29,798
people to take your views and opinions

1272
00:54:26,400 --> 00:54:31,640
all right end of story I'm not having a

1273
00:54:29,798 --> 00:54:33,519
go at you I'm just telling the facts

1274
00:54:31,639 --> 00:54:34,918
it's nobody's going to nail the tops and

1275
00:54:33,519 --> 00:54:36,999
the bottoms I'm not going to do it all

1276
00:54:34,920 --> 00:54:38,558
the time either and that's just the

1277
00:54:37,000 --> 00:54:41,639
nature of trading you have to accept

1278
00:54:38,559 --> 00:54:41,639
that whether you like it or

1279
00:54:43,559 --> 00:54:47,519
not but I just want to point out that

1280
00:54:45,960 --> 00:54:49,799
there are times when you can actually be

1281
00:54:47,519 --> 00:54:52,198
very very profitable from Trading okay

1282
00:54:49,798 --> 00:54:54,038
that's the point of what I try to

1283
00:54:52,199 --> 00:54:55,879
explain when it's range the range is

1284
00:54:54,039 --> 00:54:58,239
there to be milked one of my strengths

1285
00:54:55,880 --> 00:55:00,559
is trying range when price is

1286
00:54:58,239 --> 00:55:04,038
trending I take less trades just let

1287
00:55:00,559 --> 00:55:04,039
price do what it what it wants

1288
00:55:04,559 --> 00:55:10,400
okay so again I'm going to go over

1289
00:55:06,960 --> 00:55:12,240
another example in terms of um altcoins

1290
00:55:10,400 --> 00:55:15,999
here

1291
00:55:12,239 --> 00:55:20,998
and Wormhole look is another example

1292
00:55:16,000 --> 00:55:21,000
again when you look at the trend scanner

1293
00:55:27,838 --> 00:55:31,238
okay if you look at the longevity of the

1294
00:55:29,358 --> 00:55:34,598
bands in terms of the direction and the

1295
00:55:31,239 --> 00:55:37,998
trend the period of red we had one flash

1296
00:55:34,599 --> 00:55:40,200
of bull and it turns back into selling

1297
00:55:38,000 --> 00:55:41,680
now what I'm looking for here

1298
00:55:40,199 --> 00:55:43,038
essentially I think this is a really

1299
00:55:41,679 --> 00:55:44,759
good opportunity this is another one

1300
00:55:43,039 --> 00:55:47,558
that I've positioned

1301
00:55:44,760 --> 00:55:50,720
into off the September monthly

1302
00:55:47,559 --> 00:55:52,879
open and such that if Bitcoin does give

1303
00:55:50,719 --> 00:55:54,518
that pullback then I I I am looking to

1304
00:55:52,880 --> 00:55:56,759
just keep chipping away into a position

1305
00:55:54,519 --> 00:55:58,759
if we lose the level I'll just say back

1306
00:55:56,760 --> 00:56:00,240
wait for it to flip again so I don't

1307
00:55:58,760 --> 00:56:02,838
know whether the lows are in they could

1308
00:56:00,239 --> 00:56:04,479
very well be but as far as I'm concerned

1309
00:56:02,838 --> 00:56:06,117
this is the range where I'm looking to

1310
00:56:04,480 --> 00:56:08,598
build a position okay because we've been

1311
00:56:06,119 --> 00:56:10,279
here now for two months August and

1312
00:56:08,599 --> 00:56:11,519
almost at the end of September if it

1313
00:56:10,280 --> 00:56:13,359
push on higher fine I've got some

1314
00:56:11,519 --> 00:56:15,797
exposure I'll wait for the next pullback

1315
00:56:13,358 --> 00:56:17,318
if we break down below the bands I'll

1316
00:56:15,798 --> 00:56:19,758
just wait for it to flip and go back

1317
00:56:17,318 --> 00:56:22,638
into position looking for price to kind

1318
00:56:19,760 --> 00:56:24,798
of give the the the uh acceleration to

1319
00:56:22,639 --> 00:56:26,118
the upside okay so that's that's just

1320
00:56:24,798 --> 00:56:26,759
another example there that you can look

1321
00:56:26,119 --> 00:56:27,960
at

1322
00:56:26,760 --> 00:56:29,880
again when you look at the 3-day chart

1323
00:56:27,960 --> 00:56:32,920
it's just into those bands what I'm

1324
00:56:29,880 --> 00:56:35,240
looking for to see momentum keyword

1325
00:56:32,920 --> 00:56:37,240
strength and momentum is the bounds

1326
00:56:35,239 --> 00:56:38,479
compressing price trading above it then

1327
00:56:37,239 --> 00:56:40,719
you're going to see that acceleration to

1328
00:56:38,480 --> 00:56:43,199
the upside okay and finally let's look

1329
00:56:40,719 --> 00:56:46,278
at Su as an example of What's Happen and

1330
00:56:43,199 --> 00:56:50,838
the momentum it's played

1331
00:56:46,280 --> 00:56:53,598
out when you look at the daily okay

1332
00:56:50,838 --> 00:56:56,719
so again in this instance where you've

1333
00:56:53,599 --> 00:56:59,480
got price coming into

1334
00:56:56,719 --> 00:56:59,478
a level of

1335
00:57:02,000 --> 00:57:08,519
support okay period of red first sign of

1336
00:57:06,639 --> 00:57:11,238
strength in the market we get a segment

1337
00:57:08,519 --> 00:57:12,759
of green Flip's bearish but but again

1338
00:57:11,239 --> 00:57:15,998
now look at this look how short lift it

1339
00:57:12,760 --> 00:57:18,838
is flips back above let's just circle

1340
00:57:16,000 --> 00:57:22,359
this area here this is where the key

1341
00:57:18,838 --> 00:57:24,719
transition was now I go to the

1342
00:57:22,358 --> 00:57:26,399
3day where did the 3day compress and

1343
00:57:24,719 --> 00:57:28,318
cross right in that spot where did it

1344
00:57:26,400 --> 00:57:30,720
flip bullish there there's your shift of

1345
00:57:28,318 --> 00:57:33,598
momentum to the upside that's how you

1346
00:57:30,719 --> 00:57:33,598
identify momentum

1347
00:57:34,880 --> 00:57:39,838
early yeah but you could say I I

1348
00:57:38,079 --> 00:57:41,838
understand your comment about projects

1349
00:57:39,838 --> 00:57:43,919
like wormal with [ __ ] up tokenomics

1350
00:57:41,838 --> 00:57:45,318
prevents you from buying them you're not

1351
00:57:43,920 --> 00:57:46,359
buying them for the long term if the

1352
00:57:45,318 --> 00:57:47,999
market is going to go up it's going to

1353
00:57:46,358 --> 00:57:50,558
go up regardless of the supply I thought

1354
00:57:48,000 --> 00:57:53,960
that about salano when salano with $3 in

1355
00:57:50,559 --> 00:57:55,520
2020 or 2019 that there's a shitload of

1356
00:57:53,960 --> 00:57:58,280
Sal coming onto the market how is this

1357
00:57:55,519 --> 00:58:01,557
ever going to go up look what salana did

1358
00:57:58,280 --> 00:58:06,558
went to $200 from three ended up chasing

1359
00:58:01,559 --> 00:58:08,640
it from $20 to 200 so I think you've

1360
00:58:06,559 --> 00:58:10,999
just got to be objective and look at

1361
00:58:08,639 --> 00:58:12,518
price and strength forget you can the

1362
00:58:11,000 --> 00:58:13,759
best time to look at tokenomics is when

1363
00:58:12,519 --> 00:58:15,479
you're in a bare Market because that is

1364
00:58:13,760 --> 00:58:16,639
going to add significant sell pressure

1365
00:58:15,480 --> 00:58:20,079
but you think about it if you're an

1366
00:58:16,639 --> 00:58:21,398
investor and you're in Wormhole right

1367
00:58:20,079 --> 00:58:23,400
and you've got your tokens are you

1368
00:58:21,400 --> 00:58:24,679
really going to capitulate at these lows

1369
00:58:23,400 --> 00:58:26,640
after what's been in a significant sell

1370
00:58:24,679 --> 00:58:28,038
if anybody has puked has puked

1371
00:58:26,639 --> 00:58:29,879
think about sentiment think about

1372
00:58:28,039 --> 00:58:31,559
participants think about market look at

1373
00:58:29,880 --> 00:58:33,440
the small bodied candles what are they

1374
00:58:31,559 --> 00:58:35,318
telling you here that sellers are

1375
00:58:33,440 --> 00:58:38,400
exhausted the books are very thin to the

1376
00:58:35,318 --> 00:58:40,199
upside once the momentum ignites price

1377
00:58:38,400 --> 00:58:41,880
is going to pick up pace you're looking

1378
00:58:40,199 --> 00:58:44,598
for that crossover to to flow with

1379
00:58:41,880 --> 00:58:47,240
momentum so that's why I I really really

1380
00:58:44,599 --> 00:58:48,319
like the the opportunities are that are

1381
00:58:47,239 --> 00:58:51,439
ahead of

1382
00:58:48,318 --> 00:58:54,758
us okay and one sentiment one sentiment

1383
00:58:51,440 --> 00:58:59,239
picks up trust me you look at sui

1384
00:58:54,760 --> 00:58:59,240
right as an example

1385
00:59:01,000 --> 00:59:06,839
um no that's that's a

1386
00:59:04,838 --> 00:59:08,519
stock look at people trying to chase

1387
00:59:06,838 --> 00:59:10,399
this now all of a sudden from here and

1388
00:59:08,519 --> 00:59:12,239
here and here people want to chase

1389
00:59:10,400 --> 00:59:15,039
momentum people start fear of missing

1390
00:59:12,239 --> 00:59:17,557
out byas start piling in and and then

1391
00:59:15,039 --> 00:59:19,640
and then where people really screw

1392
00:59:17,559 --> 00:59:23,318
up

1393
00:59:19,639 --> 00:59:25,518
is again when you look at this right why

1394
00:59:23,318 --> 00:59:27,198
in your right mind after what has been a

1395
00:59:25,519 --> 00:59:29,719
six month sell off why in your right

1396
00:59:27,199 --> 00:59:31,399
mind are you trying to short this people

1397
00:59:29,719 --> 00:59:33,797
are trying to short this over here then

1398
00:59:31,400 --> 00:59:36,119
here then here all prices come into

1399
00:59:33,798 --> 00:59:37,159
resistance here um this has probably got

1400
00:59:36,119 --> 00:59:38,038
to give it this is going to be a good

1401
00:59:37,159 --> 00:59:39,759
shorting

1402
00:59:38,039 --> 00:59:41,318
opportunity there's not there's not even

1403
00:59:39,760 --> 00:59:42,519
being a pullback and price just rips

1404
00:59:41,318 --> 00:59:45,999
through what happens is people start

1405
00:59:42,519 --> 00:59:48,679
piling into shorts shorts pay to open

1406
00:59:46,000 --> 00:59:51,480
their positions they get puked caught

1407
00:59:48,679 --> 00:59:53,797
offside they puke price goes higher so

1408
00:59:51,480 --> 00:59:56,079
not only do you have spot buyers and per

1409
00:59:53,798 --> 00:59:58,838
Longs piling it to momentum you've got

1410
00:59:56,079 --> 01:00:00,838
shorts trying to Pile in in an

1411
00:59:58,838 --> 01:00:02,519
uptrend and if you just stick to a

1412
01:00:00,838 --> 01:00:05,639
simple set of moving averages and a

1413
01:00:02,519 --> 01:00:07,719
simple set of rules right why in your

1414
01:00:05,639 --> 01:00:09,118
right mind would you want to be shorting

1415
01:00:07,719 --> 01:00:11,999
when look at the

1416
01:00:09,119 --> 01:00:13,880
trajectory of the Bands okay so this is

1417
01:00:12,000 --> 01:00:18,200
what I want you to think about if we do

1418
01:00:13,880 --> 01:00:20,319
get an extensive rally into Q4 right you

1419
01:00:18,199 --> 01:00:22,998
you've got a very simple system to

1420
01:00:20,318 --> 01:00:25,638
follow here and I'm giving you that

1421
01:00:23,000 --> 01:00:27,960
system on this streame when you've got

1422
01:00:25,639 --> 01:00:30,679
the B pushing up in this trajectory why

1423
01:00:27,960 --> 01:00:34,879
are you trying to fade this what you

1424
01:00:30,679 --> 01:00:37,999
will see at some point okay is this look

1425
01:00:34,880 --> 01:00:40,399
at the trajectory then when

1426
01:00:38,000 --> 01:00:42,639
price tails

1427
01:00:40,400 --> 01:00:44,279
off now look at the trajectory of the

1428
01:00:42,639 --> 01:00:46,598
Bands is this still going up or is this

1429
01:00:44,280 --> 01:00:49,400
going sideways now you have a defined

1430
01:00:46,599 --> 01:00:51,240
range there's your swing High you've got

1431
01:00:49,400 --> 01:00:53,880
a swing point out somewhere along these

1432
01:00:51,239 --> 01:00:56,598
lines okay let me just Mark that out

1433
01:00:53,880 --> 01:00:59,599
again you've got a swing High to work

1434
01:00:56,599 --> 01:01:02,720
with first significant swing okay where

1435
01:00:59,599 --> 01:01:05,039
did it come into the into this low here

1436
01:01:02,719 --> 01:01:07,558
okay another swing High takes out the

1437
01:01:05,039 --> 01:01:10,160
previous high but look at the

1438
01:01:07,559 --> 01:01:11,999
bands there's your signal and shifting

1439
01:01:10,159 --> 01:01:14,239
context now you want to be thinking

1440
01:01:12,000 --> 01:01:16,160
about taking profit if it gets back

1441
01:01:14,239 --> 01:01:18,399
under because you've had a failed

1442
01:01:16,159 --> 01:01:20,159
attempt and it's likely to go back into

1443
01:01:18,400 --> 01:01:21,880
the mid and if you can't hold the mid

1444
01:01:20,159 --> 01:01:24,798
Underside retest it's likely to go to

1445
01:01:21,880 --> 01:01:26,280
the range lows and if that doesn't hold

1446
01:01:24,798 --> 01:01:27,358
there's you're breaking structure now

1447
01:01:26,280 --> 01:01:28,1000
what you're going to do you're going to

1448
01:01:27,358 --> 01:01:30,479
puke it down here or you're going to

1449
01:01:29,000 --> 01:01:32,079
start longing the market all the way

1450
01:01:30,480 --> 01:01:35,640
down because you can't shift your

1451
01:01:32,079 --> 01:01:38,640
context when you already forewarned that

1452
01:01:35,639 --> 01:01:41,518
momentum is slowing down price is going

1453
01:01:38,639 --> 01:01:44,078
in a Range the bullish case

1454
01:01:41,519 --> 01:01:47,639
scenario right let's just take it a step

1455
01:01:44,079 --> 01:01:50,239
back the bullish case here would have

1456
01:01:47,639 --> 01:01:52,278
been in this

1457
01:01:50,239 --> 01:01:55,439
situation what have I covered with you

1458
01:01:52,278 --> 01:01:57,959
today if if this was a weekly band you

1459
01:01:55,440 --> 01:01:59,999
want to see price get look look at this

1460
01:01:57,960 --> 01:02:02,078
is compressing under the bands it will

1461
01:02:00,000 --> 01:02:03,879
eventually pop to the upside what you

1462
01:02:02,079 --> 01:02:06,1000
want to see if this is a range that's

1463
01:02:03,880 --> 01:02:09,118
been defined is consolidation accumul

1464
01:02:07,000 --> 01:02:11,719
reaccumulation then continuation higher

1465
01:02:09,119 --> 01:02:15,160
what you don't want to see is price do

1466
01:02:11,719 --> 01:02:17,759
something like this run the highs come

1467
01:02:15,159 --> 01:02:18,918
back inside I would I would absolutely

1468
01:02:17,760 --> 01:02:21,519
be looking to get out of the market at

1469
01:02:18,920 --> 01:02:23,798
that point because I know I can set back

1470
01:02:21,519 --> 01:02:25,679
in if we get continuation above here

1471
01:02:23,798 --> 01:02:27,678
it's going to come back into the mid

1472
01:02:25,679 --> 01:02:30,038
then your range now what are you going

1473
01:02:27,679 --> 01:02:32,759
to do when price gets back under the

1474
01:02:30,039 --> 01:02:34,798
bands again that's an second signal now

1475
01:02:32,760 --> 01:02:36,359
to get out of the market let's run it

1476
01:02:34,798 --> 01:02:38,919
forward and this is how you can

1477
01:02:36,358 --> 01:02:40,798
recognize the differences subal

1478
01:02:38,920 --> 01:02:43,679
differences between accum reaccumulation

1479
01:02:40,798 --> 01:02:45,519
and distribution reaccumulation you want

1480
01:02:43,679 --> 01:02:47,518
to see price just stay within this range

1481
01:02:45,519 --> 01:02:49,959
for a longer period of time and

1482
01:02:47,519 --> 01:02:53,318
eventually will crack up but when you

1483
01:02:49,960 --> 01:02:55,599
see price make these sharp moves up gets

1484
01:02:53,318 --> 01:02:56,798
back inside and it can't even hold this

1485
01:02:55,599 --> 01:02:58,999
and it it trades back to the mid and

1486
01:02:56,798 --> 01:03:00,278
that cut hold and back to the lows then

1487
01:02:59,000 --> 01:03:02,079
you hope this holds because if that

1488
01:03:00,278 --> 01:03:03,198
doesn't hold there's your breaking

1489
01:03:02,079 --> 01:03:04,599
structure you're probably going to get

1490
01:03:03,199 --> 01:03:07,199
something like a trap back inside the

1491
01:03:04,599 --> 01:03:08,440
range and sell back out again okay now

1492
01:03:07,199 --> 01:03:10,598
if you run this forward let's see how

1493
01:03:08,440 --> 01:03:13,318
this plays

1494
01:03:10,599 --> 01:03:15,278
out we've got it back above the

1495
01:03:13,318 --> 01:03:16,879
bands back to the highs that would have

1496
01:03:15,278 --> 01:03:19,478
been your case to get out sorry I've let

1497
01:03:16,880 --> 01:03:20,1000
it go too fast Underside re retest of

1498
01:03:19,480 --> 01:03:24,399
the mid sells

1499
01:03:21,000 --> 01:03:27,038
off didn't even establish a phase of

1500
01:03:24,400 --> 01:03:28,400
reaccumulation

1501
01:03:27,039 --> 01:03:30,119
so these are the subtleties that you

1502
01:03:28,400 --> 01:03:32,239
want to start looking for again when I

1503
01:03:30,119 --> 01:03:34,760
clear all the all the crap off the

1504
01:03:32,239 --> 01:03:37,117
charts if this was

1505
01:03:34,760 --> 01:03:38,679
bullish why have we lost the bands here

1506
01:03:37,119 --> 01:03:41,479
and this is before it even breaks the

1507
01:03:38,679 --> 01:03:42,759
lows right there's your range lows

1508
01:03:41,480 --> 01:03:44,720
there's your mid-range there's your

1509
01:03:42,760 --> 01:03:46,240
range highs there's the swing fail

1510
01:03:44,719 --> 01:03:48,199
deviation on high volume look at the

1511
01:03:46,239 --> 01:03:50,838
weeks three weeks at the

1512
01:03:48,199 --> 01:03:53,598
highs gets back into the mid the bands

1513
01:03:50,838 --> 01:03:55,838
are rolling over you want to get

1514
01:03:53,599 --> 01:03:57,079
out you don't even want to be all right

1515
01:03:55,838 --> 01:03:59,159
You' don't have to short the market you

1516
01:03:57,079 --> 01:04:00,358
just want to take some profit because

1517
01:03:59,159 --> 01:04:02,639
you want to think I might be able to buy

1518
01:04:00,358 --> 01:04:04,318
the range lows or I might be able to buy

1519
01:04:02,639 --> 01:04:06,398
a deviation if it gets back inside and

1520
01:04:04,318 --> 01:04:08,318
hold and if it if it can't hold and it

1521
01:04:06,400 --> 01:04:09,598
fills out well guess what you're

1522
01:04:08,318 --> 01:04:10,919
protecting your draw down and this is

1523
01:04:09,599 --> 01:04:13,358
where people [ __ ]

1524
01:04:10,920 --> 01:04:15,038
up this is where people screw up because

1525
01:04:13,358 --> 01:04:16,797
they don't know how when or how to get

1526
01:04:15,039 --> 01:04:18,439
out of the market after a rally and I'm

1527
01:04:16,798 --> 01:04:20,958
trying to fall and warn you of that if

1528
01:04:18,440 --> 01:04:23,199
we do get an exensive altcoin rallying

1529
01:04:20,960 --> 01:04:24,359
in Q4 these are the signs that you want

1530
01:04:23,199 --> 01:04:26,478
to be thinking about to get out the

1531
01:04:24,358 --> 01:04:27,758
market not people telling you it's a

1532
01:04:26,480 --> 01:04:29,919
bull market why the [ __ ] are you

1533
01:04:27,760 --> 01:04:31,440
shorting why you taking profit you

1534
01:04:29,920 --> 01:04:33,759
should be looking for even higher prices

1535
01:04:31,440 --> 01:04:35,999
look at what the chart is telling you

1536
01:04:33,760 --> 01:04:37,359
all right look Underside retest as clean

1537
01:04:36,000 --> 01:04:42,078
as you

1538
01:04:37,358 --> 01:04:44,037
like price SS off so again when you

1539
01:04:42,079 --> 01:04:45,799
think of that there's there's no reason

1540
01:04:44,039 --> 01:04:47,599
to be shorting this it's a reversion

1541
01:04:45,798 --> 01:04:50,118
back into the bands continuation higher

1542
01:04:47,599 --> 01:04:52,480
until you get trajectory going sideways

1543
01:04:50,119 --> 01:04:54,838
okay then you can start thinking about

1544
01:04:52,480 --> 01:04:57,640
maybe it's time to take profit but you

1545
01:04:54,838 --> 01:04:57,639
don't want to be shorting

1546
01:04:57,920 --> 01:05:01,520
on the left hand side of distribution

1547
01:05:00,159 --> 01:05:03,679
you want to wait for the tail side of

1548
01:05:01,519 --> 01:05:04,797
distribution with weakness by the bands

1549
01:05:03,679 --> 01:05:06,958
to get out of the

1550
01:05:04,798 --> 01:05:09,479
market and that's all there is to it

1551
01:05:06,960 --> 01:05:12,240
okay so again simple simple tool simple

1552
01:05:09,480 --> 01:05:13,999
strategy yet people still will continue

1553
01:05:12,239 --> 01:05:17,199
shorting alts on the way up over the

1554
01:05:14,000 --> 01:05:19,679
coming weeks uh and unfortunately that's

1555
01:05:17,199 --> 01:05:21,159
just that's just the market for you it

1556
01:05:19,679 --> 01:05:22,998
is what it is just don't be that

1557
01:05:21,159 --> 01:05:25,317
individual who's trying to fade this

1558
01:05:23,000 --> 01:05:27,599
it's not worth it if you want to sell

1559
01:05:25,318 --> 01:05:29,077
something like this you want to see I

1560
01:05:27,599 --> 01:05:31,599
don't know distribution pattern

1561
01:05:29,079 --> 01:05:32,920
breakdown price loses the bands there's

1562
01:05:31,599 --> 01:05:34,279
your trigger to go short now you can

1563
01:05:32,920 --> 01:05:37,160
think about trading it all the way back

1564
01:05:34,278 --> 01:05:39,278
down into support okay that's all the is

1565
01:05:37,159 --> 01:05:39,278
to

1566
01:05:42,679 --> 01:05:46,959
it so there's so many charts out there

1567
01:05:45,440 --> 01:05:49,078
that that are looking really good tensor

1568
01:05:46,960 --> 01:05:51,559
is another one um I know they've got

1569
01:05:49,079 --> 01:05:53,160
some Hefty Supply locks it's it's

1570
01:05:51,559 --> 01:05:56,160
building a base we're not in that

1571
01:05:53,159 --> 01:05:57,399
momentum phase yet okay what's what's

1572
01:05:56,159 --> 01:05:58,998
another chart I think then you've got

1573
01:05:57,400 --> 01:05:59,839
coins like whiff which I think are great

1574
01:05:59,000 --> 01:06:02,359
for

1575
01:05:59,838 --> 01:06:04,597
trading um it's certainly showing some

1576
01:06:02,358 --> 01:06:07,878
momentum out of this consolidation

1577
01:06:04,599 --> 01:06:11,118
pattern since June July August September

1578
01:06:07,880 --> 01:06:14,399
so again you know we've we've just

1579
01:06:11,119 --> 01:06:16,399
pushed out of this range here okay what

1580
01:06:14,400 --> 01:06:19,159
I would like to see if Bitcoin pulls

1581
01:06:16,400 --> 01:06:21,278
back and ethereum pulls back you may

1582
01:06:19,159 --> 01:06:23,598
just get a retest off this level here a

1583
01:06:21,278 --> 01:06:26,718
higher low

1584
01:06:23,599 --> 01:06:28,919
look you can map out TR line there

1585
01:06:26,719 --> 01:06:30,357
higher high higher high higher high

1586
01:06:28,920 --> 01:06:32,679
higher low higher low higher low you

1587
01:06:30,358 --> 01:06:35,358
want to see this hold as a higher low

1588
01:06:32,679 --> 01:06:36,919
into this range low uh range low that to

1589
01:06:35,358 --> 01:06:40,518
me would be a very very good

1590
01:06:36,920 --> 01:06:41,880
setup somewhere in there uh and I would

1591
01:06:40,519 --> 01:06:43,958
be looking

1592
01:06:41,880 --> 01:06:46,399
for this level

1593
01:06:43,960 --> 01:06:47,799
$263 and above there well you're in

1594
01:06:46,400 --> 01:06:49,880
Trend territory at that point you've got

1595
01:06:47,798 --> 01:06:51,798
to go back for all-time highs okay so

1596
01:06:49,880 --> 01:06:54,759
there's two ways you can trade this long

1597
01:06:51,798 --> 01:06:56,639
from a pullback going to the highs

1598
01:06:54,760 --> 01:06:59,279
taking some parti along the way maybe

1599
01:06:56,639 --> 01:07:01,198
take some profit pull back back above

1600
01:06:59,278 --> 01:07:03,919
Trend continuation to this high this

1601
01:07:01,199 --> 01:07:07,918
high this High there's your range okay

1602
01:07:03,920 --> 01:07:10,078
that's where you want to be doing your

1603
01:07:07,920 --> 01:07:11,799
business same with vanry there's nothing

1604
01:07:10,079 --> 01:07:15,039
really much to say I think vanry looks

1605
01:07:11,798 --> 01:07:17,557
fine for now it's building or what I

1606
01:07:15,039 --> 01:07:19,798
hope is building a base you know it's

1607
01:07:17,559 --> 01:07:22,480
still the early days we're still maybe

1608
01:07:19,798 --> 01:07:24,557
range Bound for a period of time this

1609
01:07:22,480 --> 01:07:26,079
might just do this over the coming weeks

1610
01:07:24,559 --> 01:07:27,318
then we get the push-up

1611
01:07:26,079 --> 01:07:28,920
or it might just give a shallow pull

1612
01:07:27,318 --> 01:07:30,879
back and take off I don't know I don't

1613
01:07:28,920 --> 01:07:33,078
know I couldn't tell you I really

1614
01:07:30,880 --> 01:07:36,279
couldn't tell you same with Jupiter

1615
01:07:33,079 --> 01:07:38,079
Jupiter looks good um but again look

1616
01:07:36,278 --> 01:07:39,678
we're just into those into that level of

1617
01:07:38,079 --> 01:07:42,439
resistance maybe we just get one more

1618
01:07:39,679 --> 01:07:44,557
push lower down okay into here and then

1619
01:07:42,440 --> 01:07:46,239
we get the breakout at least targeting

1620
01:07:44,559 --> 01:07:47,720
these highs then you got the range highs

1621
01:07:46,239 --> 01:07:49,879
there's your mid there's your range lows

1622
01:07:47,719 --> 01:07:52,759
okay so very very good risk reward

1623
01:07:49,880 --> 01:07:54,399
setups two r four r five R sixr whatever

1624
01:07:52,760 --> 01:07:56,440
you want to call it but some very good

1625
01:07:54,400 --> 01:07:57,598
setups here

1626
01:07:56,440 --> 01:08:00,319
that's going to give you four or that's

1627
01:07:57,599 --> 01:08:02,839
going to give you 8 n r you're looking

1628
01:08:00,318 --> 01:08:04,558
to buy these lows here or you can wait

1629
01:08:02,838 --> 01:08:06,399
you're either going to get price pull

1630
01:08:04,559 --> 01:08:08,719
back into a high low or you're going to

1631
01:08:06,400 --> 01:08:10,159
get get a run of lows step back inside

1632
01:08:08,719 --> 01:08:11,558
there's your second attempt at the trade

1633
01:08:10,159 --> 01:08:13,518
now you're looking to trade the mid and

1634
01:08:11,559 --> 01:08:15,479
then the high this gives you greater

1635
01:08:13,519 --> 01:08:16,958
possibility probability that this is

1636
01:08:15,480 --> 01:08:18,238
ready to go to the mid level you might

1637
01:08:16,960 --> 01:08:20,359
just get a shallow pull back you just

1638
01:08:18,238 --> 01:08:21,959
got to have some balls about you step

1639
01:08:20,359 --> 01:08:23,758
inside and look look to trade it to the

1640
01:08:21,960 --> 01:08:25,920
mid with a clear invalidation at the

1641
01:08:23,759 --> 01:08:28,560
lows um GTO is another one that I think

1642
01:08:25,920 --> 01:08:32,639
looks fairly decent for a trade

1643
01:08:28,560 --> 01:08:35,798
setup again you can think of this as a

1644
01:08:32,640 --> 01:08:37,439
double bottom okay one two three pull

1645
01:08:35,798 --> 01:08:41,399
back into this level I'd be looking for

1646
01:08:37,439 --> 01:08:43,998
Longs think of structure look think of

1647
01:08:41,399 --> 01:08:45,358
structure anybody think kind of know

1648
01:08:44,000 --> 01:08:47,560
what this is what is the structure here

1649
01:08:45,359 --> 01:08:47,560
that I'm

1650
01:08:52,000 --> 01:08:58,000
drawing what do we call this structure

1651
01:08:55,960 --> 01:09:01,879
there's a name for

1652
01:08:58,000 --> 01:09:01,879
it it has to hold of

1653
01:09:03,359 --> 01:09:09,719
course yeah Adam and Eve okay so again

1654
01:09:07,759 --> 01:09:12,199
do we get another pullback do these lws

1655
01:09:09,719 --> 01:09:14,679
hold if they do that that's that's a

1656
01:09:12,198 --> 01:09:16,039
good opportunity for risk taking on the

1657
01:09:14,679 --> 01:09:18,440
trade all

1658
01:09:16,039 --> 01:09:20,197
right um that's it that's it for me

1659
01:09:18,439 --> 01:09:22,838
folks I I think that's enough streaming

1660
01:09:20,198 --> 01:09:24,638
for me I didn't want to spend too long

1661
01:09:22,838 --> 01:09:27,479
but I've I've only gone on out done

1662
01:09:24,640 --> 01:09:30,640
myself and spent an hour and 15 on the

1663
01:09:27,479 --> 01:09:32,479
stream but I enjoy I enjoy teaching you

1664
01:09:30,640 --> 01:09:33,600
know I I don't claim to be the best

1665
01:09:32,479 --> 01:09:36,119
trade in the world I just know what

1666
01:09:33,600 --> 01:09:37,798
works well for me and hopefully the

1667
01:09:36,119 --> 01:09:42,479
knowledge that I pass on on these

1668
01:09:37,798 --> 01:09:44,559
streams um will serve you well for

1669
01:09:42,479 --> 01:09:46,677
Q4 and uh I really like the

1670
01:09:44,560 --> 01:09:49,838
opportunities that that are ahead of us

1671
01:09:46,679 --> 01:09:51,480
and if it all goes tits up then so be it

1672
01:09:49,838 --> 01:09:53,039
we just have to manage our risk but I'm

1673
01:09:51,479 --> 01:09:55,398
going to remain optimistic heading into

1674
01:09:53,039 --> 01:09:56,717
Q4 I really like some of the structures

1675
01:09:55,399 --> 01:09:58,599
some of the

1676
01:09:56,719 --> 01:10:01,039
setups

1677
01:09:58,600 --> 01:10:02,840
um yeah I I think there's a good chance

1678
01:10:01,039 --> 01:10:04,717
we we see

1679
01:10:02,840 --> 01:10:06,440
continuation or I'm hoping we see

1680
01:10:04,719 --> 01:10:07,920
continuation I don't know I only know as

1681
01:10:06,439 --> 01:10:10,079
much as you guys I don't have a crystal

1682
01:10:07,920 --> 01:10:11,440
ball I just go off the structure what

1683
01:10:10,079 --> 01:10:13,678
price is telling me what sentiment is

1684
01:10:11,439 --> 01:10:15,157
telling me positional macroeconomic

1685
01:10:13,679 --> 01:10:17,679
factors

1686
01:10:15,158 --> 01:10:20,799
liquidity and invalidations and as long

1687
01:10:17,679 --> 01:10:26,480
as you know we we maintain Bitcoin

1688
01:10:20,800 --> 01:10:27,920
holding 58 60k ethereum holding 2,000

1689
01:10:26,479 --> 01:10:29,999
maybe we'll get some pullbacks on

1690
01:10:27,920 --> 01:10:33,040
altcoins then we get that structure that

1691
01:10:30,000 --> 01:10:36,120
goes continuation High okay break break

1692
01:10:33,039 --> 01:10:38,519
this and we go higher we can all

1693
01:10:36,119 --> 01:10:41,359
celebrate have a great week ahead I'll

1694
01:10:38,520 --> 01:10:45,279
catch you possibly next week on Monday

1695
01:10:41,359 --> 01:10:49,519
but um good luck with your trading and

1696
01:10:45,279 --> 01:10:49,519
uh take care