 Alright guys welcome back to another stream hopefully you guys are doing great without further ado let's get started with yesterday's preview because in terms of timing wise not really too much coming in at 8.30 from the US side most things are a bit delayed to 9.15 or 10 mainly 10 o'clock for today so let's say we can take a time and break down whatever happened yesterday. So looking back at yesterday we talked about the possibility of price going higher just purely based on these massive sort of cells that were coming through at least to grab the previous amount of short liquidity that was built on this drop and just understanding the fact that the spike did high let people get a breakout and from that breakout they grabbed that and made everyone sad by liquidating them and just consolidating them in a relatively short position so from there we're expecting at least a stop hunt at least to here 25 500 as a minimum just sort of clear out all the sort of bats or we could have had a shallower one a much lower like 2500 even but nevertheless we're expecting that sort of stop hunt before anything sort of going down sort of thing you can see here when we came back down on the second run on Asia on the bracket on the prior to Asia's sort of we had the same sort of cell profile coming in in the previous cell area and that just gave us rise to break higher and you can see not many people buying this I mean we do have a large amount of by delta which just shows that someone entered in short here in a massive sort of iceberg so I don't think too many people bought this as in buying this for buying most I think most people were entering in limit bids here and just being eaten alive in terms of overnight so oh yeah price is gonna spike high is gonna go down the overnight positioned shorts and come to their surprise in the morning slammed out on this sort of nice little move up grabbing an easy sort of liquidation on on here it's a slow climb most of the liquidation did come a bit later but it then goes back in the same sort of consolidation again just selling back down just letting those shorts come back into the market before pushing that back up now we find ourselves in a predicament where we're plus 7k on the day already and we don't even have Asia I mean we don't even have New York open and that's always an interesting place to be it's the end of the week we usually like to wind down for the end of the week and just sort of mellow out but if all hells end up breaking loose it just sort of prints that slower slower and slower picture for Wednesday that we're probably going to get a really bad interest rate announcement and looking at this climb here coming in before sort of consumer sentiment which will sort of give you a sort of touch and go touch and go sort of understanding on maybe where consensus may lie and where everyone else will likely to trade so just probably you're gonna if we're gonna go down we're gonna go down on that 10 o'clock announcement and not really anything other than that but looking at sort of where we're being led by a spy and see that yes game gaps up when it's sort of open for Asia and it's just made its way down and it's already sliding down right now and moving very aggressively down with Bitcoin not really responding in kind there you go a large sort of drop off of Canadian news looks like Canada there's not a made-up place anymore no okay but that those are terrible numbers okay make sense while they're dropping it but considering the drop down the first pin rather than on the second swing sort of will probably sort of say that they're just letting people uh trade this down might get a nice little uh revisit a bit higher before any sort of any sort of touches in terms of going back down again just that was a large gap up let people go along let people sort of see that Canadian sentiment came through we slammed this down maybe we come back break into this back into this daily level here it could definitely be a possibility it's already down what a 1 spy's already down 1% on the pre-market so it'll be very interesting to see where we are we're not going to open up because we know where we're going to open up because it'll be the same it'll be here right now so right now we're already opening at these uh these intraday stops uh where they would be placed so we're looking at that and saying that okay cool came into here we didn't really do too much which just came back down and uh which took out the stop so we're still expecting a increase of liquidity or sell on that liquidity we can add the one hour break it down from yesterday and in terms of what it did during the new york session new york session we looked at the open and was just saying okay we're looking for it to come down ultimately if it holds above here we're bullish and it pretty much cleared well above that uh and just stayed well stay as long as it stays well above that and it stayed well above that uh we were sort of bullish and you can see that in the 15 minutes you've got nice little doubles bottom just collecting shorts on that first swing and from that first swing we sort of uh created that so that was your this was like your test in terms of saying okay it just came in just stopped up very shallow this was your entry potentially if you were to take that as a long because it shows you that there was strength in terms of trapping liquidity and volume at the previous point nice little double top bottom and is exactly what we wanted to sort of satiate a bullish sort of trend and we ended up getting that and going much higher in contrasting what this did versus what uh bitcoin did yesterday getting bitcoin did end up lagging behind in terms of movement wise so anybody made that backup in asia and that's why sometimes i think it's better to just do it this there we go you can see if we look at the eight new york open from here just where spy had a basically unabated available to just go up bitcoin consolidated it just needed to get the orders in the right position for the main part that and he has a luxury of trading in the after hours whereas spy just didn't and this comes back to another thing like i said these like to move together and when they're not really moving together one will snap so this was moving out of sync this was potentially going in a downwards consolidation and this was just going up so it just ends up snapping from that pre-market so it's a nice little easy double confirmation for you if you wanted to stay in that long overnight finally coming down and spawning in kind with bitcoin just off that announcement that we from the canadian announcement gained further slide well to process itself but again just further slide down because it's just slipping in freefall for the most part again doesn't like there's too much movement out bitcoin realistically should have been all the way down here to be sort of comparable to whatever yes is doing looking at where the bids have been placed in that is where the bids are again this way would be comparable but it's just really undoing everything it did just very very easily moving down without any resistance coming out in the way any way shape or form as you can see the plus that we added into here was sort of greater than what we're sort of taking away so there's some sort of inefficiencies I think this cements sort of today in terms of where consumers probably come into the sentiment hopefully michigan comes in and it gives you that sort of same announcement where you come in and say that okay consumers are not very too happy about what's happening it's just like everyone's sort of scared and it just sort of pushes the market further down good morning good morning but essentially it's you're looking at this it's already moving down it's moving down too early to sort of call it as it's going to just continue going down like this for infinity maybe look for a read test or short for a double top back at this area here just coming in when we get that I think prior to consumer confidence and on consumer sort of confidence report get that confirmation of a slam down and just continue back down into that sort of hell hole that we want to create for ourselves is there any point where it would be bullish we'll check that now I mean it's just still falling down finding its way downtown making rounds again this is where you'd expect sort of first resistance this area here in terms of just coming back at the highs because you probably have a lot of sort of volume at this area so expect things to try to slow down a bit here in terms of revisits again it's it's got a long way to climb out for it but it might just come back and just call it a yeah this is nice only down it's only up I'm feeling sick today I don't know I might have been sick like for the last three weeks like I stopped feeling like week one I stopped feeling sick now it's just like a sore throat and like blocked nose I'm like okay I thought it was like dust in my room so I got like a proper HVAC system and then just like filtered out all the dust in my room and it's just like nope still still sick still blocked still falling down so let's go into Bitcoin to see what we're it's finding itself it's holding brave it's holding brave again the fortune favors the brave if I could say I would swear but bookmark does well people don't appreciate me swearing because they're here to just watch that Southpawke episode it's so funny but Damon told me fortune favors a brain I lost all my money you have one ear blocked ah that must be asinine like I can't I don't like I don't like having one thing a one nose oh god damn did one half of you one half your body just said it's not waking up today it's shutting down already getting a small sort of buyback which is interesting that we're already getting buyback and things just make sense though we try buy we try stall this sort of fall as much as we can because we're still waiting on consumer sentiment and remember canadia is not is not a real place I mean sure we had really bad numbers from this made up place and it did cause the market to go down but doesn't really affect the market it's a nice little trap here I mean you've got volume here we know this volume concentrate that these areas here we know they're mostly by volume as well which is interesting so it it's now becomes future resistance if we fall below here this becomes future resistance and it's something that we would look to because again it's an oddity where where why would why would this sort of play out again it's not really a flag but most people would say oh yeah by the breakout this is the breakout that works but they don't they didn't really get into positions and until sort of up here and that was just mostly slamming into people's shorts for the most part then it's just liquid liquid liquidations carrying it up hey we all time hi yeah all time hi man never seen bitcoin at 26k ever in my life I wonder how long this is the last uh in terms of sort of longer term resistance we talked about this sort of longer term resistance here uh if we're going to come to revisit me we do have a couple of zones I mean the lowest bound being 20 uh 29 to 50 let's just say uh just come into that that will be like sort of our maximum sort of hopium drive once we sort of hit that we sort of pass the meniscus of 30k we get that hopium then we come back down that would be the ultimate sort of euphoria for me uh but again your definition of euphoria may vary so you're looking at the larger week to week ones I mean we're already past that I mean that just daily daily becomes that 50% if we look at to from day to day from 30k we're sort of looking at 50% here already non issues right now so again it makes sense that it depends that 50% you can see that coming between basically 27500 or 20 just shy of it but it makes sense because we do have that volume area much lower so these are our pivots that we look for so the fact that we're pinning here makes sense as long as we come back down and start retesting on the other side and go flip back to book map we can see that's where we have our lungs and we want to be on the underside of these lungs to be bullet a bearish rather for the market to try and say okay these are now retail lungs that have been trapped and maybe we'll get the repeat of what happened on the right Thursday Monday whenever it happened that's Tuesday so maybe we'll get repeat of this again it would be sort of we did again you're looking at any sort of retests back into these areas as points try and pull it down points try and pull it down still trying to look for a position where we would try and be bullish out it's kind of hard to look for it here I mean they even graces there's not really too much because this bit here guaranteed they don't let it get hit too hard before they just sort of drop it I mean it's probably the same guys just monitoring this just monitoring the style goes he's just hovering around price but not really touching it so it just looks like it just looks like it's when it comes to that they'll just flip to the other side create pressure for the most part and try pull it down a bit further I don't think we sort of nailing the coffin just yet but we should start showing we should retrace again retracements are a healthy thing and I'm sick of people pretending they're not again this right here if we're getting that retracement we need Bitcoin to try catch up again when Bitcoin and ES are not moving together when Bitcoin is by not moving together you do get you do get one moving more aggressively at later period of time as it just snaps back and try tries to meet it meets it at parity like it did during Asia to cover that New York move that the broader market did so generally could be basically we're on eggshells at the moment we need some now the Republic supports dovish no you know dovish go away a week and a weekend with no more US bank failures I mean I mean if one keeps failing at a thing there's more gonna more it's more so come in buying back up to this area here seeing that come in just sort of holding itself we now want to see it start dropping back down and trying to reject this area here and trying to push back down off this area here to continue back down and meet ES at sort of where it's where it's currently at so then when ES tries to reach for reaches or tries to reach for a retest at sort of these areas here it will sort of Bitcoin won't overshoot a high and start just creating mass sort of panic buys and it just will be a lot more controlled and I just like control in a lot of things it's still sliding I mean it's it should sort of mellow out here we do have an entire sort of hour till 10 o'clock so we got what 30 minutes to do this 30 minutes to pull it up then maybe slam back down and continue into that sort of downwards push go by spy again it's already so it's pushing itself down it's already sort of in that in that zone where it's going to get a lot of liquidations a lot of people mostly put stops here we're just going to get a lot of people trade back down probably into here we'll see if it holds this again in terms of retest wise we the Asia open here we gap down obviously maybe we retest all the way back here again does look like a really large retest so I would be happy for us a much shallower one at the sort of lower points but it just all depends on where your volume starts at piling in we start paying attention to all kinds and let's see if they're doing the same thing where they were at the highs yesterday and the other day before when we looked at them they were at a point where they were they had a possibility to slam down and slam down or push down a bit again we're looking at this area here it came back down just shallow stop hunt push back up now it finds itself at a high at these highs where it could easy reverse so that's at this at a sort of resistance area where it's already taken two levels of highs it's stopped itself short third and now it's sort of coming back down but we're collecting these volumes here so we want to see this probably break this down it was break this line was conviction and continue maybe all the way to 17 I mean 12 7 in same thing for AVACS same thing with AVACS it's coming itself to meet yourself on this sort of daily resistance here it's found itself into this sort of buffer zone that we had and created for it when it comes into here we're looking for it to have resistance it did again more of the more of the same sort of thing yesterday where it just came in took a bunch of stops and push back up again now everything's at a high everything's at a premium everything's sort of over overbought essentially if you're using retail terms we want to we want to see it come back down essentially we want to see it get hit it was a righteous hand was that might as touch same thing with dot again it's a lot higher than the others but generally it's the same where you're pushed up high we're just pushing it we're pushing it we're just buying a bunch of liquidity this liquidity is just from these caused by liquidations as well as people just buying it up and then we just easy sort of crash this back down without worrying because this has a lot of liquidation stock out into it and that's the main thing when you're looking at Bitcoin a bunch of longs coming in in that pre-market it's just an insane amount so it doesn't really make sense to try and hold this up or for too high without at least trying to revisit a low to try and take out some of the liquidity that we built here and the most of it got built up into this area here this move here was a very cost effective inexpensive move so as long as we sort of undercut these guys here take these guys out the market then it sort of fix itself for us and we don't really need to push that deep to hit that it's only about 25 600 and we usually sort of liquidate most of or stop out most of these sort of buys that were done on the intro day if we need to push in lower we'll push on lower but generally the way we pushed it up is very sort of supportive of sort of holding a new higher territory where we could just easy come in and say this is our reference point for longer term bullishness if we're holding above 25k we're sort of above that half point and we're now into that second half between 25 to 30k and training into that sort of larger half we'll sort of signify that okay we've sort of cleared out that any sort of dangers of falling below that as long as we're training pretty pretty substantially above it so there would be less likely chance for falling back down to 20k the more we sort of support ourselves around 25k and once we sort of the only sort of trouble in terms of breaking 30k will come in if we can't hold above 27 500 because if we look at that here 27 500 comes in here there here comes in here this is a hole see if we sort of out our major holes what is there we go there we go there's a major hole this is the major port that and once we sort of in that major quarter start shifting to that this becomes our sort of area where we start making decisions and once we sort of pin to that 30k we're still sort of we sort of run the risk of falling back down until we sort of clear 30 30 to 500 we're still gonna still gonna have a chance of coming back down and still being sucked in 30 and 20k but generally being in the second half being in the second half is pretty nice for us as long as we stay above sort of the half point here where we're just we're fine just fine looking back at bitcoin on book map you can see that it is binding up here it's just climbing to that resistance holding itself sort of decently strong into that bearish side but it's what we like look at that sort of build I think top trader still rushing towards it and again is still just showing that people are willing to trade into this for some reason it's just people are sort of scared so as that consumer sort of sentiment is just okay they rather be safe and gold and trading sort of equities at this point in time especially off the back end of that I think of that what happened in Canada they just spiked it it's like oh no it's scary it's just probably due to fact a lot of people went short they spiked spiked it up as people sort of sold that and now they're meeting themselves on this sort of higher point here again it's like an insane climb just waiting for it to mellow out before training it back down once we get that nice little flow and I think most of it is just going to be on the back end of that interest rate announcement that we have next week a consumer sentiment will help us in terms of sort of taper expectations for that but looking at where figures are already I think it's already going to be a sort of low point as they're pricing in sort of pricing in probably sort of a really low rate hike we're among sort of a high consumer sentiment so as long as we fall below fall below previous it wouldn't be too hard to fall below this because with these banks collapses a doubt consumers are still willing to be be so bullish and just show us that throughout in gold it's like everyone's just coming into gold and just saying okay let's just go back into this safer haven and just be risk off on equities and um same thing just double top here trading up in their resistance just holding out into that you want to see that coming it looks like pretty big resistance here even if it trades internally generally you'll probably look for this come back down at least try and meet that monthly level here and it was a lot higher than the other previous ones but it still did the same thing where it just took out some stops gave you a double bottom then just continue back up look at Solano so again probably going to do yeah it's exactly the same thing did the same thing yesterday where everything was just taking out stops they continue up higher so it took out stops here retested they double bottom pulled up now everything's at a high everything's at resistance we want it to come back down simple as that so look at sort of the theorem as well I mean the theorem is above that monthly level and it found itself here I mean took out those stops again gave you a double bottom retested that monthly like we wanted it to and continued back up high and finally broke free broke free here again now it's just at a resistance so it's at a sort of double top and again on a collection of these sort of really big sort of longs here so backed by big longs just it just means it's a lot weaker than it needs to be to be here so it's on glass of stilts and we'd expect it to sort of try and retrace back down on the charts that comes back to where that daily imbalance is here we saw those bids here we know that most of the longs are concentrated in here and here so just taking those out will sort of mean a lot for it mean a lot to me because I would just say okay taking these out they're being sort of thorough they're not letting too many people being long even if we drop slightly back down to these tops here it just means they're just filling and just making things nice and even before they continue back up high and they're sort of strengthening their push so that means it will probably likely to reach higher before that rate announcement okay we're getting a few shorts coming in here again less than ideal with all like shorts coming in at these highs here what that means they'll probably can easily spike it a bit higher just to grab a few a few more liquidations if they're being greedy but that means there's not too much but at the same time every little sort of liquidation can easily drive it up a bit higher it just might be the bit of needs to grab this but we'll see if they hit 27k I know I mean it's the whole numbers a lot of people will be sort of strong in their conviction either way in entering positions in there whether it be longer short but as long as it's sort of showing the same things where it gives you a nice double top I mean if this does this at 10 o'clock where it's just because you've said it was in slams like down that's fine it's more of a time effect than anything else than being where the market is because they're just saying okay you know what time's up we know we've got everyone that we needed to we're going back down and this guy just can't make up his mind he just moves it to and fro so again most likely gonna fall fall fall when it comes to the fact uh comes to this so there isn't really any concern about this holding too too heavily uh you know we can look at this uh sort of another nice thing where this person here split this just put a bunch of bits because he was either unsure just like he wanted to be a thorough in terms of where it finally stopped but when he thought when he removed the bids here it's like okay you know what concentrated back here he got eaten up he removes bids price had a free rein to go up he came back down he didn't come back so it's like okay there's no real need to come look at this area here because this person is not interested so we shouldn't be interested in that area and you see that uh thickening when they remove this wall they thickened on the other side so they're just selling to the other side here so you can see how that just magnates itself up back there this nice little thing like i said yesterday to watch that sort of watch those bids nice to see sort of real time uh how they sort of make decisions uh because usually if they make decisions like that they'll do it consistently because it's just if they have a style and way of trading they'll trade the same way so you can just start recognizing patterns even when they start changing patterns because not with slight variations and you can start growing with them and just learning your market first oh god damn that's funny funny and uh on Thursday following people like i said Friday it means concern of asset deductions had failed to prop up regional bank support shit show uh so that see i like that advice because that's good advice you shouldn't be trading on your phone like if you don't have anything else to trade on fair enough but if you have a computer to trade on just use that like you're more emotional in your phone than you are uh than you are at you know something that you are less attached to because imagine i think was most people that they use their phones 24 seven they they're always on it so that you have that emotional attachment that you're probably very hard to sort of get rid of so you're more more likely to make bad decisions on your phone than you are uh when you're sitting in a sort of environment where it's controlled and you have everything sort of and it's all you can detect yourself from your emotions hard to do that on your phones because you're so emotionally attached to it and the stuff that happens on it it's it's hard to not see it as personal i think so again it's good advice uh goodbye now there's just we wait it's just the waiting game here is everything is just waiting for that it's waiting for michigan without that news report another what another sort of 45 minutes essentially we're waiting but i've given out my thoughts and i had a decent inclination of what you have this been creating these nice little doubles i mean they could flip bullish but as long as sort of doing this we're happy uh everybody could just come into here stand right down or just sort of stall out here come back into here call it a quits and just push back down and from there give you a nice little double bottom push back into sort of fire i think considering it's a Friday and considering all these sort of unsure unsure factors surrounding surrounding the market i think a lot of people are just gonna just call it call it a week and just sort of start sort of uh closing positions the most part of trillions up oh god damn yeah again just nothing popping up just waiting feelings finally coming back down so what we want before initial sort of comeback down again if we start meeting each other's like this push it back down and and sort of slowly making our way downtown again that's sort of an ideal sort of scenario where we're just pushing back down then we reach to a point then we can sort of come back and well another seven minutes till sort of 9 15 we've got another set of set of announcements happening then uh the bar chart's got any sort of interesting news oh fragile sentiment ah perfect nvidia did good i mean we already knew that nvidia is gonna do good so what am i looking at nvidia i don't see i'm inside this high i mean bouncing that weekly level here come back in is it sad these areas here where it's just like a bit dicey pushed up here it's gonna drop on that open so it's a nice nice liquidity grab a nice little scam pump a nice little scam pump from nvidia i always love always love the good old-fashioned scam pumps filling out this area i mean you just filled out this area here it's probably gonna find its way back down generally that's where i was sort of tending for it it's just like okay not really a buy here there's a more it's a general advice is buy but generally like in terms of if you want to risk it buying it this high i'd have said no i mean everyone's saying buy i mean everyone was kind of right here everything buy here so most people would have bought on this breakout here so you'd expected to sell off here and that's the thing a lot of people will bullish of these sort of high consolidation levels so probably you can see that these shorts stacked up here so they got punished so now we're sort of waiting for them to expire then instantly sort of drop down here after the fact which is very nice now i'm just waiting for bitcoin again just to make a decision it's collecting volume up here which is the ideal scenario for us where we're collecting longs here in and around this area once they sort of get that volume that we're looking for we can finally sort of make that pushback down maybe just 25k again that's feel like a very steep drop so moved what 1600 up but if we're sort of holding this we're bullish generally speaking just because it just showed conviction that we broke high but we're sort of holding into this area here so we're more likely to be stronger in terms of sort of midterm well until we get that industry announcement okay we need to sort of try fall and try sort of hold these lows and target these lows before that rate announcement because that just shows that we're just taking out shorts and accumulating shorts so we'll probably get good rate announcements rather than bad announcements but targeting highs just shows that next week's probably going to be really bad for us still collecting volume still waiting for it to make up its mind but generally you guys know one thinking for today anyway so we did just once more once more we achieve this high most of liquidity being in this sort of area here so we're looking for that to undercut this liquidity not much sort of in the way here so once we sort of at least try with it here sort of support one uh support tubing all the way back here that's sort of our major sort of point now here because that's side where we have additional longs as long as we're looking to hold this for a sort of a big longer term picture this we can start flipping bullish to try and say we'll look for higher levels so again it makes sense 25k is a nice little nice little number for us we want to see it pushed back down and on every push down when we start seeing shorts accumulate we might expect it to come back up and try clear out those shorts but we're looking for lower highs essentially for the most part uh once we get higher highs it starts falling in the territory where you're catching a falling knife but or catching a potential scam pump but you never know when it's gonna subside again you're using sort of time as you're sort of a very sort of nice little friend at 10 o'clock you're coming in and just saying okay if it has pinned to the high or just let me back down anyhow uh ES needs to sort of revisit and retest highs if it's trying to go lower we already know that but even if you drop ahead of time as long as we're sort of up and pushing back down into that new york group uh 50 still sort of in good standing so relative standing in terms of there's your new york range currently there's where we're pinning to sort of 50 if you sort of expand this further down and move this sort of move this down this when you move it down with it as long as sort of coming back down and sort of adhering to that just rejecting that as an argument we could see that continue back down try it in the day again there's a lot of jitters coming in from sort of uh from uh all the traders in general just so we'll see if they try and buy it up uh no doubt they try to buy this up or if i think they are already trying to buy this up so they're trying to buy it up so we'll see if it falls here falls here again back to this daily it goes and bitcoin goes back down hopefully if bitcoin tries to stall you'll probably just do it over in the weekends because again he's got that two extra days uh to do whatever he wants sell any sort of uh guidance or hand holding but other than that that's pretty much all i got hopefully you guys enjoyed the stream uh like subscribe all that jazz uh trade safe guys enjoy the rest of your day and i'll catch you guys on the monday peace