 Another week another roller coaster after closing February with a 14 and a half percent green candle then opening this month with a nice 3% candle we hit a wall on the road as you guys can see here, which by the way looks very Familiar now we are on a three-day skid or basically down about 10% from the highs that we hit on Wednesday. So what exactly has happened this week for such wild price action? Well, like we've been telling you guys a lot of it is due to event driven price action Not really too much to do with technicals Monday and Tuesday We were basically writing a high from Bitcoin volume spiking in Russia and Ukraine due to the sanctions the crazy part is that while the equities market was still in the red Bitcoin was in the green all by itself Uncorrelated that on Wednesday money printing Jerome Powell Of course reminded everyone that this month there will be some rate hikes and that of course dropped to the market even more So now here we are back at $40,000 and threatening to pull back possibly even deeper in today's video We're going to look at the possible support levels that we have We will also be taking a look here at the order books trying to see if there's any By walls that might prevent us from dropping too deep then of course I will share with you guys my trade setups that I am watching going into this weekend that Guys, you don't want to miss. Let's go ahead and dive into today's video All right guys so real quick a recap from the trade setups that we gave you guys on Monday's video The main trade setup that we gave you was that $42,000 breakout entry If you guys entered that you already know that that price shot up like crazy We went to a high of 45,300 if you would have rode it all the way to the top that was around a 7.8 percent Move up if you use 10x leverage like we do that would have been around a seventy eight percent profit on that trade So here's my entry of the exact trade setup that I gave you guys on Monday You can see that we did about sixty three sixty four hundred dollars We're actually able to ride this up a little bit further into the forty four thousand dollar range Take some profits on the way up there and then we trod out around this range right here So today we're gonna give you guys another trade setup going into the weekend that we will be watching that could Possibly perform similar to this one right here guys. You don't want to miss it We'll be sharing it with you in a little bit All right guys, so just taking a look at this if you just look at it You can see what kind of what's going on right ever since we basically lost this range here that $45,000 level we've basically been trading in a big range You can see that we dropped all the way to the bottom of this level We actually dropped below it, but we're able to bounce back up and retest the top of this range Not only did we test it here, but we retested it a second time and then we had the big drop this was due to the whole the fear the fud with the war and all that and Then this week we shot right back up retested this here and now guess what guys another Rejection down so there's definitely a possibility that we can continue to drop here and Retest these lower levels yet again. You can see that last time we tested $40,000 we kind of hung out there for about two days, right? We had this big red candle We had one other red candle and then we basically lost it So we're there for let's say two days minus that candle, right? So this one is the initial candle today that we've seen here I think it could hold there is a possibility that we hold here But if we are to lose $40,000 then we could basically see some sort of price price action similar to that where we retest, you know 38 to 36 $35,000 that whole range. That's an entire zone, right? So if we lose this Alaska port is basically the last support and then there's really nothing until around 38 Which is where we went to last time. So that's kind of what we're looking at this weekend You know, it's all going to probably depend on what comes out in the news What happens with the war what happens with war talks what happens with, you know, everything has been going on now Another thing to remember is that we will get the rate hikes this month Now, I don't know if those rate hikes have been priced in by now Rate hikes have been being talked about for the last two three months So I'm thinking like come on market. It should be priced in by now, right? The other thing of course is that there's still a huge war going on that could get worse if it gets worse It's gonna be bad for all markets, right? So if it were to get worse and prices are going to fall if it gets better And if it looks like they're they might be Steering towards some sort of peaceful resolution or something then prices might you know go back up But that's the thing we have no idea what's gonna happen So it's basically you're flipping a coin at this point trying to figure out what's gonna happen Trying to know which side of the trade you want to be on and for times like this I would say you just got you have to find key levels and try to play those key levels And basically that's what we will be looking into today for our trade set up So make sure that you guys watch that trade setup that we're about to talk about in a little bit now taking a look at the order books here You can see that we've had a lot of cell walls up here for a while So both times that we've been rejected while all three times we've been rejected They're not massive cell walls, but there have been some cell walls, right? So what we're looking for it now is for is there anywhere where we have a lot of Buy orders so basically a buy wall and as I'm looking through the order book There's really nothing over a hundred until right here. This price is 37,250 That's the first mini buy wall that I see there and it's a very very small wall We have more at 37,000. So if we keep going lower, we'll see some orders at 36,000 But it looks like the majority of the orders right now are sitting at $35,000. So there's really not too much There's a potential for a drop down to those levels at $35,000 level because it's just not a lot of Buy orders currently right now in the books and you can see if we look at the volume shelf here There's a huge gap here, right? So 40,000 is currently our last line of defense and we're probably going to drop back to this volume shelf right here and This level starts around 39,000, but it doesn't get really strong until around the 38,000 dollar level So that's where I'm thinking if we lose 40,000 we probably retest 38,000 That would be in a good case scenario in a bad case scenario We're probably going to test 35,000 and maybe beyond that. So you'll see here that 30 around 36 37 is where this current Fibonacci level is and then 35 would be right around here Which is where we had some support here on this drop last time now What I don't like about losing this Fibonacci level There's no guarantee that we bounce right back up like we did in this candle and like we did back here by losing This level here. We're threatening dropping and testing this level way down here, which is thirty thousand dollars So that's what I really don't like about losing this level as you guys can see it looks like you know There's not much we can do right now price just wants to go down right now There's you know, there's there's nothing that it's out of our control at this point, right? So let's go ahead and take a look at the trade setup that I want to tell you guys Hopefully we have time to use it because price is getting to that trade setup right now now before I share with you guys The trade setups that I am watching for this weekend All I ask for it is that you smash that subscribe button for me If you want to make money either trading crypto through crypto passive income or just want to stay up to date with the latest Crypto trends I upload a video almost every single day about these topics So please smash that subscribe button so that you never miss another opportunity to make money in crypto again in addition to that I answer every single DM that I get on Instagram and I also answer every single comment that I get on my YouTube channel So if you guys have any questions at all drop it in the comment All right guys So you can see here that we literally just lost $40,000 and that was actually the trade setup that I wanted to give you guys So by the time I dropped this video in about an hour or so I'm not sure exactly where the price is going to be But $40,000 is a level that I want to play because remember like I said before 40,000 is a key level last time we lost $40,000 look at the drop that we had there It was about between a seven to ten percent drop if you if you just look at this candle And if you look at this candle where there was a lot of panic because of the war and all that going on It was about a fifteen fourteen percent drop So we want to look to take advantage of this possible drop and play it Basically all the way down to this next Fibonacci level there. That's around a seven and a half percent move I'm using 10x leverage on this so that's again another seventy five percent profit on this move if we hit our targets Now if we can't use that 40k area as the opportunity to take a short trade Then the next area that you can look for is thirty eight thousand dollars if we break below thirty eight thousand Then we will probably be testing this Fibonacci level down here. We can expect to see thirty seven possibly thirty six thirty five So I'll move here from thirty eight to this Fibonacci level is around three percent if we move all the way down to thirty six That would be around a five percent move and if we were to retest thirty five That's around a seven and a half percent move So again a seven and a half percent move down if we're using 10x leverage That's a seventy five percent profit on that trade now with all that being said It doesn't mean that you should just open up a trade not set up any stop losses Not take any profit and just try to write it down to thirty five because it does it doesn't always work out that way Things change you need to be taking profits. You need to be trailing. You need to be using stop losses You need to be making sure that your position size is proper and you're not risking too much on these trades So if you guys know how to do all that perfect You're all set, but for those of you who don't who need a little bit more assistance a little bit more help If you want to know exactly what trades it is that I am taking every single day in real time Then you need to get into my mentorship trading program in this group I share every single trade that I take with my complete trading plan entry stop loss take profit all of it I teach you guys how to trade the right way how to use leverage to maximize your capital how to position size Properly using the right risk every single trade so that you never have to worry about blowing your account again in addition to that I also post crypto passive income opportunities NFT projects and much much more now There are limited spots for this because there's so many people that want to get into it But I can only work with a certain amount of people at once So if you're interested go to the link in the description below I'm telling you guys crypto is a once in a generation opportunity and the way that it is right now The easy opportunities to make money in the market. They will not last forever So please if you guys are interested sign up in the link in the description below if not I strongly recommend that you check out the next two videos that are put up on the screen because those are the videos that YouTube things you should watch next. Thank you guys so much for watching. Have a great weekend I'll see you on the next one as always peace and love