 What is going on ladies and gentlemen and welcome back to another Bitcoin daily video today We are talking about doing a quick recap on what happened over this week And and we're gonna talk about a little bit of you know trade setups that we're looking at for the weekend Like we usually do on Fridays. So let's jump right in man. Let's not waste any more time But before make sure to like and subscribe to the video man like and subscribe hit that notification bell and Make some profits. That's all that's required to follow our channel. You got to make profits So let's jump right in guys. So let me make sure you guys can see what I see perfect All right, so let's go ahead and take a look at what happened this week So last week we spoke about this big bull flag, right? And as you can see it played out just how it was supposed to accept it broke down versus breaking up so You know You see the the consolidation here after the move up and then boom here is a breakdown right here So it broke down. We've gone as low as let me see we're at one the daily chart right now And today you can see we have a new lower low And that low was 17 563 So remember we did speak about a test of these lows When it came to The futures so remember the futures market we had that gap up. Let me see I think it's on the four-hour chart that we can see that. Let's see Yeah, so here we go So here's a here's the gap up here, right? So that gap up came from what there's about 17,000 so 17,000 was the low for that gap up and we've ever since if you guys look at this Chart ever sense that gap up. We've slowly been grinding down So it's a possibility here that that what we're currently doing is Filling this gap. You see how we filled some of it at this point But we still have much more to fill so the the field is is around down here in the 17 6 area Below basically So, I mean, I guess it was at 17 6 Let's look at the daily on there So what day was this? This was November 20 27th right so November 27 Take a look at that day on the daily chart here Um, so this is a 27th. Yeah, so the 27th We ended this with a gap with not a gap down, but we just went way down here, right? The close of this was 16,000 925 and then the open of the next candle was 18,000 275 right so the close look at the close 16 925 the open 18275 and you'll notice that ever since that open that gap up. We've been slowly grinding down so we spoke about this when this gap up happened and We said that it was a possibility that we had to fill this gap Before breaking back to all-time highs. So that might be what what is happening slowly here in this in the market Because the as far as news goes the news has been, you know, everything's been bullish There's more money more institutions coming and putting money into Bitcoin Micro strategies just said that they're putting more money I think they raised like 600 million or 500 million something like that To to add more to their Bitcoin position All sorts of CEOs of huge companies are talking about Bitcoin being the replacement for gold So, I mean there's a lot of things going on in favor of Bitcoin yet, you know, we've been kind of going down So I Believe that it's a possibility that we must feel we might have to fill this gap up Prior to breaking these highs, right? So let's go back and to over here This is the daily chart here now that for the daily chart We do see that we had to push down, but we had a bounce up So at least that's a little bit of optimism there We've had a bounce back up after we touch these lows right there. The lows was like in that 17-5 So what am I looking for here? So I definitely We need to see this is a 20-day moving average. So we definitely need to see a cross up on that, right? I don't think Without a cross up. I'm not sure if I'm interested in any trades Let's zoom in a little bit more. Let's go into the four hours This is usually where I like to really look at the trades. I'm gonna take So if I'm looking for an entry here for the weekend, my entries are going to probably be above these highs here So 18,200 is probably a breakout entry. I'm looking for above that So if we break above that, then I see a possibility of running up to 18-4 which is where these this 20-day moving average will it will meet it So 18-4 to 18-5 is where I can see that running up to Before possibly getting rejected back down So if I want to play it safer and I don't want to do that 18 200 trade then I need a we're gonna have to need a break above this right that this candle right here And this is about 18,600. So that would be my second Breakout entry for Bitcoin. So the two entries I'm looking at here is 18,200 a break above that or a break above that 18,600 so both of those the safer plays above 600 You know that the eight the 18-2 is still a little risky because it's just so much consolidation going on here As far as if we continue to drop down Then that that support entry I'd be looking for is 17k because that's where that That gap up is right. So I'd be looking for something at 17k I'd like to see it drop under it and then bounce back over it And that would probably be the entry that I'm looking for here as far as the support entry And I'd be playing that a gap fill bounce, right? So those are the entries that we're looking at it for Bitcoin this weekend Anything in between is just not worth it. It's too risky and I will not be playing it I'm not shorting the market because we are still in in a bull trend and Guys, you got to zoom out if you think we're bearish you got you have to zoom out It's just ridiculous for anybody to say that the market is bearish right now Look at this guys. Just zoom out and look at the market. We are not bearish guys. Look at this. Look at this takeoff Really, this is just one big bull flag, right in the in the broader Specs right in the bigger picture So if you look at the bigger picture This is kind of what we're looking at right here, right? So this is a big. This is just a big bull flag so So I'm not worried about it You know anybody who's saying that that this is we're bearish now is ridiculous and I'm not taking any shorts, right? So All right, so let's go ahead and take a look at Ethereum Ethereum we still have that same type of pattern You see that we broke down through this support here. So let's remove this And grab this right here and Move it over here. Let's see what we can what we can find here, right? So we're trying to find that new what what what pattern is it creating is what we're trying to figure out And we're trying to figure out the ranges here. So this is a flat top pattern right So it's a move up and then and then this is a flat top because we just keep getting rejected right at that same spot. So Right now, we're just watching this that area and we're trying to we're trying to see we get this bounce here Then we do see that it's a it's a higher low, right? So it we might be getting this bounce here and and coming back up to test this again So so it's definitely a possibility for an entry here What I'd be looking for is a bounce above 550 is that's where I wouldn't I would want to take that entry So above 550 I'd be looking for an entry And I'm looking basically with a $5 stop probably looking to get take profits every $10 or $560 70 80 That's pretty much what I'm looking at in Ethereum I'm let's go ahead and take a look at the next one Bitcoin cash Bitcoin cash kind of broke out of this one as well. It broke down. It was not a breakout So and like I said, I didn't like any trades in Bitcoin cash this week And I still don't I'm still not there's not any trades that I that I'm looking to take It looks like it's kind of like a wedge down or something right now I'm not sure. I'm not taking any trades here for the moment. So You know, it's just I don't like this pattern If I was looking for an entry it has to be above this over here, so that's that 270 area So above 270 I look for for a possible breakout there I'm not I'm not looking for anything down here though So that's the only thing I'm taking there that to above 270 is the only breakout entry that I would take in Bitcoin cash Light coin. Let's see for a light coin. You see that we broke down there as well so now I just got to try to figure out what we're looking at here and it looks like a Downwards wedge, right? Like we're wedging down So we just got a kind of you know, play it the same way I don't want to try to buy any support entries here. I want to buy a breakout So I'd be looking for something probably above 80 So anything down here. I'm just not interested in at the moment If we come back down to 60 then that's possibly something I'd be interested in taking but right now There's no support entries. My only breakout entry would be above $80 XRP XRP's just kind of been You know following this trend, right? There's not not much going going on There's not there hasn't been a lot of movement like in some of the other coins and that's due to the fact that there is a Whatchamacallit there is a airdrop the XRP airdrop that we spoke about in yesterday's video So a lot of people are holding XRP for that reason. So that's why there's not there's not a lot of selling going on yet But beware because after the airdrop that it should be happening in a few hours I'm not sure exactly what time it is for me Eastern But in a few hours should be the airdrop But after the airdrop there might be a sell-off So I'm warning you guys there could be a sell-off or where we see a drop back down to like the 40 the 40 range Down here that would probably be my target if we have a sell-off Or we could drop lower down to the 50 50-day moving average, which is around 35 cents. So be careful guys If you guys want to are looking for some entries, I'd be looking to play the sell side right now in this because of history's Dictation of what happens after a airdrop So I'd be looking to enter of the low on a break of 50 cents You see 50 cents has held pretty good here So below 50 cents I'd be looking to short XRP if we break down below that 50 cent range You know with 45 40 and 35 as your targets. All right, so that's that's the first short I give you guys right and the only reason why I'm willing to go against trend here is Due to the fact that there's an airdrop and there might there could be a sell-off Now if we don't break under 50 and we go up now now we're talking about a breakout entry Breakout entries probably looking above 65 You know that 55 cent range is just not cutting it no more for me that's 60 range too much consolidation I would like to see a clean break of 65 above all of these right here For the past week, you know For an entry there so I have a short sell and a long and as you can see there's a lot of Volatility going on right now. I believe maybe Due to the time that airdrop might be coming soon, which is why the price is moving so crazy right now So let's go on to the next one chain link Chain link just continues falling kind of you know Kind of following this pattern right here for the moment You know again nothing I like here I would need something probably to the $11 or $10 range for an entry So that's the two entries that be looking at if we break up then There's nothing I like here guys, so I'm only looking for these entries down here. They'll support entries Tezos Again, not really much not not much going on looks like a kind of another wedge type of pattern here Going down descending wedge type of thing Nothing here for me. It's at 208 $2 is that next support? So I'm looking for an entry possibly $2 Would be that support entry, but it has to be something like this where it dips under it and it bounces back up and over So be something like that. That's the only way I take that trade Neo We're back at this support that we had here, which is what that like 1550 range Yeah, there's still nothing here for me. Nothing. I like I Guess this this range here 1550 to $16 is a possible entry. I'm not taking it I need to see you know a break up here some or something. I'm just I'm not liking anything in neo I'm not taking any any neo trades this week and that's pretty much it guys You know those are the trades that we're taking we're not we're skipping out on some of these coins Just because we don't like their the patterns So it's better to play safe as you can see the markets been pretty red recently And like we spoke about Bitcoin We might need to fill that gap before we can continue up So we got to keep all those things in mind then you keep in mind that there's a low volatility and low volume during the weekends For the majority of the part and keep in mind XRP's airdrop which could add volatility to ripple over this weekend. So That's pretty much it guys. I hope you guys have a great weekend I will see you guys on Monday. Make sure to subscribe like and comment and make sure to share this this video That's pretty much it guys. See you guys on Monday. Have an amazing weekend. Peace