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โฑ ๐ง๐ถ๐บ๐ฒ๐๐๐ฎ๐บ๐ฝ๐:
00:00 What Should You Do With Your Crypto Portfolio Now? – Intro
00:30 S&P Bounce While BTC Dumps – Bitcoin Analysis
04:24 Long Term Perspective – Total Crypto Market Cap
12:48 What Happened To The Altcoin Sentiment?
14:17 DXY Weakness Indicating Cryptos Next Move
17:26 USDT Dominance Analysis
18:24 BTC Dominance Analysis
20:00 Crypto Man Ran Recovery Portfolio Strategy
20:44 Solana News – SOL ETF, VanEck
20:11 Bitcoins Worst Case Scenario
23:49 High Timeframe Altcoin Analysis – SOL, HYPE, SUI, AERO, JUP, JTO, LINK, ENA, CRV
32:46 Fear and Greed Index, Funding & BTC Bottom
37:05 Is Ethereum Wrecked? – ETH Analysis
๐ฌ ๐ ๐ผ๐ฟ๐ฒ ๐ฉ๐ถ๐ฑ๐ฒ๐ผ๐ ๐๐ถ๐๐ต ๐๐๐น๐ฒ ๐๐ผ๐ผ๐ฝ๐: https://www.youtube.com/playlist?list=PLmOv2_vzOoGcDGeu-HHfifExgbvmPLO3l
๐ ๐ฅ๐ฒ๐น๐ฎ๐๐ฒ๐ฑ ๐ฆ๐ฒ๐ฎ๐ฟ๐ฐ๐ต๐ฒ๐: Bitcoin – Crypto – Bitcoin Price – Trading Bitcoin – Altcoins – Trading Altcoins – Crypto Trading – Bitcoin Technical Analysis – Trading Ethereum – Bitcoin Price Analysis – Trading ETH/BTC – Crypto Market Update – Crypto News
Should you buy should you sell should You hold should you rebalance your Portfolio in today's show we're going to Discuss this and a whole lot more you Can see crypto taking another dive down We did say there would be high Volatility and remember part of the Bottoming process means a lot of these Coins will come back down towards the Wick lows that were most recently put Into the market uh so let's get straight Into it we have a whole lot to look at It is going to be a pretty quick show so Smash the like button hit the Bell Notification And subscribe to the Channel first and foremost most crypto Are doing something very different to What the equity markets are doing Because if you do have a look over here You do have the S&P 500 futures which Continuously is putting in um higher Moves so here at least we've had now Four candles in a row that have been Green for the S&P 500 futures over there And it actually looks kind of similar to What Bitcoin is doing uh minus the Bounce over here that Bitcoin hasn't yet Had but if you focus on specifically This down sloping trend line over here Which was broken right you came back and You tested that and now you're starting To challenge towards those highs over There so definitely holding up a whole Lot better if we look at Bitcoin over
Here well this is the similar Outlook That Outlook that we can highlight over Here with that down sloping trend line As mentioned we broke out came back into This Zone but we just haven't yet had This pushup so since Bitcoin is Typically correlated very very closely To what we see within the stock market The question remains are we going to get That bounce up right well at the end of The day this is a really critical point Over here and we still do have this Wick Which you could come back down just a Little bit lower into that zone but you Definitely don't want to see any candles For Bitcoin coming below the bottom of The range low if you do come below those Wick lows over there that would mean Inevitably you're probably going down Anywhere between 85 and $86,000 which is Where your next major levels of support Remain in the form of high time frame Moving averages which should catch price Over here and bounce it right so right Now price is still very much range bound We are below the high volume areas if I Put on the volume profile over here you Would see that right we currently caught Below the point of control so that's Going to be one area of interest that Bulls will be looking to reclaim and It's a highly highly important time Within the market where both bulls and Bears are fighting absolute tooth and
Nail uh to take control of price right Um of course if we do break and hold Below that that would be um inherently Bearish but understand there will be Some support that's coming in over there As you can see on this chart over here We do have a high time frame moving Average this is the 20 moving average on The 5-day time frame which historically Does have significance and tends to Bounce price now each and every single 5-day candle close this is of course Moving towards the upside uh previously This was situated around that 85k level Now it's at $86,000 and if we do go on The Daily Time frame well also um which many many Many Traders do focus on is going to be The 200 EMA and the 200 ma which is just Slightly below that and also Rising so 85 586k is the major bounce level uh the Opportunity that there would be to Reevaluate as well is if you do get that Breakdown into that level and you sweep Below the bottom of the trading range But you you consequently reclaim the Zone right if you do reclaim that that Would start to look like a deviation Into major support and therefore would Provide an opportunity but the question Is what will happen to your altcoins Right that is the most important thing Because the altcoins would probably get Pretty uh knocked once again in that
Situation so should you buy uh should You sell should you just continue to Hold on uh and wait for better days or Should you reposition your portfolio We'll get to that segment uh in just Moment's time right so range bound until We leave one of these zones over here What are the odds that we're going to Break down right that's the question What are the odds that we do this what Are the odds that we break out the top Side at the moment I'd honestly side With around 5050 it's anybody's game Over here the pendulum will swing back Into the Bulls favor sometime next week Right generally speaking you see about a 15-day period where the Bears have the Opportunity to break price action down And uh then you have 15 days where bulls Will retake control and attempt to break Price action up and consequently the Last you know um 100 days or so price Has pretty much just been range bound Over here caught between these two Various levels so we're looking at that Over there now getting into the topic of The day and the question uh you know Keep on holding or exit positions at a Loss I think it really comes down to This chart over here and it comes down To your timing right your uh how how Long your time perspective is in terms Of how far you want to be in the market Cycle for um as well as how much draw
Down you can take as well as are you on Leverage or you just on spot I think That I'm going to talk mostly towards The high time frame participants because I think that's the majority of the Audience is people that are um in the Market for the long term they want to Play out the cycle from the bottom which Means that you would have establish most Of your long positions around here at Least if you're watching the show that's Exactly what I did so for anyone that Followed along you're pretty much just Holding on and you want to exit wherever The cycle finally tops right so if You're in that camp what should you be Doing well I think that the logical Answer is that you probably want to just Continue to hold and the reason is Because you are theoretically coming Into major support as you can see the Yellow line running across was the Previous exact all-time high we've had Multiple consolidations Above This is The first major correction into that Zone over there and then alternatively If you also look to where the initial Peak was put on on the total Cryptocurrency market cap at 2.3 39 Trillion over there you can see Resistance was found had a big Correction resistance was found again Had another big correction and then of Course you bounced up to set in the
Ultimate top and those are going to be Major levels of support right that also Lines up with the goian channel which we Did Cover yesterday so pretty much you Have a huge amount of Support over here And smart money would probably look to Pyramid into a position like that right Meaning if you had no exposure into the Market you would probably be looking to Make smaller buys you know around this Region over here and if you do come down A little bit deeper you'll probably be Making larger buys now that is simply Just buying support and selling Resistance on a high time frame basis The question is are you at support or Resistance and I think the simple answer Is this is support right this is support And it's not resistance we can have a Look at this from multiple different Perspectives but if we go back in the Past over here and we have a look at What happened in the price cycle well You can see in this environment price Said over extended pretty far above the Gan Channel it started to angle it up Quite aggressively over there and this Was your prior alltime high and you can See it definitely got a little bit Choppy and scary into that environment Where pretty much from the high over There down to the next candle low you Were talking about a 35% correction so I Would definitely say that there are some
Similarities it's not exactly the same Because the monetary policy and what the Fed was doing in this environment was of Course very different but that could Still yet to be coming right and if you Look at this from top to bottom over Here here well you're talking about a 24 To 25% correction so point being is that We have had scarier times like that when You zoom out and you look on a chart Right now this looks like it's Absolutely nothing minuscule before Price rallies on further and then you Talk about the real serious Corrections Over here on the total cryptocurrency Market cap which in that instance you Were talking from top to bottom 56% Corrections so right now everything is Actually part of the course in that Regard and you can go back to the cycle Before that and you saw something Similar as well t testing those prior Highs over there Gan Channel flips green And if you go from high to low how far Down was it about 39% so very similar to What we're seeing right now and look at What came next right back testing into Those highs goian Channel flips green You have support underneath it and price Rallies up so again just touching on What we said yesterday I think if you Gain acceptance below these levels Gaining acceptance would mean spending Multiple candles below these zones over
Here breaking back into the goian Channel you would then definitely get Some sort of a a Dead cut bounce or relief rally which Would probably lead into a lower high at That point you can say acceptance is Being gained below these levels and now Something majorly different is happening And I think probably at that point in Terms of spot positioning yes that's the Zone where you probably start to exit Right that's where you can cut your Losses and you exit your positions at The end of the day the decision is up to You you need to manage your capital and You need to know uh at least what you Can afford to lose right how much draw Down can you actually afford to take now This will completely depending on Whether person's on Leverage or not spot Trading means that of course you're Buying the underlying asset and you have A very not a low likelihood you have no Likelihood of being liquidated on spot Right as long as you hold that Underlying asset there's always a Possibility that when the market bounces The volatility could play in your favor And you could recoup some of the losses Right however if you're on Leverage well If you're risking liquidation that's a Whole another topic you need to Understand where your liquidation levels Are and be realistic with where price
Could possibly go right now we need to Wait for the weekly close that is Probably the most important thing each And every single weekly close has become Increasingly more and more important While Bulls are skating on thin ice and It's really an absolute dog fight out There between both the Bulls and the Bears for who is going to take the range Now if Bulls can manage to close price Action anywhere around here a little bit Higher then you would start to say that You know Bulls narrowly hold on in this Dog fight and maybe maybe just maybe Next week they can continue to take Control and we'll have a beautiful Wick Low that would show a strong Invalidation one thing that I can tell You for certain is that the crypto Market sentiment shifts very very Quickly and if you start to focus on These highs over here and you can Imagine in a couple of weeks time Somehow miraculously uh Bulls are able To push price up over here and start to Close above these highs this will look Like what was the most obvious higher Low in hindsight and everybody will wish That they bought over here so uh again Should you keep on holding or should you Exit at a loss it's going to be a Completely dependent um answer depending On who you are and what your risk Profile looks like if you are in it for
The longer term and you expect that the Bull Run is going to persist over the Course of this year and you can afford To continue to experience more draw down And wait for a lower high with some sort Of a dead cat bounce then I think the Answer is to hold however if you're Somebody that can't sleep at night Because you're under so much pressure With the markets uh at least drawing Down and watching your portfolio um Decline well maybe for you it's better To just exit completely and wait to Re-enter at a higher point when there's Strength in the market which would Probably be once you take out those Highs and then you can say a confirmed Lows in uh you know some Savvy Traders At that point if they know what they're Doing might allocate you know 1.25x Leverage at which point they have the Same position size when they re-enter Over here I'm not advocating that you do That but if you know exactly what you're Doing that is what you could do to Minimize the risk is you could Theoretically you know wait for the Reclaim over here exit all positions add On 1.25x Leverage which is a low Leverage position and therefore you have The same position size as what you would Have if you had just held the position Originally from here but way less risk Right so that's important thing to
Understand um there's a lot of moving Parts of here looking at uh Bitcoin as Well or excuse me the total Cryptocurrency market cap on the high Time frame at the end of the day this is Still a big cup and handle formation Which is breaking out and still Attempting to play out the upside move Which right now is still more probable Than not and to meet that upside Target Over there would provide another 55% Move right so if you were thinking of This as a risk to reward play and you're Simply working on those targets well Remember you always want to a favorable Risk reward odds which would be in the Region of about 3 to1 right so if you're Looking at about a 3 to1 and you have Your stop loss underneath that Wick low Over there with a hard stop and you're Targeting towards the top there is this A favorable setup well according to this Yes it is you're getting a 4.61 to1 risk Reward ratio which means for every $1 That you're risking over here you have The opportunity to make $4.6 now those are good odds especially If we wait for the weekly close over Here and this we closes like that then Maybe next week you'll see a little bit More chop you know something down there Towards this Wick over here we'll talk About the 50% of the wick in a moment And then maybe it will be a choppy ride
But ultimately you make it back towards Those Toops you can manage your risk at A latest stage by raising your stop loss Over there into break even so these are The types of things that you're looking At there's a couple of very important Charts that I'm focusing on to most Specifically I will share that with you In uh just a moment's time but I hope This makes sense let me know in the Comments what you think do you Understand what I'm saying over here or Is it confusing give me a thumbs up or Thumbs down I'd love to know now one Thing I can tell you is the sentiment is Absolutely wrecked right this is Probably one of the worst I've seen in Terms of sentiment in a long time and I Like this tweet over here from crypto Amsterdam because it just showcases Again how quickly things can start to Shift and what the sentiment was like in 20121 right 2021 gets praised a lot he Says over here but trust me after 1,000 Days in that cycle when Bitcoin was Consolidating after its first leg into New alltime highs the altcoin sentiment Was absolutely terrible horrible Horrible altcoin sentiment no altcoin Season talk institutions won't buy your Altcoin chatter they were talking about Institutions are only interested in Bitcoin very similar to what we have Right now new launches or alts like
Salana actually pumped a lot but then Dumped between 70 and 90% uh and uh Bitcoin multiplied up and up and up Continued to maintain the dominance ride Uh to Glory right as Bitcoin continued It run and then Bitcoin dominance was at All-time highs altcoin dominance at Alltime lows and then suddenly there was A pivot and a shift within that right And you started to see the drop in the Bitcoin dominance and then of course the Rise uh in the altcoin dominance which Led into eventually an altcoin rally so These were the types of comments and Things that you would see which we we're Seeing right now right uh if you say Altcoin season is like a swear word at The moment right you might get stoned um Luckily we're on YouTube over here so They can't hit us with a stone but if They could they would they would right So if we have a look over here we can See the dxy is also a good indicator um Because of course the dxy is starting to Show weakness over here and the Possibility it's not over yet but it's Showing the possibility that maybe just Maybe this is going to break down now if We do start to lose this yellow box over Here this is the historical Range High Right which we've now hopefully deviated Above we're looking at this as a Possibility for deviation break back Into the trading range and run it back
Down towards the bottom when we look at This historically what we've seen is That environment is actually what leads To the last phase the final phase of the Bull run right and then when you devate The bottom of the trading range which Would essentially be these lows under 100 on the dxy the dxy bottoming is Where the crypto cycle tops right these Are some really key factors that you Have to understand you have to look at Things like the dxy you have to look at Things like the Bitcoin dominance and Then you also have to look at the usdt Dominance as well as eth BTC we can Throw that in there as well right Bitcoin or crypto Cycles top on Extreme Greed and extreme greed can be measured By uh you know the dollar is dead the Dollar is over it's it's done for so the Dollar bottoms that's one point the Bitcoin dominance also bottoms because There's such exuberance and greed in the Altcoin sector that's Point number two For understanding when the cycle is Coming to its end and then of course we Have usdt dominance also bottoming Because nobody wants to hold usdt Because they'd rather risk that money in The market um so that's Point number Three and then eth BTC usually tops uh With ethereum outperforming right so These are some of the things you need to Look for it take it requires a lot of
Patience right a lot of patience um Before you get to that phase of the Market and people have very short Attention spans so ultimately what You're looking for is something like This right here has your dollar bull Trap uh and your altcoin bottom break Back into the trading range run it all The way through lower high deviate below Dollars dead crypto cycle tops right Rally it all the way to the top over There again dollar bull trap deviate Over the top side of the trading range Altcoins bottom altcoins are dead is the At least thesis over there break back Into the trading range run it to to the Bottom over there dollar is dead we Don't need the dollar anymore it's over Um and the dollar bottoms and that's Your 2021 cycle top right run it all the Way to the top over here break back in The trading range consolidate and now Potential I'm not saying any absolutes There are no s such things as absolutes In the market but nevertheless you have Had an absolutely Stellar massive run Over here from the dxy and if this is The deviation and we break back Underneath that trading range well just Remember this image that's all you have To do remember this image break back Into the trading range you know that Could start to really get things into High gear into the next phase of the
Market cycle um and then we can Reevaluate as we approach the range low If we're going to deviate below that um And we'll we'll read the sentiment the Point is that right now we're looking Right at that zone where that deviation Would happen and you have to ask Yourself what is the sentiment like the Sentiment is almost worse than what you See in the bare markets it's Unbelievable terrible terrible sentiment Within the market so the two most Important charts that I'm really Focusing on and watching over here are These two right now um I'm not saying That you can't go beyond this s over Here on usdt dominance absolutely you Can um you know there has been times Before where you put in massive Wicks And it looks like a top and you can see Price eventually climbs back higher but What I'm focusing on over here is the Wick at the 50% level which is uh 50% of This entire Wick over here which means That you know it looked like yesterday We might hit it already last night at Least my time last night it looked like We could potentially hit that zone how Far away are we about 3% away on the Usdt dominance my plan is I'm going to Watch and observe as we move into the Zone over here and look for weakness Look for extreme fear in the market Which I believe we've already seen
Despite what your fear and greed index Will suggest and then if we start to see That whilst prices are still holding Major supports that becomes an important Signal for maybe just maybe there's a Potential bottom which is currently Forming right so that's one thing the Other thing that I'll look at is uh Pretty much exactly the same setup but On the Bitcoin dominance right Bitcoin Dominance pushing up into the 50% of the Wick Zone over here and the possibility Of a rejection that would be at 62.6 n% Which in terms of percentage away how Far is it it is 1.46% Away Now Understand that there is a possibility That often times in trading and Investing you will revert to the 0.786 Fur retracement level for an extreme Move and a major stop and reversal which Is why I still open up the possibility That you know maybe just grind Beyond This point over here and that would be Absolute Max Max Max pain um if you Think that people have capitulated now Wait until you see what they do if Bitcoin dominance were to come all the Way up to this Zone which would give you A level of 6627 per. unfortunately that Is possible right that is possible um I'm not looking at that as the most Likely case in my opinion the most Likely case is given the rising fear in The market right now and the moving to
The 50% level over here my BAS cases I'm Going to look for rejection from there But we reevaluate when the time comes so Again going back to the title should you Keep on holding or exit everything at a Loss I think if you start breaching Beyond this 50% level and it looks like There's absolutely no ways this is going To stop yes at that point you know maybe It's time to start to exit those Positions monitor each coin Independently that you may have exposure To and ask yourself um have you lost Support or not are you at support or uh Are you at resistance right that's the Question are you downtrending or Uptrending now I found this pretty Interesting because yesterday Rand came Out with a recovery portfolio list so I Thought one exercise that we could Utilize is to basically do that exact Exercise right are you at support or not On these coins right so his recovery Portfolio speaks about consolidating Your positions into just a couple of Coins which I do think is pretty um good As a strategy why because then you can Have your finger on the pulse and exit Positions quickly F need be right so Positions that you looked at store value Bitcoin the three L1 salonu and hype Then we have dex's AO Jupiter me we have Gito then we have link Ena and curve for Real world assets and then stable coin
Pled right so we're going to have a look At that we'll see what happens over here We'll go through the list the first Thing that I want to mention is salana Which is my biggest holding um you know You did just get also the SEC coming out And acknowledging the grayscale salana 19 B4 filing right um so pretty good News over over there when it comes to Salana for the long term also you have Van EK which came out over here and they Said that their salana price Target by End of 2025 is $520 so a little bit of um free Marketing over there at least for salana And then the question is will salana get The next ETF well so far if you look at Poly markets the chances are 85% that They will probably following this Bullish news that's just come out over Here but at the end of the day the only Thing that pays you is the charts we Have to look at the charts so let's go Through the list over here we've covered Bitcoin at length so I'm going to skip Bitcoin you know the levels we have the Range low on The Daily time frame if we Lose that range low your next key Support is $85 to $86,000 um and what is your upside Potential you know I guess um you know How long is a piece of string I think a Realistic answer is probably you're Going somewhere between um on the low
Side $120 to $130,000 for Bitcoin uh you Know that would be the uh at least Pessimistic casee bull case for Bitcoin The more realistic would probably be Around that 145 to 50 Mark and then I Think very optimistic would be $200,000 Bitcoin price so uh run those numbers Yourself do with it what you will and Now we can look at some of the other Coins are we at Major support quickly Touching on bitcoin on the weekly though Also we do have these stochastic rsis Which are fully resetting over here and Again if you do lose some of those key Levels uh just just to highlight very Very quickly some worst case scenarios You know you do have your 50% level Which is coming in over here at $79,000 and then right at the previous Highs over here if you did fully retrace The entirety of the movie you're talking About a $770,000 Bitcoin and that lines Up with the golden pocket at your 0.618 And 65 uh FIB levels that's taken from The low to the exact High over here so Those would be major support levels of Course if you play this out and Bitcoin Dominance does rise to the 0.786 uh you know you can pack it up and Put in your McDonald's applications Because um you're done you're done right Your your alts are going to get Absolutely killed what I don't want to See is I don't want to see this break
Below this Wick over here uh which is The origin of the move right that is Incredibly bearish if you take out that Wick low which for Bitcoin is going to Be um let's just quickly highlight this Candle to see exact uh your your low of The candle is going to be 66783 that is kind of like it's over Right to break below that um it's over Right it's done we're done just pack it Up next lower high that comes in over Here we exit all positions and we'll see You at the bottom which who knows where That might be like 40K 50k in the bare Market right okay that's not happening Yet one step at a time uh you know we Don't want to hear your crocodile tears We can I can read your comments over There uh just calm down we're not at That point yet right next let's have a Look at some of these uh other coins Mentioned so next is Solana right just I'm just showing on the weekly time Frame to give you some high time frame Perspective you know here has the salana Chart big cup and handle formation Started to break out back testing back Into the neckline yet again stochastic Rsis are attempting to reset over here But they look very sloppy and you know Not great I'd prefer if uh these Stochastic rsis were way lower while Price was coming into those levels at The end of the day these are your levels
Right you hit the golden pocket and you Started to bounce on salana that was Straight into that um 0.65 and 0.618 FIB Level so price hits exactly on the low 175 $89 and you had 175.2 three uh which was for the 0.65 Level so golden pocket was tested and Price held right um so we'll continue to Pay attention to this if you lose these Levels your next major level this is Realism over here is $120 right $120 for Salana I guess if Bitcoin were to play Out that move towards the downside That's the kind of wreckage that you can Expect is another 35% down on some of these uh you know These Majors right like salana so that's One over there we've covered that next Up what do we have uh we have hype right Uh we have covered hype quite a lot I Should probably look for uh this is Going to probably be the the best fit Chart over here for hype uh let me just Find it over here there we go so let's Go over here hype um look I'm not going To show you on the super high time frame Because there's not enough price history But essentially what you're looking at Over here you do have a pivot level That's lining up over here I'll make it Maybe just a bit a bit bigger let's Let's Solidify this line over here let's make It nice and big we have covered this
Point as you're at mid-range mid-range Of support I think you could deviate a Little bit lower and I think you should Be fully prepared even for a move back Down to about 21 uh which would fill 50% Of that Wick it would meet up with this Trend line over here but um if you are Following the recovery portfolio that Run is given and that that interests you Then you know that's what you're looking At you're possibly looking at a move Like that so repositioning from weak Coins into stronger coins that would be Your expectation if you want to continue To maintain Market exposure the Alternative is uh you just exit all your Positions and then you hope that price Comes down to those low levels and then You reenter over there but we want to See this maintain the previous month's Mid and create some sort of a deviation Even if you do get a a Smackdown into That level like that so that is hype Right so we've covered that one over There the reason I'm going through this List is to show you you know what is That major support and what is not uh Which ones I probably wouldn't touch and Which ones I would so so far you know B See Sal looks fine we covered hype I Miss sui let's quickly go to sui over There um let's goie on the weekly time Frame here it is okay so what are we Looking at on suie I'm going to just
Quickly clean this chart up a little bit Over here and let's measure let's grab Our fib and we're going to go from of Course the low to the high so you can See we already breached straight through That 50% level over there this is a Pretty key area of support um you can See basically hit that to the T if you Look at the prior um little order Blocker cont consolidation that led to The up move my inv validation would Basically on sui be this low if you end Up losing this low this is where you're Going to next this is going to be your Next meaningful support is going to be Coming down at $11.90 right so for suie Stochastics have reset but they haven't Turned back up yet um where will they Turn back up probably if suie starts to Get back to about 390 so so far if we Look at this list over here things that Would interest me is yeah BTC Soul subie Hype I'm all good with those this is Probably where I start to deviate to bit And lose interest right um next up we Have Arrow right so we can go to arrow Usdt and we can have a look at where These are there we go so Arrow I can't Even put a fib level on because already Lost all of those zones so basically the Next area of Interest although the Stochastic RSI are fully reset I have to Be looking down on Arrow to about uh 50 To 65 Cent so anywhere around there
Becomes major support right so probably I wouldn't get this one yet this is Still very very heavy in my personal Opinion next we have Jupiter right so we Can look at Jupiter uh let's see Jupiter Usdt we'll find that one over there Let's look at the one on Mexi here it is So this one's already tagged the range Low but also I don't see any momentum Over here so personally I'd probably Leave this stasic RSI are also trending Towards the downside I'd probably wait For this chart to get a little bit Cleaner um and and properly reset right So um probably skip this one personally I would skip this one um maybe I'm Fuding Ren's bags here now uh gito is The next one right so let's quickly go To Gito usdt so remember also the majors Will um at least have limited downside Compared to what you're going to see on Some of these other coins right if Bitcoin does dump to those low levels You know these things can get absolutely Smashed right that's also another 30% Down to range lows and it's just Chopping about i' also wait for cleaner Chart cleaner price action either tag The range lows or start to reclaim some Key highs um you know if it starts to Get above $325 $330 then it will start to look Like okay maybe it's attempting to put
In a bit of a high low over here at that Point these will start to turn back up And then I think you just have a bit of A safer trade right link let's go to Link now I I know you probably put link On here because um link is of course an Oracle Solution that's integrated with Basically absolutely everything out There and it's probably considered um Viable because it's a USA coin right and I'm I'm sure that uh Trump's uh at least Family are are allocating into uh into Link as one of their coins right so These are the levels this is your Range High theoretically that's not too Bearish yet because you did Wick Perfectly if you anchor your Fib from The low to the high you Wick directly Into that golden pocket went slightly Through it but you've maintained it You've started to bounce over here if You start to get closing candles you Know back above the 50% level which Dollarwise on link is going to be get And hold above $19.52 this one probably still looks Okay right stochastic rsis are still Trending down so there is some work to Be done over here and at the end of the Day the origin the little order block Over here that you set in at 1380 which Led to this big move up hasn't been Breached yet right so this is your Range High I think as long as you uh
Essentially let's summarize this one if You can just get back above the 50% Level close multiple candles over there You know that'll probably look good but After the weekly candle there's going to Be a massive Wick over here so next week You might see some more volatility where You just come back down one more time Fill some of that inefficiency um and Then you start to move towards the Upside right okay so that is uh chain Link over there so I'd probably put Chain link on the list you know BTC Soul Sui hype uh chain link those are some of The ones that I'd look at uh for me I'm Not comfortable with arrow Jupiter gito I'm not interested and now let's go into And curve right and curve so this is Under his stable coin sector righta usdt Here we have it okay Ena usdt is in a strong downtrend Falling like a stone in water and I Expect it will probably hit this level Right so the level to watch for 33 Cent 335 that's level to watch and I probably Think based on the aggressiveness of This down move it probably breaks Through that level um and then maybe Then it gets a rebound right so I'd be Looking for something like that so if You were willing to take this trade Personally I'd rather wait for the sweep Below you know wait for it to break Through reclaim then you get the
Deviation uh and then you can trade it Back towards the range highs right That's the ENA trade uh I wouldn't be a Hler of this um Okay so we've covered Ena and lastly under stable coins we Have curve right now curve is also one That's been heavily hited also it's an Older coin I don't know if you know They've tra changed the tokenomics or Anything over here but I'd imagine there Is a lot of underwater Market Participants because if I just you know Zoom out a little bit this is kind of What the chart looks like right so uh This was your 2021 cycle nowhere near Those highs right nowhere near those Highs where you have to consider what Something with strength looks like Salana at least made it back to New Alltime highs um with something like This this is being smashed right um Nevertheless is it that support I guess The answer is yes it is at support right Uh where do you not want to see it break Below well the origin of this move which Would be the lows that would be like Going down to New lows personally I Would skip this one I'm not going to Touch this one over here but um you know Ran probably knows something that I Don't this is coming down over here if This starts to slowly turn back up and Bounce off of that critical Zone at 20 On the stochastic RSI you know maybe
It'll start to turn a corner over here But um I just I'm not that hopeful that This thing is going to trade anywhere Near these highs over here so those are The coins that I'm looking at right now Let's go into the fan greed fan greed Has come down right it's but Unbelievably it's not even in fear I Don't know guys you tell me are you Fearful or not how do you feel in the Market personally I received many Messages last night um you know the Types of environments where you see These FTX types of capitulations and Things like that those are the types of Messages that I started to receive just Before going to bed last night um and That tells me extreme fear not just fear Extreme fear but according to this we're In neutral territory and everything is Hunky dory and fine I I I mean I Personally disagree we look at the Funding funding is negative mostly Across the board slight positive um you Know in the in the recent hours on Bitcoin over there and if you look at High block this is where we're getting The data from of course this High block Over here you can see the BTC retail Long percentage is elevated right so if You look at the true Longs and shorts Accounts um you can see it's starting to Roll over giving signs of reversal they Say over yeah as the reversal unfolds
Long positions May close while shorts Enter into the market right potentially Leading to a price pump that traps newly Open shorts if there is a short squeeze At a latest stage you know anyone that's Opening shorts they're going to get Squeezed out of their positions and when They get squeezed they essentially Market by and then you get the move up Right when you see major supports Holding and that's a key word the Support must be holding and you have Some of these things like negative Funding um as well as extreme fear Sentiment wise in the market that is Usually where you find some sort of a Bottom now there can be high volatility In that bottoming process don't get me Wrong there's nothing I'm not saying Anything like this where you know it Would be like uh you know well that's The bottom that's the exact bottom the Bottoming process could involve High Volatility where while these uh funding Rates go negative and there's extreme Fear in the market and and shorts try And open positions and dominate the Market down you know you could get these Quick spikes quickly close back towards The upside so it is violent and volatile Right we do see that at the end of the Day we had the biggest liquidation event Ever we've already liquidated all the People right so um I'm not sure who is
Left to liquidate that's the question um So we're still waiting for that right so Let's see let's see what happens over Here as that unfolds the daily exchange Volume started to turn a corner I'm Waiting for the update which should come In a few hours time for the 7th of February you can feel free to go look at Home by yourself um in a couple of hours When this does reset over here if this Does start to turn over uh you know that Might be a signal that maybe just one More time you are going to run it back Down right so volume on the 24-hour Basis has started to pick up a little Bit so people are dipping their toes up 10.88% over there open interest is still Down which shows a lack of interest in Taking any leverage trades right um and The 24-hour liquidations is also up 40% With the little bit of volatility that We had yesterday um you know flashing Some of those leverage Longs as prices Were coming down so 24-hour re scale 253 Million nowhere near the billions that We saw recently which came in around That just over around two billion right Around two I think it was 2.2 billion at Least reported by this uh remember we Spoke about the exchanges which Suggested that um the CEO of binance Said it's probably closer to eight to to 10 billion dollar worth of liquidations Which would be by far the biggest one
That we've had now it takes time for Recovery following that the only way you Get a v-shaped recovery is if there's Intervention from you know higher places Like uh Trump or Jerome pal from the FED With some sort of an emergency meeting But I hate to break it to you I don't Think the FED care about crypto that's The truth I don't think they care about Our bags and therefore they're probably Not going to step in for us they would Need to see something bigger break in Other markets before they started to Step in the other good news is that we Are seeing other um countries at least Pivot from tightening into easing so Maybe that Trend will start to shift Towards the US and they'll follow suit Right we saw it happen already with Canada and I think yesterday it was Announced with India as well so um we'll Pay attention over the coming weeks the Next big fed meeting is happening in March right so Bulls are at a massive Juncture fighting for survival eth is Wrecked right eth BTC is wrecked e BTC Dropping below the rising wedge the the Macro High time frame rising or falling Wedge over here excuse me which is meant To be a bullish chart pattern falling Straight through the bottom over there But you are getting a little bit of BU Pressure that's coming in so again the Next couple of weeks are going to be
Vitally vitally interesting to see what Comes next right so there's your e chart At the end of the day eth is still uh Maintaining at least this rectangle so Of course highs lows right highs lows You just wouldn't expect that it would Do it that quick but all the way Straight back down to the range lows um The scary thing is is when you think About something like eth uh timing wise You know this is back now to prices that Had in September 2024 as well as August 20 24 as well as January 2024 and mathematically what does that Mean it means that if you bought eth in January of 2024 you're back to break Even that is psychologically damaging Right for um eth holders that is pretty Well okay you bounce now so you you up a Little bit but you understand what I Mean you you came all the way back down To those levels uh you up I guess 25% after one full year so the market Has been brutalized give it a little bit Of time time to um you know uh to digest Everything but yes you could see another Downside move I just want to be clear You can definitely see another downside Move consolidating over here on eth Remember you have this massive Inefficiency and where do we target Typically the 50% level where are we Targeting over here uh upside we're Targeting the 50% level where are we
Targeting over here upside the 50% level So therefore uh of course there is a Chance that you could come down a little Bit longer so let's wrap it up on what Do you do what do you do right well Again um if you can withstand another 7% Draw down on eth ask yourself what that Means for your other altcoins uh that's Kind of your answer you need to answer That I think high probability you see Eth come back down to 25 um and that's At least that's that's just one scenario Could it take out the low of course but My base case would be uh reverting back To about 25 on eth and then we'll see What happens next right so is brutal it Is brutal you have to stay strong you Have to keep a positive mindset you need To keep your finger on the pulse you Know now is not the time to cry and give Up right you crocodile teers won't get You anywhere no one's here to save you You need to save yourself you need to Stay strong you need to stay focus uh This is a mental game right um remember If you can if you can beat it in the Mind you can beat it in the real world So that's what you need to be trying to Do if you do want to trade these markets And you're a short-term Trader um that's Probably going to be the best Opportunity for you remember we do have U both sign up bonuses for buybit as Well as bitet
$30,000 um up for grabs on by bit in Terms of a signup bonus and you're Getting 10% off your spot in Futures Trading fees um if you use the bitet Link um so check it out the links are in The description below that is it from me Folks thank you so much for joining I Will see all of you on the next one I Hope you have an absolutely wonderful Day and wonderful weekend and I'll catch You soon cheers for now