 What is going on ladies and gentlemen welcome back to Bitcoin daily today? We are doing a market analysis, and we're gonna be speaking about what happened over the weekend We're also gonna speak about some trade setups that you guys can be taking this week today Maybe even and the trade setups that we're looking for for the rest of the week basically After that, then we're also going to jump into some trade setups with ethereum like coin XRP Neo Cardano chain link Tezos These are definitely trade setups You should be taking if you guys have watched our previous Monday top setup videos You will see that we profit basically on all these trade setups that we have spoken about if you take it Please guys subscribe. I'll make sure to like the video and drop a comment and join the video base All righty guys, so let's jump right into it So as you guys can see here, let's first, you know, how we like to start Let's check coin market cap. Let's see. Let's get the big picture on what's going on in the market today As you guys can see here The total market cap today is 442.56 billion pretty much flat. It's down almost a half percent today Bitcoin's dominance has gone down a little bit. We're at sixty four point four percent Bitcoin's price pretty much flat. It's been kind of a very volatile day. It's been jumping up and down You know, it was it went up as high as I think fourth thou I mean eight something fifteen thousand eight something will go over that And then it's gone as low as like fourteen thousand eight something. So we'll go over those numbers though Ethereum as you can see for forty six down one and a half percent XRP at twenty five cents down one and a half chain link 1256 down two percent Bitcoin cash down two percent Binance coin down one and a half like coin down three percent polka dot pretty much flat and Cardano down two percent so Let's go ahead and jump into these charts that to refresh it just in case Sometimes these things be acting up. So I've got to refresh it. All right, so let's start off on a daily Look at all on look at it on a higher time frame All right, so you know, you can you can see here basically right now We're kind of forming basically another bull flag pattern here as you can see You know, we formed the same thing right here. Look at this bull flag It just grinded its way up into a broke out of that range And now we've had that big move and now we have consolidation here, right? So we've been consolidating in these levels here. I mean, it's a very wide consolidation area right now as you guys can as you guys can see it goes up to basically sixteen thousand and as low as Let me see what was the low fourteen thousand three sixty six So that's a very big range. That's about a six seven percent range, right? $2,000 range and as you can see we basically Played most of that range here. The high was fifteen thousand six seventy the low was fourteen seven thirty eight And then today That was yesterday today. We've gone as high as fifteen thousand eight seventy five and a low of fourteen thousand eight forty three So that's a thousand dollar Move just today, you know, so hopefully you guys been able to grab some profits We're we definitely did grab some profits. We're actually in a trade right now here that we're about to get stopped out of So anyways That's for the video that we're actually doing tomorrow We're showing you guys these the trades that we're doing in our Challenge account live so make sure to check that out tomorrow. But for today, let's stick to these charts, right? So Let's see. We're currently trading at four fifteen thousand four hundred You can see that we tested this Fibonacci retracement level, which is that thirty eight point two percent Which is right around that fifteen thousand marks so that fifteen thousand mark also marks a huge Psychological support resistance zone so you see that we tested that and we popped right back up So we're still holding as long as we close over this fifteen thousand three hundred range We should be in pretty good shape. Let's zoom in a bit to the four hour here All right, so you see this McDonald's sign right basically looks like a M for McDonald's But So what we're looking for The main trade that we're still looking for is that pop over sixteen thousand That's gonna be the main trade that we want as far as a breakout Then there's the main support here is that fifteen thousand so that the whole Thousand dollar area is that you know, we want to play one of those ends. We're not really too worried about what's in between, right? but Obviously we are playing what's in between For scalps, but these you know, you got to play these a lot tighter So the way the way that you enter this the fifteen thousand is You know how we explained before we don't want to catch We don't want to try to catch it when it's falling we want to catch it when it's bouncing So this big red candle you just got to let that fall, right? You got to let it go You would have seen here it just continued to drop So if you would have entered any position here at fifteen thousand, you know playing that as a support if you would have entered You would have got stopped out, you know your Your stop wouldn't have been that loose if you're playing that loose and you're not trading, right? So that that would have been a stop out So what we did we let it go then as soon as we saw it bouncing back up We triggered a trade which we told everybody in our group And we all jumped in and then look at this. It's gone all the way up as high as Wait hasn't been it's been like in the last two hours. So it's gone as high as Where's the high? 15,000 466 so that's currently what we've done We so we hit basically our two targets were 15,200 and 15,400 we surpassed our two targets, right? And and we literally just stopped out of that second position We had there for tomorrow's video. We'll go more into that in tomorrow's video though. So For now, so what we're what we would want here? Let's see So we have this Fibonacci level right what what number is that 15,000 326? So we're currently on top of that that could be a Support to enter as you see here. There's a lot of support in this area, right? We tested this a bunch of times to get all that so the way you want to play that though Right, it's either on a breakout like we just literally played it right now or You want to see it test it and then jump back up, right? So this this would have been the perfect move here. These are two examples of trades that we Probably took I'd have to look back, but these are probably trades that we took We broke out right so this was a breakout and you play that you're taking profits all the way up Then here you would have stopped out Boom, you would have seen it go down Go back up and on the on the way back up. That's kind of where you want to enter, right? So you would have entered that You know and you would have been able to depending where how you played it how tight you played your stops You would have been able to write it, you know at least to 15,600 Then on the way down like you don't want to try to catch a falling knife So you would have let it go down go down go down You would have let that go down and then when you saw this test at 200 and bounce back up You would have wanted that's where you enter that 300 break through boom Enter you you could have rolled that all the way up to 600 taking profits 800 taking profits Trailed out let it go let it go Let it go let it go Broke 15 you just keep letting it go then as soon as you saw it bouncing back up and once it went over 15 that's the entry boom and you start writing that out So that's how we've been playing that and that's how you want to play these levels You want to if it's dropping you don't want to try to catch it You want to let it go and then when you see it bouncing back up with momentum? That's when you want to enter the trade. So that's what we've done there That's how we've entered those trades and that's how we recommend you guys to play it the same way So our entries right now our support entries are going to be 15,000 and around is 15,300 to 200 range That's another area where you can you can enter but again you want to play the breakout You don't want to catch it falling down, right? So so here above 400 right now if I was looking to take a trade right now For a scalp. I'm looking First for it has to be over 400, right? Let's go go into the hourly I would want it over 400 and I would probably also want it over the high of the day So if I'm looking for a breakout trade, I want something over the high of the day now The high of the day is 15,000 for 66 so I'm gonna want to take a trade above that But since that's so close to 500 already Remember 500 is a whole number. So that's a psychological resistance And look at look at the resistance there resistance here resistance there So you can tell 500 has an effect on price. There's always buyers and sellers there, right? But also notice that when it broke 500 look at this candle it took off So 500 is going to be the level that I'm looking at for my next trade, right? I'm looking for above 500 I wanted to break the high of the high of you know, the recent few candles plus the high of the day I mean not the day. I'm sorry plus a break 500 so those two will trigger for me a Entry by signal and that's a trade that I'm willing to take with my With about a $50 or less stop loss and my Targets are 600 700 800 so I want to get out by by the time I hit 800 That's kind of where I want to be taking the majority of my profits I'll leave 25% of my position left in it and And I'll write that up. What happened to the music? All the music just ended So Because we've been rejected up here a bunch of times, right? So if if I take that trade I enter it and I take all profits I have still 25% of my position that I'm trailing with right so if it gets rejected and comes goes down I stop out. I'm all good if it doesn't get rejected It continues up because a lot of people are always worried about, you know, not Missing out if we break out over 600 But if if we get a breakout above 16,000 I have a new entry brand new entry above 6,000 16,000 So I'm prepared for that entry as well. So that's what people don't understand like They think they're gonna miss out if they take profits, but you're not what you're doing You're taking profits. You're making that money real You have to take profits and then you're gonna you there's no reason to be scared Because we're gonna enter a brand new trade above this 16,000 range. So I am taking profits every time some people are gonna be just Being greedy trying to hold all the way up and then the price is gonna do this gonna come back down You're gonna usually that's gonna end up in a loss because you're gonna panic. So at that point When what you should be doing is entering taking profits taking profits taking profits trailing out letting that go all the way down Entering back in taking profits taking profits that you know what I mean Like that's how you're supposed to trade. That's that's why if and if you're just holding for this whole ride up and down up and down Up and down. I mean eventually your profit, but you could have been making a lot more profit So so yeah, so that's basically it on this. Those are the entries. I'm looking for 16,000 15,500 15,000 those are the main entries. I'm currently looking at in Bitcoin for this week That's the levels that we're looking at Also for it, you know what it might do for the rest of this week like I mentioned before we have a big bull flag here So if you look at it like that, boom, this is a huge bull flag guys. So What we're look what we're basically waiting for long term We need a break above 16,000. So we if we can trigger a break above 16,000 That's gonna trigger a ride up to 17 for sure now 17 is probably gonna reject us because that's a big resistance But that's what we're looking for this week. Hopefully we get it If not, we might just continue consolidating within this range right here Which is like that 15,000 a 16,000 range possibly even 14,400 500 So this whole range, it's a pretty big range, but that's what you can expect about a lot of the consolidating a lot of the consolidation So you just got to be ready for that breakout though above that once it does break out So let's take a look at Ethereum Ethereum Same pattern you see this big bull flag here And what we're looking at here, we're looking for entries basically around See how this has been kind of pulling back So the entry here is 420 So I didn't quite get to it But when you see this I what I do is I wait I wait I wait once I see it bouncing back up Then I'm like, okay, and I see this go back down. I see it bouncing back up So above this Fibonacci level, which app it also happens to be that 430 level That's an entry right there. Boom. You enter that and you write that the targets are 440 Boom you hit 440 here for sit 450 460, right? So you would have hit all your targets. We triggered this trade Then on the way back down. It's kind of the same thing You're just kind of waiting and seeing where it's where the bounce is so you can enter a bounce So what we did today, this went down We let it go down. Then we saw it bouncing. All right 440. We're entering it triggered. Boom. Now our first target is 450 That's a trade. We're currently holding So what we're looking for right now for the this week Breakout trades are above 450. That's a breakout trader. We're looking for Support is 440 next support 430 next support 420 So those are support entries that we're looking for and the breakout entry that we're looking for right now in ethereum We're at 15 minutes. I don't want to make this too long. So let's run through these Bitcoin cash basically the same pattern guys bull flag Here you're looking for a Support entry So kind of the same thing, you know has is these all have the same pattern That four six that 260 era was that first entry would have been a breakout above 260 you would have entered that 270 is the first target here. So If I'm looking for entry right now, I'm still looking at 260 as the first number. I'm looking at The next number is probably like 275. You see how there's resistance right there. So I'd want something above 275 With a pretty tight stop So if I'm entering 275, let me see what my target is Target your first target is probably like 280. So you want to have a Maximum of about $2.50 under 275 stop basically. That's what I would do and for the 260 I'd have You need to stop probably around 257 40 Granted here at 260 your target is 270. So you could have a $5 stop That would be fine. I would have my stop right under this candle And that's basically it for Bitcoin cash litecoin Let's see what litecoin has so we spoke about this level Friday or Monday We're currently kind of sitting at that same level or just under it So that's that $60 range so above that it is a breakout buy It's currently sitting at 59. So $60 would be that breakout buy Let me see your stop loss Probably be around $2.50 Because your target You're looking to hit $65 is really your main target as close to there as possible Remember, but as it moves you got to be trelling it with your stop loss. So That's the thing with these. You got to really watch and tell them For a breakout trade you're looking for something above 265 that's the breakout that I'm looking for All right, that's litecoin XRP Basically same thing we've gone up we've gone down going up and down, right? if You caught this entry that was an amazing entry right there look at that boom If not right now the entry is 25 cents has has always seemed to be a good entry there so 25 You're taking profits it looks around 2560 taking profit at 26 and Taking profit at around 2640 so that those are the three areas to take profit if you're entering here at 25 Not entering anything below this Maybe 2460 the most I'd enter it under this under that I wouldn't enter anything because then you have to drop down here and then this green area is your next entry for a breakout I probably be looking above this. So this is like 2680. I want something above the high This previous high here as a breakout entry All right chain link. So chain link went up took off, right? Hopefully you guys entered this is that $10 range that I told you guys about many many times If you entered it look at that takeoff to 1350 got rejected back down to 1150 And then now we're just kind of bounced up a bit and we're consolidating between 12 and 13 so that breakout by is going to be above $13 as support entry is probably more around 1150 12 1150 to $12 is a support entry that buy is above $13 that break out With your targets being 1350 14 1450 so every 50 cents. So that means if your target 50 cents if your profits 50 cents and the max your The max your risk should be is 25 So I know someone had said something about, you know, where we put our stops if I'm giving you targets You have to be using risk Reward ratios. So if your target if your profit is 50 cents if that's a reward then the max risk You should be taken as half of that so you can have at least a two to one ratio All right, so I'm not always gonna say every single move I'm gonna just tell you the breakouts and where to enter and you guys got a Yeah, learn to figure out the rest man. Come on. I've I've made all these tutorials for you guys to figure it out So no excuses here Tezzels I It is a bull flag, but I I don't I haven't like I haven't done anything with this corn recently I haven't traded it but the entry here is $2 and the breakout is gonna be above 220 So the two entries there And you know you guys can figure the rest out just look at previous stuff Those are the two entries I have for that though Neo as you guys can see another bull flag here. I have not traded this Because like I said, I wanted to go basically above $16 so $16 is that entry I'd be looking for as you guys can see it Did break above it and then came back down, but that's that entry. I like above 16 is a breakout below it I Don't like it. I'm not even gonna look at it. Nope. I'm not looking at it Below it. I'm not looking at it. So above 16 is where it's at anything under it. Don't like it Let's look at the futures So futures opened up with a bit of a gap as you guys can see it came back tested it So we're in the clear where I go. We can take off. Let's do it. Let's do it guys Last one Cardano, then we're over 20 minutes. I wanted to make it less shit Bull flag same thing. I'm looking for an entry around 670 if I wanted to enter this or a breakout of the previous hire, which is 729 ish So those are two entries for that. That is it guys. I am done. I am so Be like tired. I don't know why I need coffee Check out tomorrow's video We're gonna be taking some live trades and talking about it. All right guys, so the question of the day is I Is gonna be with Bitcoin entries when Bitcoin is dropping, right? And it's hitting that support level How is it that we like to enter in those Bitcoin support entries? I'm asking these questions as these are questions that will make you better overall That's why I select these type of questions to make sure that you're paying attention I hope you enjoyed this video. Please make sure to hit that subscribe hit that notification bell and hit that like Thank you guys. I will see you tomorrow. Peace and love