EYES ON THE DAILY 50EMA IN BITCOIN — Transcript

Full transcript

1. 0:00hello everybody hope that you had a nice
2. 0:02weekend today is Monday so you know it's
3. 0:04time to start with the trading but
4. 0:06before I just start going into the
5. 0:08analysis that I can see in the chart now
6. 0:09I want to go first to Friday remember
7. 0:12that Friday we have about I think it was
8. 0:1411 UTC time an hour before non-farm
9. 0:17payrolls all right I warned you guys
10. 0:20that if the results were bad or in this
11. 0:23case if the results are good because
12. 0:25good news for the labor market are bad
13. 0:29news
14. 0:30because the FED needs that the labor
15. 0:32market cools off all right so the
16. 0:35results were very good for the workers
17. 0:38but that's bad for the Fed so the market
18. 0:40had to react to it and I was warning you
19. 0:42guys that if the results were were bad
20. 0:45for the market then what you were going
21. 0:47to see is this liquidity pool getting
22. 0:50retrace here okay the Confluence also
23. 0:52was the 50ma this purple line and then
24. 0:55you could open along here because of
25. 0:57course we had this liquidity pool in
26. 0:59mind at 29 600 and also this week over
27. 1:02here around 29 500 okay now what
28. 1:09happened the results were bad and price
29. 1:12indeed exactly that came lower you know
30. 1:15retrace this liquidity pool test the
31. 1:1750mm support and then bounce higher at
32. 1:19the at the 50 of the week so I was
33. 1:22around 29
34. 1:24425 I think it was that's when I closed
35. 1:27most of my trade and then the remaining
36. 1:29position I closed it on the top of the
37. 1:30liquidity pool which is around 29 650.
38. 1:34so that was a very good trick that I saw
39. 1:36that some of you took
40. 1:39um again guys none of these videos are
41. 1:41financially advice I think that you
42. 1:44should try to watch these videos to try
43. 1:46to
44. 1:47maybe gain a different perspective of
45. 1:50how somebody can analyze the market
46. 1:51because I know not many people chart
47. 1:53like this
48. 1:54um but you know it's not a signal I'm
49. 1:56not telling you long here take profits
50. 1:59here it's just my plan that's what I'm
51. 2:01doing okay then if you want to take that
52. 2:04and maybe use it as Confluence to your
53. 2:06analysis that's great but don't let my
54. 2:08analysis to be your analysis okay that's
55. 2:10not how this works because imagine if
56. 2:13I'm gone tomorrow then what have you got
57. 2:17from this nothing you have to try to
58. 2:19learn from these videos okay they are
59. 2:20free use them now let's see what happens
60. 2:23since then let me remove all of this
61. 2:25mess I'm interested on this anymore
62. 2:29in yesterday's Sunday update or posting
63. 2:32let's go to the four hour time frame the
64. 2:34idea that there was quite a lot of
65. 2:36liquidity and still above this Zone
66. 2:39because this Zone over here if you
67. 2:41notice the it's it's a strong resistance
68. 2:42you can see price gets reacted rejected
69. 2:45rejected rejected therefore in this area
70. 2:48if we come back to the sum Traders are
71. 2:50gonna Place more shorts so there is
72. 2:52gonna be a lot of liquidity here in all
73. 2:54the stop losses and liquidations from
74. 2:57high leverage Traders all right so
75. 2:58that's a liquidation Zone what a
76. 3:01liquidity so it's quite interesting but
77. 3:03of course we have this week we had this
78. 3:06week since the 26th of April I've kept
79. 3:08in My Chart all this time why because I
80. 3:10know the price goes back to the weeks it
81. 3:13always happens now you can check that
82. 3:15price hashtag the 50 of the week it
83. 3:18might still go to the hundred percent of
84. 3:19the week
85. 3:21because yes if you notice here and we go
86. 3:24to the Daily time frame look where we
87. 3:25are these 50ma is in the daily time
88. 3:28frame has been or support since the 21st
89. 3:32of April check here one two three four
90. 3:35five six retest a support right that's
91. 3:39what it's keeping us in this uptrend or
92. 3:42in this sideways move as you wanna say
93. 3:43oh
94. 3:44if we have a daily candle closing below
95. 3:47this 50 main okay then the next one can
96. 3:50test it as resistance and then truce me
97. 3:52we're gonna go lower where to
98. 3:54difficult to tell but I've always been
99. 3:57telling you guys
100. 3:58check out this level 25 300 I know it's
101. 4:01a level that many people have marked in
102. 4:03their chat but it makes sense why
103. 4:05because look at this we came to the zone
104. 4:08there was a sell-off boom welcome back
105. 4:10to the Zone another sell-off boom have
106. 4:13we tested this trend line as support no
107. 4:17it yet so the most likely thing is that
108. 4:20price maybe I mean we have some support
109. 4:22over here around 26
110. 4:25800. so yes we could come here and do
111. 4:28some sideways But ultimately we're going
112. 4:30to look at this level because if this
113. 4:32level if we test this level
114. 4:34and we bounce
115. 4:36okay that's good but if we break below
116. 4:39this
117. 4:40what's gonna be next I mean look at this
118. 4:42we have here a lot of liquidity of
119. 4:44liquidity pools all in this one only
120. 4:46zone is liquidity pools
121. 4:50um that takes you between 23 800 to 20
122. 4:53500. so lost this zone of 25 000 and yes
123. 4:58we're gonna probably see 22k ish okay
124. 5:01there is also a lot of Liquidations in
125. 5:02that zone in in hybrid Capital so that
126. 5:05adds some Confluence to the idea that 25
127. 5:08000 is the level to watch if we lose the
128. 5:1150 daily EMA okay let me remove all of
129. 5:14this sorry
130. 5:16um more let's go back into the folder
131. 5:18time frame okay we're again in the four
132. 5:19hour time frame
133. 5:21um I want you guys to to keep in mind
134. 5:23and I want this to be clear that this
135. 5:25projection this pulls up towards this
136. 5:27Zone it's only valid if we close again
137. 5:30above the daily 50ma otherwise
138. 5:32it's probably not going to happen all
139. 5:35right well if we see some kind of fake
140. 5:37out below the 50ma and then in the next
141. 5:39candle we close above it again then I'll
142. 5:42reconsider a scenario
143. 5:44if that happens I'll probably remove
144. 5:47this from my chart okay and then what I
145. 5:49mean with this is that if we come again
146. 5:51to this Zone we're gonna go past it I
147. 5:54have that very clear it's not gonna be
148. 5:56another reaction like this we're gonna
149. 5:57go above it
150. 5:59this being said okay you can see that
151. 6:03you know we've already tacked the 50 of
152. 6:05the week how with another week uh it's a
153. 6:08convincing not really to be honest uh
154. 6:12most weeks get filled so
155. 6:15ah
156. 6:16I don't like it I think I want to feel
157. 6:18again at least the 50 probably 100 so
158. 6:21let's go to the one or time frame let's
159. 6:23see what's going on there let's see what
160. 6:25I can see maybe why Asia did what London
161. 6:28is doing and maybe one New York those
162. 6:30all right let's go to the one hour time
163. 6:31frame here you can see clearly that AC I
164. 6:34made the move okay let's mark those
165. 6:36sessions this could be ACM uh this is
166. 6:39London London still got a couple of
167. 6:41hours left well the European season
168. 6:43is the biggest stock market in Europe
169. 6:47and then this could be New York all
170. 6:51right so what I see here is the
171. 6:53potential
172. 6:56London Halls if London closes this can
173. 6:59the next candles inside this box here
174. 7:01right so London will be holding
175. 7:04and maybe right at the start of the New
176. 7:06York says Universe look you could see
177. 7:08some kind of
178. 7:10sharp dump maybe towards this lows here
179. 7:14right right at the start of the system
180. 7:16and then
181. 7:18okay then this would well this this
182. 7:22would have been in then maybe Mondays
183. 7:25for smooth we'll see all right and then
184. 7:28in the New York City they might want to
185. 7:30shake out
186. 7:32all those Traders and scared us thinking
187. 7:35that we're going to go if this lose hold
188. 7:37or if they sweep this lows and then they
189. 7:41come back above it really quickly
190. 7:44okay something like this then that is
191. 7:47only sweeping the lows they're only you
192. 7:48know shaking out the market and then we
193. 7:50could see a reversal where to well to be
194. 7:53honest
195. 7:54there is for example a liquidity pool in
196. 7:57this Zone and that would be around 28
197. 8:01500 and if you check the 50ma you can
198. 8:05see that we are you know the charge is
199. 8:07looking to be overextended price doesn't
200. 8:09go down forever or up forever sometimes
201. 8:12it needs to retest the 50ma that's why I
202. 8:15say in my case as resistance in this
203. 8:18case so why not why couldn't we see
204. 8:21something like this during the New York
205. 8:22session you know maybe
206. 8:24some kind of false move here
207. 8:27towards this lows and then a sharp
208. 8:30reverse and hit the 50 EMA
209. 8:34that's also around well right now it's
210. 8:36about 28 576 you can see in the top left
211. 8:39in the corner what do you see the
212. 8:41indicator
213. 8:43um obviously it's gonna go down
214. 8:45um probably goes to 28
215. 8:48475 maybe a hundred dollars down until
216. 8:51the New York session starts uh but yes
217. 8:54why not we could see something like this
218. 8:56playing out today this is what I'm
219. 8:57keeping an eye on today of course do you
220. 8:59still need to go into into the 15
221. 9:02minutes time frame the five minutes time
222. 9:03frame because if we come again low to
223. 9:06this area what you don't want to see is
224. 9:09a bounce leaving a long week behind
225. 9:11because weeks get filled all right or
226. 9:13you don't want to see a massive large
227. 9:15green candle
228. 9:18you want to see a bounce that it's
229. 9:21organic that it's clean that it doesn't
230. 9:23leave any imbalances behind because if
231. 9:25it lives in imbalances behind it might
232. 9:27tell you hey we might come back to this
233. 9:30zone or we're gonna go lower but that's
234. 9:32what I'm keeping an eye on against the
235. 9:34financial advice do you don't research
236. 9:36make your own analysis
237. 9:38um this should only be uh some kind of
238. 9:41side Confluence like if I like if I was
239. 9:44an indicator nothing more than that so
240. 9:47anyway guys thank you so much for
241. 9:48watching and I'll see you soon