Pullback Warning! Bearish Signal Flashing Transcript, AI Summary & Key Points

00:00 Wednesday, guys. So, slight warning signs on the the shorter time frame of a possible start of a pullback. Now, as you guys know, for me, I'm kind of getting ready for a little bit of a trap zone. And the sooner the trap can happen, the more I get bullish again to say, "Hey, so much more entries. We're getting ready for the next leg." But there are a couple of scenarios to play out here.

00:19 This could be a warning sign to say, "Hey, market's starting to range now." And it might become a little bit difficult and choppy in these levels, which means we need to pay attention for where the next buy zones are sitting because at any point if the one scenario plays out with a quick scoop down, we want to take advantage of that. But then I also want to speak around a chop stage where it can take a little bit off time, right?

00:41 We have Bitcoin starting to lose a bit of a trend right now. But then secondly, we have old coins that on the verge of losing support trends. Now, if they bounce, I want to speak around that scenario. There's still a couple of altcoins that are being released today. Injective is having another run. NEO Protocol is pushing back into the tops, right? So, there's still some altcoins that are moving up as the dominance is moving down.

01:00 But the important part here is to realize we have an entire cycle to go here and we need to be prepared for any of the major trap zones that we are seeing right now. So, guys, can I see the likes fly up through the roof? We got a whole journey to ride together. Let's go. >> And this is what I get. I try and fight. >> Yes, fam. How are we doing, guys?

01:28 How are we doing? Are we doing good? Has the last little uh rally treated you well? Okay, so couple things to update on. We're going to go to a chart now. Me personally, I took profits on a on a couple of tokens. Not too many, but like a Pepe and a couple of memes and a couple of different tokens. And I just made sure I have a little bit of cash, right?

01:53 That's the important thing. If you had to ask me how much cash am I in right now, probably 20%. Right? And that's just to scoop up new opportunities when traps come into play. The key here is to catch entries, right? When the markets are bearish and no one's really around, make money, cash some of it along the way, hold the blue chips, hold the good entries, right?

02:12 and but then have opportunities to scoop up when the opportunities arise. That that's where I'm basically at. So, where are you guys at? Let me ask you quickly. How much uh percentage in cash? How much? Let's see. Yo yo yo, pump the likes of sniper. Yes, I would like that. Zback will pull back. Zcash will pull back. We'll talk about it. Um, okay. Tequila.

02:35 Yeah. So, so all I'm saying is I've drunken a little bit of water, right? Right. So, for those who don't know the analogy, when we're partying, there's a there's a time to drink tequilas in the beginning, but then there's a time to have some water in between so that you don't get sent home in the Uber too early, right? And you you missed the bull market because you were drunk and passed out in the Uber.

02:51 So, right now, I'm having some water, which means a little bit of cash flow coming in, right? And uh then there's a point where I'm going to start smashing tequilas again, right? The time to smash tequilas were were on the early breaks of the of the the alcoin breakouts. Now, I'm drinking a little bit of water, right? So, so that's where we are when it comes to that analogy.

03:08 Um, yes. Is it better? I'm about to I'm about to rampage your charts. Hit the chat. Yes, we can hear you. We can see you. You're not lagging. Let me know. Let me know. Let me know. Come on. Make aliens great again. All right. All right. All right. Down to beginning of October. Okay. We got the speaker on. Let Let me see. Let me see. Just pop yeses. I want to see we good.

03:35 Charlie can fly. I want no one missing the alpha today at all. Yeah, we're good. It's better. Fantastic. Okay, guys. So, again, quick recap. Okay, we are now at slight little possible first trap zones on Bitcoin. Okay, there's a little bit of a range here on the trap zone, but nonetheless, we're basically coming into flat resistance now, right? big resistance points over here, which means at any point there can be a nice little flush out into support.

04:05 And I'm going to speak around the two scenarios today. Um, but anywhere here, like I said, between the 87 to $90,000 zone is where we're looking at a possible rejection, right? A rejection into support. The question is, are we going to basically do a weekly correction, right? Or is it in a couple of days? Right? That's the important play here. There's one thing to be super motivated is to remind yourself where you are in the cycle, right?

04:28 We're still in wave one. There's still another two, three big legs after this incoming. Okay, so any pullbacks now is not kind of a a bad thing, right? It's to put in the the higher low and actually send us to alltime highs. There's a couple of phase here. The first one's to break to middle range. Second one's to break to all-time highs and then the third one is breaking alltime highs into price discovery.

04:48 Right? That that is the play here. So we are in those major resistances. So now what I do is I kind of look at the two scenarios that I can look from this this this um area on the pullbacks, right? So if this is going to be a longer time frame pullback, right, I actually plan on the market sitting here for a little bit. The more we sit, the more I get slightly a little bit more deeper on the pullback, right?

05:12 Because it means we're now starting to slow down. Slow down period here means that it's not a shakeout. The next correction, it could be a real midtime correction. The correction could last anywhere two to three weeks and then very likely going into the November, December, we actually start pushing up. And hey, might see 100k Bitcoin by the end of the year, right?

05:30 There's a lot of exciting things to come there. But if it's a real pullback, right, we're going to slow down, okay? And then start start the move to the downside like that, right? But if it's just a shakeout, right, and that's why I want to pop up some liquidity here, just to go through some liquidity. As you can see, liquidity is reminding us right now that the market's making a flag.

05:48 So there's liquidity up and down. So the market's going to chop and just chase liquidity, right? But what we kind of want to do is we want to zoom out a little bit here and we want to go look at a little bit of the high time frame where liquidity is sitting right now. Right? Where the long's sitting and that's the problem that I'm seeing right now. Right now the question is is there enough liquidity the market wants to go there just yet?

06:04 Okay. But if you look at this you're not really seeing tons of yellow to the upside. You're seeing a pull over here at 84 and you're seeing another pull down at 80,000. Okay. And that lines up pretty nicely with the T I'm about to show you guys. Um and as we start zooming out, let's go see where we are on the super high time frame here. Let's go see where we at.

06:21 Okay, not too much on the monthly. That's a good sign, right? That basically means that hey, we can see a temporary temporary bit of chop, temporary opportunity. Um, and then from there, we start releasing up again. Okay, so jumping back to the charts over here, if we look at what we just saw in liquidity, there's liquidity sitting over here. That's personally what I would like to see the market do pretty soon.

06:42 I would actually like to see the market over the next couple of days correct down a little bit more aggressive to this area. From here, I then see opportunities for another attempt back at the highs. The big squeeze level is sitting between this 87 89,000 and then we have 100,000 next. Right? So, we get through those zones and you're going to see a massive squeeze.

07:03 Which means right now, right, we actually looking at okay, if it's pullback, what are we buying? Where are we buying it? And what are the basic ideas? This is if we go and chase that liquidity. I want to see this play out pretty soon. I would like to see this play out in the next seven days by seven to 10 days. Hopefully, a little bit sooner, too. But I'd like to see this start to move move aggressively.

07:20 The longer that we basically take and we don't get through and this is if we don't get through $89,000, right? The more I start looking at the $74,000 zone. Why is that so? The more we hover here, if you go through every single social media right now, the bullishness is ramping up and ramping up and ramping up, which is great. Okay, but at the same time, what that's doing is the longer we take on a pullback, the more people are just piling into the market, right?

07:47 Which means that those liquidity pools will start to form bigger and bigger and bigger and more will start chasing and chasing in and these yellow lines that we're seeing here will start to get deeper and deeper and deeper. Right? So the more we kind of hover and shift, the more the pullback can be a little bit more aggressive. Okay? It will take a little bit longer, but a little bit more deeper.

08:04 The quicker we get done with this, the quicker we can actually move for another attempt to the highs, right? So for me, this is a little bit more of the bullish scenarios to come into play. So I'm going to speak around that when it comes to alcoin entries and what we're seeing. But as it stands right now, as a person that wants to look for opportunities to add more in, I'm personally not piling into alcoins right now.

08:23 I'm kind of done with buying alcoins right now. I still have 80% of my positions because I got them nice and early. Okay? But uh nonetheless, I'm still not at that point of piling in. I'm going to wait nice and patiently for the pullback to come into play. Right? We want to get rhythm here. We want to be a part of the whole cycle and not be sent home in the Uber at 7:00 at night.

08:43 Right? If you ask me that this is a bull market party, what time is it? I think it's 7 a.m. 7 not a.m. Not a.m. 700 p.m., right? Between 7 and 8:00 p.m. That's how early I think we are to the party. The party goes until 3 3 to 4:00 a.m. That's how early I think we are. Right? So, I definitely do not want to be sent home in Uber right now and uh and be a meme, right?

09:04 That that that's not the the key that I want to pay attention to. Okay. So when it comes to Bitcoin analysis right now, what we have is we have two scenarios that we can look to play out over the next couple of days. Right? The first one is we actually start pulling back from here. We have some signs on the 4hour time frame that we're possibly losing some trends.

09:21 Right? So we have a little flag in place. So just to show you guys, okay, there's a little flag. We are losing a little bit of steam here. So we might actually see some momentum to the downside. A bounce at 84, a 10 to the highs, and we start pushing down like that. Right? That's the first major play I'm seeing over here. Then we have the second one which is uh the attempt for new highs, right?

09:42 We actually instead of doing a flag, we actually end up doing a channel, right? Where we have this channel to come into play here where we actually start bouncing in these areas here and we attempt new highs and from there a rejection. Again, like I said, the longer we kind of go here, the more I start thinking a little bit deeper over here. But those are the major plays.

10:01 That's what we're basically looking at right now. So be aware that at any point we can start this pullback. Now the big question we have to ask ourselves, what does this mean for the altcoins, right? So this is where the Bitcoin dominance is sitting right now. Okay, so the dominance is very much moving bearish when Bitcoin is bearish, right? When Bitcoin is turning bullish, temporary right now, dominance is turning pretty bullish, right?

10:22 Which means that in this time here, okay, we do have the dominance coming down. But the important thing to pay attention to is I still want to not fully treat this like a token, but I do want to still still respect the charts and the levels. Right? If we look at this right now, we could see that there are new highs. Okay? And I mustn't be surprised that anywhere here we actually see a bounce in the dominance, right?

10:49 So that basically means that yes, maybe right now Bitcoin is pulling back and some altcoins are still looking pretty strong. We mustn't be surprised if that changes at any point throughout today. Maybe it's Bitcoin losing a key level. Maybe it's Bitcoin accelerating, okay? But that's just adding a little bit more confluence to say I wouldn't really want to buy too much alts right now other than ones that are breaking weekly trends, which I'll go through, okay, and high time frame plays.

11:09 Um, but this could be turning to the upside at any point and we can start having a little bit of a altcoin catchup. Now, why am I saying that? Because if you go through the total three charts, you could see that the total three has not actually broken the full trends just yet. Okay, actually might just be. Let's see here. Where are we on the on the altcoins?

11:28 Okay, so let's pop this bottom trend in. We're close. Okay, so that means the altcoins can join the party at any moment now. Right, there we go. We could be slowly getting ready to start losing this trend, which means you might start to see a little bit of acceleration down within the alts. Now, how big does this pullback look like for altcoins? Right, for alts, I do think it's going to be at any point a little bit fast, right?

11:52 And a little bit absorbing, but I see the alcoin market basically coming down to these previous areas over here. And then I see bullishness. Okay, so something like this, we kind of look at it, it's anywhere. So, let's let let's go do a couple of examples here. Here is chain link, okay, as an example. And let's go up over here in chain link. I'm basically looking at a pullback from here down to the areas of the 11.5ish type of zone.

12:19 That's where next key supports are sitting. Okay, so you want to get a bit of a percentage move here anywhere between 10 and 14%. Right, a lot of altcoins kind of give me this view right now. Okay, the sooner we pull back, the more bullish I get. Okay, so right now I'm seeing pullbacks 25 for ETH. The longer we stay here, then I'm seeing two four 2 three, right?

12:44 Y bless me. Um, so, uh, the key here is to is to see that if we start the pullbacks now, that's the percentages that I'm more or less looking to to achieve, right? Is, uh, let's just see on ETH again what that looks like. Anywhere between eight and the 11% mark on ETH, right? Today is a little bit of a warning show and kind of getting ourselves prepared.

13:04 Okay, I want you guys to start filling the chats right now with tokens because I'm going to jump to to do some tokens for you guys straight after this. Um, but uh, so I can go through all of yours, but this one's a little bit of a warning. And then over the next two, three shows, we're going to just focus on buys, right? I also want to explain to you that I'm opening big portfolios on the next pullback, right?

13:23 And a couple of really good um, low leverage positions as well, but these will all come once we get through this phase. So, we look at Salana, you're basically looking at 100 to 105, right? You look at XRP. XRP is actually doing pretty good. I want to see how it reacts on this break. It's on a trend line right now, right? There's the trend. So, I want to see how this basically reacts.

13:43 But if this does not break through successfully, looking at this come back down to, you know, the 1.4 1.35 from there. Bullish, right? I'm extremely bullish. I X is looking pretty good today. Let's see how this reacts on this trend breaks over here. This pulls back 13 cents. Let's go through a couple of big ones that we've been getting in. AVAX. So AVAX I'm looking for pull back to the mid to the late $9 mark.

14:06 Right? The Sueies that we in I'm looking for a pullback to the early 90 cent mark. Right from there mega bullish right the renders all the good entries we got that's why I think the entries that we got previously are going to do pretty good and they're going to hold pretty nicely right which is a good sign. So for me something like this on on on render um I'm looking for 1.6 that type of pullback in play over there.

14:30 I'll go 9 to early 10 cents marks over there. Okay. So to make it nice and pretty clear that for me is the only sign right now to say um this is what I'm waiting for. I do think there's time. So I want to align again what I'm seeing. Okay. Is I'm seeing at any point now a drop a bounce and then another drop. Right? So I do think we have two three days to get ready for all these limits orders and start loading up.

14:58 Now any positions that you are in and you're questioning yourself right now, should I sell? Seldon is talking a pullback, right? I want you to be realistic with that too, right? I don't want you to be an emotional trader and investor, right? It's very important. You have to make a decision and say, "Hey, where did I buy my old coin, right? And how much like do I really care about short-term type of uh volatility?"

15:22 But if I look at this now, right? Anything that you caught breaking these early things are good positions. Anything that you caught a little bit later here? Yes. Beware. You can go under 10 20% water. You okay with that? If not, then then think about the position right now, right? But all we're looking for here is a retest this zone over here on the total three.

15:42 Okay. And that's why it comes down to um you know, you're going to get entries here again, which is amazing. Great AAA entries are incoming again. So So some cash flow and tokens you maybe missed, right? But nonetheless, ask yourself that question. If you're here, if it's leverage position, some of you can get hurt on 10 20%. Hey, right, there's an opportunity for you to do something about it right now.

16:01 When it comes to Zcash, right, Zcash is ripping again. Okay, why I see Zcash not pulling back just yet. I want to put up the FIBs over here is I told you guys about this. There's no there's not much resistance just yet, right? The resistance is incoming though, right? So, there's resistance here at basically just under 1,700. Okay. So, right now I'm not interested in buying it, right?

16:25 Selling. Hey, maybe offloading. This thing could be you guys kind of determine where you want it in the future. My levels tell me this that we could see a rejection at 1,700 and the rejection come down to 1,200. Okay. And then there is another one which is sitting higher up which if it wants to go for can the next levels up there is 2,200. Okay. Okay, so that that's like my Zcash analysis right now to say any buys I'm looking for, right, are definitely sitting down here, right between a,000 and,200.

16:54 Okay, and it's very likely it's not going to happen soon, right? It will happen at some point where the market has a bit of a chill. Maybe that weekly play comes in and then you'll see a bit of a catch up. Um, but not right now. And if it smashes through, it's going to go. So, I'm not buying, okay? But there could be a small little offload here. And just know that later on in the cycle, you know, we're still early.

17:10 Who knows? If Bitcoin runs to 100,000, is Zcash still going to run? Is it not going to run? Is it pre-running the market? Who knows, right? So, keep that in mind if you made ridiculous money. Always keep that in mind that these things do come down. But this has been a really incredible entry for the market. Okay, please fill up your tokens. I'm about to fly through your tokens.

17:31 I'm about to go through a lot of in tokens. I want to speak about Injector Casper. There's a lot to go. I need to quickly blow my nose. So, you guys fill up there. I'll be back in two sec. Fill it up. for now. Let's watch the Let's watch the five minutes on Bitcoin to see if it's doing anything. I'll be back in two seconds. Okay, fill it up. Full it up.

17:51 Fill it up. And then I'll be back shortly. All righty, we are back. Okay, give me your coins. Get them. Let's go. Let's go. Let's go. Hey guys, I'm trading on WEX. Remember guys, you don't have any WEX accounts. One of the best exchanges in the world right now. Links below in the description. If you're new looking to trade, here we go. Okay, let's jump in.

19:04 Let's start charting them up. GRT Okay, GRT, let's go. Okay. Oh, it's looking so good, guys. Okay, so tokens like this, you know, ones that are, you know, I'm basically going to say this. If you have any AA grade entries, I'm not bothered on selling or doing anything right now. AA grade, right? Coming back to this over here, AA grade is literally catching a token, right?

19:33 You zoom out to the weekly monthly that's had a long move down. It's done this, done this, done this, and now popping right these to try for the 5 10%. Remember the move up here is hundreds of percents. And remember the tokens at a little bit smaller market caps, you're trading with less capital, right? But nonetheless, right, things like this, like a GRT we're seeing now, right?

19:54 Will I sell this right now as as type of panic like this is now starting to wake up. Is there resistance that we're approaching? Yes, there's one resistance here at 3 cents. Okay. After that, the next resistance at 3.6 cents. And after that the resistance is at 7 cents. Okay. So something like this you just know again if you're buying it now hey that I'd be careful of right but know that supports are sitting here it can come retest the 2.1 2.2 cents at any point.

20:20 But any of the buys that we got together right I think are in a really good place. So again we might see a little bit of turbulence over here right something like that possibly come into play. Okay. But if it gets through here it's going to really rampage up. I think this is a good entry to protect. Okay. All depending if you leveraged it, know we're coming into into resistance now and it's possibly one you want to uh uh TP or take some profits on specifically leverage positions.

20:44 Right now I'm in no leverage positions other than in gold. Right. Okay. Litecoin one we haven't spoken too much of. Okay. So let's jump in. I I think there's a there's a cycle for Litecoin coming. I do think it's it's incoming at some point. Okay. Okay, so let's jump through here to the daily. Okay, let's see where we at. Okay, so the weekly breakout was a couple weeks back.

21:11 There it broke out. Okay, so pretty similar to the rest of the market right now, right? We're basically looking at a retest of the zone here. So your buys on Litecoin are sitting between 56 and the $59 range, right? Where it's sitting now is right in resistance. There's two big resistances ahead right now. Anywhere here below $69, there's there's a big resistance range.

21:30 Okay, which means that this could be an area of a little bit of rejection. After that though, so if you want to look at the play here of saying, okay, small pullback down here after that, we are looking for a push up to the $80 to $90 mark. So there is a trade is good. That for me is kind of the the loadup zones over there. Okay, next one. Let's go.

21:51 Sonic. So Sonic, I'm I've always been a fan, but the problem with Sonic. Okay, let's go up over here. I think there's money to be made, but I don't think it's a long-term hold anymore, right? I don't think it's the investment token anymore. Um, but I do think there's some trades to be taken, just with smaller capital, right? Okay. So, let's go through Sonic here.

22:12 Here's Sonic. Let's go here on the 4 hours. So, it's had a great great rally. Really good rally actually. We spoke about it here on the break. So, it's pushed up. So, something like this, you know, I'm kind of waiting to see how it reacts here. There's a lot of resistance ahead. Something like this. I'm waiting for down here. If it comes down, more opportunities.

22:31 But for those who got it, if there's entries down here, stop loss and entry now and being patient, you might be sitting with a great great entry, right? If this thing smashes through these resistances, the next targets are seven cents and then you have the 10 cent mark, right? So, it could be really good entries here, but me personally, I'm not chasing or buying this right now.

22:48 Okay? Short-term resistance. So, know this, this can come into play. Okay? So, you ask yourself the question about the entry. Anything above here is a short squeeze up to the 10-cent mark. Okay, Uni. Uni also had a great month. Really good month from unis swap. Okay, let's jump in to actually make this nice and big so you guys can see everything. Okay, so unis swap great breakout.

23:17 It's coming into Yes, there's a bunch of resistance sitting here. Um, so something like unis swap. Let me just b draw a bottom trend here. see kind of like something like unis swap. We'll soon see how big and violent the pullback will happen when it happens. Looking at around $8 to the $8.6 is your next supports. Then you have also supported around 7.5.

23:37 So basically just saying that if I'm looking to enter, I'm looking for something down there. It just needs a little bit more time to to to really justify the high and things like that. But if you have good entries, I would say anything below $7, I think it's you're still good, right? And I still think from here once we get ready we're going to start pushing up to the $156 mark.

23:58 Okay, render. Let's fly through render. Okay, so render pretty clear. 1.6 to 1.7 is your support. If we had to pull back nice and strong, that's where I'm looking at support. Anything there or below on entries I think are really good. I think Renault next targets are three doves, right? I think there's some big moves incoming. I do want to highlight to you guys again and just go back here to say that we have a possible short-term little trap in play.

24:34 Okay, but once we're done with these traps, right, I do think the next leg is going to probably the biggest leg. It's just about is it going to take three weeks to load up first? All right, or are we going to flush and go, right? These are a couple of things. So, for now, the best thing you can do is just wait for strong support buys and we'll see how long that basically comes into play.

24:53 Okay, just want to double check here. Okay, Maggie, that is it guys. Join tomorrow. Remember, if you don't have a WEX account, link below, but join tomorrow. Tomorrow's a big stream. I'm actually doing it on Sniper Trading, right? So, I want you to go to Sniper Trading. You guys seen I've done shows there before, okay? I'm going to be doing a show over there for you guys as someone else is in my slot tomorrow.

25:15 So, make sure you join because when the market's pull back, I want to speak around these entries, okay? And I'm giving away a lot of uh uh bit funders tomorrow. So, make sure that you are over there, okay? Lots of love, guys. Have a great day. Bye-bye.