Potential Trades Setting Up


(upbeat music) – Good day guys, hope you’re well. Wanted to get this out really quickly. A couple things I’m looking at right now. Two charts. One is not a coin-based chart it is actually the XBT, which is the Bitmex futures contract here. This is the perpetual for Bitmex. Right, breakout level
starting to setup here. Keeping a very close eye on that. Need a third test. Nice and flat to converge
as we come up into here. Simple Bitcoin breakout-type
strategy would be the play. Now, has it worked in the past? If you look at Bitmex back here, not so much. If you go back a bit further, (coughs) excuse me. Sorry, I’ve got a bit of
a cold at the moment guys. You’ll note that this
little flat level are here. Three test, one, two, three (mumbles). Boom. It worked very very well. If I can back to now Bitfinex, you’ll also see yesterday
and unfortunately I was so unwell yesterday
I couldn’t take this trade. But look, that was a really nice breakout. I’m looking at something very similar to be occurring at the moment and again a breakout. Look at this up here. Look it didn’t work out as well, you might have got one-to-one on that. It wasn’t quite a setup. Not a trade of a one
because it was divergent. Breakout here. Lovely move. And again, not so much on the Bitfinex. It is setting up a little bit, but I much prefer the XBT, as we do have two very clear tests. Watching to see if we
can get that setting up, as we have convergence counting back now. For those that were trading yesterday and took this, you’ll
have at least one-to-one here on the pullback to $85. 85 being the operative point (mumbles). The resistance level here. Beautiful run up, pull back in and the nice move. Still keeping an eye on it
if it was to push higher. Right now as well we have Bitcoin, ugh. Can’t really get my words out today. We’ve got OMG. Now, that line should be right here. I was watching this for potential breakout leading up into that level now, as we’ve got a breakthrough already. My viewpoint is not so
much to try the break, but more or less if it pushes above, and it pulls back in
there could be options for fibonacci booster-type setups that could also be options for cradles, pulling back in to that level. Probably more than likely late tonight, or early tomorrow. Another one (mumbles) against Bitcoin, look it’s pulled back into that cradle zone beautifully well. I do like the way that’s
setting up at the moment. If I just show you, if I draw in the (mumbles). Let’s have a look here. On the 50% there and then
if I just do this one, I think it’s 38.2. (mumbles) I want to do that one. Double-cluster. Sorry, hang on. That’s into there. Actually, I’m already looking
in the lower timeframes here. Get rid of that one. It was that one and this one. If I recall correctly. Yeah, yeah that’s at 38. 38 and 61.8. Now, I didn’t take that as a booster. I was happy to sit back and just wait and watch on the (mumbles). Why? Because look where it gets us back into. Right into that cradle zone. Very happy with that. If I get rid of that one there and we focus on where it’s come back under the 50 and then we
draw this one in here, do we get a (mumbles), I’m just checking here. Uh, no we don’t. Fair enough, no worries. Either way, cradle right here. Yes, it’s not the smallest of candles, but at the moment the candles are getting a little bit bigger as the volatility obviously increases as well. So keeping a very close eye on that one. That closes at six o’clock, so that’s when you need to be around
and make sure that that, if it sets up, that we take it. Now of course, the market continues to soldier higher, looking really nice. A pullback occurred yesterday as well. We’re getting really nice cradle trades setting up. We’re getting really
nice breakouts as well. And look, it wouldn’t
surprise me at all to see a little breakout of that 8,100 level when we look at the XBT here. To push on for another big day. I’m suggesting that as
the momentum is there. It could also very well pull back, so it’s always important
to manage your risk at all times guys. Now, if you’re sitting
around not quite sure how to trade, that’s on you. The markets are moving,
it’s wonderful out there. These watch lists are pumping. Look across the top 10 today, we saw XRP get listed on Coinbase. And look at what we got from that. A stellar move of over 20%. It’s broken that range. Will it continue to move on? Well, let’s wait and see what happens, but look, it certainly found some support in around this level. A consolidation (mumbles)
of quite a long time. Really interesting times right now. Really good times to be trading. If you’re not trading right now guys, I ask you, “Why?” You’ve got opportunities to be a Hodler and make money in this market, you’ve also got opportunities to learn how to trade and use margin
to really milk the market for all that it’s worth. I just wanted to share with you my watches for the time being. What I’m stalking right now. Have a fantastic day and don’t forget if you’ve got friends and family, that are now asking you about Bitcoin and what it actually means, if you go across to the website, tradercobb.com, you’ll actually notice
in the menu dropdown there’s a free course in there. That free course will
literally talk them through exactly what Bitcoin and
Blockchain technology is. It’s a great spot so that
you don’t have to spend an hour or two trying
to explain it to them. Let them watch that, and they’ll have all the
information that they need. Have a fantastic day and I’ll speak to you again very soon. Go Bitcoin.

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