 What is going on ladies and gentlemen? Welcome to another let's talk crypto episode 34 Let me turn on the cam here. How you guys doing hope everybody has been doing well Today, we're gonna be covering a lot of different things. That's been a lot that's happened over the last week So we're gonna be jumping into Everything that happened over the last week news wise then we're also going to be I'm sorry Let me turn down the music here. There we go Then we're also going to be talking about the the Bitcoin spot ETF. We're gonna talk about the Ethereum spot ETF that just happened and We're gonna talk about the CPI data that happened today that that data was released today and We're going to do of course a Bitcoin analysis price analysis kind of see where things are as far as price goes We're gonna we you know today well the last two days Bitcoin's price has been dropping. We're down about one and a half percent today I think yesterday we had a similar. It was about a one and a half drop as well yesterday So we're we're a bit down We're about we're down about two thousand dollars from our year high that we just set a Few days ago really last week on Thursday. We set a new high hitting thirty eight thousand dollars So we're gonna take a look at that There's a few things that concern me a little bit in The short term not in the long term, of course long term. We're about to Skyrocket But there's a few things that I'm that I'm watching right now That you know there needs to be that I think that that's going to bring that pullback at least to like 35,000 dollars So we're gonna take a look at that And we're gonna do a Q&A. So if you guys have any questions about anything that we cover in today's video or Just any questions in general of crypto let us know in the comment section and I'll cover that at the end of this Livestream so without further ado, let's go ahead and jump right into it So let's start off here with just an overlook of where the market is where prices are Just to get an idea of where everything is right now As you guys can see here Bitcoin's price is currently at just under thirty six thousand dollars sitting at thirty five thousand nine thirty three So we've kind of been we actually went a little bit lower than that the the low of the days sits at about thirty five thousand seven oh seven So we had a little flash crash and What usually what happens when when it price drops really really fast like that and then goes back up is because there is A lot of liquidity down there. There are people, you know, that had leveraged positions that probably got liquidated or Short traders got stopped out. So all those traders when when they close out their positions price drops Really fast and then eventually, you know buyers come back in and move price back up So that's pretty much what happened what we saw today earlier today and currently price continues to push down So we're gonna talk a little bit more about this in depth, but let's take a look at the rest of the market Just to see where we're what's been going on over the last week or so over the last week, it's it's actually been the out coins that have been outperforming But more or less catching up to Bitcoin and what we'll talk about the money flow cycle as well in in a few But first of all we can see that over the last week Bitcoin is still up even though We've been down the last two days bitcoins is still up about 2% over the last week if they're on has of course outperformed it It's at about six and a half percent currently sitting at 2008 dollars And then we have some some of the big dogs here. We have Solana. That's continued its rise Sitting at fifty four dollars currently it went up as high as about 62 63 was up it was up in the 60s Earlier earlier I think over the weekend or earlier last week. So a few days ago was up in the 60s We have Polygon up 22% so if finally woke up it actually hit the 90s As far as it almost to a dollar. So that was a nice move there in polygon Our chain link has continued It was up as high as I believe around 15 16 dollars Currently down to 14 dollars. So everything's pretty much been dropping today over the last year So we have polka dot up six percent in the last week avalanche has been the main The main mover here in the top 25 up over 32 percent It was that was closer to 40 earlier on but it's up over still up over 32 percent in the last week It got pretty close to that $20 mark So that was one of my favorite buys over when it was it was it was literally under $10 like a few like a few weeks ago Probably if we look at avalanche, let's see. Let's take a look really quick. We can see just let's see in The beginning of October It went as low on October 19th So less than a month ago avalanche was trading at $8 guys those under $9 if you bought at $9 here You would have literally doubled your money in a span of two weeks pretty much, right? You could have doubled your money in a span of two weeks. I mean there was plenty of opportunity to buy it down here I love avalanche. So so I definitely I didn't I didn't buy a bunch, but I added to my positions Anything under $10. I was just adding like a madman So let's let's look at the top gainers and top losers over the last week. We have Let me go to the top 100. Okay. We have Celestia. I Am not familiar with it, but it's up over a hundred and sixty percent over the last seven days We have a Thor chain room, of course up 50 percent over the last seven days We have dydx up over 43 percent. We have immutable up over 35 percent and I love the um, I'm not sure I am not familiar with this one either up over 35 avalanche Of course, he spoke about it up over 34 percent and Caspa. It's another one of our favorites It's up over 33 percent Salana right behind it with polygon as well the biggest losers So we've had a couple losers here. We have trust wallet down 32 percent We have injective down nine percent the graph down eight percent Neil down eight and a half AF down seven and a half Tunk coin down seven percent. So that that's pretty much our top for the last week And then of course the main thing that happened today Let me pull it up really quick The US inflation so if we look at the the economic calendar today was of course We had the release of the CPI data and As you guys can see US inflation fell to three point two percent So that was lower than expectations if we look back here You can see for eleven fourteen, which is today Consensus was at three point three percent and it came in at three point two percent So that's been bullish for the market overall today I know we don't see it currently in Bitcoin, but for the market overall, it's actually been bullish We've had Basically, everything is up if we go over here and switch over to our futures We can see in the stock market pretty much everything is in the green The the main things that people follow here are of course the S&P 500. That's up two percent today And we have of course the Nasdaq up Over two percent as well and we have the E-mini E I'm sorry the E-mini Russell up about five percent on the day So a lot of big movements and that's basically been due to this report to this data The CPI report here that came in unfortunately Bitcoin and crypto in general has been decoupled from the The Stock market for for a bit now, so it's not currently moving with the stock market as of this moment Because of course if if you look at you know at this chart, which is this is a S&P 500 And you compare that to Bitcoin's chart. They're gonna look very different since S&P 500 has been just pretty much trending down since Since about July and of course as we can see here in July even though we did trend down a bit We picked up we bottomed out around September and basically has to have been on a Rampage ever since right and if you look at the S&P it has continued down until just recently this month basically when it started moving back up, so We're decoupled right now from the stock market overall So that's why you can see that the S&P right now is up 2% while Bitcoin's down 2% today Based on that CPI data. So now with the new CPI data the next thing that we want to kind of look at is you know the interest rate probabilities, so there's a Another meeting next month on the 13th of December and pretty much the market is already saying okay 100% chance of a pause But if we look further down the road, I believe in May. This is their earliest. We've ever seen this May is now What the market is anticipating here for a rate cut? So before when we were looking at this I probably looked at it last week and we were looking Into like June July September when the market was Starting to to say that there was gonna be cuts now We can see that as early as May This is the earliest that we've seen these as far as the probability for a rate cut now This lines up basically with the Bitcoin halving right so if we put Bitcoin halving countdown and we pull that up that is gonna happen on the 30th of April that's the estimated time We don't know for sure yet. This could change because depending on on the rewards on the blocks This is based on blocks not on time right so based on the blocks It kind of gives a an estimate of when it when that's gonna be so right now it's estimated for the 30th of April and that's going to basically coincide with a Potential rate cut so that would be massive guys. That's massive for all investments really especially High risk, you know what's called what's considered risk riskier assets, which is the bucket that Bitcoin and cryptocurrencies falls under right so That would be massive and that that's just gonna add on to the fuel of fire because I by then I'm expecting Bitcoin to be rolling. I mean we're already rolling, right? So by then we could be pushing. I think probably maybe 50k and beyond at that point So very excited for that now Let's go over some news guys before before the news Let me take a look at say hello to a few of the people that are in the stream right now So if you guys are currently in the stream make sure to drop a hello hi or a question in the chat Let me say hello to Yanis. Appreciate you. You jumping in He said that you helped me a lot with your previous week video. Thank you so much. I appreciate it man I I'm glad that I was able to help Vishu Babu How long you do your next live? Well, we're doing it every week right now Vishu How long it's gonna be we're usually live for about an hour And we have a ducky Dave in here. He has a question. I'll save that for the Q&A Span of this live stream. So I'll come back to you ducky Dave. No worries So let's go ahead and let's take a look at the news of the last week since we last spoke Right, so let me jump back to the monitor here. Let me take a sip of water really quickly as we Look at the first piece of news here. This is from about five days ago Michael sailors a micro strategy Bitcoin sits at one billion dollars in profit guys that is Insane right a billion dollars in profit. Of course they hold They've bought a lot of Bitcoin during this bear market so in October Micro strategy acquired an additional hundred and fifty five Bitcoin for five point three million now the firm holds 158 thousand four hundred total Bitcoin That is Insane if you ask me So if you guys invest in the stock market Did I mean, you know apart from Bitcoin, right? If you guys are investing in the stock market Micro strategy could be a company that that uh that you could potentially Invest in if you want, you know, I mean, I already have a lot of Exposure to cryptocurrency basically the majority of my portfolio is in crypto, especially with with the bear market I've thrown everything into crypto but If you don't have a lot of exposure and you want exposure maybe through the stock market instead of just through Bitcoin itself Wouldn't be a bad idea to maybe buy some micro strategy here I want to check out this Calculator here so that this is the sailor tracker. This is interesting. I never I've never looked at this So we're looking at this for the first time together here. So it looks like This is cool. So it tracks everything When I'm guessing when they bought the average purchase price the amount of Bitcoin the cost the current value and the P&L So that's pretty cool So what they bought their last buy was at 34,495 Whoops, I didn't mean to change whatever this was here So currently it looks like all time they're up. Oh, I actually dropped back under a billion But they're up about 19 point 65 percent All time just under a billion dollars in profit that is wild to even think about guys They have their portfolio their Bitcoin holding is worth 5.66 billion dollars That's crazy Their dollar cost average is at twenty nine thousand eight hundred and seventy four dollars and they hold a hundred and fifty eight thousand four hundred Bitcoin all insane numbers guys So that shows you the power of dollar cost averaging especially during a down market Which is exactly what they did now, of course You're not gonna be able to get anywhere near these numbers But you can definitely get a good amount of your investment in by dollar cost averaging especially during down markets And just make you know crazy profits Sometimes some of them could be life-changing. So this is this is awesome to see here So let's continue though An other news black rock confident SEC will approve spot Bitcoin ETF by January So that's kind of their what they're thinking they're thinking that This is gonna be done up by January Now we had a look we had a run last week In part because some people thought that there was an open window where where the spot Bitcoin ETF could potentially get approved By the 17th of this month so in the next three days is basically that window Now there still hasn't been any word on this but it looks like black rock is thinking that by January Obviously, there's no way to know specifically when we might get that approval But the only thing that I can say guys that will that approval is coming It's inevitable and it's only a matter of time. So how can you best play this? Now the worst thing you could probably try to do is try to guess the timing because guess what? You're not gonna guess the timing. I can't guess the timing. None of us can guess the timing unless we have of course inside information Now if any of you have some in inside info, please send me a DM with that because I would love to have that as well So how can everyone else? Get With that Bitcoin ETF, how can how can you play it? Guys, you just have to kind of position yourself During this time before The ETF is officially approved So because eventually when it does get approved Bitcoin's price is going to run up, right? We saw it if we look back here at a Bitcoin's price. Let me pull it up real quick. Oh Wow, we have we just had a massive move to the downside guys Let me pull this up really quick While we've been talking here Bitcoin just had a massive move down. Hold on guys This is this might be a good spot to to load up here. Hold on Give me a sec guys I had to put out a signal really quick here I'm trying to open a trade here really fast, but Bitcoin's currently at $35,000 guys It just dropped $1,000 in a matter of moments. So just give me a few here While I set up some orders. I'm definitely adding to my positions here. So I just opened a I Just opened basically a position at $35,000 for Bitcoin and at 19 Where was it 1950? It looks like for for Ethereum, so I'm opening a long position here and It's gonna be a small position. I don't want to I'm not gonna open up I don't want too much risk. You can see that we just went as low as let's see 34 469 Was where we just went Um Hold on a second I have to fix the signal that I sent out in my group really quick 35 Yes, I Just to give you guys an idea. I'm setting up my take profits and I'm gonna send them make sure I have them right. Okay. So I'm setting up my take profits The way I'm setting up my take profits for this trade is At every 250 dollars. I'm taking a little bit of profit here. So I opened my trade up at 35,000 I'm taking my first take profit at 35,250 dollars. I'm taking my next one at 35 5500 and my next one at 35 750 now Roll of thumb is take 25% of your position at each of those at each of those areas And I'm setting by the by the way, I'm setting my stop loss up at about Let me see so usually what I like to do is look at these these recent lows here and obviously the daily low We just kind of flushed below this this number right here. So It looks like this is the safest spot for a stop loss right now So let me just kind of point that out and I know we were doing the news guys But when things like this happen, you got to just kind of Yeah, you got to kind of go with it, right, you know an opportunity presented itself So we're doing we're doing a trade live here right now So we're currently waiting on that first take profit to hit for us Where it's at 35 to 50 is that first number? So we're almost there and we're setting our stop loss right about here, which is right under 34 400. So Now that we're thinking about it if we're gonna set our stop loss this low Usually you want at least a one-to-one risk to reward. So a 250 it would be more around 750 for your stop loss So you can set yours there now. I am setting mines lower. We you can see our first take profit just hit here Let me just send out this signal All right. Sorry about that guys So we just took some profits there now if we hit 500 we're gonna take some more profits here So if we if we hit 35,500 we're taking profit again And then the last that last point is gonna be a 35 750 So we take 25 percent at each point, right? The idea is we're gonna take 25 25 25 It's gonna leave us with 25 percent. So what do we do with that last 25 percent? You have several options one you can You can put a trail stop on it That the end to you can set up your you can set up a stop loss at the previous take profit So at 35 500 for example and just move it up as price moves up with it So that's that's the rule of thumb. That's usually the easiest way to set it up And what that last 25 percent of your position is that's called a runner So the reason you want to kind of always have a runner is because if price continues to run up You want to at least at least have a little bit of skin in the game and and have that Right up, right? You want to be able to take that right up For Bitcoin with Bitcoin there. So that's usually why we do that And and not just with Bitcoin, but with anything really you want to be able to have a Little bit of at least a small position still in it So when it rides up you just kind of trail it with a with a trail stop you usually to manage trades I like to look at the 30 minute the hour. I like to start at the hour. I look at the hour. I look at the 15 minute right these are the two that I look at and To manage my trade so right now in the 15 minute we can see that we're in oversold territory Right and we're setting up the pattern that the the candlestick is a is a bullish pin bar So this means that there are a lot of buyers down here in this area They say they're soaking up all the sell orders and it's pushing prices back up So and you can see whenever we go this far if we check back Right and now it's been a while since Bitcoin's price has dropped this much, right? But we can see right here last time we were oversold was in this area right here And what happened after that Bitcoin's price went up last time over here We're oversold this area right here Bitcoin's price went up now It's not always gonna go up right away. It's sometimes it could take some time But just to kind of get an idea it gives me an idea of where the price is at the moment based on Some of these short-term signals, right? So it's telling me it's oversold so we're due for for a price to move back up at least a little bit Even if we get some continuation after that so you can see right here. We have also that a bullish pin bar So that's usually another another bullish Signal there so those are two different bullish signals there that I'm seeing Also, we're at $35,000 $35,000 is of course a big support area for Bitcoin as you can see we kind of zoom out here Let's look at the daily if we zoom out look at where I have my my Well, this line is I just put this line there. This is below the recent lows, right? But if we look at if we remove this Where do we have where has bitcoins price just kind of consolidated and you can see it's at that $35,000 range. So all that tells me that this is a good support to potentially build up a position at and looking at Ethereum you can see theorem went to this area right here 1935 area went actually as low as 1917 I'm upset. I didn't get I wasn't able to buy it at 1917 because I wasn't I wasn't looking at the chart and we're all the way back to 1960s, right, but You can see that it went to that support and we kind of Zoom out a bit. We can see that that's always been a big area for Ethereum So that's a big buying opportunity there in my opinion because it was a big Resistance before and now I expect it to be a good a big support here So anything down here is a good buying opportunity for Ethereum in my opinion, but this is so so Looking back at Bitcoin you can see that we just had this drop on the smaller Scales on the 15 minute we can see things are oversold here, right? We have a bullish pin bar. So I'm happy building a position here at 35,000 right now If we zoom let's go into the five minute five minutes pretty much showing the same exact things here Oversold we're in We have a bullish pin bar yet again there. I Generally don't go into anything beyond that. I think anything beyond that is is too much noise Like when you go into like one minute three minutes So five minutes is the furthest I zoom into it and That's and I only do that when I'm in a trade and I'm managing a trade I don't really go into five minutes to Look for trades, right? I just do that to manage a trade when I'm already in one which we are I entered my position at 35,000 for those of you that were here when the price it just dropped here So on the 15 minute everything pretty much looks the same how we just broke it down on the 30 We can we're seeing something similar. We have that Potential bullish pin bar there Let's see if that holds up there. And of course, we already spoke about why the $35,000 area why we consider it a big Support area there. So a Big move here in Bitcoin. You can see 35,000 is holding up here. I would love it for it to hold up If you haven't entered a trade and you want to enter a trade as close to 35,000 as possible and then I would say Because I had I set up kind of a Wide stop, but I already took partial profits on my position at 250 So I would say that if you're taking on a trade now and you haven't hit profit Set send towards since if you decide to take it your first profit at 250 like me 35,000 250 like me set a stop loss at 34,750 so you at least have a one-to-one risk to reward there And you should be fine. So that's kind of how how I set I set set up this trade here when we bounce back up So I just sent that signal out to to my group. So if you guys were watching here live You guys should have been able to catch that as well That was a big big position there a big. I'm sorry a big big move there in Bitcoin So my next target right now is $35,500 so I'm just kind of I already have my order set and I'm just pretty much waiting on that right now Should we continue should we continue with the news or and the crazy part is One of the things I wanted to talk about in today's live stream is that the bearish divergence So if we zoom out back here to the daily I already kind of had it drawn out and this was one of the main things that I wanted to Kind of discuss as you can see I have my my markings here with the price going up And then I had here on the RSI momentum dropping, right? So what exactly does that mean for Bitcoin that that's called a bearish divergence So usually when I bearish divergence forms That means that the RSI you can see RSI as a momentum indicator when the RSI and And the price are going in opposite directions That's a divergence, right? There could be bullish divergence. There could be bearish divergence This one's bearish because price is going up and as price has continued to go up and set up higher highs We can see the RSI The momentum indicator has been dropping. So moment if momentum is dropping But price is going up like it doesn't it doesn't make sense, right? So usually when there's something like this happening when you see momentum dropping, but price continuing to move up It's a signal for a top or reversal in the short term We're looking at it. We're looking at it on the on the daily time frame So that's on the short term. So where could that drop? How far could that drop actually be? Well, it could be down to 35,000 is actually the first support here for Bitcoin So that's that would be the first support that I'd be looking at on the next one after that I would probably say is closer to that $32,000 range That's another big support here for Bitcoin and the final one is Around $30,000 and I and that the $30,000 if we pull it up here We put on some moving averages and we also put on the volume So you can see right now our 50 this is our 50 day moving average is Currently sitting at about thirty two thousand dollars So that's probably if we lose a thirty five thousand dollars. I would say that we would potentially Test that 50 day moving average and if we were to test that that's currently sitting at about thirty two thousand dollars now the next big support here for Bitcoin would be thirty thousand Because of course, it's a massive whole number and We also have the The thirty thousand eight hundred has been a massive support here for Bitcoin and then after that we have this $28,000 range that also has the 200 day moving average and this This basically support here that we've been on since November of last year when we bottomed out So that's pretty much been holding us over here and that would be probably the one of the final lines of defense Here I don't think we go below this Since we have been setting up higher highs and higher lows. So that's pretty much How I'm looking at it right now and the supports that I'm that I'm watching obviously the the Resistance is gonna be that top where we just topped out at thirty eight thousand dollars. That's a massive resistance there I don't expect us to just break above that right away Beyond that though once we do break above that There's nothing really holding us back from forty thousand dollars, which is a of course a psychological resistance level there and $42,000 which is has historically been a big level for Bitcoin. It was previously a previous all-time high during the last bull market so you could have you could see that It's about this level right up here. So you can see that that was a previous all-time high there So those are the next two levels that I'm watching once we do break above This current resistance at thirty thousand dollars now looking at this you can see we're about to hit our next target So this is why guys I was I had to jump in the trade so fast these trades happen fast And usually when there's a big move really fast in one direction or the other there's There's a it bounces really fast as well So I love whenever that there's a big over extended move in one direction I love to jump in trades in the opposite direction because something like this usually happens. It's especially when The move is in the direction of The trend right so this move that the flashdown was in was in that direction of the opposite of the trend So our position that we built is in the direction of the actual trend So if we think that we're gonna get back above this Support here, you know, we just got we just caught basically the the perfect entry there because that support It's about thirty five thousand six hundred Ish right and if we think that we can get back to thirty six thousand Which is where we just dropped from you know, we just caught the perfect move there. So Hopefully some of you guys caught it with me. I know it was a fast-moving one But that that's the way crypto is man crypto is is a lot of times you got to be on the ball, right? You got to be prepared. I'm still upset. I didn't catch this Ethereum move here. It went down all the way to 1917 I'm upset. I did not catch that. I would have loved to to long there at 1917 I ended up longing at 1950. So if you if you caught a theorem at 1950 with me You could probably take some profits here. You're up. You're up about 25 26 27 dollars now from the entry. I would take I'm gonna take 25% here and then The next target will probably be two thousand and two thousand I honestly like to build a position if you look if you're a swing trader You can hold that position and if it drops lower to the 1900 area, like I said, this is a big support here I'm not I I would be more than happy to build a position here at 1900 so Yeah, if if not another move that you can do if we see price break back above two thousand I don't mind entering at two thousand dollars Either I think two thousand is a good spot to build a long-term position Here for Ethereum If you want to hold if you're a swing trader and you want to hold it for you know for a few days So you want to hold it for a week or whatever it is? You know, especially a leveraged position You know two thousand dollars in this area here is not a bad spot Obviously down here is the best spot to build your position is around 1900 But but I don't mind building it up here either So you can see that we actually have here a Golden cross on a theorem as well. We spoke about Bitcoin's Golden Cross last week If you guys didn't check it out, we did a video on Bitcoin's Golden Cross Where we spoke about not only Bitcoin's Golden Cross, but the double Golden Cross meaning that Basically exactly what it what it what I what I said, right? Is that we got to go to Golden Cross is you can see it in any theorem as well We got a Golden Cross here any Golden Cross here You can see what happened last time we got a Golden Cross in in Ethereum. We were at about Let me see where's price? $1,500 and we ended up going as high as 2,100 and now recently we just had this Golden Cross as well while we were sitting at about $2,055 Who knows how high we'll go in the next few weeks next few months, right? So good spot to buy to open a position here anytime. We've had a double Golden Crosses Before a bull market. It's basically signaled the bull market and prices have gone up long-term So three out of three times that's happened. So it's a pretty good long-term Signal and indicator there when you when you see two Golden Crosses So let me to take a look back at Bitcoin here Let's see. Let's go back to our 15-minute time frame See how high we've gone here All right, so we haven't hit our second take profit as of yet. We're still waiting on that. Oh Man, that was a crazy move. Yes Hmm But it's a move that we've been waiting for right we've been we've been pretty much waiting on On on the move back down like we've been talking about all right when When are are we getting that move back down? because We can't just continue going up forever So it's healthy for the price of Bitcoin when we do get a move down like this. So Hmm and This was one of the main things I wanted to talk about in today's video was this bearish divergence here Where I expected some type of move down at some point soon so I didn't expect to get it right now while streaming live, but You know, it just happened while we were here alive And we were able to take a trade with you guys that already hit our first take profit We opened it at 35,000 about to hit our second So let's see. Let's let's see what happens there. I'm gonna take some questions And I know we kind of we kind of skipped that let's see where we were on the news. So we had spoke about BlackRock and their ETF The other news that I wanted to speak about was BlackRock officially files a spot ethereum ETF application Which is why we saw Ethereum last week we had this move a 12% move in one day So it went from $1,800 all the way up to $2,100 in one day When we got the news about the BlackRock fault, excuse me filing for that ETF application In other news US options exchange CBOE launching margin Bitcoin futures. So what exactly does this mean? It basically means that in when you're holding a position instead of just If it moves 1% you only get a return of 1% it Instead of that, you're gonna get you're gonna get margin. So When it moves 1% for example, you'll be able to get a little bit more if you if it had 10x margin for example Then you you get up to 10x, right? So a 1% move would would basically give you a 10% profit now, I'm trying to look through here to see if they're They're giving any idea on what that Margin Bitcoin futures gonna look like I don't see any numbers here, but that's definitely interesting We already spoke about the US inflation falling at 3.2 percent China's boya interactive to spend 90 million dollars on Bitcoin and ethereum. So basically they're buying Bitcoin and ethereum and And adding it let me see it's a it's a Hong Kong listed company So it looks like The the plan is to is currently pending approval with its shareholders So definitely interesting Like like I said already There's a lot of money that's about to come into the crypto industry guys You guys have to be prepared the best way to prepare yourself is to just and stop trying to wait for the bull run Stop trying to wait for the best time to buy and just dollar-cost average guys And then this news came out today black rock says USDT and USDC stable coins pose risk to Bitcoin So this one actually just came out Probably like an hour or two ago. I didn't even get to read it But on the black rock Let's read it together the black rock spot eat Bitcoin ETF filing that was made public Includes exposure to stable coins under its risk factors the entire the entire digital asset sector has Anxiously awaited the potential approval of the offering since the initial filing Let's get to the good part. Let me see Move over the document and I discusses the risks is it Trying to see So basically in their filing they disclose exposure to stable coins as Bitcoin ETF risk factor Hmm, so it doesn't say it notes that it does not invest in the specified asset but maintains indirect exposure So basically the same they don't have any USDT or USDC. So they don't hold any stable coins but and I mean, this is something that we've all known It's an indirect exposure Because if anything were to happen in USDT or USDC that directly affects Bitcoin because a lot of people use USDT and USDC to you know, when they're not in Bitcoin or in crypto So it says while the trust is not invest in stable coins It may nonetheless be exposed to the risks that stable coins pose for the Bitcoin market and other digital asset markets Thereafter the company explains what a stable coin is and that its market value may fluctuate So of course that means if the value of it drops from a dollar where it's supposed to be as a stable coin Below a dollar, then of course it would be a massive panic That would drive prices lower. Yeah, so that's that's pretty much That says there and yeah, that's that's pretty much it there So let's take a look here at Bitcoin see where we're at now So we still haven't made that move up we were oh my god, we're so close we hit 35,493 we're seven dollars away from our second take profit Jesus that always that always sucks. Why not when you're that close to taking a little bit more profit All right, let's take a look at our liquidity polls here Let's kind of zoom in a bit To see what is going on So this is a 12 hour one so we can see All this this little poll what it wasn't a big poll by any margin, but this small poll here Basically, we took it out and we're moving back up slowly the biggest liquidity poor at this moment Well, the most immediate one is just above 36,000 and then the biggest one is about as at about 36,600 dollars Let's take a look at the seven day on the seven day You can see that we had a lot more liquidity here that just got hit. So let's kind of take a look at that So we had liquidity down here at 35,800 that was here earlier and look and guys pay attention To the price and the liquidity pool, right? So look the liquidity pool is the the brighter the spot the more money there is there sitting there, right? So this was the most immediate one today and look at what happened there. We hit it And then price jumped right back up, right? And then the next liquidity poll became down here at 35,200 and what did price do? Hit it not only hit it, but took it way down here and bounced right back up so price is Prices Liquidity polls are basically a magnet for price Right. So what does that mean? Why? Why does price go to liquidity polls if there's investors with a lot of money? whales aka whales, right and They're looking to fill their orders for example black rock or for example The company we just read about that's looking to buy a hundred million dollars worth of Bitcoin If they just buy a hundred million dollars worth of Bitcoin, it's it's gonna move it might as You know the Bitcoin market is already big enough where? It feels pretty good and you and you'll pretty much fill the majority of your order wherever it is that you buy Now obviously the more and more money you have The more the price is gonna move but for example if you're looking to buy a hundred million dollars worth of Bitcoin and Prices in a spot where there's not a lot of liquidity Let's say that there's fifty million dollars in liquidity at thirty five thousand dollars And you're looking to buy a hundred million worth of it Then you're gonna move the price because you're gonna eat up all that liquidity there. So what? What you'll see what you'll notice price do a lot is go up to these big liquidity areas and these These whales have their orders set up there to eat up that liquidity So you'll see a lot of times price will do something like that and bounce right back or something like that and bounce right back So that means, you know, there's a lot of by pressure came right back in as we broke that that liquidity pool and that's kind of One of the reasons behind it now now other things that happen at areas where there's a lot of liquidity There's a lot of traders that are getting liquidated there So they're their positions are closing and there's a lot of traders that have stop losses at those areas as well So their positions are closing as well So it all kind of plays a factor. It's all big Peace that kind of plays together, right? If we zoom out a bit more we go to the monthly You can see at the monthly we've pretty much ate up all the liquidity to the out to the upside and to the downside now The major liquidity here is at about twenty eight thousand dollars right now, but this has slowly been moving up So I expect us to keep moving up probably to about thirty thousand dollars I don't expect to see prices drop down to twenty eight thousand dollars again But we could see prices drop down maybe to thirty thousand dollars. So that's just kind of an idea there Now just because I don't expect it doesn't mean that it's not a probability or a possibility guys, right? We know Bitcoin is a wild wild The way it moves it doesn't care for technicals it doesn't care what about opinions it doesn't care about anything. So You just got to be careful when looking to trade it So, um, yeah, we still haven't hit our second Take profit there, but you can see for the most part we've already hit our first one and we're in profit Let me see what that profit looks like at this point if we just kind of get our Our long position where actually it's just kind of get a price range If we put our buy our entry our entry was around 25 So currently where it sits if you're using If you're using 10x leverage like I do you're at about a 10% profit So that's pretty much where we currently are at if it hits Our second take profit area it'll be at about a 13% profit and Our third area would put us at about a 20% profit and we get a runner if we leave a runner and Let it go up, you know beyond 36,000 we could get up to about 36% profit on that trade So we'll keep watching this here. I Think that's that's that's pretty much I've pretty much covered everything that I that I kind of want to talk about today Let me I'm gonna take a look at I'm gonna take some questions now guys If you guys have any questions about anything that's going on currently anything we've discussed anything in the market Just drop it in the comments I'll be more than happy to cover those for you guys and we'll continue to I'm gonna leave this on the price So you continue watching in here to see if we hit that second take profit area So Ducky Dave had a question earlier. He said What's your number one out coin pick for the next bull run that you think will perform best Honestly, I don't have a number one out coin pick You know because it's it's pretty much up in the air however What I did earlier this year was a let me see if I still have that chart. I should have it Give me a sec here. I know I have it here somewhere Hold on. I have it in a spreadsheet Where basically what I did was go back and look at the the look at what happened if you invested In the top 10 coins the top 25 coins If you invested in the 26 through 50 the 51 through 75 76 to 100 Or if you just invested in the top 100 coins overall What that scenario would look like right? and I'm up. I'm gonna pull it up here on the screen So you guys can kind of get an idea here and It this is this is pretty much What happened? These are the results, right? So we looked at it from the 2020 from 2018 the top of 2018 to the top of 2021 right and then what we did Was we looked at what would have happened if we bought during the bottom of That the that previous bear market and sold at the top. What what would those results look like? So we started with the top 10 Right for the top 10 we said, okay We're putting a thousand dollars in each in each coin You know, what happens if we just bought the top 10 coins, right? If we just literally came here, we bought put a thousand dollars in Bitcoin thousand in Ethereum thousand in Binance thousand in XRP. Now, obviously, we're skipping the the stable coins We're not putting a thousand in that because that's pointless. So we're skipping tether USDC So those two so that means that we go all the way out to ton coin, right? so Solana Cardano Doge Tron Matic and ton and we took those You know, we just put a thousand in that let's say and we're just making up the scenario right now And we put it up put it in and just left it to the top of the of bitcoins bull run, right? And then it kind of gave us an idea. So This will be these were the top 10 coins in 2018 Right and this is their price Let me see Trying to see the price at the bottom. So 2016 1114 So this was basically the bottom price in 2018 during that bear market when we hit the bottom, right? Bitcoin's bottom was about 3184 Right and then at that time, this is as of December 16 2018 if you were to put a thousand dollars in each of these coins This would have been your return When Bitcoin hit a top and this is not even the exact top This is the week of the top so you would have a week to sell Basically, you'd have a week to buy a week to sell because this is a snapshot of during of you know, that week during that week so it gave you gave you plenty of opportunity and these are the returns and you can see basically what you ended up with there so When we went here the top 10 so our return if we were to just bought the top 10 coins at the bottom of the market It would have returned us one thousand six hundred and eight percent right to our portfolio So we had if we invested ten thousand dollars that would have turned into a hundred and sixty thousand dollars That's crazy, right? That's a sixteen X on your return If we would have done the same thing for the top 25 coins now instead of just investing ten thousand Of course we're investing 25,000 but you can do this with any number. I did 25, you know 1000 per coin just to keep the math as simple as possible And you can see that this had even a bigger return. It returned 1,846 percent so a twenty five thousand a dollar investment Would have made you you would have had four it would have made you four hundred and sixty one thousand dollars Basically half a million dollars with a twenty five thousand dollar investment in the span of three years Right because you're buying in 2018 December 2018. You're selling You know that you would have bought December 2018 sold November of 2021 This is your return you would have made half a million dollars Then what we notice is as we got further away from the top 25 the worst The performance was So you can see Another thing is a bus so bus means that the coin went to zero or went negative during that span so in the top 25 Nothing no coins here ever went to zero or went negative during that time span So you would have made money on every single Outcoin that you bought Now when you go into the 26 to 250 Things change and you can see that seven projects went to either zero or Negative meaning that they didn't go to zero, but they didn't make your profit So now your return is a lot lower your return would have been 435 percent if you would have done the same thing for the 51 through 75 another seven projects went to either zero or negative and even Less profit two hundred and fifty four percent 76 to 100 Even more projects busted here nine projects either went to zero or went negative you would have made 351 percent profit and then the the if you would have gone Put twenty five thousand dollars in the top 100 So you basically broke down the top 100 right two hundred and fifty dollars by A hundred right two fifty into every single coin Overall, twenty three coins would have busted 23 projects basically a quarter of the coins in the top 100 either went to zero or at least went negative and Your return would have been 821 percent during that time span, which is still really good Right your twenty five thousand dollars would have turned into two hundred and five thousand dollars Not bad, right and then when we look at Bitcoin and Ethereum Then we're like wow if we were to just put our money in Bitcoin We would have made more than everything else and if we would have just bought and held Ethereum we would have made even more because buying and holding Bitcoin alone. You would have made half a million dollars buying twenty five thousand dollars worth of Ethereum alone It returned over five thousand percent guys You're twenty five thousand dollars were to turn into two point five million so now History just because it that happened the last time doesn't mean that's exactly how it's gonna work out this time Especially with Ethereum. I don't think he theorems gonna have a five thousand X Bitcoin I don't see I don't think Bitcoin is gonna have 20 X again So you can expect these numbers to be lower But And you could expect these numbers to be lower as well, but the main thing that we got from the study is That if you're gonna be investing if you're not sure where to invest The top 25 is gonna be your best bet stick to the top 25 coins You know divide your your investments through that throughout that the top 25 and They're gonna end up having the best results overall So that's the best thing I can tell you I don't have a number one coin that I think is gonna outperform the rest But I would say you know something in the top 25 if you just kind of you know if you focus your money there the majority of your money and then put about five percent into Dart throws basically that are that's outside the top 100 I think that's probably the best way to kind of play it because there's nobody that's gonna be able to tell you you know what Number what coin is gonna outperform the rest of the market? That's just impossible to really know I hope that uh, I know didn't answer your question specifically, but hopefully gave you at least an idea of What that answer looks like? Hmm. All right, we got a Vishnu Babu Vishnu Babu. I hope I'm saying your name, right? He says what is BTC ETF mean it's an exchange traded fund. So basically the same way that there is If we go back if we just pull up here ES So the same way that there's a S&P 500 right the S&P isn't is an ETF. It's an exchange traded fund and it just follows the over the top 500 Stocks in the stock market, right? So an ETF is gonna be something that's traded in the stock market that follows the price of Bitcoin. So That's basically as in simple terms, that's what it is the easiest way to think about it It just follows Bitcoin's price and you're able to trade it on the stock market So that's the big part that you can trade it in the stock market right now Bitcoin you cannot trade in the stock market There's no Bitcoin in the stock market if you want to trade Bitcoin The closest thing is in the futures market, which it's not is not the same thing though So here's Bitcoin in the futures market, right? You can see look at its price 35,000 510 But the price right now is at 35,000 464 50 right so those are that one's kind of off that one Somewhat follows Bitcoin's price, but not really right that one's always a bit off So in the stock market, it'll it'll be something completely different and it's something that doesn't exist Yeah, it's gonna be an ex and ETF stands for exchange traded fund So Yannis says how is it possible for some sites to know the liquidation price of users? I think that is not completely legal So I'm not sure exactly how they get that information I Know it could be done through like order books You know, I think that's something that you can if you look at order books You look at where there's a lot of buy orders and things like that You can get an idea of whether where there's a lot of orders And if you look at Like I've never really looked into it so I can't I don't have an exact answer But I know it's based on you know order book It's based on where traders have their positions, right? So I I think that there is there's a way where you know where you can see where traders are taking their positions Where where there are buy orders, right because buying and selling is all on chain So all that information is For the public, right? We can see all that information if you know if you know where to look Now Hold on I'm trying to pull up. That's not what I want to pull up here Where is it? Liquidation levels So this is all it's all public information, right? So we can see here and this is all this is all from the blockchain the block chains is what gives us That information where people are opening and closing trades and then it shows if they're opening Leverage trades you can see here that it shows how many people have how much money is in short liquidations with 25x Leverage things like that, right? so I'm thinking it has something to do with all of that combined and it kind of it's able to give you an idea of where the The liquid the liquidity levels are so I don't think these are always exact numbers Just like everything else in trading. I don't think there's exact numbers But there's areas and there's ranges and that's really all you need when when you're when you're trying to trade and when you're trying to put Pieces to the puzzle together. You don't need an exact number. You just kind of need a range, right? You need an area to give you an idea If when you're putting that puzzle together, right? So you're trying to figure out this puzzle and There if there's a if you have three or four different things telling you an area that where price might go and then you look at this this kind of Gives you some confirmation that you're you're you're going in the right direction, right? so that's that's You know, that's one piece of the puzzle. It doesn't it just because there's a bunch of liquidity here Doesn't mean price is gonna go there. It just there's a chance it might go there It's just one one of the pieces to the puzzle and when we look at like the monthly one, right? This is a longer-term one You can see that the liquidity right now is showing basically at $28,000 right before it was showing this exact yet a huge yellow liquidity All the way down at like $20,000 and that had slowly moved up right so You know, we never went down there to to that $20,000 area even though there was massive amounts of liquidity down there and I think you know Especially on these longer-term ones just because there's a lot of liquidity doesn't mean we're gonna go there But if we start going in a certain direction, there's a different things different indicators Indicating that we might drop in a certain direction. That's one that helps you right? It's just one of the pieces to the puzzle. So it's not a You know, it's not gonna it's not gonna solve everything. It's not gonna tell you the future or anything like that All right guys, we just hit our second take profit here You can see remember we've got in at 35,000 Took profit at 35 to 50 took profit here at 35 500 our last target is at 35 750 So this is I'm it was cool that this happened while we were alive because we were able to take this trade together here So hopefully some of you guys were able to grab that that that trade that long trade with me Me knee ready Says when is your next slide my next slide? We do lives once a week on Tuesdays about the same time between 1 to 2 p.m. Eastern Standard Time So that that will likely be our next slide Potentially I might start streaming more frequently. I would like to do it like five times a week really But let's see it, let's see how things how things go Yanis no problem appreciate the question So I think we've pretty much covered everything that we wanted to talk about today and we even gave you guys a bonus with the The trade that happened with because based on the movement because we just had Bitcoin's price drop almost $2,000 while we were alive So we're able to catch a trade with you guys live at $35,000 open the position We also open the position on the theorem at 1950 and ride both of those up able to take profit twice on Bitcoin we took profit once on the theorem so far so both of those trades were definitely Winners and we're gonna continue playing this level going forward here, but that's pretty much it guys Thank you guys so much for tuning in we'll be live once again next Tuesday So I'll see you guys in as always peace and love