Bitcoin is in a trap setup: liquidity above price suggests a short-term squeeze to 84-85,000 that could liquidate one side, but if the market fails to reach those areas, the expectation is a move down toward 76,000, with a break of 80,000 support as the bearish trigger.
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00:00 Hello, fam. Happy Tuesday, guys. Nice punchy, short, informative show today. Right, Bitcoin is sitting between two places. 85,000 and then we're looking at down at 76,000. Right, we're at the point where we're going to start making that decision now in the next 24 hours. So, in this stream, I'm going to show you guys the trap zones. We might actually see a short-term squeeze to the upside.
00:21 And I actually have some charts and trades for you guys today. If we have that move, then I want to speak around us that area of actually dropping down to 76,000 or are we actually going to go down straight from where we are now. Now, with that being said, the market has broken out of this range and it's now getting to incredible trading territory. So, today I want to give you guys lots of setups.
00:46 Prepare for the next trap. I do believe the market is about to trap everyone out. No wasting time. Let's go. Yo, >> I try and help [music] everyone in my space and this is what I get. I try and fight [music] the show. >> Okay, so let's jump straight into it. The first thing is I want to bring you guys a huge huge opportunity as I think we've created the coolest tool you ever get, right?
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01:59 Right? We spoke about a couple of trade setups. Spoke about a Bitcoin trade, a NEA trade, I got a long position. Okay. Uh we have a um a gold short position, right? We have a Ethereum position, right? These are all positions of hey, these are setups for the day where we can trade, right? Then what you have is you have the chat here where everyone is basically trading.
02:21 Okay, you can see that I'm not even in the stream anymore and people are still sitting here. Everyone's a part of the the chats are and are in play. Okay, you can see the positions, right? Everyone's basically in and going. You can take your positions, right? Even here. Oh, I like this. This looks pretty good. Let me take it. Right. What it does is it sets up the limit order and there's the position.
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03:01 Any of these links, let me show you guys here. Here we go. You have WEX, which have 60 60,000 deposit bonuses right now. You have Bibbitz, you have Blofen, right? If you have a Tubbit, right, any of these accounts, all you have to do is connect your exchange. You have to be using one of these links. All right? Doesn't cost you anything. Okay? But you need to be using these links to get into the room, right?
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03:44 I can trade my buy bits, my WEX, my blowofen, all of it in one place. So, I invite you all I'm going to pop below the live room link, which means that once you open up an account and you connected your account, which will take you two minutes, right, come and join my room, right? We're going to be live at multiple stages today and we're running this room.
04:05 So even if I am trading outside of not being here live, you're going to see me open positions as an example, right? If we look here, okay, I took a position. You see me take the position. I'm not even live right now, but I took the position. You get to see the positions. You get to see these different things in play. The coolest place you get to trade.
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05:09 If you are a Jackson, go book Jackson today. You get the username, right? It's very cool. But guys, nonetheless, I'm excited. We trading. We're growing accounts here. Um, very exciting place uh to be here. Um, so with that being said, there we go. Okay, now let's jump back in over here and let's go through what I'm seeing in the markets right now. We are in a trap.
05:32 If you look at liquidity right now as it stands, we're sitting with yellow at the top, right? So, don't be surprised for a shake out to the upside. Okay, with that being said, longs will come into the market. We'll open a pool. I'm still not 100% convinced on the high time frame we are bullish just yet, right? There's a couple of signs that I want us to pay attention to, right?
05:51 Is we haven't hit the big support zones yet, right? So on higher time frame, right, we can see short-term bounces. But I do see over the next week or two are still dropping down on altcoins, right? Are still coming down on Bitcoin and attempting to see are we going to hold this important lows here of late 79,000 or are we actually going to go down to the areas of 76,000 right as it stands right now.
06:14 Okay, we still have liquidity to fill down and this is still very much an option. Okay, but now let's jump into the short time uh uh time frame. What I'm seeing here, right, is I'm seeing for now the market continue to chop, right? This wedge gives me that indication. Okay, so couple of plays for today. First one is a drop and a long up to 84 85,000.
06:33 From there, I'm pretty bearish down here. Okay, so for now, the first setup, and that's why I gave a setup over here to say, guys, I'm long, right? So, I'm long on Bitcoin. Boom. I'm in over there on a position for short-term longs to make some cash today. Okay, up there. If we don't get to th areas, I will be bearish to a move down to this area. That's the first play.
06:52 The second play, right, is if I was looking to be bearish today or anything like that, okay, or to to say, "Hey, we're going to we're just going to possibly go down here first, right? We need to lose the support of 80,000 and then we start moving down." Okay, there's the there's the very simple scenario of where we are now. High time frame, yet again, we need to come and find support.
07:12 After support, I'm looking at a 10 to $100,000 over the next couple of weeks. But first, are we going to bounce here? Are we going to bounce here? Right? That's where we are. high time frame when it comes to altcoins right now. This is where altcoins are at. Okay, so alcoins are at this place now where we might actually see a again short time frame, right?
07:28 We might actually see a pop from here, pop up there, okay, and then bearish to the downside. Okay, or like I said, fast acceleration down and move up. Okay, so again, get your long-term buys ready. This is still a scenario in play, right? All of this is good lading in territory. Get your favorite coins, start loading up. No financial advice, but is exactly what I'm doing, right?
07:50 Uh in these areas, I'm preparing the long-term bags. But what I like about the market is it's at the point of trading, right? So, let's go through one chart and then I'm going to pop into the trades. So, this is where the USDT dominance is sitting on the short time frame. It's in a wedge. So, as it stands right now, we could actually see this drop off and then do that.
08:10 So, again, this indicates possible bullish scenario come into play for a day or so and then we're looking at possibly bearish from there. Right? If we go bearish from here, it's there, it's down there, right? But there is turbulence here, here, here. So, right now, slightly towards short-term bullish. Okay, but both are in play. And when it comes to the Bitcoin dominance, just know that we are at resistance.
08:34 Okay, so look at this resistance we at. Okay, which means that for as long as we don't get through here, we could actually see strength come back into the altcoins. Kind of plays into the play of a short-term bounce now kind of view. Okay, then something like this and then huge moves by the end of the year. Right, that's still the basic play. So, couple of trades that I am in right now.
08:52 The first one I want to give you guys is near protocol. Okay, so I'm in a near trade. Let's pop in here. There we go. Okay, so the near trade that I'm basically seeing for now, okay, is this trade setup over here. Okay, go to the 1 hour. See this chart in play here. I'm looking at a possible long from near from here to $5. That's the first long that I'm seeing.
09:13 higher time frame, I do think we're going to catch $4 to the downside. For now, this is one trade. So, just to show you guys, when I'm doing a trade setup, I look at something like this. I look at where's a good risk-to-reward. I got a major trend here. I got a Fibonacci in play and I'm looking at taking that trade. So, that's one long that I'm in. If I'm looking to short, right, I'm looking for either here to short or I'm looking for here to short, right?
09:33 As it stands, the only position I'm seeing if I wanted to trade now is long positions for now, right? lot of other charts and and and and trades that I'm looking for here, right, is AVAC. If Avac holds, if you look at AVAX and you zoom out, you see this trend coming all the way up, right? We're now reaching a three- touch trend line point and Fibonacci points too, right?
09:55 And horizontals. Okay, I'm looking at actually a long up to this area over here, right? So, there might be a nice little AVAX long in play. Okay, when it comes to this, if I'm shorting, I'm shorting on this side or I'm shorting up over here, right? So the two trades that I have for you guys now is AVAC coming in near long and a bitcoin long as well.
10:14 So three trades for you guys. I also have the coolest product that you get right for you guys to join and be a part of from today. Okay. And other than that have a fantastic day. Love you lots. Bye. >> [music]