 and welcome everybody to another stream of the gather doing great coming in one minute just before the actual news release which is a fun time to watch okay so the idea is doing the opposite of whatever this move does and the first move it does is trying to clear out all the shorts we're looking for to clear the shorts yesterday but it didn't do that so we're looking for the first move here which is now to clear the shorts so once we clear the shorts it should start making its way downtown moving fast because yesterday was just a consolidation and pretty much did nothing in terms of the way of things just collect more shorts went high connected a few more shorts now they're getting punished and we're finally in that 2800 that we're looking for to hit on the spot a lot of things there's always a good time finally hitting that some people selling like oh get out get out get out but mostly gonna get rid of getting rid of all the shorts then that that's the main thing so once that mills out that should sort of create a nice little point for you again yesterday we should have the liquidity points here and here to be hit and they didn't get hit again because we just consolidated so we ended up hitting that now next one's up here remember we have a bunch of stops here so again wait for the candle close we'll see what we end up getting but generally this is something we come in and reverse on you might reverse on it with a double top regardless we want to sort of wait it out see what we end up getting and then we sort of trade that down all the way probably too far until we break that low range because Tuesday didn't break it either way it just pretty much stayed stayed the course for the whole week but pretty simple again we had a consolidation range we broke high first moves always falls broke high very aggressively got rid of all the shorts and all the stops that would have been placed these points in yesterday's session and now we're trying to look to reverse that that's at some point so I haven't fully hit that 20 a and committed in scroll back and you can see where we have the liquidity being here very very sort came in targeted just that second point up here 20 20 to 50 let's just say we're already sort of pushed past 2800 you flip that you can see as soon as they let it go past added a few walls there they're trying to hold it up trying to make people just buy believe in the breakout and buy this buy this green bar for some reason or another I don't know who'd want to buy here probably buffoons see what's up with the news okay went down good news good news everybody not good news all around but decent month-in-month hi I'm low forecasted previous low sort of fear basically not too good news but decent news nothing sort of abysmal nothing sort of fantastic just it just is it's the safest way to describe it in getting these buyers coming in somehow or another mostly probably just to do with spot I mean futures arbitrage just get that reprised but we also have don't know you also have people willing to buy this at this price for some reason or another again it's just something you don't want to get into I mean yesterday was probably your position to buy again we talked about how possibility one becoming spike it first then go down or we just sort of mellow this out and then you get your chance at a double bottom here you got your chance at a double bottom trades back and then show the name to carry this on throughout the week throughout the day rather nice little here I mean you took the stops here London it stops Asia took all the stops and then stops that it created on this swing as well but now we're just looking for this to slowly but surely find it sort of find his foot in here close this bar out once it closes bar we'll see if it creates back hangs around a bit before dropping but it just decides it wants to drop sort of bombs on us terms of coming back and retesting I mean not really too many points to retest as a bullish retest in don't want to be too bullish on this because there's not really not all the shots but we could clear out majority of the shorts and we're now stacking longs so right now all we're trying to do is show basically show to retail a buying pattern or break out so they can get trapped up here then sort of rug pulling them and so driving in under and we want to sort of look for shorts here not really not really want to sort of counteract a this because again coming in 830 everyone gets checked out look at where spy is that in its life it basically consolidated yesterday which is half of the course Asia dips grab the future grab the future then this sort of trip down into here where we wanted yesterday anyhow and similar story people will come in on the open just see this as a buy and that's perfectly sort of justifiable in saying easy to reverse just because we're going up higher early based off news event and we've always sort of dead at any time see a news event we want to do the opposite of what everything else does hey hey whenever I ever told you to join a pump that's that's the dumbest thing you could ask you don't ever join pumps no if you join it then that means you missed it and you join the the hodl gang they get punished for buying twice let's see what news they're printing out I think close in two years okay the pretty ambush news which is always good people will be reading that with the morning coffee there'll be sort of loud into that yeah okay let's buy and that's all furthest amongst that it's not gonna be a bad day I mean looking at this here zoom out further this is again we want to always look at what retail are doing there's that there's a downfall is then they say oh yeah it consolidated here that there's your flag here so we want to go they want to trade this down but then it breaks and that's why it breaks outside of this so they can short then it goes high so they break out long the breakout long here the breakout long here then they like then it actually goes a direction then they just like sit there on the laurels like oh god damn I should just trade it that short but they don't trade that short because they see the break out first in the first move outside of this range being false pushing down neat okay that's nice though I mean short might be a bit early but we will see at this point it should be decent yeah I should be decent again because I mean you always get some surprise bars that may come in I mean yeah where we get these weeks then we start trading in the weeks here so we start peeling into them and then finally come down there's always that you want to look out for as long as you're safe about things it should be fine because again they're sort of buttering this up I think for for that second box now what's up the letting people go short very early here and they're just holding it up and that's not something that you want to sort of attribute to just straight away going down rug pull so we're probably hanging around a bit so we'll see what ends up ultimately happening here see if they want to push a bit further and grab the liquidity at 28 to 50 or if they just happy with this and they just pull it across lemon juice them if anything it'll be sort of similar to what we have had yesterday where there we go we came in the see those shorts that stacking up and those short stacking up was very easy course to give you a double bottom and finally I mean double top rather same way we see shorts at the bottoms and just see double bottom here and also larger on here very easy spot that out and say yep that's double bottom that's double top it is what it is because either too many lungs got in or too many shorts got in they just want to shake out the weak hands before continuing but closing around 50% is always nice I mean pinning pinning here closing here is always a good thing it's always good I'm just telling them they just want to grab the quick here push back and absorb here then ultimately continue back down and I mean for targets we're looking at we're trying to potentially take this low out again we always gonna look at where where things would be in retail mind they'll sort of draw it out here they'll have something there or have something here as well so when they see that break they say okay anytime this breaks around here they'll start shorting but they'll get stopped out on this area here so you probably expect some people to come in short at this break here so you want it to push it if it does push into here you want it to rebound a bit for continuing back down just collect these guys out something like this essentially where we just say oh we're breaking low we broke this low here and then we're pulling away because people are just driving that short so it's trying to collect some lungs before we move along why pepe not because it's a garbage and also they will have this and you can see this was where you see the breakout buyers come in so that's why I said there's liquidations as well as breakout buying here just because Rita will see this oh yeah then they also buy the reaches here essentially so that's something that you wouldn't leverage and if you see buying around here it's like okay they will expect so that's easy nailing the coffin here so this basically two points you can just punish retail and just say okay they'll come in here they'll come in here they came in here depending on how they draw and what they sort of define it there's sort of your two areas where they start buying this entire entire area and you can see it's already closing below it it's already sort of saying that I'm gonna be higher doesn't want to show anything except for well I mean people are shorting this and just saying shorting again but most people are just being here in that long that's sort of easily punishable one minute till the bar closes anyhow see what the next where the next spot comes in next while coming in here I was sort of wanting to find if this wants to go down or hang around a bit and stretch out its legs look like stretching out its legs a bit that media high again like I said it's usually what you get with these short term shorts that tub nice little top top on the short Solana I mean it looks exactly the same as Bitcoin and have some variety of your personality down the comments this top is I mean yesterday ended in a pin which is something I mean this coming up here we should talk about it down man yeah you probably can I mean that I would be a bit sort of other than my triggers basically our consolidation range here where basically most of the volume is concentrated again we're just pushing up a bit we're just testing testing people's patience and the patience of our traders especially just because we just want to see how fast they'll switch from a long to a short or short to a long given how high this price of wanting to make you see we've got a lot of long here already so let's just point it's only inevitable now it's just the baiting game while we wait we can look at other things I mean this by the spider decided to go for a broke here it's already pushed aggressively outside of anything so a lot of people will come in and open open the market was a buy I mean it's just always a bad sign always a bad time for the day in terms of where people likely to come in again they'll probably come in on that open they'll see this and just like yep yep yep bye bye bye they also see oh yep yep yep bye bye bye bye bye up into here by the time it gets here they'll be like oh it's too late okay that's what we're looking for oh it's too late they bought here we're shorting here we're gonna buy one of shorts eight dollars I know you're gonna hit eight dollars again don't be silly Billy yeah I mean everything looks exactly the same and see how it's trading consolidate yesterday took a dip Monday and the weekend and now it's just rising everything looks on par it's just interesting our liquidity once it gets the liquidity desires then they will ultimately come back down again exactly sort of with imperative reach for the high-liquidity point here came at this point where we should slowly start reaching a big climax if not a climax this should start feeding into a consolidation either or I mean you can see it here it here where it happened I've come down consolidate you just sort of give a chance to breathe and if it doesn't give a chance to breathe then the world is wrong I'm not wrong the world is wrong that's massive candles coming out it's just insane look at this it's like okay coming out this early what's the logical conclusion I it's trapped even a good trap it's a blatant trap it's like a trap from like 50 miles okay smell this straight for the spot bias get tricked I mean they did get tricked out here as well which is funny yeah this looks like a great buy so little to do okay we miles of prep for tomorrow see what's happening tomorrow and finishing the rest of the day coming in here look at this there's no real extra time that will give us monthly budget statements potentially at 2 o'clock coming in later the US wise 8 30 tomorrow your PPI your niche strabless games for May show is nice and we've got the speech coming at 10 30 followed up by basically nothing out of the ordinary then final thing on Friday last day of the week but also if you have consumer sentiment as well as that's coming too late but never so we're only really expecting the consumer sentiment on Friday and PPI as well as the speaker at 10 15 about 10 o'clock so anyway our time to shine the most part time to shine among these dollars however it was like future dates and times so tomorrow's 8 30 and Friday's 10 o'clock the weekly out the weekly is still printing red which is still within within our prohibitive say that yeah red week next week red week as long as we keep getting those red weeks we're happy and after the two red weeks and then look to a green week or a green day something something nice maybe a trip to the Bahamas at this point this is just fishing is just looking for as many traders as you can but it feels like you can't find much just because it's dwindling so it'll probably try and pull it away before it allows to get too many shores of the super aggressive and see if you can grab anything with the double top it's mellowing out I mean five minutes until this bar closes and we got another 30 minutes till the market opens till people wake up and be able to execute once they can we can sort of grab it from there and see what ends up happening okay okay cut down as that seems like a pipe dream don't you mean 3k I chickened out and close the lungs I mean you got at least one more squeeze out of it left but not too much so I mean it's just fine if you close it here because you don't have too much to move up to you have a little bit left it's just getting a little bit of the juice by looking at this again it's trying to finally close this off it's trying to keep it stationary because spies looking like it's at its position 25k before 11 but I think we just go down and just take out a little before we get a second chance and we start with one that we want to see start coming down we don't want to continue this any higher but the same time it's put itself in quite the predicament because if it goes down here people will open a short immediately it goes high here it sort bleeds bleeds sort of money as people take profit on the lungs so it's kind of just very much I think the best option for it is to consolidate a bit before dropping out I mean which has been doing successfully and you can see that at the short here squeeze out a bit short here just sort of driving them a bit higher not letting them take profit nice but you're running out of lungs you're running out of space starts looking more and more appetizing for a short but still training on the side of caution just because we don't know where it's I mean logical stops will probably be here and here I mean so we know there's certain positions where you'd like to stop out we don't know if it will stop at those that's the thing they finally had news good news everybody use consumer price for a servant in April up from 0.1% grain prior month over the over the past few months consumer inflation increased 0.9% that's down 5% year-on-year increased in March. Economist poll by the world has CPI increased by 0.4% advancing 5% over the past year inflation minus food and energy so-called core rates rose 0.4% April the second three months matching economics for the core rate increased 5.5% over the past 12 months down from 5.6% gain in March. The details shelter cost for the largest increase for headline inflation followed by use cars in gasoline. Interesting use cars in gasoline I understand gasoline as you know I am saying use cars people can't afford a new car so they buy use cars prices the core rate was also boosted by car insurance and regulation creation but they're buying weed the counting weed to coin inflation rate oh god damn consumer price inflation has cooled from a 9.1% rate last June but core inflation has been stickier only coming down from 6.6 last September. Feds officials still believe inflation is too damn high. Inflation is not expected to return to its 2% target for a few years. Economics think that they'll be a friendlier comparison coming in a few months as big increases from the last year roll-off annual data. Okay that's nice that's like we said nothing you bought a horse I got damn that's definitely recreational are you smoking that horse there we are again you see has that bit of room and it's making that making that known for itself it's just trying to make everyone and the mothers being this long and you can see they're hitting into these walls so they're getting sort of counter positioned on every time they sort of traded that long so it's always a good sign for us in this very heavy very you sort of long heavy push will finally probably in price going down I mean support people are finally decided to pick up the mantle and buy as well yeah it's finally hit the stop look it's sweet damn time stops one stops two hit other than that there's not really too much to hit outside I mean unless you want to stretch for the gold and reach outside this range but looking out with spies that they're already sort of coming into that hammer and then they're a lot more controlled training now I mean they took the shop stuff only slightly as well so just trading very controlled in here so must this stops can't be down it sort of drag everything down with it that's something that you want to sort of save yourself again we're getting beds but we're not moving which is always nice getting this volume sort of stack up you can see how aggressive this has been on this swing sort of similar to here we're not really moving pushing this up now perfect work perfect to what we want yeah I'm thinking sort of finds normal until really what time we just look at it which it would be just wanted to come down at some point I mean this year goes like this we see if he collects too much shorts and it all kind of gives us another sort of stab at pushing it higher before coming back down that sense of you know not generally too often it does that by looking at how this fellow thing you've got a decent amount of short alongs but not hopefully too much they've always sort of they've tapered off and this move up so it's just specifically a greedy pay here you can see that more they've been moving up the less sort of volume they've been getting and it's just been sparse as they've gone up so it's just they're just driving and I'm just trying to fish for as many trades as we can usually that's these trades are easy sort of added as a short back as people sort of just very antsy and just willing to short that then once we do you get that as a larger picture then depends on if they sort of rise this one even higher until they do you get that explosion of volume and that they are looking for have been looking for last couple of I'm sure of is that today should be a short day nothing else should be convince you otherwise I mean if this comes in and sort of trades back into here I mean we've got everyone in the month is checking to this cause here if we start stacking a billion gajillion straws and then push it off here then you convince yourself there's a nice little long but generally it's just looking for a point fade this at this top then try to push it and we want to sort of commit to breaking either the higher the lower range ideally the low right now that's where your liquidity would be based just purely on the fact that we hit pretty much all the short in the current sort of vicinity railway from New York to take position I mean yeah you're better way on New York it's an open see where it comes in that if it comes in those spikes too high as it carries on a bit then it gives you that extra leg up higher holds holds you well holds people hostage here before dropping down that could be nice but the only concern is if you just made this year and it just becomes an instant fade and just gives you a nice little TV but I think I'm holding less of merit to that and we'll merit to a double double bubble because I think a lot of people are still committed to a short and you can see that here you can see how everyone sort of or anytime he sort of finds way down people yep short okay I mean by itself just consulting up yet get these buyers coming in but retail coming in on the open so these guys can get on get then maybe get something out of it there's really not much to do but hey that's your large pen see if you come back next next bar and straight within here again I think people just get very scared here I'm sure it's just being stacked on each other just pushing down very quick succession these are undoing sort of any sort of long static came in here you can see that I'll give it until the bar close we go into the bar closes wrap up stream just in case we're hit with another left ring surprise but I don't think we're gonna get any surprises out here just pulling up pulling his horses out of here you can see just sort of biding his time up this longer it stays here the more appetizing we find it and see what apples I mean even apples to be toiling Amazon collected shorts okay layering the shorts out we're gonna crash those guys everything seems to be of the same mind which is quite frankly I mean hopefully if it doesn't end up going higher we should drive everything up I don't know why would I why I draw this I don't think now is all the moment of she's like down but again consuming everything here definitely could do some any partial partial push push back as people start believing despair some hope hope I'll get more hope more hope down okay I should you guys was right now nothing is happening so yeah you guys know what my thoughts today and more of a short day than it is long push it down and mind the timings nothing I mean major today but I mean budget statements a decent reaction but generally and you're looking for that short to be done tomorrow again we still have more I mean today it's not gonna be the be old and all it's just the decent chunk of it is gonna be decided out of this move because in got tomorrow with PPI and got consumer sentiment Friday so much the timings again like I said easy so drop down or hold it up until 10 something you always want to be wary of we're getting a lot of short stacking in here we'll see if the shift shift structure or just hold on the same sort of structure where they just gain short squeezing gain short squeezing they are doing those until this satiated if they're not shift it where they break a low then they'll start collecting lungs a lot for a higher rate and they have been shorts normally see pretty much covers today thank you guys so much for coming hope to catch you guys tomorrow great save