As an AI language model, your task is to provide a comprehensive and detailed summary of the following video transcript. 

Your summary should capture all significant points and nuances presented in the transcript.

In your summary, please:
- Include all essential information, such as key figures, financial levels, dates, and specific data mentioned.
- Describe any strategies, analyses, predictions, or market outlooks discussed by the speaker.
- Highlight practical steps, user participation mechanics, tips, or step-by-step instructions provided.
- Mention any tools, platforms, or resources referenced, explaining their purpose and how they are utilized.
- Incorporate any warnings, considerations, advice, or caveats offered by the speaker.
- Provide relevant background information or context that enhances understanding of the discussion.
- Reflect the speaker's emphasis and tone to convey the significance of various points.
Aim for a thorough and detailed summary that allows someone who has not watched the video to fully grasp all the key points and nuances presented.
The summary should cover all important aspects without omitting critical information.

PLEASE PAY PARTICULAR ATTENTION TO ACTIONABLE LEVELS MENTIONED (LONG OR SHORT FROM X, STOP LOSS Y, TP Z TYPE STRUCTURE). SUMMARISE THESE IN A DEDICATED SECTION EVEN AT THE RISK OF REPETITION. 

Provide your output in graceful markdown formatting.

TRANSCRIPT
1
00:00:03,520 --> 00:00:05,118
all right we should be

2
00:00:05,359 --> 00:00:11,200
live good evening everybody it's TR X

3
00:00:08,638 --> 00:00:14,517
here once again with another midweek

4
00:00:11,199 --> 00:00:17,599
live stream the first one back after

5
00:00:14,519 --> 00:00:19,080
quite some time it's Thursday the 19th

6
00:00:17,600 --> 00:00:23,720
of September

7
00:00:19,079 --> 00:00:25,079
2024 the time is 1 p.m. BSC or 9 just

8
00:00:23,719 --> 00:00:27,919
after 9:00 p.m.

9
00:00:25,079 --> 00:00:30,079
UTC if you could all give me a quick

10
00:00:27,920 --> 00:00:31,480
audio check in the chat and like you can

11
00:00:30,079 --> 00:00:35,998
see my

12
00:00:31,480 --> 00:00:35,999
screen and we shall uh kick off the

13
00:00:54,320 --> 00:00:58,800
stream all good yeah all right just a

14
00:00:57,359 --> 00:01:00,480
slight delay I was waiting for the

15
00:00:58,799 --> 00:01:03,518
responses but great

16
00:01:00,479 --> 00:01:06,198
I hope you're all well as always good to

17
00:01:03,518 --> 00:01:07,678
see the regular faces in the chat hello

18
00:01:06,200 --> 00:01:08,959
to you all and hope you're having a

19
00:01:07,680 --> 00:01:11,680
fabulous

20
00:01:08,959 --> 00:01:15,478
September no doubt the the the suspense

21
00:01:11,680 --> 00:01:18,040
of the rate Cuts has passed us by and we

22
00:01:15,478 --> 00:01:21,279
can get back to business as normal so a

23
00:01:18,040 --> 00:01:24,078
special thank you to Prime xbt for once

24
00:01:21,280 --> 00:01:26,039
again partnering with me and they've

25
00:01:24,078 --> 00:01:28,318
been long-term partners and sponsors of

26
00:01:26,040 --> 00:01:30,439
my streams over the years which allows

27
00:01:28,319 --> 00:01:33,437
me to um share my thoughts some views

28
00:01:30,438 --> 00:01:35,519
with you guys obviously so as always

29
00:01:33,438 --> 00:01:37,718
anything said in today's video is not

30
00:01:35,519 --> 00:01:40,078
Financial advice as always it's just my

31
00:01:37,719 --> 00:01:43,278
view of the markets and how I'm

32
00:01:40,078 --> 00:01:44,797
primarily looking to trade the markets

33
00:01:43,280 --> 00:01:46,840
before I proceed I just want to make

34
00:01:44,799 --> 00:01:48,959
sure I've I've slightly configured my

35
00:01:46,840 --> 00:01:51,200
microphone that you can all hear me okay

36
00:01:48,959 --> 00:01:55,758
is it definitely loud and clear

37
00:01:51,200 --> 00:02:00,360
and there's no um audio

38
00:01:55,759 --> 00:02:00,360
issues I will'll kick off

39
00:02:11,199 --> 00:02:16,317
all right so first things first um do

40
00:02:14,360 --> 00:02:18,319
let me know if my if my voice does

41
00:02:16,318 --> 00:02:21,718
distort because I'm kind of positioned

42
00:02:18,318 --> 00:02:24,237
in a weird way with the various screens

43
00:02:21,719 --> 00:02:25,359
that I've got up with this new setup but

44
00:02:24,239 --> 00:02:27,639
we're going to start from the monthly

45
00:02:25,360 --> 00:02:30,318
chart so the first thing that stands out

46
00:02:27,639 --> 00:02:31,159
the first question I have for you guys

47
00:02:30,318 --> 00:02:33,597
are

48
00:02:31,159 --> 00:02:36,317
we

49
00:02:33,598 --> 00:02:40,118
above the quarter level on this High

50
00:02:36,318 --> 00:02:42,877
time frame range yes or no okay and one

51
00:02:40,120 --> 00:02:45,679
thing I've advocated for is if you

52
00:02:42,878 --> 00:02:49,559
watched the previous stream that for as

53
00:02:45,680 --> 00:02:51,1000
long as price remains above the yearly

54
00:02:49,560 --> 00:02:55,319
mid level I don't really have any

55
00:02:52,000 --> 00:02:58,200
concerns that I'm looking for long

56
00:02:55,318 --> 00:03:01,237
opportunities in the

57
00:02:58,199 --> 00:03:03,439
market sentiment was was fairly bearish

58
00:03:01,239 --> 00:03:06,239
when I was last on stream I emphasize on

59
00:03:03,439 --> 00:03:09,679
the fact that whenever price is at the

60
00:03:06,239 --> 00:03:11,878
the top end of the range we see the

61
00:03:09,680 --> 00:03:15,399
majority consensus on the timeline

62
00:03:11,878 --> 00:03:18,517
calling for 70 80 90 100K and then when

63
00:03:15,400 --> 00:03:20,360
it's trading at the opposite side all of

64
00:03:18,519 --> 00:03:22,560
a sudden we're in a distribution range

65
00:03:20,360 --> 00:03:25,840
and everybody's calling for 30k and

66
00:03:22,560 --> 00:03:27,560
lower down okay and I touched upon the

67
00:03:25,840 --> 00:03:29,799
fact that there's so much price action

68
00:03:27,560 --> 00:03:32,399
left before we can even consider one

69
00:03:29,799 --> 00:03:34,279
extreme of you let's just be objective

70
00:03:32,400 --> 00:03:36,919
let's just take price for what it is and

71
00:03:34,280 --> 00:03:38,039
what it tells us and look for good

72
00:03:36,919 --> 00:03:40,999
trading

73
00:03:38,039 --> 00:03:42,957
opportunities now from a spot

74
00:03:41,000 --> 00:03:46,080
perspective I've

75
00:03:42,959 --> 00:03:49,199
just slightly uh increased my exposure

76
00:03:46,080 --> 00:03:52,040
to to bitcoin once we reclaimed back

77
00:03:49,199 --> 00:03:55,118
above 54k so I do hold just some spot

78
00:03:52,039 --> 00:03:56,878
exposure but primarily I think over the

79
00:03:55,120 --> 00:03:58,720
coming weeks I'm looking to trade

80
00:03:56,878 --> 00:04:00,758
Bitcoin that's just my personal

81
00:03:58,719 --> 00:04:02,478
objective I'm sure there's many of you

82
00:04:00,759 --> 00:04:04,437
who are probably holding spot want to

83
00:04:02,479 --> 00:04:07,198
continue to hold spot that's absolutely

84
00:04:04,438 --> 00:04:09,157
fine my personal preference is I rather

85
00:04:07,199 --> 00:04:11,078
trade Bitcoin over the coming weeks

86
00:04:09,158 --> 00:04:12,878
potentially over the coming months okay

87
00:04:11,079 --> 00:04:15,279
and I'll explain why that is that's just

88
00:04:12,878 --> 00:04:17,517
my objective and how I like to trade

89
00:04:15,280 --> 00:04:19,518
Bitcoin as long as long as I'm out

90
00:04:17,519 --> 00:04:21,679
outperforming Bitcoin from a trading

91
00:04:19,519 --> 00:04:25,320
perspective then I'll continue doing

92
00:04:21,680 --> 00:04:27,960
that until if I stop outperforming

93
00:04:25,319 --> 00:04:29,477
Bitcoin as a benchmark as a Trader with

94
00:04:27,959 --> 00:04:32,878
my Bitcoin trades then it probably makes

95
00:04:29,478 --> 00:04:35,758
more sense to me to stay exposed to spot

96
00:04:32,879 --> 00:04:36,999
and manage my downside risks ultimately

97
00:04:35,759 --> 00:04:39,840
looking at the

98
00:04:37,000 --> 00:04:42,280
chart okay the key thing for me is like

99
00:04:39,839 --> 00:04:46,438
I said we're above the mid uh the the

100
00:04:42,279 --> 00:04:52,198
mid of this range from 44k to the the

101
00:04:46,439 --> 00:04:52,198
70k level let's go into the weekly same

102
00:04:52,600 --> 00:04:56,638
again

103
00:04:54,639 --> 00:04:59,400
okay we talked

104
00:04:56,639 --> 00:05:03,079
about the yearly low and we also mapped

105
00:04:59,399 --> 00:05:03,079
out yearly High we'll do that in

106
00:05:05,879 --> 00:05:09,519
blue I'm just going to go very slow on

107
00:05:08,000 --> 00:05:11,960
this stream today we'll probably spend

108
00:05:09,519 --> 00:05:14,719
20 minutes half an hour max okay very

109
00:05:11,959 --> 00:05:16,758
simple objective charts there's our

110
00:05:14,720 --> 00:05:19,160
yearly low 22nd of January there's the

111
00:05:16,759 --> 00:05:22,279
yearly High round about the 11th of

112
00:05:19,160 --> 00:05:24,719
March we marked out the mid which

113
00:05:22,279 --> 00:05:28,078
essentially mapped out the the year Li

114
00:05:24,720 --> 00:05:31,519
mid level and I specifically stated that

115
00:05:28,079 --> 00:05:33,958
for as long as price remains above the

116
00:05:31,519 --> 00:05:36,959
yearly mid level I don't have any real

117
00:05:33,959 --> 00:05:39,399
concerns as to you know thinking

118
00:05:36,959 --> 00:05:41,239
about bearing in mind I said thinking

119
00:05:39,399 --> 00:05:44,477
about looking to short this level we've

120
00:05:41,240 --> 00:05:46,119
coming to a level of support the only

121
00:05:44,478 --> 00:05:47,917
time that I'm going to think about

122
00:05:46,120 --> 00:05:52,120
buying lower down is if we find

123
00:05:47,918 --> 00:05:55,278
acceptance below 52k or 50k and we start

124
00:05:52,120 --> 00:05:57,400
trading below this demand Zone into what

125
00:05:55,279 --> 00:06:00,158
appears to be the next Lal logical level

126
00:05:57,399 --> 00:06:03,238
of support which is round about that 38

127
00:06:00,160 --> 00:06:05,240
to 40K level I also talked about about

128
00:06:03,240 --> 00:06:07,599
the fact that the 200 weekly moving

129
00:06:05,240 --> 00:06:10,478
average is hovering somewhere around

130
00:06:07,598 --> 00:06:13,439
here but that was an adverse scenario I

131
00:06:10,478 --> 00:06:14,958
said if price breaks down then logically

132
00:06:13,439 --> 00:06:16,597
that's probably going to be one of the

133
00:06:14,959 --> 00:06:19,239
areas that I certainly will be looking

134
00:06:16,598 --> 00:06:22,679
to buy should it break down okay so

135
00:06:19,240 --> 00:06:25,400
quite clearly Bitcoin has respected the

136
00:06:22,680 --> 00:06:29,918
the the demand Zone that we we

137
00:06:25,399 --> 00:06:32,918
highlighted and for me the point is look

138
00:06:29,918 --> 00:06:36,158
there was a lot of discussion

139
00:06:32,918 --> 00:06:39,078
about um comparisons being made if you

140
00:06:36,160 --> 00:06:42,999
recall back in July or August that

141
00:06:39,079 --> 00:06:45,239
Bitcoin is is is to some extent looking

142
00:06:43,000 --> 00:06:49,080
like it's about to make a move similar

143
00:06:45,240 --> 00:06:51,999
to what we saw in May

144
00:06:49,079 --> 00:06:54,519
2021 my question for you is very very

145
00:06:52,000 --> 00:06:57,878
simple it's such

146
00:06:54,519 --> 00:07:01,519
that does this okay the fact that we are

147
00:06:57,879 --> 00:07:01,520
making or that we have

148
00:07:02,560 --> 00:07:09,119
printed a lower high a lower low lower

149
00:07:06,079 --> 00:07:11,159
high lower low lower high fine that's

150
00:07:09,120 --> 00:07:13,318
okay but when you truly look at this

151
00:07:11,160 --> 00:07:17,120
structure over the last 6

152
00:07:13,319 --> 00:07:21,198
months is this more akin to a rotational

153
00:07:17,120 --> 00:07:23,719
range bar environment or is this akin to

154
00:07:21,199 --> 00:07:25,1000
a trend

155
00:07:23,720 --> 00:07:27,478
down now clearly you can see where is

156
00:07:26,000 --> 00:07:29,638
the trend there there really isn't no

157
00:07:27,478 --> 00:07:32,718
evident Trend to the downside which can

158
00:07:29,639 --> 00:07:34,720
consists of momentum aggressive selling

159
00:07:32,720 --> 00:07:36,1000
which causes price to Rally low down

160
00:07:34,720 --> 00:07:39,1000
without any real significant pullback

161
00:07:37,000 --> 00:07:43,519
okay until it f finds the next level of

162
00:07:40,000 --> 00:07:47,318
support we don't seem to be

163
00:07:43,519 --> 00:07:50,438
um witnessing that in terms of Bitcoin

164
00:07:47,319 --> 00:07:52,839
what we have seen right is the fact that

165
00:07:50,439 --> 00:07:54,597
price has come in so this is our yearly

166
00:07:52,839 --> 00:07:57,598
uh mid-level I'm just going to mark this

167
00:07:54,598 --> 00:08:00,239
as in in in uh red sorry so just to

168
00:07:57,598 --> 00:08:02,878
highlight this key demand Zone that

169
00:08:00,240 --> 00:08:05,599
I've put a lot of emphasis on and the

170
00:08:02,879 --> 00:08:09,680
key thing to note here is that we've had

171
00:08:05,598 --> 00:08:13,637
one attempt two attempts three

172
00:08:09,680 --> 00:08:16,680
attempts into into are very close into

173
00:08:13,639 --> 00:08:20,478
this demand Zone okay yet price every

174
00:08:16,680 --> 00:08:22,878
time has traded for a brief period of

175
00:08:20,478 --> 00:08:25,519
time below this yearly mid level and

176
00:08:22,879 --> 00:08:27,399
closed back above and pushed up high and

177
00:08:25,519 --> 00:08:30,477
again and

178
00:08:27,399 --> 00:08:31,998
again so when you see that on the charts

179
00:08:30,478 --> 00:08:33,679
the next question you want to be asking

180
00:08:32,000 --> 00:08:36,839
yourself is what is price telling you

181
00:08:33,679 --> 00:08:38,717
what is the actual Logic for being short

182
00:08:36,839 --> 00:08:40,839
biased knowing that price has just

183
00:08:38,719 --> 00:08:44,398
traded below the yearly level it's

184
00:08:40,839 --> 00:08:46,920
tagged a very key pivotal demand Zone

185
00:08:44,399 --> 00:08:50,080
and it's found acceptance back up a 44

186
00:08:46,919 --> 00:08:53,039
uh 54k level why in that instance are

187
00:08:50,080 --> 00:08:55,599
you looking for looking for shorts so

188
00:08:53,039 --> 00:08:57,398
it's clearly evident that three failed

189
00:08:55,600 --> 00:09:00,560
attempts to find acceptance below the

190
00:08:57,399 --> 00:09:02,639
early midlevel can't even

191
00:09:00,559 --> 00:09:05,158
trade into the demand Zone in terms of

192
00:09:02,639 --> 00:09:06,837
candle closes just Wicks that should

193
00:09:05,159 --> 00:09:09,359
tell you that buyers are stepping into

194
00:09:06,839 --> 00:09:11,640
to the market at this level okay this is

195
00:09:09,360 --> 00:09:13,480
a Zone where you want to be or should

196
00:09:11,639 --> 00:09:15,239
have been looking to buy now for those

197
00:09:13,480 --> 00:09:17,760
of you who followed my streams or follow

198
00:09:15,240 --> 00:09:19,640
the timelines I've been very vocal about

199
00:09:17,759 --> 00:09:21,558
buying these lows below the yearly mid

200
00:09:19,639 --> 00:09:22,799
level looking for those reclaims it's

201
00:09:21,559 --> 00:09:25,398
worked every

202
00:09:22,799 --> 00:09:29,398
time we've had a good reaction we've

203
00:09:25,399 --> 00:09:30,1000
traded up into the 63k level Okay so

204
00:09:29,399 --> 00:09:33,839
from a high time frame

205
00:09:31,000 --> 00:09:35,919
perspective as long as we are above 55

206
00:09:33,839 --> 00:09:38,359
56k level I don't have any concerns

207
00:09:35,919 --> 00:09:40,879
about the downside I'm continuing to

208
00:09:38,360 --> 00:09:44,440
seek long opportunities in the market

209
00:09:40,879 --> 00:09:46,718
for what has predominantly been a

210
00:09:44,440 --> 00:09:49,398
rotational range B

211
00:09:46,720 --> 00:09:52,200
environment where there's a market to be

212
00:09:49,399 --> 00:09:55,278
traded for both Longs and shorts at the

213
00:09:52,200 --> 00:09:57,320
edges of the range okay where I don't

214
00:09:55,278 --> 00:09:59,518
particularly want to do my business is

215
00:09:57,320 --> 00:10:01,720
is like I said is pretty much in the

216
00:09:59,519 --> 00:10:04,519
middle of nor man's land unless there's

217
00:10:01,720 --> 00:10:06,439
a significant pullback and contextually

218
00:10:04,519 --> 00:10:08,719
it makes sense for me to continue

219
00:10:06,440 --> 00:10:11,319
looking for Longs in this instance when

220
00:10:08,720 --> 00:10:13,079
you think about the context here three

221
00:10:11,320 --> 00:10:16,398
attempts to break below the early open

222
00:10:13,078 --> 00:10:18,078
we can't so therefore again any moves

223
00:10:16,399 --> 00:10:19,479
lower down I think if you haven't

224
00:10:18,078 --> 00:10:21,319
already positioned or you're looking for

225
00:10:19,480 --> 00:10:22,839
long opportunities you're essentially

226
00:10:21,320 --> 00:10:25,078
looking for a move lower down we'll talk

227
00:10:22,839 --> 00:10:26,160
about trade setups slightly ahead in the

228
00:10:25,078 --> 00:10:30,078
streams but I'm just trying to give you

229
00:10:26,159 --> 00:10:32,397
the contextual overview of price okay

230
00:10:30,078 --> 00:10:35,318
now if you want to take it another step

231
00:10:32,399 --> 00:10:38,120
simpler when you look at areas of value

232
00:10:35,320 --> 00:10:41,360
Bitcoin has predominantly been

233
00:10:38,120 --> 00:10:44,440
trading at that 59k level if you look at

234
00:10:41,360 --> 00:10:46,398
the the majority of the price action it

235
00:10:44,440 --> 00:10:51,119
has been contained between the

236
00:10:46,399 --> 00:10:53,1000
69 sorry the uh 59 and 70k level

237
00:10:51,120 --> 00:10:56,398
okay every time price has broken below

238
00:10:54,000 --> 00:10:58,519
this key swing low here at coming out

239
00:10:56,399 --> 00:11:00,480
all right call 56 give or take we've

240
00:10:58,519 --> 00:11:03,679
managed to find acceptance back inside

241
00:11:00,480 --> 00:11:05,159
okay now how many more times is it going

242
00:11:03,679 --> 00:11:08,078
to take for

243
00:11:05,159 --> 00:11:09,439
Bitcoin to eventually gravitate to the

244
00:11:08,078 --> 00:11:12,159
upside which is the scenario that I'm

245
00:11:09,440 --> 00:11:15,959
leaning towards

246
00:11:12,159 --> 00:11:19,397
okay so from a contextual perspective

247
00:11:15,958 --> 00:11:22,398
I'm not aggressively looking for shorts

248
00:11:19,399 --> 00:11:24,040
I'm continuing to remain contextually

249
00:11:22,399 --> 00:11:27,480
looking for

250
00:11:24,039 --> 00:11:27,478
Longs is that

251
00:11:27,958 --> 00:11:33,517
clear yes we are ranging yes we are

252
00:11:31,200 --> 00:11:36,039
descending but the degree of

253
00:11:33,519 --> 00:11:37,479
descent isn't all that aggressive if you

254
00:11:36,039 --> 00:11:41,598
really think about

255
00:11:37,480 --> 00:11:43,800
it and if you think of continuation

256
00:11:41,600 --> 00:11:45,439
patterns here's an example for you to

257
00:11:43,799 --> 00:11:49,077
contemplate

258
00:11:45,440 --> 00:11:51,159
okay when you see something like this

259
00:11:49,078 --> 00:11:53,438
okay price trends down and what does it

260
00:11:51,159 --> 00:11:55,359
do it goes into a corrective

261
00:11:53,440 --> 00:11:58,119
pattern now for those of you who

262
00:11:55,360 --> 00:12:00,959
remember this I I fully remember trading

263
00:11:58,120 --> 00:12:03,440
this because many people assumed that

264
00:12:00,958 --> 00:12:05,318
this was the range bound environment

265
00:12:03,440 --> 00:12:06,519
okay and the setup that I had it's

266
00:12:05,320 --> 00:12:09,199
actually on the

267
00:12:06,519 --> 00:12:11,039
timeline Bitcoin was trading around

268
00:12:09,200 --> 00:12:12,958
about here and I clearly said that look

269
00:12:11,039 --> 00:12:15,999
my expectations are for Bitcoin to trade

270
00:12:12,958 --> 00:12:17,198
up take out these highs the majority

271
00:12:16,000 --> 00:12:19,079
will probably get bullish because this

272
00:12:17,198 --> 00:12:21,118
is a breaking Market structure and

273
00:12:19,078 --> 00:12:24,318
therefore their expect expectation is

274
00:12:21,120 --> 00:12:25,839
higher my expectation was the minute

275
00:12:24,320 --> 00:12:27,518
this gets back inside it's going to sell

276
00:12:25,839 --> 00:12:30,199
off and that's essentially what happened

277
00:12:27,519 --> 00:12:31,799
we traded back to the lows so

278
00:12:30,198 --> 00:12:35,039
you would think that the this is a

279
00:12:31,799 --> 00:12:36,518
series of higher highs higher lows

280
00:12:35,039 --> 00:12:38,438
higher highs therefore you'd think this

281
00:12:36,519 --> 00:12:40,160
is bullish and therefore you'd think

282
00:12:38,440 --> 00:12:42,359
yeah we're going to go back to you know

283
00:12:40,159 --> 00:12:44,798
pretty much closer or push up to towards

284
00:12:42,360 --> 00:12:46,398
alltime highs it clearly wasn't the case

285
00:12:44,799 --> 00:12:49,077
so contextually this was a corrective

286
00:12:46,399 --> 00:12:52,278
pattern from January February March

287
00:12:49,078 --> 00:12:53,957
April May right before it broke down a

288
00:12:52,278 --> 00:12:57,039
good four or five months

289
00:12:53,958 --> 00:12:59,158
there equally when you think of this

290
00:12:57,039 --> 00:13:02,239
structure here I don't see how this is

291
00:12:59,159 --> 00:13:04,518
is any different to what we've had in

292
00:13:02,240 --> 00:13:05,760
this respect okay so again looking for

293
00:13:04,519 --> 00:13:08,879
that

294
00:13:05,759 --> 00:13:11,077
corrective consolidation that isn't

295
00:13:08,879 --> 00:13:12,599
turning out to break into a distribution

296
00:13:11,078 --> 00:13:14,517
range which suggests that we're going to

297
00:13:12,600 --> 00:13:17,880
get marked down because clearly there's

298
00:13:14,519 --> 00:13:20,039
no momentum to the downside so I I don't

299
00:13:17,879 --> 00:13:22,239
know where or why the cost of

300
00:13:20,039 --> 00:13:25,119
distribution were were were being

301
00:13:22,240 --> 00:13:26,799
flagged up on the timeline but again

302
00:13:25,120 --> 00:13:28,120
it's not unexpected when you when you

303
00:13:26,799 --> 00:13:30,759
see price

304
00:13:28,120 --> 00:13:32,560
Trading one side of the extreme and then

305
00:13:30,759 --> 00:13:34,439
eventually you'd expect it to go to the

306
00:13:32,559 --> 00:13:36,637
other side of the extreme where you'll

307
00:13:34,440 --> 00:13:38,279
find mass Euphoria the whole point is

308
00:13:36,639 --> 00:13:40,440
just to be

309
00:13:38,278 --> 00:13:43,718
objective and when you see these extreme

310
00:13:40,440 --> 00:13:46,839
sell-offs matched by

311
00:13:43,720 --> 00:13:48,1000
liquidations shorts piling in the Delta

312
00:13:46,839 --> 00:13:51,119
showing you the data quite often it

313
00:13:49,000 --> 00:13:54,198
provides you with a very good long setup

314
00:13:51,120 --> 00:13:56,600
equally when you see aggressive Longs

315
00:13:54,198 --> 00:13:58,319
opening at the highs being absorbed okay

316
00:13:56,600 --> 00:13:59,639
we'll and we'll touch upon Delta in a

317
00:13:58,320 --> 00:14:02,040
couple of weeks time I just want to give

318
00:13:59,639 --> 00:14:04,639
you the contextual aspects of price when

319
00:14:02,039 --> 00:14:07,598
you see aggressive Longs piling in at

320
00:14:04,639 --> 00:14:10,999
this level open Interest really spiking

321
00:14:07,600 --> 00:14:12,959
higher okay but price is unable to push

322
00:14:11,000 --> 00:14:14,919
above the range there's a good chance

323
00:14:12,958 --> 00:14:18,599
that all these participants who trying

324
00:14:14,919 --> 00:14:20,879
to force or trade the breakout

325
00:14:18,600 --> 00:14:22,359
anticipate the breakout will get trapped

326
00:14:20,879 --> 00:14:24,197
and the minute they get

327
00:14:22,360 --> 00:14:25,1000
trapped they're going to close out their

328
00:14:24,198 --> 00:14:29,239
positions once they're offside and price

329
00:14:26,000 --> 00:14:31,240
quickly reverts back to immune reversion

330
00:14:29,240 --> 00:14:32,958
back to the mid-range or whatever okay

331
00:14:31,240 --> 00:14:35,759
that's just the nature of how markets

332
00:14:32,958 --> 00:14:37,999
work in a Range the chances of you

333
00:14:35,759 --> 00:14:39,800
catching a breakout trade from a range

334
00:14:38,000 --> 00:14:41,959
are fairly

335
00:14:39,799 --> 00:14:44,598
low I don't know what the percentage

336
00:14:41,958 --> 00:14:46,799
ratio is but quite often price trades

337
00:14:44,600 --> 00:14:49,800
above the range gets people trapped

338
00:14:46,799 --> 00:14:53,318
reverts back to the mid-range

339
00:14:49,799 --> 00:14:56,119
okay we only have a clear definition

340
00:14:53,320 --> 00:14:58,398
once we find some level of acceptance

341
00:14:56,120 --> 00:15:00,278
above the Range High and you see

342
00:14:58,399 --> 00:15:02,160
continuation or there's large enough

343
00:15:00,278 --> 00:15:03,559
volume you're going to see shorts get

344
00:15:02,159 --> 00:15:05,918
absolutely annihilated in terms of

345
00:15:03,559 --> 00:15:07,919
liquidations Longs are piling in price

346
00:15:05,919 --> 00:15:09,358
will not [ __ ] about it will continue

347
00:15:07,919 --> 00:15:11,358
pushing higher then you might get a

348
00:15:09,360 --> 00:15:14,398
shallow pull back before you see

349
00:15:11,360 --> 00:15:15,959
continuation higher after a good six

350
00:15:14,399 --> 00:15:18,198
seven month period but we're we're still

351
00:15:15,958 --> 00:15:19,799
quite some time away from that so I'm

352
00:15:18,198 --> 00:15:21,919
just trying to give you the context in

353
00:15:19,799 --> 00:15:23,398
thinking ahead of time and what

354
00:15:21,919 --> 00:15:25,119
generally happens at the range highs and

355
00:15:23,399 --> 00:15:27,559
the range lows and how the how the

356
00:15:25,120 --> 00:15:31,679
sentiment shifts

357
00:15:27,559 --> 00:15:34,238
okay right let's take take you back now

358
00:15:31,679 --> 00:15:37,837
um the other part that I want to focus

359
00:15:34,240 --> 00:15:40,759
on in in in this today's session

360
00:15:37,839 --> 00:15:43,480
is let's look at the trend

361
00:15:40,759 --> 00:15:46,398
scanner which is a 1225 I've always been

362
00:15:43,480 --> 00:15:50,800
calling it The 1221 incorrectly it's a

363
00:15:46,399 --> 00:15:53,318
1225 when you look at this okay if my

364
00:15:50,799 --> 00:15:56,799
concern here I did have some concern

365
00:15:53,318 --> 00:16:00,398
that if we take price back to where we

366
00:15:56,799 --> 00:16:00,398
were the previous

367
00:16:00,519 --> 00:16:06,160
Sunday okay this is kind of where we

368
00:16:02,919 --> 00:16:08,398
were at but under no circumstance or

369
00:16:06,159 --> 00:16:10,197
conditioned did I ever state that hey

370
00:16:08,399 --> 00:16:10,838
I'm bearish I think it's time to get out

371
00:16:10,198 --> 00:16:13,758
the

372
00:16:10,839 --> 00:16:16,319
market my objectives was was very clear

373
00:16:13,759 --> 00:16:18,880
as long as we respect this key demand

374
00:16:16,318 --> 00:16:21,518
zone right which you can clearly see

375
00:16:18,879 --> 00:16:23,478
evident by this uh weekly time this was

376
00:16:21,519 --> 00:16:25,959
the consolidation which caused price to

377
00:16:23,480 --> 00:16:27,920
Rally higher price retest this level

378
00:16:25,958 --> 00:16:29,559
comes back gives a rounded retest on The

379
00:16:27,919 --> 00:16:31,919
Daily

380
00:16:29,559 --> 00:16:34,238
okay there's your red retest that for me

381
00:16:31,919 --> 00:16:36,638
was for buying okay the minute we found

382
00:16:34,240 --> 00:16:38,839
acceptance back above 54k that was the

383
00:16:36,639 --> 00:16:41,879
level to buy looking for price to push

384
00:16:38,839 --> 00:16:43,600
back up to 61 62 into the bands that's

385
00:16:41,879 --> 00:16:47,438
where I've taken profit last week or

386
00:16:43,600 --> 00:16:49,800
earlier in the week I should say right

387
00:16:47,440 --> 00:16:51,239
again where did this was the previous

388
00:16:49,799 --> 00:16:53,957
week on on the previous Sunday or

389
00:16:51,240 --> 00:16:56,398
whenever it was rolling It Forward I

390
00:16:53,958 --> 00:17:00,478
started taking profit into 61k and I

391
00:16:56,399 --> 00:17:02,360
stayed flat until after f m c so now

392
00:17:00,480 --> 00:17:05,600
what's interesting

393
00:17:02,360 --> 00:17:08,438
is as per the example that I gave is

394
00:17:05,599 --> 00:17:10,118
that if this is bullish you want to see

395
00:17:08,439 --> 00:17:11,640
price find acceptance back above the

396
00:17:10,119 --> 00:17:15,437
bands you don't want to see the weekly

397
00:17:11,640 --> 00:17:18,120
bands give a death cross this was

398
00:17:15,439 --> 00:17:21,240
another example very similarly that we

399
00:17:18,119 --> 00:17:23,758
saw in October 2023 you can see the

400
00:17:21,240 --> 00:17:25,438
bands pinching literally about to death

401
00:17:23,759 --> 00:17:28,119
cross but what does price do

402
00:17:25,439 --> 00:17:29,559
consolidates Under the bands and this is

403
00:17:28,119 --> 00:17:32,439
what's important is when you're using

404
00:17:29,558 --> 00:17:34,479
moving averages pay very close attention

405
00:17:32,440 --> 00:17:36,678
to this one concept don't look at the

406
00:17:34,480 --> 00:17:38,480
bands from a single point of view and

407
00:17:36,679 --> 00:17:41,119
think oh there's a chance of a death

408
00:17:38,480 --> 00:17:43,239
cross look at the context of price is

409
00:17:41,119 --> 00:17:45,678
price actually a fair distance away from

410
00:17:43,240 --> 00:17:48,079
the bands or is price actually

411
00:17:45,679 --> 00:17:50,480
compressing and trading underneath the

412
00:17:48,079 --> 00:17:52,998
bands and like I said when price is

413
00:17:50,480 --> 00:17:55,079
trading close to the bands despite the

414
00:17:53,000 --> 00:17:56,439
bands compressing there's always that

415
00:17:55,079 --> 00:17:58,279
possibility that it can pop to the

416
00:17:56,440 --> 00:18:01,079
upside and when it does you don't want

417
00:17:58,279 --> 00:18:04,078
to be fading that momentum

418
00:18:01,079 --> 00:18:06,279
okay so just something to bear in mind

419
00:18:04,079 --> 00:18:08,558
and and I gave an example of this on the

420
00:18:06,279 --> 00:18:11,439
timeline earlier in the week before this

421
00:18:08,558 --> 00:18:14,798
even happened is again when you look at

422
00:18:11,440 --> 00:18:17,678
equities right es SPX we were so close

423
00:18:14,798 --> 00:18:21,158
so close to a death cross on the 1225

424
00:18:17,679 --> 00:18:21,159
I've put 1221 here it should be the

425
00:18:21,279 --> 00:18:27,319
1225 but price is very shortlived okay

426
00:18:25,480 --> 00:18:29,440
and once it makes that impulse back

427
00:18:27,319 --> 00:18:31,279
above you really want be questioning

428
00:18:29,440 --> 00:18:33,678
whether you want to short the market or

429
00:18:31,279 --> 00:18:35,639
is it perhaps easier to buy the pull

430
00:18:33,679 --> 00:18:38,159
back into the bands and just go with a

431
00:18:35,640 --> 00:18:40,319
momentum to the upside okay again this

432
00:18:38,159 --> 00:18:43,479
is a corrective pattern very it could

433
00:18:40,319 --> 00:18:44,639
have been very easily assumed to be a a

434
00:18:43,480 --> 00:18:46,520
bearish pattern because there's a

435
00:18:44,640 --> 00:18:48,600
breaking structure there's a lower high

436
00:18:46,519 --> 00:18:51,158
there's a lower low you'd think okay if

437
00:18:48,599 --> 00:18:53,158
this is a lower high and rejects and the

438
00:18:51,159 --> 00:18:55,599
bands cross over then you've got more

439
00:18:53,159 --> 00:18:57,840
weight to start looking for shorts the

440
00:18:55,599 --> 00:19:00,759
fact that this is now reclaimed above

441
00:18:57,839 --> 00:19:03,119
that 4350 level should really make you

442
00:19:00,759 --> 00:19:05,677
realize the fact that hang on a minute

443
00:19:03,119 --> 00:19:07,279
price has just reclaimed a key level

444
00:19:05,679 --> 00:19:10,879
there's a real likelihood of trend

445
00:19:07,279 --> 00:19:13,239
continuation here unless right unless

446
00:19:10,880 --> 00:19:15,519
you get something like this a deviation

447
00:19:13,240 --> 00:19:16,999
or an over and under of over under of

448
00:19:15,519 --> 00:19:20,278
the bounds then you can say with

449
00:19:17,000 --> 00:19:22,120
conviction hang on a minute this isn't

450
00:19:20,279 --> 00:19:24,037
great this is not what you expected you

451
00:19:22,119 --> 00:19:25,719
really wanted to see the level hold the

452
00:19:24,038 --> 00:19:27,319
minute it gets back under the bands

453
00:19:25,720 --> 00:19:28,519
you've got your invalidation at highs

454
00:19:27,319 --> 00:19:29,399
now you can really start looking for the

455
00:19:28,519 --> 00:19:32,157
short

456
00:19:29,400 --> 00:19:35,039
with a certain greater degree of

457
00:19:32,159 --> 00:19:36,1000
confidence and conviction okay now when

458
00:19:35,038 --> 00:19:39,599
you go back to the Bitcoin

459
00:19:37,000 --> 00:19:42,599
chart again you've got to ask yourself

460
00:19:39,599 --> 00:19:45,677
right okay yes price is coming into a

461
00:19:42,599 --> 00:19:49,158
level of resistance at 65k right there's

462
00:19:45,679 --> 00:19:52,720
no denying that could this be the move

463
00:19:49,159 --> 00:19:55,479
which either we reject from this level

464
00:19:52,720 --> 00:19:57,798
therefore it's a continuation of lower

465
00:19:55,480 --> 00:20:00,399
high lower high lower high another lower

466
00:19:57,798 --> 00:20:03,677
high and another one but then what's key

467
00:20:00,400 --> 00:20:06,880
for me is are we likely to respect the

468
00:20:03,679 --> 00:20:08,720
12 and the 25 moving average into what

469
00:20:06,880 --> 00:20:11,320
could potentially provide a very good

470
00:20:08,720 --> 00:20:13,678
buying opportunity so the key level from

471
00:20:11,319 --> 00:20:16,319
a high time frame context is that 60k

472
00:20:13,679 --> 00:20:18,999
level and again when you draw the line

473
00:20:16,319 --> 00:20:22,158
across the chart it's that key range

474
00:20:19,000 --> 00:20:25,639
level okay where majority of the price

475
00:20:22,159 --> 00:20:29,240
action is traded with this being

476
00:20:25,640 --> 00:20:31,479
somewhat of a ShakeOut where I'm sure

477
00:20:29,240 --> 00:20:33,558
many people have cut their positions or

478
00:20:31,480 --> 00:20:35,520
being led to shake out or this fear that

479
00:20:33,558 --> 00:20:38,479
we're going to go to 30k but what do we

480
00:20:35,519 --> 00:20:42,038
see price doing find an acceptance back

481
00:20:38,480 --> 00:20:43,600
inside that key 60k level all right so

482
00:20:42,038 --> 00:20:46,719
just something to think about that key

483
00:20:43,599 --> 00:20:49,639
60k level that's where the 1225 bands

484
00:20:46,720 --> 00:20:53,599
are if we see a a corrective move down

485
00:20:49,640 --> 00:20:54,760
from 65 back into that 61 60k level

486
00:20:53,599 --> 00:20:57,158
that's the level that you want to see

487
00:20:54,759 --> 00:20:58,678
hold on for PR priv price to start

488
00:20:57,159 --> 00:21:00,960
pushing away from that level to really

489
00:20:58,679 --> 00:21:02,679
start entertaining Longs again should we

490
00:21:00,960 --> 00:21:06,960
get the pull

491
00:21:02,679 --> 00:21:06,959
back okay is that

492
00:21:08,400 --> 00:21:12,558
clear it's not a case of what's more

493
00:21:10,839 --> 00:21:15,678
accurate it's it doesn't matter if you

494
00:21:12,558 --> 00:21:18,678
use a 12 21 1225 you know the subtle

495
00:21:15,679 --> 00:21:20,760
differences it's the context of price

496
00:21:18,679 --> 00:21:24,360
I'm not looking at the 1221 to give me a

497
00:21:20,759 --> 00:21:27,959
perfect or the 1225 to give me a perfect

498
00:21:24,359 --> 00:21:29,677
inflection point it's a an inflection

499
00:21:27,960 --> 00:21:32,639
point of

500
00:21:29,679 --> 00:21:33,999
ability it's a data point that I can

501
00:21:32,640 --> 00:21:36,120
take into

502
00:21:34,000 --> 00:21:39,320
consideration such that I can then

503
00:21:36,119 --> 00:21:42,239
decide what's my next action what am I

504
00:21:39,319 --> 00:21:44,557
likely to do next I'm being reactive to

505
00:21:42,240 --> 00:21:46,520
what price is telling me I'm not using

506
00:21:44,558 --> 00:21:48,038
the moving averages like all right if it

507
00:21:46,519 --> 00:21:49,519
comes back into here I'm just going to

508
00:21:48,038 --> 00:21:51,158
buy but until it doesn't until it

509
00:21:49,519 --> 00:21:52,639
doesn't do that I'm just going to sit on

510
00:21:51,159 --> 00:21:55,079
my hands no that's that's not the way to

511
00:21:52,640 --> 00:21:58,199
trade you just have to be prepared for

512
00:21:55,079 --> 00:21:59,079
that scenario if price comes into the

513
00:21:58,200 --> 00:22:00,599
band

514
00:21:59,079 --> 00:22:03,038
ideally you want to see it hold it

515
00:22:00,599 --> 00:22:05,358
doesn't have to if it gets below the

516
00:22:03,038 --> 00:22:09,318
bands which is in this instance although

517
00:22:05,359 --> 00:22:11,277
I've year marked 60k as that key level

518
00:22:09,319 --> 00:22:12,758
for me the clear inv validation is such

519
00:22:11,278 --> 00:22:14,999
that all right

520
00:22:12,759 --> 00:22:17,438
look I've already given you two points

521
00:22:15,000 --> 00:22:20,120
of Confluence here this this this 59k

522
00:22:17,440 --> 00:22:23,279
level 60k level you then have to ask

523
00:22:20,119 --> 00:22:26,439
yourself look with the bands pinching at

524
00:22:23,278 --> 00:22:29,917
this level okay my expectancy here is

525
00:22:26,440 --> 00:22:33,039
for continuation higher but if this is a

526
00:22:29,919 --> 00:22:34,919
rejection and then trades under here at

527
00:22:33,038 --> 00:22:37,158
that point I have to be open to the idea

528
00:22:34,919 --> 00:22:38,919
that well once again it it's quite

529
00:22:37,159 --> 00:22:42,399
probable that we're going to trade back

530
00:22:38,919 --> 00:22:43,720
into the 54k level and based upon that

531
00:22:42,400 --> 00:22:45,880
context I'll have to start thinking

532
00:22:43,720 --> 00:22:47,720
about trade setups on the lower time

533
00:22:45,880 --> 00:22:50,759
frame but the key is to get my context

534
00:22:47,720 --> 00:22:50,760
right in the first

535
00:22:52,400 --> 00:22:56,558
instance very simple approach we're not

536
00:22:54,880 --> 00:22:58,840
looking at open interest we're not

537
00:22:56,558 --> 00:23:01,239
looking at funding we're not looking at

538
00:22:58,839 --> 00:23:03,438
um all the other [ __ ] that gets Ted on

539
00:23:01,240 --> 00:23:04,840
Twitter price action is King this is

540
00:23:03,440 --> 00:23:08,039
going to show you your structure this is

541
00:23:04,839 --> 00:23:09,839
going to help you make you understand

542
00:23:08,038 --> 00:23:11,639
the levels where you wish to trade get

543
00:23:09,839 --> 00:23:13,959
this right get your principles right

544
00:23:11,640 --> 00:23:15,880
first then if you want to bring in all

545
00:23:13,960 --> 00:23:18,918
the other points of data which adds

546
00:23:15,880 --> 00:23:21,840
Confluence go ahead and do so

547
00:23:18,919 --> 00:23:23,880
okay but most of my trading decisions

548
00:23:21,839 --> 00:23:25,999
have been purely based upon price

549
00:23:23,880 --> 00:23:29,519
action understanding raw price action

550
00:23:26,000 --> 00:23:31,480
with volume to make a decision then

551
00:23:29,519 --> 00:23:33,318
going on the lower time frames looking

552
00:23:31,480 --> 00:23:36,480
at liquidations looking at open interest

553
00:23:33,319 --> 00:23:38,319
and looking at the Delta to see where

554
00:23:36,480 --> 00:23:40,120
participants are position are shorts

555
00:23:38,319 --> 00:23:42,198
getting aggressive into the lows are

556
00:23:40,119 --> 00:23:43,558
Longs getting aggressive into the highs

557
00:23:42,200 --> 00:23:45,880
if they are I want to start taking

558
00:23:43,558 --> 00:23:48,718
profit or hedge with a short for any

559
00:23:45,880 --> 00:23:50,240
long exposure that I have and again if

560
00:23:48,720 --> 00:23:52,240
you don't understand those points we

561
00:23:50,240 --> 00:23:54,119
will start touching upon them just for

562
00:23:52,240 --> 00:23:56,520
the first few videos I wanted to just

563
00:23:54,119 --> 00:23:58,718
give a real primer on how I think about

564
00:23:56,519 --> 00:24:00,599
price action really slow down I'm

565
00:23:58,720 --> 00:24:03,120
looking for one or two trades a week Max

566
00:24:00,599 --> 00:24:05,639
on bitcoin if I don't get one that's

567
00:24:03,119 --> 00:24:08,599
fine okay that's absolutely

568
00:24:05,640 --> 00:24:12,479
fine but for now we are still within

569
00:24:08,599 --> 00:24:15,478
this rotational rangeb environment and

570
00:24:12,480 --> 00:24:15,480
that's all there is to it

571
00:24:27,200 --> 00:24:31,320
really hi how much of your decision so

572
00:24:29,398 --> 00:24:33,999
there's a question how much is how much

573
00:24:31,319 --> 00:24:36,678
of your decision making on the high time

574
00:24:34,000 --> 00:24:39,240
frame is based on data versus discretion

575
00:24:36,679 --> 00:24:41,360
well it's all discretion the data is

576
00:24:39,240 --> 00:24:43,839
basically okay there there's two ways to

577
00:24:41,359 --> 00:24:47,958
think about all right how I think about

578
00:24:43,839 --> 00:24:50,678
markets is understanding first of all

579
00:24:47,960 --> 00:24:52,559
the levels I want to trade okay once I

580
00:24:50,679 --> 00:24:56,320
understand the levels that I wish to

581
00:24:52,558 --> 00:24:58,958
trade then I look for price and data

582
00:24:56,319 --> 00:25:01,439
points on the lower time frame and

583
00:24:58,960 --> 00:25:03,479
that's where trade execution comes in

584
00:25:01,440 --> 00:25:05,440
okay that's where I have a completely

585
00:25:03,480 --> 00:25:07,798
different set of rules that now that

586
00:25:05,440 --> 00:25:10,558
price is trading in this Zone how am I

587
00:25:07,798 --> 00:25:12,677
looking to execute and that's where from

588
00:25:10,558 --> 00:25:13,998
the weekly I will drop to the 1 hour and

589
00:25:12,679 --> 00:25:17,278
have a look at what the 1 hour chart is

590
00:25:14,000 --> 00:25:19,559
telling me looking for a potential uh

591
00:25:17,278 --> 00:25:21,999
trigger point in this

592
00:25:19,558 --> 00:25:24,878
instance you know um I can't remember

593
00:25:22,000 --> 00:25:27,480
where it was it was this it this um Zone

594
00:25:24,880 --> 00:25:29,559
here this was the 4-Hour demand Zone

595
00:25:27,480 --> 00:25:32,398
that I wanted to to see price initially

596
00:25:29,558 --> 00:25:34,199
hold okay I wanted to bid this but the

597
00:25:32,398 --> 00:25:37,917
fact that we just ripped through this

598
00:25:34,200 --> 00:25:40,158
level was wasn't a trigger for me but I

599
00:25:37,919 --> 00:25:42,678
remember on stream that I think it was

600
00:25:40,159 --> 00:25:45,559
last Sunday we around about here this

601
00:25:42,679 --> 00:25:47,919
54k level and I clearly stated I think I

602
00:25:45,558 --> 00:25:50,519
marked something out like what was it it

603
00:25:47,919 --> 00:25:53,279
was probably something along the lines

604
00:25:50,519 --> 00:25:55,038
of you can go back and check this free

605
00:25:53,278 --> 00:25:57,438
it was something along the lines of look

606
00:25:55,038 --> 00:25:59,158
if I'm going to get long on this knowing

607
00:25:57,440 --> 00:26:01,678
that this is into that key yearly

608
00:25:59,159 --> 00:26:04,880
mid-level or key demand zone for me the

609
00:26:01,679 --> 00:26:08,240
level that has to hold now is this here

610
00:26:04,880 --> 00:26:10,158
any retests okay of this level and push

611
00:26:08,240 --> 00:26:12,480
back Above This is now my invalidation

612
00:26:10,159 --> 00:26:14,840
point I don't mind price retesting this

613
00:26:12,480 --> 00:26:17,480
but we're back inside that key demand

614
00:26:14,839 --> 00:26:20,398
Zone we're back inside the range there's

615
00:26:17,480 --> 00:26:23,239
my swing High to the uh to the um the

616
00:26:20,398 --> 00:26:24,917
left range Low Range High that was the

617
00:26:23,240 --> 00:26:27,200
deviation above it which caused price to

618
00:26:24,919 --> 00:26:29,119
come back to the the the 4-Hour demand

619
00:26:27,200 --> 00:26:32,640
Zone which failed to

620
00:26:29,119 --> 00:26:34,798
we got the uh extended selloff shorts

621
00:26:32,640 --> 00:26:36,398
piling in at the lows that was good

622
00:26:34,798 --> 00:26:38,157
enough for me okay liquidations shorts

623
00:26:36,398 --> 00:26:40,758
piling at the

624
00:26:38,159 --> 00:26:43,038
lows sellers unable to push the market

625
00:26:40,759 --> 00:26:45,079
they got trapped price on wires back to

626
00:26:43,038 --> 00:26:48,358
the highs back to that key level again

627
00:26:45,079 --> 00:26:52,479
okay that key pivotal point which is

628
00:26:48,359 --> 00:26:54,918
62.8 or 62.9 call it give or take 63k

629
00:26:52,480 --> 00:26:56,720
all right so that's the context that we

630
00:26:54,919 --> 00:26:59,319
spoke about that why are we looking for

631
00:26:56,720 --> 00:27:00,840
shorts when price has been selling off

632
00:26:59,319 --> 00:27:05,798
for the

633
00:27:00,839 --> 00:27:05,797
last week or so that was on the previous

634
00:27:05,839 --> 00:27:14,037
stream and my object my my objective was

635
00:27:09,278 --> 00:27:17,918
that 61 62k level into the 1225 moving

636
00:27:14,038 --> 00:27:17,917
averages essentially where I've taken

637
00:27:20,200 --> 00:27:23,720
profit what do I think about the yield

638
00:27:22,319 --> 00:27:25,319
curve coming out of inversion we'll

639
00:27:23,720 --> 00:27:28,200
discuss that on Sunday's stream I just

640
00:27:25,319 --> 00:27:30,439
want to talk about price action basics

641
00:27:28,200 --> 00:27:32,719
now moving forward look

642
00:27:30,440 --> 00:27:33,799
um the range that I'm looking to play

643
00:27:32,720 --> 00:27:35,880
now I'm just going to talk about trade

644
00:27:33,798 --> 00:27:39,479
setups here we've been on stream for

645
00:27:35,880 --> 00:27:41,200
literally 25 minutes time flies right um

646
00:27:39,480 --> 00:27:44,999
but essentially this is the range for me

647
00:27:41,200 --> 00:27:48,518
look it it's this is all I'm looking to

648
00:27:45,000 --> 00:27:50,360
trade I'm not even discussing I've never

649
00:27:48,519 --> 00:27:52,439
once on the timeline mentioned

650
00:27:50,359 --> 00:27:55,198
distribution or I think the top is in I

651
00:27:52,440 --> 00:27:55,199
I just think it's

652
00:27:55,640 --> 00:27:59,278
pointless I find that too many people

653
00:27:57,759 --> 00:28:01,439
are just trying be heroes in terms of

654
00:27:59,278 --> 00:28:03,718
calling a top when there's no real clear

655
00:28:01,440 --> 00:28:05,880
signs of it being a top especially when

656
00:28:03,720 --> 00:28:08,239
you've got equities and NASDAQ rallying

657
00:28:05,880 --> 00:28:10,120
higher um to me there's no indications

658
00:28:08,240 --> 00:28:11,918
or signs of that this is a top or that

659
00:28:10,119 --> 00:28:14,518
this is bearish you know in terms of the

660
00:28:11,919 --> 00:28:16,039
next several months we're in a Range it

661
00:28:14,519 --> 00:28:18,959
that's all there is to it we we can't

662
00:28:16,038 --> 00:28:21,198
seem to find acceptance below this key

663
00:28:18,960 --> 00:28:23,759
level and until that until we do or well

664
00:28:21,200 --> 00:28:26,158
until we can't then it's very very

665
00:28:23,759 --> 00:28:28,119
simple price comes into the range lows

666
00:28:26,159 --> 00:28:30,359
I'm looking for Longs give me a pull

667
00:28:28,119 --> 00:28:32,439
pull back into this level here I'll look

668
00:28:30,359 --> 00:28:34,198
for another longer so again taking the

669
00:28:32,440 --> 00:28:38,319
midle of this range

670
00:28:34,200 --> 00:28:38,320
now right we're just in that key

671
00:28:45,720 --> 00:28:52,918
zone now the key the key Point here is

672
00:28:49,880 --> 00:28:55,320
that yes this is still a lower high but

673
00:28:52,919 --> 00:28:56,879
I think it's probably well documented

674
00:28:55,319 --> 00:28:58,959
now on Twitter that you know we're

675
00:28:56,880 --> 00:29:01,798
looking for a breaking structure

676
00:28:58,960 --> 00:29:04,200
possibly a swing High into a higher low

677
00:29:01,798 --> 00:29:06,677
I think that could give a very good

678
00:29:04,200 --> 00:29:09,839
trade setup before we see continuation

679
00:29:06,679 --> 00:29:11,959
higher okay that's one

680
00:29:09,839 --> 00:29:14,678
possibility the second possibility is

681
00:29:11,960 --> 00:29:17,639
that we may not even print a new higher

682
00:29:14,679 --> 00:29:20,760
high compared to the previous Wing at

683
00:29:17,640 --> 00:29:23,359
that point so again I think if something

684
00:29:20,759 --> 00:29:25,358
like this did play out the question then

685
00:29:23,359 --> 00:29:28,238
arises EXO would you be looking to short

686
00:29:25,359 --> 00:29:31,839
this I'm not sure it depends okay if I

687
00:29:28,240 --> 00:29:34,959
see Longs piling in at this level and uh

688
00:29:31,839 --> 00:29:36,157
shorts getting squeezed out and then

689
00:29:34,960 --> 00:29:37,799
Longs get trapped but there's no

690
00:29:36,159 --> 00:29:40,159
continuation momentum there's large

691
00:29:37,798 --> 00:29:42,198
spikes of volume opening up in here but

692
00:29:40,159 --> 00:29:44,200
price has been able to push further then

693
00:29:42,200 --> 00:29:47,518
yeah I might I may just take a shortterm

694
00:29:44,200 --> 00:29:50,839
trade back into that 60 61 62k level

695
00:29:47,519 --> 00:29:53,559
okay I may do but it's not a high

696
00:29:50,839 --> 00:29:56,199
priority trade for me I think what

697
00:29:53,558 --> 00:29:58,239
makes a more logical setup for me is

698
00:29:56,200 --> 00:30:00,518
that let's just assume price can not

699
00:29:58,240 --> 00:30:02,879
trade up into here okay what do we do

700
00:30:00,519 --> 00:30:04,959
then is the crowd now going to turn

701
00:30:02,880 --> 00:30:07,320
bearish in the in in the assumption that

702
00:30:04,960 --> 00:30:09,120
oh no bitcoin's printed another lower

703
00:30:07,319 --> 00:30:10,638
high are we going to go even lower down

704
00:30:09,119 --> 00:30:15,998
which you probably will see some

705
00:30:10,640 --> 00:30:15,1000
scenarios but for me it's it's a case of

706
00:30:16,119 --> 00:30:22,518
look if you

707
00:30:18,159 --> 00:30:26,440
take the weekly low which is Tuesday and

708
00:30:22,519 --> 00:30:31,199
the and price was at that 50 57k level

709
00:30:26,440 --> 00:30:34,199
look any pullbacks into here for me and

710
00:30:31,200 --> 00:30:37,759
again if you look at where that

711
00:30:34,200 --> 00:30:43,840
is where did price react from back in

712
00:30:37,759 --> 00:30:45,478
March 1 2 3 4 5 before it traded under

713
00:30:43,839 --> 00:30:47,999
back Above retested This level and

714
00:30:45,480 --> 00:30:50,398
pushed up higher okay and again it's

715
00:30:48,000 --> 00:30:52,120
it's contained within the earlier range

716
00:30:50,398 --> 00:30:54,157
that I talked about that 60k level

717
00:30:52,119 --> 00:30:57,319
that's where your moving averages are

718
00:30:54,159 --> 00:30:59,399
that 60 61k level this is a key pivotal

719
00:30:57,319 --> 00:31:02,359
point where price has been tested has

720
00:30:59,398 --> 00:31:03,999
tested this level it it's had short LIF

721
00:31:02,359 --> 00:31:06,918
price action below it before it pushes

722
00:31:04,000 --> 00:31:10,480
up higher and again and again okay so

723
00:31:06,919 --> 00:31:12,480
any pullbacks now for me into this level

724
00:31:10,480 --> 00:31:14,960
assuming that we can't take out this

725
00:31:12,480 --> 00:31:16,919
high and we get a reaction that's going

726
00:31:14,960 --> 00:31:18,799
to be the long stop just below Tuesday's

727
00:31:16,919 --> 00:31:22,239
low I'm looking for price then to push

728
00:31:18,798 --> 00:31:24,637
up into that 68 70k level okay that's

729
00:31:22,240 --> 00:31:26,079
one scenario the other scenario and

730
00:31:24,638 --> 00:31:28,118
again if this happens I'm not looking to

731
00:31:26,079 --> 00:31:30,558
short this this is up on the condition

732
00:31:28,119 --> 00:31:33,239
that we just drift back lower down into

733
00:31:30,558 --> 00:31:35,599
this level give a consolidation I'd want

734
00:31:33,240 --> 00:31:37,879
to see this low hold I don't mind price

735
00:31:35,599 --> 00:31:41,158
taking out Tuesday's low and closing

736
00:31:37,880 --> 00:31:43,120
back above that key pivotal 60k level or

737
00:31:41,159 --> 00:31:44,199
back above the bands if it does that

738
00:31:43,119 --> 00:31:46,079
then that's going to be a trigger for me

739
00:31:44,200 --> 00:31:50,039
to go along looking for higher higher

740
00:31:46,079 --> 00:31:51,638
prices at least into 69 70k I I am

741
00:31:50,038 --> 00:31:52,839
leaning towards the possibility that the

742
00:31:51,638 --> 00:31:54,718
price does eventually come back and

743
00:31:52,839 --> 00:31:56,959
clean out these highs here you can see

744
00:31:54,720 --> 00:31:58,760
where Bitcoin it was being capped at

745
00:31:56,960 --> 00:32:00,120
this level it never took out this High I

746
00:31:58,759 --> 00:32:01,917
think if we do start pushing above the

747
00:32:00,119 --> 00:32:03,759
mid level upon a correction that

748
00:32:01,919 --> 00:32:04,999
increases the probability for me to

749
00:32:03,759 --> 00:32:07,397
start trading the upper bound of the

750
00:32:05,000 --> 00:32:09,038
range and eventually tagging at least

751
00:32:07,398 --> 00:32:11,358
the set of highs that's what I would be

752
00:32:09,038 --> 00:32:13,959
looking for anyway okay but subjective

753
00:32:11,359 --> 00:32:16,439
to data subjecting to trade setups as in

754
00:32:13,960 --> 00:32:18,479
when they they come to fruition all

755
00:32:16,440 --> 00:32:19,879
right so that's a pullback scenario this

756
00:32:18,480 --> 00:32:22,039
is the pullback zone that I'm looking

757
00:32:19,880 --> 00:32:24,200
for I really wouldn't be contemplating

758
00:32:22,038 --> 00:32:28,119
shorts I think the the most obvious

759
00:32:24,200 --> 00:32:30,679
short for me or the point in terms of um

760
00:32:28,119 --> 00:32:31,839
having some concern concern in the sense

761
00:32:30,679 --> 00:32:34,760
where all right I think we're going to

762
00:32:31,839 --> 00:32:36,478
go through a much larger another I

763
00:32:34,759 --> 00:32:39,478
wouldn't say larger but perhaps another

764
00:32:36,480 --> 00:32:41,798
window of correctiv in the market is if

765
00:32:39,480 --> 00:32:44,119
we do lose that 59k level then I think

766
00:32:41,798 --> 00:32:45,557
at that point if we get under here and

767
00:32:44,119 --> 00:32:47,277
price cannot seem to find acceptance

768
00:32:45,558 --> 00:32:48,798
back over there then you're probably

769
00:32:47,278 --> 00:32:51,678
thinking to yourself all right we could

770
00:32:48,798 --> 00:32:53,517
just tap back into this Zone here and

771
00:32:51,679 --> 00:32:55,079
then we'll see where we are okay but

772
00:32:53,519 --> 00:32:58,320
again not something that I'll be looking

773
00:32:55,079 --> 00:33:00,718
to trade I want to remain position and

774
00:32:58,319 --> 00:33:02,798
looking for Longs given the the macro

775
00:33:00,720 --> 00:33:04,1000
Outlook the macro context are we heading

776
00:33:02,798 --> 00:33:07,359
into a phase of Goldilocks growth is

777
00:33:05,000 --> 00:33:09,360
holding up relatively well the FED has

778
00:33:07,359 --> 00:33:11,637
cut 50 basis point points you know

779
00:33:09,359 --> 00:33:13,157
markets have held up fairly fairly well

780
00:33:11,638 --> 00:33:14,959
there's still a lot of data to be

781
00:33:13,159 --> 00:33:17,399
processed I think we'll have a much

782
00:33:14,960 --> 00:33:19,519
clearer picture next week so again wre

783
00:33:17,398 --> 00:33:20,999
probably will have a stream on Sunday

784
00:33:19,519 --> 00:33:22,439
heading into tomorrow there's not really

785
00:33:21,000 --> 00:33:25,080
a great deal of action that I'll be

786
00:33:22,440 --> 00:33:27,398
looking to take you know I've had one

787
00:33:25,079 --> 00:33:30,558
trade today uh which was a breakout

788
00:33:27,398 --> 00:33:34,638
above from um well over the last day

789
00:33:30,558 --> 00:33:35,758
which was from 62 62 to literally 63.5

790
00:33:34,638 --> 00:33:37,798
which was that mid level where I've

791
00:33:35,759 --> 00:33:39,917
taken profit now okay I'm not too fussed

792
00:33:37,798 --> 00:33:41,318
if price pushes back above here if it

793
00:33:39,919 --> 00:33:42,798
does you know all right let's just talk

794
00:33:41,319 --> 00:33:44,999
about a scenario that I haven't covered

795
00:33:42,798 --> 00:33:46,918
which is if price does push above

796
00:33:45,000 --> 00:33:49,240
significantly higher then I'm looking

797
00:33:46,919 --> 00:33:50,879
for that pull back into the mid maybe

798
00:33:49,240 --> 00:33:52,599
trades below but as long as price can

799
00:33:50,880 --> 00:33:53,919
hold that mid-range level then I'll

800
00:33:52,599 --> 00:33:56,158
probably start thinking about taking

801
00:33:53,919 --> 00:33:58,359
longs to the range highs off the mid

802
00:33:56,159 --> 00:34:01,080
okay so that's two long scenarios that

803
00:33:58,359 --> 00:34:03,238
I'm looking for if and when they do set

804
00:34:01,079 --> 00:34:04,518
up and hopefully that should cover the

805
00:34:03,240 --> 00:34:05,760
the long scenarios that I'm looking for

806
00:34:04,519 --> 00:34:08,358
I'm not really looking to entertain

807
00:34:05,759 --> 00:34:09,719
shorts no chance okay not the fact not

808
00:34:08,358 --> 00:34:13,039
after the fact that we've tested this

809
00:34:09,719 --> 00:34:14,719
once twice three times um if I see a

810
00:34:13,039 --> 00:34:16,438
real structural weakness then maybe I'll

811
00:34:14,719 --> 00:34:18,118
start thinking about shorts and if there

812
00:34:16,440 --> 00:34:20,118
like I said if there is a short that I'm

813
00:34:18,119 --> 00:34:21,760
probably going to take as a quick trade

814
00:34:20,119 --> 00:34:23,760
if I've got conviction behind it if the

815
00:34:21,760 --> 00:34:25,320
data tells me y a lot of lungs are

816
00:34:23,760 --> 00:34:27,838
trapped up here it's going to be that

817
00:34:25,320 --> 00:34:30,598
Spike up into here and a quick reversion

818
00:34:27,838 --> 00:34:32,799
back into that 61 62k level but again

819
00:34:30,599 --> 00:34:35,358
that's just more on my day trading

820
00:34:32,800 --> 00:34:37,240
shortterm intraday trading account okay

821
00:34:35,358 --> 00:34:40,959
I'm still going to maintain some of my

822
00:34:37,239 --> 00:34:42,758
spot exposure on bitcoin and just look

823
00:34:40,960 --> 00:34:46,359
continue looking to hold that for as

824
00:34:42,760 --> 00:34:46,359
long as we hold that 52k

825
00:34:52,358 --> 00:34:55,798
level all right a quick question about

826
00:34:54,358 --> 00:34:56,758
the old live streams I need to update

827
00:34:55,800 --> 00:34:59,960
them I need to update all the

828
00:34:56,760 --> 00:35:02,279
disclaimers um so just a word of warning

829
00:34:59,960 --> 00:35:04,320
when I republish the old live streams

830
00:35:02,280 --> 00:35:05,839
you will get notified that I've released

831
00:35:04,320 --> 00:35:08,480
videos but they're actually old videos I

832
00:35:05,838 --> 00:35:10,879
just want to give a heads up up on that

833
00:35:08,480 --> 00:35:13,399
okay right in terms of altcoins we'll

834
00:35:10,880 --> 00:35:15,759
just quickly touch upon altcoins

835
00:35:13,400 --> 00:35:18,358
um again I think I'm going to save that

836
00:35:15,760 --> 00:35:21,040
for Sunday but altcoins do look very

837
00:35:18,358 --> 00:35:23,558
very promising and let's just look at

838
00:35:21,039 --> 00:35:24,837
one or two alt coins and we'll take it

839
00:35:23,559 --> 00:35:26,279
from there but when you see these types

840
00:35:24,838 --> 00:35:28,597
of structures

841
00:35:26,280 --> 00:35:35,879
right when you look at the monthly time

842
00:35:28,599 --> 00:35:35,879
frame you've had 1 2 3 4 5 6 months of

843
00:35:36,000 --> 00:35:44,759
selling into a monthly demand Zone

844
00:35:41,320 --> 00:35:47,520
okay into what is almost a doy

845
00:35:44,760 --> 00:35:50,119
candle taking out the

846
00:35:47,519 --> 00:35:54,038
previous July

847
00:35:50,119 --> 00:35:54,039
low my question to you

848
00:35:54,318 --> 00:35:58,758
is why would you even be thinking about

849
00:35:56,559 --> 00:36:00,597
shorts

850
00:35:58,760 --> 00:36:03,040
take them off the table there's no need

851
00:36:00,599 --> 00:36:05,318
to short this Market at this point in

852
00:36:03,039 --> 00:36:08,117
time and if you are shorting then you've

853
00:36:05,318 --> 00:36:10,478
got a question your contextual bias why

854
00:36:08,119 --> 00:36:13,439
are you shorting after price has been

855
00:36:10,480 --> 00:36:16,039
down uh trending down for 6 months and

856
00:36:13,440 --> 00:36:17,680
there's clear signs of exhaustion where

857
00:36:16,039 --> 00:36:20,678
are the signs if you look at this on a

858
00:36:17,679 --> 00:36:23,238
monthly perspective right purely from a

859
00:36:20,679 --> 00:36:23,239
price action

860
00:36:24,838 --> 00:36:30,998
perspective what is this

861
00:36:27,838 --> 00:36:34,559
what is this and what is

862
00:36:31,000 --> 00:36:37,200
this look at the size of the Wicks

863
00:36:34,559 --> 00:36:38,519
okay sellers are unable to push the

864
00:36:37,199 --> 00:36:41,918
market

865
00:36:38,519 --> 00:36:43,879
higher passive buyers are absorbing

866
00:36:41,920 --> 00:36:47,078
price

867
00:36:43,880 --> 00:36:50,319
okay key thing to pay attention to and

868
00:36:47,079 --> 00:36:53,200
you can in fact take a step back and

869
00:36:50,318 --> 00:36:55,678
look at Bitcoin do you or do you not see

870
00:36:53,199 --> 00:36:57,798
these Wicks okay and I've touched upon

871
00:36:55,679 --> 00:37:00,318
this on previous streams look at this

872
00:36:57,800 --> 00:37:03,118
rejection rejection sellers stepping

873
00:37:00,318 --> 00:37:05,279
into the market okay buyers stepping

874
00:37:03,119 --> 00:37:07,599
into the market pushing price higher

875
00:37:05,280 --> 00:37:11,318
buyers stepping into the market pushing

876
00:37:07,599 --> 00:37:11,319
price higher What's Happening

877
00:37:12,039 --> 00:37:16,439
Here subtleties of price action which

878
00:37:14,599 --> 00:37:18,440
you should be paying attention to to

879
00:37:16,440 --> 00:37:20,680
help you understand based upon the

880
00:37:18,440 --> 00:37:24,480
higher time frame what's

881
00:37:20,679 --> 00:37:24,478
happening in terms of price

882
00:37:24,880 --> 00:37:30,920
context so when you look at altcoins

883
00:37:29,239 --> 00:37:33,078
after months of selling or slow bed

884
00:37:30,920 --> 00:37:35,639
lower down we' finally seen some some

885
00:37:33,079 --> 00:37:37,039
form of Wicks appearing in the chart now

886
00:37:35,639 --> 00:37:40,358
look at the

887
00:37:37,039 --> 00:37:43,718
weekly this is a downtrend is this now a

888
00:37:40,358 --> 00:37:44,758
downtrend or are we now forming the part

889
00:37:43,719 --> 00:37:47,999
of a

890
00:37:44,760 --> 00:37:53,318
range then you can go on The

891
00:37:48,000 --> 00:37:55,240
Daily again look at the time and

892
00:37:53,318 --> 00:37:58,358
price

893
00:37:55,239 --> 00:38:02,239
of the chart we've been at these lows

894
00:37:58,358 --> 00:38:05,159
since July August September two months

895
00:38:02,239 --> 00:38:06,758
of price action going sideways in a

896
00:38:05,159 --> 00:38:08,918
Range by

897
00:38:06,760 --> 00:38:11,119
environment look at the size of the

898
00:38:08,920 --> 00:38:13,639
candle bodies at the lows very very

899
00:38:11,119 --> 00:38:15,720
small candle bodies lack of volume lack

900
00:38:13,639 --> 00:38:17,959
of sellers now in the market okay for

901
00:38:15,719 --> 00:38:20,318
markets to go higher there's got to be a

902
00:38:17,960 --> 00:38:22,838
lack of selling participants okay and

903
00:38:20,318 --> 00:38:25,798
eventually price finds a nice balance of

904
00:38:22,838 --> 00:38:27,559
Supply meets demands okay an equilibrium

905
00:38:25,800 --> 00:38:28,800
point

906
00:38:27,559 --> 00:38:30,998
doesn't matter doesn't matter about

907
00:38:28,800 --> 00:38:34,240
inverse Head and Shoulders you know just

908
00:38:31,000 --> 00:38:36,599
pay context to what price is telling you

909
00:38:34,239 --> 00:38:38,479
here now based upon these types of

910
00:38:36,599 --> 00:38:41,118
structures you then have to ask yourself

911
00:38:38,480 --> 00:38:43,960
all right when you think of Market

912
00:38:41,119 --> 00:38:45,559
Cycles when you think of alt Cycles do

913
00:38:43,960 --> 00:38:47,920
you really want to be entertaining

914
00:38:45,559 --> 00:38:49,919
shorts at these local range highs just

915
00:38:47,920 --> 00:38:52,759
so you can trade price a few ticks lower

916
00:38:49,920 --> 00:38:56,439
down or does it make more

917
00:38:52,760 --> 00:38:59,119
sense to wait or start positioning right

918
00:38:56,440 --> 00:39:01,039
and I and I covered this on a on a tweet

919
00:38:59,119 --> 00:39:03,1000
earlier that there's two ways I Look to

920
00:39:01,039 --> 00:39:05,718
play the market one is from a spot

921
00:39:04,000 --> 00:39:09,318
positional perspective that's such that

922
00:39:05,719 --> 00:39:11,919
when price is has come off a trend

923
00:39:09,318 --> 00:39:14,798
prints a high prints a low prints under

924
00:39:11,920 --> 00:39:17,719
the high we start develop in a Range

925
00:39:14,800 --> 00:39:20,439
this is no longer a trending Market I

926
00:39:17,719 --> 00:39:23,799
want to start positioning from a spot

927
00:39:20,440 --> 00:39:25,959
perspective into some exposure okay just

928
00:39:23,800 --> 00:39:27,1000
slowly dollar cost averaging in I'm not

929
00:39:25,960 --> 00:39:31,040
looking to DCA on the way down

930
00:39:28,000 --> 00:39:33,318
I'm looking to DCA in the sideways range

931
00:39:31,039 --> 00:39:35,718
bound environment knowing that I have a

932
00:39:33,318 --> 00:39:37,879
clear inv validation Point knowing that

933
00:39:35,719 --> 00:39:41,837
I'm not catching a

934
00:39:37,880 --> 00:39:43,479
knife now from a futur perspective I

935
00:39:41,838 --> 00:39:47,118
want to be trading momentum to the

936
00:39:43,480 --> 00:39:50,440
upside when price starts breaking out of

937
00:39:47,119 --> 00:39:52,1000
this range this is when I'll start

938
00:39:50,440 --> 00:39:54,598
deploying my uh Futures Capital into

939
00:39:53,000 --> 00:39:57,400
trades looking for the momentum trade

940
00:39:54,599 --> 00:39:59,079
higher knowing that my invalidation is

941
00:39:57,400 --> 00:40:00,560
should price fail to break out it's

942
00:39:59,079 --> 00:40:02,200
going to fall back in the range I've got

943
00:40:00,559 --> 00:40:05,158
to look at the trade so now I'm letting

944
00:40:02,199 --> 00:40:06,958
my Spot Run Spot positions run okay and

945
00:40:05,159 --> 00:40:09,078
I'm also Trad in my Futures account

946
00:40:06,960 --> 00:40:11,040
looking for maximum gains in the least

947
00:40:09,079 --> 00:40:13,800
amount of time at least into this key

948
00:40:11,039 --> 00:40:15,718
mid level here that's how I'm looking to

949
00:40:13,800 --> 00:40:18,240
play the higher time frame I'm just

950
00:40:15,719 --> 00:40:22,358
using this one chart as an

951
00:40:18,239 --> 00:40:24,758
example and that's how I differentiate

952
00:40:22,358 --> 00:40:26,959
between playing spots and for those of

953
00:40:24,760 --> 00:40:29,040
you who wish to play Futures right but

954
00:40:26,960 --> 00:40:30,879
you pissing away your capital on funding

955
00:40:29,039 --> 00:40:33,039
because you probably bought in here and

956
00:40:30,880 --> 00:40:35,280
you sat on that position for 30 40 50

957
00:40:33,039 --> 00:40:38,838
days churning out your account through

958
00:40:35,280 --> 00:40:40,400
funding well maybe switch over to spot

959
00:40:38,838 --> 00:40:42,278
and then look for the momentum trade in

960
00:40:40,400 --> 00:40:43,440
terms of Futures all right your futures

961
00:40:42,280 --> 00:40:45,719
account you're looking for those quick

962
00:40:43,440 --> 00:40:47,040
fast momentum plays your spot account

963
00:40:45,719 --> 00:40:48,598
you can sleep well overnight you're not

964
00:40:47,039 --> 00:40:50,118
going to get liquidated you're looking

965
00:40:48,599 --> 00:40:52,079
to build a position in a rangeb

966
00:40:50,119 --> 00:40:54,279
environment eventually you're looking to

967
00:40:52,079 --> 00:40:56,319
trade or F in terms of Futures Trading

968
00:40:54,280 --> 00:40:57,760
the tail side of that accumulation range

969
00:40:56,318 --> 00:41:01,318
that's all there is to it now if you

970
00:40:57,760 --> 00:41:03,359
want to add context to that again you

971
00:41:01,318 --> 00:41:05,837
can use the trend scanners I think that

972
00:41:03,358 --> 00:41:08,358
it's it's such a great tool for

973
00:41:05,838 --> 00:41:10,759
simplification and again can anybody

974
00:41:08,358 --> 00:41:13,798
remember what I've preached in the past

975
00:41:10,760 --> 00:41:15,639
that when you apply moving averages

976
00:41:13,800 --> 00:41:18,200
don't just look at Price or the moving

977
00:41:15,639 --> 00:41:19,959
averages blindly oh look there's a

978
00:41:18,199 --> 00:41:23,117
there's a A Bear Cross there's a there's

979
00:41:19,960 --> 00:41:25,838
a bull cross what you want to see in an

980
00:41:23,119 --> 00:41:28,720
accumulation range is the bands look at

981
00:41:25,838 --> 00:41:30,838
the trajectory it's going sideways okay

982
00:41:28,719 --> 00:41:33,118
Point number one number two is the bands

983
00:41:30,838 --> 00:41:35,799
are getting chopped at the highs then

984
00:41:33,119 --> 00:41:38,599
the lows at the highs then the lows this

985
00:41:35,800 --> 00:41:41,078
should help you understand that the

986
00:41:38,599 --> 00:41:43,759
context has shifted from a trend down

987
00:41:41,079 --> 00:41:45,279
into an accumulation range why are you

988
00:41:43,760 --> 00:41:47,240
looking for shorts when you should start

989
00:41:45,280 --> 00:41:48,920
thinking about looking for Longs unless

990
00:41:47,239 --> 00:41:50,759
you believe this is

991
00:41:48,920 --> 00:41:53,599
redistribution which I find hard to

992
00:41:50,760 --> 00:41:55,920
believe after a 70 80% retracement the

993
00:41:53,599 --> 00:41:57,640
context now is very simple for me I'm

994
00:41:55,920 --> 00:41:59,920
looking for Longs okay okay I'm looking

995
00:41:57,639 --> 00:42:02,278
for positional plays and then when price

996
00:41:59,920 --> 00:42:05,078
eventually starts breaking out the range

997
00:42:02,280 --> 00:42:06,318
I'm not foral wi into spot positions

998
00:42:05,079 --> 00:42:08,838
because I'm already trying to build a

999
00:42:06,318 --> 00:42:12,598
position around here which I am I'm

1000
00:42:08,838 --> 00:42:15,158
looking to to then let my spot relax

1001
00:42:12,599 --> 00:42:16,599
once it breaks out I can breathe because

1002
00:42:15,159 --> 00:42:18,598
I've have dollar CL averag around at

1003
00:42:16,599 --> 00:42:20,799
this level and price starts pushing

1004
00:42:18,599 --> 00:42:22,319
higher I'm comfortable in my spot plays

1005
00:42:20,800 --> 00:42:24,400
now I can think about trading the market

1006
00:42:22,318 --> 00:42:27,439
from a Futures perspective and looking

1007
00:42:24,400 --> 00:42:30,959
to maximize on the trend on the way up

1008
00:42:27,440 --> 00:42:33,558
okay does that make

1009
00:42:30,960 --> 00:42:36,040
sense and you can keep it very very

1010
00:42:33,559 --> 00:42:38,240
simple extremely simple you you'll

1011
00:42:36,039 --> 00:42:40,758
probably see many people

1012
00:42:38,239 --> 00:42:43,838
using um how how I would do it's just

1013
00:42:40,760 --> 00:42:45,040
literally a few lines and um just just

1014
00:42:43,838 --> 00:42:47,399
understanding what price structures I

1015
00:42:45,039 --> 00:42:49,279
need to see and look again when you look

1016
00:42:47,400 --> 00:42:51,720
at Price structures right how many Taps

1017
00:42:49,280 --> 00:42:53,999
of this demand Zone this was the origin

1018
00:42:51,719 --> 00:42:56,318
for price to go to new all-time highs

1019
00:42:54,000 --> 00:42:59,000
was it not look at the origin which

1020
00:42:56,318 --> 00:43:02,039
caused price to Trend significantly

1021
00:42:59,000 --> 00:43:05,240
higher it wasn't just drifting it

1022
00:43:02,039 --> 00:43:07,039
was trending higher

1023
00:43:05,239 --> 00:43:10,758
okay and again when you look at the

1024
00:43:07,039 --> 00:43:13,718
inflection points one two three four

1025
00:43:10,760 --> 00:43:16,040
taps into this Zone okay buyers stepping

1026
00:43:13,719 --> 00:43:17,558
into the market so any pullbacks any

1027
00:43:16,039 --> 00:43:20,439
shallow pullbacks I'm going to keep

1028
00:43:17,559 --> 00:43:22,318
adding to my save position um and again

1029
00:43:20,440 --> 00:43:23,839
using the high time frame levels range

1030
00:43:22,318 --> 00:43:26,558
highs

1031
00:43:23,838 --> 00:43:29,078
mid-range I'm looking to Target that how

1032
00:43:26,559 --> 00:43:30,079
that plays out I'm not sure but I'm just

1033
00:43:29,079 --> 00:43:32,358
being

1034
00:43:30,079 --> 00:43:33,400
speculative I don't have no magic wand

1035
00:43:32,358 --> 00:43:35,838
but I'm looking to play the

1036
00:43:33,400 --> 00:43:38,400
probabilities if I'm wrong on this

1037
00:43:35,838 --> 00:43:40,357
that's fine I know my invalidation is at

1038
00:43:38,400 --> 00:43:42,159
26 if it trades below I have to C the

1039
00:43:40,358 --> 00:43:44,638
trade for a loss get back above the

1040
00:43:42,159 --> 00:43:46,758
level I step back in building a position

1041
00:43:44,639 --> 00:43:50,837
hopefully then we'll see the pushup into

1042
00:43:46,760 --> 00:43:50,838
that 60 60 cents level

1043
00:43:51,400 --> 00:43:57,640
okay bro just say it gigal long now ball

1044
00:43:54,400 --> 00:44:00,119
run has begun with rate cuts

1045
00:43:57,639 --> 00:44:02,398
yeah of course I mean look I of course I

1046
00:44:00,119 --> 00:44:06,359
want to be you know super mega bullish

1047
00:44:02,400 --> 00:44:09,318
but objectively it's not me okay if you

1048
00:44:06,358 --> 00:44:11,279
want opium and people just telling you

1049
00:44:09,318 --> 00:44:12,439
long the market everything's bullish Q4

1050
00:44:11,280 --> 00:44:15,159
is going to be great and I hope it is

1051
00:44:12,440 --> 00:44:17,720
and I hope it will be I'd rather remain

1052
00:44:15,159 --> 00:44:19,078
level-headed when I'm trading size I'm

1053
00:44:17,719 --> 00:44:21,118
not going to be an absolute turd and

1054
00:44:19,079 --> 00:44:23,399
just say yep time to go all in just

1055
00:44:21,119 --> 00:44:25,680
[ __ ] full port into some [ __ ] coins

1056
00:44:23,400 --> 00:44:27,720
and then just um neglect my risk

1057
00:44:25,679 --> 00:44:29,317
management that's that's not how you

1058
00:44:27,719 --> 00:44:31,598
survive in this in this game I've

1059
00:44:29,318 --> 00:44:33,919
survived for seven eight years I'm I'm

1060
00:44:31,599 --> 00:44:37,118
in my heading towards my ninth year of

1061
00:44:33,920 --> 00:44:39,439
trading you know so risk management is

1062
00:44:37,119 --> 00:44:42,040
what saves my ass all it takes is one

1063
00:44:39,440 --> 00:44:43,720
bad overly sized position to wipe out my

1064
00:44:42,039 --> 00:44:46,878
account and I'm never going to let that

1065
00:44:43,719 --> 00:44:49,719
happen okay I will take calculated risks

1066
00:44:46,880 --> 00:44:52,519
and I will I will not hesitate to cut my

1067
00:44:49,719 --> 00:44:54,438
position if it means waiting for a

1068
00:44:52,519 --> 00:44:56,837
better probable setup if this is going

1069
00:44:54,440 --> 00:44:59,520
to come back on me I won't [ __ ] around

1070
00:44:56,838 --> 00:45:02,719
my my language I'll wait for a clearer

1071
00:44:59,519 --> 00:45:04,879
defined setup maybe this prints a longer

1072
00:45:02,719 --> 00:45:06,078
round at bottom before I can see upside

1073
00:45:04,880 --> 00:45:08,040
but that doesn't necessarily mean I'm

1074
00:45:06,079 --> 00:45:09,800
going to start looking for shorts you

1075
00:45:08,039 --> 00:45:11,398
know look adverse scenario all right

1076
00:45:09,800 --> 00:45:13,118
maybe this is a failed breakout maybe

1077
00:45:11,400 --> 00:45:15,040
this isn't quite the time for markets to

1078
00:45:13,119 --> 00:45:17,359
Rally maybe we'll rally after the

1079
00:45:15,039 --> 00:45:19,239
elections who knows right but I'm just

1080
00:45:17,358 --> 00:45:21,638
speculating I'm taking on risk I want

1081
00:45:19,239 --> 00:45:23,758
the exposure I I'm pleas the fact that

1082
00:45:21,639 --> 00:45:26,799
we've we've got this opportunity to

1083
00:45:23,760 --> 00:45:28,880
start getting exposure at these lows up

1084
00:45:26,800 --> 00:45:30,480
here I was not interested I was not

1085
00:45:28,880 --> 00:45:32,880
interested in buying spot or having

1086
00:45:30,480 --> 00:45:34,279
exposure to alt coins down here now that

1087
00:45:32,880 --> 00:45:37,160
the sentiment is crushed and people are

1088
00:45:34,280 --> 00:45:40,240
crying because they're 70 80% down on

1089
00:45:37,159 --> 00:45:42,159
their bloody [ __ ] coins well you you've

1090
00:45:40,239 --> 00:45:44,798
only got yourself to self to blame for

1091
00:45:42,159 --> 00:45:47,117
that okay but for those of you who've

1092
00:45:44,800 --> 00:45:48,598
been patient in cash looking for

1093
00:45:47,119 --> 00:45:50,558
opportunities I think this is one of

1094
00:45:48,599 --> 00:45:52,079
those times where over the next two 3

1095
00:45:50,559 --> 00:45:55,480
months heading into Q4 you'd like to

1096
00:45:52,079 --> 00:45:57,920
think this does perform well

1097
00:45:55,480 --> 00:45:59,319
okay and again just keep it really

1098
00:45:57,920 --> 00:46:01,920
simple you can use a set of moving

1099
00:45:59,318 --> 00:46:04,598
averages drop down onto the 12h

1100
00:46:01,920 --> 00:46:05,719
hour eventually this will Cascade to the

1101
00:46:04,599 --> 00:46:07,679
upside and that's when you're going to

1102
00:46:05,719 --> 00:46:09,799
see your shift and momentum just like

1103
00:46:07,679 --> 00:46:12,759
this that's what you want to see

1104
00:46:09,800 --> 00:46:15,040
trajectory of the Bands volume picking

1105
00:46:12,760 --> 00:46:17,319
up price candles expanding that's your

1106
00:46:15,039 --> 00:46:20,077
momentum to go up okay what you're

1107
00:46:17,318 --> 00:46:22,358
seeing here is in my opinion seller

1108
00:46:20,079 --> 00:46:24,838
exhaustion uh sellers are unable to pull

1109
00:46:22,358 --> 00:46:26,318
the mar push the market lower down you

1110
00:46:24,838 --> 00:46:29,519
also have to think about the fact that

1111
00:46:26,318 --> 00:46:31,318
if volume has been low for the again key

1112
00:46:29,519 --> 00:46:33,639
point just pay very very close attention

1113
00:46:31,318 --> 00:46:35,077
to this and if you can remember this I

1114
00:46:33,639 --> 00:46:38,158
think you'll do well in your trading

1115
00:46:35,079 --> 00:46:41,200
career when price has been selling off

1116
00:46:38,159 --> 00:46:45,117
for several months

1117
00:46:41,199 --> 00:46:46,239
right participants have a lack of in

1118
00:46:45,119 --> 00:46:48,119
they're disinterested they're not

1119
00:46:46,239 --> 00:46:50,479
interested in in altcoins they've given

1120
00:46:48,119 --> 00:46:52,200
up all price is down 70% when is this

1121
00:46:50,480 --> 00:46:53,160
[ __ ] going to turn around okay clearly

1122
00:46:52,199 --> 00:46:55,837
they're not looking to buy because

1123
00:46:53,159 --> 00:46:58,077
they're back holding number two

1124
00:46:55,838 --> 00:47:00,998
whoever's puked who whoever have sold is

1125
00:46:58,079 --> 00:47:03,359
pretty much sold out number three when

1126
00:47:01,000 --> 00:47:05,639
volume is low the books are very very

1127
00:47:03,358 --> 00:47:10,199
thin so when the books are very very

1128
00:47:05,639 --> 00:47:12,358
thin what do you think happens now I bet

1129
00:47:10,199 --> 00:47:14,598
many of you are looking at this and are

1130
00:47:12,358 --> 00:47:16,078
are hesitating to buy right which I

1131
00:47:14,599 --> 00:47:17,440
understand you're probably being

1132
00:47:16,079 --> 00:47:19,680
hesitant should I buy should I not

1133
00:47:17,440 --> 00:47:21,239
should I buy should I not right and

1134
00:47:19,679 --> 00:47:23,719
volume is very very low but the books

1135
00:47:21,239 --> 00:47:26,199
are very very thin as well and it's not

1136
00:47:23,719 --> 00:47:28,679
going to take much for price to print a

1137
00:47:26,199 --> 00:47:31,718
candle like this which if you look back

1138
00:47:28,679 --> 00:47:35,438
at any previous Cycles or altcoin Cycles

1139
00:47:31,719 --> 00:47:38,118
or altcoin Seasons you always get that

1140
00:47:35,440 --> 00:47:40,440
strong impulsive first candle which

1141
00:47:38,119 --> 00:47:42,680
literally wipes out what it wipes out

1142
00:47:40,440 --> 00:47:45,640
weeks and weeks and weeks of selling in

1143
00:47:42,679 --> 00:47:48,039
one or two Candles now you've got foro

1144
00:47:45,639 --> 00:47:49,518
now you want to start chasing price and

1145
00:47:48,039 --> 00:47:51,478
on the other hand some people what do

1146
00:47:49,519 --> 00:47:53,039
they do oh look prices at the range

1147
00:47:51,480 --> 00:47:54,879
highs let me short the first impulsive

1148
00:47:53,039 --> 00:47:57,439
move out of this

1149
00:47:54,880 --> 00:47:59,759
range and they haven't paid any

1150
00:47:57,440 --> 00:48:02,199
any attention to what the context is

1151
00:47:59,760 --> 00:48:04,040
telling them there's a chance they they

1152
00:48:02,199 --> 00:48:06,357
may get it right and they could fade

1153
00:48:04,039 --> 00:48:08,357
back inside the range fine but the

1154
00:48:06,358 --> 00:48:11,318
chances are i' I'd much rather be that

1155
00:48:08,358 --> 00:48:12,959
person who's looking to buy this knowing

1156
00:48:11,318 --> 00:48:16,758
that this structure is is playing out

1157
00:48:12,960 --> 00:48:19,1000
into an uptrend in the market

1158
00:48:16,760 --> 00:48:21,559
okay the risk with shorting an impulsive

1159
00:48:20,000 --> 00:48:23,520
move like this is if you're on the wrong

1160
00:48:21,559 --> 00:48:25,839
side of that and the books are very very

1161
00:48:23,519 --> 00:48:27,278
thin and now the crowd is piling in well

1162
00:48:25,838 --> 00:48:29,117
price is going to push even higher

1163
00:48:27,280 --> 00:48:31,400
shorts are going to puke therefore

1164
00:48:29,119 --> 00:48:33,279
pushing price even higher and that's how

1165
00:48:31,400 --> 00:48:35,880
you often get these fast aggressive

1166
00:48:33,280 --> 00:48:37,879
moves up it's not just buyers P buyers

1167
00:48:35,880 --> 00:48:40,319
piling in the books are very thin the

1168
00:48:37,880 --> 00:48:42,359
supply side is very thin shorts are also

1169
00:48:40,318 --> 00:48:44,039
opening and they're getting absolutely

1170
00:48:42,358 --> 00:48:46,318
[ __ ] rattled out of their position

1171
00:48:44,039 --> 00:48:47,719
which causes price to go higher

1172
00:48:46,318 --> 00:48:50,798
understand how markets work under the

1173
00:48:47,719 --> 00:48:52,278
hood especially altcoins when the volume

1174
00:48:50,798 --> 00:48:54,039
isn't that high and the books are very

1175
00:48:52,280 --> 00:48:55,480
very thin you're playing a very

1176
00:48:54,039 --> 00:48:57,438
dangerous game if you're trying to short

1177
00:48:55,480 --> 00:48:59,440
the market from the this positional

1178
00:48:57,440 --> 00:49:01,359
context that's just my opinion I could

1179
00:48:59,440 --> 00:49:02,879
be wrong but I've been around long

1180
00:49:01,358 --> 00:49:05,798
enough to understand how to trade

1181
00:49:02,880 --> 00:49:08,599
altcoins

1182
00:49:05,798 --> 00:49:10,597
okay yeah Saga is a great structures I I

1183
00:49:08,599 --> 00:49:13,358
think if you pay attention to Saga dime

1184
00:49:10,599 --> 00:49:15,118
we've been talking about these J curves

1185
00:49:13,358 --> 00:49:17,838
eventually it's starting to pay out

1186
00:49:15,119 --> 00:49:21,040
again if you look at where the bottom is

1187
00:49:17,838 --> 00:49:22,919
July August a higher low in September

1188
00:49:21,039 --> 00:49:25,638
look at that this is what you want to be

1189
00:49:22,920 --> 00:49:28,479
playing you will probably see this type

1190
00:49:25,639 --> 00:49:30,959
of structure start printing on other

1191
00:49:28,480 --> 00:49:33,480
altcoins okay Saga has been one of the

1192
00:49:30,960 --> 00:49:36,078
first to move look at this from 80 90

1193
00:49:33,480 --> 00:49:39,239
cents off the lows you've got a double

1194
00:49:36,079 --> 00:49:42,519
bottom it's now at $250 that's a 2X

1195
00:49:39,239 --> 00:49:44,918
straight away under the radar same with

1196
00:49:42,519 --> 00:49:46,879
dime okay dime Saga were coins that I

1197
00:49:44,920 --> 00:49:48,759
talked about that I'm looking to

1198
00:49:46,880 --> 00:49:51,479
position into again lovely structure

1199
00:49:48,760 --> 00:49:53,439
right you've got this price trending

1200
00:49:51,480 --> 00:49:56,760
down look at the moving averages it's

1201
00:49:53,440 --> 00:49:58,239
compressing it's going sideways this is

1202
00:49:56,760 --> 00:50:00,159
is that contextual shift that I've been

1203
00:49:58,239 --> 00:50:01,919
talking about this is now where you want

1204
00:50:00,159 --> 00:50:04,038
to start thinking about accumulating a

1205
00:50:01,920 --> 00:50:05,558
position for those of you who are

1206
00:50:04,039 --> 00:50:07,878
interested in die I'm not saying go out

1207
00:50:05,559 --> 00:50:09,318
there and buy it okay and then you're

1208
00:50:07,880 --> 00:50:11,159
looking for that shift in Market

1209
00:50:09,318 --> 00:50:13,439
structure you're looking for higher

1210
00:50:11,159 --> 00:50:15,798
highs higher lows the bands trending up

1211
00:50:13,440 --> 00:50:18,119
and now you've got that new wave of

1212
00:50:15,798 --> 00:50:21,557
cycle pushing higher okay however High

1213
00:50:18,119 --> 00:50:23,200
it goes but that is value of opportunity

1214
00:50:21,559 --> 00:50:25,439
in terms of trading price to the upside

1215
00:50:23,199 --> 00:50:28,439
and capturing some of those gains to the

1216
00:50:25,440 --> 00:50:28,440
upside

1217
00:50:31,079 --> 00:50:34,720
hey Grant how you doing my brother hope

1218
00:50:32,559 --> 00:50:34,720
you're

1219
00:50:35,119 --> 00:50:40,519
well so you there's no way right

1220
00:50:40,719 --> 00:50:44,679
that simply put this is opportunity I

1221
00:50:43,199 --> 00:50:47,038
don't know what else to say to you

1222
00:50:44,679 --> 00:50:49,478
you've waited for this we've been

1223
00:50:47,039 --> 00:50:51,077
bleeding for 6 months and I don't

1224
00:50:49,480 --> 00:50:53,279
understand what the pessimism what the

1225
00:50:51,079 --> 00:50:55,838
fear is about and I've said it on the

1226
00:50:53,280 --> 00:50:57,839
timeline I've not been I've been

1227
00:50:55,838 --> 00:50:59,558
advocating for the the fact that in

1228
00:50:57,838 --> 00:51:01,639
terms of macro

1229
00:50:59,559 --> 00:51:03,559
structures this is the [ __ ] that I live

1230
00:51:01,639 --> 00:51:05,679
for this is exactly what I live for when

1231
00:51:03,559 --> 00:51:07,719
it comes to trading gos give me this

1232
00:51:05,679 --> 00:51:10,759
every single time and these are some of

1233
00:51:07,719 --> 00:51:13,518
the best structural setups that you can

1234
00:51:10,760 --> 00:51:15,200
speculate on whether the price goes high

1235
00:51:13,519 --> 00:51:16,837
is up to the market but I want to

1236
00:51:15,199 --> 00:51:19,317
speculate on these types of structures

1237
00:51:16,838 --> 00:51:21,597
okay um possibly another one is Wormhole

1238
00:51:19,318 --> 00:51:23,399
but I'd have to look at the I'd have to

1239
00:51:21,599 --> 00:51:24,720
look at the supply distribution I I

1240
00:51:23,400 --> 00:51:26,880
don't know what the distribution is like

1241
00:51:24,719 --> 00:51:30,719
or the token emissions but again another

1242
00:51:26,880 --> 00:51:33,479
one hovering the lows were at 178 cents

1243
00:51:30,719 --> 00:51:35,518
this is at 22 23 cents there's so many

1244
00:51:33,480 --> 00:51:38,199
alts like this on centralized exchanges

1245
00:51:35,519 --> 00:51:40,038
on dexes that you can look at and play

1246
00:51:38,199 --> 00:51:42,718
yes mem coins are doing well once again

1247
00:51:40,039 --> 00:51:44,999
but eventually I do believe that if

1248
00:51:42,719 --> 00:51:47,558
Bitcoin does push up to the range highs

1249
00:51:45,000 --> 00:51:49,160
altcoins will hopefully follow suit last

1250
00:51:47,559 --> 00:51:50,720
chart I'm going to look at is total

1251
00:51:49,159 --> 00:51:52,958
three I'm not even going to bother

1252
00:51:50,719 --> 00:51:54,598
looking at ethereum at this point but

1253
00:51:52,960 --> 00:51:58,319
when you look at total 3 when you look

1254
00:51:54,599 --> 00:52:01,640
at this and the fact that

1255
00:51:58,318 --> 00:52:04,798
again the bounds are compressing but if

1256
00:52:01,639 --> 00:52:07,078
you look at Price the difference okay

1257
00:52:04,798 --> 00:52:09,838
between distribution and the market

1258
00:52:07,079 --> 00:52:13,479
being in a bear Trend and me being a

1259
00:52:09,838 --> 00:52:16,519
Perma bear is when you have a clearly

1260
00:52:13,480 --> 00:52:18,680
defined breaking structure a deviation

1261
00:52:16,519 --> 00:52:21,358
with the bands now it's time to short

1262
00:52:18,679 --> 00:52:23,318
the market okay all the way down the

1263
00:52:21,358 --> 00:52:25,558
fact that you've even got a swing High

1264
00:52:23,318 --> 00:52:27,837
deviation that was an easy trade down

1265
00:52:25,559 --> 00:52:29,799
into this range at this point I don't

1266
00:52:27,838 --> 00:52:31,597
know if this is going to Trend down it

1267
00:52:29,798 --> 00:52:34,038
could very well continue going higher

1268
00:52:31,599 --> 00:52:38,640
into a three drivve pattern one two

1269
00:52:34,039 --> 00:52:41,439
three right what gives it confirmation

1270
00:52:38,639 --> 00:52:45,597
that this is a bare Market is you've got

1271
00:52:41,440 --> 00:52:47,239
the 1225 weekly death cross you've got

1272
00:52:45,599 --> 00:52:49,799
acceptance above the level but look what

1273
00:52:47,239 --> 00:52:52,399
happened it's shortlived once it gets

1274
00:52:49,798 --> 00:52:54,399
under the bands under this ksr level

1275
00:52:52,400 --> 00:52:56,159
there's your trigger to short absolutely

1276
00:52:54,400 --> 00:52:57,520
floor it to the next logical support

1277
00:52:56,159 --> 00:52:59,679
level

1278
00:52:57,519 --> 00:53:03,118
close your trade okay now when you look

1279
00:52:59,679 --> 00:53:06,039
across the line why is this different

1280
00:53:03,119 --> 00:53:09,479
well first of all we've been going

1281
00:53:06,039 --> 00:53:12,317
sideways or drifting lower for 6 months

1282
00:53:09,480 --> 00:53:14,358
that's your highs in April March okay

1283
00:53:12,318 --> 00:53:16,678
we're now heading into October

1284
00:53:14,358 --> 00:53:18,878
Q4

1285
00:53:16,679 --> 00:53:21,719
secondly price has been holding up a

1286
00:53:18,880 --> 00:53:24,838
support here we've already had one

1287
00:53:21,719 --> 00:53:28,078
instance of price trading above the 12

1288
00:53:24,838 --> 00:53:28,078
and the 21

1289
00:53:29,480 --> 00:53:32,680
it's had three tests of support very

1290
00:53:31,079 --> 00:53:35,720
similar to bitcoin why are you looking

1291
00:53:32,679 --> 00:53:37,679
to show altcoins when there's a very

1292
00:53:35,719 --> 00:53:41,919
good chance that if this does break out

1293
00:53:37,679 --> 00:53:46,438
of this trend line and above the 12 uh

1294
00:53:41,920 --> 00:53:49,400
1225 weekly EMAs into

1295
00:53:46,440 --> 00:53:52,760
Q4 surely the probability was of The

1296
00:53:49,400 --> 00:53:54,520
Upside versus the downside key word

1297
00:53:52,760 --> 00:53:56,679
probability then if you look at the

1298
00:53:54,519 --> 00:53:59,519
stock RSI which is one of my favor fa

1299
00:53:56,679 --> 00:54:03,919
indicators in terms of timing

1300
00:53:59,519 --> 00:54:07,919
momentum cover this numerous times on

1301
00:54:03,920 --> 00:54:11,400
stream the fact that the stock RSI was

1302
00:54:07,920 --> 00:54:15,078
in oversold territory for 6 months and

1303
00:54:11,400 --> 00:54:16,959
yet all price could do is retrace 40

1304
00:54:15,079 --> 00:54:20,160
50% that to

1305
00:54:16,960 --> 00:54:22,1000
me from past experience is indicative of

1306
00:54:20,159 --> 00:54:25,758
a corrective move as opposed to a

1307
00:54:23,000 --> 00:54:28,839
Distributive move okay yes altcoins

1308
00:54:25,760 --> 00:54:30,798
across the board of gone down 60 70 80%

1309
00:54:28,838 --> 00:54:33,998
but the point I'm trying to make is

1310
00:54:30,798 --> 00:54:36,639
structurally this looks okay it's it's

1311
00:54:34,000 --> 00:54:39,679
it's pull back into a level of

1312
00:54:36,639 --> 00:54:42,238
efficiency into what was a logical level

1313
00:54:39,679 --> 00:54:44,797
of support consolidation price ried

1314
00:54:42,239 --> 00:54:47,639
higher slow drift down into that level

1315
00:54:44,798 --> 00:54:50,038
can't break through it weekly sock RSI

1316
00:54:47,639 --> 00:54:51,759
is now at the lows looking to turn back

1317
00:54:50,039 --> 00:54:52,719
up momentum is starting to pick up

1318
00:54:51,760 --> 00:54:54,639
across

1319
00:54:52,719 --> 00:54:56,638
markets you really want to start

1320
00:54:54,639 --> 00:54:59,557
thinking about

1321
00:54:56,639 --> 00:55:02,879
trading momentum to the upside for as

1322
00:54:59,559 --> 00:55:05,879
long as this key level holds okay and

1323
00:55:02,880 --> 00:55:07,880
that's why I'm excited heading into Q4

1324
00:55:05,880 --> 00:55:09,960
if that things can come if the market

1325
00:55:07,880 --> 00:55:12,798
does come into fruition like I

1326
00:55:09,960 --> 00:55:14,838
anticipate like I hope um I just don't

1327
00:55:12,798 --> 00:55:16,958
see the point in in really looking for

1328
00:55:14,838 --> 00:55:19,919
short opportunities when I think the

1329
00:55:16,960 --> 00:55:22,799
upside and the risk reward favors upside

1330
00:55:19,920 --> 00:55:25,639
risk and gaining exposure building

1331
00:55:22,798 --> 00:55:27,238
positions for the opportunity over the

1332
00:55:25,639 --> 00:55:29,837
coming weeks now now the caveat to all

1333
00:55:27,239 --> 00:55:31,878
of this is that Bitcoin is heading into

1334
00:55:29,838 --> 00:55:35,998
a level of resistance at

1335
00:55:31,880 --> 00:55:38,479
65 at 66k should Bitcoin give a pullback

1336
00:55:36,000 --> 00:55:41,280
to 62k then altcoins will give a

1337
00:55:38,480 --> 00:55:43,720
pullback as long as Bitcoin holds at

1338
00:55:41,280 --> 00:55:46,720
1225 or 1221

1339
00:55:43,719 --> 00:55:48,679
EMA I'd like the idea of positioning or

1340
00:55:46,719 --> 00:55:51,037
increasing exposure next week or the

1341
00:55:48,679 --> 00:55:53,557
next week or two into alt coins from a

1342
00:55:51,039 --> 00:55:55,558
spot perspective I'll have my Futures

1343
00:55:53,559 --> 00:55:57,919
account ready to start latching onto the

1344
00:55:55,559 --> 00:55:59,280
momentum play okay but that's it for

1345
00:55:57,920 --> 00:56:02,479
today's stream I've

1346
00:55:59,280 --> 00:56:04,799
probably well wow it's been 1 hour time

1347
00:56:02,480 --> 00:56:06,999
flies but I'm just trying to really keep

1348
00:56:04,798 --> 00:56:08,597
it very simple in terms of pure price

1349
00:56:07,000 --> 00:56:11,400
action thinking about markets from a

1350
00:56:08,599 --> 00:56:13,318
contextual perspective we can touch

1351
00:56:11,400 --> 00:56:15,440
touch upon all the fancy indicators and

1352
00:56:13,318 --> 00:56:17,038
open interest and Delta or and orderflow

1353
00:56:15,440 --> 00:56:19,720
I'm watching the tape in latest streams

1354
00:56:17,039 --> 00:56:21,720
but I just want you to understand that

1355
00:56:19,719 --> 00:56:25,238
look at the opportunity the potential

1356
00:56:21,719 --> 00:56:27,159
opportunity ahead of you okay that's my

1357
00:56:25,239 --> 00:56:29,557
key Point here and that's the key point

1358
00:56:27,159 --> 00:56:32,357
of this of today's stream that there's

1359
00:56:29,559 --> 00:56:36,240
no need to be fearful in the markets

1360
00:56:32,358 --> 00:56:37,919
um remove your emotional bias think

1361
00:56:36,239 --> 00:56:39,998
logically from a risk to reward

1362
00:56:37,920 --> 00:56:42,519
perspective and look at what's ahead of

1363
00:56:40,000 --> 00:56:46,078
you in terms of price okay that's all

1364
00:56:42,519 --> 00:56:49,879
for me have a great Friday and a weekend

1365
00:56:46,079 --> 00:56:52,279
and hopefully I'll catch you guys

1366
00:56:49,880 --> 00:56:54,399
um possibly Sunday evening with with

1367
00:56:52,280 --> 00:56:55,880
more of a macro outlook on bitcoin

1368
00:56:54,400 --> 00:56:58,319
create setups but like I said I think

1369
00:56:55,880 --> 00:56:59,759
over the next next day so I probably

1370
00:56:58,318 --> 00:57:02,159
won't be trading much going to be take

1371
00:56:59,760 --> 00:57:03,880
it easy and um like I said bitcoin's

1372
00:57:02,159 --> 00:57:05,478
coming into an area of contention of

1373
00:57:03,880 --> 00:57:07,759
slight level of resistance nothing that

1374
00:57:05,480 --> 00:57:12,199
concerns me you have to remember we've

1375
00:57:07,760 --> 00:57:15,879
moved off 52 into 64 potentially

1376
00:57:12,199 --> 00:57:17,117
65 and um yeah we could squeeze higher

1377
00:57:15,880 --> 00:57:19,078
if people are trying to short this too

1378
00:57:17,119 --> 00:57:21,319
early might just push up higher before

1379
00:57:19,079 --> 00:57:23,399
we then get a correction but I think

1380
00:57:21,318 --> 00:57:24,597
it's that corrective move then where

1381
00:57:23,400 --> 00:57:25,799
you've got to thought start thinking

1382
00:57:24,599 --> 00:57:28,799
about all right which altcoins have

1383
00:57:25,798 --> 00:57:34,278
shown strength and is Bitcoin going to

1384
00:57:28,798 --> 00:57:36,837
respect that key level of 60 59 to 60k

1385
00:57:34,280 --> 00:57:39,680
and in doing so if it does give you that

1386
00:57:36,838 --> 00:57:41,278
pullback um I think without hesitating I

1387
00:57:39,679 --> 00:57:43,357
I will be looking for continuation long

1388
00:57:41,280 --> 00:57:44,679
to the range highs okay that's all for

1389
00:57:43,358 --> 00:57:46,639
me God bless I hope you have a great

1390
00:57:44,679 --> 00:57:49,797
weekend ahead and I'll catch you on

1391
00:57:46,639 --> 00:57:49,797
Sunday or Monday take

1392
00:57:55,119 --> 00:57:59,160
care for