 Welcome back ladies and gentlemen, it is your boy Bitcoin Jay again here with Bitcoin daily today We are doing a little market analysis. We haven't done one in a few days Got the wrong camera on meant to be zoomed in so you guys can see me But yeah, so so I haven't done one in about a week So I wanted to do a quick little market analysis for you guys You guys already know Look at this shirt. It says it all so let's jump right into it guys Now let me switch the camera back. Boom put myself over there I bet it's the second time I do this because I did I did the first video with my mic muted. So anyways Yeah, so looking over the top Currencies right now as you can see wait, this isn't right Let's refresh this here. We go. I was like wait a minute. This isn't right. All right So the price is at ten thousand two hundred thirty six as You can see here It's been mostly a green day. Nothing too crazy, but mostly green over here. You think I'm at 350 XRP or 24 chain link at 12 up 5% today Bitcoin cash to 26 polka dot 469 it's up 8% today Binance 23 Yeah, it's been it's been overall been a pretty green day here as you guys can see If you guys you guys already know over here Make sure that you check out our newest video. This was yesterday How to find a perfect trade entries? Basically what we go over and on that video is support in Resistance entries guys very very very vital to being a profitable trader and as you know, we always do a Question of the day where we do a giveaway once we get 30 likes. Come on guys. Let's get up to that 30 likes So let's let's jump into Bitcoin. See what we're seeing right here As you can see the price is at ten thousand two thirty This is we're in the daily time frame right here So just taking a look kind of looking at the the you know longer term picture You can even go back a week to the weeklies And see kind of get an idea of what we're looking at, you know what I mean? Look at this over here. It's very similar to what happened over here last year as you guys can see there on Bitcoin So I'm hoping that we don't drop down again like we did here If we were to continue dropping We can we could get back over here to the 7k range if it were to follow what happened last year Remember this drop right here was due to corona So so this drop here was the drop was really to about seven thousand Six thousand range and then we started going back up and then when the whole corona Pandemic thing happened. That's when it dropped all the way down here And then we've been you know taken off ever since And now it looks like we've hit this top which is the same top we hit back here last year So let's kind of zoom into here and see what we see Let us Go like this. All right, so As you guys can see here, we have our Fibonacci retracement tool open Cuz we we've been kind of looking at these levels here as you can see It started off over here. That's when the takeoff started And it basically topped off at around ten thousand. I mean twelve thousand five hundred area And it started off at around the nine thousand area so So we're looking at these levels right now as you can see we broke through everything and we just dropped all the way down to The nine ninety eight hundred area and we're currently being held up by the ten thousand support So in this area, we have the ten thousand support, which is the main support holding us here Then we have the Fibonacci Ninety-eight hundred level. All right, so those are two supports that we're Looking at and as you can see we've been in this range for the last few days What's that one one two three four five six so six days now in the same exact range, right? Let's zoom in even further All right So now you guys can really see this range real clear how we've just been kind of bouncing back and forth right here So if you're looking to get in a trade then I'd be looking to enter around this range the ninety eight hundred range 98 to ninety nine hundred And try to ride that up, you know, and you would have your stop loss below ninety eight hundred If you're looking for entry on this support if you're looking to for a breakout entry You probably want to be it's a it's a it's a little risky because You'd have you'd be you'd be wanting to look over ten thousand four or ten thousand five But look at this fake out right here, and this is all the way to ten thousand six so For a breakout entry guys, I don't know I wouldn't be playing breakout I'd be looking to buy supports for entry. So ten thousand to ninety eight hundred is where I'm looking to enter And below ninety eight hundred I am looking to get out and I'm looking to probably to short because if if we go below this We're looking at probably like ninety five hundred ninety one hundred nine thousand Areas as our targets So as you guys can see on in the on this on the daily and the four-hour charts There is a bear flag guys. So this is a bear flag Usually what happens when there's a big drop like this or there's a big shoot-up In either direction It consolidates for a bit before continuing down Okay, so that's a very very common pattern where it'll just drop drop drop then Consolidate for a little bit and then continue with drop down so we can see a we can see a continuation here Back down to nine thousand. So we have to be ready for that. I would be setting Shorts below ninety eight hundred And that's what I'd be playing right now That's that's pretty much it with that other than that we just got it we just got a watch You know what I mean? So so you could potentially be trying to enter at support between ninety eight to ten thousand And if you see it drop under ninety eight hundred then you want to just kind of short it you want to go in the opposite direction And that's pretty much it for Bitcoin right now at the moment Well, we're gonna do a more in-depth Market analysis when we live stream in a couple days As you can see here on Ethereum, we're basically looking at the same exact pattern Remember all out coins are going to be following Bitcoin during big moves like that. So this is also a bear flag here We could definitely see a king and continuation down to possibly, you know the 300 range Or even further down if if we see that can that bear flag continuation I wouldn't be looking to enter anything right now It's just so risky. I'd be looking to play probably breakouts So the breakout for Ethereum is 360 so I'd be looking placing an order a breakout order up there If you're looking to enter at a support Probably around 330 is the support you can enter to try to climb that up If you're looking to play the drop the continuation down then under 310 it looks like the level for a short Let's check out Bitcoin cash Bitcoin cash has the same pattern We're probably gonna see the same pattern all these out coins guys Drop it's a drop consolidation. That's a bear flag. It's getting tighter. So that means that a move should be coming soon We could definitely see a drop to 200 and maybe even beyond here. Let me see If I see the next level here, so I know the 200 level and then this right here 200 150 maybe so we could see a 150 retest if we continue down from this pattern Yeah, if you're looking to enter on the long to 20s around the entry and To short under 200 I'd be shorting Like coin same pattern guys bear flag There's a consolidation and there's a possible continuation down. She's got to be ready for this in case that happens guys XRP same pattern right now It's a drop and there's a consolidation we could continue down But the the thing about this is that all of these are gonna follow Bitcoin So if Bitcoin doesn't continue down and takes off and these won't will not continue down That's why the main Asset that we trade is Bitcoin because Bitcoin leads the way for everything else So it's the the main one to really look into when one analyzing Link link is same pattern guys it dropped consolidating Above 13 you could probably enter if you want to enter along It looks like 30 above $13 For a short below $10 Same pattern here with Tezos just a continuation pattern It's just gonna follow Bitcoin and And Yeah guys, I mean pretty much everything is good is looking exactly the same so One thing I do want to note here. We're looking at Bitcoin futures. So this is what? You know professional traders are probably trading There is a gap here. You see this gap right here So this gap right here is what most people have been calling for which could be the reason for this drop or One of the one of the reasons is there's never just one reason, but on a technical standpoint This could be a reason for a drop Because we had a gap up here in July and we never filled it. So Um prices 10 to always fill gaps when there's a gap like this So we can't we could see you see right here where we are. We're consolidating literally right where the gap happened So if we have a drop we could see a drop to like the 9600 range So 9800 to 9600 is definitely We might see a fail of this gap right here which would be down to 9600 before taking back off so That's kind of what another main thing that we're currently watching right now And that's pretty much it guys Everything else is gonna basically look the same Everything's gonna follow Bitcoin for the most part So I wanted to keep this one short, but I want to make sure to get it out to you guys today And then we will be doing a live stream. I can't do it today But we will be doing a live stream With days tomorrow. I think possibly tomorrow night tomorrow does start the football season For those of you that are outside the US American football starts tomorrow. I am a huge fan I play fantasy sports for it And it's just a ton of fun. So I will be watching so if I do stream tomorrow, it will be after That game which should be around 11 to 12 11 or 12 o'clock Eastern Standard Time. So That's basically it guys Uses those entries that I gave you guys and we'll be watching till the next one. Peace