 What is going on ladies and gentlemen welcome back to Bitcoin daily for another video today? We are doing a Market analysis going over the charts and what's been going on what we're looking forward to this weekend and What I'm gonna give you guys some of my trade ideas that I'm looking at currently So let's jump right in as you guys know This week well last week was kind of a crazy week for us We had two big news stories that Affected the price of Bitcoin the first one being the whole Bitmex thing We had the issue with Bitmex getting some charges about Running an exchange without you know doing KYC and things like that So basically for running an exchange legally they got charged by the US So they're currently facing those charges as something that they're fighting And there was a report that about a hundred and like almost 200 million dollars in Bitcoin was removed out of Bitmex over the weekend With that happening then a lot of people Started shorting Bitcoin as well with that over the weekend with that news plus with the news of the president Donald Trump. He got coronavirus and It is definitely not a laughing matter is just Such a so bizarre such a bizarre story And just everything's been bizarre ever since that However, all the doctors have been saying that he's okay that he's recovering fine So the market's been going back up. It's been pushing back up not only Bitcoin But the stocks and equities market is all green today The Bitcoin market for for it the most part is pretty green today Where we've been trading around the ten thousand seven hundred range the last 24 hours You see the last seven days were only down now 1.8 2% a Theorem still at that 350 range Xrp's at the 24 cent range still by an ant at 28 sound 1 1% today Bitcoin cash pretty flat on the day Chain link up threes. It's back at that $10 resistance level. And yeah, it's pretty much it's pretty flat today Nothing too crazy. It's also been another report that Bitcoin's volatility is at a all-time not all-time low, but it's The lowest it's been in the last six months And it also dropped in the last 30 days bitcoins Volatility has dropped about 45% according to Coin Something I don't remember their names But it's like a coin metric coin metrics or something like that So yeah, so so that's a so we can see that the volatility has has been getting tighter and tighter the range has been getting tighter here As you can see here, this is we're looking at the weekly chart We're still trading in this Fibonacci zone that we've been the Fibonacci retracement levels that we've been looking at As you can see here, we had a pin bar the week before and then that now last week We got another pin bar here. So we tested this this area again So as you guys know, we were entering positions at the tip this 10,400 level with our targets being 10,600 and 10,800 here. So if anyone took that trade that was definitely a profitable trade there Let's go to the daily chart Zoom in a bit on this market to see what's been going on So as you guys can see here, we definitely hit that 10,400 range. We took trades there This has been a level of Fibonacci level. We've been following and we've been trading the sixty one point eight percent range And we've gone all the way back up to that top 50 percent range, which is a 10,800 zone Which is the top of that level which is playing a resistance as it's played here The four and it's played here before So that's a spot that we're taking profits at and if we do see a breakout, we will be entering a breakout trade So trades that we're looking at basically either back here at this Fibonacci level the sixty one point eight percent Level which is about 10,400 Then there's a minor support here at 10,600. So we've also entered trades using this support This is a support you can you can definitely enter And then the next trade that we're looking we're looking for is above 10,800 we're looking to enter trades above that on a breakout. So that'll be a breakout entry we have there That's basically it for now For Bitcoin, those are the only trades that we're really looking at if we go on to Ethereum Ethereum pretty much following Bitcoin. I think pretty much everything else has been following Bitcoin that We're gonna look at so Yeah, Ethereum kind of the same setup it dropped down to this What is a 330 level 320 it actually dropped all the way down to what was the low here the lowest 313 So the play would have been a break of 320 would have been the first breakout entry here as you can see that took off Then a play of this break of this Fibonacci level also And now we're currently at resistance here, which is The Fibonacci level the 50% Fibonacci level, which is 360 We're also playing this 350 zone So 350 is actually a pretty decent support to enter and then your first target is 360 and So if you don't want to play the 350 you can use a 360 as a breakout Which is that Fibonacci level we're looking at With your first target being 370 So yeah, other than that Is for support entry 350 is the only support entry. We're really only interested right now Everything else is a little too far. So it it depends on what, you know, the market did at that point But you could always use these Fibonacci levels Bitcoin cash Hasn't really moved much it dropped when Bitcoin dropped and then it just kind of went back up and back to its range So it's been basically trading between 216 looks like 216 and 235 is the range where it's really trading at right now I'm just not interested in any of these ranges 220 is is a support level you can use here Your stop would have to be below 216 Probably below 215 honestly Yeah, it's not something I'm I'm interested in but you can enter this if you'd like Just know that the pattern is a bear flag right now. So And also it's following Bitcoin. So even though the patterns of their flag doesn't really matter It's more on what Bitcoin is gonna do. It's just gonna follow it So a technical analysis on this chart right now. It doesn't really matter too much Like coins same thing like coins just following Bitcoin. So it dropped when Bitcoin dropped and now it's back up I'm not looking for any entries here Just nothing to enter here at the moment. The moves are so small. Look at this move. The range is between $51 To $43 $7 range not interested in trading it XRP same thing. It's just following Bitcoin as you can see followed when the drop Followed the rise back up The range is 25 cents to 23 cents. That's a two cents range This drop to 22 was just because of all the news So so that's the range you'd be looking to trade you be looking to enter on 23 cents Your target would be around 25. So if you're looking for a breakout entry would be above 25 cents chain link looking at chain link it is Kind of the same and it's just is doing lower lows and lower highs Not interested in entering chain link under $10 to be honest So if I'm looking to enter chain link, I'm looking for a breakout above $10 If it goes be below that the only entry I'd be looking at is Entry at $7 $7 support entry Tezzels Tezzels really hasn't done much either Tezzels. It has continued giving lower lows lower highs Not something I'm looking to enter if you want an entry as close to $2 as possible would be the entry with a stopper under 190 Neo is at $17 so we did trade this a bit earlier when it hit the 25 mark So here I'm not really interested I guess if I'm looking for a trade to enter here $17 is the first support $16 is the second support So I'd be looking in that 16 to $17 range for a support entry a breakout entry I'm looking for something above $20 to enter That's about it man Cardano Cardano has not really been doing much It's finally broke out of this falling You know thing that's it's been doing for a while now since July really So just got a way to see if it breaks through this resistance right here that I have marked But my entry would be I would need a breakout above a thousand Satoshi's To enter that so I'm not really looking for any support entries here Even though the support entry would be at 800 Satoshi's if you're interested in that Look at Bitcoin futures here Let me see it opened a bit up from Friday But I mean very little let me see that it's green from Friday, but there's no gap. So we're good there It's kind of following the same thing. It's slowly grinding back up So let's just we just got to wait and see what happens this week with all the news and all that As long as all the news in the stock market is green and bullish then Bitcoin should also be bullish as long as there's no negative news about Bitmex It we should also be bullish So we're still trading above ten thousand as long as we're above ten thousand guys I'm bullish on Bitcoin My only concern would be if it dropped under 10k then we could be looking at a drop to around 9200 9200 to a 9000 So as long as we're above this This zone right here I'm pretty bullish on this and I'm still long I'm only looking for long trades and I'm not looking to short right now. So that's basically it guys This was a pretty quick one tried to just get in and out as quick as possible give you guys my thoughts and opinions on Bitcoin and what were my what my trade ideas are what numbers I'm looking at to enter trades What else let's do a Bitcoin question of the day So the question of the day is going to be what is the support that I'm looking to enter Bitcoin at? What is the support? I'm looking to enter Bitcoin at and what is the? Resistance I'm looking to enter a breakout trade on and that's it guys That is a question of the day answer that drop it in the comments Then once we get 30 likes or more, I will choose a winner Appreciate you guys Whoever stayed to the end appreciate you make sure to hit a like make sure to subscribe and follow the channel For continued updates market analysis live streams Tutorials all sorts of free content appreciate you guys have a good one. See you guys tomorrow. Peace and love