 Welcome everybody, welcome back to another stream, helped you guys do great, those are my links if you want to join. Here's a general disclaimer, obviously it's made for educational purposes, one statement depending on how you see things. There's your mentor read through and now we can start. Now without further ado let's get started on what happened yesterday. There were two options that we were looking for and again we ended up getting the latter of the two which was the retest option. So we came in 830 and we've got about four minutes before we get this going price hit down. We were expecting either price to go down but or if it ended up going higher which it did we're looking to come in on a pullback which we ended up getting the pull back. So and this is what I mean in terms of you never know what's going to end up happening but if price sort of runs away from you there'll always be opportunities to grab it at a later point so there's no need to sort of chase price. Let's say you were scared I mean like all of these people were they decided to go long they were like oh no I don't want to miss it I don't want to miss it price is breaking out they all bought they all bought then finally they got liquidated and this is where you want to come in when you see people getting liquidated because up until sort of I mean well up until sort of 10 o'clock or even up until this break you're still expecting the potential prices to come in and just sort of collapse on itself. I mean sure it had that sort of small little retest here but this again could easily just continue downwards and hit into a lower before going up high and that's where your patience as the trader gets tested in those sort of areas. So dissected a few more just looking at the orders justice oh there's a painful one okay so came in got a bit of shorts had some longs we're chugging along we're chugging along we're like looking at this and slowly sort of surmising that it needs to sort of go down at some point and it does but it still collects a decent amount of longs to this point and you're still thinking that there's you're looking for that swipe down we ended up still going sideways cutting a bit more shorts so we need to counteract that a bit then finally explodes and then we get the thing we are looking for which was this and we could have got this much earlier in the instances where it comes in and does a swipe into this lower area but we got that here and that's just sort of what you're ideally looking forward to trade into here's a lot of noise here's sort of clear cut everyone's getting liquidated everyone's panic selling and that's sort of where your perfect entry comes in and well safer entry then and relative to where this comes in and versus this again here you always get better thought placements and over here just sort of blind and you don't really know where you ideally place things so you're looking at things as a potential born and it just comes in and just says yeah it's not something I'd put too much trust into then up it goes up it goes clears it out now it's sort of setting up for the current sort of new cycle that we're sort of prepping for it really hates that I have like a week's worth of data loaded I punished this system come on there we go now it's sort of building up longs and this sort of ideal case for us if you want to look for this to sort of reverse on it head should get a better reaction out of it I mean I ideally I mean there's there are some points to look for I mean there we go personal income there's nothing happening on lay on so again whatever we end up developing here is what should end up staying the trading below sort of this area here so we're coming into this with flashing long we already have these longs coming in so we're looking at this and saying okay that's something that you want to look for for it to go down if it ends up going down and swiping down like super aggressive on this bar it'll just recover for the day but that's not something you want where you want sort longs to come in and when these longs come in then you want to sort of reverse it if you want to go for a short on the day you want to prepare ourselves with look at yes I mean had sort of a nice little uprise again you had that 830 come in it pushed up swiped everyone out into a high level retest left the gap from spy wide open so now we have this area as a retest point if we go for a lower target because this is all green so target one target two area for lower areas and now we're sort of opening much lower than where we closed so we've got that to fill into we have an hour to fill that out and again it is going higher as its first point so again we're just looking to do the opposite and once we get that we're just we're just sort of coming back to and just saying okay it's going high they're clearing out liquidity on the on the short side of things so more likely they're going to go down and sort of end the day and end the sort of week on the downward swing so if we change this to regular trading hours there we go we have this massive massive void just raring ours to sort of go fill out the void up top here so fill this out already we're already gapping up so i mean gapping down so we have already another sort of gap that we had to fill out if we go on the if we go up we're already going up we're already collecting long so an open people will see that and sort of flash them flash longs and once once they do that you can probably grab that on the reverse swing and see that come back down it's not sort of too much to sort of look for for today i mean it should be a decent day considering that we're not looking for too much i mean it is what it's just Thursday open there's Wednesday there's Tuesday there's Monday it ends up being green if we go higher but we're already looking very sort of bearish as we're coming to 411 now they're just playing around within this territory and the same thing is happening with bitcoin but at the same time it is collecting a heavy amount of long so you are look you are relatively more bearish than you are bullish in this instance here that theorem she has there is doing again similar sort of story here just not too much to sort of change it yesterday's day here came in sort of similar things but we're sort of trading red rather than trading green and bitcoin is flashing red now again very pin on very high pin on this doji so it's it's now sort of devising people to go short see if they continue this bar down or i mean because if they do they'll start trading everything red because remember we're just waiting for the bar close and we have 10 minutes until that if they sort of bleed that bar all the way down could look a lot more bullish for us but right now we're just looking at this as okay we could easily just come in with the bar just as long as we get enough buys coming in we're ultimately then looking for that to reverse we have a decent amount of short term short term long short rather here that needs to be cleared out so we're just looking for that first to be cleared out before we can continue going down if it goes down without clearing those out they just become additions which then will lead us to the upwards where we just build short go high or build long go short because again there other than this for the day there is no real sort of big news that will pivot the market one way or another there we go once red now is already fashion green looks like they're just testing the breadth of the scandal and testing the breadth of where traders will likely come in good morning bro how you doing it's just there's any news coming in people saying sell oh god don't give me bearish news that just makes me bullish uh you know what they're not wrong but that's the thing like if you look at this on the four hours here's where 420 is they sell sell above that uh if people start selling at 420 the markets just go up higher until they they're going back to that all adverbs of i actually bought the breakout where people end up buying 420 uh then you could definitely see it reverse on it so it just depends when we come to that uh when we come to that level are people buying or selling or people heeding that advice or sell out 420 other than that just doesn't really matter let's see uh stocks on friday might give us more portion of the previous session back i want i want no weekend this week uh uh might be fresh out luck i mean if we don't move anything today then your weekends are going to be just stuck in front of the screen i mean i pretty much had my weekend uh let's follow this up uh let's see mega corpse like meh uh msft have haunted uh by talks of slow growths in amazon's cloud business uh now that likely earnings will take a backseat for a few days as attention turns once again to monetary policies fed reserves will deliver interest rates decision next wednesday oh there we go wednesday midweek yeah see i people always find it weird that i don't use bookmark for scalping uh just because i don't like scalping it's too much it's too time to consume me and i have a life i use it for a long-term analysis uh maybe start for a little bit uh it depends on how this uh ends but yeah it could definitely roll over but we're still uh we're still sort of determining that there's building a decent amount of longs but again it's not nearly enough uh to sort of build on a actual roll over uh period because we still haven't opened the traditional markets and you can see where we're coming in already uh the closest closest was here i'm already gapping down but so there's opportunities just come in slam it here and we have this entire area to go into and target if we can roll over we can roll over but if we start building and shorting on the open uh it could definitely be a lot more bullish so it's just the only thing you're looking for in terms of uh caveats uh just because there's that opportunity the way they just sort of put a fast one we still haven't closed this uh bar off they've got another five minutes uh we still need to determine if this ends up being a red ball or a green ball uh i mean they're sort of building up uh no uh no i'm not using those candles that's what i think uh who'd use that uh trade the reality users those i don't use those uh the volume candlesticks uh i use i use raindrops because i have i have more respect for i have no respect for volume i don't know that that's sort of determining without sort of knowing where that where it's trapped at because if you've got volume profile or some variant of book map and you can see the levels at which these volumes are coming at coming coming out of and where they're sort of being trapped at there's no real need for those candles because you don't really care if this was a high volume bar this is a low volume bar you just care okay there's a lot of volume and it's trapped here there's a lot of volume but there were shorts volume doesn't tell you shorts long just tell you so there was there was activity you don't know uh what extent uh having a small little choke here building up the cells so they're probably gonna sort of expand on this and go up a bit higher sort of dig or fish for a lot more longs on the higher side because here's where you've trapped longs we're not really going too far away from them so we're not trying to get these guys out just yet for the most part uh instead we're just trying to get as many shorts as we can uh at the same area that we previously had once they sort of close that out could then see that try and push i mean i think today's just going to be a run back of uh whatever we did yesterday and we've got levels i mean you can see this is where the market pretty much closed yesterday you can see it was decently far away but not too far that's sort of where you have the volume being trapped at so we want to come under it if we want to be bearish any any attempts to retest that that will sort of grab breakout traders who are a bit too antsy and you have stops just here so we can easily just come above here grab these stops as long as we're sort of very quick about it and then they can sort of drop that back down because i mean looking at sort of long term uh picture i mean we know the long term sort of picture was this is just like a big fat m and even on so short term uh you have a nice little short term m here how you want to draw it and you can either draw it here to here nice little short throw m and it was sort of already below this and we've been trading below and you can see this recent addition of spike volume just adding back into where we had at the start of the week just showing there's a lot of longs getting tracked very easily so we're expecting price to try and continue and go down but it's just how it ends up doing that and where you end up getting your entry at is the key thing uh marks also i think should be good uh of summer just because he's i mean you have sort of what may looking a bit weak what mid mid-may looking bit weak then we have the final sort of interest rate decision coming at the back end what in front end yeah the back end of july uh that'll sort of cause some kerfuffle but i think if it's going to cause kerfuffle we're sort of probably going to build up towards that uh being very bullish so i mean we've got the weekly here we could easily sort of drop a few sort of points back to what 38 390 388 around here and from there sort of come in looking a lot stronger before that interest rate decision uh and just looking at that news article telling people to sell here if people do sell here that's just really bullish for us because any bearish news is mostly bullish news because uh most uh most news articles are propaganda uh machines uh so it's just something to always uh more or less counterparty if if the volume is right because if you're getting short volume you know these guys are not going to be right because here on the weekly you can see they got a short volume here and you can see the volume where they trapped them at at this level here is where they got them previously here and you can see how insane that short volume was a lot more than the previous one so you can see that hot entire week was mostly short and you can see how they easily got punished and instantly got out in a couple of sort of bars so you can see how how much they were punished by so it makes sense to just come in and say okay a lot of people just coming in and just uh selling the short uh and it just becomes sort of novelty to see that everyone just falls for the same thing the same sort of contrived thing time and time again uh now it's sort of not got too many shorts to sort of uh liquidate on the high side we're just coming in milling out if people start shorting this based off of uh what they were told by news like oh yeah it's not going to break out this time they're going to stay perfect within this range they start shorting it that just becomes a hell merry there i mean it's sort of perfect range and uh even divide this up into sort of where the 50 percent is uh just based off volume rather than basing off anything else and there you go that's sort of 396 comes in nice comes in with these tops are just above sort of this sort of uh start of the volume for this candle and starts on the latter half of this candle so could be a first point that you look to uh and in terms of sort of uh anything uh anything uh based off of uh uh range trading looks like a nice little secondary test there's what's there's sort of where you'd break up out here so we get if you don't get those breakout buyers here then you're sort of scott free if you do get those breakout buyers you get a pullback very aggressively and it does the way and it comes away very very nicely but just looking at how everything is handled itself what gold looks really strong it needs to sort of push itself back down and sort of learn its place because if it doesn't learn its place then you're just coming in and just saying that okay it's just too inflated everyone's rushing to it into the safe haven you've got too much liquidity being built up uh here as everyone is scared but we need to clear that that liquidity out because it just becomes uh unprofitable for those who are making the market to just try and keep this full sense of security uh up as much as they have so you can see on the month each and decent amount of volume built up here mostly sort of buys as people sort of rush to gold so over the next sort of couple months you're sort of trying to see that come down as sort of stocks and everything look a lot better start midweek midweek made looks a bit weak for us in terms of uh seasonal trading but other than that I think we get off pretty scott free just because there's not too much holding us down I mean this is just inflated it just it just screams uh it just screams these buy me to retail traders like as well and to us it's just okay that's a short then is where we want to do the opposite of what everyone else does and everyone else rushes to this in droves we want to sort of look for a perfect opportunity to sort of sell this into the ground because I mean spies monthly just it lines up nicely I mean this sort of nice little push down very nice now sort of moving into that range sidewards trading and uh got the guy's name but there's your sort of where retail draw their range volume sort of comes in here and sort of ends itself around here in terms of where you're looking for so you could adjust this from here to here which we did do so you can see how there's where people will start buying and there's where they will start getting trapped in between this area here and that's what you're trying to look for is that's a perfect area to sort of show that if sort of people come in start buying here expecting it to go up higher as they as they see it and you can see the volume will build up here then they would just sort of collapse itself loud in his face alternatively they could just push it push itself up and once they push itself pushes itself up you see people selling into this area here then you just put a bid wall here if you see a lot of people just panic selling book map you can just sort of grab that as okay they're just selling into bids to then be squeezed out but we need more short volume coming in anyhow because that's the only way we can really push up without costing too much is once we get those people going short and once we get low decently low level of short that's when we sort of come in and come in and continue going higher because again trading is not about making the majority of people money is about making the least amount of people as rich as possible Bitcoin slowly going down building up short it does look like they're probably going to swipe up higher as I don't know when the market sort of opens like that again so paying everyone sort of short in that very early everyone short in this area here so you're probably expecting to get to try and take these guys out because people going short in this bar play stops above here now we know that's an easy liquidity point for us to sort of target if we're looking to short it we're only looking to show you when to be once it sort of digs its teeth into the people up here doesn't sort of get these guys then we're just looking at it pretty bummed out and just saying ah they're not they're not doing that they're not doing anything of value and if it ends up sort of leaving us again just like we did yesterday just wait for it to retest and again you can see how that bat red candle came in after breaking everyone's sort of balls basically they let them go up high they let them believe in the breakout only to snatch it away from them and make them sort of be either liquidate or be panic shorting before finally going the way that we wanted it to go nice little pin here again could just continue down again that's where we ideally are looking for downwards move but it's just when are we gonna sort of execute on that is the sort of next question you should be asking the only sort of real thing i can look for is seeing the build-up shorts coming back at the same area that they already have previous shorts being trapped at is them only logically taking out a high they take out a high that's when you're sort of coming in saying okay then that's when we're showing because we have all this liquidity just reach free for the taking and that will sort of translate into longs and it will translate into previous areas here as you can see it starts to zoom me out and looking at yesterday's area here that's what we have a relatively high amount of longs as long as we trap them where they previously were we're not letting them go free we're not letting them break even we're just going quick swipe adding more coming back down and when you have that area you're looking for signs of absorption so you look for signs of high volume increase but relatively no movement i don't know not much to add here i mean you can see that's panic selling it didn't really recover off of that uh you have that 30k wall that we're looking for if we're going to swipe up higher on the previous day and previous week and hit it here and they instantly put it back up and just kept it there so that just becomes of interest a decent amount of panic selling but you've got areas where people will come back and buy just above here and then that will become where you look to target because we know when price comes here people will either most likely buy on spot it's a breakout buy quote unquote or that's where these guys uh on the futures would be liquidated just give me another one to move not i think you're asking for a lot man if you're expecting another 3k move just out of nowhere uh i mean considering what this did i mean i don't think we'd do anything like this because after doing stuff like this i mean instantly recovered but it just goes back into consolidation considering yesterday was a news day and these were just price action days uh it just speaks volume that yeah they're just really interested in keeping price uh here for some reason i think ahead of uh the interest what was it monetary policies oh next week wednesday what was happening next week wednesday yeah interest rate decisions at two three yeah kind of conference as well so that's what was great but keeping it up for our entire week it sounds like a tough argument uh and they have the weekend to consolidate anyway so third look good look nice because we know monday Tuesday usually builds up for whatever or they usually build it up two days in advance or how many how many ever days they need to advance to trap as many traders and interest rates always a very very big report so we expect the biggest moves to happen then so i mean if you get something disappointed days on monday then it's uh it's no worries and what usually i mean this is still then uh sort of reason of what we expect seasonally from the weekly aspect a nice green clothes after sort of very sort of a bit small i mean you can look at that instant recovery essentially you can see how nasty these weeks are but if we end up closing here and just consolidating during the day he just speaks to us to say it's okay you know what this they're just interested in saying there's your end there's where we're trapping volume and we want people to go along here ahead of sort of the interest rates then we start nose diving in the next few weeks and come back to the all important seasonal charts 19 years but each bar has 19 data sets and you can see that 29 percent it's a very low percentage and it's a very consistent 29 percent and it's always just right around these areas here you can see someone's usually really great for us how nice nice and dandy this is oh those look painful now all bordering models look at the options just sort of grab that i don't know why it's never just to see where people are options are a nice way of saying okay this is very very bearish that's coming what june crazy pull this back and pull this all in that's coming in the next few months not too much volume but you can see this an insane amount of calls to be had around the 400 marks so some mixed bags here but mostly i think we're probably looking to be under sort of this for june and the further we're away from this the better it is for the people trading it just because this becomes profitable for them uh as they sort of punish them but we've got some points here because where they don't they don't want it to be too easy so they'll probably be higher for a bit for starting to take the may decline that we had mid week because everyone's expecting this to be bearish so we might come up high create that and just drop start dropping just falling below that area here we want to be above this punish these guys you want to be below this punish these guys essentially it's just it's just punish as many people as you can that's that's the aim of trading sick sick game anything else of interest i don't think there's too much uh any other things to discuss he's starting to come up higher now bitcoins already closed this very red go back and look at this it's a mixed bag but mostly short uh so around the time i mean it sort of stopped actually at the previous area here i'm not grabbing too much see if it starts grabbing a lot more off if this was that peak but again like i said yesterday we have the peak it's nice to say that we'll continue to go down but it's not always the case because you always want to account for the possibility of a stop hunt before drop down and if it does just continue to go down we'll have points to come back at so it's never a sort of missed opportunity because there's yesterday's sort of B shape point here and i as i said either you just wait for it to sort of break out or wait for it to do this it broke out came back up scared the life of everyone and you just came back at the request one week yeah definitely a fun week a lot of fun things happened they were coming back up letting those guys come in i mean concerning we started the week very very nice and softly here she broke Wednesday decided to just hammer it up we just had what not come come through instant recovery just pulled in and just Thursday morning day relative to the other two days and hopefully i mean hopefully we close green this week and we can sort of sort of say that it's it looks decent we just came in swiped up just end up consolidating and Monday will just lead us into sort of down the spiral that we're looking for potentially yeah i mean the only real concern is probably the build up of shorts it's getting up there we want it to not be too too many shorts otherwise that's more likely for them to just one more causes them to go up higher because we have this and this where it was a logical high that when people took and again this is it comes back to the whole thing where breakout traders these sort of gave up at this point because they were felled by this a breakout and they end up just shorting this area here and end up getting punished for it the next time they're around they just by the breakout see every time they've just leveling slowly leveling the shorts out you can see the people who came in short here just slowly being leveled out before it finally just all dropping so if we see that build up of shorts we'll probably see that a higher rise or higher push to try and get rid of those but when we start coming down and we see that gradual rise of shorts at a support area so it'll be in this case 406 if we can get it pushing much further to all the way down around here before building up too heavy and then see that as a cause of pushing up higher there's sort of not much to do here other than sort of weight it out by very happily going back up and just opening the bar just closing it closing the gap that they sort of left again that's sort of there it is 412.11 and that's where that comes in at slowly coming in just already closing in bitcoin just failing to sort of uh follow suit it's just biting its time slowly biting its time you can see that they've thought close these nice and even here but the same thing on the other side very nice and sort of tucked in so you're just waiting for it to decide its first move and you just treat the first move as uh very much uh a sort of the fake move outside of this range we can hopefully grab that and reverse that other than that yeah that's all we're looking for and alt coins will follow suit they'll just be at different numbers there's no real need to look at them like I said like I say all the time alt coins just follow bitcoin for the most sure they'll have some different numbers every now and again but they only really get the go ahead to move when market when bitcoin allows it and I think I I won't keep you guys hostage for much longer just because you guys probably want to prep for it prep for the market it's opening up soon you guys get get get your game plan ready hopefully you guys uh you're good today and hopefully ends up going our way but let me usually it does anyway very rarely am I wrong about this thing just a matter of bad execution at this point uh nothing interesting to look at yet uh so we'll probably leave off there like I said there's not really too much to say uh that's different from what yesterday nothing's all too much uh not to say no not too many changes so I'll leave off with uh with this trade safe have a lovely day and I'll catch you guys next week