WEBVTT 00:00:01.000 --> 00:00:05.000 Action opportunity. Actually, four of them are short. 00:00:05.000 --> 00:00:09.000 That's the state of this market. Oh, no, wait. Five of them are short. One of them is long. 00:00:09.000 --> 00:00:14.000 So that's kind of that kind of gives the state of the market right now. 00:00:14.000 --> 00:00:19.000 Well, let's jump in. Oh, other housekeeping. I mean, really important here. 00:00:19.000 --> 00:00:25.000 The you know what I'm doing here is giving analysis to the market. Certainly. I mentioned trades that I'm taking. 00:00:26.000 --> 00:00:35.000 None of this is supposed to be advice, even though when I say here's this chart that I consider short doesn't mean you should short, you know, or long. 00:00:35.000 --> 00:00:42.000 Depending on what I'm saying, this is not advice. Also, housekeeping on top of it. 00:00:42.000 --> 00:00:48.000 This is more subscribers. Yeah, guys, I put out a request thread, not thinking this is a public webinar. 00:00:48.000 --> 00:00:58.000 So all of your requests, I will cover sometime today. Some of them I picked out to go into it, to go into the charts and reviewing today. 00:00:58.000 --> 00:01:07.000 So I won't cover those. But any requests that you put in that again, I put a thread out and apologize there, Eddie, but reminding you that I will post those today. 00:01:07.000 --> 00:01:11.000 However, I'm leaving the house at one o'clock Eastern time, roughly. 00:01:11.000 --> 00:01:20.000 So the video may barely be up and charts probably won't. So I'll be back later today and I'll knock out those requests. 00:01:20.000 --> 00:01:29.000 So be patient with that. Yeah. So I'm trying to make this a little bit snappier, given that this is our public webinar. 00:01:29.000 --> 00:01:35.000 I know some of you guys are probably throwing questions in. I see I already see a bunch of questions. 00:01:35.000 --> 00:01:39.000 Hold off, hold off and maybe I'll answer your questions as we go through it. 00:01:39.000 --> 00:01:44.000 You guys are just simply crowding the question box, making it hard for me to flow through. 00:01:44.000 --> 00:01:47.000 All right. So let's go to the stock Bitcoin real quick. You know, real quick. 00:01:47.000 --> 00:01:54.000 You know, again, if you have been in these in these for a while, you know, I was looking for a long term top around one twenty five K. 00:01:54.000 --> 00:02:07.000 We certainly have at least right now. The question is whether it is the top or it is or we're going to take another go for higher into this yellow target box. 00:02:07.000 --> 00:02:16.000 That is a question that really, to me, is in the air. We'll see. 00:02:16.000 --> 00:02:23.000 Let's see. So, you know, diving in, you know, we've had a liquidation events happen in Bitcoin. 00:02:23.000 --> 00:02:29.000 A lot of people said, hey, you know, liquidations in, you know, get repaired, you know, quite frequently right now. 00:02:29.000 --> 00:02:33.000 That has not been the case. We have a new lower low after post liquidation. 00:02:33.000 --> 00:02:39.000 A lot of damage is done to the market in that situation. You know, in bull markets, liquidations get bought up in bear markets. 00:02:39.000 --> 00:02:42.000 They're just a step in the process of a downtrend right now. 00:02:42.000 --> 00:02:49.000 It looks on the ladder, but we haven't broken any key support to say that we are in a bear market. 00:02:49.000 --> 00:03:00.000 I had I'm trying to think back to the previous public webinar and I'm trying to update those that are have come in, you know, come in once a month for this this free event. 00:03:00.000 --> 00:03:08.000 And what has has changed drastically is that we have a large B wave rally. 00:03:08.000 --> 00:03:19.000 And that that's high and the indication of the wave gives pretty good probability that we get another go into 140 K. 00:03:19.000 --> 00:03:26.000 However, for me to believe that we've got to hold ninety eight, nine hundred again, as usual, get a little breach. 00:03:26.000 --> 00:03:31.000 Fine. Come back. Fine. But we get a sustained breach under ninety eight, nine hundred. 00:03:31.000 --> 00:03:40.000 Then I will no longer expect another high. That said, I pulled out seventy five, five hundred for many, many months. 00:03:40.000 --> 00:03:43.000 And that still really is confirmation that a bear market started. 00:03:43.000 --> 00:03:50.000 The problem is that that's way the heck down there. Right. 00:03:51.000 --> 00:04:02.000 And it's to me is untenable to hold a position. Waiting for the bull market to confirm or are or unravel for that level. 00:04:02.000 --> 00:04:08.000 So I have been flat for a while. Largely, that was a good move so far. 00:04:08.000 --> 00:04:13.000 I'm a little bit lower than my place, the region where I got flat as of today. 00:04:13.000 --> 00:04:21.000 And I definitely will spend a lot more time shorting into this drop over the last couple last week or so. 00:04:21.000 --> 00:04:31.000 It's been a good week for me in my my main swing trading account is got like, I think, 50 bucks of an almost dead meme coin. 00:04:31.000 --> 00:04:35.000 And the rest is cash. There's a tad bit of Bitcoin in there. 00:04:35.000 --> 00:04:47.000 That's where I'm at. I still own Bitcoin in a cold wallet, multi sig, all that good stuff, which, again, I intend never to sell, never to send unless I'm in financial duress. 00:04:47.000 --> 00:04:51.000 Hopefully just give it to my kids. So I am flat largely. 00:04:51.000 --> 00:05:00.000 And that was a good move so far. We'll see. I'm watching now for a long setup to have a reason to get back in with any kind of aggressive trade. 00:05:00.000 --> 00:05:05.000 That is the question. We dive into this move. 00:05:05.000 --> 00:05:15.000 What is interest to me, interesting to me about the last 24 hours is we have potential triangle, which in this context could be a B wave triangle for break up. 00:05:15.000 --> 00:05:22.000 I still need five waves over one twelve or one eleven one twelve to suggest that we're on our way to one forty. 00:05:22.000 --> 00:05:31.000 But it is interesting that we have a potential triangle here, which could pre precur be a precursor to the third wave in a diagonal. 00:05:31.000 --> 00:05:35.000 A diagonal is by no means a very happy type of reversal. 00:05:35.000 --> 00:05:40.000 It is not quality. It is showing damage in the market further. 00:05:40.000 --> 00:05:46.000 The path down does not look complete to me, so I would be surprised by the diagonal. 00:05:46.000 --> 00:05:51.000 But a diagonal will cause me to get long. And I don't mean at one twelve. 00:05:51.000 --> 00:05:55.000 I mean, the pullback that happens after the diagonal completes. So that's something I'm watching for. 00:05:55.000 --> 00:06:06.000 At the same time, I have standing orders and I'll show you this on standing orders on short as a stop by like a sell stop. 00:06:07.000 --> 00:06:14.000 And if you put this on two hours, I'm watching this fair value gap, which, you know, it's fair value gaps on the two hour time frame. 00:06:14.000 --> 00:06:19.000 Often are good entries, whatever the trend is, long or short. And right now we're sitting in the fair gap gap. 00:06:19.000 --> 00:06:29.000 So I have a a stop stop sell on the bottom of the fair value gap to get short. 00:06:29.000 --> 00:06:32.000 So that would invalidate the triangle, the bullish perspective I gave you. 00:06:32.000 --> 00:06:36.000 So I'm looking at both. I need to think about the triangle. I want to play it. 00:06:36.000 --> 00:06:43.000 I, I like trading triangles most of the time. Generally, it's a little bit better on a breakout. 00:06:43.000 --> 00:06:49.000 I'm not really breakout trading, so maybe force it. I'm also trading the breakout here on the long side. 00:06:49.000 --> 00:06:56.000 So it's talking two sides out of my mouth. So I need to decide what I want to do with that information personally, tactically. 00:06:56.000 --> 00:07:04.000 But anyway, until we get over 1.12, this downtrend is not abated. It's still a downtrend. 00:07:04.000 --> 00:07:10.000 And so, you know, is it going to take us all the way down into 98K support or give us an early bottom? 00:07:10.000 --> 00:07:16.000 I don't know yet. And, you know, again, mark my words, if we break under 98K sustained, 00:07:16.000 --> 00:07:25.000 that would be a big, giant warning that this is a serious bear market starting with, again, confirmation at 75, 500, where all bets are off to me. 00:07:25.000 --> 00:07:33.000 I have actually, you know, this is bad on me. I did not prepare my long term chart. 00:07:33.000 --> 00:07:39.000 There was some they they messed, they mucked with the Bravecoin index on TradingView and I haven't been able to redo it. 00:07:39.000 --> 00:07:48.000 I just realized that. But just to to spout off what I believe will occur if 98, 95, sorry, 75, 500 breaks. 00:07:49.000 --> 00:07:56.000 I will be looking for longs in the in the 55K region to 30K region. 00:07:56.000 --> 00:08:02.000 That would be an early I would view that as an early end to a bear market. That would be quite quick. 00:08:02.000 --> 00:08:06.000 But we I also see the potential we drop into the 10K, even to 3K. 00:08:06.000 --> 00:08:12.000 That's a little bit outlandish, but that type of move would probably take a couple of years. 00:08:12.000 --> 00:08:20.000 I also if it ends up being we end up getting below 30K, 100 again, I expect to be a larger degree bear market, 00:08:20.000 --> 00:08:25.000 but it can range between 30K easily and even 200K over the next couple of years. 00:08:25.000 --> 00:08:33.000 So a lot of people who don't think of it from an Elliott wave perspective are going to say, OK, we have a bull market to say 200 in the middle of it. 00:08:33.000 --> 00:08:37.000 That would not be strange to me, but I would still make it. 00:08:37.000 --> 00:08:43.000 I was still considered part of the bear market range that happens over. It could be could be two years, three years, even five years. 00:08:43.000 --> 00:08:49.000 But people look at it very differently from an Elliott wave person. So that's I've talked I've given that chart in the past. 00:08:49.000 --> 00:08:58.000 I'm sorry. You know, I'll do is I'll tweet it out so you guys can take a look at it after and after I've got a chance to set it up. 00:08:58.000 --> 00:09:03.000 It'll take me a bit. It may not even get to it today. So that is where I am at with Bitcoin. 00:09:03.000 --> 00:09:08.000 I mean, I don't know if I need to start off the bottom line. We have a downtrend over two weeks. 00:09:08.000 --> 00:09:12.000 Pretty easily. Shorting has been the game. That's what we've done or I've done. 00:09:12.000 --> 00:09:18.000 And any subscribers that have followed me, it's played out well. I'm not I'm flat right now, both long and short. 00:09:18.000 --> 00:09:22.000 But looking at what to do with this region here, I have a sell stop. It's at the one. 00:09:22.000 --> 00:09:26.000 Oh, I think it's one oh seven, six fifty. Maybe maybe subscriber can correct me. 00:09:26.000 --> 00:09:31.000 But it's at the bottom of the value fair value gap. And it's basically the top of this wick right here, which form the bottom. 00:09:32.000 --> 00:09:37.000 Again, that paragraph is has has stopped stop price so far. 00:09:37.000 --> 00:09:42.000 But fair value gaps also invert. They're just they're just points where the market needs to do business. 00:09:42.000 --> 00:09:46.000 But nothing more than that in trends. Fair value gaps do work as trades. 00:09:46.000 --> 00:09:51.000 But then some point in time, obviously, if it's going to reverse, you got to take out a fair value gap on the other side. 00:09:51.000 --> 00:09:56.000 So I'm trading that. I mix that style with Elliott Wave to a degree. 00:09:56.000 --> 00:09:59.000 I try not to muddy the waters by thinking about both. 00:10:00.000 --> 00:10:03.000 But this diagonal, if we get it to 112, 00:10:03.000 --> 00:10:06.000 will have me favor another long 00:10:06.000 --> 00:10:10.000 and I would undo that cash setting, 00:10:10.000 --> 00:10:13.000 cash accumulated in my swing 00:10:13.000 --> 00:10:16.000 with a nice Bitcoin trade in that region. 00:10:16.000 --> 00:10:19.000 By the way, I'm not gonna do a lot of altcoin reviews 00:10:19.000 --> 00:10:21.000 except for the ones that I am short 00:10:21.000 --> 00:10:24.000 and looking at getting more short. 00:10:24.000 --> 00:10:26.000 But I'm also largely flat in altcoins 00:10:26.000 --> 00:10:27.000 except for some of the stuff in my DeFi wallet 00:10:27.000 --> 00:10:29.000 I've gotta call out. 00:10:29.000 --> 00:10:30.000 I've gotta go through those DeFi wallets 00:10:30.000 --> 00:10:31.000 and get some crap out. 00:10:31.000 --> 00:10:33.000 I'm gonna keep some Solana. 00:10:33.000 --> 00:10:35.000 I am gonna keep that tad bit of Ether 00:10:35.000 --> 00:10:36.000 that I've got in my Ether wallet. 00:10:36.000 --> 00:10:38.000 It's really not much at this stage. 00:10:38.000 --> 00:10:41.000 I've got some BNB, I think, in my BNB wallet. 00:10:41.000 --> 00:10:42.000 So I'm starting that process 00:10:42.000 --> 00:10:46.000 of just going through the DeFi wallets 00:10:46.000 --> 00:10:49.000 and deciding what I wanna do. 00:10:49.000 --> 00:10:49.000 But in the bear market, 00:10:49.000 --> 00:10:51.000 I must do a lot of liquidity pull stuff 00:10:51.000 --> 00:10:53.000 to accumulate and all that. 00:10:53.000 --> 00:10:56.000 So some of that stuff won't go away. 00:10:56.000 --> 00:10:59.000 Just all the meme coin crap that is starting to die. 00:10:59.000 --> 00:11:00.000 Stuff like that. 00:11:00.000 --> 00:11:02.000 The stuff I'm more anxious about, 00:11:02.000 --> 00:11:03.000 not anxious, quote, unquote, about. 00:11:03.000 --> 00:11:05.000 But none of that's big position. 00:11:05.000 --> 00:11:07.000 So largely flat. 00:11:07.000 --> 00:11:09.000 A few adjustments to be made. 00:11:11.000 --> 00:11:13.000 And cash is a position at times, right? 00:11:13.000 --> 00:11:14.000 Strategic position at times. 00:11:14.000 --> 00:11:18.000 It burns a hole in your purchase power over time, 00:11:18.000 --> 00:11:20.000 but at times you've gotta go to cash 00:11:20.000 --> 00:11:23.000 when the market is in inflection point. 00:11:23.000 --> 00:11:24.000 And that's where we're at. 00:11:25.000 --> 00:11:26.000 Let's see. 00:11:26.000 --> 00:11:27.000 So let's go over Ether, 00:11:27.000 --> 00:11:28.000 and then I'll look at questions, 00:11:28.000 --> 00:11:29.000 and then we can move on. 00:11:29.000 --> 00:11:34.000 Ether, I've looked for 6,000 over the last many months. 00:11:35.000 --> 00:11:37.000 And this is the decision point right here. 00:11:37.000 --> 00:11:39.000 We have a potential way for bottom, 00:11:39.000 --> 00:11:41.000 but it's not a reliable bottom. 00:11:41.000 --> 00:11:43.000 We have three waves off the low, 00:11:43.000 --> 00:11:45.000 which I'm marking as beginning of a diagonal, 00:11:45.000 --> 00:11:48.000 which is viable for a C25, 00:11:48.000 --> 00:11:49.000 but it's not quality, 00:11:49.000 --> 00:11:50.000 and it's not reliable. 00:11:50.000 --> 00:11:52.000 And the good sign is, so far, 00:11:52.000 --> 00:11:54.000 is we've held the line here, 00:11:54.000 --> 00:11:56.000 which is 36.95, 00:11:56.000 --> 00:12:00.000 or 36.90, depending on the data you have. 00:12:00.000 --> 00:12:01.000 But this move off of it is not impulsive. 00:12:01.000 --> 00:12:05.000 So it really is not quality action we have here in Ether. 00:12:05.000 --> 00:12:06.000 Let's see if we can get it. 00:12:06.000 --> 00:12:09.000 If I get a good diagonal out of this bottom, 00:12:09.000 --> 00:12:12.000 I may trade this one to 6K. 00:12:12.000 --> 00:12:14.000 But right now I'm just watching and observing. 00:12:14.000 --> 00:12:16.000 Certain people that are more bullish than I am, 00:12:16.000 --> 00:12:18.000 they wanna pick off the low 00:12:18.000 --> 00:12:20.000 because it's certainly a cheap price here. 00:12:20.000 --> 00:12:22.000 I have made good money in this bull market, 00:12:22.000 --> 00:12:24.000 and I'm happy being flat. 00:12:24.000 --> 00:12:26.000 And yeah, sure, I'm missing trades. 00:12:26.000 --> 00:12:28.000 33.70 is my pivot, 00:12:28.000 --> 00:12:31.000 and actually, and this one is a very interesting chart 00:12:31.000 --> 00:12:33.000 because it's such a range-bound chart. 00:12:33.000 --> 00:12:35.000 The very least breaking 33.70 00:12:35.000 --> 00:12:38.000 should send it back down to the bottom 00:12:38.000 --> 00:12:39.000 of its two-year range, 00:12:39.000 --> 00:12:41.000 which is as low as what? 00:12:41.000 --> 00:12:42.000 I don't remember. 00:12:43.000 --> 00:12:44.000 Let's see. 00:12:45.000 --> 00:12:47.000 That way back here. 00:12:47.000 --> 00:12:48.000 Let me zoom out. 00:12:49.000 --> 00:12:50.000 Let's get a price on it. 00:12:50.000 --> 00:12:52.000 Yeah, so right here. 00:12:52.000 --> 00:12:54.000 So that would be 1300 and change. 00:12:54.000 --> 00:12:56.000 So breaking 33.70 should send it 00:12:56.000 --> 00:12:57.000 to the bottom of that range at least, 00:12:57.000 --> 00:13:00.000 but it may be more substantial bear market. 00:13:00.000 --> 00:13:02.000 There is a minor support level, 00:13:02.000 --> 00:13:03.000 which I have a hard time supporting, 00:13:03.000 --> 00:13:06.000 but I'll watch it anyway, 1860, or 1880. 00:13:06.000 --> 00:13:09.000 I don't consider it reliable, but I'll watch it anyway. 00:13:09.000 --> 00:13:10.000 Yeah, so this is not a key point. 00:13:10.000 --> 00:13:13.000 Bitcoin is coming into a key point, 00:13:13.000 --> 00:13:15.000 a higher level support level. 00:13:15.000 --> 00:13:17.000 It definitely has more support level down below, 00:13:17.000 --> 00:13:18.000 again, 75, 500, 00:13:18.000 --> 00:13:22.000 but this one is really on the first edge right now. 00:13:22.000 --> 00:13:24.000 And you can look at it two sides. 00:13:24.000 --> 00:13:26.000 You can say, okay, this area, 00:13:26.000 --> 00:13:28.000 it's about to break because it's pressing support, 00:13:28.000 --> 00:13:30.000 but this is also a cheap long here. 00:13:30.000 --> 00:13:31.000 I'm not suggesting taking a long. 00:13:31.000 --> 00:13:33.000 Like I said, I am not, 00:13:33.000 --> 00:13:36.000 but it's a cheap long and the risk is really low here 00:13:36.000 --> 00:13:38.000 at 33.70. 00:13:38.000 --> 00:13:39.000 You may want to give a little bit more room than that 00:13:39.000 --> 00:13:43.000 on your stop if you take it, but it's cheap risk. 00:13:43.000 --> 00:13:45.000 Again, I'm not joining you in that trade, 00:13:45.000 --> 00:13:47.000 but you might consider it 00:13:47.000 --> 00:13:49.000 if you're really looking for longs right now. 00:13:50.000 --> 00:13:51.000 And you're more bullish than I am, 00:13:51.000 --> 00:13:53.000 and I won't fault you for that. 00:13:53.000 --> 00:13:55.000 So that's where we're at. 00:13:55.000 --> 00:14:00.000 It's pretty interesting key point in the crypto market. 00:14:00.000 --> 00:14:03.000 I should also add that I have seen major decay 00:14:03.000 --> 00:14:06.000 in the quality of altcoin charts across the board, 00:14:06.000 --> 00:14:08.000 enough to flatten most of my positions. 00:14:08.000 --> 00:14:10.000 Again, I need to call out, 00:14:10.000 --> 00:14:12.000 I need to go through all my details, 00:14:12.000 --> 00:14:14.000 all those sort of stragglers I have in wallets 00:14:14.000 --> 00:14:16.000 and stuff like that and see if there's anything 00:14:16.000 --> 00:14:19.000 I also want to sell, but I just don't see a lot of quality. 00:14:19.000 --> 00:14:21.000 Could all season happen in this late stage? 00:14:21.000 --> 00:14:21.000 Oh, for sure. 00:14:21.000 --> 00:14:24.000 But I don't see the setups for it right now. 00:14:24.000 --> 00:14:24.000 It doesn't look good. 00:14:24.000 --> 00:14:26.000 Solana is even struggling too, 00:14:26.000 --> 00:14:27.000 it's one of the ones I'm most bullish, 00:14:27.000 --> 00:14:31.000 and I think that one may miss my $400 target 00:14:31.000 --> 00:14:33.000 that I had on it, but let's see. 00:14:34.000 --> 00:14:38.000 Yeah, so this is a very key point all around 00:14:38.000 --> 00:14:40.000 in this market right now. 00:14:40.000 --> 00:14:43.000 Let's see what, I'm gonna go through questions. 00:14:43.000 --> 00:14:45.000 All you guys jumped in there to say, let's see. 00:14:46.000 --> 00:14:47.000 I sold all my IBIT. 00:14:47.000 --> 00:14:48.000 I remember we were talking about that. 00:14:48.000 --> 00:14:50.000 I sold all my IBIT, the bulk, 00:14:50.000 --> 00:14:51.000 on Wednesday, the rest of Thursday. 00:14:51.000 --> 00:14:53.000 Well, you missed a pretty good liquidation then. 00:14:53.000 --> 00:14:56.000 Good job missing the liquidation. 00:14:56.000 --> 00:14:57.000 Yeah, crazy. 00:14:57.000 --> 00:14:59.000 Yeah, I think you were talking about this last time, right? 00:14:59.000 --> 00:15:01.000 IBIT, I think I recall. 00:15:02.000 --> 00:15:03.000 So, cool. 00:15:05.000 --> 00:15:05.000 I'm a member, by the way. 00:15:05.000 --> 00:15:06.000 Okay, cool. 00:15:06.000 --> 00:15:10.000 So, yeah, you saw my warnings, 00:15:10.000 --> 00:15:12.000 and we had a support where the liquidation happened. 00:15:12.000 --> 00:15:14.000 This is an interesting point I want to make 00:15:14.000 --> 00:15:16.000 about the liquidation point. 00:15:16.000 --> 00:15:19.000 Yes, liquidation is a structural factor 00:15:19.000 --> 00:15:20.000 of the crypto market. 00:15:20.000 --> 00:15:22.000 Structural factor of all markets, 00:15:22.000 --> 00:15:26.000 but you get a 24-hour, seven-market that can run thin, 00:15:26.000 --> 00:15:28.000 and you get people leveraged up and along. 00:15:28.000 --> 00:15:29.000 It's been brought up like, 00:15:29.000 --> 00:15:32.000 okay, this is a mechanical failure of the market. 00:15:32.000 --> 00:15:33.000 It's not a failure of the bear market. 00:15:33.000 --> 00:15:38.000 The problem is, is this is exactly what happens at tops, 00:15:38.000 --> 00:15:39.000 is people don't, you know, 00:15:39.000 --> 00:15:43.000 Elliott Wave is all about indicating sentiments, 00:15:43.000 --> 00:15:45.000 and people don't get levered up 00:15:45.000 --> 00:15:47.000 when sentiment's not over-bullied bullish, right? 00:15:47.000 --> 00:15:48.000 This is how markets stop, 00:15:48.000 --> 00:15:50.000 in that people are all getting in, 00:15:50.000 --> 00:15:52.000 and when they don't have enough cash, 00:15:52.000 --> 00:15:54.000 then they put on the leverage so they can get more long, 00:15:54.000 --> 00:15:57.000 and then they get blown out and they get decapitated, 00:15:57.000 --> 00:15:58.000 like basically financially. 00:15:58.000 --> 00:16:00.000 A lot of people have been decapitated, 00:16:00.000 --> 00:16:02.000 so they can't even operate in the market. 00:16:02.000 --> 00:16:04.000 A bunch of money that would be operating 00:16:04.000 --> 00:16:09.000 in the crypto market now is blown up, right? 00:16:09.000 --> 00:16:12.000 So, this is, I'm not saying the bear market, 00:16:12.000 --> 00:16:14.000 the bull market is over, but this is the process. 00:16:14.000 --> 00:16:15.000 This is, we are in a transition zone. 00:16:15.000 --> 00:16:18.000 I've called that out over the last couple months. 00:16:18.000 --> 00:16:20.000 We're in a transition zone right now. 00:16:20.000 --> 00:16:22.000 I don't know when we finally, 00:16:22.000 --> 00:16:24.000 we can call it what date or whatever, 00:16:24.000 --> 00:16:25.000 but we're in that transition zone. 00:16:29.000 --> 00:16:31.000 So, just be careful out there, right? 00:16:31.000 --> 00:16:35.000 Don't leverage up, don't be these DGENs. 00:16:35.000 --> 00:16:36.000 The other thing that happened too, 00:16:36.000 --> 00:16:40.000 it's important, is I was calling out a support level 00:16:40.000 --> 00:16:44.000 with subscribers over the last couple of weeks, 00:16:44.000 --> 00:16:47.000 and that point was 116,400. 00:16:47.000 --> 00:16:48.000 Anyone want to correct me, go ahead, 00:16:48.000 --> 00:16:49.000 that's what I remember. 00:16:49.000 --> 00:16:51.000 And that is, right, look on the chart. 00:16:51.000 --> 00:16:52.000 That's where the liquidation began. 00:16:52.000 --> 00:16:54.000 So, it's very interesting that that support level 00:16:54.000 --> 00:16:58.000 was so key, and I've seen that 90, 95% of the time 00:16:58.000 --> 00:17:00.000 when we had a liquidation, it happened around 00:17:00.000 --> 00:17:04.000 some near key Elliott Wave support. 00:17:04.000 --> 00:17:07.000 It's so eerie that it happens that way. 00:17:07.000 --> 00:17:09.000 The other big one I remember was COVID-19. 00:17:09.000 --> 00:17:11.000 We were watching the support level. 00:17:11.000 --> 00:17:13.000 I know some of you guys that are on there remember, 00:17:13.000 --> 00:17:18.000 and after it popped, it was a big slide, right? 00:17:18.000 --> 00:17:19.000 And I hate, you know, what's scary for me 00:17:19.000 --> 00:17:21.000 is because I, knowing that fact, 00:17:21.000 --> 00:17:24.000 I still don't like having my stops sit on exchange 00:17:24.000 --> 00:17:26.000 unless I'm in futures. 00:17:26.000 --> 00:17:28.000 So, I remember that COVID crash, 00:17:28.000 --> 00:17:30.000 I had to operate quickly getting my orders in 00:17:30.000 --> 00:17:33.000 because I don't hold them on exchange. 00:17:33.000 --> 00:17:34.000 Not that I don't trust my levels, 00:17:34.000 --> 00:17:36.000 I just don't trust exchanges and all the slippage we see. 00:17:36.000 --> 00:17:38.000 It's gotten better, but it's still pretty bad. 00:17:38.000 --> 00:17:40.000 Now, when I'm in futures, it's a different matter. 00:17:40.000 --> 00:17:42.000 I always put the stop on exchange. 00:17:42.000 --> 00:17:46.000 So, you know, Elliott Wave actually showed us 00:17:46.000 --> 00:17:47.000 where it was going to occur. 00:17:47.000 --> 00:17:49.000 I didn't know it was gonna be liquidation. 00:17:49.000 --> 00:17:51.000 I knew it was gonna be bad if it broke, 00:17:51.000 --> 00:17:52.000 but I didn't know it was gonna be liquidation, 00:17:52.000 --> 00:17:54.000 but it turned out to be the case. 00:17:54.000 --> 00:17:55.000 You guys can check it out. 00:17:55.000 --> 00:17:56.000 I mean, look at the chart. 00:17:56.000 --> 00:17:57.000 That's where the volume started, 00:17:57.000 --> 00:17:59.000 or just a little bit below that. 00:17:59.000 --> 00:18:01.000 So, that's very interesting. 00:18:01.000 --> 00:18:03.000 It's almost eerie to me. 00:18:03.000 --> 00:18:05.000 Self-stopping Coinbase, perps 105, 740. 00:18:05.000 --> 00:18:07.000 Thank you, thank you, thank you. 00:18:07.000 --> 00:18:09.000 Yes, I have a, it's still there. 00:18:09.000 --> 00:18:14.000 I still have a self-stop at Coinbase perps 105, 740, 00:18:14.000 --> 00:18:14.000 and I have a stop. 00:18:14.000 --> 00:18:17.000 The stop is roughly around the weekend high, 00:18:18.000 --> 00:18:19.000 or a little bit higher. 00:18:19.000 --> 00:18:24.000 I have to double check, because every trade has a stop. 00:18:24.000 --> 00:18:28.000 I always reserve it right to change my mind, 00:18:28.000 --> 00:18:30.000 and I lose a good deal of trades, 00:18:30.000 --> 00:18:32.000 but this has been a great trading week. 00:18:32.000 --> 00:18:34.000 Let's see, what's your definition 00:18:34.000 --> 00:18:37.000 of sustaining below 98K, two daily closes? 00:18:38.000 --> 00:18:40.000 I operate different ways on this. 00:18:40.000 --> 00:18:42.000 I'm looking at reading action. 00:18:42.000 --> 00:18:44.000 Like, in the stock market, it's really easy. 00:18:44.000 --> 00:18:46.000 We have a defined time of close, right? 00:18:46.000 --> 00:18:51.000 So, it's like, in the, 00:18:51.000 --> 00:18:53.000 there's a difference between crypto close. 00:18:53.000 --> 00:18:56.000 We have this arbitrary UTC zero close, right? 00:18:56.000 --> 00:18:58.000 Well, why does that matter, right? 00:18:58.000 --> 00:19:00.000 It's just a rotational clock, 00:19:00.000 --> 00:19:02.000 but when you have a stock market, 00:19:02.000 --> 00:19:05.000 you have a hour of close, and the big money goes home, right? 00:19:05.000 --> 00:19:07.000 So, that is key point of business. 00:19:07.000 --> 00:19:12.000 The big money people, they have two main hours they trade, 00:19:12.000 --> 00:19:14.000 the first hour and the last hour, 00:19:14.000 --> 00:19:17.000 and they close the business, they get their orders in, 00:19:17.000 --> 00:19:20.000 they do a little auction at the end, done, right? 00:19:20.000 --> 00:19:22.000 So, when I'm talking stock market staying below, 00:19:22.000 --> 00:19:24.000 I don't like a daily close below. 00:19:24.000 --> 00:19:25.000 It matters. 00:19:25.000 --> 00:19:26.000 When you have crypto, it's not so easy, 00:19:26.000 --> 00:19:28.000 and so what I tend to judge is that 00:19:28.000 --> 00:19:30.000 I see bearish consolidation underneath the support level, 00:19:30.000 --> 00:19:33.000 or if I'm short, bullish consolidation above it, 00:19:33.000 --> 00:19:34.000 and I'm just saying sideways movement 00:19:34.000 --> 00:19:37.000 that stays constrained by that level. 00:19:37.000 --> 00:19:40.000 Every once in a while that happens and I'm wrong, 00:19:40.000 --> 00:19:41.000 most of the time it's not. 00:19:41.000 --> 00:19:44.000 So, again, there's no perfect strategy 00:19:44.000 --> 00:19:46.000 that works all the time, right? 00:19:46.000 --> 00:19:48.000 You guys should know this by now, 00:19:48.000 --> 00:19:52.000 but most of my trade plan, most of my process 00:19:52.000 --> 00:19:54.000 and all of this is over time, 00:19:54.000 --> 00:19:57.000 I have a positive expectancy, right? 00:19:57.000 --> 00:20:00.000 It works, most of the time. 00:20:00.000 --> 00:20:03.000 And that's how I use it in crypto. 00:20:03.000 --> 00:20:05.000 So I look at bearish action. 00:20:05.000 --> 00:20:07.000 But there's also, I mean, there's sometimes you just tell 00:20:07.000 --> 00:20:10.000 like the asylum is running, 00:20:10.000 --> 00:20:13.000 the insane asylum is running from the market, 00:20:13.000 --> 00:20:15.000 barreling out, pressing the orders, 00:20:15.000 --> 00:20:18.000 taking the ask, sorry, taking the bid, 00:20:18.000 --> 00:20:19.000 they're selling, you know, 00:20:19.000 --> 00:20:21.000 and it's like, okay, you just gotta get out. 00:20:21.000 --> 00:20:25.000 So there's sometimes where the volume is too aggressive. 00:20:25.000 --> 00:20:27.000 So it's, yeah, it's, the whole thing is murky. 00:20:27.000 --> 00:20:32.000 The problem is, you know, supports never hold on a dime. 00:20:34.000 --> 00:20:35.000 Like they did, they, I shouldn't say never, 00:20:35.000 --> 00:20:37.000 I've seen it plenty of times, 00:20:37.000 --> 00:20:39.000 but it's just, there are more regions 00:20:39.000 --> 00:20:41.000 and they are hard levels. 00:20:41.000 --> 00:20:43.000 But, you know, once you stay below level, 00:20:43.000 --> 00:20:45.000 you know, without, you know, 95% of the time 00:20:45.000 --> 00:20:48.000 doesn't come back the levels that I use. 00:20:48.000 --> 00:20:50.000 Let's see, from my point of view, 00:20:50.000 --> 00:20:52.000 which is not technical, but I feel is important. 00:20:52.000 --> 00:20:53.000 I think the narrative has changed. 00:20:53.000 --> 00:20:56.000 What started off as a currency, 00:20:56.000 --> 00:20:59.000 then a store of value, digital gold, et cetera. 00:20:59.000 --> 00:21:02.000 Bitcoin clearly isn't a fight to, 00:21:02.000 --> 00:21:04.000 isn't a flight to safety the way gold is. 00:21:04.000 --> 00:21:07.000 And Bitcoin is trading just like a tech AI stock. 00:21:07.000 --> 00:21:09.000 Maybe it's because increasingly Bitcoin is, 00:21:09.000 --> 00:21:10.000 oh, there's a lot of stuff here. 00:21:10.000 --> 00:21:12.000 Bitcoin in a string, strong institutional hands, 00:21:12.000 --> 00:21:14.000 giving rise to manipulation, bottom line. 00:21:14.000 --> 00:21:18.000 Yeah, yeah, it's hard for me to comment on all of that. 00:21:19.000 --> 00:21:21.000 Like, I don't, like, you know me, 00:21:21.000 --> 00:21:22.000 I don't care about the narrative. 00:21:22.000 --> 00:21:24.000 Like, I'm only, I'm more interested 00:21:24.000 --> 00:21:26.000 in what people are believing. 00:21:26.000 --> 00:21:29.000 Like, what I care about is the sort of temperature 00:21:29.000 --> 00:21:30.000 of the narrative. 00:21:30.000 --> 00:21:31.000 I don't care what the narrative is, 00:21:31.000 --> 00:21:34.000 whether it's like a store of value, 00:21:34.000 --> 00:21:37.000 a treasury company's wet dream. 00:21:37.000 --> 00:21:38.000 Sorry, that's a pretty bad expression, 00:21:38.000 --> 00:21:41.000 but, you know, I don't really care what the narrative is. 00:21:41.000 --> 00:21:43.000 I really only care what people are saying to themselves. 00:21:43.000 --> 00:21:48.000 Like, I need to get in this before it's too late. 00:21:48.000 --> 00:21:51.000 This is the beginning of a bull market, not the end. 00:21:51.000 --> 00:21:52.000 You know, all that stuff. 00:21:52.000 --> 00:21:53.000 You know, when you've been rallying 00:21:53.000 --> 00:21:55.000 for a couple of years in crypto, 00:21:55.000 --> 00:21:57.000 everyone's saying, this is only the beginning. 00:21:57.000 --> 00:21:59.000 It's like, you know, that's getting, 00:21:59.000 --> 00:22:02.000 that's a lot of hopium talking, right? 00:22:02.000 --> 00:22:04.000 I only care about, like, what the temperature is. 00:22:04.000 --> 00:22:07.000 I don't really care about the what of the, you know, 00:22:07.000 --> 00:22:11.000 and I'm listening to podcasts and they're like, you know, 00:22:11.000 --> 00:22:12.000 you know, and generally speaking, I hear people, 00:22:12.000 --> 00:22:14.000 you know, okay, liquidation, liquidations are bullish. 00:22:14.000 --> 00:22:16.000 Yeah, they're bullish in bull markets 00:22:16.000 --> 00:22:17.000 and they're bearish in bear markets. 00:22:17.000 --> 00:22:19.000 Like, you know, it's like, it's context 00:22:19.000 --> 00:22:21.000 and we're in a transition time. 00:22:21.000 --> 00:22:22.000 So I am standing before you. 00:22:22.000 --> 00:22:24.000 I don't know whether this was a liquidation 00:22:24.000 --> 00:22:26.000 in the bull market or a bear market 00:22:26.000 --> 00:22:28.000 because we're really in an inflection. 00:22:28.000 --> 00:22:30.000 I'm happy to not know, right? 00:22:30.000 --> 00:22:33.000 And so anyway, so that's the way I take meritors. 00:22:33.000 --> 00:22:35.000 I mean, I don't need to like pick apart 00:22:35.000 --> 00:22:38.000 the merits of the narrative. 00:22:38.000 --> 00:22:39.000 It doesn't really matter to me. 00:22:39.000 --> 00:22:41.000 It's really like, you know, 00:22:41.000 --> 00:22:42.000 when people start telling themselves 00:22:42.000 --> 00:22:45.000 that this thing will never end is when it ends, right? 00:22:45.000 --> 00:22:46.000 The AI thing is right for it, right? 00:22:46.000 --> 00:22:50.000 Like we've seen some crazy stock market action. 00:22:50.000 --> 00:22:51.000 I looked at the valuation of some of the, 00:22:51.000 --> 00:22:53.000 like OpenAI and Anthropic 00:22:53.000 --> 00:22:56.000 and the two largest valuations in the private market. 00:22:56.000 --> 00:22:59.000 No, sorry, first and third and SpaceX number two 00:22:59.000 --> 00:23:03.000 on the least the stated valuations in the private market. 00:23:03.000 --> 00:23:05.000 Yahoo Finance has a great chart for that. 00:23:05.000 --> 00:23:06.000 You can take a look at it. 00:23:06.000 --> 00:23:10.000 And, oh man, I forget what it's worth is insane, right? 00:23:10.000 --> 00:23:12.000 And it doesn't make money. 00:23:12.000 --> 00:23:13.000 You know, I'm not saying you, 00:23:13.000 --> 00:23:14.000 a company that doesn't make money 00:23:14.000 --> 00:23:16.000 shouldn't have a good valuation. 00:23:16.000 --> 00:23:18.000 It's just, we're reaching insane levels. 00:23:18.000 --> 00:23:19.000 Because, you know, you go, 00:23:19.000 --> 00:23:20.000 Amazon had a ridiculous evaluation 00:23:20.000 --> 00:23:22.000 when it was not making money. 00:23:22.000 --> 00:23:23.000 You know, we know where that went. 00:23:23.000 --> 00:23:25.000 So I'm not trying to poo-poo that, 00:23:25.000 --> 00:23:28.000 but it's getting crazy out there. 00:23:28.000 --> 00:23:29.000 Is it over? 00:23:29.000 --> 00:23:30.000 I can't say that it is. 00:23:30.000 --> 00:23:32.000 I can't say the stock market's top or anything like that. 00:23:32.000 --> 00:23:35.000 It's just, just be careful. 00:23:35.000 --> 00:23:36.000 You know, it's okay to say that like, 00:23:36.000 --> 00:23:38.000 this is a risk area, time to be careful, right? 00:23:38.000 --> 00:23:43.000 Like it's, that's, yeah, no. 00:23:44.000 --> 00:23:46.000 And let's see, still holding Brett. 00:23:46.000 --> 00:23:49.000 Nope, Brett broke my level, I'm out. 00:23:49.000 --> 00:23:50.000 I posted that. 00:23:50.000 --> 00:23:51.000 I assume you're not a member 00:23:51.000 --> 00:23:54.000 because I posted that a couple weeks ago 00:23:54.000 --> 00:23:55.000 in our weekly reports. 00:23:55.000 --> 00:23:56.000 I'm not in it, it broke. 00:23:56.000 --> 00:23:58.000 I mean, I gave my levels, it broke. 00:24:00.000 --> 00:24:01.000 Just not holding up. 00:24:01.000 --> 00:24:03.000 Broke, actually, I don't know if it broke the level, 00:24:03.000 --> 00:24:07.000 but that one kept breaking one, two setups 00:24:07.000 --> 00:24:08.000 that were showing up. 00:24:08.000 --> 00:24:10.000 Looks like a good setup breaks. 00:24:10.000 --> 00:24:11.000 That's enough for me. 00:24:11.000 --> 00:24:16.000 And that's unfortunately what I've seen across, 00:24:16.000 --> 00:24:19.000 I've seen across the altcoin market. 00:24:19.000 --> 00:24:22.000 They're just, good setups break, right? 00:24:22.000 --> 00:24:24.000 You know, again, I call out good setups 00:24:24.000 --> 00:24:26.000 because it's not a guarantee that they work. 00:24:26.000 --> 00:24:29.000 It's just, I know where the risk zone is and it works. 00:24:29.000 --> 00:24:30.000 I know where the reward is. 00:24:30.000 --> 00:24:32.000 That's enough for me to take it. 00:24:32.000 --> 00:24:33.000 But when it keeps breaking, it's like, it's a no-go. 00:24:33.000 --> 00:24:36.000 And that's what we've seen across the altcoin market. 00:24:37.000 --> 00:24:40.000 You made money on, oh, made money on, 00:24:40.000 --> 00:24:42.000 oh, you're just a bit talking, yeah, awesome. 00:24:43.000 --> 00:24:44.000 So your primary account, 00:24:44.000 --> 00:24:46.000 since we go to 140s as long as we hold. 00:24:46.000 --> 00:24:51.000 I don't think holding a primary account right now is smart. 00:24:51.000 --> 00:24:51.000 Right? 00:24:51.000 --> 00:24:54.000 I mean, like again, like everyone wants to know 00:24:54.000 --> 00:24:55.000 what I think, because if I tell you 00:24:55.000 --> 00:24:57.000 that's a primary account, what are you gonna do? 00:24:57.000 --> 00:25:00.000 You're gonna go all in at 98K and we're gonna go to 140, 00:25:00.000 --> 00:25:01.000 but what if we fail, right? 00:25:01.000 --> 00:25:03.000 And that's key right now. 00:25:03.000 --> 00:25:05.000 And in fact, if I look at my chart, 00:25:05.000 --> 00:25:06.000 it projects a little bit below 98. 00:25:06.000 --> 00:25:08.000 Is that gonna be a break? 00:25:08.000 --> 00:25:10.000 Am I gonna see contraction in the way that I'm holding? 00:25:11.000 --> 00:25:13.000 Am I gonna see contraction in the wave pattern 00:25:13.000 --> 00:25:15.000 where it holds support? 00:25:15.000 --> 00:25:16.000 I don't know yet. 00:25:16.000 --> 00:25:19.000 So I'm saying this, so I'm saying, 00:25:19.000 --> 00:25:21.000 let's see what happens at 98. 00:25:21.000 --> 00:25:22.000 That's what I'm saying. 00:25:22.000 --> 00:25:23.000 Let's watch it. 00:25:23.000 --> 00:25:26.000 Like, can you, if I give you a level out there, 00:25:26.000 --> 00:25:29.000 can you guys stop, wait, listen, watch? 00:25:29.000 --> 00:25:31.000 Or do you feel like you have to take action? 00:25:31.000 --> 00:25:34.000 The latter is a really bad idea right now. 00:25:34.000 --> 00:25:35.000 Like, I mean, you can nibble. 00:25:35.000 --> 00:25:37.000 I mean, don't get me wrong, you can nibble. 00:25:37.000 --> 00:25:39.000 You can nibble, but like, 00:25:39.000 --> 00:25:42.000 it's funny to me how rash people are about trading 00:25:42.000 --> 00:25:45.000 because they go, I gotta make money now. 00:25:45.000 --> 00:25:46.000 What about observation? 00:25:46.000 --> 00:25:48.000 What about mindfulness in trading 00:25:48.000 --> 00:25:50.000 like you show in other parts of your life? 00:25:50.000 --> 00:25:51.000 That's what I'm saying. 00:25:51.000 --> 00:25:52.000 Observe the level, watch it. 00:25:52.000 --> 00:25:54.000 Does the market reverse? 00:25:54.000 --> 00:25:56.000 Do you know where to put the stop? 00:25:56.000 --> 00:25:57.000 That's what you need to find out 00:25:57.000 --> 00:26:00.000 before we talk about primary count right now. 00:26:00.000 --> 00:26:02.000 Again, I don't even like the language 00:26:02.000 --> 00:26:03.000 about primary versus all. 00:26:03.000 --> 00:26:05.000 Obby uses it, again, I'm not criticizing. 00:26:05.000 --> 00:26:07.000 I'm just saying I don't like it 00:26:07.000 --> 00:26:10.000 because I've seen subscribers only trade my primary. 00:26:10.000 --> 00:26:13.000 And if you watch me trade, I often trade my alternate. 00:26:13.000 --> 00:26:14.000 Why would I trade my alternate? 00:26:14.000 --> 00:26:18.000 Because it gave better risk reward for that moment, right? 00:26:18.000 --> 00:26:21.000 And so that's why I hate the question 00:26:21.000 --> 00:26:24.000 because I hate the action I expect someone to take 00:26:24.000 --> 00:26:26.000 after they ask me that question. 00:26:26.000 --> 00:26:28.000 Again, this is not meant to be critical of Obby 00:26:28.000 --> 00:26:32.000 because it's another way of being an analyst, 00:26:32.000 --> 00:26:35.000 but I've just seen so much bad behavior from subscribers 00:26:35.000 --> 00:26:36.000 and I'm not trying to pick on subscribers. 00:26:37.000 --> 00:26:38.000 I'm just saying there's a lot of people I deal with 00:26:38.000 --> 00:26:41.000 who subscribe up and they wanna make money super fast. 00:26:41.000 --> 00:26:43.000 They're very rash, they're not thoughtful 00:26:43.000 --> 00:26:44.000 and they're not experienced. 00:26:44.000 --> 00:26:48.000 And so I'm trying to hold hands towards Nirvana, 00:26:48.000 --> 00:26:51.000 slowly trying to push thoughtful actions 00:26:51.000 --> 00:26:55.000 and how you treat support and resistance in your trading. 00:26:55.000 --> 00:26:57.000 And again, remember guys, 00:26:57.000 --> 00:26:59.000 I was an Elliott Wave trader member in 2015. 00:26:59.000 --> 00:27:01.000 I blew up twice as a member 00:27:01.000 --> 00:27:04.000 because Obby was so damn good calling the SPX 00:27:04.000 --> 00:27:05.000 that I over levered. 00:27:05.000 --> 00:27:07.000 So I'm talking from someone who experienced too 00:27:07.000 --> 00:27:10.000 who had to learn his own set of mindfulness. 00:27:10.000 --> 00:27:11.000 What chart are you intending to show? 00:27:11.000 --> 00:27:13.000 I'm seeing ether on the screen. 00:27:13.000 --> 00:27:16.000 Yeah, I'm still on ether, I'm just gabbing. 00:27:16.000 --> 00:27:17.000 Yeah, still got ether up. 00:27:19.000 --> 00:27:20.000 I'm beyond talking about the charts. 00:27:20.000 --> 00:27:24.000 If you wanna stare while I'm gabbing at the Bitcoin chart, 00:27:24.000 --> 00:27:25.000 we can do that. 00:27:25.000 --> 00:27:26.000 I'm just answering questions. 00:27:26.000 --> 00:27:28.000 I wasn't intending to say any more 00:27:28.000 --> 00:27:30.000 about the first two charts 00:27:30.000 --> 00:27:32.000 and then I'm jumping to the other ones. 00:27:33.000 --> 00:27:34.000 You guys have a lot of questions. 00:27:35.000 --> 00:27:37.000 Let me try to speed us up a bit. 00:27:37.000 --> 00:27:40.000 The thing is if I'm trading like a tech stock 00:27:40.000 --> 00:27:42.000 and we have a stock market crash, 00:27:42.000 --> 00:27:44.000 we assume better than even odds of Bitcoin go down too. 00:27:44.000 --> 00:27:49.000 Oh man, David, look, if you wanna talk about correlation, 00:27:49.000 --> 00:27:52.000 I can give you a link to my correlation article 00:27:52.000 --> 00:27:53.000 so that we can, yeah, 00:27:53.000 --> 00:27:56.000 cause you're opening a can of worms. 00:27:56.000 --> 00:27:58.000 I don't wanna bore everyone right now, 00:27:58.000 --> 00:28:00.000 but you remember we can talk about it on the board 00:28:00.000 --> 00:28:02.000 over the weekend as I have time. 00:28:02.000 --> 00:28:05.000 We looked into Saylor's debt instruments on New York's. 00:28:05.000 --> 00:28:07.000 I've taken a look a little bit. 00:28:07.000 --> 00:28:09.000 I don't have too much to say about it. 00:28:09.000 --> 00:28:11.000 Do you think crypto bull market is over? 00:28:11.000 --> 00:28:12.000 I was pretty clear on that. 00:28:12.000 --> 00:28:13.000 I'm not answering that question. 00:28:13.000 --> 00:28:15.000 I was pretty damn clear about what I said. 00:28:15.000 --> 00:28:17.000 This is an inflection. 00:28:17.000 --> 00:28:20.000 Yes, I have a right here now to not have a call. 00:28:21.000 --> 00:28:23.000 Every analyst you guys follow, 00:28:23.000 --> 00:28:24.000 do they always have to have a call? 00:28:24.000 --> 00:28:25.000 That's a warning. 00:28:25.000 --> 00:28:26.000 All right, so that's what I'm saying. 00:28:26.000 --> 00:28:29.000 This is a time to observe. 00:28:29.000 --> 00:28:30.000 You mentioned at the opening, 00:28:30.000 --> 00:28:31.000 you were going to send us six charts, 00:28:32.000 --> 00:28:33.000 five which are shorts. 00:28:33.000 --> 00:28:35.000 Don't think we've seen all those charts. 00:28:35.000 --> 00:28:36.000 Nope, you haven't. 00:28:36.000 --> 00:28:37.000 I'll get to those. 00:28:38.000 --> 00:28:39.000 Yep, I will get to those. 00:28:39.000 --> 00:28:40.000 Primary account, it's on your chart. 00:28:40.000 --> 00:28:41.000 And that's why I asked. 00:28:41.000 --> 00:28:43.000 Yeah, I know, but okay. 00:28:43.000 --> 00:28:46.000 Willie, this is my primary account 00:28:46.000 --> 00:28:48.000 if you really want an answer. 00:28:48.000 --> 00:28:51.000 But I was very clear about what, 00:28:51.000 --> 00:28:52.000 am I trading for 140? 00:28:52.000 --> 00:28:53.000 Not yet. 00:28:53.000 --> 00:28:58.000 Okay, so like that's my problem is this is the account, 00:28:58.000 --> 00:29:00.000 but I took, I see I don't have, 00:29:00.000 --> 00:29:03.000 I need to rebuild the bearish option. 00:29:03.000 --> 00:29:08.000 And below 98, it needs to be rebuilt by 98 breaking 00:29:08.000 --> 00:29:10.000 because there's a good chance 98 does break. 00:29:10.000 --> 00:29:12.000 And this is no, then this count is dead. 00:29:12.000 --> 00:29:14.000 So I mean, just be careful. 00:29:14.000 --> 00:29:16.000 Be careful with when you, 00:29:16.000 --> 00:29:17.000 just because you see a chart, 00:29:17.000 --> 00:29:18.000 you got to understand the context. 00:29:18.000 --> 00:29:20.000 You got to understand what the analyst is saying. 00:29:20.000 --> 00:29:25.000 And yeah, primary, but primary is a bad word right now. 00:29:25.000 --> 00:29:28.000 Because if you're all in at 98 00:29:28.000 --> 00:29:30.000 without observing what the market is doing there, 00:29:30.000 --> 00:29:32.000 you're going to lose your money. 00:29:32.000 --> 00:29:33.000 But there's a good chance of it, maybe get lucky. 00:29:33.000 --> 00:29:36.000 Maybe this bull market has another leg. 00:29:36.000 --> 00:29:39.000 So this idea of like, I mean, guys, 00:29:39.000 --> 00:29:42.000 like this idea, like I have seen more rash people 00:29:42.000 --> 00:29:44.000 in the last two months than I have seen 00:29:44.000 --> 00:29:46.000 in my eight years in the seat. 00:29:46.000 --> 00:29:48.000 Let go of the rashness. 00:29:48.000 --> 00:29:50.000 You will make money if you are thoughtful 00:29:50.000 --> 00:29:52.000 and you take action tactically. 00:29:52.000 --> 00:29:54.000 And again, if you haven't formed strategies, 00:29:54.000 --> 00:29:55.000 stop, listen, learn. 00:29:55.000 --> 00:30:00.000 It, I've seen, I'm just like, I've seen so much. 00:30:30.000 --> 00:30:32.000 I'm sorry to be lecturing, but like this has been the week. 00:30:32.000 --> 00:30:34.000 I've taken it, you know, I mean, I'm gonna, you know, 00:30:34.000 --> 00:30:37.000 I'm gonna, you know, even on, even from my subscribers, 00:30:37.000 --> 00:30:42.000 I took it on the chin when we were up at 107 00:30:42.000 --> 00:30:45.000 from a few people and what happened, right? 00:30:45.000 --> 00:30:49.000 You know, anyway, it's just a lot of folks need to like, 00:30:49.000 --> 00:30:52.000 actually, actually need to work on themselves and go, 00:30:52.000 --> 00:30:54.000 what are, what's my emotional state? 00:30:54.000 --> 00:30:55.000 When you wake up in the morning, 00:30:55.000 --> 00:30:58.000 before you get on screen, what is your emotional state? 00:30:58.000 --> 00:30:59.000 Take an inventory. 00:30:59.000 --> 00:31:02.000 All right, so this is the only long I've got right now 00:31:02.000 --> 00:31:06.000 and actionable and again, when I say actionable, 00:31:07.000 --> 00:31:09.000 don't get, you know, think about what you're doing, 00:31:09.000 --> 00:31:10.000 think about your risk side. 00:31:10.000 --> 00:31:13.000 So I've been long this one forever. 00:31:13.000 --> 00:31:16.000 So I don't want to ever think when I get out 00:31:16.000 --> 00:31:20.000 at below 31, 36, okay, I'm gonna at least cut my position. 00:31:20.000 --> 00:31:22.000 31, 36 is not a pump and dump. 00:31:22.000 --> 00:31:25.000 This is a good spot actually to add. 00:31:25.000 --> 00:31:28.000 And on Monday morning, I might add, I haven't decided yet. 00:31:29.000 --> 00:31:32.000 And the target here is 43 and we're sitting here, 00:31:32.000 --> 00:31:34.000 I mean, I don't know where we'll open on Monday, 00:31:34.000 --> 00:31:39.000 but 34, 31, 36, that's $3 risk and about $9 of gain. 00:31:41.000 --> 00:31:44.000 So it's three to one risk to reward right here and now. 00:31:44.000 --> 00:31:47.000 So it would be good at, and probably what I'm gonna do 00:31:47.000 --> 00:31:49.000 is take it with an option position, a call position. 00:31:49.000 --> 00:31:51.000 But we break 31, 36, this one breaks 00:31:51.000 --> 00:31:53.000 at least the short term. 00:31:53.000 --> 00:31:57.000 So just, yeah, very good opportunity to do an ad. 00:31:57.000 --> 00:31:58.000 I don't think there's a lot, there's not a lot 00:31:58.000 --> 00:32:00.000 in the stock market that I like right now. 00:32:00.000 --> 00:32:03.000 A lot of things are overextended, 00:32:03.000 --> 00:32:05.000 but this one is extended in the same time, 00:32:05.000 --> 00:32:07.000 came down to support level, very nice flat. 00:32:07.000 --> 00:32:08.000 Will it work? 00:32:08.000 --> 00:32:09.000 Again, no guarantees. 00:32:09.000 --> 00:32:11.000 I mean, you can see a bit of oversoldness there 00:32:11.000 --> 00:32:12.000 on the MACD. 00:32:12.000 --> 00:32:15.000 I hate MACD, but I still have it on my charts these days. 00:32:15.000 --> 00:32:17.000 I'm gonna knock my MACD off 00:32:17.000 --> 00:32:18.000 cause I never use it anymore. 00:32:21.000 --> 00:32:23.000 Anyway, so that's up to you again. 00:32:23.000 --> 00:32:24.000 31, 36 is the risk level. 00:32:24.000 --> 00:32:28.000 The target is 43, 13 if you want some sense out of it, 00:32:28.000 --> 00:32:29.000 but 43 to round. 00:32:30.000 --> 00:32:32.000 Again, just again, warning, 00:32:32.000 --> 00:32:34.000 supports are meant to be broken, 00:32:34.000 --> 00:32:36.000 so it's just a key point to measure risk. 00:32:36.000 --> 00:32:39.000 And targets are also missed too, 00:32:39.000 --> 00:32:40.000 but there's a good chance. 00:32:40.000 --> 00:32:42.000 An extension on that would be 46, 00:32:42.000 --> 00:32:44.000 although I wouldn't be trading for 46 00:32:44.000 --> 00:32:46.000 if I was in the trade, again, with options. 00:32:46.000 --> 00:32:48.000 That's probably the way I'm gonna take it since I have, 00:32:48.000 --> 00:32:50.000 I'm pretty stacked with some shares right now, 00:32:50.000 --> 00:32:52.000 at this point in time. 00:32:52.000 --> 00:32:53.000 All right, and that's that one. 00:32:53.000 --> 00:32:57.000 And then MSTR, MSTR, yeah. 00:32:57.000 --> 00:32:59.000 Pretty bearish action of late. 00:32:59.000 --> 00:33:01.000 You know, if you guys recall last year 00:33:01.000 --> 00:33:02.000 in all the public webinar I said, 00:33:02.000 --> 00:33:05.000 you know, this is possibly our long-term top, 00:33:05.000 --> 00:33:07.000 but let's see how it goes over the next year. 00:33:07.000 --> 00:33:10.000 I said that last year, and right now that has still held. 00:33:10.000 --> 00:33:11.000 We have a chance at another high. 00:33:11.000 --> 00:33:16.000 Well, to get another high, we're gonna have to hold 93. 00:33:16.000 --> 00:33:18.000 You know, and right now I think it pretty likely 00:33:18.000 --> 00:33:19.000 that we at least challenge it. 00:33:19.000 --> 00:33:22.000 So 93 can get us a high over 1000, 00:33:22.000 --> 00:33:26.000 but I warned back here that we had an extended fifth, 00:33:26.000 --> 00:33:29.000 and we had some crazy sentiment. 00:33:29.000 --> 00:33:31.000 And so my intuition said, 00:33:31.000 --> 00:33:32.000 even though it looked like the count 00:33:32.000 --> 00:33:35.000 could get another extension to 1000, 00:33:35.000 --> 00:33:38.000 my intuition was at the time 00:33:38.000 --> 00:33:40.000 that this may have been a long-term top. 00:33:40.000 --> 00:33:41.000 I don't know yet. 00:33:41.000 --> 00:33:44.000 It's gonna have to break 93 to confirm. 00:33:44.000 --> 00:33:46.000 But it's certainly still warning. 00:33:46.000 --> 00:33:47.000 The market has been downtrending since. 00:33:47.000 --> 00:33:48.000 Breaking setups. 00:33:48.000 --> 00:33:49.000 This one has been a good example 00:33:49.000 --> 00:33:52.000 of looking like it was sending up long, 00:33:53.000 --> 00:33:55.000 and then breaking, and recently we had another break. 00:33:55.000 --> 00:33:59.000 Right now, I don't see any long setup on this chart at all. 00:33:59.000 --> 00:34:00.000 From a micro perspective, 00:34:00.000 --> 00:34:05.000 we just have lower lows moving into retracing this entire. 00:34:05.000 --> 00:34:08.000 This was a larger potential setup, but never nice looking. 00:34:08.000 --> 00:34:10.000 And that one is largely broken. 00:34:10.000 --> 00:34:11.000 So what I'm doing, 00:34:11.000 --> 00:34:14.000 I have not taken a short position in MSDR. 00:34:14.000 --> 00:34:15.000 I have no involvement in it, 00:34:15.000 --> 00:34:19.000 but what I'm watching now is for a nice way to, 00:34:19.000 --> 00:34:20.000 so a little bit rally. 00:34:21.000 --> 00:34:24.000 Honestly, this is a bit hard to read in structure, 00:34:24.000 --> 00:34:26.000 but it does look like five down. 00:34:26.000 --> 00:34:28.000 So this is my preference that it starts from this point. 00:34:28.000 --> 00:34:30.000 I may be wrong and it keeps going lower. 00:34:30.000 --> 00:34:33.000 Wherever it finds a more solid bottom, 00:34:33.000 --> 00:34:37.000 retrace 786 and start pulling in. 00:34:37.000 --> 00:34:40.000 382 is somewhere around 300. 00:34:40.000 --> 00:34:43.000 So between 300 and 344, if this low holds, 00:34:43.000 --> 00:34:45.000 is where I'm gonna put on. 00:34:45.000 --> 00:34:49.000 Now, my thing, because we're in a transitionary stage, 00:34:49.000 --> 00:34:54.000 my game has been to put on put options 00:34:54.000 --> 00:34:57.000 with shares long to hedge and scalp. 00:34:57.000 --> 00:34:59.000 So I have a mixed position. 00:34:59.000 --> 00:35:01.000 I'm gonna go over Coinbase. 00:35:01.000 --> 00:35:02.000 I re-entered that way. 00:35:02.000 --> 00:35:04.000 That does well for me in transitions. 00:35:04.000 --> 00:35:06.000 It gives me money. 00:35:06.000 --> 00:35:09.000 The Coinbase, even though the coin position went against me, 00:35:09.000 --> 00:35:10.000 I got out with the nominals, 00:35:10.000 --> 00:35:12.000 like 5% profit or something like that. 00:35:12.000 --> 00:35:14.000 Really small, that's why I do it. 00:35:14.000 --> 00:35:16.000 When we start getting a massively bear market 00:35:16.000 --> 00:35:18.000 and everything is trending down 00:35:18.000 --> 00:35:21.000 and nothing can rally, then I'll have a good time. 00:35:21.000 --> 00:35:24.000 As long as the implied volatility is reasonable, 00:35:24.000 --> 00:35:26.000 I'll have a good time being in put options 00:35:26.000 --> 00:35:28.000 without scalping shares, 00:35:28.000 --> 00:35:32.000 which ultimately does take money away 00:35:32.000 --> 00:35:35.000 if the position is just simply pukes. 00:35:35.000 --> 00:35:37.000 So anyway, that's what I'm watching for. 00:35:37.000 --> 00:35:41.000 Again, enter at 296, let's see, 300, sorry. 00:35:41.000 --> 00:35:42.000 I got this on the wrong fib. 00:35:42.000 --> 00:35:43.000 My fib is missing. 00:35:43.000 --> 00:35:47.000 Around 300 to 344, enter in this zone. 00:35:47.000 --> 00:35:50.000 You can scale in across that zone. 00:35:50.000 --> 00:35:55.000 On the short side, you can trade the leverage ETFs. 00:35:55.000 --> 00:35:56.000 I don't know what the price will be in those. 00:35:56.000 --> 00:35:59.000 Those things distort elevated patterns. 00:35:59.000 --> 00:36:01.000 I don't generally trade them myself. 00:36:01.000 --> 00:36:02.000 I prefer put options, 00:36:02.000 --> 00:36:04.000 so I don't know what price you would trade at, 00:36:04.000 --> 00:36:06.000 but you can always watch the underlying 00:36:06.000 --> 00:36:08.000 and make a decision there. 00:36:08.000 --> 00:36:09.000 Again, not a recommendation, 00:36:09.000 --> 00:36:13.000 simply an opportunity I see that you can look into 00:36:13.000 --> 00:36:15.000 and decide whether it's good for you. 00:36:15.000 --> 00:36:17.000 Coinbase is the other one. 00:36:18.000 --> 00:36:22.000 I am in puts again with some shares to scalp. 00:36:22.000 --> 00:36:27.000 I would like to add to the position around 350 to 375. 00:36:28.000 --> 00:36:29.000 This one has been tricky. 00:36:29.000 --> 00:36:32.000 I thought that we topped in B here. 00:36:32.000 --> 00:36:33.000 Of course, we went right back up. 00:36:34.000 --> 00:36:37.000 I took off the position here. 00:36:37.000 --> 00:36:38.000 Again, nominally profitable 00:36:38.000 --> 00:36:41.000 because I had shares to stack it, to hedge it. 00:36:41.000 --> 00:36:42.000 But the same position, I'm already in it, 00:36:42.000 --> 00:36:43.000 but I want to make it bigger 00:36:43.000 --> 00:36:46.000 if we get a trade back up to 375, 00:36:47.000 --> 00:36:48.000 especially 350 I'll look at. 00:36:48.000 --> 00:36:52.000 The target is roughly 215. 00:36:52.000 --> 00:36:53.000 And I put out an article. 00:36:53.000 --> 00:36:56.000 I think I put an article on this setup. 00:36:56.000 --> 00:37:00.000 Actually, I don't know if LA Way Traders Twitter account 00:37:02.000 --> 00:37:03.000 tweeted it out. 00:37:03.000 --> 00:37:05.000 I will tweet it out later today. 00:37:05.000 --> 00:37:06.000 Subscribers got it yesterday. 00:37:07.000 --> 00:37:08.000 I will tweet it out. 00:37:08.000 --> 00:37:10.000 It doesn't say much more than I just already said. 00:37:10.000 --> 00:37:11.000 So looking at that. 00:37:11.000 --> 00:37:14.000 So that's on the stock side. 00:37:14.000 --> 00:37:16.000 So one long, two shorts. 00:37:17.000 --> 00:37:20.000 On the coin side, all of my short positions 00:37:20.000 --> 00:37:23.000 for the longterm, which I've been taking and building, 00:37:23.000 --> 00:37:26.000 are all paying me money right now. 00:37:26.000 --> 00:37:28.000 Avalanche is one. 00:37:29.000 --> 00:37:32.000 Oh, I want to say something about Bitcoin RSI, 00:37:32.000 --> 00:37:33.000 which I'll look at. 00:37:33.000 --> 00:37:35.000 I'll swing over to that before we end this webinar. 00:37:35.000 --> 00:37:37.000 Avalanche is one of them. 00:37:37.000 --> 00:37:38.000 Let's zoom out on it. 00:37:38.000 --> 00:37:41.000 I got into this position a while ago. 00:37:41.000 --> 00:37:42.000 No, not a while ago. 00:37:42.000 --> 00:37:45.000 When the C broke down back into this range, 00:37:45.000 --> 00:37:46.000 that was just before liquidation. 00:37:47.000 --> 00:37:49.000 So that's one is very nice in profit. 00:37:49.000 --> 00:37:53.000 The ultimate target is 35 cents. 00:37:53.000 --> 00:37:56.000 We'll see if it really wants to move down. 00:37:56.000 --> 00:37:57.000 A lot of times markets in dumps, 00:37:57.000 --> 00:37:59.000 I call these dumpster fires. 00:37:59.000 --> 00:38:00.000 They're just in downtrends. 00:38:00.000 --> 00:38:03.000 They don't always go to the full impulse. 00:38:03.000 --> 00:38:04.000 The Able C is 184. 00:38:04.000 --> 00:38:05.000 So it might stop there, 00:38:05.000 --> 00:38:08.000 but still it's pretty, still a pretty good short up here. 00:38:08.000 --> 00:38:10.000 I'm totally wrong if it sustains over 40, 00:38:10.000 --> 00:38:13.000 but it can still do this red C wave and still be a short, 00:38:13.000 --> 00:38:15.000 but I wouldn't want to be in it over 40. 00:38:15.000 --> 00:38:17.000 Now that I'm in profit, 00:38:17.000 --> 00:38:18.000 I need to put a tighter guard on that 00:38:18.000 --> 00:38:20.000 because there's no reason to give that money back. 00:38:20.000 --> 00:38:22.000 So there's that one. 00:38:22.000 --> 00:38:24.000 Not a great entry here, 00:38:24.000 --> 00:38:27.000 but if we get, sell the rips, so to speak, 00:38:27.000 --> 00:38:28.000 is the way I'd look at it. 00:38:28.000 --> 00:38:29.000 If you wanted a tight stop, 00:38:29.000 --> 00:38:31.000 you can always use this one at 35. 00:38:32.000 --> 00:38:35.000 Because breaking over 35 00:38:35.000 --> 00:38:37.000 will probably bring a break of 40 as well. 00:38:38.000 --> 00:38:39.000 All right. 00:38:39.000 --> 00:38:40.000 And then Cardano. 00:38:40.000 --> 00:38:43.000 I mean, I know there's some Cardano fan people out there. 00:38:43.000 --> 00:38:45.000 I always get trolled by Cardano people. 00:38:45.000 --> 00:38:47.000 But yeah, I am, whoops, 00:38:47.000 --> 00:38:50.000 I am short currently. 00:38:50.000 --> 00:38:53.000 And question is where to add. 00:38:53.000 --> 00:38:57.000 So what I like is finishing a fifth wave here 00:38:57.000 --> 00:38:58.000 and getting this two. 00:38:58.000 --> 00:38:59.000 I don't know where that's going to end up right now. 00:38:59.000 --> 00:39:01.000 It looks like it's around 70 cents, 00:39:01.000 --> 00:39:02.000 but I'll add to it there. 00:39:02.000 --> 00:39:03.000 Again, this would be confirmation. 00:39:03.000 --> 00:39:06.000 I probably will take some off as a profit there too, 00:39:06.000 --> 00:39:08.000 and then add into the two. 00:39:08.000 --> 00:39:10.000 So I may do that as well. 00:39:10.000 --> 00:39:12.000 Do a little trade around the position. 00:39:12.000 --> 00:39:17.000 And then Bitcoin Cash is working. 00:39:17.000 --> 00:39:18.000 Again, I'm nominally short. 00:39:18.000 --> 00:39:20.000 I want to get larger. 00:39:20.000 --> 00:39:23.000 I'm going to trade all of these pullbacks of four. 00:39:23.000 --> 00:39:25.000 Where is four going to show up as a question? 00:39:25.000 --> 00:39:27.000 It looks like roughly around 500. 00:39:27.000 --> 00:39:28.000 I'll add to this position. 00:39:28.000 --> 00:39:30.000 And I'll be in and out this. 00:39:30.000 --> 00:39:32.000 You know, I want to try to get my position 00:39:32.000 --> 00:39:34.000 to a very low cost in net. 00:39:34.000 --> 00:39:35.000 So I want to trade around it 00:39:35.000 --> 00:39:38.000 as it goes through these waves. 00:39:38.000 --> 00:39:41.000 Ultimately, again, if we go into a large bear market, 00:39:41.000 --> 00:39:42.000 this one looks really bad. 00:39:42.000 --> 00:39:44.000 Basically, you know, some of these like Herdano, 00:39:44.000 --> 00:39:47.000 and I can't say that Bitcoin Cash 00:39:47.000 --> 00:39:49.000 didn't participate in the bull market, 00:39:49.000 --> 00:39:51.000 but it wasn't really strong. 00:39:51.000 --> 00:39:52.000 You know, you look at Avalanche, 00:39:52.000 --> 00:39:54.000 it was sideways the entire bull market. 00:39:54.000 --> 00:39:55.000 You look at ADA, 00:39:55.000 --> 00:39:57.000 basically went nowhere the entire bull market. 00:39:57.000 --> 00:39:59.000 So those are all of the ones that I target as shorts 00:39:59.000 --> 00:40:00.000 because I... 00:40:31.000 --> 00:40:33.000 And then you start coming out the other side, the bottom side. 00:40:33.000 --> 00:40:36.000 Well, that's a really great opportunity to shorten in my view. 00:40:36.000 --> 00:40:40.000 And these are the ones based on targeting, I mean, ABEX, ADA, BCH. 00:40:40.000 --> 00:40:44.000 I mean, other ones I'm not reviewing today, DOT, I'm short as well. 00:40:44.000 --> 00:40:46.000 It basically did not participate in the bull market. 00:40:46.000 --> 00:40:48.000 It was basically a darling of 2021. 00:40:48.000 --> 00:40:51.000 It has failed in this latest bull market. 00:40:51.000 --> 00:40:53.000 And this is the cycle the crypto goes on. 00:40:53.000 --> 00:40:59.000 So if you are in a crypto fan club for a certain coin and you're holding it out and you're watching it downtrend, 00:40:59.000 --> 00:41:04.000 you're the chump. You're the one that is going through this cyclical thing. 00:41:04.000 --> 00:41:09.000 You know, in some come back like like definitely XRP came back mad. 00:41:09.000 --> 00:41:12.000 Problem is, most of them don't. And that's the that's the problem. 00:41:12.000 --> 00:41:15.000 You're basically putting hopium on that that needle in the haystack. 00:41:15.000 --> 00:41:21.000 It's going to come back to the next bull market if it's in a downtrend during the bear market. 00:41:21.000 --> 00:41:26.000 That is this is the way crypto works, folks. And that is all the charts. 00:41:26.000 --> 00:41:33.000 I am I am going to get the video up. I've got more questions, so I answer those as well. 00:41:33.000 --> 00:41:36.000 Get the video up. I will get the video out to Twitter. 00:41:36.000 --> 00:41:42.000 It'll be a little slower on that side. And then I will get the charts up for subscribers. 00:41:42.000 --> 00:41:46.000 And at the same time, I will I will happily, 00:41:46.000 --> 00:41:51.000 happily get those requests for subscribers also up as well that I did not cover in the webinar. 00:41:51.000 --> 00:41:56.000 Because, again, this was a public webinar. All right. See, great approach and explanation of being in an inflection point. 00:41:56.000 --> 00:42:02.000 Do I understand that Bitcoin be correctly that we if we break 98k, then you reshort or at least expect. 00:42:02.000 --> 00:42:06.000 OK, so this is an important tactically for me. I don't shorten the hole. 00:42:06.000 --> 00:42:11.000 I want to short pullbacks in downtrends. So to me. 00:42:11.000 --> 00:42:18.000 So if we go we break 98. And the other thing is Bitcoin has this. 00:42:18.000 --> 00:42:23.000 OK, I hate I hate traditional technicals like RSI, MACD and all that. 00:42:23.000 --> 00:42:30.000 I I long divorce myself from them. However, Bitcoin has this way of putting nice rallies, 00:42:30.000 --> 00:42:35.000 even in bear markets when the big when Bitcoin hits below 30 RSI. 00:42:35.000 --> 00:42:41.000 So I generally buy when Bitcoin breaks over 30 aside and as soon as I get a stop under it, I get a stop under it. 00:42:41.000 --> 00:42:46.000 And most of the time the trades work doesn't mean you get new highs out of it and all that. 00:42:46.000 --> 00:42:51.000 So I will be a buyer. I think so. There's a predictor indicator. 00:42:51.000 --> 00:42:56.000 And I think it's something like at ninety five. RSI global flow three. 00:42:56.000 --> 00:43:03.000 So I'll do a little bit of nibbling, triangling, you know, like basically scaling in kind of the Martingale type approach, 00:43:03.000 --> 00:43:07.000 positioning as it as the trade is a loser. I'll just add. 00:43:07.000 --> 00:43:15.000 But I'll do so with no leverage and I will do so with only part of my cash and then get a stop under it. 00:43:15.000 --> 00:43:20.000 ASAP, because under 30 RSI here and now. 00:43:20.000 --> 00:43:25.000 And you can see that you can see how much RSI has decayed over the last many months. 00:43:25.000 --> 00:43:30.000 That may be actually an indication that we are in a bear market. Another early one. 00:43:30.000 --> 00:43:35.000 However, so to answer your question, I don't shorten the hole when we're oversold. 00:43:35.000 --> 00:43:44.000 I want to actually be on the opposite. But as we get a corrective rally afterwards, then I'll look at the character of it. 00:43:44.000 --> 00:43:48.000 And then if it if it looks shortable, definitely will tend. 00:43:48.000 --> 00:43:52.000 I mean, I tend to in this big kind of big scale that we're talking about. 00:43:52.000 --> 00:43:57.000 I don't know exactly how it would play out, but I tend to first I'm going to draw some arrows on it. 00:43:57.000 --> 00:44:03.000 I tend to first. Where's my arrows? Forget it. 00:44:03.000 --> 00:44:07.000 So we get it. You get a rally. Is the rally correct? Corrective or impulsive? 00:44:07.000 --> 00:44:12.000 Does look like a strong reversal. We get fair, fair value gaps on the underside, meaning they're bullish. 00:44:12.000 --> 00:44:15.000 All of that. Or do we get them? You know, basically none of that. 00:44:15.000 --> 00:44:21.000 And we get a lot of overlap. OK, now wait for the rejection out of that rally. 00:44:21.000 --> 00:44:27.000 Then I will short. So I basically want to I want to see the market relieve the oversold situation before. 00:44:27.000 --> 00:44:30.000 So I'm not shorting the lows. Right. It's like day trading. 00:44:30.000 --> 00:44:36.000 You know, I do do range breakout trades intraday like I trade the Russell futures a lot. 00:44:36.000 --> 00:44:44.000 I do often intraday break outs of, say, that one hour into market does work. 00:44:44.000 --> 00:44:49.000 But the problem is when it doesn't work, you're on the low side of the trade and you just have giant risk. 00:44:49.000 --> 00:44:53.000 Right. So the only reason I was short down here, 98, I'd have to have some very tight risk on. 00:44:53.000 --> 00:45:02.000 So, I mean, it's a long way to answer your question to say no, but that will be a signal to look for a short when the market comes back. 00:45:02.000 --> 00:45:07.000 All right. See, Georgia or Ole Miss today. I don't even I assume that's college football. 00:45:07.000 --> 00:45:14.000 I don't know. It's not me, man. I don't even I grew up on as a 49er fan required by my father and stepfather. 00:45:14.000 --> 00:45:19.000 But man, I'm a I'm a I'm a European football guy now because my son played club. 00:45:19.000 --> 00:45:24.000 So I not not pro club, but like youth club. And so I became a soccer convert. 00:45:24.000 --> 00:45:28.000 So that that said, I don't watch it all the time. I'm looking forward to World Cup. 00:45:28.000 --> 00:45:34.000 All right. You know, America sucks. All right. Take a peek at Marathon and Riot. 00:45:34.000 --> 00:45:40.000 Nope. Not ready to do that. Let's see. What do you think a stop would be for a long at 90? 00:45:40.000 --> 00:45:44.000 It's indeterminable right now, David. It will be. Where do we reverse? 00:45:44.000 --> 00:45:49.000 Does it reverse at 98? Does it reverse after 98? Is RSI too low? 00:45:49.000 --> 00:45:54.000 You know, all of that. The long and does it doesn't give us a long at all. 00:45:54.000 --> 00:45:58.000 And again, an answer to me is I long a one to set up. Right. 00:45:58.000 --> 00:46:02.000 Which is an impulsive reversal and the pullback that comes after. Same thing. 00:46:02.000 --> 00:46:06.000 I talk about the short. Right. The market broke support. OK. 00:46:06.000 --> 00:46:09.000 Don't shorten the whole wait for it to come back. Start shorting. 00:46:09.000 --> 00:46:17.000 It's the same thing here. If we if we respond to 98 support and, you know, once it comes off a low, 00:46:17.000 --> 00:46:21.000 then we at the worst case we have a low. But, you know, stops at lows are pretty bad, right? 00:46:21.000 --> 00:46:28.000 Because they get hunted. So a lot of times I want to see a mid mid like sort of a middle of the rally. 00:46:28.000 --> 00:46:36.000 There's some kind of support level that forms, whether it be the fib for the one to or a fair about a fair, fair value gap. 00:46:36.000 --> 00:46:40.000 And on this scale, I'm looking at two hour for our fair value gaps. 00:46:40.000 --> 00:46:44.000 And the only reason I would use that is if it turns into a diagonal. 00:46:44.000 --> 00:46:48.000 It's not impulsive than the one two is unreliable, but maybe the diagonal play. 00:46:48.000 --> 00:46:52.000 So I can't tell you right now down here. I mean, up here, David, we have to get there. 00:46:52.000 --> 00:46:57.000 We got to form the reversal at the worst case, wherever the low that forms. 00:46:57.000 --> 00:47:02.000 That's our stop. Right. That's the worst case. But I have to have something better than that because stops at lows do get hunted. 00:47:02.000 --> 00:47:10.000 They tend to write their targets, their targets also because they create liquidations because you got everyone piling in at that level. 00:47:10.000 --> 00:47:16.000 So that's the worst case. But but if we can find a better stop, we'll do it. All right. 00:47:16.000 --> 00:47:21.000 Any other questions? All right. OK, so scribers know the game plan today. 00:47:21.000 --> 00:47:26.000 I have to leave the house in like 40 minutes, but I have time to get some of the charts up. 00:47:26.000 --> 00:47:32.000 So I'll do that and the rest will come when I get back later today. If you joined us, you know where to find me. 00:47:32.000 --> 00:47:38.000 I can do what I can on Twitter. There are questions. I try not to hang out there much anymore. 00:47:38.000 --> 00:47:41.000 But but, yeah, no. Ask me any questions. I'll do my best to answer it. 00:47:41.000 --> 00:47:45.000 The video will come up as well. And you guys all have a great trading week. Talk to you guys later.