THIS IS IT: Bitcoin Bulls Must Hold This EXACT Level Or We Dumping Hard! Transcript, AI Summary & Key Points

00:02 We have Bitcoin in a pretty tight range and there's a whole lot of liquidity that's stacked both above and below price. So, the question to you guys is what comes first, $76,000 for Bitcoin or $86,000? Pretty much an equal distance away from the current price action. You can vote on the poll over here. So, smash the like button and let me know. Right now, you can see it's quite evenly split, slightly skewed towards um the expectation that price will go to uh the upside first, right?

00:28 We'll talk about where the liquidity is stacked, what the trade setup looks like, um, and a whole lot more, right? It's super super compressed in terms of price and there's a whole lot going on in the trady markets as well, which have for the most part had a pretty tough week, right? So, will we see continuation of the bounce that occurred yesterday, or are we going to see prices going lower?

00:47 That's what we'll discuss. um as we do see things heating up in the energy sector as well with oil really starting to press that bound um on the the upper range level over here which is coming in at around that 118. So if you look at the DXY as well remember the DXY it's been a tricky one for the last while we've been discussing is this macro reaccumulation meaning a move towards the upside is expected or uh distribution meaning a big move towards the downside.

01:15 Right now, the trends are definitely towards the upside. Literally putting in higher highs and higher lows, higher highs. And therefore, anything that pulls back over here, I guess the expectation is you're probably going to be getting a higher low. And therefore, it is still more likely that you're getting that reaccumulation for a larger upside move, which does add a little bit of a um headwind, right, for the traditional markets over there.

01:37 Uh it does add a little bit of pressure for risk assets to try and rally. And then on the same side of the coin, you have, of course, the energy sector, XLE, breaking out, still rallying towards the upside, coming in for that 161.8% target at $69. And then oil as well, as just mentioned, really applying pressure. And then yesterday, we heard as well that the US did um initiate strikes for the first time in quite a while on Iran.

02:01 So probably going to have some kind of retaliation over there. We know that for the the straits, well, that trade is still on the table. Even though it's become uh from a narrative perspective, maybe a little bit more stale. It's not as interesting, but the fact of the matter is that oil is still moving towards the upside. Now, I would be paying attention to probably a whole lot of technical stop- losses that are placed under this trend line.

02:23 Sure, you could get a bit of a drop like that, but for now, in the short term, um oil bulls are in control and we're seeing this move towards the upside. And if that's the case, well, we can continue to hold the Bloom Energy trade over here, which has had quite a big pullback. Remember, it's important of taking profits along the way. As a typical rule of thumb, what we tend to do is we break this up into three different parts.

02:45 Uh so TP1, TP2, and then TP3 one/ird of the way. So you'll take partial profits over there, partial profits over there, partial profits over there, and then leave some on the table. So, if you have taken profits, this would probably be a good place if you start to see strength coming back in to reallocate that into Bloom Energy. We're still holding this trade over here.

03:05 Uh the volume has dropped off a whole lot, but for the most part, the trade in my opinion is still somewhat valid, but we need to see strength come back into the market over there. So we'll have a quick look at the US indices as well with the Dow Jones putting in a little bit of red but for the most part holding this area of interest that we looked at the bounce out of this zone and you still want to see that reclaim for bulls to get back in control by reclaiming 53,000 right and then the S&P 500 also holding on over

03:32 there. Um we did see some volume increase on the selling pressure over there. So uh bulls do need to step back in very very soon. It's kind of like Bitcoin uh rangebound, very tight and a do or die situation in terms of um who's going to be taking over. So QQQ3, one of the long trades I'm still holding. Um you know, I'm giving it the benefit of the doubt that it can bump and run off of this uh trend line over here that's broken and that you can start to get a bit of upside uh upside momentum over there.

03:59 And then the next one is the mags, right? Just a quick overview on this. Also still holding this. We had an update yesterday. We'll see if we can get follow through my exposures in the form of MAG X which you know this has been a compression into a triangle or breakout a retest over there but uh from a horizontal perspective which is always to me the most important in terms of sequencing in terms of what I look at this is one of the most important things I would want to see a reclaim of the 63 level ASAP if we hold

04:26 underneath that I have to play the range trade and say there's a real chance that this is a deviation of the high and therefore this could be coming all the back down into the mid-range, which would mean [clears throat] lower prices, right, for MAG X. So, for now, I'm holding it. We can individually look at each of the MAG 7s, which make up that MAG X um uh trade over there on the ETF.

04:47 And Amazon still in profit over there. That trade looks okay. Google um you know, trade is slightly underwater, but you of course you can grid order in and scale into the position. Very much like Bitcoin, do or die, right? Do or die. This is the level that must hold. If we start to break down this level over here, you're coming deeper into the range low.

05:04 That could mean a move all the way towards where your stop loss is over here, 310, 320, give or take. Apple's still holding on over here, but a lot of sell pressure over the last couple of days, but if you can get a bit of a rebound over there, it will look okay. Uh Nvidia, sloppy chart, no comments over there. We'll have to give it a bit of time. I'm not taking any trades over there.

05:23 Meta obviously had a big move up out of the symmetrical triangle. Um, and now you'll be targeting around that 0.382 as well as the 50% level. So, we can just see quickly how that lines up over here. Uh, let's throw that on. And you've come in very close to that 0.382. So, that means don't break down below Monday, the 21st of September's candle. Um, all right.

05:45 We've said that Microsoft's also a bit in no man's land, but holding up near those highs. And then we've seen Tesla as well starting to bounce very very very similar to Google in the sense that you're getting that compression over there into the triangle and therefore we expectant that we're going to get a large move um sometime soon right so uh you will find that this is telling the same story as Bitcoin with a compression over here happening on the Ballinger band width percentile which just means the Ballinger bands

06:12 are squeezing the ranges are getting tighter and we're waiting for that expansion and that expansion is going to lead probably the next couple of thousand move whether that's going to be 76 or $86,000. So for those of you if you do want to trade for example the oil trade before the breakout that breakout could send oil absolutely flying. Um oil is listed over here on BTCC.

06:33 The link is in the description below. You got also all of the memory stocks you've got so like SanDisk which is actually getting quite smashed right. We should go on to that. Just a quick mention, if you do want to take advantage of uh using BTCC, they're giving you a $1,000 airdrop position, right? So, deposit $200 or more within 7 days and they're giving you a $1,000 airdrop position.

06:55 Um, and that is on ETH, BTC, XRP, or Soul. You'll get a position over there that you can take a trade with. Um, all right. So, quickly going on to those memory stocks. I was looking at the uh DRRAM over here, Round Memory ETF. And again, overnight trading, trading back down towards those lows, right? So, this is really starting to threaten this level.

07:15 Um, and I I guess if you start to break below 44, uh, this will be pretty catastrophic for the the memory stocks over there. And then the same thing on the semiconductor ETF, right? This consolidation overnight trading coming back into the lows, this is like moments away from starting to collapse and fall through. Um, and this is why you need to utilize that risk management, right?

07:36 If this does start to fall through, your next major support is coming all the way into the 50 to 60 region, which to give you perspective is like another 40% drop. 40% drop on these um you know AI stocks and the memory stocks is going to be pretty brutal for the market. So, I'd definitely be tightening stop losses, managing the risk that you have exposed.

07:56 Consider what the worst side uh the worst downside scenario would be and how to manage your risk accordingly because um you know some of these trades can really really begin to fall through. Uh MU, you got uh Intel. Remember this trade over here stops at break even. There's absolutely no need to lose. We took such small risk on initially taking this trade and what I just highlighted in the beginning partial profits taken along the way right in typically one-third increments.

08:23 So one third of the way through take 30% off one third of the way through take another 30 one and then the next third take another 30 which we didn't make it to the uh the top of the trade over there and this has the potential to be the blowoff top right so blowoff top over here comes down into a complacency bounce um pull up the Wall Street cheat sheet and and overlay that chart and look at the psychology more specifically at each of those levels um is this your first lower high also known as your complacency bounce

08:51 on the Wall Street cheat sheet. That is the real question, right? I don't have the absolute answer for that. Otherwise, I would just go max short if that if if I had the answer on that. But level to level, this could be your first lower high. So, definitely be on the lookout over there for something like that when when we look at these um you know, individual things like uh SOXL and DRRAM over there, which has been coming down.

09:14 All right, so let's move into Bitcoin. I want to showcase to you exactly what this tight trading range looks like and how specifically you can play that trade over there. Long to short ratio relatively balanced over there. Market in the doubt zone. So we've reset on the fe and greed coming more into the neutral territory which we spoke about. It would be really good to see a little bit of a deeper drop from a sentiment perspective to really reset the market.

09:37 And then in alignment with the Ballinger band squeezing over here, you can see that is validated as well by the total liquidations getting less and less and less. These are very very very low numbers which means when you see that that's where you want to actually focus on what the liquidity charts look like because um the market will tend to move to where towards where the liquidity is the greatest and I'll show you where the liquidity is the greatest and why I have that particular trade on the table.

10:01 remember um the odds I would say the probabilities are not very very high in a directional bias in the short term right now but um if we're using uh some sort of confluent factors like where the liquidity is the greatest and you have a decent chart setup it still makes sense to take the trade I just wouldn't size up in the same kind of way so keep that in mind when I go into the Bitcoin trade right exchange volume still also trying to defend and hold this level and let's quickly see the ETFs actually yesterday was

10:28 quite a big um update on the ETF alongside the stock market that was bouncing and then we can look at ETH. ETH over here had a down day, right? Down day in terms of the ETF. So compression is present. The uh higher time frames and the lower time frames are going to tell two different stories, right? So, this is why that compression and the expansion out of that compression is going to be important to get your direction and and have a plan in action because on the high time frame like the weekly over here, you can see

10:56 you do have your momentum oscillator beginning to roll over with a red dot confirmed. And if that does happen, remember this is your big SR flip. This would be um a deviation of a range high. If you deviate the range high, there's that that's where you open up the possibility of dropping into that pocket over there between 68 and $72,000, which is going to be give or take the mid-range, right?

11:16 So, you got your range low, you got your mid-range, and you got your range high coming into play over here. So, you'd be targeting more or less that mid-range, which is confluent with those fib levels. And that is what your high time frame suggests, right? if this does begin to roll over. But you'll see if you go on to the daily time frame, um there's been a meaningful reset and you're starting to get the momentum oscillator turning back up.

11:35 So this is what's making the market so tricky for so many traders and analysts out there to determine the directional bias, right? You can see over here um if you look at the hourly time frame, this is also showcasing that it has the potential to bounce. So again, what do you do with this information? I think that the probabilities are weighed greater towards where the liquidity is the highest in the presence of a drop off in volatility.

12:00 You're going to tend to see that expansion more likely happen wherever the wherever the um the liquidity is the greatest. And if we go to that I said the liquidity is ripe for the taking at 88K. Now that doesn't mean that there's any guarantees over here, right? In fact, there's very little guarantee and the probabilities of this playing out is low.

12:20 But if I had to choose a direction, I still give this very marginally higher. Right? When I say very marginally, I would say it's like 52% chance this plays out and 48% chance that this plays out first. So that that would be my vote in terms of which one I voted. I' I would have voted over here. 86K is more likely. And the data that I'm using to predict that is just where the liquidity is the greatest.

12:46 There's much much much more liquidity on both the weekly and the daily chart situated slightly up. Now, this is not sitting at the 88K, right? 88K is all the way up over here where there's actually not much liquidity. The liquidity on the weekly is sitting, you know, price what is what is the price right now, right? The price is like it's about $2,000 $3,000 higher at the most that you have that liquidity.

13:07 $108 million worth just above 83k on your weekly chart. And then if you go into your 24-hour chart, um this remember 24hour, anything above 20 million we consider significant. This is almost 30 million and that's also at about 83k. So looking at that on the low time frame, this is where your liquid your liquidation heat map um is showing the most liquidity.

13:28 So we have this compression again. You can see over here the compression in form of the rising trend line. We have the downs sloping trend line which has been dropping price with lower lows and lower highs and um ultimately attempted to break out and this is where the liquidity started to form was probably short traders that open up their positions over here on this.

13:47 Uh this is where the most amount of liquidity is currently sitting within the market. So yesterday I spoke about it in wh room the low to the high measuring into that golden pocket looking for price to potentially pull back and have a final final long attempt over there with stop losses below these lows. That's currently the case right. So um your range bound your rangebound environment is super super tight.

14:07 And if you can start to break above 822 with some hourly closing candles that should do the trick to suck this like a magnet into that 83k zone and then you never know maybe the picture starts to change right once you do that you clear out your first higher high. Any throwback into a higher low might get things going to take out this liquidity over here in in the form of the yellow circles.

14:30 This is where price was kept with those daily wick highs. And then if you get through that, that's where you can start to talk about potentially squeezing maybe one last bit higher into the 88k zone, which is where also these daily highs started to form over here. So if I had to choose a trade and a direction, that would be the trade setup. And in fact, I do have that trade on the table.

14:51 Right? So this is the trade over here. I'll actually just allocate a tiny bit more over here into this trade um to size that up a little bit. All right. to just bring that average down. So, um that is on Coinbase that have taken that trade. For any of you that do want the same trade, remember they're giving you $275 in USDC. This is withdrawable funds.

15:12 Remember, they fix their link. So, if you go through and you click um activate rewards, it should it should help you to um claim those rewards, right? So, if you go through over there, uh there you go. Uh it will have a popup. I've already claimed my rewards. That's why I came with that popup. But you can choose and you can start to to um uh do the little tasks or whatever to get your USDC.

15:33 So the link is in the description below for that for those of you that want that. That's you know the one trade that I have on for crypto. We can look at other positions. Let me know in the comments what you want. Now of course let's talk about the flip side. This is still theoretically lower highs, right? This is what's making it tricky. you have that compression of the high lows, but you also have lower highs on the hourly time frame, and then you have the um of course uh the confusion between the weekly and the

15:59 lower time frames. So, if I'm taking a low time frame trade, I'm going to give the benefit of the doubt to the low time frame momentum oscillators. Hence, the trade setup allows for first a price move up into 833. If that um if this obviously starts to break down below these recent wicks over here, uh you know, that's a different picture. So then you're going to go for full distribution, right?

16:18 And if we do go for full distribution, what are the levels that are coming into play? It's going to be those key fips, right? $75,000 comes in first. After that, $72,000 is another key area. And in a more extreme scenario, you're talking about $68,000. So this can definitely fall through in a in a pretty big way, right? That would mean um effectively almost full retracing this entire move.

16:40 So you're coming in for this low. If if this deviates, if you fail this little small trend line over here, um you know, this is going to fall through very quickly like this, right? You're going to be looking at something like that, a sweep into that area. And I do believe there will be a lot of people that are buying into this zone, which means you you're going to get a technical bounce at minimum.

16:58 If that bounce goes into a lower high, the whole picture begins to shift. So, unfortunately, the current price action, this is one of those scenarios where it's up, down, sideways genius, right? Comments, right? This is this is the type of comments that you'll get. But it is one of those scenarios. Sometimes you have a very strong edge and other times there's a lot of mixed signals within the market coming into tight compression.

17:20 And I want to remind you an example of uh something similar that we navigated, right? We navigated something very similar on Bitcoin with this trade over here. So let's quickly go on to this and Salana. Do you guys remember we had the exact same scenario, very tight squeeze compression. Um, you know, I don't want to I don't want to say that we weren't expecting any downside when we took this trade over here, which was from $63,000 uh all the way up to 75.

17:44 I had an equal trade set up for the downside move. We're looking for a move down, I believe, to like $52,000 with a short position. All that we knew is we're getting that compression. Price is squeezing and we'll let the market choose the direction. We did a a very very very similar setup over here on Solana, which I'll just go on to the daily chart to highlight for you guys.

18:06 And it was the same thing, right? We looked for the long trade on Salana from $73 all the way up to the top side of the range at 105 and we got the trade. But at the same time, we had the same trade position on looking for the short trades while we're trying to get positioned over there. And we're looking for the move down uh to 48 and potentially even as low as $28.

18:23 All right, so this is what I'm talking about. When you have this type of environment, you should be looking to trade it in both directions and you're watching that tight compression and you're waiting for the expansion. And if you can position both ways without getting wrecked on either position, which you shouldn't um because those symmetrical triangles allow for you to position in both ways, right?

18:44 When you when you start to see uh this type of environment, all that you need to do is effectively find a way to move your stops. So, if you take the long trade, you just need to find a way for price to move in your favor. There you go. And now you have your stops at break even. And then on the short trade, same thing. You enter into the short position and then the bounce into the lower high, you've moved your stops to break even.

19:08 And now you have two trades on the table. And whichever way this wants to go is great, right? Sometimes you'll get screwed over and it will fake out, take out your short position um and then whack out your long position as well, right? That can happen. That can happen. But in this environment, we managed to successfully get both Bitcoin and Salana on the long side and then we got stopped out on those short trades that we had.

19:29 Right? So, we're in a similar environment right now. So, let me know in the comments um if there's anything in particular that you guys want to have a look at. Um and and we'll do that, right? We'll pull some of those up. But that's the main point over here. Okay. I see there's a lot of comments. Some of them are a little bit long to go through over here, but um guys are writing long long stories this morning.

19:47 All right. Uh let's see what else. What else? Okay. Uh let's go through. Let's go to ETH. How's ETH looking? Cuz that was one that we're talking about yesterday. So ETH, same story, right? You're getting that compression. So it makes sense to start to try and position into both trades, right? For now, you haven't broken this downtrend. We said we need to at least see a break of this hourly downtrend to um have a little bit more confluence and um confidence that this is going to be a major low over here within the

20:16 market. Another thing that we can do as well is you can just mark off some of these anchored VWAPs that can be cleared out as well. Where's our uh anchored VWAP over here? Let's just quickly put this into place. Um there we go. Uh is that going to go on? I'm going to have to refresh this. All right, let me do let's just quickly do a refresher over here.

20:36 Then I I'll wait for some of the uh the comments to come through over here. Uh all righty, ETH. Let's go back on to ETH. All right. Um, okay. There we go. Let's pull this back. And here it is. All right. So, let's just quickly mark from the major high. There we go. All right. So, ETH, it also I'd want to see a recapture of this, right? So, if you do break this trend line, you're not out of the woods yet on the long side.

21:04 You might just run it all the way up into that anchored VWAP at like 26 and then start to fail. So, just be aware of that. You got to manage the trade accordingly. But if you do break out of this trend line over here and you start to recapture this anchored view app at 26 on ETH, obviously that's going to change the whole picture. Um, this will start to look good at that point.

21:21 All right. Um, we can have a look at some of the other charts. It's gone to the dailies and we'll go on to I see there's requests over here for pump. Okay, let's see what pump's doing. So pump had a big reversal day. This is a significant area. Uh, it's very similar, guys. Not much has changed based on what we said yesterday. Ultimately, what's going to happen is Bitcoin will choose the direction and the rest of the market is going to follow.

21:43 And to be um you know, frank, it's going to be whatever the stock market does. If we see the NASDAQ ripping from uh from these levels and continuing its journey towards the upside and this is just simply a flush, then that's going to take Bitcoin up. If that takes Bitcoin up, you're probably going to find that this is a major low for uh for pump, which you can see a little bit clearer on the daily based on that candle.

22:06 then um expect a relief rally. All right. Um amazing. Okay. Basically, direction remains unknown. Uh says the comment over here from Clive. Exactly right. You're rangebound until such time as you break out of that trading range. So, what we're doing is we're having a look at a whole bunch of other things to try and give us maybe a little bit of hints and clues such as the liquidity, right?

22:30 Sometimes the liquidity charts are going to be where where it shows the most amount of liquidations will take place. Sometimes these are useless but where they are useful is in a very tight trading range because liquidity dries up, volume dries up and then market makers will always seek movement in the market and they tend to push that into where the most people are going to get wrecked.

22:51 And that's we get that answer from these heat map charts. Okay. So sometimes these heat map charts are going to be useless but this would be one of the times that I'd say there is a little a little bit tiny bit of an edge over there. Okay. Can we look at the Ballinger bands? Yes, we well we've had a look at the Ballinger bands. All that this is telling us is the daily rejecting off of the uh midband and you're getting an extreme squeeze measured by or or marked off by those blue lines.

23:17 And then we see the um also extreme compression taking place over here on the the 5day time frame where we've got a lot of edge. Right? So we spoke about over here this compression was going to lead to a large move. That was where we planned out this trade based off of that actual chart over there and we got the move and we said once you get into the 70 actually from about 70 to 100% uh you expect that move to start to fade.

23:43 All right. And that's basically where where we've stalled out over here and you're getting your your correction. All right. So for now look uh in terms of trend the trend is very much still towards the upside, right? That's the important thing. You got your lows and you got a big move up over here. you've officially taken out those lower highs and now theoretically anything that comes into this zone is possibly your first macro high low.

24:03 So have a plan in place. Have a plan in place. Right. Uh next moon cycle. We can have a look at the moon cycle. I think we're still in the presence of a bare moon. Uh let's have a look over here quickly. We can have a look. We're in the presence of a bare moon. That is uh but it is nearing its end. We we we 10 days in. So you got about until the end of this weekend.

24:29 All right. So by Sunday, you're going to start to print the next bull moon, which means I guess if you're using this in terms of your edge, uh you want to find that high low within that environment. Okay, amazing. Also guys, quick one for those of you that are looking to trade PES, especially if you're US-based, this is one of the first actually registered legal places that you can trade per if you're a US citizen.

24:51 Uh the link is in the description below. Kulchi Markets, they're giving a nice easy simple bonus which is literally deposit and trade $50 and they're going to give you $25. And then every week on a I think it's on a Friday, they're doing a $500 giveaway from those of you that do sign up, which means your odds are good, right? Because this is specific for this YouTube video.

25:14 It's specific for you guys. This is not worldwide that they're giving $500. It's for for you guys, for our community. Okay. Amazing. All right. What about Aster? How's this trade looking? It's all good, right? Everything is still fine over here. I'm still holding that uh that range level and trying to reaccumulate over here. So, no need to change anything on that trade.

25:34 Salana on the daily time frame also do or die situation. Basically, you don't want to take out these wick lows. If you do take out these wick lows, I would expect that you're going to sweep this out, right? Then you're probably doing something like that. Remember that you don't have to always be in a trade as well. That's another important thing, right?

25:51 When the conditions are tough like now, like don't rinse yourself. You don't need to you don't need to be in leverage trades all the time or consistently exposed to the market. This could be one of those times um where you can kind of just wait for a bit more of an indication in terms of what's happening next. Okay, nice SR flip over here on BNB. I saw that they burnt a massive amount of tokens as well that came up yesterday.

26:16 uh the announcement on X big air off flip region over here. You definitely want to see that reaccumulation if you want to be bullish on this um within this box over here like lowest you want to see those wicks is about 660. Okay, cool. Amazing. Uh Suie, we can have a look at Suie. All right, Suie fighting for the 50% level. Uh just like the rest of them, you know, kind of the do or die situation.

26:46 This is the zone where you want this thing to bounce. So measuring the fit from the low to the high, holding that 50% level is a an area of significance. If Bitcoin expands towards the upside, that's your high low and this thing is going to make another leg up. Okay, quant. We can have a look at quant. Uh quant as in Q& right, I think it's this one.

27:09 It was the crypto one that went crazy. Yep, there we go. Look at that. Wow. Unbelievable. Uh let's quickly see what the weekly looks like over here. Man, big retrace. When you see these kind of pumps, I wouldn't I wouldn't step in front of this um downward price action that's currently occurring. I'd rather wait for some strength to develop over here in a bit of a range, right?

27:28 So, very hard to comment on something like this. Uh you can always measure from the origin of the move to the height of the move over there. If you can start to get above that 50% level, it will look a bit better. You almost tag the golden pocket. But uh I mean I'm not a fan of these types of charts, right? Or to trade it now. If you're already in it from before, that's a different story.

27:50 Um you know, in terms of this trend, do we have something over here? It's a little bit of a a trend line, a downtrend that's forming. But very messy chart, right? At least break that. All right. At least break that on the low time frames and start to get back above these levels. Getting back above the 50% levels. Um important. So to to get bullish, I would prefer to see something like that, right?

28:12 Some kind of range and rounding out here. All right, cool. Guys, let me know in the comments what else. Limitless. I've never heard of Limitless other than the movie, but we can have a look at it. Um, Limitless. Oh my gosh, this is a long ticker. Uh, LMT. Let's just try that again. LMTUSDT. Let's use this one over here. I feel like there's not going to be much chart history.

28:47 Uh when did this come out? I mean, this is yeah, March this year. It's not much chart history. Really, really, really always difficult to make any kind of commentary on the these things. All that outdoors. I'd mark out where the most obvious range is. Um which I would be treating that as the range high down into this as the range low. I'll give it a little bit tighter over there and let's just mark out the range.

29:12 There it is. All right. Okay. So, rangebound environment pullbacks into the range quarterly. So, you can you can trade it back to the mid-range. But right now, this is going to be big resistance. Previous resistance support uh bearish order block drop price down. You're coming into that zone now. So, you want this above 558. All right. A lot of very strange coins that I've never seen that you guys are requesting over here.

29:42 We'll pull it up. Zama. Zama USDT. All right, let's have a look. Zamma. Never heard of these things. How much chart? Also, not much chart history, right? These things don't have much chart history. At least this one's more in an uptrend, right? So, they have been marching this thing onwards and upwards. But you often find this with these things. If if if the team is trying to paint a chart is literally what they call it, right?

30:03 They go to a market maker and they say, "Hey, we want to paint a pretty chart." And they pay them a whole bunch of money. And they paint the chart. They put in higher highs, high lows, and they grind it up. Cool. You can be on the right side of that trade. But, uh, just be aware of where that whole thing starts to fall to pieces and where it goes wrong.

30:17 Right. Right now, you're in the golden pocket. I think very similar to the chart that you guys requested on uh, quant, I would say at least start to break these downtrends, right? at least start to just get back above some of these downtrends that have occurred over here. Does this trend line make sense? Let's see. Um, probably this is going to be the line of best fit.

30:39 So, that again puts in place that 50% level. So, you got to clear out some of this resistance over here, 0.078. All right, let's have a look at FET. It was obviously one that we had a banger trade on. Um, let's take a look over here. So yeah, ultimately I mean the entry was down here at 17 like yeah 17 flat. This has to be the low. This has to be the low from Sunday.

31:08 You do not want to take out that low. If you take out that low, this thing is going to drop. So for me, in my opinion, Fed needs to uh basically defend the Sunday low. And just like Bitcoin, do or die, you want to see this thing begin to bounce out of the zone over here. All right, pretty critical zone. We can have a look also in terms of some key fib levels.

31:28 Pretty much nail that golden pocket as well. Absolutely perfectly similar to the rest as well. When you have a sketchy scenario or environment, you can just wait to break that downtrend. So right now, this on an hourly scale, this is very much in a downtrend. You need to start to get back above some of those lower highs and clear these levels out. All right, let's quickly check some of the stock things.

31:55 Um, how's Nike doing? I I did look at my brokerage account. I'm in profit. Okay, it's clean this level out. That's what we wanted to see. So, my I'm up on this position. I will probably add more. This is the point that I'll add more because we said if you just what I've told you on those crypto coins, right? I said if you can just break those hourly downtrends, that's your first sign that something different is happening, which you've now done.

32:17 This means Nike could put in a sizable relief rally over here. So, I'll be looking to um add a bit more into the Nike position and hopefully get a bit of a bounce over there. And then we'll look at SpaceX. Uh decent move into the 50% level. You know, I think bulls will try and defend this 140 zone and then have the earnings report coming out. All right.

32:42 Amazing. Amazing. So, we 32 minutes in. Uh very very very quick reminder again guys uh because we had a lot of messages with the whole Coinbase thing. You can claim your rewards now. So use the link below if you want to go and claim your rewards. Uh let's save the rest of the requests for next time, right? We've been through a whole lot. Um still in that compression environment.

33:05 So we'll see what happens if we're going to get expansion today or we going to have another boring day. Um time will tell. It's all going to be dependent on the stock market in my opinion. And I'll see you guys tomorrow. Have a good day everyone and cheers for now. [music]