 good morning everybody welcome back to another stream hope you guys doing great without further ado let's get started yesterday was our moon was a moon mission of a day uh pretty much uh i mean it pretty much went just from zero to a hundred real quick uh i mean you can see through here uh if you look at what we looked at yesterday in terms of uh analysis that we had available we sort of said that yeah there's potential to get give you a nice little double top here and go down from there uh but it ended up just sort of leveling out and just ended up playing into the short side of things after being really heavy short decided to squeeze every single more sort of short out of it uh now we find ourselves pretty much in the same predicament but slight variance here just because uh yesterday was sort of facilitated by es if we could uh just over there as you can see and we're already sliding down of the back end of probably some large data sets ppi there you go uh just sliding down uh i mean then we got a sort of in 15 minutes another sort of speaker coming in here so it was just sort of news uh and i think bitcoin just was reprised here for the sake of being reprised uh because it's just trying to adjust that i think some numbers uh you can see that yes not necessarily having the greatest of times uh off the back end of uh the current numbers that we are getting uh but it's just trading to their uh sort of pulling up after the fact uh you could expect to do something like that if this candle ends up settling out here uh let's that might drag bitcoin up a bit further uh something that you want to sort of keep in mind how far we could drag this uh and how far will it decide to go until it says ah cool enough enough uh let's flip back into sort of book map view i mean looking at the collection of shorts that was sort of depositing already it's sort of telling that uh okay sure we're going heavy shorts numbers are bad es is already down into pretty much traded here but it's already sort of looking like he wants to go up so he might drag this up with it and sort of squeeze out the shorts and that's something that you want to maybe look to see good morning bgc strong bgc too strong that's the only worry worrying thing is it's just they just start to go up i mean if you look at it on like a longer term view is who's the longest one of you just coming back up i mean he just came back retested this and just blew uh just clear sort of conviction to try trading to sort of these higher grounds but end of the day i don't think that's too strong of an argument i mean just look at that man it's just coming back up same top like you're just training back at these areas here i mean best case we get is a stretch all the way up to here but i mean we've already taken out all those stops uh before i mean that we haven't so we just coming up traded back at that same volume so we could easily just come back up if we retest maybe something like that but definitely not considering anything prior and it's kind of like weird predicament you don't really get these shapes anywhere else you can see how weird these shapes look he's like oh yeah there's like something that maybe you call a pat i don't know like retails just not really getting any patterns just coming back and sort of hitting out into these and it's just weird really normally retail gets their patterns but generally oh yeah you can see something like that he'll play out this entirety just plays out half let's shorts get trapped and pulls up and there's nothing we already knew that like this was a massive area of shorts here and this ended up being really short so and it's just one of the things where it it actually worked out in the favorite flavor of uh retail traders where oh yeah there was a lot of shorts here this you can have at least traded this flag here it's like oh yeah uh yeah i just traded that way like are people shorting down into a 10 o'clock game 12 o'clock game there you go just consolidated and instead of trading up people just shorted this for some reason uh you can see that these patterns really work when there's uh no expectations for them to work and it's just essentially like i've always been saying just do the opposite of what most people are doing most people were shorting this area here okay yeah you're looking to basically do the opposite because everyone was shorting here so you're trying to be in the long scenario and you're like okay uh since everyone was shorting there's a flag here it's it's probably gonna play out i mean we've pretty much cleared it twice i mean here and here in terms of the stop hunt range i mean as for today i mean we're sort of pretty much looking in similar sort of territories here where you're looking at you're looking at sort of this shorter area here coming in again off the back end of what es is already doing back there it went down super aggressive bitcoin's not really really following suit as you can see here it's just bitcoins didn't really get the same effect i mean from here to here was how we moved bitcoin but from here to here we're just not moving down so it's just it's just the fact that again we talked about this before it's just bitcoins just repricing higher the sake of being higher so it's just they want to move it into a new range i think they're done with the lower ranges for now uh so that's definitely something you might want to consider that if they sort of keep it up here and they start changing these ranges they're trying to move up slowly because i mean if you look at sort of a tumor price in initial price rather i mean you can see increases increase which is annoying uh i mean goods price jumping is it's this weird news going to jump we already know that the prices were going to be higher uh i mean everything is just going up higher uh with a lot of you get to come and we've got a speaker coming in uh just a couple of minutes then after that 12 o'clock bank of england 130 bed bullard then add the closed session so i mean we've got today is pretty much jam packed so i wouldn't explain anything there so just mark out these times i mean 10 o'clock like always 12 130 and obviously just close because it's the new year close but uh we've got we've got four sort of time markers that maybe uh will cause prices to behave weird so that's something that you want to consider uh we'll see if if the if at 845 this switches gear and goes back up if it doesn't on that close we're sort of looking for that to continue that back down and if this doesn't drag bitcoin down under i don't think anything will just because the how hold it's sort of strength that which is holding it holding at here i mean it should be down like it should have already gone down like yesterday but he hasn't so it just moves into a scary territory where why is it not going down and why is it pumping it shouldn't be doing this it's unnatural but where the things have happened yeah i mean looking at yesterday you can see where we stopped at and yes see if there's anything you can stop at today i mean again others other than stopping at where we've where we've traded that now here uh there's not really any good stopping distance until sort of this level here so it's it looks like it's a make or break uh deciding factor if we sort of hold this in the next 15 or not well next five rather so on this kind of close we'll see if we hold it and we sort of rise up after the fact if we don't again probably looking to sort of spell lights out for bitcoin uh theorem back at this sort of monthly resistance up top we've talked about this before which is a very strong sort of level of resistance we've got traders trading this so probably going to be looking to be uh mostly breakout longs uh ultimately it it might just end up going the way that it always does back down so just probably look out for that if it sort of flips a monthly level i mean he flips this like this and holds this then goes up that was that'll be a reason to go up higher anything else you're probably looking to be weak again bitcoin's holding which sort of ears we'll see if that again leads us to go up higher without sort of four time markers again we've got we also have 10 o'clock uh i mean 10 o'clock's always always considered uh something that we do let's go 10 o'clock coming up that's something that you want to pay attention to us 10 o'clock you've got to pay attention to sort of that what was it 12 it was 12 30 or 12 another two that's 130 12 130 i think we sort of get rid of bank of england just look at 130 the most part we look at 130 turns the year's time then that four so i mean we've got we've got some time so we shift midday to sort of 130 and just call it call it that so i mean the only reason you'd want to do that and look at these times is if this starts going down that 10 o'clock we probably swing it the opposite way then that one o'clock we probably swing the opposite way if they come out and say something outlandish because again it's all about setting people up to do the wrong things in life that's what trading is is trying to set the critical mass you try and trade the wrong direction and once they're ready to trade the wrong direction going the correct direction and that was evident yesterday you can see everyone went short here so they decided let's go up you convince the critical mass to do something then you do the inverse and you can see that like they are collecting shorts and it's just being split actually so it's just so fighting 10 o'clock is it yesterday said get paid yeah get paid and again you can see the split and the difference of what was happening here you can see that areas where we have these sort of higher level of shorts that we are rejecting off of and areas where we have these longs again it should be reversed but we're not really sort of supporting ourselves except for on this this sort of area here you can see when we started shifting back into longs they're sort of coming back and saying oh yeah we'll hold these longs for now in terms of breaking you want it to break above this area here sort of be bullish I guess it just happens to be the daily imbalance makes sense it just means these shorts are underwater once these shorts are underwater they'll be dry to sort of hit these at these levels here at the first stop I mean if we're sort of looking again if we're sort of trading below below this area here that's an area you want to say okay it's sort of knell in the coffin we're gonna go down and we're gonna have to keep going below each sort of long area here and before we can sort of consider that to trade down terms of split wise there's more shorts than there is longs just from eyeballing it here you can see there's yeah if we add that together yeah it's about the same actually in this sort of concentrate area more shorts in this sort of wide out view of course there's more longs in this sort of market but it's just understanding if those longs are really sort of well and truly uh traders or just the market just pushing the market itself up yeah I mean it's first move if we're expecting down uh it should come out oh come on now actually let's see if if if in one minute whoever speaking decides to say something stupid hopefully it does and market price gets discounted you can see these sharp sort of long areas here it's just such a so much to retrace back but I don't think it does it truly well and truly the fact that it's keeping itself up here it's interesting there we go should hopefully see some effect now if not it will sort of drag it out until 10 o'clock which is nightmarish sort of wait for it yeah nothing out of the ordinary nothing too interesting just continuing itself down just selecting shorts yeah rejecting here I mean it just found its resistance so I mean you're probably safe to be in a short until sort of 10 o'clock at the most part uh until then we we haven't sort of really well and truly uh found a direction that we're willing to go yes finally down further that spells danger which is good for us uh you can see it's continuing to go down which is very very much you see that here very aggressive just finding finding its way further and further down just starting to spell starting to smell like trouble for it so if this continues to go down there's only one option for bitcoin to go down the fact that bitcoin hasn't been going down off the back end of this again just shows that it's happy in the newer price range here it's just waiting for ES to settle out before it can sort of catch up and I think it wants to sort of trade into the higher ranges because I think there's more invested interest in making it a bigger number that market till next week yeah hopefully not I mean yeah we do need to settle out a bit uh we do need to sort of like yeah I mean I think all coins might move better uh because bitcoin hasn't been moving a lot recently the fact that we've reprised again like ES went from here to here and just basically did nothing bitcoin just went from here to here and just said yeah we're happy here now in the same sort of distance that ES did everything it went from what 21k to 24k it's just stupid yeah 21 300 to uh 2400 you can see that it's just a very sort of very sort of large movement out of it relative to this low moving well almost non-moving sort of star here ES went to sleep I think he deserves a good sleep I mean we're already sort of ahead of the curve here so it only makes sense let me sort of sleep a little I mean we'll have a look at some more coins we'll see if they're in any position to sort of be in I mean yeah I mean everything's just coming back down just as long as it sort of holds this area here your item doesn't it doesn't look too bad again well that's what it feels like in six holds that you're sort of good uh Avax again you just need to go down a bit further I go all the way to 18 but broke broke that level here you can see and just flew to the next sort of resistance level just up top uh don't really have too much supporting it here to that 18 mark so it's just if it sort of holds this area a bit further down I mean it's moving up again just finding is everything basically all the all coins are just in the same area where they are into a level of resistance and they've got support down below but it's just a bit further down then we'd like it to be the most most part so that's something that you want to consider but we do have sort of 23 even as a support here but that looks like a really big range sort of spread so it's just probably waiting for a nice little double bottom if anything uh sort of being that one bitcoin again same thing where it's just at these high level of resistance and it's not really looking to you know am I on this one not spot one there you go it's at these high level of resistance and you got that bottom level resistance support here uh I mean it's just too high to sort of warrant any sort of entry but at the same time it's just been moving like a madman so we might only expect it to continue to move like a madman today but let's see one swipe to yeah it's I think it would have been too aggressive so I think it expected to sort of level out as least like it should sort of quiet outstay I mean the fact that it hasn't been going down off this disproportionate sort of move down uh it just shows that they're just they're not getting the right amount of orders here they're not getting the right amount of longs entering into the market to warrant that or they are getting that level of short as you can see here on this push down like uh yeah accumulating that and they've already sort of got rid of a lot of longs uh relative to this area here so it's it's nice to see that that'll probably sort of warrant uh price to potentially go up higher uh once we hit that 10 uh the fact that it's just accumulating short and not really getting any sort of anybody here on a breakout long just shows that okay this just was reprised and no one really got into uh enter into here or no one was really entering into here for too long uh it just shows that it's just very weak market uh moves where yeah like that and anyone who says they got that it's like oh yeah I got the pump uh it's just like uh not many people did uh and not many people were probably profitable in that swing high so that's something that you want to look at and just say okay cool like that everyone went short initially and then traded in but even the inverse shows that again looking very weak I mean looking how ETH is just trading back at this area here it just for like once in its life I think if it breaks it it'll be happy but I don't think it tries to break ash it should do I mean if it needs bitcoins help to break this and I don't think it breaks it by itself uh less and and yeah unless there's a miracle because realistically if there's no miracle it wants this trade back here before if we're continuing up high or we could have just done something like this if rejects it and continues lower and everything just depends on what sort of market sentiment is coming out of uh today I mean the fact that we're opening low just will say that okay 930 comes along la dee da dee da everyone sort of slams it down once then then it sort of trades inverse of what everyone opens up because that's why you wait for that 10 o'clock is because 930 will probably sort of slam it like super aggressively you can see that open here you can see that and 10 o'clock comes it just trades back down and just mellows out then it obviously consolidates into this long long hole here but it's just same story 9 o'clock everyone's sort of stricken to be long then everyone gets taken out of that market then it continues back into this area here it's just some most times you're gonna be like that's like okay cool everyone went sort of long it just held out a bit just told them to go go maybe take some sun rays somewhere else and held out a bit longer trying to just sell these guys off show them a double top and continue to need a buyer that's the name of the game is just ideally trying to trick people into trading the inverse so you can see that we're opening short here we're selling off everything's just selling off we'll see what 930 opens into 10 o'clock comes in we probably can if we're not going to get a double bottom by then uh then you just look for a double bottom but trade it inverse to that 130 then maybe a 130 we get something else if 130 doesn't present a new opportunity you're probably looking to just stay in the same same trade that you were in that prior but it's eight times out of 10 should should present a new opportunity if there's big news coming out but again other than running you guys around in circles and just saying the same things i think i'm pretty much done for what my bit gonna ask is and i don't think much much will change uh unless there's new ways sort of trades but i doubt it because we went over all the scenarios that i wanted to go possibly go over not many not too many scenarios just about two today not expecting too much out today uh i mean anything else uh you guys uh want they can try to just ask actually where's the kind of gold hopefully that's still going down yes it is still going down which is good for us we want it to go down uh we just i don't know we just want it to go down we're just hating on it don't really want to see too many analysis other than like yeah continue to go down continue to be sheepish uh go crew dwells in an interesting place uh it's a place where you go retail people trying to trade this again a lot they just see this i guess and they're just like oh yeah cool that's something that we can get behind and see that breakout by here that instantly get got stopped at this area here so you can see those breakouts that eventually led to this trading lower so maybe continue this uh downtrend lower but it's found some support if it doesn't hold this area here you're looking for it to probably slide a lot lower uh off of that but generally uh it's decent in terms of structure structural sort of play it's already found itself back down into this area sort of supported it's just a matter of fact if this candle comes back around for each round and hits these out the fpm uh not really i mean you finally hit that level that we're looking at but uh other than that it's just i mean look the the there was that miss level came back all the way down hit that monthly twice back up here i mean we want to look at lower time frame there you go sliding down hopefully it slides down a bit further i doubt it does one of the things that are looking strong looks like a big w i mean you got that hit up and see here where you just hit it's into these shorts i mean it's already ran these up here i mean longs where it's just run these longs out here hopefully collecting short here i mean the worst case you see it perched itself here uh then from there maybe something out of it uh it's like what five five four even can just depend on bitcoins behavior the fact that they're slowly winding down it's it's nice it means the collecting shorts rather than slight just uh using uh these longs up top so we'll see worst case i mean 22 i mean 24 to 50 we'll see what comes out uh actually yeah we'll see what comes out there see if it holds this area if it does and you're probably looking for it to slide a lot lower but it's coming to the stage where it should uh give you at least a double bottom i need to hear we'll see what ends up ultimately happening maybe this goes a bit deep exceeded uh then goes up like that but it's just all dependent on on that but mostly you're looking for that but sometimes you get that this doesn't hold consolidates a bit then there you go again that's that's pretty much it all like all like that oh there you go large pop it sounds as well you guys should be able to watch this by yourself you guys know what to expect hopefully uh enjoy the rest of your day guys enjoy the actually we've got still got tomorrow man i thought it was friday today god damn it uh enjoy the rest of your day guys trade safe and i hopefully will catch you guys tomorrow peace