BITCOIN: A NEW PROJECTION — Transcript

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1. 0:00hello everybody I hope you are good
2. 0:02we're gonna talk about the madness that
3. 0:04we sold yesterday with this one hour
4. 0:06Candlestick that was two thousand
5. 0:09dollars down 2047 dollars down that's
6. 0:13insane and then we have this reduction
7. 0:15over here this bounce that it was a
8. 0:18bounce of another
9. 0:201100 dollars so what we're gonna go
10. 0:24through what happened yesterday on the
11. 0:27next potential move for Bitcoin okay
12. 0:29well I haven't seen this sort of
13. 0:31Candlestick for a long time two thousand
14. 0:34dollars Candlestick what is that
15. 0:37they can see that they retrace Tuesday
16. 0:39move in one candlestick
17. 0:41insane well the first thing is that we
18. 0:45were marking this liquidity pool over
19. 0:46here that it got retraced and it was
20. 0:49exactly around the 30 000 level
21. 0:52psychological number and what I was
22. 0:55expecting to be honest was to break
23. 0:57above the thirty thousand dollars
24. 0:59because we had this over extended move
25. 1:01so the Bulls were loud and well Bulls
26. 1:04are loud price goes down the same as
27. 1:06when pairs are loud price goes up okay
28. 1:08so we were expecting price to go between
29. 1:1130 230 600 Consolidated over here and
30. 1:16then yes retrace because that would have
31. 1:18been the peak of Euphoria for the Bulls
32. 1:20imagine them oh yes we brought 30k next
33. 1:23is 40k okay you would have seen that all
34. 1:26over Twitter for example everybody would
35. 1:29be euphoric so that was my logic you
36. 1:31know make them euphoric after breaking
37. 1:3430k and then dump but no the market
38. 1:36maker just decided to go to 30k and a
39. 1:40straight thumb okay so that's why you
40. 1:42should always Mark these psychological
41. 1:44numbers specifically the whole numbers
42. 1:4630k
43. 1:4829 529
44. 1:52000 every 500 whatever one thousand
45. 1:54that's what I would recommend you okay
46. 1:56because you can see that in this in
47. 1:59those zones is when you usually see the
48. 2:03manipulation anyway enough talking about
49. 2:05what has already happened and let's talk
50. 2:07about what could potentially happen for
51. 2:10Bitcoin next so let's remove all of this
52. 2:14and what first is going to do a daily
53. 2:15time frame because with this I don't
54. 2:18know where we are right now I think we
55. 2:19are good let me check the 50ma yes we
56. 2:22are above support still in fact
57. 2:24yesterday we tested again the 50ma and
58. 2:27now we're filling this week over here
59. 2:29okay so that's quite interesting at the
60. 2:31moment you know we are kind of safe I
61. 2:34would say but let's go to the one hour
62. 2:37time frame again and let's see the
63. 2:40imbalances because this is something
64. 2:42very important
65. 2:44there are two ways to track this price
66. 2:46action okay you could have traded this
67. 2:48drop straight away okay if you did that
68. 2:51congratulations because that was a big
69. 2:53move or you could have trade the
70. 2:56imbalances for example look at this
71. 2:58large scandal
72. 3:00of two thousand dollars that's a massive
73. 3:02imbalance so you would expect Bitcoin to
74. 3:04start to retrace it now that's why it
75. 3:07did straight away okay so you could have
76. 3:08gone long at some point here to start to
77. 3:11retrace this Candlestick okay and now
78. 3:14we're in the Third Way of trading this
79. 3:15that I would say takes longer it's more
80. 3:18tedious it can be quite exhausting but
81. 3:21you can also trade it and it's trading
82. 3:23the imbalances that are left okay and
83. 3:25we're gonna try to do so so I would
84. 3:27start by marking the imbalances that I
85. 3:30can see to the upside I can see this
86. 3:32liquidity pool hasn't been fully
87. 3:34retraced so that would be one zone that
88. 3:36I'm interested
89. 3:37and also this week okay you might not
90. 3:41see that it's a big week compared to the
91. 3:43candle body but if you actually check
92. 3:45this is a how big
93. 3:49650 dollars move so it's a huge candle
94. 3:53candle no I meant weak sorry so let's
95. 3:56just have to Market that would be the
96. 3:58100 of the week and then this would be
97. 4:01about the 50 of the week let's name it
98. 4:04is so the chart is organized it's always
99. 4:06good to name your zones and to have the
100. 4:09chart organized so you can always know
101. 4:12why you mark that level and what you
102. 4:15were talking about in the past okay so
103. 4:17we have basically a liquidity pool to
104. 4:19the website of around three hundred
105. 4:21dollars okay quite small and then to the
106. 4:24downside we have this week that it's
107. 4:26very interesting now
108. 4:30how can we know what zone is gonna get
109. 4:34hit first I would suggest first to go
110. 4:37and check the SMP and the volar index
111. 4:39and the liquidations hit them up okay so
112. 4:41let's do that first
113. 4:42let's start with the dxy because
114. 4:44remember that Bitcoin trades against it
115. 4:46okay so let's go to the folder time
116. 4:49frame
117. 4:50okay I see a week already hang on what
118. 4:53happened yesterday
119. 4:55let's see oh I see so he almost came
120. 4:58back to this level okay that's quite
121. 5:01interesting you know I've I've been
122. 5:03telling you about this chart for a while
123. 5:05as long as the dxy doesn't make a lower
124. 5:08low then we're gonna expect a bounce in
125. 5:12this Zone okay but you can see that in
126. 5:15the four hour time frame
127. 5:17there is some massive week here so what
128. 5:19we would anticipate is that the dxy
129. 5:23should come lower to at least fill the
130. 5:2650 of the week of course you can go to
131. 5:28the hundred percent but at least 50
132. 5:29percent
133. 5:30and then potentially what's your bounce
134. 5:33okay so according to the theory
135. 5:37index goes down Bitcoin should have a
136. 5:40bounce in the short term so keep that in
137. 5:43mind now let's go for the SMP
138. 5:47here it is
139. 5:49all right yeah I have this chart quad
140. 5:51under control because I checked it this
141. 5:52morning but basically remember that we
142. 5:56have this white box that it was support
143. 5:584100
144. 6:00yesterday was yesterday you know two
145. 6:03days ago sorry he lost our support and
146. 6:05he went to this last Zone
147. 6:08but yesterday there was
148. 6:10quite a tricky move and it was that it
149. 6:13went below it
150. 6:15and if it goes below it
151. 6:17and breaks below this Zone we could see
152. 6:20the SMP going all the way to the 4 000
153. 6:22song which would be a massive drop
154. 6:25and I think Bitcoin would probably
155. 6:26follow okay but we'll probably not
156. 6:28should follow now let's go to the one or
157. 6:30time frame let's see what happened
158. 6:31because I can see that it's bouncing
159. 6:33again
160. 6:34and we are above support but the
161. 6:36structure here is telling me that
162. 6:39something might be happening printing at
163. 6:41the moment is
164. 6:42well we printed a lower low and now we
165. 6:45could be printing a lower high okay
166. 6:47because you can see that this high is
167. 6:49lower than this and this low is lower
168. 6:50than this one
169. 6:51so if that's to confirm then we could
170. 6:55expect the SMP to go lower and get to
171. 6:59have another less another leg down now
172. 7:01if we go to the 15 minutes time frame
173. 7:03because there is another alternative
174. 7:04what could be seen here is that if we
175. 7:07start seeing
176. 7:09the SMP some kind of sideways move
177. 7:13during the at the start of the New York
178. 7:15session something like this then well I
179. 7:19expect a move up so keep that in mind at
180. 7:21the moment it's not looking great also
181. 7:23you have here this kind of train line
182. 7:25that everybody is gonna start to draw
183. 7:28and when you see this type of drain of
184. 7:30train line well Traders usually do it's
185. 7:33something like this they're gonna be you
186. 7:36know opening Longs every time it teaches
187. 7:39train line because it work here
188. 7:41well here not because we still don't
189. 7:43have a train line it will work here it
190. 7:45work here so why not here okay and that
191. 7:48is in one of these moments when it's
192. 7:51gonna drop very aggressively to the
193. 7:53downside okay to trap those Traders
194. 7:56so keep an eye on this I think the SMP
195. 7:59could be forming
196. 8:02quite a very structure of lower lows and
197. 8:04lower highs it has to confirm and we
198. 8:06don't go above this high
199. 8:08four thousand ninety I would say that
200. 8:12are in this Zone then you would expect a
201. 8:15move lower but if we start seeing this
202. 8:17kind of sideways move during the start
203. 8:19of the New York session we would expect
204. 8:21a move high so keep this in mind okay
205. 8:24let's check out our recognition hit Maps
206. 8:27or great friend the liquidation of heat
207. 8:29maps and I'm sure it's gonna be very
208. 8:31messy in the 12 hours time frame after
209. 8:32yesterday's move yeah it's it's very
210. 8:36loud at the moment you can see you have
211. 8:37some liquidity at 29 875
212. 8:41which I think is maybe that liquidity
213. 8:43pool that we marked okay and to the
214. 8:45downside twenty seven thousand and 150
215. 8:47but this doesn't give us much
216. 8:49information because we are between two
217. 8:52large liquidity zones you know
218. 8:54yesterday's move were too aggressive so
219. 8:56there is liquidity at both sides now in
220. 8:59the seven days time frame
221. 9:01let's see if we find something more
222. 9:03interesting than the 12 hours time frame
223. 9:06you know the 70s time frame and the one
224. 9:08month time frame usually
225. 9:10are very good
226. 9:12charts oh my what is that let me check
227. 9:15this
228. 9:16okay
229. 9:17so apparently there is a lot of
230. 9:19liquidations at 32 650
231. 9:24and I'm guessing that that's because
232. 9:26yeah you can see that the this body
233. 9:28starts to go more yellow from here okay
234. 9:30and that's because in this move down
235. 9:33people would add into shorts okay all
236. 9:36well even more this in this area to be
237. 9:38honest if you check with the bar above
238. 9:41so in this Zone here
239. 9:43people are adding shorts okay but then
240. 9:47we have this liquidation the downside
241. 9:50that it's closer
242. 9:52and I also looks bigger a 26
243. 9:57850 that's below our week okay so there
244. 10:00is more liquidity be lower week now
245. 10:02let's go with this information to the
246. 10:04Bitcoin chart and let's draw a
247. 10:06projection we're back with the Bitcoin
248. 10:08chart and let's try to draw a projection
249. 10:10with all of the information from the vxy
250. 10:13the SMP the liquidation hit maps and I
251. 10:15know it's quite difficult because Asia
252. 10:17really didn't move and London isn't so
253. 10:20you know they're kind of consolidating
254. 10:24in this Zone and we could expect a move
255. 10:26to either side so it's kind of difficult
256. 10:29but what I would say that has more
257. 10:31probabilities to play out is that if we
258. 10:34see you know a pump first because the
259. 10:37dxy it seems like he might try to fill
260. 10:40to fill that week in the four hour time
261. 10:42France to the downside so then when the
262. 10:45v x y goes down between Bitcoin can go
263. 10:48up so I would like to see this first you
264. 10:51know fill this liquidity pool
265. 10:53and then we could see a dump okay where
266. 10:57to well or or and Target should be
267. 11:02I would say there are three targets here
268. 11:03okay for taking profits if this plays
269. 11:06out at the moment this is only
270. 11:07speculating because we haven't even got
271. 11:08here I kind of even see the momentum and
272. 11:11the strength of the move
273. 11:13so this is only speculating at the
274. 11:15moment but I would say that we have
275. 11:16three potential take profits if this
276. 11:20happened well the first one would be the
277. 11:22week 50 of the week and the full week so
278. 11:24that would be I usually take most of my
279. 11:27profit most of my profits at the 50
280. 11:28percent of the week so that's 27
281. 11:32575 then we also saw in the liquidation
282. 11:35heat Maps remember in the seven days
283. 11:37time frame that there is Kuala liquidity
284. 11:40in this Zone below at twenty six
285. 11:43thousand eight hundred fifty okay so
286. 11:45this is another area of Interest so
287. 11:47price could come a bit lower
288. 11:49and then if we go to the four hour time
289. 11:52frame let's check that 50 EMA
290. 11:55because I've just noticed that something
291. 11:57very interesting is happening here
292. 12:01all right pay attention to this
293. 12:05you know what we all what we usually
294. 12:07look for is you know
295. 12:09a push-up of the EMA retrace practice
296. 12:12and support and continue the way push up
297. 12:15okay here I didn't happen didn't teach
298. 12:18their support so it went higher and then
299. 12:20it fell very strong yesterday remember
300. 12:24and couldn't test it 50 MAF support so
301. 12:27he went lower now that was last night
302. 12:31now Wednesday at 8 pm UTC time we see a
303. 12:36move high but still it hasn't tested the
304. 12:3950 EMA support
305. 12:41so I think sooner or later between has
306. 12:43to test it
307. 12:45I don't know if it's gonna go up first
308. 12:47and then come back down but for sure
309. 12:49this has to be as soon that Bitcoin has
310. 12:52to has to come down to okay that's right
311. 12:55now 28
312. 12:57344 you can see in the top left okay 28
313. 13:01344. so that would be our first tech
314. 13:05profits if Bitcoin can hit this Zone
315. 13:08first then I would open a short okay and
316. 13:13I will be aiming first the 50m in the
317. 13:15four hour time frame then the week and
318. 13:18finally the liquidity the original
319. 13:21liquidation heat maps at 26 850.
320. 13:25it's not Financial advice it's only my
321. 13:27personal opinion my personal projection
322. 13:29I'm I'm just here planning speculating a
323. 13:33potential next story that I might take
324. 13:34and that's all it is so guys thank you
325. 13:37so much for watching and I'll see you
326. 13:39soon