Warning: The Crypto Pull Back Has Just Begun (More Downside Incoming) Transcript, AI Summary & Key Points

00:00 Guys, so we have got a red candle forming. This is what altcoins are looking at uh the last 24 hours. But obviously the big thing to pay attention to here is slightly a little bit more aggression on the current pullback, right? So we've been chopping, chopping, chopping, and this is Ethereum as an example, right? Just not getting through the high wall, right?

00:19 Paying attention to where liquidity has been sitting. There hasn't been much liquidity to the upside. There's been a lot to the downside and therefore we failed to get through the highs and now we're starting to see an acceleration. So yesterday I spoke around a bunch of limit orders sitting lower down. This for me is the first sign of actually seeing the start of the pullback.

00:38 Right now I want to speak around the scenarios today. I do think there's going to be an attempt of the market trying to maybe recover this. But at the same point, we got to get ready for a fast speed up to the downside. Right. What's very likely with these drops that come into play is the first move, right? All depending on how aggressive wants to get usually gives you the best buying opportunities, right?

01:00 So, we got tons of alt coins to go through today. I want to speak around this being the first leg. I see another more aggressive leg to the downside. And then it comes to that important uncomfortable part, right, of getting ready to deploy. And I've been speaking around me going very aggressive, right, on when the pullback finally starts. And this can finally be the start of that.

01:20 So guys, do me a favor. Smash up the like. Let's go. >> But inside I'm just like sniper. Welcome to the show, >> fam. The biggest thing within this market is to get very excited for pullbacks, right? Especially uh you know, again, a no-brainer, high time frame. We've broken a lot of structures. We can get excited for the future, right? But when it comes to really buying more and you know getting positions into the markets, you know, you want to get to these days of you know getting exciting on days like this, which

01:58 means when the market starts getting a little bit overextended, right, and shoots up and specifically starts to slow down, right? Is a time for you to prepare what you want to buy, where you want to buy it, and be patient. At the same time, you know that, hey, there might be another leg up, okay? But I need to put the point system, right? And we've just been looking over the last and I've been patient now for seven to 10 days to say, "Hey, I'm going to wait lower.

02:19 I want to buy lower. I want to go aggressive lower, right? But I don't I see more reasons of being bearish than being bullish right now, right? And by being just a little bit patient, right? You allow another candle to form, another candle to form, and it either justifies your thesis that you have, right? Or things start to shift and you can maybe start adjusting the strategy, right?

02:36 But for us, nothing really changed, right? when it came day by day as things were passing, we were just not breaking through the major areas. So, I want to go through the Bitcoin chart here and go through the plays with you guys. I do think a bounce is coming. Okay? And I think the bounce can be quite important. Okay? And then I want to speak around the continuation and all the different signs we want to see.

02:57 Right? This for me, right, is a pullback I've been waiting for, something I'm waiting to build up. Okay? Now, it comes down to the the options of the bounce. Right? And there are a bunch of options to speak around. So, let's go through the first one over here just before I do jump up, guys. Smash up like how you guys all doing. If we get the likes up and you get them to 500, we'll start at 500, right?

03:18 I do have some of these bad boys to give to you guys, right? So, I do have uh a couple of bit funded accounts to give to you guys. And one thing if you don't have a funded account, one thing that I speak about, you know, starting funded accounts, right, is they've just opened up a 20x leverage. Usually can only trade a 5x, right? These have just come into place.

03:39 If you want, there's a link below in the description. But nonetheless, I'm going to give you guys a couple of these packages, right? What's up? Still soft. Must it go this way or the other way? Yo yo yo yo yo yo yo. >> Okay, let me know guys. Let me know before I jump into all the information. So again, 500 likes and I'm giving away to you guys. Okay, let me know.

04:02 Can you hear me? Sound good? Better, better, better, better, better, better, better. There we go. There we go. There we go. Okay, we're good. Finally. Huh? Finally. Okay, let's jump in here. Let's jump through. We'll get it. Uh, uh, every day tech tech, right? Tech always changes these things. Okay, so here we go. So, if we look at Bitcoin itself, many attempts, right?

04:30 Didn't get through. Okay, we also looked at liquidity which I'll bring up now in a sec. Just get it up here quickly. Um, liquidity was also important thing, right? There was in wasn't any liquidity sitting to the upside, right? Which meant for me that if we add a high time frame resistance, right? And there's liquidity sitting slightly high up. The market might want to go capture liquidity.

04:52 But because there just weren't many shortters in the market and not much liquidity sitting anywhere, right? I wouldn't be surprised that it rejects at these levels, right? Right? And that was something that came into play. So let's just go through here. Look at this. The minute we have a drop, look how it starts to form. Yes, that's what we want. Right now, this is on the 24 hours, okay?

05:09 But we want it to form on the higher time frames, right? Let's see here on the weekly what's changing. Okay? So, we still hunting the liquidity to the downside. But do you see the yellow starting to form here? Right guys, we need fuel, right? In order to get to the $100,000 zone, right? Or get to the higher targets we're looking for, right? We need to accumulate and we need fuel something as in a short squeeze right the reason is is the market dropping now creates bearish people to come back into the market start

05:39 shorting the market right and start having a liquidation pool sitting over here okay we don't need the liquidation pool to be up here we need it to be here right because the reason is is once you get an attempt and we break through it and there is a squeeze right and all of a sudden Bitcoin goes from $86,000 all the way into the mid90 guys it's all over X, it's all over social media.

06:00 People start flying in, right? So, all you need is just the starters to come in, create hype, right? And then that creates a bunch of people to come FOMO into the market, right? And then that's what creates continuation. But because we've had a really strong run to get here, right? The buying pressure was starting to slow down. It wrecked all the shortters out of the markets, right?

06:20 So, by us having this down now, you can automatically see when it comes to the the the liquidations how now we're starting to slowly form this up over here. Now, again, this ain't a huge section just yet. I want this to get bigger and bigger and bigger. Okay, but as we basically zoom out here, we can see there's still liquidity to the downside. Okay, let's see on the two week what we're seeing over here.

06:41 Okay, there's more liquidity sitting down over here at 82. Okay, as it starts to play out, we're going to start to see where this starts to form, right? So the couple of signs again us not getting through the highs here no liquidity sitting at the top weekly RSI at the top right at resistance failing to get through many many many many attempts okay gives us the signs to remain bearish and wait for the lower target.

07:03 So these rejections came into play and what we were waiting for was the trend line to break. Now guys, this is going to very likely be, you know, we're about to open up a bunch of scenarios that's going to come into play here, but this is very likely going to be one that people maybe take a little bit more serious, right? Because now we're starting to speed up a little bit.

07:21 Okay, we're coming into previous zones here, but if we start losing 82 and stuff, right, you're going to start getting the bearish approaches starting to come into play, right? And the reason is is because we're starting to slow down the momentum, right? We are now losing the trend line supports over here, right? which can start that speed up at any point here.

07:39 Right, the targets of where I'm still seeing liquidity and the areas of what I'm paying attention to, right, is we do have two scenarios to come into play here. We have these two big zones here, right? We basically have the late 79,000ish area, right, to 80,000, right? And then we have the 74,000, guys. They are both valid and they both can definitely play out, right?

08:02 So, the first test that I'm looking for is I'm still looking for us to continue to this downside over here. Okay, from here there's very likely going to be a bounce. There's a lot of support in this area. It's all these previous highs and there's important Fibonacci points, right? So, it's very likely to be a bounce. Okay? And that bounce is going to give us a little bit of a clue, right?

08:22 So I want to speak around the way I'm kind of seeing the action happen over the next you know um couple of days or specifically the next 24 hours type of view is we are going to at some point either here or lower down right the first scenario is we're actually going to see a bounce and we're going to see Bitcoin actually recover up to 85,000 right 85 86,000 okay from there we're looking at another leg down okay there is a scenario where this actually fakes out and actually pushes up again okay but in order for me to

08:52 flip to that scenario. I have to see Bitcoin bounce and actually get into the 86. Until then, I have to go on the scenario of us going up here and rejecting and moving to the downside. Right? That's one one of the plays. The second play is we actually just go straight for it. Right? This will really catch the market off of guard. If we just accelerate to the downside and we start just moving moving moving, getting aggressive, people start to panic out of the market, right?

09:14 This one also comes into play. But both of them kind of result in me ending up with this area. Then what we're looking for, right, is from this area, we are looking for a bounce and something like this. Okay, I'm on the 4hour time frame because it is going to take a little bit of time now to confirm the bottom, the area, these type of things. But I want to see a bounce and I want to see a pattern that does this, right?

09:35 If we see a pattern that does this where it bounces and starts moving like this, then I start thinking 74,000. Right? So for me, both are in play and any limits orders that I'm setting right now is for both scenarios. This basically becomes the big accumulation zone of where I'm looking to accumulate positions. Okay? And only after once we see the clues of what happens next will give us idea if we are going to the lower band, right?

10:04 Or what again what I want to see is a bounce in something like this to be bullish to move to the upside. Which gets me to the time frames, right? I'm looking at October being the fight for the bottom, right? I'm looking either late October if this happens quicker and it gets down there faster, late October, October to November for us actually pushing into the 90,000s, right?

10:29 So that is still the current play when it when it comes into into this over here. So again, late 79,000 to the 74,000 the two scenarios I am seeing a bounce over here that will determine if we're looking for another leg to the downside or not. Now I want to speak about the important part here which is the altcoins right. So guys alcoins at this point right if you look at what has happened to the dominance over the last you know day or two right we still have it kind of chopping around okay and it's actually given some

10:56 altcoins an opportunity to hold nicely. So even though Bitcoin is pulling back right the tokens if you look that are really affected right now right is Bitcoin and Ethereum right those are the two tokens that have actually put in the bigger moves. Some altcoins have started to pull back. So, Injective is starting to really rip down now. Right? So, Injective in the last 24 hours is uh is down 11%.

11:16 Right? So, some alts are pulling, but overall the alts have been hand holding actually not too bad, but not for much longer. Right? The reason being is you could see that the altcoins are still sitting in this flag. Okay? So what that basically means now is if we see this bounce pretty soon from Bitcoin. I spoke about a bounce in this area anywhere here between the the late 82s and the mid 83s, right?

11:38 If we see a bounce, okay, you're going to see a bounce in the altcoins, okay? Because they're coming into support of this flag right now, okay? And a bounce from here will put us something like this, a lower high. And if Bitcoin fails, we're going to move down right to this area over here. But if Bitcoin doesn't bounce now, okay, and alts actually, let's say Bitcoin pushes down a little bit more, right?

12:04 Alts are going to start losing the trend, test and speed up very quickly. Okay. So again it comes to that point of getting alcoin buys ready because this dominance is sitting in a place now that if Bitcoin drops and dominance do does this right you're going to see the day that we are waiting for is a doubledigit red day right double digit red day is exactly what we want to see and exactly where we want to be buying right again it's just this fight now of is it 74 is it 79 right that's why daybyday tune in okay and this

12:38 is where I'm going to start deploying Guys, I think you'll be quite shocked to see the amount of uh accounts I'm going to be deploying over the next little while. Um because it's uh it's this is the time, right? This is the time to to to get ready for buys, but at the same time, not to jump the market too too early, right? So again, total three is sitting here.

12:58 There might be a temporary bounce, okay, into something like that. But if we lose here, we are going to start speeding up pretty quickly, which still means right now that I'm still thinking about the altcoins having that double digit move to the downside. I can still think worse scenario right now. Okay, anything that changes that, okay, is we want to see a let's go back to alts here.

13:19 We want to see a bounce here, breakthrough, and then there'll be tons of breaker trends we can buy. Okay, but as it stands right now, just because some alts are looking okay, right, doesn't mean that they're safe. So, let me show you an example, right? There is Salana. Soul has only just started to lose trends, right? Where if you look at things like ETH, ETH really lost the trend aggressively, right?

13:42 So, just because Soul's holding better than ETH right now, right, doesn't mean that Soul ain't going to pull back and and accelerates even quicker, right? It means that it's just started catching up at these areas here. So, Soul starts losing this trend. And I'll show you guys another important trend here, right? For the speed up, okay, which is this one over here where we're basically at right now.

14:01 We start losing here. This is going to start speeding up and start moving to the downside nice and aggressive. Finally, we can get more Salana entries. A good thing, great thing, right? Look at things like chain link. Chain link is only just starting to get ready to lose trends, right? So, it all comes down to this chart here. this one starts breaking through and moving here, you're going to see an acceleration pretty quick um of the market starting to um accelerate to the downside.

14:29 So again, I want to go through the plays here of what we setting, okay, when it comes to um I have a whole bunch of my drawings from uh our club session this morning. We actually just went long on a little bit of gold, but uh yeah, join join club if you want to see that. But here we go. It's time to get ready. Right here is ETH and again for me 2472 2396 2200.

14:57 Right, this one's the bad scenario. We kind of go down to that 74,000 for Bitcoin. I don't think it will last too long, right? But this is where the limit orders are set right now. Now, the point that I want to get to here is any capital that I'm looking to buy in, I'm looking to buy around 60% in within these three limit orders. Okay? Yes, I want to make that pretty clear because I think it's very important that I'm still going to leave some cash on the side.

15:20 I've deployed too early before and had no cash to take advantage of anything that may choose to happen. Now, Sheldon, why would you say that? I'm going to bring it into play not to say it's going to happen, okay? But at the same time, it is something that we need to pay attention to. If you look at the original lines for Bitcoin right now, the initial momentum, right, is sitting over here.

15:40 Okay, so that does open us. And if you drag a Fibonacci here, and these are all bullish views here, but at the same time, right, gives you an idea of what could also be possible, right? Is you could see that this trend and this fib is lining up at 72,000. That's pretty aggressive from where we are now, right? 72,000 on a raging dominance or anything like that is quite quite aggressive move down.

16:05 Okay? And ones that I want to capitalize on and therefore sitting, but at the same time having some spare cash, okay? because some altcoins might just drop quicker than others and I might be getting more specials than what I actually thought thought I was going to get. Right? So again coming through the list over here a lot of the altcoins like chain link only just kind of started beginning.

16:26 Right? So before I think it's going to be strong and not go down this low I must realize that the dominance uh the total three losers trend they're going to speed up. Right? So I'm still keeping these major plays over here. Here's XRP. Okay XRP just started losing trends. So the players I spoke the 1.35 on XRP right injective guys 6.6 6 point uh 6.6 6.1 right big buy zones I'm buying on on on injective again 60% of what I want to buy.

16:55 So, just to explain after these moves, this downside move, okay, to go through the the the alts again, I'm looking for a push down here on altcoins, okay, and then I'm looking for a rally up here. So, I think we got a huge opportunity when it comes to to to building these uh positions. Okay, Avac, let's go see where Avac is at. Okay, Avac hasn't lost trend yet, right?

17:20 So, it's one I'm just going to be patient. Hey, if there's 20 alts that I'm setting limits and I get, you know, 15 of them and there's five that kind of strong like, hey, we we'll buy another breaker trend. But for now, okay, it's still actually in trend. Okay, so a temporary bounce could actually send this, you know, a little bit higher up. Okay, but we continue down, we lose this trend, the speed up will happen.

17:41 So this still comes into play. Still something that I'm paying attention to. Suie hasn't lost trend yet. Loses these trends, it will start to speed up. Temporary bounce and we fail to get through the highs and then we are coming down. Okay, which now gets me to the point of let's go look at catalysts of where this market's at right now. Right, here's gold.

18:02 We're taking a cheeky little possible long on gold at the moment. But at the same time, right, if the market does not hold these levels, right? So there there's the supports right now in gold. If the market does not have a strong bounce pretty soon, right, we're going to see gold come down easily another 10 to 15%. Which is big, right? And if you look at the dollar right now guys, the dollar has truly spiked to the upside.

18:29 Right? Here's the dollar ripping through. So this is not great signs now for the, you know, normal markets. If we look at NASDAQ, which is at the highs, I'm actually going to speak around why we could possibly see a drop in NASDAQ pretty soon, right? Or catalyst that can just feel more into a speed up, right, to to come into play. Um, but let's let's go back here to to the dollar.

18:49 Look at the dollar here. The dollar don't have much resistance other than here. Okay. And slightly higher up. Okay. After that I'm bearish on the dollar. Right. So I think the dollar can move up a little bit more and then I think we are going to go down. Okay. So I I'm still bullish on markets higher time frame. I still think they they are strong and look good.

19:08 Same thing with gold. I think gold's going to still have an attempt and have strong strength to the upside. Okay. But I do want to speak around the NASDAQ which is important. Okay. on just why this can kind of speed up pretty soon. Okay, so NASDAQ has had a rejection. Okay, and the bad sign that I'm seeing for now, right, is I am seeing this divergence, right?

19:30 So you see here divergence. When divergence comes into play, okay, which is here lower highs on uh uh the RSI and higher highs on the chart means the reaction could be pretty aggressive. Okay, good news is that we do have a bunch of support sitting down over here. Okay, so if this starts to pull down, Bitcoin starts to accelerate. We do have a bunch of supports and we should be looking at strong bounces to come into play after that.

19:54 Okay, which also gets me to a point of showing one thing that's that's interesting on Bitcoin right now, right? Is that we don't actually have any bearish divergences, okay? Which means for me, if I'm looking at like a very big drop all the way to the downside, I'm not seeing no signs. Okay, I'm actually starting to get ready to look for bullish divergence.

20:14 So, as you can see, the daily RSI is telling us, hey, by Friday, Saturday, RSI should be at the bottom, and we should actually see a possibly really good week next week. Okay, but for now, as it stands, brace ourselves over the next couple of days, you know, market is starting to to to accelerate and uh wake up to the downside. Okay, when it comes to the rest of the altcoins, right, a lot of them as in your uh um render and tokens like this, I'm still expecting I'm just going to give you a view here of, you know,

20:45 pullback anywhere between another 10 to 15%. Is what I see altcoins pulling back, right? Some altcoins maybe your Zcashes. I see if Zcash loses this trend. Let's just see if it's lost it yet. We might finally get our Zcash entries. some more. Okay, so there's still a bit of trend for now. Hasn't lasted just yet, but we start losing this trend and we can get ready for that $900,000 entries, which I think are good entries on Zcash considering, you know, where price is now and what it's basically done.

21:18 Um, hyperlquid. Okay, hype is getting ready to possibly let's see if it's losing trend yet. Need to get some more hype in the portfolio. Okay, still got a little bit of support for now. Okay, so I do think the market has an attempt to bounce. Okay. And let's see where those highs kind of go. Um, but at the same time, I don't see it breaking new highs just yet.

21:37 N's still there at this point. N is basically sitting between here and there's still more liquidity at $6. N might want to do something like that, right? Then come into play. So, we'll be a little bit patient uh when it comes to NIA. Um, flying through the rest over here. See, Super Farm's pulling back. We're going to be looking to buy a lot of super farm when it's ready, right?

22:00 Polka dot. Okay, that's starting to pull back. H bar. H bar is pulling back. Losing all these trends over here. We're going to look for down here. So, as it stands right now, another 10 15% is very likely what we are looking to see, guys. Now, the next few days comes around setting accounts, getting things loaded up, getting things building. What's our likes on there, Mikey?

22:30 How many likes, sir? >> Let me know how many likes. How many likes? >> Looks like 98. >> 198 likes. Ah, and I was going to give away so many bit funs. Probably going to give away $5,000 worth of bit funance. Got to get them up. You got to get them up. you got to get them going then I give them away which gets me to the next point as well guys any exchanges I'm opening up club very soon you can actually go join my club now we are trading in there at the moment we're busy with the challenge but if you got a WEX account

23:07 right here's all signup bonuses if you have a two bit account right we have 20% sign up bonuses right all links below in the description just to show you guys here right what's the likes on let's see here what the likes are 262. We're getting there. We're getting there. Um, here is WEX, right? You also got two bit over here. Any of these links you sign up on, you can join the club, right?

23:32 Go and join the club. Um, we are trading in there today. We are actually uh loading up and having some fun there together. Okay, let's see here. I do want to see this USDT dominance still bullish. So, that that that's still bearish for markets uh for now. Uh, okay guys, I think that's it. I think let's leave the rest of the week. I'll see you guys tomorrow again for a Alcoin show, portfolio show.

23:54 I'm actually launching when Bitcoin gets to 79. I'm actually opening a lot of funded accounts, right? I'm going to be sharing those positions with you guys as well. And like I say, I'm deploying a $100,000 account. I'm deploying a $50,000 account. I'm deploying a lot of accounts, right? As this comes, we just have to be patient for the opportunities we're seeing. Have a fantastic day. Lots of love. Thanks for watching. Bye-bye.