Kyledoops shares where Bitcoin is likely to be heading next given the max pain scenario. Will this week present a generational buying opportunity?
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#CryptoMarket #BitcoinPrice #CryptoTrading #kyle
โฑ ๐ง๐ถ๐บ๐ฒ๐๐๐ฎ๐บ๐ฝ๐:
00:00 Whatโs Going On With Crypto? – Intro
01:00 Is The Bull Market Over? – Bitcoin Bear Market
04:03 Stock Market Update – S&P 500, MSTR, TSLA
07:00 USDT Dominance & TOTAL Analysis
08:19 Bitcoin Analysis – RSI Bear Market Signals, Bearish Divergence
18:34 Trading Ethereum Break of Structure
19:20 How To Trade Using EMAโs – SOL, AVAX, ADA, S, INJ, KAS, TON, XRP, SUI, OM
25:00 Bitcoin Bull Moon Imminent
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
Crypto and stock market sentiment is 100% in the dumps if you look at the Goldman Sachs sentiment indicator it's Now dropped to the lowest level that We've seen in more than two years and if We look at the Bitcoin over here fan Greed index well we have the F and greed Oscillating between that 10 and 30 level Uh the bad thing about this is this is Actually where we've seen those Downtrending moves persist when you hold Into these zones for long periods of Time you can see prices continue so in Today's show we're going to have a look At the potential again for if there is a Chance for a short squeeze to give some Uh at least immediate relief to the Crypto market and we'll have a look at The high time frames if anything has Changed over there as well as the stock Market the stock market is coming into a Very key level which we outlined in Yesterday's show yesterday we got that Move up into that level we're also going To outline the Bitcoin short trade that I'm currently in uh if we go over there That is the Bitcoin short trade given in The wh room Discord of course yesterday Ahead of time so let's get straight into It smash the like button hit the Bell Notification And subscribe to the Channel and we can get straight into the Show content so looking at the bubbles Over here again it is a a mix of red and
Green most of the coins on the hourly Are pulling back and that's due to that Bitcoin short trade of course playing Out um in the immediate term now if you Look at the Quant one of the best Quant On crypto Twitter over there uh K yongju Over here and he's got 412,000 followers Um he has actually just posted this for The first time since the last bare Market which was in 2021 and he said the Bitcoin bull cycle is over expecting 6 To 12 months of bearish or sidewards Price action and this indicator over Here has based on a whole bunch of Different onchain metrics looking at Things like the mvrv zcore the s o and The N Al long story short it shows a 365 Day moving average and it shows Inflection point where the trend of the One-year moving average begins to change And you can see it over here um that one That 365 day moving average based on These onchain metrics has officially Started to roll over very similar to Bitcoin price right these are typically Lagging indicators but they're helpful In giving confirmation as to what could Potentially NE come next right and we Identified already at least uh I did at 92 to $94,000 where we were exiting Bitcoin and we Incredible warning signs as price was Likely to roll over now you're seeing The onchain metrics catch up where you
Have the uh long-term hodlers that are Now starting to already uh take profits From their positions which they got in Early but there is in the short term of Course always a possibility for short Squeeze but this depends on where the Retail obviously going to go for it and Uh what am I talking about I'm talking About the uh the whale the hyper liquid Whale right if you look at the hyper Liquid whale uh their position total Position size now is 6,210 Bitcoin in size absolutely massive Their liquidation price is at $855 meaning if Bitcoin pushes up into That $86,000 region that's going to Squeeze them out of this uh trade they Probably do have stop losses in place I Believe that their take profits are um Set somewhere into let's just see if They have it actually written over here But I believe so you can see it's a 4 X Cross margin position I think that their Take profits are set somewhere in the $60,000 Zone 60 to 70 they have a couple Of orders scattered over there so um if We get a a gme like short squeeze from The retail market and they all decide to Jump in that is one of your potentials For short squeeze and remember anything Can happen in this market as we do see Very very low volume it continues to Decline the daily exchange volume with The 7-Day moving average is moving
Towards the downside and the last 24 Hours of liquidations are now under 200 Million we've seen it hovering around That $200 million Mark now for quite a Few days right so my bias is still Towards the short side nothing has Really changed for me um I will manage The risk accordingly I'll show you what To do with your trade in terms of your Stop losses um in just a moment but it's Got a lot to do with the stock market Right the stock market bouncing over Here um you know you do have two uh Green days in a row you're coming into That 200 day moving average and you can See the Futures Market is already Showing a little bit of weakness into That moving average so if we do start to Reject over here into the underside Resistance which was one of the target Levels at the 0.382 FIB that's at $5,760 um then ultimately well that Wouldn't be good right if you do expect A bit of weakness over here to set in a Lower high then you're looking at Continuation towards a downside however What I would say is if you can close Strong with another green candle over Here today and then you can consolidate And any pullback puts in a high low then Maybe uh speculators will start to jump Back into the market and that does Create a long opportunity but that's Probably more um for later on this week
Possibly even next week that we will Discuss that right uh if we go through Onto QQQ well pretty much exactly the Same thing Dow Jones also the same thing Coming into that 200 day moving average With resistance over there Nvidia same Thing uh micro strategy let's have a Look at this one uh quickly if that just Loads one second guys all right there we Go mic strategy is actually above its 200 day moving average but um I would Say that very very unlikely that you're Going to take out these highs uh for a Very very very long time it could be Months to even a few years unpopular Opinion some people may not like to hear That I know that there's a lot of micro Strategy Bulls out here that have been Playing The Leverage play right micro Strategy as um a low leverage play Against Bitcoin so uh that is that let's Have a look quickly at Tesla as well we Need to see Tesla Tesla looking very Very weak but the one promising thing That you have on Tesla is that RSI has Broken this down sloping trend line so You've officially broken out of that um Maybe maybe you'll get some short-term Relief I think it's going to be entirely Dependent on what the stock market does But the fact that it hasn't even rallied Up to the 200 moving average whereas Most of the other stocks have um that's Problematic right so if you do want to
Trade these markets by the way I do want To just remind you guys we are taking These trades right these trades have Been dropped in the Discord yet is uh This mitubishi heavy Industries if you Want to trade if you want to get a bit DJ in the stock market our Traders are Crushing it you can see over here $899 daily profit usually they oscillate Between about um $1,000 and $3,000 every Single day um most specifically we Trading over here um on Monday Wednesday And Friday for the US markets um this is Uh at least Wall Street sing one of our Very own uh Traders specifically Focusing on equities there's a link in The description below if you do want to Join into whale room there is click that Link over there uh jump in and um reap The benefits all right if we look over Here at usdt dominance still the bias is That this is in an uptrend and um I Expect that uptrend to find extreme Weakness and possibly even end if it Gets into the 6.3 Zone and that's why You're seeing prices still come down if We look at the total cryptocurrency Market cap which we haven't brought up For quite some time this Zone over here In the gray box is the equivalent of Bitcoin coming coming down into that 68 To $72,000 region which is the prior Highs um set from I think it was all the Way back
In what date was that that was around March 2024 so you have had the total Cryptocurrency market cap revert back Into the Zone pay attention to this this Is your dead zone if it breaks below 2.19 trillion the chances increased Significantly that the cycle is in fact Over and that the crypto Quant over here Is correct right in that regard so I'll Be keeping a close eye out on that we'll Look for a bit of strength over here Bitcoin looking uh weaker or excuse me The total cryptocurrency market cap Looking weaker than what Bitcoin is so Bitcoin may still be lagging this move And may continue down into that 68 to 72k region not only that but if we do Look at the RSI on the high time frame As well as the macd on the high time Frame we are presenting very similar Sell signals to what we saw back in 2021 Here you can see this is your 2021 Period you got a strong sell signal over There it created bearish Divergence uh RSI was coming down macd was coming down Price was moving towards the upside Putting in the first high at $65,000 your second High over here where The um little uh hand is that's pointing To the c signal that came in at $69,000 and ultimately you led into an Actual bare Market the second time now Is um what we've just experienced where
Uh Bitcoin has rallied up to 108,000 With price going higher and higher and The momentum oscillators here you have Your RSI coming down bearish Divergence Over there we have highlighted this in Real time we needed to wait for the Trigger to execute on that trade which We've now effectively done right but we Already identified this all the way back When Bitcoin was between that 108 and $105,000 region but we only got the Trigger for the breakdown of the range Low to exit that position um because Price action rules all right momentum Ators divergences these are all helpful Tools that you can utilize to predict Where things may go um it's you know It's various different layers right Price action where the actual price is Is the First Fundamental most important Thing when it comes to trading and then We utilize these things as confluent Factors supporting evidence if you will And now that we've broken below the Range lows uh that was below that $ 92 $93,000 Range low level in Bitcoin that Was the confirmation that you want to Start taking this incredibly seriously And now you got that two we macd um this Is probably one of the scariest of the Signals uh you got those moving averages Highlighted in the red circle over there Crossing but from quite a height which Means that there's a lot of room for
This to move towards the downside now You need to think of this like the oil Tankers that are sitting behind me over Here in the ocean when this thing starts To turn and that oil tanker has Committed to turn the corner um it's Going to continue to turn if if he Changes his mind again it's going to Take a long time for that ship to change Course once again and that's why you Want to take these signals incredibly Seriously when these Mac's and these Rsis on the high time frame start to Give their sell signals um it is cause For concern so I'm I'm checking the Comments over here um you know I know That is probably not the best Information but remember volatility in The market is what allows us to become So uber wealthy because we can play the Es and flows of the market cycle right It's as a trend Trader you want Volatility that volatility is a good Thing if the market is stagnant sideways And within a tight range and Incredibly Boring it becomes very very difficult to Succeed within the markets right so the Question is which way is Max pain I Think that the max pain is still towards The downside and you have to consider That the majority of people who entered Into the crypto markets in general over The course of the last year are Currently right now underwater and
Therefore max pain is towards downside That is the truth of the matter right we Can also look at the options max pain um Which I I haven't brought up today but We'll see if we can find it just now Okay we got price as well below the 21 Exponential moving average and as I Always teach in well school um by the Way guys make sure you jump into there If you haven't already uh you don't have To pay the $2,000 use one of the Exchange links in the description below Over here um I can recommend most of These exchanges are going to be Absolutely phenomenal with great signup Bonuses and you can get into whale School over there so according to this Um you know 21 weekly exponential moving Average angle towards the downside that Is an exit signal and I know it's Confusing because you do have your Weekly stochastic RSI which is at the Bottom and turning towards the upside And I'm sure that confuses a lot of People but remember this is where Bears Can maintain control when you're in the Top side over here uh look how long this Maintains in this section over here Price ultimately goes once the Stochastic RSI cross is up uh you Essentially run we can measure that out And this is this is how Bulls maintain Control you run 81% right so while it Hangs around in these low regions Bears
Can have control what am I saying am I Saying that you're shorting this thing To zero absolutely not all that I'm Saying is that uh really all you need to Do is wait for price to break and Reclaim these key sections let's maybe Use a clean Arrow over here to make a Little bit more um specific for you but All you need to do is either reclaim That or drop down into the box one or The other right that's where you start To take big trades um at those Extremities until then you know it's Pretty much a no trade zone uh I'm not I'm not shorting with size I'm shorting With smaller positions as I've shown Over here but not with size with size I'm pretty much just remaining in cash Right I'll enter sizable position if it Does come down into this 68 to 72 for a Short-term Bounce That Could lead to Anywhere around a 50% move that's Phenomenal gains um or alternatively I'll re I'll get long again if price can Break back Above This top section over Here so um according to this chart over Here it's increasingly more and more Bearish each day that we hang around These lower levels increases the chances That you're going to capitulate down Into this region and then bulls will be Hoping that price can find support 16% Down right that's going to be the key Area so that's still the current picture
That's still exactly what's going on Over there we're still below all the High volume areas nothing has changed in That regard we're now losing all these Moving averages prices hanging for Multiple days below all of them and Sooner or later if we if we do drop down That 16% you're probably inevitably Going to pull the light blue below the Dark blue meaning the 200 EMA is going To fall below the 200 Ma and that Becomes um a really bad sign right I Watching the RSI over here similar to What I showed on Tesla's already broken This level um Bitcoin RSI still in a Very very strong downtrend over there we Do have um uh well I think we've already Had the chance to play it out but the um Bullish Divergence right you can see Over here price going down RSI going up Um you kind of had the opportunity to Play that out and it didn't amount to Much right so this move over here that Was playing out the bullish Divergence Um how big of a move did you get let's Measure that out so I mean from the wick Low uh to the high over there you got About a 11% bounce so we'll see what the RSI does next all eyes on that to see What happens but your yellow line over Here is your RSI level right the yellow Horizontal let's clean this up for you So let's just wipe that out there we go The yellow horizontal over here is your
RSI pivot level means that if price is Above that it gives the RSI in the daily A chance to continue to slope towards The upside if you drop below that the RSI will turn back towards the downside At which point you can say that the Bullish um Divergence that we saw on the Daily had already played out and we've Reset and now we need to wait to see is There any other new form of Divergence Coming so again I did drop this Yesterday right I dropped this yesterday Showing how price tends to ride these Trend lines and occasionally when you Drop it like in the white circle over Here um the next push-up over here leads Into another rejection a double top um a Lower high whatever it is you want to Call it and then you tend to see price Run in the opposite direction so that Was the short trade that I gave the whal Room I actually mentioned it also uh Preemptively on the show but I gave the Detailed breakdown of everything that You're looking for um in the wh room Discord and that's exactly what's Happening right what would I do now I Think that um if you do want to Eliminate the risk you know um you can Take probably a little bit of profit Maybe take 20% off the table and then Reduce your risk over here um if price Does start to get back above these Wicks Uh you know if you want to reduce your
Risk to that point that makes a lot of Sense alternatively you could just Eliminate the risk completely and let This be a free trade and see if it rolls Over but you'd be looking to take the Majority of your profits in this region Over here and then maybe just leave 20 5 To 30% which you can run all the way Down to the bottom over here at 77,4 so That's what I'd be looking for again a Very very low volume El liquid Market Which means there can be a lot of uh Chop around right so um it's going to be A difficult trading environment at the Moment so be prepared that you can often Get stopped out but as long as you're Stopping out at break even um I think That that that's fair game right okay Also what I wanted to mention on the 4-Hour time frame over here you can see That this is also uh essentially Creating a bearish um a bearish wedge Over here Rising wedge uh following a Previously bearish move over there and Where would that take you uh the Breakdown of this would actually take You down to about $74,000 uh which means you should get Your full take profits over there so Lower lows and lower highs is the name Of the game and on the high time frames That is exactly what we're seeing again Guys a reminder uh wh score is not going To be free forever this is the last time
That it's going to be free if you do Want to join use the Link in the Description below 13 days left to join Um you can sign up to wex deposit $200 They'll give you $100 for free as a Welcome bonus um and then you can use That as well when you come as your as Your school fees right when you come to Whale school um we'll be doing uh all of The course content relevant to the Current market conditions so if you do Want to learn how to short the market 100% I'll be teaching that um in well School right okay continuing on over Here um there's I had a look at this Before I'm not going to spend too much Time on it there's kind of mixed signals Over here across the various different Time frames but let's just have a look At the um quickly at the five minute Time frame over here uh let's just clean That up so this is just focusing on the Open interest open interest has been Coming down you might see Longs trying To build a position over here um if you See open interest rising and price is uh Rising with the open interest over here And that does something like this into Another lower high then expect that when They flush at open interest is probably Going to lead to the next leg down but Again it's going to be heavily driven by The stock market so just keep an eye out On the stock market also just quickly
Checking in on the trading Bots um Everything is still filling the Positions over here on pinex there is a Link below to those Bots if you do want Them uh so we'll continue to monitor That and eth BTC right eth BTC creating New cycle lows unbelievable new cycle Lows over here it's been absolutely Brutal 1,533 days Which is just feels like a lifetime Right um I mean that's years like four Years since it's tested this last region This was 2020 that led to that parabolic Advancement over there with a massive Massive rise I think it took e to around That $5,000 mark4 to $5,000 and now eth BTC has lost a lot of ground against Bitcoin all the way back down here again Don't try in front run this trade um Wait for a proper breakup structure and For the trend to completely reverse Right so the breakup structures we had Previously outlined were over there now We can lower this right I would now be Looking down to this region true safety Will come in above that but if you want An aggressive entry you're waiting for a Break above the yellow line 0.029 right 0.029 now if you don't want To take my word for it that the trends Are down what you can use is an EMA Ribbon like this the super guppy Indicates on The Daily at the very least
When it comes to your trading um have a Look at your charts on The Daily time Frame this uses a whole conglomerate of Moving averages in EMAs 3 9 12 15 18 it Goes up in multiples of three all the Way up to 66 right and what it shows is When it's red you are essentially in a Downtrend I do teach this in um in whal School right so if you want the um easy Route just go to wh school over there And you can learn about it now if you Look at BTC it's red right on the daily It's red if we look at eth on The Daily It's very red if we look at salana it's Red right if we look at suie so if You're debating whether your coins in an Uptrend or downtrend just come and have A look at this suie in a downtrend hype In a downtrend Zeta in a terrible Downtrend a very powerful one bear chain Not enough price history to look at um Near in a downtrend cardano this one's Interesting right because this was in an Uptrend hold neutral and now it's Starting to turn red alium in a powerful Downtrend apos in a downtrend atom in a Downtrend aax in a downtrend a Zer in a Downtrend phantom um this has got more Pricey STS of course called Sonic now But also in a downtrend in injective Powerful downtrend Casper downtrend Cara Um chopping about over there say in a Downtrend ton in a downtrend so I mean You can play a little game over here and
Go find the coin that is actually in an Uptrend is there anything in an uptrend Maybe xrp actually which is so ironic Because um we know how hated xrp is and That Community remains super strong um It's not in a downtrend but it's neutral Um and I guess you have to wait for the Next directional move over here on xrp So that's what we're looking at over Here on at least the daily time frame uh Let's see if there's anything else on These time frames that we have to look At um if you do so happen to find a Coin That is strong for example that's not in A strong downtrend uh but is in a Neutral position or an uptrend always Remember to go and have a look at the Pairing to see what that coin looks like Against Bitcoin because if find Something that's in an uptrend but it's In a downtrend against Bitcoin it's Probably still not worth jumping into Right so if you look over here for Example at sui sui deviated the top of The trading range it does have mid-range Support against the Bitcoin pair over Here that's going to be coming in around 2,500 satosi those are your last four Digits right um otherwise pretty much Everything is getting crushed against Bitcoin right so BTC marking down yet Again I mean that was pretty much a Relief bounce into the underside Resistance testing that and failed and
Now it's just rolling over yet again Right um and these Trends can persist For long periods of time so stay safe Out there stay safe guys um you know Just remain patient now is the time to Be in capital preservation mode look After your Capital preserve it right be Very very careful out there uh and then Uh when the time is right you can start To establish positions okay I see some Of you said Mantra yes Mantra has been One that's been phenomenally strong so Let's actually have a look at it um on The super guppy and see how that one Looks um green right so this one's still Maintaining green so then what do you do You go through over here and you have a Look at Mantra against Bitcoin and how Does that look and it looks powerful Right Mantra has been one of the Absolute absolute strongest coins that Are out there um I would just watch for Uh on the BTC pair if you ever took a Long trade on this you know um so if You're bues that Bitcoin that this is Putting in a if if your buys for the Current crypto markets and the stock Market Market is that this is a big bear Trap I definitely think it's more um Wise to look towards coins like this That are in a powerful uptrend and if You are going to for some reason play The long side because you think it's a Big bear trap look to the coins that are
Strong right like Mantra find your entry On the USD pair check the BTC pairing to See that it's still strong uh this is Kind of your range bound environment I'll probably tighten this up a bit uh Let's maybe put that into the same color Over there and we'll go into there we go Into white let's just make this one White it's not okay it is white okay There we go so this is your trading Range as long as you maintain the Trading range and you're holding that Range low support then theoretically yes It makes more sense to hold Mantra USD Than mant than than holding um anything Else right or holding BTC for example so If it can maintain this as long as you Don't put in another lower high or swing Failure over here because you can see Look at the amount of selling pressure Over there based on those Wicks right Multiple multiple days of um at least Distribution over there price comes down Holds up so would I buy here no probably Not I'd wait for it to either break and Hold over there um and therefore you buy The breakout level over here and the Retest into the Range High or you need To wait for it to continue to range at That point your uh moving average will Continue up and then you might find some Mid-range support for a safer entry so That's what I'd be looking at over there Let me know in the comments if there's
Anything else to have a look at I know Also by the way guys I know that we have A um a bull moon but remember what I Said price action trumps all right we Have a bull Moon the bull moon is been In effect for a couple of days bull Moons in downtrends are less reliable Bare moons in downtrends are extra Reliable bull moons in uptrends are Extra reliable but bare moons in Uptrends are not so reliable right so Basically it all comes down to Trend the Trend is the most important thing over There we're four days in could you get a High Spike absolutely but I don't Believe that price price is suddenly Going to run away from you um if you are A bull at heart I'm a bull at heart I Believe things are going up um over time To who knows how many millions of Dollars per Bitcoin but it's not going To do it in one candle right if you do Get a breakout or look something like This you know you need a big pushup you Need to break Above This level there's So much work to be done over here before You do that you're probably still going To reject come down create a high low There'll be ample opportunity to see That things are reversing right now you Need to protect your capital right be Safe out there be safe out there don't Lose money and if you want to make money Please come to uh to wh room as well
Right there's a link in the description Below jump into wh room will help you Out there to trade the market so that's It from me folks thank you so much for Watching I appreciate each and every Single one of you I will see you on the Next one and the wh room members we'll Be doing our live session later on today So I'll see you on the next one have a Good day and cheers for now