 Welcome back everybody to another stream, hopefully you guys are doing great without further ado, let's get started We'll start with Wednesday's overview because we skipped Thursday Wednesday's assessment was We're going higher to go lower We were potentially looking to target about 29,500 Just about miss Daniels just shy I think a couple of ticks depending on your exchange You might or might not have got the exact sort of figure there but nevertheless The entry at 20 29 500 was not really a must As we sort of developed a lot better after the fact and had a lot more confirmation Coming in much later So this was initial sort of high that we were looking for as we came in we were looking for it I mean high best Slashworth case again depending on who you ask we're looking for price to be up here here but starting point Again was that 29? 500 So we ended up getting that shadow 29 500 like I said, you didn't need to sort of enter into there You could have easily just missed that Seen the large amount of short Seeing that knowing that we would come back to some certain extent See the swing failure below the trap liquidity here And now we can see there's a desire to keep that where it is As you can see we've got a lot of people sort of coming in and clamoring into that short But each time you have sort of corrected that they gave you there's one chance There's two chance, and there's your third chance and your final chance before it Ultimately, I mean you can you can say this was a chance But you can see that there were multiple choice entries other than the perfect entry at 29 in 500 that you could have entered into and That was either here here or here and Failing all of that you had at least this where we came in you got these shorts coming in then It spikes a bit higher And down it goes again then comes back again and keeps going down And they did that during that throughout the whole of Thursday and they did that throughout the whole of Wednesday as well as you can see Where every time they did go down they ended up collecting Decent amount of shorts as you can see each time these bottoms builds up a short so you're expecting some Sort of jagged move upwards to try and get rid of them or shake them off as much as they possibly can Before they continue back down, but each time they're protecting these sort of highs. They're protecting these highs So now they're slowly building the image. Okay, we're building up liquidity here We're building up liquidity here Built up liquidity here So at some point they will reverse it, but we're just going with the flow now and just carrying on our Wednesday trade which was a carry-on and a continuation of our Monday trade which was Just a short at the high and now it's again finding itself mellowing out a bit but Still collecting some level of long and you can see that here They're getting a bit big green for What you ideally would like So either looking for it to fail at the same point as it did In these areas where it had an area where it created resistance fail then Fail to come back up above that trapped area Again failed to come back above that trapped area and We might do the same thing here or might take it out again. So I'll have to play Of our fields. There's no real news alert coming in. So We're not going to be trading this as there will be a massive surprise and In the works just coming out of left field. It is just It is just purely going to be price action trading. So no I mean you can say some speakers will Might tip the scale here and there but Not really too much Good morning How you doing man? So again, if you look at this, this is Where it ended up falling in the internal point here This is the maximum mood sort of allowed in allowed to give it And then it just continued down and as we sort of Discussed on the book map over you can see the three chances very clearly here here and here There's your little outside structure Pulls out and disappears Feels good to be good. So yeah, it feels good to be good It's always nice As you can see this sort of all of this is sort of liquidity that's stacked up Now we've got to see Where we uh, where we come in next because Here if we draw this, this is what retail will see So now when you're looking for Buys at this area, let's see if we get breakout buys And we'll also stop out some late shoulders here. So we'll see if that ends up coming into effect and We take out this high and fall out Sort of this area here so much sort of later this decision So what we're looking for is people to sort of try short this then get Horse corrected see an explosion Of this and say, okay, this is a breakout So they are more inclined to sort of buy this and say, okay, this will go our way then We look at this in terms of the timing It is being presented to us which is really early in the morning. So we look at that and say, okay, let's just Stop hunt high and then they'll just reverse it and still continue down Which at this stage is not a bad thing. Uh, I know we've been sort of looking for a lot lower I mean if you've been here for a while, we've been looking for 24 500 for a while now. I don't think we'll get that in this sort of swing here Uh, but a mannequin dream In terms of stops that we haven't hit We just we just got this area here. I mean we've sort of touched that very lightly on this, uh, sort of On yesterday's tail end That'd be today's morning or or no, yeah, that'll be today's sort of Asia session Uh, and then sort of now we're coming back up essentially. We're essentially looking for higher to then And she carry that back down lower. We'll see if it takes these stops out and see from there where it goes But generally speaking We're looking for something to happen because we've been Of in this range and this area for what the better half of a month now. So very sort of tight movement very sort of Elected uh trading essentially Now are we getting the things that we want, uh, which is the bias so we're getting bias Which is nice, but we're not getting an explosion of bias which is which is ideally Your best case scenario that you're looking for to get into a confirmation So again the stops will be around here Sort of break even point will probably be not not even break even the sort of uh Idealistic case where Go as high as you possibly can be Would probably be around here But again, it could be a simple stop hunt and reverse I don't know what's wrong with me my throat still like Like the frog stuck in it and like that for so long that I can't even remember Oh, it's like to be normal Uh, so we'll probably look at uh some altcoins because I think a lot of things are in an interesting position right now uh We'll see if they uh, if they do something Or they get delayed But generally the way bitcoin's moving it should be a nice little Nice little aside for us Uh, bullish areas. I mean this here screams slight amount of bullishness, but It's okay until until what veil is it bullish? Is it until here or does it just springboard and just continue to fly over? so this is again Maybe some support founds here But is it sort of a glass support that ends up breaking uh after we sort of get what we want Because you have to be uh any anytime you see something like this you have to be mindful it's like okay We've been going down steadily and everyone sort of just been scared out there with And they've been shorting. So we have again an excess build-up of liquidity Uh available to us and it's an easy sort of take because if we squeeze these out Then they will lead into a cascade where we start squeezing more and out more out And then if we come up to here squeeze All of this out Maybe that leaves us into squeezing all of that out So you just have to prepare for the up west worst best cases with these And the way we prepare is by looking at spy Yes, we'll look at yes because it's pre-market we'll see how if we're going to expect a gap up or We're just going to continue on that error trajectory so interesting, uh, the only thing really interesting note is that That second touch to the high that we talked about after where We saw es have Can move down before open the spy had a nice little gap down And we're looking for spies sort of filled that gap Wednesday If filled that overshot it hit into a daily resistance then back down it went a few gaps here and there And they all always get patched That we can sort of see that There we go. This is what I'm talking about where we sort of closed here open there Filled out here. So again minimum fill will be here It ends up stretching and taking the stops out here again Telltale signs of them just grabbing And checking if there's any more available stops for them or any willing breakout buyers But in this instance, uh, there wasn't any again Telltale signs will be a The trap liquidity up here Be very thin on this bar and the volume The body of the actual sort of candle is much lower than the, uh Length it traveled Then closes perfectly here. Then you see that large gap down Then repeats the exact same thing for Thursday where again Clamor is itself back up and then off it goes So at 411 looks like we're pretty much opening at the same position. No real traders coming in look at that on The pre-market on here There we go. Again, just a flat line. No no interest coming out of it. So very very boring essentially boring chop Which is always a nice change So now from here where we're expecting again, we're pretty much opening up here Opening up into this area of resistance So we sort of mark that out. So we have some Availability to the upside on the open, but again, it's more tailored towards us going lower. So we'll see where we Ultimately ends up subsiding We do have a couple of areas that we can look to Namely these volume nodes here Again, the support back at the top is here So maybe we're coming around here fill out these sort of voids That are present Then from there we then rise And bitcoin that will sort of cause it to sort of go back down And hit low. I don't think that will this move here will be a move to 24 500 so This will probably be I think around Hazard Without it. I'll probably be around here about 2700. So not too far down, but same time a decent way Decent distance away uh Looking at sort of squeezes squeezes usually sort of until uh a next sort of move to happen After a squeeze there's only one thing that can happen is price expansion And it's just figuring out the direction to which we're going towards And from there on out everything is just All in line So again, like always starting off out Is icx, okay, I haven't marked this out yet but I just think I've marked this uh If not this the Can you check the There we go. I marked the spot There you go. Nice little spot markings Uh, we'll just go back to the future We'll have a decent amount of volume anyhow, so Nice Now we use Yeah, again, sorry, I keep changing my mind but It's important to know Using the correct Data because That will shift your bias especially Especially if you're using one of the other then you have to sort of read the numbers a bit different Uh Again instead of reading these are sort of short you read these are breakout buyers or shorts from uh or liquidations from the future market Cascading as buyers here. These just again still be considered traffic In the outcome and the sort of uh Ending that you get is others is the same The way you derive it in terms of how you think about it. It's like different Uh entering double top a very sort of shallow short throw. Uh, I'm about here Met itself back at sort of this sort of base here Uh, if we're looking for bitcoin to try and sort of make its way slightly up Maybe we get the chance to hit around here before Inevitably sort of pushing ourselves out In terms of long wise, you know Again, there you go. And there's your zoom into the four hours There's that aerial talk about already printing a nice little double bottom for us Uh, so maybe we get a slight little push Uh, with sort of the opening of the market We get a little buy a nice little stop hunt We'll see how far it ends up taking if it stops early if stops a lot later Then from there again Would be a prime opportunity short It's been sort of moving pretty erratically or pretty high as of late, which is Always something that's nice to sort of curb Uh, this one new one to the next one in the near It's very far from where to check for where we have Similar have these two as markets on a different amount of volume Uh, but Daily's here sort of like that ends up working out There's your top level resistance fail to meet that stop much early at this area here There you go push ourselves back again looks exactly the same As uh icx or bitcoin does at the moment where we're at an area of previously established support where we do have volume At the same time We have ability to go a bit higher And then maybe we can sort of drop that back down and target lower stops Uh, not really the same amount, but I mean there's a sharper drop Bitcoin Don't want to say stability, but uh lack of a better word would just be a bit that Getting somewhere around here you're looking for it to try and find it Find some footing Take it up higher see where it ends up falling at And where it ends up falling or Buying a lot out is where you expect it to break Thompson works around 50% of this entire move essentially around these areas So we see if that leads that Into pushing These lows out Oh keep going now see on to the next one This one already currently green on the day The cash I think Don't really care for what it's called as long as it's tradable. That's all we care about Again Some random garbage to look at as long as the garbage looks adequate we can trade it Let's see how bitcoin's coming along a bit of shorts here and there but again Just lining itself up pretty nicely into that swing Hopefully we get a bit of an explosion of uh bids I will lead us to then reverse Against uh our current Your current future predicted up swing Uh, not much to say here not much to add again exactly the same It looks like pretty much everything's lined up to a T But all these coins are just At where they need to be And from there they'll just sort of push a lot of coins again Same so doesn't make sense Individually Exactly the same we've got an error of stab to the resistance up top area. It's just different numbers that we're looking at next one Just trying to get through them because nothing interesting to say Exactly the same again slight variations where you have the bodies where it closes but Again, just exactly Again, exactly the same as a newer coin, but Just look how this just lines up as the previous one where you just got the exact same shape The exact same potential outcome it'll print exactly the same as bitcoin. It's just what It's just what are you feeling? What flavor of garbage are you feeling today? Just no variations In Like you did eight machines here. That's slightly different again And now you can see why I only really focus and care about bitcoin As long as all things are lined up and they have been for a really For a really long time It just makes it easier just to focus on bitcoin because if you've got that down pat Everything should just fall in line Yeah, again at support Just looks slightly different, but it's just more of the same thing Just sharper turns here and there again There's your peak went a lot higher Correct against it already, but still just add an area where we consider it a support In push up take this sharp curve out It stops available here A lot of stops available a lot of people just shorting these areas here. So we could definitely squeeze these out. It's just Where are we feeling? In terms of to squeeze them out. How much do we need to push? It's good things to make Good things to make things easier for everyone. It's a good idea to take screen shot with a chart After decision start to have a channel community I mean, I can just post in the discord Tell me which charts you want or post in the book map discord I have a separate channel like if that's something you want, I'm happy because it's just two seconds normally I'm busy, but And these charts barely change anyhow It's just slightly slightly fewer more lines get added Here and there some get deleted after a while or I fully reset the chart after a while because things get a bit too much But generally they just stay the same It's just about copying these onto your chart Because look it's a simple process where I just click this There you go. Now you have that Post that into our permission to write my own channel Post it in the actual chat. There you go. I click on that link and visit the site It takes me here. There is a picture. There's the numbers In the actual book map itself Book map itself is I mean the water book itself is very fleeting. You just have to sort You catch it in hindsight one time. Then you just repeat what you saw in hindsight Uh as if as if it were a foresight Yes, that does make sense Because right now with this but all we're looking for is Does it explode? Do we get large bids? Either yes or no How far does it continue either here? Or ends itself early here Do we get absorption? When do we get it? Again, we're likely to get it at its pinnacle So where we get the most absorption where we get to switch over from All this short to long Is where we expect potential reversal to then try to trade it down So you're looking for either on these two x's One might come in earlier. So if it does happen here It might come back down See that a lot of people just instantly switch back into a short So they could easily see this as a shake-up And From there they said, okay cool. We broke everything we needed to do And then continue back down. I'm turning off the smoke No, I didn't want to know off. Ah We didn't need it anyway again, we'll just look at dot Zach Title thing exactly the same thing Just took out a high came back down supported itself as a higher level that we can target But generally we're probably looking to fade this with everything else just because spy It looks like it's pretty tops out again. We talked about this being largest on double top. I mean pullout chart patterns for Come on man. That's a double top and five. It's all one That's the right in channel. I don't care for it too much But you can see every time this trend line here. They break it you reverse against it because you can see Here you have breakout buyers So you can easy say our retail came in they bought here. They got punished We came back one more time And tested this area to see if there's any more liquidity that we could have grabbed on this breakout Uh, and the answer was no normal liquidity. So it's just a fish. We push back down If you missed it, there's your return back at this area here So you got the confirmation after it is subsided on the first day You could wait for the next day over come back came back around push back down And back at this bottom where touched where we have all the short is All the short has come in they get trapped now. They all they see is a flag And they short this like the life depends on it. They get punished Oh, it looks pretty easy to me. It's just nothing short of too Characteristically difficult about this again the exact same thing There's your channel. There's where retail came in this there's where they saw the breakout And they got trapped say oh, yes, we break out. It's And punish all the way down Now They switched to short And that's the only reason I'm calling for a replacement because we're really heavy on the short we got look for some semblance of a Of an equilibrium where we come back up and sort of balance things out and Let all these guys who've been comfortably short just Have a turn at feeling what it's like to be in the pot seat again Well, this feels like it's closing up even look at the room on the weekly looks pretty simple nice little basic basic little thing nothing sort of too major out get perfect, but again, there's Triangle ascending descending it's triangle There's your small peek through and you can you saw it on the daily where We pushed up of that channel. We saw that breakout a couple of days. They got a day where they had a retest Retest they saw people through That retest they punished them let them come become buyers again And pushed it back down essentially in that week. It just looks like a small It's now do we hang below that and continue back down Come back into here where retail will more than likely be Happily Happily short here and still willing to short They said i'll buy and see the breakdown. Maybe they expect this and they say, oh, yeah, it's gonna go down bear market one of a whatever garbage they're peddling and we could then look to reverse this and finally when Either we fish for this come back down or we just fly by them then they get picked up much later Up here retest finally Coming back around here then push back I know that look messy, but followed you followed looks like like i'm mounting an attack now, I guess About damn time I mean we still have I mean the day is very new and not too many traders coming in looks like this Volume currently Which is nice because that means they're gonna move instead of moving Asia. They're all London. They're moving New York Because I mean they moved London here Relaxing New York moved Asia here relaxing London came back from came alive from New York a bit and relaxing now after that New York move Hopefully we pick things up And continue probably back down. I think They're looking I do down that feeling that I mean We've got a lot of spaces here and there Fill out. I mean we want to look at gold. Well, that's that it's going down with the rest of the market Finally Don't like it is that it's going down with the rest of the market, but I like the fact that is it is going down I don't think is right Just hanging around too much and again This being really high is the only thing that tips me that saying. Okay Are we probably Be like straight down Just waiting to catch a big move at 10. Yeah And I think that's the best thing to wait for maybe we go up high then slam it back down Without waiting without sort of doing anything but It's just gold. It looks very trippy right now where Okay, if everything is going down, why is gold so high up? Does it have Brets to move even higher than it already is is it going to break new grounds and just be obscenely expensive to own goals Because I mean even on the monthly you're pretty tops out of what traders I mean look no volume. I mean some volume no volume A lot more volume a lot more traders coming in and just running to gold So as traders are running to gold That means they're not really too antsy on it. These they're not They're not buying stocks They're spending money here But this is not going anywhere, which means okay We now have a trap set of long so we could easy go down And flood out all the gold traders The best way to do I also do that is Push the market higher than these guys just panic And it just becomes a Cascade of constant Sort of liquidations and selling and they'll just push the gold market much lower I don't know. We've been looking at this for a while. It's just long term Sort of saw this like yeah down it goes down it goes We're sort of happy We want this to go down it's building itself then it comes back up. It's like, okay. We wanted to stop somewhere here Just come back down But it continued to sort of stretch its wings and it found more bids surprisingly They found more willing buyers here. So maybe that was its master plan But generally this is just a nice little m Looking for us again, it should should it should come down, but Then we've got look at all season analysis towards stocks. I mean, yeah, sure. They sort of pick up drinks uh july and The latter half of summer So it'll make sense that everyone would probably rush out of gold and push into them. So it would be sort of a bullish market environment so maybe Right now all we're looking for is a going But on the long term is going lower then just so Fly from the markets after the fact Then we've got a call in the question. Well today, have we gone low enough? Do we need to go a bit higher before pushing back down? How is it also meant you're going to shape itself? I mean depending on the type of trader you are you can again just hold out wait for the bigger moves sort of Sort of to speak And if you're the bigger move kind of traded you'd have picked it up pick Bitcoin up here here and here like essentially on every sort of low you'd have averaged it And just wait for this will move to transpire well up until this point Just sold some here because it's a high remember you always sell at highs Then you'd all probably picked up whatever you sold back at Oh, yeah back out around this sort of 50 mark here And up it goes you're selling here Waiting for the bigger move the bigger move will come in that retest here Is this is just what push down? A bit of a spring Bring tests Break out I'm expecting this is essentially backing up action And from there up it goes and shifts to a distribution which then Goes up higher then leads to gold going down lower which all fits into our Nice little pretty image that we're painting of gold a bit potentially coming lower But is that just my own biases? No, there we go. So again Low start to this attack that we've mounted, but it's coming eventually there Finding time We'll look at the news while it Attack It was coming said pauses loons be careful what you wish for Let's see what the analysts are saying Hmm the optimism sparked we go by better than expected results from us bank bank banks Big beasts have faded first quarter earnings season now might generously be described as mixed If news on corporate profits cannot push the spy Through the top through the top of its five months range between 38 and 42 Then bulls may start To may start refocusing on macroeconomic factors for support Specifically a boost to sentiment from a belief the federal reserve is finished raising interest rates and will start cutting soon What was the calling it was calling for one more hike? Uh got one we got what 25 basis points and we're getting another 25 bases coming in Uh what next quarter? That was tank prices a bit and after that what we're not too fearful, but again We'll cross that bridge once we get to it because there's still a lot that can happen from The current bridge that we crossed and the next bridge ahead of us So who knows if that if we get a rate hike or we just actually don't get the rate hike Maybe three months from now. We look a lot better But is the fed pause and cut value? The narrative realistic analyst from Wells Fargo and Evercore I Suggest that over the medium term it is not Oh You may reach a pivotal point in a dozen days 12 days just Uh, actually no Doesn't means two different things. You can either be a baker's doesn't he can be well At different it can be 14 it varies just say an exact figure Well, there we go this 12 days I mean a dozen dozen Markets plays uh a 83 chance on the fed increasing borrowing costs for another 25 base points To a range of five percent to five and two and blah blah blah The probability similar sees a hike in june price Just 21.7 and lower the after cut are deemed likely by early fall Ah, okay early fall Well, that's coming after the after source. Yeah But I was sitting all worse in september. I guess looking for cuts. Okay Uh Obviously the many investors think the fed will uh will say the next statement that it will wait and see mode However, there's much to pay on how long the central bank may pause before cutting rates again and this may cause disappointment for equity investors And my throat is just seizing up. I don't know what's wrong with it Uh, so where was I? Uh The fed blah blah blah wait and see Uh, again wait and see it's like, okay. We'll just be reactive. Uh, I wanted to comment that It's just mainly focused on labor market. I mean They've been trying to fix the dying labor market by introducing child labor Uh and and sorry spicy little Spicy little thing where I think couple state or one state started of earlier 16 increasing hours and ability to Uh work night shifts and longer hours. So That's one way to fix fix fix the economy. Just get children to do service roles. Yay I'm all for child labor Do the jobs that we don't want to do All for the purpose of experience According to austin pickles investment strategy that will foggles any pop From indications that a monetary Lightning cycle is always likely to be short lived And producer chart below shows the spy Performing around at the end of the past five rate height cycles and how it fares until the Barometer subsequently normally Okay Let's see 99 This night five landing So horribly no, I don't want to see related contents. I want to open Open image link Open image in the new tab. There we go. I love you. Thank you better Uh Uh So it's a mixed bag, but eventually it ultimately doesn't do well for it. I mean, obviously you have some sharp crashes, but Okay Should slightly recover then come back down. Who knows Chart initiates since 89 Uh stocks have rallied after eight heights headwind is removed historically that though cycles outside of 95 no landing scenarios rally fizzled out and stocks just drag blower as macro environment deteriorates Okay, yeah, so essentially what I said So small rally and fizzles out Fizzles out Entirely Interesting little read Finish it because it's nothing to finish. We'll see if we finally got our move Getting shorter is here. Uh, it's it's actually kind of nice because that means we have the chance of pushing it up much higher Then we would have if we didn't have these guys. So maybe we're going for a bigger push So just waiting for that to come in again. They'll probably expect it in an hour or so If we're expecting, uh, it to take out the range it develops Develops here. I mean, it's already stopping at the daily imbalance here But we could always stop hunt this and By extension, maybe lead all the way up into here Before coming down again If you see that stop on high You're probably going short if this pushes back down And does this instead Probably going along and until you see large enough amount of liquidity being eaten up Then you find a reverse Versa point Other than that, I don't think I really have too much to say on on the matters Um, we recovered everything we want to do. We had some news But just again Have like you see these shorts you're waiting You're probably going to expect it to go higher at 10 Take out the tops Then from there you're shorting again. You're just looking for Where it ends up ultimately, uh stopping out. You just don't want to buy on the first swing Or the first open you don't want to get caught on Uh a sort of tear where it says let's say this is an entire 15 minute box Where it comes in It wipes down comes back out again And does this a bunch of times and finally closes up here Up here after the 15 minutes again exaggerated Uh then finally goes down so you'd have bought and sold a million times in between that 15 candles because you were scared or You didn't get the entry light or whatever and then You'd have sort of made a profitable trade unprofitable due to your indecision As well as your inability to wait for things to come to you And with that I think we can call it a day Thank you guys so much for coming. I hope you guys have a lovely weekend And make sure you guys trade safe I will catch you guys next time Peace