PAY ATTENTION: If BTC Reclaims This EXACT Level We’ll Pump Way Higher! Transcript, AI Summary & Key Points

00:01 We've seen a lot of resilience from Bitcoin and crypto given the market scares that we've been seeing with the CPI and the PPI data which also recently came out way above expectation. And in today's video, we'll talk about what the level is that Bitcoin must reclaim. It's about 3% away from the current price action. And if bulls can successfully reclaim that, what's most likely to happen is, well, that's it.

00:23 The dip's over and you're probably going to be going a lot higher. So we'll discuss that in today's video. What needs to happen from the bulls? Um what is the exact level to reclaim the line in the sand and what's the probability that we do actually reclaim that? So let's go. You can smash a like button. Also hit the bell notification and vote in the poll.

00:43 Give me your thoughts over here. Is the worst over for uh the dip that we've seen right over the scare from PPI to CPI. We have 30% of you that believe the worst is over. We got 49% of you or 48% now that believe it's not um we're still going to be going lower. And then we got 20% of you that simply just trade it right irrespective of the direction of price which is probably a good way to go about things.

01:07 Um and for the most part that's boded very well over 2025 and 26 is to just focus on what is the best trade and we might have one trade for today. Right? So uh stay tuned for that as well. Big move up in injective. We can have a look at this one over here. Um, so yeah, there is rumors that this one might be getting an ETF approval, right? I I won't share where I've heard that from, but there is some rumors around that.

01:33 So, we're going to have a look at Injective as well. That could be some um insider news that's currently being priced in. Obviously, PCE still pretty wrecked over there. Uh, and then for the most part, yeah, a lot of the coins have started to bounce over here. If we look at the hourlys as well, um, most of the things are starting to push up alongside Bitcoin.

01:49 And this is again, look at that in terms of the high impact week economic calendar. A lot of things coming in way way way higher than expected. And we we're going to have um uh Walsh, Chairman Walsh, who's going to be speaking later on um today, right? So that is for Friday. That's set there for Friday. And then probably the biggest news and many of you if you haven't seen this, you're not going to believe it.

02:12 I'm not joking. Have you seen this? Todd, show me in the background a thumbs up or down. Have you seen what I'm about to share? He says no. You are not going to believe this. You're not going to believe this. I sent it to my family. None of them believe me. They think I'm I'm making things up, but you can go to all the official sites. It's the new Tesla Roadster on the left.

02:28 And then on the right, we have the chart for Tesla that looks like that. So, what is this exactly? Have a look at this. This is absolutely wild. I won't play the music over here, but this is absolutely wild, guys. I'm not I'm literally not making this up. This you can go on the official sites. He has the Tesla. I am not joking. I'm literally not joking.

02:53 This is absolutely unbelievable. It's the new Roadster. You can reserve it for $250,000. You pay $5,000 today. Uh the other $245,000 within 10 days time. And you can literally go to Elon's um Elon's uh account over here if you want to actually see for yourself that this is not fake news. Here's another one. There it is. The It's flipping around, doing spins, kick flips, all sorts of things.

03:21 It's absolutely wild over here. All the things. Got all these thrusters and rocket boosters. It's the new Roadster that's going to be coming out for 2028. Um, so so if you want to see more of that, just go through to my X account. You can follow me there or you can go to Elon's account and you can go and have a look at um all the various different things that he's posted.

03:40 And they also have on the Tesla YouTube channel if you want to go and look at those videos. Um, absolutely wild. So, this thing's got like thrusters. Look at that. Doing a kick flip over the trucks landing perfectly. And they have one of their little robots driving the thing as well. So, um, absolutely wild. Crazy stuff over there. What does this mean for the price action?

04:00 Well, Tesla, like the news, at least in terms of the investors, you're getting a little bit of a bounce up over here. So, um, we of course need to see much more continuation because this hasn't broken the downtrend. But, uh, if if you can start to break this trend over here and start to get back above about 412, that's where things really start to look pretty interesting.

04:19 The Dow Jones, we'll go into into the MAG 7s individually through each of those. But Dow Jones bouncing out of here, still looking good level to reclaim about 53,000 is going to be a good zone for that. QQQ as well getting a bounce. It has closed below that trend, right? So, we saw price wick down, close below the trend, but you could deviate and get back inside.

04:38 So, I'm continuing to hold my um QQQ3 position with a potential bump and run over here. I think it's pretty clear if you start to break below these lows. Things begin to fall to pieces over here. I'm not going to worry too much about that for now. I'm still maintaining that long exposure. And MAGS is the other one. We're still up beautifully on this trade.

04:58 No need to worry. We are in MAG X, right? So, which is just 2x leverage on MAX. And if we go into each of those individual trades, like Amazon still holding up, right? So, the long trade is still on the table. It's still holding the 200 EMA over there. No need to change that. Google's right there. What we can learn from this is you in the apex of this triangle, which means we must get some kind of a decision very, very, very soon in terms of direction.

05:24 Is this thing going to break towards the upside or the downside? Remember what stop losses are made for. So, definitely make sure that you keep those over there. And then we got uh Apple. The Apple long trade is still in profit if even if you took the second trade. The first one obviously way up. No need to change that. We saw Nvidia come down quite significantly.

05:40 I wouldn't necessarily enter over here. This has got a bit of work to do. It's quite a sloppy chart over there. Meta still holding on over here. We gave a low time frame trade. If I show you on the hourly over there, um it's attempting to bounce very close to that 200 EMA. So I guess your invalidation now can remain just below that wick on the hourly time frame.

06:01 You don't want to be coming back below that. And then of course Microsoft no man's land. Uh very very very difficult to get an entry on this particular trade but trading near the highs is decent. And then the last one is Tesla which we said we want to see that getting above about 411. So those are some of the things that we're looking at over there.

06:20 I'm going to continue to just you know hold the positions that I have. If you've missed out on the energy trade, this is probably an opportunity on Bloom Energy. Uh right around that 200 EMA on the daily, which is more or less where we entered, right? So, we're still in profit on this trade. Not by much, but we are uh 14, call it 14, round, give it a a rounding error and round it up to 14% up, which is pretty decent.

06:41 If you want to utilize the low time frames to gain your entry, um of course, you can just wait to start to form some higher highs and higher lows once again on the hourly structure. For now, you got a strong reaction. You held the 0.382, which is what we wanted to see over there. And therefore, energy is likely to continue onwards and upwards alongside the XLE chart, which has been incredibly incredibly bullish.

07:05 And oil as well, likely to push up into the pink box over time. But I think that the better risk-to-reward trade between oil and Bloom Energy is definitely Bloom Energy over here. All right. So, um, let's see if there's anything else. We saw a little bit of a reaction on gold. So, gold avoiding the move down into the lows to sweep that 4,000 mark. Silver as we're getting a little bit of a bounce, but broadly speaking, these are still for the most part very very very weak.

07:34 Right? If you go through each of the medals, aluminium putting in swing lows, new swing lows for the first time. Um, and therefore those trends are for the most part towards the downside. Um, all right. So, uh, let me just have a quick look over here. I'm just waiting from the a message from the team. Okay, I got it. Okay, cool. Thanks, Terry, if you're watching.

07:51 I received your your message. All right, let's have a look at the Cosby. This is one of the concerns for the Cosby and I'll show you why it's a concern. Let's give go straight to the point of why it's a concern. This could pull down the whole market. Even Paul Tudtor Jones has spoken up. He's one of the billionaire OG goats of investing and trading.

08:10 And he's spoken up about shorting stocks in 2027, right? He says, "I'm sure I'll be short for the whole year. Uh it feels very much like 99." He said comparing today's AI market to the year before the docom crash. If I go back to 2000, you had all this issuance, all these IPOs in 98 and then uh 99 and really 20201 and 2002. Those were the easiest years to just be short on the market.

08:34 Now remember, you don't have to be short with leverage. Um you can be short through options and you can be short by just sitting in a cash position. I think that the messaging or the lesson over here is that it makes sense to still be very concentrated in terms of how you manage your money. Not holding too many positions. That's what I mean by your concentration risk, right?

08:54 Don't have these hugely diversified uh portfolios and positions where you're holding on to, you know, um dozens or hundreds of different things and the market begins to turn. How you going to cut all those positions? Right? It's going to be very, very, very difficult. So, I'm not advocating that you actively day trade your net worth. That's insane. But to maybe just focus on a handful of different things.

09:14 If you like crypto, well, I guess you're going to focus on Bitcoin, for example. Maybe you're going to pick one uh altcoin, something like Hyperlid that's trading near alltime highs, just as an example. And then if you're focusing on the US markets, maybe you're just going to buy the NASDAQ. maybe going to buy MagX or Magnificent 7, just the the overall ETF that tracks all the different stocks, right?

09:37 As opposed to trying to stockpick on a million different things. So, I think that's really the lesson over here. And the reason that we need to be wary of this is because if the Cosby does play this out, and this is one of the things that we spoke about um going onto that Cosby chart over here for the South Korean market because they're so focused on the AI trade, right?

09:54 and we have this breakdown over here and this is likely to move down to 4,000 and if it does move down to 4,000 well you can see over here where's 4,000 that really starts to bring in that fear according to this chart which looks at the uh Wall Street cheat sheet the psychology of a trader or an investor and the phases that you move through you can clearly see uh and and you need to focus more on the emotions as well that those market participants in South Korea would be focusing on they've triggered circuit breakers

10:25 day after day after day as this thing begins to unwind. Um, and of course, if this starts to come down into these lower levels, you might actually see a lot of the US uh AI sector starting to come down as well. And I guess this is the warning that Paul Tudtor Jones has has given. And I want to remind you, he says, "What year?" 2027. I want to just remind you how close we are to 2027, right?

10:47 We're nearing uh we mid-occtober, right? We're not at the end of October. So, what does that leave us with? about 2 and 1/2 months before Paul Tudtor Jones probably goes short for the whole of 2027. Interesting, right? Food for thought over there. What does that mean for Bitcoin? Bitcoin could still move up, right? There's still this massive um divergence between Bitcoin or crypto and the stock market, which historically over time we haven't seen that.

11:13 Now, given of course crypto is not that old in the greater scheme of things, right? We don't have hundreds of years of data, but if the stock market comes down in an orderly fashion, maybe some of that liquidity will flow into crypto and allow for some kind of a convergence uh back to the mean. So, mean reversion trade as opposed to the stock market and crypto being completely diverged, which could still lead to some further upside, which means it's still a trade, right?

11:41 There's still a trade that's there. Uh you don't need to pack it all up just yet. So long to short ratio for the first time in a very long time. We're seeing a completely balanced over there um with that skew. The liquidations have slowown down a bit now. Equal liquidations on both side pretty much between longs and shorts 317 million. And we still have the liquidity chart over here fighting for that uh $30 billion mark to defend and hold that level over there.

12:05 So ETFs, let's have a quick look. um outflows not really too surprising, but we haven't seen uh the extreme levels that mark the local lows, right? So maybe that's still on the table. We'll have to keep an eye out on it. And at the end of the day, I've always said that the idiot proof format is to just simply look at the direction of the 21 EMA and where the price is above or below it.

12:27 And right now, it's above it, which means that any price any price action that's pulling back over here is a theoretic buy into this zone over here. So we said we can't guarantee that you're going to come down into that low 70k region. That would be a very sweet reset on the market. It would look from a technical standpoint super um you know clear in terms of uh painting the the the chart picture over time filling the inefficiencies creating the higher low into the levels that matter.

12:56 But we know that Bitcoin has this tendency to sometimes frontr run those levels. And that's why I want to give you the breakout zone where you can probably confirm that that's it. you're not necessarily going to go much lower. So, right now, price is fighting to hold, of course, the 50 moving average. There it is. And we've spoken about this untapped liquidity, which is right, for the taking coming in at $88,000.

13:17 Now, maybe this candle's done enough yesterday, right? Was a strong enough reaction in the face of fear to hold that zone and potentially push price up. So, keep an eye on for that, right? Maybe over the weekend, you drop down one more time to come into some of this wick to fill some of that. There might be an opportunity over there, but as long as you're closing above this 50, this is a theoretical candidate for an SR flip.

13:43 Previous support, resistance, resistance, and now attempting to flip this into support opens up the mid-range, which is the liquidity, right, for the taking into the range high. So, of course, the pink boxes represent the prior range low down here, the prior mid-range, and the range high. Remember, if you flip the range high into support, this becomes the new range low, right?

14:07 We'll put RL over there, which makes this the new range high, which becomes the long target, right? So, there's a possibility of still that squeeze into that high zone. Now, to verify this and to understand what the probabilities are of recapturing this, we need to look at a couple of different things. One of which is where is the liquidity the greatest?

14:27 What's interesting about that is if you look at where the liquidity is the greatest, this is sitting at about just above $84,000. Well, if you go to this chart, this is pretty much the exact level where the rejections were taking place, and that would be the level to flip things back up. Why? Well, that is where your daily rejections were taking place, right?

14:46 So, if you can start to close candles back above those daily wick highs, you've recaptured things. You've seen a nice reaction over here. You'll be back above the 9 and 18 exponential moving average. You got your orange line which simply represents your RSI pivoting back towards the upside and getting above that 50 mark which is all an all important zone right the 50% level works on the RSI as well.

15:07 So these are some of the zones to look at. What does that mean and what am I going to do about this? Well, the first thing that I'll do is I'll come over here on Coinbase with the spot account and do what I do every single day and that's just buy $100 worth of Bitcoin. Right? So there it is. Very very very simple. That's the first thing. All right. This is Wait, this is on the per chart.

15:28 So, let's close that one. Um, we Okay, actually, it's not the per chart. We'll do that again. Let's do that again. So, we buy $100 of Bitcoin every day. Um, there we go. That's filled. So, remember, if you want to fill your order, you can always just click to the closest price action in the order book over there. And then the second thing that I'll do is I'll actually um front run this idea that this is going to trade up here based on what yesterday's wick low looks like.

15:54 And I will look to take a sneaky long trade, right? Let's call it a sneaky long trade, which would be something like this. You know, sure, you should be keeping your stop loss all the way down here. And then we can start to target high. But if you want it really, really, really, really tight, you can you can keep it there at about uh 1% risk. I'm going to go for the 3% risk below these wick lows.

16:14 And we'll do this over here on Coinbase. We'll go to derivatives and we'll target some of these higher prices, right? So, what are the levels that I'm going to target? I'm going to target the liquidity right for the taking at 88K. So, this is going to become the trade setup. All right. I'm going to take this trade over here. I will put the long to short ratio and everything on here.

16:34 Um, there we go. So, we're going to target below there. And we are targeting to um 88K. So, it's giving us about a and we can go a bit tighter over here. This is just over a 2:1 risk-to-reward ratio, right? So, just over a 2 to1 risk-to-reward ratio. and I'll put in about uh 10% of that account size over there. It's about a five grand position. Okay, so that will be one of the trades.

16:58 There we go. I'm entered in on the trade. This will be one of the trades that I'll be looking to take um over the course of today and into the weekend. I believe that there's still a chance that we're going to be running up for that liquidity. Now, of course, you got to have a stop loss because if we start to close candles below here, the opposite is true, right?

17:15 Bears take control. Why do bears take control? Because currently we haven't successfully flipped this range high into support yet, right? This is still the rangebound environment. Which means if you start to close candles below, this is why the market would have been so bearish yesterday while price is is hanging out below that 50 EMA. Why? Because that would be a deviation.

17:35 What do you do with deviations? Well, you target the mid-range. So, if you do deviate this level and you keep failing over here, you're most likely going to move all the way back down to the mid-range. And then it makes sense anyway to have grid orders spread all the way through here uh so that you can capture however low that wick goes for a larger spot positioning right um for the market.

17:57 Okay. So if you're not dollar cost averaging and you want to trade the breakout trade, I would say that the confirmation of that comes into play. If you start to close candles above 84,300, that's going to be recapturing those daily uh wick highs where all the rejections were taking place and you're likely to move uh towards 88K. And if you close at 88K, you know, things get interesting because now you start to position your your next move up to 94K and we know what comes next, right?

18:24 It's that that's your continuation of the trend. All right. Um Coinbase doesn't work in quitar. Uh you just need to use a VPN then. All right. Uh, it's I don't know. You have to check your geographic location for Coinbase. But for those of you that are wanting to use Coinbase, remember you can claim up to $275 in rewards. They've activated the rewards function over here.

18:49 So, you shouldn't have any problem anymore. Uh, remember previously we're using that Google form and they were going to try manually approve it, but it didn't work. So, they fixed this on the tech side, uh, which is a great relief. And if you already have a Coinbase account, well, you can still click this link, right? It will still connect you to that rewards program.

19:10 Um, so just log into your your Coinbase and then come through and click this and it will sign you the same rewards, which is very nice of them to do that. Okay, cool. We can move on into altcoins if you guys have any particular requests over there. Let's go to Injective. Okay, let's go to this one first. Right. So, I'm down $120,000 on my XRP long. Um, and uh, you need the market to bounce.

19:34 Well, the good news is I took the long trade here. So, hopefully we are going to bounce. That's the first thing. But the second thing is, I guess, let's have a look at XRP, right? So, there is some good news. XRP looks very similar in that regard. You've come into a very key support area over here, which yeah, and you you're possibly even holding the higher lows.

19:54 So, the good news is I think that um you most likely going to see a challenge of at least like 145 over here on XRP. And if XRP can start to flip 145 into support, this is just going to look like a high low and continuation. So, um yesterday's candle is a strong a strong candidate for a stop-loss, right? Uh you can see that beautiful reaction off of that level.

20:15 Uh this is more or less your mid-range. If you can hold yesterday's candle low, you probably want to stop out below that and and cut the loss. um you know otherwise you could lose a whole lot more money and depends on how much leverage you have. All right. Okay. Uh what else? What else guys? Let's have a quick look at the comment section over here. We got um Injective.

20:33 Yes, let's have a look at Injective quickly. So Injective, I don't know if there's going to be any trade opportunity on this because a lot of it is obviously already uh being priced in and moving. Uh let's clean up this chart. And now you're actually coming close to the big overhead resistance. Um all right. So it's had a strong move. This is going to be a big resistance.

20:52 I don't think despite whatever news may be out there, uh it's it's going to be a challenge. It's not impossible, but it's going to be a challenge to break through this candle over here. Okay. At about 11 to 12, the first attempt over there is probably going to start to find resistance um and struggle. And then if you do, maybe it'll start to play out again a cup and handle formation, which is how we so often see the start of these tokens taking off towards the upside.

21:18 you see this rounding out the big move towards the original breakdown area, then some kind of a correction and then you really begin to rally. So, if you are long on this, just expect you're going to find resistance over here in the 11 to 12 region on Injective. Okay, let's go to pump. So, how's pump doing? Um, all right. Big big big fight for that level.

21:37 We said yesterday you don't want to break this trend line down. Right now, it is holding it. And of course, this will start to look really good if the rest of the market bounces and you start to turn back up over here. just going to look like a major higher low in a strong trend. All right, so a big big big zone over here for pump. I think that we need a bit more time to evaluate this one.

21:57 But again, just like the rest of the market, it makes sense to have pretty much a hard stop loss underneath that low. If you take out this low now, you're coming for this low. And if you take out this low, you know, it just starts to cascade and take out all of that um those those liquidation levels. Okay? Liquidating any leverage traders. All righty.

22:16 Uh, next, let's have a look at Can you guys believe the Roadster? All right, I see some of you are maybe only logging on now and watching the video um and seeing the this road. It's absolutely unbelievable. It's like a sci-fi movie. There was that magazine way back for the for the UNS in the chat, right? Popular Mechanics. Who remembers Popular Mechanics?

22:38 So, the Popular Mechanics magazine used to write this stuff in like I I remember my grandfather always had these old Popular Mechanics things from like the 70s and 80s and I used to look at those when I was a kid and they had the flying cars then promised to come in like 10 15 years time and obviously it was more like 50 years time but here they are now we literally and that by the way that Roadster also does 0 to 60 m an hour or 0 to 100 km an hour in under I think it's like 1 second.

23:08 So, they're going to break all the records. Unbelievable. It's more of a jet than a car. All right. Um, okay, cool. What else? What else, guys? ENA. Let's have a look at ENA. Let's uh let's see what's happening with this Aster Trade as still struggling to get filled on the position. I have, you know, some on the table, but I think I only have about onethird of what I really want in terms of uh position sizing on this.

23:30 So, this thing is is eating into those orders. Maybe it's also because a lot of you have the same order set as me, so it's not dropping through that over there. But anyway, let's go on. ENA was the request. Uh, let's see what's going on with ENA. All right, ENA big level as well. This is a big SR flip zone. Um, and we can also mark out some of those fibs.

23:52 You know, this is probably close to that 50% level. There we go. Perfect. Bang on. On the 50% level. You really want this zone to hold. This is 18795 are the last couple of digits. Um, so around that almost 19 cent zone, you basically want to hold that. A lot of uh traders would have been stopped out because plenty people would be putting their stop losses underneath these lows with with your bullish order block and now you've run those stops.

24:15 Okay, so you're looking for a reclaim of some levels. Um, really the trend only starts to flip back up if you're getting above uh 25 cents, which is going to take a bit of time. So just monitor it. I think it's still a strong candidate like the rest of the market for a major low over here. and if you want to take long trades like kind of you you're placing your stop loss underneath those lows.

24:38 So, it's going to depend on what the stock market does later on um today. The stock market is going to drive crypto for for sure. All righty. Um okay, nice. Uh all right, guys. So, also I just want to let you know very very very quickly the special over here is still on. If you're looking to gain access to up to $150,000 in funding, Bitfunded still have the most insane special ever, which is a three for one.

25:03 So, you buy one challenge and you get three challenges. That's unbelievable. Uh that's basically giving you uh 66% off on these challenges, right? So, you know, if you are doing these challenges, you may as well go for the big boy one, which is $1,400, $1,399, because right now you're getting three challenges with that. And on top of that, if you do pass this challenge by hitting these uh targets or without draw down, too much draw down, you'll get 150K to trade with.

25:34 All right, so consider that for those of you that want access to other people's money. It's the quickest way to scale up your trading account. And that is it for today. Let's leave it at that. I'll see you guys on the next one, which is going to be on Monday. Have a lovely weekend and cheers for now.