 What is going on ladies and gentlemen and welcome back to another Bitcoin daily video today? We are doing a market analysis where we go over What happened over the weekend and what we're looking for this week? And then we give you guys different trade setups that we're currently looking at for the week So we we mainly go over Bitcoin But we also look at you know Ethereum and a few other coins as we and and we look for trade setups that you guys can be looking at for the week If you're interested in taking those trades make sure to subscribe hit that like button and share this content guys We're currently at 1,900 1,989 Subscribers we're trying to hit that 2,000 mark. We only need 11 more guys 11 more of you who are not currently following who are watching this we need you to just to hit that sub you know what I mean? Hit that sub and let's keep it going. So let's jump right in guys Hope you guys had a wonderful weekend. It is November 16th 2020 Christmas is around the corner. Thanks giving is around the corner Guys a year has gone by fast. It is insane. How much has happened this year? We've seen crypto and bitcoins price as low as what? 3,800 3,900 and as high as almost 17,000 guys Who would have thought it would have taken two years, right? What two or three years to get back to these levels? It's insane right but guys if you've held since 2017 2018 Congrats, you've made it your patience has paid off So let's jump right into it guys as we're looking at Bitcoin right now Let me move my face out of the way. There we go This is for those of you that don't know this is a second video I record because the previous video I just did I had my face in the way like this the whole time I don't think I that sound the fact so I had to make it myself bucket low budget recording. Let's jump right in guys so Bitcoin we are at 16,664 Over the last 24 hours up about 4% 10% on the day Ethereum up about 2% 4 and a half percent over the last seven days XRP up 6% today guys up 15% over the last seven days That's amazing, but it's not the winner of the week yet chain link up to percent 2% on the week Here's the winner of the week a light coin guys up 14% today up 21% over the last seven days. That's insane guys Bitcoin cash up three and a half today, but it's down 4.3 on the week by an ants pretty much flat Poca dot 2% 3% card on a 1.9 1.7 on the week and EOS 2.8 today 3.6 on the week. So let's just jump right into the charts I went through that very fast because I'm trying to not make these videos so super long for you guys, you know what I mean So let's jump into these charts. Let's reload this so we got the most accurate most up to date prices in the whole wide world Right. So as you guys can see here, we're looking at the four-hour chart currently So this is let's talk about what happened over the weekend basically this weekend They said that it didn't want to do anything, right? So on Friday, we spoke about a few levels the first the main that we spoke about two levels specifically Friday The main level we spoke about was 16,000 and the second level we spoke about was 16,500 right? So what happened here at 16,000 was unfortunate But we did warn you guys about low volume on weekends and that's exactly what happened here We just had a lot of consolidation over the weekend, right? So we had kind of a little breakdown here We went as a low as well as a low over the weekend 15,000 718 And the high over the weekend was 16,000 169.5, right? So this is difficult to trade here guys when it's at 16,000 There's just a lot of buying and selling but since there was not much volume. There was no direction, right? So when there's no direction, you want to stop trading that level and you want to look for the next level, right? So the next level I had given you guys was 16,500 which today we broke out of as you can see here boom Profits, so I hope you guys cash this because it went from 16 five to 16 seven and some change Let me see seven seventy three so it almost hit 16 eight And our that next resistance that we're looking at the main one that big one that I think can lead to 20k guys is 17,000 I think once we break 17,000 That can lead to 20 and it could be in the same day or it could just kind of be like this Like it's doing right now, which is breaks one resistance Consolidates breaks the next resistance consolidates and you know and hopefully this is you know this week the break of 17 And maybe some consolidation before continuing to 20 or it could just break 17 and hit 20 I don't know. I don't know these things, you know I wish I could tell you the future, but I cannot unfortunately, so we just got a trade what we see right? So as you guys can see so those were the two numbers that I gave you one of the trades Could have been on winning trade depending how you played it, but it was a difficult trade to take and manage But this trade was definitely a home run hitter and you guys should have cashed this trade 100% right? Now let me tell you guys let's talk about when when it's consolidating like this This is what yours what you should be doing. You should be looking for the highs Right and then try to play Try to look for another level that's within that high that you can use as a breakout trade So for example here You would have been looking at this consolidation and you would have been looking, you know for a high So here would have been one thousand one thousand. I'm sorry sixteen thousand 149.5 so here you would have probably been thinking 150 This would have broke that 150 mark and would have stopped you out, right? So now you would play that next high So you would have been probably playing this high and Which was 169 right 16,000 169.5. So you're like alright 169.5 What's another? resistance or support support resistance that's close to this level and that's you know That's also a psychological, you know whole number that people love to use that would be sixteen thousand two hundred So that would have been your next breakout set up that you could have taken here And you guys can see this broke out pulled back right back to the 200 because it's not support It turned out that resistance to support boom and take off So that's kind of how you play this consolidation games when Mark is just consolidating and doesn't have a direction You'll you just want to play a breakout at that point You don't want to try to guess the top or bottom. You just want to look for a breakout here So that's how I would have played it. I did not take that trade, but I did take the sixteen thousand five hundred trade So yeah, so that's kind of where we're at with Bitcoin now for these levels for the next levels from here What we're looking at is that sixteen thousand eight hundred is gonna be a minor support It's a whole number, you know But the main trade that we're looking at now is the six seventeen K So I don't know if we're gonna just break out straight up out of this seventeen K Or we might get rejected a few times kind of like we did at sixteen, right? So at sixteen We hit it we got rejected and then we dropped all the way back down here We dropped to like what fourteen three sixty six So almost two thousand dollars we dropped here, right and then we came back We slowly grinded our ways back up kind of got rejected right here again Went back down to fourteen eight then slowly grinded back got rejected again But we kept fighting kept fighting boom we broke over right so now we've kind of been kind of doing the same thing We're here at that sixteen K range boom we broke up Now we're looking at that seventeen K, right? So that's probably going to be The strongest resistance we have before 20 before all-time highs, right? So I do expect a rejection at seventeen I do expect that but once we do break out. That's a trade that you definitely want to be taking so I already have a Trade set up above seventeen thousand as soon as seventeen thousand breaks I am taking my trades and I'm using you know between my stop-loss between fifty two hundred dollars It just all depends These are all things and decisions that you that you got to make on the fly like once once you start Once you're watching price action, you got a kind of you know, no, you got to know how to adapt There's no one solution for everything, but if you're a beginner I recommend between fifty to a hundred dollars stop-loss below seventeen thousand, right? To be safe always play those numbers to be safe, you know Once you're a profitable trader with years of experience under your belt Then you can kind of you know play it by ear not by ear But you can adapt your strategy depending on what price is doing with the markets So that's pretty much the main trade we're looking at the second trade that we will be looking at is a pullback So the first pullback level that we would look at is sixteen thousand five hundred If that doesn't hold then I'm probably looking at sixteen thousand two hundred if that doesn't hold in sixteen, right? But the main one is sixteen thousand five You see that we had that break here that mean the rejection here So that is a going to be that was a resistance and it's now support So that's the first level that we're looking at Remember we want to see a kind of dip under it and then break back above it and we want to enter on that break So that's how we're going to entering that for the 17k We're just looking for that clean break and we're entering that 17k So those are the two main trade setups that we're looking at this week and that we're looking for to trade So hopefully you guys take those trades and make some money So let's look over at Ethereum Ethereum has kind of been slowed down You see over the weekend and just dropped right? And it went as low as 439 so that 440 number was a level that we've played before right? Unfortunately, I did not get to play this one But you do see that it dropped under 440 and on that as soon as they came back up above 440 That's kind of where you wanted to enter that trade The second entry would have been above 450 on the break of 450 you would want to you would have wanted to enter that trade So those are two trades that you could have taken here. Unfortunately, I didn't take any of those trades. I Was I was away on the weekend and I wasn't at my PC and I don't really like making too many trades on my phone I I do make some but I try not to make too many while I'm on my you know Why I don't have access to my computer because it's just not the same, you know So Trades that we're looking at right now the first trade the first levels. We're looking at is 465 so that 465 level right here. You'll see there's a lot of action So you do have to be careful and I would tread lightly here use light position You know low leverage because there's a lot of consolidation in this range, right? But that is a range where there's going to be you know a lot of price action And volume might pick up there So that's on a break of 465 is something I'd be playing on a break of 470 We'll be the next one I'm playing if you don't want to play 465. All right now note that 480 is a very strong resistance here, but if we do break 480 you could play that break of 480 and have your Basically 500 be your target there and then the next trade would be a break of 500, right? For support if you're looking for support the 460 is the first support here in this range But there's a lot of consolidation here. So I've kind of been Staying away from that 460 lately So that next level would probably be 450 750 and then 455 Those will be the much safer options if you're looking for for a pullback entry And if those break then 450 and 440 are your two next supports that you can look to enter Remember the way you want to enter support entries You want to see them dip under and then you want to catch it on the break back above So those are the trades I'm looking at for Ethereum Bitcoin cash not really much going on here as you guys can see there's just so much consolidation on this level that I No longer am using that level to enter Or I why I haven't been trading Bitcoin cash as I've mentioned before But I wouldn't even use this level to enter what I'd be looking for at this point is probably a break above the high Like we just spoke about so 265. I would be looking for break above 265 for entry here for a breakout entry for support entry I just don't like any of these supports right now Honestly, I'm not taking any support entries on Bitcoin cash. So I'm only looking for that break out trade there Light coin so light corn has been a mover. We spoke about this level right here About this breakout and you see even though it did so this one did fail Then we had fake outs here consolidation and then finally got the breakout I knew it was just a matter of time, you know, you just have to be playing that level though It's tough to play sometimes because so much consolidation, but I mean it is what it is You got you kind of have to write so we had to break out Then we had to pull back right back to this level and then Continuation up so so we could see some Consolidation here kind of like we saw right here and then in continuation up so What I'd be looking at is a breakout above this high so probably above $73 is what I'd be looking at Or for a pullback back to the 70 range or the 68 range down here To look for an entry so that those are the two trades. I've been looking at in light coin XRP we finally have some movement in XRP, which makes me so happy and I know it makes a lot of you guys happy This is the high it's that the highest it's been in a while, right? So we finally broke out We called a trade. I think the trade that we called was above 26 cents, right? I'm not sure exactly when we spoke about this level, but I know a hundred percent. We didn't mention these levels as trade where to enter or The safer option. I'm pretty sure we spoke about on Friday. I was 2650 Because it was above this high, right and you can see there there was resistance So look at this boom broke it came back tested it Jumped back up came back tested it jumped back up jump back up take off, right? So we did hit all our targets here on XRP. I hope some of you guys caught this We should be looking at 30 cents as a next, you know main target there But if I'm looking to play this I'm looking to take a breakout trade above 29 cents And for a support I'm probably looking at 27 cents and 2650 as that entry again at 2650 entry or 27 So I'd be looking at those two for support entries. I'd be looking above the higher of the day plus a Resistance so either 29 cents or 30 cents would be your breakout entries just depends. You know what what you want to do Link chain link here, let's see what we got in chain link. So we spoke about this level This was a buy area. You see the takeoff here came back tested 1150 and then it's just kind of been consolidating here, right? It keeps getting rejected by 1350 So the breakout here is it's pretty obvious above 1350 You can play that $13 breakout, but it's a bit riskier as you guys can see there's so much consolidation in that area, right? But 1313 is a breakout candidate, you know, it's just a little bit more risky and then 1350 is that next number So you kind of want to be using about 25 cents stops stop losses on this Since 50 cents is most of the targets here So if you do enter at 13 then you know 1350s is take profit one $14 etc. Every 50 cents for chain link For support entry, you're probably looking at this $12 range is where I'd be looking for entry here Anything else you can enter around 1250, but there's so much consolidation here that I wouldn't risk it I just wait for a drop to 12 or the breakout for a chain link Tezzels, Tezzels just continued here. It did finally move up, but it's just kind of here We spoke about on Friday that entry that I'd be looking for is $2. As you guys can see it tested at $2 range This morning and possibly yesterday So that's what I'd be looking at right now $2 is a support entry for a breakout entry probably above 220 is what I'd be looking at above 220 220 for a breakout at to $2 for a support entry NEO NEO finally broke over 16, but it keeps falling down like it doesn't it can't stay above it So if I'm looking here, I spoke about this before I'm not taking any support entries on NEO But I will take a breakout entry So I want that above 16 and then above the previous high So 16 27 above that is where I'm looking for an entry probably or I'm just Looking above this one right here. So this is close enough to 17 to determine that 17 is probably where I really want to Enter you see 17 play the support here before the drop So yeah, so the the best trade for NEO right now would be above $17 With 20 probably being that That main target price take profit price that you're looking at there Bitcoin futures, I just want to see if there's any gaps here any gap ups Not really looks looks pretty good consolidation Gapped up closed it and then we moved it today's when we moved so futures look good Chart looks good there And then the last one Cardano Cardano. I'm not trading. It's looks terrible. It is on support But it's just I'm like this. I think I said it before I Want above 800 sats for me to start taking interest in it, you know what I mean? Below that I just have zero interest Doge just looking at this for fun There's nothing really to do here right now in Doge The last one I'm looking at is EOS EOS as you can see here the entry that I'm looking for I'm looking for that breakout entry above 265 I believe Let me see probably around here about around above 26 is where you're looking at There are some fake outs. So you got to be careful But above 26 is mainly where you're probably looking to take a entry there as you can see it is a resistance So maybe a little bit above that if you want to be a little bit safer Maybe like up here above 265 would be the safest one, right? So that's probably the safest one Support entry. I'm not really looking for any support here Any support entries on this as of yet. So that's pretty much it for The trade setups for this week that I'm looking at It's pretty much it for the analysis and the recap of the weekend So that's what we're looking at guys, you know, if you guys have any questions about any of this drop it in the comments We're always you know watching the comments and reading the comments and we're trying to answer everybody We want to engage with you guys as much as possible To so that we can help you guys make money, you know what I mean? We want to make everybody money. We want everybody to make money money is abundant profits are abundant You just got to know where to get in and where to get out in order to grab those profits, right? So that's pretty much it guys. I think we covered it all we spoke about we did the analysis on Bitcoin We spoke about the trade setups that we're looking for and that's pretty much it So please make sure to hit that subscribe. Remember we're trying to hit that 2k Let's see if anyone subscribed while we were doing all this talking Nope, nobody subscribed. So we still need 11 more subscribers to hit 2,000 The question of the day for today is what are the Bitcoin entries? I am looking for and How how do you play that support entry? And that's basically it guys make sure to answer the question of the day in the comments, right? When you answer it Make sure to like the video make sure you're subscribed and then we need 20 likes, right? So 20 likes will trigger the giveaway. We just did two giveaways on Friday So 20 likes triggers a giveaway and we'll do it on Friday. Okay? So that's basically it guys. I think we covered everything pretty much, right? I will see you guys tomorrow for a new video and That's it. Peace and love guys