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00:00 Yo fam, happy Wednesday guys. Okay, so I'm still not bearish on this market and I think it's very important to be patient for the next opportunity buys. Now, a very quick show today because there is just two or three simple charts to pay attention to right now, right? And therefore knowing that we're in the phase of time capitulation, right? Market just don't do much, right?
00:19 And we have to remember that the speed up phase of downside happens near the end and then I'm incredibly bullish to 100K. So there's a lot to speak around, but at the same point, it's important to keep it incredibly simple. >> I try and fight the devils, but inside I'm just like sniper. >> Bam. Like it up. Like it up. Like it up. Patience is hard, but it's the key to success, right?
00:49 We have to remember there's a model here, right? We're going to buy strong level support. when the speed up happens, we're going to take some profits, have some cash on the side, and wait for the opportunities again. So, again, one of the simple rules we're waiting for now is a double digit red day, right? Hey, Michael. Um, a double digit red day, right?
01:08 Is a simple way to know exactly when to be adding more to positions, right? So, again, we look at bubbles. Bubbles is one of the the key things to pay attention to, right? Here on the daily, we're still seeing a couple of altcoins pop, but overall, you know, alcoin market is starting to reject and pull to the downside. But what I'm looking for is that flush, right?
01:27 And that flush that basically makes all of this red. Okay, it's that speed up phase. We need to be ready with limit orders. Okay, so let me go through the charts of why I'm still seeing, you know, the the downside for now, right? There is a there is a time frame on this. Okay, if we don't get the downside we're looking for, I don't see price rising up too fast just yet at any point.
01:49 Okay, but there will be a sign to say, hey, strength's coming in, right? We're getting ready to go up. But until then, you got to be ready for the downside. So again, if we look at where Bitcoin's at right now, it's still not climbing back into these trends. It attempted, right? It's rejected and now it's coming back to the downside. Next thing is you pop in the next trends over here and know that there there is a wall right now that separates a fast dump, right?
02:13 and a fast little capitulation move to the downside, right? So again, you're still sitting with all of this liquidity down over here in the the the early 80,000s, right? And late 70,000. And we're still sitting with this one down here, right? But we'll see how this one happens first at any point. What I'm getting ready for, okay? And then we'll we'll kind of view to see if we're going to go to these lower areas over here.
02:33 Okay? But what you're looking at now is you can see this trend over here that we're currently fighting and sitting at right now. Okay? Which gives me two basic plays for the day. Okay? This is the top trend of uh maybe another attempt to the upside. Okay, but this is basically it. The good news is it's telling us that anywhere in the next 24 hours to 36 hours, we should have a move, right?
02:53 A move that gets us out of 83 and gets us out of 84, right? We're kind of sitting in that major range here. But the important thing that I want to get to here, right, is below this range over here, there is a speed up gap, right? There is that shakeout phase to come into play at any point. Okay? And something like that looks like this. Speed up and then we start looking for some strength to the upside.
03:14 If we fail, right, to get to a strong point over here and at least get up to 86 again, right, then we still have that play to come in over here. So again, just that lattering in method of getting in. But for me, I'm still not seeing the major signs right now to say, hey, we definitely just going up. Now, there is the play, okay, that I want to remind you guys again.
03:35 Okay. And I actually, you know, the thing here is the longer we take to get these pullbacks in play, the more bearish I kind of turn, right? And all I mean by that, right, is I mean that right now, let's go test 80 and let's go up again, right? But the more we take our time opens up the doors to the $74,000ish area, right? After that 100k, right? Full bull, full bull, full bull, right?
03:57 But I got to remember it's early in the party. We're still in the first major wave here. Okay? Okay. So, if I look at this over here, we do have this scenario where we actually push up to 86 again, guys. We failed to get through there. It's known as the the Batman, right? The Batman, right? And from there, that for me will give me that push to that downside area over there.
04:17 Okay. So, for for the point of where we at now, first play, right, is we actually see uh this start and we start speeding up pretty soon over the next 24 48 hours. Second play is we actually do see some bullishness. Okay, but then still resulting in this. Now, why am I getting to those points, right? It's very important to understand, okay, that when it comes to the weekly time frames, okay, and I want to bring up this indicator over here, which is stoastic, which is important, right?
04:43 You've got to see where this weekly RSI is sitting. Okay, now we have an opportunity for this thing to sit up here for a while. But in order to have that opportunity, we need the short-term pullback, right? We need the short-term flush to come into the market. The longer we sit up there, right, and the more we just get more exposed over here, puts us at risk of actually having a three to four week downside, right?
05:06 And a speed up on the high side. This is what we do not want to see right now, right? If we do, we know we're anywhere of up to four weeks of downside of just slow grind, slow grind, slow grind, right? Speed up. It might happen on a first drop off. Okay? But what I would like to see is a little bit of a red week this week. get this thing down and we actually go and attempt the highs again, right?
05:29 Something similar to this over here, okay? But we actually then have that next major leg. But this is an important, you know, uh, indicator to keep in play here, right? Is this one. Now, the good sign is the monthly is at the bottom, right? So, all that this again is adding into play here for me is a temporary cool down into a rally up into the 100k later in the end of the year and specifically beginning of next year.
05:51 I think we we really go for it, right? So, that's a good sign. good sign is the next couple of months all the way until August next year, right? This thing can make its way to the upside. But the last time we're overexposed was in 2022 and we did see, you know, Bitcoin rally up um from the 60,000 all the way to 120. So that that that's a great sign, right?
06:08 But we do have to read the room and see where the weekly is sitting right now. Okay, let's see where the daily sitting. The daily is still not at the bottom. Okay, so just to show you guys that the daily, okay, here it was moving down. when it gets to this over extended area is when it tends to make the move right you tend to see the speed up at the end of the pullback right be coming down coming down speed up happens near the end right type of area over here so know that this is still sitting dead in the middle right
06:36 now okay so all right to kind of sit and be prepared for that play to come in so those are the two players there when it comes to the altcoins alcoins are sitting in this boat over here okay which means that they actually have support support and we could actually see a little bit of upside else today, right? We could actually see a nice little move to the upside.
06:52 Again, a failed new high. We move down. Okay, if we want to get extremely bullish, we have to see us break out of there. But the pattern is quite the concern. Right now, we're in this uprising wedge. Okay. And remember, the more we kind of fill this, the bigger the flush can actually be, right? So, keep in mind this trend line on the total three. That's important.
07:12 Okay? Because if we start losing this, that's when the speed up will come into play. Now again for me I'm looking at a slightly bearish uh uh uh Bitcoin. I look at the dominance and I see the dominance is here and for now this is still the play on the dominance. We actually get some strength and this is very likely to come from either a extremely strong Bitcoin.
07:29 Okay. or it's going to be fear, right? People kind of jumping out of Bitcoin, out of altcoins back into Bitcoin, right? That safety haven and that will kind of come from a nice little speed up move um at any point, right? So again, for me, it's quite simple. Right now, ETH is looking good, right? We do still have that dominance looking strong, but it's simple for me to see that we're starting to have these pullbacks and I'm still waiting for these flushes to come into play before upside on the market.
07:53 Right, ETH, that is the play there on ETH, right? Salana, we come down to this area here. We start moving to the upside. The more we sit here, the more I get concerned, we do that, right? We actually end up being double the size of the wave to the downside, right? And again, high time frame that is is still extremely extremely bullish, right? Salana coming and testing mid 90s is very bullish for up.
08:19 Okay? So, we have to be uh committed right now, right? Or me specifically, right? And be patient. We're the one of the only ones that are calling red in the market right now. Everyone's still kind of green, green, green, green, green, green, green, right? I'm temporary red into majing majoring uh rallies. And at the same point, the exciting part about when the next rally starts, I think there's leverage opportunities.
08:38 There's bot opportunities. There's so many great ways to make capital. Now, if you want to trade, I do think the market is in a good trading range, right? I really do. I think it's in a good strong trading range right now. Okay? But it's short-term kind of sculpts to come into play. Okay? But as you see here on the short time frame, uh let's see some better options here.
08:57 Actually doesn't look this is a problem. Okay, I take that back. I take that back. Okay, I take it back. I take it back. Where you want to be trading is when the market is trending, right? When the market is trending and making flags and things like that, it's looking good. This is actually looking quite terrible uh when it comes to to to trading. So that then gets me to a couple things that I'm paying attentions to to trading, right?
09:19 I'm looking for a gold short. Gold's moved up. So when gold gets up to this area over here, we actually had a fast little dump in the beginning of the week. I'm actually looking for a little short to the downside. So I'm still quite bearish on gold, right? When it comes to the futures, right, I'm still quite bearish on futures. If I look at futures here, a speed up at any point down here kind of makes sense, but doesn't hold here.
09:41 We're going here, right? But I'm still seeing downside on the futures, right? I'm still seeing a little bit of bullishness on oil, right? The dollar is starting to reject. Okay, but it's still sitting in ranges of supports right now. The dollar might sit here for a couple of days. Again, that can be the problem. But that's also very likely blow of dollar into a raging bounce into the markets and something come into play like this over here.
10:05 Right. When it comes to liquidity right now, this is the monthly liquidity still sitting at 79,000. We're starting to build a little bit here at 85 86,000, which is good. Okay. The more we can come down, the more you're going to get a massive yellow push to the upside. I see on the weekly there is a there is some yellow on the upside and this is why I was saying that Batman effect could come into play but that's sitting at 85.
10:26 So let that keep building. Okay, we're still sitting with some liquidity at 82 over here. So the market is just in this chop chop chop range guys. The coolest thing I'm I'm going to be ordering one is iPhone right now for traders. You can actually have a chart and trade on the other side. Right? Remember WEX is giving away one right to any of users that are using the link below.
10:46 So shout out to WEX. anyone that wants a great exchange link below in the description. I think this is a a trader's dream. Uh okay, let's see what else we are seeing here. Uh I want to see if there's any crazy. So, a couple of old coins. We got pump. Let's see how pump fun's doing. Okay. See how pump's doing. Good rally on pump. Really, really, really good right now.
11:14 So, no real buys here, but this is looking strong. One important, you know, trend you can pop in here is this bottom trend. Basically, hold this thing for the entire bull market for as long as it holds that trend, right? That is a key one to to to uh uh to put in there. I see AA was starting to wake up. AA is just not it's just not breaking out of this range, but when it does, it's going to look good.
11:34 It's actually looking not too bad, guys. It's quite wicky, okay? But if you look at the formula we've been speaking around, be a good time to accumulate some asset if you believe in it, right? So, that is one to to pay attention to. Um, so remember, just because I'm waiting for some downside doesn't mean I'm not taking some some long-term buys on alts that are breaking the normal recipe that we've been paying attention to.
11:54 Um, okay guys, lots of love. I'll be back tomorrow with a nice little early show. Um, smash up the like and I'll see you guys. For now, we just day by day we show up. Nice quick shows. I I don't see the point of long long long shows. We be patient. When the next opportunity is clear, we'll bring it to you. Lots of love. Bye-bye.