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1
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hey guys how's it going so this is my

2
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look for the 7th of October not too much

3
00:00:04,519 --> 00:00:08,079
has changed since Saturday but um we'll

4
00:00:06,839 --> 00:00:09,519
go through it anyway because I think

5
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it's good to kind of just keep updated

6
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keep going through thought processes and

7
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just keep you guys updated as to my my

8
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my thinking um where we're at at the

9
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moment is kind of this to me uh I might

10
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draw it a little bit badly but um is a

11
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pretty pivotal level right so if we're

12
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playing this Bounce from a reversion

13
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perspective and we're thinking right

14
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this is a this is a mean rever

15
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and we've had a strong strong strong

16
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sell off and now we're going to bounce

17
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and then we're going to kind of keep

18
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going from a market structure

19
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perspective and just keep keep that kind

20
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of downtrend from up here going the

21
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logical place to kind of look for shorts

22
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or look for resistance is around here

23
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around

24
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64.5 if I just kind of check my bias a

25
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bit with the line chart it kind of

26
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coincides right uh maybe not there so

27
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much but there there a little bit of

28
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consolidation resistance resistance Etc

29
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and it lines up with the theory of this

30
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being a lower high and this Market

31
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structure then you know changing to a

32
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kind of confirmed down Trend right and

33
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actually that's kind of the end of the

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end of the road now I'm not going to

35
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like majorly position off the basis of

36
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this but when I'm thinking about altcoin

37
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rotations I'm thinking okay this is kind

38
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of a logical place for Bitcoin to start

39
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slowing down um I'm going to take it

40
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into my intraday trades particularly and

41
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just have Bitcoin kind of front of mind

42
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because because this is an area of

43
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resistance we're going to smash into it

44
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I think most likely cases we consolidate

45
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for a little bit and then we get a

46
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breakout trade out of that kind of ilk

47
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playing out right so I'm not playing the

48
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odds on this you know I'm fully

49
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allocated down here on the Bitcoin spot

50
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from my buit account the thought process

51
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to me is what we went through on

52
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Saturday in terms of running to the

53
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highs um I would rather be I would

54
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rather be long and wrong than uh

55
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anything else at this point yeah I think

56
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that's the play I don't think there's

57
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much else to do I think longing Bitcoin

58
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here is dumb I think waiting for a flip

59
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of 64.6 is probably the next you know

60
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sensible level to get on board if uh you

61
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want to get into a long position on BTC

62
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you know for up produce a um new fresh

63
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higher high pull back and hopefully you

64
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get that kind of continuation of Market

65
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structure that um we kind of all want to

66
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see right and something like that so

67
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literally Trend maybe consolidate a

68
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little bit longer down here and then

69
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start going right so that would be like

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my next long trade if it happened and if

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I wasn't in a position um yeah I think

72
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it's quite important from an interday

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perspective to recognize that uh Bitcoin

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is having a strong run alts are going

75
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with it and we are approaching an area

76
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where it is likely to slow down but uh

77
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we will we'll see hopefully for my bags

78
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it does not but uh yeah so from a from a

79
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rotational perspective it's been majorly

80
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risk on over the weekend if you've

81
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traded well done it's probably been

82
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quite difficult to to not make money if

83
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you've been trading um the right assets

84
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so looking at you know the like lows of

85
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Friday or even Saturday morning when we

86
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started streaming like popcast up 20%

87
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with Myro basically any Meme and even

88
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Pepe is up 14% um so we talked about

89
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Pepe on stream didn't we we went through

90
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it quite a bit we went through loads of

91
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things and talks about the breakout play

92
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now the breakout play here obviously

93
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didn't work but later on you know a

94
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similar breakout play in this range

95
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would have worked absolutely swimmingly

96
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so this is why I kind of keep playing to

97
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the long side particularly if my bias on

98
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bitcoin is long because you playing

99
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these memes playing one breakout trade

100
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you know that would have failed same

101
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would have failed here and then finally

102
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you catch it and actually pays for pays

103
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for everything um probably would have

104
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got stopped out there to be honest in

105
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terms of like that rotation because you

106
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whack an EMA on it and oh okay maybe not

107
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um though I probably would have been on

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like 15 minute EMA I probably wouldn't

109
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have held through that to be to be

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perfectly Frank but um particularly

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because you've got this as like a a

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range and a consolidation we kind of

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lost it and you losing that losing a

114
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range um and not like instantly

115
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reclaiming it so I don't mind like

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sweeps like this like take the low here

117
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go back in and like instantly react to

118
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it like that would have been okay but

119
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the fact that it lost lost the trend

120
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lost the range you know that would have

121
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been me out most likely so I can laugh

122
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what I want about it but uh yeah that's

123
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that's how I would have played that but

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then reclaim on both the trend and on a

125
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range like you've got two compliment

126
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bits of information there that kind of

127
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say right this could be a trend

128
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continuation one remember that I've

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given you like two setups to use pretty

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consistently which is uh one is just

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simple range re claims so have strong

132
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parabolic move in usually sweep the

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highs for a bit liquidity come down

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Cascade and then reclaim and

135
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then off we go that is pretty common

136
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that's exactly what happened here the

137
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second that I really like in these

138
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conditions when we risk on rotations is

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consolidation into that Range High

140
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either after a reclaim um or literally

141
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just something like that where you've

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got a series of um higher lows just push

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putting that pressure on sellers up here

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and taking a trade with not necessarily

145
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a super wide uh invalidation but

146
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something like that and you can see

147
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something like that is kind of setting

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up here so if I take this off it's not

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particularly great like from a

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consolidation perspective it's pretty

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clean in terms of range and in

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terms of this you know in terms of

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strength of that this particular candle

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it's pretty strong so you start playing

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a breakout trade if indeed there is

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relative strength on low time frame for

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Pepe which evidently there is so we

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might actually just uh take that with

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some small size whilst I'm actually

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recording this but um if there's no if

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there's no continuation in terms of

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momentum then you know it's just a case

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of moving that kind of stop up and going

164
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you know what I'm playing a breakout

165
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there should be a reaction it should

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start going um we'll kind of check back

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into this by when the time I've uh

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finished the video but hopefully those

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two um bearing in mind is also 133% up

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on the day um those two kind of give you

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very very simple sounds just to just to

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get on board we talked about Audi I

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think last week um or I meant to talk

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about AI I think I actually talk about

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sdx but it's been sat in my bag um of

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positions for a while I didn't actually

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take this trade but it is a nice one

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from like that whole big booty pattern

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um I saw quite a few people tweet about

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it and I was like that's the one that I

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wanted to talk about Saturday it was STX

182
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and uh and Audi um everything around

183
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kind of ruins Bitcoin all that kind of

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stuff like if we if we get Bitcoin

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running these are going to do well uh

186
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for me sdx is the one that still hasn't

187
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run and I think will run so I'm looking

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out for a trigger IE go above reclaim

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stop under here buy a spot bag and just

190
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let it let it hopefully run um whiff and

191
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popcat and everything like that from an

192
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Inay perspective they are all you know

193
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looking very very strong but jumping

194
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into these these kind of consolidations

195
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is pretty hard you know again like I've

196
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just noticed on the on my screen that P

197
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start to sell off so this is where I'd

198
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be like no this isn't breaking out you

199
00:07:42,680 --> 00:07:47,239
know not good enough for me I'm I'm kind

200
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of out but it is quite clean so my bias

201
00:07:47,240 --> 00:07:52,318
is now more to a kind of distributive

202
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range probably this as well in terms of

203
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like Divergence across those highs which

204
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uh in my haste I probably didn't you

205
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check out as much but uh we've got that

206
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sell off with now consolidating in the

207
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range but the Market's very risk on so

208
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you know it's smart to try and take some

209
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breakout trades at some point

210
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particularly because we talked about the

211
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whole you know run it up consolidate run

212
00:08:12,079 --> 00:08:18,519
it up again kind of pattern and uh you

213
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know a few small losses uh almost always

214
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absorbed by one very very good rotation

215
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um yeah there's there's a couple of uh

216
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you daily daily um divergences across

217
00:08:28,038 --> 00:08:33,079
like SOI um so I'm always conscious when

218
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you start seeing stuff like this as well

219
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which coincides with the thought process

220
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of Bitcoin heading into resistance so we

221
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expect a bit of chop consolidation maybe

222
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even a pullback

223
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um yeah and a little bit of uh weakness

224
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on on even the strongholds you know this

225
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is a very strong move but it is weaker

226
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un objectively than previous moves you

227
00:08:52,399 --> 00:08:59,599
know where we had much much much higher

228
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RSI so I am bullish I do expect us to

229
00:08:59,600 --> 00:09:03,838
have a little bit of a pullback as we

230
00:09:00,879 --> 00:09:08,159
head into that resistance on BTC I think

231
00:09:03,839 --> 00:09:11,199
that a lot of alts um are very very good

232
00:09:08,159 --> 00:09:14,119
in terms of memes in particular but it

233
00:09:11,200 --> 00:09:16,320
is quite difficult to get on board the

234
00:09:14,120 --> 00:09:17,600
said memes and if I start looking at

235
00:09:16,320 --> 00:09:19,360
some of these there's you know quite a

236
00:09:17,600 --> 00:09:21,560
few divergences actually heading across

237
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these highs um it doesn't mean I want to

238
00:09:21,559 --> 00:09:29,358
I want to go balls deep short obviously

239
00:09:25,440 --> 00:09:32,239
um it's a sort of Shire way to get

240
00:09:29,360 --> 00:09:34,440
absolutely ruined um if you over

241
00:09:32,240 --> 00:09:37,079
leverage on shorts in these kind of

242
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conditions but obviously as a hedge

243
00:09:37,078 --> 00:09:40,719
against the next kind of leg in the

244
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market which I think will be a little

245
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bit of a pullback not much just a just a

246
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little one just to kind of set the

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trends SC a few people out all that kind

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of wonderful stuff um you know there are

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plenty of opportunities if you want to

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take them um you even like shorting

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something like this it's a little bit

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janky from where where prices you know

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it's it's too long and what I mean by

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that is the distance between all of this

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is just like this is basically reset

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like we've gone back to the kind of the

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15 uh sorry 50 on the uh 15 minute and

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this consolidation in here is kind of

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like well that's a play out of any form

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of Divergence across those highs if you

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really wanted to take it even though

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it's more than 14 periods um and that

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would be the reversion there sorry I'll

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just redo that div reversion

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consolidation new new trend essentially

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and then any divergences across these

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Highs are a little bit too long so

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they're more than the 14 period the 14

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candles so when I asked about RSI videos

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the other day I need to respond and

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we've definitely got lots of RSI videos

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in the group um but in in short RSI

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covers 14 periods right by default so

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that's the standard RSI length so 14

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candles so if you are drawing

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divergences over more than 14 candles

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which I expect that that is um got day

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range so do from here to here yeah this

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is like 39 bars you know it's well over

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the 14 Candle kind of rule doesn't mean

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you can't use it as an indication of the

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market slowing down particularly when it

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aligns say on the 30 minute with autome

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oscillator and you've got you know this

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whole you can see the momentum is

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slowing down in terms of the move very

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strong move up kind of good move and

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then much weaker move and even a lower

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high here so you know if I was being

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aggressively short into this Market I

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would I would be short here with a stop

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above here i' probably move that stop

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above these highs actually um and do

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something like

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this I was being exceptionally

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aggressive and wanting to just hedge my

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exposure from a uh from a market wide

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perspective of if we get the bull back

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I'll just bump it up to to current price

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so that we've got a better

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R but yeah that's that's kind of it

302
00:12:00,919 --> 00:12:04,278
really I want to be long I want to be

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playing longside rotations I don't want

304
00:12:04,278 --> 00:12:08,837
to be aggressively shorting this Market

305
00:12:06,639 --> 00:12:11,839
though this does look pretty pretty

306
00:12:08,839 --> 00:12:11,839
decent

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00:12:12,759 --> 00:12:16,919
um there's a couple of other coins that

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00:12:15,278 --> 00:12:20,398
are starting to break out as well like

309
00:12:16,919 --> 00:12:22,398
near is one of them um but I've never

310
00:12:20,399 --> 00:12:24,519
really had much success trading near to

311
00:12:22,399 --> 00:12:28,320
be honest with you but we've got a lot

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of like key levels in terms of um yeah

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that was it I'll just stick that in

314
00:12:30,278 --> 00:12:36,039
there in terms of like reclaims and it

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00:12:32,799 --> 00:12:38,077
is it is a nice a nice reclaim setup but

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I don't I don't particularly want to

317
00:12:38,078 --> 00:12:41,278
take it yet I would rather see the PW

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00:12:40,078 --> 00:12:43,478
that we're talking about and then buy it

319
00:12:41,278 --> 00:12:45,919
down here but that might cost me you

320
00:12:43,480 --> 00:12:47,518
know a rotation um aside from that I

321
00:12:45,919 --> 00:12:50,638
just genuinely think it's it's memes

322
00:12:47,519 --> 00:12:53,679
memes memes um we've talked about Nero

323
00:12:50,639 --> 00:12:55,039
before but um it's literally broken out

324
00:12:53,679 --> 00:12:58,078
of the range and the

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00:12:55,039 --> 00:12:59,598
consolidation uh Myro but Myro is like

326
00:12:58,078 --> 00:13:02,238
compared to most of the other memes you

327
00:12:59,600 --> 00:13:04,399
know it's looks like a this is either

328
00:13:02,240 --> 00:13:06,440
reaccumulation or this is like the you

329
00:13:04,399 --> 00:13:08,079
know absolute dead cat bounce I mean

330
00:13:06,440 --> 00:13:09,1000
again I'd rather be longing a breakout

331
00:13:08,078 --> 00:13:11,517
of this consolidation the bigger the

332
00:13:10,000 --> 00:13:13,480
expansion sorry the bigger the

333
00:13:11,519 --> 00:13:14,999
consolidation the bigger the expansion

334
00:13:13,480 --> 00:13:17,160
like it's definitely one to keep an eye

335
00:13:15,000 --> 00:13:20,240
on um because I think if it does pick up

336
00:13:17,159 --> 00:13:22,678
traction again then the breakout will be

337
00:13:20,240 --> 00:13:25,320
kind of Epic but I'm just not interested

338
00:13:22,679 --> 00:13:29,278
in trading in this accumulation range

339
00:13:25,320 --> 00:13:30,360
down here if that makes sense um

340
00:13:29,278 --> 00:13:31,559
I think that was it I think that was

341
00:13:30,360 --> 00:13:33,920
everything I wanted to cover it's 13

342
00:13:31,559 --> 00:13:35,759
minutes long I think I've covered pretty

343
00:13:33,919 --> 00:13:38,438
much everything STX is the one that I'm

344
00:13:35,759 --> 00:13:40,919
really looking for the next trade on the

345
00:13:38,440 --> 00:13:42,480
next kind of big kind of spot position a

346
00:13:40,919 --> 00:13:43,838
TIA we talked about before in terms of

347
00:13:42,480 --> 00:13:46,239
like swinging it

348
00:13:43,839 --> 00:13:48,319
potentially uh what

349
00:13:46,240 --> 00:13:49,760
else yeah I think that's I think that's

350
00:13:48,320 --> 00:13:52,320
it I'm going I bangs on about popcat for

351
00:13:49,759 --> 00:13:53,999
weeks and weeks and weeks um yeah

352
00:13:52,320 --> 00:13:56,279
there's a there's a short idea but

353
00:13:54,000 --> 00:13:59,320
obviously if this fails then you've got

354
00:13:56,278 --> 00:14:03,837
the you've got the um ability is going

355
00:13:59,320 --> 00:14:05,999
to flip long um on basically the same um

356
00:14:03,839 --> 00:14:09,440
the same thesis because what should

357
00:14:06,000 --> 00:14:11,120
happen if the breakout of the highs is

358
00:14:09,440 --> 00:14:12,638
you know super strong and bullish which

359
00:14:11,120 --> 00:14:14,439
you would expect it to be like look

360
00:14:12,639 --> 00:14:16,879
we've got this we've got our wonderful

361
00:14:14,440 --> 00:14:18,560
meme triangle playing out we've got that

362
00:14:16,879 --> 00:14:20,919
thought process kind of coming in like

363
00:14:18,559 --> 00:14:22,478
if I take that short trade away just to

364
00:14:20,919 --> 00:14:25,398
make it a bit clearer you know any form

365
00:14:22,480 --> 00:14:26,920
of consolidation in here and starting to

366
00:14:25,399 --> 00:14:29,559
attack these highs again is where I'd be

367
00:14:26,919 --> 00:14:33,319
building a position for a breakout trade

368
00:14:29,559 --> 00:14:35,599
and if we take this high and this high

369
00:14:33,320 --> 00:14:37,279
and this High I expect a pretty strong

370
00:14:35,600 --> 00:14:39,079
reaction because anyone who took those

371
00:14:37,278 --> 00:14:41,039
kind of shorts is probably going to have

372
00:14:39,078 --> 00:14:44,238
their stops in there so you should get

373
00:14:41,039 --> 00:14:46,957
that instant move up and it shouldn't

374
00:14:44,240 --> 00:14:50,759
pull back much and if it does and it

375
00:14:46,958 --> 00:14:52,517
comes all the way back to here and uh

376
00:14:50,759 --> 00:14:54,279
it's it's on relative strength so it's

377
00:14:52,519 --> 00:14:55,880
on low time frame spaghetti you know

378
00:14:54,278 --> 00:14:57,999
it's strong it's not like this where

379
00:14:55,879 --> 00:15:00,119
it's actually actually weak you know

380
00:14:58,000 --> 00:15:04,879
it's the weakest asset set um in terms

381
00:15:00,120 --> 00:15:07,560
of like the last however long um if it's

382
00:15:04,879 --> 00:15:10,077
still strong i' I'd still hold it and

383
00:15:07,559 --> 00:15:16,158
I'd let it either come back to my entry

384
00:15:10,078 --> 00:15:20,998
or maybe even stop me out but usually um

385
00:15:16,159 --> 00:15:23,758
it it will just keep going if it is if

386
00:15:21,000 --> 00:15:26,958
it is you know that consolidation and

387
00:15:23,759 --> 00:15:30,199
next leg up you know it'll be a move um

388
00:15:26,958 --> 00:15:33,078
like this it won't really come back and

389
00:15:30,198 --> 00:15:36,039
retest the point of exit it will just

390
00:15:33,078 --> 00:15:38,957
keep going but as I said like the whole

391
00:15:36,039 --> 00:15:42,077
um the whole loss of momentum up here

392
00:15:38,958 --> 00:15:45,799
means the kind of short thesis is

393
00:15:42,078 --> 00:15:47,398
probably is probably right to uh for the

394
00:15:45,799 --> 00:15:49,359
for the current trade and then if that

395
00:15:47,399 --> 00:15:51,759
gets stopped you've literally got the

396
00:15:49,360 --> 00:15:54,959
opportunity to flip long for a an upside

397
00:15:51,759 --> 00:15:57,039
breakout and that's that's it on that

398
00:15:54,958 --> 00:16:00,919
note I will love you and leave you all

399
00:15:57,039 --> 00:16:00,918
and I will see you in the group or