 hey hello hello hello welcome back everybody to another stream coming in early today because i am very busy after this and also i want to come in before uh trade reality goes live so i don't know moment it's like let me try in a bit earlier just for today i think tomorrow should be back at 130 though it's not a regular thing this early stream just thought i'd give you guys a full hour but give you guys that a bit earlier okay let's get started with yesterday and then just move from uh from there yesterday was pretty sort of decent day i mean if you look at sort of uh the consolidation uh we reach sort of a kind of consensus that will probably look to go higher and just looking at from the basis of uh just looking at this as a consolidation zone and from here to here you can see that price did in fact sort of consolidate and also give you guys drops uh and even to the new york range drops to the low uh once we work lows uh this much again one two three times you could easily get a rise out of it but with this rise if you were asleep it would have been an unfortunate sort of mistiming where you come in and you're like oh no it's down more than i realize uh so it's that's why partial profits again at these highs or so this asia high here as you can see we reach that sort of trap liquids here before sort of pushing down if we sort of look at that on book map we can sort of see that heavy sort of offset of uh actually let's sort of just zoom in so we're just getting not sort of yesterday's i mean today's information just gets to uh just get the information from yesterday as you can see sort of this area here we talked about uh in terms of where we've been stopping out and touching these loads you can see how it came in second time they came in was a bit sort of on the bi-heavy that's why they had to reach around and come for the third i mean they were rejecting pretty heavily on on the sort of view apps that you could have easily seen this is like okay you know what they're playing with the view app but they're not really taking liquidity and moving back in uh under they're rather uh moving to it trying to trap longs and liquidating those longs and and uh these sort of shallow stops so they're working these uh stops and you're sort of have to start realizing that okay they're sort of preparing for a larger move higher and that just equated to sort of the stop hunt from asia where we took out the previous high and if we go back to it there we go the previous high just coming up just slightly above that so you can see from here the builds up i mean realistically here where we have the majority of the volume that just becomes your resistance from there and out you can see the initial one then your stop hunt and some people might have just took in the short off based on the stop hunt but again i would have not followed you guys if you did that you'd probably want to come back in when you start rejecting it here as you can see and start being more additive and just moving below sort of back to the previous days sort of addition point so all that all yesterday was was just an accumulation of longs then they just stop hunt to grab more longs before sort of pushing down so that was sort of the major structure from yesterday a nice sort of point sort of keep on memory because if you did show early again it's not an issue it's just understanding where you'd stop stop what we in place ideally you'd have placed it on this high and been taken out here which is kind of unfortunate but you'd have to come back in at a later date or time probably around here so again it does sort of hold dividends to sort of just keep your sort of load i'll keep your sort of positions just manageable size and understand that okay even if you did do get stopped out off of yesterday you'd want to come in when we are a lot safer but again yesterday was a clear sign that we were working loads so there was some rise expected we did sort of move into sort of almost i think into sort of 50% of this sort of Monday Tuesday range again i think it would have been up here it would have been a perfect case if we reached so again not always going to get a perfect case but generally you see where we close that and just understand that if you did have sort of manual stops here you see all the volume concentrated at this area this is just to take out stops this is where you have your actual traders at so it's just okay that you know that anything closing around here is safe for you to enter into sort of long positions anything above is just stop hunt so you can see this just stop hunt this but the closes came in the same same thing here we closed a bit lower but generally around the same area and same here where we close up here so once we start seeing this we start understanding okay you know what it's not really sort of an atypical all it is it's just a consolidation range pushed out into a stop hunt and we close volume pretty much higher than to then there was your drop for today so again just keep that for future reference i think is the main thing you want to do that for there's the main reason why we do these yes well yesterday reviews it's so we can get that sort of context from yesterday it's like okay this played out it was the likelihood of it playing out next time is it something that you want to monitor let's say this plays out again and again and again obviously you'd you'd want to keep that pattern again understanding where closes are relative to where wakes are is something that i know that plays out because it's just understanding where the volume is concentrated rather than being concentrated on this week volume was in fact concentrated on this sort of area here and we sort of just move it to where it's relevant there we go as you can see that's a larger sort of volume comes in around here and also where we stop hunt so you can see where volume in fact did come above but again just keep that eat after this of course yeah we'll do eat after this now looking at today where we're looking what we're looking for i mean we see we got the drop down we're printing out sort of bearish sort of patterns so when we already know where in like a discounted territory in terms of market wise four patterns to play out realistically i mean do we have downside available to us i think we might have some downside if anything it would just be to where we've been looking for for the last i think week or two now into actually last week rather monday which is the sort of 1916 500 area we could stop it a bit higher but i doubt we will just because there's a lot there's a lot of greed in in sort of crypto so there's a lot of desire to hold things until liquidation so it might take it down to here but generally looking at sort of uh this sort of bar i mean we're not too uh sad about it stopping where it is stopping uh let's just sit the entire bar there we go it's pretty much just stopping center of sort of bar mass as you can see here probably where we have sort of the majority of the concentration of the volume i'll remove this and just look at again just gotta always gotta refresh this uh looking at sort of where bitcoins walls are as you can see we're just heavy into sort of this wall this entire sort of area where we just liquidate and much some liquidation is not not too much you can see uh actually i think liquidations went off but very fast moving nothing really catching it so it just shows that a lot of liquidations did in fact enter the market so you can see this area of shore where we sort of have this sort of ceiling that's will become support if we start pushing higher uh but looking at things you have this sort of concentrated uh sort of uh foot you definitely see this uh taper lower especially if this keeps uh being persistent so one thing you got a look for is if we start peeling away from this without fully taking the bids off the table and this still stays up we could definitely look at it for this as a future point of reference right now is our current point to say okay this is a high this is where our walls being pulled up when we've been peeling away this is our uh standard point to say okay you know what if we come down we're gonna come down off of this so definitely look for maybe further downside uh currently uh don't want latest news want to see calendars i think today is pretty quiet day in terms of calendar news if we look at sort of where us comes in at 8 30 uh not oh Jesus not oh no it's not a quiet day non-farm productivity not anything non-farm is is uh usually decent uh 10 30 looks like a major time uh got a lot of crude oil uh and just oil related things oils are one of the major sort of market things so we'll sort of want to be pay attention to uh to sort of crude oil so again it might look like uh 10 30 might be sort of today's time sort of say okay if if we do start peeling downwards if we start pushing this down 10 30 comes we can maybe try reverse this but looking at how far we've extended i mean we exhausted uh sort of London think we can easy say uh New York might be happy in consolidating this for a bit longer until until we reach sort of a tipping point where we do finally swipe down uh the only trouble is is fact that we're pretty sort of low in sort of the discounted sort of market so pretty might uh we might be laying traps uh in sort of bearish sort of uh in in form of bearish patterns for instance any bear flags that we are seeing could be very much a a point where we say okay you know what they're just printing this so we go down then we go higher when people start uh buying the break at this sort of uh point here they get liquidated uh who knows the gift uh we fill in this then we start pushing up so that's sort of the only major sort of red flag to wanting to trade this down as if we start moving down and you start seeing reactions where they are absorbing pressure off of uh these sort of buys and you can see the previous week's high um in range high not high high uh but is that this area here so once we sort of fill this in here it could definitely a signal a potential reversal that's sort of your only sort of contention because people will sort of trade this and say okay you know what we're going to go down further to at least here they expected to try take this low out maybe we do but in actual fact they only enter the trade in here to capture the rest of the move so they'll be late to the trade so if anything they'll retrace it back and your entry for a short would be present much higher uh again it's just mythological sense uh what did we want to look at there we go not this uh i don't know what we're on here i mean it was one of the coins that we looked at yesterday as a potential as you can see slammed down trapped liquidity then bounced off of this so again good to give you guys a nice trade okay since holding this maybe we see it try pull itself a bit higher who knows based on this i mean see how far i can go in grand scheme of things but it's it's now trading into i mean traded into that four hour resistance pretty nicely if we start breaking maybe it starts breaking to this 2.3 but we wanted bitcoin not this i don't know today i feel i'm feeling kind of mellow i'm feeling it's agitated look at that sort of bitcoin on the four hour you can see that it's the right one yes futures oh yeah it's the right one we can see where we came down on the sort of four hour to take out that liquidity it's very thin in terms of volume wise we already know that i mean the volume that did exist was just sort of stop out volume you can see the longs did come in here just slightly above so again start happenstance that we may start risking this sliding down and this is where we ultimately were looking for since we've been up here it's been a kind of it feels like a long time yeah it's been a long time uh since we've been up here trying to look for this completion to then pull it up again we're looking at just more of the same things where we see that volume trap here it'll further sort of push down uh sort of liquidity but we know this area sort of a mixed bag of uh sort of shorts as well as uh some longs but majority of that is just a volume basis based on sort of that last work here if you zoom in further start looking at sort of uh just the consolidation area we can see that yeah we do have some longs but again there's a lot of sort of people anti on that short so if you are looking for a uh wrestle on a short it'll be it'll be a push higher into here then your short will probably bring that down because uh maybe that will bring that down further because that's the only way you can really uh justify a push almost straight line is when we sort of capture this sort of area here start building start taking out that short volume that we did accumulate here uh and sort of uh did at this sort of liquidations there I mean because once we have liquidations we do also have people adding positions on the reverse side to catch those liquidations so they need to sort of sell positions up higher so people who are willing to buy in terms of breakout they think it's a potential bar reversal that sort of is a position to you'd want to go short at and this is again where you'd ideally want to go longer pretty sort of decent sort of range to play and in the meanwhile it's a large largest range I'd say nothing sort of too set in stone already we'll look at ETH then we'll look at ES and see if that would cooperate with us in this sort of only our real contention is also absorbing here then pulling down if you start pulling down again just look for that long at that lower levels that 16 around 1600 not going to be too exact here again ETH showing pretty much same symptoms uh prevalent in bitcoin we were striking down uh collecting a lot of sort of short volume but we do have that sort of uh bid wall entered into here so it could go and sort of tick that up higher before sort of pushing down generally you see that sort of slide where they try catching it but fell miserably here it's a lot more short than it is uh long and I think that's just inherent of bitcoin I mean not bitcoin ETH uh it's just it's just a characteristic of it to do that uh again pretty heavy on this side uh pretty much sort of all short volume see it's dropped a lot further than uh actual sort of bitcoin we look at it on a charts perspective it's just missed this by a hair we talked about uh 1275 as a point of rejection and we did get that yesterday so hopefully you did manage to short that um that was more realized on book map as you can see that 175 we need to load in data for this to actually make sense that's one of the benefits of having historical data sometimes uh is you get to look back uh the trick to not having and not paying for it is paying historical data for book map is just keep your book map on 24-7 then they can't just they can't just say no you can't have that data no uh yeah you get you get three days worth of local data I think on the cheapest band so local just means whatever you're whatever you have or you can just steal someone else's uh someone else's sort of log file just say hey yo can I borrow that real quick I need that local history tell it right there I need it and you're like I sure take it but we've got that spike high I mean it's it was what we're looking for as the swing high it's pretty nice that we got it I mean we did have sort of a very large sort of buffer from here to here where you could have I mean DCA'd an entry here and here you'd only have gotten this but I mean you'd have been happy I mean I don't think anyone would have been sad ah it depends on type of person you are but yeah generally Ether did go a lot better I mean it did swing a bit higher but generally it's moving down we can break the wall I don't think so I mean Ether already is at this stage where Bitcoin should be it's moved a lot further down I mean Bitcoin right now is lolly gagging out here whereas Ether already made it all the way down to sort of this point we talked about potentially this uh being sort of a retest so we'll see if that ends up uh paying paying out where we might maybe one more time for pushing up or we just push up but it's yet to be seen I think generally right now you should be in a position to look for longs just because you should already be in a short you're not in a short still look for longs uh just be patient about it don't force anything oh do we oh hell yeah there we go yeah we sort of pushed out now we're sort of looking to see if that was just grab liquidity and if they start pushing down or if they just go for a run uh doubt they'll go for a run from here uh wouldn't make too much sense to do at this time I should you know what if they yeah if they go for a run they'll just go to take out these highs here and we'll see if they just go I mean even down to here because this just becomes uh I mean this is the weekly range send that out then this will just be cement itself as a stop hunt and this should be a stop hunt I mean we could again drop it further I would ideally one here again we will talk about what what we want and first of what we get sometimes we don't get what we want but generally I don't think too much uh I'm not thinking too much of it if anything wait for a retest I mean we still have this to reject off of for today the very large sort of point to reject off of to short down but right now it's still pretty much unstable uh they stabilize territories especially if you start closing here you start building an accruing sort of volume say this is pushing down see what ends up happening with this stop hunt better to sort of look at this in book map uh just sliding high you can see volume was here they're just sliding see if they just if this in aggression move from the v-up traders uh and the v-up traders push uh to here then pull it down just to get the range out of uh oh damn these yeah insane liquidations realistic you can see that all of this push was just from these shorts that were entered in so definitely if it is going higher at this point in time might want to look to reverse that uh and like it'll be one of maybe one of the instances where we sort of pay out this sort of flag to the downside but you have points higher for it to sort of uh cap out how at that we like we talked about uh once we sort of hit those uh look for that sort of reversal it's I think this the most likely is no it's not even now if you look at yes I mean this finally worked for some reason I don't I don't know I didn't do anything different it just works it's a lot more long heavy uh I mean you can see the drop relative to where bitcoin had in terms of stops taken you can see a bunch of stops were taken on this sort of swing sort of hit up a bunch of sort of uh sort of gradual lungs that we sort of look at so this game could look like it could easily just uh black under give you a retest here then push down further I think that might be something that we look at so just wait for bitcoin to react accordingly because it is moving pretty much out of sync but if it goes up you guys are not too fast what's this stuff step it's lucky there we go you can see that there we go there's our support line that we wanted it to trade to he traded to it traded past now rejected our next sort of rejection point I mean our next sort of support levels at 183875 pretty far down pretty much a widespread spread just very wide in general in terms of and not really but relatively one could argue uh yeah I mean we're at the previous sort of volume area here we know that there's a bunch of lungs that have been a sort of collected that this sort of for our mark and over the course four hours hasn't been overtly bearish I mean bullish where it's been collecting shorts whereas this probably did collect shorts it did reject of here so we could definitely see this maybe try continue down to take out these stops if there is a lot of stops in the system could be something that then we bounce off later if it pushes down push down bitcoin there we go you see how we stop high starting to close off here we'll see if that ends up just reversing on itself and just pushing down but in this area I think let's see mark out the weekly range distances from there we go 250 comes in here uh sort of I should think better if I just do 500 there we go 500 500 goes here 250 comes in about 166 so I should do this from here to here there we go uh again already looking like a potential stop on but this is expected distances we might have to get in terms of deviation wise again comes back to this sort of area that we looked at before anything below is just like okay you know why they're just breaking down from this if they do come in early just look for a retest to get into again not holding too much hope for this in the grand scheme of things especially if it goes in and then pulls it back out that's sort of where you'd want to look at in terms of breaking short uh I guess there's not too much to say uh you can keep this a little shorter side of streams I mean you guys you guys unless you guys got questions uh there we go we're moving up faster now collecting more and more for eath we'll see if the yeah a proportional amount of liquidations we'll see how I think eath can have a higher jump we'll see if you can connect a bit higher maybe at 1240 uh there's sort of that push down pushing up probably hit out into the view app there we go push it yeah I think it does push it a bit further I don't know when it ends up reversing but it should start looking uh to sort of start looking to sort of slow down again anything anytime we do it this early it's not usually a good sign uh in terms of directional moves again pushing up into this this sort of thick wall we do have a lot of shorts here from the previous day that are added to this but if we start adding longs again pushes the drive for liquidation because we've got heavy sort of short on this leg so they said okay we know we need to get these liquidations in control you can see the liquidations here here and here so the more liquidations they get the more closer they are to sort of trying to reverse price and push it down yeah there's not really too much to say you guys again guys got any questions because uh I probably need to start I don't need to start getting ready to go out but actually I've got time I've got some time yeah I look at gold it's been a while but again it's just staying in with lines that we've drawn drawn drawn drawn before uh where we did come back to this we've talked about yeah potentially looking at for it to go higher you see it rejected off here one time there give you a retest here why don't you push this higher point here could definitely see this go down if does if this does continue to go down uh stocks may start recovering but I think everyone was talking about a 3000 gold I don't see it I don't think I see it terms of weekly sort of range we see we came up onto this week uh three days spent on this high just trapping pushing down if it goes higher taps this could see it go down much further and just cement it itself back into this sort of mid-range between this area here I think we start looking for it to reach 1731 1713 uh as sort of optimistic not optimistic as realistic targets they'll sort of take out these stops here that people have entered in from these positions because they probably did have sort of adequate sort of areas to enter into breakouts uh yeah again not not really too much to say down the years we've done bitcoin we've done at ETH uh starting to lose steam now we'll see if that steam goes for a third wind fits out into these walls and pushes down uh I'm interested enough interested in seeing is how these been moving upwards retreating uh to some extent they have they've been sort of consolidating a bit higher every now and again but most most of the time they've been letting get hit which is uh nice to see because they're letting they're catching these liquidations instead of letting them push price higher I mean they have sort of a likely stop uh stopping distance in mind before actually taking it down further we already know there's not nothing sort of too fancy going on uh hundred minutes uh let's see yeah not not real I mean 10 minutes until news embargo lives I think I want to wait till then uh probably see it uh actually if you see price reverse probably see in in the after the next 10 minutes so if you do grab into a short uh if the spike hired I doubt it will if it's looking like you want to hit up into here and reject uh gain Monday's low view apps at Monday's low uh with daily view up brother or might see a spike down I mean hit previous week medley medley med see if you go so open again we've got a large sort of distance to cover in terms of deviation wise uh for a stop hunt also pulling it back and to a bullish sign uh anything going back into here is probably sort of bearish uh I don't think it does that I think it pushes down then goes high uh Thursdays usually like to take the sort of countertrend because again you see Tuesday Monday Tuesday perfect create a nice range for it Wednesday just stop punts everybody out let's everyone go short if we reverse back up high could be sort of nice and look for that sort of 17500 uh from that sort of second test that we may have uh been looking for and turn to number wise sort of completes the sort of sort of inefficiencies if we go down and go up to 17500 so I think that's pretty much what I'm looking for for the entirety of the day again I know I'm coming in a bit early so you guys have a lot of time to prepare uh and no excuses and none in terms of what to do is this futures as futures damn also we have a new daily line here so don't forget to add that don't forget to add that to your guys charts at 16 948 it's a daily root support and resistance so we see if that sort of breaks uh I'll see that a lot of time frames and see when that's breaking that's why you need to zoom out and snap every now and again because you guys we end up missing something that we may have I would may have provided us with some semblance of uh information okay and pushing high just taking out these stops pushing back to this area that we talked about could definitely see it go down further that's pretty much all I'm thinking of today we'll see what ends up happening again just remember your set times today are 8 30 which is in eight minutes and 10 30 this time uh probably want to skip out 10 uh I mean we've got uh the the bank of Canada's interest rate decision interesting to see uh if uh if canadia can affect people doubt it can because remember canadia is an imaginary place full of imaginary people and ignore it you can't hurt you uh other than that not real too much information we'll probably might get that whipsaw from 10 to 8 uh 10 to 10 30 uh but generally if we're sort of pushing down push down uh at that 9 30 push it back down maybe 10 30 gives us a a better sort of uh rallying pressure if anything for today thank you guys so much for coming uh hopefully you guys this has been helpful I know I'm cutting it short uh again I've got skill to the doctors so I just can't I can't sort of missing this one so uh I'll catch you guys tomorrow uh on the normal time which is uh at 8 30 EST instead of at 8 o'clock to 8 30 I know weird uh but enjoy the rest of your day guys if you missed the solid stream make sure to go back watch it there's a super chill stream today no insanity uh but enjoy the rest of your day lovely folks and I will catch you guys tomorrow