LIQUIDITY POOL RETRACED... — Transcript

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1. 0:02thank you so much for passing through a
2. 0:05new day a new update for Bitcoin
3. 0:08I have to say that I'm I appreciate all
4. 0:10the support that the videos are getting
5. 0:12I see that you guys are enjoying the
6. 0:14content so then I'm enjoying making it
7. 0:16for you and yes I'm also very happy how
8. 0:20with how this week is going because we
9. 0:22were anticipating to be a very hard week
10. 0:24to trade and so it is it's been a really
11. 0:27difficult week but still we managed to
12. 0:29get some very good traits okay and
13. 0:32yesterday's uh and today was one of them
14. 0:35because we were with this projection
15. 0:38in yesterday's video and I managed here
16. 0:42to get a scalp okay let me tell you
17. 0:44first a bit of context so uh yesterday
18. 0:46we do this this projection you know hit
19. 0:49the liquidity pool and then go to the
20. 0:50week obviously it's a lot of these
21. 0:53things is like one thousand and a half
22. 0:55yeah well two thousand move two thousand
23. 0:58dollars move from here so it's a very
24. 1:00big move so I might take days to develop
25. 1:03but that's kind of for original
26. 1:05projection okay but yesterday something
27. 1:07interesting happened after I posted the
28. 1:10video
29. 1:12so this week let's go to the 15 minutes
30. 1:15time frame we saw this week
31. 1:18okay hitting is the liquidity pool is
32. 1:21straight away to 550 half my entry point
33. 1:24of 515
34. 1:26okay so it'll let me go into short and
35. 1:30then he just went all the way down to 28
36. 1:34850. my position was closed also I think
37. 1:37at 20 no 20 950 I think it was or or
38. 1:42five 960 something like that so that was
39. 1:45a nice scalp okay
40. 1:47across that one manually I didn't have
41. 1:50any any any limit a sell order and I
42. 1:54posted also on Twitter when I closed it
43. 1:55because
44. 1:56when when you guys have an order an
45. 1:59entry point and you see price a straight
46. 2:02away reacting in the opposite way so
47. 2:04fast
48. 2:05you can't really truth that move that
49. 2:08much why because he's living a week
50. 2:09behind okay look at this week it's a
51. 2:11week of how much four hundred dollars
52. 2:14okay and I was in in nothing in no time
53. 2:18so you were expecting then price to go
54. 2:20back up and retrace that week okay so
55. 2:23that's what I mean just you could just
56. 2:25take profits and then re-enter
57. 2:28um I posted also here that I was not
58. 2:30re-entering at the moment because I saw
59. 2:32some momentum look at this Candlestick
60. 2:34is quite strong and then price was you
61. 2:37know I woke up this morning early and I
62. 2:39saw price was you know consolidating
63. 2:40under the liquidity pool So I entered a
64. 2:43short I think at six seven in the
65. 2:45morning so it was around here this is
66. 2:47UTC time and I was sitting at a profit
67. 2:49because you can see that it seems that
68. 2:51it's going to the right direction it
69. 2:52just broke below the 50 EMA in the one
70. 2:54hour time frame I'm only have two hours
71. 2:57until the candles close so if the candle
72. 2:58close below the 50 I mean the daily in
73. 3:00the one hour time frame
74. 3:02resistance then yes we're expecting
75. 3:05lower prices but guys take this with a
76. 3:08pinch of salt okay because you know I
77. 3:11appreciate your support on YouTube on
78. 3:13Twitter
79. 3:14but please don't be like crypto said
80. 3:17this is going to happen so it's going to
81. 3:18happen no
82. 3:20don't be like that don't put your money
83. 3:22just because somebody else's has done an
84. 3:25analysis and is projecting lower prices
85. 3:29you should have your own idea first and
86. 3:32then you can use other Traders analysis
87. 3:35to give you a bit of confidence okay but
88. 3:38never Trace based on others analysis you
89. 3:41know these videos
90. 3:43they are only to give you a bit of an
91. 3:45idea of what I see that might happen but
92. 3:48it's not a signal call it's not telling
93. 3:51you you know entry entering the
94. 3:54liquidity pool
95. 3:55and short all the way to the wake no
96. 3:57because that's not how trading works
97. 3:59because then I might just go like
98. 4:01yesterday happened I'll make this
99. 4:03straight into a scalp and then re-enter
100. 4:05again here okay or at the end I might
101. 4:08lose my trade if it goes into the right
102. 4:10direction at the 50mm in the four hour
103. 4:12time frame and all the way to the week
104. 4:13so this is what I mean guys make your
105. 4:15own analysis make your own trading
106. 4:17system or learn from others but at the
107. 4:20end of the day you have to create your
108. 4:23own analysis and be responsible of them
109. 4:25anyway we just had a candle close Okay
110. 4:28it closed below the 50 EMA in the one or
111. 4:31time frame and now let's see how this
112. 4:33new candle closes okay because if it
113. 4:36closes below it again with a little weak
114. 4:40testing it as resistance then you could
115. 4:43expect
116. 4:44lower prices but for now this just might
117. 4:47be some kind of fake out and now the
118. 4:49next candle might be like this okay and
119. 4:51then you can consolidate and go higher
120. 4:52so keep an eye on that now you need to
121. 4:55ask yourself what's the invalidation of
122. 4:57your trade
123. 4:58and where would you flip your position
124. 5:00okay so mine is clear you know break up
125. 5:04of this Zone you know test is a support
126. 5:07and then we're gonna see prices going
127. 5:09higher if you go down to the Daily time
128. 5:11frame
129. 5:12we're gonna see that the chart is
130. 5:15actually not looking bad at all look at
131. 5:17all these weeks testing the 50 EMA in
132. 5:20the daily time frame this is only
133. 5:21telling you that the support is solid
134. 5:24okay so we might be heading into the
135. 5:28next Zone to the upside where to well if
136. 5:31you go to the left in the chart the next
137. 5:33Zone in principle
138. 5:34would be this resistance over here
139. 5:38dies where price went last time before
140. 5:41there was a sell-off okay you can say
141. 5:44that Consolidated and then it is you
142. 5:46know there was another set of and price
143. 5:47went lower so that would be the next one
144. 5:49the next area of interest for selling so
145. 5:53it's whatever we tell you guys you know
146. 5:55it's not worth it to to have bias if you
147. 5:58are a Trader if you are an investor of
148. 6:00course yes you know you have to you have
149. 6:02to think that something bullish to put
150. 6:04your money on it and just hold that and
151. 6:06just hold the position
152. 6:08but if you're a Trader what would you be
153. 6:10a bull or a bird it doesn't make any
154. 6:12sense you should be able to flip your
155. 6:14bias at any second a good Trader knows
156. 6:17the invalidation of the trade
157. 6:19and you know crosses the trade at a loss
158. 6:23but a great Trader changes the trade
159. 6:26okay so if you are going short
160. 6:29and then you're short
161. 6:31gets invalidated
162. 6:34you know a great trade I would open a
163. 6:36lock
164. 6:37keep that in mind you know it's
165. 6:39basically like a quick
166. 6:41speech to say that it doesn't make any
167. 6:43sense to
168. 6:44to have any bias if you're a Trader you
169. 6:47know the only thing you're interested is
170. 6:49in volatility
171. 6:50and opportunities to make money
172. 6:53a Trader can make money if price goes up
173. 6:56or if price goes down an investor can't
174. 6:59really okay an investor if you are
175. 7:01holding a position
176. 7:02then you need price to go up then yes
177. 7:04you can have a bullish bias
178. 7:06or a better spot if you want price to go
179. 7:08down to buy cheaper
180. 7:10but Trader why well you know we're
181. 7:12Traders we are not who are no investors
182. 7:15let's check the SMP because yesterday
183. 7:17did a very interesting move okay
184. 7:21look at this
185. 7:23where in this song
186. 7:27I want to be in the four hours time
187. 7:30frame
188. 7:30look at what happened yesterday
189. 7:32look at this Bounce from here okay we're
190. 7:36talking about uh
191. 7:40two and a half percent move for the SMP
192. 7:43that's huge okay
193. 7:46um
194. 7:47I would say that's probably because they
195. 7:49are in reports they've all been better
196. 7:51than expected
197. 7:53you know alphabet Microsoft meta Amazon
198. 7:57they will be better than expected
199. 8:00and if you notice those companies that I
200. 8:02just mentioned they have a huge market
201. 8:05cap in their stocks so they are a big
202. 8:07part of the SMP price okay so that's my
203. 8:10logic that's why I think price has bound
204. 8:12so hard but now anyway I think I would
205. 8:15let me remove this and also the 50ma I
206. 8:18would say that we are still in this
207. 8:21sideways move okay so you know you can
208. 8:25trade a range because this is at the end
209. 8:26of the base range look let me check this
210. 8:28for you if I mark this Zone I will say
211. 8:31that this is my high
212. 8:32and
213. 8:34I would say that this is my low okay
214. 8:37this one over here so you can see the
215. 8:39price what basically did was
216. 8:43here it was playing between the high and
217. 8:47the low of the range you can see
218. 8:50then goes to the middle of range
219. 8:52deviation goes to the opposite side
220. 8:55deviation
221. 8:57and now is breaking out again okay so
222. 9:00let's see what happens
223. 9:02because it's not looking but the SMP at
224. 9:05the moment
225. 9:06obviously we have the fomc meeting in
226. 9:09five days
227. 9:10which is gonna bring a lot of volatility
228. 9:12and then the SMP is gonna have to decide
229. 9:16what direction to take from here if it's
230. 9:18gonna break to the upside or to the
231. 9:19downside to the 4000 Zone okay
232. 9:22so
233. 9:23I would say that these next five days
234. 9:26well comes in the weekend for for
235. 9:29Bitcoin okay so it's five days with a
236. 9:30week and four Bitcoin
237. 9:32be very careful with your trading let's
238. 9:35go back to bitcoin a second
239. 9:37what is bitcoin
240. 9:39Bitcoin
241. 9:41this one
242. 9:43it's gonna be a very difficult time to
243. 9:45trade Bitcoin until we have the fomc
244. 9:47meeting because I think that the most
245. 9:50likely thing is that price starts to
246. 9:51consolidate in this Zone okay
247. 9:53go to the one hour time frame
248. 9:56sorry let me remove all of this so you
249. 9:58can see more clearly
250. 10:00the most normal thing is that Bitcoin
251. 10:02starts to develop the weekend range soon
252. 10:04okay
253. 10:05and you could start seeing something
254. 10:07like this okay over the weekend
255. 10:09this kind of price action you want to
256. 10:11avoid through the weekend
257. 10:12because here when we are about you know
258. 10:15five days from the fomc's when you start
259. 10:17to see price being quite choppy a lot of
260. 10:21traps due to the stop losses get
261. 10:23triggered it's not nice soon to trade to
262. 10:26be honest so you know we've done the
263. 10:28homework for the week it's been a good
264. 10:30week of it all you know we've taken I
265. 10:32would say two three very good trades
266. 10:35so what's the point in risking or
267. 10:37capital in a zone that is not going to
268. 10:39give us high probability trades so what
269. 10:41I'm gonna do is I'm gonna pay attention
270. 10:43to the 150ma and you can already see
271. 10:45that it might have been interrupt that
272. 10:48week sorry this Candlestick and if this
273. 10:52our candle closes above the 1 hour 50ma
274. 10:55I'm gonna cut my short position okay
275. 10:57remember that I took myself position
276. 10:59around here and yes close it almost
277. 11:02break even it's a very small profit okay
278. 11:05Bitcoin hasn't really moved much so
279. 11:08that's kind of how I'm gonna apply it
280. 11:10maybe I get surprised and I start to see
281. 11:12this safely in a big move
282. 11:14or over the weekend but I'm not
283. 11:16expecting so so that's why I have this
284. 11:19very I would say cosus and conservative
285. 11:23plan
286. 11:25okay I never want to raise much of my
287. 11:27money in the next days I want to see how
288. 11:30the fomc plays out that day and see the
289. 11:34imbalances that they might create and
290. 11:35then yes I will trade imbalances the
291. 11:37same as we traded this liquidity pool
292. 11:40so that's my idea
293. 11:42every single trade should have a plan
294. 11:45and an execution
295. 11:47because this video Don't execute your
296. 11:49trades tell me why you are making
297. 11:51analysis of it it doesn't make any sense
298. 11:52so you have to train both fix the
299. 11:55analysis to see that you understand
300. 11:56price action and also the execution
301. 11:59by anyway guys
302. 12:01I don't want to bore you much more this
303. 12:04weekend it is gonna be quite different
304. 12:06videos unless if we start to see some
305. 12:09interesting Bitcoins
306. 12:12because I'm probably not gonna trade
307. 12:14Bitcoin over the weekend okay
308. 12:16so expect some kind of different videos
309. 12:19maybe an altcoin analysis
310. 12:22maybe chain link
311. 12:24where it could be a good Zone to buy if
312. 12:27we get opportunity you know
313. 12:29something different so stay tuned guys
314. 12:31thank you so much for watching and I'll
315. 12:33see you soon