BITCOIN SHORT SQUEEZE! BYE WEEKEND RANGE — Transcript

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1. 0:00hello everybody you are good first of
2. 0:02all thank you very much for all your
3. 0:04messages and support especially in the
4. 0:06last 24 hours I'm really glad that
5. 0:08you're liking the content here so that's
6. 0:10why I'm going to continue with the daily
7. 0:12updates because I appreciate it so
8. 0:15basically Bitcoin just left this Zone
9. 0:17that we marked this was the weekend
10. 0:18range it was a sort of choppiness but we
11. 0:21were expecting was
12. 0:22a move first to the to the week or to
13. 0:26the liquidity pool the liquidity pool
14. 0:27came first as that was our main scenario
15. 0:31because that's where there was more
16. 0:32liquidity so it would make sense that if
17. 0:35everybody goes going short that they
18. 0:37trigger this liquidations over here so
19. 0:40then more people would jump into shorts
20. 0:42and then they could reverse to the
21. 0:44opposite side okay so that's pretty much
22. 0:45what happened I'm gonna show you here
23. 0:47this hit
24. 0:5026140 and if we go to the liquidation
25. 0:53hit map in Cabo capital
26. 0:55we can see that they took that
27. 0:57liquidation so you can see with that
28. 0:59week there and then price change
29. 1:02direction okay so that was what we were
30. 1:04expecting with the premise that after
31. 1:07that bounce Bitcoin had to close again
32. 1:09above the 50 daily EMA and that's what
33. 1:11happened let's go to the 50ma
34. 1:13here you can see this purple line is the
35. 1:1550 daily EMA so basically this was the
36. 1:18the Candlestick you can see the price
37. 1:21went down and then came back up and the
38. 1:23daily candle closed above the daily 50
39. 1:26EMA so that's perfect that's what
40. 1:28happened and then if we go back to the
41. 1:30one hour time frame we can see
42. 1:32the the next Direction was the week the
43. 1:37Haku you enter that trade because we
44. 1:38have a problem and is that Bitcoin was
45. 1:40below low time frame resistance the 1
46. 1:43hour 50ma so what we were basically
47. 1:45expecting was
48. 1:46a bounce break above the deli the 1 hour
49. 1:5050ma test the bucket support that's what
50. 1:52happened here and then bounce okay I'm
51. 1:55very happy that it played out now
52. 1:56Bitcoin keeps moving up let me remove
53. 1:58all of this because we've left this Zone
54. 2:01so this is not interesting anymore
55. 2:03okay and we don't need the 50ma neither
56. 2:07so Bitcoin keeps going up now and now
57. 2:10you might be wondering what is next
58. 2:13I'm also very interested to see what
59. 2:15Bitcoin does up here because that's
60. 2:17exactly thirty thousand that's a
61. 2:18psychological number so let's see what
62. 2:21Bitcoin does that okay what I'm
63. 2:22expecting basically is that look it's
64. 2:24almost there is that it breaks above it
65. 2:26okay
66. 2:28so people are gonna get very bullish
67. 2:31because they've just gone above a very
68. 2:33psychological
69. 2:35level Okay so
70. 2:37what I imagine is that it's going to go
71. 2:39up then retrace
72. 2:41and then see what it does here because
73. 2:42from here we could see a lot of Wicks to
74. 2:44the upside
75. 2:45operation any further and then Bitcoin
76. 2:48could retrace okay or we could see the
77. 2:51same that it has done here that has been
78. 2:54doing a bit of consolidation by making
79. 2:56higher lows you can see here we're gonna
80. 2:58go in a minute and then continue going
81. 3:01up okay but yes I expect that in around
82. 3:04the 30k above 30 I would say between
83. 3:06thirty thousand two hundred thirty
84. 3:10thousand five hundred
85. 3:11some kind of consolidation okay now I
86. 3:14want to check this Zone because I want
87. 3:16you to understand the difference with
88. 3:18what I meant here
89. 3:19okay
90. 3:21and what happened here so let me check
91. 3:23this
92. 3:24view to the 15 minutes time frame
93. 3:27you can see that there was no reason to
94. 3:31short here why were you sure this price
95. 3:34is making is still higher lows you can
96. 3:36see here here here here here so what
97. 3:39were you sure there
98. 3:40it doesn't make any sense okay what we
99. 3:43would like to see
100. 3:45for a short signal is something similar
101. 3:48to this but we won't basically
102. 3:51price
103. 3:52in a Range are at the highest and doing
104. 3:56some kind of this okay then we're
105. 3:59probably gonna have here a strong
106. 4:01resistance so what we like is a stop
107. 4:04hunt and then a retrace but for that
108. 4:07Bitcoin is not giving us a sign for any
109. 4:10of that so I'm not going to trade this
110. 4:13but you could do those you could go to
111. 4:14the five minutes time frame and you can
112. 4:16start looking for wicks look at this one
113. 4:18for example you had a long week here
114. 4:20okay and then a long week here so what
115. 4:23you could expect here
116. 4:24is this week to get filled at least 50
117. 4:27percent and aim towards this week this
118. 4:30is what I mean with a scalping in low
119. 4:31time frame okay that is always
120. 4:33opportunities but at the moment look
121. 4:35again this week are filled at the moment
122. 4:37is that your scalp
123. 4:40or do wait for the New York opening
124. 4:43so that's pretty much everything that I
125. 4:44have to say for Bitcoin at the moment
126. 4:47if you trade right now I would call that
127. 4:50over trading because that is nothing
128. 4:53that is indicating me a high probability
129. 4:55trade okay we want a trade that plays
130. 4:59out like for example yesterday's we were
131. 5:02planning that trades in the Sunday
132. 5:03update and it happened yesterday but
133. 5:05that's a high probability trade that's
134. 5:07what we want
135. 5:09okay so now either scalp in low time
136. 5:12frame or wait for the New York opening I
137. 5:14have a very clear guys I want to go to
138. 5:17the SMP
139. 5:18because he's doing some kind of
140. 5:21move over here look at this
141. 5:23do you guys remember this box that we
142. 5:25were pointed at at 4100 okay and what
143. 5:29would happen
144. 5:30if the SMP lost this Zone
145. 5:33yep
146. 5:34it's not looking great
147. 5:36I mean still there is some kind of
148. 5:38support here you can see in this Zone
149. 5:42okay so let's see if the SMP can hold
150. 5:45this Zone because if not it has a long
151. 5:48way down to four thousand okay I'm also
152. 5:51paying attention to the earning reports
153. 5:52and the News announcements yesterday
154. 5:54after the markets closed we had the end
155. 5:57report from Google and
156. 6:00Microsoft and they were better than
157. 6:02expected today we have meta after the
158. 6:04market closes and tomorrow we have
159. 6:08Amazon okay so that's going to be quite
160. 6:10interesting but what it's even more
161. 6:11interesting is what happened in the US
162. 6:14First Republic Bank
163. 6:16yesterday dropped 49 percent the value
164. 6:20of the stock okay basically they
165. 6:22admitted the they lost a lot of deposits
166. 6:24which is normal so the banking crisis
167. 6:27hasn't finished okay I'm gonna go to the
168. 6:31year deals just see the two deer deals
169. 6:33chart
170. 6:38there we go higher time frame for our
171. 6:40time frame
172. 6:42okay I see that's pretty interesting
173. 6:46so basically it has abandoned this
174. 6:47uptrend now it's retracing okay I like
175. 6:51to think that what is interesting here
176. 6:54is that the bonds Market is not really
177. 6:57trusting and believing the FED because
178. 6:59the FED keeps saying that in 10 days
179. 7:02well eight days now we'll have the fomc
180. 7:05meeting May 3rd
181. 7:07They're Gonna Keep increasing rates but
182. 7:10we have
183. 7:11the problem of the banking crisis that
184. 7:13hasn't finished and if they keep Rising
185. 7:15interest rate is gonna make it worse
186. 7:17okay probably now they wanna have to
187. 7:20rescue the bank
188. 7:23and then we have the bonds Market
189. 7:26that has predicted the top well
190. 7:28according also to the Dot Plot
191. 7:32from the fat
192. 7:33and it's not really trusting what they
193. 7:36are saying about keeping interest rates
194. 7:38higher and Rising them okay because
195. 7:42otherwise what I would have done here is
196. 7:45first he would have gone to fill this
197. 7:46Gap
198. 7:47and then keep Rising a mega higher high
199. 7:50we may be 525 but it hasn't so let's see
200. 7:54what effect does when we are closer to
201. 7:56the date of the fomc meeting
202. 7:59I'll give you some more information but
203. 8:01it's good to always keep an eye on those
204. 8:03announcements the ponds Market Behavior
205. 8:07and what is happening around the glove
206. 8:10okay so thank you so much for watching
207. 8:12guys I'll see you soon