Can Bitcoin Bulls Run It Up Higher? [My Next Price Target] Transcript, AI Summary & Key Points

00:02 We've seen a nice bounce up from the Bitcoin bulls yesterday. That was of course as the stock market also started to push towards the upside. It was one of the scenarios that we had been planning out when we analyzed and we looked specifically at the low volatility environment where the liquidity was stacked the highest and we said that we give it about a 52% chance right that prices will probably move towards the upside and so we got that move up into the higher liquidity zone over here.

00:28 This was looking at the liquidation heat maps. So, in today's video, we're going to have a look at what is the probability of price continuing up to the next levels. Remember, we're looking up as high as $88,000 as the major major draw in terms of where the liquidity is going to be stacked, right? So, still a lot of work from the bulls that they need to put in to get prices to continue to move up over here.

00:50 Um, and we're still at this sticky point in terms of uh still pretty low volatility environment. We haven't had that expansion off of the dailies quite yet. But one step at a at a time, right? It's like a domino, one domino at a time will lead to the rest of the dominoes falling. So, the fact that the bulls manage to at least shift price a little bit higher into that $83,000 region.

01:12 H if they can maintain price over there, it means that the probabilities will shift higher and higher that they can start to target some of these other key areas. Right? So, this is what we'll talk about today. That's what we'll have a look at. You can see over here on the hourly a lot of the other coins started to bounce up with price and then in the stock markets as well we started to see a bit of recovery across the board over there.

01:33 Now same thing stock markets the bulls need a lot more momentum over there to get prices up. Um and we'll have a look at that today. Right. So quick one the DXY I'm looking at something like this over here. We've had the big move up uh you know so many times that you attempted to break out of this horizontal resistance area. The breakout area. The fifth attempt looked like that was the one that was going to send it and it was a trap, right?

01:54 Price came all the way back down towards the mid-range before moving up again, which means this is effectively the sixth time that price is attempting uh to push up out of this level. So, based on what we're looking at over here, I've anchored the fib from the low to the high and we eyeing out, you know, basically a back test into this breakout area.

02:11 Um, you might not come that low. There's a possibility that you hold up pretty much where yesterday's low occurred on the DXY, but this is going to be the area of interest between 100.7 and 101.285. Right? If we do get a couple of wicks that go down into there, this could be yet another back test, just a high low and then another move towards the upside.

02:32 Right? So, that's one of the things looking at on the DXY. For those of you that are are looking at other currencies, that means of course the dollar is still going to be strengthening against those. And we have the S&P 500 futures over here. Um, it's had at least two days up now. Once again, definitely hasn't overcome all of the downward pressure over here.

02:51 Of course, uh, the real safety comes in if you can start to trade back above this candle, which was on Wednesday, the 14th of October. That was your down day. That's where you want to get back above. But the good news is the QQQ being the NASDAQ has pushed towards the upside. I'm long on this one over here. QQQ3. A lot of people were asking me in the whale room live sessions that we had yesterday if I'm going to close these positions.

03:12 And I said I'm going to give it a bit more time. And the reason why is if we were to repeat this move over here, which often times in a strong trending move you do see take place. Well, that could mean that the QQQ or the the QQQ3 chart could be trading up as high as 68% higher from here by the end of December. Of course, if that does happen, it's going to take Bitcoin up with it.

03:37 So the hope does still remain alive as long as we continue to maintain above these higher lows which for now we'll be treating this as a potential for a bump and run and we'll see how quickly it can move out of here. Right? So a lot of earnings came out. For those of you that were tracking um SpaceX, you'll notice why it's gapping up massively overnight.

03:55 Look at that. Um you know yesterday was closed at about 147.79 and now you got this huge gap up. We spoke about the 50% level will probably hold. Obviously, I didn't expect such a massive gap up, but that's almost 9% as they beat on their Q3 earnings, which have just come out um yesterday, right? So, and it looks likely uh in terms of SpaceX and Tesla merging.

04:17 Uh Elon Musk basically hinted at that as a possibility, right? So, I guess the market likes that and consequently, this is moving up and that means that Tesla is also moving up, right? So, you can see the overnight trading, it's still holding on over here. It's still got work to do. We do need to see this getting into about the 390 region to really break this symmetrical triangle off of the higher low that's occurred over here and to see that continuation.

04:42 And in fact um really this 420 region is the level to clear because this is a major major range high from uh previously on Tesla. And the reason that we look at each of these independently is to try and help us to understand what will happen to the MAGS ETF. If the MAGs ETF, which we're in a long trade on, continues up, it's probably going to take the stock market up with it because this is the number one driver right now of the stock market.

05:04 If the stock market goes up, then Bitcoin goes up, right? So, it's all one big trade. So, if we look at these trades independently, most of them are doing decently. Amazon is good. Uh Google is still struggling a little bit. It's it's um possibly going to break this trend line down, but we did speak about a lot of other support areas below. So therefore uh for me personally I'm still just going to leave my grid trade which is gridding into those orders all the way down with equal grids as price comes down over here

05:29 will be filling in on those orders. So I want to remind you that those orders are over here on Tubbit, right? So we long on Apple, short on McDonald's, and then we have a whole bunch of other trades over here in the form of the grid. Right? So I've attached those trades just to let you know for the tuber trades. I've only attached the ones that are still in the zone.

05:49 So for example, if you want to go long on Google, which I just showed you over there, you can pretty much copy the settings, right? So this would be this trade setup over here. You can pretty much go over here in the description, sign up to Tubbit, getting up to $30,000 signup bonus. Um, so if you deposit uh 300K, they'll give you $30,000. It's a lot of money, right?

06:07 And you can actually use that money to trade with, profit off of, um, and then withdraw those profits, right? So you can come and copy that trade over there. Um, and on top of that, then you can come underneath here and spin the wheel. So you'll see it will come through to this wheel. Um, mine has to refresh because I just connected it, but you can come and spin the wheel and you can win a couple of different prizes.

06:27 $1,000 iPhone Duo giveaway. There's a whole bunch of different stuff. These are the most recent winners, right? These are things that have been won over the last uh one hour. Okay, cool. Amazing. So, that's we've we've covered that over there. Let's continue with these MAG sevens. Um, in terms of Apple, it also looks fine. I think that's one of the trades that we have which you can also copy.

06:48 So, we got the Apple trade, the Google trade, the NASDAQ long trade is still on the table. Robin Hood is a little bit sketchy. I think that you're going to get a bit of relief um off of these low levels, but this one's definitely starting to position underwater. And then you got the Micron trade over there as well. So, Apple I think is still good. Google is still good.

07:04 Amazon has already moved up a bit too much. So, I'd probably leave that one alone. We can go on to Nvidia. Nvidia starting to get a bounce. We need to see more strength and follow through come um into the Nvidia chart over here. Uh it's it's a bit of a sloppy chart, so I don't really have a clean entry for you on that one. Meta now is actually probably starting to provide a clean entry.

07:24 This is what we spoke about yesterday. We said we'd like to see this just gap down one more time, right? One more time. SL slap into the 0.382 potentially the 50% level. So far, you can see that candle down, the reaction up, and now over the rest of this week, I'll be looking for follow through towards the upside. So in terms of positioning, you can always wait for today's price action to unfold even tomorrow, right?

07:47 You can even possibly wait till Monday next week where you have a couple more green candles and you'll be working with this candle um which is just printed yesterday as your invalidation with stop losses below if we do see a little bit of strength coming through. So meta is definitely one to watch. The important thing over here is if each of these are looking like they're positioning back into strength over here.

08:09 Microsoft already consolidating at highs, Tesla moving up. It means that our MAG X trade is probably safe, right? So, it's got a bit sketchy. We don't want to see the deviation of this level over here. In fact, we'd rather see a bit of a bump and run attempt out, come back down, throw throw back into the trend line on the triangle over here, and then accelerate towards the upside, which will take QQQ3 up with it.

08:29 Right, that's a 40% move over here from current price and almost 70% on QQQ3. So, I haven't been shaken out of the positions because MAG X was still up significantly. We were entering into this position much earlier. QQQ3 because I was averaging on the way up unfortunately um to try and move money across into a brokerage account. It took time. I'm pretty much at break even on that trade.

08:52 So, you can get in the same trade um at current levels, pretty much the same price, but it is really do or die, right? This is it. This is it. We want that candle to hold the candle from yesterday. we must see follow through towards the upside and some acceleration um very very very soon over there. So, we can always come back into some of these uh trades if there is request, right?

09:12 Maybe we just very quickly touch on the metals. You know, gold looks like it's very probable that this is going to dip below 4,000, right? So, this is looking like a macro lower high and ultimately I think you're coming back in for these levels. If you lose these levels, be aware this is still a potential target, right? This was your um your symmetrical triangle where we compressed into that leading into a massive move.

09:35 There's a good chance if you start to consolidate under 39 on gold, right? There's a good chance that you're going to do something like that. It will take time, right? It will take it'll probably only happen some point in 2027, but a move back in here. So, if you are on your way to the dentist to get new gold teeth, I recommend you wait, right, to delay that dentist appointment by a little bit longer because you could get your gold teeth at 33 and then your smile will be worth a whole lot more in the future.

10:04 Um, all right, silver. Same thing over here. We're still pulling back. I think that silver is going to drop down into about 50 150. That's another area to watch. So, a lot of the metals are showing weakness. Platinum as well looks relatively weak. You probably coming in for these lows at about5. Um copper still one of the strongest holding up over there, but I don't have that much confidence in the trend continuing.

10:25 Aluminium already breaking down into new swing lows. And we have palladium brutal, right? Look at that. new swing lows, lower highs, lower lows, taking out all those levels. Pretty much like a full retrace over here. It's looking starting to look like one of those altcoins, right? Where you get the giga pump towards the upside followed by a lower high and then usually these things just bleed out, right?

10:44 So, just be careful on the metals over there when you're looking at the commodities. They're not all necessarily strong. The strength is still mostly in the oil, right? Um you can see over here a wild candle with oil yesterday uh with a big spike up like one of these Darth Maul candles um with big move up big move down closing somewhere in the middle ultimately the story is still the same right I think it's very likely that this is going to trail up into about 120 over there so do keep an eye out on that and therefore

11:12 Bloom Energy what do you do with this trade yesterday I was asked the question by the whale room members is now the time to get in on this trade let's just quickly see I think I have the where's our riskto-reward tool here put that back again. So, it's basically come perfectly perfectly back into the 200 EMA. This is more or less where the entry was.

11:29 Overnight trading is slightly up because oil's pushing up again and it's shaken off yesterday's volatility moving back in the direction of the trend. Um I my messaging to the whale remembers on the live session we did yesterday was just be a little bit patient, right? Be a bit patient. I would rather wait for a bit more strength to come in um some more stability in the market and therefore we can prove that this is probably going to be a major loan.

11:52 then you can rather enter for example somewhere here with a tight stop loss. It's just that the probabilities would be higher that this is going to be a major low. We're going to continue to grind up because I entered into this trade earlier. My trade is effectively safe with the stops at break even and I did take partial profit. So I'm just going to leave this trade um as is.

12:09 Right. And then we also saw on XLE which is the uh ETF for the energy sector. Another strong candle right it attempted to come down. kind of took out a couple of the prior days candles but strong close back towards the upside. Therefore, energy is probably going to keep going up. So, in certain commodities, things are looking strong in the metals, not necessarily so much, right?

12:30 So, um also quick message over here for those of you that are trading the equity markets. It's the same applies for crypto. This is the biggest opportunity that the guys over at Bitfunded have done ever, right? Ever. Um, and I've tried to match it as best I can to um, you know, give you guys or unlock full value on Bitfunded. You're getting 60% off on any challenge, right?

12:56 It's the biggest savings that they've ever done. 60% off. It means it will cost you as little as $39 to get access to $5,000. What I've done is I've said I will try and boost this by giving you additional value for anyone. Well, not anyone. It's for the first 100 people. the first hundred people if you purchase an expert account right which is cost you $399 um you'll get access to $100,000 in trading capital assuming that you pass the challenge of course if you purchase any of those challenges so whether it's the

13:28 expert on a two-step expert on a one step or the expert express we're going to give you one free month in whrim on top of that right this is limited to the first 100 people so it's costing you 60% less plus whoom is free you effective ly unlocking, you know, what should cost you $1,200ish is only costing you $399. So, for anyone that wants that, it's the first 100 people that we can do that for.

13:54 Um, again, if you don't want such a big account, you can still purchase these smaller ones, right? But I wanted to ask this question, right, which is what I did over here in the poll. How much are you risking on a typical trade? Well, 64% of you are risking under $1,000. 21% of you are risking between 1 and $10,000 on a trade, right? Meaning your stop loss gets hit.

14:15 You're losing between 1 and 10. 6% of you are between 10 and 25. And 9% of you are losing $25,000 or more on a trade. Now, this is applicable for each and every single one of you, no matter where you are on the sliding scale. Um, the point of the prop firms is to risk other people's money, right? To gain access to other trading capital if you do know how to trade.

14:37 Now, the important thing to remember, which is what I wanted to cover over here, is if we go on to the whale trade site and we scroll down and we go through to the position size calculator, and I've done a whole lot of videos on this. Now, remember, if you want more information on this, you can come through and click that button on Bitfunded right on the site.

14:52 If you click Bitfunded over there, it will take you through to an explainer video to show you how to trade and pass these challenges. But what I wanted to say is, for example, consider this. When you take these challenges, right, assume that you're trading under a $100,000 trading account, there's certain criteria in terms of what you're allowed to lose.

15:13 As you can see over here, if we're on a two-step challenge for $100,000, your max daily loss is 5%. All right? That doesn't mean you actually ever trading with $100,000. This is why it's actually sometimes more important to go for the larger uh positions to actually make a meaningful impact and make money. So consider the following, right? Our account size is $100,000.

15:33 Our risk per trade is 2%. Let's assume that we entering into a similar trade to what we have over uh here. Wait, where's where's our trade? Let's quickly go to our trade. The trade that we have over here, right? Let's assume so your stop loss is 3.3% away. If you took that exact same trade, how far is your stop loss? You write that in here. 3.3%. What is your leverage?

15:57 It's not really relevant. Let's just say 5x. It doesn't matter. And uh what is your entry price on the trade? Um all right, let's quickly go back to that trade. So the entry price 81 uh 81866. 81866. Um all right. 81866 and or that's actually the current price. Let's go down here. 81866. All right. So what you'll notice over here is it prints everything on the right hand side.

16:24 It shows over here that your max risk on this particular trade. If you only want to risk 2% on that $100,000 account, your max risk is $2,000. Which means when you enter into that Bitcoin long trade, the same trade, you're not entering with the full 100k account, you're entering with $12,000. What happens if you want to risk less, which sometimes I recommend, right?

16:46 1%. Now, you only, even though they're giving you access to $100,000, you're actually only going to enter in that trade with $6,000, which means if you're wrong, you're going to lose $1,000 of their dollars. All right? So, point is, understand risk management, understand position sizing. This is why you're more incentivized to trade with the larger account, which is the best price right now, $3.99.

17:08 So, again, first 100 people, we'll update it tomorrow based on how many are left. Um, use that particular link if you want to get access to that. And what we'll do is we'll email you your um uh your login, right? And if you're already a whale, remember uh we will just extend you by another month, right, for free. Okay, cool. Let's move on into Bitcoin over here and have a look at what's going on.

17:29 The market obviously slightly skewed towards the pos positive side as a lot of people are trying to position long right now. Uh luckily, we already have our long trade on the table, so we just need to manage that accordingly. If we go and scroll down to the bottom over here, we did see a little bit of a pickup in the liquidation levels, but we truly haven't really broken out of the trading range.

17:50 The trading range is still very, very tight, which is why you see the volatility squeezing and compressing on the Ballinger band. So, the real move hasn't actually happened, right? If we have a look over here, it was mostly shorts that got nailed over there, 190 million versus the 85 in longs. And the daily exchange volume is still bobbing and weaving around here.

18:07 On the low time frame, it's actually slightly downtrending. But the important part is we wanted to defend that 25 to 30 billion mark, which you can say more or less you are, right? You're deviating above, below, above, below. We'll only really know the truth when we see the expansion out of this trading range in terms of the next major move over there.

18:26 So, let's see if the bulls can do it. If we can get that follow through, I still believe that the liquidity is greater towards the upside. And in terms of the higher time frame trends, well, you're still being supported by the anchored VWAP, the 21 EMA, and the stop and reversal indicator. All of which is increasing towards the upside over there, which means dips.

18:42 If you get a deep enough dip, again, there's no guarantees over here. But if you get lucky enough, there will be a dip a little bit deeper down. 75K first. Um 72K would be the next level. And then the lowest I'd be looking at is $68,000. So, these are the only three levels I'd want to see tagged. Anything that goes lower than that, the whole picture begins to shift and you have to entertain the possibility of an absolutely enormous bull trap.

19:08 Again, no guarantee that you'll get that, right? If price starts to close back over here at $88,000 where we're looking for that sweep into in terms of that daily liquidity, well, it's going to look like this is the major low that occurred last week, right? And you might continue up and then we have to reevaluate if you're ever going to come back to these levels, right?

19:28 So have a plan in place right now. The bulls are defending the 50 EMA and this has been part of the trade setup. The good news is for the bulls at least is based on yesterday's close. The probabilities which I assigned as 52% chance that you're going to make the run for this versus 48% chance that you're going to do that is now beginning to shift with each daily close higher and higher over here.

19:50 You really start to look like you're rounding out and the bulls will build confidence. And I'll start to say that, you know, right now the the the chances of hitting this have gone up for me significantly to about 60% chance. So I'm assigning about a 60% chance now of that follow through to take out that liquidity on the upside at $88,000 based on where these previous tops occurred.

20:12 Right? So bulls are recapturing the 9 and18 EMA. We'll come into a bull moon uh on Sunday and those EMAs will cross back up. The RSI pivot level is the orange line which means price is above it and that RSI will attempt to move back up and that's one of the things that likely means we go for the next level. So one step at a time, right? One step at a time.

20:33 We spoke about the throwback into the golden pocket. We held that level. We moved up into the liquidation levels. This is where the heat maps were the strongest yesterday. You'll remember we looked at that on the chart. So you can see on the weekly and the daily we said when the volume is low when the volatility is tight price will tend to move towards where the liquidity is the greatest because the only people in the market are the market makers and they want to get the stop losses and therefore we were targeting this

20:58 level and that's what we got. Now there was almost a full bearish engulfing candle but bulls managed to hold it up. So the fact that price is consolidating underneath this level means that I think that in the short term the bull's actually still remain in control and you're probably going to do something like this to create a bit of a bull flag a ascending triangle on the low time frame and that's going to break price out and the next level that we're going to target is this orange line at 84,279.

21:27 Now once you hit that line we need to reassess once again. If you hit that line and you can see bulls consolidate price over here, hold things up, well, that opens up the next move to 88K. So, it's one step at a time, right? The closest trade opportunity that that we have right now is basically looking at bullish continuation defending these higher lows that are occurring on the hourly time frame and expecting that we're going to repeat that move um you know, possibly today.

21:54 Possibly today with continuation in the stock market towards the upside. uh that's going to lead to that test or the sweep at least a sweep, right? At least a sweep of that orange line. What happens after that um is to be studied, right? The the reaction off of that zone, we still need to see what the answer is. So, what's going on in terms of the liquidity over here on the heat map since we are still in a low volume environment with low liquidity?

22:18 Well, the liquidity is still greater on the upside. It's not as heated as it was yesterday, but 92 million is more than the downside which is at 62 million. What about the 24hour period? You can see over here brighter and lighter right over here on the top side. It's again not as great as it was yesterday. Yesterday you're sitting at like I think 30 30 million on the daily.

22:42 Right now we half of that 15 16 million it's greater on the upside. 13 million slightly below and 12.8 million also below. So, still greater on the upside. That move up into this zone over here, 843, where's the liquidity over here, just below that, right around that 84k zone is where you got that liquidity. So, we'll see if that starts to build up um over the course of today.

23:04 We've seen the Coinbase premium also hasn't um really changed much, right? It hasn't been this negative since the market bottomed in July. What this means is typically price will tend to squeeze a little bit higher, right? So, just keep that in the back of your mind's eye. We're looking as well at the um you know momentum oscillators over here from market cipher B.

23:24 You got a very crystal clear line in the sand. We spoke about this support resistance resistance. Is this flipping into support? That is the question. Well, right now it is. Right. Right now it looks like this is flipping back into support. It's holding it supported by green dots over there on the daily. We looked at it on the hourly and that was part of why we said continue to hold the longs because the shorter term suggests you're going to get that spike up for the squeeze and you can see over there you still had the

23:55 green dots and you still have another green dot even over here as prices um are trading right in front of us. But the weekly has the red, right? The weekly has the red and this is what makes it tricky. This is why you got to be cautious um and you have to have you have to try and have trades in both directions um in the event that this thing expands one more time.

24:10 Okay. So, if you are looking for trade ideas, right, there's some good opportunities over here. I've brought this up before, but I'll bring it up again. I just ran a test with True North. So, True North is basically uh if you use that link, they're giving you a one month free pro plan. It is limited, I think, to the first it was like 50 or 100 people.

24:28 So, I think they are still since the code's here, it's still there. Use the code Kyle CB um to get that access. But, if we go through to that, I asked for a trade setup over here. Right. So I basically been chatting with it and I asked it to build a high conviction trade and it comes up over here with the high conviction trade. It found uh is this world coin right WLD and it finds the trading range the high volume points of control.

24:56 Basically price moves up into that. It's looking at the short position and if I'm not mistaken um world coin was one of the biggest movers over here. There we go. So it's showing a lot of volatility on World Coin. So this is doing the counter trade pullback over here. Looking at the funding rates being incredibly positive. Gives you the trade setup.

25:15 The previous one that we looked at was a long trade on Bitcoin which worked out very very very nicely. Today it's giving the short trade. Right. So you can come in here and you can chat with it. The way that this works is it's based on credits. So similar to ChateBT Pro um uh you know if you're using Claude Pro Max or whatever and you have to pay for credits, it works on credits.

25:34 We're giving you a month's worth of credits for free if you want to go and test it out. They have all different types of scanners, things that you can do over here and trade. So, if we go through to trade, you'll notice that I'm connected over here to my lighter account. They are doing a partnership with lighter right now where there's a big trading competition and you can win a whole bunch of prizes, right?

25:54 So, if you click over here, this is the lighter competition. Um, they're doing a a prize pool of $50,000. So, if you want to go and test this out, it's a nice platform to help those of you sitting at home banging your head trying to find ways to get trades, right? So, you can go over here. It does a whole bunch, right? Strategies. Build me a 4hour BTC swing setup with an entry, stop-loss, targets, invalidation, the whole bank shoot.

26:17 You got absolutely everything over here. Build me a daily pullback setup for Nvidia or tell me the lower time frame trigger uh to go for or to wait for, right? which is pretty interesting because obviously it's identifying it has a knowledge base. It understands that Nvidia is in an uptrend. It's one of the strongest um stocks that's out there. And remember these are linked to lighter.

26:35 So if you join if you join into the you connect your wallet got to connect your MetaMask to lighter then lighter to this. You can do hyperl as well but you may as well do lighter since they have the trading competition. It runs the agents. The agents get deployed and it looks at the Nvidia chart and now it's going to try and identify trade setup. So it does take a bit of time.

26:55 We can we can let it run for a bit. Um you can see it's it's going through all the tools and stuff now. Um and yeah, I like that it's pretty objective. It doesn't it's not one of these wishy-washy things that just says, you know, hey, um you know, we think that things might go over here, so good luck. It actually gives you the setup with the risk to reward and everything.

27:14 All right. So, it's giving a what is this in terms of a trade? This is a 0.84 to to one. I don't like those kind of odds. Obviously, it's expecting that you have to look at a pull back down below um 111 to enter into the trade. You can follow the one-click setup if you like the trade setup. You just click that, it will auto enter you. Um all right, I won't take this trade because I I prefer to go for anything above like a two uh 2:1 risk-to-reward setup.

27:41 This says uh the proposed ratio 0.84 to1. Okay, so I'd probably skip that. I'll say uh not a good risktoreward. Find me something else. All right, let's see what it does. We'll come back to this. Find me something else. Let's say, bro, so it knows we're friends with it. There we go. Um, all right. So, we'll run that over there. Let's see what it comes up with.

28:03 Let me know in the comments what else you guys want to have a look at while we run this and we'll we'll review what this comes back um with in terms of setups. Um, all right. So, let's quickly go back to this chart. BTC on the move over here coming back into those highs. You know, this could be this is effectively going to be test one, two, three. You're coming in for the fourth test.

28:23 You might start to see follow through pretty much now while we're on the stream. All right, let me know in the comments, guys. Let me know in the comments if there's something else that you want to have a look at uh in terms of trade setups. What about ETH? We spoke about is ETH biddable, right? Is ETH biddable um based on these current levels? Well, one of the things we wanted to see was that hourly break trend, which you've now got.

28:43 So, you've got the hourly break trend. This could be the trade, right? This could be the trade if you're looking for the setup. Um, it might be worth taking this over here. You might even be able to go super tight with your stop over there just underneath. But the safest stop is obviously going to be holding it below because that's your previous high low.

29:00 You've broken the trend over here. Um, of course, first target is going to be straight into that anchored VWAP on the daily. If you can hold above this anchored VWAP, you know, of course, you can target much higher back into the range highs because there's so many tests here. ETH does trade back into those highs, you might be looking at a larger breakout.

29:18 All right, let's quickly see what this thing's done over here. Uh, fair point. The long pullback was only 0.84 to1 and the other daily candidate was worse a short um near 226. So, it doesn't see a better trade setup. It basically has to look for a completely new trade elsewhere. All right, but you can trade everything over here. You can select your position sizing.

29:41 You can do everything. So again guys, for those of you that want to use the link below, you can go and check that out. Um, all right. So let's quickly have a look at ETH as well in terms of uh what's going on over here with its with its um uh momentum oscillators and it looks decent, right? So we we previously had the long trade from here. Let's quickly extend this.

30:03 You know, this might be the opportunity to reong this. You're getting the confirmation of the green dot on the daily. You can see, wow, look at that. Look at this over here on the 12-hour. So many green dots, momentum oscillator turning back up. VWAP turning back towards the upside, crossing over the zero line. This this could be getting ready for its next major move.

30:22 We have that supported as well. Exactly the same way is that even a bit of uh bullish divergence, right? A little bit of bullish divergence taking place. Some lower lows over there, some higher lows over here with the momentum oscillator. At least if we look between these ones, definitely confirmed over there. breaking that trend line. This is now looking at it on the hourly time on the 4hourly time frame.

30:43 Hourly as well moving towards the upside. I think ETH probably looks like one of the better trades of the day. So in terms of a trade setup, this is what I'd be looking at. All right, this is what I'd be looking at over here. At least a move back into those highs. Remember, you definitely have to look at partial profits along the way. The anchored VWAP is going to be one of the major resistance zones.

31:03 Okay, nice. What about spot entries? This could be a spot entry, right? This is for David Ryan. This could be a spot entry. This all depends on your risk parameters, right? So remember, leverage is just a tool. Uh leverage is not to size up and increase your risk. Um it's still works the same, right? Go to the position size calculator. It still works the same, right?

31:29 If you wanted to, for example, say I'm trading on 1x leverage. What you'll notice is the the risk per trade is still $1,000. What if I what if I say that I want to trade on on 25x leverage. How much is the risk? It's still $1,000. The risk is fixed. It never changes. The required margin changes. All right, that's now to to take um you know $1,212 and put on 25x leverage is exactly the same as taking a $30,300 trade on spot in terms of your risk.

32:01 Your risk is fixed. How far does price need to move against you to stop you out? And how much money are you prepared to lose on that stop loss? In this instance, it's $1,000. All right, I hope that makes sense. Right, that's just a very quick rundown. We've done a lot of work on um explaining these things before in terms of uh risk management. All right, so again guys, also another thing I wanted to mention for those of you that um are trading over here on Coinbase, I'm still holding this trade over here.

32:27 Uh but if you want to claim your bonus, go and activate the rewards over here. Activate the rewards. They're giving up to $275 in rewards. Uh this is for any of you, even if you have a Coinbase account, you can still be affiliated with this, right? So, if you signed up to Coinbase 10 years ago, 5 years ago, 15 years ago, whenever you got a Coinbase account, um it doesn't matter.

32:48 Just come through to this link. They're honoring that for absolutely all of you. You literally come here and you just click sign up and activate rewards. If you already have an account, it's just going to connect that. All right. Um Hardis is putting dots on the screen, which means I have to leave. So, I will see all of you on the next one. Take advantage of the Bitfunded, right guys? First 100 people, you get a free month in Well, I'll see you guys soon. And cheers for now.