 What is going on my beautiful people? Welcome back to Bitcoin daily today is Monday, November 2nd 2020 We've hit a new month guys. We're we're at the Home run. What what is it called a home stretch here? We have two months left in the year 2020 has been insane But we've survived congrats if you've survived guys It has been a very interesting year to say the least But we've survived guys, so we have two months left. Let's make the best of 2020 with the remaining two months that we have here see if we can make some money And let's start it off with today Let's see what's what happened over the weekend in the Bitcoin market and where we see this going for this week, right? As we usually do on Mondays So today as you guys can see here the Bitcoin crypto market cap. It is at 393.7 billion so it's down about 2% Over the last 24 hours bitcoins down about 2% Currently at 13,498 Aetherium is down about a percent at 384 XRP is down almost 2% trading at 23 cents Bitcoin cash down 3.3 Trading at 258 chain link is down 2.9 trading at 10. So we're back in that $10 range that we've spoken about a lot Binance pretty much flat on the day at 28 light coin 1.97 trading at 53 89 polka dot down 2.6 at $4 and BSV who cares about that, right? So let's go ahead and take a look at the chart. Let's see what happened over the weekend guys Let's go over to the daily See what happened what we saw over the weekend as you can see here Today is what day today the second right, so Friday, which was the 30th We're pretty much flat on the day We had a high of 13 675 and a low of 13 119 So that's a pretty big range there and it's a it's a range. We've been trading right And we've mentioned this range tons of time Yes, then what is it Saturday? Saturday we had a high so Saturday was we actually broke this year's high So we had a new high there on Saturday. We marked a high of 14135 that was honestly an unexpected You know pump surge on Saturday, I did not expect the price to go, you know break through 14,000 But it did it went all the way to 14135 and then it got rejected and came right back down And then they saw a low of 13 421 ended up closing around 13802 on Yesterday so yesterday there wasn't that much volatility yes, but we did go up. We did go up again, right yesterday We we we had a high of 13,009 oh three So we went right back to test that 14,000 range And we had a low of 13,006 22 so there was not a lot of volatility and not but Like I didn't expect Such a pump on Saturday. I would have expected that on Sunday, but it happened on Saturday, which was Out of the norm, right? Then today so so far today The market dropped really hard in the morning So we had a low of 13,212 and a high of 13,840 and it opened at 13756 So and we're currently now trading at 13 512, right? So we're down about 2% or so And But we did hit some of these levels that we spoke about on Friday and Friday's video, right? That 13,200 13,400 remember we told you guys both those levels were support entries So if you would have entered at 13,400 if you would have just entered during the drop you would have stopped out If you would have done the same thing at 13,200 you would have got a Perfect position there, but like we spoke about on Friday We don't really like to catch it while it's dropping. We like to catch it while it's bouncing, right? so So we entered we didn't get the 13,200 entry, but we did get the 13,400 entry here on the bounce back up So that's currently where we're at right now We just took some profits at 13 5 and moved up our trail stops and we're just gonna keep trailing it for now That's that's what we have done today as far as trading But yeah, let's let's look at the Month candle since we just closed out that candle as you guys can see one of the best candles We've had in a very long time, right? and It is the highest closing candle since December of 2017 like we told you guys on Friday, so We did close We closed a month. This is the second. This is the biggest the highest closing We've ever had because what was the closing here? So on December 2017 and we closed at 13,873 Last month we closed at 13,802 So we almost closed basically at the same spot 802 873. That's pretty crazy, right? Now we didn't we didn't get that spike up like we did in December But we closed just about at the same level here guys, so that's definitely a level to watch This 14,000 is very very Going to be a very big resistance here because if we can close above 14,000 this will be the Highest clothes wheel we've ever had ever in crypto right in Bitcoin So that's something to watch for in these last two months trying to get up above that 14,000 range and close above that So that's what we're watching right now for this month Let's go down to the daily All right Get down to the nitty nitty gritty here, right? So on the daily we're still looking at this bull flag pattern, right? We still have this bull flag pattern bull flag a bull flag is when we have the big move up Then some consolidation and in continuation So the probability is a continuation after such a big move and consolidation period, right? So we're looking for that continuation up. So The trade setups that we're looking for right now For breakouts are gonna be basically above that 14,000 range As you can see we had one breakout here if you would have entered and trailed it You could have grabbed profits here at 14-1, right? Almost got to 14-2 But um, but if you didn't then you probably got stopped out. That's fine set up new entries above 14 That's what I am looking for as far as a breakout for this, right? Um Currently we're at 13,500 so Ideally we want we want to enter on a pullbacks, right? And we want to enter on a pullback once we see it's bouncing back up. That's the ideal Scenario that we're looking for right now If we zoom in to the four-hour chart here Let's take a look at what it looks like here. So as you guys can see we still have this bearish divergence, which is Something that we don't like to see we want to see this We want to see the prices of green here Before we really commit a lot to to a position, right? So right now we've been trading Risking about 1% 1 to 2% risk per trade, right? Because of this bearish divergence like until until these two start a green like I'm just using very type stops on any trade I take and I'm Keeping my position sizes very small as well I Just I don't want to get caught on the wrong the wrong end of this So I'm okay with stopping out and I'm okay to continue taking trades I just You know, I definitely want to see these two to get back in agreement because right now as you guys can see Since October 21st pretty much all the way down to today It's basically momentum is just going down and but price keeps going up Which just doesn't make sense. So there has to be some sort of correction where and then a consolidation period probably Where These two get back on the same page, you know what I mean? So on on until then we're just the way that we're trading this is we're gonna keep Stop losses tight We're gonna be look to take profits every opportunity anytime we have we're inter trading we were hitting profits We're taking profits. We're not being greedy and We're keeping our position sizes Relatively small we're taking very small risk between one or two percent per trade And using low leverage because we don't want to get caught on the wrong end of this We know eventually has to it has something has to happen here where these two sink back up and get back on the same page So then we're not we're not comfortable using a lot of leverage or a big position size here so So all right, so the trade setups we spoke about Friday are our setups that we wanted to enter was 13,400 and 13,200 both of these hit from Friday So Fridays of you would have hit if you would have entered on here Today this is where we entered 13,400 up a hundred dollars right now if you would have entered at 13,200 range You'd be up about three hundred dollars right now. So both these trades hit Hopefully you guys were able to catch one of these Because both those trades hit profit and we're both profitable It happened exactly how you know, we spoke about we wanted to see it test these support levels and We didn't want to buy on the initial test of it But we wanted to buy on the bounce back over it So if you would have played it like that, you would have entered either at the 13,200 at when it was bouncing back up Or if you wanted to play it safe and and wait to 13,400 you could have bought on the break of 13 for and You could be taking profits here. We've already taken some profits and we've moved up our stops So that's currently the place that we're in right now on Bitcoin We have one more play on Ethereum But let me tell you the trade setups that we're looking for here on Bitcoin right now same thing guys 13,400 is the support 13,002 is the second support. Those are the two Areas that we're looking to enter But the main one where we the ideal position That we like to enter the ideal support is 13,000 flat We've had a few tests here as you guys can see So a retest of this Would be great same thing. We'd we'd want to catch it on a bounce on not on the drop because a drop could stop you out After that then the support basically drops down to around 12,700 area Which is here as you can see there was a lot of support here as well And we did see it bounce here on this one last time we touched that so That's basically the areas we're playing Right, we're looking to hit those these green boxes These are the main supports we're looking at but we also have trades We're also taking small trades on at 13,4 and 13,2 So you guys should have buy orders on those or at least set up alerts So when the price touches those areas you can open up your charts and prepare for entries Guys remember there's no exact numbers if you have entries set up at 13,400 or 13,200 odds are you're not going to end to get get triggered right so you have to just be inside that area when I say 13,400 I mean that whole 400 range from 400 to 499 right when I say 13,200 is that whole range, you know There's no exact number that I can tell you because it doesn't work like that. There's no exact numbers in trading They're just zones right so So yeah, so when when I say 13,004 the the idea is to try to enter as close to that number as possible But it doesn't mean only at 13,400 It means in that zone as close to 13,400 as possible same thing with with 13,200 and 13 So that's the pullback entries. We're looking for for breakout entries 13,600 would be a breakout entry. We're not taking it though The only breakout entry we're currently looking at is above 14,000 above 14 is an entry we can take Under that we're not currently looking at any breakout entries there If it does pull back under 13,400 then 13,400 is a breakout entry you could take if it pulls back to 13 13,200 breakout entry you could take but right now we're not Other than the 14,000 we're not looking for any other. There's no other breakout entries that we like That's pretty much it for Bitcoin Those are the trades that we're looking at the trades we were taking this week That's those are the trade setups. We're looking at this week You know everything obviously changes day to day So we we always we usually do another update throughout the throughout the week Let's go ahead and look at Ethereum we're gonna now we're gonna go over other trade setups and other coins like we always do but remember The deep analysis is always on Bitcoin because that moves everything else the entire the rest of the market follows Bitcoin right now So on Ethereum if on Friday, we told you guys that we wanted this buy box This is the buy box. This is where we're entering and that's exactly where it hit So if you would have played it the way we told you guys on Friday You would have seen this drop and you didn't want to enter on that drop. You wanted to enter on the bounce, right? so So on this bounce right here back above 380 would have been the ideal entry You might have bought around here 381 382 area because it's maybe side bouncing bought at 382 And you might have got stopped out, right? But on that bounce right back up. You should have entered again at above 380 So that that would have been the play The first target is 390 second target 400 So right now if you're looking for if you didn't get into any of these trades if you're looking for a setup It's the same thing that the support is 380 here. Look at all this support here You know, you're risking about you have to risk between two and a half dollars to five dollars Under 380 so it has to be under 380 You can't enter at you know, 383 and risk two and a half dollars if you're gonna get stopped out 380 is the support so your stops have to be below that now your first target is 390 So you have to your entry has to make sense in order for it to be profitable, right? speaking on a long-term basis So that's the levels that we're looking at for a breakout entry the breakout entry will be above $400 That's what we would take a breakout entry with the first target being 410. All right So that's our that's the setups that we're currently looking at for Ethereum and if we look at Ethereum on a broader You know what I mean I got I got I lost my train of thought for a second but you know how on Bitcoin it's showing that The bearish divergence does actually Here there's a Little bit of divergence, but for the most part It looks like it's starting to get in agreement with each other because there was some bearish divergence But it looks like it's starting to agree with each other if you look at these the last few days They've been pretty pretty much replicating each other so So that's good that's a good thing for Ethereum here. So those are the trade setups we're looking at for Ethereum Bitcoin cash Kind of still in the same area I think last time we spoke about Entering was around 260 maybe so that 260 support didn't hold but It's still here on this support. You'll see the support right here. So this is still a good entry here You could probably even Draw this here draw a little buy box here whoops So you can see there That's definitely a Support error right here. So this is something you could enter here at 258 and See if if we can catch that bounce back up your your targets are going to be 260 260 250 265 and 270 so those would be your three targets on Bitcoin cash if you're looking for a breakout Breakout maybe above 260 to 50 ish or above 260 you could probably do a breakout above 260 Those are the trade setups for Bitcoin cash Light coin we see kind of a similar thing right here We're still on this support area here So we could do the same thing here draw a buy box Basically your buy area your buy zone It's gonna be around 254 all the way down to 253 and you basically want to sell below 252 30 whatever this is here Basically below 252 I would sell because then if it goes below 252 we could drop all the way down to around 49 or 47 so below 25 below 52 I'd sell but it's definitely in a support area right here We did see here some bearish divergence as well We got to see what happens here as the week continues now, but that's definitely an area that you can buy If you're looking for a breakout then above 55 56 range looks like would be the breakout entry there XRP Let's see what's been going on here on XRP. It looks like we have some support here So it's also at a support area here previous support last time we're dropping It bumped up kind of a consolidated drop back down And you see that it had used that as support as well. So it looks like 2350 is a support zone there You'd basically Have a stop below 23 cents. So I wouldn't want to hold it below that If you're looking for a breakout Above 24 cents is probably the breakout or above 2450 so those would be the to the the breakout and the Support entries. I'm looking at if I was trading XRP, which I am not Chainlink Basically the same thing here, you know, we spoke about chain link many many times I The the support entry I'm looking at is $10, right? If I'm looking for a breakout I'm looking for something above 11 Those are the two entries basically right there So pretty simple simple enough Tezels same thing the the breakout I'm not looking for this support entry I would be looking at a breakout entry above $2 if I was trading Tezels, which I am not Neo we had to move back up to test at 1565 But I told you guys last time that I want to I need to move above $16 to enter a breakout here So I'm looking for the same entry above 16 for a entry It looks like we had to move up and pull back Pull back bounce. So let's see what happens here above $16 is where I'm looking at though for a trade And Cardano kind of Cardano just so far off $6.88 right now I just don't like any entries here yet. I Would need something up up here. I don't know Probably above has to be above 800 for me to want to enter anything in Cardano And if we look at Bitcoin futures You'll see that Today we actually opened up pretty high like we went up to 14 14,065 and then we dropped down to 1337 and now we're at 13 630 so it's been there's been a lot of volatility on in the futures market with all the uncertainty But that's basically it. That's what we're looking at this week guys Remember keep in mind keep your position size is low keep your tight stops tight It's stopped lost tight Leverage low Tomorrow and this week is a presidential election in the United States. So there might be a lot of volatility I don't know. I don't really know what to expect So just got to be prepared To look for entries on pullbacks and or breakouts, you know what I mean But it could be very volatile as we don't know how the markets are going to react to the election It probably all depends on who gets elected That's pretty much it guys. I think I covered everything in 25 minutes. Um, I Will see you guys tomorrow not sure what I'm doing yet for tomorrow, but we will definitely be doing something amazing The question of the day is going to be for this video is what are the entries that? Triggered from Friday's videos in Bitcoin. What? Entries triggered from Friday's video on Bitcoin. I'll tell you guys the entries that triggered for a theorem was a 380 and it's triggered again But from Friday's video, what were the entries that triggered? That is a question of a good day guys remember We need to hit 30 likes So we could trigger the giveaway We've been ranging in like the 15 to 20 like area Say I'm gonna do this guys 20 likes let's get 20 we haven't been hitting 30. Let's let's hit 20 we can 20 right so 20 likes We'll trigger the giveaway for this video drop your comments below hit that subscribe button hit the notification Bell hit the like hit the comment hit Somebody else. I don't know. That's all guys. I am out of here. Peace and love. Let's make some money this week Let's make some money this December and November. Let's make some money this Christmas in these holidays Peace and love guys. See you tomorrow