WARNING: Bitcoin Is ALMOST In The Entry Zone! [But This MUST Hold] Transcript, AI Summary & Key Points

00:01 We have bears that are still running prices towards the downside, but now we fast approaching some of those key entry zones around the 21week exponential moving average, which is always one of the most key things to look at in terms of Bitcoin trends. Whether you are in an uptrend or downtrend, we tend to find that that exponential moving average holds as massive massive support.

00:21 So, we'll have a look at uh whether that level can hold and if not, what are going to be the lower targets to look at? We do still have red across the board over here on the weekly and you can see on the hourlys as well for the most part coming down once again. So the Asian markets selling um leading into the London session over there and then the stock market did get a little bit of a bounce.

00:41 If you look at the weekly over there we saw a little bit of relief on some of the stocks over there. But again um is it enough because it's a high impact week right? We have a lot going on. So the market's going to be pricing in what they think is coming in terms of the Fed funds rate and the FOMC press conference is also going to be after that and that's going to of course bring a lot of volatility.

01:00 So it's definitely going to be an important 24 to 48 hours. The next two days are pretty critical for the market and then if you thought that we over the hurdles we're not because then we have the midterms which are going to be coming up and everybody is waiting to see what Trump is going to say and do next. What's interesting is if we have a look at the historical trends when it comes to the FOMC, what we found is that usually leading into the FOMC, the opposite direction tends to occur afterwards.

01:27 Right? So if you look at the direction of the week leading into the announcement, it's mostly been opposite to the direction that followed the week after. Meaning that rallies into the meeting were followed later by declines and negative weeks going in were followed by positive weeks coming out. What are we in right now? we leading into a negative week going in.

01:46 So if the history were to repeat and we were to follow the similar pattern over here which you can do some pattern recognition that would mean that if we can hold those key supports it could potentially be a good buy the dip zone and lead to some further price action towards the upside. However, I guess you don't have the um headwind of the midterms which are coming up on any of these other prior FOMCs.

02:07 So that that is something to consider that um the pattern might be slightly different in that regard because we have a much more major thing that's coming up over there. Another thing to consider is that if we look at the Coinbase premium over here as well. Well, it's dropped to its lowest level since June, which remember June July is where you set in those major lows on Bitcoin around that 57 to $58,000 region.

02:30 And now we seeing the premium back in that environment, but we still need probably a bit more of a reset in terms of the fear and greed index and a little bit of a deeper drop. So when you line all of this up together, you find there is a pretty strong technical case for price to find support over here in the face of everything else that we're seeing.

02:49 And this is really the area of interest, right? Coming into that pink zone over there between 72,000 and I guess if you can wick through that EMA, that's coming in at about 77,000. So this is going to be an important area and it's very similar to what happened during the USDC DP peg um in terms of the first big strong move up and then the approach back down into that EMA and we can go back in time and have a look at that.

03:16 Right, we also came out of a falling wedge formation. The difference is over here um you attempted to break out but you had the FTX exchange collapsing over there, dropping price and leaving another 3 months of accumulation before marking up. So the most similar environment is going to be this one over here. If you look at that circled area if we do see something like that, some sort of a a more deep technical drop into that low $70,000 region and it does get bought up very quickly when we have the presence of of

03:43 course this data over here showing leading into the FOMC if it's going down then after the FOMC you tend to move up because we do the opposite and then on top of that the negative funding over there coming back down towards those lows. So there is some sort of a hopeium case over here that's building for the bulls but the low time frame trends are definitely towards the downside and uh the bears in the short term are control the in in control.

04:07 The real question is whether this level will hold. I could be a bit more generous and drop it a little bit lower down to 70,000 because that was your macro 50% level. If you look at the bull run of the prior cycle and you measure from the all-time low to the all-time high of that cycle, well, this is your midpoint and those midpoints always play a massive role of significance and you got your stop and reversal indicator trailing just below.

04:31 I think that the message is very clear and simple. This is a major support area that must hold and failure to hold that level could cascade price down back towards these lows. And if you do come into these lows, you really have to bring into question, is this the start of a bull run or just a massive trading range that's formed and potentially even still redistribution, right?

04:48 We don't have that answer yet, but I think we're going to get the answer very soon and we should know during the month of November. So, with that being said, you can come and vote over here. I'd love to get your guys' thoughts. Are you buying this Bitcoin dip? And by this Bitcoin dip, we're referring to any price action here or down towards the low70s.

05:04 Are you buying it? Vote over there. Yes, this is your chance. 45% of you have said that. We have 17% of you saying no because you actually already entered into the market. And 33% of you are calling for the bull trap, right? You're saying no. It's a huge bull trap over here. And I guess you expecting that price will go a whole lot lower. It's possible.

05:24 It's always possible. It's going to depend on the momentum coming into this area. And I'll bring up a chart to showcase what's happening with that momentum and how much more um strength the next trend could have. Right? So, it's going to be vitally important to study that chart. I'll show you the signs and the metrics that you want to look at as price comes down.

05:44 Assuming assuming price comes down into this level, if we begin to get expansion, I'll show you what we'll tell you that that expansion is nearing its end point and weakening, which is probably where you'd want to step in. Right? So, that's for Bitcoin on the high time frames. What we'll do is we'll have a look at the lower time frames and line up those momentum indicators over there to showcase how much speed this could come into that level with.

06:05 If we look over here at the DXY, which is the dollar index, um you know, we didn't get as low as the 0.382, more like the 0.31 probably, and it started to bounce off of this area. So, up it goes. This is your higher low at a major breakout area, and it's going to add a little bit of pressure onto the US equity market as it always does when it rips towards the upside like that.

06:27 So, um confluent with that, we're going to probably find the 10ear and the 30-year yield bouncing out of this zone. And I guess that we'll get the next move dependent on what happens with the Fed funds rate. Now, of course, right now it's forecasted that it's going to remain exactly the same. There's no going to not going to be any change to the interest rate decision, but remember that if these yields continue to pump towards the upside, um, you know, eventually this is going to force the Fed's hand and maybe not at

06:54 this meeting, but the next meeting. So, it's something worthwhile to consider. And of course, the market is forwardlooking, which means it's going to price that in at some point. So, um, basically a lot to play for and a lot to focus on over here. The Dow Jones is really weakening over here on the weekly time frame. Look at the daily. We still sitting in that rejective zone from the 50% level.

07:12 This is the level to reclaim at 53,000. The S&P 500 still rejecting. Had a little bit of a green update, but again, the level to clear is sitting at 50 or excuse me, at 7811, 7,811. That's the level to clear over there. And then we have the NASDAQ QQQ um dropping down over here in the overnight trading. So again, the level to clear 727. There's nothing to change over here.

07:36 Pretty much everything um is the same as what we mentioned yesterday because the price is pretty much in in the same place. So those are some of the things to look at. Let's quickly check out the energy sector, which is strong, melting towards the upside over here, hitting the 161.8 extension. So possibly a bit of a pause over here. We'll see if it gets that continuation.

07:55 And then of course you have oil. O oil coming exactly into the range high. Now remember what you need to do when you looking at a chart that's hitting resistance. I'm not necessarily advocating that you go short with some kind of a perpetual contract, but if you have been long on this, it is definitely still an environment to take some profits because if it is going to melt through and break to the upside, chances are you will still get a throwback and get your re-entry at pretty much exact place where you profit took,

08:22 right? And I also wouldn't advocate that you close out your entire oil position if you have been long off of this move over here with the higher lows that have been forming. Um, but just expect that any time that you come into a major resistance level and time, which is the white line that represents the timeline, reinforces a level, building up more strength over there, right?

08:44 Which means this is going to be still a significant resistance area. So therefore, rather you're better off letting it break and then buying the pullback over there as opposed to entering into fresh new longs right at theoretical resistance over there. All right, so that's that. Bloom Energy got absolutely smashed um in terms of the downward move over here but now it's coming into very critical uh support.

09:06 So same thing as oil um coming into resistance bloom energy theoretically coming into support. You can see over here previously resistance support support throws up and comes back down to back test that support area. So theoretically you're going to be looking for a bit of a bounce and relief on the Bloom Energy chart coming into this territory. whilst um the energy sector remains mostly strong.

09:27 All right. Okay. Um let's move on. So some of you have requested to look at the Cosby. Cosby holding up over here. It it's still theoretically in weak territory. It's going to take a lot of time to reaccumulate over here to be convincing that this is going to move back towards the upside. Otherwise, consolidations at major lows, which is what this is, are more likely actually to break in alignment with the trend, which would be towards the downside.

09:52 Right? So just be aware of that and we can have a look at some of the other things. What about the metals? The metals we spoke about a small technical bounce on the low time frames which you did get yesterday because you are coming into a major low but is it a bit worthy for the long term? I think that the answer is no. I think that this is mostly still weak and it really only positions back into strength when you begin to clear out some of these highs um these lower highs at least that have formed the wick highs that

10:18 are formed over there at 4,210. Right. So, silver marking down, looking pretty bleak over there, heading back towards the 0.786. All the metals are coming down, right? Look at that platinum brutal. It's coming in for the low over here. 1350. That's going to be the level to watch. Copper is still holding up, but given the weakness in the rest of the metals, personally, I wouldn't want to be long on copper either.

10:38 Um, and then just simply lower lows and lower highs on aluminium. And then palladium getting absolutely rinsed over here with the draw of liquidity coming in over here at about 879 for potential sweep of that level if this weakness persists. Right? So good news is for those of you that do want to trade the metals, if you're a medals trader, you trade gold, silver, etc., you can actually do so with no fees.

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11:30 Right? That's a position that you can take on those. And that's for anyone that hasn't um used BTCC before. If you want to sign up, the link is there for you guys with those savings. Um, all right, let's go on to crypto and just reanalyze and have a look at the lower time frames to see what exactly is going on over here. So, let's not confuse things.

11:48 What are we seeing over here? Long story short, we have a falling wedge which theoretically breaks towards the upside and the expectation is that you come into target one over here and target two would be a move back towards the highs. Right? Keeping it super simple in terms of a trend. Well, you put in your first higher high. This is coming in for your first high low.

12:06 So what we know from this is that the weekly looks like it wants to establish an uptrend. It's going to be questionable what happens over here in the low7s. So now that we got that out of the way, we can go on to things like the daily which show a little bit of a different picture, right? Because the daily has mostly been rangebound. So if you look at the daily from a rangebound perspective, and this is up to you to determine, are you going to enter into this as a range trader or as a trend trader?

12:30 Well, I would look at it from both perspectives. Uh, what I'd want to do is if I was a range trader, well, ultimately you'd be short on the deviation and you'd be targeting the mid-range, which is going to be coming into that sweet spot, that golden pocket between the 50% level um, and that 0.618, which is your low70s. Now, theoretically, a range trader would look to profit into that mid-range.

12:52 The good news is that the confluence between the mid-range on the daily is the confluence with the higher low on the weekly uptrend. Okay? So, you want to align those two things together. you're getting volatility expansion right now. There's still um you know potentially major expansion that could take place over here because we're coming off very very very low levels.

13:11 Whenever you see the blue vertical lines, you know that a big move is potentially coming and you've now crossed above the 10 percentile mark which shows hey this could be the start of that move. Now theoretically there is always the possibility that you hold this range level which is marked by your orange horizontal line and you spike back up. Now remember this range that we have over here is effectively looking at the deviation at the top.

13:33 Right? So you got miniature ranges. There we go. Miniature ranges on the top of a large range. So if this does expand and we start to close candles below here, which is looking more likely right now in the short term, then this expansion could lead quite easily to that deeper drop down into the low70s. So ultimately, you're going to have to have a plan.

13:54 There's a couple of ways that you could deal with this. One way is that you can uh pretty much divide your orders up and just split them like this into a grid, right? So you put uh you know uh horizontal lines over here, equal grids and you just buy by by buy all the way down and you can basically I would say you can buy as low as like in the worst case scenario 63 if it's a little bit of a scam wick.

14:16 Anything below that and the whole structure is messed up. The alternative is you can take a sit and wait approach where you analyze price and either have your validation invalidation level meaning if you reclaim a certain level you flip back long and you say that this thing's back in um back in gear for risk on and moving towards the upside or alternatively you sit with your more greedy orders down in the lower region which is basically the target zone.

14:42 Now I say this because there's a lot of um of course uh there is a lot of emotion in the market right so there's absolutely no guarantee that you would hit this because there's a lot of mo emotion in the market you can see quite wild swings and volatile price action especially around major economic events and the midterms and things like that that are coming up.

15:02 So you got to have multiple plans in place right? So, one of the plans that I have is I simply just come on over here and I just go into my Coinbase account and I simply just every single day, no matter what, um I just buy $100 of Bitcoin. Like literally as easy as that, right? That's one simple strategy to just forever gain exposure. You just buy a hundred bucks of Bitcoin or whatever is the number that makes you happy, right?

15:24 Maybe it's a,000 for you, 10,000, maybe it's 50, maybe it's $1 or $10, right? you basically just keep that thing ticking over to control your emotions in the event that your plan doesn't take place and you don't get your sweet spot for the large entry. So what we can see over here is if we again have a look at this and this expansion takes place we have the fib levels that are coming in as key supports which would also fill up a lot of that inefficient move that took place which we've been speaking about a lot.

15:54 We spoke about the RSI breaking the descending triangle which has now taken place over here and it's still moving towards the downside. And then the next thing that we have confluence is of course going to be twofold, right? One is going to be a move potentially into the trend line over here. That's the white line over here. This is your um basically your expanding pattern over here.

16:14 A move towards the top side. Another move back down towards the downside confluent with the 200 EMA and SMA. Right? So a simple moving average and exponential moving average. This is confluent with all of those factors. So, a lot of confluence, horizontal, strong EMAs, strong fib levels, and most importantly is the sentiment is if that move down does happen and we can just drop into the orange, which would probably happen, you officially back in fear, which is great, right?

16:40 You want to buy the fear and sell the greed. So if you drop down into there, you have your presence of a high low. You have your range levels that are confluent, your EMAs that are confluent, your trend line that's confluent, and your dip back into the fearful zone. If it goes deeper, of course, we might go into the dark red, which is going to be extreme fear, and sometimes that can be a better signal.

17:01 Just depends on the overall structure. So ultimately, this is what I would be waiting for. Um, this is what I am waiting for and we will have to assess accordingly. It's going to be a very, very, very important time uh within the market. USDC and USDT dominance is pushing towards the upside. Similar to Bitcoin filling that inefficiency, this is the strong down candle over here.

17:20 Uh price will often times or the candles will come back and retest part of that, right? To um fill the the gaps to fill the the the inefficiency and make the market efficient once again. Um this is just the way that the markets work. So that's something we're waiting for. And your stochastic RSI of course is still moving up. So ultimately to give you everything in a nutshell, that's what we're waiting for.

17:43 Of course, it's going to also depend on what the stock market does because Bitcoin super correlated especially to the tech sector which has had a little bit of down days. Um I do still think that has a chance to take out those all-time highs, but one step at a time, right? One step at a time. For now, this becomes the buy the dip opportunity. We're waiting for that draw.

18:02 So, um, for those of you that are doing the dollar cost averaging on Coinbase with me, um, remember that you, even if you have a Coinbase account elsewhere, uh, the best thing that you can do is save yourself on the trading fees. Every exchange has trading fees. Some things they issue at zero, like I just showed you, um, you know, certain assets might be at zero.

18:20 Other assets they charge more. And then on futures is where you usually pay the most if you're doing leverage trading. If you come through over here, I've arranged something with Coinbase that that gives you 80% off on your fees. Of course, that's important to you because you want to save, right? You don't want to spend too much money on exchanges. You can come through over here, click that link.

18:40 So, even if you signed up elsewhere in the past, you know, 5 years ago, 10 years ago, 12 years ago, you got yourself a Coinbase account, it doesn't matter. you can come over here and connect that um to this affiliation which would entitle you to 80% off on the trading fees and $250 270 actually 275 in USDC right so um use the link below if you are trading on Coinbase what I'm going to do is I'm also going to show you some cool stuff on Coinbase later on this week maybe tomorrow or the next day in terms of how you can

19:08 work with agents right you can see there's this agents section over here and I think there's some neat things that you can do um to help you with your trading All right. Amazing. Amazing. So, let's move on. What about the liquidity? Right. The liquidity on the weekly is starting to build a bit. Remember that yesterday there was absolutely nothing there because we came off a low volume weekend.

19:28 And if we look at that liquidity, 82 million on the downside and 78 million on the top side for the weekly. What about the 24 hours? 24-hour pair definitely stronger on the top side. Okay. Um this top side liquidity probably supports this thesis over here uh written by AI which is usually the move pre FOMC uh or or or rate decision will lead to the opposite after the decision right so if we continue to drop over the course of today you know there is a bull moon still maybe that's it maybe you get the next spike up over

20:02 here and you take this liquidity at 81k which is about $32 million worth so keeping the my eye out on that next thing to look at over here is if you are playing the altcoin sector, consider sticking with the things that have historically performed well. And if you look at Ignis over here, he's listed the things that have performed well against BTC. The things that outperform BTC in the beginning usually tend to be the things that outperform in the face of a bull run.

20:27 So, if this is truly going to be a bull run and we in this environment over here, um over here, let's quickly go back to our circle. If we're in this environment over here, look, I must be honest. I definitely don't think that um you know, well, it's my expectation is that you're not getting this, right? It's going to be much more muted than that in my opinion.

20:46 That's in my opinion. Of course, if I'm in the trend, it doesn't matter if I'm wrong because I'm in the trend. So, who cares? But I'm not expecting an 8x return, which is what Bitcoin provided in the last bull run. But nevertheless, if you even get a little bit of this, I will remind you that in 2024, in this environment, literally where I'm circling right now, in this small space over here, is where we printed some things did 100x, some did 300x, and we did a,000x return on one uh one of the coins that we traded.

21:16 And that happened over a very very short amount of time, the space of about a one month period in this entire bull run. So, if that is the case, you want to stick with the winners. And what have the winners been? The winners have been trading tokens, right? The largest category is trading tokens. DRV hype so 665 versus 200% pumped at 121% and radium 106%.

21:37 It says over here DJ's gamble and protocol fees and then they buy back their tokens. That is the above, right? And then you got the AI sector of VBV has done 1,431% NEA notable contender at 203% Grass 151%. These are very illquid though, so I'm not sure that I'm in love with these two, NE Grass, but um of course I'm open to anything. VV is a new token, so usually it has less uh uh you know um less holders that are in pain, right?

22:07 Which is usually a good thing for continuation. And then interestingly, of course, is the privacy narrative has done very well. Zcash and Monero 137 and 37%. Okay. And then he he says over here, maybe you can add institutional adoption uh story because you got those big pumps. Another illquid token though on Q&A had 173%. So I'll take that with a a pinch of salt.

22:27 And then Morpho at 89%. Okay. Everything else pretty much wrecked as he says over here and I'm sure many of you know exactly that which is why it's so important to get the backing of the volume for the trends to continue. We must see the volume going up. And you guys know it. I always bring this chart up because it's so important. It's pretty much down only on all time history.

22:48 If you look at that, um, this has been really, really struggling and we need this thing to round out. We need it to roll out. It's it's down, right? Monthly, monthly is down. Three month has been trending down. 12 month is like hovering around there. And then, of course, all time, you can see when you put it into perspective, uh, we need that higher low.

23:07 That high low needs to form over here to get that continuation. So the 24-hour liquidations have dropped off significantly. Slightly more longs than shorts getting wrecked, but in total this is showing complete compression confluent with this chart over here which has been compressing for long and now we waiting for the next big move. So a lot to look at, a lot to look at, a lot to play for over here.

23:29 Um in terms of the altcoin sector, this is really a do or die situation as well for something like ETH. We really want ETH, which has now broken this trend to bounce out of the pink box. So, we need something like this. Maybe sweep just below 2,000. You need that high low to form over there because failure to hold that prints a pretty bleak picture which looks like this.

23:50 I'll just I'll just quickly showcase this to you. Let's quickly remove some of the noise. All right. So, I'm not saying this is absolute fact, but as you can see over there, um you know, should I bring up another chart that looks very very very similar for you? Right. I'll do it. I'll quickly bring up another chart that looks quite similar to this and it is this one right the Cosby.

24:09 So this is what you need to be aware of when you see a chart pattern like that right strong move down compressing into a triangle over there like um looks like a bit of a rising wedge over there but it's pretty much just a bearish continuation pattern and ultimately you start to break down. So if you look at ETH, I'm not calling it. It depends on what happens over here at 1,900 if you get into that region.

24:30 But there is the possibility for that, right? You're talking about a strong move down compression into a triangle. If you break that triangle, you know, this thing can get pretty ugly pretty quick. So we need to be super cognizant of what's going on in the background. And let's be cautiously optimistic. And the cautious optimism would suggest that ETH comes down into the zone and this becomes a generational buy opportunity at 2,000 around that $2,000 region.

24:58 Right? Let's play the the the optimistic game and say that's what's going to happen. Because if that does happen, remember that ETH has been rangebound for many, many, many years. Which means if you're buying it close to the bottom of the range and ETH actually rallies to the range high, you're getting substantial returns. And if it breaks out of that range and you get the range breakout, you're talking about ETH going to 8 to 12,000.

25:17 Right? So if you want to play the bullish case, the optimistic case, the optimistic case says buy near the range low and a move to the range high gives you 250% move. A move to the range breakout target, which would be 8,000, gives you a 506% move. And if it gets really extreme based on this many year compression, that's giving you a 802% return, which basically repeats what Bitcoin did the last cycle.

25:40 All right, so for ETH, that is something to consider. I'm watching that super carefully. All right, what else? What else, guys? Let me know in the comments if there is anything else over here that you guys want to have a look at. Um, let's see. Uh, here's a good question. In terms of range trading, right, in this tight range, is the Monday high, Monday low strategy valid where you're looking for the sweep of the high and the low, it is valid.

26:03 It's still valid, but you want to go in the direction of the trend, right? So, for example, if you swept the Monday high and broke back into the Monday range, you can short to the Monday low because the trends in the low time frames have definitely been down more recently. So, you want to you want to go in the direction of the trend. Um, be selective, right?

26:22 be selective on which assets you're looking at. I I haven't been looking at it so much lately because um there's been quite a lot of volatility in the market. So, I haven't felt the need to zoom in that much and look on such low time frames. But, if you are looking for the regular trades every day, that's going to be where you're going to find your uh your bread and butter.

26:42 All right. Amazing. Uh okay, let's have a look at pump. I know there's some requests over there on pump on the pump token. So, the pump token, you know, um I've cleaned this chart up a bit. You've broken the trend line over here. What this is calling for is if there's continued weakness in Bitcoin, you'd be expecting a move back down into the breakout area.

27:01 Okay, so right now this is looking quite heavy. It's definitely looking heavy. Uh bulls have a lot of work to do to to start to reverse this. These candles were uh quite damaging over here. For example, this candle which occurred across the board Thursday the 22nd of October that changed things. Um you had nice three candles up and then basically engulfing that prior candle is not a good sign.

27:21 Okay, so that's where things began to shift in the market. All righty. Okay, guys, there's a lot to look at. I do want to let you know as well for those of you that are in Whail, right? Um I just want to show you something super quick. If you're in Whaloom, underneath the Whoom link, you can go over here to the uh for the Whail Room members, the um app, it says over here, app.insert.trade.

27:43 So, it's the insert trade terminal, and you'll find over here that our whale room traders, they're going live in 85 minutes. So, if you want to catch them over there doing some trades, you can pretty much copy the trades over here. So, it's not going to populate anything because they're not live yet, but it uses AI and it will basically pull in terms of if they mention a trade, that trade will pop up over here on the lefth hand side and you can pretty much enter into that trade um and copy the positions over there,

28:07 which is pretty cool. And you can watch the stream as well from the app. So, for those of you that that want to take advantage of that, the link is below. All right, amazing. Okay, let's go through a few more things over here. How's Salana doing? Quick look at Salana. So full rejection over there. It's coming in for this low. Um yeah, it looks likely that it's going to come in for that low.

28:27 I think that this is pretty pretty much risk off. No need to really um jump into any trades over here unless you start to show some strength and recapture certain key levels. So for now, it's a sit on your hands kind of game and we're just waiting to see where the the next major support is found. So similar to Bitcoin, the big inefficient zone over here was here.

28:45 This is where you face melted towards the upside. All right. So, we'll see if you come back down and and capture some of that liquidity over there. Sumi on its way down likely to come into this box over here. If that doesn't hold, it gets uh pretty serious over there for Sui. So, that level is around 85. All right. Somewhere around 85. Uh what else?

29:06 What else have we got over here? Let's quickly see how's hype doing. So, hype still got a lot of relative strength. You know, it's put in new swing lows, but there is for sure relative strength. I think that it would be very fitting if this could come down into 64 because this would become a pretty clean entry. So something like that. This could form a macro higher low on hyperlquid over there.

29:25 And then we got lighter still struggling. You know, it's going to take time. It it it needs to find support over here and spend a bit of time rounding out at um this 285. Okay, 285 level. All righty. Um next, let's quickly do a scroll through over here. to see if anything pops out that looks important to cover. Uh what else have we got on the bottom?

29:49 Let's let's have a look quickly at a couple of the Trady stuff. I'm just curious how it did. Um things like SpaceX and things and Nike as well. How's Nike doing? So Nike is still holding the yellow box, which is what we want. And SpaceX is just kind of like oscillating and bobbing bobbing and weaving around. I think that you know your bullish case scenario is something like this like start to just form a nice trading range holding above 130.

30:15 All righty. Uh, next. Okay, a lot of a lot of questions over here, guys. A lot of requests. So, remember, I know a lot of you that I can see putting these requests. You guys are in whale room. So, remember to ask the traders as well um to drop your requests in there and they'll do those for you. Uh, before we get into those requests, guys, also for anyone that is playing around on the per exchanges and you want to look at prediction markets, we are partnered with Kulshi.

30:41 They're giving a nice incentive. Pretty much 50% return on investment straight away. If you use that link, trade $50, you straight away get 25. That is the I know it's not thousands of dollars, but it's a theoretical 50% ROI immediately. And then you in the $500 weekly giveaway. So that is Kulchi markets. You can trade like the energy, the metals, cryptos, um they got a whole bunch of stuff over here.

31:06 And then the US indices of course. All right, let's go to some of your other requests. So, um, ston that was one of the requests. It's starting to hold on over here. Let's just quickly see from high to low. Did it come into that super fib? Did it make it as far down, um, as the super fib? Let's just quickly throw that on. Pretty much nailed it, right?

31:26 It didn't come deep into that zone, but the 0.786. So, given it's been a strong downside move, I think it needs to spend a bit more time over here to range as well. All righty. Okay, Zcash also fighting, fighting, fighting, fighting to hold this level. It's a pretty critical zone. You've broken the downtrend. You know, it is theoretically still very strong.

31:48 It's got relative strength. It's holding the bullish order block that led to the upside move. You threw back, you wked out of that. Theoretically, as long as you can just keep holding up around here and not breach these lows, this would theoretically be your major high low territory for another move up. And Monero a little bit tougher, right? It's not looking as good as um Zcash.

32:07 It's had a huge move up. So, it needs to spend a bit of time over here in this region or correct a bit. All righty. Amazing. So, we've done most of the requests. I'm just going to quickly scroll up through your guys chats and see uh what else we have. If you do get value from the video, do me a favor, smash the like button on the video. It really helps to get the show content out.

32:31 Um and yeah, let me know in the comments, guys. Let's review your polls over here now that most of you have voted. So, are you buying the Bitcoin dip? Most of you say yes. Second uh answer to that would be no because you think it's a huge bull trap. And then, you know, 19% of you said you already bought. So, basically, the majority of you have either bought or you're going to buy.

32:52 And then the minority, which is onethird of you believe it's a big bull trap. Okay. To get the answer for is it a big bull trap, it's truly going to depend on the volatility expansion. So, I told you I' I'd let you know what to look out for, which of course I'm going to cover on the show. But if we start to get expansion and price is moving towards the downside, we're going to look for that expansion to slow down between, you know, around the 75 to 100 percentile mark.

33:17 So, for example, if this move expands down and the volatility is moving up over here and you come into this pink box, this is where we're going to look for a slowdown phase on the dip. And if that slowdown phase happens to be within our areas of interest, which is going to be between like call it 69 and 72K are some of the sweet spots. That is basically your trigger zone.

33:38 That's where you're studying the reaction. You're looking for wicks to form, strength to form from the bulls, slow things down, and begin to attempt to reverse. Maybe we'll be printing some bullish divergences and then that's where you begin to pull the trigger. So again, two options on how you can play it. One, you can set a grid where you're basically just gridding your orders down.

33:59 The second option is you can wait and see how price comes into that level, which means you don't have a hard set limit order, but you're going to manually enter based on the information as you come into that zone. All right, so I think it's been pretty crystal clear today. I hope that all makes sense to you. Uh what we'll do is we'll leave it at that and I'll see all of you guys on the next one again, which is going to be tomorrow.

34:19 Uh, tomorrow's the FOMC, but it's only happening later in the day. So, probably tomorrow is another day of potential uncertainty. I'll see you guys on the next one. Have a good day and cheers for now.