 What is going on ladies and gentlemen? Welcome back. It is a brand new week So we got some brand new picks for you guys today Today is October 19th 2020 and I want to make sure to put the date out there at the beginning of the video in case people watch this video And it's out of date. You know what I mean? So I'm gonna start doing that Disclaimer This is not financial advice. These are all my opinions and my ideas You grab this knowledge and do what you want with it But there's not financial advice So let's jump right back in guys Bitcoin daily Bitcoin J here with you guys today today. We are looking at The market where we're going over what happened over the weekend and what's been going what's going on today So there we had some big moves big moves that we spoke about last week. So hopefully you guys Jumped on those pics But let's jump right in Bitcoin as you can see today. It is currently at 11,679 it is up almost 2% today up a percent over the last seven days Ethereum up to three seventy nine up about a percent XRP is up One and a half percent today, but over the last seven days. It's down four percent Bitcoin cash is at 250 up about almost a half percent Up overall three percent on the last seven days. Binance is down two percent Chainlink is pretty much flat, but down five percent over the last seven days Polkadot down one and a half percent down eight 0.76 over the last week Cardano Is up two and a half percent? Pretty flat across the week down half a percent and like coin is up one point one percent But it's down about six percent over the last seven days guys So it's been a pretty interesting weekend. I mean pretty interesting in Monday Really is what it is what I mean over the weekend. It was pretty slow, you know, not much was going on But as Sunday night approached Monday morning approach We started seeing some some movement here as you can see this morning So we spoke a lot about this level right here guys 11,200 level we told you guys that You know, there was a divergence here Between this high and higher high and this slow and lower high in the same areas So when there's when there's a divergence like that, it means that The price was running out of steam The rally wasn't running out of steam, you know, the sellers retired. There weren't enough sellers anymore a lot more I'm sorry. There weren't a lot of buyers anymore a lot more sellers were coming in to the market and That's where the momentum started shifting So we had a shift the momentum as you can see and then over the weekend It kind of flattened out a bit This is actually around the this was last week so then over the weekend flattened out and then Yesterday around here it started picking up over the last two three days You see that shift in momentum here Until today we had we went back up as you can see here and we're currently pulling back right now so If we if we look at this if we look at the patterns here, right? We told you guys that a pullback was coming once we saw this here And we said that where we wanted to buy in was at 11,200 which was this buy area right here You know it fell with this Fibonacci level and with this ascending Support that dates back to March 13th the beginning of this year So we really really like this 11,200 area and that's where we entered as you can see it Hitted a few times here before it shot up and our final target was 11,500 right here So we were able to grab that trade Righted up grab profits now there were a few fake outs here So I didn't want to enter a breakout of 11,500, but that was a breakout entry We did not enter that Because there are so many fake outs here as you guys can see But we did catch the breakout above this Fibonacci level as well as a 11,700 Resistance and we're able to grab some profits at 11,800 and now as you guys can see it is pulling back right now So Right now we're waiting to see what happens with this candle here As you can see it's pulling back. It's currently under the 11,700 range which would be this support right here But it can still pull back up above it If we go down to the hourly you'll see the hourly we crossed under and closed under So that's more for a short term If we look at the daily Here's the daily candles. So this is more a long term You'll see here you'll see this pattern here Let's get our tool You can basically close it there and there as you can see this is this right here is a Bull flag right so we had the impulse move up We have consolidation and then we had a breakout. So this was a Bull flag breakout right there on the daily. You could also see that on the four-hour chart And here you see exactly where that break was So you see the impulse up consolidation consolidation consolidation and then a move a breakout right here So the buy you would have been buying above that same level 11,500 That was a buy as so you can see here. It did fake out This on the four-hour chart. It did fake out once twice and then the third time is a charm. I guess right third time it did break out as You can see here. So we're expecting now some consolidation here If we can hold up above 11,700 then I'm expecting consolidation between 11,700 Tell about the 12,000 range that is definitely a range that we can consolidate in We might consolidate within this hundred dollar price range 700 800 So we can see some consolidation here Let this RSI drop back down a little bit And then we can we might be able to see a pump back up to test the 12,000 and above range This year's highs basically So that's currently what we're watching right now So for entries and for entry ideas. So if we're looking for a Buy a breakout buy right So I guess since we're currently under 11,700 That would be one breakout buy at that right of you know to see it bounce back over 11,700 that is a buying opportunity that you can you can try to catch Using a stop kind of below whatever whatever the low of the four-hour low here is after the break Another idea would be above the daily high. So the today's high is 11,835 so above 11 835 you would set up a Breakout entry and Then you would be basically trying to ride that to the 900 the 12,000 mark So it's about a hundred and 70 hundred and 60 ish hundred and sixty five dollar profit Your stops would probably be under 11 11 800 so if it goes back down below 11 800 you want to sell that and then you want to try again Type of thing you want to buy above the next highest one So that would be that breakout buy and then the third breakout buy would be above 12,000 So break beat above 12,000 would be another break at the third breakout buy Pullback entries. So if you're looking for a pullback entry, you're basically looking at kind of since since depending what time frame you're looking at it in the Four-hour trying time frame. We're still on this support on the 11,700 support So we haven't really dropped weight under it So if it goes the same kind of the same as a breakout buy if it goes back if we see this push back up above the 11,700 This still is playing as a support and if we close above that then you can buy this support at 11,700 because it's a fib level support And there's been price action Historically at this support as well. You can even see it right here So you can use this support as an entry If we drop lower, then we're looking at 11,500 as the first one and then Wait, where's 11,000 five? Yeah, so 11,500 as the first level right here And then below 11,500. We're basically looking at this maybe ascending support right here that we marked before for you guys as the next Entry and below that then we have this the green box here that we marked for you guys Which is that 11,200 range that would be the other support that I would consider That would be the third one. I'd be considering And then below that we broke below that then 11,000 and 10,800 to be the next support But right now I don't think it would go back all the way down there We have a lot of support on the way on the way down on any type of pullback So we have a lot here to hold us up We just got to kind of be patient and see what the market does which way it decides to go if this Fibonacci level here is gonna hold or not if if it doesn't hold and we're looking to play this support down here If it does hold and we're looking to enter back here and ride it up. All right So that's pretty much it with Bitcoin. I think we've gone over all the scenarios that we're looking at You know where we think it might go what type of plays you can do depending what the price does Let's go ahead and take a look at Ethereum Ethereum also saw a break the same type of it's been following Bitcoin basically move-for-move so if there has been Literally just copying Bitcoin, right? so We saw the break here The entry here if we're looking for an entry as you can see we hit all the way to 384 and now we're pulling back just under 380 so 380 is that support the same as Bitcoin has a support right there So does Ethereum 380 is that level? You know so you can use this as an entry if we go back above 380 and we see 380 is holding You can use that 380 as an entry to buy in the next Entry the next breakout entry would probably be above 390 and then above 400 would be your next two entries for breakouts and Also just above this high would be a breakout entry as well that you could take a pullback entry The same thing you know 380 the candle hasn't closed yet So if we get back above 380 we can use that support there If we do drop lower than we're looking possibly at this moving average here This is a 50-day moving average. So if we see that it's holding there. We can buy there, which is currently around 375 Below that We're basically looking at 370 and then 365 all right, so those would be the levels. I'm looking at if I'm looking to enter back into Ethereum Bitcoin cash Kind of a similar movement not as big as Bitcoin in Ethereum, but it did have the similar big green You know and then I'll pull back here. So here We're kind of looking for a break above this level the 252 level As you can see here. There's been a lot of price action at that 252 level So I'm looking for a break above 252 for a breakout entry here if we're pulling back Then I'm looking probably for an entry around 240 for ish To two from between 240 to 240 for ish Anything below that we're gonna have to wait for like the 220 levels So that would be that the basic of the two entries. I'm looking at for Bitcoin cash light coin we saw Kind of similar again similar movement, but it's just in a very small, you know amounts So this this movement was just from 47 to 50. They not even didn't even get to 50 and went from 4650 to 4850 basically a two dollar move again This is not moving enough for us to trade if we're looking to enter We're looking at it, you know, you could do above today's high of the day will be one breakout entry, which is 4850 The next breakout entry would be above 50 on a pullback You know I I'm not trading this but 46 is a pullback entry and 44 is another pullback entry. I'm not trading those levels, but if you guys really like light coin that much I want to trade it be my guest. I'm not taking any of those trades on light coin. Just not enough there for me XRP as you can see also having similar similar stuff everything's gonna be following Bitcoin That's what we always Bitcoin's the chart we spend the most time on because it runs everything else everything else doesn't really matter It's just gonna follow Bitcoin So you can see the same the same pattern as Bitcoin here. We had very similar patterns Bitcoin's pulling back so this is pulling back so entries are gonna be above the high of the day here Which is around 25 cents pullback entries are gonna be around 24 40 And just 24 cents flat And that's basically it not too much else to say about that chain link chain link hasn't Pulled back. It had it had a nice week last week actually It went down over the weekend and now it's kind of going back up as you can see it was oversold here So it pulled back a bit to give it some some room here and now we're pushing up again And we're still not not oversold here. So So there's still room for this to kind of go as you can see it already almost made back what it lost earlier today But the entries here are still the same ten dollars is that support that we really want? Beyond that we're not really 10 40 can be another one, but I don't like it Breakout is gonna be above the higher today, which was 11 25 And Yes, basically and you could do the other prior high here last week's high which was 11 82 you can use those two as breakout entries Tezos not much going on with Tezos. We had a move earlier, but it's already retraced it completely back Yeah, we just haven't really like Tezos. I guess 217 218 area is a possible entry, but We're not entering unless there's a pullback till about the two dollar range and for a breakout You're gonna want to look for the high of the day or last week's high of the day up here So those would be the entries that I'm looking at if I were entering that which I am not Here on Neo we're pretty much still in the same place we had a little move forward then we retraced about half of it back Um Currently if I'm looking to get in $17 is the support here to enter Breakouts gonna be the high of the day. I would do this high of the day really Which is about 1775 And last week's high which is about 1850 so that's for Neo Let's take a look here at Bitcoin futures Because we didn't really look at Bitcoin futures here so as you guys know last week we had this gap up right and we told you guys that this gap up probably had to be filled and As you can see here Bitcoin kind of retraced all the way back and it didn't completely fill it But if it touched like it was right there, you know what I mean? It's within $20 of filling Before moving back up now what happens this week we have another gap up, right? So the gap up is basically where did we close on Friday so Friday we closed at 11 370 right and Today we opened at 11 and 505 so the gap would be 370 to 505 so let me go ahead and draw that See where is my drawing tool My rectangle So the close was that three was it 370 Some of them will do about that. So we we went back down this way already but We still need to it would still need to be around this area, right? Whoops, I'm gonna just make a small thing here. I don't want to make anything too crazy. Uh, I Don't want that Just want to move this down. This is not letting let me move it down So I'm gonna just put this level here So from the close to the top of its range there, so that's about what 390 to 425 So we do have that gap there. All right, so it's just something to keep note of there is a gap Now we just have to see if we're gonna fill it, right? That's basically the gap right now Let's see if we do touch this and if we go down how far down do we go if we do test it, right? So that's currently what we're looking at Well, actually, I'm sorry this so this is from Friday and then this is when features opened yesterday So that's what those are and this was today Um So yeah, so we might if we continue to pull back if that 11,700 level doesn't hold Then I'm thinking we're gonna pull back to this range, right? We would see something in there So now we just basically have to wait and see see what happens See what the price does see if there's any we spot anything else in the in the patterns and stuff like that That'll give us an idea or a hint that it's gonna pull back, you know But that's just an area to note just in case In case it does pull back. So while this video has gone way too long. We're already at 20 minutes Last one. I'm going over Cardano again not much going on here. It's been moving but retraced and now it's started moving again Levels I'm looking at Here is around 900 sats, right? I'm sorry 910 sats to 900 sats For a breakout you're looking for a break of a Blah blah blah blah a break above the high of the day here or a break above this 970 and my preferred break above is a thousand Satoshi's I felt like somebody asked me to do 88 USD maybe I think I'm not sure I don't remember Had a request on a previous video. I honestly don't remember exactly what the request was I feel like Cardano was involved. So I'm gonna just do Cardano USD since I did Cardano BTC and I usually do everything else paired with BTC. I mean with USD. I'm sorry So Cardano here paired with USD. It's currently at around 11 cents So if we're looking at a pullback entry Around 10 cents and four is where I'm looking at You could also do 10 cents and six but It's not, you know, it's not as strong as as that other support But that is a possible that that would be your first support the other one be your second support third support will be here at 1020 Breakout you're looking for a break above the high of a day That'll be your first breakout second breakout would be above last week's high, which was around what 11 4 4 So that would be your two breakout entries But this level right here 11 20 looks like a good breakout as you can see here There was also Price action at the same level and then we had to break out here above it So 11 20 would be your first one last week's high would be your second And that's pretty much it guys. I think I covered everything again. Remember Bitcoin is a king of this space. So whatever Bitcoin does is what everything else will do All right guys. Thank you very much for tuning in and watching this video I will be with you guys again tomorrow for the next one peace and love as always