 What is going on guys welcome back to Bitcoin daily today? We are talking about we're doing a recap on what has been going on throughout this week So first things first as you guys know yesterday Bitmex got hit with a charge from the CFTC and as you can see today here open interest on Bitmex drops 16% investors withdraw around 37,000 Bitcoin in less than 24 hours after the charges All right, so that's one thing that we're keeping our eyes on and that's one thing that led to Bitcoins price going down in the last 24 hours around 4% um, and then the other thing of course is with uh, the whole trump getting corona virus And reporting it this morning at 1am So that led the stock market down which in correlation also led Bitcoin down as one of one of the only safe havens That's been correlated with the stock market as a recent So um taking a look here at the market We can see that everything is pretty much in the red in the last 24 hours if we just go down All top 10 coins are in the red Um, and we just go down basically everything is red So um everything has dropped because of this news in the last 24 hours bitcoins down three and a half percent ethereum down six and a half percent Um xrp down almost five Bitcoin cash down six percent finance coin down five percent polka dot down 11 chain link down 11 percent And uh, litecoin down seven percent. So um, those are just some of the coins and let's just jump right into these charts and uh, let's take a look at uh, what's going on And what we might be able to expect over the weekend and on monday next week Um, so as you can see here, this was the drop off with the news. Um over the last 24 hours And uh, as you can see, we're holding support here at this Fibonacci zone Which is super far away. Here it is Uh 60 the 61.8 percent zone Um, the Fibonacci retracement level we have been holding that level So it has played a role yet again here as you can see this bounce Um, and also, uh, we have some support at the 10,500 level Which is a psychological support area the area there So we're currently on top of that now if i'm looking for a entry here Um, i'm probably looking to get in above 10,600 as a breakout trade or i'm looking to enter as close to this Fibonacci retracement level as possible So that's in the 10,400 range. Um, anything in between i'm really not, uh, doing anything there. There's just Um, no sense of direction in that area So you want to look for a breakout or a support level to enter other than that You just want to kind of sit on your hands and stay out of the market Um, looking at ethereum Um, it's, you know, obviously followed bitcoin as well Um, let me see here if i can move this Fibonacci retracement tool hold on let me Let me see if i could stretch it out so we can Oh is it locked hold on unlock it Stretch it out a little bit over here Lock it back up All right, let's see Just wanted to see if uh, we hit on it or not during this drop It doesn't look like we reached that level um, but We did go all the way down to about the 335 area What was the low here on this drop? 334 so yeah, so about the 335 areas you can see back here It also played as a support as a minor support. There was price action there So price action could have been expected in that same zone um If i'm looking for a trade here to enter, uh, I would probably be looking at the 350 range Um, so i'm looking for a breakout trade above 350 350 you see here played this a support here played support All over here all over here so we can expect price action if we cross that That number so that's mostly what i'm looking for. Um For a pullback. I'm not really looking for any pullback entries Um, I'm only playing that breakout for the moment if we if we drop down deeper then we can look for a pullbacks Um, maybe down to the 320 area is probably where I would like to enter a pullback Um other than that right now. I'm only playing that breakout on ethereum Um, if we look over at bitcoin cash What do you got we're currently at 2 19 to 20 zone so that's kind of a Support resistance area there from previously um, if we're looking at it, let me see That 220 area. Yeah, look at this 220 area Let's go ahead and put a Let's mark that 220 go ahead and mark it All right, so we got the 220 area I just want to be able to see all the times it hit on on 220 look at that And then it hit it there as a resistance resistance support And then we're back down now You do see that when it was dropping it there was price action there They tried to hold but it violated through that price and then now on our way back up We've been rejected there. So if i'm looking here for an entry I'm probably looking above this high right here, which is the four hour high Which is around 226 5 So we're looking for a breakout entry above 226 5 basically In that range, uh, if i'm looking for a support entry, you probably got to look all the way back down to 200 Um, which I doubt is going to go that low But 200 and 210 would probably be the other support entries you could look for in, uh, bitcoin cash um light coin Looking at light coin real quick. We're at 45 Uh, we went up. It's really hasn't moved much. We went up as high as what 48 And as low as 43. So, uh, there hasn't been too much price movement here It's all trading between a pretty pretty small range It looks like between 40 to 50 basically is the range that it's trading at um I don't know. I'm not really taking any trades on light coin for the moment Uh, I guess 43 dollars would be a support that you could look into entering And if you're looking for a breakout, you're probably just waiting on 50. Um Um Yeah, I just don't see uh, I don't see much movement here. So I'm currently staying out of that. Um xrp looking at xrp I also saw a drop here back almost back down to uh, our support Uh, our support was at 22 cents range. So this is the support. I'm looking for an entry. Um, if you're looking for a breakout trade a breakout entry Let me see. Let's look back over here Maybe around the 23 cents and 25 23 50 range. It's currently at 23 30 So 23 50 could be a possible, uh breakout entry here Um, and your target would be 24 24 cents 24 50 25 So that that's uh for xrp um chain link Chain link also dropped a good about 11 percent or so in the last 24 hours. Um, we're back down under $10 range. Um, so I'm looking if I'm looking for a breakout entry. I'm looking for that $10 um, that's that uh, that's a strong psychological support resistance zone So that's basically what I'm looking for something above that and I'm using $11 as my main target. Um And uh, if I'm looking for another support below $10 the only other support below $10 that I would use to enter is in the $7 range. So, um Unless that it goes it drops down that low. I won't be doing that uh entry I'll just be looking for the um breakout entry um and tezzels Tezzels down six percent today um The entry here would be probably this $2 range I'll be looking for that support entry at $2. Uh, it's at 206 right now. So it's it's uh, not a bad price to enter um, and then your targets probably going to be uh, around 220 And 230 looks like is would be your two your two targets. Um Let's look at neil Neo dropped under 20. So we're back at 18 Um, if I'm looking to enter neil, I'm probably looking for a breakout above 1850 Um, and then another entry would be a breakout above $20 I'm looking for a support. It looks like 1650 would be a decent support to enter at um, so 1650 And $16 so 60 between 16 to 1650 would be a support entry above Uh, 1850 would be a breakout entry for neil Um looking here at the bitcoin futures You can see uh that we've kind of after that drop we've kind of just kind of consolidating Might be forming some sort of bear flag here. So we got to keep an eye on that Uh, and last but not least let's take a look at cardano Uh, also down 4.23 percent Uh, for entry here Let's see. Where is it currently at to 884? So the main breakout entry that i'm that i'm looking for here is Above this 989 80 range Um, i'm not sure if i'm entering anything down here. I just don't really like anything maybe Let me see I don't know. I'm not i'm not really liking any of the support entries Um, so i'm only looking for the at this breakout entry for cardano right now Um, but yeah, that's pretty much it guys just wanted to to recap what was going on in this, uh on this week with this, uh The bitmex charges and then trump with the corona virus and who knows who else Um That's those are the levels i'm currently looking at if you guys are looking to enter any trades Write those levels down and pay attention make sure to set up some alerts in those levels so that If the price hits that you can set up your trade Um, that's pretty much it for this week guys Enjoy your friday. Enjoy your weekend. I will see you guys next week. Peace and love