big move coming for Bitcoin this week? (here's where to buy)

What's good, guys? Welcome back to another video. It's a new week on Bitcoin, and you know what that means. We are hopefully going to get a lot more opportunities to trade this week as compared to last week, because one thing's for sure, last week was one hell of a ride. The week before was just completely choppy and devoid of any sort of price movement. And so we haven't had the greatest last couple of weeks, but I think so far the volatility is looking a lot better, and we might be having our luck turn around for the first time in a couple of weeks. So yeah, in this video, I'm going to give you the weekly outlook in terms of Bitcoin, going to break down the exact trade that I'm looking for in terms of today. And if you think I sound A little bit tired, or if I look really tired. I actually spent the last couple of days at EDC Korea, basically sleeping at like four a.m. It was a whole lot of absolute fun though. Honestly, first EDM festival that I've been to where I didn't sweat. If anything, I had to go in like double or triple layers because it was so windy and cold. But overall, great event. But otherwise, yeah, we're gonna kick things off on the weekly chart, and I have no idea what just happened with. What is wrong with TradingView? Do we get some update? These wicks look horrendous. What the heck? It could just be me lagging or something. No way. Yo, those wicks are horrible. What the heck happened there? I've never seen TradingView wicks look like this before. Well, that is really ugly. What the heck? Guys, if you know how to turn this off, let me know. This is— wow, that is jarring. Yeah, anyways, a weekly chart. We're going to zoom out a little bit though, because I ain't going to want to see those wicks. So far we're looking at a bullish weekly bias, which means for this week we are going to be expecting some sort of very bullish weekly Expansion. So essentially, the way we make use of this information, the moment we understand that we have a bullish weekly bias, is that assuming that this is the weekly open, anytime price actually goes below the weekly open, it gives us an opportunity to basically buy low and potentially sell high later before the weekly closes. Just to give you an idea about how this would look like, this candle closed really bullish right here. So on this week, we expect a weekly expansion towards the upside. And likewise, we would look for some sort of a buy. In this case, there wasn't much of a dip, but eventually price just kind of exploded towards the upside. This Last week was the same, right? Where because we were bullish for the week, I already told you guys that we would look for this to be the low of the week and then for some sort of expansion towards the upside to take out the previous weekly high. Now the only part that I got wrong was the fact that we would take out the previous weekly high because on Monday, Tuesday, and Wednesday we were waiting for exactly that, right? Monday, Tuesday, Wednesday, you came into this level here to retest. Then eventually that ended up being the low of the week and off you go. Would it have killed the market to give us just a tiny bit more kind of movement so that the target could be hit? Well, I'll just say that part is out of my control. So anyways, This week we're going to be playing this the exact same way. This is the weekly open. Currently Monday has been, you know, trading towards the downside, which is great. But you know what the beautiful thing is? Hourly chart is already showing some sort of, um, willingness to go towards the upside, right? Just to give you an idea about what I mean, this is very much bullish CUSD, right? In terms of the hourly right here, the order flow is very bullish. And so far it's higher lows, higher highs. And at the moment, if we manage to break through this level at $87,000, this is definitely going to be a higher high. Now The trade for today is going to be less straightforward as compared to, you know, looking at the hourly chart though. Now, just right before I get into the trade for today, it's important to look at the daily chart. And the daily chart is— well, it's pretty rare to actually see Sundays be this volatile where we have, you know, a straight up very bullish close. So today, same thing here, right? If we're looking for a trade, we would look for some sort of buy close. Like anytime you go below the daily open, because you're bullish for the day because of yesterday's bullish close, anytime you go below the daily open, it gives you an opportunity. So as soon as you see some willingness or an opportunity to get in, you will— you can be pretty confident that this will be the low of the day before some sort of expansion towards the upside before you eventually close the candle. This concept, by the way, is called the Power of 3, and it's something that I've used time and time again over the last couple of years where I have publicly documented my trades. And one of the reasons why I'm able to maintain such a consistent win rate when it comes to— or even just a consistent rate of reading where the market is going to go next— comes down to my understanding of liquidity, the power of 3, and simple order flow. And if these things sound like absolute gibberish to you, I'm going to link a video at the end of this, um, YouTube video where, you know, I kind of explain these concepts in a very beginner-friendly way. So definitely check that out. But for now, let's go into the 1-hour chart. We've already confirmed that the order flow is bullish, which is kind of the purpose of the 1-hour chart. Now to get into the setup. Now in terms of the setup, we basically have an order block over here that price, you know, almost seems to have filled but not really, and then it started pumping away. So in terms of the 1-hourly, I don't really see too much extra information that would kind of tell me like, okay, yeah, this is the area We're going to look for a trade. So let's just go down into the five minute to look for that. And beautiful, you know, just right before recording this video, the moment I took a look at the five minute chart, I was very much ready to just say something along the lines of like, yeah, I just don't have enough information yet. Let's let's wait for something particular to happen, and that something particular would be this, where essentially London is usually the session of manipulation. Now, what I really wanted to see during London was some sort of a liquidity sweep followed by ACISD. So essentially, some sort of a broken base, right? That's the official technical term, which. That video that I'm going to link at the end of this video will explain this as well. Basically, you want to look for a liquidity sweep in the direction of the trend that you're expecting. But then, right, that's step one. Step two is that you need to get a CSD. So by the time you guys watch this video, in the event that you actually get a candle close on the five minute above 86,465, this is known as a broken base where you sweep out the liquidity, right? You remove basically a lot of the reason that the markets still has to drive price lower. But not only that, price actually pumps aggressively to show that there is a group of interested buyers in pushing price. Price higher. And especially after a liquidity sweep, this is one of the highest probability entry models that you could possibly have with this system. Now, the only thing I would caution you about is the fact that today is Monday, and it happens to also be a no-news Monday, which again is pretty rare because usually the first Monday of the month tends to have news. Unfortunately, it's, uh, it's just not one of those days. In fact, I even have a theory that— and I was asked this by one of my students just like on last week's, uh, kind of trading call where a lot of us kind of compared our trading results throughout the month of September, and the recurring theme was that basically anyone using this system was having trouble. Now, this is a perfectly normal part of trading. Like, having drawdowns is absolutely normal. There are also going to be times where the system is just not going to perform as well for various reasons, and this is not a bug, it is a feature. As long as, for example, this trading system that you've been seeing right here is a system that is primarily a trend trading system, which means that naturally when price is in a range such as what you saw 2 weeks ago, naturally you're going to get less opportunities, and even when you get opportunities to trade, they're not going to play out as often. That's just a perfectly normal part of trading. On the flip side of the equation, when the market actually trends again, like, guess what? We're going to have a really easy time just making a load of money. But until that happens, the goal is capital preservation, right? It's to make sure that we don't lose our entire account before those optimal trading conditions come back. But just to get back to what we were talking about last week in the trading call, we were like, okay, what could be some reasons that, you know, this system has been struggling? Because interesting thing is that quite a few of the students that were trading pure purely the London session were making an absolute killing out of the markets, whereas New York was treating them really horribly. So one of the hypotheses, which again is just a hypothesis, I just feel like it would be worthwhile to share it with you. This last month has been very, let's just say, empty in terms of news. I'm going to start printing this from the month of September all the way till the end of October. And if we purely look at USD news, you can see that the majority of this is really empty. Now this week that we're dealing with right now looks to be the emptiest of the lot. Maybe this one right here on Monday, October 19th. But for the most part, we've had very little news, right? There's 1, 2 USD news. We've had 3, 4, 5, 6, and 7. So we've had a grand total of 7 pieces of USD red folder high-impact news throughout the entire month of September. Which brings me on to the reason why I'm sharing this. It's basically when there is no news, the there is less of a kind of clear incentive for the market makers to deliver like really clean price action. It's also the reason why you see long ranges before liquidity sweeps on both sides and then price kind of starts running. But on the flip side of the equation, London seems to be a lot less affected by a lack of news as compared to New York. As one of my students funnily put it, during the New York session, Mr. Donald is awake, which means the markets could just at any given moment just do a complete 180 and just shoot to the moon or dump to the ground depending on what tweet or what he's saying. And London, Mr. Donald is asleep, so the market gets to do its thing peacefully. And I would tend to agree. Now, that has definitely prompted me, like, I'm also learning things from my students as well. One thing I'm definitely gonna be doing is to get involved in the London session a little bit more this month. But yeah, if this month is gonna look anything like last month because of a complete lack of news, I'm gonna start calling different assets that we can potentially look at. Like, don't get me wrong, I only make videos on Bitcoin because it's the name of the channel and it's what I've always done and this is what you guys are here for. I'm gonna start mentioning like other different assets If, you know, there comes the need. Because one thing I can tell you for sure is that I've been making way more money on forex and indices over the last— like, that's what actually kept my account afloat. Meanwhile, basically all of my Bitcoin trades were like losses. Meanwhile, basically all of my crypto trades ended up being losers, but forex, indices was keeping my account afloat. By the way, if you guys aren't getting into forex and indices yet, like, I genuinely think you are missing out. So often we as crypto bros, we look at these charts that look and sound completely different. The UI/UX for the trading app for these are completely different. And, you know, we get intimidated, and that's perfectly normal because, you know, there's a— as humans, there is a natural, you know, fear of the unknown. But let me tell you, Forex can be a lot easier to get into compared to crypto. If anything, it may look intimidating, but if you just look up a guide on YouTube like, hey, how do you use a Forex broker? What are the terminologies of Forex, like lot sizes and contract sizes or whatever. Trust me, you're going to figure it out in like 30 minutes. It's a lot less convoluted than crypto, and this gives you an opportunity to have other asset classes that you can trade when Bitcoin isn't quite providing you with ample amounts of opportunities. With that rant out of the way, let's get into the trade setup for the day. This is going to be number 1. Now number 2 is that in the event that price just kind of keeps dropping, like by the time you guys watch this video, I would heavily suggest not trading on Mondays. This was the other thing that was brought up during the last live trading call with my students that I'm just taking some time to share here. But basically we have quite a few like 7-figure traders. I'm talking like guys who are funded for more than $1 million, already withdrawn. Like they're averaging like at least $10K to $20K a month in terms of trading payouts. And it's those guys that I oftentimes kind of use as the kind of benchmark on what's currently working in terms of the system and, you know, kind of what are their best practices. And one thing I can tell you for sure, including myself, and I've also voiced this for many, many months, which is essentially that Monday tends to be just an extended weekend. Like, if you can avoid trading Mondays, you should. The reason being, even though I have like a 75% win rate across 250 publicly tracked trades across the last 2 years, like the majority of my losses actually comes on Mondays. And same thing applies for these big 7-figure traders as well. The majority of their losses comes on Monday. What tends to happen on Monday is that price action looks incredibly beautiful for good reason. Monday's the first day of the week, which means there is a bunch of pent-up kind of weekend volatility just entering the market all at once. And what happens is yeah, Monday's volatile, you see decent price action, but for some reason when it comes time for the setup to actually play out in your favor, it just doesn't, right? It just does a lot of shenanigans. So if you, if you're able to not trade Monday, like do that. There are so many times where I've seen the absolute perfect setup in terms of technicals, I get in just to get stopped out and I wouldn't be able to explain why. And this is also a power of like doing some journaling so that you can understand like your data, right? Which are your most profitable days? For me, that's Tuesday, Wednesday, Thursdays. Fridays I tend to lose a lot as well. Probably for the same reason where it's like the end of the week and there's just a lot of shenanigans happening, but not always, right? That's not a hard and fast rule. Monday for sure though, like I tend to avoid it if I can. So many times I've been burned, like just because it looks great, I get into it and I end up losing money. So just to get back to the point that I was trying to make before, in the event that you see the market just kind of continue to drop and drop and drop by the time you guys watch this video, then just understand that it's probably going to be a no trade because today we're technically supposed to be looking for longs considering that we have a bullish daily bias. And In the event that you start dumping, it means that Monday and Tuesday are probably going to kind of set up for some sort of a midweek reversal. Basically, if you guys recall on the weekly bias earlier, I mentioned that anytime you go below the weekly open, you give yourself an opportunity to potentially get in on the low of the week, right? Today's only the first— there's only been the first few hours of the new trading week, so it's perfectly normal for, you know, this initial kind of false move to last for a couple of days. Last week, for example, we saw 3 straight days where we spent time at around this level before price expanded out of it. Same thing could happen this week. So in the event that you don't see this bullish order flow as you head into the New York session, then today's going to be a no-trade day. Now, in the event that you have bullish order flow, then I think this is like— if this happens exactly the way that I'm drawing it out on my chart right now, then I think you have a pretty decent chance of getting a good trade out of today. And by the time you watch this video, in the event that, you know, price is just like super bullish, feel free to hop in at some point when you see a new order block, as long as it's between the hours of 7 AM to 10 AM. I would even lean closer to like 8:30 or 9:30 before you start looking for entries. Because for the last month, 9:30, we've always seen like the true move only happen after 9:30, probably for the reason like because we're lacking news. There is no like news catalyst to drive clean price movement before 9:30. But 9:30 holds significance because this is the New York futures open, which means this is where a lot of volatility tends to come in during the New York session. This is when your big, you know, kind of players come into the markets. That's when the NASDAQ opens, and you've got a lot of wonderful, wonderful reasons for price to actually move. Just to give you an idea about what I mean, last week, last Friday was the only time where that was different, where because we had news at 8:30, we actually got a 2-hour out-of-the-trade kind of play out last Friday with this pump here. And usually for the past month, we don't see any sort of price movement before 9:30. And then 9:30 hits, right? This is the 9:30 candle right here. And then boom, that's when, you know, huge reversal, a lot more volatility coming in. And this has been the exact trend that we've been observing over the last month. Not a hard and fast rule, of course, just a rule of thumb. But as you can see here, this is is basically prior to 9:30 you have one move and after 9:30 you have another move. That has been happening a lot. So in the event that you get in before 9:30, just make sure you get out at 2R, right? Take profit at 2R. And in the event that you're looking for a trade at 9:30, like, just understand you're probably going to have the rest of the day to trade. Although I will not be trading that because I'm in Asia and I ain't about to trade all the way into the midnight. Anyways, if you like the philosophy of the way that I approach trading, or if you can see that I'm incredibly consistent, and if you would like to be consistent with your trading as well, I want you to click the first link in the description box below and book a call with my team where we're going to work one-on-one with you and take you through every step of the way where like, yeah, we're just going to handhold you through the whole process and get you consistent really fast. We have had 45 students actually join the program before and 31 of them are currently funded for more than $100,000. That's a success rate of close to 70% for the people that have actually put in the work. We cannot have this success rate if what we do doesn't work or if we don't care about student success. So if you're interested, check it out. Otherwise, check out this video right here. Ciao ciao.