BITCOIN: Risk Back On BUT Only If This EXACT Level Is Reclaimed! Transcript, AI Summary & Key Points

00:00 Just yesterday, we were looking at the long trade on the DOW, and we got a perfect spike towards the upside, signaling that maybe there will be a bit more risk on that comes into the market, but it's probably not entirely safe just yet, but it's very, very close, right? And in today's video, we'll talk about what that exact level is that needs to be cleared out.

00:19 If you've been watching the streams, you know exactly what that level is, and that would confirm with high probability that a higher low has formed and maybe even a macro higher low, but we're not there yet, right? There is still the potential, as is always, probabilities in the markets for a trap. And you can come and vote over here. Smash the like button and then come and vote over here.

00:38 In your opinion, is the macro higher low confirmed for Bitcoin? 18% of you are super confident, giving 100% yes. 39% of you are saying yes, probably, but you're maybe not 100% sure. And you're leaving the realm of possibility that there could be a trap. And then we have 29% of you saying no. And 14% of you extremely bearish, saying that there is no bottom deep enough.

01:00 So the answer is no, right? There's no bottom for Bitcoin. It can just keep going down. So we'll have a look at all of this. Remember, this is the exact trade that we gave yesterday, now spiking up about 53,000, which was one of the levels to clear. But that's only one asset, right? There's many different things to be looking at. And not all of them have taken out the breakdown levels just yet.

01:19 That was going to be one of the important signals that we wanted to see in terms of who's truly in control and in the driver's seat. Is it the bulls or is it the bears, right? And reclaiming some of these key levels does shift the pendulum back in the bulls' favor. But it's not all over yet, right? There's still some work to be done by the bulls, specifically in Bitcoin.

01:40 So we'll get into that. The economic calendar still has a bunch of things coming up today. We're going to have unemployment claims. And then tomorrow, there's more unemployment data and non-farm employment change data coming out, which is going to be on Friday. And then the interesting thing, in my opinion, take note, is going to be how price holds up over the weekend.

01:56 I know it's not the weekend yet, but when the volumes are low, it's going to be super interesting to see if the price move that we've had towards the upside can be defended. And when the volume starts to leave the market, it doesn't full retrace. That's going to be super important. Everyone should be looking out for that to determine if things are still healthy.

02:15 So if you look at other sectors, you know, like the AI sector, well, many are saying it's already a bear market in the AI sector because this market or sector has been absolutely obliterated, and it hasn't quite bounced in the same way that it did in the DOW, which is why we said that it's a little bit risky to be going long on some of the other things like QQQ and the AI stocks, which if you do go into some of those top AI stocks, you'll notice that they haven't actually really bounced.

02:42 In fact, unbelievably, Intel is overnight trading at new lows. Brutal, brutal, right? That's got to be a bit of a dagger in the back when you see that things like the DOW put in a beautiful move and you've been VWAPing the Intel trade. And it just keeps going down, right? So this is why we need to look for things that are close to invalidation zones.

03:04 I gave the loose stop loss, but I told you if you wanted to go with higher risk, you could be keeping a beautiful tight stop loss over there on the DOW. And this is now in the money. I think it's dead simple on this. You've got to move that trade to break even, right? At this point, you do not want price to come back towards the entry. If price comes back towards the entry, it's a bull trap.

03:23 So the expectation would be if this is going to continue bullish, any little pullback that occurs like this, you kind of want that to bull flag and then continue its journey towards the upside. So that's what we're going to be waiting for over there. You know, not overly a bull, not overly a bear either, just looking at the probabilities. And for the best trades, because we do believe that this is the end of a long-term market cycle, right?

03:46 Not for Bitcoin necessarily, but I'm talking for the broader markets, the end of the real estate cycle. You guys know it. We've spoken about it before. The 18.6-year cycle, 14 years up and approximately four years down. And that lines up pretty well with the business cycle as well. And now we also have pretty much a clean sweep by the Democrats. And if you study the regimes and you have a Republican president in power with the Democratic House and Senate, those actually produce the worst results, unfortunately,

04:16 right, when it comes to the markets. The market still goes up when it comes to the TradFi. It's just the least pumps, right, the smallest pumps, the least gains, because there's so much conflict, right? It kind of deadlocks the economy to an extent because they can't actually make any real changes when they're in disagreement, right? So this is something you need to be aware of for the longer term.

04:41 It's not going to be important for the short term. What that means is, again, not bullish, not bearish, just trading and looking for the best trade opportunities. And I think it's going to continue to be that way for a while, right, for the foreseeable future. So let's continue on over here. Let's have a look at the S&P 500. Beautiful bounce as well over there.

04:57 But we spoke about the levels to clear out is going to be around this 7,800. We're not there yet, right? So similar to Bitcoin, we're not there yet. But it is a notable bounce. Look at that QQQ. So I think we did the right pick by going with the DOW long and not QQQ, because QQQ overnight trading back at those lows, right? If this market starts to unwind now, these things will start to fall very quickly towards these lows.

05:19 So there is work to be done over here. And if you have to choose a U.S. indice that Bitcoin trades most similar to, it is going to be the QQQ, right? So we know that there is also some bullish divergences that are forming, for example, on Bitcoin. And therefore, if the QQQ can actually hold up over here and take out that rejective candle now that you see sitting right there at 702, that's going to be a really good sign, right?

05:44 That is one of the first meaningful things that we can be looking for. So let's see the KOSPI back down, right? The KOSPI coming back into these lows over here. Let's have a look at the mags. Mags bouncing off of this zone over here but still got work to do. We spoke about clearing out 72. And I guess let's give it a bit more time, but chances are we're probably going to lower that now to that candle.

06:03 Still dropping slightly below 72 for the bullish validation zone, which means for now we still treat this as bears are in control despite the beautiful bounce that we've seen. You know, there's still work to be done. We got a nice big spike up over here on Amazon. We haven't yet taken out that double bottom though, which I still think could be a possibility, but reclaiming a lot of these levels.

06:23 Huge move up over there. And then Google still hanging around the lows. Quick look at Apple trading back to the highs. So that's good. NVIDIA coming down. You're now getting deep into this box, right? So you've swept those levels out. You're coming deep into this box. We're looking for a bounce anywhere out of this zone over here. Meta bouncing out of the 0.618 and 65 fib.

06:43 That's a golden pocket, but also still got work to do over there, right? Because those are putting in some massive swings. And Microsoft, surprisingly, one of the strongest of the lot. I don't know if any of you know fundamentally what the reason may be, but spiking back up. So, yeah, Microsoft and Apple doing very, very well over there. Tesla also coming back down.

07:03 You got a fake out towards the downside, fake out towards the upside. And now you're back in the triangle, still awaiting a decision. So I think that a lot of uncertainty in the market, and that's probably going to continue to be the case now that you have a Republican president and, of course, Democratic House and Senate, which is pretty much baked in.

07:22 I don't know if all the results are completely in, but because of that, we saw the oil price drop, and we spoke about this a lot. We spoke about hedging at the top with a short trade. If this consolidated over yet, it would have been bullish, and even if it broke out, you would have had a throwback, and we spoke about that. But now you're getting very close to key support.

07:39 Well, everybody flips bearish on oil because they believe that they're going to have to end the war in Iran. You never know, right? You might have Trump acting out and actually accelerating things. So, therefore, oil suggests that it should find some level of support over here at about 94.50-ish region, right, which is just a little bit down, right?

07:59 In terms of a percentage, we can actually look over here from current price. Maybe you drop about another 5%, and then I think that you'll find a little bit of a pause, right? If it pauses, consolidates sideways around the mid-range, it may break down further, but one level at a time is what we're going to be looking at over there. XLE energy as well taking a big drop, but don't fade the trend.

08:18 It's still higher highs and higher lows, and that would be a good lesson for everyone to learn. Higher lows, and theoretically, even in this territory, it's still within the realm of higher lows. The catch-22 is even if you take out this low, you are coming into strong horizontal support and the 200 EMA, which is still theoretically a bounce level. So what that means is don't necessarily long your long zone leverage when it comes to risk assets as per the thumbnail risk back on, but only if certain criteria are met.

08:51 We still need to see a bit more of a reversal in the typical things like energy that usually when those are going up, it's a risk-off environment. So you need these to start to actually break down properly. And we need Bitcoin to reclaim. I think the number was 82, right? So if we go on to that, we're looking at Bitcoin coming into the triangle. We were hoping to get a bit deeper and we had scaled the orders in, but we spoke about the criteria just yesterday for how you can position into Bitcoin by A, either taking a

09:14 hard limit order, B, gridding your limit orders or setting multiple different staggered orders all the way down throughout the triangle, or C, you could wait for a reclaim and a break above the key levels, which hasn't been done yet to confirm that the higher lows in. Or D, the fourth option was simply just dollar cost average over this volatile period where you're most likely going to catch pretty close to the bottom over the course of, you know, the next three months or so leading into next year.

09:45 So our traders have been absolutely smashing it. If you want the Pico bottom buys, well, those have been given, right? If you look over here, this is Waz, one of our traders over there in the Discord. So absolutely nailing that sweep over there at $75,800 at the naked point of control. Bang! Smashes it towards the upside. And just before that, he was actually short off of these highs over here at $84,341.

10:07 And you can see targeting that naked point of control where he flipped long straightaway. So that's pretty good. I'm really, really proud of the team over there in Whale Room. By the way, if any of you do want to join Whale Room, we are busy trying to see if it's possible. We can't guarantee it, but if it's possible to do a Black Friday special. So just hold on before you do join if you do want to get in there.

10:29 All right, let's continue. So let's go back into the energy sector over here. Bloom Energy has also been pretty hard hit over here, but it's coming into key support. So you're looking for a little bit of reaccumulation around the zone. If you were planning on buying Bloom Energy and you wanted to get in on the Nancy Pelosi trade because this is one of her positions, the greatest stock trader of our era due to insider trading.

10:48 We'll see if that streak continues. But you're looking for a little bit of technical support over here and rounding out. And that could potentially provide a trade opportunity over there. Let's see what the metals have done. The metals put in a bit of a bounce. We spoke about that yesterday as well. We said that it's probably due for a bounce. But don't get confused with the overall direction and trend.

11:09 If it comes back down over here and hovers under 4,000 on gold, you're talking about still that low move down into like $3,300 remains the price target. But a meaningful bounce over there. You haven't taken out those levels yet. Still got some work to do. We spoke about silver coming exactly into the 0.786 and the pivot level that's coming down in the form of that downsloping trend line.

11:30 So we said, yes, sure, this can bounce and move even as high as about 63. That's still the case. We came very close to sweeping the mid-range. It hasn't done it yet. You're putting in the technical bounce alongside gold. I think that the level to be careful of over here is going to be around this zone on platinum. You might start to see this failing at about 1580.

11:51 So you're going to be targeting the candle from this is the 23rd of October on the Friday. I believe that candle should provide a bit of resistance, which percentage move if it even makes it there. That is the case. Let's see if you even make it over there. That's about another five or six percent move. And then I still believe that you're going to see that sweep of that mid-range.

12:11 All right, the other trade that we spoke about on the long was on copper, right? So we only gave two trades yesterday, so you could still be scaling in on this. And I believe this is still a valid trade, right? So if you're looking to position into this is giving you an even better risk to reward right now. It's a 3.65 to 1, meaning you risk $1 and you're going to make $3.65 or $1,000, you're going to make $3,650.

12:37 So I think this is still an opportunity over here as long as you find that this base is out around here. You can trade this back to the range high. If it breaks above there, you can extend that. And this is going to be contingent on whether gold continues to have its relief rally towards the upside over there. So that is the only two trades that we gave yesterday was, of course, on the Dow Jones, the grid trade actually on Bitcoin, but that was from the day before.

13:00 But we reminded you of that yesterday. And then, of course, on copper over here. Okay, so those are the trades when it comes to the metals market. We can go into some of these other things. Let's just see in the AI sector if it's all looking like Intel. And it is. So AXL is still coming down, right? So this is still under a lot of pressure. Oh, my word.

13:19 Back to there it is. It's taken out the lows. DRAM, the Roundhill MEM ETF has taken out the lows. Look, you know, I don't focus too much on the fundamentals. I don't know if this has something to do with maybe the Democrats, you know, sweeping everything out over there that maybe they're not so aggressive with AI. You guys let me know in the comments.

13:40 But at the end of the day, we did say if you reject between the 0.382 and the 50% level, there's a high probability you're going to sweep out that low. The ETF hasn't existed for that long. It's only been since April 2026, a few months. But taking out that level is, of course, not a good sign, especially if you're going to start to close down here. Okay, there it is, you guys, in the comments.

13:59 So we have a lot of wise viewers. I'm super happy, by the way. I love that we have a wise crowd, and we don't have to dumb things down too much. It's a data center uncertainty. I thought it would be something around that with the political things that have been going on lately. So Palantir as well also coming down. You're probably going to find a bit of support over here.

14:20 It could come a little bit lower. Be prepared for about 150. We did take profits on this trade and stop out the rest in slight profit over there. So we never got the full breakout. This was a failed breakout. Robinhood, how's this one doing? Still struggling. You know this can bounce significantly, but I think it's still going to be a challenge for this to get back to new highs again.

14:40 We have Micron Technology. Is this one that we bid? That's the question. Do you just simply look at the 200 EMA and say, you know what, there's enough traders that are going to be looking at the 200 EMA, and therefore this is bid worthy. I'm tempted. I must say I'm definitely tempted for a bit of relief. Down 7%, overnight trading down another couple of percentage points to 773, right?

15:04 So major support will be coming in around this region. So if you were to try and bid this for a dead cat bounce or relief rally or maybe even it's going to go to new highs, I believe this would basically be the trade, right? So as we always draw a triangle representing buying smaller at the top and buying larger where the risk is the least, which would be in a strong horizontal support area, that's basically the way that I'd be looking into scaling into this trade.

15:28 So you can put that on the watch list. I'm not going to draw out the risk to reward on this one because I think you need to study the reaction around the market open when the U.S. markets do open. But that's one to look at. And then, of course, Intel as well getting absolutely smashed. If this comes deep into this box, I think this is a bid, you know, just for relief.

15:46 This can easily bounce up, you know, into this gap, right? You basically filled out this gap. Now you're going to have a new gap that's coming to play towards the downside, right? So you can probably come down into this zone, spike up, which would be significant if you got that, right? That is just to their 50%, you know, 80%. Part of me just wants to put all the chips in over here, which I'm obviously not going to do, guys.

16:10 But sometimes I just feel that way. I'm just like, just double my account and let me be done with it, right? Double my account. Let's just put everything in. It seems like a high probability bounce, but of course you can't do that. Unfortunately, you have to calculate the risk. And if we look at AMD as well, very similar, overnight trading coming down again, super similar to M.

16:30 I'll put those next to each other because you're right around that 200 EMA and just below that you're going to have the gap over here, which should allow for a little bit of a technical bounce as well. All right, SanDisk, new lows, right? Well, it's not new cycle lows, but you guys get the point. It's starting to really look like the complacency bounce, right?

16:48 The complacency bounce. Unfortunately, if it is a complacency bounce, what comes next is usually fear, anxiety, depression, all of that jazz, right? So look up the Wall Street cheat sheet. But at the end of the day, there is going to be support that will be found within this region over here. This was a cluster that consolidated for multiple weeks before accelerating, which means psychologically that level will be defended.

17:12 If you come into that level, that would be a more worst-case scenario before putting in a bounce. You might put in a bounce beforehand, but if you don't, brutal, another 30% down, and then you can easily bounce up, you know, like an 80% move quite quickly over there. All right. I know some of you are on Caterpillar, things like that. So we'll look at those.

17:31 Samsung Electronics also getting smashed over here, you know, threatening these lows. This can all begin to fall through quite aggressively. Same story over here on SK Hynix. And I don't know if you guys remember, but we spoke about it way in advance when we identified the risk on these two. We identified the risk on Samsung and we identified the risk towards the downside on SK Hynix.

17:52 And what we said is we said that if that's the case and the KOSPI is truly putting in a bear flag, right, strong move towards the downside, consolidating into a triangle, and it was right over here. We said you've got to be on hyper alert because this has the ability to take down the U.S. stock markets. If these things start to fall, it brings AI fears and the AI stocks will start to unwind and the AI is basically what's been holding up the majority of the NASDAQ and the S&P 500.

18:18 So therefore, be wary. And pretty much, unfortunately, the worst-case scenario played out where these things started to come down. And when you look at these, there's a high probability that they're going much lower. So therefore, you have to be super careful, right? Be careful over there. All right, let's move on. Nike, we basically bought the bottom.

18:34 So, you know, I don't know if I should be proud of that because they say don't try and catch a falling knife, right? If you try and pick bottoms, you're going to get what on your fingers? Something, right? You're going to get something on your fingers if you're picking bottoms. And ultimately, we got the relief. We reclaimed this zone over here. I think that this is going to find major resistance when it gets to the 200 EMA over there.

18:55 SpaceX as well also coming down. If it starts to consolidate underneath these lows over here, you're talking about bringing in about 105 as the next target. One step at a time, 105 is the next target. If it loses 105, I think it will probably find support and bounce between 80 and 90, one step at a time. We're nowhere near that, but you can clearly see that in the lower time frame zones, you are downtrending over here.

19:19 So that's the majority of the TradFi space that I think needs to be looked at and mentioned. We can definitely check a couple of these things, how Circle is doing. It's holding up. It's okay. You know, MicroStrategy actually also bouncing off of the zone alongside Bitcoin. Level to take out for MicroStrategy in the short term is going to be about 156.

19:39 Get above 156 and you've broken the downtrend and you can start to target maybe the range high at about 191 over there. What other ones do we have? We looked at Coinbase. Did we look at Coinbase? Coinbase consolidating at these lows, getting dangerous, right? If Bitcoin starts to find resistance and there is any kind of a bull trap, Coinbase is going to get absolutely smashed over here because how many touch points do you have over here at this local low?

20:04 And the answer is enough to break it down. One, two, three, four. The fifth time, so any spike up over here on Coinbase that fails, you know, maybe run up even as high as just below 200. So if that fails and comes in for the fifth time, this thing is going to fall through. All right, just be aware of that. That thing will fall through. I know some of you are requesting Robinhood.

20:24 We've done that. We had a look at Robinhood. What else? What else do we have over here? Let's quickly have a look and see. How's Netflix doing? Pretty much right at the lows, right? So I remember marking this out quite some time ago. You got your technical bounce. You haven't broken that downtrend. It is still very much low lows and lower highs. For now, I guess, to shift that trend, you need to get above about $74.

20:45 All right, $74. Okay. All right, guys. This is a quick reminder of why you've got to kind of be careful even in the traditional markets, right, with stocks, even though it's regulated. Remember this one, right? There's some crazy swings that happen over here. This is overnight trading pretty much actually at the same level. But how unbelievable was that?

21:08 I don't know if you guys remember that. This ran up 900% to drop in less than like a few days, 83%. So just because you're trading TradFi stuff doesn't mean it's not dangerous like crypto. You've still got to manage your risk accordingly and be safe, right? Be safe over there. So also you can have a look over here. Risk appetite has collapsed. If you're looking at this in terms of a monthly change using what's called the Z-score, it shows that this swings quite aggressively.

21:40 So it's swung quite aggressively towards the downside. You can get those mean reversion snapbacks very, very quickly, violent reversal moves, which you want to be aware of, which is why I'll be keeping a close eye on some of those, you know, I don't like using the word, but quote unquote, oversold, right? Oversold, overbought. I don't like to use those words because oversold usually means a strong trend towards the downside and overbought usually means a strong trend towards the outside.

22:06 But oversold in things like Intel and some of those other AI, you know, chips and memory stocks and things like that, you might get a violent snapback if sentiment does swing and shift back. Anyways, if you do want to trade any of these things, quick reminder again, you can do so on BTCC. For those of you that haven't joined, just to explain how this works, if you want that $1,000 airdrop position, the way that it works is you have to deposit $200 or more on the exchange.

22:33 What they'll do is they'll give you $100 that you go 10x leverage long on a couple of coins. So it's ETH, BTC, XRP, and SOL. We'll try and look for a trade entry for those of you that want to take that trade over there. But you can trade as well, obviously, normally on there if you want any of those stocks that I've just spoken about and you want to execute those trades.

22:52 So that's a free voucher over there. You keep all of the profits, right? So it's a free hit. All right. So now that the Dems have basically done the clean sweep, you're getting absolutely rinsed, rinsed, rinsed in the Trump crime coins. I'm not here to get political. This is a fact. These are crime coins, right? These are crime coins because I was one of the losers when it comes to part of the crimes.

23:14 Syndicate, I lost here on the Trump NFTs, actually sitting right over there. Wait, where's, where, it's on this side. There's my Trump card. Wait, where's my finger over here? The camera's reversed. Right there. There is my Trump card. It's sitting right there. You can't sell it. It was an absolute trap. 30 million rug on the Trump NFTs. World Liberty Finance, 2.5 billion plus.

23:36 Justin, son, your excellency of the Tron legacy is, of course, suing. He's suing Trump, right? They're having a massive fight at the moment because they froze all of his funds. We have the Trump coin $800 million rug. Some of you in the U.S. are sharp, right? You are awake in time for the launch. Unfortunately for me, it was 10:30 a.m. in Dubai. It was way too late.

23:58 I couldn't put any risk on that trade. One of my friends bought a Lamborghini, right? He was in the U.S. He managed to whack this trade in Miami, made enough, sold out, got a Lamborghini Melania, $200 million, and a USD1 is $300 million. And this is what the charts look like today. So obviously straight down, I mean, how can you not call that a crime?

24:20 But more specifically, if you look and you zoom in more recently, I can't zoom any more than this, it's dumped even more, right? So it's got another drop towards the downside. Melania coin absolutely wrecked over there. World Liberty Finance, Justin Sun, $40 million. He bought $40 million in tokens. And I mean, he's really got to be scratching his head, right?

24:45 The life of a billionaire. You don't even really feel it. But, you know, what is $40 million amongst billionaires? Pretty much nothing. So these things are getting absolutely slammed while some of the rest of the market is bouncing beautifully. Look at that. World Liberty Finance. Some of those coins are the only ones that are red for today. But this is only looking at the top 100 list, right?

25:07 The top 100. So let's move on. Let's have a look at Bitcoin and what this means. The skew is relatively balanced. The volume picked up massively with liquidations, of course, liquidating the shorts. How many got liquidated? First time I'm looking at this, Azor, $500 million worth of shorts liquidated and $246 million in longs. The daily exchange volume, this is going to be the super interesting part, right?

25:34 Because we've seen the spikes up in volume for multiple different reasons. One is the Binance hack, $6.3 billion. Of course, a lot of money moving. We'll talk about that as well today and listen to what their CEO has to say about that, right? So big spike up towards the downside. Then it starts to bleed out. Will we get another spike based on the new volume that's coming to the market?

25:55 Hopefully, hopefully, because we spoke about the importance of defending these key levels, and we said that the best case scenario would be that bulls would take back control right now, start to move things up and the daily exchange volume can go up, but it hasn't yet. So until then, we have to actually remain somewhat cautious. And we said that it's a catch-22 because let's just quickly reposition that.

26:15 It's a catch-22 because on the monthly scale, the buy zones are going to be the two red lines over there lining up on the daily time frame. And you don't want any closes down there. You want to do your business by getting in quick and getting out. And you want to be trading back up. And so far, that is what bulls have done. This is vitally important that we see bulls' strength and volume in the form of this chart over the coming days.

26:36 Because if that is the case, it means that was a shallow enough dip for bulls to buy it up, not giving much time to get allocated. And that means that you could still follow the typical thesis of what we'd ordinarily see most similar to what we had in the USDC depeg, which was your first legitimate retest of the 21 EMA. We spoke about that, right? You want to dip and rip straight away, dip and rip.

26:59 Now, I would much prefer a deeper dip than that, which is why we outlined a couple of different plans, which I spoke about in the beginning, for how you can properly get allocated depending on your risk profile, right? Are you going to limit order in, grid order in, are you going to dollar cost average, or are you going to be a confirmation breakout buyer?

27:19 But either way, you should have a plan. So if this weekly candle closes like this, the probabilities shift massively to suggest that this is going to hold, all right? And each coming week is vitally important that you see another green candle in continuation. So if this is going to be the first green candle close, you're not late or an idiot. This is one of the best opportunities because you have better confirmation.

27:41 And what you'd be looking for is next week, any candle that comes down, you don't want to take out that low of this week. So if you're bullish, which I hope everyone is hoping for bullish price action overall because it's much easier to make money, right, for all of us, right? So ultimately what this means is this candle we want it to close green for the bullish journey to continue.

28:01 We want the 21 EMA to continue to rise. We want any price action that comes down next week to be brought up. Maybe it comes down to like 77, maybe 76, but you don't want to take out that low. If it closes red, it's okay. But the next week we want a green candle. So basically two weeks from now we want to start seeing green candles, three weeks from now green candles, four weeks from now green candles.

28:25 And then we want this to obviously continue to rise towards the upside. That is the hopeful journey that puts in a low, a higher high for the first time breaking the structure and your very first higher low. All right. So remember, many people on crypto Twitter will make you feel like there's something wrong with you because you're late. But this is literally the first, it's not even confirmed yet.

28:50 This would be the first higher low. And this was the territory where we're looking for that higher low to form. So hopefully we get that. move and we see that continuation onwards and upwards. The volatility is expanded. You got back into the trading range. Remember, it's very, very important. Let's remove the Bollinger Bands to eliminate some of the noise on this chart over here.

29:12 So what we have is the orange line. This was an important range low. All right, important range low. You broke below the range low. So you spiked up, you could rally even harder over here, but then throwbacks into the bottom of that range become buys with stop losses below here, which become higher probability trade opportunities. So this is what it was looking like.

29:31 We spoke about the pink area, the entire pink area over here is your buy zone, and we gave two levels. We gave one, this would be the aggressive long trade, the very second that you take out that candle, it's $78,766 for the limit order buys that want to trade the breakout. That would be the first breakout trade, but the safer trade actually comes over here, which you haven't yet done.

29:54 81,927, we've spoken about this all week. That is the level to get back above. This breaks you back above the range high of the all trading range, which you can see goes all the way back from here. Wick, rejection, so that's support, big bounce, rejection, rejection comes down, deviates, breaks back down. So this is a strong level, a very important level to overcome.

30:18 Very, very important, right? If you can overcome this, which you do have a lot of momentum that can push price up a little bit harder to follow through. It gets very, very interesting, right? So that's why we spoke about the multiple different scenarios on how to get allocated into the market. So you've recaptured the 9 and the 18 EMA. They do need to cross back towards the upside.

30:36 Your RSI is moving back up. We spoke about the dip that comes down into the fear zone, which is the orange. The extreme fear is going to be the red. We came so close to getting into there. And this is a beautiful spike up. And let's just see what has the RSI done. So the RSI has, you can see our little LARP line drawings are over here. We spoke about the RSI breaking the pink line, getting above the 50% level, which is going to be the orange line.

31:01 And if it can consolidate like that and hold above the 50, this is a really, really good sign that the probabilities begin to shift in terms of putting in that higher low. So if you want precise trading, guys, a reminder, if you want precise trading, the guys in Whale Room are absolutely crushing it. You can see the wins over here on the left-hand side of this screen.

31:23 So if you ever want to see what the guys are trading, well, you can actually only see it after the fact. On the website over here, you'll be able to see all of their wins represented over there and their losses, right? We don't only show the wins. Like he has a 665% loss. He went short on Gold. All right. And he has a couple of wins as well. So all of that is listed over there.

31:43 Part of the reason that we said that there was a possibility we're gonna go for that high was on the two-week scale, which is what we looked at yesterday. There was a lot of liquidity. You took the liquidity on the downside and then you ran it for the upside. And the liquidity is actually still building over there. So $82,400, which is where? Where's $82,400?

32:02 $82,400 is literally exactly, exactly here, where the stop losses would obviously be placed around that lower high, right? So a lot of traders are going to be looking at this as an important candle, which is why the close is so important. We spoke about that yesterday as well. The close is going to be vitally, vitally important over there. Let's see what the 24 hours looks like in terms of liquidity.

32:26 Also quite stacked on the upside. You still got a lot of short traders' liquidity over there. That's their stop losses. 27 million will be taken if you hit that level. Okay. So we can look for opportunities in the market. Things like Ethereum have taken out their levels, right? So we said the dip into the zone, price broke back up. Let's see if it can consolidate and hold this level.

32:47 Now the worst thing that can happen is if you take out Wednesday's low, right? And the importance of this, by the way, the importance of all of this, of what we're looking at, before we get into the altcoins, let me touch on what's going on with Binance because I know some of the users here might be affected and you might need some information around that.

33:06 But part of the reason why we're looking at this level to be recovered is because this candle's the hack. So if you have doubts about who's in control, if bulls start to close back above you, it means that the hack is over. The after effects of the hack might have possibly been fully absorbed by the bulls and things are going to be okay. A lot of people are obviously worried about FTX related matters, which is why I wanted to showcase these videos to you guys.

33:36 So let's just quickly go into this video. This is Binance co-CEO, right? So remember that CZ is not the acting CEO of Binance anymore. They have a co-CEO. We are spending a huge amount of money on security every year, right? So if something like this can happen to us, it can happen to everyone. I think what is fortunate in this episode is that, you know, we bear the full financial impact.

33:57 And users are not compromised. We have set aside more than 100% of the funds and replenished the tokens that's affected. And we continue to build from strength to strength. We want to, I mean, all these hacks and attacks can happen to any platform. What sets us apart is how we continue to protect users on that front and learn from this episode and become much stronger.

34:16 Well, I mean, after FTX, that was the promise as well. The industry promised to be more transparent, to be more secure, to be more ready for prime time. And I think now that question is raised again. Well, so FTX and us are very different. So the comparison doesn't quite hold there. I mean, FTX was a case of fraud. The customer money wasn't there. We did pause for a while to make sure that to protect the money, the customer money is there or there, right?

34:39 And we reopened very quickly after that. Once we rebuilt the system, we were confident in our system. And we have started to allow customers to withdraw their funds from Sunday. Initially, we saw a spike, but by now, it has normalized. And if you look at hourly net info and outflow, it's what we see on a normal day. And customers can verify their assets through the proof of reserve, which during FTX time, they couldn't.

34:58 And that's the difference. Verification, not just promises. So all the withdrawal restrictions are lifted now. Customers can take out whatever they want from Binance? I think we have allowed for withdrawal of the different tokens and they're facing pretty much by now. It's back to normal. Got it. And you say you've replenished 95%? We've replenished 98% of the impacted tokens, right?

35:18 And the remaining 2%, because they belong to less liquid tokens, we need some time to procure them without affecting normal market operations. We do not want to go to the marketplace and purchase them, which can affect market prices. So we have to procure them through ODC on that front. But those are fully guaranteed. The customer's assets are secured, and we are in the process of procuring them.

35:38 Got it. Well, thank you certainly for coming on and taking the questions and telling us a little bit about what you've learned and how you're remedying the situation. We appreciate it. All right. So basically what it means is if you are affected now, you're probably in the 2% whereby there were illiquid tokens, right? So those illiquid tokens, you understand the reason they can't just go and buy those back on the open market from different exchanges because they're going to absolutely pump those coins, right?

36:03 So if we go back and we have a look at some of these charts, you know, we've seen a lot of tokens that are relatively illiquid and they put in some absolutely massive moves like this. This is an example, right? Sonic. Sonic is a token that's pretty illiquid, and I'm sure there's ones that are even more illiquid than that. For example, we know that an interview came out with the new CEO, of course, of previously Phantom, now Sonic, and just that interview alone, the illiquidity within this token allowed for this thing

36:33 to pump 100%. 100% just that single interview that was published, I actually believe on the Insider's Channel, right? The Crypto Insider's Channel allowed for 100% pump. So if you are affected, it's probably because you're holding an illiquid token. And also importantly, what he said over here is that there was an initial massive volume spike, which is exactly what I was talking about over here.

36:53 That was the volume spike when they allowed for all the withdrawals to come in and people started to move money around. And now we need to see what's going to happen next when this begins to settle. So for any of you that do want to read about the Binance security incident and the final findings or the initial findings and then part of the final findings and what's happening next, there is an article that you can read.

37:13 Yeah, there's one more interview that they did with Fox News, which is going to give you just more insight because I know that obviously Binance is one of the most one of the largest exchanges, which means there's a chance that either you or someone you know is affected. So you can just send this to them. Hi, good morning, Stuart. So we do have co-CEO Richard Tang.

37:30 This is the first time we're hearing from him since that historic hack and then the security report coming out this morning talking about a multi-stage hacking campaign. So my first question for you, Richard, first of all, thank you for joining us. Since this was a multi-stage hacking campaign, I have the report right here. Did you guys see any indication of the hacking early on, or did this take you all by complete surprise?

37:50 Thanks for having me, Darren. So first of all, this should not have happened, and we apologize to our users for the disruption. As you mentioned, this is a highly sophisticated multi-month campaign, and the FBI has attributed it to North Korea. They use a combination of fake recruitment interviews, malicious software, disguised as developer tools, AI techniques to work their way in, and then execute at a speed our industry has never seen before.

38:08 We have since then closed all the different entry points, rebuilt the affected system, and we just published a detailed report so that the industry can learn from it. So in short, this isn't one mistake or one quick issue. The attackers spent a month building their way in. So it's pretty sophisticated. You can read the report in full. We continue to invest greatly into our security.

38:27 We continue to tighten our controls on that front. There are certain things that we learned from this episode, and we will continue to learn, and we continue to enhance all the different features and make ourselves much stronger. So did any of your customers actually lose money here and how can they be sure? No, not at all. So I think the first thing we came out to say is that we, our company, we bear full responsibility.

38:48 We bear the full losses on this. I think we have set up that very, very clearly from day one. The full financial impact will be borne by us. Users are not compromised. We have set aside more than 100% of the amount. And 98% of the impacted assets have been replenished. Customers can verify their balance through our proof of reserve. The remaining assets, the 2%, they belong to less liquid tokens and we need some time to procure them before affecting market functioning and those are being procured.

39:14 So customers' assets are fully secure on that front and that's our assurance. Our priority is always to protect customers' assets and interests. All right, guys. So there you have it. That is the full Binance update. So if any of you are affected or know someone that is, you can always send that to them so that they understand what is going to be happening.

39:30 Let's move back into looking for a couple of trades over here and see if we can find anything meaningful because if we do go into Bitcoin, for example, and we have a look at it on the low timeframes like the hourly, what you're seeing over here is as long as price can hold up, there's a potential for a low timeframe bull flag that might get that next move up, right?

39:48 So you probably want to be keeping an eye on this. This is just keeping it. Let's just remove that line over there and put a new one. What you want to be having a look at over here is just keeping it simple and looking at that as an important range level to be held on the low time frame. there is some sell pressure in the form of those wicks you can see over there.

40:05 But if price comes down over here and you start to see it holding this $79,850, I believe, you could probably start to look for another long trade to long it into that liquidity, which is overhead. That liquidity is coming up at about, as we mentioned, around that $82K region, depends on which time frame you're looking at. So I believe that 82, this is going to give you a decent risk to reward.

40:27 For example, you'll be looking at something like that and you'll be targeting up to about 82. This is one trade opportunity for later on today. Now the alternative, what about the alternative? The alternative is if this starts to hit us with a damn Bart Simpson pattern, which is where you start to distribute like that and you begin to take out these lows, you know, usually it's always a very sad day for Bart Simpson, right?

40:50 So just be aware of that. That is always a possibility. But for now, that's not the case. Even though there is some hourly sell pressure coming in in the form of those candles, I think that any wick that comes down just below that $80,000 region, $79,800 into that zone is probably going to be brought up. And then likely you will see another big push towards the upside.

41:10 So I am looking for trades actively because remember we're in the Coinbase trading competition. So that is listed over here. I was looking at it this morning. I was looking at Solana as well as an opportunity. Similarly on the hourly timeframe, just in the sense that if this does continue to maintain that structure over there with the higher lows, you could have a bit of a breakout, right?

41:31 So you can see over there we'll be getting towards an apex pretty soon. So I'll keep an eye on this. For those of you in Whale Room, I'll definitely let you know if I do execute any kind of trade. We can spend a bit more time on this. Let me know in the comments section if you see anything else that does line up. For those of you that are joining, remember, make sure you claim your $275 USDC bonus before you join the competition because you can use that towards the competition funds, right?

41:54 The competition to join it, you're going to have to use this link. There you go. First line up there, that link attributes you to me, which means that you're getting 80% off on your trading fees as well for spot trading. And then you can join the competition over here. It's $2 million. $2 million is running for three weeks, right? So you have three weeks to attempt to win this.

42:13 I haven't executed my first legitimate trade here, but my account's funded, and I'm just waiting for a decent enough setup. You can trade other markets, by the way. So if you see something in the TradFi markets, I should have taken the DOW trade yesterday. But maybe I'll have a look at some of these things that have been absolutely smashed, like SOXL.

42:31 There's also QQQ. If the NASDAQ does push up later today, this could be an option as well for some quick moves, some quick gains over there for further relief. Remember, the QQQ chart's still hanging around those lows, so it's not quite safe yet, but we'll see how the U.S. market opens later today, right? Overnight trading sitting exactly at that 200 EMA, so it's one thing to consider.

42:54 All right, VVV entry. Let's have a look at VVV. Let's go to VVV. Let me just check over here. I'm looking for the correct list. All right. We'll stick with this one. Let's go on the daily and we'll go. If we need those momentum oscillators, we'll just switch charts over there. Okay. Let's see what's going on with VVV right in critical support. Very, very critical support.

43:20 You're hanging around here. Your best case scenario is that this is range bound, right? If this is range bound, this is your best case scenario because obviously this has been a straight downtrend with equal lows. Lower highs, equal lows oftentimes looks like a descending triangle which does tend to break down. But your best case scenario is that you have a new trading range that's going to form in the future where if you bounce off here you can trade back to the highs.

43:43 All right. So I don't have a trade entry on this. It doesn't look, you know, too high probable. The probability doesn't look too good to me for now. But if you're monitoring this, yeah, just watch around here, around these lows for some sort of a trigger plan. Okay, what else? What else do we have? Let's quickly see Solana on the daily timeframe. All right, so it's still very much a downtrend.

44:05 It's lower lows and lower highs. We spoke about it. You need to get above there. 103. Okay, 103 is a significant area. Theoretically, anything that bounces below there is lower high territory. Be aware. It can fail. All right, some of you believe that the Bart Simpson pattern is coming. You say it's incoming, right? It could be. That would be a very bearish sign.

44:26 Don't forget, not just yesterday, but the day before stream, right? You can go back on those videos and just use the timestamps to scroll through where we speak about what happens following the midterms. And, you know, often within the first eight weeks, you do actually see a major sell-off most of the time. The good news is that 12 months later, the market is usually up.

44:46 But now the bad news is that you have the Republican president and then the Democratic sweep for the House and Senate, which does mean that that 12-month upside move is probably going to be less than what we typically see. So a whole lot going on over here, right? What does this mean? Again, we'll summarize. It means just trade the chart that's in front of you, honestly.

45:05 Just look for the best trade, execute that trade, and move on with your money, right? Okay. It's going to be a difficult time for long-term investors, I believe, still, for the next probably like two years at least. Alrighty, Hyperliquid, you know, this was all the excitement around Stanley Druckenmiller who came out with his first tweet ever, one of the legendary traders, and basically all of that has started to unwind.

45:30 What you don't want to see is a full retrace of this candle that would be incredibly bearish, and it would still open up the possibility of trading into the daily fair value gap, which is coming down in 64. So basically if you take out this candle, we'll put it in red because red means it's dead. Red is dead. You take out that candle, it's cooked. This candle is at $78.19.

45:53 All righty. Otherwise, there's a chance for it to bounce out of here. This will be filling some of that inefficiency. Sure, it can put in a higher low and obviously continue up, but it's got a bit of work to do. I would say that the level to get back above is about 89. Get above 89 and you'll confirm this as a higher low and you'll probably move much higher.

46:08 So again, just looking at it objectively, we're not trying to get overly bearish or anything. You do have technical support that comes in play over here, which is obvious. You can see these highs, highs coming into the low over here and these lows, right? So consolidating under that brings in the fair value gap, which becomes a macro higher low. All right.

46:28 Trump, less power, less uncertainty. Look, I'm not a politician and I'm also not a geopolitical expert. I would have to disagree with that. The reason why is because at the end of the day, he can still call the shots when it comes to war-related matters. So he can really intensify things in the Middle East for whatever reason. If he wanted to, he could still.

46:50 So that's, I think, where some of the uncertainty will still come into play. Alrighty. POND. Let's have a look at POND. Some of these real Degen things are starting to break. Not break, but they're right on the cusp of breaking those incredible downtrends. So let's go to POND. That was one of them. There it is. All right. It is still very much in a downtrend.

47:14 It's coming into the 786 to 886 FIB level. This is an important zone. Look, I think that you can say that the worst is probably over if it can break above there. 31. All right. 31 over there. So you're starting to break that downsloping trend line, which means it might range a little bit, but this is the level to clear. All right. Stonk. So stonk's already done it in that regard.

47:38 This is what I'm talking about. When you have that insanely strong downtrend, eventually that downtrend breaks. Super aggressive downtrend. It doesn't mean that you're going up only, right? You have the downtrend. You break it. Did it go up only? No. It ranged. So you should default to looking for range-bound trades on a low time frame when you break that.

47:57 That signifies that maybe the aggressive downtrend is slowing, and you can now start to look to buy off the range lows and trade it where you start to see weakness on the low time frame. It might not look like much, right? But when we zoom in and we have a look at it like this, as a range, what do you see? You know, let's talk about the range developing over here.

48:17 That's a 40% move. Up to the highs over there, almost a 60% move. All right. Look, you know, I respect that there's questions around some of these, but Atom is probably going to be rekt. Unfortunately, we can pull it up, right? By all means, we can pull it up. It all depends on your time frame that you're looking at. But if you're trying to trade this as like a swing trade or longer term position, most of these things have been absolutely annihilated.

48:44 Like, look at this. It is down only. It's really brutal. Look at this on a weekly time frame. So it's going to be very difficult to make money in something like this because you needed to establish a proper uptrend first. All right, let's have a look at some of those perp DEXes like Leiter, which you guys have obviously just put a comment about that.

49:07 Holding, wow, it got the bounce off of the zone, very critical level that it needed to hold. Consolidating under there would be pretty disastrous, but it got the bounce. So, yeah, as long as it can keep defending that, any throwback now probably is a buy because you have such a strong invalidation. It's clear if you break below that low, this thing is absolutely done.

49:27 Okay, not done, but it's going to get bad, right? If you break below that low, it's going to get very, very bad. All right, so if you get something like that, this probably becomes a buy and maybe it's starting to round out once again. Alrighty, guys, so for those of you also remember with Variational, it's coming up soon. If you're trading, take trades there because you trade to zero fees, right?

49:52 It's free. Keep trading over there on Variational. The points are coming out soon. Very, very soon. All right. Chris, well done. One of our traders in Whale Room as well, smacking 54% on Ondo and 64% on SUI. So some really decent trades over there. Very, very nice ETH update on a long trade as well that's been bouncing. So if you guys are looking for the trade ideas, you know where to find it.

50:19 Just be patient. I'll try to come back to you guys by next week with if it's possible to do something for you guys for Black Friday. We want to keep the group very small. That's the thing. We don't want 10,000 people in these communities. All right. So we've kept it pretty tight. All right, guys, smash the like button. Let's see the poll results over here and what the complete poll results look like.

50:42 It is 63% basically are bullish and the rest are bearish. All right. I'll see you guys all on the next one. I hope you guys have an absolutely beautiful day wherever you are in the world. And we will touch base again tomorrow. Cheers for now.