 alright everybody good morning welcome back to another stream hope you guys doing good I throw it's a bit still a bit sore use me if I don't know I sound a bit croaky I guess oh I don't sing break stop there we go okay oh man yesterday pretty quiet day we sort of had some tapered expectations of potential downsides or build up of from there as you can see yesterday we did keep up below the sort of short area line here if we pulled that across the B-wap at the point of area we sort of pushed out on just stayed sort of controlled in from yesterday and you can see even from Asia session here about 12 UTC you can see how we entered that bid here we miss it here just just kiss it and then finally I hid into it there and finally peel away again not really a reaction of liquidations rather it being a cause of actual bids entering and leaving the market which is always nice to see I mean if you also have consulting and will look within both sides it's just becomes a bit of a toss up but if we know that they're still sort of along liquidations yet to be had that means there's still chances for a downside or an upside or vice versa depending yes and yes we said okay you'll come in if it filled out in it looks pretty bearish it'll come down retest didn't really do that just came down did nothing we'll see what they do today in terms of retesting levels they come in give a nice little retest and put push up but generally looking at things right now they're pushing down aggressively probably looking for stops probably looking for that retest and once we get that retest we'll see if that causes Bitcoin to bounce at that at the level it will be trading out I mean if we go back to Bitcoin we can see that it is lagging behind to what yes already been doing more heavy short here as you can see here there's no real liquidation so we know as soon as we hit below these guys we're gonna release or have potential to release these guys to the market good morning there's your bid that was hit here again if you see something like this where you miss a bid and it reenters on the follow-through you keep that bit open or you can even enter in on that bid and usually you you get that as a second test there'll be your that'll be a double top here as you can see the nice sort of sacred and I think we've mentioned it before and given examples before these are the types of trades or ideas you want to take a screenshot off and answer of jot down for future reference because again this is the only way we can have history on order book or we get the replay mode but most people don't know how don't store or have their data being have the data stored so they won't really have this data so there won't be too much history right now is getting pushing down we do have news today where we were expecting some level of reaction coming out from today if we go into look at the calendar there we go 830 coming in let's see okay okay I guess it's not true a lot better than expectations I mean considering see numbers are okay like that's not okay we'll see how far this sort of swing down takes it I mean if they enter on a short throw here I kind of be disappointed because I mean ideally you want this like you want a second leg like there is no way they would let up here but again it depends on how far they have to go to get those liquidations are stored at these little bottoms here from sort of yesterday and yesterday again it was just 10 o'clock coming in you can see spiked high before 10 as soon as 10 came it just went back low you can see them the three minutes if you push up they go spike high whips or down then just back to normalcy just trades inside back into here you can see we just console the under there we have our main focus and that's just that's just pretty sort of to this area here as you can see there you go we have that cluster here and that's where we have that order trade come back in here so we know we got longs entered in as soon as we cross above this threshold we have shorts below the threshold so it's a very sort of split dynamic and whichever side we hit first is the wrong side to take it so if we hit the low side first you you want to go long if you hit the high side first you want to go short simple as that is it is news bad for GDP in jobless games see news is okay GDP was again it showed growth which is nice was jobless continuous jobless it went down which is again very good you on this as a four-week average though the continue game went down as to be expected be sort of she is to go down yeah it went down it went down beat forecasted forecasted was to be higher but I mean we already said this I said this I think what last time yeah you expected us to go down because the amount of temporary jobs that are available during the season is pretty high the real test comes in wait January or the other or the following weeks after see if those are anything that end up sticking but yeah jobless games to go down I don't know why is forecasted high it just shows you people people just don't don't know how the world works growth rate yeah again you can see that 3.2 quarter on quarter which is nice consumer spending went high which is good that means people are I mean it is Christmas though so it makes sense so real consumer spending I say increased to 2.3 percent from 4 to 2 percent so in slight uptake on in spending test lens by okay cool Tesla is a garbage stock it's for garbage people and anyone who buys it needs to be scammed by Elon Musk Elon Musk will come to your house and he will take your children that's what happens when you trade Tesla I'm joking I'll look at Tesla if you're new to channel we have a a storied storied history with Elon we we absolutely love the man there we go those gold on the downtick hit on this now now this is where I'd be looking at this and and seeing where stocks are in its cycle because it could as well as well and truly just hit out into this and just swing back into these dailies support or it could have a continuation down but if you're already in the short from yesterday your whole you're most likely pushing stops or wanting to push stops because again trapped barely any volume on this tick you can see that everyone went long here which again baffles me like like the basic of basic you can see that oh yeah there's you there's your there's your W here there's your double bottom for longs there's your there's your M completed here there's your double chop there's your volume node that they trade to again time and time again you can see how people are just stupid but very thin on the volume most I want to see if they just stretch it to get a bit lower again I think just volume yesterday was just generally bad oh wow it's been a while tell okay probably miles or so back on the monthly see if that's all the lines man anything that Elon Musk is in charge of is it's bound to fail just just know that like just look at the history of like companies he's he's he tried to run and he's he was removed from how is this all the way up here I must have been high and you can see just see that okay it's just track roads a track road track here's track track road track track yeah am I confusing myself it's track road right I am I'm done my brain's already gone sleep thanks to Elon Musk and your angles soon have 180 IQ I don't think it's thanks to Elon so so like how have you seen the meme it's just like oh yeah you made this someone takes it oh I made this thank you let me present it to the world but before I present it to the world let's add like an e here let's add like a z here let's add like an alpha here I don't know let's add some some random things so it looks like it's mine and do we really want to go into this because I can go into this and like because yeah let's see I was even grab any more daily levels I've got some here but nice little buffer of trades here I mean looking at this sort of slide is just insane I mean it's it's finally coming into some level of support and territory here it's just now you have to look for consumer sentiment it's super easy to do just flip on other data everyone's saying buy this here yeah that's a yikes from me but interesting enough we got an insane amount of short-hauling so it might not be too bad there's a ton of mention on Wall Street bets which is annoying and there's a lot of retail activity right so it is Tesla earnings is it's a while away see last earnings they slid quite a bit I mean that is decent but still slid you can see that it's really care again just cleared out when I cleared out the sort of short volume until here and on the downside finally got short volume cleared it out by going high there you go short volume increase goes high in short of a little increase go high maybe we go high here get out into there then put before they decide on anything else still concerned on the amount of buys from these so-called funds whatever I mean actually we can just filter this out yeah so we can actually it is there you go yeah you can see currently sort of four weeks a week out you can see who's been wanting to say sell Tesla I mean some of them timings off I mean this time is on their city group and JP Morgan is all filtered out just look at say city group when he does this oh no let me undo that okay that's the only annoying thing about this group that's them golden sacks you can turn that off if you want those all the favorites you can see there's goldman's Barclays from just sell the group sell Goldman Sachs for these nine meets by which is stupid if you think about it but you can see who's been sort of right I mean chief Morgan's 24 weeks Jesus went into that cell bug in Brian bank tolls early Brian Brinkman Barclays here side here JP Morgan pretty much started there he could sell sell everyone just think so since it is so did for a bit and oh my god what happened here but generally a sentiment did end up holding someone saying hold I don't really mark Danny who from who RBC you can see people are saying bye here so it's just might be cool with the short volume there's that switch up and then it's just that constant declining or that double bottom double bombs a bit entries but in I'll be on the side I mean it's been really so heavy for a really long time I mean as a company I don't think Tesla is worth investing in neither is anything Elon does from long-term aspects because there's only a propensity for it to sort of go down or do really worse off just totally based on the fact that look man only has two patents to his name he doesn't know how to run a business he never has he never will he's just a grown man child who can't run a company and for that reason I'm out I'm sorry I should do that but yeah but well and truly it's you should be sure electric cars are something that's viable in terms of wanting to trade and wanting to sort of have in general in your portfolio but I would look to it and look for other companies look many people who are making batteries like the thought of I think it's gallium nitrate see no go away I don't even have to spell it is it gallium I'm questioning myself there we go there it is right yeah gallium nitrate right out of pocket fast chargey accessories there you go it's a lot better I think a lot of I mean that's a thing but how should you dig for his cost of soaring and that's another thing like you think electric cars are like this is this let's say this is an axis in terms of time spent driving versus emission you think electric cars are like like this just like oh yeah from the factory well and truly like pre-production before you even get the car it's like oh my god what's what's what's all of this then it's this then it slowly does this as you collect energy from non-ruse reusable sources your emission at this point is zero but yes and then you can say oh yeah this car zero emission it's so good for the environment but like what about all this before you had the car the manufacturing cost and the actual fossil fuel used to create the batteries like it's far more wasteful than like say oh yeah we had car manufacturing goes up like this yeah cool cool cool cool yeah and I know what I'm doing oh cool it's just it's just I don't know it's just stupid really people just buy anything and it's just like and you got a wonder like what why make it's simple swap of nitrate of silicone EV batteries because shared critical weight and also charge faster and all the chemical all the chemical from game nitrate compared with silicone gets getting nitrate larger capacity with less material there you go longer range less weight it's just bloody better why are we not using it who knows what imbeciles that's why the only let's see like outside where traditional tungsten filament it becomes a semi-conductor gaze no shrinking of violent in 2007 70 from Shangdong University in China looking at gun nitrate as an anode material it's called the most studied third nitrate compared similar to aluminum aluminium rather and idiom indium indium oh my god I'm so stupid for example gallium nitrate is already used for light emitting diodes where traditional tungsten filament in incandescent light bulbs have been efficient for just five cent nitric only 60% efficiency and it could have similar effects if not quite so dramatic improvements of a commonly used silicone such as semiconductors like just a no brainer man like if you can go out and and say look instead of getting 200 miles on the charge you can get an infinite amount you can get an insane amount of charging is 60% more of your range it's for control top G said that they don't want us to have electric cars for the environment yeah they don't give us they don't give us with electric cars they just switch it on and off from a distance I guess so they can yeah see look I know I sound a bit tid foily but I'm not really actually I am but I'm not like a nut okay like I'm I'm I'm a racially if only sometimes rationally sinking person person let's go back I mean yeah big ones doing a thing it's just coming back to it's holding again best case it's double top at like you're gonna get a second leg I mean like looking at this hitting green look I mean the only time you won't get a second leg that's when it's like superficial like this but I mean even here you got a nice little double bottom and it's just peeled away as like as fast as it could but generally there you go second leg I mean it's it's always bound to come like if it just shoots up she'll be pissed thank you see time yeah so I'm gonna buy a Mustang see I want to buy buy a Mustang but the UK streets they can't support American cars you guys are just too fat like we can't even fit American people here I mean yes is back at that support level so we see if it starts rallying with with sort of Tesla as well everything just sort of goes up again sure trade Tesla but don't like add it to your portfolio it's like a good investment that's just my advice and we went in a whole tangent just and if you want to take trade the crypto assets of the stock exchange trade bio trade bio stocks but I do warn you you need a lot of knowledge prior we can look at some old coins I mean everything slowly did slide down was to be expected I mean it was all most things were at resistance we did expect it to sort of try and find its way down we do have plenty of areas to consider as potential catches so you want to see if they sort of hold on those catches if not we sort of expect it to drop down further for Avax we only really have the weekly support level or do you just under these stop-punt level here where people would almost likely be able to play stops my throat really hurts man it's like someone like hit the back of my throat really hard again you just left it sore wait that's fine same things Adam I mean sure I did hit up into there give you sort of the extra leg high coming in from like yesterday you can see that it ends up going down from when we wanted it sort of here came back hit back into there what do you think the next shift of the next will be an cycle I have to say really I mean all you gotta do is start joining underground groups not underground groups but like just random groups start talking to people and just buy into investments that basically have have a lot of preamble hype make sure to use your safety nets like token sniffer like rug screen and then just check out there your basic rule of thumb if you're trying to look for mooning coins as long as it's not been heavily heavily already news news advertised or sort of published about there hasn't been that many mentioned in Wall Street bets you're good you're good and in terms of selling I can't tell you when to sell because I fumbled like like seven figures man just because I sold early again it is stupid man like it's something that I mean that was younger days that I've worked on myself but though it still sings other data the reason why I'm going with that it's just gained what wants to go mention on Wall Street bet like we can go back in the past you can see where we've lined up here I've mentioned on Wall Street bets here people oh my god yes whatever it's earnings yay cool but what do we do sell short everyone's shorted oh no what is it doing oh no what happened to my short give me more easy firefighter do you think it's advisable to take low leverage positions long to now leverage matter I mean it's just just I mean just manage your risk that's that's pretty much it like leverage is just basically and we talked about this like it's just if you have an equation that let's say bloody bloody blood but equals and then the equation will always equal to one percent and your factors within this equation is let's say equity so let's say equity then it's minus the no it would be minus yeah no it would be minus it would be I'm trying to make this into equation right like let's say yeah no yeah yeah it would be sort of how much equity you have then it'll be divided by whatever they will equate to sort of one percent loss of that let's say it would be let's say how many how much you want to put in let's say you want to put in X amount and your leverage is a multiplier so you use leverage as L as a multiplier to sort of figure out if X times L divided by this will still give you a one percent loss if it goes up to this price would it be worth taking or not that's pretty much leverage is it's just a multiplier to say now I can reduce the amount so now I can reduce the amount of X and cover myself in other positions so let's say if X goes down that means I have so I have E minus X left in terms of let's call that Z in terms of to go for the next trade then it'll be sort of Z can cover start covering this trade here let's go to call this T1 as for trade one and trade two can either be a hedge or a counter party so if T2 starts trading counters it starts covering this let's say this trade ones loss T2 covers it so then then your loss is sort of negated at some at some level even even covered if this goes up higher no that's just the way you want to think of it very very methodically it's just a tool that's it I have a whole video on my channel so let's call I think risky business or like risk management something like that but it should be still up then it goes into the concept a lot better it's a very sort of nice way of looking at things and yes still sliding we look at this you can see they hit out long stops to some certain extent oh there you go there's long stops long stops long stops iceberging on the on this side to someone's eating up for some reason this slide which is which could be telltale that we might start pulling up it's 800 800 around 800 each one so probably the same entity here just willing to be under this sort of microscope and hit out into these these lower ends having in the pre-market so most likely some asian you go to SP 500 and spy before you leave yes sure putting up instead here's the thing like the reason why you see yes over SP is because it's she is most people don't have the data but it's comparable like one to one one's just 24 hours look this is what like yes just stands for and I don't know if you're new to trading or not yes just transfer e-mini like it's just the it's just e-mini like every just calls it yes it's the e-mini contract e-mini sort of spider contract or it means it's the future contract for sort of this and all it means then that's why like you can tell where spy is gonna open just by looking at yes cuz yes will always be on except for the hour where all exchanges are closed and then you can just play catch up you can see how yesterday it did it did sort of just pre-market wise go higher like this but if you're not trading extended out no you're not trading extended out you train where it allows you just see this gap up into this stop you see a lot less in terms of looking at sort of actual trades so anything I say for yes is you can just take for a spy but you know for the most part for every part whatever spy will do a yes will do the same it's just your spread will slightly vary here and there but yeah generally you can see that they tried to sort of fill out into this but I mean very tight on these longs here pulls out again going back to yes you can see yeah very high on these longs then they just pull back down you see where they split out on yesterday if you look at yesterday in this totality there you go long here long here push it down very aggressively you can see how high high how big the spread was on the lower side versus spread on this top side you can see it was very shallow they just hit that into stops you can already tell that they were already trying to manage this downwards at some point in time but now we're just coming back into redressing this now it's just so if you look at this and just say okay look if we're already sort of already in this in sort of future wise so probably see we'll see if this causes a flood of liquidations down then pushes back up that's the only sort of effect spy will really have on the yes it's just opening timed it's just okay how many contracts ended up have had to be settled another leg for doji thing I'll see it's just how many contracts had to be settled outside of actual trading hours and ended up coming into sort of provision on exchange open that's the only real effect you really have and that's why 930 is a nice time to avoid because it's just most time it's not actual traders anything it's just contracts being resolved and some dumb traders following the resolved contracts into that direction it's just I don't know man some people are just special that's why you trade sort of you wait 30 minutes trade 10 o'clock get everything sort of settled out nicely doji coin I mean sorry to found a high see final four hour love this monthly uh yeah I don't know man if you want to lose your money go ahead lose your money put it into dodge again anything you don't touch is I'm I'm hit like adamantly against in terms of him being any sort of spoke person for anything he's just what we call a blumbering buffoon it's a bunch of sort of resistance I mean pulling up get up into there maybe get a retest maybe maybe you can find yourself up I don't know man it's up to you to take the risk it's not something I'd trade that was a 50-foot knife just saying dump it my love like I know I can at Solana still within sort of territories where I'd consider it on a razor thin knife I mean the only real support we talked about it was this sort of support level here where we have that sort of volume note here sort of we held here on this on yesterday and we sort of pushed up so now we just keep continuing to try and look for internal we don't really want to break this low I mean we'll break this low really if we break this low and but still sort of hold within we're sort of doing sort of somewhat fine start breaking we start sort of looking at this side-eyed in terms of trying to re-enter we'll look half for like higher higher level reclaimed reclamation for doing so yes so I mean if it goes down we just wait for it to sort of find a support level something higher then give us a retest or first case just give us a retest like this at a pre-existing support level but all in all just waiting if it sort of slides we're waiting alternatively if it just holds here stop once this we're probably better in terms of just saying this and this is sort of an area where we sort of take our positions and just try to push up first here then maybe even higher and targets all these types here it's all been interesting see I think things are in a good position today uh I don't even know if there's any holiday because it just felt like there was no volume yesterday uh yeah because um yeah everything's got everything's open I don't know normally I didn't think yesterday was like anyone was trading yesterday but they were I think there was like just zero volume let's see yeah like seriously just 26 wait Christmas is on the 26 you guys told me 25th I don't say I'm gonna have to google Christmas oh yeah equalize all right 25th there's a public holiday day on the 27th why is this always confusing to me okay so Monday yeah it'll be Monday so it's a three day back holiday coming up damn but they're gonna have to do a lot of work on like Friday or today like hopefully they do it today because I'm sick and tired of this being very boring because I mean they've hanging around Tuesday they've just kept here Wednesday if you push down aggressively I'm happy then they can just they can sort of springboard off I mean anything between here is decent in terms of calling that a available sort of springboard uh but if we start going up higher and higher and just hang around up here that's sort of bearish we still have tomorrow in terms of data wise just the last set of numbers we're looking for uh we do have a couple of uh having an inflationary for JP probably good for you guys your yen traders but tomorrow a personal income personal spending it's probably a lot a lot better to wait for sort of uh I mean wait for that to get an actual sort of swing trade off of uh because again I think everything was setting up so though these two dates um uh and we'll see like the complete sort of uh follow through on tomorrow if not today so could be a boring day could be a fun day who knows uh just sort of trade safe uh either way I think I'm just gonna wrap it up here uh thank you guys so much for coming hopefully you guys enjoyed it uh again like you can always just come up with questions in your own time and just ask me them on stream I do enjoy answering questions and rambling uh anyway uh hope you guys again enjoyed it and found it educational if you guys have any questions do feel free to ask in the discord hopefully you enjoy the rest of your day and I will catch you guys tomorrow peace