 All right guys, welcome back to another stream. Hope you guys are doing great We had an interesting day yesterday nothing sort of too much in terms of movement upwards Kind of sort of disappointed with that. I mean, we clearly had sort of a set up That was tailored towards potentially taking us a bit higher but it looks like they sort of decided to take New York and do nothing with New York and And move sort of into the lows into Asia Let me just There we go You can see it here. So we got that sort of pin and retrait back to here That's sort of where we ideally wanted to go long and we ended up getting that off But it's just no movement really Coming from the upside the whole of sort of New York not really moving markets at all As you can see just basically you got nothing out of it Asia just ends up coming in setting up low and just spiked a very large sort of low down back into sort of Just above sort of the major quarter that we're sort of trying to defend as a level to be bullish at 22500 if you remember that from a while back I mean it did recover nice little sort of Half Batman or whatever you want to call a choo-choo train outside little structure Pills and leave the station but Now back into sort of mellowing out and this is where we need to sort of figure out what the market wants to do with itself Now it's sort of found itself in this position Looking at this it's already gone back to collecting a lot of shorts Some what newer than the others some liquidations coming in I didn't think we could get This much liquidations out of sort of the moves that we had to the upside but again, I'll be damned It looks like it was enough Considering yesterday we did have sort of scattered a lot of longs coming in But again majority overwhelmingly sure if you get rid of that you can see just billet before the break I'm even bring that back into sort of actual New York Just before the break still sort of heavy offset on this sort of long so Kind of missed opportunity. So it's just something that hey, you look at and say Try to figure out the motivation for the next move because it's something that came through show You got a nice little triple top, but It really didn't make sense to break this low And introduce a lot of liquidity, but hey, they're the people making the market So they know what they're doing and did pay off. I mean not really not too many people Re-entered into this probably due to fear. I think that was The main propellant of this move down. It's just fear We'll still kept this bit up and you see multiple areas where they've added subtracted But still the single trader coming in very hot and bids didn't really hit that by now So interesting see if they want to come back for the old reach around for this a low if not, I think we'll probably Get yesterday's move that we were expecting today in the form of that upswing Recontextualizing this I mean if we pull out our weekly range from high and low There we go You can see that 50% just coming in and you can see where it settles just above to enter into that long So, I mean we miss one move get another so that's why you guys shouldn't really beat yourself up I mean sure it's a this is a lot better to grab, but if you can't grab that just grab the next best thing It's always it's always good to settle Somebody's got to take me. I don't want to even finish that Yeah, cool Why he's got cross. No, yeah, no Monday came in. I know Should be much tired Work with me There we go So again, we're protecting these sort of points here. We only really took out the Monday high On all the weekly high as well Came back down back into sort of Monday's where Monday's high ends up raining out Evening out again sort of that weekly sort of the area range here is sort of coming in sort of very tight So we want to look at that and just say, okay, that's not that's not too bad in terms of bushes It's something that you want to look at and just say, okay, look looks great It's not too bad. Not too overly sort of hectic out of here Remember today is I think decently patched with news if we look at it, I mean we should start having them in the next five minutes, uh core Core price index Personal income personal spending I think these will sort of Take maybe what the Fed will decide to do in In regards to interest rates or whatnot We'll keep our eyes open next one minute. See what news we get coming out of the embargo lifts So the price is just waiting But again general from see what price is doing respond in kind with the opposite Summary pricing here, but if we come back and look at sort of where es is at es pretty much followed Where we wanted it to follow came back into this hour took out that liquidity point here I even took out this sort of lower liquidity first candle came in you can see that second half sort of trade And then the next half so you see that these two out essentially our here within these two hours Within this two hours just came in trap shorts and decided to bugger off into this sort of high tapered off all the way in asia No real movements. That's why again that move coming out from bitcoin was surprising to say the least in terms of Why it just didn't consolidate again probably just some repricing That needs to be done. I guess was the actual In regards to the actual bitcoin I think all eyes should be on es in terms of where it decides to end up moving If it ends up web storing down As the first movie we could sort of take that as a plea to sort of Trade that Retail is probably trading this as a nice little Invest head and shoulders. I guess if you do that so we see anything above This area What is repricing? It's it's where they have to sort of So let's say you have a news release and it's it's not where they want it So they need to get a certain price target. So it's so they force the market to do a certain thing So, I mean like, uh, we're gonna see if I can find some examples recently Uh Yeah, I'll be instance where Uh, I think when we have yeah, we have probably had news here. Uh, that was what 18th of june Uh, anytime we get a sort of news, uh, let's grab 18th june here where you see look this moves down But again, they're moving down together. Let's say instead this decides to move here But bitcoin moved down aggressively because it needs to move into a new range Uh, because it didn't really didn't need to be up here Because it was, uh, baked out in for old numbers. So they drop it down, uh, very heavily just to get it Back into this and they move back into one to one It's just relative to where es is moving in terms of If it's going up and bitcoin going up, they're really happy But if they need to sort of change price, uh, change the price of bitcoin without without the help of es Or uh, or just move into a new range because they need to get it positioned Uh, for the next move coming out of the market Uh, without going to overboard they'll drop the price down or drop the price higher into a new range and say, okay That's the range now we'll get uh, we'll We shifted it now. We just got a console day. We shifted it now. We got a console day and so on Uh, it's just it's just simple as that you can see that Where es, uh, ended up going up high Uh, consulting bitcoin ended up consulting sidewards dropping down and just, uh, coming back into here. So They just say this is the area Who's they, uh Whoever runs the market, uh, i'll note Uh, it's just a collect. It's just It's just a person who makes the market. It doesn't matter who they are All it matters is they exist, uh, and and they And they are sort of other people that provide liquidity to the market. So it's just the biggest player usually Or a collection of traders. Let's see. I don't think they're coming in You See it's continuing down. We'll see if he has is responding in the same way Uh, that again not really too much movement Uh, we'll see that I'm coming in from daily. I mean Probably looking at this as a double top. We'll see what ends up happening today Uh, in the next couple of minutes to sort of clearly define this area But we're just trading in this sort of larger range. So this just ends up being 50 percent Uh, so it's just sort of pivotal, uh, that we sort of make our minds in terms of Uh, if we trap liquidity up here, we're almost likely going to go drop below So you want to really move away from this area or look to sort of undercut just below Before moving up without really moving too down. If we don't do that, we'll look for it to Uh, sort of price back at least down to there Uh, no one knows people. Oh, yeah, it's it's just banks. It's just like say Barclays Uh City group it's just They're just the largest traders. It doesn't it doesn't matter who they are Like it's most most of the time. It's just banks like if you've ever wondered how Like how banks interest rates work. They just put it in the market and just trade these so you'll have And it's like super simple like uh banks just print money. So let's say you put in uh, like 1000 uh into your bank and it's uh, it's uh an account that Grow has interest say they say 1% Bank says, okay, cool. I see 1000 here. Let me print 1000 And and of monopoly money and and and put it into Our sort of portfolio to grow this 1% so that if they make say 14% you get 1% you're happy They're the cartel shalom shalom Are you trying to get me banned? shalom Up it goes. Uh, so clearing away slowly. We'll see how uh, fast they move away Uh, it's a decent amount of sort of uh volume at the bottom Yeah In just finding your head on top and not really Just coming into this area not really bullish, uh It looks like uh first uh first legs up the most part. We'll see how far they extend it. Uh, we've got an entire 12 minutes for this candle to settle and it's already doing a lot of stuff, but We've got decent amount of longs new new longs populated into here Some liquidations on the shorts, uh from this area here where people entered shorts, uh, but in not too many, uh That will classify so it's relatively safe to say there are new longs in the market In the way of forms here So we see if they build it up or if they try to target the excess amount of shorts they have here, so If we're sort of looking at that and looking at yes, we want yes to sort of really explode, uh Like we wanted to coom I into higher grounds uh And like really break high that will sort of give cause and give rise bitcoin to actually Want to do something, uh And the market sort of try to recover. We'll see what the numbers are saying since they're printed Uh, there we go. Now 0.3 percent, uh, let's see personal Incomes down, uh, I mean yeah previous 0.3 this if wanted to say the same For personal all spending Jesus uh Personal spending us dropped 0.2 percent month a month uh in december worse Then market forecast of a 0.1 percent fall following a revised 0.1 percent decline in november Uh consumer spending is cooling due to high interest rates and price for goods and services and the holiday season wrap up Spending fell for goods namely gasoline motor vehicles parts services and housing Transports and healthcare interesting I think the interest uh finish bank was there Yeah Yeah, uh Yeah, uh, that's again, uh central bank sort of they set the price uh for like all the major currencies So like they wouldn't be in the bitcoin market, but they'll definitely be for uh forex and any us to nominate pair So they central bank would be your market maker and they'll be the uh people delivering you the price feed so Uh in that instance, you'll call them they would be the they in that instance But it varies from market to market It's just the person with the highest amount of liquidity that you call they Shoot Now I know you're making stuff up. I'm gonna have to go and coin deck This There we go God damn night market You talk about this you're trying to tell me on the shit god damn it man. What happened to you? You used to be so great now you've Divert divulged into shit Uh, no I mean coming back in there's there's that cool off that we're talking about we'll see Uh now we're sort of looking to see if they defend this area here. They choose to defend this area Uh, or probably bullish, uh, more so than bearish But if they don't choose to defend it, we're probably Looking to uh, watch this sort of decline again. This uh, this bed looks very big very tasty single trader by the way Uh, just coming in very hot so Every handed trader Uh, it's been there's been active. It's been showing for a really long time. Which again Uh, usually isn't the mo but You can see the constant addition to this area. Uh, so it's not it's not something to be taken lightly When they came in And just kept adding She is uh You want it's really much god damn it man. Now you I know you guys are trying to make me get banned Uh, can I do divide I can't do divide. Uh, I don't see how how do I do that again I have to consult the manual Make them double check btc divided by Uh, uh Yes, let's see if it works this way. No, was it equals? btc Over No, I can't remember. Uh, I have to do on trading view then Each training view just makes life easier. There we go. Oh the schmickle Uh, which one which way do I want it if forums like this if I divide it inverses and multiplies Uh, I want you the chic on top I have to do the other way then see this I don't I don't know these you have to be this way I buy No, there we go. Ah some not really Damn uh No, I have to do this That's what makes me do work like the one thing I don't want to do uh Okay, look at it on daily It's daily I mean you can see where bitcoin rise and it's inversely Nice sort of calling off here. I mean You can see yeah, it's sour support But if you're looking at this as a correlated pair, who knows maybe Maybe some Comic jokes. Okay, I don't I don't want Okay, I still want to live a life Nice any any other Any other race any other sort of uh Anything else man It's not it's not Israel man. Come on You see what they do to Kanye. I'm sorry. Okay. Let's sort of stop these jokes. Uh I mean rising proportion is disproportionate in some instance you can see where it's sort of declined. I guess, uh inversely where Uh, every all the Israelis decided to buy bitcoin No, like oh cool. Now the currency is repair in repair We'll see if they comes back and then this sort of sells off. Who knows Okay, enough of the jokes. Let's let's sort of get into sort of serious things. Uh, if you want to look at uh Where is it If you want to look at sort of uh divisibles and correlations there you go Here's your ratios of a spies for sectors and stuff like that Uh, have I shared this before pretty sure I have Uh settings You think the coin was created by There you go. There's that uh There's that for the other things. Let's I don't know if you can see it. Uh, but It's trading few dot com forward slash There you go. Uh for those in In thinking that that's our risk and there's your ratios. Uh, there's the ratios that you would ever need, uh for sector analysis analysis Uh, again, uh, if you want to know what they are, uh, the easiest way is just Look at these just type in type in this is just Correlates to each sector. There you go. There's utilities. You can see utilities. Just took a Slap got slap versus ds everything else That's it's a very confident this I would definitely recommend looking at this Uh, especially sort of this part, uh, this goes heavily Overloaded in terms of which sectors outperforming which then you can sort of Figure out what to trade based on sort of sector performance. Uh Again You can familiarize yourself with that. There's there's a sector you need for bitcoin is technologies I can see technology's been performing outperforming, uh, the rest of the index Uh, so that's good news for bitcoin, but it's coming to a point where Uh, it could sort of mellow out and sort of reject here. So if it does Probably look at bitcoin bit. We're really wobbly So on and so forth, but yeah, there it is, uh, you can do this by yourself again All you got to do is uh on trading you just go Whatever, uh, whatever you want and you divide it, uh using the divide button. You can also do this, uh Uh To find a button you can add multiply, but yeah, just to find whatever you with whatever you want Just remember with uh any sort of It's like basic mathematics, uh Like if you if you already have a That's denominated in something else. Uh, for instance btc Uh over usd Uh, and you try to divide it by something else That's also denominated in something else or uh, it's a usd Over like with that schmeckles that we had whatever Uh, this ends up just, uh The correct Correct way, uh, and the usd cancels out so then you get bitcoin over this So it's it's just remember that it's just uh, you remember like anything that's Already denominated uh in sort of a pair in uh currencies like usd t is uh It's divided by something else already and you gotta keep the currencies the same morning morning Otherwise you're left with weird ratios and you're often left with false data Yeah, it looks like it's trapping highs. I mean it doesn't look too good for it Uh, looks like we might make that break for lower Just obscene from the looks of things I mean you've got all these shorts here. I mean if you just zoom in just recently like still all this short volume here just Damn, man, this is like next level greed basically I think so just someone wants to offset a lot of sport orders relative to uh to the future So someone's like shifting so it makes sense to sort of try and go for lower but but it's just looking at the flow of things just that really, uh, Isn't too nice basically from a standpoint of just pure sort of uh Water-based stuff We can have a look at sort of what it looks like on footprint wise Uh, you can see again you can see the large trades of shorts that come in Here are these lows. I mean at the previous points as well just Every every single point just says oh, there's short. There's short. There's a short everywhere the short Had the candlesticks actually There you go There's all those red dots are large short traders getting sort of trapped so Move away from here sauce Looking very aggressive basically But you can see that as a shift in where we're spending time now was current sort of No current day. I mean shorted all the way up here, but you're seeing You're seeing time spent here. It might just end up pulling itself lower Which would be very annoying Yeah, this there you go. You can see where we have these littered Just all these sort of short traders just at these bottom. So you know You're close to your reversal when you get these short traders, but Again, this just been trading in a nice little range for us For a while now. Uh, I mean starting from this bottom any time it broke below You can see that they haven't failed to sort of capture that and sort of 50% as well below that you're still seeing Some short traders and it's slightly off. There should be around here somewhere, but I digress In still showing Is uh, heavy sure on everything I see I mean sort of offset sis. I mean all of this out that market by then Anything to do for frequency lag and sort of delay me Uh, no, it's just such a it's annoying thing. That's why I use you That's why you have book map because this this is delayed and it's just annoying So it's good to look at a path data, but past that point it's just like You can't trust it like it's it's uh And there's a problem as a servers because they are there are they are a russian company Yeah, it's a really good piece of software and it's free and everything but Past the point of it's just this is you can't really use it to Uh and turn to trades like on the fly. It's just more Uh confirmation bias, uh Uh at this point, I mean again book maps usually serve the same purpose and Uh where it does but more on a short term scale. So Get used to looking at dots In love with my layout, but the delay I feel you man Yeah, I can't do anything about it Uh, let's say start moving servers closer to exchanges and I think that I'll drop latency, but Uh other than that, it's it's it's nothing to be done. It's usually Uh data lags are usually caused by one or two things either a lot of people are hitting that data point and it's uh timing out the request or Uh, it's just you're you're too far away. Uh, so you have that build baked in Uh latency Same thing could have said with these range drops take us a while for them to sort of uh formulate but Usually it's if you're on candles it's instant in terms of finding uh points Game over man game over Uh looks like it's it's down, baby Yeah graph is bigger. I mean Yes, probably wants to do the same thing. Uh, we'll see if I mean look at that just like in the collection of Uh, there's your little Think conductor says price needs to go down. Maybe See how far they take this uh, and or if they just shift back into sort of uh lower price because The going below some point you start releasing a bunch of short traders Uh into this sort of mark. I mean, I'm sure this got rid of some But I don't think you got rid of all of them. That's that's my that's only the my only issue Just this move up. It's it's aggressive Uh, it's it's what we needed and as was expected Uh, but I mean the magnitude just fell short for me I mean just trading in here. I mean, we wouldn't call our game over just yet Uh, we still have sort of time to uh, sort of meet Expectations. I mean there's sort of your area where we've sort of pushed into And I think anything uh in between here. It's it's still making up his mind for the most part Uh, if it breaks higher Maybe could be something like that. I guess or If we meet into this I mean, you still have 10 o'clock. Uh was in an hour or so to make up your mind Uh, so just don't don't uh, don't count it out just yet because I mean sure you want a shorter short looks like a short Uh, but it could be one of those uh fast in and out moves. Uh, like the one-minute men thing like You versus the guy she told you not to worry about things Uh 10 o'clock you got pending come sales. Uh, I expect this to be more bearish data. Uh, for the most part Again if spending was down, uh And income is down as well Uh, it just shows that probably looking for down east especially personal spending around the holidays you would expect it to at least, uh Meet the same or more Uh, then uh, November uh considering december is is usually uh when people like spend so I mean If if that's not a sign of recession, I don't know what is Like it's just I mean come on Like us is clearly in trouble. They just don't want to admit it Uh, uh, why not let's look at some currency pairs Uh Why don't I always just throw me around? I mean nice little Just vibing man just vibing Uh, nothing more to say. It's it's just vibing It passes the vibe check Another thing to look at currencies. Uh, this is a nice thing to do again Uh, the divisible is usdT. So Uh, this going higher is usually bearish for uh most other things if in Uh, uh, you know in a in a vacuum Uh, because no in a vacuum in instances where Uh, the pound stays uh stationary, but The us, uh dollar looks weak Uh, so It's easy to happen. I mean, it's just Just between a rock and a hard place for the most part Uh, uh took out the lows rose rose high Uh, just trapping volume from the looks of things here We'll see if they want to retrace this Retraces back low, but I mean you've got these nice little bottoms here So they might choose to sort of taper that area off And then sort of revisit and I think if they can catch if you can if they can hold here they can sort of uh Probably catch a bit higher Uh, all things consider the thing. This is where you consider It either a make or break for it. Uh, and again if this ends up going higher probably spells uh Worst things for the Dixie and inversely I mean Dixie has Slowly been going down over the sort of four hours. I mean, yeah, it sort of makes sense So I mean it's out of position where it's it's out of low. Uh, it's trying to catch off this. Uh, so we see if they uh choose to Reject off of this here and continue this downtrend slowly bleeding out as the dollar ends up Continue to crumble all the way down to here This will probably be a nice rise in gpp uh, and and Likewise to everything that's uh, uh, divisible by the usd Or just looks weak. I mean Inversely we could uh see uh pounds just fall through and this just continue back up and retrace back into a higher point That's still within sort of the playing fields. Uh, we have here so in a nice little catch Where everything sort of goes down, uh, then then they continue this sort of bend back down into Sort of the depths of hell So interesting by ours for our not showing I just haven't had the marked. Okay Is what bitcoins all of years? I mean you see that spike and you see that drop that that Asia drop here just comes in back into this area where we have that insane short volume that we saw on book map Holding it, uh, steady now. I mean same thing here. Just holding that steady. That's That's your, uh, defend. This is where bulls Sure, uh, if they choose to defend they should defend here If they don't choose to defend, it's probably game over from from that perspective. It's probably At least trying to recover 21 500. Uh, I mean Worst worst case for bulls they get on a short chip into this to take out any long liquidity before actually moving higher Uh, because they really haven't getting having haven't been getting all too much relative To what they ideally want out of it Again draw out the range where we see the volume is and you can see the volume is from here to here You can see that ends here. So we don't really care for the wicks see that wick above aggressive, but it came back Into that area where we traded that volume same thing here. So it's a very sort of tight area very sort of Peter trottering within that 50% margin here That's something that you want to look at retail probably see something Different we already talked about They're looking at probably every every time it breaks below to short it and time breaks highly longer Yeah, it's still trying to silence mine. I mean, there's not really too much to add into today It looks like a pretty sort of personal point for it Just waiting for the market to decide which side it wants to take. I think it's probably going to take a side of blood so We'll see A nice little addition of that wall here. You can see that plus 500 as soon as price cleared this area here again If this chooses to stay here, we could see that as a nice little point of double top but The ever so ever so present Fancy 500 looms again that point is where we want to defend anything anything sort of Closing below in terms of coming below breaking and just looking like that is something that you don't you don't want to ever long into so Just be careful Is there anything else you guys want clarification on any coins anything that you guys need? Are you guys happy with everything? I mean you got various new cities printing out bearish news I'll probably just Look at cities track record real quick And you can see that right. It's slowly comes to that top area uh Is city group I mean they're saying by I mean Giving out bearish news and they're telling people to buy microsoft. I don't know There aren't some hokum If you're a malarkey I don't think we get out No, just here for morose. Oh, thank you I think the time should I change what time I stream should I change back into the afternoons? Like around like whenever an else has the turn then come back What do you guys like these morning ones? I'm I'm just like I'm not like I'm like A lot of people are open streams at this point. So it's a lot of London open Jesus you wanted that early? Now I can do London I'll see uh Convince book map to do London open and I'll do it And what it's like what 3 3 30 a.m. Because most of the traders I mean they're global but like new york wise and Like the good old days like the good old days Good old days Actually, uh No, the girls days was video London open and stream at like A lot of new york clothes When I have more energy, yeah I don't know. We shouldn't be getting a flat day Actually, yeah, I mean if we do get a flat day it's it's We do get a flat day I think you think they're just waiting on asia market to do something so it's something that They'll move in the weekend. So I don't think bitcoin will be flat if the s is flat today But it shouldn't be flat All things considered Uh, I mean, it should be pretty aggressive today Like they they sort of how's sort of price have got a lot of full trade open trades So for that the honey and streamers live during the Asia opens only clown streams Uh, what time is age open? He opens like a And Like I probably can't do it I'm really bothered But it just have to have have to just really Configure my whole life And everything that I do around you get It's the age open like 1 a.m. That's 1 a.m. My time Are you so that means no more partying no more going out? Uh No I mean london opens at london open. That's wake up. Uh when I wake up chill Uh New york closes at 9 p.m. It's a nice little evening stream for me That's so nice because you can just predict full site like ah cool age is pro if age gives us this London will give us this and so on Work in the day in advance instead of oh, yeah, uh, new york's making up his mind. Uh Let's see what it does It looks at my watch. Oh, yeah, it does something Maybe I have to do more streams Uh keeping this here seeing that drop. I mean that builds up. Yeah, it's it looks steady to uh drop lower Uh, no surprise there. We'll see if we get like a nice double bottom coming in from new york Uh, so then push push start A at least a re-trade back up to here Uh, we'll see what ends up happening. Uh, because yes, it's again interesting, uh from a retail aspect because it's sort of Renting off and we can pull up the trend lines. There we go Nice little sort of trend line. Uh, it's sort of following so anything above here in terms of Breaking so as soon as they break it you'll probably get a lot of Lot of willing participants in the market. So We'll see ones up happening We'll go with the candles Uh Hang on this open close This open close data again as soon as we sort of come into here You'll you expect really big rush of buys Especially they'll sort of project it to sort of hit into here Just based off of that head and shoulder sort of pattern, but we're already pretty steep up So maybe fall uh like this. So if we do see new york go up, we'll probably see asia react pretty differently Uh again, uh Shanghai has been closed for an entire week. So uh watching what shanghai does, uh Will be very very interesting Uh, so it's it's probably gonna be Ends up being a quiet day. Uh, just prepare The next two days for that Asia open coming in. So you might have to Stay up late or wake up early. Who knows? That's pretty much all I got for today. Uh, I'll play off uh with some nice Uh I don't think I listened to but that was really funny Uh It is by the Gazeemia. Hopefully it doesn't copy get copyrighted And I gotta give it all to you For a bro day Hey, I like it. I like it my bro day Okay, thank you guys so much for coming today. Uh, hopefully that lifted your spirits a bit Uh My bro day Uh Always have a good jazz, uh, but no Hopefully you guys trade safe. Enjoy the rest of your day Uh, watch out for the moves that we sort of talked about about that potential spike high Uh, I'll probably lead in something but if we move up very fast to something then you want to catchable, uh That and boring Just how I like my women Big I'm joking. Uh, I'm I'm not gonna get in trouble that I will see you guys