– G’day guys, it’s been a while
since you’ve seen this mug.
Um, yeah, back in the office for
the first time in quite some time
and I thought I’d just run through
and have a quick look at the top ten.
Sorry I wasn’t around last week guys,
I was in London and
then Perth and it’s been
a pretty full-on period of time
only a few days off. I’m probably not
going to be doing a full day today
because it’s a beautiful day outside
and I’m still feeling quite jaded.
Well, across the board
looking at the markets
obviously we are strongly down.
We’ve got five minutes
until this market closes
for the day so I wanted to do a video
to show you where we’re likely to close
Course bitcoin now in a downtrend here.
We got a lower low coming
in breaking this low.
Looking at the monthly there like
what’s going on here? Let’s have a look.
Uh first things first. Track this in.
Boom. Here to here. We’re
approaching that 61.
Sorry 61.8% fib zone.
Now that’s also inside
of the cradles on the
cradle zone. The bottom
of the, well the bottom
of the 20, not necessarily the “zone”
It’s bang on 7,000. Okay.
So if I just take the endings all
7,002 obviously that moves around.
I’d been speaking a while
back of the potential
floor move to 7,000.
It could actually come a bit deeper.
Uh but now of course
for the moving average
having caught up with ya
know now three candles
having closed berish on the monthly
uh it’ll be interesting to see how it act
in and around this region.
I was hoping to see it consolidate
a little bit longer push on
but of course hoping’s not a strategy
and what I have to do now
is act upon what I’m seeing
and what I’m seeing is uh is
going to be looking for shorts.
The two markets that I like right now
are the XBT and the
therium ah let me show you
this big while there is
strong divergence here
on this daily it doesn’t mean that
there won’t be opportunity available.
I’d move the lower time frame.
So the thing is the fact of the matter is
for those of you who have my courses
you know that you can shorten
for those who haven’t been into the
members area in quite some time please do
uh there’s a number of videos in there
additional content as well as showing you
how to use the platform
big makes big for next
finance and three comments.
Go have a look at those cause they’re
a step by step walk through
of how to use absolutely everything.
You’ll also see a range
of different videos
in that additional content area
which’ll show you how to shord,
it’ll show you how to trade,
it’ll show you the
journey of the apprentice
and a whole bunch of new uh content
in there um that uh wasn’t not new content
it’s just relates in a certain structure
that’ll make it very easy for you
to understand and you
can obviously go back
and watch it whenever you like.
So for me on the four out here
you can see look we’ve just sort of
fallen very hard. A
lot of it is lower here
even when I move a lot
there’s no real sign
of pullback if I do see a nice pullback
I could be happy to take trades to
the short side. I’ve got a wait though.
There’s nothing even on the one hour.
Theory looking a little better here.
Uh, let me show you why.
We’ve had this downtrend in motion
for quite some time and the daily does
look a lot more barish.
Lower high lower low.
Lower high lower low.
Looks really nice and the twelve out here
you can see that cyclicity
beautifully flying through.
Now I’m not suggesting there was any short
so I took three here cause I haven’t
tried it for quite some
time it’s been too busy
for me to be uh focused
the way I need to be.
If we look down here we found
a little bit of support maybe
round this 151 or 152 region.
I have to wait and see how that goes
but I am all more than happy to be looking
at this on the lower
time frames here on the
two hour nice convergency coming
back into that cradle.
So I look at the four hour as well.
Our moving averages are
in the correct order.
Would I go to the one?
Well I was kind of expose-
oh sorry no expecting
I was kind of happy to be looking at the
smaller on the lower time frames
to see if there was any
consolidation through here
but we just didn’t have anything
it’s obviously something
to move a little bit
higher here and regain
a little bit um uh quite
well it’s regained quite a lot
in the last week considering where we were
big spikes as well so not the greatest
chart structure in
those lower time frames.
Across the rest the top ten
it’s very very similar
guys there’s not too much
dissimilar there. Uh
there again looking at
this on the four and pulling back
up into this region and
uh back into the 167
you can see some strong support there.
The fact of the matter is
the way I’ll be trading
is I’ll be looking at support
and resistance levels,
Them onachy boosters when if the market
needs to continue to dip fast
that is a fantastic trading strategy there
for uh fast moving fast paced markets.
So I’ll be looking for
cradles semonatchy boosters
and if I am to look for breakouts it’ll be
on the lower time frames.
Guys like I said if you
haven’t been back in
the members area for quite some time
and you have done the
courses go and have a look
there’s a whole bunch of stuff there.
We want to make the journey
a lot easier for you.
Today it’s about being patient and waiting
for those short trades.
Don’t forget have a great day.
Manage your risk and I shall speak
to you again very very soon.
See you guys. Good to
be back in the office.
Bye for now.