 What is going on ladies and gentlemen welcome to another episode of let's talk crypto? This is officially episode 33 today. We're gonna be of course talking about a bunch of different stuff We're gonna be going over bitcoins current prices Some news has been kind of a slow week so we'll go over some of the news that came out over the last week since we last saw you guys and Of course, we will be doing the market analysis any Q&A at the end of that So if you guys have any questions about any anything that we cover in today's Livestream or if you just have any general questions Just post it in the comments. We'll be happy to get to them at the end of this video So let's go ahead and jump right in let's let's jump in first with the economic calendar to see exactly what it is That we have coming up this week and then we're going to be talking about Bitcoins price and all of that so let's go ahead and get started. Sorry I'm a little I'm like trying to get things together for some reason They're not popping up like they should be right now. So let's just let's just start with the Bitcoin price here So currently we're sitting at 35,000 five twenty one So we're looking right now at the daily chart here and you can see that we got a pop to the upside Today, we went from we were as low as 34,000 five twenty three earlier today and then we've gone up as high as 35,000 six twenty three So a pretty big difference over $1,000 over a $1,000 jump there Just today so the volatility is real today in Bitcoin I've been looking around the news. I haven't seen any reason for for prices to go either up or down So I'm not sure why there's we've seen this volatility today But you know, it's just part of crypto. So that's you know, that's how it goes here. So Let's see what the rest of the market is doing here. Let's go ahead and open up coin market cap here And we could see let's take a look over the last seven days. What's been going on You can see Bitcoin is up about two and a half percent We have Ethereum up over four and a half percent. So, you know, Ethereum is now Starting to catch up if you guys remember over the last few weeks Bitcoin's been the main mover, right? It's been the one doing all the moving And Ethereum hasn't really moved too much So now Ethereum is starting to outperform and that has to do with the cash flow In the money flow of in the crypto market, we've spoken about it before but the way that the money flow works usually is Money first flows into Bitcoin as Bitcoin goes up People take those profits and put it into Ethereum then Ethereum starts to go up People take those profits and start putting in into other big caps like BnB XRP Solana Cardano doge Etc. All right, and then those go tend to go up and then from there they put it into smaller cap Coins and so on and so forth So that's that's kind of what we're seeing here In the last over the last few weeks and over the last week really we see a theorem starting to outperform Bitcoin here now other Cryptos that have been moving we have XRP up to about 68 cents It's up 14 almost 15 percent in the last week. We have Solana also up 20 percent here at $44 guys Solana has been moving it's gone up over a hundred percent in the last few weeks I believe So it has definitely been one of the biggest movers here definitely the biggest mover. I think in the top 10 Then we have Cardano up 20 percent as well Over the last seven days currently sitting at 35 cents Further down we have Tunk coin up 14 and a half percent at 253 right now We have chain link finally got a breakout chain link up over 15 percent and it's up close to a hundred percent as well over the last month or so We have Matic up 14 and a half percent and from the top 25 Those are the the the ones that stand out the most we have avalanche here up 14 percent as well So avalanche is a little behind, but I'm sure it will definitely catch up as well So, um, let's take a look at the top gainers and losers Let's put this to top 100 And we can see the top gainer right now is pancake swap Upset up over 77% and part of the reason for that is because Binance made a Strategic investment and they've added some stuff over to on the Binance side so you can trade perpetual They take perpetual contracts. They've also added cake has also added a new feature But you know if you know about pancake swap and the way that it's built They haven't unlimited supply basically So I'm not really a big fan of pancake swap probably won't be grabbing any we have trust wallet here up 67% Multiverse X up 44% we mix up 40% and neo up 39% The top losers over the last week are maker down 5% Monero down three and a half percent white Bitcoin Down 1.4% packs gold down 1.3% and tether gold down 1.1% So really not a lot of losers almost everything is up over the last week So let's take a look now here at the economic calendar. You can see the main things will be tomorrow and Thursday There's really not too much going on But what we will have is the Fed chair Jerome Powell It will be speaking tomorrow at 10 15 a.m. And then once again on Thursday at 3 p.m So the reason that these could be Important is because if he provides any type of insight on what the Fed is going to do going forward as far as raise interest rates pause them continue to keep them paused or cut them That could you know impact the market so that you know That's something to keep in mind there over the next two days in case we do see any volatility It might be because of the speech If he gives it any insight other than that really have nothing else going on this week That could impact really impact markets like that that we know of Next week, I believe ya next in an exact will week from now next actually next Tuesday November 14th, we have the inflation reports coming out once again and then on Let me see then after that. We're pretty much Not too much coming out for the rest of the month probably until The Fed interest rate decision again on In December, I believe it's the 13th of December and during that same week I believe I believe we'll also have another inflation report. So that'll be a Interesting week to say the least But yeah, not not too much else not really much going on this week next week We have inflation reports and then you know everything else could somewhat impact markets, but Usually those events are non-events overall So we don't we don't really put too much attention on them. So that's that's kind of what we have What we're looking at there looking at the target rate probabilities for the next interest rate meeting It's most likely gonna be another pause. We can see 90 probability of another pause There is a 9.8 probability of a final rate hike So that's something to watch there and if we continue looking You can see that in January expected to be paused again in March still expecting pauses in May is when we we have the probabilities are Pretty much the markets think that this is when we might see the first rate cut. So that'll be in May And then you can see in June. They definitely believe that there'll be rate cuts at that point. So May June for rate cuts is the possibility Again, this is just you know, what the markets think so this doesn't really all this could change at any given time But it's just interesting with everything else That's going to be happening around this point in time, right? We have the bitcoin halving also happening in march april may time period And there's just so much going on at that point so basically It's setting itself up for the perfect storm for You know bitcoin to go up during this time in 2024 So very excited for that. Also. We can't forget the the bitcoin spot ETFs Should be we should be it should be coming. I think before the 2024 But if not in 2024 for sure that's going to be happening We have presidential elections bitcoin always usually does well during those times So there's a lot of things that that are going to be becoming in 2024 That we're very excited about that could really Act as a catalyst for the price of bitcoin and for the crypto markets that could send us into a A new bull run a new bull cycle and into new all-time highs Where we get to just print a bunch of money basically, right? So, uh, let's go ahead and let's go over the news. Um, there really wasn't too much news over the last week The main thing that came out was sbf Sam bankman freed was finally found guilty on all charges now We spoke about we spoke about this at length already over the last few months And uh, we're just happy that you know justice will finally be served here. Um And you know It's it's tough, but uh, because I don't like to wish You know Bad things onto anybody But when you do something as bad as this man has done man, like uh, you you gotta you gotta serve You know, you gotta pay the price for what you've done, right? So, um It's it's it's wild man. And it's You know, should he serve 110 years now that that's that's a lot, right? Should he basically for the rest of his life should he serve that I doubt he'll serve 110 years I'm sure he'll he'll be able to come out at some point after, you know, maybe 20 years or so, but um But yeah, man, it's it's a tough one Just thinking about it from a From the standpoint that that this kid because he's he's a young kid is uh, gonna spend Pretty much the rest of his life in jail because he got caught up in in this in this scam this fraud, right? He thought he could outsmart Everybody else and get away with it and uh, that just didn't happen So, uh, yeah, I mean, you know, you gotta you gotta you gotta pay the price for for your actions Basically what what it comes down to I don't like to wish, you know, anything bad on anyone But this guy he has to pay the price for what he did Right. So, um, so now they they they haven't uh sentenced him yet But he's facing up to 110 years in prison. Um and sentencing will be done I believe soon. I'm not 100% sure when let me see if it says it Anywhere here, but I believe in the next month or so. Maybe, um Let's see. I don't I don't see it mentioned anywhere here, but at some point they're gonna do the sentencing And their expectation is up to More than 110 years. So that's pretty crazy Other people that are paying the price for Crimes that they committed The u.s. government arrests founders of safe moon crypto token So if anybody was around, um, probably 2021 Yeah, probably 2021 Safe moon was a very very popular token at that time And uh, and now we see why Uh, these guys were who are definitely Uh, also committing fraud basically We see here that, um The names of them. I see the department of justice executing According to official release from the u.s. Attorneys Office of the eastern district of new york, the executives have been charged in a multi-million-dollar International fraud scheme That's pretty crazy So and that that was to other see to the c to the founders and the ceo and cto's So the crazy part is that I met some of them at a at one of those crypto events So and I had asked like, you know about it and they were like, oh, no, you know, we're we're legit, etc, etc And you know, we we kind of knew the whole time that these guys were not legit, right? I never put any money in this and uh Yeah, you can see already this is they used Uh, it says the founders used the funds to purchase luxury vehicles real estate and personal investments So, yeah They're they're charged with conspiracy to commit securities fraud conspiracy to commit wire fraud and money laundering Further role in the scheme. These are all pretty serious charges there. So, um Safe moon crypto tokens founders of they are have been arrested. So, um I think it's time to dive into a bitcoin analysis here now that we've covered the news covered the overall market and And the economic calendar So if you guys have any questions about anything that we're covering remember you can ask, uh Ask about ask us the questions in the comment section I'll be more than happy to answer those for you Without further ado, let's jump right in. Let me say what's up to the people that are watching right now I see yannis in here. How you doing? Yannis? I see, uh Pugh, I don't know how to say your name sing Um, how you do appreciate you joining in. I don't know what you said, but hello. Hopefully that's what you're saying Um, so let's go ahead and jump into this analysis here. So as you guys know as you guys know on Mondays I do a weekly market analysis and complete breakdown complete market report in my discord group um so i'll be Looking over i'll be reading over some of the uh of that analysis that I did there so that we can uh So you can have an idea basically on what we're looking at. Um, so Let's go ahead and uh, let's start. Let's see. Let's start. We already spoke about the Economic calendar. Let's start with the dx y so the dx y is a dollar And as you can see We spoke about this We spoken about this a bit, but um Let me get the brush here And you can see that that the dx y has been basically trading in this range here for a while And then we had this deviation to the downside Before moving up and now we've had this deviation to the upside above the range So similar to the deviation to the downside below the range We thought that this might be kind of a saint a similar setup With how everything is going in the economy And with interest rates pausing and potential rate cuts coming soon It looked like the same setup basically where there's going to be a deviation to the upside and then a potential You know downtrend where we retest this bottom Support here. So that's kind of what we've been watching here and it's it looks like it's starting to play out a bit Now the reason why we look at the dx y and why it's important is because it's directly related Not only to bitcoin, but basically the majority of cryptos and majority of assets Since they trade directly against the usd the the us dollar currency Um, so the dx y is the us dollar currency of the value of the us dollar currency goes down Then the value of everything that it trades against goes up. So that's why it's important to kind of know where it is And what what it's doing because that could help you overall try to decide on what you want to do and How you want to position yourself in the market as well? So, um, so that's pretty much what we've been looking at there with the dx y And um and here now, let's uh, let's go ahead and now take a look at bitcoin to start with the monthly I always like to start from the top and do what what's known as a top-down analysis So as you guys can see here Currently sitting at 35 400 And basically we're at a resistance zone here. This is this Green box here is a resistance as you guys can see This has been a it was a major resistance here It was it played a major support Here for three months then it played another major support here for one two three four Basically five months until we lost that point and once we lost this uh, this big area here. Guess what price did? We rocketed down basically right we lost 37 percent in one month after we lost this support Um, which just goes here to show how important This level here is and that's exactly the level that we're in right now So that's why it's important to to know that right? That's why it's important to look back in history and see what price has done Historically at this exact level It lets us know how important this level is so that that tells us this level is very very important here And if we break through this level we can potentially start going higher towards the 40 000 range Um, I think the next big resistance here is probably 42 000 After we break out of this green box here. There's green boxes between 35 to about 38 000 After we break out above this resistance here I believe we can easily move up to 40 and 42 000 dollars now. Why 42 specifically? Again, all I do is look back in history. I'm not an oracle. I don't Tell the future right? I'm just looking back 42 000 was a mean uh was actually an all-time high at one point here So you can see here during this candle back in january of 2021. We hit an all-time high At 42 000 dollars, right? So then it became a big deal right that number became a big deal and now It's always gonna play as a as a main Area and you could just kind of look at price here what it's done This is 42 000 right and if we look here at 42 000 dollars We can see how much how it's played a role here. It played a role here as a resistance Then it played another role here as support Again support again support When we lost it. It was resistance when we gained it back. It was support when we lost it We you can see how how far we dropped After losing that then we had basically three massive red candles of a loss of 17 15 percent and 37 percent there um back to back to back so That's why it tells us that shows us that those are big numbers that we need to take account for And that we need to be paying attention to so that's why we look at levels like that so um For now the main level that we're watching is here this green box 35 000 dollars I'm still in the thought And the idea that we need to um to retrace a bit here At some point right we can't just continue going up You can see on the weekly we're starting to get into the oversold territory Um, we have this nice, uh trend that we've been building here since we hit this bottom over here But um, we we probably have to retrace to this trend at some point now 30 000 dollars is probably the level that i'm looking at for a pullback This is the weekly chart that we're looking at here. So um, I don't think we're gonna we're gonna do that 30 000 dollars this week so potentially in the next few weeks so Potentially by the end of december right that's when it looks like this the trend line here meets this 30 000 dollar area Which also will be met with the 200 weekly And potentially the to the 50 weekly moving averages They could potentially be in that range as well by the time december rolls around So that's that's gonna be a level to to just kind of watch there If we do get a pullback over the next month or so 30 000 dollars is a big level i'm watching now Other than 30 000 before 30 000 32 is a big level there It's played historically as it is a big number as well for us So that's the first number that i'm pretty much watching After that then 32 is the next number i'm watching if we look at the daily timeframe here You can see this right here. This is the 50 day you see 50 the 50 day moving average So why is the 50 day moving average important? um bitcoin likes to use a 50 day as a support and resistance so you can see it here used as as um As a support then you can see it here used as resistance, right? So Where is it at right now? It's currently sitting at about 30 31 000 dollars Close to this uh support here, which is 30.800 right 30 800 dollars So, um, I wouldn't be surprised to see a pullback back to the 50 day moving average. Um That'll that'll be interesting to see here now another thing to note Now that we're talking about the 50 day moving average Is this right here and I actually have a video on this coming out um this week So you might not see it there, but this right here That is a golden cross ladies and gentlemen a golden cross now. I think I have another chart here. Let me see Let me see if I have another chart All right, this chart. Yeah so Taking a look at this this this what circled is the golden cross So taking a look at this this is another golden cross. This is a second golden cross that we have gotten During this bear market Now why Are the golden cross is important not only why the golden cross is important But why is it important that we got two golden crosses here? During this bear market Well, let's look back in history If you notice here at the top we got two death crosses If you notice here at the bottom We got two golden crosses here and now I know we have a third one here, but We had this outlier event A black swan event when we got the pandemic So if you take that massive dropout We would only have two golden crosses here at the bottom of the previous bull market if we keep looking back in 2015 before Then the new all-time highs went when we went into a bull market in 2017 We had two golden crosses That launched us into that bull market And I think that's as far as the golden crosses go and then up here. We have two death crosses So it's a pattern, right? We have two death crosses Then we before, you know, then we went into bear market two golden crosses into bull market Um, we only got one death cross here here. We had another again two golden crosses Bull market two death crosses bear market and now we have two golden crosses. So what does that tell us? This is probably the time that it's probably another signal that we're going back into the bull market So and it and it sets up, but it's it's in line with everything else for 2024, right? 2024 we have the bitcoin halving. We have potential interest rate cuts. We have The bitcoin spot ETFs. We have so many things, right? We have just so many things that are that are going to be going on in 2024 2025 And now to add on top of all that we have double golden crosses here That basically is marking the beginning of that next bull run now I drew out some ideas here Um, pretty much using the averages of what Uh, bitcoin's price does historically Through the first 90 days the first 180 days and the first year 365 days, right? So on average the first 90 days bitcoin's price after a golden cross sees a move of about 32 percent If we add that on to when the golden cross happened here, that would put bitcoin's price at about $45,000 over the next 90 days You know, that would be towards the end of january Could we see bitcoin's price? At $45,000 by the end of january. I think that is a realistic probability in scenario where uh, where we pump especially in uh In december january And we can potentially run up to to that You know, uh, $45,000 area where that's literally only $10,000 away So it's that's not that big of a leap to say that we we wouldn't be able to do that in the next three months um Now let's look at the the 180 days on average through 180 days through six months bitcoin's price Historically went up about 74 percent. So that would put bitcoin's price at about $58,000 Let's say 58 to $60,000, right? And that would be by april of 2024. So by april of 2024 Could we see bitcoin? Sitting back and and retesting back that $60,000 range Is that something that's realistic? I definitely believe so. I think that we could be in that $50,000 range Maybe we haven't we wouldn't push beyond 60 yet because a main rally It comes on the back of the um bitcoin halving and we have the bitcoin halving Bitcoin halving countdown Let's see the date on that The date on that is may 4th So right in that same that same time, right during that same time Could bitcoin be rallying and go going up to $58,000 I think that's realistic as well. I think that's definitely a probability In a scenario that could happen and then finally the last one That now the last one is is a big of a a bit of a push because When bitcoin was a lot cheaper It was a lot easier for it to move a crazy amount, right? now historically and This what I have the way I have it set up here is not the historical numbers just because it was It was unrealistic, right? But let me let me pull up the historical numbers here for it um historically after a year A year after the golden cross bitcoin is up on average 796 percent now you can see why I didn't put it at 796 percent because now at that point That's unrealistic in one year to me 796 That's that will put bitcoin at $300,000 so Now the same way we looked at the others and thought is that realistic is that you know a realistic scenario I think in the next year Could we be at $300,000? I don't think so That's just that's such a massive massive leap at bitcoin's current price, right? um But what if we said, okay, it won't go To 300,000 but what about one third of that? You know that would put us at what 200 percent And 200 percent is a hundred thousand dollars now Does that seem more realistic to you in the next 365 days? that By this time next year bitcoin Could potentially be setting a new all-time high towards that hundred thousand dollar mark I think that's That could be there's a higher probability of that than you know, it going up to 300 thousand dollars Now I still don't I still don't think that will be at a hundred thousand But I think will definitely be at new all-time highs. So if we're at new all-time highs We're talking about a price beyond 69 thousand dollars So we'll be at least between 70 to 80 thousand dollars at that point, right? um I think that's definitely a possibility, right? I don't I I can't say what the probability is for for that scenario to actually happen a year from now But I think it's a it's a good probability It's a it's a there's a good percentage that we could potentially a year from now Be looking at bitcoin's price doubled of where we currently are right now um That I do believe that is a possible scenario for us to see So now now we've kind of taken that into account Um, let's kind of let's kind of move back. I know we're kind of going Getting ahead of ourselves and I'm going to do a video on this as well. I'm going to do a video I'll have a I'll have a video coming out this week on this pattern to double the bitcoin double golden cross Where I kind of go into death on this a little bit more and then I'm going to do a video On everything that you need to know about the bitcoin halving event and its history uh Based on you know, what price has done in historically and what we could potentially expect to see This time around historically for bitcoin's price as well And then at that point I'll be able to give some some uh predictions on where you know some I'm not going to say more accurate predictions But more educated guesses on where bitcoin's price could potentially be by the time by You know depending by the time pre halving or leading up to the halving Then post halving and then you know the year after the halving as well that are usually all very very bullish Times for bitcoin. So we'll we're definitely going to go through all of that in the upcoming videos This should be in the next two weeks Um this week. We'll have the double golden cross video and then next week I'll work on the um the halving bitcoin halving video So I could have that up for you guys as well But going back to where we are right now, right? That's that's a lot further along Um, but I just wanted to basically I said all that to point out that we have a golden cross Now as you guys know and we've covered it in videos before golden cross is a 50 50 um Hit rate So, you know, like we saw a golden cross here and then uh price went back down and then you know, uh, we saw a death cross again However, the double golden cross has has always hit and has a 100 hit rate. So that's why uh, we like talking about that now, um Let's talk about trading right My plan for this week trading I'm pretty much and let me go over to my market report where I put my plans Based on the analysis that I did this week The trade plan will be the same as my trade plan last week until something changes Right, we're looking to short at the top of the range Which we currently are we're at the top of our current range The bottom of our range is somewhere around $30,000 pretend maybe a little bit higher. It could be at $32,000 um, but right now there's no reason to be Longing this up here. There's there's zero reason to long this Because we're just at a lot of resistance up here so the The highest probability setup right now is to the downside Is for a potential correction or pullback, you know, um, and again, you don't have to Short expecting it to drop to $30,000. You can you take profits in between So if we take a look at the trades that we took last week You pull these up on the screen here Let me just put this here Whoops So these are the trades that we took last week and again, we're not looking to take every single trade that there is We're looking for the highest probability setups that we can take here Um, so if you look at the dates here, these are the dates here On the first we took a short At $35,000 we wrote it down all the way to $34,000 For a gain of $285 It was 29 profit if you if we if you use 10x leverage like us um Then the next day we took another short Basically at the same price at $35,250 so a little bit higher, but we ended up stopping out at $35,750 So this one was a loss We stopped out there because we got this massive move to the upside here. I think it was this one. Yeah So we had a move all the way up to $36,098 So um that ended up stopping us out However, um, we went right back in you can see the same day right back in Uh, because price again at that that same day. Look at look at this candle It went all the way up to 30 as high as $35,000 at $36,000 and as low as $34,315 So we jumped right back in the trade We took that trade and we were able to get a winner So even though we lost this trade for 100 we lost $141 or 14 percent The same day we took the same trade again This time at $35,000 Took profit at $34,500 another win We made $142 on that. We basically got back exactly what we had lost And then, uh, we took the same exact trade again 35,000 Down to 34,500 another win for another 142 dollars or 14 percent so If we take a look at the summary here, uh, how how, you know, what we've been doing this year And this is basically just keeping track of all the the trades that we've been taking this year If if you would have started with $10,000 starting capital, um, this is this is what the results are based off Just to kind of keep things as simple as possible Right, so total trades that we've taken this year are 82 trades. So it's been a slow year guys We're not looking to to take every trade. Right. We're not looking for quantity. We're looking for quality So we've taken 82 trades over the course of 2023 for 111 Profit year to date. So if you were starting with the $10,000 You know, more or less, this would be the the profit if you took every single trade. This is the way that we did, right? um, so that is 56 winning trades 26 losing trades So that gives us a win rate of 68.29 percent All right, and here it breaks it breaks everything down a little bit a little bit further Right, uh, the average tpu that our first target target is hit at 68 percent Then when you go further down, you know, the average the average that tp2 Is hit is 46 percent and then tp3 is about 30 percent So that kind of gives you a breakdown at at how our targets are hit Um, and how we're planning, you know, that's why we're looking for these high probability setups And that's why here we've just been shorting basically at this point in time Um, here there we don't see any reason too long right now unless we break out of this box out of this green box So as long as we're here, we're probably only going to be looking for, uh, shorts Um, and you can see when you look at our trade history Basically, that's all we've been doing here. We've been only taking shorts Even though bitcoin has been going up, but we've been taking shorts for the most, uh, for the most part Because we've been so high now, of course, we've missed out on some because, uh Price broke out But we still we've won one two three Four and we've lost three. So we're four and three over the last month or so In and if you take into account and this is just Considering the shorts that we've been taking here if you take into account the rest of the month here You can see that we were on the win streak here one two three four five in a row Then we had two losses and then we've you know, we won one lost one and one two So we're just looking for that high problem those high probability setups Trying to take advantage of those trying to play these main support and resistance areas trying to play Trying to figure out the the training ranges and play those ranges Now another thing that we look at here, um, when trading and when looking for targets, we're looking for, uh, potentially opening closing positions Is liquidity pools, right? Because price loves to go to these liquidity pools So this is something that we're always looking at You can see the bright yellow areas. This is a heat map. So the the the brighter It is the more, um Liquidations that there are in that area. So you can see here towards At 35,950 dollars. There's a massive liquidation area there So it's possible for the price to come up here Liquidate those positions and then drop back down, right? And you can see towards the bottom There's a big liquidation levels at 34,125. So same scenario, right? Maybe price goes up here liquidates all these people then drops down liquidates these price loves to liquidate people So, uh market makers love to liquidate people So that's why we're always watching those levels and it kind of gives us an idea of where price could go next Um, so that's something to always kind of keep in mind and there's different time frames that you can look at it right now We're looking at at the 12 hour time frame. So that's the most immediate liquidity pools we can go to the seven days. So this is a week And over a week, this is basically the liquidity pools that have popped up You can see a majority of liquidity is to the downside at 34,000 We do have some building up here at uh at 36 and above But the biggest poll right now is at 34 and then you can go also to monthly and further than that But these tend to be a little bit slower But they still give us an idea where there's a lot of liquidity left behind so you can see here Um, this has slowly been moving if you remember Just a month ago all the liquidity was under 25,000 now. It's moved up to basically like 28,000 dollars So, um, and I expect that the longer we stay in this range up here I expect this liquidity pool to continue moving up So, um, yeah, that's pretty much it guys. That's that's pretty much all I got for you guys today As far as what I'm doing here as bitcoin continues to move up And potentially goes to that liquidity pool that we just spoke about If you guys have any questions about anything that we just talked about here, um, drop it in the comments I'll I'll be more than happy to uh to see if I have answers for you guys I'm gonna give you guys a moment here while I drink a little bit of water And uh and look at what look at one of my trades. I'm looking to actually try to open up a short trade here Um with this push up and I'm gonna probably put a uh, I'll probably be putting a A stop loss just above 36,000 So if anyone's interested in in uh, and what what it is that I'm doing here right now, um I'm just trying to set the trade up here. I'm setting it up on my phone I'm not logged in on on my uh on the computer because I got to turn on the A vpn to log in and all that but uh, let me let me look at some of the comments here I just shorted here. My entry was about uh 35 850 or so I actually added to my position. I had opened a short at 35,500 So I just added to my position here. Um, I've set my stop loss above 36 uh above this high here. So the high here Is 36,098 dollars. I'm setting my stop losses above that Now how am I looking for my spot my stop loss? I'm probably I'm looking at the liquidation pulls here as well You can see that around 36,150 is that The biggest one to the upside I want to say the biggest liquidation pull there to the upside Um, so that's a potential area to place my stop loss above Let me let me look at the shorter term here as well Once more And again, you can see a lot of liquidity here at 39,925 So i'm not surprised if we hit this right here and drop down. So i'm kind of playing it based on um, that we're at a resistance and based on uh, this liquidity pull that i'm seeing right here right now So you can let me pull up the the chart real quick And here we go. We're about to we're hitting those liquidity pulls right now As we speak Now what I want to see here is for the price to start pulling back Back towards 35 000 that would be lovely for these trades here So, uh, we'll be we'll be watching this here if it breaks above 36 000 and we'll just end up Closing out our order our trade and then kind of reevaluating At that point in time So i'm gonna answer some of the questions I see here in the comments Um, yannis says in daily bitcoin timeframe, I think we have a divergence with rsi Probably we will have a correction soon. Yes, yannis. You're definitely 100 correct um, if you go over to The daily and I actually did speak about this as well We have This right here You can see that this is going down The rsi is going down. However, the issue is price is going up When price is going up And rsi is going down. That's that's considered a bearish divergence. That means that um Price and momentum are not on the same page. There there's a disagreement. There's a disconnect between the two And these two need to always be connected basically So in order to reset itself There there there needs to be uh, usually a correction where either either a correction or a long Basically, uh A consolidation period for a long point in time You can see we just hit those uh the liquidation polls we're talking about if we let's let's see if this was updated See we let's see, uh It hasn't updated yet. So we'll look back in a few minutes. Um But yeah, so When there's a disagreement between these two there's there's typically it's a hint at a correction at some point So we're expecting a pullback here soon. We've been talking about a pullback probably for the last two weeks Um And we expect it has to pull back at some point, right? Price is not just going to keep continuing to go up And it's also healthy overall for the technicals and for the bitcoin's price Further to be a healthy pullback meaning a healthy pullback is something small, right? Not anything too crazy um So as long as we get something like that then we can we can set up to then at that point consolidate and set up new Higher highs will have the rsi and price action back in sync. And then at that point, you know, we can we can see price go higher In a healthy structure so, um Thank you for for pointing that out. Yannis, uh ducky dave says Good to see another stream and good to see things finally moving up in crypto land. Yes Definitely man 100 appreciate you tuning in as always man Thank you. Um, and hopefully price continues to go up, you know Um, very very bullish for 2024 and 2025. So I'm very excited for what's to come here Yannis, uh, ask what is your favorite hardware wallet? Um, so for my favorite I think the the ledger nano is probably the my favorite. I have that one and I have another one the other one I I can't even recall what it's called. I haven't used it in probably like a year or so It was actually one that was sent to me um Bio company to test it out and I didn't test it out. I didn't I didn't really look at it too much, but uh But yeah, definitely the ledger nano I think Is probably probably one of one of the best ones that you can get there Um, it's it's the one that I use personally So I might be a little bit biased Um, but that's pretty much it guys Appreciate you guys tuning in. Um, we're gonna be watching the price here To see what happens Like I like I told you guys I just took a short trade here live As bitcoin's price popped here to the upside So, um, so we're watching this to we're gonna kind of wait and see what happens here Um on this trade we set up. We entered around 35 8 50, but we already had another entry So we kind of averaged in our position So our average position now is about 35 6 50 I I want to say 35 700 ish We're setting up our stop losses Above the where the liquidity polls are so we're going to set them above around 36 150 In that range and then our Target is probably going to be 35 000 dollars. So that gives us a stop loss of Let's say about 600 dollars and a profit of about 650 ish So it's it's actually a one-to-one risk to reward Racial trade and whenever, you know, whenever you're looking for trades You want to make sure that it makes sense and that they're at least at minimum a one-to-one risk to reward So, um, this trade setup It we built it to make sure that it made sense with our stop loss beyond the liquidity pool Which needed about 600 dollars, which is why we averaged our entries in And then it gave us again about a 600 profit If we reach our our target our target, which is 35 000 dollars, which is we believe that's that's You know, we've been ranging right over the last few weeks here. You can see Here it is 35 000. So since the 23rd It's about for two weeks We've been literally ranging from 35 000 dollars in all the way down to as low as 34 000 and back up to 36 000. So I think that's a good a good scalp there and you can see price is now we're basically at break even right now With this trade. So hopefully it continues to go down in our favor So thank you guys. Thank you for all the questions everybody who tuned in Uh, I appreciate you guys make sure to like and subscribe to the channel If you guys have any other questions drop it in the comments. We'll be more than happy to answer them for you. Um That's pretty much it guys. I'll see you on the next one as always peace and love