 Welcome back guys to another stream. Do you guys are doing great without further ado? Let's get started Audio's a lot better interesting day as you know Uninteresting day yesterday Basically did nothing and that was part of the course again Monday and Tuesday. It was just just prep for prep for this Today as remember, I mean ahead of sort of in straight announcements They don't want to let people go too wild Uh, so I mean we'll look at bitcoin uh in terms of on bug map and we'll see what it did other than that Uh, nothing really too much to talk about uh from yesterday just pretty much uh Pretty blase we can see here yesterday. We talked about this all coming to it We ended up hitting it then going down some and you can see where we did go down Just we went down into sort of uh this area here We set our sort of new york range low here That's where the wall was and we hit into the spike here Just stop out that 50 range and take the liquidity sort of uh that would be present here So it's a nice little outside where you know, it's just a little bit of overhang That they're just trying to grab as many orders as they possibly can do before sort of push on uh push before they pushed on Upwards And you can see how on this breakdown on this low It's it was spotty in the sense that they weren't really going too heavily long but same time uh, you can see The longs coming in on this side because they realized, you know, why there's too many people short by the time we hit here They will probably be taking profit. So that will be lost money or lost beds or whatnot And after they hit that ended up going for the high of the range though So they ended up taking both low and high Then consolidated between 50% of that And you can see the break uh Break line very clearly if you saw swim right the way out into sort of today There we go There's your break line essentially here where you have your shorts below and your longs essentially accumulating above You can see every time they sort of Successfully took taking some of these stops out very sort of fast movements to take these guys out Uh now sort of like building a slow grind upwards Ideally we want prices sort of uh tend upwards on the sort of opening bell just to sort of Say shake the fact that we'll potentially go down onto today Uh because essentially we're we are looking for worse off numbers I mean uk came out with their numbers already. So we'll look at uk's numbers right here, uh uk's forecasted was uh 9.7 ended up hitting 10.4 and insane sort of increase So we can probably expect similar sort of tone to come out from us considering as well as the fact that the sort of European central bank similar things where they had a rate hike So We're look we're looking at them and seeing that us They're probably going to raise uh raise those rates uh because inflation sort of uh uncontrolled. So uh Looking at that and saying hmm It's potentially looking pretty bad for us. So we want to see uh, essentially Longs being accumulated and it's in the right sort of course I sort of say that because again our weekly range changed none yesterday From monday's because Tuesday just traded within and we're just trading in that sort of premium territory And again that premium territory split up uh with The other sort of 50 percent. Good morning Yeah, it's here You can see that nice little split of that 50 percent where we have those closes And where we have these weeks are trapped short We have this area trapped short in asia And below here short as well So you can see every sort of collection was either at the previous or Above the previous sort of area where it did collect shorts or they're collecting new shorts on top of shorts So it makes an easy sort of way to sort of raise price without sort of Uh, costing too much for them Uh, let me get rid of this. I actually don't want to make this a shallow one Send it to the right north Today's fireworks. Yes, finally like it's Waiting is fine and all but It's such a bore There you go 50 percent up then down Or down or down then up depends if you go up first then it's down if you go down first then it's up essentially is Uh, like we say before Uh, with all other news, uh releases Just do the blooming opposite Uh, because it hasn't stared us wrong, uh, essentially Because again, you're just looking for signs of a builds up of uh, retail traders or a builds up of traders prior to the news Because they'll let people go a certain direction Uh, in order to make as much as the money as they possibly can do. Hey, hey Uh, because again, it's all about making money even in sort of uh points where prices are Or the economic Are not really doing so hot and prices take a slam Oh, it's easy quick and easy at last. Yeah So you should, I mean worst case you get whipsaw, uh, we know how to sort of trade whipsaw is just Again, you just grab tail end when you're at that support level and and, uh, you just counter trade The direction essentially it's most of today will be counter trading We do have a bunch of longs being built up. We do have short term, uh Short term sort of uh traders traded short so we can easy right right raise the bar a bit higher and grab as many Uh as much as we can possibly want Uh or as much as we need Before sort of pushing it back down Uh again a lot of people, uh, I mean coming into this and just like It looks like a slog. We've got we had the whole sort of argument where everyone's saying no no Feds feds not gonna raise that Elon Musk wants them to lower it for some reason again everything he says Yeah, they've been trapping short uh Shorts here as you can see the short term wise trapping shorts, but in terms of the largest sort of uh Oh, they've been sort of grabbing these longs on these top one So they've been liquidating them and they've been holding up into this high. So they've been trapping shorts Uh, so if they liquidate their shorts prior Prior to the news announcement again, we've got to it's it's two o'clock. So it's uh, what 1400 She got 1400 here uh 1400 here if they go up uh prior to 1400 We'll sort of uh slam it back down uh and let them fill a world of hurt Uh, alternatively it could just be up Get rid of shorts go down get rid of longs go back up Because we get good announced and we have good numbers at the end of the day where We have uh It's I think it's a closed door meeting anyhow, uh as you know It's economic projections. So and the conference is in in the half hour. So we have a half hour of uh potential directional move from this two o'clock announcement Then under half hour we can potentially look for uh uh What's he calling in? Uh, maybe reverse uh as as they Come out and say oh don't worry about the numbers. Oh, no They don't mean anything. Oh Uh, it's all formal formal Hold on hold on I don't know whatever they say, but if uh, if UK said can tip the town I mean UK usually uh, just follows New York from the most part. So since they're sort of already showing and showcases Uh that they are The inflation rate is higher Um month and months and year and year Uh, you you'd call it and say, okay, you know what US is probably doing, uh, probably going to have worse off numbers today. Uh Because I mean they also forecasting a uh 20 fi based point rise for the interest rate decision. Uh, so I don't think they're going to get that either. Uh, because That's a oof. They're right there That comes from like, oh, that's going to be another fun day because I mean we we all need to sort of curb the sort of growing and growing, uh uh, sort of disparity from living wages to actual sort of, uh You know, look, yeah from wages to actual livable livable wages again most people are having sort of and finding it hard to sort of live because the cost of everything's going up So it's something that they want to curb uh as soon as it's possible because I had not many people survive in this sort of environment Depends on how smart you I guess If you look at yesterday on sort of ESN spy, oh nice little update. Uh Just sort of consolidate upwards, uh Sort of, uh, you grabbed here consolidate upwards and the day nice and even here You can see where it ended, uh about sort of for Let's just say four hundred four thousand even It's buying ends up gapping up to meet that. So again, we talked about how If it didn't gap up if it didn't sort of, uh, come up and meet itself up here We sort of run the risk of sort of having a large a large disparity. So we finally got those, uh ETF traders to deposit their funds But the funds are now secured In my bank Uh, so we might get another gap up again We're just coming to that resistant territory here with spy. So we're sort of looking at that and say, hmm Well at these highs already we spent the day just, uh, making sure I'm not getting too many people, uh entered into sort of a Longer term long where they have higher level stops. Uh, we're just trying to get full term shorts and, uh to grab them out All right, I'm on a potential upswing. Again, just slow builds up here and see That's going to be the consensus of today's video just slow builds up for the, uh, industry announcement industry announcement at fourteen hundred Uh, so once we get that industry announcements It's going to be glorious, mate Two days of waiting. We'll finally flesh out Let's see in interim. Do you have anything else? Uh Uh No, just something from canada again. We don't really it's made up place. We don't really look at it Uh, 10 30 for crude oil. Uh, have you ever looked at oil in a while? I'm fine. Let's look at oil Oil fell down again. That was sort of the consensus last time We looked at it But pulling this far down. Oh, that's on warranted, mate What do you do? Sorry, I'm trying to be a funny guy, but I'm not really a funny guy Yeah, still within sort of, uh Still within sort of a structure here. So not really falling too far Uh gone I mean if you grab these sort of, uh, this area here where we have that split In that bar, but we have the previous area of volumes. This just collecting shorts come back here you probably see similar sort of, uh Similar sort of things happen here where it's grabbed short. So maybe we see oil try Escape upwards, but again, it could just slide down, which would be nice. Ah, no, not really would it Depends on who you are. So I guess Uh, is weekly broken for this Come on, man There we go a weekly that is not broken It's on the weekly and the mouse will sort of chalk this up and uh, because I can see that it's already trading out Sort of 50% of this area here There you go trading at 50% at the high So look at that and just say, ah, yeah All blind in order We just pinned ourselves basically at a bearish sort of area here So again, this area here is bearish as long as these little keepers in here can easily slam themselves down I don't I don't expect it to go that far down and just saying it's a possibility that we go down I mean everything's opening red, uh Currently I mean prior to sort of every anything else It's always nice. Uh, I mean yesterday as well how It was just not all eyes on I mean basically nothing but still In back down just took out stops went high Traded that resistance now just trading 50% Uh, maybe take out these stops here again. You've got to look at where breakout traders come in They come in on the line break of 11 8 So they come in here. So we'll get more traders here. We get more liquids here. We have stops here for shorts Your breakout traders buy they liquidate shorts. They're making sort of drop it So there is uh some upside. So you got to look at that and just say, okay, cool We're not expecting just straight down to hell because we do have what two four hours of trading Before a national announcement comes Then we have a quick succession uh Of 30 minutes where we have our two o'clock in our two 30 announcement Uh to potentially sort of pivot ourselves into a direction But other than that, there's nothing really going on So most of this should be just set up. So again, you sure you're looking at potential setup or A either a short or lock and again, those are discussed in terms of if we're going high if we're looking like we're trapping shorts If we're trying to grab uh premiums Of the market if we're liquidating shorts out at these highs here That's your short signal if we're doing the inverse where we've got trading lower everyone sort of in the dumps everyone's just short bonanza Then we're looking to do the opposite but majority of the newer traders are long That are still within the market because we've been going Higher than we have been going lower. So the shorts have been sort of struggling But the longs have been having sort of free reign to sort of Relax for the most part. I mean they've been cases where they just instantly been punished, but Neither that It's something that you want to sort of worry in terms of They're still in the market essentially and they still sort of have the ability to get liquidated. So You're probably looking for them to rise it Once they rise it you're looking for them to drop the base We'll look at there in Probably forget And the daily just came out filled a gap again. Look at this is double top uh They sort of work out. I mean in another sort of uh double top here where we're just trapping longs So we do have that buffer again Just a higher level of resistance up top where we could just slam everything here And we know that retail traders will try breakout trade here And if we go down to lower time frames you look at that in a more sort of Deepening light. So just grab it like this Essentially that would be where retail traders trading in any time we've poked ahead We just trapped them sort of slam back down Actually, let me switch back to body view so we can grab the bodies instead of grabbing In the air There you go. There's your bodies here. So I think that would be a lot more better in terms of identifying There you go Uh, so we know that anytime we come up here. We're just trapping. We just trapped Again pinned to here. So as soon as we escape this people will look to this and say, oh, yeah, let's trade that That was good And it's a small sort of variance where people Neutrates in so they might come in here. They might come in just higher But ultimately we're looking for them to come in to get liquid uh to push out liquidations Which again, it should be very easy to do I mean liquidation is just here. So they just need to press the marker here The liquidations will carry carry the rest forward and push it a lot higher And that goes with most things that uh looking like this again You just got to look at where retail will enter Where volume will come in and the rest you just look at bookmark to see if it did come in Because again, it's all potential unless it's actualized So it's only actualized when you actually see those bids come in and you can't see them on the candle So you just see it on the book map say, yeah, my confirmation bias is correct Blah-dee-blah-dee-blah On to the next one Likewise with bitcoin you have that same higher level area that we could stretch out wings to again if we're sort of feeling frisky, but It's worth just seeing that bodies. You're seeing those sort of collection of four-hour candles here. So I mean it would do that on trading use It is less mess on that You can see here Check the fractal trend line indicator on spider. Okay. Ah sure sure Are you using transpider now? How are you finding it? So you can see that area here small little buffer But generally closes coming in here coming below here just nice and even on that sort of territory And that just shows that this volume to be had at this area And this volume uh to be kept at this area All right, so be it trapped fractal change Whoa colorful Any particular setting Go to the outlet So I think it's mostly flat there we go And you can see that's your trend lines. So I think most people will look to and just say uh push Bye bye formal formal I'll hold on or whoever Almost for one year, but I'm disappointed yeah If it does pointed just cancel it then before you cancel they'll give you 50% off And it works out cheaper than trading view I mean for the future set that I use for it. I mean I only ever use raindrops and these here The other data points Does its purpose, but I know there's a lot of improvements to be had Try lever your disappointments on their On their forum Because levy always works Still waiting for it to break. I mean it's collecting long which is always nice, but we want to see it break I don't I don't know actually I don't think we wanted to break this early on because again Like I said, we do have four hours. So Could stay stagnant and sort be dormant for that four hours and just read that Uh, I'll stick to this room making some cool stuff recently. Yeah, they have I think Do you know what? I think the speed of Trading view speed is a lot higher because they've got a better community They have a better community because they're first one. So it's just like, okay Chicken before chicken the egg sort of scenario where Yeah One one can't get uh training. I mean transpire. I can't get ahead because it doesn't have a community making all those scripts for it And all the ideas because most of the Trading view stuff is done by the community and training training training. You just go so I'm like, yeah Can we feature that that looks cool? So like mostly yeah, most of the new stuff is done by creators which is Transpider it's still still struggling to release their uh custom scripts I know it's coming because it's it's in beta. I have access to the beta, but It's still a work in progress um treasury again, uh It's considering yesterday went high. I mean again, we'll add this area here We want it to go down and that's what we want. We want to curb this This banking crisis this uh, this banking drop did curb it a bit but pushing down um Supposed to allow scripture since yellow, but nothing. Yeah, I know it's nothing It's I think but then again you got like it's I think it's just one guy working on it Like all or at least that's why I had contact. I only had contact. There was the only one guy from the looks of it I feel sorry for it. Oh, I guess a very small team though And so it's a relatively small company in the anyhow Oh, we're going up. Oh, oh, we've got some movement. Oh Euro there we go euro I mean, it should take a hit today. Actually, you know, why haven't we been looking at this? Uh, because this will tell us some nice things Let's see See that pool of sort of uh shorts that entered in on that sort of break I mean the enter here as well. You can see The volume just being sort of accumulated here They got pushed out. Oh, hey Okay, I see if the u.s. Look stronger It goes down if the u.s. Looks weaker it goes up. So maybe Maybe you can take it to up here Maybe have that but still why? Generally just wait for it to be at a high here then just go the opposite direction Because you're coming in at two o'clock this u.s. Uh, whatever prints the u.s. Will affect it because We'll probably need to look at the dixie Again, this is not in too bad of a position Relatively speaking, uh, if we can get a stronger dollar, I mean it all depends on the power of the dollar, I guess I mean if we just come in here and we fall we fall, uh, then Then your u.s. Looks a lot stronger If we end up getting printing a stronger dollar out of it somehow out of magic Uh, we can print our stronger dollar out of today then We're gonna end up seeing the charts go down Uh, but yeah, I mean it's not generally too bad to say long But I don't know how much pressure to you're gonna get out of it because after the fact you got Thursday, which is another news day, which would be the Uh No, no Uh jobless games, but I mean it's more for u.k. So It's fine. Not Thursday No, okay. No, sure. It looks like we're in clear streets after uh, Wednesday, I guess I don't know. I just I'm always apprehensive especially at these highs here Just sort of telling that uh, something might sort of go down Uh nice little Short throw. Um, I mean if we support here, maybe go along but again We need we need to look at sort of is it small close sort of relations sort of Same thing that we're doing was, uh Big one and everything just see How the charts moving price two o'clock if it's if it's tending downwards if it's tending uh, if it's looking like there's a weak dollar Then uh, we're sort of then it's sort of not too bad If we get a stronger, uh If we get a stronger out today, but still uh, if we if there's a miracle and the stars align A stronger, uh, then we go to town, but still as so, uh, I mean I'll tip to everything else. Uh, yeah, it shouldn't be too bad Actually, let me see if that's the case with, uh pound dollar Yeah, it's uh relatively the same case for the pound dollar, so I mean Unless everything just looks weak because of Because of the, uh What's holding in Because of the amount was everything just like oh no mark's again everything just go down just sell it But no I mean Well, I mean still have some hope here I guess we're we're at basically Raise a knife where we can just uh, I mean we're at this weekly area here So tending downwards kind of tacking some shorts we can easily trade both sides So most likely might get whips all out of it Uh, but uh, I guess Yes, I mean doesn't look all too bad for some at least some short term sort of high move I mean ever since september ever ever since ever since this pounds just Just going only up It's just I even subscribed to the only fans account Sorry that was gratuitous Uh gold came back down to that support level. I mean everything's at A place where you can make a decision to go up or down. So it's it's putting itself in quite predicament for us I think uh, yeah, they basically said yeah, they said just to stream on bookmark. I'm like Okay, because it means less work for me It's uh streaming on bookmark youtube and the discord I'd recommend just people go on youtube because you can always rewind to slow it down but It is what it is I mean we're probably expecting gold to at least try and make some rises people just Throw more out of everything else And just rush into gold. I mean we could get something like this where everyone Everything goes down slams into this everything goes right there Everyone's out just quick flush of the system or we just go up higher it's a very uh I don't know. It's a very sort of hard sort of give answers Give answers this early on because we don't know what an hour Hour from now is going to look like we don't know what two hours now How how far they're going to set up? Or how far they sort of lend itself And this is why you should catch the latest streams that bookmark do Is that they do the other streams with other people So they'll give you that insight for stock Between the trading day Let's see if you can Right now is time to just be looking at sort of news And just setting up so I'm making a plan for today, but it's fan's decision day. Yes This ain't no following around Why is that highlighted? Okay, that's why it's highly it's good sends me out. Okay I've three more times stop making Oh So tight. Yeah Uh, it's the first time in a long time the fomc has a real decision to make Yes I mean, they've had lots of other decisions to make but It's just they've fumbled it. So hopefully they'll fumble it. Uh, how do you open this in your time? Ah, yes, I love these pixels. I love these pixels so great What am I looking at anyhow standard and poor Uh bit rate. Ah perfect. It's otm fun traps. Okay Let's see. It takes the healthcare. Oh healthcare So it's a ratio that I'm looking at make it visible then don't hide it behind your pixels Uh Did not prepare for uh for an interest rates increase cycle another interest rate another increase in the near term aggressive Aggravates the problems at the bank Yeah, you know what let them collapse, but this time don't bail them out Actually, no, you know what at the end of the day, uh, the consumers end up getting more hurt Like see that's the funny thing like regardless if the government help or not consumers get hurt It's just it's just like The u.s. Is built in a way where it's just designed to just screw over the end user all the time It's it's a great system Uh softer stock futures, uh indicate investors are a bit on edge knife. Yeah, we talked about that uh, it's true uh everything sort of teases our area you got a fine line between uh Between either going long or short making it pretty hard for most traders, uh, I think but I think most that should clear up The later we go on, uh, again, it's early times. It's early morning. We're looking at this Uh Following the first back to back gains. Yeah Some recent market upheavals began. There's nothing like a banking crisis to kickstart an equity rally on the transitions Oh But there's nothing to say though. What am I gonna say everything I can say I can say in less words It's called being affected Oh, cool Uh, this this is something interesting. Uh, we finally got we're finally getting choked Finally choking this That's the thing uh Because this is not trading out. This is preparation hour Getting some sales here Getting some instance shorts, but I don't think we're going to go anywhere with this at least sort to the downside We're just sort of trying to see how many shorts we can get to try and warrant this because we were up here for a long time I didn't really get too much long out of it But at the same time, uh It's it's fine. Uh, we're just looking for it to try and try and find some shorts here Uh, we'll remove this sort of wall once they remove this sort of pressure and sort of come back up essentially back to the news Uh onto our call of the day, which seems to be silver some silvery linings out there via one sector that a few many You may be paying attention to right now in a note to clients fun strats head technologists mark newton That's healthcare suddenly came back to life A good sign for the broader market Uh soon I'll get you Used words more effective Uh, man, I will I won't trust that man with a paper bag. What do you think I'll let him poke around in my head for let's see Quick question. Are you guys vaccinated? That's the same. I I am I have still not vaccinated So I don't have trust of the government on or not. It's just I have I just haven't need haven't found the need to get vaccinated By the same time Feels good for it I'm all for vaccines, but I know they're not really useful, but I mean if I have no use for I have no use for it Uh, before we get to that the truth moment, uh, as it lies between la da da Or three six, yeah, hi as he said Yeah Okay Let's let's see if I can figure out the charts that you're trying to show Uh, uh Let's get the healthcare ticker Let's take Let's see more rallies dig healthcare. There we go Don't need to look at healthcare too much Let's see relative performance of healthcare went Into relative spy, uh, I mean, yeah, but we could see something really. I mean, it's if you look at a sort of, uh Sector map. Oh me. I tried you. I didn't like you Uh, isn't the isn't the worst stock right now sort of utilities, which is uh How are they failing they legit legitimately? Have monopolies and duopolies And I strangle holding customers How are they doing that? I don't understand Oh This I expected to be a lot worse. I mean, yeah, it's doing this trading on the lower, uh, a little bounds makes sense Let's see my staples Tobacco's down. Oh my god. No Uh, healthcare wise Technology is done. So take this down in general for healthcare Uh tools and services, uh trading high Interesting It's just a nice little glance. I mean you guys can figure out what to do because This is nothing I I I'm I'm too uninformed to get into healthcare. I know I'm too uninformed So I don't bother with it. It wasn't just a nice look at if you want to get into healthcare. I'd suggest learning biochemistry How to read reports it's a lot of boring and tedious tedium U.S. dollar risk one. Oh, yeah Everyone's risk off on everything. Ah, so nice I mean, there's nothing really interesting. I don't think in this article that we haven't sort of coverage before We're just exciting in wasting time To affirm commitment to getting inflation down Oh, what's this? Does this work? March 21st 2023 405 pm eastern time The federal reserve is expected to use its monetary policy decisions on wednesday to send a message That the economic outlook remains strong enough to handle further interest rate hikes despite woes in the banking sector This market affirming message along with remarks stressing that the banking system is sound and the Fed is ready to provide liquidity Will be aimed at bolstering confidence So far so good But the Fed also has to provide its forecast of the future path of interest rate hikes and these might be hard for the market to digest The risk is the associated plot will be a little hawkish said Vince Reinhardt chief economist at Dreyfus and Mellon Those who don't know what hawkish is essentially the equivalent of saying bearish dovish is bullish Uh So it would mean they sort of will be tightening and stuff like that. So Uh, I mean we'll fall in line to what we're seeing today and stuff like that if we're saying it's gonna be a hawkish It's it's gonna it's gonna it's gonna collapse us That's because the feds forecast will likely show a stark difference from the market's views The feds have called dot plot will likely stick to its forecast endpoint of rates 5.1 percent which implies one more rate hike in may but it could raise the endpoint to 5.75 percent Yes, so this was uh, we're discussing in terms of charts are showing like increasing increasingly more sort of higher sort of points I mean the forecast, uh Our consensus rather is 0.5, which is 25 base points, but they're saying well 5.1 Or even 5.37 of which will be significantly higher Uh, if this if they're plotting for that then it would it would uh collapse non collapse, but it would sort of Hammer fist everything down in other case the fed is not expected to forecast any rate cuts this year The market is barely pricing in a may hike, but then the difference is set in Market pricing implies a rate cut as soon as june with rates falling to 4.25 percent to 4.5 percent by year end See that's the thing like uh, that's that's really hard to say like, oh, okay, cool. My mark is pricing in this ahead of that Uh, if we look at spy That's all that's why why not Let's play some iSpy Uh, let's see we've been going higher Everyone's like, oh no, it's it's pricing in uh, blah blah blah if it drop, uh It's good numbers then they forget like I mean if we go down here, I mean make our way all the way down I mean june's all the way down here. It's just takes time. I mean If we reach here by then then we start getting that oh, yeah, we start easing up on the pedal Then we can probably do that Then we can say oh another hike Uh, right now we only can say certain that there's a potential sort of great hike But I don't think it's all pricing in that rate drop drop until we sort of see See closer essentially But in terms of I mean we can always look at season 90. We always love that here Change January worse week No surprise there. We recover a bit here and Come again come june just again another sort of What a change over Get more worse off Look a lot better get worse off again then much better So you got to just trade with the absolute flow. So again, yeah Probably gonna slam a bit higher Uh, but I don't know. Economists don't think the market will be convinced It is highly doubtful that these dots are going to reverse the tide of rate cut expectations That are currently prices into the front end of the market But policy makers are going to use the dots to affirm getting inflation back down to 2% Said Aneta Markowska economist at Jeffries in a note to clients That's okay with the Fed chair Reinhardt said Powell will try to sweeten the bitter message of more rate hikes by not trying to convince the market that it is correct That passive strategy was also an evidence at Powell's last press conference That way that's also known as gas lighting No, no mark. It's not correct. Please guys. It's not correct. Okay. Okay. You're wrong No, I would convince you that you are wrong the market is February Reinhardt said at that meeting Powell was pressed on the Fed's views of higher rates for longer and replied in essence This is our forecast. I don't quite get why you think we're going to ease so fast Reinhardt said In the next six weeks the data came to him and the higher for longer rate strategy was priced in until the collapse of Silicon Valley Bank earlier this month Reinhardt said It would hurt the economy if the market moved quickly to adopt Powell's views Reinhardt said If markets snapped to where the Fed is that would be a big tightening move He said So Powell will tell the market what he intends to do and will let time arbitrate who is right He said Avery Schenfeld chief economist at CIBC capital markets said investors might not be pricing in strong odds of Modest rate cuts this fall Instead one can think of a world in which everyone's base case is that the Fed hikes one or two times and then stays on hold for a couple of quarters But that there's a non negligible probability that the economy goes into a tailspin and requires a major tumble in interest rates He said That's not unreasonable given the fog we're operating in today But if the fog clears as we expect bond yields will head higher as the rate cut story gets pushed into 2024 Schenfeld added That's an interesting story again Finding that word because he used to not work for me. I don't I don't know why Microsoft do Microsoft things, uh, but interesting sort of uh, and I think most of that is uh, so not too wrong So it's it's nice little information to have for you guys Uh, let's see. Let's see what we've got Not going to tailspin We if if another bank collapses in year then the government will be forced to bail out then It'll just be constant sort of down and spiral spiral spiral, you know, just be another sort of Uh, it'll be 2008 again. Basically Which is nice Then we can just pick stuff up for cheap then just actually at least I can because I can just come from the UK to the US pick up some cheap stuff up as Yeah, and another thing is how will the broader broader populace react to it because Right now you see them getting riled up about the smallest of things and oh, there you go that wall cleared up As you can see then we create a move higher Simplest that see no rocket science. No Right, okay. Uh, yeah, so general populace like they also riot. They'll cause more issues more damages Don't think about that because but a lot more rioty and a lot more, uh Looting that More lootable like the US especially They're more likely to cause Major catastrophes if they if there's another sort of crisis This we're dealing with two different, uh, basically essentially two different generations. Jesus been that long Uh Those who are kids are now adult Uh and And then the younger generations just As the kids will say wilding Uh, they they just uh, they will just react to The smallest of things and and blow out and make a mountain out of it And you gotta see like, okay, what what will they do if we get into another crisis? Because we already saw that whole ticket toilet paper fiasco And you And the gas fiasco about people loading gasoline into the truck. So I've got petrol Oh, we're climbing up high. Ah, this is what we wanted. Come on. Go up higher Go up higher Yeah, not really going too far high just sort of change sort of london's high here I mean london's sort of said that it's some way just gave a nice little double bottom to push up higher Again, we're just trying to capture these longs. We're just trying to capture these guys Uh, even if it's a nice little double top like this, we're just trying to capture them at two o'clock To then try to come down. That's the main thing to do. You're trying to see who whom, uh Nationals who who they trying to get So if they're trying to capture longs, they'll go high if they're trying to capture shorts, they'll go low And your ultimate outcome will be the inverse of who they trying to capture because again, uh, the market moves in, uh, the opposite direction of the majority heard Because that's where the money is made In the opposite direction It's slow winding So I mean, you can see this high here. I mean, it's right. It's the same You can probably look for a double bottom if you get a short throw again Your support, I mean just yeah, your split comes around a bit lower. So I mean if you get a trap's a bit higher Uh, then we'll just sort of say, okay, they're keeping within line. They're trying to reach this higher much earlier on Trying to push for that sort of market to go up high and again, we see those shorts here So that's where they may potentially try and Capture more shorts if they try and put short higher later on or if they're trying to get a nice little double bottom After a little break But if they're not they're just gonna keep pushing keep pushing until 10 o'clock that slams it down then Then we get something out of it, but Ultimately we'll have more time sort of Grab these shorts, I guess you can sort of always scale in if you're sort of unsure but again You have time so don't worry I'll listen to it when I'm off stream because I don't know if it's copyrighted or not Ooh, Nike doing worse Oh no, oh no Oh, so sad. Oh no Oh no I was an uncertain and back to England's decision made, uh, almost a lot after UK initiative came out and quickly thought and uh, the odds of quarter of wait rate had to moved from 70 data on Wednesday year and year in February the guilt and Guilt rising I mean it's back. Yeah, it's a British pound jumped from blah blah blah It was first off with most it's October when inflation ran a dip, uh, 811 1% dip such a weird D oh, that's a clip Expected re-exhalation inflation, uh, despite cumulative, uh, near minus 400 base point monetary tithing over the past 18 months Will not be welcoming by post makers. Yeah Uh decisions, uh, when deciding appropriate levels of bank rates, uh MPC will have to assess Uh, which is the lesser to evils risk of inflation being higher for longer or current threat to financial stability is from rapid evolving fears of a banking crisis This is more short term. So I think they focus on short term. Uh, so they try to fix this because The risk of inflation being high for them. I don't think it concerns them I mean at some point, I think it just becomes standardized and they'll drop it. It'll drop it later That's just a mañana Okay, I've I've I've officially run out more things to say And I've a lot more gibberish to say I'll probably leave you guys here. Uh, I hope you guys know what you guys are looking for today. Again, it should be a relatively simple sort of Do the opposite. You make sure you pay attention to two times Ideally set an alarm for those times or a minute before as These are potentially where you may see reverse market reverse on you again 30 minutes or very small gap you have between the two Uh, probably decide the outcome of the market for the next couple of uh, Couple weeks coming up. So it's very important But we sort of keep that and Weird news, uh, we know inflation is a bit higher. We know that uh, you guys probably gonna raise the interest rates tomorrow morning Uh, so we're probably looking at us to the same thing. So again, I'm leaning towards pushdown Uh, okay, uh The difference between loading up btu's to your most book was sport and perpetual Uh, so firstly, I would say not to use sport or perpetual If you use a binance as a pure data point, uh, if you're again Or use your exchange like if you're not trading on binance and you want to sort of trade on book map uh use uh Just use binance as a data point And then execute trades on on another ticker Just because and they hear the thing like it's a lot cleaner data, essentially if you uh, if you Because it gets a bit messy when you start getting into a multi book because you Walls start to look a bit funny Things are not as clear cut as they would seem Uh, but essentially the difference is uh, it's just how they're made up. So spot will always just be Your your I think binance or your major major sort of volume sort of dictating things And I think for multi book spot is a lot better Uh, but for perpetuals And uh, that ain't it chief ain't it it got I think I got a little bit It got a bit better with the fall of ftx, but again by bits not too good in terms of being a good data provider uh Yeah, uh, so again, if you're going to use multiple just stick to spot data And use binance futures because as you can see these walls are really nice just learn to sort of Properly filter out your filter out censures Manual smoothing if you need to be make sure your tick size is correct because that will provide you smoothing without Necessarily having smoothing and find out what trader you are So then you can figure out what tick size you need again. I use 10 tick size because again 10 seems like the 10 seems like the best sort of option to sort of uh try and grab tick size that Because this moves out but doesn't smooth you out to the point where Everything is just one conglomerated wall So it gives you block your walls when you start entering and even if I wanted to make this block here I can just go into manual and just turn that down Again everything sort of Dial it into your preference essentially now. I can see what everything is I want to collect some walls together because I want to clear some of the noise But the main thing is this crypto you don't want to you want you want to get rid of the small fishes Because if I have this one it just looks like oh, yeah, there's a lot of bids everywhere But I just want to pay attention to the main people I spoke that you can see without having all the bids on because you can see the changes or the absorption The absorption rates happening uh The practical difference is uh This you have to look at you look at them In totally different sort of ways one will be just sort of okay Shorts the ones for shorts and liquidations Spots you look at for accumulations and sort of large sort of uh edition so You would they won't be read exactly the same you've got to understand The purposes behind each one so purposes for futures is you can't you can't collect more of an equity You can't have more of a share because you essentially just trading on futures So it's just there to be for making money but sport you can You own the underlying you start owning the underlying assets. So you start on owning the share So in sport you start looking at the accumulations and And the thing was exchange most Most large people just cross exchange. So sometimes you get those bids entered in twice So it can't uh, so for her for multiple sport can it can be helpful, but futures It's unless the providers get fixed up or they become unified where they're not just a bunch of garbage being spat out Uh, it's just too much mess and it just gives you inconsistent data points and it gives you, uh, too much to decode whilst if you look at Uh, if you look at Binance futures as a data set, it's a lot easier to decode. That's there's a lot less noise And it still gives you the same sort of, uh ability to understand sort of the market But again, you can look at Binance futures and sport and just for go looking at, uh What you call again, uh multiple entirely Uh, again, just got to understand anytime you look at sport you're just looking at, uh potential accumulation distributions Uh, because again, it's just all about accumulating shares for bitcoin versus, uh sport futures, which is just, uh, the The additional subtraction of money, which is just how much money can I make out of fools today? In a simple So you'd look at them totally separate. So you look at a down move. It's like, okay The letting it fall down is this caused by massive panic as people sell off shares And other shares being eaten up by someone else in a long term sort of distribution cycle Not accumulation cycle And same success are they letting people buy it up or is futures carrying the market upwards? So it's nice to have a look at and compare both markets and I used to do that from time to time, but again I just found that We're just trading short term. So most people are not interested in sort of long term and don't have the Uh Tensions man to sit here and listen to me essentially But market rising again, nothing out of the ordinary. We're looking for it to rise anyhow, uh, so uh say shake the And warrant Warrant people going along here. So maybe they're just clearing out the liquidity again We still have the potential to revisit this as a nice little midpoint here for us before we hit a double top Uh, but again before to uh, 1400 and 14 30 That nothing's really set in stone But you should get your telltale signs of what they're planning to do at those times here Right now they are adding new new longs trying to get rid of the shorts, which means that majority, uh My decision is probably for higher Higher sort of level of rate hikes so they can grab all this liquidity when they just move down was relatively easy because On those news announcements, you see all the major players remove the bids and just let it drop let everyone who's Who's not in the know just get that mud Okay, that's all my time for today Uh, thank you guys for so much for coming Uh, again, you can catch the replays on youtube if you want to do so Uh, again next person's on in I think half hour So you'll have him for 10 o'clock and again, you guys know how much I like that 10 o'clock instead of that 9 30 for trading Uh, so watch how uh, retailers trade it and make sure to watch out for those retail traps that we talked about about those Those breakouts see where they are see if they you get those volumes being added at those retail traps If not, they'll probably rise it until they themselves to grab those liquidities that were just higher Other than that that's pretty much all I got for today. Thank you guys so much for coming Have a lovely day I will catch you guys tomorrow Trying to get hurt too much today That's the main advice Trying to get hurt too much And again, just do the opposite 95% of the time he works 10% of the time. Peace