Bitcoin: Close Your Eyes & Buy? [My Plan Of Action] Transcript, AI Summary & Key Points

00:01 There's still quite a lot of fear in the market, and the question is this a buy the dip opportunity? Should you be blindly buying the dip? Close your eyes, wake up in 90 days, and see if you're up or not, right? Vote in the poll. We are running a poll right now where you can vote, smash a like button. It seems like the majority of you believe that over the next 90 days, prices will be higher, which means if you just blindly buy this dip over here, even if we were to go lower.

00:24 So your expectation is three months from now, prices will be trading up higher. That's the majority of you. But if you don't agree with that, click no over there, and then also smash the like button, and let's get straight into it. We'll look at the actual date and when is the best time in terms of Fear and Greed Index to actually buy the dip, to time major lows, local lows, and then ultimately hope that you end profit at a later date.

00:49 Now, of course, this is technical analysis, so you can be lining that up with a whole bunch of other key factors. And since we saw a little bit of a bounce happen in the TradFi market space, well, it's taken crypto up with it, which you can see over here on the dailies, there's some double-digit gains. But remember, when in doubt, zoom out, right? So if you want to really see what the true picture looks like, that is ultimately on SOXL, a 22% bounce, which when you look at the proportionality to the downtrend over

01:13 here, it's very, very minuscule. And this is where you need to be super, super careful, or you could get rekt, right? I tweeted about that yesterday. Practice, practice risk management. I'll actually quickly find that tweet over here. So let's quickly throw that into view and go onto my X account. And if you scroll through my X account, right, this was a tweet that I think Al Capo made, right?

01:39 This is when the weak hands sell. This is when the strong hands buy. And I said, and if you don't have risk management, this is where you'll have empty hands, right? You'll be putting your hands out like that, begging for money at a later date. So if you are playing these mean reversion plays, the dead cat bounces, just have good risk management. It's still a very dangerous environment over here.

02:00 And it is a stacked economic calendar, right? A couple of important things that are going to be coming out first and foremost later on today. This is just after the U.S. markets open at 5:30 my time in the UAE. The CPI, right? CPI data coming out. Ultimately, what is the expectation around that? Well, if we go back onto the tweet over here, CPI released tomorrow.

02:21 But as Benjamin Cowen says over here, you won't have a yearly change, right? So it might be a bit of a nothing burger, whatever the CPI is, because last year this time was government shutdown. So they didn't actually release any information around the CPI, which means there's no yearly figure to compare with, right, as he says, unfortunately. So let's give it a bit of time.

02:40 But in terms of the probabilities of an interest rate hike, it's still being priced in relatively high, 84.2% chance that they will be raising the interest rates. And that's going to be on the 9th of December. Now, it's not the only economic thing that's coming out. You can see the calendar is going to be stacked throughout November, which goes back to another tweet that I made, which is where I said, if Bitcoin can theoretically survive the tech sell-off, and it can survive the geopolitical tensions, the midterms, as

03:07 well as all of the economic calendar things coming out in the form of, you know, FOMC meetings and interest rate decisions, and it can survive that come the end of November by holding above $70,000. Then theoretically, that is bullish, and there is a chance for macro higher low continuation higher. So far, bulls are doing a good job, right? You have to give it to them.

03:30 They're doing a good job. We spoke about it yesterday that bears have taken back slight control, meaning the probability shifted from last week 50-50 where they're holding on a knife's edge to now give it about 60% in favor of the bears, 40% in favor of the bulls. And each weekly close will start to paint the clearer and clearer picture, putting the puzzle pieces together to determine where price is going next, right?

03:53 So if they can survive into the end of November above 70K, there is still a chance. Now, you can go and place your wages and your bets, right? If you want to go and play around with the probabilities and look at what the masses are actually betting their money on, you can go check out Kalshi Markets. But more importantly, if you want to trade any of these high-tech stocks over here, the AI sector that's been moving pretty rapidly, and you are, for example, US or Europe-based, which have a lot of KYC problems, well,

04:20 they are vetted and allowed, right? They have licenses to operate in those regions. And if you use the link below, they're giving you a sign-up deposit, trade $50, get straightaway $25. And then every week, only those of you who use that link will be in a draw, which is, right, you're not competing against the whole world. Thank you so much for. Moving on into what's happening with the DXY.

04:47 It has pulled back alongside oil. We spoke about oil coming down as well into that mid-range level, and that's where you want to pay attention. Testing the 200 EMA mid-range level confluent, both of them are in the same zone. So oil is going to be one to watch over the course of this week. And theoretically, although the DXY is pulling over here, I wouldn't be treating this as necessarily distribution just yet.

05:07 I'd give this more benefit of the doubt to move higher than the chances of it moving low. And the simple reason is that while you've broken above a super key level, you've already had a super clean back test in the form of those two daily candle wicks. And I'd just be treating this as noise within a broader uptrend, which still applies that pressure, right?

05:26 This is ultimately the little bit of a pullback equals the dead cat bounce in the risk on assets, which have been decimated. And of course, if this does catch support over here and starts to move back up, usually that's where those dead cat bounces in the risk assets will start to fail. And maybe leg down one more time. So you've got to be super cautious.

05:44 One approach, right? I'm not really an advocate for dollar cost averaging necessarily all time forever, but there's certain times and places where it makes a lot of sense. And in terms of the risk assets, this might be one of those places where you can at least capture the bottoming process before putting in a more seismic relief rally, which could be huge, right?

06:05 Those relief rallies, as I just showed you on SOXL over here, this is, again, a 22% move. That little green candle, tiny green candle is a 22% move. So you can imagine what these types of gains could look like if you're assuming your dollar cost averaging in, and let's say you get a gradual entry over here, you're talking about bounces in the 200% region, right?

06:26 So be aware of that. And speaking of which, let's go on to the chips, right? SOXL, so we're looking at the leveraged ETF. If you look at the SOX 2 or 4 price to earnings ratio, what you're seeing is this is the cheapest that they've been in 15 years given that sell-off. It's retraced a full Bitcoin bear market from the past, right, from all-time high to low in quick succession, much quicker than what Bitcoin does it, right?

06:52 Because you can look over here, this has played out since June 2026 into this year. It's not even six months. Let's round it up and call it in six months. This has dropped pretty much 88% from the highs, right? This is what Bitcoin used to drop back in the day over the course of one or two years, right? So we've seen a pullback from the measured move of the low anchoring the Fibonacci tool from the exact low to the high.

07:18 That's the entire bull market. That is the run-up phase. Ultimately, falls down, complacency bounce, runs it down into the low, testing between the 0.786 and 886 FIB. And consequently, now the expectation would be sure you can put in some seismic bounces. But the reality is, if you are playing these things, the reality is that usually when you see a sell-off like this, you know this was your chance for buy the dip V-shaped recoveries over here.

07:44 And then that, of course, failed. It failed, right? So if the semiconductors were going to go parabolic V-shape out of here, it should have happened, in my opinion, from this environment, which has not happened, which means that the high probability play is that any bounces over here are likely to fail. And this is going to range for quite a long period of time, at least in my opinion, right?

08:05 That's what I'll be looking at over there. So nevertheless, big moves, right? Big bounces, 22% gains. If you look at the memory ETF, also put in a bit of a bounce, but is that low safe? I'm not entirely convinced of that. And I think that at minimum, you're going to need to see this recapturing and reclaiming a lot of key levels. So let's go first area of interest.

08:26 is going to be there. Let's talk about a recovery if you can start to get above 48, right? So this is going to be on the Roundhill MEM ETF. Let's have a look at MU. Decent bounce, this was our bounce zone that we're looking at over here. So this is the approximate bounce zone, but we are going to be, you know, very, very 885 level. AMD, we can have a look at that one.

08:50 Very, very big bounce up as well, starting to pull back. A lot of work to be done to recover all of these levels over here. And ultimately, I think same thing, these are probably going to range for a while. Intel also bouncing out of our little triangle, the bounce zone over here. You know, this can fill the gap, which could be huge, right? If it does fill the gap, you're talking about like a 43% move, but ultimately, you need to get back above all of these levels before this starts to get healthy.

09:15 So I think that a lot of people that are heavily underwater are going to be covering positions and trying to rebalance portfolios, avoid margin calls, liquidation notices, et cetera, off of this bounce by getting out of those positions. So watch the 200 EMAs as well, right? You can see the 200 EMAs below on SanDisk, the recovery zone. You need this to get back above 1414, 1414.

09:38 Until it gets above there, it's not really safe and bounces should be treated as sell zones likely to go lower. I'm not advocating it necessarily short, but if you're caught up in massive positions, it's maybe a good zone on the bounces to unwind and let's see if it can get back above that 200 EMA, right? So a lot of work to be done. The South Korean stock market over here made up of Samsung and SK Hynix also looks very similar to the rest of them.

10:02 Small bounces over there, but nothing to write home about. Marvell still sitting in no man's land. Ultimately, this is probably going to pull back all the way down sub 100. Probably bounces first. Seismic bounces are on the table. But after that, you're probably drawing down to around 100. We've got CoreWeave as well. Also decimated, sitting near these lows.

10:23 Big bounces should be expected. You know, this thing can bounce. What you can do is you can just measure with your fibs and you can probably bounce into the 50% level in the golden pocket. So from a measured move perspective, well, that could take you 36 to about 50% size moves. You're going to catch resistance with the 200 EMA, which is downtrending, and that's probably where you likely reject, right?

10:46 So therefore, you can play the bounce, right? Just be super, super careful not to get caught up and stuck in positions long term. And then we can, of course, go into the U.S. indices and see what those are doing. So if we look at the, let's just move that back, maybe we'll lock this in play there. Okay, there we go. So let's have a look over here at the Dow Jones.

11:07 Nice move up on the Dow Jones, but also a lot of work to be done in order to recover. We spoke about the possibility of a higher low to formula. Now the Dow Jones, because it's part of the industrial sector, it's not being as heavily hit as the tech sector, is showing more promise than the other markets like the NASDAQ or the NAS 100, right? So this will probably be the one to recover first and the level to reclaim is the same level where the bull trap occurred.

11:33 You basically want to see it above this yellow line at 53,000, right? 53,000 is the level to recover. And then you can start to say things are stabilizing. So big bounce off of the 200 EMA over here on the S&P 500, you know, level to level. Well, that was the level to recover. Now you can just say the breakdown zone 7753. I'd want to see price getting back above there.

11:54 And then same thing over here, QQQ, big bounce up. We said the level to overcome is 702. So everything in this vicinity is theoretically lower high territory that has a high risk of failing. And if it does fail, if you put in a lower high, you'll start to see the masses subscribe to the downtrend taking place over here. But there will be huge support.

12:14 So ultimately, looking at something like this, if this fails, you're expecting probably another leg down. That next leg down might be the over, quote unquote, oversold territory, right? The oversold territory where you can get a much higher probability mean reversion trade because there is a huge cluster of support on the left-hand side where price was previously consolidating.

12:37 Now, coming back into that zone, it just becomes super high probability of bouncing out of there. So what about the metals? How have the metals done? We should also have a look at those. Wait, first, before metals, let's look at oil. So here's oil, right? This is what we're talking about. We spoke about taking the short trade over here to cover against long exposure if you're a long oil, given that you're coming into a range high and you had a massive pent-up area of liquidity in the form of a very, very clear trend

13:01 line, right? When you see a trend line like that, you know that there's a lot of stop triggers that are going to be taken out. And the target that we were looking at was the mid-range if you were short, right? If you took that short trade, it was mid-range. Now what you're going to be looking for, look for oil to get back into a bullish posturing, it's going to be over here, right?

13:21 This is basically the level to recover. Call it 104. 104, but in the very short term, this is the bounce zone, right? I'll be looking out for the possibility of a little bit of support to be found. If it pauses over here, you know that support's building and it may be running up for this high. If it runs up for this high, any pullbacks after that probably look like a macro higher low within a much bigger uptrend and oil could still be running higher.

13:47 This is going to give us the direction of what's happening in terms of the Middle East and geopolitically, right? Whatever happens with oil over here is probably going to give us the next step in terms of what's happening in the Middle East. So metals, let's have a quick look at metals. I'm not trading metals on the low timeframe, but I can tell you that the traders in Whale Room, they've been absolutely smashing it, but Gold putting in an update, Silver also another update over here, but same story, this is still a

14:13 broader downtrend over here. So Gold, excuse me, I think I said oil, Gold and Silver, right? 786, that's a decent zone for reaccumulation between these two levels. Silver may leg down one more time. These are still big ranges, right? Just to give you an idea, that's an 18% range, right? So the trends are very much towards the downside, but we could get mean reversions back towards what is the mean, the 200 EMA, but that would be where your lower high territory does occur, right?

14:43 So be aware of that. Now, the low timeframe trades are taken like this in Whale Room. This is what a typical setup looks like on the low timeframe charts, like a 30-minute timeframe chart. Gold spot trade over here from Crystal Columbus, one of our traders, one of our coaches over there, looking at a move from the lows to the highs of the range and ultimately banking those profits.

15:04 Not only that, but Farouk is also trading the metals over here. So this is XAU as a Gold trade. $1,374 profit followed by $1,839 profit followed by $1,055. This is all in a single day's work, right? So I'm just highlighting this because for those of you that are getting crushed in the markets when it comes to the crypto space, just know that there is a home and a place where we do trade everything, right?

15:31 These are all of our various different groups listed on the left-hand side over here. If you want to join, I do want to remind you that these spaces are filling up, right? So 24 of 503 spaces, we can only make space for 503 more people for the next year, right? This is for the next year. We keep it very exclusive, very tight-knit. 479 spots are still available for those of you that want it.

15:58 You're getting a guaranteed $10,000 Bitfunded account, which means that you can trade with other people's money. Plus, you may get up to $150,000. That's part of a lucky packet price. So it's kind of like guaranteed. They basically spin a wheel, right? When you join, you're getting either $10,000 or up to $150,000. But your minimum is you're getting $10,000 with signing up to Whale Room for the Black Friday, right?

16:23 So if you want to trade with the whales for the Black Friday special, that gives you one year's access at $1,119. And these are the spots available, 479 that are left. So use that link below if you want to join. Once you join, you also get access to all of these trading rooms over here on InsertTrade, right? So that is there for your guys' benefit. Now let's move into buying the fear, right?

16:46 Buying the fear and the timing of the cycles. This is something that we haven't addressed for quite some time, and I don't want to spend too much time on it. All I want you to do is focus on these bars on the bottom, right? These time bars over here on the bottom. So what we have over here is a reaccumulation zone effectively. This is looking at the total cryptocurrency market cap.

17:03 We'll do the same thing for total two, which removes Bitcoin from the mix. And then we'll look at total three, which removes the Bitcoin and Ethereum from the mix and only looks at the altcoin sector. And this kind of gives you a bit of an indication and idea of how long these reaccumulation phases could actually last before the market starts to go vertical once again.

17:22 So a lot of people obviously thought we're going vertical right now. And, you know, sometimes things can change in markets and it's always a possibility. We just need to basically study the trends. But historically, this is what we found, right? 16 bars, 14 bars, and this is looking at a monthly scale, which is 468 days, right? So price bobs and weaves around within a ranging market, boring, sideways, slow for 486 days.

17:47 That's over one year before the market actually meaningfully takes off. You can see over here the same thing happened in the next market, in the next bear market, 426 days. You put in your major low, you bob and weave around. Sometimes you go lower, sometimes you don't go lower and sweep that first low. But ultimately, before the market takes off with your first meaningful higher low, it is around one year later.

18:11 So, if you're over one year later, and remember, one year is 365 days. We got marked off every year, 486, 426. And if we go on the lower end and we say, well, what if it's around that lower end region? Well, the market will only then take off somewhere around the beginning of Q2 next year or the end of Q1, between March and April is what I have the timing sector marked off as, right?

18:34 Which means that if you do get deep into the fear zone, it could be a worthwhile opportunity to at least deploy some capital to dollar cost average should this hold true, right? So therefore, it could mean that you put in new lows or it could mean that you just put in a higher low and you range a little bit longer before the market actually gets really excited and takes off like a rocket.

18:57 And you'll see the same thing in total two, right? So it's very uncharacteristic for the market to just V-shape. Now, sure, there could be a left translated cycle. What is a left translated cycle? A left translated cycle is first, obviously, the opposite of a right translated cycle, which is a longer drawn out cycle. It starts off slow and steady, and it gradually gains more and more momentum.

19:17 And then over time, it starts to go more parabolic and puts in its major top. A left translated cycle would mean basically 90 degrees almost towards the upside, just full, absolute melting your face moves in very, very quick succession. Left translated refers to the timeline. Right translated means it takes longer, right? Left translated is just big moves much quicker, shorter timeline.

19:44 So if we look at total two, what are we seeing over here? Well, it's very much the same thing. You can clearly see the long-term range that developed before you go vertical. You can see the long-term range before you go vertical. And again, we have it marked off over here in exactly the same way. 486 days. We measured from the first impactful markdown over there to stop the intense selling pressure to then build sideways momentum.

20:09 And then we marked once you broke out of the top side of that range to accelerate. Same story over here. First big meaningful candles. Once those candles slow down, seller exhaustion kicks in, reaccumulation starts. You can see over here, you went down one more time lower, that was on the FTX lows, but the reaccumulation had started once you broke out of the top of the range.

20:29 We count that as the end of the timing, right? So 486 days, 487 days. And yeah, well, if, for example, we took off now, this would be very, very small in terms of a timeline relative to the price cycles. Again, history doesn't always repeat, but it often rhymes. So something to consider over there. Now, we can move into other things. Another thing that we're seeing over here is the MVRVZ score and the price bands over here have officially come into the same levels that they did in the prior cycles, right?

21:01 So from Quinton, he says, "Bitcoin just entered a zone that previously appeared during major corrections in 2020 to 2023." It's an indicator flashing the same signal, and previous times it lasted for 37 to 59 days, which brings into question the dollar cost averaging time period, which we spoke about in terms of our trade plan, right? And now I wrote it neatly for you guys so you can screenshot that if you want.

21:26 The plan says over here, there's four ways that you can enter into the market right now or gain your exposure. One is you can limit order at key levels, i.e. you're trying to catch a falling knife. The second option is you can grid order the full trading range where your higher lows should be forming or your accumulation zone should be forming. Third option is dollar cost average based on timing.

21:47 And I said approximately the next 90 days, right? So you're basically dollar cost averaging through the noise. Or the fourth way is you can limit order on the breakout with a confirmation, which would mean you're paying a higher premium, but you're avoiding drawdown. So it depends on your risk profile, right? That depends on your risk profile. So if we go back over here, right, and we go back to that tweet, well, the tweet has it that it lasts about 37 to 59 days within that reaccumulation phase.

22:14 Now, if we see that lineup with a big drop-off into single digits on the Fear and Greed Index, that becomes a very, very important zone where you're looking for reactions and it's worthwhile bidding. And at that point, you can probably go for option number one, limit order. Take the limit order, right? Catch the falling knife into that zone. So how far are we into this at the moment?

22:37 Well, we're only three days in, right? three days in. So if we go on to the Whale Trades site, remember part of what we're looking for over here is a higher low that can form and some sort of meaningful uptrend that can develop on the daily exchange volume, which we haven't seen. And that should be also met with a rise up in the ETF inflows, right? So over time, we want the ETF inflows to start to pick up more and more to bring new money into the market, which we haven't seen.

23:03 Now, if you're going to try and catch the falling knife strategy, which we're going to talk more about in a moment when I touch on the Fear and Greed, you're looking for single digits on the Fear and Greed. You're looking for mass liquidations, which we've seen a couple of times over the last couple of months, which tends to mark major lows, right? When you see those or major turning points, it depends on which way you're going, up or down, but it tends to mark major turning points.

23:28 So if we see the daily exchange volume playing ball, new volumes coming into the market, big record ETF outflows with single digits on the Fear and Greed Index, that can be one telltale sign. Now, structurally, what we're looking for in the chart, and I took the liberty of taking this chart of the year that was posted by Titan on Twitter, we had the bearish fair value gap, which we came into.

23:50 This was the 2022 to 2023 cycle, rejected off that. But the more important thing I'm focusing on is the first large abnormal candle. That's your bullish fair value gap, right? It's an inefficiency candle. Market makers tend to fill those inefficiencies before price can go higher. And you can see comparing to what we have right now, we're in that zone.

24:09 Now, this is why it's such a critical, critical area. If you can start to see price falling a little bit lower towards the low 70K region, and you drop into single digit Fear and Greed whilst getting big ETF outflows and the volumes are still playing ball and the seven-day daily exchange volume actually holds up without the CVDs tanking. The cumulative volume delta by the whales.

24:30 More on that on my X account or on yesterday's video if you want to know more about what's going on with those whales, right? We need to see those underlying facts line up. But the pullback into here, if we get a reaction out of the zone, is critical. If we don't get a reaction out of the zone, it becomes disastrous, right? So we're in the zone, it's getting sketchy, right?

24:52 It's getting sketchy. Preferably, I would have wanted to see that dip and rip last week, on this candle last week, the red one. Now, it can happen this week, but it's getting sketchy, guys. The longer this takes and the slower price grinds into you, the higher the probability is that it just begins to fall through all these levels. So you want energy in the market.

25:12 The energy occurs by price coming in quick and reacting very quickly towards the upside. Now, if it doesn't do that, remember what we spoke about, the complexity is that you're taking out the previous month's low, which is October's low. You're also taking out September's low, and that starts to make it look like a rejection from the 0.382 on the monthly scale, also known as a bear flag.

25:32 And you could be in for that downward move. All right. So basically, it's the last line of defense. It's the final bid zone. And if we get a sharp move down and we break the stop and reversal indicator, let's say, for example, this week, maybe this becomes a catalyst, right? Maybe it's going to be the CPI. Maybe it's going to be the PPI. Maybe it's going to be an escalation in geopolitics.

25:54 I don't know what could cause it or if it will even happen. But if it does happen and we see a sharp move down, flushing things into maybe sub 70, but it very quickly starts to get brought up and that simultaneously puts you into extreme fear, that's where you can basically close your eyes and buy, right? At that point, it's all about how price approaches the level and how quickly it reacts out of that level.

26:17 If it's grinding in slowly and this week closes red, probabilities go even more into favor of the bears taking control of this whole thing being a massive fake out. So if we have a look over here over the last year of data, where any time that we hit single digits over here on the Fear and Greed Index, we did get bounces, right? So if you look at it right now, well, we're still sitting quite high up, 29.

26:40 I know it might not feel like that for some people, but we're still sitting, you know, pushing around 30. Now, this is not typically where we get those major turning points, which is why I think that a little bit more patience should still be employed. If we look at it and we overlay the price on a chart over here and we look at the times that we have hit single digits, that's it, right?

26:59 Those little orange dots. These are the times that we've hit single digits, right? This has been very, very close to every major low, right? Every major low. If it's not the cycle low, it was just a bounce zone before putting in a lower high. But, you know, you should be able to avoid that based on what happens in the timing cycles, right? So single digits, all important zones.

27:22 If we go back into the single digits over here and you get the sharp move down on the wick fill, boom. So drop into the low 70s, quickly bounce back up. Then it starts to look very similar to this candle over here, right? This is the candle highlight. Look at my little cursor over there. Drop into the fair value gap, nice and deep, sharp reaction. Right now we're dropping in the fair value gap, but we're not getting a sharp reaction.

27:43 This is never a good sign. There is still hope that's alive, but it's falling away, right? This is like a super important week. Last week was very, very important on Knife's Edge. This week is very important. If bears want to solidify the victory and destroy bulls, they should close this candle completely red. Sometimes when you, I mean, you know, in movies, right?

28:06 I don't want to make it sound like I've experienced this, but in movies, if someone's holding someone's head underwater, of course, when they're about to go, that's when they usually fight back the hardest and they pop back up. Maybe bulls can do the same thing, right? So this week is going to be absolutely critical over here. So if we look over here at price, we are captured right around that 200 EMA.

28:26 You can see the 200 EMA cluster. And we're looking for that sharp move out of the other bounce. If we look at the RSI as well, you can see the RSI still downtrending pretty aggressively. And that was where we got that fake out, that rejection off of the 50 zone. So I'm looking for the RSI to at least flip back up and break the sharp downtrend, preferably get above the 50 level over there, hold, defend that.

28:49 And that will be a sign of a deviation and a bit of recovery potentially coming into play. So we've come temporarily into extreme fear. It would be nice to see one more, right? One more like that, dropping it possibly into single digits. Don't want to be too greedy on the entry, but waiting for single digits over there. So this is why I've given a couple of different options in terms of how to scale into the position, which we've covered very, very clearly over here.

29:14 Let's just go back over here. So if we have a look over here on our momentum oscillator, our momentum oscillator on the market cipher B, we are starting to get another green dot, right? It's wanting to cross back up. So you could be right around the corner of that potential bounce territory. So I would say, you know, theoretically, if you're looking for a long trade over here, it may be a worthwhile long.

29:37 It may actually be a worthwhile long to just basically take the long trade over here, manage the risk, and you can basically trade this back to the highs of there. And you're trying to keep the risk super, super well-defined relative to these lows over here. So you're going to be executing this probably on the hourly or 15-minute time frame, somewhere around there.

29:54 And you want to track these lows, right? So if this price action can start to move up and come into this candle, right, this would be a bearish retest into this zone, the breakdown area. At least at that point, you can eliminate your risk to move your stops to breakeven, all right? And if this does happen, my expectation would be it will probably happen over the course of today or tomorrow.

30:14 And then what we've seen over the last couple of weeks is Monday, Tuesday, Wednesday, you kind of start to get a little bit of optimism in the bulls. Things are pushing up and then come Thursday, Friday, everything legs down once again. But at that point, you've got your stops to breakeven and you effectively you have a free trade on the table. Right.

30:30 So this is one of the trades that I'm going to be looking at. And then we can target liquidity. Right. Where's the liquidity greater? On the 24-hour period, we got $21 million above price and $19 million below price. What about the weekly? All right, if we have a look at the weekly over here, we definitely got more on the weekly on the top side. So the liquidity chart, which we use very, very well to predict this downside move, as we're suggesting that in a low-volume environment, because we saw our contracting volume

30:55 based on the total liquidations was like under $100 million at that point leading into the weekend, we said that the market makers are probably going to take the liquidity on the downside and send price into that zone and that they did. So now we're looking at this over here for maybe that little bit of a spike. And then if things start to develop and momentum begins to build and it starts to look like a swing failure pattern, which is why we have the yellow in, right?

31:21 We spoke about a sweep of this low. the range traders will be all over that, right? The second that this recovers, which is basically about to do it, they're going to be looking at this as a deviation and a sweep of the low, and all their stop losses go over here. And they start to long this for the top side. All right, so level to level, the closest, most high probable trade for right now on Bitcoin specifically, in my opinion, would be the upside move.

31:48 Actually, don't confuse what I'm saying now on the low timeframes with the high timeframes. That stuff remains unchanged. You're kind of betting on the bulls while their head is underwater and they're about to take their last breath that they have some fight left in them and that they're going to try and get this thing back up, right? All right. So, of course, you can use low timeframes to build a bit more confidence, and we can also look at some of the altcoins.

32:11 If you want a more detailed analysis, by the way, guys, remember we are dropping that in Whale Room. So if you go into Whale Room, you'll notice that I do drop the guys' voice notes and things like that as well. I've been keeping everyone up to date with exactly what the plans are and what to do, right? So take advantage of that while you still can.

32:28 Alrighty. And then let's move into a couple of other trades. So ETH also lining up. Very similar, right? Bitcoin has got the green dot on the momentum oscillator. Money wave turning back up. And we want to see the same thing, a sharp turn over here. That could open up that trade for ETH. Now remember the complexities with ETH. ETH BTC looks like it wants to break down, which would be a risk-off signal.

32:49 And then ETH on the three-day timeframe also has a massive rejection. But trading is about looking for opportunities in both directions whilst managing the risk and eliminating the risk as soon as you move into profit. And then you can always have two trades on the table and the winner will pay you, right? That's basically the aim. So if we can get on ETH, if we can get a trade over here and this can start to bounce into the green, all we do is we go and we say, okay, remove the risk.

33:17 Okay, and then maybe we get another short trade off the top here and we remove the risk and wherever the big expansive move takes place, it doesn't matter, we cover it on both sides and you get paid, right? All right, so drop in the comments over there what stuff you specifically want to have a look at, and we'll get into those requests, right? So another one that we're looking at, where's that?

33:38 On Hype. Here's Hyperliquid, right? So Hyperliquid, look, I would love to see a deeper move into the daily fair value gap. I think that would look really good. You are creating a new swing low. The only way that this changes and gets a bit more bullish, I would say, is if you get above like that, 79.89. So you want to recover this candle that looks like a reclaim, right, of the trading range.

33:59 So we're trading this. This was once upon a time the range high. Now we're kind of viewing this as an important range low. So if Hyperliquid can spike up, I'd much prefer to see the test of the fair value gap just for completion of that inefficiency being refilled. But if this does spike up like this, you know, basically you can start to look for long trades on the next retest, right?

34:21 The next retest, that's for Hyperliquid. So you'd want to see Hyperliquid moving to like 81, have some closes there, throw back down over here to like 75, and then stops go below here. But we'll see. We'll see what happens, right? Depends on the broader markets. What about Ondo? We can have a look at Ondo. Ondo, I know that one of our traders in Whale Room, Josh, he's one of our coaches there.

34:43 He absolutely nailed the Ondo trade. Actually, this is the same as my original entry that we had over here, right? That's crazy. All right, so Ondo looking to break back into the trading range. You know, you can maybe be a bit more generous with this trend line over here. But one of the final lines in the sand, I think this was the trade actually from Josh.

35:02 There it is. Ondo, Pico, Pico bottom. Look at that wick. Absolute Pico bottom entry. And the receipts are there, 303% up. So again, jump into Whale Room, guys. You'll get a lot of alpha over there. So that's Ondo. So I would say in terms of Ondo, my thought process, you know, it's going to be heavy, right? Bouncers, they have a lot of work to do. Bouncers, the bulls have a lot of work to do.

35:26 This is the most likely rejective zone, a big move up over here to 46, and ultimately that's probably where it rejects. But if you can start to see bulls consolidating above here, which is going to take time to round this thing out, then this trade might be back on the table and go higher. All right. So for now, take the little bounce, minimum risk, right?

35:46 Minimum risk. Of course, Josh is probably immediately going to move the stops to breakeven and it's a free trade. You shouldn't be coming back below that wick. If it does, Ondo is going to distribute, you know, potentially all the way back to the lows at like 23. Alrighty. Okay, guys, what else? What else have we got over here? Let me quickly scroll through the massive list of requests that we have.

36:09 All right. GTA coin update. What's the ticker for the GTA coin? I'm sure that must be pumping. Please drop the exact ticker for the GTA coin. GTA 6, right, is coming out. Finally, I looked up the price. I'm not a gamer, but I was just curious because of all the hype. And I was like, it's like 80 or 90 dollars. I mean, the amount that this thing's been hyped, I thought that game was going to be like four grand.

36:31 So I think that's very, very cheap. All right. Very, very cheap over there for that game. Alrighty. Next, next. What else do we have? While we wait for the ticker for the GTA game, because I actually want to chart that. Again, guys, these are the Bitfunded challenges, right? So this is ultimately for anyone that's new here. This is what you guarantee to get a $10,000 challenge, meaning you get a free shot at passing the challenge.

37:01 And if you pass the challenge, you are effectively trading with real money, right? You're trading with 10 grand and you could get up to $100,000. A few people will get $100,000. So the link for that is below. If you want to join, you've got to take advantage, get the offer. There we go. Get the offer for Bitfunded. Click that first, then click this one and fill in your details and they'll contact you with your funded challenge once you sign up.

37:27 Coinbase. Yeah, we've got to look at Coinbase as well. I don't see anyone. No one's brought up the GTA game. So for now, we'll go to Coinbase. All right. We should look at some of those stocks. Coinbase, MicroStrategy, et cetera. So let's go to Coinbase first. Coinbase, all right, not looking good, right? We said over here, this is problematic. Coinbase hitting those lows, likely going to break.

37:51 And I think Coinbase should see a test of this. This is the thing in terms of blindly buying and expecting, is this going to be a bottom for the market right here, right now? For Bitcoin, sure, it could be. But if Coinbase, which seems like the liquidity draw is definitely going to be over here, it's going to be magnetic, a 16% downside move. That would probably get Bitcoin at least into that low 70s, around $72,000.

38:15 MicroStrategy, you can see over here as well, starting to test some critical levels. We can line up a couple of key fib zones and let's just see where those key fibs are. Right at the 50% level, next area of support is $115, which is going to be that golden pocket. Okay, if you start to lose that golden pocket, of course, you've got this low coming into play.

38:34 Again, if you sweep all of this, there's probably going to be a trend line that also starts to line up over here. But if you, so this is going to be a bit of confidence. I'm sure a lot of people are going to be watching this though, because it's just so obvious as a level, right? That is between about 108 and current price. So if you are trying to play the equivalent of Bitcoin dropping into the, you know, we said, we said anywhere between like 76 and $72,000.

39:00 If you're wanting to take that same kind of trade on MicroStrategy, it looks like this. This is the bound zone. Starting to lose these levels brings into question whether you're going to come into this low zone, which was our long-term target before any of this happened. That was our long, long, long-term target on that short trade that I had open, which was, I think it still might be on screen.

39:23 This was the short trade. There it is. We went short. In Whale Room, we went short, 307, all the way down to the lows. We covered 25% of the position and left the rest for glory. Glory would be over here, we said, in this pink box. Okay. So right now, you're still below the 200 EMA. Still struggling. All right. NVIDIA. Yeah, we've got to look at the MAG7s as well.

39:45 Got to look at the MAG7s. All right. Remember, in terms of these MAG7s and the volatility that's over here, it's very rare that you get so much volatility, which is a good opportunity for traders. If you are a trader, which I'm assuming you are because you're watching this video, remember the Bybit World Series of Trading Competition is on right now.

40:08 Where is that? The Bybit World Series of Trading Competition. Go to the link below. $10 million in rewards, right? Massive. One of the biggest trading competitions ever. If you're new to Bybit, you get a guaranteed $50 sign-up bonus. Use the link below. Over there, you can sign up below and join into the competition. Once you're in the competition, if you are part of Whale Room, right, and you're in the Discord, you'll notice there is a room over here.

40:33 Join into this room. It's called the Bybit World Series of Trading Team Building Trading Competition. And this is where we'll be dropping the live trades, right? So one of the trades I might go for, I might take that Bitcoin trade. I might also take the ETH trade and try and eliminate the risk as quick as possible. And you can see all the other rooms that are here as well.

40:50 So if you want to use that by signing up to Bybit, you also enter into the Spin the Wheel draw, right, which is over here. So just go to the wheel and put in Bybit, connect your account. Okay, I won 10 bucks. I think I've won $30 now in the times that we've spun this. So $30, $10 is accredited to my account and it's powered by Blofin, Bybit, and Toobit.

41:13 Okay. Also, yes, another thing to mention on this intro trade terminal, there'll be another group. Look out for that group when that opens up. Ran will be deploying $10 million live. Okay. Ask me to pass that message on to you. If you want to see where he's deploying $10 million live, it will be in one of these rooms. How do you get into the room, you ask?

41:33 You get into the room by joining into Whale Room. Once you're in Whale Room, you connect your Discord. Your Discord gives you access to those live trading rooms. All right. NPC will skyrocket. You must be joking. Non-player characters, the ticker. That's brilliant. Okay, let's go to NPC. I'll probably have to pull up like Dex Tools or something. Let me quickly get it.

41:58 One second, guys. Let's quickly get this. I haven't opened this for so long, I've got to skip everything. NPC. The question is which one? There's so many NPCs. The question is which one? Maybe it's going to be easier to find it over here because I'm really curious. I do want to see what that chart looks like. And Nike. Yes, Nike, we bought the bottom.

42:22 We're up on that trade. All right. We bought the Pico bottom. Not necessarily proud of that because you shouldn't be trying to pick bottoms, but yeah, we got it. We got the trade. Is this the chart? Look, apologies if this is not the right chart. If it isn't, somebody in the team can let me know later on WhatsApp, and I'll make sure to pull the correct one up tomorrow.

42:44 But, you know, for now, it obviously looks like it's coming down lower. It's probably going to full retrace if it is this chart. It's probably going to full retrace. All right, let's go to Nike. Nike, let's go to the bottom, and then we'll go through some of those Mag 7s. So, Nike looking really good. Okay, we bought the Pico bottom on Nike. Expectation is still the same.

43:07 Nothing has changed over here. In fact, you can start to eliminate some of the risk. I think that the obvious place to have your stop-loss place right now is underneath the yellow box, sitting around the 36 zone. You could have it tied to stop. It just comes with a bit more risk that you might get stopped out, and that would be over there. All right, so I think that the safest spot is probably just floated around there.

43:27 But if you want to, if you're in like a high leverage position or something, I'll be leaving it under this low. And my thought process is the following. I think this will just keep grinding. And I think this is where you'll find massive resistance and we have to take profit. Remember, we literally entered here. We literally entered over here, and the reason for that was 82% down.

43:48 Part of it was sentiment and what was going on all over the internet. I think it was getting too much mind share on the negative side. And that was kind of one of the signals, and then a huge falling wedge. Alright. TTWO is the stock ticker. Okay, that must be for, what are they called again? Rockstar Games, TTWO is that. Take-Two software. Alright, let's have a look over here, what their stock looks like.

44:16 So we have looked at this before. Yeah, overnight trading is back up. Let's quickly see on the weekly. So I have charted this, must be for people in Whale Room. Yeah, I think it looks good. I think that, you know, if you long over here, it makes total sense of your stop exactly where that yellow line is, 182. Right, 182. You can basically just go long over here and you can target the top side of the trading range.

44:40 I think this is liquidity, right, for the taking because touch one, two, three, bam, that's telling me, you know, as a range trade alone, this thing's probably going to smash up into 264. And then you're going to probably have a range breakout off of that as on a couple of fibs that will most likely line up. So your measured move on this, you know, you know, you're looking at something like that.

44:59 Therefore, this becomes the long trade, right? This becomes, unfortunately, it's already bounced a bit. So let's not cherry pick over here because we don't do that. But we can try to find a tighter entry based on this pullback. This would be the pullback. I'm not saying enter everything over here on the overnight trading. Just keep an eye on it, right?

45:18 Let's move this up a little bit just so you can see where all those levels are. So the overnight trading is basically opening over here where the entry is 216. So I would have to utilize like a low time frame to plan that entry. Maybe it's that bounce off the 200 and you keep things nice and tight. So put this on your watch list, right? TTWO. TTWO, right?

45:42 I think that it's like about a week away before this GTA 6 releases and based on the hype, I would just imagine, I even thought, I don't even own a PlayStation, I thought of buying one to play this game because it's been marketed for so long and so well and if that's my thinking, maybe that's what the masses are doing and they'll hit record sales. And then the overnight trading is on the next day after the sales is going to be like somewhere up here, right?

46:06 So it could be a worthwhile trade if you think of it. If they smash the sales, that means earnings are up and then the stock does very well. Alrighty. Amazing. Okay, okay. Let me go through the list. Okay, quickly. Before we wrap up over here, let's just run through super quick just those MAG7s and see what's going on over there. Okay, starting with Amazon.

46:33 Very volatile, right? All these things are super volatile. I do believe Amazon will probably trade into new all-time highs, right? I don't think that the ultimate top is in on Amazon. Apple, very, very strong. We still have the Apple long trade on the table. I think this is going to shoot up to new all-time highs. Microsoft, being a difficult one in no-man's land.

46:51 And look, if you're long on this, your protective stop, of course, under that low. And then if this is going to trend, yeah, you should get a sharp move up. So therefore, the undervalued things that have obviously sold off pretty hard is going to be things like Google, right? Is Google finished? Is it over for Google? Probably not. In terms of being overall as a company, I would love to see a sweep like that.

47:13 That would be so beautiful. We saw a sweep like that. That becomes a strong entry. And then ultimately, if those go into new all-time highs, this can too. But what's going to be really telling is the next technical bounce in the broader market. Right. NVIDIA, heavily, heavily smashed. Have you swept this? Not yet. So very similar. It would be nice to sweep this.

47:33 Like Google, it would be nice to sweep this. So maybe you get people drawn in, optimistic, maybe even run it up to here. But ultimately, I think that would be a super clean entry, similar to Google, right? So Google, even if you bounce, boom, these two structurally look super similar. Meta, I'll just leave it alone, in No Man's Land and Tesla also compressing similar to Meta, also a difficult one to trade, kind of in No Man's Land.

47:58 It starts to get back into a position of strength at 4.14 with closes at those levels, right? Closes above 4.14. All right, Bloom Energy. Yeah, I saw Bloom Energy's put in a sizable bounce, but relative to its drawdown, it doesn't really account for much, right? So it looks nice on a PnL screen with almost 12%. But yeah, significant level. This is super significant.

48:21 This has been all a very, very important S/R flip, right? So this is an important S/R flip. We can tighten this slightly more. There we go. We've got resistance, resistance, holds it, runs up, supports, supports. So if any pullbacks over here, ultimately no closes under there, 152. If you start to close under that, it's in trouble. Jensen's wife's going to dump, right?

48:44 Yeah, maybe. Well, I heard, I don't know if it's a rumor, but they say that they didn't have a prenup. So if they didn't have a prenup, she can get back at him and the whole world. She gets hold of that, her half the stocks and just absolutely nails that. But look, you know, come on guys, let's be real. Most of the time people don't, they don't own that stuff in their personal name.

49:05 All right. And if he does, he's an absolute idiot, which I don't think he is. All right, guys, final, final call. Black Friday special. We've started early. When the number runs out, Whale Room's full forever. That's it. The end of the story. So 479 spots still available. Remember, you get a $10,000 guaranteed Bitfunded account with it and up to $100,000. So use that link below and I'll see all of you guys on the next one, which is going to be tomorrow. Cheers for now.