Bitcoin: Do NOT Buy The Dip, More Dumps Incoming

Right. Welcome back to another video trade poll. Yesterday ended up being another banger. I really hope that you guys are following along and actually taking these trades because, like, I am pretty positive that I'm one of the only ones throughout the last four to five weeks that has been accurately predicting almost every major dip. And I would even like to believe that you guys watching this channel are some of the most profitable viewers of a channel on YouTube at the moment. Because you got so many guys that are like, oh yeah, you know, just buy the dip and you'll be good. Oh yeah, the bottom is in and they're making all of these predictions. That's just honestly like getting everyone into trouble and losing all of their followers money. But anyways, that is the 128th win yesterday out of the last 163 trade calls. So that is about an 80% win rate. And speaking about 80% win rate, I'm going to be breaking down this exact strategy that you've seen over the last four to five weeks where I've just, you know, shorted almost every drop. I'm going to be teaching this live in a free masterclass. Click the first link in the description box below. Sign up, and everyone that signs up beforehand, you guys get a bonus. But anyways, going into the video for today, we're going to look to replicate the success that we had from yesterday and we're going to kick things off on the week daily chart. And so far this is super bearish. And even before we talk about the daily chart, like, guys, how insane is it that at the start of the week one of the first things that I mentioned is, hey, weekly power of three. You're going to get the high of the week on Monday or Tuesday and then you're going to drop for the rest of the week. Monday tends to be the opening range for the week where maybe Tuesday or Wednesday we might get a manipulation. And like, what I was talking about. So Tuesday, this is maybe the high of the week. And then Wednesday you start with distribution, Thursday you follow, and then Friday you chill and maybe even start a reversal. And Monday and the high of the week came on Tuesday where the video title was literally Tuesday high of the week could be in like, this is a model that has precision and like, yeah, how insane is this? So so far, the weekly power of three is already playing out. But due to yesterday's daily candle still being quite bearish, we are still going to look for shorts. And to be honest, like, today is just so straightforward compared to yesterday. It is also Straightforward. In fact, Tuesday or Wednes, in fact, Wednesday was also super straightforward. In fact, this entire week has been just amazing for trading. And if you just traded it, you know, lower, you would have, you know, just had a lot of success. And specifically this time around, what we're going to look for is for price to come into either the order block or the further gap on the one hourly chart. And in the event that you come into either one of these levels, you're going to be looking for a retracement to the downside. And, yeah, the dump is going to continue. Unfortunately, as much as I hate for my bags to go into the red as well, the truth is, at the end of the day, we're trading what the market tells us. And for the past four to five weeks, it's been telling us it's bearish. It's been telling us that it wants to go down. And us as traders, we're not going to just, you know, disregard this. We are going to trade this lower. And so today that is going to be the setup. Now, in the event that you start closing beneath this level right here at $97,000, it also means that you are going to be looking for a retracement, which is kind of like a continuation type of trade. Essentially. You're not going to look for a retrace. Like, it could still happen, but just momentum trading this lower is also a very valid setup. And so I'm just going to mark, you know, this block here out on 1am chart. And the invalidation scenario for today is just, you know, if you break above this level, basically you have to break above 100k before this bearish scenario gets invalidated. But chances of that happening is not super high, so just watch out. But the chances of that happening is honestly not super high. Not just, you know, considering this week's order flow, but if you consider the order flow from like, you know, three to four weeks ago, this has just been dropping and dropping like a rock. And there is no indication that things are about to reverse yet. For those of you who are thinking about, oh, yeah, buy the dip or like, yeah, you know, just buy low, you know, average your price lower, let me tell you one thing right now that is one of the most, like, the easiest ways and the most certain ways that you're going to lose money from, you know, just investing or trading in general. Because what you're doing in this case is like, imagine every single person that bought the dip in the last four to five weeks, right? Oh, yeah, 110k is going to be the bottom? Oh yeah, 100k is going to be the bottom. Guess what? All of them are down right now. Why? When you buy the dip, you're buying into something that is fundamentally putting in bearish structure. You're buying into something that is fundamentally dropping. That's why people say, you know, don't catch falling nice. Most of the time you're going to get hurt. Every now and then you may catch a bottom, but, but nine times out of ten you're going to be losing money. This is something that, you know, if you, over the course of a sample size of, let's say a hundred, you're more likely to lose money following this strategy than you are to make money now. A much better approach to the current market conditions is to just wait for bullish momentum to come back. Right? It's never too late. Once you get a few, you know, breaks of structure, changes in order, flow and stuff like that. And you know, you're putting in a bullish weekly candle, you're putting in multiple bullish daily candles. At that point you jump back in because, well, now the market is showing you like for a fact that there are interested buyers that are getting into the markets at that price right now. The fact that it keeps dropping means that there is nobody interested in buying into bitcoin at these levels. There's not enough buyers to maintain the price at current levels. So why do you feel like, you know, why do you feel need to, you know, jump in, try to catch the bottom? Probably to satisfy your ego, right? It's something that feels really good about all. Oh yeah, bro, I caught the boner at $95,000. It's now at $105,000. Look how great I am. But all I have to say to you know, you guys who think like that is, you know, you could do two things in trading or investing. You could look to make money or you could look to be right. Unfortunately, most of the time like you don't need to be right to make money. And even when you're right, you don't necessarily make money. So get clear on your priorities and let's get back into the video with the intraday setup. Let's go down into the five minute chart just to see what the Asia session is showing us. So Asia, so London has traded below the Asia, you have gotten one sweep, but for the most part you are kind of stabilizing around the Asia lows, which leads me to believe that, you know, with all of these relative equal highs that are Forming here. Like there's a very high chance that you are going to just sweep this level, fill in the higher time frame PD and then that's when you get the five minute changes to delivery. Back to the downside as usual. I called the trade yesterday on live, like live on Twitter. I called the train on Wednesday live on Twitter. Like I called all of these trades live on Twitter. You guys, unlike most other people that would like, oh yeah, you know, join my signals group to get access to all these trades, you get it for free on X. So follow me at Underscore Yard Crypto. That's where I'm going to be posting my trade setups if we get it. But for now this scenario is going to be like ideal scenario. You know, sweep out all these highs, fill in the PD rate and get that five minute change in state of delivery. And as usual the timing that you're going to want to look for all of this is just 7am to 10am New York and Ethereum is looking pretty bearish as well. This is so far going to be the intraday target for ETH and you're getting a bearish daily bias. Not only that, you are getting a one hourly changes to a delivery underneath these like, well this, this order block basically. So yeah, you're just going to look for ETH to drop from this point onwards. You're not necessarily going to look for ETH to come back into, you know, these upper fair value gaps because it's looking relatively, you know, weaker compared to Bitcoin. Whereas Bitcoin, you know, you're already kind of halfway into the February gap. But with Ethereum it's looking a lot, you know, just different. But still in the event that Price gets into either one of these favorite graphs, this is still going to be a valid setup. Just, you know, come in here, wait for key timings, ideally around 8:30 usually on Friday, you know, you have news at 8:30 which is why I'm kind of mentioning that timing. So you know, between 7:30, 8:30, 9:30, whatever, as long as the timing aligns, as long as the price action also aligns, as long as you get the five minute changes there, literally you're going to be good to go for a short. Now in terms of the lower time frame, we can see that the Asia high has not yet been swept either and fair bit gap exists above the Asia high. So yeah, in the event that you sweep above the Asia highs, fill in the higher time frame PD arrays, you're going to be all good to go For a short once you get that five minute change in state of delivery. And taking a look at Solana as well, by the way, like there's guy in VIP that has been absolutely killing it with Solana. Like just utilizing all of these calls to make a whole lot of money. But anyways, that on the daily chart that's the order block that's a little bit too far out to be relevant for what we're doing today though, just taking a look at the daily buys. Bearish kind of close. So we are bearish. And taking a look at the one hourly chart you have order block and you also have fair bit again. So for the most part Solana is going to be the exact same setup compared to eth. The ETH is going to be the exact same setup compared to Bitcoin. The only thing I would advise, as usual, is to not open a trade or at least not to open a short trade on all of these at the same time. Because ultimately you're going to be trading the same thing basically. Like you're just going to be opening multiple positions, but they're all the same position. So in the event that you lose the trade, well, you're going to lose much more than you initially anticipated. So just be careful of that. But anyways, for those of you who have already signed up to Masterclass and have not yet joined vip, like this is something that's already making everyone their money back like this. It costs less than what you would pay for a signals group, but the results that you're going to get is going to mark just much more than signals group could ever give you. So if you're serious about learning, consider joining vip. I'll also put the link of the VIP page down below, but otherwise I'll see you guys next week. Happy trading. See you on X later. Ciao.