WARNING: Charts Are Clearly Signaling What’s Next For Markets! [Prepare] Transcript, AI Summary & Key Points

00:01 The charts are giving a clear indication as to what's most likely to happen with the U.S. elections. And history doesn't always repeat one for one, but it does often rhyme in today's video. Of course, I'll show you exactly what happened the prior times and what to expect and how to position within the market. At least this comes down to my opinion. So we'll have a look at all things crypto, all things stock markets as those have been coming down still.

00:25 And we're officially deep in the value zone of what we were previously looking at. But the question is now, is it time to stick to the plan and buy the dip or are you bailing out of the position, right? You can go over here and you can vote on the poll. Do me a favor, if you get any value from the video, smash the like button up there. But the question on the poll over here is, are you buying this dip, right?

00:46 57% of you are sticking to the plan. The original plan was wait for price to come down in between about $72,000 to $78,000, which we're deep in that zone now. And most of you are going to be sticking to that plan for the first macro higher low to buy the dip. But it is a precarious area, and I'm going to show you exactly why that's the case on today's video.

01:07 It's a real catch-22 when you look at the confluence between different timeframes, right? And we have 22% of you that say, no, you're already max long, so you're not buying the dip. And then we have 10% of you that say, no, you changed your mind. 11% of you have other thoughts. So for the 11% of you that have voted, you need a comment. Let me know why.

01:25 What are your thoughts, right? These are the options. What are your thoughts? If it's something else happening over there, do read the comments. And let's go, right? Let's get into it. So looking over here at the banter bubbles, let's position this onto the weekly timeframe. It's pretty much a bloodbath over there. Everything is red. And even the stock market is taking a big knock, right?

01:42 Intel has been one of the most dramatic sell-offs, right? I don't know if you guys remember this, but we spoke about the importance of playing this move that came towards the downside and playing the relief rally towards the upside. In the event that it is going to go to all-time highs, you'd have an absolute killer long trade. But we said, watch out.

01:59 There's a real chance that you have some kind of a complacency bounce. And now, with these moves towards the downside, it's looking more likely that that was the complacency bounce. And if you pull up the Wall Street cheat sheet and you look at the different psychological phases that people go through, well, you'll know what comes next, right? It's pretty scary.

02:16 It usually goes from, you know, panic into extreme capitulation, depression, and then you have to reaccumulate for a very, very long period of time, right? So some of these things have been pretty heavy hit, right? Same story over here on Marvel. It hasn't yet taken out those lows, but this is also, if it's going to follow Intel, it's looking very much like a complacency bounce of their Google.

02:38 Let's have a look at this one on the yearly, you know, also distributing, coming down, threatening that low is going to be a pretty key area. So a lot of stuff to look at over here. You know, we played the long side of there, a lot of the trades we took profits on, others we got stopped out at break even because of these risk factors. And now the question is, what do you do next?

02:57 Because it's an important day. We have the congressional elections which are coming up. And if you want to get an idea of who's going to win, well, according to Kalshi, it looks like it's going to be the Democrats, right? Who will control the House? The Democrats. If you want to come through over here, you can go into Kalshi and hedge, right? This could be a good way if you are a Republican and you believe that your stock market is positioned for the Republicans to win.

03:20 Well, one way that you can hedge against that is to go and basically take a bet over here on the Democrats. So that way you can at least get paid out on that trade, right? So this is currently at least what the polls are suggesting. I have absolutely no thoughts on U.S. politics. Just by the way, I have no vote. So ultimately, I'm just here to watch the show and I will position accordingly.

03:46 So what has happened in the prior midterms, right? If you look at the prior midterms, this is a really interesting graphic and I'll just simply play it out for you. Now, some of the drops have been pretty dramatic. Some of them led to pumps, but pretty much all of them led to downside. I must let you know that, right? So if history is to rhyme, it doesn't have to repeat one for one.

04:06 If it's true, Ryan, it could signify a sweep of the lows, which means you'll be coming in for those low prices. So there it is. Let's quickly pause it. That was 2014, right? This was 2014. This is exactly what happened. Price dropped 48% in the space of 71 days. It led to an initial pump towards the upside, and then after that, down only, right? Down only over the next two months.

04:28 What does this mean? It's what we covered yesterday and what we've said so many times. Seasonally, this is the environment where if you want to gain your exposure and you believe, of course, in Bitcoin and the crypto markets and you think that we are entering into a new bull run. What it means is your best positioning is going to be to dollar cost average, right?

04:45 To stabilize your entry and to get a good average entry. That's what dollar cost averaging does, right? Dollar cost averaging means that you can deploy slowly but surely over a strategic time frame, which would ultimately be into, I would say, like early next year. And if you haven't already put in the low while you have exposure, if you are still going to put in the low, you're going to average down, which is going to reduce your average entry and it's the best way to enter.

05:12 So that's 2014, right? What happened in the next election, right? So we can have a look at that. There's 2018. This one was an instant dump when you compare it to current price action. 51% drop in just 39 days. Pretty brutal, right? What about the next one over here? So the next one, ultimately, that one went a little bit sideways, dropped minor, only 15% in 13 days.

05:32 And then after that, it was up only, right? So ultimately, history does suggest that you should get at least a little bit of a drop. And we can always look to price and ask yourself, well, let's say if you go on the lower side, 15% drop, where would that ultimately take price, right? So if we go over here and we go from current price and we say, well, 15% drop, that's going to take you down into those lows, right?

05:53 That's where we spoke about a potential sweep of those major lows and that according to our little pink box, which represents the grid orders that many of you are using to scale into the trade all the way down, it's going to give you your limit orders being filled without you having to sit there and watch price each and every day and panic. It's just allowing you to capture your entry through the volatility.

06:15 And again, the alternative, what's the alternative? The alternative is time-based entries as opposed to price-based entries where you're basically scaling grids down. Time-based entries is going to be simply dollar cost averaging, right? Price does this, maybe it does that. Where's your average entry? Probably somewhere over here. It's basically the same as buying the range low and you wouldn't have experienced too much drawdown over there, right?

06:35 So that's one thing to consider. Let's move on over here. We have seen as well when it comes to the markets in general, the Degens went absolutely wild leverage buying the dips over the last two weeks. And right now they're busy getting flushed. So they're getting punished across all markets. So again, if you want to go and speculate on these markets, a reminder, Kalshi is offering for those of you in the US as well as in Europe.

06:59 I know that Europe has an issue with perpetual trading. You can do so over here. So use the link in the description below. Kalshi giving you a 50% ROI, $25 bonus on top of your $50 traded and a $500 weekly giveaway only for you guys. This is not worldwide. It's only for you guys if you use that link. So with all of that being said, before we dive deeply into crypto and my thoughts, I have some serious things that I need to share with you, which are possibilities that I feel I haven't seen anyone else discuss.

07:29 And therefore, if nobody's really looking at it, sometimes that means that it's very possible that that could be the outcome, right? So stay until the end and we'll go through that. First, let's have a look at the traditional markets over here and see what the charts are signaling and suggesting. So right now in the 10-year yield and the 30-year yield, we're literally at a critical point.

07:50 We're looking at it on the weekly timeframe because there's a lot of intraday noise. So let's move on to the high timeframes. And this is signifying that we should see the next leg up over here, a bit of a bounce towards the upside alongside the DXY that is adding that additional pressure, right? If we look over here and we'll quickly position onto the daily for the DOW, you know, ultimately are still struggling and not able to get back above that 50% level.

08:14 You got another rejective candle yesterday, attempted to get back above the previous day's high, which was Friday's high, failed that and came towards the downside. So ultimately, the DOW does look the best of the U.S. indices lot, right? The S&P 500, let's quickly go into that one over here. It's just falling, right? So we spoke about this right over here.

08:36 We had the swing failure pattern, right? Failing to swing to new highs and close at new highs. The swing failure pattern drops towards the downside. And right now, this is in free fall. So you're going to be looking around that 200 EMA to find that major support. The S&P, or excuse me, the QQQ has dropped below the 200 EMA. Ultimately, also in free fall, this is going to threaten this low.

08:58 Next major support, 660, and then after that, you could be looking as far down as the 636 level, right? So keep an eye out on that. All right. Next, let's have a look at some of the ETFs that we had been tracking. You can see now as well on MAGS, you've officially broken this upsloping trend line. 200 EMAs coming into play, but if you zoom out and you have a look at this on the weekly, this is definitely as well a deviation of the high.

09:25 And we spoke about the significance of reclaiming that 71, 72. Based on how this weekly candle closes, we'll probably be able to drop that invalidation zone down to 70. Ultimately, what this simply means is that this is a risk-off signal for the time being, and your next major support is most likely coming down into the golden pocket or the 50% level for possible macro higher low on the weekly scale, right?

09:49 So I'm keeping a close eye out on that. And then you can go into the individual trades over here for Amazon, Google, Apple, NVIDIA, META, Microsoft, and Tesla, which make up that MAG7. And it is starting to weaken, right? So I do believe that that double bottom over there, this is liquidity for the taking. I think that you'll probably see some sort of a sweep there, and then we can see if Amazon picks it back up.

10:11 Google is looking like a meme coin that's getting rinsed. This is pretty brutal, right? Look at that weekly close. Absolutely abysmal, right? So this is suggesting that this weekly candle probably wants to have another big drop towards the downside. And therefore, the charts, what are the charts indicating? The charts are indicating that it's more likely than not that you're going to play out more similar to what we saw in, and if I just restart this and play it again, you know, that 2014 or the 2018, it seems like

10:36 we're more similar to that as it currently stands. This is just if you're independently picking some of the major stocks like Google, right? In fact, Apple as well coming down over here, it's been probably one of the strongest in the Mag 7. But, you know, if the rest of the market is suggesting risk off, it's probably wise to be super careful on this.

10:59 And you could be looking at a move down for a cluster of support between the golden pocket 200 EMA and the 50% level over there. NVIDIA as well now officially breaking below the 200 EMA. We said this was probably going to get swept. It has been swept. Now the next thing to look at which we discussed yesterday and I'll just mention it one more time is can you gain acceptance above the yellow box, meaning you find support?

11:21 Do you run through it, bounce up and hold it as resistance? If you do, this is a very big warning sign, right? mark exclamation marks. This is a very big warning sign, right? If you can't get, if you drop below 200, bounce and hold 200 as resistance. It's a very big warning sign over there for NVIDIA, which we know how much market cap NVIDIA holds, right?

11:42 And then we have Meta as well, of course, breaking and failing below that golden pocket over there. Microsoft, which has been super strong, is actually finally coming down over here. There's been no trade on this at all. It's been in the middle of no man's land. What could open up a trade opportunity is ultimately something like that, a bit of a throwback into the 460 region.

12:03 So all of these things are showing weakness except for Tesla. Tesla kind of inverse trades, right? When the other Mag 7s are looking strong, Tesla's weak. And when those are weak, Tesla seems to get some kind of a rotation and it's got the back test into the trend line. You haven't cleared out the resistance. You know, 420, Elon loves the number 420.

12:22 That's kind of the number that you want to start to recapture and hold above. So these are things that we're looking at. And then, of course, you can go into even the flight to safety, which doesn't look very safe right now, and that is Gold. It's still struggling, right? Another down day on Gold, another down day on Silver, another down day on Platinum, right?

12:39 We go through these every day, so I'm not going to even waste the time. You guys know the levels. You know this is magnetic on palladium. 883 is programmed, and it's going to sweep that level. And what happens after that is a different story, but it's probably going to sweep that level. And then you go into the ETFs, right? And these, you can pull up the Wall Street cheat sheet for the semiconductor, or at least for the psychology of a Wall Street trader.

13:02 And then you can compare that to the semiconductor ETF over here. And this, again, parabolic rise comes down, complacency bounce. And ultimately, if you break below this yellow box, a pretty dangerous situation. So dip buyers, which keep attempting to step in, you can see the leverage long traders coming into the market in TradFi, getting absolutely slammed over there now, forced to decide, you know, do we average down, make the losses bigger in the hopes that we bounce, when bounce, right?

13:34 You know how it is in crypto? This is how you spell when? When bounce, right? No bounce. There's no bounce. There is just basically straight down, right? So those guys could add to the sell pressure towards the downside. And look, you're meant to buy support and sell resistance. We all know that. Of course, the psychology can be quite tough. And at the end of the day, this is support, right?

13:57 Because there was prior resistance flipped into support, ran it up. This is support. So you should expect a technical bounce over here. But you need to position size accordingly in case it goes wrong, right? In case you run through this level on SOXL, which is the semiconductor ETF. And then we've got the Roundhill MEM ETF. This is DRAM as the ticker.

14:16 And it is very, you know, dad jokes, dramatic, right? Because you're now coming into this low region over here. And if you threaten this low and break below this low, this thing can start to fall through as well very, very quickly. So Palantir as well deviating. Look at that overnight trading. You'll remember we took the early stop loss on this. We were long on this based on the breakout of the range.

14:37 And we took the early stop loss. Thankfully, still kept profits over there because this is coming down now. I think that if the rest of the market continues to fall, you probably find some kind of support over here. And then the question is what happens next? Does that bounce lead into a lower high? That's the question, right? I do think that on Palantir, you'll come back into similar levels to where you're at right now.

15:00 So for now it's the down move, then the bounce, and then we assess what happens, right? Do you reject off of that bounce or do you rally through recapture? And that basically just became a flush out. I don't have the answers on that. Robinhood getting decimated as well over here, breaking the trend line. This is probably going to be eventually coming in for these lows.

15:17 These lows will be significant, right? They will be significant because, of course, you did have this previous area over here. Let's just make that. Let's change the colors. Let's make that nice and big for you guys to see. All right. There you go. So ultimately, previous resistance, support, it looks like it's likely going to come into this region, be prepared that Robinhood could potentially sweep $64 over there.

15:40 MU, also, same story, right? Big move up. You know, this was the bullish case scenario, getting long over here for the breakout of the falling wedge in anticipation that maybe, just maybe, you can repeat this move towards the upside. But we spoke so much about being aware that this could be the blow off top with the complacency bounce. And ultimately, once you take out these lows, it's pretty much baked in.

16:03 That means that you're going to distribute all the way down possibly to $400. That is on MU. And if you don't believe me, look, it was the same thing. It was the exact same thing over here, right? If you think it can't happen, just remember what this chart looked like. It looked extremely similar. If you have a look at this chart over here, it had the etchings, right?

16:23 As we like to say, it had the etchings of a bull flag. Big move up, consolidating into a falling wedge, attempts to break out, came down one more time, broke. That means that's your signal for the long to get going and you're expecting a repeat of this move. That repeat didn't come. Instead, you found weakness and where did you find weakness? We told you, be aware that around that golden pocket is usually where these things can start to fizzle out.

16:45 And if we go on to this, you'll see over there just above the golden pocket, right? It breached just above, failed at the golden pocket. That was your lower high and down it went, right? Intel getting slammed over there. And the VWAP buyers that are trying to get in over here are going to get rinsed because I believe that before putting in a significant bounce, you're probably coming into that 40 to 50 zone.

17:06 So the pink box over here, this should inevitably bounce price, right? When you get a sharp move down like that, you may as well bid this region because the bounce will be monumental. The bounce off of that could take you as high as the 50% level, which means we anchor our fib from the high. We take it down to wherever the low occurs. And if that bounces to the 50% level, we're playing devil's advocate and saying it drops, let's say 45, right?

17:28 So you bounce from 45 and you bounce up into the 50% level where you probably fail into another lower high. 87%, that's an 87% move. It's pretty sizable, right? You'll see the sentiment shift when the bubbles turn green over here and Intel's doing double-digit gains that we back, right? We show back the all-time highs soon. But this is a damaged chart at the moment.

17:49 So just be cognizant and aware of that. That's a damaged chart. It was exactly the same, right? All of these are the same, right? We were looking at the possibility of acceleration and continuation of this. And we said just be aware, right? And now AMD was the one that probably bull-trapped the people the hardest because they actually made it above the highs, which would be a confirmation bias that longs are in control and things are going in the right direction.

18:12 Gave it all up, right? So 200 EMA coming into support. I think it will eventually fill this gap over here, which you can see is the pink box. This is your gap. The gap is coming in about 380. So 380. SanDisk decimated, right? Losing the 200 EMA. Big move up. Parabolic move comes down. Complacency bounce. You lose this. Again, you know, let's just do God's work over here, right?

18:37 Wall Street cheat sheet. Let's just pull up the Wall Street cheat sheet so everyone can see exactly what I'm talking about over here. One second, and I will throw this into the mix over here. Let's see. Open in new tab. There it is. All right. So you've got to consider this. right? This is what typically happens. You know, the chart doesn't have to necessarily match up.

18:58 It's more about the emotions. So complacency, I would say that sentiment-wise, the market is actually still in complacency on these TradFi things because you've had euphoria, right? I'm a genius. We're going to all be rich, right? Everyone mega, giga long on these things moving towards the upside. Complacency, we just need to cool off, right, for the next rally.

19:16 I would say the sentiment suggests that, but the price is front running that to the extent that you're already more in the anxiety phase, right? You drop below them. Some people that might have leveraged long between thrill and euphoria, they're probably in the anxiety phase. Why am I getting margin called, right? This dip is taking much longer than I expected.

19:33 Why is this thing not pumping? Where's the pump of mentals, right? Next comes denial. My investments are with great companies and they'll come back. I would 100% say anyone in Intel is probably in that phase right now. Let me know in the comments if you're holding Intel and you can agree with this. It's not to pick on anyone. Ultimately, we've all been through this multiple times probably.

19:53 It is the way that trading and investing works. But now my investments are with great companies. Intel is fantastic. These guys are definitely going to bounce back and a name like Intel can't fail. Next, panic. Everyone's selling. I need to get out. Damn, everyone is selling. As you can see, this usually lines up with some form of horizontal support and then leads capitulation.

20:11 I'm getting 100% out of the markets. I can't afford to lose more. I would say capitulation only occurs based off of this bounce and then losing the pink box. And then, unfortunately, after that comes anger and depression, which is usually your long-term sideways accumulation phase, right? This is the blame game. Who's shorter the markets and why did the government allow it to happen?

20:30 And it's XYZ person's fault. They told me to buy Intel. Usually that's what you go through, right? Depression. Now it's Thanksgiving. You're sitting at the dinner table and your family are laughing at you, right? They won't even give you your favorite part of the turkey. They give you the butthole and they say that you've screwed us, right? You screwed our family name, our investments.

20:53 My investment money is lost. How can we pay for all this new stuff? I'm an idiot. You exchange the big turkey for more like turkey slices or bologna. Right? That's usually what happens, right? That's when you're in the depression phase. So this is where a lot of these things are positioned right now. All right. Anyway, point is risk off. Risk off is still the scenario.

21:16 Now, this is important, right? What we're about to showcase to you is pretty important over here because a lot of you are not going to like it. I have to preempt and warn you. I'm just asking you to have an open mind. We analyze things from both sides. You guys will know that I've spoken a lot about building a long position over here because this is the logical place for the first macro higher low to take place if everything is going to hold up.

21:38 It's the macro higher low zone. We've got like this beautiful trend line that's coming into play. And in fact, I will even take that long trade with you guys, right? I'll even take that long trade. What I'll do is I'll set up a bot right now. I'll set up a bot and I'm willing to scale down to, you know, I'm not even going to buy down into this zone.

21:57 I'm actually willing to scale the trade in case you sweep this low. So I'm going to scale this trade down to like $57,000, right? $57,000. By the way, we still have the Apple trade on here. I've moved the stops to slight break even over here just in case to give us some exposure over there, but I am holding this trade. All right, let's go into futures grid.

22:18 So we move on to the futures grid over here. I'm going to take this on Toobit because I like their grid trading. Let's just quickly see, it's a bit slow. I might have to put on a, I hope I don't have to put on a VPN over here. Let's just quickly, let's see if I can go over here and just take it from here. Hopefully this works. Okay, there we go. It is loading.

22:42 All right. It is loading, right? It is loading. So let's just see. I think Toobit is a little bit slow in the UAE. I might have to put a VPN on for the next time, but it is changing over here and moving across. All right. Manual. So we're going on to manual. We need to be not on Apple, but on BTC. All right. BTC. There we go. Let's go into Bitcoin. Let's go into manual.

23:06 Why is our grid all the way down here? Let's just move our chart at least. Let's just move that up to the top. All right. Okay. So this is basically what I'm going to do. I'm going to set an order over here. We're going long. Of course, this is going to be building a long order just because I recognize I realize that there's still a possibility that this will be a higher low.

23:26 And it's actually the more base case. You know, if history repeats, maybe because it's a maturing asset class, we don't drop nearly as much as we did in 2014, very low market cap. 2018, a larger market cap, but enough that you can basically drop this thing 50%. Many may argue that now with institutions, ETFs, et cetera, it's going to be harder to drop things that far, right?

23:49 So ultimately, I'm willing to buy all the way down to the bottom of the range, right? So this is really giving myself a lot of breathing room. I'll even go just below that low. So I'll drop it to about the lowest price is going to be about $56,000, right? Nice round number over there. The highest price is over here, current price. So we're going with $76,800.

24:14 We're going to set as many grids as it will let us. That's 250 grids. Okay, 169, it says is the max over that time, over this range. And then in terms of the order, what am I, I'm on about 5x leverage. So I will even put 50% of that account in. Okay. All right. So this will gain exposure into the market. So there's the bot. The bot is going to start to run.

24:41 Let's go on to the bot over here. And as price drops down into those zones, we should slowly get entered. I will give you guys access to the bot. By the way, if you want access to the bot, I'm only going to be able to do it a couple of, like, maybe 30 minutes after the stream. I'll drop it in here underneath. By the way, if you do sign up to Toobit, right, and you use this link, you can come and spin the wheel.

25:05 So if you want to come and spin the wheel, you can see all the prizes. $20K, $100, $10, iPhone, blah, blah. You come here and you connect your exchange so you can come and connect to Bid based on how much you trade will determine how many spins you get. Let's see if I win anything. No win. Okay. I won $10 once. Let's see. I only spend it when we do the YouTube videos to save the spins for you guys because I've limited spins as well.

25:30 So if you do want to win something, use that over there. By the way, if you do sign up to Toobit as well, if you deposit, for example, $300,000, they'll literally give you $30,000. You know, $30,000 of actual money for free that you can use in those trades. It's a 10% sign up deposit rebate exclusive specifically to you guys. So if you use that link and you join in, I'll drop that trade setup over here so that you guys can copy that.

25:56 All right. Let's move on. Right. Let's move on over here. So let's go into Bitcoin. And this is ultimately one of the things that I think most people are not talking about. Right. So first and foremost, slightly negative skew, nothing too bad, still in the panic zone and actually about to drop into more capitulation environment in terms of sentiment, right?

26:17 Oh, you guys said failed. Let's try to do that again. Extended trade limit beware of the risks. Let me just change the grids. I probably need to log in and out. I think it's because it's glitchy because I had a VPN on before. So I'll do it afterwards. It's going to be the exact same parameters. You can just screenshot that, right, if you want to manually enter it yourself.

26:51 So that's for those of you that, for Ed, who said that it failed. Thank you so much. I'll do that again afterwards. All right. We don't want to dox what's happening next, right? We're getting to that point. All right. So the problem over here with the market right now is the volume. Remember what we spoke about? We said this bounce over here was an artificial spike up in the daily exchange volume, which would represent new money coming onto exchanges and people getting excited about trading again.

27:14 However, we said this could be a big trap fake out because this was money moving because of Binance getting hacked and people trying to cover positions, withdraw funds. And that caused the spike. And what typically happens after that is the following days we see a drawdown in the volume. Now, it's very hard for price action to rally in the face of a drawdown.

27:33 And obviously, we have the economic calendar absolutely stacked with things that are going on. So we've also never seen back-to-back consecutive yearly red candles, which would imply, if history were to repeat, that any dips that occur over here are for buying, and that we will still finish the year green because last year was slightly red. But I say but, right?

27:56 Unless you're going to move into a bearish season for Bitcoin, which Bitcoin's actually never really had, right? So if you're going into a cyclically bearish season, you know, this entire season was bullish. We'll build more on that in the future. I don't want to talk too much about that. Now, the problem that we face over here, the catch-22, although this is a buy-the-dip zone, and as I've shown you, I'm going to be looking to buy into this zone over here for Bitcoin to establish a position throughout here if we even

28:21 get a drop, right? Price could end up spiking if it gets back above $81,857. You've reclaimed the range breakout area, and it's time to go long once again, and we'll change those positions. We'll pull the bids, the orders that we have from low end, we'll establish them higher because we have confirmation. We don't have that yet. Now, this is the catch-22.

28:45 The catch-22 is that theoretically, although in the daily timeframe, this would all be a buy zone, right? This will all be a buy zone. Remember, it's all confident with the levels we've been looking at. We came into the fear zone. We might even go into the extreme fear. We've got the 200 EMA, the 200 MA. We've got the expanding diagonal pattern over here, which is coming into the trend line that should form higher lows.

29:07 All beautiful confluence. But the problem is if you start to trade underneath $74,887, you've taken out the previous month's low. So you can go down there, but you need to do it quick, and you need a strong, aggressive move towards the upside with a strong monthly close. Because if this month's candle closes below these two red dotted lines, which is written in the right-hand margin at 76,141, that's last month's candle low.

29:36 And 74,887, that is the previous month, September's low. If you take out that level, there's still the possibility, and I know no one wants to hear it, there is still the possibility that you could be putting in a large A, B, this was the B phase, we're looking for the rejection between the 0.382 and the 50% level because in trending moves, that's where bulls or bears take control.

29:58 So in uptrends, bulls tend to take control. Control either bouncing price off the 0.302 or holding the 50% fib. In bear trends, it's exactly the same thing, right? Just in the opposite direction. Bears tend to take control at this 0.302 or the 50% level, which is where that 88K target was coming into play, right? And you can see what's happened over here.

30:19 Well, the previous month in September failed exactly over there at the 0.302, failure to close above that. That is significant. The next month, October, the candle opened, rallied slightly above, almost tagged the 50% level, came back down and closed below the 0.382. Now, if you start to take out those candle lows on a monthly closing basis, you open up the possibility of playing out wave B to C, which is where all the prior bear markets bottom.

30:47 0.786 to the 0.886 level. And that would imply that things are playing out very similar to what happened in the midterms, you know, in 2014 and 2018. Now that's, again, only three data points. It's not really enough. Same as this, right? On a monthly scale, this is also not enough. But what is enough is to recognize the pattern, right? The pattern of a sharp down move.

31:12 This can still represent a bear flag. And that bear flag completion, which is your ABC, could take you down. I'm not going to say the numbers. Just look on the screen, right? Because people will cry. People will cry, right? There will be crocodile tears all over the place. And you will be definitely eating poloni when you have your Thanksgiving dinner.

31:30 So ultimately, just be aware, right? Be aware. Why is this significant? Again, it's significant because we're talking about bidding these zones. And theoretically, that would mean you're trading below, which is fine. It just means you don't want to spend a lot of time there. So if price does happen to come down into these low regions like the, you know, 72K slightly below, we need a sharp quick reaction.

31:52 Within weeks, you need price to be trading way back up, confirming the higher low. Now, if you're a super safe, steady person, what you can do is you can also just wait. You can just sit on the sidelines and you can wait for price to recapture certain levels. Okay, for now, the level to reclaim is 81,000. But I can easily see that in a couple of days' time, if we're still trending down, we'll lower that validation to get bullish, right?

32:15 Meaning validation to go bullish means it's like somebody standing on the racetrack waiting for the gun. The gun fires if you get above the Monday high, which is going to be basically $79,000. Okay, that's what we were waiting for. So this is what you're playing with. We have the confirmation of the expansion. We haven't yet got into the pink box over here.

32:37 We spoke about that, right? So it's probably going to be this candle over here that you're going to want to recover. Yesterday's high, okay? We first spoke about Thursday high. I don't want to give it as yesterday's high yet. If we're down again today and we close lower, we move the validation from this 81.8 to yesterday's high, which is going to be in the right-hand margin at 78.8, right?

32:59 Getting above yesterday's high will be important. All right. Now, again, we spoke about that. We're right at the 21 EMA on the weekly scale. Again, this is what puts the catch-22 into play. The catch-22 is we're worried about taking out those low regions, but we want those low regions theoretically to get taken out to get fully filled on the daily timeframe, but we don't want to close there.

33:18 If we start to close in those low regions, it opens up a lot of problems because that means that the 21 EMA, which is this exponential moving average in yellow, has been lost, and it will start to angle down. Remember I spoke about it yesterday and I said that this is one of the issues, right? If we remove price, how do we remove price? So if you haven't done this for so long, how do I hide the price?

33:44 Let me just try this over here. Let's just see if we hide the price. There we go. Hide the price. There we go. So if you hide the price, you can see the angle very clearly, right? The 21 EMA is flattening out. It's fine. It's all fine. But imagine if you start to close candles lower and lower. This is going to roll over. That becomes a sell signal, a risk-off signal.

34:06 You haven't broken the stop and reversal, so we still have a lot of room. But again, this is the dilemma. The dilemma is coming down to fill all those lower levels means potentially losing the macro. 50% level means breaking the stop and reversal indicator. So therefore, in summary, because I don't want to confuse you, right, or baffle you. In summary, we want price to come down there to fully fill us, but we want it to immediately react.

34:29 So if it comes down, we need a sharp reaction. Price must quickly bounce out of there. That will look like a beautiful buy the dip and a confirmation that the macro higher lows in and we're all back on the table. Now, the alternative is if that doesn't happen and price comes down and holds here, big trouble, right? This is where your capitulations come into play.

34:49 Okay, so I hope that all makes sense. I really don't think I can make it any more crystal clear. If you don't understand, I really recommend you just buy the world fund. That's it, right? Dollar cost average into the world fund. That's betting on the whole world, right? Then you don't have to try and trade. That's the easiest thing to ever do. Okay.

35:09 And you'll actually do pretty well. Many of you will do very, very well with that. So liquidity stacked below, almost 100 million. It's much more than upside, 77 million over there, almost 100 million on the downside. Therefore, the draw is still stronger or market makers are more incentivized on the weekly to take out that low liquidity. Same on the daily, right?

35:30 Daily is stronger than above. Okay, almost similar, very similar over here actually on the daily, but slightly, slightly more stronger bands over here coming on the daily, price moving in there to take our traders. So prepare, right? Prepare yourself, get ready because there's going to be some big trades coming in. A reminder, we do have the $2 million Coinbase Championship Cup.

35:48 It starts in 16 hours, right? 16 hours to go. So make sure you registered. This is a perpetual trading, not spot trading. A competition. It's a decent-sized win over here that you can take. So for those of you that are going to be joining me, just remember, you can only, only, only join if you're specifically using this link, right? It's because it's limited to you guys only.

36:10 They have to put up massive prize pools. $2 million doesn't come out of thin air, as I'm sure many of you know and realize, right? So first sign up using that link. Go and claim your $275 sign up bonus, which is over here. You should be able to auto collect it from that link. And then once you've done that, you're going to come through to this link and register.

36:30 And that's it. You're in. And then we will take our trades. But for now, I'm just going to quickly go and do my usual $100 buy. And let's buy it. There we go. BTC purchase. All right. Well, the limit order has to get filled. Can make a little bit. There we go. Now it's filled. All right. So we will be taking trades over here. For those of you that want to join in on the trades, I do want to also remind you that if you're in Whaleroom, you can go through to InsertTrade.

36:58 All right. So you'll see over here it says Whaleroom. And then underneath that it says free for the Whaleroom members. InsertTrade. You can click that link. Josh is going to be going live in 69 minutes to do some live trading. So if you want to copy those live trades, it's all linked over here through InsertTrade. Alrighty. Amazing. Let me know in the comments what altcoins and things you want to look at.

37:19 Now, one thing that I would suggest for many of you to do at home, when in doubt, zoom out. Look at the weekly timeframes on a lot of the things. If you're feeling like you have itchy fingers and you want exposure and you want to get super long on these stocks that are dropping like stones, just position on the weekly scale. It will give you a little bit more perspective.

37:41 So when you look at the weekly over here, you can see that this week could be a strong down week over here. AMD hasn't yet taken out that level. SanDisk, dangerous, right? Getting dangerous. You're already closing below. Imagine you take out this wick low. You know your next support is coming in at about 6.12. So when in doubt, zoom out. Samsung is holding up, getting a little bit of a technical bounce over there, but it's probably going to be a lower high.

38:05 SK Hynix is the same thing. Marvel, you know, threatening these lows, breaking below all of that. You know, these things can drop much further. Easily another 32%. Okay. Caterpillar, nuked, right? This is another one that we tried to play the long on. We cut that trade super quick, thankfully. So no loss on that trade, but ultimately falling through lower high OVR, much more aggressive and probably going to bounce off of about 504, I would say.

38:32 Okay, Coinbase, what about Coinbase? So we spoke about Coinbase. We said that Coinbase has a good chance of tagging this. The problem is when you look at Coinbase, when in doubt, zoom out, as I just said. And the problem is that you have to be honest with yourself. This all looks like distribution, right? That all looks like distribution. MicroStrategy is surprisingly holding up.

38:53 Alright, you've got to give it to it. It's holding up. In an extreme scenario, if it does capitulate, I would still say that you're probably going to find support in the pink box between 50 and 80. Circle, yeah, we can look at Circle. You know, this is lower highs that are forming over here, not quite lower lows, but it starts to look like a descending triangle if you keep coming down into this range low over here at like 57.

39:15 So it failed the mid-range. There's the mid-range. We spoke about it, the move up over here. You need to hold above the mid-range at 90 to open up the trade to the range high. It couldn't do it. Failed. So if we go into the daily over there, Circle failed that. It's coming down. I think that you're very likely to retest into the zone. And it should bounce, right?

39:34 It should bounce because it's test one, two. This will only be the third test. So it should at least lead to a technical bounce, something like that. But if that technical bounce leads to yet another lower high, then I'd be betting on the fourth time into this level is going to break. Alrighty. Okay, we'll have a look at some of the other coins. Again, I said when in doubt, zoom out.

39:56 So we should probably do that over here on, you know, the weeklies as well for the other charts, for the altcoins. I know there's a lot of mess on this. So what I will do is let's just hide some of that, right? So there's your weekly. There's your weekly. Usually when you see something like this, you need a bit of time to base out. So it's not to say that you're coming down to new lows or something on Ethereum.

40:21 It's just that it needs a bit of time, like a couple of weeks probably to roll out over here if it is going to be a higher low. You can look at Zcash. There are no lines on these charts. I've removed them to just keep it simple. There are the lines if we put them back on. Very important levels. If you start to close below 1,000, you've lost a significant psychological level.

40:44 This does start to look like complacency over the last couple of weeks with distribution. So these weekly candles are going to be vitally important. We spoke about on the low timeframe that it looked okay as it's starting to lose that. It is, right? So it looked okay. What we spoke about on the daily was, and let's quickly pull out our arrows over here.

41:03 We spoke about these wicks forming, the break of this trend line, the move up, the holding of the golden pocket. And basically saying that already this wick over here, you need that wick to hold. Definitely you want this wick to hold. If you lose this wick, which is where we put the yellow line, you've got to stop out. the trade. And yesterday's candle was a strong down day.

41:19 So one more candle closed under this is probably going to break you under 1,000. And as I just showed you, if you break under 1,000, you know, it kind of becomes a bit of hammer time. All right. And there's a lot of inefficiencies. This will find huge support there in about the 700 region on Zcash. PMP, also, so far, struggling, distributing over here, you know, important level coming in at 3372.

41:43 This is a high timeframe because there's a lot of volatility in the short term, so I don't see the need to, you know, harp on that stuff too much. We can just look at things, you know, one step at a time. Is this just a lower high on Solana? So we have to ask ourselves, right, is it just a lower high? Okay, we said it's risk off until such time as you can reclaim the yellow line, which is over here, right?

42:10 103. You know, this move down, you can probably start to lower that invalidation, but new swing lows, it took out that level. We're distributing. Well, Solana is distributing. Okay, so we need more strength to come back into the market. I wouldn't really pull the trigger on anything here. It needs time is basically what I'm suggesting. All right, Nike, just do it.

42:32 Let's go to Nike. Nike is one that we basically bought the picot bottom and it's one of the only things that's actually kind of holding up in terms of all these charts, right? So here's Nike. Have a look at that. There's Nike. We spoke about it. We literally bought like picot bottom. That candle over here we bought, you know, this thing is up 17% and it reclaimed the yellow box, which is the first good sign.

42:53 Of course, it's going to have a lot of work to do over here, but entry should be safe, stops to break even, no need to take on any unnecessary risk. I'd basically just stop out underneath this yellow box. That's it. Like basically just place your stop loss at like 35, 36, somewhere around there. If you come back down below there, you know, you could be going all the way lower again.

43:15 But otherwise, you're betting on a little bit of a rotation and relief into the 200 EMA, which is downtrending and the downtrending trend line. All righty, guys. Okay, one thing you can take advantage of, by the way, and I just want to remind you because I've been seeing on the timeline and unfortunately I lost the tweet, but it is around specifically Variational.

43:39 It's looking hot, right? It's looking really, really good for this Variational airdrop. More and more positive things are coming out about Variational being much more than just a perpetual DEX. But yeah, they're doing a lot. They're becoming an entire marketplace in its own right. So if you want to take advantage of that, those of you that have been trading, keep trading over there.

44:02 If you have any trades, remember, if I'm not mistaken, there's zero fees, right? So you're basically trading for free just to get the airdrop. Variational, Omni, the most rewarding place to trade. Zero fees, right? It says over there, zero fees. And you get 15% extra points arranged for you guys by using code OMNIDUPES, right? If you want to accelerate on your points, OMNIDUPES, put that into the referral section.

44:27 Click that link, put that in the referral section. They give you 15% on top of your usual points that you'll be farming. So we're expecting weeks away, right? This month or next month is where the Variational token is going to be coming out. All right. Amazing, guys. You can follow me on X if you want more information. We've been through a whole lot today.

44:49 Let's leave it at that. I will see all of you guys on the next one. I hope all of you have a beautiful day. I'll share that Toobit link as well in just a moment. I need to log out that exchange and back in because of the VPN. And then I'll execute. That exact trade. I'll see you guys soon. Have a good one and cheers for now.