 What's up guys, we are going to be starting in about two minutes I am grabbing some water really quick and then we'll jump right in so two minutes What is going on ladies and gentlemen today is? Monday another Monday the 26 about 1 32 p.m. Eastern Standard Time and It's been it's been a it's been a crazy week since the last we spoke So today in today's video. We're going to be basically covering everything that happens last week And what's we can expect this week? So we'll jump we'll jump into looking at the prices first Then we're gonna look over the economic calendar Not really too much going on until next month But we'll take a look at that. We'll take a look at the top performing cryptos how the market's doing overall Go over some news the latest news from the past week, which basically went crazy, right and And then we'll end it with a Bitcoin analysis at the end of it any Q&A So if you guys have any questions about anything that that you want me to answer Basically about crypto or anything that's covered here or just anything in general Just drop it in the comments if you're in here on the YouTube live and I'll answer that towards the end So let's go ahead and jump right in to the price as you guys can see. Let me Let me switch over really quick too. There we go As you guys can see here Today's Bitcoin's price is we were pretty much consolidating, right? So Bitcoin sitting at 30,000 141 right now. We've gone as low as 29 9 to 5 so You know expected after a massive massive candle here, you know, we've basically Retraced this entire big candle here that we got on Friday All the way back down so we've we've basically collected a lot of that liquidity that got left with that and And now we're just kind of consolidating in this range. So this is basically forming You can see here it formed a big bull flag here Then we got a big breakout here to the upside and we had hit a new high So that that's actually this is a new high for this year 31,000 475 So if we take a look at the rest of the market, let's go ahead and refresh this really quick We can see that overall Today obviously everything's kind of either flat or slightly in the red But if we look at the last seven days last week, you can see in the last seven days Bitcoin's up a 13 percent over 13 percent Ethereum up over seven percent Bnb is down XRP is down We have Cardano up over 8% Doja up over 4% Tron up over 4% almost 5 And you're gonna see this a lot a lot of that basically light coin up over 13 percent as well Polka dot up over 14 percent almost at 15 percent. So we've had, you know, some some coins are definitely Outperforming others the biggest one here You're gonna notice is Bitcoin cash in the last seven days Bitcoin cash is up over 100% guys Over 100 percent. That's that's pretty wild. It was literally under a hundred dollars at About over like a little bit over a week ago. It was under a hundred dollars up over $200 today So pretty insane there. I'm chain link over 20% is one of my my favorite projects here That I've spoken about previously chain link Avalanche Polka dot, you know, some of my favorite projects that are down a lot from the previous from from the bear market and I've spoke a lot about like when as well with the halving coming up in about two months But because of what's been going on with the overall macro economy, it's kind of been suppressed It suppressed its price But we could potentially still see a run-up on like coin as we lead up to that halving event So that's something that we're watching for as well if we come over here and look at the top performing in the last seven days you can see number one Bitcoin cash over a hundred percent and Beppe is finally back in the mix with a 65% run-up there Bitcoin SV up 49% Radix up over 37% conflicts up over 30% as well Near protocol at 29% Casper at 28.5% so those are some of the top Gainers in the last seven days some of the top losers is a trust wallet down 5% Rocket pull down 5% XRP down 3.7% So we down 2.9% So that's basically what we've seen in the last seven days Let's go ahead and take a look at the economic calendar See what is going on if there's anything going on which there really isn't too much this week The main things that we're gonna see this week are gonna be on Wednesday and Thursday Jerome Powell once again be Speaking on those days just like we saw last week You know that could always that always has a possibility to bring in some Volatility so that's why I always mention it, you know Depending on what they speak about they're gonna be I'm sure they're gonna discuss You know something to do with With the upcoming with the interest rate hikes again, they he spoke about it last week again, and he said that Basically, they're they're expecting for two more interest rate hikes Coming up soon. So if we pull up over here This was in the news from last week. So right here Fed chair Jerome Powell Advocates two additional interest rate hikes this year So that's basically what he kept, you know saying over and over They want to make sure to get to their goal of 2% inflation So until we get there, they're going to continue to create to increase Rates at least an additional two times is what is expected at this point Now when those two additional hikes are going to come in we don't know when and As far as interest rate cuts, he said that they're that they're not expecting any this year now I think that they're taking kind of a You know hawkish stance on purpose Because they don't want to they don't want to overheat the market because with all this going on, you know The markets basically been in what feels like a bull a bull rally, right? And I'm talking I'm talking more specifically about Traditional markets so over overall the last basically month the market has been pretty much in a bull rally And now this week we started off in the red So that's the first time that we've started the week off in a red in in probably a few weeks And I'm sure that the reason that they're taking this hawkish stance is because Because of that they don't want this the market to just continue going crazy And if they said that there's gonna be rate cuts at the end of this year or beginning of next year Is anything like that market is going to instantly try to price it in so That's why I feel like you know, even though he said that there's that they don't expect a Rate cut for at least two years They could definitely change their mind at that point because as we as we already see Inflation is down to four percent right now and it's expected to get to about three point six percent on the next data release and You know from there You know by the end of this year, we could potentially be below three percent at that point So if if we get into that two percent range, I don't see why they would you know continue to raise interest rates at that point Also, obviously these interest rates are really affecting the banks in the US So, you know and not only in the US but outside the US as well So there's a lot that that affects the banking system and all that and they're not going to continue to stress out the banking system so You know, I think they're taking a hawkish stance at this point that and they could probably change their mind at any point So let's jump into some news So The main thing that happened right and this would this is what kind of kicked off things for Bitcoin And that was BlackRock Fouling for a spot Bitcoin ETF, right? So that happened not last week, but the week before on Friday, I think it was that we got that news on the 15th July June 15th, right? So now last week this basically started a In avalanche, all right So then last week on the 21st We get this report, right that Eddie said Eddie seven eighty seven billion dollar asset manager wisdom tree Files for a spot Bitcoin ETF, right? So that was the second one Then we get one point five trillion dollar asset manager in Vesco They reactivated their spot Bitcoin ETF filing So they had filed already for a spot Bitcoin ETF I think it got denied and they reactivated it, I guess so So that was that's three of them, right that are that have now officially filed for these spot Bitcoin ETFs Then we got this right Dutch Bank applies for crypto custody license Dutch Bank is a one point four trillion dollar asset manager and They've now applied for custody license. Then we also got a French asset manager CAC EIS, I don't know how to pronounce that cacchays cacchays. I don't know to offer crypto custody services So now and this is a five trillion dollar friend asset manager, right? So now we have A one point four trillion dollar asset manager and a five trillion dollar asset manager They're going to be offering crypto custody services Then we have nine trillion dollar asset manager black rock of filing for a spot Bitcoin ETF a Seven billion dollar asset manager wisdom tree filing for spot ETF 1.5 trillion dollar asset manager filing for a spot Bitcoin ETF So there's a lot of of money Potentially coming into the space, right? We see all these the biggest asset managers in the world either filing for the spot Bitcoin ETFs or You know getting licenses to offer crypto custody So Definitely a lot of banks Getting into the mix a lot of those centralized exchanges and When it when we start we begin speaking about centralized exchanges Then we get this right citadel fidelity and Charles Schwab launch crypto exchange EDX markets So these are again What we just spoke about we just mentioned centralized exchanges centralized banks This is pretty much One of the the the initial big centralized bank backed exchange, right And these three got together to launch it Which is big because they definitely control a lot of money in the centralized and banking space so From what I've read. They're only going to be offering a few cryptocurrencies Bitcoin, Ethereum, Litecoin and Bitcoin cash so I think this kind of goes with what's been Spoken about by the SEC that they don't consider Bitcoin a security And if Bitcoin is not a security Because it's a proof of work They also don't consider Bitcoin cash a security Litecoin is basically a fork of Bitcoin. So that's not security. We know Bitcoin cash is a fork of security I mean a fork of Bitcoin And any theorem remember Ethereum The SEC has never spoken about Ethereum being a security the only mention of Ethereum That the SEC has ever made a few years back They said that it was not a security for them and when asked about Ethereum now The clown Gary Gensler could not answer it. He could not give an answer on that. So So that's why that's why it seems that they're launching with these four coins Because they're they're not expecting these four to be securities or for the SEC to go after them is what I imagine right so So definitely interesting things coming out and this is Very very shortly after the SEC aggressively went after the They went after Binance the biggest crypto exchange overall in crypto, right? They went after Binance then they go after Coinbase the biggest exchange in the US and then They also go after a few different a bunch of different tokens calling them securities and Then all of a sudden boom. We have a centralized exchange being Getting launched by three different banks together So I You kind of see what's going on what like it's kind of being made made obvious. What's going on what? The SEC with banks are doing they're launching this This attack on crypto and it looks like it's to try to get as much leverage as possible on crypto So black rock the biggest nine trillion dollar asset manager, you know a week after those lawsuits they file for a Spot Bitcoin ETF remember there's no spot Bitcoin ETFs. They have never been approved. They've always been rejected But now all of a sudden black rock who has a 99.8 percent Success rate when applying for it for ETFs now they approve they apply for it and Then you have two other Billion and trillion dollar asset managers also applying for it after they saw black rock So I think the expectation is that it's gonna get approved and that's gonna be Definitely gonna bring a lot of money into the markets now The SEC the SEC hasn't approved this yet. You're right, but what they did approve Let me pull it up here on the screen They are the SEC on Friday Approves first leveraged Bitcoin futures ETF So this was this was somewhat some big news Because it's it's just weird, right? They've been attacking crypto attacking crypto for like the last month and then out of nowhere Now the SEC is approving the first leverage Bitcoin futures ETF right so So they approved it For who was it volatility shares is going to now be offering the first ETF of its kind to be available in the United States And it's set to be to begin trading on Tuesday. So that's tomorrow Right And this is going to be I believe it's a 2x ETF. Let me see if it mentions it here Yeah, so the filing confirms that the 2x Bitcoin futures ETF is set to begin operation on June 26, so that's tomorrow. Well, that's today. Yeah, so to I guess today at night when the What days today I'm now I'm lost because it said on Tuesday now it's saying on the 26 But today's Monday. So maybe after the market closes today So would maybe tomorrow is like the official the first official day for it to start rolling out So more over Defining stated that the ETF could correlate with the CME Bitcoin futures daily road index So definitely very interesting, right the SEC approves a Bitcoin futures ETF a leveraged Bitcoin futures ETF, which is way riskier than just trading Bitcoin futures on its own, right? So that that was a big thing on Friday that came out now other than that Like we said on Wednesday and Thursday last week Jerome Powell was testifying And one of the things that he mentioned was that they see stable coins as a form of money Right, so they're speaking they said this they see it as a form of money And also another thing that they saw. I mean another thing that he spoke about in the in that testimony Let me see if I can find it here Well, I know I have this one here I have this page pulled up where where Powell also said that crypto appears to have staying power as an asset class in the US So that was another thing That was mentioned when you know being asked about cryptocurrencies and all that So definitely that was some bullish news that came out of that testimony Obviously, we already spoke about that he that he also mentioned that, you know, two additional interest rate hikes are expected this year and then Also on Friday, I believe it was we got this News from the IMF The International Monetary Fund, right? So the IMF They've always been, you know, pretty public about their stance against cryptocurrencies and You know, they came out with this statement the other day on Friday Saying that by banning crypto might not be the best approach So that's that was the the statement that they say The IMF says countries banning crypto may not be effective in the long run So I think that the exact quote was while a few countries have completely banned crypto assets given their risk This approach may not be effective in the long run. That was that was the exact Quote that they spoke about there. So that was definitely Very interesting there to see that And they also said the IMF also said that there is they initiated development of a global digital currency platform So I'm guessing this has to do with the CBDCs But that's that's one of the the things that came out in in that report So, you know, just something else to kind of keep an eye on there in other news presidential candidate RFK Jr. Will support Bitcoin policies So if you know, we spoke about we've spoken about this already Robert F. Kennedy He's been he I think he was at the Bitcoin conference He actually spoke there and he's been, you know, very openly bullish about Bitcoin and supportive of the cryptocurrency So he he once again went on to say that that they have policies that support Bitcoin and the freedom to trend to transact So they spoke a lot about that And he you know, he's been kind of going on and on about that, right? Another thing is crypto.com receives registration of VASP VASP registration in Spain. This also came out on Friday and and this again goes with the narrative that we've kind of been speaking about that US companies are looking to leave, you know, are looking to get licenses and and open up Overseas right because the SECs is has been so aggressive Towards crypto with zero regulation There's zero rules to follow basically. So There's no clarity in the market in the US right now. So because of that companies are leaving the US Companies in the US are going basically overseas getting licenses overseas opening up shops overseas And the more aggressive that the US and the less and if we don't provide clarity if the US does not provide clarity the SEC Then you know, this is this is something that could drive all US companies out of the US And you know, I think the US would would basically fall behind in that aspect And then the final things here that we saw Belgium orders Binance to seize crypto services in the country So we've already seen Binance to leave a few different countries and now Binance is basically the latest one I'm sorry, Belgium is the latest one Trying to get Binance out of the country. So and the final thing that we got today This is actually from today The HSBC enables Bitcoin Ethereum ETF trading in Hong Kong So that's Hong Kong's largest bank HSBC They're going to be offering Bitcoin any theorem to its customers. So a lot of a lot of stuff That's been very very bullish for crypto over the last week, right? There's just been so so much news And it's it's just it's weird the way that the timing has played out, right? So so now let's let's go ahead and jump into some Into an analysis here. I'm gonna go over, you know, what's what how how things been playing out what I'm looking at and What we could potentially expect going forward Don't forget guys after this. I'm going to do a Q&A So if you guys have any questions that you want answered whether it has to do with anything that I've already covered Anything I've already covered in this live stream if there's anything, you know Without coins and anything overall in crypto drop it in the comments if you're watching us live And I'll try to get that get to those answers Get to those questions with an answer if of course I have an answer I do have some questions from Instagram that I'll be taking a look at So hopefully it's still there So I'll be pulling these questions up as well I got a bunch of questions here from IG But if there's any other questions that you guys have while you're tuning in live drop it in the comments and I'll be Try to get to it if I have an answer for it. So let's go ahead and dive into The charts here. So right now Bitcoin still sitting at the same price 30,000 114 ish And we can see that's been kind of, you know Consolidating in this range ever since the big move on Friday, right? So let's let's start off with the weekly candles here the weekly chart So we can kind of have a an overview of what's going on. I'm actually going to the monthly chart To really get this overview. Let me kind of clear some of these things off the chart really quickly All right, so Right now our on the month were up about 10% 10 and a half percent and This would be probably the biggest month since March, right? so March we had a 23% move in January we had the biggest move which was almost 40% So last month we were down about 7% and this month so far were up 10 10 and a half percent So that's where we at on the weekly on the monthly scale now, obviously we still have We have how many one two three four five five more days left in the month Right, so we're not out in the clear yet But that's pretty much where we're at right now now Let's go into the weekly as you can see last week was the biggest month again We've had since March, right? We went up a bitcoins price went up over 15 percent and we broke out of that you can see on this Weekly we had like this bullish flag Not only did we have kind of like a bear flag type of thing But we had a falling wedge, right and a falling wedge as we all know is a bullish reversal pattern Where you know once you break out of it Then basically the way that you measure the the target is you measure from the bottom to the top, right? From the bottom of the wedge to the top of the wedge That gives you an idea of where the target is and we basically hit that target So so that's basically what we saw here and then now currently we're back into this big Resistance range if we look back in history at this price range We can see why this is a big resistance range So we can see over here this acted as a big support back in 2021 Again back in 2021 when we drop down acted as a huge support there and then a third time right here You can see back last year in May When we landed here it acted as a big support until we lost it once we lost the support you can see that We had a massive massive Crash all the way down to $18,000 So now we're at the same spot right now So, I mean this is now the second time so now we saw in April We tested this level the same resistance level And we got rejected. That's when we set up this falling wedge broke out of it And now we're back at that exact same resistance level. So this is gonna be Basically one two three four five. This is the fifth time that we're on the same level This is a second time that we're testing it as a resistance level so If we were to get rejected again here and drop back down, you know back to like 27 28 $25,000 range if we were to drop back down it would kind of set up this Um Basically like a double potential double top here um So we're we don't really want to see that right so a double top is again a A bearish reversal pattern So we're looking for a break here to the upside if we do break from this resistance to the upside Now that up that next big resistance level is not going to be until this yellow line Or this green box range, right? So again looking back in history. We're we're looking for Areas of interest right areas of open interest and you can see very clearly here This is an area of open interest. So, um, just like I showed you here. Let me Get rid of these drawings About one second. There we go Um, we can see A bunch of resistance in this range, right? We saw this range act as a big resistance Back in 2021 january 2021 And it took it took about a month before we were able to break above it. So obviously a big area of interest Then again in may of 2021 That same spot that acted as resistance it acted as um As a support as a big support So then back again in january 2022 We tested the same level again right Acted as a big support and then, you know, it was able to bounce there before finally losing it In may of 2022 So once we lost it look at this drop, right? It the price completely crashed at that point Similarly to when we lost this support here When we lost this support we crashed all the way down To this next big level. So it's like a magnet, right? So We saw it again up here When we lost this support we crashed down to this level that was like a magnet So i'm looking for kind of a similar thing here Now to the upside right where if we break above This level where we're currently at which is that between 30 to 31 32 thousand dollars With a break above this range I'm seeing a magnet up to this range up here. This range is 30 Between 35 To 38 thousand dollars is what I would call it what I would call this next Level right this next range So that's that's kind of what i'm looking for now um And again, it doesn't mean it's gonna happen this week Or next week or the week after that if we look back here When we fell below this level You'll see that it took one two three four five weeks before it actually was able to break through the level At that point it was a support if we see Over here when we when we broke above this level Although we broke above it really quickly you you can see that once we broke above it We had a magnet straight to that next level But we retested this level three times so that was three basically actually four times um four weeks in a row of retesting this level that we're currently at now before we were able to continue high so That's kind of what i'm looking at now We've already had a big rejection Um, and now we're testing it again So i'm looking for you know some breaks to the upside here Where we get to this next major level which is again is going to act as a magnet once we can clear this level This next range up here 35 to 38 thousand dollars is going to be a magnet and we're basically moving I believe we would move straight up to that level at that point um If we pull up the volume shelves, they kind of show the same story So looking at the volume shelves, you'll see there's not a lot of volume shelves here acting as resistance Um, and we can pretty much if we break above this current level We have a pretty easy way to 34 000 All the way up to the that big big volume shelf level is going to be sitting between 38 to 40 thousand dollars So you can see that that's the biggest one right when we look at it. We see a big red line here That's going to be the biggest, um Volume shelf that's going to play as we as far as resistance In this range now if we zoom out a bit more We'll see a few different levels Um, but it gives you an idea of the overall what we're looking at overall, right? You can see that now with a break above this 30 000 area Volume and open interest is going to increase, right? All the way up to is going to peak out around Um 38 000 dollars So i'm expecting that to be a big big resistance there and then after that is going to Basically gap off like is it is going to is going to fall off all the way until about 40 45 to 50 thousand dollars is when it really picks up again So if we once we break that 38 000 area 40 000 area We could the price will pretty much be able to run up to like 45 000 to 50 000 at that point Um pretty easily without too much resistance But you know, we're kind of getting we're getting a little ahead of ourselves um But I just kind of want to give you an overall Outlook and idea of you know, what it is that i'm looking at But you can see it right now with the volume shelves. There is a lot of volume shelves over here Um, but the the main one is going to be this target up here. So that's pretty much what i'm looking for I'm looking for A break in a move up So there's going to of course be consolidation You know, we're not going to get another of 15 week back to back like it's possible, but um It doesn't happen very often right last time in january we got a 21 percent move and the week after that we got a 8 percent move, right Week after that a 4 percent move So every week it kind of slowed off a little bit and then we got two weeks a two week correction Before another 11 and a half percent move then a three week correction and then we got a 26 percent move in march so That's kind of you know, that's the the most of bullish case where that that I would say right what we saw in january Um, so i'm not expecting another huge move here this week. I think this week we potentially just kind of consolidate in this range um and then you know Depending on bullish news anything else that comes out, you know, it could obviously change all of this, right? um, but as of right now with no big nothing big in on the economic calendar, um without any News, I don't think this we should expect a big impulse move in either direction um, I think it's more likely that we just kind of Bounce around in a range for now So if we go over to the daily We can kind of see You know a potential range here where uh, you know, $29,000 could play as the bottom of this range With the hot with the top of this range being $31,000. So that's that's a $2,000 range We're pricing just kind of bounce in you know trade within and consolidate Before we get that that next move up And you can see right now. We're kind of starting to build up this uh bull flag As you guys already know a bull flag is a continuation pattern, right? It's a it's a Consolidation before continuation to the upside So usually when a trend is bullish Um, it has a pretty high success rate So that's pretty much what we're watching here um For this week really, um, I'm expecting you know Anywhere in this range is where the price can go out wouldn't be surprised if we get a consolidation and their correction Back down to $29,000 and into that range. We've already tested $29,000 a couple times here. Um, well more 30,000 is what we've been testing I wouldn't count out a correction all the way down to $29,000 Right. Um, now i'm hoping that if we do retest that $29,000 that the bottom of that $29,000 range That we're able to hold there and you know bounce get up get that bounce back up to the The top of this range. Um, but we'll have to see what happens there Um, so that's pretty much what i'm watching here now as far as how i'll be looking to play here this week. Um So right now You have you have a decent play here I wouldn't mind Trying to take a shot here at a at $30,000 At a long entry. I'm actually in that right now Um, I have a long entry at $30,000 A stop loss is going to be set below this recent low. So that's $29,925 now. That's that's a very tight stop loss Um, if you just want to kind of you know, if if your wrist tolerance is not too high You just kind of want to take like a big position type of thing With a tight stop You can kind of do that there. Um Because you'll you'll you'll stop out if we clear that low But it is likely that we will at some point clear that low. So, um, if you have higher wrist tolerance Or you just want to use a smaller position size with a little bit more space give yourself a little bit more space I'll probably be setting my stop loss either around that 750 area, which is going to be below this candle Um, where's where's the low of this candle? So the low of this candle is at 805 So I would at least want a stop loss below that candle Or if you want to take, you know, a little take on a little bit more risk or just kind of, uh, you know Use smaller size with a wider stop Then this is another another option. Uh, here at this candle here You can set your stop below that that low, right? Um, that low is at $29,511 So the stop loss would have to be at $29,500 Below that I would say Um, so those are the options here if you want to take this along here at $30,000 You know now for your targets is going to depend where you're setting your stops, right? You want at least for your first target a one-to-one risk to reward So, um, I would say if you're take if you're keeping it tight with a entry here at $30,000 Let's say you enter at $30,050, right? Um, and your risk is about 125 then you could do 125 for a For your first target, uh, the first spot to take profit So if you're at 30 50, um, that'll be 30 175 will be your first tp, right your first take profit Which I think we can definitely hit if we look at here at the four hour We've hit 31, uh multiple times over that that time span So, uh, that's definitely a pretty easy one to hit Um, now if you're doing, um a wider one to around 800 So if you're if you're doing it below your stop below this candle Um Then you're going to be taking probably like a $250 risk 200 to $250 risk it depends, you know, where your entry is Again, you're gonna want the same idea. You want to keep that first Take profit spot at a one one risk to reward Um, and for all of these I would say take at least 50 profit on that first target All right, take at least 50 profit on that first one And then you can split the other two into 25 25 however you want to do And once you hit that target then move your stop loss into profit Um, that's going to be the safest way to play this And then finally if your stop loss if you're using the wider stop 500 Then um once again, you know, keep that one to one ratio So this is probably going to be more of a swing play And uh, your first, uh target is going to be 3500 So those are the plays that I would say that you can take there at this moment um If we do retest at 29,000 that bottom of the $29,000 range Again, you you could take a long there And kind of play it the same way that we're setting this $30,000 entry Right, you can you can kind of set it up the same way um And uh If you're looking for a breakout so for a breakout right now I'm not going to be doing 31 again because we've already Kind of broke that it's not a a new high anymore Now what you can do is set up a break Breakout entry above the high of the year, right? So now this is a new high of the year 31 475 You can set up a breakout entry above that level So I would probably set it at around 31 500, right? Um, I think that's a that's a pretty decent entry if you're looking for that breakout entry um And 32 000 would probably be that next breakout entry So I would I would probably set uh entry up there if you want to kind of play a little bit safer and just play a breakout above 32 Because I think that's a major major level here for bitcoin Um, let's see. Is there anything else I wanted to discuss so we spoke about the falling wedge, you know This is a bullish reversal candle. I mean a bullish reversal pattern That we got here and now we're forming that Continuation pattern right a bull flag Um, and on the on the bigger timeframes you could also see a lot of different patterns as well Obviously we have the inverse head and shoulder that we've broken out of Right, we had a breakout and a retest here So this was a retest and now potentially continuation to the upside um Let me see if I have that pattern here Uh, well actually this is a another interesting one that I had plotted here on my chart. This is a, um, you know What do you call it when you you move basically A pattern to the upside where it's going to move five times, right? So you have usually you get the impulse moves up on the one Three and five, right? Um, and then the corrections are two and four So, um, right now We're basically following this pattern. We're about we're about to hit that top of that that target for that fifth Which is sitting around 35 000 dollars Um I'm trying to look for a another one that I had set up here. Hold on. Let me Let me take a look Looking for okay. So here's the the inverse head and shoulders one Where we had the inverse head and shoulders. We had a a breakout above that line Um, and now this is basically a retest here and continuation up with that Uh target being at 36 000 dollars So, um, we can see a lot of these patterns are kind of Pointing to the same thing right again. Here's here's the pattern. Here's the inverse head and shoulders Here's the retest So we can see a retest here of the breakout point and now continuation to the upside So that's that's a very very common pattern that we see here, um with Any type of uh inverse head and shoulders breakout where it retest the breakout point and then continues up Again with the Fibonacci's if you're looking at Fibonacci, what the next spot is 36 000 dollars is that next major Fibonacci level So a lot of things are pointing up to that basically that same little area up there Um, and another bullish thing is that we're now officially back above this 200 week moving average So, um, so definitely a lot a lot of bullish stuff on the charts in the uh long time frames As as well as the the shorter time frames right now. So, um, there's a lot a lot that's you know going on In the market that's affecting the price outside of just crypto And then there's a lot that's going on in crypto as well Um, with a lot of you know, even though the sec was aggressively attacking now. We have um, you know a lot of we have the sec That opened uh that approved that bitcoin leverage etf and potentially are going to be approving The uh black rock spot bitcoin etf, which it's going to be very bullish if that happens I'm expecting for sure bitcoin would uh go up to that target up there If that were to be the case, I'm not sure exactly when that would be expected for a decision on that, uh bitcoin spot etf But um, I think it's only a matter of time before we hit this next target that 35 to $38,000 range So, um, yeah, let's see. Let's see what happens here. Now. We're going to uh Jump into some q and a so if you guys have any questions about anything that was covered today Any or anything just happening over on crypto drop it in the comments and I will uh go ahead and answer those questions Let me drink some water because I've been talking non-stop for about an hour now ducky dave What is going on my brother? Appreciate you, uh, tuning in He has a question here So ducky dave is asking, um Are you into any other move or play to earn? Uh games and stepping um, so no, I'm not currently into any other anything to earn games um the reason why um I spoke it about I've spoken about this a few times and it's just in play to earn or anything to earn Um The economies have not been figured out And they're all built basically exactly the same where you know in the beginning You can make a lot of money when there's not a lot of people But once people start making a lot of money and more people start coming in In vet and that eventually inflation starts to play a big big part and also people dumping their coins for for profit become to become Start to be also becoming a big part in it and um because that eventually they all kind of have that same pattern Where they go up and then they just fall off the cliff And um, I think during the last run, you know I was doing a lot of different, you know x to earn Uh projects and they basically all felt they all Exactly the same exact thing happened to all of them And I don't see any change in the way they're structuring their economies right now. Um stepping is still structured exactly the same way um Of course when more money coming into the economy Prices will go up and then eventually do the same thing and they'll fall off a cliff so, um I think this bull run Um, one of the main lessons that I learned Was definitely probably not to get involved into any of those or to you know, even if I do do it just for fun not to expect Much profit from it You know, of course you can make profit from it, especially if you get in at the right time So during a bear market, maybe now is the right time. Who knows? um Because once a bull market rolls back around, I'm sure, you know, um, I'm sure Money will flow back into those projects. You know prices will probably go up and then eventually again fall off the cliff so Now could be a good time To potentially get into, you know, any type of move to earn learn to earn whatever it is to earn play to earn um game and uh, you could potentially Ride that wave up but just make sure that to take those profits when you see those returns getting insane um, you know, I definitely learned my lesson In any type of move to earn play to earn game In the last couple years. So um, yeah Basically my outlook on that Um, I'm probably staying away from them for now though Uh, let's see So on instagram two years apart asked are we going to see another pullback soon? And yeah, like like I just spoke about I think we definitely see a pullback. Um, not more not exactly like a a massive pullback like we saw recently, but more like a consolidation slash correction type of thing where we can potentially Um, you know move back from this range. Um, We can potentially retest those 29 000 dollar ranges, right? I'm hoping that we're able to stay above 30 000 and keep our closes above 30 000 But if we do see further downside, it will probably be to around that 29 000 dollar range is what I would expect Because it is a minor resistance you can see resistance right there and uh, you can see It was resistance there as well So remember resistance becomes support So i'm expecting this to play as a support range as well Um, let me see what other questions Somebody asks xrp predictions Post sec case Um, and I think it's pretty simple. I think xrp is going to take off right now. How high can it go? I don't know that part. I don't know um Let me let me take a look at I'm trying to see Pull up the chart here. So during the last Bull run, I want to see how high xrp when I think what it was to like a high of like two dollars Yeah, so it was about two dollars If you go further back It's all time high is at three dollars and fifty cents um Depending when that case would end if xrp was to win Is how high how high I think xrp could go Now one thing that I would note without the case Right without the sec versus xrp case. I think xrp would have definitely Broke this previous all-time high and gone higher Because of it It didn't it didn't break this previous all-time highs So I think um You know depending what happens, um With the case going into the next bull run You know, because I I it's hard to think of it in the next I don't know when the case is going to end. So who knows right, but I think um in the next rally With the case over we definitely break this previous all-time high Which would be a move of about Let's see we're kind of sitting there the all-time high is right around here. It's a move about 650 Just if we got to the all-time high, I think we definitely go beyond that Um potentially maybe let's say five dollars Yeah, all right. I would say a 10x is is appropriate. Um I think that's that's something that's definitely possible to see Uh with the xxrp winning against xr against sec the sec And going into the next bull run. Um, I think a 10x is definitely in the cards for xrp Let's see what else we got here Um Someone asks, uh, if they should wait for 2024 to buy bitcoin or if they should buy now This is this is always a difficult question And it's one that it's very common and and the answer like The answer is is is not like A solid straight answer because it's just it's the way it is right The realities of the situation is we don't know the future If we can tell you the if we if I could read the future And I could see in the future that there's going to be a lower price for bitcoin In 2024, obviously, I'd be like just wait to 2024, but that's not the case From what everything we know looking back at historical data Is that this year is going to be and is already a green year for bitcoin, right? Let me see is if it tells you if this tells us here Um, right now bitcoin year to date is up 82 So that's already huge and I think we could go higher, right? I think we could end the year Up higher in the 100 range um And I think that this target that we've been talking about at 38 000 dollars is in play for this year Now, um Can we go lower? Of course, right There we can definitely 100 we test this bottom range down here Um, if we got some sort of bad news, right, maybe we test the lows Is that likely? Probably not So My thing is I would say DCA dollar cost averaging is going to be your best friend That that's that's the best answer I could give you Um, because we can't tell the future We don't know if we're going to get lower prices in 2024 But what I do know is that historically speaking, this is going to be a bullish year Next year is going to be a bullish year and the year after that is going to be a bullish year. So, um You know I would say dollar cost average is your best Is the best thing that you can probably do um, let me see Someone asked is the bear market over yet? I do believe the bear market is over. Yes as as far as In the aspect of, you know, are we going to set a new low? I don't think we're setting new lows Um in this bear market I think we've set the bottom for bitcoin's price and I think uh, although we could we could consolidate in Maybe the current range or maybe at lower levels in the range that we've been at in the last few months I don't think we set new lows In bitcoin, um, so in that aspect, I do think that the bear market bottom is in and is over Let me see any other questions here Uh, somebody asked in the VIP. Do you do you do other stock securities or just crypto? So yes, I actually just started doing uh, I started including stock option trades in uh, the discord VIP group. So, um If you guys are interested or if you're already in it, you can go to uh, discord You can just go to the uh, I've made a new channel called stock options. Um, and you'll be able to trade it there So, uh, I I just started doing that last week. So, uh, stock options is now a new thing that I'm offering in the VIP Uh, somebody asked should I take profit now or hold? I have no idea where you entered or how you entered if you're in spot if you're trading with a leverage I don't know. I don't know what your situation is. So I can't you know, I can't answer that Uh, somebody asked bitcoin gap at $20,000 That's actually interesting. There is a bitcoin gap at $20,000, but there's also a bitcoin gap at There's also a bitcoin gap at $34,000. So yes, there's a bitcoin gap at $20,000 But there's also a gap at $34,000. Let's take a look at it right now. You pull it up. Here we go So I actually already have this drawn out because this is something that I was also looking at Let me make this make more sense So Yes, there is a gap. There's a cme gap at $20,000 There's also a cme gap up here between 34 to 36 thousand dollars At this at this point it looks like we're going in we're going up for that fill at 36,000 And which is interesting because again, that's that same spot that we've been talking about For our next target, right 36,000. So now that's some more confluence That we could potentially be moving up in that direction now Can we fill that gap at $20,000 on this bottom range? We can But I think at this point is becoming less likely And the reason why is because the higher we go Um, the less likely the less likely it is for us to set lower lows. So if we look at this right now We can see that we've set we had this low We had a high we set a high right then we set a lower low I'm sorry. We set a higher low We set a higher high now. We recently just set another higher low and Higher high even though it's very very small higher high, but we were at we've set a new higher high So with this pattern, this is a pattern that started since november 2022 if this pattern continues Then no, we're probably not going to be Filling that cme gap at 20,000 We're probably going to be it's more likely for us to at this point to fill the cme gap here at 34 to 36,000 dollars so That's pretty much my take on it at this point From where we are currently what the structure looks like And what the most likely outcome right because we're looking for the most likely outcomes And that's right now to me the most likely outcome All right, let me see if there's anything else um Or I might just wrap it up because we're we're already at the hour mark here I think that's pretty much it Yeah, that's pretty much it so Guys, thank you so much for twinning in it, uh It we covered we covered a lot of stuff there because there was a lot of stuff going on in the market We covered all the news we covered what was going on as far as pricing. We did an analysis on bitcoin Um, and we did some q&a. So, uh, hopefully you guys enjoyed it. Thank you guys for twinning in Thank you for sending in your questions as well Remember guys, we're here every Monday at either 1 p.m. Or 1 30 p.m. Eastern Standard Time That's usually those times that we're starting. I'm still trying to get things figured out so that we can get this going on as a Kind of pretty much turning this my the idea is to turn this into a podcast Start getting guests to come on and everything and turn this into a bigger A bigger thing. So, uh, I think I think that that's the next step for this Um, but I just want to make sure to continue doing this consistently every single week once a week and Get it turned into a podcast and then start bringing in on guests over here as well To make this fun make it different every single week and and you know Just have a good time be be able to answer a lot of questions and have fun with you guys So, uh, again, thank you guys for tuning in. I will see you guys on the next one next week And as always peace and love