There’s Something In The Charts YOU Have To See! [And Yes, It’s Urgent] Transcript, AI Summary & Key Points

00:01 We have Bitcoin holding on to an absolute knife's edge 3% away from breaking the stop and reversal indicator and that's one of the lines in the sand right there is definitely a lot of bearish pressure still in the market but we spoke about it just yesterday the importance of the coming hours right the next uh we said up to about 72 hours which is going to lead into the end of Friday with a potential to demark 9 count right so 789 and you expect a bounce out of that 789 in terms of some kind of a mean reversion a

00:27 corrective bounce towards the upside of there. So that might provide a little bit of relief and consequently there is long trade opportunities but of course as always you got to manage the risk and the risk is relatively low theoretically speaking because um of course price has fallen a lot firstly and secondly uh you're very close to invalidating right you have to have a certain line in the sand when you where you invalidate and the closer you get to that line the lower the risk becomes which means the bigger the

00:53 position size that you can put on without taking too much of a loss if it all falls apart and fails. So uh although it's very very very difficult trying to back the bulls over here for a potential bounce we have seen certain things in the charts occur one of which is um we have a green dot right we now have a green dot finally over here on the momentum oscillator the market cipher be attempting to tick back towards the upside but it's not all sunshine rainbows and butterflies in the wise words of Rocky Balboa um

01:20 there's a whole lot that you still need to consider over here another thing that we've seen is of course a sweep finally on Nvidia here, right? The situation gets worse and worse with Jensen's wang, right? Absolutely causing havoc and potentially crashing the entire stock market. But we finally got the sweep. This is what we wanted to see yesterday.

01:40 And I told you if I saw a sweep over there, there would be a potential for a little bit of a long trade to kick into play over here. So, we'll talk about that, but just know that um we're not out of the woods. There's a whole lot of economic data still coming out. We have the unemployment claims later on today. And then more importantly tomorrow core PPI month-on-month and normal PPI data as well coming out.

02:00 Um and that is on Friday. And guess which day it is. It's not just any Friday. It is Friday the 13th. Right? You guys all know exactly what that means, right? Friday the 13th. Markets falling TD sequential nine buyer. What what can we expect from this? Right? Um it's going to be very very very important. Now if we look at the DXY, the dollar index is really pushing up into new highs.

02:21 I think I'm one of the very few people that had a bullish outlook on the DXY and we said that this will be applying somewhat pressure onto the risk on assets onto the S&P 500, NASDAQ and individual stocks. It's not always the case. Remember, things can run while the DXY goes up. But it's more about what happened and what led to the final bottom for crypto in all of the prior cycles.

02:46 Could this time be different where the bottom is actually in of course from the July lows $57,000 and all that happens as we come down to put in that high low in the fair value gap. All the areas of interest that we've been looking at uh spread down towards that $70,000 level while this still plays out what happened in the prior bare market lows for Bitcoin.

03:04 It's possible, right? Meaning that maybe it won't be as bad. But importantly, just to highlight what it looked like if we take a fractal of those uh prior market cycles, right? where this is this is effectively how Bitcoin bottom in the price cycle. So if we take a repeat of the DXY, if you just look at my cursor, if you take a repeat of the DXY, what it did over there, um, and we looked at that, that's 2014, right?

03:27 This is the type of trajectory that the dollar index took. And this is the 2021 to 2022 low. So remember, the market peaked in November, mid November 2021, and it came down all the way into the end of 2022. I think it bottomed in like January 2023, put in its final low. Um, and ultimately this was the trajectory, right? So this is something that you need to be definitely cognizant and aware of.

03:50 Look, if you follow this trajectory exact, this would play out and these are fractals, right? You can always tighten them. So it's a little bit um subjective, a little bit subjective, but it's more about the pattern recognition over here. And if you focus on that pattern recognition, um what you will see is that at the end of the day, this came off of a multi-deade trend line over here.

04:10 We had the little bit of a swing failure. the breakdown zones that we marked out and the breakout zones. You swept the low, came into what was looking like a big break breakdown, tested that orange line, multi-deade parallel channel low boundary, held it right and now has since started to push towards the upside and when you zoom in um of course this has been some bullish price action over here for the DXY moving towards the upside.

04:33 So it does apply a little bit of pressure. Now, of course, the Nvidia chart is starting to line up into some super key levels over here, at least for a bit of a technical bounce. So, um, as per the usual, this is the trade that I would be looking at, right? I think that this makes complete sense, at least for a bit of relief. Now, of course, you have to manage risk, right?

04:51 Because if this is kind of like the blowoff top of all blowoff tops and the bubble has been burst, you know, this thing can go down uh very, very, very quickly and accelerate at mass speed. But if this is an overreaction and things just basically settle down and get bought back up. Even if this were to lead to a complacency bounce over here, you're still talking about some massively sizable bounces, right?

05:14 You could be looking at a move like that. And to give you perspective, well, from here to here, you know, that's a 40% move. What about from the golden pocket? If you go from the golden pocket up into the breakdown area, that is a 60% bounce, right? These are tradable. So from a low time frame perspective, I'll be definitely lining up over the stock market open later today and looking for that opportunity uh potentially on Nvidia because you can see as well you do have the horizontal support, previous resistance,

05:37 resistance and price potentially coming back into that with that 200WE moving average rising into that zone. That's a clustered area of support and therefore you can manage your risk somewhat within that region. Um, of course you have to have a little bit of skill set in terms of allocating into these positions, right? So, um, if you want that, if you want that skill, right, jump into well because the traders there are smashing, right?

06:01 I I see that W, one of our traders yesterday, took an absolutely killer 30 minute trade over here. Dropped in real time. Look at that pinpoint absolute entry on Apple and basically playing out. Look at that. Completely in full uh full trade exactly to the TP zone, right? So, a lot of opportunity over there. um if you do want to take low time frame trades, we we're nailing it on the trady space more so than on uh in the crypto space.

06:24 So what will happen with Nvidia? Well, this is basically what's legging things down one more time, right? If you go on to Kulchi markets over here, when will Jensen Hang leave as Nvidia CEO, they're now talking about firing him, right? Getting him out. Um and you can see over here it's a 57% odd that that's going to happen before November the 13th, which is like basically right now.

06:46 And then uh the other 61% are voting for November the 14th, right? So, well, this is constantly changing over here as you can see. A whole lot of volume, a whole lot of voters over there. So, you can always come on to Culture if you want to kind of get where the masses are at in terms of their predictions and what's happening next. If you do want to trade here, by the way, as well, um remember, they do have that incentive for anyone that wants to be in the $500 weekly giveaway.

07:09 It's only for those of you that use that link. you you trade $50, you get straight away $25 and then you're in the draw and um you know, you're not competing with millions of people or thousands of people. Uh it's just a couple of hundred of you that are jumping in on this over here, which means you have a high probability of winning that that prize.

07:26 All right, so let's move on. Let's have a look at what's going on in the rest of the markets over here. The Dow Jones has been the most resilient of the lot. Look, in terms of a weekly, that's a pretty nasty reversal candle. And if this were to um effectively take out that red line over there, you could be looking at a much deeper draw down and actually the start of a convincing downtrend right now.

07:48 If this does reject over here on the weekly and it does come down and you take out 50,541, a lot of the charts you can start to look towards those weekly 200 um um EMAs, right, which you can see we just highlighted on Nvidia. Um it's not that far away from its 200 EMA on the weekly. Let's move on to the daily though. If we look at the daily, you know, you've had some absolute wild swings over here.

08:10 Big down candle. Still the level to reclaim to start to get back into a position of strength is what was what we were previously looking at. And it couldn't hold above there for very long. It closed one day, next day open and closed down below it once again. And that is 53,000. Right? So 53,000 is one level to watch. Um, you know, you got to be careful over here.

08:31 We're right in that resistance zone specifically for um the S&P 500 futures. looking for this to at least get back above 7,753. And let's just quickly review this one on the weekly chart, right? So, this is what your weekly looks like. You know, if the weekly closes over here, next week is still a risk week where your your candles are still theoretically dropping, right?

08:53 Lower highs that are starting to form over there. So, just be aware of that. QQQ, let's have a quick look at this one. Overnight trading starting to come back down again. This is exactly in the rejective zone below 702 which is what where we said was one of the important levels uh to reclaim. So I think that the following hours right over the course of today is going to be vitally vitally important and you can see for the most part the um QQQ chart which is your uh NASDAQ top 100 stocks has very rarely if ever close

09:23 right very it's almost never closing below the 200WE moving average. So, if you do get a massive sell- off and you take out this low, I think that becomes an absolute killer buy. You got to buy that just for the bounce, right? You you you'll probably bounce into a complacency bounce at that point. Um, and then you can always re-evaluate, but it's tradable.

09:40 It's definitely tradable. So, we can go into the mags as well. Let's check this one out. Rejecting as well from the deviated zone. You know, theoretically only bullish if you can start to get back above the yellow line. We want this at about 72. So if you wanted a hedge short position on the table, maybe you have too much long exposure, this would probably be more or less the area to start to look for that short trade floating your stop loss slightly above.

10:03 Therefore, entry over here, this is your breakdown of the trend line. The retest into that trend line confluent with the horizontal zone, stop loss goes up here and ultimately you could be targeting down to the mid-range. That's that's of course if you overexpose and you need to hedge, right? Remember, a lot of and I'm sure many of you know this, a lot of people aren't living in like tax-free places like I am, which means that you can't simply just, you know, enter and exit positions at will because it becomes a

10:30 taxable event. So, that would be one example of where you would start to um allocate instead into a short position to cover against potential losses on your long side if this were to go towards the downside, right? So, um that's something to watch. Let's have a quick look over here at Amazon. Amazon still doing relatively well. It's had a beautiful bounce off here.

10:47 sharp move. I think easy invalidation on the long side is of course if you're going to be taking out that low, that's not going to be good, right? Apple pushing up to new highs. Super bullish. I still have the long trade on Apple, by the way. It's one of the few Tradfi positions that I've still maintained. We took that one on um I think that we used the account uh to show you how to scale into the positions on Twit, right?

11:09 So, that position remains and this is trading to new alltime highs. So, very very very bullish over there. We have Microsoft still holding up again. You don't want it to break below 499. Google um what we're looking for is potentially a bit of a sharper move up here. And then similar to what we said on Nvidia is if you can get that rejection and sweep of 269, that will look good.

11:29 And let's just see relative to that weekly. Um here it is right in a more extreme scenario. If it does reject and come down sharply, um you have over here the the 200 week exponential moving average. And I'd like to also just line that up with some of these key fib similar to what we did with Nvidia just to see out of interest. Look, very similar, right?

11:48 Very similar to Nvidia. I'll show you Nvidia on the weekly. So Nvidia on the weekly, golden pocket, right? Golden pocket right above that 200 EMA, strong horizontal support coming into play, sweeping out this level. Let's go back to Google. Google Azel, not bad. Very, very, very similar in that regard. If you drop this 50% level, which is the purple line, you'll be sweeping out those zones.

12:08 And then you got your golden pocket with the 200 EMA also sitting right over there. So, similar trade setups, which we actually spoke about uh just yesterday. All right. And then over here, I said if you want a risky long trade on Meta and your expectation is that the whole market is going to go back risk on, I do think that it makes sense to go long over here.

12:27 And you're starting to get a bit of a pullback, so it might be a better opportunity. Um, using this as a strong invalidation. This is Thursday the 5th of November's low. So, what I'd be looking for is something like this. And I again, please be prepared to scale in if you do see a bit of a drop, but keeping a nice tight stop loss over there. I think you can easily trade this into this zone, giving you a 2.2 to1 risk-to-reward ratio, potentially even into this candle.

12:50 That was the original breakdown almost pushing you to a 3:1. And and this could just be the start of the trade, right? Um, of course, if you can maintain above here. So if you see price hold, so maybe a little bit of a deeper drop to get your entry at, you know, somewhere around 612 potentially down to 600, between 600 and 612. You're looking for that support to be found.

13:11 Remember, you need to zoom in like a magnifying glass, right? Put a magnifying glass over there. zoom in on the low time frames and use the low time frame structure like 50 minute, 30 minute, 1 hour time frame to execute the trade based on uh higher highs and higher lows within that low time frame trend that lines up with this positioning. Right? So if you get that if you get that and you get that entry between 600 and 612, the move up, we'll probably get a low time frame bearish retest over here.

13:38 that if that holds up over the coming weeks into the end of the year and it starts to look like this, this could be lining up for an enormous swing trade, right? You could be looking at a much much much bigger treat uh uh trigger plan and swing trade that can get price uh massively higher on Meta, right? So, that's one thing that I'd be watching for.

13:56 Therefore, I think that the three top trades right now, Google, Nvidia, and Meta, Google not quite right yet. Nvidia possibly in the zone right now. Meta also in the zone. All right. Um, moving on, we have over here Tesla. It's got a very similar structure. I think this one you have to wait for the breakout trade. Unfortunately, there's no entry on this unless it comes down a whole lot lower.

14:18 Therefore, the trade looks something like this, right? No stop loss yet because we can't execute the trade until you sweep back above 418. And if you can do that, you can start to target back up into those highs, right? So, we we'll leave that over there until later. All right. Yes. Oh, important. What about the poll? Right. You can see over here we have oil sitting exactly at the mid-range and the 200 EMA.

14:38 I tweeted about this yesterday. Follow me on X if you haven't already. The link is um somewhere here down below. Right. Uh here it is. Right. Follow Kyle. If you want to follow me, you can follow me on Instagram as well as X. It's over there. I do post there in terms of market updates and things like that. Um but back to the poll vote. Right. If I told you you, you know, gun to your head, you can only hold one thing.

15:01 This is it. These are your optionalities. You can hold one thing for the next 12 months. Pick wisely today. You have to buy today. What are you buying? Let me know in the comments. What are you buying? Are you buying Bitcoin? 56% of you have said yes. That's going to be your choice. Nvidia, 24% of you have voted for Nvidia. Gold is 15% of you. And only 4% of you have bought or would say that you'd be buying oil because you probably have the thesis that the geopolitical things will subside and the straits of her moves

15:32 will open up again and oil will be flowing right flowing like like uh the Serengeti, right? Like a river in the Serengeti. But look, vote over there. Let me know your thoughts. Vote on which one you think is going to be the the best hold. And then let's continue through the charts and I'll tell you exactly which one I picked, right? I'll tell you which one I pick.

15:52 But for now, I think a lot of people are writing off oil. They think that oil is going to dump over here. And it could. But for now, what do we have? We have support. It's mid-range. It's support over here. Your expectation should be that you get a little bit of relief off of this zone. Some kind of a deadcat bounce, right? And I saw that Iran recently just came out.

16:09 I think it was literally today. This is their um one of their their main guys in charge. And they basically said that we've been prepping additional weaponry that can reach Europe if you continue to provoke and push us. The next missiles will go to US bases that are based in Europe, right? So they got long range weapons that can reach Europe. Now that's at least what they're claiming.

16:30 This is the most recent update today. So maybe that leads to some kind of escalation and we do start to see a bit of a bounce over here in oil. I definitely think the energy trade is still one to watch because again key supports, right? You add key supports over here. You got as well the sweep, the sweep of the low. Very similar to what we're looking at in terms of uh the rest of the markets over here.

16:50 Low, low, sweep of the low just like Nvidia, just like Google. Get back inside that range and this becomes a range trade to mid-range. And if you hold the mid-range, you're back at the range highs over there very very very quickly. And that is XLE, which is going to be your State Street um energy sector, right? So something to look at over there. Now, what about gold?

17:08 I know that the guys have been smashing it on gold as well. So this is this was a relief rally deadcat bounce on the daily and down it goes again. Right? So gold's in a very difficult spot and just judging from the daily time frame I don't think that this low is now going to hold. Right? As soon as you take out here right as soon as you take out here let's clean this up a little bit and we spoke about this is what where we said short trade right short trade over here it's worth looking for the short trade stop losses

17:34 floating above this cluster and ultimately looking for prices um to break down. So confirmation of the full breakdown would happen pretty much over here. I would say if you lose that candle, that's enough, right? You don't even need to wait for this candle. If you start to lose this candle over here, 3,918, that should be enough to lead to acceleration towards the downside.

17:53 And that acceleration, sure, there will be again lower lows and lower highs, which means after a lower low, you're going to bounce here and there, but the major support is still coming into play between 3,400 and 3,000 with the base case sitting at 33. This has been a target that we've had for quite a long period of time. This is a straightup downtrend, right?

18:12 You just can't deny it. So, I know that the traders in Wim have been smashing it. There it is. Another seven grand, $7,000 banked. I think that Farooq makes more money than me nowadays. Um, absolutely smashing it over there. Multiples multiple trades. Seven grand. $4,600, right? $2,300. Absolutely whacking it over here specifically on um on gold short trades.

18:36 And I know that Chris actually I think he took the same short trade. Now I've lost it over here. He took the same short trade. He's got a short over here on silver on the table as well. Short on gold trade as well. So he's looking at something very very very similar. So there it goes down it goes right silver breaking down straight away into profits.

18:54 So if you want this information, what is this one? Gold. There it is. The breakdown of gold. Perfect. Perfect trading by the team. Uh there are now 406 spots left. Right. So, for those of you that want to take advantage, if you want to take advantage of whail room, they even put a fancy little video up over there if you want to go watch if you want to go and watch the video, click that button over there and you can watch the video that they made.

19:17 Um, you got $1,119 saving you 50%. It's usually going to be 2268. So, make sure that you renew a membership before this runs out. 97 of the 503 spots have been claimed. I want to remind you, Bitfunded were gracious enough over here to give you guys $10,000 accounts as well, included, right? Included. So, that is up to 150K if you get the lucky packet.

19:41 Some people get much more than 10K, but your minimum account size that you're receiving with that is 10K. And then you can just basically come and copy these trades to try and pass your challenge. And if you pass your challenge, you're trading with real money, right? Uh your team trades uh trades metals better than anyone else. Yeah, they're absolutely smashing it, right?

20:00 Remember, this was part of a wider plan that we put into place about 18 months ago. You know, this although yes, everything started off initially with crypto, we said that, you know, we have to adapt because crypto is just not what it used to be. And you'll notice that as well about the YouTube videos, it's been almost a year and a half that I've spent at least half of the content on these videos on trady markets because um crypto's been, you know, painful and punishing and we need to still make our daily bread.

20:27 somewhere else. So ultimately until crypto turns which we look at what exactly you guys know what we look at the daily exchange volume. We need this to reposition back up. I see that this has moved. It's changed. It used to be on the bottom. I said the whole site's been updated over here. We need this to move towards the upside right meaningfully. So not not little willy-nilly on the one month scales and things like that.

20:50 We need like you all of time, right? We need this big wave, big wave of money to come back in to heavily focus, right? You got to you got to um skate where the puck goes, as the saying goes, right? Skate where the puck goes. There's always a bull market and a tradable market somewhere. If you're getting rinsed in crypto, well, that's why we focus on other stuff because there is a lot of opportunities out there.

21:12 So, um anyways, cool. That's what we're waiting for. We're waiting for that to reposition. The skew is relatively balanced. Let's move on. Liquidations are quite high below. I'm building a long trade over here with a very tight stop loss and I'll show that to you in a moment. But I may as well put another order down at 73 because that looks effectively uh programmed to get hit.

21:30 I think I'll just do that right now. So, let's quickly put another um another limit order in over here. I'm just slowly um slowly slowly scaling uh into this positioning over here. Uh $73,000. And there we go. Okay, that's reset. I'll put in like another two grand over there. All right. So, we got another limit buy. We got another limit buy because I'm expecting this is for the Coinbase trading competition, by the way.

21:56 That's that's uh why I'm taking this trade over here. I've been scaling into that position. Again, guys, I think it's extremely high probability that this will get stopped out. I just want to be straight up, right? I think it's very high probability. Um, I still think that the bears have a massive element of control, but based on various different factors that we've spoken out like the TD9 sequential coming up into play 789, there is a possibility for a bounce and it's worth taking that risk, right?

22:19 Even though I think it's I'm probably going to get stopped out on that, but you got to at least take a bet at some point, right? So, liquidations. Let's see. Maybe it takes it and you get a sharp reaction out. What about the the weekly? Let's look at the weekly. Um, damn, now I'm logged out. Le let's just quickly log in here. Uh I can't I can't um dox the screen.

22:39 So just give me a second in terms of uh all the stuff. So give me a moment otherwise everything comes up with all the passwords and stuff and we know how dodgy you guys are. There's there's at least a dozen of you that will steal everything from you. Um okay, let's go. Let's go on to the I think I'm back in. Okay. Liquidation levels. Uh liquidation heat map.

23:01 Okay. Let's go. Um All right. So let's go back in. Let's have a look at the weekly. Let's have a look at the weekly over here. Okay. So you see in terms of closer liquidity, that's why I think that you might come in, sweep that level, maybe a little bit more fear into the stock market today. The spookiness of Friday the 13th is coming up. Maybe you take that downside liquidity and then this might only be next week, but the the liquidity is much higher on the weekly scale for that little bit of relief, a little bit of a

23:31 dead cat bounce. So um therefore in terms of the trade idea here it is right. It's pretty simple. We spoke about scaling into the position. 918 EMA is falling. It's breaking below the 200 EMA and MA. Um which is obviously not a good sign. Uh it it means look sure you'll probably get a reaction. It's still a downtrend and that reaction will probably fail into this candle over here.

23:51 This was the down candle. So you probably get something like this. A move up to about 79K leads to the next lower high. And then ultimately there's a good chance that you go lower after that. But for now, it's worth taking, right? It's worth taking in the short term because the risk is so small. So, if I get stopped out over here, which is a very tight stop, and I think it's it's there's a good chance that that happens.

24:14 I am fully prepped. If there's a strong enough wick that picks price back up, I will retake the trade again. All right. So, the risk is very, very small. As you can see, I'm going to enter again. And and look at the risk. I mean, you're not even taking like 1.5%. We got a green. We have the green dots over here. What that what we want to see is what happens as we're going into the weekly close.

24:36 Uh which if this breaks this, it gets sketchy. Very sketchy. Right. So you're below the 21 EMA. You've already This would be your second week. Don't fade that. Right. Two weeks below two weeks below the 21 EMA. It's starting to roll. Starting to roll. I don't quite think this is exactly the same as what we saw back with the USDC DP peg which obviously everyone is comparing this uh price action now okay to this I wouldn't necessarily say it's exactly exactly like this however if we got a sharp candle down and I've said

25:09 this many times and then reclaim sure maybe then uh uh we have something more to work with with better better confidence because what we want to see now is what happens on the weekly because the weekly is going to bleed into the monthly and And if the monthly closes below the white line over here, we're already below last month's low and the month before that low, which is not a good sign.

25:30 This has the potential to play out the ABC correction. And then USDT dominance, um, you know, is the stocastic RSIs are still moving up, you are on the weekly time frame above your 50 EMA. And if you close, right, if you close, that's why this week's important. If you close above there, this would theoretically be the start of a potential breakout. However, however, however, this was a big candle, right?

25:54 This was a big candle and sometimes when you see those inefficient moves, you come back and you just test some of that. So, it is possible that you rally up, fail, and then come back down. But one step at a time, one step at a time. This is what you have to ask yourself, right? Um, what are you going to be backing? Is this a bullish penant leading for a bigger breakout?

26:11 I looked at this on various different time frames and it looks like this, right? Two week scale only just crossing up. You can look at the prior times that this crossed up, right? Big move, right? This one over here, even that led to two massive candles and then two um indecision candles at the highs over there. Look at the the time before that big move up.

26:32 Time before that, two week crosses up, big move up, right? Just think of it. This this can this can cause some pain. What about the 3-we scale? A little bit more noisy, but the 3-we scale is also about to cross up. What about the monthly? Monthly is still coming down, right? The monthly is still coming down over there. Okay, next. Uh let's see. Let's move on.

26:53 So that's the weekly. We're keeping an eye on this. This is an important one to watch. Uh we've covered BTC on the weekly with the 21 EMA. How's the volumes doing? All right. We haven't seen the climax of selling pressure like we have in the price cycles. It's another thing to help keep you sane and cautious. Uh we've spoken about the monthly. We've spoken about these these daily time frames over here.

27:14 Um all right. Yeah. So, the competition again, I have another little order set at $73,000. Remember the Coinbase trading competition. Um, let's quickly see it over here. You can join into the Telegram group as well, by the way, which is where I update the trade. So, if you go through over there to the link in the description below, step one, first sign up to Coinbase, claim your $275 deposit bonus.

27:36 By using this link, you'll be affiliated with me, which means they're also going to give you 80% off on your trading fees uh for spot trading. Right now, remember, even if you signed up to Coinbase before in the past, like years ago, this will still be applicable for you. You get your sign up bonus and your 80% fee reduction. Then come through, join the competition.

27:57 Big, big, big competition. $2 million up for grabs. The winners will be flown out with the CEO of um with Brian Armstrong, the CEO of Coinbase, and you'll be able to go for a a networking event with the other top traders, right? And then join the Telegram if you want the trades. They are um dropped in there as well, like this, right? Setups like this.

28:20 Okay, amazing. So, let's move on. What about Ethereum? Okay, Ethereum is also coming into this important zone, but again, it just looks heavy. I think that when it comes to Ethereum rather we have more confluence on Bitcoin to catch a falling knife and to create buys over here um you know than than you do for example on Ethereum. Ethereum you know I'm still leaning towards this breaking down.

28:43 This is the ETHBTC chart. That means that Bitcoin is going to outperform Ethereum. You know that can happen in two ways. Either Bitcoin goes up faster than Ethereum or Bitcoin goes down less than Ethereum and Ethereum goes down harder. You know, based on this signaling over here, I would lean towards it's still going to be risk off. Okay, so this is telling us crypto is relatively weaker compared to the rest of the markets.

29:05 Still, still still weaker, right? It hasn't bucked that trend yet. Uh still very much a downtrend. Potential for the first high low, but I'm not I'm thinking that's not going to hold, right? Look at this on a weekly scale. Big rejection candle. This candle is basically going to probably open and close underneath that trend, right? If we uh really draw like specific trend line rules.

29:23 There we go. Going through the wicks but touching all the bodies of the candle. This candle's already broken. I'm trying to be um I'm trying to give the benefit of the doubt like this, right? To the the bulls. So, being as kind as possible to the bulls, this is the best that I can do is go from wick to wick to wick. And right now, you're below that.

29:42 All right. Right now, you are below that. So, therefore, what does that mean? There's not many good opportunities in the crypto space. That's what it means. I think that the better trades are what I highlighted, Google, Nvidia for potential swing failure patterns on those range lows. Again, you need a trigger plan. It has to swing fail. Apple's the strongest of the lot.

30:01 That still looks okay. Uh oil's on the 200 EMA, potential trade opportunity over there as well. Um and then when it comes to the crypto sector, Bitcoin pump potentially because pump has swept this level. All right, so we have a sweep of this level. Very similar kind of setup, right? um you need to utilize the low time frames to get your your your plan of action together, right?

30:25 So basically um what I'll do is just using the hourly time frame. I'll basically just throw in a trend line like that. You can effectively build a long trade here now, right? You can build a long trade over here now. Maybe I'll change the color so you can see this. Let's go two points. Let's put on in in white over there. Right? So I'd be looking for long trades pretty much here now.

30:45 And I would have my stops below here. Right? If you start to break down this trend line, this thing's gonna it's going to drop. It's going to drop hard. This is pump. If it can hold this trend line like this, you have the you have the potential that that's what they call a failed auction or also known as a swing failure pattern, right? You swept the lows out, reclaimed the trading range, and basically you failed the swing low.

31:09 The swing lows failed. That's it. It's the end, and you're looking for a reversal. Okay, so those are some trade opportunities. Um, so we've got, yeah, we've got Nvidia, we got Google, we got oil potentially on a long trade as well. We have Pump. I think Salana might be one that we also looked at. So, let's go to Salana purely because it's coming into the daily fair value gap.

31:33 So, it's very similar to the rest of them. Daily fair value gap. You're kind of keeping your uh your stops nice and tight below these lows. You might need to see a bit more development over here, right? Let's just quickly do something similar. just put that trend line in. I mean, if you start to break even on the hourly below this trend line, it's probably going to leg down again.

31:56 All right. So, you can see right there, two options. As I've always said, there's two options. Look, I think that you probably get into a better position on and and maybe I'll put in a horizontal line for this. You get into a bit of a better position if you start to get back above all of this. You can see this is going to be underside resistance. There you go.

32:14 8585 and this was your breakdown level. So a you're either just basically longing over here and praying to the the bullards the bullards and the bullards that the bull tards would would max deploy and get this thing back up or you wait for the confirmation which would be getting above 8585. All right, 8585 is like you know the same number over there twice in a row.

32:40 That must be magical. Must be some significance to that. Okay, other than that, what about hyperlquid? Let's go back to hyperlquid. All right, all the same story, right? On the hourly time frame, all the same story. Just map out those lows. You take out this, you take out this trend line, this thing's going lower. This hasn't come into its fair value gap yet.

32:59 The fair value gap's in blue. This is what we're hoping to see, right? Look, I'm not optimistic that this is going to hold. I must be honest. I I think it's very unlikely. I think that Bitcoin is very unlikely to play out that long trade. I think it's going to stop out, but I'm still taking the swing, right? If momentum begins to shift, I can see quite a strong relief rally happen very, very, very quickly.

33:24 And I'd at least want to be positioned for that if I'm taking minuscule risk, right? I'm taking like, you know, I could make 10, 15, $20,000 and I'm risking like $1,000. Like, it's it's worth it. It's worth it. And you can work your own numbers, right? Maybe then for you it's not. Maybe you're risking $100 to maybe make 10 to make $1,000 or $2,000. It's worth it.

33:47 I think $100 you were going to go and waste that this weekend anyway. Just be honest. You were going to waste that money anyways. All right. Next. Um, lighter is still doing pretty well. Not bad. Lighter is holding up over here. It's one of the strongest. I mean, I hope this this is a a good omen for Omni variational, which is going to be the token is coming up soon.

34:11 Part of the reason why I'd also really hope that we put in a high low because I would want that token to launch into max bullishness, right? I would hope so. Like if if the market is tanking, those tokens are going to get dumped fast. I'm sure unfortunately that's the reality, right? You really want to launch these tokens into a strong market. So hopefully we round out over here.

34:32 I I would assume that the team is probably like this is just my guess. I think that the team if I were if I were running the team and when the tokens are going to release it would be later now, right? I would I would I would hold off until rather they said Q4. I'd rather hold off until later December then launch it right now. Like as soon as if you start to get a bounce out of these zones, um you know, if you bounce out of these zones, if you get back above this high at 81,200, if variational is watching this, that's

35:00 where you just, you know, max deploy, release, release those tokens to the masses because FOMO will reenter the market very quickly over there. Okay. Um nice. What else? What else, guys? Um, another thing to make mention of for those of you that are trading on Blofen or you haven't yet traded on Blofen, they have a big special right now that's running.

35:23 It's a lucky draw, right? Um, it's a raffle lucky draw. So, you can see over here, Blofen, you are going to be part of a live stream giveaway for 20,000 USDT, 20 winners, $1,000 each in future bonuses. Um, basically, if you sign up over there, you're eligible straight away for the tickets. And I don't necessarily think you have to watch the live stream, but you'll be entered into the the raffle, right?

35:48 So that's going to be ongoing for the next 25 days. If you are also on Blofen, you can come and spin the wheel. All right, so just select over there blowfin. Select your exchange and let's see if I win anything today. Nothing. Not today. Not today. I've got 40 bucks so far. 40 or 50 in winnings. All righty. Nice, nice, nice, nice. So, um, yeah. Lastly, lastly, lastly as well is the let's see if what Rand's put in over here in these rooms.

36:15 Okay, firstly we have the World Series of Trading Competition as you guys know. So the trades are being dropped there. But I wanted to see on this whole 10 million thing. Um if anything new has been deployed that's still okay. We got now we got Zcash. We got a Zcash entry. We covered already arrow. Um we covered grass. Oh, we did cover Zcash, but let's have a look at Zcash anyway again because obviously still uh super popular, right?

36:38 I think you're going to hit it. I think that you're going to hit it, right? Even if this candle closes green, I think you're coming into this candle. 875 at least. All right. 875. Potential pause in price action over there. Look, it's coming down sharp. So, it's it it may even run it through like it it's probably not going to just stop there, right?

36:59 You may run it through in the coming days like something like this to round out. So this lines up trajectory wise mid December. Mid December. All right. The they them came and did a YouTube video on Zcash and it was cooked. That's it. The they them. The they them dos and sers. They came. They sat in their dresses and they did a YouTube video. Right.

37:26 You'll have to go on X if you want more information about that. But watch with your eyes closed. That's all I'm saying. All right, guys. That is it from me. Let's leave it at that. I'll see you all on the next one. Hope all of you have an absolutely beautiful day. Um, let's see what the market gives us tomorrow and over the course of today. Cheers.