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PLEASE PAY EXCRUCIATING DETAIL TO THE POPCAT SHORT. He's looking to short at the range extremity (but why does he identify it as such and tease out RSI correspondences etc) and long at the range low I believe...

PLEASE PAY PARTICULAR ATTENTION TO ACTIONABLE ALERTS OR 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. Format this section as a markdown table:
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Be sure to individuate a given coin if it is discussed on more than one timeframe. BTC on the 4h may be discussed differently from BTC on the 1d, or not - you’ll need to deduce this from the transcript.

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hey guys how's it going so this is my

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look for the 7th of October not too much

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has changed since Saturday but um we'll

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go through it anyway because I think

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it's good to kind of just keep updated

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keep going through thought processes and

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just keep you guys updated as to my my

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my thinking um where we're at at the

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moment is kind of this to me uh I might

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draw it a little bit badly but um is a

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pretty pivotal level right so if we're

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playing this Bounce from a reversion

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perspective and we're thinking right

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this is a this is a mean rever

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and we've had a strong strong strong

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sell off and now we're going to bounce

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and then we're going to kind of keep

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going from a market structure

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perspective and just keep keep that kind

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of downtrend from up here going the

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logical place to kind of look for shorts

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or look for resistance is around here

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around

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64.5 if I just kind of check my bias a

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bit with the line chart it kind of

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coincides right uh maybe not there so

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much but there there a little bit of

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consolidation resistance resistance Etc

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and it lines up with the theory of this

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being a lower high and this Market

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structure then you know changing to a

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kind of confirmed down Trend right and

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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

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like majorly position off the basis of

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this but when I'm thinking about altcoin

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rotations I'm thinking okay this is kind

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of a logical place for Bitcoin to start

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slowing down um I'm going to take it

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into my intraday trades particularly and

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just have Bitcoin kind of front of mind

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because because this is an area of

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resistance we're going to smash into it

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I think most likely cases we consolidate

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for a little bit and then we get a

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breakout trade out of that kind of ilk

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playing out right so I'm not playing the

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odds on this you know I'm fully

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allocated down here on the Bitcoin spot

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from my buit account the thought process

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to me is what we went through on

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Saturday in terms of running to the

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highs um I would rather be I would

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rather be long and wrong than uh

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anything else at this point yeah I think

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

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much else to do I think longing Bitcoin

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here is dumb I think waiting for a flip

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of 64.6 is probably the next you know

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sensible level to get on board if uh you

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want to get into a long position on BTC

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you know for up produce a um new fresh

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higher high pull back and hopefully you

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get that kind of continuation of Market

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structure that um we kind of all want to

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see right and something like that so

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literally Trend maybe consolidate a

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little bit longer down here and then

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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

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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

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with it and we are approaching an area

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where it is likely to slow down but uh

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we will we'll see hopefully for my bags

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it does not but uh yeah so from a from a

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rotational perspective it's been majorly

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risk on over the weekend if you've

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traded well done it's probably been

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quite difficult to to not make money if

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you've been trading um the right assets

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so looking at you know the like lows of

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Friday or even Saturday morning when we

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started streaming like popcast up 20%

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with Myro basically any Meme and even

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Pepe is up 14% um so we talked about

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Pepe on stream didn't we we went through

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it quite a bit we went through loads of

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things and talks about the breakout play

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now the breakout play here obviously

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didn't work but later on you know a

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similar breakout play in this range

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would have worked absolutely swimmingly

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so this is why I kind of keep playing to

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the long side particularly if my bias on

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bitcoin is long because you playing

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these memes playing one breakout trade

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you know that would have failed same

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would have failed here and then finally

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you catch it and actually pays for pays

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for everything um probably would have

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got stopped out there to be honest in

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terms of like that rotation because you

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whack an EMA on it and oh okay maybe not

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um though I probably would have been on

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like 15 minute EMA I probably wouldn't

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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

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range um and not like instantly

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reclaiming it so I don't mind like

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sweeps like this like take the low here

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go back in and like instantly react to

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it like that would have been okay but

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the fact that it lost lost the trend

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lost the range you know that would have

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been me out most likely so I can laugh

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what I want about it but uh yeah that's

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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

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range like you've got two compliment

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bits of information there that kind of

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say right this could be a trend

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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

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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

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then off we go that is pretty common

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that's exactly what happened here the

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second that I really like in these

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conditions when we risk on rotations is

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consolidation into that Range High

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either after a reclaim um or literally

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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

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a super wide uh invalidation but

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something like that and you can see

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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

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you know what I'm playing a breakout

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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

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and uh and Audi um everything around

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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

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for me sdx is the one that still hasn't

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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

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let it let it hopefully run um whiff and

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popcat and everything like that from an

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Inay perspective they are all you know

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looking very very strong but jumping

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into these these kind of consolidations

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is pretty hard you know again like I've

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just noticed on the on my screen that P

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start to sell off so this is where I'd

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be like no this isn't breaking out you

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know not good enough for me I'm I'm kind

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of out but it is quite clean so my bias

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is now more to a kind of distributive

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range probably this as well in terms of

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like Divergence across those highs which

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uh in my haste I probably didn't you

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check out as much but uh we've got that

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sell off with now consolidating in the

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range but the Market's very risk on so

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you know it's smart to try and take some

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breakout trades at some point

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particularly because we talked about the

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whole you know run it up consolidate run

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it up again kind of pattern and uh you

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know a few small losses uh almost always

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absorbed by one very very good rotation

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

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you daily daily um divergences across

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like SOI um so I'm always conscious when

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you start seeing stuff like this as well

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which coincides with the thought process

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of Bitcoin heading into resistance so we

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expect a bit of chop consolidation maybe

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even a pullback

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um yeah and a little bit of uh weakness

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on on even the strongholds you know this

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is a very strong move but it is weaker

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un objectively than previous moves you

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know where we had much much much higher

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RSI so I am bullish I do expect us to

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have a little bit of a pullback as we

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head into that resistance on BTC I think

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that a lot of alts um are very very good

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in terms of memes in particular but it

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is quite difficult to get on board the

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said memes and if I start looking at

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some of these there's you know quite a

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few divergences actually heading across

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these highs um it doesn't mean I want to

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I want to go balls deep short obviously

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um it's a sort of Shire way to get

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absolutely ruined um if you over

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leverage on shorts in these kind of

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conditions but obviously as a hedge

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against the next kind of leg in the

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market which I think will be a little

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bit of a pullback not much just a just a

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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

279
00:11:03,600 --> 00:11:08,518
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

291
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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

303
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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

307
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

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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

312
00:12:24,519 --> 00:12:30,278
of like key levels in terms of um yeah

313
00:12:28,320 --> 00:12:32,800
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

315
00:12:32,799 --> 00:12:38,077
is it is a nice a nice reclaim setup but

316
00:12:36,039 --> 00:12:40,077
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

318
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

325
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


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