 Let's take a look at this man. It's been a crazy day. I am not taking any shorts. I I've said it before I oh, I only trade with the trend So I am not going short what I do in at times like this. I just stay out of the market I Try it you could try it with some small positions and low leverage to catch one of the supports Um, but I wouldn't short it I'm I am not sure unless it breaks down like I don't know man. I don't even know where I would show it probably under 10,000 maybe if it were to go under 10,000 Then it could definitely drop back down to the 9,000 support over here But under 10, I'm really not looking to short in this market, um, I always trade with the trend We're looking at the trend over here. The trend is your friend guys People always panic with these drops man. This is part of Bitcoin Um, if you if you look at this right here, this is still a bull flag You see this there's a bull flag guys. Let me see if I could draw it on there With one of my tools over here and get this out the way. There's still a bull flag y'all and if if you look There was a similar set up right here. So there's a very similar setup these two areas Um, as you can see it stayed in that range for a while But it's very similar what happened here. It consolidated for a while and then it took off So we might see consolidation right here It could be it could be a similar pattern right there We look further back. I mean it looks good man. We're still above All the moving average on the daily We're just I it looks like we're just gonna be consolidating here for a bit, but I am not shorting this What I'm trying to enter here is probably so the supports That we're on currently we're on The 11.4k support 11,400 support right here You guys see that my mouse. Yeah It's definitely a pretty strong support After that we have 11,200 support as you can see it's a troubled area right here So it's definitely a point of interest and after that we got the $11,000 support. So Yeah, so we're drop if we drop below 11,400 we got 11.2 got 11,000 from there We're probably looking at ten thousand eight hundred and ten thousand six hundred supports after eleven thousand If it were to drop through all of those then we'll be seeing possibly ten thousand But we still got the ten thousand two hundred some more of a minor support then we got ten thousand We drop under ten thousand we'll probably hit nine That's the way I'm saying it if you're taking any trades here So for eleven thousand four hundred it is a good support to enter on However, you'll have to keep a pretty a pretty wide stop if you don't want to get stopped out You basically have to go The things it doesn't even make sense to So Usually you would want to go Below the daily low the low of the day, but the low of the day is under the next support and It's over $200 drop. So to have your stop that wide doesn't make sense So what I would what I'm doing I would keep it tighter I'll probably keep it around here 11,300 or you can just play it really tight If you just want to enter the same trade every time You can literally just enter that every time it goes over eleven thousand four hundred just enter it again and It goes drops back under just stop out like it's fine taking small losses. We're not worried about small losses guys We're trying to get the the big one So I use a little small losses, that's fine if you want to keep a wide stop then What I would do Is the thing is since eleven thousand two hundred isn't is this next support right there? I would just average down So if I'm entering eleven thousand four hundred and I don't want to have to keep Buying in and I don't want to worry about stopping out averaging down at eleven thousand two hundred and eleven thousand honestly With the stop under eleven, but that's such a wide stop. I wouldn't take that risk. I wouldn't take that trade personally I'm just saying if you guys wanted to have a wider stop. That's probably what you'd have to do I'm keeping my stops pretty tight Luigi, what's up, man? Thanks for the follow I'm keeping my my stops pretty tight probably between around fifty dollars If eleven thousand four hundred does take off then we're gonna definitely see eleven five and eleven six And if we get through eleven six and we'll see eleven eight We get through that and twelve twelve, okay again so Yeah, so we're looking at about a hundred dollars For the first target a hundred dollar reward So if you're taking a fifty dollar risk You're getting a one to two risk reward And then if it goes beyond your first target you're doing you're more than okay Everything with everything's red today, but I mean that's part of it the whole Equities market was red today the stock market. I don't know if you guys follow the stock market. That was all red today as well Let's go to Ethereum Ethereum many theorem was lovely earlier and went all the way up to four fifteen And then it just hasn't been able to break out. It's been stuck So I'm trying to see the range for this Cuz I know 480, I mean 380 is a pretty strong support here, so It's kind of in the same spot. It's literally following Bitcoin right now 380 is a pretty strong support for Ethereum as you can see if you look back It had trouble right here At that price it was resistance. It'll support here. It was resistance here. It'll support support support resistance support support Support so it's a pretty strong support Now the thing is You can only hit the support so many times before you break it so you have to keep that in mind You see it did it did go way below support here, but it closed Above it or it closed right on it It closed just under 380 So if you're taking a trade here, I would wait for it to go a little bit higher above 380 Maybe 382 would be an entry With a stop, you know Somewhere under 380 Depends on your risk tolerance. Your targets are gonna be 385 390 395 400 those are basically the it's basically every five dollars. It's been having trouble. I don't know why if you look at it It's moving in and five dollar increments. Yeah, so I'd be looking 382 entry 400 is the ultimate target, but I'd be taking profits on the way there Let's check out MKR Requested by chipmunk. I'm guessing and trading it trading it paired with USD or are you trading it paired with? Yeah, this looks good. Yeah, man. This thing is on fire It looks like here Yeah, so 630 whole number Psychological resistance there And then of course 640 psychological resistance again. Yeah, man, I'd be taking profits probably Sometime soon if it starts dropping back down before 635 and then I'll have Breakout entries above 640 and if it drops back down Then I'll just be buying back in 600 is probably a good entry But yeah, it's good man. It's definitely gonna get through there Just has to get some more volume probably. Oh, it's at 640 right now So that's that's basically gonna be the breakout right there if it gets to be 640 it could definitely break that and Let's see. Let's see what target it could be if it gets through there looks like 680 Yeah, so probably I would guess 650 will be another psychological resistance and then And then 680 looks like a point of interest up here GBTC That's the grayscale Bitcoin trust for those of you that don't know so GBTC is basically If you don't if you want to Invest in Bitcoin through the stock market the way to do that is through GBTC so I Have I ever I don't think I've ever invested in GBTC Because holding GBTC you don't actually hold bitcoins It just it goes up and down it does go up and down though It is pretty much correlated with Bitcoin. It goes up and down with it So it's it's pretty cool. If you if you don't want to deal with You know exchanges and worrying about getting hacked and stuff like that but you still want to You know have some of your portfolio in Bitcoin GBTC is a good way to do that So I'm looking at let me go up to the daily Now you can see it's it's pretty much the same a very very similar pattern to BTC Except you have all these gaps. The reason you see so many gaps here is because remember GBTCs and is with the stock market. So it's only open from 9 30 a.m.. To 4 p.m.. Eastern Standard time so everything else is and you know the cryptocurrency market is open 24 7 so Everything else. It's It's gaps But yeah, you see similar pattern here. This was a bull flag bull flag breakout Consolidated now during the consolidation period. It did go drop a little bit lower And then it just took off again. So it was take off from nine ten dollars to 15 almost 15 Yeah, so after here next targets are is gonna be $15 psychological target Looks like 1570 $16 I'm sure it's gonna be another psychological Remember whole numbers are always gonna be resistance and support So always just keep those in mind. So like see right here $16 $1650 $17 those are always Gonna be psychological supports resistance. I mean doesn't there's not really any You can't really get too much from from looking at these charts So if you are trading GBTC, I would just be more more so looking at Bitcoin Because this is just gonna follow Bitcoin and this has a lot of gaps in it So it's it's gonna be a little bit harder to read What in the world is playing right now? Sorry guys, I have like a random playlist of music that you know is not Copywritten or anything Or it's rewrites whatever you want to call it Luigi to both. Okay, cool. Yeah, man There's actually a lot of different Stocks in the stock market that just follow Bitcoin that are just very correlated with it. I know GBTC I know another one's raid Can't remember the other ones also any any of the chips like Nvidia What's it called Forgot the other ones, but any of the chips are also pretty correlated with the coins sometimes not always All right, let's look at a bch. See what where bch is that? If you guys have any questions just drop the question in the chat and I am more than happy to answer if I can bch same same pattern same pattern as Bitcoin it is just Correlating just following it if you look at it. It's a bull flag same pattern so here It looks like it's out of support right now So 280 seems to be the support here. Let's zoom in a little bit. Yep So right here 280 is a nice support here. If it does break down 280 though. It could have a nice little drop-off Looks like 270 is minor 250 is probably gonna be the next one. I would guess. Yeah, right here 250 yeah, so Below 280 where we might be looking at 250 as a next support So you don't want to See how low it went here went down to 269. Yeah, so 270 is that other minor support that I just mentioned If you're taking the trade here 280 is the entry basically Or if you want to be extra safe You can go a little bit above this maybe above 285 probably If you enter 280 above 285 with a stop under 280 And then you're talking about your targets are gonna be 300 it's gonna be the first target 303 10 300 through 10 320 If you enter at 380 You want to have about a $10 stop The thing with a $10 stop though your first target is 390 So we're talking about a one-to-one risk ratio because this live Instagram live is tripping out um Yeah, so we're taking a 280 entry Probably gonna have to do a five dollar Um, not even we're entering at 280 I'll set my stop like at 277 First target 290 Second target 300 third target 310 and then um Leave a runner for 320 Check out ripple anybody in ripple It has not been doing much It is stuck Basically, I think last time we we spoke about it. I forgot where it was last time I think it had to be around 26 27 Um, so yeah, so I just don't I don't like this pattern man Like it still is kind of a um A bull flag, but it's like it's so weird, you know what I mean? Like it's still a bull flag But with a pretty steep drop You're probably pulled up Let's me put up one of these So If we put it up here, let me see 2,800 So it looks like 2,800 was the number that rejected it So if we put it up here, there's a Fibonacci retracement tool Oh, no, I didn't mean to do that switch back to this um You can see here That it's literally Using the support right on the point 382 Um, so if it does use this as support and this is also the 2,500 area 2,500 is a little bit higher So look it looks like it's uh retraced Down to the point 382 on the fib So it could be A possibility to buy in here, but um I am I am invested in ripple long term. I'm not really looking at the short term right now Uh, I do still think it'll it'll get back up to a dollar It's just Like everything else it's kind of correlated with With bitcoin right now leave that there. Let's see how that does on the next the next time we look at it I'm gonna look at LTC Then we're gonna look at uh Probably look at Link and a lot of people have been asking me about chain link and tezzels If there's any other anything else you guys want me to go over let me know I'm not very excited about light coin. It's just Not really much to do here right now. I mean for long term purposes It's cool but Not really much to look at here. They're cardano ADA beautiful bull flag This is on the daily too. Let's go down to the four hour Sitting right on here Yeah, so there's a good support to enter right here This is zone 1200 zone looks like around there. Yeah 1200 zone I would wait to for it to go back above 1200 by the breakout Probably We go up to about 12 80 to 13 You got you got rejected here last time at 13 got rejected at 13 And the next one is 13 65 1400 That's 13 80 Yeah, we could definitely see this run back up Overall it looks good Link's been on fire man. I've been in link for For a while. Let me skip this Skip this song All right, um over here Yes, another bull flag guys so Good to enter I'd be looking to enter around $12 50 cents It's a pretty good entry if you can catch 12 dollars. It's even better But it looks like it barely nipped that probably for like not even a second. It was probably there 1250 good area $13 is going to be a minor Minor resistance Um above 13 You could probably buy it as a little breakout entry And you can expect at least 14 from there So about a a dollar profit. Yeah, I'd be I'd be buying around 1310 probably With a stop It's kind of wide 1275 25 cents stop But we're talking about you're looking at about 40 cents So it's about a one or two For your first target Second target you'll get 90 cents Third target 1450 Above 1450 is a breakout another breakout. So I would be buying there again Tezos x tz Um, it looks like over here's the same thing man A lot of a lot of these coins have very very similar Charts right now So it looks like so basically what happened was the charts the altcoins Took off a lot of them did And now they're just kind of cooling down as bitcoin gains back some dominance Um And I think they're in for another run That in 2017 that happened all the time. I don't know who was here during 2017 run, but um This was very very Common theme over here Just a bull flag And take off so support here Is about 370 it didn't it didn't even reach it 375 the 370 I would want to buy at 370 375s. All right Yeah, other than that, I wouldn't buy anywhere until it passed four dollars I'll buy a four dollar breakout You could expect It looks about 40 cents 45 That four dollar breakout is what I would buy keep a stop under four dollars And that's pretty much it for that man Doge, I was getting a lot of questions about doge about like three weeks ago There's a thing with doge man It has no purpose So yeah, you can make money off of it But you got to understand what you're investing in Is nothing it's a troll so If you're if you ever want to buy doge The levels that you're looking at is 25 satoshis Right here Anytime I've ever bought doge is at 25 satoshis If you look at it Long term it's been a pretty good area Over here. This was what two years ago 2018 Yeah, this was a buy area from 2018 We bought right here And look at the results We have bought here This was 38 ish Took off to 60 probably 72 And went back down right back down into our buy That time it hit one time. I remember that Fun times man But you see then I dropped back down it dropped back into a buy I think we try to play it again. And when it broke down, we just got out of it Hasn't really done anything else since it did drop way down here Then went dropped to 22 went up to 37 It's been around 25 for the most part except this one week that it went from What was the low from 24 to 60? So I had a bunch of people asking me questions about it And then a button what sucks is a bunch of people bought up here And look where it's at now So that's why I always tell everybody know what it is you're investing in because This has no purpose just a troll It has patterns that if you follow the patterns you can make money on them Um, but if you don't know what the pattern is and if you're not playing the pattern if you don't know what you're doing then you're Basically, you're probably gonna lose my trying to move this over here my new buy spot Here's my new buy area. Let me see how high do I want to just keep it right here. That's the new buy area