 All right, welcome everyone Today is the 21st of February had exciting first Month of the year first almost two months of the year bring crypto I want to thank book map for hosting this today we're gonna go over our decision-making process and dive into Ethereum and How we you know kind of break down that market with our tools and what we have Before we get into it I want to go through a disclosure You know any information and presentations that we're doing here today or for educational purposes only and should not be considered specific investment advice nor recommendations Cryptocurrencies futures options for since stock trading contains substantial risk And it's not for every investor an investor could potentially lose all or more than the initial investment Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle And only risk capital should be used for trading and only those with sufficient risk capital should consider trading past performance Is not necessarily indicative of future results? I'm John Slazos from Dharma capital trading you can find us at Dharma capital dot trade follow us on X Check out our YouTube and Our sub-stack channel Our mission is to create a positive impact and help traders achieve their full potential We empower traders with fact-based trading solutions that enhance self-awareness and decision-making Our approach enables traders to execute trades confidently and effectively by facilitating the state of flow So providing with the tools fact-based tools to get you so that you can trade more intuitively The fact-based trading is what it sounds like. It's we're based on facts You know we're making involves making decisions on objective data and analysis, you know less subjectivity You know this reduces speculation and your subjective biases You know, there's there's no opinions here. It just it is what it is And it's just you your brain is the one that's telling you that's not true And so we're gonna get into our approach and applying that to either I'm gonna dive right into that flip channels here Education on our stuff here first I'm gonna clean this up for you So what we're looking at here this this software compliments bookmap it's and What we have and we're presenting is we're showing you here what the previous months high was previous months midpoint previous months closed previous months low So this gives us a sense in how we doing based on you know compared to last month, you know, here's the previous months high And this is just defining it. So when we started February, you know, we basically closed, you know in the in the midpoint of January and You know, this is just a great barometer for any trade period. We're looking at monthly structure currently We're gonna go we're starting top-down and we're gonna dive in deeper But we're just you know going from a higher level first and then we'll go into you know kind of look at the weekly Day in the daily and then the microstructure So, you know, when you come into any time frame, what are your net chains positive or negative? This is a this is just a great example Of a fact-based tool just to have a sense of hey, we're up on the day We're down on a date and if you're up on the day and you're selling you're you know your countertrend So you need to be aware of that You know another good part of a range of any time period is the midpoint So, you know, are you in the below the midpoint or above the midpoint? It's just another bias, you know, you're above the midpoint. You're above the midpoint It's more positive from you know from the previous range And so you can use that again if you're if you're short above the midpoint You should know it and you should adjust your tactics, you know When you're in alignment, you know, and you're long and you're above the midpoint Okay. Well, you know now you can get a little more aggressive because you're in alignment with the facts And that's what it's all about And so, you know, basically, you know starting out the month Stabilizing above the previous clause moved above the midpoint and we make a play for the previous month high This is kind of classic, you know, if we're going to have a range trade, what are you going to do? You're going to go ping pong within the previous periods range to you know get to generate some interest But we didn't do that this month and what we did is we broke out to new highs And then we and then, you know, so we're just looking, you know, and if we look at this price action, you know So this is, you know, we've got this is called time frame structure and this is Price structure So we're looking at these peaks and drops and and we can see that we've got higher lows Higher move highs the market, you know makes a new makes a new high comes back makes a low new high Low and it keeps and we're holding this positive structure, you know, here we kind of this is a Key structure point And so, you know, this is where you look for alignment. Let me just blow this up So looking at price structure By itself, hold on one second You guys aren't seeing my charts here My bad Let me uh fix that Thank you. I thought I could use the OBS to switch channels, but I couldn't So we're back here. All right. I'm going to rewind So what we're looking at is a 60 minute chart And I'm identifying the Previous months range. So here's the high previous months high the previous months low Previous months midpoint previous months close And going over that we started the month. It's basically the mid You know, we're you know, obviously we start with January closes And we it was pretty much the midpoint of that range and we digested around the previous days closed And I was saying that hey if you're above the previous days close, that's a great metric It tells you something you're below it. It tells you something you're short In the mark in your above the previous days close You just understand that you're fading the moment, you know, you're fading the bias The midpoint's a good another good barometer, you know of any range You know, so you've got You've got a midpoint And you're above it same difference. Okay. It's more likely to make a play for the previous periods high You know below it. It's more, you know, and below the previous close more likely to test the the low point. It's digestive It gives us, you know, just a kind of a good sense. So for February Above the above the previous months closed positive working Good above the midpoint. What's the expectation make a play for the high? What's different is that we broke out Sign of strength, you know, so we've got this follow-through from January We had a positive push now we have another positive push. So we're looking at time frame structure Just identifying the time frame, which is monthly time frame i low Close midpoint and now we have price structure working within that And so here we've got a nice a nice trend. We've got a market that's building higher move highs higher move lows And so that the end this market held that structure And it's continuing to hold that structure. And so let's just dial in here A little tighter So here's a mark, you know, you know without, you know, here's a time frame structure It's good to know the previous months high. We have the market. You got their price structure moving higher We're moving higher. We're moving higher. Okay. We can't take out this high What are our key key structure points? Here's our first structure break. Here's our second structure break And so what's interesting about this, you know, just having, you know, having all the facts You know, when you have all the facts, you know, you you can and you look for alignment Well, this alignment tells us that hey We've got a price structure here, but we also have the previous months high So when you're you know, you work it in your position, you know, your your risk management Where you know and you're along the market. Where's the breaking point? Well You need to take into account that the previous months high you're not just taking to count this price structure Another thing to talk about when we're talking about crypto, it's different from futures And different from trading stocks Is that what's the real price? So we're using derby data right now We use derby data because it's a reference rate that we trade options And it's a reference rate for the option pricing. So that's why we use it And there's just there's X amount of market makers on derby It's going to have its own price. Binance is going to have its own price. Coinbase is going to have its own price Kraken is going to have its own price, you know, and so, you know, and and those market and you're going to have In some of these aberrations are going to be a little more extreme on different exchanges that have less market makers So it kind of throws a big wrench in a lot of the technical analysis is what it is Um, you know all of our work is quantitative. So we don't we don't do any TA But looking at, you know, higher move highs, higher move lows That's that's a fact-based thing. If it's not if it's not doing it. It's not doing it What you need to understand is that sometimes there's some Uh, you know, it's a little bit gray sometimes when especially when you have little aberrations But you're always looking for alignment and watching different exchanges is a good always a good thing to do as well You know Is it is it stabilizing above those the same price points on the different exchanges So in this situation we broke out of the previous month high We held it we pulled back and held it Signed a strength and then we take out this high and we're moving higher And now we have some big wild, uh digestive action going on Are we you know, what's the question is now are we going higher? Are we going going to extend? So what I've done here is I've highlighted this price point Where the market took out this high pulled back to it Makes a new high now you have a low you have an you know high low high We've we've we've broken we we came below this point, but this is the real structure breakpoint So as long as we're above here The pot, you know the positive momentum is true Below here, there's a problem So what's what else could we you know now we're going to start to overlay some additional information You know to give us more insight to to what's happened this month And I'm going to put on what I call our over under number. I would zoom out here a little bit So for us when we're coming in at any time frame and here's the start of february We're looking at where's where's the real money coming into this market? Well the real money at the start of february wanted to buy it at uh wanted to buy ether basically 1900 So that's you know, we didn't get that opportunity Okay, so what up, you know, so let's put so this is called sentiment bias This is a sentiment bias figure I'm going to add I'm not going to get too complicated here, but I'm going to add what we call our critical range And so our critical range is basically that zone that says as long as we're within this range We're kind of going sideways we get outside this range and we can and this market has the potential to extend or break out and This yellow line we call it a directional is a directional pivot That was in alignment with the previous month's close. It's not always the case this month. It was so we knew that you know So in this structure and this is called market structure. So we have price structure We have time frame structure, and then this is market structure We have the market opening up at a you know a pivotal point on market structure Because this is the rotational number within this key range this critical range And we have sentiment below the market, which is positive And so being above this point, you know, basically, this is you know, this is your pivotal number. You're above here It's more positive. We're going to rotate up to this level. We're below here. It's more negative We're going to rotate down here and set up a buy opportunity. They never gave us that corrective dip It's they held above the directional and the market made a move Came up and and challenged this area. We had some sellers trying to defend it But we started basing above this metric boundary So basically when you look at these, you know any and within market structure, you have a zone That's a boundary that surrounds market structure. You have A couple different metrics You have what's called a variance and a variance is basically slippage So if you're putting if you have a system and you're looking to enter at a figure You don't always want you don't want to enter at the figure you want to enter in You know in front of it So you make sure you get filled And this whole zone is really signal acceptance like you're at the level, you know, it's basically your slippage area And then our the other metric is an alert distance and this is a metric boundary for signal acceptance So typically what you want to do is keep your signal acceptance Within structure and because if you do that you can manage your risk And it's structure is where money is going to come in and make decisions And so you're not getting chopped up with the Predatory algos in the middle. You're focused on entering in signal acceptance Okay, so we broke out of this critical range and and that gave us a lead into This signal so we you know this structure said we agree with being positive above the previous month's clause And now we move beyond this metric boundary. That's a positive signal This previous Months midpoint Was challenged and we're already we're in agreement with that that market's going to continue and our expectation It's going to continue here and this is where the momentum is going to be tested Basin above here told us it's still, you know, you know, this thing's holding strong and this is our positive signal Now we have a breakout So we know we have an expectation of the market going to the previous month's high and These are our our target expectations And basically if you look at, you know, this is a critical the critical range You could just flip this and basically we had a full extension of the critical range to what we call our upside target to So this is a natural target for a breakout We call the two segment move or a two average price map distance to a pmd move And so the market attained our target now This is a this is a this, you know, this is the expectation for a trade So that's where you base your risk management off of if you're, you know, you're taking a breakout signal But that, you know, but sometimes, you know, you you get into a situation where there's a an event and so And we may be in that we've got a lot of different things coming up We've got a new fork coming up in ether. We've got um Potentially, you know, we've got uh Some decisions are going to be made on a On an etf for ethereum So march is pretty interesting and you know, it's you know, it's either it's kind of teed up for it And what we've done is we you know, we've had a linear move and and you know I'm not one to want to step in front of freight trains So, you know, that's where you can just use your price structure It's holding price structure. That's your story and you're sticking to it Now I know the mark. This is a key point It's a to it's a it's a this two-segment move is a natural stalling point and the market did stall here And so we're and we're getting this digestion So is this digestion ready to is that it and we're going to kind of just pull back and go sideways for february Or are we going to digest here and then launch? Um, you know, you go back to 20 2017 crypto You're blowing you're getting signals that monthly signals that blow through the ut4. They just you know, you get these monster crypto moves Are we are we in that potential opportunity? Who knows could be Uh, you know, we don't need really need to think we can let the market tell us what it wants to do But we know where you know, we know that if the market does start to trade back above 3000 It's got the potential to have a you know, at least a 350 dollar move If not a thousand dollar move You know, we are starting to work into the back half of the month. So how much time do we have left? But you know, things can move quickly Okay, so we've gone through a couple different things We've gone through Uh, we're you know, we're looking at this monthly structure now and we identified this price point which basically comes in at 2860 I'm going to add You know, we do have some other what we call minor levels And these are just kind of like stepping stones as you're like climbing the ladder of market structure And so we have this monthly price point at 2869 that's coming into alignment with the 2860 price structure So basically as long as we're above this base It's all you know, this rally is still in play and this is more digestive action Just like this is a corrective break and you can see how we get these segment moves. This is a half segment move full segment move All right, so let's let's start let's uh I'm going to flip into um Some smaller time frames Okay, so this is a 15 minute chart We clean this up a little bit You know, what's your you know, my time frame is monthly, uh, you know, primarily and I'll use the uh That you know the weekly structure and the daily kind is a trigger. So I'm you know on the um You know, this is a short you know shorter time frame And if we taking a look at what we've got going on here basis the weekly Let me turn off this monthly here. I left on the previous year's high just as a note You know that you know, hey, we're above the previous year's high But you know, here's the situation on the week You know, we closed basically near the high of the previous week And a lot of times when we do that, you know, the market, you know tries to you know Maintain that momentum and you can see that we've you know, really based above the you know The previous week's high and we're still and we're still basically doing that at the moment Here's that 28 60 point So this is this is all still in alignment and so we have alignment with weekly structure So I'll throw on that critical range. We can see that on basis this week And we're on we're at wednesday and cryptos week goes through saturday So we're right in the midpoint of this The sentiment bias is down at 24 53, which is in alignment with last year's high So that's pretty interesting. So if we did get so if we have a big squeeze to the downside And they just give it all up. Where can they go? They could retest the previous year's high And that's in alignment with this week For now what's happening the market is rotating around this upside pivot area, which is very messy So this is this is a little expensive Because typically when we get a signal like this And we break out and we fail it's called a reversal and it tells us we could we could see some type of corrective trade But that corrective trade didn't follow through And then we break out we break out of the lid again And we don't follow through and we get another reversal and so this set up here that did that failed Baski was telling us the market might be more digestive and that's what's happening on a weekly basis And we do have weekly structure just below this level But the fact that if we do start to roll over It's more likely with sentiment below the market that the week is going to try to make a play for 27 33 Based on this structure and based on the weekly if we if we start trading back above 2952 It's going to break this momentum and that's going to more likely put us back in the situation where we're going to take out that 3000 and we're going to start to make a bigger move All right, so let's keep dialing in here I'm going to show it and then we're going to go through the daily Going into more micro timeframes and then we're going to Go into the microstructure as well So the nice thing about our work In fact based trading is it's basically all the same stuff So Whatever time frame you're on you get a sense of what the opportunity is So as I mentioned before when we do get a close Near the upside of the range the market either likes to extend or you know, it's it's a classic it pulls back And so here's the situation that we went over If this is on this now, this is a daily time frame So it's identifying the daily previous days out of previous days low previous days midpoint previous days close So we know, you know, we're always opening up on the close And the market can't trade above it. So we're negative, you know, and this is your tail right from the get-go The fat and the other tail as I mentioned is that you know When you do get a close near the higher the low of the range, you know, it's either going to extend that It's going to immediately extend this momentum or it's going to fall back into it and at least test the midpoint So it tests the midpoint can't hold it Again another momentum signal. Now we're below the midpoint. You see we get a pullback to it Where do we want to go? We want to test the yesterday's low point It's you know, basically it's it's just kind of digest, you know getting the full range Hey, we suck people in on the upside. Let's go see how far we can suck them into the downside And you know, and basically we're seeing some stabilization above the previous day's low So let's take a look at sentiment for the day So sentiment for the day is a little bit below the market So what this is telling us is that, you know, based on this structure And I'm going to add Our level in here. So we like this 2860 levels as a breaking point So what this tells me is that Bottom line, if the market is that good, it shouldn't trade back below 2860 If it does, it's a tell That we're not going to have an extension In, you know, like we've seen, we're not going to have one of these big extensions higher and huge monster breakout Into the into the end of the month What's more likely is we're going to have more of this stop and go action If we hold this, if we hold this level We can absolutely have the upside event scenario is still in play because we haven't broken structure. We haven't broken the longer term price structure Okay, so now if we did get that failure with this structure on the daily tells me is that we could fail here Break structure and then stabilize and get one of those situations where you get, you know, you get everyone sucked in And you get one of the, you know, that quick V bounce But the expectation is that V bounce isn't going to follow through. And so even if that V bounce rallies it all the way back up to 3050 The fact that we traded below here Tells me that this that, you know, that, you know, there's an issue with this market scaling So that so it's uh, it's a little bit of a nuance, but you know, that's how that's, you know That's just how you know the kind of structure works and how you can use it It's something to look for. We'll see how that how things play out so, you know, and you know, so currently Above the previous day is low. We're still good Let me pull up Our playbook Show you guys something else So what we've gone through we had, you know, well, let me add the uh before I do that. Let me add the Critical range here So it's the same thing, you know, here's that key range sentiments below the market So that kind of extends it we have the directional You can see it's a little it was a little below the previous day's close So as long as the market was holding here It's still it still has an opportunity and then we get a failure here It gives you a big squeeze back to the metric and we attain a full segment And we actually attained a two segment move here So we did a one two segment moves the market, you know, when the market makes the trend move It likes to trade in two segments on what an any time frame All right, so What other information do we other fact-based information do we have that gave us insight to today's action? Well, we have what we call our playbook and what that does it First it defines the state of the market and we use color coding So, you know, if you really want to, you know, at first glance this looks complicated But when you think about it and you you get into it If you're looking if you have a strategy that you really enjoy Something that really works for you something that speaks to you something that you work years on This is your thing. That's what you do Well, you get frustrated because some days it works and some days it doesn't work Well, you know, if it's a trend trending strategy, if you're looking to catch moves You know, it's not going to work well in non trending states in market states It has a better chance of working in trending states And if your strategy is more it leans more to the buy side or that's your mandate that you you want to get long crypto And you want to you have a trend following strategy to do that Well, you know, you're in luck because crypto is in a trend mode right now But basically this grid identifies different states. And so all the blue tiles are in bull trend states Theta is actually in what we call a bull trend acceleration. So this is an accelerated trend state And so this has just given us some more insight to the nuances of the trade, you know, you know this This token is accelerating And this token is positive too, but it's more digestion So that so by having a better understanding of what the state is in the state characteristics You've got you can, you know, really optimize your tactics And you know when you really understand hate this I like to trade digestive states I like them a little slower. I like that stop and go action Or I really just like to look for these breakout things because I like to, you know I like to trade You know daily options and I'm looking for something that's going to explode and doesn't cost me a lot and I can catch a move You know, or I like corrective states, you know, I love Corrective states, you know, they it's they provide opportunities to potentially get on the next extension higher of a trend So, you know, it helps to identify where that put those potential sharp pullbacks can occur And then how I can, you know, where you can get back on it. And so these are all, you know, basically just lays the foundation Simple as that, you know, I mean just align your tactics with states and then What we've been going over before I'm not going to spend a lot of time on this is just the structure So where does that state change? That's what these market structure actually defines and so If you're in a certain state with a certain structure, you know, then we can identify What the strategy theme is so either is in a bull trend state The market that's making high remove highs, high remove lows. It's trending. It's got good good volatility, good momentum Structurally sentiments below the market. We identified that with our sentiment bias And because we're in this bull trend state and because sentiment is below the market There are certain strategy themes That are more likely to occur And you know, like where do we place our bets? What's the most interesting thing to do? Well, if you're in a bull trend, the most interesting thing to do is buy a break here And so we identify that we call that a buy our fate or fading momentum into this structure area What's another, uh, optimal thing to do? Well, another optimal thing to do is what would be called a buy DP reversal Why because you know, we're not going You know, when the market goes below the directional here It's a corrective trade targeting this area This this whole area is a break to buy when's it going to turn the market's going to tell us It's going to start breaking structure Which it did here But the real signal is when we get a reversal signal So having the market trade back above 2950 or really, you know, if we get a signal back above the previous day's midpoint That's going to be our trigger today That the bull trend is ready to resume And if not, you know, we're going to see this kind of sideways action Press, you know, probing lower probing lower trying to hit some stops Potentially breaking struck longer term structure. But for the day, we're still positive above this price point So we're in what's called a hedge theme today and so a hedge theme is Where we either get a a breakout this we get a breakout of outside the critical range that can't hold It gives us a cell signal or we can't state we can't maintain a trade above the directional And we get what's called a cell dir breakout. So so this is a cell dir breakout head strategy theme that kicked into play And and it paid out two apmd's So this straight this hedge theme completely paid out And now it's and it's actually teeing up a potential optimal strategy theme So it's it's it's you know, it's always the same whatever You know, whatever state you're in You know, if you're in this state and you have this structure Then do this. This is the best. These are the best opportunities For this state and structure. This is where you want to place the biggest bets And this is this is when the market's telling you this theme is changing We're transitioning into something else And and to help and to make money and to participate in that transition. These are the strategy themes So for ether right now As we go into, you know, the bat, you know The back half of the day We've had a market that's been in a hedge theme And and anytime we're in a breakout We're looking for the market to trend and so we're looking to monitor price action for lower lows lower high Here we get a break in momentum here And this is what I was talking about on the opposite here where you have a break of momentum here That then put, you know, but it makes a new move low. So the expectation since we Broke price structure here. We didn't break market structure yet That's the, you know, market structure trumps price structure So we really need a reversal above market structure once we get that that's going to be the tell And so Having the alignment with our, you know, long-term structure point having the alignment with with dt one downside target one Having alignment with the previous days low. This this becomes a nice base And so our, you know, is this hedge theme over? Maybe, you know, we broke structure here. We broke structure here This would validate that structure break if we trade above here And if that is true What's the expectation? Well, the expectation is we're it's game on again And, you know, and then, you know, we can kind of take a look and, you know, this just becomes then technical analysis If we did break out here, then all the technicians will come and say, oh, is this, you know, expanding wedge this way We had this flat bottom some, you know, backward funnel Kind of pattern, which is powerful You know, I grew up on technical analysis, you know, it that that would be a powerful signal But that's the trigger here and that and so what this Gives you is it gives you the trade vision to say, hey, what what if what can it do? Well, if we do reverse here, we do get there It has a potential to be that, you know, the at least a play for the upside pivot If not an extension higher of the bull trend Okay, so let's take a look at the order book now and see how that can give us some insight to To what's happening at the moment So I use the multi book so I'm not matching up perfectly. I'd like to see I need to You can see you've got some cloud notes that plot our levels. So I'm going to put our Minor levels on here Just basically where we're at It's not a perfect match because we're not We don't have the multi book data But it's it's it's pretty close and it gives it's going to give us some good insight All right, so what do we have going on here? So the question is Is this break over? Is this corrective hedge seam over? Are we ready to resume the bull trend? Was this just a big squeeze? When we look back on the monthly structure, you know, it's it's a bit of a rerun, right? You had a push higher big squeeze push higher big squeeze push higher big squeeze So, you know, we it's you know, this thing's stuck in a loop Um, so are we ready to do this? Or is this the top? for the month ut2 is a good target But we have a broken price structure So I'm always a big fan of saying that, you know kind of prove it to me, you know if if we are If we're heading lower Then the market's going to break structure and it's going to tell me it doesn't want to rally anymore And until it doesn't tell me it doesn't want to rally anymore Then I'm not going to argue with it. I'm going to look to participate in it and I'm going to use All the tools that I have to do that And so here, you know, so this is this is a big mess The fact that we broke this aggressive selling structure tells us we're more sideways So it's telling me that I'm not you know, I'm not fearful to an event to the downside Can it make a new move low? Yeah, but my expectations if we do get a break lower At least for today it might happen overnight, but at least for today I would expect you know the market to you know if we you know break bounce and then chop and then you know make a decision Are we going to get a squeeze or is it going to follow through to the downside more likely that would happen in the coming sessions I like to use the VWAP I like to look for alignment in the VWAP um You know here, I don't have a lot of data that I'm able to show you but I don't know why It's not pulling up all the data The spot's a little different. This is Tyler. This is the spot and it's it's uh It's a little different just as if you're looking at An individual exchange It's a little different as well and you can you're not seen as as much algo activity because you've got the You know different you know less bots obviously and less Market makers are in just cracking versus the the multiple exchanges in the in the uh In the multi book, let's let's use cracking Let's not use the multi book. Let's use cracking here. It's easier to kind of dial in to see who's doing what algorithmically When they do that so We're basically in we're looking at this piece of action here And with cracking the VWAP Is higher above the market. It's coming in off of these highs here And so what i'm looking at On this on the order book is you know as long as we're you know, we had this Situations like this when you get a big seller Coming in to the in front of structure You know you know cracking debt is a little differently. I don't have that chart for me But these are things that I like to look at where you know People are getting emotional, but it's whole it's it's in front of structure And so that a lot of times that that you know is a good tell that you know the markets just push to that extreme and so Here in the order book we can see you know, we can see this paper building up, you know off the figure So basically based on the cracking cracking data, you know, basically here at 28 94 You know and look, you know, what we're looking for to have happen Is to you know, see this liquidity, you know You know if the market's going to rotate higher see this liquidity start to push up And then you know, ideally what happens is the liquidity pushes up and it's basing above here And that's our and then then if we get a situation where we get a lot of dark You know, we know that the market can you know can really you know can can make a you know kind of a quick move And I like to look at and you can see then where the other resting paper is coming in And it's coming in up here at the downside pivot, which makes sense So this is going to track closer to the perp So here it's it's similar. You can see you've got what this is, you know I like to see when you know, you've got, you know, some sellers The big sellers are here are coming out Around the downside pivot. So around this area This is the area that these sellers are defending because if this negative momentum is going to You know, stay true They're going to stick there if we start to rally, you know, if we do start to rally And we come into these areas and these disappear, you know, that that that can be a tell to jump on things Right. So if you have someone to, you know, we what This bigger picture structure Tells us what we want to do. So we know what we want to do We know that We're it's very clear that this is the breaking point. Absolutely. It could just go to, you know, go to zero if it breaks below here The fact that sentiments here makes me, you know, question The ability to really extend to the downside. It's more of a setup With when the short term is giving you a little bit of a tell where we could get a little head fake first The, you know, squeeze to to bounce If we but you know, so the big, you know, the bigger what's the bigger opportunity that the market the rally starts to go Because if we do break It's not like we're breaking into a bear trend. It's we're breaking into a digestive state, right? So we're going to transition bull trends don't transition into bear trends bull trends transition into Digestive situations and corrective situations So what's the interesting trade and opportunity is if the rally is going to start up again and and so You know, if we're looking at different, you know, right now at the moment, we're in the middle It's, you know, it's it's at a minor level. It's not so interesting The market is, you know chopping around What is interesting is if the market can get above here And so and what I'll leave you with is because we're getting close to the end of our time Watch you you can you watch the liquidity here and it you can you can see I've got my uh large lot tracker on too so this is one player here and If this if the liquidity doesn't build up here That can be a tell that we we're going to go through it and if we go through it It's a big deal because that's going to produce a reversal and that's going to start that, you know A bigger move to the upside something, you know, at least a retest of 3000 if not more if not the beginning of a new extension higher and You can use the you can use the VWAP As a guide as well as kind of your tracker, you know, if the market continues to correct Continues to probe lower here and you can retest the lows but then stabilize, you know Make make a new low by a tick and turn You know, this is crypto. So it's it's more of a seismograph here, you know, don't you know, this is the market is turning now And so this this then you can The way I would use that as well with market structure is if the if you would get this pressed down We don't really have any big sellers in here. You've got some buyers below here. We have some buyers off You know Definitely coming in here off our figure at 2860 2050. So we've got people that are, you know, there's liquidity that's building up here And then using the the view, you know, you can use the VWAP now as a potential turn To, you know, to kind of jump on the trend. So understanding the state We're positive trend understanding the structure where sentiment is It's below the market Understanding, you know, where we are in the in the time frame. We're up, you know, we're pressing previous days low Understand the price structure we broke, you know, we're not we don't have a smooth down trend right now So we might be in trend. This might be transitional And if it does transition, it's positive And if it does if it does transition positive Then then we have then we have a what if, you know, then we have, you know, something that has the potential to, you know Go for this, you know, we're just this thing is just knocking off targets And so that's our next target any questions on that? I'm just going to drag this over here so Everything you do and all the tools that you have in your quiver to trade You want to just zero them down to what's factual anything that you can't put into an if then statement you need to question it Because the problem is is you you can insert your subjective bias to it You got this thing in the back of your head that's going to you know, that's going to influence your trading And it's going to stick you in, you know, the worst thing it does it sticks you in bad trades longer It makes you hesitate and doesn't let you exit your you know, your bad situations You're not able to trust your your inner voice You're you know, when you get when you get the feeling that anxiety is building up on a trade That's a tell So that's a tell that your body's saying there's something wrong with I don't believe in the subjective bias that you have And it's fading the facts And that and that's what causes that anxiety because you know, there's a problem Unless you unless you unless it's all based on money and if it's based on money, then you're probably trading too big You know, so you have to have proper size management for your capital So, you know, that'll that'll factor in there as well But if you if you're trading proper size And you're in and you're in an opportunity and you get that, you know, that little voice to start you start to get some angst You know, a lot of times, you know, you need to listen to that angst and act on it and You know What we're presenting here is is basically just it's proven this is behavioral finance and it is you know, kind of highlighted in Daniel Kahneman's book Thinking Fast and Slow You know the outside view offers more accurate predictions than the inside view And then what you know with that saying is that you know, we all live our lives, you know making intuitive decisions And most most of the time they're right But you know, definitely in trading you need to take a step back and slow down that process It can't just be shooting from the hip And that's what our method does it incorporates this statistical outside view To help slow down the decision-making process to minimize biases And that's what it's all about So if you enjoyed this presentation, you know, share with your friends You can come to our website. You probably need to type it right out so you don't get sent to the fund and You know, we do we do publish on post on x and and have some more tutorials on youtube And if you'd like you can reach out directly To us at info at dharma capital dot trade We got some good times ahead of us cryptos back It's moving so good luck and we're going to introduce you in the coming weeks to some some new talent some new options talent and some Another behavioral trader it's going to come in that That we work with the trades the You know fact trades effect based trading approach And it's going to give you insight into how they use it So Thanks for your time and enjoy your day. Cheers