Bitcoin: More Dumps Incoming!?

Right, welcome back to another video everyone. Yesterday ended up being a superb win across the board based on what I could see from Twitter as well as well just how price action played out in general. Everyone made money yesterday, including myself. So I'm going to count yesterday as a fantastic owin. It's good that we ignored what the daily buyers were selling us and went with the hourly time frame play instead, which, you know, is usually something that I don't do. But in yesterday's case, we had a really strong reason to believe that price was going down and the primary one was going to be this market maker sub model which so far has already played out right. That was the intraday target yesterday that we set and boom, that's indeed what happened. And in today's video, I'm going to continue to give you the intraday setup for today and yeah, let's get right into it. So real quick, we have news today at 10am Today is going to already be different compared to yesterday because, well, we had news and, and where there is news, the probability of a trade playing out in our favor is going to be much higher. So ideally we're going to be wanting to hop on the chart and start looking for a move anywhere between 8:30am to 10am New York, potentially even 11am because ideal trading hours during news days is an hour before news to an hour after news. Now we're going to come in slightly earlier because there's another piece of news here at 8:30, but for the most part, like that is going to be the ideal trading time for today. Now yesterday closed bearish as well, which means today we're going to be looking for a bearish trade. Now this is not to be confused with your weekly time frame. Now weekly you have closed bullish and technically this week we're supposed to be looking for a bullish trade. In fact, overall, now that price has retraced back into this level right here, this is going to be a strong level of support for price to bounce from. Now, even though that is the case, this is very much on the higher time frame and we are not in the business, at least based on these videos, I'm calling intraday trades here. And so it's really important to understand the context as to what we're working with here. Intraday, we're looking to open a close trade within two to three hours and with a higher timeframe play. You know, we're looking to hold this for multiple days and multiple weeks. So again, there's a mismatch of expectation There so higher time frame. Yes, we are still bullish, but just in the context of today, like you are bearish and in terms of the high time frame, remember this is going to be your new level of support is the exact same way that I used to predict that. Not predict, but like I was calling for this being the bottom for a couple of like a solid few reads and yeah, that ended up gaining, you know, 15, $20,000 from that point onwards. Same concept, which is this is the order block and right now this is the order block. So very straightforward so far. Let's get into the intraday time frame. So intraday you close bearish. So you are looking for more bearishness to today. This is a potential daily per gap, bullish fairy gap, might I, might I add at 118,400 down to about 117,000. Now are we going to get to this level today? I don't know, but that is a fair target to set for a intraday move for today. I think I probably said like today already, like 20 times. Jumping into the one hourly chart, we can see that this was the CISD that we were playing with yesterday. But ultimately retrace into this bearish order bu right here and then continue to make a new low. Now with this new low, this is now your new CISD line right here at 120,800. With that said, it means that today it's just a simple way, it's just a little complicated way to say that we are looking for shorts and we're going to be looking for shorts. This level right here at the fair bit gap as well as these relatively equal highs. In the event that we sweep these relatively equal highs at around the hours between 8 to 10am, we're going to be looking for price to give a short term time frame, right, Meaning the five minute chart to start breaking lower and then we're going to take that trade down to 119,600 or potentially lower. Based on the targets that I've set before, I think it was 118400. So that's going to be the intraday target for today. And just keep in mind that now that we have this new cisd, this entire block here now becomes your bearish resistance zone. So until you break above this block right here, you're not going to be bullish whatsoever. And so even if you're bullish, just understand that that is just what you think or at least that is what you want for the markets, you know, to do. And there's a very big difference between trading what you think and trading what the market is telling you. And in this case right now, the market is telling you that it's going down. Daily time frame is punching down the one hourly time frame clearly broke all flow and broke structure multiple times. So you're bearish on one hourly time frame. And so in the five minute we're going to act accordingly. So the setup for today is going to be very straightforwards like when you get a sweep above this one, again five minutes changes to delivery. Of course I will be posting any trades that I do take live on Twitter, so feel free to follow me on Twitter at unscore the art of crypto if you want to follow along these trades. But otherwise the second scenario could happen where price does not sweep out these levels. Right? Let's say it's now getting close to 8.30am, it's getting close to 9am and price does not break, you know, above and sweep out all of these highs. Is that possible? Absolutely, anything's possible in the markets. So in the case that that happens, you are going to be looking at a breakout retracement and then continuation, meaning do not hesitate to just take a short continuing towards the downside. If you know, as you get closer to news, you don't get sweep and you see your market just forming new highs, sorry, new lows, then yeah, don't hesitate to just jump in on a little momentum trade. Otherwise that is the setup of the coin. Now let's talk about Ethereum. Ethereum yesterday was the better short for me. As I've already discussed, right now it is very much Bitcoin season, meaning that whenever we get any pumps, Bitcoin is going to be performing a little bit better. And right now, whenever we get any bumps, Ethereum is going to look considerably weaker compared to Bitcoin. And so for shorts right now I'm going to prioritize Ethereum just like the reason why yesterday I took a short on Ethereum instead of Bitcoin. Same thing here today. It's also looking quite a bit weaker compared to Bitcoin. And yeah, daily biases towards an outside. So we're going to be looking for shorts right now. Price is inside this bearish order block right now and so far you seem to have been forming a new bearish order block, so kaboom. So in the event that you retrace into this level, basically into anywhere in this level, like basically Ethereum is just as easy as trading it lower. Like does it matter if Bitcoin Starts going up a little bit. Ethereum's not gonna pump that much. And even if it pumps that much again, these are your relatively go highs. Do I think they're gonna get swept? I don't know. But it's a key level essentially. Just look for Ethereum to start dumping around an hour and a half before news to an hour after news. And that's going to be your setup, very straightforward. And lastly, let's take a look at Solana. So with Solana you are also looking bearish right now. This is potentially right. If you close below this level right here at $219.70, you're going to form a new bearish order block, which means price is going to treat this as resistance until proven other ones. So anyways, because the daily bias is bearish, we're going to be looking for shorts. As much as I want Solana to go up because I hold quite frankly a very large bag of Solana. But anyways, this is your bearish order block that you're working with right now. The fact that price is also breaking below this level right here means that this is also a bearish order block. So you're having two bearish order blocks together and right now you can adjust the price to continue lower. Potentially price sweeps out these highs before going lower. But like Ethereum, you just want to look for price to go lower. And of course this gets invalidated if new price happens to break above 226 today. Same thing here, right? If the bitcoin short setup gets invalidated where we break above 124,000, then yeah, you know, we're going to call it off. We're not going to be taking any shorts. This is why we wait for confirmation that five minute changes. Delivering basically a five minute confirmation in order flow is very important for us to determine if, okay, basically right now we know or like we are making a prediction that, you know, on the daily chart and on the one hourly time frame as well as on the five minute chart, it's looking a little bit more likely that price is going to go towards the downside. But we don't know if that will indeed happen. But we never know until the market gives us confirmation that we are in fact right, because otherwise it's just what we think some of the market thinks and we don't want to be trading what we think. Anyways, guys, I am going to be filming quite a few very valuable videos over the course of the weekend. If you would like to get access to them, feel free to subscribe Turn on the bell notification. I'm going to be posting them over the upcoming, you know, week, maybe a couple of weeks as it's being edited. Otherwise, I'm going to go enjoy the rest of this rainy day with a beautiful cigar and a cup of decaf coffee, and I'll see you tonight on Twitter. Ciao.