 What is going on YouTube welcome back to Bitcoin daily today? We're doing a full market analysis basically what we do in these videos We do a full analysis on Bitcoin which is the king as you guys can see here I don't know if you guys can see the shirt, but Bitcoin is king So this is what we do our full analysis on We go over different trade setups that we're looking at for the weekend We do a recap on what happened throughout this week And then we look at some of the other coins that we like to look at as well We look for trade setups there for anyone that's interested in taking those as well Please subscribe hit that notification down there Turn on that bell and make sure to like the video because it helps us to continue producing these videos As you guys can see the more we see you guys engaging with us and watching these videos and enjoying it And the more time and effort, you know, we're gonna put into creating these videos So I hope you guys enjoy this video make sure to like subscribe and comment Peace let's jump right in Let's start off as we usually do on coin market cap I always like to look at the overall picture here So if we look at a coin coin market cap, we'll see that the market cap today is 442.55 billion dollars And increase of 4.3 percent over the last day over the last 24 hours You can see here looking at Bitcoin is up 2.4 percent today in the last seven days up 14 percent guys That's crazy Ethereum is up 7.67 percent In the last seven days up 15 percent Currently trading at 441 XRP is at 25 cents up 5 percent today 8% on the week Bitcoin cash at 255 up 3 percent. It's actually down on the week still Chain link is up 7 percent today up 5 on the week Binance up 4 percent today Basically 1 percent on the week like coin and we broke 60 dollars finally up 4.9 percent up 13 percent on the week Polkadot up 5 percent 10 percent on the week and Cardano up 12 percent today 15 percent on the week guys So we've been we've seen a lot of green. Let me see basically everything's green here, huh? Makers only one looks like it's down And a few randoms down here But everything is pretty much green today Yesterday last night was a crazy crazy night We got a lot of craziness in the market some crazy movements While I was doing my video. We had a trade that triggered. So that was pretty insane But we did get to make some money on that and And it was it was fun. It was a fun time fun times. It's always fun when you make money, right? It looks like we went up You see here down here like starting down here. We've had the same pattern basically, right? So we we we moved up we consolidated bull flag moved up consolidated another bull flag and then moved up So now it seems like we might consolidate here for a little bit before Continuation up, right? So we got rejected yesterday at 16,000 And it looks like we're bouncing on this Fibonacci level right here On the retracement tool. So what I'm gonna do is I'm gonna go ahead and move this up To where we got rejected now that we've continued up. We broke through this one. All right, so So let's jump into this guys as you guys can see here You know, we started a Fibonacci retracement levels here basically at the bottom of this move So from the bottom, which was 13,200 all the way up to its peak, which is about 16,000 almost the high was 15 979 Now what I like to do after, you know, I look at the overall trend like not the overall trend But you know the bigger picture I like to zoom in a bit So I like to draw trends and on the bigger picture higher time frames and then zoom in And so lower time frames. Let's go ahead and lock this so it doesn't move All right, so Now you guys can see exactly where you know how these moves moved basically so you see here This word took off And it's just been going ever since so we had the rejection right here And then we have now consolidation in between these two Fibonacci levels, which is 15 326 to 15 979 right So what I'm looking at right now, we're looking for a breakout basically if you know, we're looking to enter We're looking for a breakout above this Fibonacci level and above that 16,000 whole number level After we break out a 16,000 the next Resistance is going to be 17,000 Once we break 17 then basically the next major resistance is is the all-time high, which is 20 So 17 is the only Major resistance left Before 20,000 so that's pretty crazy, right? So we're currently at the 16,000 We got it just break through this 17 is the next major resistance and then from there I think if we break 17 we're shooting we should be able to shoot straight to to 20 If in that scenario so it's only a matter of time really until that happens We just got to be patient As you guys can see here another we have another bull flag I what I imagine is some consolidation over the weekend and then maybe on Sunday we can See a pop or something like that That's what I would expect but last weekend we had a surge on Saturday So, you know, who's the tell when Bitcoin decides to move? because Bitcoin See is the king guys So that's just kind of from you know an overview of what I think now Just what I think you know is not what I what I trade. I don't try to predict trades, right? I I take what the price gives me so The first rule is always trade with the trend so the trend is obviously up So I'm not trying not looking to take any shorts guys if you're looking to take shorts You're going against the market in the long run even though you could get it You can get lucky a couple times in the long run. You're gonna be a losing trader. You can't trade against trend You're only making it harder for yourself when you do when you do that. So first rule trade with trend second rule You know play the price right so Right now. I'm looking for entries at the support which is around the 15,300 to 400 level and The end and then that that's the support entry and then for the breakout entries is above the highs So basically above 16,000 it would that would be the breakout entry so those are the two entries I'm looking for over the weekend looking for a breakout above 16 or a Pullback back to this 15,300 to 400 range If it does break below this then the next level I'm looking at is 15,000 as it's the a Big hole number And then this Fibonacci level. So that's right around that same zone 14,000 922 15,000 that's around the same zone now. You guys know how I like I've told you guys how I like to play this support this these support entries Even though it's a support entry what I like to do I like to see it test right and Then enter on the jump back up So the perfect entry that the way that I am playing these entries is I want to see a test just like this one and just like this one, right? So I want to see this test this 400 level and test this Fibonacci level and then on the bounce once I see a bounce I'll buy a Break above 400 and so if you would have done that in on this candle, it would have tested you would have been watching it You know as soon as you got an alert that it's going back above 400 Boom you enter that trade and you would have been able to you know ride this up You could have done the same thing on this candle came down on that break back above. Boom. That's where you enter You know it took off and then right here. We haven't had a breakdown yet. So we haven't had an entry So that's kind of what I'm looking for right now For these trade set up these support entries I want to test and then I want to see it bouncing back up on the bounce is where I want to enter I Don't like to catch. I don't like to try to catch falling knives, which is why I don't like I don't really like you know Setting up a limit order or something like that here So when it comes down to the thing the issue is when you do that when it comes down it might Go like this and test this and stop you out depending where your stop is and if it stops you out Then then it jumps up and it's gone and you missed it. So You'll notice that the price loves doing that because it knows that a lot of the people have their stops over here So it likes to liquidate them and take their stops out before taking off I don't know why guys, but that's what the market does. It does it all the time It's just the the movers of this market is how they play the game. So So that's what you got to watch out for and that's why I played those breakouts I mean those support entries like that and for the breakout you could just have your entry you know stop by entry up here above the 16,000 level and As soon as that breaks you want that to enter as quickly as possible because those things take off fast. So So that's what I'm doing there And that's basically it for Bitcoin. Those are the plays that I'm watching this weekend That is how I'm playing it for support entries and trade entries. As always you stop lost guys you know It depends on how tight you want to be but I recommend between 50 to 100 dollars from your Entry price or from the that main area that main number So let's go ahead and now that we went over the king Which is Bitcoin? Let's go ahead and look at the other markets and see what's going on See what trade setups or there might be for the weekend. So the first thing that we're looking at is Ethereum Ethereum we spoke about The other day we spoke about this on Monday. We spoke about this trade. We spoke about these trades on Monday We spoke about these trades yesterday And now we're gonna speak about them today. We spoke about these last week We spoken about these trades a lot of times guys Hopefully you guys have taken these trades because we have mentioned them in our trade setup videos So the first one was this 380 area, right? We even drew a chart here. This is where you wanted to enter so You probably got stopped out here, but what's the rule guys when you get stopped out you enter again It doesn't matter if you would have got stopped out you enter again because look look at these small stops you would have lost what? Five dollars five dollar loss five dollar loss. That's ten dollars. You would have made up that those ten dollars right here Then another ten dollar profit Then that's 15 more dollars, you know what I mean? So you would have made all that money back guys They went all the way to three three 45 so 45 Plus 20 that's 65 dollars. You would have lost 10 you would have made overall 55 dollars on that trade if you stopped out stopped out and then just wrote it up. So That's why we tell you guys you got to re-enter trades, you know market likes to stop you out. Just that's what it does But these levels are there for a reason we're mentioning them for a reason So you have to re-enter these even if it fakes you out you got to re-enter them so So we spoke about that 380 area that was the entry boom this worked out and then our second our first Take profit was 390 second was 400 then we told you guys 400 is another re-entry area right so you would have re-entered 400 Took off 410 was the first take profit for 20 was second Then here above 430 was a re-entry so above 420 was a re-entry You could have taken right here Above 430 we signaled this one in our trade group was another re-entry and you can see here this pop-off And it went all the way to 445 Which is currently we're at right now so the next re-entry that we're looking at for Bitcoin I mean, I'm sorry for Ethereum is above the previous high or above 350 if you want to be a little bit safer So you could set up by out I mean breakout entries above this previous high which is 447 50 or if you want to be able to play a little bit safer and you really want to make sure that you get a break Above 450 would be the next Entry so those are the entries the breakout entries there For support entries, you're basically looking at either 430 and 420 or your two support entries here If we see a pullback Those are two levels of I'm looking at 430 420 and for 400 would be the pullback entries So yeah, so on these you're using about you know between 250 to $5 stop loss depends how much risk you want to take per trade and Just you know, we're keeping these these stops tight because we're re-entering these trades So if it goes against us and we stop out We set up an entry right away at the same area and then when it takes off we re-enter So that's why we keep these stops so tight so that we can re-enter we want to minimize those losses We don't want to waste time on this on these red candles We want to stop out of there and then re-enter, you know what I mean So like if you're here if you're trying to enter at 400 you would have entered right 400 on the break It would have bounced around bounced around here. Let's see what it went down to Where they go down to was a low here 396. So if you would have had a 250 Stop you would have stopped out here and then here as soon as it broke again You would have jumped right back in right so you would have got right back in boom You would have rolled this up. So that's why we need to use these tight stops so that we minimize those losses And we just get these these winners you write out these winners So yeah, those are the setups for Ethereum, let's take a look at Bitcoin cash Bitcoin cash we see here. We spoke about these levels the other day as well I think We spoke about either 240 or 250 245 I'm not sure exactly what were the levels that we had but But now it's currently at a previous level, right? So this was another entry that we're that we're I think this is actually the entry we're looking at So we're right back at this entry It looks like we that this is why we keep the stops tight, right? So you would have entered here and Then you would have stopped out right away, you know, like we're not interested in anything below this We don't care for so around here, you know, you would have stopped out Look at look at what this saved you by stopping out by keeping that Stop loss tight. You didn't have to go all the way down through this. This was a major loss So we stopped out of that now we have no interest then the next entry would have been 250 But we're currently at the current entry So if you're interested in entering this we will look for a 260 break We want a break of $260 to enter here. That would be the breakout entry for Bitcoin cash and if you're looking for a support entry It would be 250 But as you guys can see it dropped so hard last time So I wouldn't be entering any support entries. I'm only looking at this breakout entry So that's the only entry I'm looking at in Bitcoin cash right now for the weekend and like coin So again, we we highlighted the trade set up for you guys the support entry that we were looking at and Again, same thing if you would have entered here, you would have stopped out You would have entered again You'd have stopped out you'd have entered again. Look at that. So let's say let's say you would have entered here What level was this 253 to 254? So let's say you entered at 254 Let's say your stop was two dollars. So he stopped out once stopped out twice So you lost four dollars, right now you entered again And it went from 254 to 263 so it hit 263 So basically to send you $9 profit if you would have sold up here, right? You entered at 254 you lost four made nine so you're up five. That's five dollar profit That's why you always you set your stops tight and you always re-enter the trades Don't get discouraged when you when you stop out people for some reason get discouraged they get You know Depressed sad emotional about it guys you can't be emotional when trading you just got a trade with logic, you know You can't use your heart in this, you know what I mean Because then that that's what happens you get emotional about it And you don't want to take a trade anymore You just shut down your computer like forget it. I'm not taking any more trades today If you would have stopped out and not took any more trades You would have missed out on this you would so you would be you would be down two dollars if you just stopped out again And again, and then you after the second time you got emotional about it and you're discouraged and then like this doesn't work You would have missed out on this move So you'd be down four dollars instead of up five, right? So that's why I tell you guys man. There's a reason why I say these things guys. So trade setups that I'm looking for here So 260 is actually a pretty decent support here. I would be looking to use that 260 level as the entry right, so Let me see if I can clone this didn't not clone Clone please good sir. Thank you All right, so let's go down under 61 So I'm interested in this 60 dollar area, right? Good enough Good enough. So So it's currently a bit above. This is It's gonna be a good area if you stretch this out You can see that this was resistance up here You can see that this is a break of it and a retest of that resistance. So we're retesting I mean where this is a retest of the previous resistance now support So we're retesting here. So this is a good area to buy in All right, if you're looking for a breakout trade, then let's see We haven't tested these levels in a mighty long time So the breakout trade would be above the previous high. So the previous high is 63 20 So if you're looking for a breakout trade, it would be above 63 20 All right, so Those are the two trade setups in litecoin. Let's take a look at XRP Ripple as you guys can see it finally moving a bit again, right? But we've kind of been in this range Right for a while now look at this range that we've been trading in for a while so we can Get some lines here so we've been around that 26 to What like 2350? This is a majority of the range we dropped under it one time really But we continue trading in this range so It's been a while since we've got out of there. So What I'm looking to do You know if I'm looking for a trade here, I want I want a breakout Right so you see that there's a false breakout here a false breakout here So we've been rejected a bunch of times. I get all these rejections So what I want I'm I'm entering above the previous high so 26 17 is a previous high here So I I'll set my entries right above that right 26 20 26 25, you know, it's anything. It doesn't matter and Then I'd have my stop basically under this 26 cents. So that would be my stop Because if we break through there the next stop is 27 cents Then we have 20 28 cents basically every penny after that 29 and then 30, right? so I'm looking for a breakout above that or I'm looking to enter at support down here at that 2350 area Get a box here. So it's basically gonna be around Here, this is that support area. Whoops. Didn't mean to do that As you guys can see we've tested this area here a bunch of times So if you're looking for a support entry, this is a support entry The breakout entry is gonna be up here above the previous high. So that's what I'm looking at in XRP ripple Let's take a look at chain link chain link. We're back to where Where we were before so I mentioned this this the other day, right? I told you guys I'm looking for it. I want and when I was up here. I told you guys I want an entry either at $11 or at $10, right? So Guess what $10 hit? So the the the entry oh My goodness stop. Oh my goodness there It didn't want to play ball So this was the entry guys $10 to 1050 was the entry you wanted a below 1050 as close to $10 as possible and your your profit was You're looking to hit $11 your first target, so The most you could risk is 50 cents And how long did this go this went to 976 so the most you could have risked Your biggest risk would have been 50 cents Ideally you would want 25 you want a little bit tighter So you wouldn't have even stopped out here Even if you had a 25 cent stop if you would have bought at 10 cents or If you would have entered like I like to enter which you let it go under 10 when you see it bounce back over you enter Boom, look at this. Look at this entry. That would mean the perfect perfect entry guys so it's currently at $12 so So the breakout entry is above $12. So the breakout entry is above 12 With your targets being $1250 and $13 Next breakout entry is $13 as you guys can see here got rejected a bunch of times there at 13 So 13 is the next so 12 is the first breakout entry 13 is the next breakout entry Support is $10 support is $11 really but 11 is not that safe of a support But it is a support and and $10 so those are the two entries I've been looking for for support entries. These are the two that I'd be looking for it for breakout entries. All right Let's look at Tezos Tezos does not care about What everything else is doing just doing its own thing just chilling relaxing and not really moving too much, right? So I I am honestly not trading Tezos at the moment If you did want to trade it, I guess this $2 area is kind of like the breakout area for Tezos if you can consider it that It hasn't gone up 9% today so so this is kind of a breakout If you if you want to enter I would just place my buy order above the current high of the day, which is 208 So above 208 you can enter And good luck. I'm not trading Tezos. Neo Look at this. We finally reclaimed this level here, which is 15 it's like a random 15 something But $16 is a real level that you're looking for here but I'm not entering that I would need an entry. I would need a breakout above 17 so above 17 We're looking at 18 19 20 And then above 20 would be my second breakout entry so above 17s where I'm looking I'm not doing any support entries here If you really wanted a support entry, I guess 15 14 to 15 dollars would be that support entry. I'm not doing that. I want to break above 17 So I know it's real and that's where I will enter um in the last but not least Just looking at the features here. We're at 15 6 6 5 um last but not least Cardano is Up 13% today, but as you guys can see doesn't really care what Bitcoin is doing and what everyone's doing It is so it was oversold over here So it's due for a breakup right for a break out. It's up 13% today, but uh, I Need to see a break above this level, which is that 800 Satoshi level or Even better what I would really want is a break Above This I want to break above this a thousand Satoshi's as you guys can see here So those would be the two breakout entries. I'm looking for I'm not doing any Support entries on this and that's basically it guys pretty much went over all the main stuff I gave you guys a bunch of different trade setups Made this video way too long So I'm gonna cut it here You guys enjoy your weekend guys the question of the day is What are the Bitcoin entries that I'm looking for what's my Breakout and what's my support entries that I'm looking for on Bitcoin? That's it guys enjoy your weekend make money pay attention to these trade setups because they work and I'll see you guys on Monday peace and love guys