CAUTION: Global Markets Might Have One More Leg Down! [Here's What I'm Doing] Transcript, AI Summary & Key Points

00:01 Bitcoin's been bobbing and weaving around that key $80,000 mark, the psychological number. And the question is, can it hold up? Because we are seeing a sell off in broader markets, in global markets, right? What we've seen is a big push up in the energies, specifically within oil because of the geopolitical tensions around the world. And then we saw the South Korean stock market come down with the likes of SKH Heinix and Samsung which make up the majority of that market which caused a lot of fear going into the rest of

00:26 the AI and memory sector dropping those markets and consequently bringing down the US indices right and now since then we've seen another market collapse 20% overnight and that is the Brazilian markets over here. Have a look at that overnight trading. absolutely uh brutal in terms of a draw down over here. So you can see it was at $42.56 and it's dropped almost 20% the overnight trading bring it down into actually key support $3427 and that's got everything to do with the Brazilian president being reelected once again

01:05 and outside investors now obviously bailing out of those positions up here. But is that going to be an opportunity or is it going to cause a a further meltdown in the rest of the markets causing a lot of panic? Right? We're seeing one by one like dominoes each of these markets come down and can Bitcoin hold up. Right? That's what we'll have a look at today specifically as we are sitting around that super key level.

01:26 You can come and vote, right? Make sure that you vote over here in the poll as well. If you think that the bull moon, which is coming up now, right, we've officially printed the bull moon. Do you think it can bounce price? Many of you know exactly what the bull moon is. We have 45% of you saying yes, let's go. 39% saying not even the moon can save the price for Bitcoin and 11% of you, what is the bull moon?

01:47 We'll talk about that. And if you have other thoughts, let me know as well in the comment section. So looking at the Brazilian markets over here, this is pretty interesting. The EWZ, right, which is the Brazil ETF. The reason that's interesting is because Brazil heavily plays into energy and food, right? which is uh one of the things that's been running very very very nicely.

02:07 If you look at things like soybeans and wheat, we've got some killer trades on that as well over the last while. So the question is, is this actually an opportunity? This sell off over here, the shock factor of the president being reelected once again, is this going to present an opportunity? Here's my thoughts. My thoughts on this chart over here is as long as you can gain acceptance above the yellow box which that overnight trading is coming directly into and as long as you don't gain acceptance below that box which

02:32 would look like this multiple weeks of consolidating below 32 then it's probably a back test into key support that will have yes a lot of volatility but probably find support and consolidate around here. Now keep in mind for this trade to play out bullish over time, it will play out over a very very very long time. Right? This is not going to happen overnight.

02:53 In fact, if you have a look over here, the downtrend that's happened in EWZ, right? Happened over the course of 5,152 days, which is absolutely unreal. That's from 2010, from 2010 all the way um up until now where it's recently broken structure over there. So that's one of the charts to look at. Another one if you are playing that uh Brazilian market over here which is a trade that we looked at for quite some time and it was the ascending triangle that was forming with the higher lows and we spoke about the breakout

03:26 that was going to send this thing up almost 80% and so far it's been really bullish right so in fact you've just come back to prices from two weeks ago over here with the overnight trading dropping down to uh just under 22 and this is on the um PBR which is effectively their version of oil right so PBR their version of oil. It's still a breakout over here.

03:46 Higher highs, higher lows, higher highs. And theoretically, anything that holds up over here still has the potential to run towards the target zone. And if you consolidate at that target zone, which is around 30, you could be bringing into play a higher move up towards 40. So that's pretty interesting over there. We'll see what happens as well in the US markets because they had a brutal week last week.

04:07 And the question is, you know, is it oversold enough to start to also put in a bounce alongside the bull moon which has officially come up? Well, let's take a look. If we look over here at the S&P 500, the S&P 500 is definitely in a precarious place because you do have the presence of a um swing failure pattern in the form of the swing high, which we spoke about consolidating at these lows.

04:27 It is pretty tough over here. It has the ability to fall through a bit deeper. Um, and I think that ultimately your safe entry on a long trade over here is to pay the premium, which means you're paying a higher rate, but you have a better confirmation. And that would look something like this. literally waiting for 2% higher. If you can take out 7,811, it can start to reposition back into a risk on environment.

04:49 Otherwise, you should be treating this still as risk off with the potential to drop towards some of these low targets like 73. If we look at QQQ, this being um the NASDAQ and tech sector over here also consolidating at those swing lows, broken the trend line. Um there will be bounces along the way, but at the moment, given this break over here, uh this is likely any bounce is most likely going to fail.

05:11 and you're probably going to see a bit of a deeper drop over there potentially down to about 630. Now, of course, you have to have a line in the sand and an invalidation where you flip back bullish and for me that level would be right over here at 727. If you can start to recapture and reclaim that, that will be the first signs that things are looking good.

05:29 And I feel like we're probably going to have some level of conf uh confluence over here with a key 50% level, which you can see is sitting just above that yellow line that I put into place. So 727 and the 50% level currently remember this is a moving target. If it keeps dropping we have to adjust that but currently that's sitting at 731. So similar to what I just mentioned on the S&P 500 futures ES1 with the exclamation mark the reclaim of that 727 can reposition you back into a riskon mode.

05:59 Otherwise for now it's really looking uh risk off right and this has been part of the trade plan looking for a broader move up. So is this a shakeout or not? Well, pretty much the same thing. Look at QQQ and if QQQ reclaims that level over there at the yellow line, QQQ3 is probably going to be trading up above 423 and that's the risk on signal. Again, you are finding key support at the 200 EMA, which historically you don't spend much time below that, right?

06:24 If you dip below it, you very quickly reclaim in a couple of days and you tend to rally up. The deepest dip that we had was over here in April. Um, and then ultimately that was a V-shaped recovery out of there. So, will we get a deeper throwback? If you do get a deeper throwback, you do have massive support over here on QQQ3. But because this is 3x leverage ETF, it could be dropping as much as 10% whereas QQQ would only drop another 3%.

06:47 Right? So you are going to get a lot more volatility over there. And then um of course we can have a look at MAGS. Mags over here also throwing back into key support. You want to start to find this um support over here around the 70 region and begin to roll out. of course full risk on mode again kicks in if it gets above 7320 right so that's one to look at I'm still um long over here in the form of magex because you do have a lot of support over here so I have the optionality of now I guess adding into this position if

07:17 you break below 55 this is where the whole picture begins to change and this thing could really begin to distribute and fall through and if you look at each of the stocks individually Amazon's coming into key support Google was uh experiencing a bit of draw down right this is getting a little bit uncomfortable in terms of holding this trade because this is your SR flip region.

07:36 So very similar to QQQ3 which is coming into the 200 EMA. This is the do zone. This must bounce over here. Failure to bounce over here means you're going to drop through quite significantly and you are breaking towards the downside of a symmetrical triangle. Remember the symmetrical triangles typically break in alignment with the prior trend. And that's why we're betting on the upside over here because what was the prior trend, right?

07:59 Statistically consolidating into the apex of a triangle where the prior trend has been up. The expectation would be the chances are higher that this will break towards the upside. And this is why you must have a stop in place in the event that this does go wrong and actually starts to break through the bottom side over there. So Apple still holding up as one of the strongest of the lot in terms of the MAG 7s.

08:17 Um looks all fine over there. Nvidia still probably has a little bit further down to go to find support and I think you have a couple of weeks to position into this as this will most likely bob and weave and chop about over here to try and find a base between about 200 and 210. Meta has had a massive massive pump towards the upside. You have to ask yourself what if this is a big fake out right fake out towards the upside.

08:39 If you can't recapture support and more specifically get back above this candle and I'll remove the noise over here by taking off those fibs so we just have one line. Meta must get above 71550. If it can't get above 71550 this could be the possibility of a big fake out and a drop back into the triangle. And if chart patterns fail like that um you know usually you tend to see a strong move in the opposite direction.

09:03 So just be aware of that. Right. Microsoft still holding up over here consolidating at the highs. That's okay. And Tesla also consolidating into the apex of that symmetrical triangle and we awaiting um a decision over here. So quick look at energy before we do go on to the metals over here. Energy is still strong consolidating. Exactly. Look at that.

09:24 Look at that tag. Right. We spoke about this as a potential target into the 1.618 and it's pretty much missed it by like a few cents. Right. So coming directly into that zone. Slight pullback over here. I think that it makes sense to maintain bullish as long as you're above this candle. And this candle came in on Thursday the 22nd. So, as long as XLE is trading above 66, uh I would treat this as still bullish and likely to go higher.

09:48 And now you have oil adding immense pressure, right, with a lot of things lining up in terms of geopolitical tensions within the Middle East, which of course control a lot of the world's oil. And now you're also going to be going into the midterms on the second and third of November. So, it's all playing out where Trump is posturing that, you know, he's not even going to wait for midterms to escalate.

10:08 We have a whole lot of things happening where they're moving key players out of the Middle East like um politicians and things like that. So, it's really really getting tense over here as oil consolidates. We said 120 was the likely target over there, but if you consolidate above here and you break above the white line at 127, you could be looking at a much much much larger breakout over there.

10:28 All right, so let's have a look at the medals. The medals got smashed. We spoke about the sweep of 4,000 over here, right? So, um, very actually we've hit it. We've swept 4,000. That was the level that we're looking at. Let's quickly answer this question over here from Cole. For the newly bit funded $399 amount, how do we enter into Well, you will be emailed, right?

10:48 I think there's only seven spots left for anyone that still wants that. Let's just quickly have a look over here. Um, yes, seven spots. There are seven positions left. For anyone that still wants that, if you go through to the link in the description below over here, um you get a one month free trial in Whail and you're getting 60% off of the Bitfunner challenge.

11:06 It's the largest discount ever done. Uh your total value being unlocked, assuming you take the $399 one is uh $1,187 worth of value. That's the ordinary price, but you're only going to pay $3.99. If you click that link, it's going to open up this page. Click claim the offer and it'll come through to this page where you need to be logged in. And then you can pretty much choose uh if you want to make up to 390.

11:29 So you can choose smaller challenges like for example if you choose the the instant funding on this particular challenge you can you know buy three of those and you'll still be able to claim that offer. So that is for the first seven people 60% off and you can get funded. All right let's quickly move on to gold. So gold consolidating over here at these lows is not going to be a good sign for now.

11:51 You can treat it as a rangebound environment. there is a chance that based on the technical support that's coming into place and it's not strong technical support, but you can see over here this 4,000 region has technical support, you might start to see um some low time frame traders building up longs over here to at least trade this back into the mid-range.

12:08 And I'm treating this as uh ultimately the range high, the range low, and the mid-range pretty much where the breakdown took place. So, you might be running back up to about uh 4,151. Keep that in the back of your mind's eye. Ultimately, as long as you can't get above there and it's just lower highs that keep forming, you're inevitably going to break through and I think that this huge inefficiency that occurred over here where the market rallied very very very quickly towards the upside.

12:32 A lot of this is going to be retrace and you'll probably find gold um at least my target is coming still. This is a longtime target that we've had. 3,300 is back into um this symmetrical triangle that broke price out massively towards the upside. So for gold, that's what we're waiting for over there. We can quickly move on on to silver. What's going on on silver?

12:50 Silver coming deep into the target. We also spoke about that. Most likely going to drop into the 53 zone. Um and yeah, this is where you're looking for support to be found. If it gets really extreme, you could be looking at a move all the way down to 36, but we'll take it one step at a time. Um alongside gold, if it does get the technical buyers stepping in based on that horizontal, you might get a little bit of a a relief rally over here um on silver.

13:15 But overall, the metals have been absolutely decimated. And in fact, you can see platinum officially consolidating at lows, putting in a new swing low. That's bearish, right? It's never bullish to see a candle or candles forming at the lows and then starting to mark down. So, I think that um in terms of a trend, you can see this very simply is towards the downside and platinum is likely to drop towards about 1350.

13:37 So, what does that give you in terms of a percentage? in terms of a percentage, you know, this is going to be dropping almost uh between 12 and 13% before you get that next major support. Um copper still holding up over here because it's so heavily connected to the AI trade, but if AI begins to unwind, uh copper is probably going to do the same thing, you know, for now.

13:58 I don't know. I would be riskoff on this. I I don't see uh in terms of the risk-to-reward ratio of buying copper over here at these highs when the rest of the metals are struggling. But um you know, it's it's your trades as well. It's up to you. In terms of aluminium, aluminium dropping below the 50% level, not a good sign. It really needs a lot of work to be done over here.

14:16 You need to see aluminium getting all the way above 3,156. Basically, looked for the reclaim of the 200 EMA um to start to um position back towards the upside. Otherwise, this is very much a downtrend as well. And I think any little bounces over here probably going to fail to about 3,00 uh 3,100. And then you're likely moving down into the 27 zone over here, which is going to be a massive massive horizontal support.

14:40 And then the one of the worst looking ones over here is palladium, right? Palladium basically dropping all the way back down over here. And this low is coming into question. Are you going to sweep below 883? I think it's very very very possible over there. So um yeah, in terms of the global markets, it is looking pretty rough and tough out there. We must say if Bitcoin can hold above $72,000, you know, you never know, maybe bulls are even strong enough to hold price up and not even get to $72,000.

15:09 But in the face of what's happening geopolitically and globally within the rest of the market, um Bitcoin holding above $72,000 would actually be something pretty bullish over there, right? So something to watch over there as we are coming into the key supports like that golden pocket on Bitcoin, which we'll talk about in a moment, right? So looking at SO XL which is going to be the ETF for the semiconductor sector.

15:33 It actually looks very similar to the metal chart in terms of structure. Big parabolic move up comes down looks promising consolidates into high low puts in a high high and then just bull traps right and down it goes. So this has got a lot of key support that will be coming into play. So hopefully get a bit of a slowdown um coming up soon on that metal se uh se sector right let's just quickly get the right box over here.

15:56 So, if you're looking at this as an absolutely enormous area of horizontal support, this is going to be dropping down to about 55. And then if we look at the memory sector, um the ETF hasn't been around that long. You can see over here it only came about in April 2026. But um you know, consolidating at these lows we spoke about that is never going to be um a good sign, right?

16:17 We got Palenteer. Palanteer still holding up. This actually looks bullish. We said as long as you don't drop below this candle which was Friday the 16th of October um you may as well maintain the long exposure over here and you got this back test um as well that occurred on Friday candle closed green overnight trading still holding up over there. So, Palanteer looks okay for potential continuation.

16:36 And then we got Robin Hood, which is looking worse for where this position has been cut, right? This position has been cut. Um, ultimately, uh, price has dropped below the 200 EMA, losing the 50% level overnight trading also gapping down over there. And you know, this this area, you really don't want to lose this area, which is pretty much where price is consolidating.

16:56 So, it's pretty rough and tough out there for a lot of these markets. Here's MU. I think MU is magnetic down to about 763 likely to drop down into the zone. Uh Intel finding support over here, but already stopped out of this trade at break even. Uh took profits along the way, of course, because we moved almost all the way to the top side. Um and ultimately, you know, you got to give it a bit of time.

17:18 But if SOXL is going to be dropping further, you're probably going to see Intel as well coming a bit deeper to fulfill this gap. If you look to the left hand side, you'll see that none of this has been tested yet. And often times with these big futures gaps, you come back and you'll fill some of that gap up over there. So I think that that's likely to to play out into about 73 um over the next couple of weeks.

17:40 So and then we need to see what what does the health of the market look like and how things repositioning. Even if we look at AMD, which has been one of the strongest, it's pretty much similar in that regard. Huge move up, played out in full in terms of the the targets that we had um because this was a falling wedge over here. So, we're at least targeting up to about um 583.

18:00 Smash that level, but almost a full retrace, which is never a good thing, right? So, a lot of these things are getting smashed. SanDisk as well, one of the top performers. You have to be so careful right now if this starts to drop below that 200 EMA. You know, you're talking about a parabolic move up. Uh look up the Wall Street cheat sheet cheat sheet and then a complacency bounce.

18:20 If this is the complacency bounce, unfortunately, the Wall Street cheat sheet will will tell you what comes next, right? which is anger, panic and depression which would be much much much lower prices over there. So um if you are a sandisk bull just be aware of the other side of the coin and again I always put a line in the sand. How do you flip back bullish?

18:42 It's really simple at minimum start to get back above that yellow line over there which is going to be 1437 and that can start to shift things back up. Right. So looking at Samsung and and SKHix and then we'll go on to the South Korean stock market you know very very very similar exactly the same story. Wall Street cheat sheet. Have a look at that. Big move up, comes down, potential complacency bounce, consolidating under the 200 EMA becomes a dangerous environment where you could play out the next stage which is going

19:12 to be panic um you know or it's usually um uh denial then panic and then depression comes after that. Right? So just be aware of that. Same thing over here. We spoke about the uh you know bull flag that was forming over here started to break down. A lot of key support will be found between 800 and 1,000, but this would be brutal, right, if it does drop that low.

19:35 So, with that being said, let's quickly have a look at the Cosby, that South Korean stock market. And you can see, same thing, uh, signifying that there's a potential still for another 23.38% drop. Consolidating over here means playing out the target in full. You're going to be coming down to about 4,000, right? Just under 4,000 over there. All right.

19:55 And then lastly, the only one that was doing well was the Dow Jones. And we spoke about the significance of that 50% level at 53,000 getting back above. And you can see you rallied just shy of it and rejected. It's not over yet. I would say that you know the Dow Jones really begins to fall to pieces um if you start to break below these candles at about 51828.

20:14 Get below there and this will start to unwind as well. Uh just like the rest of the markets, but still has a chance. Let's see what happens. I think that the safer zone over here to say that bulls are really taking controls. Get above 53,000. That level has remained completely unchanged. So that is your trady markets. I know a lot of you want to know about uh SpaceX.

20:37 I saw the request over there. We should also talk about Nike. So we'll go on to those. SpaceX over here. You know, for the most part just consolidating. If you can consolidate and any pullbacks find support between 130 and 140, it's pretty decent over there. And then we'll have a look at Nike. Here's Nike. Um, let's quickly zoom in and go on the lower time frames.

20:55 I'm looking now in the short term for Nike to back test. Right. So, any little back test over here into the 200 EMA. If you can hold up over there, I think that uh it's worth adding to the longs. Okay. So, Nike um one of the most I don't like using the word oversold because things are usually selling off for a specific reason, but one of the most oversold in terms of the these stocks.

21:18 And then we got over here as well McDonald's which has been grinding its way onwards and upwards starting to recover um and get back above the breakdown area over here. So we'll see if it can if it can start to flip back above 252 you know this thing might might um you know trade much much much high and maybe the worst is over over there on McDonald's.

21:36 And then last last thing before we go on to Bitcoin what we what we need to look at over here is the yields 10 year 30-year pretty much back testing into support. So, we need to give it a bit more time, but um potential bounce zone over here coming into play on those yields. All right, DXY as well coming into the key zone. We're looking for sure it could be as shallow as uh where current price action is and it could go in my opinion as deep down as the yellow line over at about 100.53.

22:03 So, if it holds this uh you are looking at that high low. For any of you, by the way, that want to trade these things. These markets are all listed over here on variational omni. So you can see over here you got all the trady things. You got the commodities, the equities, you got preipo stocks that are coming out, indices, ETFs, forex pairs, AIS, memes, infrastructure plays, you got all of crypto, you got tradi, you got absolutely everything.

22:28 It's a huge amount. The reason that I'm bringing your attention to this is because uh we almost at the end of October, which means there's two months left for the year. That's eight weeks. and they have made it clear that they're going to be releasing their token, the Omni token, which we expecting to be relatively bullish based on what the pre-market points are worth.

22:45 They showing a very similar trajectory to what Hyperlid did in terms of um you know growth, usability. They've overtaken lighter completely in terms of volumes and things. So you can go and have a look over here. If you go to um is it under the reward sector here markets, you can have a look over here in terms of their volumes. Massive massive volumes.

23:06 point is that the time is running out, right? So, if you are looking to capitalize on those last bit of points, go through to the link below. You'll see over here it says omni dupes. Type that in. When you click that link, type in omni dupes because it's going to entitle you to another 15% points boost. So, any trades that you are taking, if you're taking it even on another exchange, you may as well allocate some capital onto variational omni and double down, take the same trade over there, um manage it and capitalize

23:33 on those points. Right? So, those points were fetching for, if I'm not mistaken, I think it was as high as like $30 to $40, right? 30 to $40 on the pre-market. Remember, they allocate you the points weekly. So, if you go through over here and we go to the points, there you go. 3 days left to go. So, you'll get your points every week. And, um, uh, basically the way that it goes is if you sell those on the pre-market, uh, it will be locked into a contract, the the people's capital will also be locked into the contract

24:02 address. And then ultimately at when the tokens come out, they'll receive the tokens and you'll receive the money for selling the tokens. Right? So that's one way to handle it. All right, let's move on. Let's have a look at crypto very very very quickly. I don't think there's that much to say about crypto. There's two main things that are going on. Uh one is on the weekly chart.

24:20 The second one is on the daily chart relative to the Ballinger band. So those are the two main things that I'm looking at. But in terms of the long to short ratio, relatively balanced. We're still in neutral territory on the fee and greed index. funding is still pretty much normal how we usually see it. uh liquidations have dropped off a lot over obviously because it was the weekend, it was Sunday and then of course we have the daily exchange volume absolutely fighting for its life over here to defend that 25 to30

24:45 billion mark which we've said is so important right so um ultimately don't want this chart to distribute now if this begins to distribute drop down and take out these lows at 16 billion that's going to be maximum pain right max max pain at least for the bulls maybe not for the bears but for the bulls that would be max pain scenario As you can see over here, this is really really the zone where you want to start to see that higher low form on not only price action in in that 72 uh to pretty much current price levels

25:15 between 72 and 79K. If you can form that higher low and the volume can start to tick up over here, meaning optimistic bulls are coming back to the market looking to bid the first higher low and we're starting to flip the trends back up. That will be a relatively good thing combined and paired up with the ETF inflows picking up as well which have mostly been pretty brutal.

25:37 If you have a look over here, um, one of the biggest days of ETF inflows, similar to every other time, has so far marked the local top over there, right? So there it is. Highest ETF inflows a couple of days later, you mark the current top and you've started to distribute. So we can look for the big sell-offs as well. The same is true, right? If we see the biggest weekly outflows on the ETFs, you can start to look for the local bottoms.

25:59 We haven't quite got there yet. This is uh it has been significant in terms of the outflow, but it's not it's not as bad as where we find those those local lows, right? So, there's a couple of things that need to take place. We need the USDT dominance to have one more spike up. This would be crystal clear and clean if you can spike up into 7.56 and reject.

26:18 So, you can see over here right now you do have that stocastic RSI really starting to reach. So, we can start to see this on the 5day time frame roll over and hopefully you get that rejection off of these EMAs and that inefficiency candle or the uh inverse fair value gap. It starts to roll over. That would be a good sign. That should be confluent then with Bitcoin pulling back into anywhere around this zone, right?

26:41 So, you know, the key zone, the the most key zone would be around that 72k zone because that is confluent with your 21 EMA coming down, right? So you might sweep that 21 EMA, but as long as you're closing above it, it's a good sign. It's got your anchored VWAP and it's got your key 50% level in play. If it gets a little bit more extreme, you got your golden pocket just below that at 68.

27:01 But if you do go as low as 68, you really don't want to spend a lot of time there, right? You want that thing absorbed within 24 hours of touching that level. Potentially even less, potentially even hours, right? So you're looking for sharp move down immediate reaction and then you need to start to round out to form your first macro high low. The only problem that we have over here is you do have the momentum oscillators rolling over and they have a lot of space towards the downside.

27:28 Right? So sure this can easily turn back up and give another green dot which would be bullish. Um something to pay attention to but that's what your weeklyies look like. Let's quickly see the dailies. Dailies are coming down. So this is a good sign confluent with the bull moon which is in place. You can see over here this is really beginning to reach.

27:43 So it has the ability to pump back up. So very similar to last week we spoke about the um you know uh there there's no confidence over here between the weeklies and the daily. There's not much confidence. Weeklys are showing down looks terrible. Dailies are showing promise especially when you line that up with the uh bull moon. Right? So here's your bull moon.

28:01 Your bull moon has just printed. We'll get to that in a moment. The next chart that I want to have a look at of significance is the Ballinger band with percentile and the Ballinger bands over here which has been marking a significant range low and you can see you are attempting to hold that. So your volatility is beginning to expand. We spoke about the significance of this.

28:20 If you cross back above the 10 percentile mark which is your green line, this is a signal to say that the move is happening right coming off low volatility getting back above it says hey you know what the move is happening. we expanding and you should expect something large to take place. Often times we can find that um this can recontract, right? So there is a possibility that if you can hold this, you know, this might squeeze back down, contract the volatility once again and then you could build up that momentum to

28:50 still possibly run it for the upside. So I'm open-minded to that alongside the bull moon which was recently printed. But I think that it's really about recapturing and reclaiming certain key levels to position back into safety. We said if you want to keep it as simple as possible, this is ultimately a range high to resistance area and anything below that is truly a riskoff signal with the potential to drop down to that mid-range.

29:13 So until such time as price can get back meaningfully and gain acceptance above here to round this out, you have to treat it as a riskoff environment. You're below the 50 EMA. we've officially lost it. And that's the level to reclaim, right? Get back above effectively, ideally get back above about 82,600. That would start to make things look a little bit more promising.

29:34 And we spoke about that that um when we had the promise of pushing up over here and that candle engulfed it, that was not a good sign, right? Okay. So, that's something to pay attention to over here. Um you know, volatility hasn't fully expanded yet, but it's starting to. Let's keep an eye out on that. And if you do expand towards the downside, this is the support levels that must hold over here.

29:54 Trend line at 70,000 200 EMA which is coming in or at um 73 and 200 MA coming in at 76 over there. Right. So th those are going to be clusters of support. 24hour uh liquidation levels not too high low volatility. It was a weekend so expected. Let's see the weekly over here. How does the weekly look? Also not clear, right? Not much going on over here.

30:20 It's pretty uh pretty bland, right? So, let's see if this unfolds over the course of the rest of this week. Okay, amazing. So, let me know in the comments what else you want to have a look at. We can look at things like ETH as well for um a little bit of guidance in terms of where things are maybe going next. So, ETH is starting to break that trend line.

30:36 You're really consolidating below. You've started to open your first candle underneath that trend line and that opens up the possibility to drop now into this um you know large candle over here. And this this is the going to be the interesting part, right? Will bulls step in or not? Theoretically, this is the key area where you must start to see that high low form, right?

30:55 So any throwback into there, we want 2,00 to 2,100 to be brought up. This is where you want the bulls to step in and print that high low. So I think you have a little bit more time over there. Other coins, what about, you know, Monero is one of the strongest trading coins over here as it's still holding up. Let's quickly see what the weekly looks like.

31:13 Lot of sell pressure on the weekly. you know, theoretically have a bit of a gap fill that's taken place. We often speak about that when you have um you know, a candle that looks like this. You often times going to come back and test more or less where that 50% level is which you've come close to. So, just pay attention on the weekly. The dailies are still holding up.

31:32 Uh it is higher highs and higher lows. So, you know, I wouldn't panic just yet. Okay. Uh Zcash also holding on holding on over here to the 50% level. It has broken that downtrend. Very similar to Bitcoin. It's do or die. This thing does need to start to move ASAP. But again, you can go on to the momentum oscillators where you're going to get a lot of disagreement between the dailies and the weeklies, right?

31:53 Weeklys are coming down. Dailies over here printing a green dot. Actually, what about Monero? Weeklys are red dotting over here. Daily also coming down. So, you have a bit of confluence over here that bears are wanting to take a bit of control. Right? Let's have a look at the next one, which is pump. Let's quickly check the weekly. So, the weekly looks terrible, right?

32:12 But if you have a look at this chart on the weekly, look at that rejection last week. This is pretty brutal. The fact that bulls could close this green was u you know pretty impressive actually because there's a lot of downside momentum. What does the daily look like? Daily is also still coming down. So I would definitely be very very very careful on uh pump uh before getting too bullish on this and waiting for price to at least build a bit more momentum and and recapture some key levels.

32:37 I will remind you that you've broken the ultimate trend. So there you go. You can see over there that trend line has broken. What that means is it's likely to pull back at least down into uh the range breakout area which is going to be last four digits 3411. 3411. That's the area to watch over here for a potential back test. And then AA's holding on right is holding on.

32:58 I do still have my bids layered down towards I think it's like 56 or 58 somewhere in that region. I don't even think that we're going to get that full unless Bitcoin drops to 72K. So ultimately what this means is you've probably got selling exhaustion on ASA and the rest is going to be reaccumulation from this point onwards hopefully. All right. Uh FET FET has also broken down some key levels.

33:20 Losing the golden pocket. We said you don't really want that to take place. The key level to hold and not break below is the order block that broke price up over here. So you're getting dangerously close, right? That's coming in at about uh 16675. 16675. So, it's not looking good um over there. And then we got over here as well the rejection on Salana.

33:41 You know, I would just sit on my hands and not do anything on Salana until such time as you have more information. For now, that new information means get a get it up to about 110. 110 would start to make things look pretty good again. But, um yeah, until then, there's nothing else to do on this one. Uh Suie or also also breaking down, right? We spoke about how we wanted the 50% level to hold.

34:04 It hasn't. So, you're probably going to pull back into the breakout area over here. This was your previous range uh zone over here. You can see support, support, support, resistance, resistance, resistance, and I think ultimately 8383 is going to be the level to watch. Okay, that is on Suie Sonic. Let's have a look at Sonic. Big bull trap over there.

34:26 Given all of that up, you know, if this comes all the way back down here, it's pretty bearish. If you start to break below that 3699, really bearish. Ultimately, I think this is going to be a draw uh down just sub 40 sub 40 cents over there. I think it's likely on uh Sonic Ono. Okay, we can have a look at Ono. I think Ono looked as well um pretty bad, right?

34:45 Pretty bad. It was giving up a lot over here. So, we gave the long trade. Your stops are moved to break even. You could have almost taken at least two/3 profit on this trade uh just by the way, but you've broken below the golden pocket, which is not a good sign. So, really all that you can do right now is have a look at the trend line coming into play.

35:02 Um and you need some sort of rounding out from Bitcoin to get that rounding out on on again. I think sit on your hands. Nothing to do over here unless you find a bit of support finding which uh a bit of support developing which means you have time. There's no rush. No rush on this one over here. Okay. Um what else? What else? Let me know in the comments guys.

35:24 We've done Aster. We've done Aster. A's reaccumulating at least in my books. Uh not much else to comment on AA. How's Nia doing? Okay. NA is still holding up, right? But you've started to lose what we spoke about. We spoke about how sometimes it can be insanely bullish if you've had a large move up and you kind of create like this up trending bull flag, right?

35:45 Like this this parallel channel towards the upside, horizontal or excuse me, diagonals towards the upside. You're holding that diagonal, but you've now broken that. So just be aware you have broken that. So what do you do next? You look towards the key fibs. We can look at the 0.382 and the 50% level as um the first two targets. And you've tagged the 0.382.

36:05 The 50% is at 383. This is going to be risk on when the rest of the M market goes risk on. If NEA can hold up over here, um you know, then if the market does go risk on, this thing should take off. All righty. Bloom Energy. We can have a look at Bloom Energy is getting decimated. Um let's have a look. I think that trade is probably out uh in terms of the stop loss.

36:28 Bam. Yeah, straight through. Unfortunately, straight through over there. Coming into key support though, you have the 50% level in place, but tricky. I don't know. Did Nancy Pelosi sell? She was the one that obviously gave us the tipple for this trade over here to get into it initially and we had a nice move up. She's definitely at a loss if she's still in because we got an earlier entry than her, but um yeah, pretty significant level.

36:51 You definitely you want to see that reaccumulation around here. You do have a bit of um horizontal support coming in just below there. So you got this region over here just below that 50% level. I mean is that not where your overnight trading is anyway? Your overnight trading is yeah 189. So you're pretty much in that zone right now. You you need to see this thing starting to find support over here if it's got any hope of bouncing.

37:11 Okay. That is for Bloom Energy. Um all right. So isn't it crazy guys? It's not only crypto. That's why I say when you when you consider like all things considered, right? Let's talk about Bloom Energy from high to low 37%. Brutal, right? 37%. Let's have a look at some of these others. What about What about Google from high to low? Let's have a look at this one.

37:34 From Google from high to low, 21%. So, we have like in the 20 to 40% region. What about Bitcoin from high to low? Bitcoin from high to low 8.56%. You know, theoretically that's a lot of relative strength. Okay. a lot of relative strength if other markets that are trad another thing to consider is that this RSI is downtrending for now. We did speak about it.

37:57 We said you got this descending triangle over here that's forming. So what we've hit into this so many times you're likely to see that dip down. It's happened. Now in order to get that RSI back up, you need Bitcoin above 81,100. If you hit $81,100, that RSI will flip back up. Remember that level changes every day. So that's where I pose the question.

38:17 Can the bull moon do it? I don't know. I don't have the I don't have a crystal ball, right? Um, you know, can it do it? Well, it's holding uh over here. It's holding the low boundary of the Ballinger bands. Lower boundary is holding over here. You know, theoretically, if you want a uh a long trade, you could be looking at this as a swing failure pattern of the range cuz remember we marked out the orange levels as the range.

38:42 So here's your range low 79676 and here's your range high 87397. So theoretically if you have a swing failure at the range low usually you're going to go long until the mid-range and then if you reclaim the mid-range you could see a move up to the high. And this is what we labeled as liquidity right for the taking. So could something like this happen?

39:04 Absolutely it's possible. All right. You got to be prepared for anything that is going to be pending whether the US markets bounce. This is the whole playbook that everybody's so uncertain about because Trump has postured that he's not even waiting for after midterms and he's going to blow Iran to smitherreens. Right? That's that's what they're saying.

39:24 So people are freaking out that that could be coming up now in during this week. That's one side. On the other side is what happens if he repositions and says we have a deal right now. Suddenly they start to try and pump markets right into the midterms to get people excited and in the space of a week they have the NASDAQ and things like that trading back to new all-time highs.

39:46 Of course that means Bitcoin is probably trading at 88K. All right. So that's why as a trader in these uncertain times you have to have a plan for both directions, right? That is a possibility. swing failure pattern at the range low and then expansion takes place to take it back to the range high. So, I do I I know Ed's asking where's the crystal ball.

40:06 Unfortunately, I've never had one. I really wish that I could find one. And if you do have an Amazon link for me that can get me one, please do let me know. Drop it in the chat. I would love to have a crystal ball. All righty. And he's also bribing the US with 5K. Says integrity by design. Right. If he wins, everyone gets 5K. Okay, all all US voters get 5K, which is some nice stimuli stimulus checks, right, for the rest of the market.

40:34 I doubt that will ever happen, but let's see. Is this Look at this. Look at this. Trump, what happened to Trump's face over here in this comment section? Give me my STEMI, right? Give me my STEMI. All right, guys. For those of you that do want to speculate, by the way, you want to speculate on what is going to happen with the geopolitics as well as what's going to happen with um the midterms and things like that.

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41:17 If you sign up using that link, uh you'll be entered into a draw. You trade $50. You literally straight away get $25. That's a 50% return on investment immediately. And they you entered into the draw for potentially uh a 10x return, which would take you to $500, right? Guaranteed 50 potential,000% return over there. All right. So, for those of you that want to take advantage, that link is below.

41:41 And then I will end off with letting you guys know seven spots available. Right. So, it's first come, first serve. Uh, if you're not in the seven, you do still get the 60% off. This ends today, by the way. So, if you are a bit funed trader, if you're trading for uh prop firm money and you're looking to trade with other people's money, this is the last day on the 60% off sale.

42:01 Uh, I think I heard they're ending at I think it's 5 p.m. in Dubai time. I'm based in Dubai, so is Bitfunded. They're also based in Dubai. That is around the US market open. So, if you're watching this after the US market open, the 60% may be gone. All right, and that's it. I'll see all of you guys on the next one. I hope all of you have an absolutely beautiful day and we will chat again tomorrow. Cheers for now.