 What is going on ladies and gentlemen? Welcome to another episode of Let's Talk Crypto Good morning. Good afternoon. Good evening depending where you are in the world. I am so glad that you guys are tuning in today Happy New Year's to everybody. It is the second of January 2024 our first official live stream this year I'm very excited about everything that's going on and it's very excited for this year. We are This is this is the bull run that guys the bull run is coming. We're basically in it already and Yeah guys, it's crazy. This is what we've been waiting for the last over the last two years So hopefully like me you guys have been accumulating we did ton of videos a ton of content covering different cryptos and Different things that you could have been doing to accumulate over the bear market. The bear market is pretty boring, right? And when it's boring when there's fear, that's the time to build That's where you build your wealth. You don't build your wealth in the bull market But you build your wealth by buying during the bear market when nobody else wants to touch the stuff when they're Bottom when everybody's afraid That's where you build your wealth because that's where you accumulate at the lowest prices So that once the bull market comes around you're already set up You don't have to worry about anything and that's how you create that wealth So hopefully over the last two years you guys have been building with me We've done so many different things are creating creating content around this trying to get that message out there So hopefully you guys were able to do that with me. So We're as you can see, I'm very very excited for 2024 guys Let me see who's in here. I see 300 rivers is in here. Happy New Year. Jay here comes the moment We've been waiting for a long time. Yes 100% rivers It's been a long time coming man. It's been it's been a long time. We have Yanis in here. Hello. Happy New Year Happy New Year to you as well Yeah, man, we're we're so excited guys. There's so much we have so much coming that we're doing on our end as well as So much that's going to be happening this year in crypto so we're super super excited and can't wait to to see how things turn out and We're not gonna have to wait much because we're starting off the year with a bang guys right off the rip The 10th of this month is when the Bitcoin spot ETF approvals are supposed to happen So expect a lot of volatility leading up to that date. So right now. We're about almost a week away We're we're eight days away from the 10th Expect a lot of volatility throughout this time. So I Wouldn't be surprised if we potentially run up to 50k over the next week or so as Things build up, right? We've seen we've already seen commercials for Bitcoin spot ETFs A few different companies have already put out commercials So why would or why are they creating commercials if they don't think if they don't have some sort of inside scoop? That these things are gonna get approved So I know a lot of people have been saying that it could be a sell the news type of event that maybe it's already priced in and I mean, I've I've given that some thought to that of course can always be a scenario But I really don't think so and the reason why is because I feel like there's still a lot of money parked outside waiting to come in So I feel like there's a lot of people That are kind of waiting right there. They're waiting on the sidelines. They're like, all right if this gets approved Then we're gonna put our money into it. So I think that that's gonna be one of those things that Just a ton of money is gonna gonna flow in once that gets approved And we saw what happened last time last time just on the rumor of approval Bitcoin jumped like five six thousand dollars. I Think on the day of approval, I wouldn't be surprised if we saw something similar right now We're currently at forty five thousand. I wouldn't be surprised to see if we stick around this range. I Would say a range that we could stick to stay around is probably between forty five to forty eight thousand dollars in the next week leading up to that approval if We get the approval. I wouldn't be surprised to see Bitcoin go up Above fifty thousand dollars. So if we're at forty five thousand at this exact price by the time the approval date comes I wouldn't be surprised for Bitcoin to go from forty five to fifty and and get in that range, right? If we stay between forty five and forty eight, let's say we're on the higher end towards forty eight I wouldn't be surprised if Bitcoin broke above fifty thousand and then we kind of consolidated within that fifty thousand dollar range For the probably for the next few months as we lead up to the Bitcoin halving So that's kind of where my mind's at overall now, of course, there there is a scenario where It doesn't get approved, right and it gets pushed back yet again, which is what happened last time What's been happening over the last few years now in that scenario? I would say that Bitcoin is gonna drop probably about five thousand dollars So the same way that is it might go up five grand on approval It could drop five grand if it doesn't get approved So that is a scenario that we also have to prepare for we got to be ready for it And we have we'll have to have it in the back of our minds that it could happen So we're sitting at forty five. Let's say it gets pushed back I could see prices drop from forty five to forty if we're at forty I guess at forty eight I could see prices drop from forty eight back to like forty two and forty one forty, right? So we do have those you do have to have that in the back of your mind that that could be a possibility That is a scenario that could happen But but overall I think from everything that we've been getting as far as information it seems like You know, it's gonna get approved So we're gonna have to either way wait and see what happens. So Just don't position yourself against an approval. That's I think the the most the main thing to focus on there All right, so That's that's the main thing. I wanted to touch on that right off the rip because that's the main thing That we're going to be seeing right away, right? However, we do have some things before that this week Let's take a look at what's on the economic calendar so really quickly what I'm what we're gonna do today on today's live stream is What to break it down every single week on Mondays well usually the beginning of week sometimes Mondays sometimes Tuesdays I do a complete breakdown and analysis basically on Bitcoin and You know the overall market for Bitcoin, right? So Basically what I'm looking for I'm we're gonna be looking at We're gonna start off with the economic calendar. So we're gonna see what's what's on the calendar for this week Then we're going to look at the DXY which is of course a dollar the dollar index to see Where that's at because remember that correlates directly with Bitcoin as Bitcoin trades against it So we're gonna take a look at that and then we're gonna dive into a Bitcoin analysis Starting off. We're gonna do a top-down analysis starting off with the monthly time frame Going down into the weekly time frame and into the daily time frame and in each of those time frames We're gonna be looking at a few different things. We're gonna look at support and resistance levels We're gonna look for chart patterns. We're gonna look for liquidity levels imbalances and WIC WIC fills and then also we'll look for trade entries Potential trade setups for each of those time frames the bigger time frames that those trade setups are gonna be further You know to buy and hold type of thing And in a smaller time frame on the daily, we'll look for some day trades swing trades scalp opportunities. So It's basically what we're gonna be looking at Let's go ahead and swap over to my screen here and Give me a second guys. Let me grab a drink of water. I forgot to grab some water So I want to grab a drink of water. However, let's we're gonna start off with the economic calendar here So this is this is basically what's coming up here in the next This week the main thing that we're gonna be focusing on for this week is the FOMC minutes So give me a second. I'll be about 30 seconds. Let me let me grab my cup of water real quick All right guys. I am back. So This week the main thing that we have here on the economic calendar and this is something that I that I look over every single week I Recommend I recommend you guys to do the same You want to know what's going on throughout the week so that you're prepared for any potential volatility That's gonna be coming in so you can see that this week the biggest thing all those these can have some You know smaller effects. This is the biggest thing this week so FOMC minutes and What the FOMC minutes is? It it's basically a detailed record of the federal open market committee that's FOMC their meetings and They're released basically three weeks after the meeting, right? So the the minutes what it offers is more concise insights on the monetary policy status of all the members so this gives us a better idea as to When and how many rate cuts we can expect this year? So it could definitely bring some volatility into the market Depending on what is in the report in the minutes, right? So that's why it's important It's an important event this week because potentially, you know depending what this says as far as the rate cuts that we're expecting this year It could bring volatility. So that's something that we're gonna be looking at And that's pretty much it for this week However on the 11th next week is gonna be wild. I'm telling you guys right now On the 10th, we have the the spot Bitcoin ETF approvals Potential approvals then on the 11th. We have the inflation reports. So next week is gonna be a wild week guys So prepare for that And as you can see as far as rate cuts we were expecting once again in January here, we have on the the end of this month the federate decision. They're expecting another pause And then in March there the market is expecting a potential the first rate cut So you can see 70% here as of today Now this is gonna change I guarantee it when the FOMC minutes report comes out Because it's gonna give us probably a little bit more clarity on where we're at So we'll see how that looks once that happens But yeah, right now market is Anticipating its first rate cut by March of this year. So in the next In two months away, basically, right? So that's pretty much where we're at. So Now the next thing that we're gonna look at is the DXY So the DXY is the dollar index basically And we we like to follow this because it correlates directly with with Bitcoin Since Bitcoin, of course trades against it. So Let's take a look at what's been happening here. This is the weekly time frame. So each candle represents an entire week and We can see during this run up here Bitcoin actually dropped a lot And then when we got up here if we just kind of took it took a look back We could see that this was a big resistance also a big support so When we were here, we were speaking about, you know, potentially This dropping back down to the bottom of the range and that's exactly what's happened here over the last few months as Bitcoin has been going up the dollar index has been going down. So that that is no coincidence So here now we're at this support So now we got a watch to see what happens here because is it going to hold here or will it potentially drop lower? Now that's a possibility, especially once the rate cuts begin, right? So I wouldn't be surprised if we broke below this and potentially started dropping down to these levels Once the rate cuts begin so not right now But with time we could potentially see this go lower and see what happens from there, but That's that's kind of what we're watching right now now That covers basically the economic calendar and the dollar index for the week So let's jump into the Bitcoin analysis and with further Bitcoin analysis We always begin of course with with the monthly I want to actually take a look first here at the dominance as You can see This is usually what happens in the beginning of the bull run. You'll see Bitcoin dominance go up And you can see the last time in 2021 it went up as high as around 72 percent and Then drop down as the lowest 39 right 38 percent now We're currently sitting at 52 percent. I wouldn't be surprised as Bitcoin got stronger if we get a Bitcoin that that approval on the 10th expect this to to run up Definitely someone this runs up that means that Bitcoin is outperforming the outcoins. So That's why I was kind of like to look at this to see where we're at as far as Bitcoin versus outcoins right now Bitcoin is Dominating a market by 50 at 52 percent And remember that remember the market cycle right money goes from fiat into Bitcoin as Bitcoin goes up Bitcoin dominance goes up and then it flows from Bitcoin into outcoins So just something to keep in mind there as as we progress here over the next few weeks in the next few months so Let's jump in here to The Bitcoin analysis and we're gonna first begin with Supporting resistance Let me take a sip of water here real quick Yeah, guys make sure to hit that like button if you enjoy What you're watching if you get any value whatsoever out of this video Don't forget to hit that like button. Don't forget to subscribe to the channel Helps us a ton we plan on doing so much in 2024 we're going to be Just just doing some crazy stuff guys. We have we have some some crazy content planned. We have we're gonna be doing dropping our Video a tutorial on selling options for passive income soon. We're working on it right now. I Hopefully want want to have it ready for this week so make sure guys to Subscribe to the channel and to smash that like button It helps us a ton. It helps support the channel a ton. So I appreciate you guys so Looking at the monthly here We can see right away That we're at a main resistance level here So this goes from anywhere between 45,000 all the way up to about 48,000 Not only that but if you go up a little bit higher, we hit 50,000 So basically the next $5,000 is a big Resistance level for Bitcoin. Let me see the volume shelf here what that looks like here And on the volume shelf It shows the same story we can see this massive massive massive volume shelf here at the exact level Where that resistance is right? so Yeah, expect a lot of resistance here Is not gonna is not we're not just gonna fly through that right however That's from a technical standpoint right now If we have a catalyst because a catalyst is usually what's needed in order to break through such a thick resistance if we have a catalyst then we can run right through that resistance and That's what we have coming up. So Even though we're at a big big resistance level right now. We might break right through it With a catalyst, which is the Bitcoin spot ETF approval So with that approval, I think that we break into that $50,000 maybe not break above it, but at least hit it potentially drop back down and consolidate between Somewhere around $50,000 is kind of what I'm thinking So Yeah, that's pretty much what we're gonna be watching for these next two weeks as we get closer to that approval now As far as support we already know that one of the big supports that we had here was the previous resistance Which is right around here. That's 44,000 dollars that's gonna you can that's you can bet that that's gonna play as a support area and Basically every whole number below that is a big support area right now The biggest two are of course 42,000 and $40,000 42,000 because it was a previous all-time high So there's a lot of orders there a lot of bids there and 40,000 big even number big whole number so and Historically a big support and resistance level. So Those are gonna be the two biggest supports to the downside Now 45,000 is also a big support And we've been speaking about once we broke above 40 and 42 we're like, all right We're probably gonna range between 40 to 45 and that's exactly what we did last month, right? We range after we because we broke above that in early December and for the rest of the month We just consolidated between 40 to 45 now we're one day into 2024 and we've already broken above 45. So now What I'm thinking and what I'm hoping for is that 45 now turns into that big support The same way that 40 played as a big support. So That's that's pretty much what we're gonna be watching for here We want to see price remain above 45 and see 45 really hold up as a big big support level for us where we can build positions and Build long-term plays there. So that's what we're gonna be watching for here over the next week or so And as as you guys know, we spoke about this a few months back was this big Bull flag that we had forms here and then we had the breakout here So with the breakout that gave us a target of $50,000 and guess what guys we're almost at our target, which was our bull flag target of 50,000 so That's the chart pattern because I you know, not only do I look at like to look at support and resistance But I like to look for chart patterns and that's currently the pattern that that we've been watching here on the monthly time frame So the next thing that we're gonna look at is liquidity levels. So Let's take a look for liquidity we look at high block capital and This kind of gives us an idea Of where the liquidity is in the market. So why is liquidity important? because Price likes to go to where there's a lot of liquidity. So this is a heat map that we're currently looking at the brighter colors That's where there's the most amount of liquidity, right? We call these liquidity pools and look at what happened here with with as the price was Moving around It went up to that liquidity, right? Look how we just we just hit this today, right this morning So now that liquidity pool is gone basically, right? We've taken it out So where's the next biggest liquidity pool now at this point? It's down here, right? So we have to we have to watch that because that there is a scenario where Price could potentially hit this liquidity pool. Now. There's also scenarios where price is not gonna go back down that far, right? And it's just gonna continue going up So that's one thing to keep in mind for now, right as we watch this as we watch the market watch what happened You know, can we go back down here hit this liquidity pool? That's a scenario. We also have a liquidity pool at 35,000, right? but One thing you'll know is and one thing you'll notice as price moves up these liquidity pools down here also move up with the price because you need to catch up so We had a few months back we had liquidity pools still sitting at 23 24 25,000 dollars So people were calling for Bitcoin's price to drop back down to those levels and guess what? Bitcoin's price continued going up. It didn't care. So That's always something to keep in mind, right? It's not a End all, you know, it's not a magic pill, right? You see here on the three-month chart We have liquidity down here at 33,000 if we go further back to six months Look at where the liquidity level the liquidity pools are they're all the way down here at 23,000 So but that's all slowly been moving up. So with time That moves up So now we're just focusing right now on the one month and It gives us an idea of where those pools are So let's I'm at the same time while I'm doing this. I'm gonna be writing down I'm basically writing my report for my discord for those that don't get to watch this live stream or this video So I'm gonna be I already wrote down the beginning of this But Right now, let me see that I write down liquidity. No, I haven't wrote it yet. So Hmm, I won't be writing this as we do this as we go through this. So let me see I'm gonna put it here for you guys. So you guys could could see as well What it is. I'm looking at Hmm. So this is basically how I wrote right down my reports. I do an analysis. I put monthly time frame I have comments on it, right? Support and resistance. I Basically break it down chart patterns or whatever I break it down. You can see that but not month not much has changed so far Remember, we still have this bull flag break out Which gives us a target above 50,000 and now we're gonna do liquidity level. So this here This is from last week. So I just I'm just gonna replace this with the most my most recent analysis Which is what we just went over and If we look Right, we just hit this all the liquidity up here We hit this liquidity pull at $45,000, which of course If we look at last week's analysis of the liquidity levels, I said In the whole bunch above $45,000 So I mentioned that level because that was a mean level for that liquidity pull. So now This morning, we finally hit our quality pull above 45 K So now for the downside we still have Big liquidity pull levels around the $40,000 area So that's the main thing. Of course, we have some at 35 but 35 is not too important right now I don't think that's the level that we get to in the next week So so that's the main two areas, right now to now further up if we're looking all right So is there more liquidity to the upside? We can see here We have a small liquidity pull that's building up at around $48,000 So that's something else that I'm gonna add here because it's it's kind of important information, right? We have a new liquidity pull building up at $48,000 and the reason that's important to know is because that could potentially be the next target for Bitcoin's price it could potentially be a resistance. So liquidity pulls not only serves serve as potential targets, but they could be support and resistant levels as well because as you'll see a lot of times is as price gets close to that liquidity pull or if when it hits that liquidity pull That begins to act as a resistance and we could sometimes see price begin to pull back after that So that's pretty much why I like to point out all these levels You'll see that we also have a level way up here at 52 I don't think that's too important in the next seven days So I'm not gonna you know, I'm not gonna touch on it But if we get any type of crazy move over the next few days throughout the week then of course I'll update the group on that and that's that's something that I have a mental note of So the next thing that we're gonna look for are imbalances in the prices. So what exactly is an imbalance? Right, so an imbalance. I like to look for them because an imbalance is when we have a candle like this Where the price never traced it, right? So a lot of times what you're gonna see Look at this massive candle. We had this massive rally here. This it didn't really pull back On and retrace that candle But look at this move this one did and now I'm not expecting a full retrace of this candle But I'm usually expecting half a 50% retrace. So When that doesn't happen That's something to keep in mind because a lot of the times price likes to retrace Big big candles like this at least 50% so you can see here We had this massive candle the next month. It didn't really it did it like 25% It didn't really do much but the month after that two months later Basically, we had we hit that 50% retrace and then price from there took off, right? And then we had this massive candle and what happened here One two three months later. We got the 50% retrace For five months later. We got the full 100% retrace here before price continued up so now Because and now this doesn't always happen, right? That just happens when there's consolidation, right? So that's something to think about and Sometimes it takes a long period of time to fill that imbalance. So you can see this this candle here This one filled 50% so the 50% was hit that would have been a good entry there For a short basic at that point and then you can see eventually Down the line the price went all the way back and completely filled that candle So you'll see that a lot, right? So right now we're looking for for those same potential situations and what we can see here is That this candle was never filled this candle was never filled this candle was never filled and This candle is new so we're not counting that one yet So that's basically and and it actually started way down here. So that's one two three four months four candles of imbalances basically so those those are what I call imbalances when at least 50% of the candle isn't Retraced right so that's the next thing that we're gonna that we're watching for here and You can see that we have if if we're really looking at this We basically have an imbalance and again, I don't want to count the new candle But we basically have this this whole imbalance switch starts off All the way at twenty six thousand dollars all the way to the current price, right? now What's fifty fifty percent of this would probably put us around here. I would say around thirty four thousand dollars Now I don't think that we're gonna pull that back. We're gonna we're not It's very it's not likely that we move all the way down. Let's say thirty two thousand dollars, right to follow that and If we look back on history We can see that when we've had a begin a bull run Like look at these candles. We had one two three four five six Six in a row without a without really getting a pullback and we had these so we had an imbalance here and balance here and Balance on this one and balance on this one and balance on this one Until this final one here. We didn't really get a pullback so I'm not expecting All these imbalances to get filled so I'm more looking at the most recent ones, right? So I'm looking at the most recent candles. So at this one right here a Fifty percent fill would put it around forty thousand dollars So that becomes a potential scenario there, right? So Let's see. Let's look at what we wrote on the report last week So imbalances Massive imbalances over the last three months leaving gaps all the way down to 25 k basically However, we have seen this before in the early bull run stages. So I don't really expect prices to drop That drastically to fill these so that's Exactly what we just spoke about and because that's still relevant. I'm gonna continue to leave it in this report 50% mark of this and of the imbalance is around $34,000 and then what I'm gonna add to it is that last months candle 50% Fill would be at 40 thousand dollars. So that's what we just looked at All right, so next next thing we're gonna look for now are wick fills So wick fills are very very similar to imbalances and the way I I play them and the way I look at them I'm looking for a big wick and Then the reason I like to look at wicks is because price Likes to fill those wicks They it likes to return to those wicks and fill them just like the imbalances, right? So I always look at the 50% mark and then the 100% mark in this case you can see that this wick got instantly filled Yesterday basically right over the last two days So it not only filled the 50% mark, but it went above the 100% mark. So there's really no wicks here that we need to look for Immediately if we go down We can see this wick pretty much got 50% filled. So really it's not Not anything there to be concerned about This this is the only wick that we really left down here Which the 50% mark would be around 21 thousand dollars Again, I don't I don't see us revisiting that level. So I'm not really going to be looking at that Um, so what I'm gonna look for is all right to the upside where are there wicks and you can see up here There's there's a wick here. So this wick was all the way up to 47 500 50 percent is around 46 40 yeah around 46 700 around there and we've almost Reach we were almost hitting that already Um, and then the next wicks are going to be all the way at all-time high So we're not going to be looking at that yet So So on the report, I mean basically exactly what we just said right small wick from september 50 at 25.5 100 percent at 25 Don't think we see those again unless something goes very wrong We have wicks to the upside at 48 000 The close of this month could potentially also leave a wick to the upside and that's exactly what happened It left a wick to the upside and we already filled that wick instantly so Um We could update this one Once wick was instantly filled yesterday No new wicks All right, really don't need to write that just keep it like this All right, so and then the last thing is trade entry. So Really if when we're looking at the at the monthly time frame, we're not really looking at Uh, like day trades type of things. We're looking more at long-term entries You can see that my report last month Long term any pullbacks from this range might be the final opportunity to get in at the cheapest price possible before The bull rally 35 k to 38 k range is a good dollar cost averaging area That's like the optimal area if we were to get a pullback that far, right? But it's looking less and less likely that we will ever get there So i'm gonna change this from from 35 to 38 and the high end. I'm gonna probably put it around 42 Because now I think now that's gonna be the optimal uh dollar cost average Area for a long for the long term, right? Um I don't think we're gonna get 35 to 38 k So now 38 to 42 is gonna be the new area that i'm looking for for long term for anyone Looking for long-term entries. Um, that'll probably be the the spot. I'm looking at All right, so, um, look that's the trade entry. So that's the monthly time frame that pretty much completes The monthly time frame there for us. Um, the next thing we're gonna look at now We're gonna do because we're doing a top-down analysis. We're looking at the weekly time frame, right? So All we're doing is switching from monthly to weekly And doing the same exact thing now. We're just gonna look at the same exact thing Um, except now it's gonna be like a different breakdown, right? We're we're basically zooming into the price Um timmers, what's going on man? Appreciate you tuning in. I'm not looking at outcoins today today This this livestream is solely focused on bitcoin Um, so I won't be looking at that today, but I will be doing an outcoin analysis either tomorrow Or the day after so make sure to remind me and I'll take a look at that for you But for today's video We're strictly only looking at bitcoin. We're only going to be analyzing bitcoin and Seeing where things are and where we could potentially be heading So, all right Weekly time frame here First thing we're looking at I like to just kind of get a overall view Of where things are You can see, um That we have the this major trend, right major trending support here You can see we have a smaller trending support and another smaller trending support So we have three different trend supports here that we're we're taking a look at um You can see that we're at this big resistance And looking back historically you now we see a little bit clearer How this uh, these levels played As resistance here. Look at that. That's like the perfect rejection there Right, we could also see how it was a support here Look at support here again, right? Support here again So that's why this is a major level because Like all this price action that we had here historically in the past So because of that we were expecting Something similar at these levels So that's why this is a big level that we mark here on our charts Now as we zoom in Now we start looking okay Where is the support? Where is the resistance? Right So we have this trend line We have this trend line and in this trend line's way down here We're not really too worried about this because this is this is just so far away Um, that's that sits at 31 000 that would probably be the worst case in ario in Let's say we had an event where ftx failed again for some reason um Then you know, that's that's the only way I think we this support would come into play I don't see any reason why we would drop that low For any reason right now So right now we'll be focused more on these two now these two This support here is around 42 000 And this support is sitting at about 40 000 so Two main levels that we spoke about On the last time frame, right? So let's see here. Let's look at uh last week's report See what uh what we were talking about I always I love to look at last week's report and see what I wrote and see where What our analysis gave us, right? So last week's report the comments were We closed out the week uh in green now We're starting to see a potential bull flag forming here on the weekly chart as we continue to consolidate in this range So let's take a look at what happened We can see clearly what I was talking about right? We had We had a big move up Consolidated this was last week's candle green Well, this is the last week's candle that I spoke about in the report Which was green then The actual last week's candle ended up being red. We ended up down 1.7 percent on the week But now this week's candle is up almost 7 percent already Which is potentially we're potentially getting this breakout Right, so If we get this breakout here We have to figure out. Okay. Where's our target? With this bull flag breakout So first let's go back to our report last week we closed red as continued to solidate between I think last week were were between what the low was 41 the higher was 40 43.8 So, I mean as as we continue to consolidate This week Whoops, this week bitcoin has hit a new two-year high Of 46 thousand dollars Hmm I want to see Bitcoin hold here above the Big 45 thousand dollar level which could Bring in a new range for us Between 45 k to 50 k so that's pretty much my my thought process Hmm now with the breakout Above 45 k This is potentially The bull flag breakout we spoke about last week So now Now what we got to do is measure this right so now we're like, all right. So if we get this breakout How far can this breakout take us right like how far can this be now The way that you measure and the way that you get a target from your breakout is you basically measure the previous move up Um From the bottom to the top and then you put it at the the breakout point, right now We could potentially I'm trying to figure out if to put it from down here Could because that would be a massive but i'm thinking more around here Because this was kind of its own bull flag here and then this was the breakout out of this bull flag So I would say this is probably the the spot So now we're gonna measure that right So i'm gonna put it from This candle here to the top here To the top of that range Then we're gonna grab it and put it at the breakout point Which is right around here 44 And that gives us a target of about 52 000 dollars So now we have a target, right and this coincides With this our monthly chart pattern Which was a also a bull flag breakout which gave gave us a target above 50 000 dollars So now we have the monthly time frame the monthly chart pattern giving us a breakout with a target above 50 000 Now we have also a weekly chart pattern giving us a bull flag breakout above 50 000 dollars as well with this uh Breakout we Gives us a target of about 52 k All right, so those are my notes. I always like to do notes before going in Into the the rest of it and really breaking it down So that's just pretty much the overview, right? So now let's look at each right. So let's start with uh support resistance as you guys already know We have the big resistance level here at Between 45 all the way up to 48 We also have 50 so those are all going to be big resistance areas So that's the first thing that we're going to note here on our report See before last week 45 000 is a big resistance in this range next major level is of course 50 k Main support sits at 42 k and 40 k I think we can see bitcoin continue to consolidate between 40 and 45 until a catalyst can push us out of this range So that's that was last week's report, right? And that's it pretty much exactly what happened We went down as well as 41 000, but 42 was able to hold so that was where we were building long positions there um last week And 45 was of course the big resistance. So now we've broken above that now. We're going to change this to 48 Is the next Big resistance in this range The next major level is of course 50 k. So we can leave that that's fine main support main support The main support now will will potentially be 45 k and 44 k as well If we lose those levels then we could revisit the previous range Supports of 42 k and 40 k, right? And then now we can change this I think we can see bitcoin build a new trading range if we hold above 45 k the new range Will likely be between 45 k to 48 k With the potential for 50 k as well So that's pretty much where my mind's at right now just from looking at that at how things are developing there um So now chart pattern. We're ready. We're ready. Took a look at it So bull flag breakout if price holds above 45 k Let's see uh weekly rsi is still overbought trend line sits at 40 k now higher higher higher low trend lines at 30 k Now one thing let me see here One thing that we are still seeing here Is that we have this bearish divergence, right? You can see here rsi setup went higher price as price went higher but now Price just went higher and rsi went lower So that's going to be important to note here as well bearish divergence between price And rsi so the reason that's important is because When the when the price and rsi aren't in sync a lot of times what you what we see is either A big consolidation period or a pullback Now the reason that i'm not super worried is because We have a big potential catalyst coming um and that catalyst is probably going to Determine what's going to happen here, right? so If the approval goes through These technicals don't matter we can see price just run up if uh If the the the approval doesn't if it doesn't get approved Then we can potentially see these technicals play out Because we would get a pullback at that point, right? So that's pretty much what we're we're going to be watching here and how we're going to play it So I I like to to note it there in the report So the next thing that we're going to look at is uh liquidity levels here And we're once again we're going back to high block capital And this time we're going to look at the seven day chart So over the last week basically And we're going to look for liquidity pools here So i'm going to do Let's see we so this this is the price right now we can see it I like to zoom in a little bit gives me a better idea Of where things are so i'm going to kind of do something like this And now it's a little bit more clear on uh Bitcoin's price and where it could potentially be where where those uh liquidity pools are right So we saw here that we took out all these liquidity pools remember we spoke about that Price likes to go to liquidity pools and we can see that happen there And now you can see that the the biggest liquidity pool is to the downside It's sitting at about forty one thousand dollars or just below forty one thousand And then the biggest liquidity pools to the upside Are above the current highs we set up this week So they're going to be sitting above forty six thousand you can see them all the way up to forty seven thousand basically So those are going to be two levels that we we're going to want to keep an eye on we're going to want to watch Because they are potential targets Right, so um, let's see last week. We said We just hit the big liquidity pool that was sitting at forty two thousand dollars today further downside liquidity pool below forty k We have some upside liquidity pools at forty five k. So that was last week's report, right? Now we can uh We can update this To where we currently are now Right, so We hit all the upside liquidity pools We hit all the forty five k liquidity pools Further upside liquidity pools Now sit above forty six k And then to the downside liquidity pools Let's see where were they to the downside around forty one thousand, right? And that pretty much covers everything we just looked at there So Next let's look at move on to imbalances All right, so you can see there's not really any immediate imbalances here over the last few weeks because we've been Consolidating so the most recent imbalance was this candle right here Which was the end of november the beginning of december, right? That's when we had that big move up to forty thousand and beyond So um, that's the biggest one we have And you can see there's no other imbalances all the way back until october When we had this imbalance here all the way down to thirty k basically So this was the big one that i don't think that we'll we'll see again Um, but this is more immediate And we can see the halffully mark on this one is around thirty nine thousand dollars right So what we're gonna do Let's take a look at what we have here We're in imbalance from thirty seven k to forty k Thirty eight point thirty eight point five k would be fifty percent So we already have we already have that written down and nothing's changed there So we're just gonna leave that as is Wick fills. Let's see last week's wick filled Last week's wick was filled to the upside last week Candle left a wick to the downside around forty point five k Fifty percent was at forty one k. So if we look at last week's candle, which was we're talking about this week right here Let's see We said fifty percent was around forty one k and we didn't hit it. So um We still have that one there and then we're also gonna have this wick to the downside here That's around It's gonna be around forty one point eight k. It looks like so We're gonna make note of all of those right So we're already filled We're already filled last week's Wicked to the upside Last week's candle left a wick to the downside 50 mark The 50 mark where was it? forty one point eight and then we still have the work to the downside from two weeks ago Where the 50 was at forty one k All right, so um, and then once at trades again, we're not Really looking for trades here on the weekly time frame. This uh, it's similar to the monthly time frame We're only looking for for areas to dollar cost average for long-term investments Um, so i'm not gonna gonna do anything there because you could just use the one that we just did for the monthly time frame so That pretty much wraps up the monthly and weekly time frames and then it leaves us with the final one Which is a daily time frame, right? So once we move into the daily time frame A lot of things uh start to change a bit and we we see we we're basically zooming into the price and Really breaking it down, right? So now here is where we can look for day trades if we want to look for day trades if we want to look for swing trades Anything of that nature. This is where we're going to be doing it in the daily time frame and below now. We're only doing the uh The analysis till until the daily time frame, but if you want to go below that you can do you can Do a breakdown similarly to what we've shown you so far And do it on your own to find other potential trade setups All right, so uh, let's jump into this one. Let's see. Let's see what we had last week. I like I like to always look at Oh, no, what did I just do? Just you just stay there. That's it. All right so Hmm, let me see here Oh crypto crypto out Said thanks for sharing wisdom the nightbot Deleted the message because he used all caps But uh, I appreciate that man All right, so um on the daily time frame. Let's go ahead and take a look here So last week At supporting resistance. We saw we we have strong resistance at 45k. We can see 44.2k has been where most rejections have been happening on the daily Major support sits around 42 and 40k You can see we we also have a trend line at 42k currently holding up the recent pullback And current range is between 40 to 45k with potential mini range between 40 and 42k as well So now looking at this a week later We can see that We've broken that well, we can see first of all That the trend line held right This is a trend line. We're talking about and this trend line held perfectly to perfection So we had that Now we had to move up above the resistance that we just spoke about in last week's report, right? so Even though that we you see that currently we're below we're just below 45k This level here Was a big resistance. So that's about 44.2 So I expect that to be potentially A support level here now for the price. So as long as we close above this level, I expect this level to hold there Um, and I I would I wouldn't mind potentially opening long positions there around 44.2k So that that's something that we'll talk about When we start looking for trade setups All right, so let's see And you can see that this is also Basically a uh bull flag Right and this bull flag would be the same would have the same target because we started from the same area here basically So let's first off. Let's let's start with the support and resistance so we broke above The big resistance at 45k. I want to see Price hold above 45k or 44.2k to confirm them as the new support slash bottom of The new potential trading range right Now major support is going to sit at 44.2k and potentially 45k With of course Further support at 42 and 40 Now looking at the trend line support that is now Still at 42 is a little above 42, but Basically still at 42, right? So you can see we also have trend line support at 42 At 42k so pretty much leave that because that's still relevant current range so So this this changes here new trading range If we hold above 44.2k This could be the bottom of the new trading range up to 48k All right, so that's basically what what we're watching there as far as support and resistance now chart pattern So last week I said daily rsi is finally back in neutral out of oversold territory If we look at it now, we're still in neutral. So that's still good daily rsi I'm gonna delete it because it we don't really uh It doesn't really mean anything for us right now The symmetrical triangle pattern broke out to the upside last week, but was rejected at resistance So This is basically what I was talking about. It broke to the upside It was a symmetrical triangle and we got rejected up here to resistance came back down to this trend line and that held up So what we're gonna put here is bull flag Breakout gives us a Target above 50k Just like in the weekly and monthly um Let's see anything else that we need here That's pretty much it for now We do have this potential bearish pin bar here at resistance So but because the patterns the day is not done the pattern is not done So I don't really want to put it in here. So i'm gonna leave that out for now Okay, so here's another another good one that I put last week potential patterns setting up here are double top And head and shoulders. So let's look for those patterns here on the chart right now So the double top Was this here and this right? So we were we got rejected and we got rejected again at the same spot, which was giving us that double top feeling however If we break above it and you know and run up then we don't have to worry about that that'll be out of play However, also if for some reason here we get rejected once again And we move back down and we start consolidating down What's gonna happen? We're gonna have left shoulder head And potential right shoulder Which would be a head and shoulders pattern head and shoulders pattern Is a bearish pattern which could send a price probably further down to Either around here Let me see where would the neckline be neckline would be around here So it could potentially send us further down, right? So now there isn't the the pattern doesn't exist yet But it's something to keep in mind depending how this plays out here Um, because this would be the right shoulder forming here Over the next few days. So we got to see how what happens here Hopefully that pattern doesn't form, right? So We're gonna leave this potential pattern setting of the We're gonna leave this pat the these two notes there so for chart pattern. So um, now let's look on to the liquidation levels So we come back to high block Now we're gonna look at the 12 hour. This is a smallest time frame they offer And we're gonna zoom in And this is gonna be the most immediate liquidity pools and you can see the most immediate liquidity pools right now are to the upside They're at basically $46,000 Right, we have some liquidity down here But the major one the most immediate One right now is in that range. So Let's take a look here at The equity levels what we said last week We have liquidity pools to the upside at 42.5k right now and 43.3. So we already know we hit those We also have liquidity pools to the downside around 41.1k And last week we basically hit those as well. Let me see. We went down last week as low as 41.2 So we got very very close to those liquidity pools from last week's report We hit the upside ones and we basically hit the downside ones as well So now this week The upside at 46 K K And that is currently the biggest liquidity pool to the downside It currently sits We have some at 44.4 And the biggest one is basically 44, right? So I'm gonna just put 44k All right imbalances Going back to the chart We had a massive massive imbalance from yesterday So we can add that to our Our report here and and let's let's look at Last week you see no big imbalances to note here. Everything has been filled in the current range Where the imbalances lie or to the downside where we broke out Of what we mentioned in the previous time frames so We can get rid of that one and then this one we can put massive imbalance from Yesterday's move Right, so 50 mark Which is a target. It's usually one of the levels we target is around 43.3 k 43.3 k 100 percent So in in the event that it filled the entire thing 100 would be About 42.3 k All right, so we have the imbalances now. Let's look for any wicks So right now we have a major wick forming here to the upside and to the downside We have these small little wicks here This wick got filled on this one. This wick didn't get filled That one is around 50 percent is around 42 This wick also never got filled around 41 k Let's look at last week's report on the wicks We have some small wicks to the downside with today's candle They're all pretty small wicks here We will have to see how today's candle closes and potentially keep an eye on all right, so Basically the wicks that we just spoke about small wicks To the downside And we said 50 percent was around 41 50 percent 41.8 k Then we have this wick here that hasn't been filled Another wick to the downside 50 percent At about 41 k today's candle is potentially Leaving a big wick to the upside with the 50 mark at Around 45.5 So that becomes a potential target for another move up Not today per se, but throughout the week So now let's let's move on to trades so trades that that we're looking at trades that we can potentially be taking right So last week's trades The first play we're watching is at Is a long at 42 k retest this is where we currently are I like longs here for both scalps and swings And if we look back at how those worked out You can see that 42 k was able to hold here And we had this massive massive move up. So that was a successful trade from last week's report Um, if we go lower then I like I I'd probably set I'm sorry If we go lower then I'd probably look to set up long positions anywhere under 41 k So this one we didn't get we almost got it, but we didn't get And then of course I signal anything that um any personal trades that I take myself So um So the first play we're going to be watching is a 44.2 k retest This is going to be for a long Right, we're only looking at longs really If we um Another play that I like that we spoke about also like potential plays Here at the 45 k range if Price closes The daily above it, right? So that's basically a break and retest entry So again long And uh, were there any other setups that we looked at? So I think the other setup is breakout above 46 k so during bull markets we like to trade Breakouts So that's three different setups there We have the 45 k if it holds if it closes above 45 k I like longs here If not if we get a retest of this 44.2 k I like to take longs there If not, if price just goes up Then I like to take a long above 46 000 and that's basically the setup for this week. I think I think those are the three trades that I will mainly be looking for And that pretty much concludes our weekly report. So this is this is exactly what we do every single week As um on monday on mondays or tuesdays. I create this report. I basically go through the I do a A bitcoin analysis where I go through Everything basic right everything's coming up this week any events any anything on the economic calendar We look at the dollar index We uh, then we do a top down analysis of bitcoin starting with the monthly time frame Looking at all sorts of different things and going down to the weekly time frame going down to the daily time frame And then finally using all that information all that data all that all that the entire analysis that we just did Using that to formulate a plan for the week a trading plan for the week And that's how we build up these trading plans And that's how we we consistently stay profitable and consistent with uh winning trades um In 2023 I can show you guys now my win rates for 2023 Uh, so let me put this up on the chart So this is 2023. This is how we ended we ended up, uh Taking a total of 107 trades For a profit loss of about 154 percent. So if you started with ten thousand dollars It would have been around 15,422 right? Um winning trades. We had 72 winning trades. We had 35 losing trades Our win rate was about 67.29 percent Um, our average win was about 309 dollars average loss about 196 dollars Average win about 30 percent average loss about 19 percent our risk reward ratio Our average was about 1.5. So you always want to have this at minimum 1 1 to 1 ratio So we're way above that we're at 1.5 So that's why we out we're able to perform so well Last year our largest win was a thousand two hundred and fifty dollars our large largest loss was eight hundred and sixty six dollars Expectancy in each trade is to make about two hundred and seventy two dollars And then this is our average hit rate of each of our targets. So we always set up three targets Target one we hit it at the best rate. Of course 67.29 percent target two we hit it at about 50 percent We're 47.66 percent in target three at about 28.04 percent So, um, that's basically how we ended up performing last year and you could also take a look here at algal now algal We began running it In december, right? So we've only been tracking it through december as for as far as this information that we have here Um, and you can see how it did it performed very well You can see the last one two three four five trades of the year were all wins um And now this is going to be giving you a lot of trades you can see it did 110 trades Oh, you guys are still looking at my face, aren't you? Whoops, there we go Sorry about that guys. Um, you can see on algal really quickly. Let me show you once again, uh the My my personal trades of 2023 here because you guys were looking at my face. You can see 154 72 winning trades 35 losing trades 67 win rate right now in algal This is remember this is an algorithm that were formulated over the last two years or so um And basically what it does is scans the market for trades in outcoins that you probably Otherwise wouldn't find and if the the rules are met that are that it's looking for it creates a trading plan based on the last 50 times that the same setup showed up So you can see that It hit 100 it did 110 trades 170 percent now This is max profit loss. So this means if You nailed the perfect top every single time, right? Um, that's likely not the case So you should be somewhere in the middle. I would say if it says 170 percent You're most likely if you were able to catch every single trade you most likely ended around what? You could have been around 80 percent maybe 85 I mean if you did anything above 20 percent on the month like that's amazing, right? So if the max profit loss was 170 and you did let's say 20 percent of your portfolio, that's Incredible 20 percent in a month is crazy. This is showing the max profit 170 I think you could you could probably be somewhere in between that um Total winning trades 92 total losing trades 18 Which gives gives us a win rate of 83 percent guys 83 percent now This is doing a one-to-one risk-to-reward ratio right at 83 percent which at 50 percent If if you're doing one-to-one with a win rate of 50 percent you would basically be breakeven So one-to-one at 83 percent means you're very profitable Now you can see that average one was 229 average loss 227 And average win percentage 66 average win loss 63. So everybody everything's about even right the largest win $525 largest loss 355 Expectancy 229 per trade and then you can see how it hits its trades here. Um I don't know why this one is showing 82 This should be at 83 The target one and and win rate should be the same. So I'm not sure why this is showing lower But it's about 83 percent Target two it hits it at about 70 percent And target three hits it at about 56 percent Um, and then once you get down to the lower the lower you go the further targets out you go Of course the the lower the hit rate. So we can see 44 percent at four 34 percent at target five But that's how the algo performed last month now I'm not going to go into the options because I haven't updated it Um, when we last looked we were at uh, we did like $5,000 in Income in passive income in november and we were at about 1100 in december Now in december when we had that crazy run up We actually went negative because we had covered calls That went into the negative basically. Um, so I believe that we ended up Going Just barely negative Um, because we had to roll back those positions into january. So i'm expecting january Uh, to be Very very positive basically Because those positions are already in in lots and lots of profits So we've already we're we're basically at about break even from uh december now. This is not updated but um This is basically where we were so Win rate it was we hit 20 20 winning trades in a row basically here Um, and we lost probably like three throughout the month That we had to and when I say lose It's a loss because we had to roll it back But once you roll back the options you make back that money it covers any losses basically so Um, once I update this then then I'll show you guys more But um, but yeah, that's basically so that's basically a recap of 2023 how we did In our trading room. Um, as you guys know or if you don't know Uh now in 2023 we introduced a bunch of new products and features in our discord We introduced we we used to only do the leverage signals that I would share my personal signals But now we created the bot and that's now available. We also have the option signals and we have a Algorithm alerts that alerts you of different movements within the market And we have some indicators that we're introducing as well. So a lot of another cool new features That we're putting up now in our discord. If you guys are interested We're giving away seven day free trials. So You don't have to pay anything you can try it out for seven days If you don't like it Just cancel and that's it. You don't pay not a penny But I'm so confident in what we're putting together here and what we're offering in our services in the quality That I'm willing to give you guys a seven day free trial. That's I that's how confident I am I will give you an entire week for free If you guys don't like it cancel You don't pay me anything if you do like it and you want to continue Then you just continue on with it, right? Um, so you guys can check it out And let me see if I can pull up the page here Give me a second Where'd it go? It like disappeared. I don't know where where it went. So I just grabbed it and it Disappeared. All right. Let me see if I could if I could open it up here Here it is So this is a website wop.com slash bitcoin dash daily And uh, and you know, we offer all sorts of stuff. So depending what your price point is We have a price for you whether, you know, if you want to Pay on the lower side then I I recommend leverage signals 50 bucks a month If you want option signals, that's 100 bucks or algo signals 100 bucks a month If you want access to everything, right then 250 a month and as you can see you get a seven day free trial However, you decide to join it So, um, check that out guys. Like I said, it is we're killing it in the trade room right now And you're probably on my face again, aren't you? Yep. So I I just showed you the website and you guys are on my face So here's a website Um, if you guys aren't interested in any of those of those features Yeah, yonest, sorry about that. Yonest, um I keep doing it because when I switch when I switch the page I forget and when I switch to my face I start talking then I remember I want to show you guys something and I forget that I switched to my face So sorry about that. Um, but yeah, that's pretty much it guys That's pretty much everything that I wanted to cover today. We've been live for an hour and a half I'm starving having had lunch. It's about 3 p.m. Uh here where I live in the afternoon So I'm off to go eat. I hope this I hope you enjoyed this guys Let me know if you guys like this type of breakdown. Uh, I might be doing this more often for you guys Um, I do this every single week in the discord. So this is something else when you, uh, join the discord service We do this every single week, right? So, um If you're if you're interested in seeing more of this we do it every week on discord Um, I think we might put down put together a newsletter Um, we're just trying I'm trying to do so much new things in 2024 I'm super excited because I know the potential of crypto this year And I'm trying to not only position my brand and myself my business Uh to take full advantage But I want to position, uh, you guys the guys that have been following me over the last few years, uh to Put you at at an advantage to make as much money as possible during this next run up because Crypto is literally can be life changing the amount of money that you can make in crypto could be life changing It was for me. It you know, I was able to retire from what I used to do back in In 2017 I was doing real estate. I was a realtor basic at that point And I was doing real estate and I was a day trader until I got into bitcoin and crypto Like that's when when things took off like it was like that changed my life Um, I think it could do the same for you guys and I started out with about a thousand dollars. So Um, if if it worked out for me, I think it could have the same effect on you guys So that's why I'm so passionate That's why I do so much and that's why I I put so much work and time into this. So Appreciate you guys, uh, everyone that tuned in everyone that that was in the chat rivers yannis crypto owl Um, and everybody else that tuned in Thank you guys so much. Happy new years Wishing you guys the best And uh, I'll see you guys on the next one I will do another live stream this week either tomorrow or thursday and uh, do a breakdown of the outcoin So I'll see you guys there until then peace and love