 Ladies and gentlemen welcome back to another video with Bitcoin daily. I am Jay and today We are talking about some more Bitcoin. We're doing some more Bitcoin analysis today Gonna take a look at what happened over the weekend Hopefully you guys watched our video Friday Friday. We pointed out a bull flag pattern That did take off and we did cash in on Hopefully you guys were able to grab that Today is a beautiful Monday afternoon. It is October 26 2020 and we're going to give you our top trade setups for this week So before we get into that, please make sure to drop a like on this video and subscribe to our channel We're up over 1,800 subs. We're trying to get to 2,000 before the end of Next month I guess so definitely before the end of the year So we're trying to get over 2,000 subs. So I'm gonna give you guys a second to go ahead down here Hit the like button hit the subscribe. Go ahead. I'm gonna give you guys a second All right, so now you guys have done that. Let's jump right in yo So let me take my face out the way boom my face way over there All right, so let's take a look here at what is going on today as you guys can see the Crypto market cap is at 389 billion today down 1% over the last 24 hours Bitcoin is currently trading at 12,962 Pretty much flat on the day. It's down 0.31 percent over the last seven days though It is up 10 percent. That is huge. You guys look at that Ethereum is trading at 389. It is down four and a half percent today XRP is at 24 cents down 2.3 percent today Bitcoin cash down five percent chain link down four and a half four point seven percent Binance code coin as a code up two percent polka dot up six percent So polka polka dot is rising again Light coin down five percent after that big run up as you can see it is up 16 percent in the last seven days Bitcoin SV making an appearance down six percent. All right, so let's jump right into the charts guys We're gonna start off with What days today, okay, we're gonna start off with the Weekly candle here So this is what the weekly candle looks like here This it's this big green one Looks beautiful last week was amazing Even on the weekend we had some great price action as you guys can see here on this candle The low of the candle of last week was 11,000 417 the high was 13,377 We opened at 11,500 last week and we closed at 13,000 38 So that that is a gain of 13.3 percent last week guys That is huge huge huge for For Bitcoin So let's go ahead and zoom in a bit here as you guys can see I pointed out this This trend right here, I made some fib levels We still have this ascending trend right here ascending support trend that I can see us back bouncing back down to so let's go ahead and zoom in to the daily and See what is going on? All right, so let me zoom in to clear clear it up a bit. So I Friday right we spoke about this right here. We spoke about this bullish triangle bullish flag bull flag and we were talking about how This green area was the buy area and a break above this flag Was a breakout buy so all right so So So that was the buy the buy area was down here for support buy or it was Up here for the breakout buy as you guys can see we did break out And we went all the way up to about 13,400 almost a little bit under the high was 377 So we basically got there and now we've kind of been rejected back down So as you guys can see here We got rejected all the way back to the support entry that we liked right here as a buy area Right, so right around that that 12,800 right under it. That's where we liked entries for support entries So that actually did trigger today if anyone had any entries there that should have triggered for you And it's already up basically over basically around a hundred dollars from that low Which the low was twelve seven seventy six So a bit above a hundred dollars since since that low Let's go ahead and zoom in a bit more so we can we can see what's going on on the shorter term now the four-hour mark So on the four-hour mark you can see here exactly how everything went I think when we did our video on Friday, we were around this area And we spoke about a break above this meant by So as you can see right here, this is where we bought and we were able to take profits along the way at 13,200 and all the way up to 13,400 And then this it got immediately rejected back down to the support As you guys can see this Descending type of support here that that came from these And it but it looks like the price has been respecting that these these numbers in this support here And there's also this one right here. So This is remember what we told you guys a lot of support here in this area And it we can see how that price there's a lot of price action here and how every time it's touched this It's just rocket it back up. So we're you know trying to get back up over 13 13 has proven to be a very strong resistance here So this is an area where we're gonna need some sort of probably some sort of news or something We did because we need a lot of a lot more volume to break out of this and continue up I do believe we're definitely gonna do it just a matter of time So What we're seeing right now We're trading within this range from this green range all the way to the top of this Fibonacci level So basically if we're looking for entries here The the support entry we're looking for is in this green box. So that's basically between 12,700 up to 12,800 we're looking for entries here as a support entry and If we're looking for breakout entries We're basically looking at 13,000 since it's the biggest number there the biggest whole number But however when you're trading that 13,000 mark you have to you have to have a very tight stop Because you're gonna keep it's it's look how many times just cross 13,000 up and down So you have to be ready to to get stopped out or to take profits because you're likely It's likely gonna spike up and then back down and up and down up and down up and down and you don't want to really get Stopped out, you know, you don't want to take ten ten trades and get stopped out every every single time You know what I mean? However, you do need to be in a trade in order to Make some money when it does jump up like this one right here like it did today So what what I'm suggesting is use a higher breakout than the just a flat 13,000 so I'm looking at an Entry probably above 13,050 is where I would want to take that entry And then you're looking at about a $50 stop Or tighter so you want to I want to keep a tight stop on this so my stop is gonna be $50 or tighter and I'm looking to take profits at around 150 the 160 range here 150. I'm gonna do 150 and 200 and then, you know, wherever up here is. Let's see 320. It looks like it is up here so 150 200 and 320 that I'm keeping the rest I'll leave the last 25% of my position in case it continues up and I'll take profits once it gets up to these ranges And then if there's then my next trade would be if there's a breakout above this Fibonacci, which is 13,400 I'm taking a new brand new entry above 13,400 so those are the three entries I have for you guys on Bitcoin the three setups. I'm looking for In this box, right, that's a support entry then you have the entry above 13,050 and then You have the entry above 13,400 so those are three different trade setups that I am looking for. I'm sorry if I keep scratching my nose The cat was in my room, and I'm super allergic to cats. So now I have a stuffy nose So I apologize about that But yeah, that's pretty much it for Bitcoin Those are the setups I'm looking for this week in the short term One other thing I wanted to point it out. I did point it out in my VIP group I pointed this out And on Instagram I pointed this out as well as you guys can see here Let's Use this as you guys can see here. This is going up And then as you guys can see here, this was going down So I believe this definitely had something to do with this move down Remember when there's a bearish diversion Like we're seeing right here That means that the prices is kind of exhausted. It's tired It's losing momentum even though there's a hot There's a lower high and a higher high here, right? And there's a higher high and a lower high in the momentum So the price is going up, but the momentum is going down You know what I mean? So when when price is going up and momentum is going down that means that we're gonna see a pullback So I believe this is part of this pullback here that we're seeing is because of this bearish diversion here on the RSI Momentum, you know, we're losing steam right now us buyers are losing steam So we have to keep an eye on this It might pull back Back down here like it already did today So you have to keep a close eye on this, you know In case it does continue down and if we break this support then we're looking back down at this support over here or The support over here at 12,000. So this is something that we're definitely keeping an eye on right now We don't want to You know Get caught in that so that's why I keep saying especially if you're using This support use a pretty tight stop and in any 13,000 entries you got to use tight stops as well You don't want to have wide stops right now You rather stop out with minimal minimal losses and try to catch those breakouts But you got to be when you got to be in it to win it, but you got to minimize your risk All right, so keep your positions, you know between two to three percent risk You're as far as your position size on those trades So yeah, so that's basically the main thing that we're looking at I'll go over as I usually do on these other trades But like I always tell you guys Bitcoin is the main thing that we're looking at everything else is gonna follow Bitcoin For now, you know, so So ethereum we did see ethereum break 400 and come all the way up here and it got rejected at that 420 As we mentioned before that 420 is a resistance. We came back down broke under that 400 I went back down to almost 380. So this 380 area is a great buy area right there I that's definitely an area. I recommend I recommend for you to buy if you're looking for a support entry That's a support entry. We like so our support that is our support entry trying to find the rectangle geez So this 380 area we really like this area So we're gonna highlight it here for you guys Basically 380 385 There's a great area here If you guys can catch an entry there definitely do it have your stops under that 380 mark Right, that's So we will have our stops under that 380 mark the next area where you would want to buy is a breakout above 400 if it breaks 400. This is another buy area Your targets are basically 410 and 420 and then you're buying back above 420 So there are two entries for ethereum Bitcoin cash As you guys can see here, it's gone up and it's kind of doing a Ronald McDonald sign It just needs to go up one more time to give you that full M But right now it's currently sitting at 258. It went down almost a 250 So that 250 area is the support entry. I've been looking for that 250 For a breakout you're probably looking at Something above 260 24 I don't really like any of those levels so 250 and then to above 275 of the two areas the two trade setups I'm looking for either the support entry or that breakout entry on top For a light coin light coin we finally saw we got some movement here. Look at that. That is a beauty Finally after it being pretty much flat for all this time. Look at this like it really didn't move much This was just a varies from September And basically to You know for over a month. It's it's just been almost two months just kind of flat We finally got some movement. I told you guys last week. I wanted I Was buying above $50. That was your breakout entry Hopefully you guys caught that because as you guys can see it broke 50 look what happened once it broke it You know shot up to the moon So that was a successful trade we had there if you guys took it congrats that should have been some easy profits for you Right now We'll probably be looking for this support entry right here, which is that $55 range And for a breakout trade it will be above 60 So we're looking for $55 for support entry $60 for a breakout entry on a light coin XRP So on XRP we we also saw some life But we've seen it basically dropped down almost right back to where it started last week So it's it's pretty flat overall just because it dropped back down so much, right? So here we're kind of looking for that 24 50 24 cents 50 Range for which is kind of close to it right now. That would be the support I'm looking to enter at or at 24 cents flat And then the that breakout area you're probably you will be looking above 25 cents here for that breakout So I would probably just wait for it to get above 25 and buy it buy it with a momentum going up Then try to buy when it's going down right here chain link as You guys can see here So remember we told you guys the price where I want to buy is $10, right when those down here We told you guys above $10 by the breakout broke out when all the way up here So you're almost 12 and started going back down and then we told you guys I will buy again at $10 Is you guys can see here hit 10 and it took off again to $13 So that is if you bought at $10 and you sold that 13, that's a 30% profit guys So congrats on anyone who took these trades including this one if you bought this breakout and sold at 11 something where was it almost this is about an 18% profit This one was a was 30% profit. So congrats to those who took those trades Right now where I'm looking 1150 would be one support and then the next support would be $11 flat That's obviously the safest one would be $10, but I don't know if it's gonna go all the way back to 10 And then if you're looking for breakouts breakout entries here Probably you have to wait for it to go above 13 You could try this $12 mark so that would be the first breakout entry above 12 Second breakout entry would be above 13. So those would be the trade setups. I'm looking for it in chain link Tezzels basically moved up and then just shot right back down Just got rejected really nothing's been going on with Tezzels It's just ever since this right here Ever since it dropped back down. It's just been you know, kind of slowly bouncing around The trade entries here is $2 or and above 225 So that's a breakout and this is support those are the two entries I'd be looking for Neo Let's take a look here at Neo So Nio's currently at that support that $17 support it did go under it though. So you got to be a little careful 1650 looks like it's another support. So between 1650 to $17 is it's a pretty good support to buy on right now So above 17 I'd be taking a trade there if I was looking for one on Nio Above 18 would be another trade. That's a breakout trade and Above and I wouldn't do I wouldn't do 19 because 20 is too close and that's the next Resistance. So I'd be looking for something above 20 For Nio those would be the trade setups. I'm looking for the RSI is getting to the oversold territory But that also means that momentum is really down So it could be a good buy here with the RSI's oversold But just keep a tight stop because you don't want to get caught in a sell-off there Let's see this just has been flat not even gonna look at that Bitcoin over here is actually in the futures market is trading. It's still trading over 13,000 which is a good pretty good. You see here. It's been pretty flat For the day in the Bitcoin futures market, you guys can see here where I told you guys to buy And these are also the gaps here. So and the last one I'm looking at Cardano Cardano still hasn't really done much It's stuck in this range and it's actually falling below this range So the next support here is a 750 Satoshi's area And if I'm looking for a breakout I Am basically looking above 860 it looks like right here And yeah, that would be the only breakout right there at the moment So either 750 for the support entry or 860 for the breakout entry. Those are basically And you could probably use 800 as well as for a breakout entry. We could bounce back above 800 That's definitely a breakout right there that you can enter And this is also oversold over here. So those are the trade setups for that And that's basically it guys. Those are the trade setups. I'm looking at this week Basically, I have those keeping my eye on I have alert set up on them I'm paying attention to what's going on here. We will do another update later on this week But that's pretty much it for these We'll be we'll do another update, you know, depending what the market does if there's a lot of movement We'll do another market analysis update mid a week. If not, we'll do, you know, whatever else we come up with at the time That's pretty much it guys Hopefully you guys made profits on the trade setups from last week We're giving these out for free guys as you guys know so Pay attention man, cuz you could you could you could have already made money in the last like a month if you were taking These trade setups But guess what? If you missed those trades today is a new day today is Monday and we're putting out this top trade setups for the week That we're watching and you have another chance to make some money if you follow these So like I told you guys in the beginning, please guys subscribe hit that notification bell that helps us a ton and Like the video one last thing we we are doing again the questions of the week So let me bring up that questions of the week post It should be here somewhere right boom questions of the week we are back All right, so question of the day not of the week Every video will have a random question about something in the video The question will always be in a random area of the video find a question and find the answer Post your answer in the comments for a chance to win a free month Month membership to our trading room winners will be picked randomly once the video receives over 30 likes Guys 30 likes have been a challenge for us. I don't know why 30 likes isn't that many We're going we're getting over 100 views on these videos over 200 views on some of them over 300 views on some of them So we just need 30 likes out of those those one two or 300 views That shouldn't be that hard guys So let's get those those 30 likes and then we're gonna give away a free membership a free one-month membership to our trading room It's a $70 value. So let's go ahead and jump into it guys question of the week is and I didn't write it down So I'm gonna come up with it right now the question of the week is I'm gonna tell you right now what The question of the week is guys What is what are the three trade setups that we gave you? For Bitcoin we gave you three different entries. What are the three entries? We gave you guys for Bitcoin. That is it guys drop your answer in the comments and Let's get it. Let's get this video to 30 likes so I could choose a winner. All right guys. Let's get it. Let's do it As always, I'll see you guys tomorrow. Peace and love