 Welcome everybody to another stream And for blah blah blah general disclaimer again everything for educational purpose or entertainment and what you derive be entertainment and Again past No parent reason because it doesn't really matter Let's get started with yesterday's review Really pretty on point on our part in terms of when we are going what time we were going what we ended up getting The only real deviation is when we hit into Asia dash pre-market for New York It's when we started sort of deviating with Bitcoin and spy sort of had another sort of reprised It's sort of dead set in keeping price up here for some reason I think they sort of Decided this is the new price bracket for Bitcoin at this stage in time So I don't think they'll sort of push it too far unless there is a significant change that needs To be corrected against Because every time we've been moving low low the spy we've been sort of staying stagnant or Correcting up and correcting down with Bitcoin. So It does sort of say to me that they're just happy with pricing it at this At this area here and they've been doing so since the start or end of March As you can see all the moves end up just becoming sort of Non-commit. Oh, I mean sure Bitcoins pretty I mean spy pretty much has the same sort of thing but moves Moved a lot earlier Later rather moved a lot later in terms of grabbing this going high high-to-high But ends up looking similar Coming into today we do have a couple of news News that will cause a mess or a buffer or whatever you want to call it So that's on the only thing The only thing you want to make sure of and that's the sort of That's coming in Justin. Oh, they already came in cool. So we have that coming in right now. So hopefully looking for some reaction some reaction Out of the charts or some direction because We don't want this to sort of be the be all and end all Because we have non-fine payroll Friday So nothing sort of too major If anything comes out of it, nothing sort of too major come out of it Gussing more on what happened yesterday They're waiting for this to load up Yeah And start going again yesterday we came in here. We saw this nice drop feel like okay Okay, they're letting people go short here. They let people go along here They slammed them down one more time. They pushed up grabbed a few lungs I said wait it out again as soon as 10 o'clock comes they start moving in that direction to grab the double bottom and You got your double bottom and now you're looking at this like yep That's nice and easy double bottom shifts all the way until two So two o'clock was when we had our meeting and we were going in the direction of up prior to two o'clock So our natural reaction would be to take this down Again same thing with yes, but it continued to go down even during free market and you'd expect If this break going where to go down and continue on that downward slope It would break this low here and start pushing itself down But instead it sort of didn't it sort of decided to hold itself here and sort of close these areas out You can see when it's closed these areas out It starts giving you another double bottom before skyrocketing on the opposite side and you can see Similar to that again double bottom here very deep throw Comes in high comes in trading here. So we'll probably try correct against yesterday's move Some to some extent, but maybe not sort of too much Yeah Looks like a boring day to be honest. I mean nothing's sort of interesting. It's happening. I think sort of too crazy I mean you can see that We didn't make a break for that four hour zone that we're looking for We managed to catch a lot short here push back up and again When we're here, we're talking about the likelihood of us spiking to grab Grab these guys Here and liquidate them up here Then we sort of push back down again now. We're looking at a double bottom scenario As we are trading sort of very nicely Nicely within sort of this area here you can see that Just collecting back at the same area. So More often than not we look for this to try and correct it upwards The only sort of uh thing we got to watch out for is the fact that bitcoin is uh, sort of Technically having a field day was it's sort of meteoric rise And if you sort of lock it out like this again, there's where we spiked up There's where we push back down and we finally sort of broke it And if you look at book map, you can see how those orders ended up playing out where people went short where people went long, etc You can see everything here is pretty much, uh, heavy on the lungs. You can see that's uh When we came here initially sort of played a bit Yeah, so this was that there then we sort of pushed it up grabbed a few lungs To liquidate them. There's the two there's that push up to uh, yeah for when we see meeting There's the actual meeting itself announcement There's your lungs. They got shifted into these shorts They sort of pushed up more long got a few shorts in there But again, just sort of spiked and you can see that this wall here was here as a stopgap And you can see how a lot of these lungs got liquidated early on uh, but it's sort of uh It's all finally it's all found itself. Uh, just Consolidating at this area here. You can see where we have the previous area of shorts. It's just sort of accumulated Uh before sort of pushing up. So there was some signs that uh, this was where we're naturally stopping For bitcoin even though we're we were continuing to slide down for uh, es and spy I don't want you to look back at it. You guys know. Good morning, bro. How you doing? Now I've gone into sort of uh, this area where we sort of broke This you can see how people let people sort of trick themselves into going long before sort of pushing them out And then we've got a decent amount of shorts at these areas here Safe to say most of these guys are out of the market just by looking at this and you can see that is sort of uh, reinforced with uh Letting people go go short here. So The fact that they're going short uh means that they need to add more shorts back into this zone Before they can think about reaching for higher sort of territory Not too far in terms of uh, where we're expecting it to push again We're not expecting it to go to uh, the center of the earth, uh, and just reach rock bottom Again, we can do that tomorrow if we really need to uh What I'm more concerned with is uh, the disparity between uh, yes and bitcoin how this is just On a slide down And it it's sort of at an area where you'd expect it to try and push up I made it back You did say double bottom. I made it back. That's good man. Go go go To here man always happy when you guys are making so again, they're just moving in first to each other which is Always uh, not the best of things. I should know this is uh, because then it just becomes easier to sort of tell uh, because One will ultimately give up the ghost and just follow the other uh, so Essentially one will leave the other uh on the round robbing. So if we've been here before So nothing sort of new uh, but again just sliding down trying to get those shorts to uh warrant slash uh Justify us continue going higher if we need to The same thing we had yesterday that's a little pressure wall here Uh, we talked about them before about how they're just applied as a measure to try and make people go down And I like calling the pressure wall. I don't know if uh, anybody else has coined a different name or terminology for it Uh, because again most of this stuff is new so Most of the stuff is new so it's should uh, It should not really have like a fancy name to it, but you can call them whatever as long as it's something that you can uh dead to fire and and uh And sort of say yep, that's what that is when you're talking to someone else Uh, so it's applying pressure now. It's making people go sure. Uh, if anyone goes long They uh, stand the risk of hitting into that wall and if they go long into this wall and it lets it it lets it hit into this wall uh, then that's how I sort of uh Let's say yep, they're just gonna fish for lower Uh, no controller, but if these get removed then pressure is gone and it sort of springboards Up and and just takes a lot more A lot of liquidity out of that I don't think they stop it out yet because again, I mean if we look at this here, we came in and just uh, missed breaking the uh big uh Bigly high, but we still haven't broken uh and broken the high as as a sort of false break. Uh, so There's still that to be done if we're looking for us To sort of break down but way things are moving. I don't think we break down Uh, just purely based on the fact that we didn't break it. We're just accumulating short I think they're using this uh chance to say make people go short then they'll try to push it back up uh, but False breaks or not. Uh, again, it could definitely well be Uh, because again, we have that sort of friday data set looming. Uh, that always causes a kerfuffle with more things If you stretch out this This essentially just looks like a stop hunt in terms of low We close basically at the zig tag same low here nice little stop hunt so it could easy just Rear its ugly head back in and push back up. So that will give a bit coin the uh I say drive to push push back it push back out Break the range If you want to compare it to other old coins we can look at ethereum Do more of the same thing again Exactly did more of the same thing Just like it looks slightly different again. Uh There we go round three. There you go. There's that push up. There's that two o'clock There's that slide down. There's that retest into this area Where we had that ten o'clock area and there's that asia push back up after the market close double top slide down grab the stops Hit back into that four more volume uh higher volume area here And then we want to see if they try continue this further Uh if they try continuing further the more they do this the more they push up again There was a sentiment that we had sort of uh on the previous day if they try to sort of uh Take their time with the short things They'll push it back up and uh sort of take people for a ride essentially That's not always something you want to be cognizant of uh is uh It's how long they take to do a certain move because if they take too long that means they're just prepping ideas and letting people Fall victim to uh that oh if I see red I sell if I see green I buy victim or not victim and it just looks fine again is just coming short very early on uh it's uh nothing sort of uh Uh Outlandish We're just watching this mellow out. I think today's not going to be too much Too much of a surprise day. We'll have a look at gold. We'll see how that's coming along It sort of went up pretty high as you can see I mean it makes sense because everything went down we expected to go high everything's going up Gold again, it needs to find a logical point and again, I think it's kind of a decent point where things will start needing to flip themselves uh It sort of pulled that up with yes on here on the screen here I hate this for you much much for this for you here Whatever and we can see that when we sort of came into it nothing much happened here again Bitcoin sort of following uh gold's trend about going up in Asia and you can see the final sort of dump that came in and we're sort of pushing up and we're bearish on this We're sort of bullish on this and we can start building a picture now that okay, we probably are Uh more inclined to believe one is bearish just purely based on the fact that it is pushing down further And it is sort of at a low versus one being at a high And grabbing a lot more orders at this top level here So it could easily just flip itself and you can see one one when one's at a high and one's at a low You sort of try to flip it sells and it's sort of nice point to say yeah There's your entry for one versus there's your entry for another That's a nice little correlation that you can uh that you can easily sort of uh summarize the only issue is if uh I should know If bitcoin will take uh take it in strides and just follow es at the end of the day I don't think it follows gold uh too much unless people start believing in the digital gold rush once again and That's a story for another day but coming to it it's it's sort of Logically looking like it's sort of sliding down Unless we continue uh slipping I don't I don't think we continue down uh too far at least at least today Uh, I I think it sort of gives gives itself a nice chance to sort of breathe Let people uh sort of uh Get familiar with this new area uh if they go down here So ideally looking for a slightly high if we stop here we stop here and we may push down but Again with this here, I mean it could easy just sort of do this you can just test this area here push back up Again, it's just something that you want to sort of note as a possibility that It does continue back high as as gold just It would just run to gold as as the fear of recession looms over their heads because Historically, that's what they've done and again Humans are like just notoriously just do the same thing over and over again and they never learn Yeah, pretty much just news first man Uh calling for a pa day I want to be surprised. Yeah, it's a pa day Uh nothing stopping it from uh changing directions just out of nowhere Uh, I think more so More so tomorrow is where you're looking for uh a bigger load to be sort of pushed Uh out Just because uh, you got that non-farm payroll and unemployment rate those always go crazy, especially uh in the forex market, so uh If Might not call it a pa day might call it a setup day for friday Uh end of the day, I think if we end up going high today It's sort of cement that we want to go low for friday in the week on a red day Or a red candle. Uh, I mean we're opening red, which is usually bullish. Uh, Usually a bit bullish for the most part It just means that when we open the actual gates for the markets to trade Uh, we can sort of squeeze all those shorts out and we have been sort of building those shorts in Prior to the market open so it sort of says that Oh, we're setting out for at least To ring these guys out Uh If we ring these guys out, uh, we can again grab a lot more breakout longs on the break of the week Weekly range then once we're up there we can sort of consolidate a bit and when we consolidate we can uh You can sort of grab, uh We can then grab a lot more trade as well up here Uh, again, you gotta look at it where retail looks at it. They'll they will come in uh They'll come in here or depending on if they draw it like this They will come in Yeah, they'll come in at the same point They'll come in either here or here and once they come in, uh, that's sort of uh, you saying, okay They're in now you can sort of wait for them to taper that And he sort of pushed down you can hold it up here before pushing further down here So you can sort of break out grab a bunch of longs grab a lot of liquidity Uh, may need to go up to this stop here because I mean this stop here will be a much closer stop for intermediate there's How long a term stops placed here? Uh, depending on which one they ultimately want to hit You're just looking for longs to get grabbed. Uh, once you get longs grabbed then maybe friday we can sort of Push these guys here Uh, because there's no way in chance that unemployment rate is, uh, is reducing Probably gonna, uh They're probably gonna print bad numbers, uh, just Just because it's what ends up, uh What the charts end up looking like the numbers Will feel bad. I don't think they hit forecast. Uh, I mean, I don't know how I don't think they hit forecast period, uh, and I think I think they fall, uh, very short of it Uh, just by looking at how the charts have been moving again They've been accumulating a decent amount of longs now. They're grabbing shorts to try to push it up further Uh, one more stroke And once they grab those guys, uh, you can call it they can call it a day and just say yep We got all the shorts out. We've got a lot of longs in we've got our breakout buyers coming at the breakout here or even here Uh, so watch these two areas for, uh A lot of buyers will see what ends up happening If I think they push it up to here control day and when they fall short on the On friday at 30 then they can sort of just smash everyone Uh into oblivion The only thing you got to be careful is again, uh seems to be like every time asia Anytime the market closes and it's just gold and, uh, bitcoin like everyone's just buying golden bitcoin digital gold rush be damned Look at a few more. Let's see if everything gets, uh Everything is within that shape similar mind and you can see that Atom is is pretty low and again, it's followed more closely to es than bitcoin has because bitcoin had that Stupid, uh, push up. So it looks like a lot of people are just flooding money into either bitcoin or ethereum and ignoring ults Uh, so you probably might want to push, uh more faults, uh as a push-up but, uh Henry, uh, you're sort of looking for sort of try come up at a point and Clear out all the quiddity here. You got you got these shorts at these bottoms here pushing you up You sort of once you hit those guys Out then you can sort of bring it back down Again, what a long way to go for that Same thing same story we say back and again, it's it's always nice to have charts that are unsimilar sort of, uh pairing Because it means your assessment. It's usually correct again the only sort of, uh I wouldn't say nearly in coughing the only sort of uh higher ground sort of thing is sort of bitcoin where it's just Held itself really strong within this range and it just said I don't want to go down I don't want to go down Uh So now we're looking at it already at this high. So we'll see how far they want to push it Again, they've already got a lot of shorts coming in So they'll probably push it and hopefully there's a chance for all the old coins to start pushing higher as well Once these guys start pushing higher and start reaching their top You can sort of call that a day and uh it pushes back down Looks simple Not too much, uh Not yeah, not too much to add on on on top of today Uh, I don't think anything will come up Come up, uh Come up that will sort of shock us. I mean I would be surprised if it does We ain't got these longs coming into this wall This sort of driving itself again. We're watching the reaction when we get that Oh, is it so excruciating? Oh That's the real question. I can swim in more. We'll see how this is coming along I mean just letting longs slowly go up. They're not moving this wall away They're not they're not going to be shocked when it gets hit Uh, and if this does get hit and we get a large amount of long still probably can you continue Down into that Down into that lower end Lower end push once they grab that final liquidity sweep they can then push back up a rally to start God damn Let's see. Let's see what this uh God damn God damn this looks bad. Two weeks afterwards. Ah, let's see But nothing you guys want to get into now I can read that in my spare time Uh four things, uh, let's see what mr. Powell says Fed rises, uh raises benchmark to arrange of Close to the peak seen before the great recession of all eight Uh fed is on hold The new forward uh guidance from the fed means that the central bank no longer plans No longer planning or anticipating it will have to uh, like great said Not that pure sin Instead the fed is going to watch the uh Economy and the data and the inflation and decide the best course of action Fed is not willing to uh Is not on a determined pause but on hold as assessment policies As it as it assess assesses policies to decide the right policy course Policy is flexible not fixed The preference power said interest rates now, uh, maybe sufficient Uh, once inflation is down to fairs two percent So that uh, they're not going to raise it anymore. I mean most people yeah Most people are calling for that anyway I'm going to go on hold so that means if something stupid ends up happening We push it They're going to erase these hikes idea of the raise coming down Uh, as soon as off the table the market expects the Fed, uh, is going to cut rates three times this year Beginning in september, but pal stress. This is not the fed's forecast The firm's conclusion today is that the rates coming down at any time soon is off the table Uh sense in a world, uh In that world the forecast is brought to the right. It would uh be appropriate to cut rates Yes, what a world to live in I thought he was pretty clear in things Uh credit tightening. Okay. I thought he was pretty clear that things look like you have tightened more than they would have dissipated from the experiments Get some clues Steel chains of the bank that disappeared resulting in credit tightening for household and businesses pal said Uh, if if you guys still not So, I mean that's probably signs of recession because that's what caused great. Oh eight crash The big short I mean, yeah, there's nothing sort of too much to add like for today. Everything looks like it's on track. It's a 50 50 week Uh, next week's worse off for wear. So the higher we start the more we can go down Uh, but it needs to be worse for wear just purely based on the fact that we are looking That we are looking for pushes besides trying to switch to Ah, yeah option data still on spy option That's all the way down here Uh, yeah, oh no Eve we look very British now. Those are all calls now that puts, uh So, I'm in Two weeks to madness June looks very bullish, uh Especially if this is coming in we wanted to go under these guys, uh Which they were at 400 390 it was much ones much lower, but they must have So essentially what we want to just come down Be above and depending on what how the options changes the changes Uh, but it's not really sort of too too far gone I'm not gonna guys bore you guys any longer. We just got some again the two scenarios We're looking for I mean one big scenario is this hits into this pushes back down Heavy on the shorts here and pushes back up breaks out grabs uh liquidity and stops here, then we hold it up here for uh For Friday Friday, we drop it and I'm I think I'm more inclined to that But if we do it where we come in instantly go up hold it just push down and spike it uh during session And hitting low then Friday comes in and hits target pushes back Sort of hits like that Uh And with spy I think it wants to do this where it comes in I mean you can come in and do this push back down pushes holds hit Or you could sort of push in hold here break out and hit into this for Friday come back down And we don't want to go too far too uh too low uh too fast that's always a uh bad sign And the thing was out And I've got nothing more to add Things look boring And I I had all hell So I'll catch you guys