 What is going on ladies and gentlemen and welcome back to Bitcoin daily for another video It is Friday November the 13th 2020 guys. We're getting close to that end of the year You know in December. That's when we had that run last time to the all-time highs Today, we're basically doing a market analysis Mostly on Bitcoin and then I also go over a few other coins Basically, I'm looking for trade setup for the weekend. You've watched our previous videos You know that our trade setups for the most part work. Obviously, we're not a hundred percent We don't hit all our trades, but as long as we hit between that sixty to seventy percent You know six out of ten seven out of ten trades. I'm a winning trader. You know what I mean? So that's that's kind of what you're aiming for and then if you're practicing proper risk management and Risk to reward ratios, you don't even need to hit sixty to seventy percent to be a profitable trade So that's what we're trying to teach here at Bitcoin daily and hopefully you guys have been learning Make sure to check out those trading tutorials Make sure also before we get started hit that like button guys hit that subscribe and drop a comment Man, let us know what you guys think we've been updating slowly updating these Everything here as you guys can see we got some cool lights in the background now We got some light on us so you guys can actually see my face. We got a new camera up there We got a microphone. I'm not wearing headphones anymore Man, we're upgrading little by little so let's jump right in y'all So the first thing that we're gonna look at let me move my face out the way before I forget, right? All right, so the first thing we're gonna be looking at here today Let's see let's refresh this I like to refresh it just in case so let's look at today's crypto market cap So you see the market cap is up to four hundred and sixty five point eight Billion dollars. That's a one point six percent increase over the last seven days You see you bitcoins dominant is up to sixty four point seven percent, right? All right, let's see here Bitcoin today is up to sixteen thousand two fifty one So we finally broke that sixteen thousand guys I hope you guys took the trades that gave you guys on Monday Monday We gave you guys some great trade setups for this run Hopefully you guys took it. You see today. It's up one percent over the last seven days up six percent Ethereum here up to four sixty nine In the last 24 hours up to one and a half percent last seven days up seven percent XRP up three and a half percent today at twenty six cents over the last seven days It's up seven percent. I'm sorry four percent Chainlink up to twelve ninety four up four percent today over the last seven days up ten percent Bitcoin cash kind of flat today, but over the last seven days up two and a half Like coin was a big mover today today moved up ten percent guys I was pretty big I was pretty shocked when I got the notification that light coin was moving I was like what light coin no way since when does the light coin move, right? So that's up eight percent in the last ten days, but it's up ten percent today Binance up 1.8 percent, but it's down over the last seven days Polkadot up to two point eight But it's pretty much flat on the week and Cardano up two and a half today But pretty much flat over the week. It's down a little bit there, but nothing too serious That's pretty much it. EOS is the only other coin that we're trading here And it's pretty much up five point eight percent today Up four point two on the week. So let's jump right into the charts Get this out my way All right, so let's see what we're what we're seeing here right now. Let's let's jump Let's start with the weekly. I like to look at the weekly first actually let's go all the way to the monthly Let's throw it back Sorry, I don't know that but do you like to hear a few things I can do? Alexa is going crazy. I'm sorry about that Interrupting my stream So any anyways guys, let's look at Let's look at this see what we got here that completely threw me off this month. So far up 17 percent So it's been crazy on the year. We're up over a hundred percent on the year guys So if you bought in general on January 1st If you bought Bitcoin, you're up over 100 percent if you bought down here in March Then you're up over 400 percent congrats So I just like to look at it here from that standpoint and see what's going on See if I see any, you know key levels that Might stand out to me then I zoom in a little bit. We'll see here How was range in here? Then we broke out of that Broke out of that basically just been breaking out of everything right and this week. It's another green candle And then now this is where we're at we had this right here Remember we told you guys to buy this look how far down this is Do you guys remember this? Guys this I told you guys to buy at eleven thousand two hundred and Now then I told you guys to buy it took off Told you guys to buy at twelve thousand eight hundred Took off told you guys to buy at thirteen thousand took off Guys I've given you so many opportunities to buy like there's no way they should not be in profit right now So look at this how I just grind it up this bull flag boom took off and not then grind it another bull flag right there boom broke out and Now I'm expecting another bull flag probably we're gonna consolidate under 17,000 until we break out of 17 and once we break 17. I mean That's the biggest resistance we have between us and 20,000 right now So once we break out of 17 we might we could in our honesty we could shoot directly for 20k from there. We just got to break that last major resistance that we have from there We might we might break out From 17 straight to 20k in one day, so That's what happened in 2017 when you know when we hit that all-time high, I'm not saying it's gonna happen like that again But it could but it might do what it's doing right now. It's just been breaking Consolidation breaking consolidation breaking consolidation breaking, you know what I mean? Like until it just working its way up to to 18,000 So that's pretty much what we're looking at right now You'll see these Fibonacci levels here how perfect they were Like we basically were in this range So any anything above this Fibonacci level I was telling people to buy and look how every time it went up It will take off You would have been selling and trailing properly could have been could have made a lot of profit there And then we finally we broke out of this one, which was a 16,000 level, right? So now that's pretty much our support right there Pretty much what we're looking at as support today. We actually tested it This was a trade that we gave in our in our trade groups and we're able to ride it from 16,000 basically the 200 300 16,300 400 level so Congrats if you guys in our trade room if you took those trades congrats guys That was a hell of a trade. We've had some a few pretty profitable. We have we've had a very profitable week Yesterday was a little slow was pretty much break even more or less but All the other days we've been making money That's why we call it the money team Um, so this is currently what we're looking at You'll see how we had the break above the Fibonacci level as soon as we broke look at that big green candle Then we came back tested it took off again came back tested it took off. So, um These are the levels that I'm looking at right now guys Um, as you guys can see here, we had this big bull flag that eventually broke out And then now we're we're making another bull flag for what I'm Suspecting another continuation up So you got to be ready It's gonna continue up. So these are the trade setups. I'm looking for Um 16,000 and 16,500 Those are the two trade setups. I'm looking for in bitcoin right now. I want to take Uh any setup at 16,000 what I the the way that I play it Is exactly how I played it today Um, you you've let it go down You want it to drop under 16,000 to just kind of test that And then you want to catch it when it snaps back up. So you look at this candle this candle Started here, right? It started at what 16,119 ish Um, it opened at 16,118 It dropped all the way down. Look at the wick the wick went all the way down. The low was 15,965 As soon as I saw that I had a I had an alert ready. So as soon as I got the alert as soon as Uh, I saw that I set up Uh entries right above 16,000 so I ended up getting my entry at 16,027 Um, I had my stop loss basically below this level which was Uh, 15,965 So I had a stop around 15,960 So I was like a 40 60 dollar stop And I wrote it up to about 16,200 And took profits So as you can see here, it's it's been just kind of chilling there at 16,200 to 300 level. I mean, sorry Um, it's been chilling here at the 300 to 200 level So the main the two main trade setups. I'm looking for 16,000 Support entry or is or 16,500 breakout entry, right now in between you can take some setups You know, these are these are going to be scalps So basically these are you're in and out and got to be in and out pretty quick Uh, so you don't get caught up in the up and down Um, so for these you're right now, you're kind of looking above this 16,300 level, right? Uh, the thing is that it's kind of, you know, been faking out it's been uh, nah, uh, nah, uh, nah You know, so, um The high right here on this candle The high on this one is 16,323 the high on this one is 16,310 And this one hasn't passed 300, right? So you want to you would want to, um, have your entry above one of these candles, you know Good pretty much choose which one you want to do and set an entry above that So either six above 16,310 or above 16,323 So those are the two, uh, if you're looking for a scalp right now, you would want to entry above that Have your stop basically somewhere below right below 300 if it goes under 300 You're gonna scout you're gonna stop out and you just want to enter that again So, uh, that's kind of the trade that I would be looking for if I'm looking for a scalp right now Um other than that the other two levels is basically, you know, 500 and 16,000 Those are the two main levels everything else is just for scouts, you know You're gonna get very small movements probably maybe you can get a movement from 300 to 400 or 300 to 500 But you want to be taking profits that whole time and then just set up new entries above 500 So like that if you get rejected you've taken your profits if it does break out you have new entries So it's a win-win situation So that's pretty much it that's what I'm looking for this weekend For bitcoin, uh, those are the only ones that have interest in trading Um, let's take a look at other things in the market and see what other setups there might be So ethereum, I've been playing ethereum a lot um in the trade room ethereum's uh as you guys probably know A coin that I like to trade Uh, and you guys can see it's basically the same setup, right? We told you guys to buy down here You guys probably didn't listen. So if you didn't listen, look at that takeoff. You guys missed out. I told you guys um It's up from that entry. It's up basically 100 dollars so it'll be what 90 92 dollars per share per ethereum that you bought there So right now the plays that i'm looking for in ethereum though 460 is that main Number there the issue of 460 Is look at all of this, you know what I mean? It's just going up and down so much You're gonna get either either you need to have a very wide stop or you're gonna get stopped out, right? If you get in on the wrong side of it, you're gonna get stopped out So I mean ideally the way you want to play it's kind of the same thing You want to let it go down and you want to buy it on the bounce up the thing is when it's bouncing It's it's not really going too far up like on this one. It did take off somewhat but um But yeah, it hasn't been you know, it hasn't been moving too much. It's just been kind of bouncing up and down in the same in the same range here so 460 If the thing if you're if you're playing at 460 level you have to have such a wide stop man It's uh, it's a little it's it's a little risky So for me, I'd rather try to catch something down at the 455 level maybe It's hit it. It's hit it a few times Uh, that's what I would rather try to catch or uh, basically a breakout entry So the breakout number for uh a theorem currently so 470 is that first number as you can see it's already above it Um, but that second level is probably going to be 480 480 is definitely an area Um that it needs to break To continue up if we break 480, then we're probably gonna gonna see 490 and 500 up there Um, which should be also pretty tough resistances up there um, so That's what i'm currently looking at right now um My play right now is gonna be the safest place probably above 480 Um, if if we're dropping under if you see this drop under 470 You can play that 470 and if it drops further I would try to get somewhere down here close to 455 I just at 460. I just don't like it. It's so much so much going on there Maybe force 57 and a half might be a level that you can play um, but 460 Uh, just so much, you know up and down in that area So I try to avoid it if if possible Um, that's pretty much it for ethereum. Let's jump over to bitcoin cash All right bitcoin cash not much has been going on here as you can see Um, we had this little run up remember we dropped under this and uh I just had no interest until it broke that Finally we broke above it and you can see here it like struggled a little bit and then boom broke out as soon as it broke out It took off right then it dropped right back down Then it took off again, and then it's just kind of grinding down right now So right now it's back to this level. This is a level where There's a lot of buying However The issue here is just again There's so much going on here right so much up and down So you'd have to let it drop and then catch it as it goes up That's the only way to really play that level right now. Um Other than that you could also play this 250 level. I always like this big hole number um, so 250 and then this range up here between like two Seven 257 to 256 ish right, so um That's the first one. I'm looking for The second one. I'm looking at uh for a breakout Ah I don't know man. There's not not really much that I like that. I'm like, oh my god. Yes. I want to enter that breakout But the level would probably be around here. I don't know why these numbers are so weird 274 Like why is it such a random area, but 274 is the top one Uh, the high is 278 Uh, so that could be another breakout Um, 264, you know, so those are some breakouts that you can play if you were trading those I'm not trading bitcoin cash. I just don't like how it's moving. I don't like that pattern And the the levels are just weird to me. So I'm probably skipping this one, but you guys feel free to play it Uh, that 270 range is also a possible breakout right there So, um, good luck if you do enter. Let me know how you how it goes Um, light coin. So light coin is another one that we've spoken about a lot Uh, we spoke about this level here. You saw finally we got the breakout Then we spoke about this level it kind of just jumped around there for a bit And finally when it did break it though, it took off as expected So that's the thing with these levels. You got to play it as it goes up not as it goes down Um But yeah, so it took off Right now I would wait back. I would wait for either a pullback To the two to 60 dollars Um, and again catch it on the way up not the way down Or uh, the next breakout would probably be let's see see where it's at right now Right now it's around 65. So probably 70 dollars. I would say Would be that next number that's really whole Um, that would be the next breakout that I'd be looking at um xrp Let's see xrp finally been moving up today As you guys can see here. We had this it went dropped down into the level that we liked This was that green level. Look at it. Look at it. Look at it. And look at that takeoff. So you guys entered at 23 50 And you took off to 26 50. Congratulations. You guys Did great job on that trade. Um Um So we had a pullback here, right? And then it's just kind of been grinding slowly, you know with a few moves up Um, so what i'm looking at for is this 26 area I like that 26 area. That's where I would want to try to enter. We actually took a trade there today um And then the next area is probably above 27 Uh looks like 26 80 26 60 Those should those should all be areas of interest for breakout trades there um chain link You guys can see came down to our area If you guys bought here Remember you let it go down on the bounce up. That's where you enter Um, so you guys bought that $10 range. I told you we've spoken about $10 range so many times. Look at this all the way back here So, um, if you guys got that $10 range amazing Um, it took off all the way to 13 50 13 60 pulled back now just kind of Uh bull flag right here Um, so it's the range is getting tighter and tighter So we should see some sort of movement soon because of the pattern The probability is that it's going to continue up So, um, the trades i'm looking for here is a break above $13 That would be a breakout entry right there. You could expect to hit, you know, like 13 50 14 um On a pullback, then you're talking about probably 12 50 12 dollars Uh 11 50 that range That's pretty much it for chain link Tezzels, uh, so tezzels as you guys can see it has this it had this uh jump up finally Broke above $2 came back to $2 broke back above so it tested it I told you guys last time that $2 range is where I would buy Um, so as you guys could see broke it came back tested it and then it's just been kind of you know Chilling consolidating right now. Um, but it is a good pattern here So you can expect maybe a continuation to the upside I'm still not really looking to trade this, but if you're looking for a breakout It's 220 if you're looking for a support entry. It's two dollars Those are the two entries for tezzels Um, neo Neo you can see that we finally got some movement to the upside We broke above this level here Then we came right back down and then we slowly consolidated up Um, right now still working its way up the levels that I was looking for I told you guys last time. I believe was $16. So you see it's tested it here a few times So above 16 is a breakout entry Um, not really looking to to enter any any type of support entries here So only looking at that $16 mark For a for a entry with this high being the first target 17 being the second um See what the futures look like I always like to look at the futures chart just to see, you know, you see there's a little Gap up right there came back filled it and then just has been moving pretty good Um, let's uh, take a look at cardano Not much to see here on cardano. Yeah, I don't I don't like anything cardano Not looking to take any trades here if you're looking to take a trade probably I'm still looking above this level 800 satoshis So under that I just have no Interest and then the last one we're going to look at is eos. I have recently added eos to The coins that I'm trading so it looks like it has a Kind of just been chilling in this area consolidating consolidating. We had a drop and had a Went back up consolidated a bit and then another impulse move up today So we're currently here at this level the entry would probably be above this This uh 260 area, but as you can see it's Faking out and testing and you know, so you got to be careful with it But that's kind of the entry right there that 260 area above it or you can just do above the high of the day Which is 264 ish Um, so that's pretty much the only trade I would look to take in eos So that's pretty much it guys. I think we covered Uh everything for the weekend. We looked over different trades that we're looking to take um, you know, we looked over different possibilities and actually One of the trades that we spoke about was uh to enter an entry above Uh 16,000 300 Remember we said either above right right above 300 or above 320 Something will be the breakout trade and look at this guys. It has come to tuition or whatever that word is. I'm not even sure Um, but but yeah that that trade is currently happening right now Um So yeah guys, we pretty much covered everything for the weekend These are the levels and the trades that we're looking at right now. Um anything else Not really looking to take any other trades over the weekend As always keep in mind that uh weekends are typically low volume It has been a little bit different recently as of recent But typically it's low volume on weekends. So just be careful with your stops Be careful with your position sizes and if you're using leverage careful with the leverage you're using um And that's basically it man. If you guys have any questions, you know drop it in the comments Let me know what you guys think Uh And then also one more thing Um the question of the day so we do have a question of the day winner, right? Uh, so let's go to our video And see let's let's pick out this winner. All right, so here we go Let's see who the winner is for the first giveaway Good luck guys And the winner is Michael van Lair I hope I said that right. You are our winner for the first giveaway. Uh, let's see. Let's make sure On the comment So this is the first one is that you need to buy between 12 700 and 1200 800 on support I like this because it made some money off this tip this morning. Amazing, dude. I'm glad you made some money there But I bought at 1200 900 the second is buy one it breaks 13 000 So you buy around 13 75 and you take profits at 13 150 or higher And the third I missed because I was working you buy at the new breakout 13 400. Thank you for the tips amazing, dude Thank you so much. Do I have any uh audio here? I might I might in your post production I might play some audio of people clapping I don't know if I'm gonna have it or not though But hopefully I did do that and hopefully you guys hear the whole crowd cheering Congrats Michael Michael. I don't know if Michael Michael All right, so let's get now the second video boom. All right guys. So let's see who the second winner is And the winner for the second giveaway That was pretty epic, right? Thomas Tom Ha ha this guy's is a a bot a scammer Pick another winner Let's go again guys The winner is let's see Ah, he didn't answer the question of the day Nymars He didn't answer the question of the day my guy pick another winner Nope another scammer. What is going on here? another scammer Wait, is it? Yep another scammer Guys, we will get a we will get a winner Another why does this guy keep winning? What is this guy? Boom, there we go vc. You are our winner It took a while to get the winner, but we finally got him the winner He subscribed and liked the video. That was all you had to do Uh to be a winner and enter this contest. Congratulations vc You are our second winner winner for the giveaway. Please send us send up. I can't speak English sometimes Please send us a dm Okay, send us a dm and we will get you all set up in the trade room for Your giveaway prize. Thank you very much. And that's pretty much it guys that wraps it up guys. Please uh as always Oh, hold on. I have to do the question of the day for this video. Okay question of the day guys What are the two entries? I'm watching this weekend for bitcoin. That is a question of the good day guys That is it. I am wrapping this up this video went far too long hit the like drop a comment Let us know what you think also drop your answers for the question of the day if you want to win Um, and hopefully you guys caught one of these trades here Look at this trade setup that I just gave you guys in this video. It's already cashing. Hopefully you guys are cashing If not catch the next one. I will see you guys on monday as always. Have a great weekend peace and love