Daily Cryptocurrency Technical Analysis & Learning


Back we’re back in action It’s a nice little Monday morning over here in Helsinki, Finland I hope that everyone’s doing beautifully wherever you might be in this world and I’m just gonna give people a second here to kind of shuffle on in and as we are getting ready for the good old show as they say let me just get my own links out here so we can get some some people some some nice viewers going on and down in the In the good old chats and let me just get on over here Make sure everything is working as intended because you never know. You never know. You never know what might happen on stream. It’s live So so fuck it. We’ll do it live as they say. All right, just get in this link out over here. Okay Okay, just making sure this is good. All right, hype doing crypto. Come on get over here. There we go There we go. Hosting myself. So that’s also good as well. And we’re live. Yes, indeed. Okay, it’s looking nice All right. I got my link. I’m gonna post it over here to all my good friends if you’re over here pay attention It’s about to start. It’s about to go down Okay, speaking of going down. Hey, what’s up Paul? Jarris how you doing? Man? Not related to Paul generis. He’s not going down He’s going up. He’s going he’s going up and respect because god damn it Paul generis is a is it is a damn good human being let me just post this over here on the on hyped on kryptos Channel as that would be that would be nice to do just get some more people in there All right, that looks good to me getting my chats ready over here making sure that my charts look all well and good Hey, what’s up? Electric bird? How you doing my friend, how you doing? Good to have you in here and again guys, please do please do let me know if anything needs to be You know moved around or you know adjusted, you know, if I don’t know if you can’t see someone well Just please do let me know. I’m always here always looking for feedback And and until that I’ll just keep on talking. Just keep on moving my goddamn mouth. What’s up? See Jackie. How you doing? Mr Jack over there and Poland, what’s up, man? All right, so I’m just gonna briefly start going on over this Oh first things first I should probably disclose my current position. I am in a little bit of a long right here I entered at about 63 49 and a half essentially just kind of a risk/reward play I do feel like we have a little bit of upside here As we do kind of crawl our way along this what I’m looking at as a bear flag right here. Sorry This does not look right. Let’s go over here – uh, nope, no wrong chart yet over here – Finex. There we go That’s what I’m looking for. Yeah, still still kind of crawling around our way in this in this bear flag We do have that yellow 21 exponential coming in around 60 or 64 30 ish area on on Phenix So that might be where I close this position Essentially, I’ll be managing risk in this lower timeframe right below. I’m pretty much right at my entry again This is this is just one of those trades that I think is quite easy on the sole It’s a very easy risk reward trade where you know I’m buying on support right around here as you could imagine that this is some sort of but you know What do you want to call this a? Falling wedge, you know of Consolidation what the fuck you wanna call? It doesn’t matter It doesn’t matter what you call The the important part is that we have a well-defined support and a well-defined resistance and anytime that we have something like that Well, there’s typically a decent trade setup to be made With that in mind though. Keep in mind that this is an extremely low time for extremely low. It’s an hourly. It’s not that low But-but-but-but it is a lower timeframe. And these things can can fall apart quite easily on a lower timeframe So I just want to talk about and be open and honest about the the limitations with looking at something like this Let me just make sure that my chasse is going on over here. See Jackie nice emoji. I like it Love it take trading back above this purple 200 exponential right here If you’re on if you’re on the other night you did we did kind of identify this This divergence right here. And you’re also it is going on and since then we did kind of consult it a little bit lower So again anytime that you do have divergence doesn’t necessarily mean a full-on reversal But it can signal as soon as we get to this neutral zone right here it looks like we are starting to find support so I am leaning towards this being broken out to the upside here and again, our next big resistance is somewhere around 64 20 ish and above there is 65 50 which is where I really want to get this thing. Let’s go check out the weekly by the way Let’s go check out the weekly and the weekly With with this weekly dildo with dilly right here apologies Sorry guys, I have a little bit of a potty mouth over here. I apologize about that But you know the with this with this weekly candlestick We essentially we’ve essentially done nothing and and by nothing nothing isn’t the right term We’ve essentially had a consolidation week As we do kind of tighten up this range after a little bit of a reactionary bounce down here now things in the shorter timeframes Do you look like we have a little bit of upside to me down below here? I was just speaking with my good friend over on over on the over on discord that this kind of looks that this was kind of signals of a little bit of key accumulation going on down here and again, Very very very very very short time frame So I don’t want to you know, make this sound like we’re going onwards and upwards again. I’m extremely bearish in the more longer run However in probably for this next week, it does look like we have a little bit of up to go Again, you know these if you want to call these bull wicks below this area, you know You can call it that you can call whatever the fuck you want In this blue box area is your support we’ve been kind of respecting that as we move along here but again I always want to have the the context of this price action with in mind because as long as we’re within That are long as we’re trading under this resistance and above this support you know, this is just a Bear Flag rising channel consolidation period and to me To me that means I just want to be trading ranges you know being in and out quickly and also have the idea in the back of my mind that if we know in A rising channel to they typically breakout to the downside more often than not so yes, they can breakout to the upside It does happen. I’ve seen it. I’ve certainly seen it happen before not very often but but as long as we’re within this, I really, you know, I want to be extremely cautious with With the way that I’m taking trades and kind of positioning myself as these things can get sold on to quite easily We’ve already been living in this rising channel for about over three weeks now starting over here on this nice big fat girthy red candlestick Right here on the 22nd of June and we’ve been yeah, and we’re actually on the 16th of July right now So quite sometime we can certainly stay in it for quite some more time again when you do have a rising channel You really don’t have like an apex like you would with any sort of triangular Consolidation formation so consolidation formation great great rhyming crown cod. Am I probably sound like such a meme right now? Anyways, my point with that is is that you know There’s no sort of Way to gauge time on how long you’re gonna be or could be stuck within this range as opposed to something like this Where you know you have a very large area of consolidation Let me just kind get my green trial triangles out and flying around right here, but you can see you know As it does get more and more full it gets more and more likely to break But you would have been forced to choose the direction right here at the apex is what is called around August 11th, so Again, just just kind of random stuff to be aware of and the immediate term timeframes You know, I know a lot of people are calling this an invert in inverted head and shoulders, but it’s really not man You can’t have your right shoulder trading below the low of your left shoulder on both your wicks And your and your daily bodies over there? Really really? um, you know, one of those main things that I think a lot of people are getting wrong right now again, I don’t want to be you know calling anyone out. God dammit. Tony’s just kidding tone bass probably has a right I don’t really listen to anymore to be honest with you but but but but but a lot of people are getting kind of like blindly bullish right here and while I do think we have some upside the the big point of this stream and the big point of what I’m probably gonna be saying for the next week is that we ain’t Out of the fucking woods until we get above this area right here, especially this blue box area I mean if we did kind of crawl back into this green triangle area right here then yes We would have by definition or change behavior Now now I’m sure you know a lot of people might be a little bit more aggressive in saying that the 6750 area or 68-hundred area is kind of it’s kind of where you’d be been making that decision Yeah, I mean you could make a little bit of a short-term decision there We did have a lot of short a lot of a lot of liquidity being hunted right here on this red Delian this powerful This powerful wick as well. So again, You know, it’s it’s always it’s always a new moms perception is is what’s best to have so let me just kind of explain why this is my moniker for a change in market direction so to say and that essentially is is that You know yet we have market faces going on here and up and I apologize fine If you feel like I’m always repeating myself, but I feel like this is really really important because again, it’s a higher time frames It’s the macro market cycles and some macro trends where the real money is made You know I can scout these ranges all day long but I can also just make you fucking easy for myself and In trade with the trend, they’re trying to be a friend if you let it be just let it be your friend Don’t fight it. Don’t make it your friend of me because then it’ll fuck you Sorry bad language anyway, so starting over here. We have about a three year bull run And again, we’re going over all the market faces right here and in he and here’s her bull face just blind This is where by the dip is great. This is where Hottel is great This is I mean, it’s okay But but but this is where reddit is saying guys don’t sell just by just by and you’ll be fine guys Don’t worry about this this magic internet money. It’s not like any other trading asset you can do whatever the fuck you want You just sit on your ass fucking masturbate all day. Sorry bad language, but I know you fucking do it. Okay, and You can make all the kind all kinds of money Now with that said, you know yes in this sort of market phase that is where it sort of lulls you into that false sense of security and And where I see a lot of people with get kind of get you know Lazy lazy sorts of mindsets and lazy sort of trading strategies being adopted myself I actually did I kind of fell into my own sort of my own sort of trouble I’m gonna say troubles right around here, but I’ll certainly It wasn’t until we had that bull trap about about 16,500 where I said, okay, we’re not going to fucking moon anymore. It’s time to not be long So again, here’s a bull phase right here then you’re then this is your topping phase slash reversal phase right here if you’re wondering where I kind of got my My tip off that this was no longer a bullish market again Just kind of reiterate so you can so you can reproduce yourself in the future What is right here on this on this break of? 1650 once we once we started closing big fat red dillies below there I said up it’s time to get the fuck out Until that time. We actually really didn’t even have a change of behavior I know that sounds crazy because we did have about 50% down from 20,000 to 10,000 right here But but we were having crazy moves like that all the way through In fact, but you but when you look at these Exponential’s you can very easily see that Oh, it’s uh, it really wasn’t that I mean while it was aggressive. It wasn’t market shifting type behavior as it wasn’t until over here where we really started trading below these Exponential’s and And doing something different so you have your reversal phase right here So I’m getting all sorts of trial sidetracked and then you consolidated between 6,000 and 12,000 right here this green triangle triangle area And that’s also marked off by your by your very orderly fall-off in volume right here another typical sign of consolidation and then more importantly when we broke this consolidation to the downside with this with this red Dilley poking through you see that you see your first spike in volume coming back into the market this tells this is telling me that there’s that there’s agreement within this market sphere and People are ready to live below or People are ready to live or carry out a more prolonged bearish trend so again That’s why I look at this area right here This blue box area as like the tipping point for the market as long as we’re below here I don’t see any reason at all whatsoever to be you know Bullish to seem like all-time highs by the same token if we did started closing daily Dilly’s above here then. Yeah, I do think that we have a change of behavior I definitely go neutral on the market maybe even bullish at that time We’d have to kind of you know assess it while we get there now let me kind of talk about why I also think we might have a little bit of upside here and Just put this chart into your mind’s eye and sorry about this guys. I’m I’m Over here on the chats. I am paying attention, but just always be aware that on the chats Sometimes you know, I can’t always see comments. I can’t sorry what I should explain this better when when the comments disappear from visual front front front from the visual visible view on the stream On the live stream then I actually can’t see them anymore So, so if I do miss your comment, please just add it again at the bottom. I’m happy to interact with anyone answer anything I’ll talk about anything. Just a fucking hi. Say hello say how are you or say fuck? You? Just regale me in the Comments. It’s also good as well. Alright so back now over here I’m back now over here put this in put this chart in your mind’s eye as we have the this by definition is you know your market cycle and it is and is something that I want to kind of present here and Right here looking at our exponential is that cyan line is your 100 exponential and that purple line is your 200 exponential very powerful Exponential’s and now Look how price action has reacted off of off of this cross right here. This is a very rare cross you really don’t see it too often in trading spheres and it can be a It can be a big big big big big Tip-off on what the bots and algorithms are doing again I know a lot of people who are skeptical of technical analysis are gonna say something like crown What the fuck are these magical lines? You think that they can tell what the markets doing? well Of course not it’s not just it’s not that simple and technical analysis is nowhere near Crystal ball as some people might have you believe if huge if you’re doing Elliot waves over there shame on you Just kidding. Of course, you can do what the fuck you want But but that’s kind of my problem with Elliot waves is that you know technical analysis isn’t about telling the future it’s about it’s about coming up with different scenarios and In there trigger points and then making good probabilistic trades based off that that’s all it is It’s just no it’s no more magical than that okay, so packing over here before I ramble on any longer god damn a crown can’t you just say fucking focus his uh It is right here. So you have to cross right here and again The the reason why this is important is because it’s telling us what the bots and the algorithms are switching on their programs to do we had your traditional death cross right here with your green fifty-five crossing the downside of your of your Purple two hundred which is a very powerful cross and this is this is the exact kind of death cross that you’re looking for Where it kind of pulls it into the price action then spits it out telling you that the bots are on the sell side That the algorithms have switched to selling and and over here the relevance of this is that it’s basically intensified They’re selling as though as those movement averages. Do do you start to slow up a little bit more aggressively? Okay, so get fucking on with a crown. So so we have this initial dump in price action right here Dump down consolidate right here pump back up to your yellow 21 Then dump back down just a little bit lower and then pump backup Pump back up above your yellow 21 reach for your green 55 and then dump back down your low 21 Okay, memorize that putting your mind side and we’re gonna go into the goddamn time machine alright, let’s go do this back into time 1969 good old awesome powers is right over here with fucking Crown, what the fuck you saying? But uh, but here is the only other time that this cross has ever happened in bitcoins almost 10-year history Let me repeat that Bitcoin has been around for almost ten years to the date and This is the only other time that we have seen these exponential moving averages cross Within within the whole lifetime with a lot within the whole life of a Bitcoin itself Okay. So what is the relevance of this? Well again it tells us what the bots are doing what the algorithms are doing and their programming does have Carryover and that is what and that is how you can kind of look at historical price action, you know, not only you know human psychology, of course, but also but also the way that these things are our program just just by nature and And we have very similar action You know, it’s it’s not one-to-one as some people would have you believe it’s certainly not but we do have this major dump consolidate pump backup tester yellow 21 dump back down a little bit lower and more aggressively here to be fair a Lot more aggressively pump back up above your yellow 21 reach for that green 55 dump back down reach that kind of secondary low Right here Right and then pump back up putting in the bull trap of fucking death and decay because soon after that Well, we get the red Dilley party all the way down destroying all sorts of bullish potholes right there. Sorry dere yours Right there so again I also want to point out this remember how we’re in a little bit of a Of a rising channel bear flag in the current price action of Bitcoin. Well, look at this Look at this. We we do actually have a bear flag broad anymore the fuck you want to call it again It doesn’t matter what you what English word you you refer to this or used to refer this But what but what matters is is the support of resistance and very clearly we break this, you know The this rising channel type formation to the downside very similar to what we have going on in the current price action So so keep in mind that we actually do find resistance right around the right around the 100 exponential that cyan line right there Which guess what you’d imagine that if we do? extrapolate this a little bit further and if we in and we’re making an assumption here making a major assumption that Whoops, whoops. Sorry about that that we would you know It would start to kind of come down into here under the blue box territory And that’s likely where we do find resistance if this move does play out like that So again, I don’t want to make this sound like it is it’s a done deal I’m just offering up ideas and I want to be very thorough in the way that I explain this as its as it’s certainly possible is what I want to get out get get on over here as As you know, I always want to be aware of all the situations present Now it goes without saying that we dump on on down Onwards and downwards pretty pretty damn aggressively after that to our all-time low if we are gonna follow that sort of 2014 area So where would that equate to in in bitcoins current trajectory? Well, I’m glad you asked crown If I am I losing my mind that much but but fair enough, okay So with this with this sort of bear flag rising channel formation right here we actually can make a measure move off that and If we just take the bottom of our flagpole to the top and we apply that to the perspective down Or breakdown area right around here. Again. We’re making an assumption here making a major major assumptions being made I want to be clear about that. But if we did break this down and confirm down Well, where does this measure move? Take us Oh beautiful right into that blue box territory right there a nice horizontal level kind of a green with that But hey, is there anything else that points in that direction or is it that of course, of course? There is my thought I asked myself again Oh My god, I should stop drinking coffee. Jesus fucking christ So over here over here when we do pull it out when in doubt pull it out. It doesn’t just work for sex but it also works for charting and And we can see an inverted cup and handle right here a very very well-defined one as well as we do have the right volunteer To assist we do have the right shape. We do have the right side so smells like one It’s taste like when it smells like or I don’t know it acts like when what’s the other fucking word? then it probably is one and And more importantly whenever I’m going over these formations, I’m always looking for ways. That could not be true Just like this inverted head and shoulders over here was kind of denied with this with this move right here that liquidity run right there I’m always looking for why things would likely be denied and with this measure move it would take us Down if we do apply it right making sure doing all my good drawings and look at that It takes us right back into that blue buck territory as well. Okay crown. That’s that’s kind of cool, but I’m not convinced yet What else do we have pointing down there? Well, you don’t need to be fucking convinced goddammit Stop arguing with myself, but you got your seven eight six Fibonacci retracement coming in there as well. Okay, what else? Can we find? Alright? I’m getting more and more retarded by the fucking second Jesus Christ Okay, so over here on our on our bit stamp chart we have we have bit stamp the longest-running Bitcoin exchange all going all the way back to the Genesis block of good old Bitcoin and In this is almost 10 years of price action and price history. And what do we have over here on the logarithmic time scale? Well, we do have a trend line that has been valid ever since the inception of Bitcoin This dotted trend line right here, and it’s never been broken in the UH again the almost 10 year history of Bitcoin Very cool. Now. What is why am I talking about this? Well, you’d imagine that if we do extrapolate this forwards here, then it would very likely it would very likely Intersect with this horizontal area right here. Again that 4400 level that we just talked about We know with all those all those measure moves kind of pointing towards and it also point towards you know That 786 naught retracement. Also your your purple 200 exponential does come around there as well So just another thing but but on to this point about this this logarithmic trendline well in 2014 This market cycle over here We did bottom along this along this trendline But more importantly we we bottomed along the intersection of this log method trend line from the initial consolidation phase over here to our horizontal area right here from the past market cycle Now if we do kind of extrapolate this forwards over here We can see that this all intersects again at that 4400 region more importantly or maybe less importantly. This is more like that This is more like tinfoil hatchet right here. So, please do take this with like five billion grains of salt go to the fucking beach Or sand I don’t even know Goddamn the crown to even make sense but over here We can actually look at the time frame of of when this could happen And again time analysis is not something that I’m truly comfortable with but this is quite interesting as we do have the good old Bitcoin ETF being announced on perhaps the August August attempt and by the Way that’s a little bit misleading because because if you actually do look into that paper It doesn’t necessarily indicate that it’s gonna be decided for sure on August 10th In fact, it says it could take another, you know, 40 or 45 days, whatever it might be anyways The what I’m trying to get out over here is that we actually do have all this all all these things converging at that 4,400 level around right there on the date at the bottom You can see on 8 on 8 6 & 8 & 8 13 in between 8 6 & 8 13 because this is a weekly dildo chart weekly daily chart and Goddammit, and and and that would likely be right around that August 10th date So again, I’m just I’m not saying this is gonna happen one to one. I’m not saying that it’s gonna happen at all I’m just saying that we do have some technical analysis ways bringing us down there and I do think that is a little bit interesting With the way that it kind of formulates around those around those Those dates that that everyone seems to have their eyes on now I do think that we actually could very very easily go lower in fact, I mean I mean this this is why I have to be bearish overall is that is that I just looked at the monthly right here and Like holy shit, man. Is there anything bullish about this chart? well
you got a pair of tweezers top Dilly’s right there consolidation right there and then breaking the consolidation to the downside and It’s pretty damn. I mean it’s hard It’s really hard to argue against this, you know as a technical analyst it’s hard to argue against this I’m not saying it’s gonna happen, but it’s certainly possible that we that you know, it’s Just just by traditional metrics It’s it’s really not that crazy to think that it could come all the way back down here around 1200 1300 Credit to Jen colada for always pointing that out. Although actually, do you think a little bit lower? So again, you know be be aware of these sorts of things our human brains. Our human minds have a very difficult time with interpreting, you know big ranges, but when we put into a historical perspective, you can see very easily that you know, This is you know, it’s always it’s on the table as so to say it’s on the table. Alright Okay, let me let me get back on over to the lower timeframes put back on these these nice little um these nice little trend Lines over here and maybe I’m gonna be getting a shake shaking out of this position pretty damn soon It looks like we are sewing down as this hourly. Dilli does does kind of get put into place? We got another seven seconds flat six seconds five seconds Let’s see what bit Mex is doing then like sewing a little bit harder actually, in fact, you can see right here on this red Dilley kind of rejecting This the this price section from this resistance right here is you know, I mean, it’s not huge It’s certainly not huge but it is, you know, it’s consolidation volume it is It is kind of telling us we’re not we’re not quite ready just yet Also putting us right back below that that 200 exponential right there in fact I think it’s time for me to get out of this damn position because well Well now I’ll just let it hit my stop again. I do have a stoploss about a few bucks away I’m not really interested in taking a loss on this trade I mean who is it’s say say something new crown god damn it But yeah at the end of the day it’s kind of what I’m looking at This is kind of what I’m looking at over here. All right. Okay, great It’s making sure my phone is going absolutely crazy at all hours of the day. I apologize about that Okay guys back over here to the to the good old comments Let’s see. LBX says hey crown interesting chart for et Cie on by Nance I don’t even own each see but I’m interested in in your read on it. Alright, yeah, let’s go. Check it out, man I’m not gonna look at my nose because Fuck that exchange man. Oh, sorry, it’s just I Don’t like – man, it’s not very Safa in my opinion anyways over here on on on a theorem classic on fin X we can see very clearly that yes, we’re doing some sort of a Some sort of a you know rising channel rising blood for the fuck you want to call. It doesn’t really matter to me again I don’t care what English word you used to identify this I care about the supporting resistance and it does look like we do have The right the right volume character was in the right shape of yeah, I guess would be concerned To a rising wedge in the way that it’s formulated right now. As long as we’re holding this port right here It is actually do you think it’s okay? Sixteen dollars and thirty cents in ceará to hold if I do if I were taking a trade right here and have a stop-loss Right around there like sixteen dollars and 20 cents sixteen dollars ten cents Whatever the fuck it might be and then you do have your truant at exponential coming right around here So if I was taking this trade, I’ll be looking somewhere right around here Yes, you do have resistance right here at about seventeen and a half bucks But eighteen dollars and seventy four cents about is is kind of it’s kind of the next big area of resistance as you do see That that daily 200 exponential starting to line up with this with this nice horizontal level as well again You know a theorem classic Inc I can’t get too excited about this thing until we get above this area right here until we get above 23 bucks and 32 cents and a half or whatever fucking might be Can’t get too excited about it from from a technical analysis standpoint In fact, I really can’t get too excited about this thing in general because this looks like a shit ton of distribution going on Right here a little bit of a throwback going on in this area right here then another another, you know It’s just it’s just as bullish news being thrown into the it being thrown to the gauntlet into the gauntlet in a bearish market So so while we might have a little bit of upside I want to be extremely cautious and always want to keep it keep one eye on bit cone over there if big cone stars start Start selling down. It’s like that etherium classic Well as well if bitcoin does does play out this week, you know, true the upside light like we think you know It might it looks like it’s certainly possible then Then then then then a theorem plastic likely will as well So yeah, man, that’s what I have to say about that again watch those levels because that’s kind of where I see That’s kind of where I see the the interest in that thing All right back, no over here to the to to the finnex. 15-minute guy. Sorry about this guys. I don’t want it I don’t represent myself as saying that you know, you should be trading lower timeframes I’m just kind of just kind of want to look at something on screen. Oh, sorry, but okay great All right back on over here to the comments electric. Burt says caffeine and do psychosis don’t stick your dilly and cray-cray. Oh You motherfucker. You just went there by the way guys by the way guys if your comment does disappear from visible view It’s not that I want to skip it or anything like that. I want to read everyone’s comments It’s just it’s just I can’t see it anymore So please do just add it again, and I’m happy to to get to it. All right, Derek M. What’s up, man? How you doing crowns back on the Fein? How are you? Motherfucker? I am actually I am feels good, man I feel of FGM bro but yeah, you know, it’s uh I feel like it’s just kind of necessary right now Been doing a lot of it a lot of work So I I can eat that that extra that extra little boost of um of energy over here. Eli says hey, what’s up? What’s up, Eli? How you doing, man? Hey ground, maybe maybe just showing off my inexperience here But with the bots trading Bitcoin have been advanced in 2014 as they are these days. Um, well I mean No, no because people are always getting better and better over time, right, but I can tell you that Yes, they were pretty fucking good in 2014 as well again, I was trading equity options at that time I can tell you in that realm they are extremely extremely sophisticated. In fact, they are the things that they can do would What what what would really? What would really what’s it called? What Jesus Christ I just lost my space would really would really blow your mind man Would really blow your mind at the end of the day, man. These things are These things are are programmed In part by some of the best of the best of the best programmers in the world the best of the developers In fact, I can tell you from experience that you know The what what prop shops and what big firms really want nowadays are not trade I mean they do want some traders to give like the logic but what they really want are are programmers So if you know your shit in that in that way then goddamn man good shit. All right back now over here Um, so yeah, you know again Eli, you know, everyone’s known about the Exponential’s for you know, thirty fucking years, man It’s since they were calculated by hand, you know back in the day and like the seventies or sixties So again, it’s it’s not like this is new information over here and those inputs are very, you know Very very very very very common. So that’s why I believe that they do have relevance over time And then also again man, you know when we are talking about long term price action like this right here, you know We’re not really looking at a chart of Bitcoin. We’re looking at a chart of human emotions man. This is human emotions You know, we’re right here. We’re charting fear of missing out greed exuberant irrationality and then right here We’re charting, you know fear uncertainty doubt that kind of shit so again, man, you got to be careful with that you got you got to be careful with that and And and just keep that in mind at all times. You know, I’ve found that market cycles are pretty consistent amongst any amongst most Trading sphere so to say meaning that, you know, even even in equity options and commodities and magic And Forex, you know these these things do have a lot of wait to be played out over time All right back there over here to the comments. Let’s see, uh, Derek Are you able to make it to Ottawa meet up in xx? Oh, yeah, definitely go check out DJ meet popsicles. Uh, DJ Pete particles meet up over there by the way, what’s up DJ meet? I did not Johnny. I was in Vancouver a couple weeks ago buy at Monty’s party For maximum financial opportunity, you know, what’s crazy Alfred, you know, it’s crazy man You know Alfred Alfred you’re gonna understand this and I don’t want to scare other people in here, but you know But but but I just want to speak specifically to Alfred right now I mean if you do want to listen if you’re hard lured just turn your ears away turn your eyes away and I’ll spare you this and I’ll spare you this right now, but hey, you know, we’re actually You know what Alfred, you know? It’s funny about this is that we’re actually not even in a bear market by definition over here if you look at the monthly it wouldn’t be until we start trading like below here below below well below a thousand that we actually Enter bear market territory just by definition because right here is I mean the way that you can look at this from a longer term perspective is is it’s a big Correction now, yes, the percentages are really really really really aggressive But but by definition you don’t have a bear trend until you have like a prolonged downtrend You know past past your former market cycle right here So if you really did start, you know violating this area right here which again I disagree with you man I believe that strong that strong monthly support is actually 1150 right here It’s not until you go below there that that that you would actually enter enter that that’s phase So again, I’m just kind of using these words as you know More people are gonna be comfortable with calling this as a bear turn right here But you know, if you really do pull things out and get the full, you know, 10-year perspective It’s actually it’s actually not so simple now. Is it okay back? No over here Derek M says yeah, I didn’t I didn’t even know about it or I probably would have checked it out Well fair enough speaking of tinfoil hats. It looks like the six of the month mark month market reversal is over This is Eli. Well, let’s go. Check it out, man. Let’s go check it out. So we had the 6th of July right here or sorry the 6th of July right here, which essentially did kind of put us back to the downside So I mean no Not quite yes yet we do I mean we have basically if we are gonna play out the sixth meme of the month which again I’m not sure that I do believe it do believe in it. Although it has been playing out for the last six months That uh, that that that would imply that we very likely do not get back above sixty seven fifty area Again, you know just just just be aware of that if that is gonna be if that is gonna play out But again, I you know that that sort of thing more more tinfoil hat than anything I wouldn’t really put too much weight on it overall All right back now over here to the to the comments and let’s see. DJ meet says crown I’ll paste my chart in the cave again for the one hour candles with my magic curved line again The price bounces off my magical line. All right, let’s get that lad that magical line out and flying around I’m gonna see that shit right now. DJ meat Let’s see Ok, so DJ meats. Got it right over here. I’m gonna bring it into into visual view Look at that guy’s DJ meat pop school has done it once again There there is a line and it is respecting the line. Which line is it? Well, it’s probably I’m guessing you’re talking about this one right here So yeah, man, you know, I’ve the same thing drawn in there as well and I do agree with it on the shorter timeframes So, you know fair enough fair enough I’m gonna get back over here and take this off just in case it’s just in case if anything anything anything Embarrassing pops up over that over there, but hey, thank you for sharing that. Mr. DJ meat as As as you know you I mean you are right by definition right now And I mean, I see it myself I I do agree with that I mean essentially what you’re plotting out and what essentially agrees with you as well as your Exponential’s right here. Just coming in line With that area. So whoops. There we go let me get back over here to to Phenix and get let me get back over here to the comments as There it is. All right. There we go Okay funds are to Sabu on Finance. It’s scary it it sounds extremely scary. Hey, hey bitcoin is cent. How you doing? How you doing? Rocky bitstamp data doesn’t go back to the Genesis block. The Genesis block was January 3rd 2009 Bitcoin didn’t even didn’t have a price until May 22nd 2010 but bitstamp, okay, so, okay my ok. I apologize about that Rocky I did get the I did get the the the definitions wrong right there It doesn’t go back to the Genesis block But as as soon as we actually have price data for it price history, then yes that dent then Yes, it looks like bitstamp does start to pick it up Alright, so you’re saying you’re saying the 2011 let’s let’s go verify that really quickly 2011 so we’re right over here. Yeah, you’re right. Oh, it is 2011 So yeah, it started about a year later after that but fair enough, you know still again most of the price action. Um You know represented within there and that’s kind of what I want to be having my eyes on so if so fair enough rocky as always men as always a goddamn pleasure for For for setting me straight because crown is not being thorough right now. Okay. Let’s see DJ me says beat Bitcoin pizza day woot Age of the age of the geek baby. That’s right, baby What’s up, Lando? How you how you doing? By the way Lando? How you doing man? Good talking with you earlier Krypton venture says what’s the main difference between exponential moving averages and just regular moving averages? Okay So this is a question that I get a lot and the and the very basic answer is that exponential moving averages put more weight on the recent price action and Regular moving averages are quite are quite literally just you know, just a calculation over time Whereas again Exponential’s put more weight on the recent price action So so I like to use Exponential’s I just feel like I feel more comfortable with them that’s what I you know, grew up learning grew up learning but you know again coming from my sort of background as a as a market maker and equity options when I was when I was around those sorts of fears when I was around those sorts of people the big thing that that that that that people were using over there and that I was taught and what I have the most experience in is Exponential’s all right back on over here to the to the comments and let’s see um DJ meet says crown you keep moving your lines yet? My magical line has never moved since I placed it over one and a half months ago I know it’s I know it’s got no TA to it actually back it up, but it is Harleen well fair enough, man Yeah, I mean well do I really move do I really keep on moving my lines? We do have this one right here We do have this one right here, which is kind of what I’ll be going off of but yeah, man That’s why use Exponential’s they’re gonna be they’re gonna be kind of be taking that care of that for me You can see right here that they do. They are starting to line up with your area right there And again, it just it looks like we had a little bit of accumulation going on right here and now we’re gonna see if we’re gonna Play play it out. Right right here so again You know always always be always be aware of that guys always be aware of that as as as you know your trend lines Trend lines were made to be broken. So, you know, you know, the reason why we use them is because it gives us good You know good Good historical relevance to maybe not that historical relevance. But you know good good price action relevance to kind of make good Probabilistic trades made off of them. All right, uh Okay Oh, right, okay Let’s see All right, electric bird set. Hey, what’s up electro bird. How you doing, man? Crown your thoughts on mate on mainly trading mate major trend reversals pullbacks trading range reversals and breakouts I think you know if you don’t have that much time if you don’t if you just want to make this easy for yourself and Yeah, that’s that’s really the best way to do it again You know, I kind of do that do it the same way myself actually in that You know for full disclosure again, like I stated at the beginning of this of this stream, you know I I pretty much took out about 75% of my trading of my trading account right here When I realized that we were likely reversing and not doing this this moonshot business anymore So right around here, you know, so so yes I do believe that there is the there is a lot to be said about that because at the end of the day You know trade it you can make trading easy for your cell phone or hard on yourself, and it’s already pretty fucking hard So, um, so again, man Yeah and especially like if you don’t have that much time to devote to learning the sorts of stuff or just that that much time to Devote to actually like, you know trading it trading things and managing them. Well well, then that’s that then that is kind of like that or or at least that would be my My sort of main main, you know route of attack if you will All right back now over here to the to the to the more recent price action Okay All right, Sharon says, what are we trying to see what these EMA’s? Well, we’re essentially looking at moving averages and and and the and the real relevance of EMA’s is Essentially the way that BOTS and algorithms are programmed off of and a lot of them are programmed with these sorts of things in mind Yes, of course. They do take into consideration other other elements and other data points, of course But exponential moving averages are the way that you can kind of Understand with the bots and what the algorithms are doing all there and thereby its auto and they sell are they on the sell side? Where they’re defending where they where they attacking, you know? This sorts of these sorts of things all have great relevance and over time. It really does help smooth out price action Okay, Zorin Jovic says what is your timeline are reaching that that Bitcoin bottom I hear here even summer 20 and 2019 I kind of covered that earlier, but but just to reiterate well, we would you know, okay if again, major major assumption being made here if This 4400 region was going to be the bottom then Then it would likely happen actually next month next month You know mid mid August to to early October at the latest again right around here is where I’d be looking And and we do have a lot of data points can along that area as well So so yeah, man, that’s what I’d be thinking on that However, however, if we did play out the more bare scenarios down to this area right here then now it imply, you know Late late 2018 about you know, mid-november to 2 to late December Area right around here. So yeah, you know again it’s it’s gonna depend on what we actually do right now This is obviously the first the first and most in the most convincing point to me However, it doesn’t mean that we can’t move lower and we do have things pointing lower down here and obviously the monthly as well The monthly as well would likely take if we are if we are gonna get all the way down to you know 1,100 1,200 if that did even happen then yes It would happen. Most likely next year in like the I’d like the end of the first quarter as you can see is Sometime in like late. April would make sense again. I’m not saying that’s gonna happen I’m just saying that you know if we did get there and if that was still kind of the trajectory of the market That’s where I’d be looking as always guys, you have to take the market one leg at a time and and in the way that I see this right now, is that is that you know that 4400 region has a lot of things pointing towards it 29 to 2500 also has a lot of things pointing towards it But obviously, you know one step at a time of course. So yeah, that’s what I’m looking at right now Okay back onto the current price action and let’s see what we got going on these comments over here. Okay DJ meat says Zorin if you believe that Twitter and YouTube justify the market, you’re very young into crypto. I think whoops, okay Alright, I think I think I miss some some some comments. Alright, there we are. Hey 0 1 2 8 cents Why are we gaining Schwartz off practically? No price action Well, this is what makes me think that we probably do have a little bit of upside right here We’ve been gaining a shit ton of shorts in the last Sorry a crap ton of shorts in the last in the last Oh, what is it about 10 hours? Oh god damn it now I’m about to get was shaking out in my position since ride around here at around Yesterday yesterday starting around 12 a.m. My time, which would be Right here. So a lot of people were shorting right around here Indicating that a lot of you know, a lot of these shorts are actually already underwater by a little bit They probably do have stop losses somewhere right around here. I’d imagine around 6400 So, you know always keep that in mind with that said with that said I do want to I do want to say that you Know when when people that when people do, you know put you know Put put put a lot of short UPS shorts up right out right out support It typically does lead to a nice little shake out as you know It’s it’s a lot easier to shake out shorts Over-aggressive shorter than it is to shake out over-aggressive Long’s and we are still maintaining this this sideways and perhaps.perhaps Bullish consolidation right here. So yeah, that’s one of you think about that looks like I did just get shaken out of my position Oh, no, it’s over. Goddamn it. I thought that position was gonna make me rich, but now I’m poor now I’m eating fucking noodles over here. Sorry about that. Anyways back on over here to the comments let’s see Richard Richard Perot says, oh wait, uh Sorensen’s bottom is in or sorry. DJ meat says bottom isn’t well Well, yeah, that’s right guys. We don’t need pitch elation anymore. We can just move onwards and upwards DJ me pops go here to save the day. Zoran says no, it’s not lol. Richard Perot says hey, what’s up, Richard? How you doing, man? Good to meet you. How’s it going? Mate? I know TRX is shit shit coin, but can you do some tea on it, please? Yeah, man, of course, man Of course and you know and again guys when it comes to discussing the underlying fundamentals and and charting They’re two completely different things in my in my opinion too. Sometimes they will they will reflect each other but But at the end of the day if you’re gonna be a trader you can’t care about what name is over here The name doesn’t matter all that matters in is price volume and time and the way that I look at this Is that is that Tron actually is having a little bit of a pick-me-up over here if you will and in fact if I do? Man, this is why I hate Doug. This is why I fucking hate diagonal trend lines But if I do look at it like that Then maybe we are in some sort of a falling wedge consolidation right here, and we did just break it out to the upside However, however, you can see right here. That’s your purple 200 exponential and we are we’re kind of we’re kind of struggling around it So I really can’t get too excited As long as we’re closing Dilly’s below this area right here if we can close a daily dilly above what is this? 550 then yeah, I think that we got a nice little run to this next resistance somewhere right around 600 area But until that happens until that happens, I’d be very very careful with this now I do like the by volume going on down here It shows that people are getting starting to get interested And it looks like we are kind of you know Stair stepping our way upwards and onwards so I do like that as well this you know this Doesn’t look too bad So yeah, man Yeah, again, you know your big areas is right here is what is what I’d be looking at right here As long as we’re below here, I don’t wanna get too excited about it But if we do start closing daily doles Dilly’s above there then yeah I think you got a nice little move all the way up to about 600 ish and maybe we even do reverse it I mean overall it does look like are you like is this? Okay, I mean It’s not it’s not it’s not a beautiful consolidation but it’s it’s it works I suppose but again that that purple line is going to be the big area of Your next battle. If so, so to say alright back now over here to the comments and let’s see DJ says love you crown Wish we had bee bees together Oh goddamn it how beautiful would they be GG maybe popsicle? And what would we nee them and goddamnit? Are they gonna be Bitcoin ATMs or I don’t know. I don’t know What what what kind of monstrous monstrosity I would fucking produce big sigh Rocky says when pimping my sister out to me Rocky god dammit. This is a family-friendly channel. You’re talking about pimping out your sister Was she good I’m Bad comments to make crown bad comments to make but rocky you should know this information if you’re gonna be a pimp Soren says we are in delusion delusion of phase of bubbles. Just look at Twitter and YouTube All you see is moon videos that shows we are far from the bottom. Yeah, I would agree with that I would agree with that. There’s way too much Ignorant bullishness going on right now. A lot of people have become Wyckoff effort experts recently saying that this whole face has been accumulation It’s not at all whatsoever in fact, it’s it would be it’d be quite literally suggesting the opposite if you do know your Wyckoff theory and And again, I always want to be as balanced as possible and I’m always looking for Ways to show me of upside but really the best thing I can do right now Is that is that big bowl trap of 2014? That’s the best I can come up with and you know what all the Twitter people all the YouTube people and all the fucking training few people are gonna be extremely excited by that I can Tell you that right now or I mean they probably will right, you know as everyone gets excited anytime We have a fucking $100 dildo dilly dilly then then You know, you do get that you do get you get you get those people kind of coming out the Woodworks over there Oh, let me make sure that my that my mic is working. Well, okay. Yeah, it’s it’s working over here. Great Alright and all and as always guys, please please you guys be the ones to let me know Um, you know, if anything’s not working for you over here I’m always happy to adjust things in and yeah, make it better for everyone. Of course, of course All right back on in the comments. Yeah, let’s see. Who do we got over here. Um, um, um, DJ meat says Orin if you believe that Twitter and YouTube justify the market, you’re very young into crypto I think I could be wrong. I’d be open to discussing this further with you in private. I like this private discussion Let me get in Sorensen’s please. Do you elaborate? Why you think this is the bottom? I’m guessing you’re talking to DJ meat. I believe it due to previous bottoms. We had three times well fair enough I I don’t quite see it myself. I don’t quite see myself Lol, every time we dipped under 6000 finnex printed finished Phenix printed tether Um, I don’t really know too much about that to be honest with you There are other reasons that you could argue our personal reasons just the same as I argue reasons are personal So I guess you could say that I don’t have much proof, but I already the same to you Yeah Fair enough at the end of the day man at the end the day we’re all just sharing points of view over here and it’s in it’s good for discussion to have to spent dissenting opinions when we get together as a community and discuss these sorts of Things and discuss, you know, you know, maybe maybe a fallacies with what we’re thinking or also, you know You know good things about what we’re thinking then we can all come together to gain a better understanding That’s really the benefit of being in a community like this alright, um um, let’s See nightbot telling us to drink some water drink some goddamn water guys Richard says thanks. Mate. All good. Men. All good hotdogs dem Tilly’s doh You like that hyped on crypto don’t show DJ meat says we would name our son Thor and our daughter. Hey you Know we name our daughter abortion No. Oh my god crowned bad. We’d not name her that we would name her beautiful angel angel hair Sorry, it’s not intended to offend. Okay? Oh God I love it man gotta love it. Okay Let’s see. Let’s see Okay, and by the way guys, yeah, I’m always I’m always happy to talk about dissenting opinions here as always man That’s what this that’s what this stream is for. You know, I’m gonna be wrong at times too I mean, maybe I’m wrong all the time, but I Just want to finish that sense, you know, don’t you be fucking arrogant over here? Alright, uh, let’s see patrick says what do you think of is the future of all coins? I think most of them are probably gonna die in the in the proceed not the foreseeable future But it probably in the next couple couple two or two or three years. Here’s the problem guys. Here’s the problem Is that Bitcoin Bitcoin has plenty of downside to play out if it wants to again, we’ve been talking about the you know 4400 at the very least. I mean, you know it could turn around here I mean again at you know it could be that we start closing daily doings above this area right here about 7400 if we did that then then yeah, this could be the bottom But you know it but but again there’s a lot more things pointing lower, you know again forty four hundred, you know Twenty twenty-five twenty-six hundred and then and then 1,100 1,200 And if that did happen you have to wonder to yourself. Where would these alts go? Where do they have to go? I mean always bring up this one right here good old end cash the fucking future of Bitcoin right and in cash I mean this thing has just been making new lows afternoon loaves. This is your definition of a shit coin right here At the end of the day man at the end of the day, you know There’s there’s no there’s no limit to how low these things can go It’s just like sex, you know It’s always lower than you think and in the way that I look at this is that you know I have to as I have to ask myself Okay Bitcoin if Bitcoin plays out this the this majorly bearish scenario. Where the fuck is this thing gonna go? It’s already you know, it’s already blasted through every goddamn support. It’s ever had It’s I mean zero Isn’t that far away I suppose but uh, but yeah at the end of the day You know there there is a lot of charts that look like this Let’s go. Look at another one another another former crowd favorite from front from a few months ago And nano just low after low And again, I want to take a second to talk about this as you know It’s a common fallacy that that I’ve had myself when I first came into trading that I see a lot Perpetuated a lot as well in that you think hey, it’s gone. So goddamn low. It can’t go any lower guys It’s it’s gone low enough already. There’s nothing else to it No, no, no. No. No that is 100% the wrong way to be thinking about at least in my experience That’s led to a lot of pain a lot of hurt in my experience and let me tell you why There’s a saying that we had on the floor of new exchange arca and that was that the we get weaker and the strong get stronger in something like this in most all coins that look like this are weak and when Bitcoin shows weakly weakness, they will likely get weaker and when big quiz show strength well, They barely even they barely even fucking rally with it which is which is also a sign of weakness So again, man a lot of things look like this and the one that we just previously looked at and that’s why I don’t want to be You know, you know, I’m really not looking forward to money of these things Now with that said there’s probably gonna be a handful of altcoins that are gonna be extremely successful over time Do I know what those are? No, I don’t fucking know but but I can tell you, you know, you can’t you can’t just use blanket stains statements for everything Right, of course, there’s gonna be exceptions Of course, there’s gonna be you know, you know random things that happen in this fear Of course, you always have to have an open mind. Maybe you know, it’s always possible It’s probably not probable must probably not probably it’s not probable but but it is possible, you know, someone comes along and they make something better than Bitcoin, but you know then again, It’s like Bitcoin has the most history. It has some o it has the best developers It has the most activity all this great stuff and you have to be really be wanting to yourself. Well, well all Right. Well, they got a lot of work to do. I’ll put it that way They got a lot of work to do but you always have to you always do have to keep an open mind. Okay? All right. Let’s see. Zoran says are you familiar with tawny Bay’s He is calling 1300 bottom since January. Yeah, man I am familiar with them. I don’t really tune into him too much because I fucking hate his voice. Hi guys He sees tone days and we have the td9 Here and everything is shit coin besides be it’s coin but now we go to the bottom floor now Yeah, man. He uh, he’s interesting guy. I Think I think he’s one of the few guys who’s been pretty damn bearish along with me however, I would say this, you know any tin and again, this is not this is not a Directed remark at him but in general Whenever I see someone who’s who’s talking about analysis on YouTube or Twitter or whatever fucking social venue? it might be and they don’t trade themselves or verify themselves trading then that is a Big big big big big red flag in my experience. So I just kind of want to offer that up again I’m not saying that that that at any one in particular, but you know, but you know You always do have to wonder right so again, so yeah, I am familiar with them And yeah, I do see that man I do see that is it is possible and you know, he is right, you know It’s it’s not it’s certainly not another question man, just by your traditional dilly dilly formations monthly is pretty damn clear. It’s saying, you know Usually you do come back down and revisit this area right here. So yeah, man. Yeah all right fair enough All right back, no over here to the to the lower timeframes and back over here to the comments. All right. Uh, let’s see. Let’s Uh, hey Z Rex, what’s up, man? How you doing? Mr. Z Rex good to have you back in here Check out CF CF CF. I yeah, Mon. So let’s go check it out. What is this futures again? See if I Know. Oh, sorry. That’s VF. I’m sorry about that. Can’t type. I can’t do much actually Oh, you’re is it your own ex? Is is this what you’re looking at, or do you want to look at CF I on the dollar, please? Do let me know man. I’m over here at the bottom the comments. I’m gonna guess you want to look at this one Or this does not even trade. So I’m guessing you want to look at the other one, man Maybe it’s CF 5 bcc Simply? Oh, yeah cuff found it. I think I heard about this one not too long ago It sounds sounds legit it barely fucking trait. Look at this, man This is an hourly and you have gaps every goddamn which way this thing barely trades man this thing poetry It’s it’s way too new to do any sort of Analysis on maybe the other exchange has better better price history. Let’s go over here to treks and do we yeah, we do Okay, so we can we can chart this. Yeah, this has this has enough this has enough history right here and Okay, so we what did we do over here? Ah? Wow indeed So we did have a throw over around here brought it back up then sold off right back down Jesus Christ just brutal, man Just brutal these moves on some of these all coins. They’re just so nasty so fucking nasty It does look like to me that It does look like to me that we’re actually under pretty pretty damn big pressure right here. As long as we’re below five thirty sat It looks kind of nasty to me man I mean, I’m sure people are looking at this and saying guys it’s a it’s a falling wedge consolidation and you know Let’s just kind of let’s just kind of dissect this if it’s even possible and we got this right here and this right here This this would kind of indicate that we’ve already broken out of it, but this is why I don’t like falling wedges They they they typically don’t do what you think. They’re gonna do They kind of get sold into a lot of the time is what I’m trying to say and and right here, you know it’s you know, you’re already coming in to pressure after this after this break right here being held right at your former resistance and Not even getting past 455 exponential which is pretty damn weak so again it, you know, you know, I see resistance right here at about 5:30 then right here at about 569 and then right here at about you know, 630 ish And and if you if you could start closing Gilley’s above 6:00, 6:30, 6:40 ish, whatever That might be then yeah, you might have a little bit of a run to be put in it See the next big reasons come in somewhere right around here. It looks like somewhere right around which would be a nice risk/reward Try to be taking but you know again, I don’t like how it’s acting right here man. It’s uh It’s it’s certainly weak when other things have been, you know, getting a little bit of attention recently It has not been receiving the same sort of the same sort of attention. So that’s typically not the best son All right back onto the comments over here. Let’s see Kluber stylus is sup man. Eh, what’s up clubber Sal using 20 50 100 and 200. Yeah, pretty much man, pretty much Pretty much man, I’d you know Sometimes, you know, I switch them to the Phibbs essentially, you know, you’re 21 You’re 55 and then the 100 the 200 sometimes I use a 144 Sometimes he uses 377 sometimes I’ll use you know some lower ones I use all different sorts of strategies. But when I am doing streaming, yeah, typically typically those are my default inputs All right. DJ meat says read the finished Shak round get the mermaid. Where is it man? I can’t see it It’s it’s it’s disappeared from my from my visual view and unfortunately the mermaid is that work right now She’s not here right now unfortunately, yes, otherwise, otherwise You’d be hearing a saying all sorts of Finnish B twos and saunas and whatever fuck else They have the Finnish people have the funniest sayings by the way guys. They always say Satan’s cunt It’s like there is like their swear word of choice when something goes wrong. It’s like And then they’ll say like your face looks like an elephant’s cunt It’s like whoa that’s aggressive man. And I do pods about the language, but god damn it man. Go to Finland It’s a good time. All right, let’s see Zoran says 90% of Bitcoin trading volume isn’t teather. Why is that whereas USD on exchanges? Well, you know you I mean your exchange is with us Ian tether They I mean they’re pretty they’re pretty synonymous in general man You know you you compare like bit for next to something that trades in dollars like G Dax and I mean, yes, of course But BitFenix does a lot more but they you know They’re comparable in a way same thing with bitstamp the same thing with Mex, you know It’s I wouldn’t worry about that too much man at the end of the day I really don’t you know, I mean It’s it’s just I don’t think it’s one of those things worth worrying about too much to be honest with you Jeannot Jeannot Dahl says hey. Hello first time here from Melbourne, Australia Well, goddammit, man welcome and I want to personally welcome you to this channel and say what’s up Gino. Nice to meet you, man We do these live streams every day. So So and and please do you know, please do understand. This is an open discussion open conversation. So say anything and everything All right. Have you heard of benka? They have no competitor. Can you can you give your opinion please? Probably shit coin it sound. It’s I’ve absolutely I’ve never heard of it in my life. I have absolutely no idea about it I don’t know if you’re if you’re new into this realm or not, or if you’ve done your research, but but let’s see let’s see if we can bring up the chart if it’s not even on trading view, I’d say it’s probably Yeah, it’s it looks like it’s not even on trading view unless fits a stock like please do let me know if this is a stock or if this is a or if this is a cryptocurrency But if it is cryptocurrency, probably a scam probably probably garbage if it is a stock. Well, then we can look at it But yeah, man, you know in general my default answered with these things and please do not take this personally It’s not an aside at you at all. You’re probably you’re probably a great person I in fact, I know you’re a great person because you’re fucking here, but but with that said man with that said Most altcoins most most of anything not named Bitcoin save for maybe a handful of things are our scam So, you know, I’m maybe not a scam but you know, they’re just they’re never gonna be successful they have absolutely no fucking way of doing whatever whatever they claim and you can you can basically You know write them off as as one of the dot-coms that failed, you know back in early 2000s. Alright back on over here Let’s see. DJ meat says USD is a bigger Scam than us e you do a CT in my opinion fair enough man fair enough, you know USD I mean us CT and there isn’t really said about that You know the dollar versus tether they can you can both print them at will and they both get printed at will so fair enough Patrick says that’s that’s why I always have stop losses Yeah, and Dean man, indeed, you know guys if you know I I actually if you’re not familiar with who I am or what I do I actually do do this actually do do I actually do this as as a living this is you know, this is my my life essentially and And I don’t consider myself a traitor. I consider myself a risk manager at the mo of Everything else and as a risk manager I’m always thinking about what I can lose with the trade as well as what I can make, you know Good risk reward is the name of the game Zorin says why are we talking about USD USD T is being printed for free. Well USD kind of is two men Derek Eminem says to do tone Vaes you got to push guys Goddammit, I’m gonna get into another another World War three discussion crypto Yeni says man the F words so much have to home scrubbed. Well fair enough. I apologize if it’s not for you There is more family friendly friendly presenters on this channel, so please do not take that as as a representation of this channel and in fact It might even be that I’m not any ever here ever again after that fair enough yet II apologize about that But again, you know, I hope that we are that we are all adults here and more importantly I want everyone to hear to know that whenever I do use, you know, foul language So to say it’s never intended to be hurtful or harmful in any way It’s just my way of expressing myself because I’m a little bit, you know lazy with using sophisticated words So sometimes I’ll just grab the first word that comes to my mind and typically is fuck. So yeah, alright. Uh, let’s see Okay, a zero one shoelaces can’t go lower than the floor if fair enough, man. Crypto Yanni, maybe you should try to wait Teletubbies is great channels. Just kidding DV B&N our DVD BNN says Sauron just like the USD is yeah There’s some be said about them and there’s some be said about a cinco. What’s up, man? Long time. No, see, how you doing Mr. Cinco, how is power looking? Okay, but let’s go check it out now there Another favorite shit cone of the past and let’s go. Let’s go see how it’s doing. How you doing? Mr. Power Ledger I remember when Superman was big on this one Superman Guys, this is Paul static motherfucker Yeah over here power ledger Pal ledger looking like we do have some sort of a falling wedge following channel by the fuck you want to call type consolidation typically a bullish bullish continuation pattern in fact You could say something like this and this is why I don’t like following wedges because you typically do morph into something like this But you did have an initial one being put in right here You can see you break out of it right here come back and test it pretty you know Pretty a pretty common thing and then blast bought back on and back up Overall at the end of the day though, you know It’s just it’s just marcin to like a bigger one If you ever if you’re ever if you’re under if oh my god crown if you’re ever wondering why why I typically am I am skeptical about you know, diagonal trend lines because of this and and that’s what essentially You know flowing wedges and any sort of diagonal Type formation is is that they just morph into like a bigger version of it and just you know It’s it’s is it really that helpful well in a way? Yes, but at the same time it’s not how I want to be basing my decisions off of So again, yeah, you know you do out sort of the more important part of what you’re probably interested in is right here We are we are trading above this resistance right here. I want to see this daily dilly close above this area above Let’s call it 4600. Yeah, 4600 even would be good to me If we can do that then yes Your next big resistance is right around here the your net your next diagonal essentially right around 5400 if you can break above 5400 then maybe you do have another big breakout again You know 6400 wouldn’t be too hard to hold after that. But again major major major major major major major point being made here I don’t want to see this thing, you know close any dillies up below 4,600 If it does that then this thing will you know, it just won’t look as good It’ll look kind of like a failed breakout in a way. So yeah back onto the hey god, dammit Let me just uh, how’d I do that? Oh Man, I just completely fucked up all my symbols. Oh, well, I’m gonna have to fix that later then Oh goddammit Sorry about that guys. I do apologize about that It probably annoys me more than it should but uh, but yeah Just trying to make sure that everything is all nice and orderly over here as I do maneuver it around So just give me one second. Do you apologies about this? Let me just make sure that okay fin ax is right there as a stamp. Nope. This is stamp. Alright, there we go Alright now I got it. Okay, that that’s good enough for me. All right back no over here and back over here to the comments Okay, okay. Um All right. I see poor Hodler says did we have a rejection on the weekly fractal low formed on November 20 17th? I’ve absolutely no idea what you’re talking about. Um okay, uh Alright, so, okay. Did we did we have a rejection of the weekly fractal low formed on November 2017? I’m not sure what you’re referring to but I you know If you’re going with this If you’re going this way that that I kind of think you might be then I’d say no in fact in fact What we have right here is is kind of a continuation of what we saw in 2014 of the former of the former market cycle Essentially we have this major cross being put in right here This is your 100 exponential cross into the down side of your purple line your 200 exponential right there again A moniker and and a signal of what the Boston algorithms are likely doing again. It’s not some sort of fucking magical mythical adventure it’s about it’s about understanding what the bigger accounts are programmed off of and this very clearly tells us that they’re Intensifying their selling as you can see right here. We have a big dump in price action Consolidate pump back to your yellow 21 dump back down a little bit lower pump back up above your yellow 21 reach for that green 55 pump or dump back down and are playing right back back here again. Now keep in mind This is within the context of a rising Channel Bear Flag. Okay now why is this relevant? Why’s why should I even talk about this at all? Well right over here We have the only other time that this cross has ever happened in bitcoins almost ten-year history We’re going on right here your your your your cyan going to the downside of your purple again a moniker of the bots and In the algorithms programming and we have a very similar price action We have dump consolidate pump back up to your yellow 21 dump back down a little bit lower. It’s more aggressive in 2014 given given that and we pump back up above your yellow 21 reef for that green 55 jump back down find your secondary low your local low near the near the body of your former low and then pump back up to putting the bull trap of death before we Sell on back down very aggressively to our all-time low right here or of that market cycle. I should say so and also keep in mind, you know, we we did put in a Bear flag, you know rising channel consolidation right here as well So even though it was a bull trap and it did look, you know pretty aggressive right here We never got out of this formation actually, so that is a little bit a little bit concerning indeed. So again, Have we rejected have we rejected? Do you know who’s playing this out? Actually? No, I’d say that we’ve were actually kind of Were we are scarily still following it pretty damn close and again historical analysis is not a one-to-one thing I don’t want to make it sound like that because it is not and that’s extremely misleading with other analysts do that what I do want to be clear about is the way that these these these oscillators in the way that these these indicators and exponential is kind of interact with each other or something that can play out very very similarly over time because again, It goes back to programming and the way that you know, BOTS and and algorithms You know just handle this sort of this sort of information On top of that, you know human human emotions as always guys it always comes back down to human emotions, which we’ve been kind of anatomically programmed with ever since we became homeless AP or anatomically modern Homo sapiens so again that’s you know hundreds of thousands or millions of Or whatever the fuck of conditioning which goes all the way back to your goddamn lizard brain So it’s pretty damn hard to get out of it. Unless you’re some sort of monk in over there in China But yeah, man, that’s kind of why’d you say that you know these marking cycles? Do you have a way of playing themselves out over time? At the end of the day at the end of the day guys You know, I’ve noticed these sorts of marks have great confluence with each other over time whether it’s you know equity options Which is where I come from whether it’s commodities, whatever it’s forex whether it’s magic Internet money human emotions do rule the day at the end of the at the end of the At the event at the end the conversation. All right. Sorry about that guys I’m just getting back to the comments over here again. If I do miss your comment, it’s not deliberate. I’m happy to read it Just just please repost it as soon as it does Disappear from visual view I can no longer. I can no longer access it. All right back onto the comments Lando says be sure to subdue both of us Yeah, man, of course, of course, I do appreciate that as always guys hopped on crypto is a great scene I love being associated with them. And and yeah, it’s it’s it they have some other great content providers over here as well Gino says ta on kin. All right, that sounds like command, but we can do that Okay TI on Kin Kin BTC. Let’s see. Okay. It’s not even coming up right here So I’m gonna guess that it’s a complete shit coin. No, I mean I do apologize for using that word over there But yeah, it’s not even it’s not even hosted on trading view unfortunately, so I can’t really look at it, you know And if I did look it down some on some other venue like coin mark. Koep it’s just not responsible I’m kind of like flying blind at that moment in time. So I hope that you do understand It’s just it’s for the best I don’t look at it as it’s not hosted on our on our trusted platform over here DVD says Zoran if you love you se so much. Why are you here? Do you know why people invest in gold? if you bought one dollar Bitcoin and now go and sold it now that one dollar is worth one one dollar and Fifty percent what I’m not sure about that more than 100. Yeah. It’s it’s it’s it’s worth more than oh, okay. Gotcha one percent and a half More than one one dollar fall I mean, we don’t have to we don’t have to fight against which which one’s a bigger shit coin right now Let’s see rocky says Rhino watch crown show when when I was on it. Yeah, definitely guys definitely um
If you are interested in the in the underlying fundamentals rocky rocky plump over here under the name Bitcoin innocent who he trades by Was on was on my personal channel, and I hope that this is okay that we talk about this here But he essentially went I did a full on fucking masters course on on you know All these all quote not all these all coins but but essentially like the underlying technology going below these things and he can really he really has a gift in explaining these sorts of things to people like me who Don’t understand and don’t have like a programming developing background and it really does put things into perspective for us As to why Bitcoin has such a major advantage in this realm Okay, leet run says bit late for the stream. What’s up? Leave Ron how you do a man didn’t notice you stream on a second channel. What do you think about long at? 6350 wish you a nice day. Mate g-g-gee are glgl. Thanks, man I appreciate that actually was just in a little bit of a long. What do I think about it now? So so here’s the thing. I’m always thinking about Where would I be managing risk if I did enter right here right now, and if I did enter right here right now? Well the place that makes most sense is right here if I am looking for like a short-term trade So I’d be managed my risk and about, you know 63/45 so it is is that acceptable risk reward for you? Well, you know, it’s it’s only like five bucks away if you enter at sixty three fifty, so I mean not bad not terrible It’s definitely uh, it’s it’s definitely you know, one of those it’s definitely reduced risk trades. So I like that But you know there there is nothing saying that we can’t go lower. I mean in fact in fact we’ve been kind of sitting this consolidation ridden for quite some time and you do you do want to start to see it show some signs of a building momentum to the upside until that happens I think you know, I’d rather be just trading the bit the breakout right here rather than rather than looking for You know trying trying to just find a support just now I did take a trade earlier right around here but then I got out of it as just didn’t really like what I was doing and and honestly at the end of the day Man, I’m on you know, I’m on live stream right here. So I got to be a little bit careful okay, uh Stay hydrated bought everyone drinks some goddamn water. Let me let me drink some myself actually Oh That’s good good old h0. It’s good for you. Okay? All right. Um, let’s see Okay. Sorry just uh Where’s Mitch 18-minute? Well, uh, I don’t know I don’t even know I fucky pon hearing about this Mitch guy And I’ve never even seen in my life where Matt or no Mitch. Where are you? I believe he has left to do his own thing. Oh, well fair enough. There you go He’s over on Matt Beasley’s channel channel. Now, you can search it in the search bar. Well, there you go Hey, Lando himself has confirmed him. GJ meat popsicle says Wow as Wow as he is he stole on youtube-land. Oh, thanks, Jeannot. Jeannot says t-rex. Yeah, we can go look at t-rex, really? Actually, we actually already did look at t-rex, but you know, we’re looking at one more time just for you baby just for you Okay T-rex on on trucks over here and are actually no no. No. Sorry. We need to look at it by now They actually do have the most History on this one and we already have it charted out there as well and the way that I look at t-rex Is that you know, maybe we did put in a falling wedge consolidation coming off of here again, I really don’t like trading wedges But we did if we are we did take it out right here on good volume I do like that But we are still being held by this resistance right here your purple 200 and this horizontal level which really should be more like this Right around 550. So as long as we’re living below 550, um, I can’t get too excited about it in fact Even if we took out 550 I can’t I still can’t get too excited about it As you do have resistance pretty much all the way upwards and onwards here Your next area would be 600 but you know, that’s that’s a good little short-term trade if it does play out Above there, you know you do have this this horizontal level right here So yeah, something like this overall, but but but yeah, but at the end of the day, you know I’m always watching what bitcoins doing it if Bitcoin takes a step up to your ex likely will as well it quite in Texas step Down. Well, the true TRX probably goes a little lower as well So again, that’s kind of what I’m looking at over there TRX must hold this area right here if it does lose 500 Satoshi then this thing is Well the next the next big sport under that under 500 is 420 and below. That is about 330 So just be aware of that, you know always be aware of your risk But yeah, it does look like it might be turning the corner over here Lower timeframes do look like are are showing a little bit of upside perhaps as well Okay back on in the comments over here. Let’s see. Lana says, yep, definitely stick around crowns breath of fresh air. IMHO Well, thank you, man. I do appreciate that. Sometimes sometimes I can rub people the wrong way. I do understand that again guys So I always want to be very very vocally vocally clear with this that That none of my language none of my you know Behaviors are intended to be offensive to anyone in particular unless if you know unless you’re just being a fucking dick Boyle Well at which point I mean, what’s even the point of being a dick Beck’s just like, all right All right, regale me in the comments again, it’s good. It’s good for my health. I’m like Batman I can take it Will soon will seduce you soon enough DJ Patrick says where is the best place to learn how to manage risk? I Probably I approach didn’t talk about it here. But but but but hyped on crypto does have their own technical analysis program I’m not really I don’t really think that I’m or I’ll just leave it at that Yeah, they they I believe that there is a link in the description of this video, please Do you know check it out if it’s for you, it’s for you then but you know as always You know that There’s always other resources around if you do search around but uh, but yeah I think they probably have a great a great little system going on. All right, this is crown He’s got a channel cards called crown scripture cave we will get you a link. Okay? Thanks. Yeah, man. There you go. All right. Um Yeah, there you go. Lando’s gotcha. Mr. Patrick. Lando’s gotcha. The good ol triage. Yeah. There you go Some some good risk management again guys risk management is what can really separate you from being, you know, like an amateur You know trader to someone who can do this as a living and be consistent long-term as again I do not consider myself a trader. I’m a risk manager is what I really am I’m always thinking about what I can lose on a trade rather than what I can um Rather than what I can gain I’m a DJ meat says I’m Lando I’m already seduced just getting sick of YouTube not sending notifications about this channel. Alley trend says awesome made. Thanks for your ideas. Amen No, my pleasure, man, my pleasure Lando I can’t get get the link. It’s truly. It’s truly vexing indeed. You gotta love Lando man such a good such a good communicator Lando that wink that that link works. Thanks. All right, great. We got that settled good great. Awesome, beautiful Can we says hey crown you feeling sad TV. What’s happened today? I’m feeling very sad for today. I got a good night’s sleep I finally got myself a fucking fan It’s it’s so neat a man. I never thought I’d need some sort of like fan or air can do in Finland But it’s like 80 degrees here right now man. Trump’s visiting by the way, so Um, I probably will never see my mom in my life But but my god Trump and Putin are like a few blocks away from me right now as I speak What’s going down in that room? Nobody knows but a goddammit. I want to know let’s see Okay, he’s gone. He’s back all good Okay, um sub. Thanks. Hey, thanks man. I appreciate that. Hello my friend my favorite beat bit corny You gotta love it, man DJ meet popsicle is sexually identified as a Bitcoin ATM if you do if you are Interested or if you are a Bitcoin ATM yourself of any sort of gender or any sort of gender pronoun Please do hit my man up or my Bitcoin ATM up mister. DJ me pop school He’s a great or it is a great ATM and ATM does not stand for what you think it does bad Silly so silly. Alright so back now over here. We’re still tighten up this range again a little bit of a consolidation here You are getting some nice crosses on your lower timeframes on your Exponential’s. So I do like that. I want to see now though I want to see the boss defend this and and confirm it and this will likely be confirmed in my mind if we start closing Jilly’s above 60 375 ish area if we can do that on an hourly timeframe I think that we do have some upside here again, if we do break out of this area right here very clearly Let’s just put it down right here make do this on the alley above 60. Let’s call 63 90 or no 63 80 Then yeah, there’s really not much stopping us from 63 us 60 area which is actually where I’m gonna be having my next order and I’ll be looking for a scalp short over there And be looking for a little bit of a scalp short something like this About let’s let’s do like 50,000 contracts selling short right around there So I’m gonna be on the off side and and again, I’m just looking at this area right here I have a nice horizontal resistance. So that’s kind of what I’m going off of Let’s put on our volume profile and see if that that that agrees with anything and it does So this is what I’m looking at over here our volume profile does does suggest that if we do start breaking above this area? Right here, you know good confluence with this horizontal area. There’s really not much stopping us to this next area right here about 6570 Ash area on Phenix, which is a little bit lower on max if you’re wondering where I’m getting that number from so yeah, man Z Rex says if you click minus symbol by Bitcoin dollar it will it will hide some shit? Yeah. Yeah. I’m aware man I Don’t want to fucking fuck around with I don’t want to fuck around with it too much as there is like a very special way You have to set up these the these charts over here, so that it you know, it makes sense on screen Unfortunately, it’s it’s a pain in the ass whenever I switch anything around so so so so yes, unfortunately I can’t do that at the current moment in time, but I’m just kind of moving around I’m gonna go check out some other all trite now as as you know It’s always a good idea to understand what mister beuter all’s doing over here. And mr Buda role actually does look like he’s put in some good accumulation below this level right here So again, I agreed that bitcoins shown the same thing, you know accumulation below that 60 250 of Sharia And in butor all did take off on this area right here buta rolls. Next resistance is right around here around 462 463 actually, yeah, we’ll call it 463 But again, you know in the overall grand scheme of things. Is it really doing anything different? Well, not really not not really actually In fact, we have we have a we have a major bear flag, right a, you know rising channel right here as well So again, you know beuter roll and and Bitcoin in in unison in a way which is what I do like to see I do like confluence between these two as When they do start to line up with each other you do have a high degree of playing out a very similar formation So yeah, man at the end of the day as long you know, the bigger picture for beuter all is that is is as long as it’s above 371 you can interpret this as as Consolidation, but let’s just kind of pull this out of here. But but if it does lose this 370 area or the this 370 Support area over here then. Yes, this thing has a long way to go down Unfortunately, or fortunately if you are short Alright so back no over here to the to the cone and back over here to the comments. Okay Let’s see, um Sorry about that. Uh Crown, you’re lagging all that for oh you motherfucker. DJ me bald school You know what I phone for that before I fund for that before sadly enough Yeah, ah so mean so mean Again, we says feeling more bullish all its in green and too many shorts Guess all it’s showing the I did you look at at the end yet. Yeah I’m let’s go look at the yen And by the way, I do I do think that we have some upside here most more than likely Let’s go check out what Japan thinks Japan has been a Japan has been lied in the dark So to say and Japan looks a lot more like a bullish Consolidation right here this if you want to call an ascending triangle, you can call an ascending triangle I don’t care what you call it But the most important part here is that you know you you’ve identified it properly in the right way to identify this formation right here is Is we have resistance or come in come in rise and around here and and resistance coming right around here? And if we do break above this area right here 715 716 thousand yen then yes You know same same thing as American markets or very very very very very similar lead to American market So it’s not much stopping us from this area right here again We had good accumulation going on below this area right here. 700 5,000 yen And now we’re just kind of pointing that out Over although I want to see this level confirmed above until I get you know A little bit excited about a trade, but you know you are right We had way too many shorts go up right near major support a lot of people thrown up shorts right here and right here price action was Was what was right around here, I believe or somewhere right around here So these people are already underwater and they probably have stop losses right here at about 6400 so if we do start trading above 6400 it’s very likely that a lot of people are gonna start closing these positions and And well when the short closes a position, well, they have to buy so yeah, man, I do agree with that All right back on over here to the comments. Let’s see Peep and Q or ES features. Alright, let’s go. Check it out and Q. Whoops. That’s BQ Burger King. It’s a good one BQ futures and let’s see which which one do you want? I’m guessing you want on New York merger tile. So let’s go check out this one right here, man You love the futures game, don’t you? Oh, man, these things barely trade. Look at this This is a fucking daily man, and barely trades barely trades gaps everywhere We have to go to the weekly and you actually do have something interesting on the weekly You do have a you have good accumulation going on down here. You actually do have an inverted head and shoulders right here Let’s see where the measure move does pop us out at because this does look right. So to say this does look right We don’t we can’t see volume metrics here. So that’s a little bit throwing me off But it if this were to play out It doesn’t fly and move somewhere right around here around 86 bucks and 62 cents Just this horizontal area right here, which does you know, it looks looks like a little bit of a little bit of historical relevance now Now here it comes with this caveat. I want to see it hold above this area right here As long as it’s holding above 67 69 dollars and and 75 cents I think it’s I think overall it’s it’s it’s on the up and up But but but yeah That’s what the copy out that we must hold about this area right here 69 bucks and about 75 or 60 cents, um like that Let’s see. Yeah overall. I mean man, this really throws me off with the daily Just just looking like this this this thing does one trade a day. I’d be interested in seeing the volume on that maybe I’m looking at the wrong thing as That would be that’s just a headache man Okay, and also es yeah we can go look at es as well You always got some good comments. Mr. D Rex. It’s always a pleasure going back and forth with you. So well, sorry What was it? Yes, was it? Yes, let me just make sure Yeah es futures, okay And whoops got to get back in over here, and we got some futures. So you’re talking about the e-mini Let’s yeah, let’s go to the e-mini. This thing actually does trade so that’s good. Yeah See, this is a 30-minute on your emini sup compared to the daily on the other one that we just looked at So the other one just barely even trades Your daily over here. I think it looks good, man I think anyone’s who’s short? You know regular markets right now legacy Marcus as we call them is very very very very very misguided There’s nothing bearish about this right now. Nothing bearish at all and I’m sure people are pulling it out and they’re saying crown crown but look you can just apply you can just apply the the market psychology Chart to this. Yeah, it’s like yes, no shit You can apply that to every fucking run-up ever in the history of mankind You have to look at these from a greater perspective and understand what a market shifting move Looks like you can’t just blindly, you know, blindly apply something like that and say oh it’s going down We’ve already gone up too much. You know, it’s no no no No, that’s a very very very very very naive way to look at it In fact, I’d say this thing is a hinting at a breakout right now In fact, you actually did kind of just already breakout. We do have resistance right around here 2875 your former high, you know, just your traditional swing high But overall I would like to see more volume on this breakout right here This is this is less than convincing on the volume metrics But but overall, you know, there’s there’s definitely more positive signs and negative signs and more importantly man You can’t you can’t be bearish on this thing at all whatsoever until we start closing Gilley’s below this area right here below 26:35 we can do that then Yeah, it’s time to it’s time to not be so goddamn bullish But but in the immediate term time futures looks good to me, man And I really think that people who are you know? It’s saying that we’re gonna crash in the in that sort of realm are very very very very very misguided at the current moment in time and Yeah, there you go. All right back on in the comments over here and Let’s see. Let’s see Do it do it please do it god damnit DJ me pops : lol the good old auto Ford reload On afford to receive gold that’s right guys alt f4 to gain 5% happiness in your life Watch me just pull out my hair as my computer shuts down element LEM. Oh, I tried gold and silver. Yeah What is what what tickers do you want? Do you want to look at four for gold and silver? I’m guessing x AG and XA you But I’m actually used to I actually used to make markets and equity options for for GLD your gold ETF over there So so so I am kind of well-versed in different In in different underlines for that one as I are several, right? Poor Hodler says what are your thoughts on a theorem Bitcoin? Okay. Let’s go check out the a theorem bit cone The the etherion bit cone, uh-oh. Sorry about that. You said NQ, not BQ. I apologize about that. But but let’s go Look at this just really quickly. Okay, so if you’re in Bitcoin over here, um, Looking good, man, a nice little short-term breakout right here above it above this area right here We could actually raise this up to your 200 exponential which I do like You can see that this former this form of support is turning into resistance as we go along here But again, you know, I’m not I’m not too concerned about just yet. You did to get you to get this breakout right here So again, as long as we’re living above 709 or just set our set our seven one zero Satoshi I I think that it’s okay actually in fact I’d be looking a little bit higher We are showing some signs of a buckin this trend Although we do have divergence on our also it is so our officers are saying that this move is getting a little bit overextended here But I would imagine that we probably do have We do have another move in this one left and and I’m not saying that based off of you know Anything crazy or anything like that experience over here, and I know that that’s probably not the best explanation for something You know, I’m sure people would be looking at this and saying hey, we got a rising channel right here and you know You’re right you are right. The blonde cares would be wrong for this But I do think that you know, your next big resistance would be right around here around 723 and a half-ish something like that right around here this purple line But yeah, you are getting some divergence on your oscillators and That’s typically a sign that the move is losing momentum and could could be reversing soon Speaking of I’m gonna go back over here at a bit cone. And let’s see what we got going on over here It’s still just consolidating a little bit again at the end of the day any time that we look at an all cone you have To just realize you know, whatever Bitcoin does all coins are gonna you know amplify whether it’s up or down. All right Um, okay n Q naught B Q. Sorry about that man. Sorry about that C Rex All right, n Q and Q futures over here EQ, okay Yeah, emini futures Scott Jim and on the nads and what do we got going on over here? Wow, these look wait, man. These looks significantly more bullish than Than the Than the other ones that we just looked at over you Oops, it’s not what I want to do. Let’s let’s put this on right here You did just get a breakout right here You you do have you do have a lot of divergence on your oscillators over here But this this isn’t that’s actually not the right way to look at your oscillators. The Or or sorry expecting reversal is not the right way to interpret your oscillators in this sort of market cycle right here This is just extremely bullish in the way that I look at it You know you you had your divergence play out actually right here Is where you had it play out Then you came back down to your neutral zone on the RSI and then pump back up getting a breakout in the process So that’s actually quite quite quite Strong in my opinion and in ass and as long as we’re living above this area right here As long as we’re learning above, you know, 70 100 this thing looks extremely good to me extremely good actually So again, we’re back to using our exponential has support for our for RSI over here So again, man a my butt and my bearish on this no as long as it above here I mean you can’t be fucking bear something I mean you came and get you can’t you can’t get bearish on this thing until we start closing weekly dillies below here below below 60 380 ish, you know, they’re there you might actually have something but right now you just got a major break out man You just got a great major breakout after resetting that RSI That’s the way that I look at it in a bull market cycle when you come back to the neutral zone in your RSI That’s you you actually probably have a good trade on your hands more more often than not Okay back on in the comments over here. I would not trade that crap, you know better Yeah, I do know I was like man t-rex what the fuck but but yeah all good man. All good. Don’t worry I’m not gonna judge you. Anyways, even if you do want to look at a shit cone I’ll still look at it for you, but but but but but uh, but nice men Alright, so back over here at crown new chart in the cave. Okay, let’s go check it out Let’s go see what DJ me pops was brought up for us. Oh This is a very good shot guys. This is this is a very highly sophisticated chart. Look at this one guys. This is your Roger Vera’s gonna be mad about this one. I Mean do I believe that is gonna happen? No III don’t but um, but yeah and also, uh, Please do keep in mind that that bit next does not have that much price history going on over there Let’s put I’m gonna put this back over here. I do like that chart but god, damn it. Do I agree with it? I’m not I’m not quite sure about this. Let’s go look at some. Hope iam though I want to look at some hope iam for you for everyone here as As this has been kind of spewed about by the by the pair bulk tribes of the world In fact pair ball travels needs to be on my couch. God damnit. I’ve completely Neglected him, but everyone’s been been look been pointing towards the been poor Sorry about that. This guy’s it’s embarrassing when I when I stutter all the goddamn time But but everyone’s been looking at the the the quarterly. Hope iam charred over here Which is which we just printed and inverted hammer daily over here We’re gonna be reversing and going on back to all-time highs 50,000 and above in no time guys. Well not so fast not so fast This is not your inverted hammer dilly that you’re looking for like up from a picture-perfect Standpoint and to that to that point first things first. You don’t have that much volume on it This is why I don’t like it too much already in second things second You don’t have any sort of reversal dilly information at all whatsoever on tell and this goes for just about anything Until you see follow-through and you don’t have fall through until you try to bug the high of this doily right here Which is coming in around 99 48 and 98 cents on bitstamp. So until we actually take out that high Well, you actually do not have a reversal in place and this is just you know, it’s just another dilly and in In in the midst of things so so yeah, I think that that’s extremely misleading when you got people like parabolic trav saying huddle We’re going back to 50,000 or go. We’re going to 50,000 maybe Because it’s not it’s not quite what the that that’s not what this is suggesting just yet in fact, it’s not suggesting anything like that at all and All suggesting is some severe divergence going on. Well, it’s not really divergence. Not really We did just cross back down in her stoke over there. So fair enough, you know keep that in mind All right back onto the lower timeframes over here as I put back on these These trend lines over here. Let me go. Let me go over here to two Mex You know what? I’m gonna do another silly trade right here. I’m gonna put in an order for 50 55 bucks and And this is what I’ll be doing right here. I’ll do 40,000 contracts off or bid out of 55 bucks right here. Whoops What’s going on? Oh, wait, that’s what I’m sorry good thing they have fat-finger protection over here. So yeah, uh, 6355 right there 40,000 contracts offered more importantly though more importantly upside. That’s my Polonius I’d like a shit coin account on Polonius which I which I loaded up with like less than a Bitcoin There you go. If you ever want to look at it And I’m like losing money in there right now and Jesus Christ grown so over here More importantly, where would I be managing risk at? Well, I’m gonna be going off of this yellow this yellow 21 exponential right here So if we do start closing a 30 minute dilly below this Below about $50 and I’ll take this trade off So it’s about $5 risk on this trade and oh, it’s actually sorry. I need to get over here to make Oh, yeah, we are MX. Okay, great So so if we do if we do close to 30 minute daily blow this area then yeah get out of this trade But I do like these crosses on your Exponential’s getting over here If we do if we do see this take off I’d like this trade man. I really do so yeah, that’s what I’m looking out over here again, 55 dollar bid and You know what we can just well, can I move it up? Yeah, let’s let’s move it up Just just a smidge over here. All right, and let me get back on in these comments Good good charting over there. Mr. DJ meet. Hey, Christina black. What the fuck is up? How you doing? Christina black pleasure arriving here the queen of all coins and Let’s see Rocky says the theorem is such a stream a steaming pile of crap try starting Try starting up a new node there blockchain is already is already so big the node will never sink Thanks to you very important projects like crypto kitties Yeah, man at the end of the day by the way guys if you’re not familiar with Bitcoin ascent that is rocky Palumbo a goddamn Bitcoin legend an expert in actually understanding the underlying technology and You know Fundamentally that is pretty much what I hear from a lot of the people that that do understand their things or do you understand their? Shit, so just sort of say within the programming and developing world As for myself, you know, I’m just gonna be parroting with those people You know what those people say, but I’ve done my research and those people so I’ll trust them. It’s typically what I’ll say Hey, there we go. I’m filled. Alright, so more importantly now we got to go set up How do I get out of this trade if it goes against me? Well again below here I
mean really below here about 46 bucks is where I need to get out of it as as thus no longer a good idea and I’m just gonna put in a stop limit at uh let’s let’s do forty forty five point five and I’ll do forty six right here and Just pray to God that it doesn’t get that. It doesn’t hit me down at um While on stream over here. Oh and look at that. I could have got filled out, uh at 45 55 bucks. God, dammit I’m splitting hairs on this But again, this is uh, the this is why you know, you know It got to be a little bit more careful on stream And again, this is kind of more like a boredom trade You know, I just you know, I see very little risk in this trade as you know It’s only about ten dollars down until I take this position off and at the same time, you know I do feel like we might be gearing up for a break here So I’ll take that I’ll take that five dollars risk for you know I’m looking for about two hundred bucks right here two hundred bucks all the way to sixty-five sixty-five fifty or sherry I’m because what I’m thinking all right back no over here to the comments. Let’s see Where what? What did I charge my magic line? No, DJ me pops go. I just showed you I just showed your high highly sophisticated chart over here on the over here on the stream. And now you haven’t even seen it. Why? How dare you? Okay back onto the comments over here Don’t forget crip crypto titties. That’s what we need on. That’s what we need on the blockchain guys proof of Can I say this peop? proof of womanhood Proof of ladyboy What did I draw them a magic line rocky says Ryan L Like Korn will probably be a smaller and smaller fraction of Bitcoin as time goes on Yeah, and again guy if you’re if you’re looking for a better explanation or a more in-depth explanation rocki rocki very very lovingly did a a joint stream with me a few weeks ago under his under rocky Palumbo and And he went all into detail about all this kind of stuff right there and then and it was just absolutely beautiful if incident and learning more about that definitely check that stream out and you know And actually, you know, suna we should do another one soon, man um, you know If you have some more if you have some some new happenings in the Bitcoin space and let’s definitely let’s definitely talk about it Man, let’s definitely talk about it. Alright back on over here to the lower timeframe still still just consulting this area right here Not not too much to be speaking about to be honest with you Again, a little bit of boredom trades here and there maybe I need to go something like this, you know Maybe I need to be able to be a little bit more lenient with this position right here In fact, it might already be bette be a bad idea. You know what I think yeah I think I might need to move this down actually This is this is the problem with it really is, you know, you keep on moving these things down It just becomes a fucking headache doesn’t it? So, yeah, that’s when we be going off over there and you know I’m gonna take this off and I’m a monitor this by hand do it the old-fashioned way as I am pretty comfortable doing it that way. But again, you know, you do have your 10 minute 100 exponential coming right around here Let’s see. If this does indeed hold it up, you know, which which trend line will be obey This is why I don’t like diagonals in general But you know it’s until it’s until it’s broken, you know, you can still make trades off of it But again, it’s you know, you got to be very very very very very quick If you’re gonna be managing risk along these areas as it can get away from you extremely fast So don’t take this as like any sort of, you know, it’s like trade of the month our trick trade of the year material It’s certainly not trade in the year material. It’s just like taking a potshot back at a At a very low risk trade because you know again if I do take a loss on this trade, it’s only about ten dollars I can take a ten dollar loss, you know plenty. Well, you can’t take it for two You can’t take it like a million times, but you can take it You can take enough ten dollar losses until you find, you know a real winner So yeah, all right back onto the comments over here. Whoops. Just brought up my email That’s not what I want to do and over here. Okay, uh crypt, it’s proof GOP proof of We don’t go there Crown, let’s do it. I’ll be on on yes for motivation in Chow. Turnout was beautiful man, beautiful I’m gonna definitely check to known on that one man. Hopefully, I don’t think I’ll be true Yeah, I won’t be screaming out that time. So I’ll free to watch so cool, man. I’m looking forward to that man I’m looking forward to that. But yeah, man, let’s do it You know, I don’t know maybe next week or something like that would be good for me. So yeah, cool. Very very cool All right back onto the up. We’re dumping a little bit harder. Now. Look at that. Oh, man Am I gonna lose everything on this trade? It might it might just happen right here right now up We’re losing all all kinds of support right here But again, that’s why we wait for confirmation as well confirmation is the name of the game But this this dump is getting more intense. Could it could it get any worse? Oh my god another $2 So again guys, I need to be very very very very very clear about this. Well, where will I be managing risk? Well, if we close we close below this the this green exponential right here the 6330 area I’ll be taking off this trade and essentially what I’m what I’m Why I’m treating this area is because as long if we do defend it then it’s gonna tell me that this cross will be here is legit and if this cross is legitimate Then I do want to be on the side on the buy side of the bots as that is what it is As that is what it would suggest So to say all right back on over here to the comments. Uh-oh. No comments. Well fair enough fair enough All right, okay back on to the backbone of the charts over here. Just just waiting for this price action to fill itself out Let’s see. What else can we look at right now? Let’s go look at litecoin We haven’t looked at like one today everyone everyone loves good old like Quinn don’t they? Don’t know why but fair enough litecoin not getting the same sort of The same sort of love that Bitcoin got itself but again You know litecoin agreeing with both aetherium and bitcoin that we’re living in some sort of a rising channel broadening a wedge bear flag Whatever the fuck you want to call. It doesn’t doesn’t matter what you call it Typically a bearish continuation pattern but the big important part with this is that until we actually break it to the downside There’s no confirmation to be happened We can whip all the way back up here to your to your upper resistance and still maintain the posturing of this You know bearish formation it’s not until we break above here above about you know 94 bucks that we actually that we actually have a change behavior until that happens this thing, you know like coins certainly the weakest of the big three if you even want to call it that As we do have this measure move pointed downwards to about 56 55 bucks So, you know be aware of that always always be aware of your risk right always be aware of your risk Okay back now over here. I’m almost ten dollars in the hole right now. Jesus Christ. It’s gonna be the worst rate all day So yeah fair enough Let’s go. Let’s go over here – mexi we got going on mechs next wicking a little bit harder. Let’s see. Ok, um, Z rex is BTS star. Eh. Yeah, man, let’s go check out BTS man. I actually was looking at that earlier man It had a nice little move and it caught my attention Not that I’m you know, like a big fan of it or anything like that But uh, but yeah, we got bit chairs over here again. I don’t know what the fuck this thing is I don’t know. What what the fuck it does It’s some sort of like decentralize exchange, but it probably doesn’t even have the atomic swaps which makes it pretty use useless anyways But yeah, man, you did get a nice breakout right here. Did you get a nice breakout? I don’t I don’t It’s not the volume that I want to see on a breakout so that that does leave a little bit to be desired But you can see here. Maybe we are doing something like this it is. It’s very possible We are doing something like this and this would be this would be a nice hell, I mean a healthy consolidation That’s that’s maybe not the right word to use, but it would be a form of consolidation Certainly, not my favorite. Let’s just move this over here Yeah, some something like this and look at that our measurement or I did put in a measure move over here I believe that I was looking at some sort of a cup and handle on your lower timeframes, maybe yeah Yeah, so I looked at this and this does look like a cup and handle right here and the measure move does take us Again somewhere somewhere right around here. Let me just pull this back out Go to your for our yeah, it takes us right around here, which look at that. It’s here. It’s a nice horizontal and that diagonal Resistance trendline so so so good confluent on this area right here again You know a little bit above 30 50 on Polonia x over here Over although I really wanted to see more volume on this breakout right here I mean your for our daily chart is it’s okay You did just put in a little bit of a spinning top perhaps on on decent volume So maybe maybe a sign of any decision perhaps reversal Upcoming so, you know all will always keep that in the back your mind So yeah, ma’am. Can we says where’s Z price door? Where’s where is the price door Green Line? What? Mobile didn’t show show clearly what what exactly we referring to you? Can we I’m not I’m not quite sure ma’am. I’m not quite sure Okay, oh right hey good night good night land, oh man, thank you. Thank you for joining us It’s been a pleasure speaking with you man, as always and I hope that you have a beautiful rest you asleep rest your night Whatever you might be doing. It may be you’re sleeping. Who knows? But yeah, man, take care – take care Um that down candle still Hallows my magic my magic line nothing to worry about which one which one Oh the one that one over here on on bit cone. Well, let’s go check it out. Whoo. We’ve rallied a whole dollar guys We’ve routed a whole dollar get ready. It’s moon time in no, it’s moon time in no time Although we did just trade a little bit lower so I don’t quite like that Let’s see. What are our hard timeframes suggestion right here. What about a three hour? Okay, so our three hours consulting between our 55 and our and our 100 right here So I you know It’s not really telling us anything Just as of yet sort of say what about our six hours six hours same sort of thing You know playing between the yellow and your in your green. What about your a tower a tower a tower looks okay? it’s looking just looking like we’re flagging out over here, which is what I kind of identified myself as well and If we are doing a flag well We can make a measure move off that right and that would suggest That a measure move off this right here would take us somewhere right around sixty or sixty four sixty nine ish area So about a hundred bucks up from here. So again, that’s that’s kind of my first target I’ll be looking at I’ll take off like half my position around there. I think I’m forty thousand contracts deep on this Yeah, so sixty seven or sorry sixty four sixty four five two, I’ll do right there I never want to do like a straight up even number as you never know But yeah, that’s kind of where I’ll have my first my first order and then I’m looking to get short around 65 53 so again You know if I’m also having my eyes on the on your yellow exponential right here your twenty one coming in around 64 25 as again in 2014 when we did put in this in this similar formation We did. Oops wrong chart I background over here. We did put we did kind of base around this 21 once again As we did test it and then we kind of base there and then and then bolt and then boot and just boomed up Here’s your big home. I get what happened here. Let’s actually like going to the price action on that day. I’m curious I’m very curious and don’t take that the wrong way not curious about that Okay, I’m curious about the price action and let’s just go back in time over here and whoops I think I went a little bit too far. Did I no, I did not. Okay. We still got plenty of room Sorry about that guys Okay, here we go So this is the price section that I want to kind of get my eyes on you can see here on your yellow Sorry on your eight hour daily chart you did start to you did start to put in this similar the the the similar flag formation On your on your lower timeframes after having this nice rounded out local bottom right here correlating with this area So yeah, you know you can imagine also You could do something like this Which is very very very very very analogous to what we have going on in the current price action let me just get rid of both of these and do this on an 8-hour cuz again You know if you chart something on an 8-hour you want to also make the you know You want to make you want to look at it on the it or if that makes sense? Like my point is is if I make a chart on like a daily timeframe I don’t want to apply the same sorts of trend lines to to a smaller time frame It’s just not not as applicable and look at this. You know, you have a beautiful a beautiful rising channel a beautiful Bear Flag Whatever fuck you want to call it does look like that all just basically What’s what’s word? I’m what I’m looking for, you know coming to a conclusion right here on this major major major major major Do you want to call it a shooting star? I mean, it’s not your traditional student star, but it is certainly a massive bear wick Just just throwing you bright back down over here on heavy volume and heavy volume, too And then we try to consult it around here and then broke down so that’s really what I want to have my eyes on and I’m just gonna go back into the current price action and see what we got and you can see yeah We’re kind of we’re just basing around the the 20 year yellow 21 right there Similarly to how we did in 2014 as well. So again Exponential’s are not you know, it’s it’s it’s there. It’s it’s not a fucking done do anything like that I don’t want to misrepresent this sort of thing, but it does help me kind of understand and smooth out historical price action Okay back on to the comments over here. Um DJ meat says that down candles 208. Nope. Just read that Bitcoin is sent says land. Oh, that’s cool. Let me know what you think. Yeah, man, definitely. Definitely Z Rex says XRP let’s go check out x RP Google that everyone’s favorite cone to hate or is it or is it still it’s I think it’s like TRX or maybe Virg or like AOS nowadays Everyone’s got a new shit coin to hate don’t they and let’s go over here I believe I already do have it charted on the dollar. Yes indeed I do and XRP Again so X RP is right at resistance right here at about 40 almost 45 cents You know if the market does take a step up here then it’s very like of that x RP just you know catches wind and And has a nice little rally up to this to – you’re 46 47 cent range over here But overall x RP suddenly one of weaker within this market so while it might bend it while it might be the beneficiary of a Bitcoin, you know pump and pump er There ain’t there ain’t much there, you know overall. It just doesn’t look too good. Maybe we’re doing something like this We’re you know, we’re we have some sort of now. That’s not even right is it? Yeah, I’m just kind of just kind of drawing lines at that point but overall my point is with this is that you know, you know while while you know, It’s probably going to get we know wind if Bitcoin takes off here, which I think Bitcoin might have a little bit of a leg It’s you know, if we if it looks fucking weak is my point Sorry about this guy’s a little bit all over the place right here But if we do fail from this area about 40, let’s call it 45 cents Then there’s not much holding it up from about 20 28 cents. So again just be always be aware of your risk I really don’t like what I see here. Do you have any support along the way down? I mean technically you do right here you could make the case right here, but this is not strong support Don’t get me wrong. This is not like this is not your traditional strong support This is um, this is I mean, maybe a little bit of a starter step. Maybe you play a bouncer I don’t even know if you’re gonna get a crazy bounce, but at the end of the day, it’s not you know It’s not what I want to be put in my life savings on. Mr. Brian Kelly of CNBC Let’s go see what’s going on over here It looks like we just had a little bit of a move put in a nice little hammer Dilli right here seven minutes and 45 seconds to go on this on this half hour dilly candle and Let’s see my position. Oh my god No, I’m losing to the end Yeah, but fair enough still it’s still just kind of crawling away along along this consolidation right here Not really much else to say about it. Other than that But but but if we do start defending this area this this 30 minute chart does start to show that the bots are defending this Area so I like that I certainly do like that. All right. Can we says where was the green EMA on the three? Okay Oh right here workout in texting so the green EMA on the 30 minute is actually kind of where we could you could almost count it as as where we just Looked down to technically it’s at 63 34 and a half But you know You can kind of see how I believe that we are defending this area when you have a strong look like this You know, assuming that we do end here or higher then then then yes, I will tell me that the bots are likely they Likely are defending that area and actually front-running it just a little bit as well Okay, um a sense any boner on this shorts chart? Let’s go check it out Do be having ass any Bonar on the shorts tribe? Well, where where is the short start? Oh god. Damn it, man This is so annoying now. Okay, there it is. All right, there it is. Sorry. I thought I’d lost it. Sorry about that guys Oh wait. No, that’s Long’s. Let’s go over here to shorts. We have about twenty four and a half thousand shorts Yes, we do have an ascending cock and balls. I’m Sorry bad terminology. We do have an ascending. We do have someone sending Dilly’s over here on your shorts tribe But but but but you know Yeah, I mean people are putting up shorts right here I don’t really know wat well sorry that’s my Polonius again Fucking around in Polonius. I don’t know why I even do that Just wanted to trade an altcoin for once just got bored and put it put put like a Bitcoin in there and decided alright gonna do something anyways, umm Yeah, so our short start over here, you know bear bears are kind of putting on a lot of shorts now at this resistance So they are they are kind of, you know counting on this area’s actions resistance this horizontal, err, which we do have plotted out Right here at about 63 90 so so if price action does get above sixty three, ninety, I’m gonna be very um, I’m gonna be very confident that a lot of these shorts. Do you know do you start to get either? You know they’re their stops hit or Liquid it or something like that as I do believe that we probably do have a little bit of a little bit of upside here But hey, you know, I’d imagine that if you are shorting right here You’re gonna start to feel pain somewhere right around here again You know your your local high is just your traditional swing high stop-loss from like a retailer’s perspective. They they love that shit Don’t they they love that shit and it’s a very easy way for for bigger accounts to hunt that liquidity Alright back on I’ll be here to the comments Let’s see Can we check dent coin? Hey, what’s up? Ladies Celtic boy, man. How you do him a man candlestick crown. God, dammit What fouling would you be here from these cave dwellers yes indeed It’s a very very very very naughty cave do not come into this cave It’s highly highly cautioned and I do not suggest it for your mental health Anyways, if you do desire to step into this arena, well, we will go check out dent right now It is probably the last one of the day I think we’re kind of running out of time here as I do need to go to the whoops I do need to go to the gym and I’m gonna go for a new new PR in in deadlifts It’s gonna be really exciting as I’m trying to build that up right now. Okay, so dent Unfortunately dentist have that much price action. So so technical analysis on something like this. It’s just not really the best idea to do I always want to be very very very very very clear when I want to speak with people about this sort of thing. Just because Just because you know the the best readings I get from technical analysis, which is not, you know, perfect by any means on its own Is when we have a lot of price action in a lot of price history To go off of this one is quite new. So so so take this with a grain of salt This is the best that I can do right here. It looks pretty weak to myself. We do have some bullish divergence So that is suggesting that we have found a local low somewhere right around here But overall I don’t like what this thing is doing, you know until it gets above right here about 65 Satoshi It ain’t you know It’s nothing to write home about is what I’m trying to get out over here If we do start closing to our dillies above 65 Satoshi then yeah You might have a nice little run-up to this area right here right around 73 Satoshi That’s a nice little tray to be making but again this area must hold, you know, 60 Satoshi must hold. Otherwise this thing is gonna It’s gonna have a hard time. We’ll put it that way. You’re not gonna have a good time or what? Is that South Park things like if you do this, you’re not gonna have a good time Jesus Christ man. Sorry about that guys. Hey, Nick. How you doing, man? How you doing? Mr. Metha heck Let’s see dick coin dent coin or Ripa coin you got to pick one. I think I already did Ripple man I just did ripple and I just did dent so so there you go I probably should use this time to go through the course but lives are more entertaining Well fair enough man, you know at the end of the day no heck the the the program is always there for you to go to go into reference and then the and the discord and then and then These sorts of live streams are like for continuing education and clarification on that education. So yeah, man Okay. All right. All right What else do we got? Take a look at then. I’m curious if it dot okay All right, so then actually does look pretty damn bad. Let’s go over here benching Ok, so then on by nest look at this guys can confer confirming above your last line of support right here Yes, I mean, yes, you do have your measure move off this inverted cup and handle taking you down to about 23,000 Satoshi a little bit above there but is this strong support right here? no, absolutely fucking not is is it’s not strong support where is semis strong support is right around here around 50 and below there which is much more strong support around 6000 Satoshi again anytime you see this sort of rounding over price action That’s that’s indicative of distribution. And whenever you see distribution, well, you really don’t want to be fucking long heads It’s exactly what it sounds like. It’s just a beauty in those cones all over your bullish face so again you know taking out every sort of support on the on its way down and We’ve been looking at this for quite some time on my streams like, you know, once it broke this area, right? Here’s 43 500 it was it was an amazing short, you know You had it you had your inverted cup and handle being put in over here It’s not it’s not a picture-perfect one But it does work and we’re just seeing that play out right now again getting it getting very aggressive to the downside Hey, and there we go Bitcoin having a little bit of a rally rally over here. So, let’s see Is it gonna is it gonna go down right now? I’m gonna put in the stop Well should I know I think I’ll leave it like that Alright, let’s see Richard puros our pair taht says. Hey crown a what’s up Richard good stream. Thanks, man. I appreciate that Hey, thanks for joining us. I five thousand and looking at jumping on something. What do you what do you reckon? I would say, you know if our well, here’s the thing. I need to know a lot of things about you Otherwise, this can be so damn irresponsible me to offer up any sort of, you know talking points at all whatsoever But what I need to know is you know, what’s your background? Are you are you new are you new trader? Are you an investor? What’s your timeframes? Are you a long term person? Are you short term person? Do you want to be a day trader like me? Do you want to be more of a long term type type type type type dynamic over there? Do you have other forms of income essentially like do you have you know? Do you live and die off trading and in all these sorts of things without knowing that sort of information? I really can’t it’s just it’s just irresponsible of me to say anything what I can say though Is that is that in this sort of market dynamic right now if you are newer to trading? then Then my best best best best best thing to say and what I really truly stand by is that this is not the best time To be entering in anything at all whatsoever in fact I would say this is probably this is the best time to be just learning and if you do want to invest that money out invest it in education You know if you do want to trade maybe maybe and if you do want to learn learn trading then maybe just you know traded With ten dollars as if you can make money with a low amount with a low count Then you can all then you can definitely make money with a high account, but it doesn’t work The other way or typically doesn’t work the other way Anyways with that said man with that said I would say invest in education man This is the best time to be to be To be educating yourself because this is a very difficult market at the current moment in time as we’re no longer in a bullish trend in fact, we’re gonna we’re in a pretty damn heavy bear trend and And and you know, you can make the game easy for yourself or harder for yourself, and I’d rather you know If you’re Newars, why not just make it easy for yourself. It’s already fucking hard enough To that point on to add on to that point I want to also be clear and saying that were you know Everyone in this space right now is getting the goddamn masters education in market cycles as you know everyone who entered in the last three years all they all they had in all they had to reference was just bull markets just going Straight upwards and onwards it wasn’t until over here where you actually had to start thinking for yourself So again again, you know This this truly is the best time to be learning in my opinion and And I really do stand by that whether you whether you want to learn through Through hype dawn cryptos platform or whether you want to learn through my personal platform That that that that that is up for you to decide definitely check out the reviews. Definitely, you know Ask ask all the questions that you need to ask and then you can only you can decide what’s best for you Of course at the end of the day men only you can decide what’s best for you But that’s kind of what I’d say at that point All right. Ladies sell tech boy says no you got to buy you got to buy one dent or oh god damn it Lazy seljuq boy, I would say Probably ripple man III think ripple just had they have better marketing man. They’re on TV. All right guys I’m at the end of this stream right here and I Choose cyanide. Oh my god Aggressive man aggressive guys. I’m getting to the end of the stream over here I’m gonna start wrapping up the most important things to be aware of on bit comb then I’ll leave you off Tell-tell probably tomorrow or that or a stream near you. I’ll be on my channel a little bit later as well Okay, so we have over here we have over here what looks to me to be a bear flag now Even though we are in the context of a bear flag going back on over here to fin X It doesn’t mean that we can’t You know rally all the way back up to test the upside of this bear flag resistance over here is certainly possible now by the same token a Bear Flag, you know typically breaks breaks down to the downside not always but you know more Statistically speaking. It’s certainly more often than not and And we are still within the context of a bearish market cycle It’s not until we start closing daily dillies above this blue box territory up in here at that that I start saying Oh, it’s time to not be so damn bearish. We have a change behavior and maybe I can get bullish again But until that happens we’re well and far away from that and we’re still within the context of a bearish market cycle in the in and in the smaller context libéré flag So it has a high degree of playing out and if we do play it out It’ll be marked and confirmed by a daily close below this blue box area right here about 60 150 if that doesn’t need happen then Yes, I am looking towards that 44, you know, 4,300 range By the same token. I do think that we aren’t for a little bit of upside here I am looking towards around 65 50 doesn’t mean it’s gonna happen in fact You know there there are no promises in this game and that’s essentially what a bear market is is and why it makes you know trading to the upside so difficult and that things can Be stolen too at any goddamn time at any moment So always having that in the back of your mind and always know your risk, I’ll leave it with that It’s been an absolute pleasure speaking with you guys I hope everyone has a beautiful rest of your Monday drinking all the coffee that’s needed as I’m drinking enough myself And and I look forward to being with you guys soon. Take care guys

2 thoughts on “Daily Cryptocurrency Technical Analysis & Learning”

  1. Dear Traders,

    Advise not an obligation. Today July 16th 2018, The trade recommendation (can take several days to reach the profits):

    Buy into BCN at a current price range of 43-48 Satoshis (Pair BCN/BTC)

    Targets are
    50 (BCN will hit its first target of 50).
    55
    60
    65
    80

    Stop loss under 38
    Even when BTC fell, BCN held up and maintained its price. We will definitely see a profit in this trade if BTC jumps back up.

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