Bitcoin Must Break Back Above 82K Or We're Going LOWER! Transcript, AI Summary & Key Points

00:00 Happy Friday squad. Hope you guys are good. Okay guys, some warning signs on Bitcoin at the moment. Um I've been speaking around a failed attempt of a new high is another rejection and we are still uh open to the 70,000s in Bitcoin. Right. So again we attempted and we're just not seeing the buying pressure that we want to see. Right? We want to explode through this area over here and we keep rejecting and now again we have now started to lose some trends.

00:28 So, not only am I bringing this to you now that we're losing trends that I think we can start to accelerate, but guys, we still are sitting in that situation, right, of going another, you know, 20% down within the market. Now, I do think dominance is a little bit in the alcoin's favor and I want to speak around in the stream, okay? But I want to speak around the downside again.

00:46 Yes, yet again, we are in that middle range now where we we we either close to this higher low entry or slightly lower down. Guys, after the next week, two weeks, three weeks, at any point now, the market is going to reset and get ready to go to the upside. But we have to get through this major area. I got important liquidity to show you in the show and I got a lot to speak around on the altcoin.

01:07 So guys, do me a favor. Smash up the like. It's been a couple of days. I've warned us all that it's going to be a little bit boring over a couple of weeks, right? Because we got to find the low, right? And when we find the low, right, it takes a bit of time. But nonetheless, flipping full four full bull right is something that I've been staying away for right now.

01:27 Being ready for this downside as I do see it as opportunities. I do see it as accumulating zones. So guys, lot to speak around wasting time. Let's go. >> And this is what I get. I try and fight. >> Okay guys, how are we doing? Okay, so I want to start off here and say guys, the best opportunity 60% off all Bitfunded challenges right now. If you're not passing or trading funded accounts in this choppy market to get yourself ready for the market exploding and actually having funds, right, I think it's I think it's crazy.

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02:26 Any single one of them. The ones that I bought is the $100,000 accounts, right? So, to show you here, I got the onestep $100,000 accounts. Okay? Which is this one over here. Usually, it's $1,200. It's $499 a day, right? All right. So, I'm bringing this to your attention as I think again I get straight at the $100,000 if I if I pass this this account and we've done it many times on the stream before, right?

02:52 Um, but I'm only putting in $500, right? That's the whole idea with the accounts here. Don't put a lot of your capital in, but have size and focus on the skill. So, guys, that's there for you guys. Any single one of them, they got the one steps, two steps. So, here, $700 right now for the $150,000 account. Insane. Okay, so that's there for you guys.

03:11 Okay, let's jump into the action and where we at right now. So, couple of things I need to highlight to you guys which I think is quite important, right? Is if you look at where we are right now, we basically have a few things, right? The first thing that I do want to highlight to you is no bearish divergence on the weekly, right? So, do I think there's new lows incoming?

03:30 No. Right? But at the second point over here, we do obviously have uh the market overbought on the weekly. Okay. Now, something to keep in mind, the way these kind of dumps happen, I think this is a midtime frame dump, which means it does take a couple of weeks to happen or play out, but then after that, I do see a couple of months of pump, right? So, if we enjoyed this rally up over here of us going from June all the way up until October and having this this growth, you know, up to 50% of Bitcoin and a lot of altcoins

04:00 rallying up, right? We're getting ready for that again, but we got to get through this major phase. Now one thing I do want to highlight to you guys which we must pay attention to okay is there are very much two simple high time frame supports right now right the one again is sitting here over at this area over here of the early 70,000s. Okay. The thing though with the early 70,000s is it actually has to happen pretty soon in the next 3 weeks or two weeks, right?

04:27 Because the more we kind of move sidewards, the more the trend continues up, which means that the likeliness of us going to those areas um are not not very high, right? The more we kind of trend, but for as long as we have this, we do actually have an opportunity of the market possibly dropping into the zone and then getting ready to reset and go, right?

04:45 After this, like I said, I am looking for us to go to $100,000 plus, okay? But one thing I want to pay attention why I think it could happen and why it needs to kind of happen um in the next two weeks or so, okay, is if you look at the stochastic RSI by the end of this week, we officially putting in new lows right now. We we will see where the market closes, okay?

05:05 But as it stands right now, we're starting to put in another red candle. We're starting to lose short-term supports, right? Which might accelerate at some point, okay? But nonetheless, this RSI is going to make its way down. So by next week we're probably going to be sitting over here in the RSI, right? Which means if you kind of count it out, you're looking at the early early to mid November as kind of bottoming out and then going into a strong end of November into December, right?

05:28 That's kind of how it aligns. But one thing that I do want to show you guys here is if you pay attention to when the drops have happened previously, okay, you will see that it happened in this phase over here. So if you look at this big drop here, it happened when the RSI was in this phase, okay? Again, if you go back a lot of the times, you'll actually see that the big speed up zones, right?

05:48 And I'll actually take it back to over here. So, we pull back and then the last dump happens when we are at this phase over here, right? You can go see it on Ethereum. You can go see it on many of the old coins, right? So, something to just pay attention to is that we are slowly starting to bleed down, okay? But we might still be facing one of the biggest bosses yet, which is that shakeout big uh uh wick or or big candle to the downside.

06:14 That is usually the one that gets bought up and sends us for new highs, right? So if the market is not getting enough buys, now I do want to highlight this to you. I think crypto is holding incredibly strong versus the other markets in the world right now. I I really think you can't deny right now that crypto hasn't this is the strongest crypto has been in a while, right?

06:34 Specifically Bitcoin, right? We've got gold tanking. We have the the NASDAQ tanking. We have all these things dropping. But gold's uh Bitcoin is still sitting in the 80,000s, right? So, it is definitely getting strong or it's definitely more strengthened at the moment. Okay. But at the same point, if we don't get the buying pressure here pretty soon here in the areas of 77,000 to 80,000, okay, we are very much likely looking for that that tank and that capitulation.

06:57 So just keep that in mind with anything going forward. That's if there's no buying power here and the buying power is here, that's where the market's going to go to rally up, right? So keep that in mind. So yet again, we just go back and we look at a couple things. One thing I am noticing is I don't see the altcoins getting hit as hard. Altcoins have hit the resistance, guys.

07:16 So I actually think dominance is going to go down. Okay, so this is where it gets interesting because even if I'm looking at a possible bearish Bitcoin, right? and uh not bearish but like there's still that that scenario to play out right if this dominance decides to go from 60% down to 58%. Right? you are still going to have very strong altcoins and you're still going to have altcoins rally at different times, right?

07:38 So, I still think this if your alts are at major supports and are at the major, you know, checkpoints that we pay attention to, I do think and me personally accumulating them makes sense, right? Because as it stands right now, even though we have that, it looks like it's a little bit more of a Bitcoin catchup. Okay? And if we look at this over here, this dominance can come down.

07:57 Now, let me bring up the total three charts and remind you guys where we are with total three, right? So, this is where we at. I'm seeing basically alcoins, okay, having a strong bounce on this trend line, right? And as you can see, we're not actually too far. So if Bitcoin sitting here and might drop into the mid70s, right? There's a bit of space there.

08:18 Okay. And if you look at the altcoins, altcoins, there is possibly some more downside. Yes. Okay. But it's not that much more. So I do think dominance might drop on a a Bitcoin drop off. Okay. And I do think alcoins are actually closer to buys than what we think. Right. Again, I I do believe that buying some in these areas of where we are right now makes sense and I've been doing so.

08:36 But at the same time, I do see this being a nice little pocket for the altcoins. And like I said previously, you know, it's kind of been my thesis now for the last couple of weeks. From here, we start lift off and we start pushing to the upside right over there. So, just to keep that in mind, if your altcoins and favor alts are in those zones, even though there might be a scare of another 10% drop in Bitcoin, does not mean they're not buys right now or accumulating zones right now.

08:58 Right? So if we get back to to to them over here, your Ethereums, ETH is kind of on its uh little bit of its last line support here before it might actually catch up. So I was saying that you know, Bitcoin will have a catchup. If ETH loses this trend, okay, which means ETH loses three, four, right? There is going to be a bit of a ETH catchup. Now the the important thing though is we might actually not see that because of this dominance drop, right?

09:26 But if I look at Ethereum, okay, I'm going to go through the plays now, but just to show you guys, if I look at the Ethereum dominance, right, this for me is at the point where in the next week we're going to have it oversold on the weekly. And I do think on this support over here, we're going to see some strength coming from ETH again, right? And if I look at ETH uh uh Bitcoin uh ETH to Bitcoin, right, we are literally on that long long long trend.

09:45 We are now sitting on support and again RSI is nearly at the bottom. Okay, so my two plays on ETH is maybe there is a catchup with Bitcoin if that is so right. I do think we're going to pick up ETH and I'm going to put in this trend here just to show you. I think we're going to pick up ETH at 2,200, right, for a nice little add-on position. But at the same time, I do think accumulating and me personally buying a little bit of ETH here between 23 and 24, right, is something that I'm doing, right?

10:11 But at the same time, I am prepared for that little shake. Okay, my ETH and I want to give you guys and I'm actually over the weekend going to give you guys a little bit of I'm going to bring a little bit of not full predictions but where I really see the market going after these areas and the targets because I I think that's the motivation of why to stay involved and stay focused right now.

10:29 Okay, is if I look at something like ETH now, right after this, I am looking at $4,400. All right, so I think there's a very big ETH move incoming. Okay, when it comes to the rest over here and let's go down the list here. Let's bring up our good old Salana, right? Soul is nearly there, guys. We are nearly there. So, my souls again, I I've bought at 103.

10:51 I bought a little bit 108. Okay? And a lot of big buys for me are sitting at $96, guys. For me, yet again, after this, I'm looking at a push up. And I want to show you where the trend is, right? I do see the first rally up to $160. Okay? And I actually don't see us coming down to these lows once we do get there. Even if we do reject here a little bit later, I see something like that.

11:12 Right? So, I do think the Salana entries are running out and I think this dip we're seeing now in the last 24 hours, it's bringing Salana into buy zones, right? If I had to rate the favorite coins of what I'm buying right now, right, versus maybe some that I'm waiting. Okay, Salana is one of the favorites that I'm definitely buying, right? Avac is one of the favorites that I'm buying.

11:32 Render is one of the favorites that I'm buying. Injective is one of the the favorites that I'm buying. Um, if I look at uh, comp is one that I'm buying. There's volume incoming on comp right now. NIA ain't cheap enough yet. Um, Zcash ain't cheap cheap enough. Chain link is one that I'm buying, right? So, let's go through them here. So, again, if we look at chain link, right, chain link is not too far from its momentum.

11:56 So, I want to highlight here. Here we go. So, again, your alts don't look like that much more damage left, right? Again, there might be a little dip off of another 10% or so within Bitcoin on some of them, but I think alcoins are they're getting there now. They're getting to these zones where you accumulate them and I think at any point we're going to blink and they're going to be back at the tops again, if not breaking the new highs, right?

12:17 So, I'm really starting to turn bullish on all coins. I do think that that Bitcoin still has a little bit of bearishness left before we can go full bull on Bitcoin. Okay. But ultimately, altcoins are really starting to to look juicy to me. The ones that I'm not buying yet is like something like Zcash, right? It had a decent bounce, but something like Zcash for me, right?

12:37 I'm still kind of waiting to see if I can get the 900s. Otherwise, I'm I'm not really buying much of it, right? I only want to kind of buy specials in the market right now, right? N is something that I really want to buy more. I do have NE. Okay, but at the same time, if I look at NIA now, it's looking really good. But if it loses this support, okay, and I'm going to go through the the next week plays now of crypto and how I do think we can we can lose supports, right?

13:03 There might be a catch up on on NA, right? So for NIA, anything in the mid $3 is kind of where I want to buy NA, right? I want it. I think it's going to do great this cycle, but that is kind of the areas of where I'm going to pay attention. So a lot of your alts, guys, you're looking for them to be in these areas of where they broke out of these ranges.

13:21 You'll see all your alts came out of these long-term ranges. A lot of them broke through the range and they squeezed up. Okay? Some of them have done crazy runs since they've done that. Some of them have just only popped their heads through. So, what you're looking for is you're looking to buy them as they come back into those level areas there. Right?

13:37 So, as you fly through all the alts over here, right, you will see that Algo hasn't even broken its range yet. Right? So, Algo is in this accumulation algorand. It hasn't even smashed through that yet. So yes, if you're a believer in Algo, this you are buying the best place to buy as an investor, right? You're buying literally at the bottom range of where it's always always been there before.

13:56 Okay, has it broken out yet? Not just yet. Doesn't mean I'm not buying it, but it means, hey, I'm buying this for a long time. I got to be patient with it, right? But a lot of your alts that are kind of broken through. So here's an example just on uh block stacks, right? Block stacks broken through, coming through now. Any of these ranges and these highs, that's what you're paying attention to.

14:12 Are they ready for buys? Right? There's GRT. Yes. Right. Uh hype. hype might drop into the the $60 uh in the next week, right? Want to really pay attention that that for me personally, I'll be buying a little bit uh of of hype at that stage. Again, we look at ETH, right? Anything that had these ranges and are now coming into support of these ranges is the accumulation that you're looking for, right?

14:37 Your XRP, same thing. Big weekly trends, XRP is a buys for me, right? Give it a 10% range. But I am saying that I do think this market is turning a lot bullish, a lot faster than what we actually think. Okay. Now, I want to give you guys an opportunity because I do think that where the market's at now, I think the trades are going to get simpler over the next couple of weeks.

14:56 I think the market is tracing lows, but I think there's a lot of money to be made, right? So, again, the opportunity I want to bring to you guys now is go and sign up your insert trade. Come and join us. We've been pumping it. Here's 72 people still in the room. It's crazy how you don't leave this room, right? You can stream, you can chart, you can see everyone's trades, uh you can take trades.

15:17 There's your trade section over there. You can connect all your accounts nonetheless, right? Next week, we are launching many challenges, right? In all different angles and we're going to be trading the market. I am fully back at trading right now. I think there's a ton of money to be made over the next two, three weeks. I really do while we wait for the higher time frame to move.

15:34 So again, to get in here, all that you need is to open an insert trade account. The link below is in the description, right? That's free and all you need is an is a banter or Sheldon exchange link. That's it. Right? So, if we jump in here to show you guys, we have WEX, right? With $60,000 bonuses. Now, you got Bybit, okay? You got Blofen. Okay. Um, we're going to get Kulchi integrated as well.

15:58 So, anyone there that's got Kulshi ps for for anyone in America, we got Tubbit, right? So, any of these and we got Bitbase. Any of these exchanges that you sign up with, you can get into that. come and join. This for me is where we're really going to pump it over the next week or two while we wait for things to happen. Now, the next thing I want to show you guys over here is the liquidity.

16:18 Just know that as the market did have a rally up, bulls came into the market, they started buying and chasing and now they're sitting in a bit of trouble. Right? So, there is liquidity sitting at 80,000 which means very likely we're going to start pushing down again. So, let's go through the plays of what I see over the weekend. Right? Let's zoom in here.

16:34 Here we go. So, as it stands right now, if Bitcoin doesn't get back above 82,000, we we're going to go down and very likely we're going to go down over this weekend, right? If we don't get back in here pretty soon, okay, it is now time for us to go here and start pushing down. There's liquidity at 80,000. There's support here, okay? But if we lose that, very likely we're going to start accelerating down, guys.

16:57 The market's at that point where if we start losing this in the next two days or so, it's going to go hunt that mid70,000. We need to be ready for it and we need to be excited for it because that can bring the buys that we are waiting for. Right? If I look at just a couple of the other markets just as catalyst to see where we at here, right? Here's gold as an example.

17:14 So I want to show you guys gold here. Right? Gold has now entered this very very important last support. And I actually think many people are turning bearish on gold now. And I actually think gold might go up, right? I really think it might actually catch a bunch of people off guard. So if I look at this over here, we have this last line of major support here that we hit and we bounced on.

17:38 Okay. And from here we could actually see an engulfing candle next week on gold. Okay. So do I think temporary the the the start of next week will be red? Yes. But I actually think later in the week we should see green. So what I mean by that is if Bitcoin even decides to accelerate, I do think the buys can be pretty soon. Right? And if I look at uh the futures that even though have had short-term redness is actually pretty bullish, right?

18:02 If I look at NAS, right, the NASDAQ is coming down. Okay, but the thing with the NASDAQ, right, is that it keeps respecting these very important Fibonacci, right? And I want to put this up over here. We got 618, we got 786, right? And we have these lows over here. Okay, very likely NAS will possibly look to bounce here. If it does not, your big support is sitting over here.

18:25 Right. So even though there is temporary redness here, right, I do see once we're done here, I do see strong attempts for the new highs yet again. So what I'm getting to is again I think the speed up might happen at any point now, okay? But I don't think the speed up's going to last that much longer. I'm seeing another two, three weeks. If it happens sooner, the better, right?

18:44 But that's something to slowly start preparing our heads through. Guys, do me a favor. Smash up the like. Big week next week. Let's lock in next week. Let's get things flying. I spent a lot of time building tech and I'm launching clubs next week. I'm relaunching my Discord next week. There's a lot of good good things coming outside. We've been building really hard.

19:02 Um, but now it's time for us to to really lock in and have a fantastic week. I'll be live tomorrow and I'll be live on Sunday. I'm hitting weekend streams with you guys. Let's see where the market is in 24 hours. Have a fantastic day. Lots of love. Bye-bye.