Bitcoin's last major support sits at $73,000–$75,000 (previous lows at $75,000 plus the 200-day moving average). The plan: hold up to 70% of the portfolio in blue-chip positions with 30% cash, accumulate on the 200-day MAs and momentum trend lines, take short-term longs on 1-hour breaks, and target a bounce to $82,000 — with $71,000 support and the late $60,000s as the downside contingency if $73,000 fails.
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00:00 Okay, a big drop in the last 24 hours. Last time I left you guys, I spoke around this scenario over here where we could see a flush down to 73,000. Now, that's a big topic I want to speak about today. Are we still going down to that area? Now, as we saw this drop, guys, we did see a dominance drop as well, which means that that case of a Bitcoin catchup, right?
00:21 An alt, not too much more downside to come is very much in play. Now, we have to start looking at the reaction zone. we are going to get a bounce at some point and it's going to be very aggressive and I want to make sure that we are prepared for it. So in the stream here I have a couple of trade setups that I want to show you guys. One I have taken right now and the others I'm waiting for if we continue more downside but when it comes to us waiting to inject in the markets right we have been waiting for a month like
00:50 this of doubledigit redness. Now, as the market gets more red, more red, more red, right? That is as we start to turn more bullish, more bullish, more bullish. So, guys, happy Friday. It's Friday, baby. Let's go. >> But inside, >> fam, how are we doing, guys? We have to be patient. We have to wait. At any moment the rocket ships will come back. We have to keep focused, keep locked in.
01:34 Uh and again it's very easy in the market when it's ripping to the upside to be focused. This is the time to lock up. This is where you get the best entries in the market. Right? This is where you pay attention. Now again when it comes into this guys as I vibe up now you smash out the likes. We keep going. We keep pushing. But remember this right as the market gets down you get to a point of triple A entries right as market comes down there's very little people left A entry as markets wake up B entry right as markets
02:01 push up C entry right and D entry A and B is where you're going to make the most money so as the market's going down now we pay attention to catching those major buys now as it comes in with Bitcoin right now I want to fly in and actually show you guys where we are in the higher time frame we are at a high time frame pullback. Okay, now just before I do that, I enter this lot along right now.
02:28 Okay, I'm not going to enter this thing anymore above $9.5, but I'm letting you guys know I have taken a salon long. In the last stream, I spoke about a push down to the 200 day moving average. We did that. We've tested it now three times, okay? And I am seeing a 1 hour break. So, a trade that I've taken right now and one trade that I've set it up and I've taken it, right?
02:49 You can also find it on insert trade. I've dropped it in over here for you guys. Okay, is this Salana trade for push back to $100, right? We'll see after that where it goes. But that is one setup I wanted to bring to your attention. Then I want to get into the high time frame where we at. We are crunching and moving down to that 200 day moving average.
03:06 Right, we also have these horizontal supports between 73 and 75. Now what is stopping us before that level is the previous lows down here at 75,000. we could be seeing a double bottom pattern. So, bullishness from today. Okay, what we want to see is a bounce and a move over the next few days up to $82,000, right? That could give us a possibility, okay, of a rejection and a higher low and a push to the upside can also give us a possibility of another attempt to the downside.
03:36 Right from here, we could actually go and push to the move over here. Okay, that is the one scenario of a bounce to where we at now. Obviously the third scenario is you want to see us break through the 83 84 then we can really go for it right we mustn't be surprised if this does happen right all these last little pushes that come into play at any point can spark the market up and move okay then we got to speak around the downside move right downside I'm not seeing as much downside okay but I do see a strong reaction
04:06 coming so if we lose this zone there is going to be a squeeze to the downside and the first major supports are sitting here at 7374,000 Right. So, a bit more downside and we should see a strong bounce up to this area. This is going to be an important bounce when it comes where it ends up because if it does not get where it needs to get, then we can start paying attention to maybe the late60,000s.
04:26 But for now, I'm looking at a push and a bounce to the upside. So, when it comes to short-term trades, I'm quite interested right now in taking some positions in the market on either of those scenarios that we're seeing in play because the bounce are going to be nice and aggressive and quick gains will come in when it comes to that. When it comes to long-term, I'm still at that point of deploying up to 70% of the portfolio in the market right now.
04:47 30% is still remaining in cash, right? Anything below here, if we decide to go below 70 3 72, we do have support at 71,000. we have the major 618 Fibonacci right so this whole block here is a big area of support but the big thing to pay attention is the space we've made from the trend and the size of the bounce when it comes of where it's going okay then I want to drop into the altcoins right if we look at the total three market total three I spoke about this two days back I said guys we can go a little bit lower on
05:18 the altcoins because we have not hit the 618 right and as you can see we dipped slightly below the 200 day and we've now tagged the 618 okay so for me okay anywhere here you can see the previous wicks anywhere in this zone over here. I am expecting a altcoin bounce and where I'm expecting the bounce to is the trend line. Okay, and it's actually a move from here at any point to the upside.
05:38 If we see Bitcoin goes to 73, very likely dominance is going to go down. But nonetheless, you're probably looking at around 3 to 5% in the alcoin range um of big supports and a major bounce to the upside. Right? If we decide again, like I said, if we don't get through these areas here, we could be looking at another leg down. Sure. Right? If we decide to really get bearish from here, we just go straight down.
06:02 And that's why I'm leaving a little bit of cash on the side. Not super likely, but something to pay attention to. Supports are sitting down over here. Okay. In this over here, it's basically equivalent to a $1,900 or $2,000 ETH, right? A $85 to a $80 salana, right? That kind of gives you an idea, but that one for me is not really fully in play just yet, but something to pay attention to.
06:25 So again, I'm accumulating long-term as much I can of up to 70% of the blue chips in the market. Trades, I'm actually paying attention to where we are now. What I'm doing is if you zoom in here to the the the total three chart and you draw in, you can see we're starting to have 1 hour breaks. I'm taking longs on altcoins that are doing this right now to make some money up.
06:44 I'm waiting for the fast bounce by fast three days, four days it can take to rally its way up. Okay, I'm tping out of the market on those specific trades and I'm being patient to see where those highs end up to give us the next major plays. Okay, when it comes to the USDT dominance, there was the strong bounce up. Okay, and we are now just still entering that big zone.
07:02 There is still this scenario of a shake. Okay, and that's what I'm being patient for to see, but nonetheless, we are here in the zone, okay, of where to accumulate in the market. Okay, then when it gets to the Bitcoin dominance, as you can see, yesterday, Bitcoin started to drop and the dominance started to come down. At the same point, dominance has now lost a 4hour trend to the downside.
07:20 Okay, so unless we're going to see a very bullish alcoin from here, it's very likely is going to continue dropping down, which means that Bitcoin can still be in its drop phase. We are seeing a Bitcoin catch up right now. Okay, we're not seeing the spike to the upside and alts just getting destroyed. Bitcoin is getting destroyed too, right? Bitcoin is also putting in the big gains to the downside.
07:39 Okay, and as you could see, we're starting to lose here. Just showing that as much as we still seeing market coming down, all coins are starting to strengthen. something to pay attention to when it comes to where we are in the market right now. Okay? And a couple of really key positions to pay attention to. You're paying attention to the 200 day moving average.
07:57 You're pay paying attention to the support trend lines, the m the the momentum trend lines, right? I'll show you guys now in a sec. But if we look at ETH, right, this is ETH coming down to the 200 day MAS. Not only that, okay, it is coming into the major support momentum lines. Okay, so ETH and I want to show you guys this is actually a bullish candle that's forming.
08:20 If ETH closes anywhere above $2150, very likely we're going to be next week at $2,400 because these candles get engulfed. They're getting engulfed very quickly to show you the exact same candle. Go back over here. You see this candle? Look how we got engulfed and we moved all the way straight back to the highs, right? So very much the bears have a chance this week to keep pushing price down, but bulls are going to step in pretty soon and have a punch back at the market and it's very likely to engulf the damage that
08:50 we've seen over the last three weeks. Right? So something to really pay attention to. One that is coming to a momentum trend line where I am starting to slowly build a long-term bag is NIA. Right? N is coming into the momentum trend. So this is where I want to take a first position on NA. Second positions are sitting at $2.9. Okay. When it comes to chain link, chain link at momentum trend on the 200 day.
09:09 This is what I'm looking for to accumulate and build positions plus the horizontal over here. Three areas of what we're paying attention to on accumulation, right? AVAC 200 day moving average. Okay, on the horizontals over here, AVAX, the entry zones we we are paying attention to. Render now render is slightly below 200 day. Okay, but it's straight into the momentum, which means here between the 1.4s and the 1.6 is the accumulation zones.
09:35 So guys, we are at high time frame supports, okay? The only trades I'm taking right now, okay, is short-term trades. If I'm seeing us break these 1 hours, I'm entering the market on on the tokens. And it's quite simple. You literally take the position, put the stop loss uh under this bottom trend line, just to show you guys. Okay, here we go. Okay, and we're putting this at the previous tops of where we've been.
09:58 As this starts to break a new high, you're moving your stop loss up to entry, remove the risk, and we ride the rest into the profits. Right? So, those are the trades on all all the tokens right now. You can see they are breaking the 1 hour. They are nice long-term entry or short-term entries in the market right now. And when it comes to accumulating, pay attention to accumulating on the 200 days and the momentum trend lines.
10:19 Guys, we have the WSOT buy competition. There's a link below in the description. Join up on buyers. We are going to be trading. I think it's going to be usually we dump in the competition. we're dumping before the competition. So, that will be uh uh something amazing to pay attention to. And then remember with the WEX link, with the buy link, with the Blofen link, any of those, you can get into the insert trade.
10:38 There's a link below where trading is happening all the time over here. Everyone's trading. We're popping trades and we are trading, but it's there and it's available to all of you. Other than that, have a great day. Smash yes in the comments. You like the shorter shows. I want to bring you guys 10 minutes action-packed shows every single day. I used to do the longer ones.
10:55 Let's try this the the smaller ones for now, right? And you guys pop the like, say yes in the comments, and I'll see you guys on the next stream. Lots of love. Bye-bye.