CRITICAL: Major Market Crash Triggered! [How Much Lower?] Transcript, AI Summary & Key Points

00:02 We've seen some big liquidations across the board, not only in the crypto markets, but definitely definitely in the stock markets as those have taken out some critical levels, some super key levels. A lot of the AI things are starting to uh pretty much tank towards the downside over there. So, we can see over here a lot of red across the board. These are big numbers, right?

00:19 If you're looking at the stock market on the weeklys, some of them pushing double digits, right? SanDisk down 10%, Meta almost 12%, Intel over 10%, so some double-digit losses on the week over there and consequently of course taking down some of crypto with it and Bitcoin has given up a lot of the gains and broken below the 50 EMA on the daily time frame.

00:40 So the question is how much lower will it go, right? Because that level being lost means that you basically need to reclaim yesterday's high uh the candle that broke things down. you need to get back above that to start to position things back into strength. Otherwise, bears remain in control, right? So, we'll see if they can get things back into play.

00:58 If you are a trend trader, I'm sure that you're getting absolutely rinsed in this market. I know that it's definitely um been difficult to trade. So, just stick in there, right, and wait for the the correct conditions. That's a lot of what this game is about is positioning yourself um when it's in easy mode and not when it's in hard mode. So I'll ask you guys the question over here in terms of your exposure and you can come and vote what percentage long are you across all markets again that can be in bitcoin real

01:28 estate uh that can be in um of course uh the stock market uh what percentage long are you we have 27% of you more than 80% exposed or long to the market 50 to 80% exposed or long is 15% of you so a smaller amount and then 11% of you voted for 25 to 49% and actually a large amount the majority ity are less than 25% long and mostly in a cash position, which means that you're probably incentivized for those majority wanting the price to of course come down, right?

01:59 You're probably looking for a deeper dip over here on Bitcoin. Now, if the stock market does go down and Bitcoin can hold up above some of these key levels, that will be really bullish. By key levels, we mean call it 68 to $72,000 as the sweet spot, which we've been focusing on for quite some time. Um, of course, we look at as well Bitcoin as the lower risk positioning for the broader market.

02:19 I know there's a lot of altcoin requests and things that you guys um are even posting right now as the stream is live over here. These are coming with massive amounts of risk, but we can of course still look at those. But first, we need to go through what's happening in the markets, the trady sector, because the 10-year yield and 30-year yield are still bullish, right?

02:40 Despite the pullback over here, you're now officially getting a throwback into this key level. And whenever we're getting a bit of a pullback, I always want to mark out some of those key fibers. So, in terms of our fib retracement, just going from the low to the high. Well, you can see that 0.382 and the 50% level is always going to be an area of interest for if this does continue to drop.

03:01 You expect that higher low to form. between the 0.382 and the 50% level. More specifically in strong trending moves, it's going to be around that 0.382 which is coming in at 4.8%. Um, so even though this is pulled back pretty significantly, you do have a lot of key supports coming into play. And then we have over here on the 10ear yield also throwing back into the breakout area and this could still definitely climb all the way up to 6.65% over time.

03:29 So, we said we won't look at this too often, but mostly just when relevant, when it's coming towards key areas, which right now it is. It's on its way down into this key area. You're probably going to find a bit of a bounce in the coming days over here on the yields, right? 10ear 30-year yield. And then we can look at the stock market specifically. The Dow Jones is the only one that's been pretty strong, mounting its attack now, attempting to reclaim that 50% level.

03:53 And then the S&P 500 has been struggling right now. This is something we probably have to take quite seriously. Although you have the major pivot level coming in around 8,000 which has connected all those previous highs um you know for a very long time ever since this candle over here which was in July 2024. You can see um basically just I guess bots and algos kick in every time you hit that trend line over there.

04:17 So could you have one more spike up? It is possible. But what I would say is that you want to consider this um as significant when prices are starting to come down. So prices are coming down off of good news. What is the good news? Well, okay, it's not all good news because you can argue that some of this coming down is due to geopolitical tensions rising.

04:37 But in the sense of earnings reports, there's been a lot of earnings that's come out and most of the things are beating. So therefore, that is good news. And what do you have over here? Well, this is a swing failure pattern, right? In the sense that you've had uh higher lows and higher highs, higher lows and higher highs, higher lows and higher highs and you swing failed, right?

04:57 Price has come down and now for the first time you've taken that level out as all. So, not only do you have a swing failure pattern that's occurred over here with this candle breaking down at 7,800, but you also have uh officially on a closing basis, not yet on a week basis, but on a closing basis, you have a lower low. So officially you have a lower low.

05:17 These candles hanging out over here um does add a lot of risk that the S&P 500 could fall lower. And pretty much what you're going to be looking for is at minimum you want to start to see and I'll price label the level because then you can just mark off the same thing on your chart. And I say this is the minimum criteria is to get back bullish. You want to see price above 7,811 because that will take out this breakdown area.

05:40 And it's going to be very similar to Bitcoin. It's yesterday's candle high, right? Approximately yesterday's candle high. This is going to be the levels to reclaim to get things back bullish once again and to start to establish some more strength within the market. Otherwise, this is very much a more riskoff environment. So, if we go to QQQ, well, we broke the trend line over there.

06:01 It's pretty much exactly the same thing. Um, you know, you can say swing failure pattern in play over there, swinging into the highs, failing with a swing high, and coming back down, taking out some of these lows. So you're starting to create low lows for the first time which is a potential for a trend reversal but there is a lot of support over here right so there will be bounces along the way we have QQQ3 which is one of my positions that I have where I now need to make a real decision um you know do I hold do I add

06:26 to the position as it comes down to reduce the average entry or do I simply just cut over here more or less at break even right Mags is still up so MAGS has been performing relatively well compared I'm not saying it's doing phenomenally but relatively compared to the rest of them which are creating new swing lows. This is still holding the breakout area and the trade is still in profit.

06:47 I do have stops moved to break even. No need to risk it on this particular trade. So I will be de-risking if it comes down below that level. I'll reevaluate and look for a new entry. Um as a lot of the market is going risk off over here. So that is what's happening in the trades and then you can go through each trade independently. Amazon is still holding up over here.

07:08 Again, I don't think there's any need to take on additional risk. You can always minimize your risk by moving your stops to break even. Google's down on this trade over here, but this is now the critical line in the sand. This is going to be the horizontal area previous SR flip. And ultimately, you want to see Google starting to find some support soon.

07:26 And then we have Apple, which is actually holding up one of the best, consolidating at those highs. You know, the if you were to not consider any of the other things going on in the stock market, but only independently analyze the Apple chart, this is theoretically still bullish. You consolidating at the highs over there, right? Which is which is a good thing.

07:46 Nvidia over here has come down pre-market or overnight trading attempting to find things um back towards the upside over there. But I think that this will probably do a deeper drop alongside the rest of the market. And then you have meta, which is now thrown back into the 200 EMA, breaking back into the triangle. So, if you're bullish on Meta, you definitely want to see Meta start to bounce out of here because a deviation or fail of a big breakout of a symmetrical triangle often times means a massive reversal in the

08:13 opposite direction. Microsoft still holding up pretty strong, trading near those highs and Tesla um is also just consolidating and squeezing into the apex of that triangle. And I believe that we saw quite a big uh drop off over here on SpaceX, right? So, down 9% over there. SpaceX down 9%. Remember for SpaceX the best thing is to probably just dollar cost average over time um since it it only IPOed very very very recently.

08:38 A lot of hype a lot of um unlocks coming onto the market in the form of the stocks uh being released to early investors. And then we got Nike. Can you believe it? Nike doing one of the best. You had the back test into key support over there. It held it up. Had a big move up overnight trading slightly down. So this is one of the positions that I am up on.

08:57 Um, you know, it's still got a lot of work to do to really begin to shift this trend. But nevertheless, it's it's one of the trades that we basically bought the pico bottom over here as you were deviating into that level and we looked at more than an 80% draw down and we're looking at this as a falling wedge and a little bit of relief maybe at least towards the 200 EMA.

09:17 So, a little bit of a technical bounce coming into play over there. Um, still holding this trade out. So, um, a lot to look at over here. If we look at the also the DXY, we're throwing back into that support starting to bounce over here. So DXY is probably going to continue towards the upside. Um and I think that really it's all eyes on what's happening in the major markets, the stock markets, this is trillions and trillions of dollars with each candle that comes down.

09:41 And um other markets are also not doing too great. Right? If we go and have a look uh specifically at the um where's our South Korean stock market over here, the Cosby, right? If we look at the Cosby, a little bit of a bounce today, but consolidating at those lows. This increases drastically the chances that this is going to begin to fall through into the pink box over here.

10:02 So, if that drops through, it's going to affect the AI trade. The AI trade is already starting to unwind. Oh my gosh, look at that. 20% down on the semiconductor ETF. That is absolutely brutal. I know it doesn't look much in terms of a candle because these are such big moves. But if you look at the right hand margin, 20.47%. This is brutal. If it was in Bitcoin, everyone would be losing their mind and crying.

10:26 So, can you imagine what these traders are doing when you see a drop of over 20%, right? Absolutely brutal over there. This thing is in freef fall. If we look at the memory um ETF over here, which is also part of that AI trade um you know, still hovering around here, very similar to the Cosby, the South Korean stock market hovering around here means it's probably going to take out this low and you could see um a bigger drop.

10:50 Right now, let's talk about Palanteer because this is one of the trades that we still long on and theoretically it is also still bullish. And I say that similar to Apple, if you were to just, you know, ignore every other chart that's out there and just look at these independently, well, this is a bullish trade. And I think it makes sense to still hold this trade and keep the stop loss nice and tight underneath the low of Friday.

11:11 So, if you took this trade with me, uh, that's pretty much what I'll be doing over there. I'm going to continue to hold this. We'll manage some of these trades. Um today I've I I I would be closing out by the way and I did this uh part of the trades that we had on two but I closed out um MU no need to hold this too super risky over there. We're still in profit.

11:29 Intel closed out on that one as well. And anything else that we may have given in terms of like you know AMD SanDisk this is all part of those other sectors right if you look over here as well Samsung consolidating around those lows. Yeah SKH highex pretty much breaking down. We did warn of this when it was happening at the top side over here. So these these are trades to effectively be risk off on until such time as more stability develops in the form of a trading range and a rounding out over there.

11:56 So I know there's requests as well around some of the other ones. You're asking for things like what about the energy sector? Um energy been mostly strong. Surprisingly Bloom Energy is getting smacked despite the rest of energy bouncing. Stops are moved to break even. I told whale room members this yesterday when we had our live session. Um, even though you're at key support, so close to stopping me out cuz my stops are at break even over here.

12:20 But nevertheless, um, I'm still in the trade, right? It it's pretty simple. I have a hard stop loss over there exactly as per this ris riskto-reward tool. If it comes down below there, I'm out and I'll reassess. And bulls really need to do something over here. If they want to get back into strength for Bloom Energy, I would say at minimum get above 241 to start to shift things up over here.

12:40 Um, we can look at at oil as well. continues to grind and of course this is part of the geopolitical instability that's going on within the market. The crazy thing is if this breaks out of this trading range and reclaims the top white line over here at 128, this is a massive range breakout that could send this thing into price discovery, right? So um energy is definitely somewhere to have some level of exposure as you see XLE which is the energy ETF.

13:05 It just continues to melt faces towards the upside and it's one of the strongest charts that's out there. So given what you're seeing in the trady markets, there's still some level of hope when it comes to Bitcoin, which is still just stuck in a trading range. Although it's coming down, yesterday's candle's pretty bad. If you're going to be risk off in the rest of the market, you want to reclaim.

13:25 And I'll change the color so we don't have too many colors um or confusion over here. Let's make this one. Let's go with a nice uh 4 yellow level. Right? That's the level to reclaim. I would say if you want to get back into a risk-on mode on crypto, Bitcoin needs to get above 84,300. Yesterday's candle was quite damaging and this is um more likely to now break through the bottom side of the trading range and correct down to 68 to $72,000.

13:53 All right, quick mention before we do carry on. For those of you that um have been taking advantage of the Bitfunded Whale room special, which is basically where you uh purchase, you know, $399 or more worth of Bitfunded accounts. So, if you want to pair 250K accounts or you want to pair three of these, you can do that or you can just purchase the expert one.

14:14 60% off. Um, I believe that 2/3 of you, so 60 something% of you have already taken on the special because we only have 28 spots left. So it was for the first 100 people that purchased one of those Bitfunner challenges with their biggest special that they've ever done. It's 60% off. You'll get a free month in Whim, right? Even if you're a Whale room member already and you've paid your subscription, we'll just add on, right?

14:40 You'll be contacted. We'll contact you directly based on your email address that you sign up with. will reach out to you. So just check that bitf funed email that you use and we will credit you um or provide you with a free month and the login details for whail room. So if you want to take advantage of that last 28 spots available, we'll see what happens on Monday.

14:59 Uh because this is a Friday video and a lot of people watch over the weekend. If this rolls over into Monday and you go over the limit, we will maybe honor it, right? So let's just see because so far at this rate you you guys have been doing about 30 per day. So, 28 spots left. Purchase the expert challenge. One step or two step. Basically, criteria is $3.99 and you are unlocking over $1,200 worth of value for the price of $399.

15:25 All right, so that is over there for you. Remember, if you pass the challenge, you're trading with um up to $100,000 of capital. Okay, amazing. All right, let's move on. So, in terms of the trades, right, in terms of the trades, this is on two bit. Um, we have the Apple long since Apple's one of the strongest trades that's out there. I'm going to just continue to hold this position.

15:45 All right, we don't need to rate that right now. McDonald's short trade is on the table as well and the stops have been moved to break even. You can see over here because we said on McDonald's, if McDonald's comes into um, let's just quickly see over here. I've actually left the stop way higher, but I mean McDonald's is starting to recover the level that we spoke about yesterday.

16:06 So, let's just quickly go to McDonald's specifically on this chart because it will give us a bit um more accurate, better insight. All right, there this is the level. This is the level. So, McDonald's is starting to reclaim this level. This means that you know that could be a major low. Now, you need to be on the lookout for any pullback into a potential higher low, right?

16:25 This is something that you want to consider. All right, any pullback into a high low over there is a possibility that McDonald's's worst is over. We'll keep an eye on it. We were short on McDonald's. We took 50% profit when we're about halfway through the trade and we rolled that through into a different trade. I can't even remember which one, but we said that the reclaim of this level, this is your bearish order block if you look on the hourly time frame that led to the breakdown.

16:48 And we said if this does start to get back above it, it may be worth cutting the rest of the position. Do I do it now? Do I just cut the position? I mean, we got the stops at break even. I think I'm just going to leave it. I'm going to leave this trade on. There is still some profits over there. For those of you took the same trade, you're still 40% up.

17:04 If you want to take some of those profits off, I mean, by all means, go for it. And then in terms of the grid trades, as mentioned, I've eliminated some of the risk in the form of like things like uh Micron Technologies, Intel. I close those in profit still. Now, we need to manage the losing trades, right? So, what do we do with the losing trades? Robin Hood is one of the losing trades and um I would expect that there will be some sort of a bounce that will move it back into break even.

17:30 This is pretty much bad trade management on my part to be honest with you guys because that trade at one point on um Robin Hood where we're up like I think over a 100% on that position and now we've turned a winning position into a losing position. What a right? What a This is this is part of when you have too many trades on the table. This is why I say that it's worth having only a handful of trades that you actively manage and track.

17:56 This trade was doing beautifully. We're up halfway through this. I think I did take partial profits, but obviously not enough. The trades now sitting at a loss. We are consolidating underneath this trend line, which means it could break down in a big way. I'm going to give it a bit more time, right? I'm going to give it a little bit more time, but um theoretically, you don't want to you don't want to ride a losing trade.

18:16 This is down 20%. Do I just cut it? It's $1,800. Remember, this is over $100,000 account um especially with the profits. So, you know, as a percentage of the total amount, it's nothing. It's not It's like barely uh 2% of the account. QQQ I'm going to leave on the table. This one is still It's still there. I'm not expecting that CQ will necessarily just suddenly drop another 10 20% without first putting in a bit of a bounce.

18:44 So, we'll leave that one. Uh Bloom Energy stops out break even. We're in profit on this trade. I'll leave it as is. What do we do with Amazon? That's the question. Let's go through to the Amazon trade um and just see exactly how to manage this. Look, I entered into the second trade late. I think I'm going to cut this position and the reason why is just to reduce risk.

19:03 There is also these double bottoms over here which becomes liquidity right for the taking. So, I don't know if I want to uh hold the Amazon trade. So, I might reduce the risk by taking this one out. It's only, you know, it's a smaller position, $360 loss. Like, it it is what it is. Whatever. Um, Google, I'm going to leave a little bit longer. All right, so that's what I'm doing with those trades.

19:26 For those of you that are already on Two Bit, if you haven't come and spun the wheel, uh, give it a go. Right, it's all linked below two bit. So, if you go to Two Bit over there, you can come spin the wheel. Maybe you'll find yourself with a iPhone Duo giveaway. So, you can put your profits on the one side and the losses on the other side. They call it the traders machine, right?

19:42 The trading phone. So, if you want to if you want to use the trading phone, come and spin the wheel. you can win $1,000, an iPhone duo, $50, $25, $10, $100, and then obviously there is scenarios where you won't win anything. So, um, for anyone that has a two-bit account, you can do that. If you don't have a two-bit account, they are still offering, how much is this?

20:02 $30,000 signup bonus. It's a 10% deposit rebate. All right, so you can go and check that out over there. Let's move on onto crypto. I just want to do a big refresh. Also, by the way, guys, if you didn't hear all the drama around the um you know, how AI is advancing and the potential to get hacked and blah blah blah. It's it's a big thing this week, um you can go on crypto, Twitter, or X and and you'll probably find more about that.

20:26 Just be careful with any websites that you're using. You know, maybe don't log on to like your big accounts if you have a lot of money somewhere online. Uh there's a whole thing where there's basically these IPA uh or or API keys and um unique codes and stuff that have been leaked. All right, so just be careful. I'm not a dev, but go and look into it for yourself.

20:49 So the market is pretty skewed, right? Bitcoin's pretty skewed over here in terms of the short side. -3.7%. It's it's getting there. It's not too extreme. Usually we look for a counter trade to the masses when this is around 10%. So 3% will probably rebalance at some point, but I don't think it's anything too much to write home about. Uh long to short or excuse me, in terms of liquidations, we have mostly longs getting taken out, right?

21:16 Almost 400 million. Volatility is still low and that's actually supported by this. The fact that after big moves like we saw yesterday in the stock market, we haven't even got a billion dollars in liquidations just shows the lack of market participation right now. And that's supported as well by the daily exchange volume still hovering around this area.

21:36 So um a lot of work to do by the bulls. I think that reclaiming this level is going to be the most important thing which is yesterday's candle high as we do see the compression right. So again compression daily is actually starting to expand over here. You can see on the Ballinger band with percentile a bit a bit of lift off right. So once this liftoff confirms above the green line that's your 10 percentile mark.

21:57 If you start to close daily candles and this uh momentum indicator basically lifts off above the green line and you have a confirmation with either a break below the range or above the trading range which is measured by the orange lines. That's where you confirm that you're probably putting in your big move, right? Your next big move. So if it is below and you start to close candles over here and this begins to lift off, um you're going in for the dip, right?

22:22 That's going to take you to 68 to $72,000 as the most probable bounce zone which is going to be supported with um a lot of um you know areas of support over here at 21 EMA and then the stop and reversal indicator at 68K. So right now yesterday's candle broke you below the 50 EMA. Remember we still wary that there could be a potential deviation of the old trading range.

22:44 This is the old trading range. Let's make it nice and clear. We had the range high, right? This is your range low and this is your range high. Price is basically cap between the range high and range low until such time as you gain acceptance above. Right now you are back below. So this is why it's been an absolute roller coaster ride because you have to uh effectively expect that there's a possibility of a move towards the mid-range as long as you are below the the range high.

23:12 And if you're above the range high, it gets all exciting where you look for the range the the next mid-range and the next range high. So, if we can hold above and gain acceptance above here, it opens up this and this, right? We're not there yet. We're not there yet. It looked very, very, very promising for quite some time. The stock market took it down and now we're back below the 50 EMA.

23:32 And as long as we gain acceptance underneath that, this is going to roll over and you have the ability to fall through all the way into the low 70s. Right? And this is trading for you guys. Unfortunately, this is trading for you. Remember that the comment section gets very, very emotional. I'm not talking about you guys, but if you go and look on Twitter and things like that and other people's posts, it gets wild.

23:52 Now, emotions control the market and that's why you see these wild swings, right? Uh because the the market overall is getting more and more emotional. So, you have to position according to what the market is telling you. And this was a pretty strong candle towards the downside. And I would say until such time as you can get above that, treat it as highly highly risky that bounces are most likely going to fail.

24:15 Um, and this could easily drop back down. All right, we are also below the RSI pivot level, which is your orange line up top here. As long as price is below that 82,766, that means that you're going to continue to have that pressure towards the downside. And we're looking at the RSI because it is in a um a descending triangle over here, right? You can see over here we have a descending triangle.

24:39 Descending triangles have high probabilities of breaking down. And now you're spending too much time here. touch point one, two, three, four, and five. Right? And the moving average in yellow is also catching up, which is going to apply additional pressure, which just supports why it's so important for Bitcoin to get back above yesterday's high. If it can't get above yesterday's high, this RSI might go for the breakdown of the descending triangle, right?

25:03 One of the most successful chart patterns has about a 70% hit rate. Right? If you go and look back at chart pattern history, you'll see ascending and descending triangles are some of the most reliable chart patterns. Okay? And if you haven't seen anyone use it on um on momentum oscillators or RSIs now you have. They're very very very useful, right? Very useful on momentum oscillator.

25:23 So that's what we're looking at. Uh we had the price move up. We couldn't get to 88k and now it is uh pressure towards the downside. If we look at the heat maps though, the heat maps do show there's more liquidity on the upside, but it's not necessarily enough, right? 82430. 82430. Well, we need to see price get above 84. So, even if you go for that liquidity, you're not quite getting above yesterday's high.

25:48 That's what we want to see. We want to see a recovery of yesterday's high to get bullish at least. So, therefore, the probability of this dropping is still much higher even despite that upside liquidity. We look at the weekly. What's going on on the weekly over here? Let's just quickly do a check. And h what you can see over here, definitely lighter and brighter on the bottom side, which means that's magnetic.

26:09 $8,588. You got almost $100 million worth of liquidity over there. All right, so a lot to look at, right? We've been through a whole lot. Uh let me know in the comments if you have anything specific that you guys want to go through. We can definitely take uh chart requests. Uh maybe people are going to come over the course of the weekend and they want to see what's happening.

26:27 So maybe we'll stick more to the high time frame. Uh but let me know in the comments as well if that's of value to you guys and let's see what bulls can do. Right. Right now I would treat it as until such time as we get above the yesterday's candle high. This increases the probability of this having been a bit of a bull trap. Right. I don't want to get too bearish uh because we use our idiot proof.

26:49 That's why I put it in yellow. Remember that this is the how to trade for dummies chart. And if you're above the yellow line and specifically its angle is towards the upside uh and you remove all the noise in the whole world, it's long and strong, right? As long as you're above that, it's long and strong. The second that you are below that and this moving average starts to roll over and it angles down, then you are out the market, right?

27:13 So I don't want to get too bearish. We are still long and strong above that on a high time frame basis. Therefore, pullbacks into there that get absorbed become wonderful buy the dip opportunities. All right? And you can always go and follow me on X if you want updates where I I share the simple summary videos. Right? If you go and look at yesterday's uh X update, you'll find the simple summary videos of me explaining this as well.

27:37 All righty. Okay. Amazing guys. Let me know in the comments uh what else you guys want to have a look at. XMR looks insanely bullish. Yes, we spoke about that as this rotation into um of course into privacy right into the privacy coins getting that bounce on uh on Monero right so let's go and have a look at Monero over there this is XMR so XMR just keep in mind you know you are potentially topping over here on the daily you're getting your red dots over there a little bit of exhaustion uh here's your weekly let's

28:06 quickly look at the weekly green dots weekly still strong but this can quickly reposition down and this has been one of the strongest what we said yesterday is basically you just don't take out these lows, right? If you start to take out these lows, I'd even go a little bit tight over there at about 505. Closes below 505 would indicate a major local top.

28:25 But of course, that's not the case right now for now. Um, this has been pretty powerful towards the upside. Let's go look at the 4hourly. Uh, just track those trends right on the 4hourly high highs, high lows. You know, everything looks fine over here uh for continuation for now. Okay. Can it buck the trend much longer? That's the question cuz it it is an outlier.

28:42 All righty. You know, when you look at certain things as or like pump, you've had a pretty um strong reaction off of this 0.382. All right, let's quickly clean this up a bit, though. So, this candle is going to be pretty significant on pump. There you go. As long as you can hold that, there is a chance for continuation towards the upside over here on pump.

29:06 0.00382 00382 momentum master today crossing back towards the upside getting the green dots on the daily. The weeklyies however across the board this is not only going to be on pump but pretty much on everything is coming down. Right? So you kind of want to have your positioning in alignment with the dailies and the weeklies. This is the way that trading typically works.

29:29 Right? If there is an uptrend on the weekly, all right, your aim is to capture the weekly higher low whilst being confluent with a daily higher low also forming. So you want the daily higher low over here to match up with the weekly higher low. Right? So it's the same thing with the momentum oscillators. This becomes a much better trade. If you have the momentum oscillator on the weekly crossing up, that means there's a lot of space and room towards the upside.

29:54 Whilst the daily is showing you the same thing. Right now, we don't have that, right? We have a disagreement between the daily and the weekly. The weeklyies are saying, "I want to go down a bit, right? I've really maxed this thing out." And the dailies are saying, "Well, I think there's still a bit more room." So, you want to reconnect between those two.

30:10 All right. Amazing. So, uh, let's move on. MSTR, let's have a look at those. I haven't looked at Micro Strategy for quite a long time. I'm actually curious how's Micro Strategy and Coinbase holding up as cryptoreated things in this type of market. So, let's start off with Coinbase over here. Coinbase will go on the weekly time frame. Let's just get a higher time frame overview.

30:30 Um, you know, when you when in doubt, zoom out. The weeklys help to remove a lot of the noise. And you can see that, you know, what if that's going to be a major lower high? That's pretty significant over there. Uh, this is still putting in lower lows and lower highs. So, I I would treat this as um the most significant zone is going to be this candle over here.

30:52 If you come below 146 on Coinbase, as long as you can hold up above there, if this can round out, so on Coinbase, you can start to see a bit of a rounding out over here, that that's what you're going to want to see. Otherwise, if you start to close candles below here, you know, target one and then I guess the the full distribution over here, the worst case scenario, it'd be moving down to like 45.

31:13 But one step at a time, one step at a time. Forget this target at 45. Just focus one step at a time. A, can you hold up above 146? B, if you can't, you're coming down into this zone over here, 113. All right. What about Micro Strategy? Okay. Finding resistance at the 200E um exponential moving average over there. We had this as a worst case scenario.

31:36 I don't think it's on the table right now or anything to even consider or worry about. Take it one step at a time again. And for that, we'll look at the daily time frame over here. It's doing okay, right? It's doing okay. This is similar to Bitcoin. If Bitcoin were to come down to that $72,000 region, that would be the equivalent of Micro Strategy dropping to about 115.

31:57 However, one thing I can say about Micro Strategy is I think that um if you're a Micro Strategy bull, you know, I don't think that you're necessarily going to go to new alltime highs within this bull run. Okay, that's that's my thought process, right? I know a lot of micro strategy bulls will think it's as easy as buying the low and then this thing is going to go make up many multiples above the previous all-time highs.

32:21 I don't think that would be the case. I think you have to take it one step at a time and just keep an open mind that maybe this time you're not going to take out those highs, but maybe this time you do something like that, okay, in in a bullish case scenario. All righty, let's have a look at some of the other um coins, the altcoins over here. So, we'll move on into that.

32:39 Let's uh I just want to go into this chart as well. We'll go into the daily. Let's go on to ETH. All right. So, ETH. Um, Ethereum over here. Downside. If Bitcoin falls through into the lower regions, ETH is going to probably be a good buy between 1,900 and 2,100. Gold. Okay. It seems like more you guys have more interest in the Trady stuff. Today, we can go to gold.

33:02 We said we said it's probably going lower. It had a big markdown day yesterday across the board for metals. And there it is. Right. So you can see this weekly looks pretty dangerous. We've been mostly looking at this on the daily time frame saying that you'll probably come deeper down and sweep into 39. And if you can't hold 39, look out below because this could drop as low as 3,300.

33:21 And if you look at it on the weekly time frame, it gives a bit more of a clear picture. This weekly candle close will be significant. If this weekly candle begins to mark down and closes at 39, then next week you might start to see things begin to fall through. I do think this becomes a massive buy the dip opportunity though because it's strong horizontal support which is purely objective met by as well the 200week moving average which is going to be additional support.

33:48 Silver is already in that dangerous scenario. Right? If we take everything off the chart over here and we simply just look at the candlesticks. Well, what do you see? Lower lows and lower highs. Right? You've taken out the previous major low and you've created a new swing low. So, if we mark out our chart over here, this means potentially dropping and sweeping below 4,800.

34:08 Oh, excuse me, $4846. $4846. Here's your daily picture. Silver has been pretty brutal, right? Um, same thing on all the metals, right? Platinum coming down, threatening that swing low. Next level of support 1345. Copper, even copper came down, which has been one of the strongest of the lot. So, we'll keep an eye on copper. I I don't have too much to comment on on that one.

34:35 New swing lows as well on aluminium. It's literally low lows and lower highs and palladium as well getting absolutely rinsed. All righty. Let's move on to some of the stronger things, right? Or what was previously strong. I don't know if it's still strong. Let's have a look at it. Um, and that is Hyperlid, right? One of the requests over there today.

34:52 So, let's go into Hyperlquid. What we said is if Hyperlid continues to present weakness, and I I just want to clean this chart up. We got so much mess over here. Let's just um remove all of these things and just keep it super simple. If Hyperliquid shows weakness alongside the rest of the market and we get another down day or two, this is going to be the area of interest.

35:11 6450 6450, right? Hanging out here and spending a lot of time around these lows makes me think that the draw is definitely going to be towards the downside and it's more likely to begin to fall through. And then we have Lighter. Lighter's done very very well. We played out that target beautifully over there. threw back into key support. Look, if the rest of the market comes down, you're probably going to revisit somewhere around this low region like $3.

35:36 Okay, so um pretty tough candle yesterday. Pretty almost engulfing the prior days candle. All righty. Um All right, guys. What else? What else? What else? We got a lot of requests over here. I'm just going to quickly scroll through and look for the most common ones. Um moon phases. Yes, I know that there is there is going to be a bull moon. It's coming up on Sunday.

36:00 You know, that's hopeful hopeful something that you can maybe look forward to. But it's not the be all and end all, right? Trend comes first. Uh price action comes first. Literally, what are the buyers and sellers in the market doing and who's in control? And then the moon phase has the ability to reposition their psychology. But it's not the be all and end all, but there is um on Sunday a bull moon that's coming into play.

36:23 All right, amazing. Okay, we have a lot of requests. I'm going to try get to all of them. I also wanted to let you guys know that for those of you that uh are looking for a free airdrop opportunity over here, I believe it is still available. It's on uh BTCC, right? $1,000 position airdrop. Uh use that particular link that is on ETH BTC, XRP or Soul.

36:46 So, um you can trade stocks, commodities, forex pairs, all sorts on BTCC. I think they've been around 13 years, right? So, if you are looking for a little bit of a freebie over there, there is one uh on BTCC. All righty. Okay. Near VVV. Let's have a look at VVV. It was obviously also one of the stronger coins. So, therefore, we should probably check it out.

37:07 Um, how is it holding up? It's decent, right? Doing decently. This is definitely one of the strongest coins that's out there. I think it's probably going to range a little bit though. So, I if you can pick up anything around that $21, that's going to be the zone. Will you get there? I have no idea. It's no guarantees. You're going to have to monitor the low time frames to um assess this chart.

37:27 But I'd be treating it as a rangebound environment with this as the range low. There you go. Range low up to the range high. So therefore, you rejected off the 50% level right now. All right. Um All righty. What else? What else, guys? Uh we got Aether. We can look at Aether. We had a long trade on Aether. Can't imagine that that's held up though. But let's have a look.

37:57 We had a free trade over there. Stops moved to break even and the trade had basically played out in full. Amazing. Okay, this is great. So, the trade is still on the table. We hit the resistance area that we previously marked off. There it was. Falling wedge formation. Went long, ran it all the way up over there, moved stops to break even, threw back into the golden pocket.

38:18 You can see held price over there and yeah, bouncing. So it's a free trade if you took the initial trade. No need to close it. Basically just continue to hold it. I think now you can definitely put a hard stop underneath this low. All right. So hard stop at about 5143 are the last four digits on Ather. All right. UniS swap we can have a look at. I I got a question about this yesterday.

38:43 Somebody asked on Instagram and we made a story for them. Um, one of the questions was about unis swap and you know whether I think this is super super bullish and I said that look you know I'm not a fundamentalist so I can't speak from a fundamental perspective but from a technical perspective my answer was no it's basically just lower highs right despite there is a lot of hype around unis swap right now um we need to see the first macro higher low form you haven't really got the first macro high low you got the low

39:11 you got the move up which is pretty meaningful but now you need to assess are you going to get any kind of a macro high low. If you get a decent macro high low, which I mean, where do you want this to form? Probably somewhere around that 50% level. So, let's quickly mark that off. We'll measure from the lows to the high. And that is round about here.

39:29 Okay. So, for um unis swap, I would want to see this begin to round out here and and develop a little bit more of a foundation, right? In the form of maybe a trading range. So something like this just kind of hold up over here and start to round out then sure maybe you can start to target this high if you can get above this high the whole picture changes but I'm never a fan of old coins and the reason why is is what I explained in that story is that you have to consider what is where did the average person the majority

40:01 of traders get in on this or investors what became investors and most of the time you're going to find it somewhere here which means that anytime price moves anywhere close towards their break even point and they've been sitting on this for a long time. They see that they have a chance of recovering their money. What do they do? They exit. That's why you print these lower highs and you don't get close to the point where the majority of buyers were and then it's lower highs and lower highs and so the story persists,

40:26 right? Uh that's why I prefer to look at things that are new. Newer coins tend to be the the biggest movers in the market. Things that didn't exist in the prior cycles because you don't have bag holders that obviously want to get out, right? But this is a dangerous space. I'm sure you guys understand that, right? The crypto space is a dangerous space.

40:50 You got to be very, very, very careful with and selective in terms of what you're going for. I'm sure many of you know, you've already learned the hard way. All of us did, right? I also learned the hard way on certain things. All right. Uh, Suie, let's have a look at Suie. All right, quick look at Suie. So, yep, falling wedge. You had the breakout move over here.

41:12 Let's go on to the daily and just see how we holding up around these um these key fibs over here. So, uh I'm going to go from the major low 50% level. pretty much similar to what I just mentioned around unis swap is you you kind of want this thing to round out and we said that you know the death candle will be taking out Sunday the 18th of of October's low.

41:30 If you take out Sunday's low you know you're dropping all the way back down. Then you're going much deeper. If you can hold up over here and you can see things round out. This will look decent for um possibly your first major high low. So this is why if Bitcoin can show resilience and the stock market can bounce and this is like a fake out or shake out I should rather say a shake out on the stock market and stock market reclaims key levels then some of these things could be positioned to be recipients of some decent

41:58 upside moves. All right so level to level uh don't hold too many positions. Don't spray and pray where you throw all your money into a million different things and hope for the best. You got to actively manage these positions. Is there another rugpool on the weekend? You know, we'll see. Possibly. Possibly. There's a lot of fear in the market right now, specifically geopolitically.

42:21 I can tell you, especially in the the UAE, there's so many people wondering, should they leave? You know, are we coming in for round number two? Um, so we'll see. We'll see what happens. I have I don't have the answer for that, unfortunately. All right. Uh, Circle, there's a request on Circle. Let's have a look at Circle. Um, circle. Let's quickly go circle.

42:44 This is USDC. Basically, the stable coin. All right. Mid-range 200 EMA currently rejecting. I don't want to say that it's definitely going to come back down here. Uh, we need to see. We need to see if this can pop above. But basically, I would just say that treat resistance as resistance, which it's at resistance. Okay, this is going to be resistance over here until it can flip that into support.

43:08 That is resistance. If it fails and it comes down, you'll probably find support once again and try and form a bit of a trading range at about $60 is your major low. If you can get back above here and you can hold above this resistance area, flip it into support. Where do you go next? Well, you open up 120 as the next level. So, one step at a time, but right now you're at resistance.

43:33 All right. Okay. We'll take a few more requests, guys. I just want to let you know again final call and opportunity for those of you that want to take advantage of getting funded. Um this is for people that obviously if you have faith in your trading and you believe that you can meet these criteria. This is the criteria you are looking for a max profit.

43:53 Well that's what passes you through the challenge of 8% in stage one 5% in stage two. If you believe you can do that without losing 5% on stage one and 5% on stage two, then you can pass the challenge. All right, there is a bit more rules and criteria that you need to look at. There's also a one-step challenge if you want a little bit higher target, right?

44:14 So, you got to hit a profit target of 10% without losing 4%. So, can you make 10% and not lose 4% of the account? then you can pass the challenge and you'll be trading with $100,000 worth of capital and you get a free month as well in Whail. If you want to learn how to navigate the challenges, there's a button over here. Click that button, Bitfunded.

44:35 It will take you through to a video done by the Whail traders which will guide you through how to pass the challenge. All right, so that is the final call. It's limited to the first 28 people. Um, well, you get the 60% off regardless, but for the first 28 people who take the challenge, uh, or buy the challenge at least, you'll get into whail room free.

44:58 All right, USDT dominance. That's another one to look at. Let me just have a a look on this side over here and grab grab my other charts over here for the USDT dominance. So, this is something we haven't looked at for a while, so we should just chuck it in. Um, here's USDT dominance. All right, it's getting interesting because USDT dominance is attempting to flip this into key support.

45:18 All right, this is your mid-range. We can see over here, this is your mid-range. The orange line is mid-range. We bounced off that. We're getting a strong candle. Now, you know, according to this, objectively, I would say that there's a chance that you're going to move into this candle to recover some of that, okay? To fill some of those inefficiencies.

45:37 This is a this is a a large abnormal candle. The market doesn't usually like that and it tends to gravitate back towards that. What this would equate to if you did get that move and it sets in a lower high that would be Bitcoin down into the low70s. Okay. And then we can have a look over here. We spoke about the falling wedge into key support holding the 200 EMA stochcastic RSI crossing back up.

46:00 So again, that does indicate there's a possibility of coming back into this candle. The only problem, which is why I've marked this off over here, because I'm just trying to think ahead, is this is a falling wedge right into key support. And if you do recover some of that candle, the problem is you'll you'll be confirming the breakout of a falling wedge or or a massive bull flag.

46:24 All right? And then what what happens if that does that? I don't think it's anything to consider now today. It's this is for much later down the line. But you know in in terms of looking at this over here, this would be uh you know that this would be quite a big breakout. So I'll just leave that there without without too much comment, right? One step at a time.

46:45 One step at a time. Step one, can this even get into at about 7.8%. If it does, how does Bitcoin hold up in that low 70 region? And then step number two is assess the reaction off of those zones and then take it from there one step at a time. All righty. Amazing. Amazing. Cool. Guys, look, we've been through a whole lot. Everything is listed here for you guys below.

47:07 If you do want to catch me in whail room, uh you know how you can get the free opportunity over here with Bitfunded. Other than that, I will see all of you guys on the next one, which is going to be on Monday. Have a good day and cheers for now. See you guys soon.