 Good morning guys, welcome back to another stream. Hope you guys are doing great Yesterday was an interesting day to say the least And today is already blowing up I Think of the back end of some probably nice data, but You can see it's doing already pre-session. It's already trying to find it sort of wings here Let's all set up the Tuesday area She says high and low comes around here This is basically the main areas of looking for terms of for like In terms of target-wise the things already pretty much hit everything that we really wanted to hit Off like a straight swing. I mean if you look at yesterday and we see sort of the breakdown of it We already knew that we had like pretty heavy resistance here Like something we we could have Potentially sort of looked at and just said yeah, cool It might have reversed off of it, but everything past this point was heavy short So it's just a split soon as you broke that you're sort of kind of free to try and enter into the market and It's not where you just buy the break out and you know, I don't really like buying breakouts It's just waiting for that retest on this sort of thing low I know it seems like you miss a lot, but to be honest, you don't really miss a lot again. It's all about waiting for that 11 1130 was that a wait time for today a yes they rather And again, you'd have been sort of Sort of gratified and sort of like if you sort of held into that I mean, it's a nice little slow burn The police captured out some of the profits and you can see that Waiting for that sort of time element there I would have saved some sort of Needing to sort of buy breakouts and buy scary breakouts again You never could tell that if it came up to here could have sort of just hit into it Rejected it hold it lower. I mean looking how heavy sort of this shorts are. I mean, it's pretty sort of heavy So, I mean you'd expect it to squeeze it out Pretty aggressively if it starts going out higher and you can see That Did sort of responded kind With so slow sort of addition here. It doesn't really look like there's too many liquidations You can see how they're just cutting through this and not much sort of Delta coming out of it. I Mean we started off in the negative and the sort of zero here But you can see that it's just not really too much on the positive side that's being added added here So it's just just showcases how easy it is to move markets when they're liquid and no one really wants to fight it It moved up while 700 700. Yeah 600 around there and without Porting anything whereas if you see sort of this area here, you can see how they had a very heavy sort of Resistance area here where it does a lot of orders to try and at least try to climb this up So it's very interesting sort of say this see this and you can you can see that where Did end up trying to go down it plateaus around here and sort of explodes here You can see that it does cause out some certain type of things And sort of pushes out Into this sort of high So it's just nice little way sort of figure out if you're grabbing in new orders or not into the market It's about to moon I Don't think it's actually now. You know what looking at this top. I don't think it's it's quite it's down I Think it tries continue tries continue. I mean looking at that retest here It carries on adds more short pushes up and look and they're already looking to add short here This whole thing has already been short We saw what we got so agreed here. It was just basically market pushing higher without really adding anything to any side but And it's being you can see how heavy these shorts are and if they didn't take profits, which I don't think majority of dead here It's safe to say that we're sort of looking at potentially a higher sort of ground at least sort of maybe one more swipe to try to take it home But generally it's just something that when they use to try to reverse and and you expect it to try and and Find its way back down at some point in life look at that Looking at this in a sort of traditional Chart you can see that again 11 30 11 o'clock did come around here is just time waiting on Again, not you just not weirded out that you missed this You could have traded it down and traded it back up and hit two times the amount you did here without trying to grab both Just trying to grab the bottom here You can see it just coming up to the Monday high. It's just a nice little retest at this sort of time here pushes along This today. Yes. I mean this creates a high here where does sort of come back down, but it just supports itself Just on this sort of close here. You can see this daily imbalance coming in here Already sort of looking at that green here where it just Rejected it very fast and just continued I want to put you want to crash to 21k Maybe I know we'll see where let's see how far we are What do you say if well, I mean if it stays here, maybe looking for it to come back into the range This is probably be the zone where you may be there. Yeah, it can possibly reverse back into this range here But generally You're probably looking to give it the all clear if you're being honest There we go if I mean 50% of the current sort of Monday Tuesday weeks He's all looking at sort of 21 800. I mean You can see where I already flipped See where we have support here. That's where your current support is with your current sort of change of the guards are I mean right now we're seeing the short stack up up here We finally got some lungs being added getting some final much needed sort of volume in this area Just looking for a Sort of decisive sort of move. I will see I don't think there's much coming out of today in terms of news wise I mean UK did have There we go. You didn't UK did have good news for once which was probably another driving factor I mean retail sales. Wow, that's that's really good Good morning Yeah, but that's really good like looking at retail sales It's up 3% that's insane and that's January January usually like Really really bad sales. So you've got to think that oh cool everyone's back like friends back. Oh Yeah Good to be man. That's so nice Biggest were department stores. Okay food serves to drinks 7% more vehicles arts 9% appliance, okay, close it on the other hand Gasoline was flat. Oh, well, no one's really using more or less Which is interesting but It's 3% right meet your arc. I'd say the least it just shows that a lot of people are probably more confident in buying X autos X gas. Yeah, I guess Read all seals your own. Yeah, you can see it's just the steady climb Nice cap of the year. I mean after that sort of stagnant period here Hopefully we get get a back we get a lot of consumer spending well too much, but we get a decent amount coming back to try fix this Fixes sort of market that we find ourselves in Back to back to CEO. We've got some support pulling it healing it here And he has a level of cushion Mean are we got is this a potentially a second sort of point where it comes back in I think only time will tell we don't have too Many important time markers coming up today. So Nothing sort of deviating the standard potentially 10 o'clock and 12 o'clock sort of shift that we normally expect And nothing sort of major that will sort of drive us home except for potentially retail sales. I mean Retail sales being good is nice and but considering we already sort of have that massive sort of climb up It's just was it was this enough to sort of adjust it or it was this over shooting So they do they have to under shoot a bit Look correct for that over shooting You can see yes, they yes, I mean the sentiment for years was down And we ended up going down which was the which was kind of what the oddity was was sort of Bitcoin is just like, okay Yes sliding down aggressively Bitcoin sort of doing the inverse So it's just like one of these two are gonna have to snap and usually Bitcoin will snap with the yes You can see how it comes up and retested that top area here And we're still looking at it Trying to find its support bearings here if it's fine support here it drags Bitcoin even higher Which is something that you want to look at so yes, they again was a mixed bag. It's like, okay Yes, doing one thing Bitcoin doing another What am I gonna do a Generally, it's just like maybe looking for a bit lower I mean if it doesn't support itself here Probably looking for it to try undercut here. Maybe even try slide out even lower down but Generally speaking it doesn't mind itself Looking at it here. I don't think it minds going down a bit further Which is kind of just like looking at bitcoins. She's like Why are you moving this high? You're moving really inverse You shouldn't be Because if you keep doing that it will snap back Very very aggressively if this starts pushing itself down Bitcoin stands no chance in in sort of holding people up But considering we've been ranging for this like since the start of month It's doing decently I mean It's just moving up and down. I think they're just collecting orders at this point You can see how it's wings high comes back and there's just a short point here this objection It sort of continues itself down. You see this is coming in below the previous Previous data left. You see that collecting some volume here It's just matter of fact if we sort of try drive it down where we're looking at below Or even the worst case come back down all the way down to sort of these areas here I would see if you find support on the next sort of rung That is sort of get to be seen it was sort of how orders are moving Game bitcoins seems to be having fun. I was itself sort of holding up here Kind of wanted to crash Again Just wanted to do the opposite of generally what everyone else does Don't really like the admissions. I think they're operated. Anyway, you know, we only went there once Which I think okay I mean it's starting to collect the correct side, which is long but I mean it's still not a big split You can see that big long a short split. So I think it still plays around a bit higher here I think waiting for the problem to sort of settle that 10 o'clock sort of range It is where you'd want to be see how far they try to take that Into the sort of higher sort of tier here They sort of come in swipe here Swipe here pull down if they pull down really aggressively to back at this top And just hold out here And it will depend on the fact on the back end of it. Yes, if it finds support here You're you're singing and I think it's trying to do that There we go. It looks like those are shorts here It's all just said, you know, I'm happy was pulling this up Looking at the sort of the candle makeups and got a nice little very wikis little candle and see that here Generally sort of opening up here. It's nice. You see that sort of volume support coming out Sort of pushing itself 100k believe Insanity You can see this area would be trapped long So I think as long as we're below here, you still have a viable course to say this will tend to go down lower So it's just sort of I think shorts broke here Looking at that Yeah shorts would break here come bit come back here as long as we're below this you're looking at trapping Trapping sort of lungs at this area just liquidating these very sort of early short shorts 15 minutes Yeah, again, you just look trying to liquidate the first half of that sort of candle Trying to hit it up back into this area if it sort of catches on this swing. It could potentially continue itself down looking at sort of Sort of mark it up in terms of how retail will potentially see this again They'll probably look at this and just say, oh, yeah, there you go. I'll have it However, they had it had it before They were yeah, they were go like, oh, yeah, oh, yeah, everything here will buy here by the retest here They broke through here. Let's just show there With these There we go Anything that dropped below here, they would have shorted so it makes sense that they go up high super aggressive Just take you out this and explains the speed at which it came in Body's not really too much because it was so flat everything in terms. So I was flat in the sense that They were just absorbing volume. You can see Be that there again, just trying to I thought trend lines because it's this little Look any lick of salt But generally, yeah, that's what you're sort of looking at trend lines for you can see that was that break of short here Those were that break of longs here. It's just playing with the candle here You can see those longs just instantly got demolished and added to sort of someone's power here Now you can see that come back up to see if it traps itself here and drops back down further and that would be your continuation and That will also drag this and that will be the only way you're dragging Bitcoin down for the day. I Don't think I don't think it's stopped itself other than that Oh, yes, actually to go up higher Nothing will stop this thing. Don't stop me now But if it if it all continues up where it goes up higher comes back retested There's no issue in terms of saying. Oh, yeah, it was who wants to change sort of and shift higher Again, it's just about where it wants to escape if it shows that desire to escape escape here This is without reading it into that loving the one cable moves. Yeah, it's super aggressive Super super good. It's also non-committal, which is nice as well. That means you can just reverse itself back Again, look at that. There's something really north. I'm looking at it on Bookmap that you have that area here where it's short Again, this is why you can make assumptions on Trends wider, which some assumptions are not wholly accurate because this would be usually a long area here But in the book map, it's just cell volume. So we know that cell volume now It's just sliding down retesting here could have just sort of Get rid of that and go up into that higher area here. So you're just potentially saying that this is short area long area, but looking at book map, we know that there's shorts here So you've got that build up of lungs potentially supporting you but again That spike higher looks a lot easier to take and now that we sort of know that We've got resistance there. We're also supporting ourselves here Yes, it's trying to find it's footing at some stage at this stage here trying to squeeze out some short If it doesn't sort of catch itself on this swing here It's sort of pretty much sort of telling us that it wants to go a bit higher and that will drive Bitcoin higher as an That's not a cause and effect This will probably just take out the range and I mean probably look for it Sort of take out the range at sort of 10 o'clock. I mean if it starts doing it really early It's just your game and itself a lot faster Good one so far. Yeah Looking at Ethereum. I mean, this is slow slow killings Just coming back up to the resistance a lot faster Then Bitcoin is So then this play was different levels. You can see where it's sort of stagnates here Where Bitcoin had a larger meteoric rise here, you can see it sort of holds itself here first half again Assuming it's the same as Bitcoin will probably a short side Coming in here pulling back and could sort of explode if it starts exploding Again, it sort of looks like it got easier running than till 16 to 5 for the most part Again, it's always struggled around that monthly level here Hopefully this time we can break it because it's just In sort of abysmal being it trade in and around this and just not find any solace and in fact that it was It go higher Because yeah, ever since we've been rejecting this it's just been rejecting it since and I was October We're now Yeah, so been almost two-quarters of the same behavior Yeah, again first resistance area here normally would say oh, yeah, this is areas away We had breakout longs, but we had them I think a lot earlier here And we can see that drive up driving factor again If it's the same as Bitcoin and we know they we know they're sort of on the short side Instead of being long side you can see that sorry change as well But this just shows me that there's a desire to sort of Maybe even give ourselves a double top at the best case if we're looking for a downside But today we're looking for that double top to come out and before anything Go down No Gold let's see how that's doing Again, just sliding down. It's nothing nothing too heinous nothing sort of to have the ordinary Been wanting it to come down. It's continuing itself down may find support here should be a bummer we'll see if it finds Continues down or just find support here again, you can see the rejection on that weekly here On yesterday Be that three out. I mean, oh 12 hours of just resisting that for sort of dropping out further Into this area here. This is now a sort of a big a stronger level of support Hopefully we have these daily levels down here that we're looking at But this could be a nice sort of small reprieve Before coming back down. We'll see if it starts continue if it continues to go down Ideally want it to continue to go down because I mean it's been hanging up a pretty long time Again, just see if it comes back down to the next weekly sort of range here And not not the most It's not as similar as what you'd expected to be again did go up But it's just a lot sort of smaller just shows that bitcoins just moving in its own sort of way just had Yeah, it's just it's one really knows why being like a maniac. It just is You can see that last sort of last time we looked at it. Double top here. Just continue itself back down to that daily level here That's sure it can potentially find resistance here And so continue to go down the sort of look and break it down See if we can go get any sort of support here looks like it's already at a stage where it's printing out a nice little double top maybe looks pretty much over Maybe we have a slight extension higher before we come down But generally, I don't think it looks too healthy at this point to be in a longer Yeah, I have a look at a that save acts not too bad Again same thing is sort of Atom Pretty out quite higher and see it come back out into sort of this area here Not the healthiest one most healthiest thing to be in the long end You're probably bookending it out here What sort of coming back down? I think looking at that Looking at this Solana game same story. I think most all coins are gonna have the same story because like they are just moving distinct at this point in time There's not really too much to say being the Coins if they're more interesting Probably be Bitcoin because again, look, you can see how the coins meteorically rising in shore. It's all coming out here I'm printing out that so large level of sort of Orders at this point But it's it's sort of first on its sort of first leg you can see a minute. It's it's the one second essentially It sort of has some breathing space You can see between these two areas is where you call it. It's it's where you have that breathing space So anything within here you can sort of say yeah We can sort of breathe between here before coming back down and then sort of correcting ourselves It's just all dependent on whether ES will is willing to drag Itself further down and therefore drag the rest of the market down and because if it doesn't do that with sort of Let's all look at this and just saying Yeah, nothing. I think sort of too crazy from news user Like I mean come on man Ah it's you Therefore nice like ins hire off the inflation data, okay One was a 16 hours ago Choosing key links, let's see peek out market Time to ditch us stocks and buy these instead. Oh Come on man. What is this click baby titles? I have to click on it now Rosa red by the sub blue will see if I turn stock markets Creativity on this one something Let's see paying aside for new years as In tech through the last week wasn't great filings have been from hedge fundings and other big money managers 30 f filing shows source fund manager been beating down shares of Tesla, of course, man Increased Amazon alphabet and meta I understand meta Because again, we've been we've been saying for a while a Google They had that blunder was Well, it's coming in the AI thing That's what it makes. I mean, yeah, sure. Google's the Google's more reactive now Alphabet Again, it's like I saw Google. Let's see. Let's see. What do they say? Yeah, Google Amazon Now looking at backwards portions will call G team Strategies stop buying US stocks as investors overpriced recent goods Inflation and remain completion of risk interesting. I mean generally looking at I mean good outfits and That's a time that shop Climb when they say, oh, yeah, we're working on AI. Oh, no AI AI messed up And then there's a cycle off It's just they're just moving it very reactively, which is not where you want to be as as a leading sort of tech Giant as a giant in general. It's just like They just been looking weak and weaker the fact that Microsoft's coming out Was a lot better investments It's just it's just showcases that these guys are just looking very weak And it's just maybe wait if I may wait wait for it to get cheaper. What's all committing? Doesn't really look sort of to sort of appetizing Things are what I'm looking for sort of try and be in this area. I Mean it's got some faults off its own, but generally it's just like yeah Uh, can it can it do anything other than sort of just decline? I Mean right now. I don't I don't think it's sort of too bad. It was state Even if I wouldn't necessarily jump into it here just because I wouldn't trust it here I think trusty a bit lower. It's probably what you want to do Whoever says I'll buy Google to kick them in the nuts for me But Generally long-term. It's not a bad bit It's just a fact that recently against especially against sort of Microsoft They've just been looking very weak and They've just been reactive because they're just scared now. They're just scared if they release an AI like Bard again It's just gonna look Looks really bad Oh Ford cutting jobs. Geez Cuz that's what I think will only you that's what yeah, that's what will save sort of Google if they have that but generally It's just I don't think you're looking at it too bad What cutting jobs I mean makes sense everyone's cutting stuff Really got that I guess Ah CPI readings There's a specter show earlier, but it's short Slowing from me. Yeah, I mean, it's fine Interestingly, I said 5.5 percent. Yeah, I mean we didn't need that for Bitcoin But generally 5.5 a guess you'd expected to buy of it I'm sorry, but he has to show his hand. Yeah again just rejecting it You can see how Look at the candles here You can see how everyone would probably have entered along here where this candle would have been green at one point and just Instantly being punished you can see that even this candle was green at one point here But this is where you normally said no you just know where you're green But you can see how the trap work and how they get laying out in result real time Just like are your people buy this here to get trapped and they get projected again if this breaks lower You sort of look at that and drag the entire market down a bit long Bitcoin along with it Appreciate the sentiment but language Yeah, you can see that short here that short here again It's just nice to get rid of these areas before sort of any convictions Down low unless it's forced to drag its feet all the way down. I mean you do have some glimmers here, but relativistically nothing Like that it took virtually no amount of no amount of Money to push this market up just showcases that is one entered here No one entered in this long. It's just so funny It's just back like like Okay, it's So from here to here It's the same essentially the same out from here to here is a positive minus But that's essentially this and this equates to the same amount of money being In in a day into the market You can see the difference and you can see clear signs that this is just being absorbed at some level So people are just selling into sort of bed walls and and so on so it makes sense at least sort of drive this bit further higher before sort of pulling it down But we'll see if this is not someone that just is a happy DCing in lower Or if it is actually something that you want to be cause concerns or Generally something that sort of brings sort of some level of Some level of like, oh, yeah something is you it's just holding up here Again saving grace for being a shorter today is probably yes if it drags its foot down Bitcoin But best case will give it it once over and just it just collapse down and maybe go to this Maybe go to this area here I mean we can see on the hour It's just pretty high up here It's coming to a point where it's not even considered You'd consider it just to come back down. I mean best case worst case depending on who you are Is this your first point of sort of support? I don't think you find support any higher than here But I mean even book map saying potentially lower for that support And still see it. There you go. So that's the same one Book map is saying one thing they're saying. Oh, you know what? We're not gonna get any orders and larger orders until here. I was like, okay, cool So all the way back into here, but I mean we have this area where we can add stuff into so All that where retail starts looking at things So it makes sense where this wide this would be a first marker Again, this being short at least want to double chop out of today If I don't really get a double top, I don't think I'm gonna enter into a short even if it drags its foot down like this It's still too heavy short to enter on like a retest it needs to sort of run out these shorts before committing to anything essentially just trying to save these are retail sort of Shorts and you want to run them out if they're not reach. I mean they have to be retail There's no way that this stays up like this and retail does not short this Without sort of any conscience or thought behind it But yeah, yeah, this break is something that you want to consider market seems to get quieter Quiet All right, I think I can wrap up for today unless you guys want some coins you want looked at I mean this is Essentially, this is maybe one play you're looking for it drags itself early on then it drives itself a much higher later Because this will start being a lot shorter And this just will be an it's all prelude to a long day if it starts doing this Because this will be selling selling selling all the way until here And you have such a large collection of shorts that the explosion will be a lot a lot greater But again, yeah, nothing nothing more to add everything sort of Sort of in in into all good hands essentially. It's just that there is There is not too much I'm gonna end it here again if we're looking at things It wouldn't it shouldn't be too much. It shouldn't be a hard day All things considered it should be pretty sort of Telegraphs and if it wants to go up or down Just wait for the break of those shorts before sort of trying and before Entering into a shorts. Maybe take out. Maybe it takes out the range high If it continues to go down again, just try and look for that reversal If it starts building up too much shorts and flipping that bias for a long bias But end of the day, it will sort of matter if yes finds a sort of support bearings before sort of If it finds support where it's currently at it will drag everything up and it'll be it'll be basically green light to sort of Extend everything up one more day And I think that's pretty much what I got for today. Thank you guys so much for coming Hopefully you guys have a lovely day and I will catch you guys tomorrow Peace