BITCOIN: It's About To Confirm The Next Move! [Don't Wait] Transcript, AI Summary & Key Points

00:01 The bias has very much been that we're looking at higher prices, especially within the traditional markets. And although it doesn't feel like it, if you actually have a look at the chart over here, you can quite literally see the highest ever close for the NASDAQ, right? Which of course is going to apply pressure into the other risk assets like the crypto market, which although pulling back in the short term, we can see over here it's the same rinse and repeat every single day.

00:25 The Asian market sells off. London tries to hold it sideways. And leading into the US session, we tend to see prices pushing up even higher. So, um, Nvidia also all-time high close over there at 240.1 on the day and consistently these trades are paying out massive dividends, right? So, uh, pretty much all the positions are up. We'll make some adjustments to these positions uh, today and see if there's any new trade opportunities.

00:53 This is of course the trades that we've been taking over here on Tubbit. The only two that are down slightly is going to be Apple and Amazon over there. So, we'll address that and what to do at those positions. Uh the McDonald's trade is the only short trade that we have on the table. That one's also paying out massive dividends. 106% up on that position.

01:11 So, all in all, looking good, right? So, let's get into it. Smash the like button. Come and vote on the poll over here. What comes first for Bitcoin? because I have no doubt we'll see both of them. Um $94,000 or $74,000 vote over there. Let me know your thoughts. Um I will make mention just in case I forget. There is also a TDS sequential ninetop coming into play on Bitcoin.

01:33 So sure, we might pause or slightly pull back. And I do think that if we do have another pump in it, um it's the last pump right before putting in a pullback. So you do probably want to manage your risk accordingly um around all of that. But vote what you think comes first, right? Have we put in the local top? Are we going to start to go down? Are we going to come in for that low 70 target or are we rising one more time?

01:54 Right now, the thing that would make me inclined to believe there is one more pump still is this, right? It's the S&P 500. The strength that you're seeing in that and this has been the expectation that we would see this continue to uh push towards the upside. That's exactly what's happening. So, um uh up and to the right is what it's been. And officially, this is the trade we planned out for quite a long period of time, right?

02:18 We're scaling into this trade multiple times down here. We were even trading this long previously all the way back in April and um ultimately getting in the more recent trades over here at about 700 rallying towards the upside with mainly the exposure on QQQ3. Now the beauty of this trade on QQQ3 which is 3x leverage on what we're seeing on the normal QQQ.

02:40 This has not yet traded into alltime highs and it becomes the easiest trade ever in my opinion. Right? The fact that this is breaking out into alltime highs on QQQ means that we should see followthrough on QQQ3. So long and strong is the name of the game. I'm going to continue to hold these positions. Um I probably have a little bit more exposure through these than I do in the crypto market right now.

03:01 But um we are going to be looking to at least allocate more in the crypto market when we do get the first major major meaningful pullback which um ultimately will come. So the next trade, let's just quickly have a look. focusing on these because these are the major trades I have on the table. Max right also same story we spoke about this for a long time you had a lot of time to position into the trade that means the magnificent sevens uh which is going to be Amazon, Google, Apple, Nvidia, Meta, Microsoft and Tesla are

03:29 all moving towards the upside and that's why you see Nvidia putting in those all-time highs. So up it is and to the right exposure through MAGX which is 2x leverage on the MAGS ETF and I'm still expecting much more upside. Now, the question you have to ask is if this is high probability and you do play this out 15% to potentially 32%. Does that mean that you'll get that one more move up um in Bitcoin?

03:54 Right. And we'll get to Bitcoin in a moment. And I think that from a probabilistic standpoint, you have to say that uh therefore it's probably more likely to grind up alongside this as opposed to doing its own thing and suddenly dumping out of nowhere. So, as difficult as it may feel to hold those long trades, it probably makes more sense to continue to keep those on the table.

04:17 So, some of the trades right in the zone, that's not too late, still pretty early. We looked at this over here, that's Amazon. You can see the trade setup written in the right hand margin, TP on the right, entry over here, stop loss coming down at 221. Um, these are some trade opportunities that you can definitely consider. Google's another one also hasn't yet quite taken off.

04:37 And I guess in terms of validation, invalidation zones, uh you have them right, you have them right over here. Of course, hardend validation, it just depends on um how much space you want to give yourself, right? So hardend validation would be there at about 310 because that would be deviating an entire key level and creating multiple swing lows. So lower lows and lower highs, right?

04:58 Ultimately putting in the lower highs. You don't yet have lower lows. That's why it's compressing into the symmetrical triangle. And if you want a tighter stop-loss, um, you know, you're going to have to operate somewhere around here, uh, where the previous one occurred, um, midepptember, right? So, midepptember, I always prefer the more conservative.

05:14 So, your trade setup looks something like this, right? And you can start to target some fibbe extensions. So, let's quickly actually throw that on and do everybody the favor of um, you know, just giving it to you on a silver platter like I always do. Uh, there it is. So looking at this mover 100% move is going to take you to about five 452 and if you do 161.8% extension which I think is very probable um you're looking at about 536 that's a 54% move.

05:43 Do not expect this to play out overnight. This is not crypto it's the trady markets. This could take a very very very long time. Right? You have to look at the timing perspective over here. So if we focus on that and we actually have a look at the timing how long did this move take? right? 304 days. So, I would expect this to play out much quicker than that, but that could be a six-month trade, right?

06:04 So, something to consider if you're looking for a larger swing trade, that could be somewhere around a six-month period to play that trade out. And again, we have a lot of these trades on the table. You can see Apple, we are we long over here. Is there any reason to close Apple on two bit? And again, I encourage you um if you don't have a two bit account, use the link in the description below because we're going to be taking a whole lot of trades there.

06:27 And there is an incentive. So, I'm going to show you what that is in a moment. And again, answering that question on Apple, well, just yesterday I showed you this would be the trade setup if you're late to Apple and you wanted to get in on that position. So, therefore, no, there's no need to close this Apple trade. I think that everything looks fine there and good to continue.

06:44 We still have the Fcoin trade. Maybe we should just quickly go to that to just address it straight away while we're working through these trades. Um, is there uh, you know, should we continue to hold this or should we close this position over here? So, here it is. Uh you see in we up on that position because we took it early. This is for the late comers.

07:03 We're still 94% up, right? So massively up on that trade, but for those that came in late, you know, this would be the setup more or less that you're looking at. I think I'm going to give it a chance because we're up almost double in that position. I think this thing can rerate a lot higher. So I'm not going to close the Fcoin trade, right? So we'll leave that one alone.

07:21 Let's go on to the next one that we have as an individual trade, and that's McDonald's. So, uh, one of the shorts that we have on the table, I think this is, uh, due for a bounce. So, I think McDonald's is probably going to start to get get a little bit of a relief out of this zone over here. The original entry should be totally safe leaving it in that environment.

07:41 I want to leave the same setup that we had. So, you know, it might be worth covering part of this position over here. So, let's just quickly click limit. So what I would do is I would close or cover 50% of this trade. Right? So there it is. We've covered about 50% of that trade. That trade can when the market opens later, that should completely fill.

08:01 Cover half the position over there. Leave the other half. If it bounces over here, we have the optionality of just closing the rest more or less at the same place as entry where whereby we've taken 50% profit. Or we can use the optionality of taking that other 50% and readding it on any sort of a rejection and a lower high over here. So remember we found this inverse relationship between McDonald's and the 10 and 30 yield.

08:24 The higher the 10 and 30 yield goes, the lower McDonald's goes, right? Very interesting correlation. So it's one thing to consider. Um therefore, yes, this won't go up in a straight line. There will be pullbacks, but I think the 10 and 30 um they probably still have higher to go over there. Okay, moving on. Let's have a look at some of these other positions over here.

08:46 Um, look, we out of the range from the original trades that we took on Salana and BTC. These trades were entered on, let's quickly go to the right hand side. So, we entered Bitcoin at $62,200. We entered Salana at $72. These trades, we may as well stop, take the equity out. We finished with those. So, we stopped that one. We stopped this one over here.

09:07 Um, and then we can move on to the rest. We'll take that capital and we'll reallocate it into uh something else. Right? Okay. So, we'll rework this this portfolio and start to look for some new opportunities over there. We haven't had any draw down whatsoever. Uh we were fortunate enough to enter these positions and basically immediately just experienced straight away profits, right?

09:27 Um so, of course, individual trades had draw down, but the total portfolio didn't draw down uh whatsoever, which is wonderful. All right. Um just quickly going on to that incentive. If you go to Tubbit over here, uh the incentive is not only this, but if you do deposit $300,000, you'll get $30,000 bonus, right? Huge. So, if you're looking to build a sizable proper portfolio, uh I think the grid trading gives you a good way to enter into these positions, consider using that link below for that bonus.

09:53 And then anyone else, if if you're not putting 300K, you still get your 10% deposit, right? So, you need to use that particular link. Um, again, example, you put in, for example, $20,000, you'll get $2,000. You put in 30k or $300,000, you'll get $30,000. But here's the incentive. Underneath that, you'll see there's an iPhone Duo. This is the latest iPhone for those of you that haven't seen.

10:17 Um, it looks like this. So, there we go. Uh, we'll just zoom in over there. And when you when you sign up to Two Bit, you'll be able to come through to the bottom over here. And then you can use this drop-own menu and connect or log in with your two bitid account. That's going to give you access to this wheel which you can spin and you have a high probability of winning something.

10:37 You can see the guys below have been winning. Two hours ago someone won $25 bonus. Um and the bonuses vary, right? So it goes anywhere from uh you know $100, $10, $50, $1,000 or you can win the iPhone duo. Um everything is listed for you over there. Go through Spin It. Many people are calling this the ultimate trading machine in terms of uh a tool that you can utilize because you can split the screen and of course you can have a chart on one side, Twitter on the other side, your exchange on one side, a chart on another

11:08 on the other side and you can actually trade off of this device. Okay, let's move on. Quick one. I'm just going to read through this off the top of my head. So, Amazon, I'm not going to close. Apple, I'm not going to close. QQQ, we're massively in profit there. We leave that trade. We got Intel also up beautifully. 33% up. Uh no need to close that. That trade looks fine.

11:25 Bloom Energy also looks fine. We have exposure to the energy market. And maybe I'll just quickly showcase that position. Everything is good and still holding up over there. All right. So, there it is. Everything is still holding up on Bloom Energy. I'm thinking this can go to at least 400. So, we leave that trade over there. Uh, we got MU. That's also fine.

11:48 No need to close that. Uh, Robin Hood, right? Robin Hood, we're only slightly up. Maybe you want to enter a more sizable position or manual trade over here. This is uh as you can see um well we have to go into this chart over here. Robin Hood has thrown back into some of the key areas. So here's Robin Hood right still in an uptrend. You can see very clearly still the high highs and high lows.

12:11 Where's all of our chart history? There it is. Okay. Popping up on the screen. A little bit delayed but holding on into this. This is a super key zone. So theoretically, I still think that the uh trade setup is valid. The exact same trade setup over here. Of course, uh the stops were floated down here, but we've moved them into break even. If you're looking to enter into a fresh new trade, you know, I have the stops down there somewhere around like 95.

12:36 So for an individual trade, that's an option. Palunteer, we still have Palanteer on the table as well. We'll quickly go to that. Um where is do we have it a little bit higher up? Let me just see if I can find uh Palant here otherwise we will Yeah, it's just above that. All right. So, Palenteer, we got Palenteer. We got Robin Hood. Same story, right?

12:57 Coming into horizontal resistance. It's broken the downtrend. It's putting in simply high highs and high lows. And if we can start to flip this level at 188, we're looking at an extension all the way up to about 270. So, these are not very large trades for me. So I think that um the first thing that we can do is uh possibly look to to um adjust this trade and add in uh some additional equity.

13:23 Right? So uh it hasn't fully scaled. I think that's a problem. Look, it's about a 10 grand trade, but the problem is it hasn't fully scaled. What we can do is maybe hardest you because these ones are still valid. You can just quickly message uh Johnny for us and you can just put those below in terms of the grids that are available. Right? So this will allow you to copy the tra the same trade settings.

13:46 Maybe just ask him for the Palanteer and the Robin Hood. Those trades are still in the perfect spot where whereby these guys can start to look to enter into that. So yeah, those are some of the positions. Let's quickly go through the rest of these over here. We also had the caterpillar trade. It's taking its time, but it's still moving in the direction that we want, right?

14:04 So it takes time to round out over here. This was such a low um risk to or at least the risk was very very very low on this particular position and at this point I think you can move your stops to break even and I'm going to continue to hold that. AMD trading near those highs looks very good. SanDisk as well looks very good. I did notice that there's a bit of a problem when it comes to um some of these South Korean markets which is SKH.

14:31 Right. You'll notice if you had to join a trend which I know this is a bit delayed. It might pop in over here. Um, it's starting to breach that, right? It's starting to breach that. Let's see. Do we not have a drawn in? There we go. It's starting to breach that. We don't want to see that. If you start to gain acceptance below this, this could definitely start to fall through over here.

14:48 Of course, you're going to find support at about 1460. But we do need to keep our eyes on SKH and Samsung because it forms such a massive part of the Cosby. And what we've seen is the AI trade starts to unwind when these things come down and it has bled through into um of course the trady markets within the US. So one to watch, one to watch over there.

15:09 But otherwise for now I think all the positions are good. No need to change anything over here. It's just about positioning with maybe a bit more size for those that haven't got any exposure. And then let's finish up on the trad um oil also still holding up. Not too bad, right? DXY pushing everything looks fine over there. We said trade the chart that's in front of you.

15:30 Usually this is this going up with the yields is a bad sign. Um eventually maybe in the short term you know you can buck that trend and see everything going up. But in the medium to longer term something's got to give. Is it going to be the stock market uh or is it going to be uh the yields and the the DXY which is going to start to repric. All right.

15:50 Bitcoin and crypto. We've seen quite a heavy skew over here. What's interesting about this is if the pattern persists where Asia sell off, London try and hold price sideways and New York push prices towards the upside. This is one of the first days that we've seen with that pattern in mind that the skew has been negative. Most of the days with that skew, it was still positive, right?

16:11 With that particular pattern with the the Asia selling off, London holding and New York pushing up, we saw somewhat positive. So what it means is that if the bulls do actually come through later, you could actually see quite a big squeeze towards the upside, the short squeeze, right? Um and that could get that final leg up into about 92 to $94,000 at which point I believe that will be the last of the highs I think that you you have to be profit taking into that environment.

16:38 So 24-hour liquidations, 175 million. Most of those are longs actually. Um but it's relatively low compared to what we traditionally see. And we've got the daily exchange volume still rolling over, turning down. Very, very, very important that this thing can dep defend that 28 to 30 billion. All right. And the USDT dominance attempting to recapture and reclaim the mid-range level over here.

17:01 So, still a significant sticky point. And we still focused on this as a significant zone to round out and create that higher low before that push up uh into the zone which is going to be a massive overhead supply. I personally I don't think that you can make it through this on the first attempt without putting in a big pullback. So for example, if you do get a short squeeze and price pushes, you know, I'd be looking for something like that and then a failure into a much larger correction than this.

17:30 this massive larger correction is going to be the ultimate um major entry for a larger swing trade into what could be now of course the bull run that's that's knocking on the on the doors over here. So we also looked at this yesterday. We said that have a look at the RSI. The RSI respects these trend lines and patterns and you're coming exactly into that.

17:50 If you watch the video yesterday, we're looking at it exactly as it was over here rejecting and we said that price needs to hold above a certain level to push through. Otherwise, you're going to pull back temporarily and then attempt to reset. So, uh the next test into that will be the fourth test, actually the fifth. So, you've hit it once, twice, three times, four times, you'll be going in for the fifth time, which increases the probability of that breakthrough.

18:13 I think it's very easy in terms of the um bearish case validating, the bullish case invalidating, and it's really just this candle that occurred over here on uh let's move this up. What date was that? This was on Monday the 28th of September. Basically, that low, you just you don't want to breach that low. That low is coming in at $82,510. If you start to break below that, you're losing these EMAs, the 9 and 18 EMA, which has been holding and grinding price towards the upside, um I do think there's still potentially

18:44 one one more leg up in there. And then you need to watch for the rejection in that 90 to $92,000 zone. Um and then ultimately uh we'll look for the larger correction which is going to present the major buy the dip opportunity. So when and if we get that move up over here I'll be looking to profit take on the rest of the positions that we've taken. Um you know things like Fcoin that's up.

19:05 Uh we had some of you may have still been positioned in that. That's Popcat was another one of the trades. Um you know a couple of them are down probably allocate a little bit more into that. And then we have Pump which is up massively. Uh we have Astera which is up slightly. Uh we have okay Ponza is down. Cash cat just in case you guys that are not in whail room um because I posted about this yesterday.

19:29 I have closed the cash cat position by the way. I closed the cash cat position. I told them I'm derisking to take some off of the table to manage some of the other trades. Fed is also up massively almost equally in size to what we up on pump and I might be looking to um rotate some of that capital into something else. Right. So those are some of the uh major positions over there and of course for now the market's pulling back.

19:53 We'll see if New York can do the trick. The uh per DEXes are still doing relatively well. I mean trading right here on hype, very close to alltime highs. And then that brings into question, you know, what are the best performers and what does a good tier list look like in terms of ranking the top ranked coins into the lower rank coins. I think technical analysis should be one of your major sources of truth in terms of confirming those fundamental biases.

20:20 But I thought this was a really good post over here and you can go and look at it from um Alo. I can definitely retweet this. Right. Let's quickly make a repost um over here for him. Let's do that. Let's just quickly you can go on to my ex account over here. Uh nice list. All right. Go over there. You'll find it over there on my X account. Um but looking at S tier BTC hype, right?

20:42 B2C and hype. BTC is BTC. We know what it is. Most of the money will tend to flow into that. It's got all the institutional backing and then hyperlquid of course has that network effect still doing very very very well and the price supported with Hyperlid still trading at all-time highs, right? Um this is you know could potentially be like what Salana was like in price cycles.

21:01 Looking at the A tier list also price-wise doing very very well. Not all of them but most of them. Um Zcash of course privacy still doing well. uh um uh any major dips that occur over there sure you could get large bounces. ETH not so good, but long-term it's been in like a seven-year range, right? So you closer to the range low than you are to the range high, which means you're in the value zone.

21:24 You have the premium zone at the top of the range, discount zone at the bottom of the range. You're still in the discount zone. If ETH can break out of that 7-year range, you're talking about 10 to 12,000 ETH quite easily. Salana, Salana has a lot of network effect as well. Hype is obviously got much more upside potential probably still, but Salana very very decent.

21:46 And then Salana and Pump kind of go hand in hand. Pump capturing all the DJs and retards on chain, which is a lot of them that that want to be trading um meme coins and ultimately that's why we long on pump, right? So that's that's held up with massive relative strength. Of course, I just want to highlight over here that um TD sequential for example, which you you should see it printing over here on hype, right?

22:08 Uh oh, excuse me, on pump. You can see over here, you got that printing over here, right? 789. This is usually looking 789. You went in for the correction, right? So, these 789s can produce large corrections. So, I'm going to be personally monitoring what happens around the New York open and whether I should just be banking those profits. I'm up over 50% on that particular trade and that is sizable.

22:31 If you took the same trade as me, you should also be up 50%. Right? And the same thing on Fed. I think it's about the same amount, 50%. But good news that it's on the A tier list. You want to be focusing on these. And then we got Link kind of underperforming in terms of the price chart. You know, this has had so much sell pressure over here. I'm not convinced that link is going to take off like a steam train.

22:53 But let's I haven't looked at this for a while. Let's let's take a quick look. Uh, do we not even have a drawn out chart? That's pretty unbelievable. Uh, what happened? Right, let's quickly pull up link to see what this chart looks like over here. Let's go look at the weekly. So, sure, it's had a bit of momentum. It's done somewhat decent. I don't love it.

23:13 I don't love the chart. I think this thing has a lot of work to do. I'd prefer to be focusing on the other ones. And then VVV is one of the newest uh kids on the block, right? So, VVV with Eric Fuhees. um if I pronounce that correctly. Obviously putting in consistent higher highs and higher lows and any major pullback that occurs over here and and these pullbacks can be largest by the way.

23:37 So let's just quickly measure the fib from the low to the high that previous weekly candle does look pretty toppy over there. If you put in a sizable pullback, you could easily pull back down to about um 18 even potentially low, right? Sometimes the more the higher the extension, you could even be targeting closer towards that. um here 786 and 886 FIB that would be a more extreme case but it would still have those high highs and high lows.

24:02 So if you want to go read up about the reasons for these trades, what you'll find is a lot of them even if you look in the B tier are revenue generating protocols and we spoke about that yesterday. The things that are generating revenue have a buyback mechanism and they're burning tokens at the same time to effectively try and push the price up which works wonderfully well only when the daily exchange volume is going up and new players are entering the market.

24:24 If they're not, if they're not entering into the market, then for lack of any other word, excuse the crude terminology, but it's like pissing in the wind, right? It's going to come back come back at you. It's not going to it's not going to work. It's not something that you want to do. So, you want, of course, the tide to be in the right direction over there.

24:43 Anyways, moving on. Let's have a look at the liquidation heat map over here. We got almost $16 million worth of liquidity on the daily chart above and almost nothing below. Let's see the weekly. Let's quickly have a look at the weekly. Let me know in the comments if you have any commentary over here. I have the the other screen on the side over here to look at at if you guys have requests.

25:02 All right. Um All right. Moving on over here. 100 million on the downside starting to build, right? The weekly is definitely starting to build. The dailies have more above. That's at 82,800. You can see this range starting to develop and almost the same, right? So weeklies are very very very equally um split over here. So we got to keep an eye on things, right?

25:24 We got to keep an eye on things. You know, that weekly candle doesn't look great. How Zcash looking also starting to pull back over there. But broadly speaking, this has been super super powerful. So hopefully we we we caught pump at the right time and we see pumping doing something somewhat similar over here. Um all right. So I think the message watch for the New York session later today.

25:45 in New York market starts to turn bullish and you see continuation on those charts which which again when we look at the S&P 500 the NASDAQ um the MAGS ETF all of those look like they want to rerate higher okay I know there's a lot of requests guys I don't think I'm going to make it through all of them today because I am at the token 2049 conference in Singapore so I have a lot of meetings a lot of things to go to fortunate that the showtime coincides with daytime over here otherwise It's not possible to even do videos.

26:17 It's 3:00 here. Um, final mention, 50% off still on Bitfunded, just to let you guys know, what that means is if you buy a prop firm challenge of up to $100,000 and you've actually passed that challenge with all the criteria written below. So, here you go. You got to get 8% profit without losing 10% of the account, then you can be trading with $100,000, right?

26:40 So, all of that is linked below for those of you that still want that promo. I think today is the last day and it's linked um in the description over there. Appreciate all of you. If you are in Singapore and you see me, yeah, come say hello. Um let me know in the comments if any of you are here. And then yeah, I'll keep an eye out on the comments. I'll see you guys around. If you spot me, just come over and say hello. And I'll see everyone on the next one. Have a good one and cheers for now. >> [music]