Bitcoin BEAR TRAP Before The Pump? My Altcoin ENTRIES Transcript, AI Summary & Key Points

00:00 What up? What up? Hope you guys are good. Guys, want to speak around the trap here? Bitcoin is now hovering just below $80,000. And I am seeing stuff on the chart now that's showing me that there's very likely going to be a trap that's going to catch many off of guard. Now, when you break a certain level like this, everyone starts to kind of think about the the bad scenarios, which is important, right?

00:19 Something that I've been speaking around for the last uh couple of weeks. But what I am seeing is a few hidden tools that are showing me that a big trap can come into play and catch many off guard. Right? We're going into FOMC tomorrow. We know that there is going to be volume enter the market. We know that it's a very big event that happens to change the dominance.

00:36 We know the dominance is sitting right at resistance right now. So for me in today's stream, I want to highlight where we at right now, what I think can happen into FOMC uh in the next 24 hours. But I do want to highlight why I am personally slowly building positions for the trap to come into play, right? And I've just added another three to four altcoins to my positions.

00:56 I want to go through those with you. And then I want to show you guys the idea or the best altcoin positions that I'm seeing in the market. ones that are ready now and ones that I think are going to be ready as well as very important trends to catch the major breakouts. So yes, for many weeks I was sitting bearish, but now my zones are starting to be hit and now I'm starting to build portfolios at a fast pace.

01:17 So guys, do me a favor, smash up the like. Hope you're all doing good. It's been a long 24 hours since I seen you last. Let's go. I try and help everyone in my space and this is what I get. I try and fight the devils, but I'm just like >> question 72 or 88,000 first. Pop in the chats. I want to see 72,000 88,000 first. Right. Let me know. Let me know.

01:48 Let me know. I want to see what you guys are seeing over here. Right? What are you guys feeling out there? How are you positioned in the market right now? Right? It's very important. So again, I'm here to share what I'm doing and my journey and where I'm basically uh uh going into the market when I'm not in the market. Right? And I sat on my hands for a couple of weeks.

02:05 Um many are saying 72 72 72 72. Okay. 72 72. We want lower, right? We got a 85 in the house. We got a 88 in the house. Come on. Bring them up. Let's go. Let's go. Let's go. 72. 72. 72. Okay, this is exactly what I'm seeing, right? 92. Nice. Nice little 92 in there. 75. Come on. Keep it going. Keep it going. Keep it going. 69,420. Okay, that's quite specific.

02:36 Okay, cool. Um 85 80 83 76 lower 60,000 64,000, right? 85,000. So the more we kind of look through all the comments there, we can see that we're probably sitting at around a 70% um lower, right? Which I think is very reason to be thinking, right? If we look at a couple of things and I'll go through them now, it makes sense, but at the same time, is that not one of the perfect times to possibly have a trap?

03:02 So the idea here is to be open-minded to both and be prepared for both scenarios, right? So for me, I'm seeing signs now and let's go through one of the first ones, right? So if we look at why people can start be thinking bearish now it makes sense right we're starting to lose the lows now right we're starting to lose these lows here we're sitting at the 618 we lose this area right we have 77 and then we have 200 day sitting at 7271000 right so it does make sense when it comes to that view and as well as if we go zoom

03:30 out a little bit and we go look at the weekly stock right and a couple of signs there yes very likely to say hey this might just be the start right we might actually be seeing a lot more downside over here when it comes. So, it makes sense to think where if we do not hold here, where are the next very obvious places of where Bitcoin can go? Right? You draw up the major trend, you put up the 200 day moving average, and it highlights very much the areas of 70 to 73,000 is where the next major supports are sitting, right?

03:59 So, that does make a lot of sense. Okay? Now, I'm going to play the other side and say, "Okay, cool. That makes sense. We we must think that in in our brains, but let's let's look at the the rest now, right? and look at the other side of things. So, the first one that I've seen a few times with Bitcoin, and I'm going to show you the first example over here, right, this was when Bitcoin made the first rally up.

04:19 Remember when Bitcoin rallied up from 64,000 all the way to $80,000, right? And we basically hit this nice little capitulation or this accumulation zone over here. And as you can see, we basically started to trail up like this, right? And then the important play was when we were here, not many people bearish, right? People are still kind of bullish, okay?

04:38 But then the first major low came into play, okay? And as you could see here, we then chopped around for a little while, okay? Just being nice and volatile, okay? And in this phase, people slowly start moving from bullish to bearish, okay? But may uh um continue in the the bullish format, right? Until what happens is we actually break the structure.

05:00 Now, I want to highlight here and just show you that there was one specific zone here where people kind of remain bullish, right? And what we saw was when we broke that level was when people started to turn bearish, right? And rightfully so. When you lose a big zone, a big squeeze to the downside can happen. Okay? But this was the time where a big trap came into play, right?

05:23 So you see here the moment that we start to drop low, many start to shift. Everyone that I've spoken to earlier and everything, this 71 72,000, we're bearish. We're bearish. We're bearish. We're bearish. Right? Again, makes sense. But at the same time, do not be surprised for the major traps. So when I'm looking at zones of traps and things like this, right?

05:42 I basically pay attention to to a couple of things. So the first one I want to show you guys is I want to zoom out and see if I'm seeing let's say short time frame. Let's start short time frame. Am I seeing any divergences? I'm not really seeing much on the the 4 hour. There's not much bullish, not much bearish divergence. Everything's kind of neutral, right?

06:00 Right? When it comes to RSI and it comes to to the uh the price action, when it comes to the daily, right, I'm seeing a slight bit of divergence because I'm basically seeing the daily move down, okay, and point in the down direction and I still have price at a higher low over there. Right? So, we basically have a slight thing where RSI is doing this and the price is still doing this.

06:20 Right? So, there's a bit of shortterm or daily divergence that's starting to form. Okay? But the big one that I want us to pay attention to is this one over here. Okay? Which is the weekly. Now, if I zoom to this chart over here, and I'll show you guys here on the weekly. Now, divergences have been a big key to reversals, right? Rever reversals come into play on divergences, and they come at fast paces.

06:40 And this is why I want us to be just at that point where we're not surprised if the trap comes into play. It catches many off of guard, right? But if we look at this now, there's a very clear new low happening on the weekly RSI, right? And you look at the chart and you're like, this is still way up there. Right? So you do have the market moving to the slight oversold and starting to move down on the weekly, but at the same time know that there is a possible weekly bullish divergence in play.

07:06 Now when it comes to divergences, we've spoken previously and we've seen a couple divergences play out this year, right? We've seen dailies play out and we had nice reactions. It's not often you see weeklies. Now weeklies is that high time frame divergence, right? This comes into play. It's basically saying that, hey, don't be surprised if there's a green candle that absorbs most of this that just comes out of nowhere, right?

07:31 That's where divergences can give you these little hints and these clues, which means I want to get back to the point of where my mission and strategy is right now. Okay? I've been waiting patiently for my alcoin buys. I've been waiting very patiently to say, "Hey, I'm waiting until coins get here, right? Until I'm starting to load up." Right below this trend is the 200 day moving average, right?

07:51 Which means that yes, short-term volatility is going to be quite difficult. And I wouldn't be surprised that every pump that happens now gets failed into and gets sold into and chop around. But I got to remember the buys that I am buying right now. I'm buying high timeframe buys, which means that what I'm actually looking for within this week is surviving zones that I start to buy up.

08:13 But secondly, right, getting ready for a weekly bounce. Right, the daily stocks are at the bottom, which means I am looking at a temporary bounce incoming in the market. Okay, and I'm still sticking to that formula where I think anywhere from here on the alt coins and I am going to give it some room in case Bitcoin does want to capitulate slightly to the downside to say that I'm looking for a bounce.

08:34 I'm looking for a higher low and then I'm looking for a push to the new highs. Right? So, when it comes to the alts, right, I got to realize that this is the zones where I want to personally accumulate them. But I also got to give it and say, "Hey, we need some space here in case this market does want to play a little move down or trickle down or have a little capitulation on Bitcoin, right?

08:52 It's something that I got to be ready for." Okay? And when it comes to things like the the dominance, and I'm actually going to show you guys tomorrow on tomorrow's stream, right? Is how FOMC tends to be a turner for dominance, right? If you go mark out all the previous FOMC's, right, you will see that it was probably a very good turning point for the dominance.

09:08 So which means that if there was a lot of move to the downside in the dominance when a FOMC came very likely you would see for a week or two after that the dominance will start moving up right and you'll see if we've been rallying up into a FOMC when FOMC came we ended up reversing okay so if we look at what we've been doing with the dominance now over the last couple of weeks or or the last couple of days to week or two it's actually been yes four five weeks right we've had a dominance rally to the upside money has

09:35 been moving back into Bitcoin right and again I want to highlight to you if I look at this now yes there is a slight bit of divergence which I'm not really going to pay attention to on the dominance right but I do want to highlight to you guys that we are at the top of the channel right and if we look at what the dominance has been doing majority for the last 12 months is it has been staying in this channel right so if we're looking at altcoins now approaching these zones knowing that that I got to give it some space

10:01 we do have the dominance reaching the top right we do have multi layers of bitcoin support right and I'm going highlight them here for a second. So, the first thing I want to show you guys here is let's go through the the the current supports we are in right now on Bitcoin. Okay, so we are on the 618 right now, right? There's the 618. There there's one support.

10:22 The next support is sitting down over here. I got three major supports on Bitcoin right now. I got one here, okay? And then I have one here. These are the three zones of support. Okay. So these are automatically you know when you're looking at when the market is going up right for so for example when it was previously pumping like this and let's say we were here right so we move here and we're here right automatically you zoom out and you say hey supports are very far from where we are now supports are down here

10:50 they're supporting down here right type of thing but when the market starts pulling back into them right you're looking for a layer and an area right of where you're going to see multiple layers of support okay and there is here there is here, right? And there is here. So, we are entering buying territory. We are entering the zone. Now, it's the question of are we going to the bottom box or are we going over here, right?

11:13 And basically for me, all of them come into play. The only things that I'm noticing on the short time frame is we are starting to break that structure that can bring a trap into play. And the more that I kind of highlight the the liquidity again, it's kind of looking at the similar thing here, right? We have liquidity sitting here at 79,500 which is slowly tapping into as as I'm doing the stream.

11:34 We then have another set that is sitting at 79,000. Okay. Then on top of that we are sitting with liquidity at 81,500 and we're sitting with liquidity at 82,600. Right? So I put that into a picture of going back over here and going to the chart that that I've set for you guys. Did I go and erase all my my hard work now? I did. Okay. Let's uh let's go back and uh uh do it again.

12:00 Okay. So, if we look at this over here, let me set through. Guys, by the way, before I continue, any likes, I'm giving away bid funded today. Get the likes up. Get it up. Get it up and tell me yes in the chat. Do you want a bid funded? Okay. But when it comes to what I'm talking about where this trap goes here and then goes up here does align when it comes to the the actual liquidity, right?

12:21 Right. So, if you look at the liquidity right now, you know, we're getting at the point where I'm pretty sure volume is just tapering down right now. But if we look at volume, and let me actually go here to to the this chart. Oh, there's my there's my chart set up, right? Volume ain't really in the market right now. You can see here that the mark that the volume is starting to descend to the downside.

12:42 Okay? And we kind of saw this previously, right? We saw when the market started moving to the upside, we saw volume descending down. Okay? Okay, so now you have price moving down, volume descending, the the price was struggling to break through here because we weren't getting the buy pressure, right? We must not be surprised, okay, if a nice big volume bar comes into play here.

13:00 And volume comes in two ways. It either comes from a capitulation, which means it's a quick move down that gets bought up, right? Or it comes from a squeeze that comes out of nowhere and catches any of God, right? That comes into play. So all that I'm saying here is price is going down. There is some weekly divergence. volume is going down with price.

13:17 Volume spike is incoming. Okay, liquidity is showing us that there's there's 79,000 on liquidity, right? And it's showing us that then there is 82 to 83,000. Okay. Now, why is this relevant to the high time frame too, right? because is if we on the alts here from here and again this this play comes in into play here where this moves up like this we're not going to really get much of these buyers again until the market attempts the new highs right so that's why for me getting something and building something here is

13:49 quite important because if this scenario plays out right I need to be in and loaded up I loaded up here and we had a nice move up but since then I haven't loaded up anymore at all so it's time for me now to build positions up and get things back into the market. Okay. And this is one scenario that I want us to pay attention to. So, a couple of plays that I want us to see now is I'm going to go through the the moves here of when will this trap scenario kind of invalidate for me, right?

14:14 But this is the first one. The first one is throughout the next few hours, we dip down. Okay? And we are looking for a strong bounce anywhere in the mid 78,000s, right? To the late uh to the mid79,000s. And what I'm looking for is actually a first squeeze and move up anywhere here up to the 80 81,000. Now, will it come today or is it going to happen tomorrow to FOMC?

14:34 We'll find out, right? The market is either going to pre-dump FOMC or it's going to pre-pump FOMC, right? And the more that I kind of look at the rest of the markets, okay, I look at things like gold. Okay, gold's coming down. Technically on this chart that I'm seeing here, for as long as gold holds that trend line, I'm actually bullish on gold, right?

14:52 to say, hey, world's very likely here to push up here, right? If I look at the the the the um futures right now and I zoom through on the futures, right? As you can see here that it's kind of sitting in no man's land, but the important thing is it is sitting remaining in support. Okay? And we do have this trend on top over here too, right? So that's where the futures are sitting here as well.

15:14 Anything here, we start to accelerate. Anything here, we could see a bounce up to the tops, right? So it's quite tricky to just say hey we are going to 72,000 right because I am still sitting with my bullish things in play here and saying hey that we could we could actually see a bounce here and catch many off of guard right so how am I personally positioning myself for this right what I'm doing is I am setting myself some buys as it's as we speak in the zone over here on altcoins okay and I am giving them space the

15:47 idea here for me is to give some decent space on my trades right But secondly, I'm only in around 30 to 32% of positions right now as it stands, right? The rest I'm looking to actually build up over here. But for me, it's a no-brainer right now that I am busy building up for buys right now. This is what I'm preparing myself for, right? And as you can see here, let's jump through.

16:11 Let's go through the positions. So, the first thing I want to highlight to you guys is the strategy of what I'm doing. So, I'm releasing some leverage positions into the market. I'm releasing some spot positions into the market. I'm about seven days away from releasing bots into the market. And then a big one that I'm releasing into the market is the funded accounts.

16:27 Right? So, I told you guys I've been loading up. So, I want to show you guys over here. I got my one funded account that's sitting. I'm only going to execute that when the trends break. Okay? But I have four $100,000 accounts, right? And $50,000 accounts over here. So, what I'm doing now is I'm fishing for these bottoms. I'm looking for the nice bounce.

16:45 And in that bounce, I want to pass my accounts, right? And these basically this was a total of probably $45,000 that was spent. Okay, maybe a little bit less actually. I think the packages are cheaper. Let's just see what the the packages are here right now. I think they got Yes, they got a trick or treat bundle right now. So for two steps, I got a couple of two steps here.

17:06 Uh the $100,000 account, where is the $100,000 account? Okay, $700. I got four of them, right? I got one one step, right? So I'm probably in around 4K. Okay. But at the same time, okay, if I look at this over here, I I'm looking to unlock $450,000 in funded capital, right? So, that is where my brain's at right now. Use this move now, look for that first pop, pass the accounts, have funded accounts, because for me, after this next move of once we move up and do that, that's when I want to be able to execute real funded

17:38 capital, right? So, I'm going to jump in to show you guys a couple of positions that I am building over there. I'm slowly building AVAC and Cardano longs, right? I am giving them room and space, guys. Right? So, I'm going to add I'm going to go through the charts now with you guys, but I'm giving them space. I am not buying these for a daily trade right now.

17:55 I'm buying them for the next major move. I'm buying here and I'm setting for lower buys lower down, right? Which means spot buying is probably also one of the greatest strategies right now. Um, but low leverages can also be really good. So, then I have are we even AVAX positions on this account over here? Okay, when it comes to my WEX account that I've been loading up, I have this SUI position, I have a render position, I have a AVAX position, and I have a Salana position on my first entries.

18:23 Now, I spoke about I'm going to deploy if we have that shakeout wick, I'm going to deploy a little bit more capital into the positions, okay, to balance them out. But for now, those are the same tokens that I'm building over here. This one I'm being patient with. I'm not worried about short-term volatility. I just got to survive the major stop areas.

18:39 Again, to go back here, guys, there is a link below in the description over here, okay? Which is your um bidfunded, okay? They do have trick-or-treat specials right now as it stands, right? So, you go in here, you can go to two steps, one steps, whatever it may be, okay? You click on it, okay? And you can see you get one 5K account, one 10K account, one instant $500 account for $89, right?

19:05 And you can see all the incredible specials right now that you can see over here. So there is if that's what you want to be uh a part of there is uh there for you guys. Okay, now let's jump into the the areas and the positions of where we at right now. So here's Salana. So sold for me, right, is coming into the zone. I just want to see if I got my right chart setups here.

19:24 Here we go. Okay, so I had one entry, another second small entry, right? And my other entry is sitting down at seven at $98, right? Right. So, if I look at Salana and I go back here, I look at the initial trend of where we where we at right now. Okay. And you can see the trend goes all the way down to the areas of the 9798. This is where I'm looking for a response.

19:44 I'm looking for here a response up to this area over here. And then we'll see if we're going to do that or if we're actually going to maybe pop through it and then do something like that over there. Right? But Salana entries, this is one that I'm building and I'm quite aggressive in the market right now. Another one that I'm going to be slowly getting into now is chain link positions.

20:01 Right? If we look at chain link and I'm going to highlight here the the positions of what I'm seeing on chain link right we have these key trends sitting down over here okay and positions that I want to build right is in this area here obviously $11 is $1.2 $2 on chaining right now guys if Bitcoin goes to 72,000 we are likely to go here right so something to keep in mind with not over leveraging or overpricing yet it's literally starting positions to get through okay but if there is that capitulation which it is a

20:32 possibility and at the same time the market can just rally up and you got to ask yourself the question will you be okay with buying again at 85 or let's say a break at the highs. If you're okay with that, wait. Right? If not, and you want to get something in now, you can. But you also have to understand you got to survive a possible another 10 15% wick, right?

20:51 All comes down to to how you can handle and go through these things. I'm perfectly fine with those. I'm accumulating in these zones, right? So, there's chain link over there, right? The Ethereum move for me, I think Ethereum's actually looking a little bit weaker for now, but I don't want to fall part of the trap either. Okay. But ETH looks like we're going to catch it in the mid to low 2,200s right as it stands.

21:13 Okay. But I also know that this one might have the trap scenario where it does that. Okay. And I must keep that in mind. Okay. So I might slowly build here in the early 2,300. Just buy a small starter position on ETH. Okay. And start preparing. Remember everything I'm preparing for here is the rallies up to the areas of let's say 31 32. I'm literally just looking for us to come back to neutral trends here and from there start to to have the next rally to the upside.

21:37 Right? Then a couple of ones render render starting to push a little bit faster down now. Okay. But it's coming into 618. So if we look here we have horizontals and we have 618. So the buys here we are sitting here basically between the 1.6 and the 1.7 are the accumulation zones. Right? So I bought a little bit at the top. Okay. And I'm going to look to buy a little bit more here in the mid $1.6 mark.

22:00 And then just wait. be patient because there's going to be a second signal of buys here, guys. The second signal is going to be the break of the trends, right? What I like about Render is it's closest to the trend. So, if we find support anywhere in the next two days and we start bouncing, this will be one of the first tokens that will break out. Okay?

22:16 But if you go look at a lot of the tokens here and you go look at let's say um Bitcoin as an example, right? You go look at ETH as an example, right? There is going to be a second signal and the second signal is going to be once we here and we pop up there's going to be a break of a trend. I'm looking to get starter entries on the way down and I'm looking to add the rest and get really aggressive once we start to break the major trends.

22:37 Right? I'm slowly in on AVAC positions. My AVAC positions are still sitting here between 8.6 and the 8.8.9 areas of where I'm accumulating AVAC. Right? Arweave is one that I'm slowly starting to build. Right? But if we look at the Rwave trend over here, the trend is basically telling me and the Fibonacci and the horizontals are telling me here anywhere between 3.2 and the 3.35.

22:58 That's where I'm starting to accumulate awes move down here to the 200 day moving average. So here between the 87 cents and the 90 cent mark is where I'm accumulating the sooie positions. So guys, for me personally, I'm in around 25 to 32% oppositions right now. Slowly starting to prepare myself into FOMC, right? Prepared for a possible trap scenario.

23:25 I am seeing the bullish divergences and it's starter positions. If the market does move at 10% down, you need liquidity to be buying and that's something that I'm going to be prepared for. Right? If the market rallies up from here, I need positions in the market so that I can add to them on confirmation. Right? But again, the way that it stands is from here, once we look at supports, I'm looking for here.

23:45 I'm looking for a bounce. I'm looking for a move and something like that come into play. Okay? And one thing again, don't be surprised if the trap scenario does come into play here too, guys. Anyone that has a Culia account, there's $50 signup bonuses for anyone that opens up a Culture account per in a simple way and prediction markers for any US users, right?

24:03 Link below in the description. Then the last thing to finish off because today's a big day, right? Uh we are starting a challenge right so click on here it's a free challenge join we are live trading today right this is how you join this is how you be a part of it the in the next three hours is the first live okay and from there we're going to do a lot of live trading now who wants a bfunded account it's either going to go up or down Bobby I'm saying it's going to go up on a trap but I'm also saying be prepared if it

24:32 has another little shakeddown but did you not hear what I just head. I said, I'm starting my positions now. There might be another 10% and I have money to buy that, but if it doesn't and it rips to the upside because there's weekly bullish divergence, there's a trap, there's a horizontal shakeout, there's a pin bar candle, there's a there's a reverse pin bar on the weekly, be prepared, right?

24:52 So, that's what I'm saying, Bobby. Yes, Miguel, you get a bit funed account. Grateful you get a bit funed account. I'll see you guys all tomorrow. Your comments make me laugh. Bye.