Is The Downside Risk Over For Bitcoin & Crypto? [My Trade Update] Transcript, AI Summary & Key Points

00:01 All right, we had a couple of days of negative sentiment within the market, but the market seems to be shaking a lot of it off. And Bitcoin's at a key pivot level, right, which is $77,77.77, right? Can't even make that up. That is the daily pivot level to flip the RSI back towards the upside and price is pretty much oscillating right around there. So in today's video, we'll have a look at is the worst over in terms of the downside risk, which a lot of that came from the trady markets and how they would react to the

00:30 interest rate decision. Right? So we'll have a look at um what's happening in the trady markets. We of course of course took a few new trades. One of them was Amazon. The trade is up, NASDAQ is up, MAGS is up. So all of the positions are moving fruitfully towards the upside and you should be seeing some good P&Ls over there. So we'll have a look at how to manage these trades.

00:50 Are there any other new opportunities? A little bit of the altcoin sector. Nia, right? You're seeing Nia putting quite a substantial move recently. I'll show you why that's the case. Um and then yeah, we'll have a look if there's any other trades on the table. So, smash the like button, vote in the poll over here. That's the real question, right? Are prices ready to move to new local highs?

01:08 Not calling all-time highs just yet, but new local highs, meaning uh Bitcoin pushes a little bit further, maybe 85, maybe $90,000. Are we ready for that or not yet? Right? Is there going to be a bit of a trap? Because with the move towards the upside, we have actually seen a bit of a drop off in volume. And usually we want to see the rise in volume.

01:27 It's not the only signal that you need to look at or should be looking at, but it's one of them, right? So, uh that's where the potential fake out, I guess, could be coming into play, but price action trumps all, which is simply high highs and high lows. That's the most important thing to be looking at. We have 40% of you saying that we are ready for new highs within days.

01:46 27% of you within weeks and 29% say no, not for a while. Right? So, let's get into it. Let's have a look at a few things over here. First and foremost, in terms of the interest rate decisions, uh when you look at that dot plot, the Fed dot plot says that 16 Fed officials see at least one more rate hike, right, coming up um this year, which we only have a couple of months left anyway in the year.

02:07 Um and then they also see the December unemployment rates of 4.1% and PC inflation of 3.4%. So basically one of the main problems is still going to be oil which we should also have a look at. But plotting this across the chart over here I found this to be pretty interesting. You can see that when you went into the start of quantitative tightening over here and you had rate hikes um you know this is actually where your bottoming formation occurred and then price for Bitcoin specifically.

02:34 This is the last regime rally towards the upside and then you actually started to go into rate cuts and a lot of optimistic things for the market at least seemingly so and then the end of quantitative uh tightening and more into quantitative easing and then price went down. So something to probably consider here maybe we're going to start the rate hike regime once again and that will help Bitcoin to ironically create the bottoming formation over there.

02:57 So, for now, we are long. Uh, one of my main trades that I have on is this one over here, QQQ 3, which is three times leverage on um the NASDAQ. And I'm obviously hoping for this to be the higher low, which is about 6% away. I'm basically mostly scaled into this position. I can definitely allocate a bit more if we drop a little bit lower, but I'm looking for the breakout over here that takes it 23% up and into price discovery about 50%.

03:20 So I think this is a relatively low riskto-reward trade um compar comparative to something like um some of the cryptos that are out there which we know that sure they can do 50% upside but they also do 50% downside. So that's a 1:1 risk-to-reward ratio where is this is probably not going to do a 50% draw down right. So looking at the actual NASDAQ this is part of the plan in terms of the scaling process into the trade.

03:44 Now you'll remember you'll remember we had a very very very tight stop loss for those that were very scared of taking on risk. I wasn't one of them. I told you that look, if you want the tight stop, you're probably going to get stopped out on the trade, but I'm personally going to continue to hold and um continue to scale into that position. So, so far, I've done that and I think everything looks fine over here for higher prices.

04:04 So, we took that. That trade was also over here. Um you can see over here QQQ on the grid trades, which you can of course um if you do want to copy that, you can do so. You can also add to the position. I am considering it. I I will see how much capital is still left. We're 15K up or 15K in on that trade. I should rather say Amazon was the trade that we took yesterday.

04:26 It's only up 2%. So, if you do want to get in on that trade, you can copy it. I think it should be there. We've linked it below. Um, two bit. There we go. Copy Amazon. Copy Amazon. If you want to copy the settings for the Amazon trade, that is listed below. Tubbit are giving a up to $30,000 signup bonus. So, 10% on top of whatever you deposit over there.

04:45 So, let's have a look. Let's go through some of these over here. I'm happy with that trade. We'll move on to the S&P 500 as well to see what that's doing. And that's looking good, right? I spoke about this yesterday, the uh price holding this level and then moving on to that hourly time frame. Now, finally breaking that downtrend, which is the green line.

05:03 So, it's green. All systems go. Breaking that level means probable probable continuation up over here. This makes me actually want to go and add more to the NASDAQ position because if I'm seeing this on the S&P 500, this relative strength when we had the interest rate decision um as of course a hike and then of course the Fed chair was very very very bearish or hawkish in his speech at the FOMC and that did drop price temporarily but immediately bounced back reclaimed.

05:31 shows a lot of relative strength over here and tells me that this thing probably wants to go a whole lot higher. And if that is the case, um, you know, I feel very tempted to just log onto my account and and full port that thing because it means that I think this gives a high probability that QQQ3 should chase, right? It should it should be chasing what's coming next on the S&P 500.

05:54 So nice move over there, right? 22%. So this is real trading, guys. I mean, this is what we look at. These are some real opportunities over here. So, um I'll let you know if I do anything with that. Be Bloom Energy up again, moving to new highs, right? Everything is going beautifully over here. This trades up a lot, doing super well. What about oil?

06:12 Oil coming into the resistance area, starting to pull back, but still uh broadly speaking, this is very strong. Anything that dips over here, this is probably the main concern is what happens with oil, right? If we just pull back a bit, put in a high low and then rip through to the top side over here, that's going to add a lot of pressure to the rest of the market.

06:27 So it's very hard to see um the rest of the risk on asset because oil is just so important for the rest of the world that um when oil goes massively towards the upside it does create quite a lot of fear and the markets don't like uncertainty and this brings a lot of uncertainty for what's next for the world right so probably got to keep that one on the watch list over there all right um let's move on let's quickly see what other ones maybe we should have a look at the individual stocks and of course the mags uh ETF

06:55 right which is the Roundill ETF this is the trade that we've been planning, waiting for patiently for a long time. And here it is, right? It's looking absolutely beautiful. I think this thing's ready to cook and we should see that extension higher. And if that's going to happen, well, the individual stocks within the MAG 7 are also going to move up.

07:10 Now, I'm long on this one over here, pressing into the downs sloping trend line and looking for the move up. Oh, there's there's um a macro breath trader, right? We have the quad witching today. Interesting, right? The quad witching is that massive expiration that you have across multiple different contracts and that can bring some volatility, right?

07:31 So that is probably also something that we should have on the watch list. But again, the price action trumps all the price action still looks strong. Could there be a trap today because of that? Absolutely. But for now, I think the bias is still very much more towards the upside. And I'm looking for actually breakouts over here. So I'm super long over here on MAG X, which is 2x leverage on top of this trade over here.

07:49 So, if this trade is going to move up uh 20%, well, my position should move up 40%. Right. Moving on to Amazon. This was the trade that we looked at yesterday. Scaling into that position. It is marginally up. So, again, just a reminder, that's the one that you can copy. I didn't go in full size. I think we took half position. 75,000 on this trade. Um, all in all, that's looking good.

08:12 Up 2%. So, what are we in a loss on? That's the real question. It's only really one thing, and that's Palanteer. We'll go into Palenteer in a moment, but let's go through the uh uh the mags um different positions over here. So, Amazon looks good. Apple looks good for continuation. Google looks very decent, right? I said this is another one that you can go long on.

08:31 Yesterday, my exposure is through MagX. So, I'm not doing individual stock picks over here for my main main portfolio. Of course, I'm still taking the trades with you guys um on the two bit account, which is a $100,000 account, so it's not, you know, um pocket change or anything. That's still decent capital on there, but my main position is going to be on MAG X so we don't have to stock pick in case one of these things do badly.

08:52 The the the broader index should take the thing towards the upside or the ETF. But ultimately, I think that Google looks good as well. It's going to move up with the rest of the market. Nvidia is the weakest looking in the short term of the lot. Um but yeah, it's probably going to recapture here. Give it a little bit of time to reset. anything that you know drops down there holding that high low is probably going to look good for continuation.

09:15 The real sweet spot entry would be that but I don't think that you're actually going to get that based on what the rest of the market looks like. And then Meta is finally finally actually breaking this massive symmetrical triangle that's been holding for quite a long period of time. So um probably going to move up with the rest of the market. And then Microsoft is the the last two that I've left over here are the least interesting to me just because of structurally where they sit.

09:40 I can't really position into something like Microsoft over here. I believe it at least needs a bit more time to consolidate which we've spoken about. And then of course you got Tesla is the weakest of the lot. It can easily snap back into a position of strength but for now it is coming into that resistance area. So just be wary of that. That's why I'm not individually stock picking um on these mags uh or or the magnificent seven stocks other than of course um Amazon, Apple were previously long on and Google.

10:08 I think those are the top three that are probably going to drive the overall um ETF towards the upside. All right, we said we'll look at Palanteer. Um I'm going to continue to hold it, right? So I took half size on the Palunteer trade in case you come further down into 150. I'm not going to close this trade. There's a good chance you're going to put in the high low right over here and then obviously continue to rip up.

10:28 The next time you move up into 188, Palanteer is going to explode. Um and you're going to start to clear out this level at 190, which is going to be your range breakout level. when you do the range breakout, this thing's going to gigcend and you're looking at a 52% move. So therefore, um I think that anything scaling down into this lower like 145 region makes sense, right?

10:49 No need to ultimately close that position. And then we can look at some of the other individual ones as well. So let's have a look quickly at what's going on um with MU because the this sector's been very choppy, right? We took some tight trades over there. So I'm going to close those out. I said I don't want to see price dropping below, you know, 8.85 is the red line.

11:08 It's still holding up, but it's definitely a messy ride. So, when it comes to the the chips and the AI sector, it hasn't been that clearcut. Intel's moving nicely. It's decent. It's cleared out that level, so continue to hold. And then we have Caterpillar as well. Um, I have a soft stop on mine, so I'm not out of the position, but for those that wanted the tight stop, you know, you're probably out.

11:29 You can attempt to re-enter now. Floating your stop loss at 770. I'm just going to continue to hold this trade as is unless I see a deeper breakdown below the 200 EMA. So, all in all, I think that looks good. AMD looks good as well. You got the bit of a throwback. Another chance. I can't take every trade out there, but for those of you that wanted it, we spoke about this being a key level.

11:49 SanDisk also fine. It's holding up. And then we'll move on to um SK Highix, which is kind of becoming a little bit more quiet and forgotten, but it's still grinding up, which is actually a good sign. If less people are talking about it but it's still moving up, it's probably a sign that you should move a whole lot higher up over here. So yeah, those are the majority of the trades, right?

12:09 If there are other requests, do let me know in the uh comment section and we can go through those. Nike is an interesting one, right? I am tempted to take a position on Nike for uh deadcat bounce and this is more just based on TV sequential uh nine bottoms across multiple different time frames, right? I have to be crystal clear. There's this thing looks like absolute garbage.

12:32 There is absolutely nothing over here to suggest other than the TD sequential 9 count which is a timing based indicator by Tom Demar very very well-known stock trader from like the '9s who coined that term and and that system. And based on that alone, there's a potential for a bounce. I'll look over here if it's on here. Sure, maybe I'll take this as an individual trade.

12:53 Um and you know just for the P&L screenshot if you do actually catch the bounce right so we'll have a look. Let's also quickly check out on two but the individual trades that we took because um we we have some of those on the table as well. So let's go over here. We got the Apple trade that's up. We got Fcoin. I forgot about Fcoin, right? We'll go to that in a bit.

13:13 Fartcoin up nicely as well. 25%. We took this trade yesterday. McDonald's trade is a short trade. It's the only short that we have and that's up also 45%. So, let's have a look. If Nike is on here, I'm willing to, you know, take a small position just because let's go to the futures over here. Let's see if they have it. Uh Nike, do they have I wouldn't be surprised if they don't because obviously not that many people are trading it and they usually going to list the things that the majority of the people want.

13:40 So, NK, maybe I'll take it on the brokerage account. Um NK. Now, there's no there's no Nike on here. All right. no Nike on here, so I can't take that trade. But if you do want to take it, there is no stop-loss. So to be clear, you're catching a falling knife. If you're taking this trade, you're taking it as a timebased trade expecting that you're going to get some kind of mean reversion.

14:03 So what you want to do is you probably want to just take a very small amount. Like I would take like 0.1%. Throw it in, call it a gamble, and come back and you'll probably be up a little bit and you have some money for cheese, right? Or jam. Okay, cool. Amazing. Let's have a look at Marvel. You say Marvel's breaking out. We can check Marvel. Uh, decent, right?

14:20 Marvel doesn't look too bad. This is the weekly scale. It is holding up over here. Daily also putting in higher highs and high lows at least in the short term. So, all of that's holding up. And then let's check out McDonald's. All in all, McDonald's short trade looks fine. I do still think though, I just want to be clear for anyone taking this trade with me.

14:38 I do still think there's a possibility you do something like that, which means you' probably experience some draw down. So, just manage the trade, right? But however, if you start to break this yellow line over here and you hold and gain acceptance below that, that's 245, 244, 245. McDonald's can fall very, very, very quickly towards the downside. So, I don't know what's happened over there at McDonald's, what the problem is, but um clearly there must be a competitor in town.

15:02 They're not doing too well. All right, we'll move into crypto. There are some opportunities over there. Let me know in the comments if I missed anything stock related. I'll have a quick scroll through. Let's just see just in case. Uh, I think there was the Japanese market for anyone that was trading that, right? We'll just quickly go to that. Um, it was decently positioned.

15:19 Where's my my risk-to-reward tool? Am I on the wrong section over here? I did have everything drawn out over there, but now it's not there anymore. Um, all right. Is what it is. Maybe it was this one over here. Yeah, this is the one. The Japanese market, the Nikai. We're looking at the Nikai for the long trade over here. That's holding up as well. So, if the Nikai can start to clear this uh 67,000, you know, this trades this trade's fully on the table, full confirmation with a break above 69,000.

15:47 Um, that should be looking good. Okay, amazing. Let's move on. Let's go into the DXY, which is right there in the zone where we're going to find out, right? Who's going to take control of this? This is theoretical uh theoretically a zone where you should be finding some resistance between the key fibs, the 50% level, the golden pocket, and the range high that you've failed.

16:06 Now, of course, reclaiming this is going to be bullish for the DXY. Sending this higher and rejecting over here is going to mean that it's likely distribution and you'll come back down towards the low, which is the orange line. Something to watch over there. Right. Moving on to the whale trade side over here. We got almost very balanced over here. Not too um negative or positive in terms of the skew.

16:28 Free and greed sitting at 56. So, it's dropped off quite a lot. Uh resetting over there. Liquidations, you know, neutral 260. It's not that high. And then the daily exchange volume is um as we've spoken about a whole lot, bobbing and weaving, fighting to defend this level. It's an important zone 25 to 30 billion. If you can hold that, it is a positive sign.

16:47 All right. So, for now, I don't know if you're going to get this all the way up, right? We have to assess and see. But the longer that this is going to be the the inverse for Bitcoin, right? So, Bitcoin looks like this nice move up. The longer Bitcoin holds sideways, the more bullish it is and the higher the probability of a breakout into a bull flag.

17:04 And the same thing is true over here. No guarantee that you get that rounding out um and the move up into the trend line to reject with what we speculated would then look like a head and shoulders formation, right? Um if this just continues to base out sideways over here, it's much higher chances that this will just break down and that will break Bitcoin towards the upside.

17:24 So constantly moving. We need to assess each and every single week. Um and that's why price action trumps all. So a big fight, a big battle between the bulls and the bears. We still have 2 days and 17 hours left to go. For now, if bulls can close it over here, it's looking decent that they can attempt to reclaim and break above that 50 EMA, right? So, one of the levels to uh to look out for over there and then anything that does drop below there is going to be key support into the low 72 zone and price is coming up

17:52 right now um into that trend line. So, this is where it will get interesting. Why will it get interesting? Because there has been a bit of a drop off in the volume. Again, it's a small thing. It's a very like nuance little thing. It's not a big deal right now. But if you do start to see the rejection over here and this begins to roll over, then it can easily quickly turn things back down.

18:14 But I believe all of this is going to be an opportunity if you even happen to get into that zone. Now you have to make uh or come to terms with it and accept that there is a chance that you front ran the key area of interest the 0.382 the 50% level in the golden pocket which would give a technical beautiful higher low and an opportunity to position which means if you start to close back above here it may be worth taking a proper position right tick mark for the proper position stop loss goes below because that can lead

18:46 into a broader breakout which is what we're seeing in a lot of the other markets, right? So, that's why we're looking for positions for anyone that's maybe sidelined and and is hoping to get allocated into the market. There's the number in yellow on the right hand side, 77,777 and it was actually 77 when I was checking this for the RSI pivot. Um, but I was just too lazy to put in the last two numbers.

19:08 So, there reclaiming that gets your RSI back up. And you can see over here we've had a really nice decent reset into that neutral territory. Uh again, I would prefer the most ideal would be if we could see a rejection. Maybe it's the quad witching today that leads to that rejection. I would love to see something like that, a drop off in the fear and greed index into more extreme fear with Bitcoin coming down into some of these key levels because this would just be such a strong uh buy signal over there coming into that

19:40 zone uh just dropping below 70 people get bearish again and then that leads to the high low and that becomes your high probability bounce zone, right? So some something worth considering. And what about the liquidity? Well, the liquidity there is liquidity below just below $75,000 you have almost 75 million and that is on the weekly and then the 24 hours same thing right much much much greater liquidity on the daily chart um which is coming also around that 75k level so just around just above 20 million okay uh and

20:13 comparing to the top side you can see almost nothing uh over there right the ETH BTC chart continues to climb towards the upside giving the green signal for some altcoins Um, and one of the benefactors is pawns, right, which we spoke about over here coming into these key support areas. Puts in the high, puts in the high, low, big move towards the upside.

20:31 So, anything that dips over here is probably going to rip soon after that. Um, so long as Bitcoin holds up, right? So, ponds, I think, could be one of the top performers because it had such massive relative strength. And in terms of an Elliot wave count, you know, this would just be the wave 1 into the wave two correction, and you're still waiting for that wave three towards the upside.

20:50 So, if you look at the tweets over here on ponds versus pump, it's pretty interesting. You got to think of it in terms of money generated and then um how much tokens were burnt versus what they're buying back. So, ponds generated 37.45 million in weekly fees. Pump generated 29 million in weekly fees. Um and then burn tokens 31.2% of the original supply.

21:11 So, 312 million of 1 billion. And then uh we don't have a burn over or here we go. We have the burn 16%. So ponds burnt double the amount and made more in fees. There's no token unlocks and they raise zero money from VCs. Usually you don't want VC's fingers in the pie cuz they get the unlocks and then they dump on you, right? If you look over here, we got an ongoing team and investor unlock and the next cliff is 24 million.

21:38 These guys raise 1.3 billion and of course those guys are going to be exiting a lot of those positions. So, it's trading at $400 million market cap versus $1.4 billion market cap, which means you can see where the opportunity lies, right? The opportunity, of course, is probably in ponds over pump. Not to say that pump is bearish and going down or anything in terms of a token, but ponds is looking good.

22:02 Ponds is looking good over here for continuation high. So, if you want to get onto a fastmoving train, well, watch this one for pullbacks, right? Check ponds out for the pullbacks. We had given that uh trade opportunity a couple of weeks ago and just above that we have pump which is also doing fine. Uh you can see over here pump very similar in terms of that structure.

22:21 Here's that IOT wave count. Right? So wave 1 2 3 four and five. Right? If this is going to play out that that three waves up and two waves down. Well you've completed your first wave down. Perfect back test into key support. This trade was also given I think more so when we did the uh that challenge thing together um over the course of the week, right?

22:39 I can't remember if I covered this on YouTube. All right, so there is opportunity out there. Some things are looking really decent. On was another one we we've been having a look at. Getting a nice move up over here, right? So, it's still relatively early days. Keep an eye on it. Um, you know, if it does obviously start to run, you might have to be forced to chase into the position, but pull backs down into this 34 region over the next week or two.

23:00 If it's holding up above this low, I think you have a very nice um invalidation below that candle over there on Wednesday the 16th of September. So, I'll definitely be keeping an eye out um on that one, right? Um all right. And also, by the way, if you want to take any of these trades, right, I give a lot of trades with the risk-to-reward. Remember, guys, you can take this on uh Bitfunded and then you can get your funding if you get remember the the requirements in terms of what you have to do is only 8% profit, right?

23:27 So, some of these trades you can do 8% profit super super super quick. Of course, you got to manage the downside risk, but if you pass, you're trading with other people's money, which can be up to 150K. So, they're doing a buy one get one free first thousand accounts. They haven't ended it yet, so I'm assuming there's still um some accounts that are available over there.

23:47 All right, let's move on. There's a lot more to discuss when it comes to the altcoin sector. Um hype, right? Hype versus lighter. Another one that you can comparatively look at in terms of the market cap represented is like call it a price to earnings ratio because these are all all uh um fee generating protocols which seem to be the thing for crypto right now because they have the money to buy back the token to create the price um appreciation which a lot of other protocols don't have which is why they just go down.

24:18 So when we look at this, this is uh hyperlquid at 45.9x light lighter over here at 65.7x. So therefore, maybe lighter if you took that lighter trade originally, which we'll go to over here. Here's the lighter trade. This thing is up massively. If you took this trade, maybe it's a good idea to take some partial profits. I wouldn't go as far as saying short the one long the other.

24:40 This is the hedge trade that a lot of people try and take. They'll say like, "Okay, well, if that's the case, you expect a mean reversion. So, that means you should go short on lighter and long on hyperlquid. I wouldn't do that. I think you'll get blown out of the water. But, if you took this trade, shave a little bit of profits and possibly rotate those profits into hyperl, which is also looking very strong.

25:01 I think this is now off the table. Right? We said if this can hold the 0.382, which is exactly where it wicked, probably going to be the high low and strong trending moves. price only tests the 0.382 and off it goes and that's exactly what's happening right now. So um hyperlquid looks good for continuation and then there's more right there's more when it comes to the altcoin sector.

25:21 Another thing is NIA NIA protocol doing very well per now confidential by default. Okay so basically they they giving confidential perpetual trading um paired with hyperlquid. So they're making a lot of moves lately. Another uh tweet that I saw over here is um the confidential TVL with near intent, right? So, a bit of a complicated thing, but essentially what he's saying over here is that NIA and Zcash are compliments of each other.

25:50 NIA gives Zcash confidential crosschain rails and liquidity access. So, when the Zcash uh trade is sitting in Nia's private shard rallies, NA intense TVL rises mechanically with it. And that means basically if Zcash does well, NIA can play a catch-up. So there's a full read on this. I'm not going to go through it now. Pause the video, go to the guy's tweet if you want, but at the end of the day, we can have a look at NIA.

26:15 And that's why it's up 11% is because of this. So quite a substantial move. Um, you've cleared the resistance level over here. This was the next resistance. It had been rangebound. Uh, a little bit of a supporting trend line coming into play. Bang, up it went. So we actually have to look at this compared to Onondo, right? because you you could see something very similar.

26:36 Consider those two charts and I'll try and actually put them next to each other. Let's see what we can do over here. Let's put near and ono next to each other over here. Um this one I'd have to redraw cuz not taking it from the other list, but you can see the similarities over there, right? You can see the similarities. Uh this is your resistance level coming into play.

26:54 So pink box versus yellow box supporting trend line over there. Um very very very similar looking chart. So maybe this is going to be the next best trade is ono. All right. Um one to keep an eye on. Let's go back onto the normal chart. There we go. Ono. Ono. Ono. Let me know in the comments if you have any other trades that you think look absolutely good.

27:16 A started to move really nicely. I'm not sure you're going to get a perfect pullback over here. Um I think that spot buying over here on AA is pretty decent in that mid 65 cent region, right? Somewhere around that zone. 65 to 70 cents. Pretty decent. Uh massive compression and I think you'll get some big expansion at some point. Uh next. All righty.

27:36 What else? What else have we got over here on the list? Let's quickly scroll through. Okay, let's have a look at the Fcoin trade. So, Fcoin up nicely. I mean, as close to bottomed out as possible. We looked at those two candles over there. Uh we nicely in the money on this trade. I'm just going to continue to hold. Uh you know, really, really, really going to start to cook if you can start to clear out this level.

27:58 Okay, that's going to be a major um uh rejection zone from previously to get back above 17574 or the last couple of digits. Right, so you got your barbell approach. These things are very risky. And then you got the other trades that we start off with in the trap, which are I I wouldn't say very safe, but much safer. Much much much safer in terms of capital allocation and whether it's going to go up.

28:21 All right. Um I know you got a lot of requests, guys. There's probably so many things that have the opportunity to put in a sizable bounce assuming that Bitcoin holds up. How's useless doing which has also been one of the top performers. It's doing good, right? It's still holding up over here. It probably needs to pause and rest a bit before the next move up.

28:38 What about whiff? Very decent. If whiff is going to go, this has to basically be the high low. So, what is your um stop loss is going to be 10% away. All right, 10% away. Cash cat. Okay, bouncing off this zone. it started to lose a pretty critical level but quickly reclaim back in. So, um yeah, I guess it has the ability at least to move up to about 27, but positioning into it now today, I'm not sure I'm not sure you're going to get a good opportunity over there.

29:07 Um all right, let's clean this up. Bonk. Um yeah, bit of a gamble. All of these things are a bit of a gamble, right? You know, could that be the high low? Sure, but we don't have that much data. You've just broken the strong downtrend. We came very close to the major supporting level. I don't have too much to comment on this one. All right. Uh Salana, nice move up on Salana.

29:30 Very close to that 0.382. Uh you know, maybe that's the move. If this starts to break out over here and consolidate, you know, above 120, then that's it, right? It's probably going to move a lot higher after that. All righty. Okay. Okay, we can look at um Marscoin. There we go. Marscoin. Okay, nice bounce out of this is the got to be the major support.

29:55 If you're coming back down there, this it's pretty cooked at that point. So, this is a major level. You definitely want to see this leading to continuation. You've had two days in a row of upside. If you get the third day, that's at least a strong sign. Yes, Suie. What about Suie? We should have a look at Suie. All right, let's go to Suie over here.

30:15 All right, it's still very early days, right? When you look at something like Suie, this is very, very, very early days. So, I think if you want to be bullish on this, what you're going to be hoping for is a reclaim of the yellow box. That way, you can call this the deviation, recapture this level, and then you can start to trade back into some of the top sides over here, which would be a range high.

30:32 So, mid-range first, range high, break and hold above this, and and you know, it's it's all back on. All right. Uh probably the best thing to do is go look if there's some bullish divergences and things um taking place on on some of these trades. I will also give you a bit bit of a better indication as to what's coming next. Uh ETH, right? Let's have a look at ETH.

30:56 So I got the ETH uh position over here. Very much like Bitcoin, there's no guarantee you're going to come down here. I think this is more just an opportunity if the market does flush, right? If you get some kind of a trap and you flush down below $2,000 zone, that's going to be the area of interest. All right? Otherwise, very much like Bitcoin, you know, this could be it.

31:15 It could just be bull flagging. You know, sometimes the market doesn't give you much of a chance when once it gets back above here, you're talking about the yearly open and that's it. All righty. Okay. Venice. Let's have a look at Venice. VVV VV we'll go to that Venice token VVV very nice right we were saying anything that's close to the yellow box is a buy zone holding it and off it goes one of the strongest tokens one of the strongest tokens that's out there.

31:57 All right. So remember guys, look in terms of timing as well. Um if there is going to be a bull trap, chances are that it would play out before the end of this year. So what that means is if we're in the transisionary phase of the market cycle, which I I'll remind you, right? Things like this are still red. All right, this is still red. So you haven't even turned gray yet.

32:16 When you turn gray on the super guppy indicator, that's that's usually the moment where you can say, "Okay, now that's it." Like the bull runs on. Green is where the bulk of the move happens. is the most money is made. So, you're not really going to miss out on much. And this has happened every single cycle. For now, it's still red, right? So, uh the point is if we're going to go through a transitionary phase, um you know, you can draw this rangebound environment, maybe move up, maybe later on you flush back down.

32:40 Point is that you'll probably play that transitionary phase out over the rest of this year. So, if you want a safer approach in terms of allocation into the market, you can just dollar cost average, dollar cost average, dollar cost average, right? uh you want to be more aggressive on your dollar cost averaging you know over the next couple of months because timing wise you should by that point have put in the lows.

33:02 So come up with your own strategy. You can go over here as well onto uh the whale trades dashboard and you can go to the Bitcoin DCA calculator and you can mess around with you know what sort of numbers you could have done historically in the past if you followed this type of a strategy. Right? Go and check that out over there. But I would encourage you just, you know, put some capital onto a safe exchange.

33:22 Uh, you know, one of which I'll be doing some DCAing on from also now next week is on Coinbase. So, Coinbase has got super low fees when it comes to buying spot. If you're going to deposit on there and buying spot, we have the resting limit order over here in case you get a bit of a flush. But DCA, DCA, choose a number that makes sense for you, that's right for you.

33:42 I would say that you probably want to have at least not financial advice, at least 25 to 40% allocated, you know, over the coming four or five months, right? So, you can kind of take that number, divide it up, do some daily dollar cost averaging, and just come on to Coinbase and and set those buy orders and slowly but surely buy. So, it's all linked below here if you do want to get a reduction on your trading fees.

34:06 80% off, right? We we negotiated 80% off on your trading fees on Coinbase. Um, use that link, okay, to get access to that. All righty. Let's see if there's anything else. I know some of the things you guys are requesting are super old, right? Kusama, I can't imagine that thing even exists anymore. I could be wrong, but Kasama is like, this has got to be dead.

34:31 Let's have a look at Kasama. Which one's going to have the most chart history? Um, if it's not even on Mexi, that's that's Yeah, that's something else cuz Mexi lists everything. All right, let's go USD. Which one's going to have the most chart history? I I'll try this one. I'll try this one over here, Kasama. I think this thing must be wrecked. All right, let's go on the Let's go on the weekly scale.

34:57 And Yep. So, there's not really much to do with something that looks like this, guys. All right. Not much to do with with something that looks like this. That is down 99.44 44%. It's absolutely rinsed. Completely rinsed. Moro, yes, we can look at Moro was obviously doing relatively well. Let's quickly go to Moro and see what's going on on Moro. Um, Moro USDT.

35:25 Here we have it. Okay, Morpho, go onto the daily chart. All right, so it's going to be attempting to recapture a pretty critical level. This is um yeah, struggling chart. You know, I would have wanted to see this hold over here if it was going to be more uh bullish. There's still a chance that you put in a lower high over here. So, just be aware of that.

35:49 And then you're going to have a lot of pent up liquidity. Remember that anytime that you see a very long trend line, there's a lot of stop- losses, stop losses, stop losses, stop losses. So, if that trend line breaks, you usually drop all the way back to mid-range. So, you got to keep an eye on that, right? You got to keep an eye out on that. But, uh, give it a chance.

36:06 I think you probably have time to establish a position, something like that, right? A little bit of consolidating above that, um, yellow line over there. All right. For those of you that want extra, you want more, right? to one more in terms of your trading and your knowledge. Remember in whail room we have other traders over there. You can see on the left hand side of the screen everybody sharing their wins and their losses.

36:32 It's linked below. Right? So if you want to join you got whail over here. Um for those of you in whail remember you can connect to insert.trade. All right insert.trade which is this site over here which means you can read the feed of all the different traders and you can execute the trades immediately if you want to. Right? If you do want to do that um and you want a interface where you have everything consolidated, it is here for you.

36:55 That's free right whale room is linked below. All right guys, that is it. I will see all of you on the next one which is going to be on Monday. I hope all of you have a great day and a great weekend and let's see if we get bull trapped or not because it is the quad witching but I don't know if that's going to be enough. Price action looks strong on the broader markets.

37:13 So the bias at least for me personally on my tra main trades which is QQQ3 leverage bet and MAG X I'm long right long and strong holding those positions and then of course we got all the other trades that we have on crypto. So only one position is down and that's palenteer. Everything else is cooking. We'll see what happens on Monday. Right. Have a good weekend and cheers for