Bitcoin & Ethereum: Not Looking Good...

What's good, guys? Welcome back to another video. Today, the editor is out to attend a wedding, so you're gonna have to bear with an unedited video. Thankfully, the image looks pretty good out of camera, but I'm not gonna waste too much time. Let's get into the trade setup for today on bitcoin. Now, just to kick things off, yesterday ended up being a no trade. As you can see, like on the daily chart. This is like there is nowhere as evident as on the daily chart where yesterday ended up being an inside bar. Which means even though we were targeting the previous daily high yesterday, yeah, we just ended up not going for the daily high or the daily dough. And we got an inside bar. Which goes to show you that yesterday was incredibly choppy. If you just take a look at the price action, basically it went opposite the direction that we were calling for. And also, like, there ended up not being a CISD towards the bullish side, even though the relative equal lows were taken out. All of this was publicly called on Twitter. So if you would like to follow along some of the trade updates, feel free to follow me on Twitter. But otherwise let's. Well, let's make myself smaller because I am definitely not the focus of this video. And let's get to the bitcoin trade for today. Now, kicking things off, we have a bullish daily bias. Keep in mind that we are still dealing with this favority gap over here on the daily chart, which means that by the time that we get into the favorite gap, we are going to be looking for a short because overall on the day chart, we are pretty bearish intense of like, that's a CISD overdeb to. It's a bearish direction. And yes, we are at a bullish order block right now, but momentum seems to be pointing towards the downside. And so we're not going to be looking for any longs on the swing trading perspective until most likely much later. But for now, the intraday trade for today should still be towards the long side. But before we do that, let's get into a bit of news because it's good to understand where or what time is the news and what news we have before we, you know, dive into the trade. Because news is a huge catalyst when it comes to price action. And when you have news versus when you don't, there's a huge difference. Also news, again, it's a catalyst for volatility, which means that we're able to focus our trading at a specific time window. A it saves us time from needing to look at the charts and wasting time. B In that time that we're looking at the charts we're just going to be exhausting ourselves because, well, there's not going to be much volatility if there is no reason for there to be volatility. And so three this also increases the probability of the overall system that we are using. No, not now Siri. It increases the probability overall probability of the system that we're using here. And right off the get go we can see that we have news at 9:45am which means the ideal trading window for today is going to be an hour before news to the hour after news. So ideal training window 8:30 to about 11:00am and that is going to be the time when whatever that I'm going to look for on the charts later, chances are it's going to happen at around that time. And if it does happen at around that time, guess what? You have an A setup on your hands of all of this will definitely be updated on Twitter so feel free to follow me at Twitter link is in the description box below. I post all of my live trades over there for absolutely free of charge. Not gated behind some signals group or whatever. But anyways just kick things off. We have a bullish daily bias and so we're looking for a long so far on the one hourly time frame we are going to look for either liquidity levels or PD arrays that we can use to take advantage of, you know, any such longs. And right off the get go I can see that there is no such PD array. Maybe we have a liquidity level over here and maybe we have FAB down here. Now I do expect this, you know, low to get swept before the time that we get to news mainly because if we were to just pump through from this point onwards we might have left behind some sort of relatively equal low. Oh not really actually it's just at the 0.705. All right, I take my words back. So there is a possibility that the liquidity level could be taken out and then you might fill in this further gap before some sort of upside move. The second scenario that could happen is that by the time you get towards a news window you may already you get some sort of a cisd. In this case the level to watch for is going to be $89,500. If you get a candle close on one hourly chart before news above this level then that kind of gives you a, you know, early CICD where you can take advantage of some sort of a upwards movement where new prior resistance can be broken and then treated or flipped into support. Now that's scenario number two. As for which one is going to happen, well, only time will tell. It's hard for me to predict that, you know, price is not going to go all the way down to 88500 and sweep that level out before going to the upside. In fact, it's not my job either as a trader, believe it or not. Like as traders, we are oftentimes misled into thinking that it's our job to know exactly what the market's going to do next. When in reality it's more of a game of reading and reacting, right? Planning out a couple of high probability scenarios, planning out the date and then depending on if A or B hits. Well, we already have a game plan for A, we have a game plan for B and at the end of the day it's more of a game of reading and reacting compared to predicting. That is trading in a nutshell. But so far just keep in mind that that is going to be the minimum kind of signal that we want to see before we jump into longs. If that happens, that means that, you know, these couple of relatively lows over here have been swept. Prices came back to the705 within this trading range right here and that will be a optimal trading setup. Only problem is, even if, you know, price breaks above that level, just keep in mind that this is still prior resistance, right? This is a bearish water block over here, but overall definitely looking a little bit messy. I expect as we get closer to news we're going to get much more, let's say neat or at least price action that feels a little bit more clear at least for now. You could make an argument that, you know, you have gotten a CIC to the downside. You could also make an argument that oh yeah, because the daily bias is bullish, we are going to look for a bullish trade. Anything's possible today. I'll definitely keep you guys posted on Twitter and I wish I did not have to give that answer. There are many days where unable to just give you the call right here on the video. There are days where I'm unable to and out of the responsibility that I have towards you guys, making sure that I'm not giving any wrong calls and making sure that I'm being as cautious as possible because this video is not just for me, right? I'm able to adapt to the markets. But an absolute beginner, if that is you watching this, you need a Little bit more than that and more above anything else. Right. You need some sort of. Yeah. Just understand that I feel responsible for your success or losses and I do not make calls lightly. But otherwise, yeah, there is a chance that, you know, you do not get that CIC towards the outside in the. In which case you're probably going to get rejected off of this order block right here. And instead of looking at a potential Asia accumulation London manipulation followed by New York distribution towards the direction of the daily bias, we may end up with instead a Asia London breaks below Asia treat the or Asia New York continuation back down to target these lows. And I know that is going to be against the daily bias, but I'm just saying that is a very likely scenario if we do not get any sort of bullishness or at least any sort of bullish confirmation on the one hour chart. So just be prepared for that possibility. And if we go down into the five minute chart and you will see exactly what I mean, that's the Asia London so far has been trading the majority of it, but the majority of volume and time in London has been below the Asia lows. So. So that leads me to believe that we could potentially be looking at some sort of a accumulation breakout and then retrace continuation for New York. So I will definitely update that as we get closer and closer to news. But then next we move into Ethereum and Ethereum is definitely on a bearish bias, so we could potentially be looking for a short here. And Ethereum is so clearly like not looking great in terms of longs. If you take a look here, you already have a cisd. Now besides that, you also have a bearish order block that you could retrace into. And so I think the setup for Ethereum is, I rarely say this, but just purely based off of the fact that, you know, on Ethereum, the moment I hop onto the chart, it's immediately clear to me that hey, this is probably a bearish setup and we can make the argument immediately like we don't have to kind of like, oh, is it going to be bullish? Oh, is it going to be bearish? And this is a pro tip, by the way. If you got, you know, if you're newer to trading, one of the most telltale signs that you will have when it comes to, all right, is today an A day? Is this a really good setup or is this a subpar setup? Is how quickly is it evident that hey, we're looking at a setup versus you have to do all you have to spend A few minutes, like kind of rationalizing, kind of like debating against yourself like oh this is long, this is short. Your moments like that could be a little warning sign that things are not as clear as you think. And when that happens, it's perfectly fine to just sit that one out. So today I might even say that Ethereum is looking a lot more clear compared to Bitcoin. So basically as we get closer and closer to the news window, if we do not get that one hourly, you know, break above that level that I talked about on Bitcoin just now, I would just focus my attention to going short on Ethereum. The two levels to watch is definitely this big order block over here which you can further narrow down to this smaller order book and you can also have this more family gap over there or of which coincides with that overall larger order block. And in terms of target I think we are going to target 2864 because that is the previous swing low as well as this one right here. So just keep in mind that the so far setup is pretty clear and as you get closer to the news window all you're going to want to look for is price to A have already touched this level at B give you a five minute change in state of delivery towards the downside if that happens. Brilliant. That's going to be the setup for today. And lastly next move into Salana. Salana we have a bearish daily buy so far and in terms of the setup, yep like you definitely got an AC isd very much similar towards, very much similar to Ethereum. And couple of setups over here is going to be these couple of order blocks. So as well as this one like all of this is resistance until proven otherwise. And to prove this otherwise it's Solana and Ethereum would need to close above that bearish resistance. But overall Solana and Eth looking much more clear than Bitcoin which is pretty rare. So I'll definitely focus on both of those for a short and I would definitely focus on Bitcoin if, if and only if bullish and we break above that level kind of close if we get that then bitcoin Otherwise Galana and guys, I will see you on Twitter later and yeah, I hope you enjoyed this no edit video and yeah, I'll see you later.