Bitcoin: New All-Time Highs Today? (Don't Miss This)

What's up, guys? Welcome back to another video. The setup from yesterday ended up being a great success. So that marks the 112th win out of the last 140 publicly called trades here on YouTube. So just understand that if you're new here, you're probably in the right place because. Because we've achieved an 80% win rate over the last eight months. But anyways, today I'm going to get into the trade setup for today on Bitcoin. I'm going to talk about Eth. Going to talk about Solana. But yeah, to those of you who followed me on Twitter, you would have known that I called multiple entries live, right, on Twitter. So if you would like to follow along, like, if I'm taking any live trades, I will be posting them onto Twitter. So feel free to follow me at Underscore the art of crypto if that is something that strikes your fancy. But otherwise, let's get into the video for today. So as usual, I'm going to lean back because, yeah, I really don't know how these Koreans or the people in the past did it, but. Oh my God, just one minute. Looking at the camera like that. Maybe I just have a weak call or a week back. But leaning back and let's get into it. So yesterday on the daily chart, we closed very bullish. And so today the daily bias is going to be towards the bullish direction. Now, yesterday we kind of hoped for, you know, a potential retracement into this level right here where we could have gotten into a retracement. But this may only happen next week. So for today, we're not going to look forward to this happening. Just to explain my thought process here, this was previously a bearish order block that needed to be closed above before we can confidently say that, okay, now potentially this resistance is no longer resistance and it can potentially be flipped into support. Now, that happened two days ago. So now we are just going to wait in terms of the higher time frame. Right. If you're a swing trader, if you're a slightly longer term trader, that's going to be the level where you're going to want to look for to dive into the markets, because that is a higher time frame. Let's just say order block right here. Now this will also. Well, this. Yeah, in fact, this is also going to be replicated on the weekly chart in the sense that if you close above, right. As long as you close above this level right here at 115,200, that's going to be all you need in order to for price to come back into that daily order block plus fill in the weekly order block and off you go. Just to give you some perspective here, like one good, like one really good thing is that I've been bullish on bitcoin since like four or five weeks ago saying that okay, price is going to fill in this fair value gap right here and it's probably going to bounce like, but the fact is because it's happening on the weekly chart, it takes time and it's going to take a few weeks and that's perfectly normal. So even if you have these couple of bearish candles here, that's fine. Like again it takes time. This is higher time frame stuff and this is the exact same methodology that you can use to find the bottoms of each and every single other, you know, major bottom within this bull run. For example here. That is a fair. Now just to clarify what I mean, fair value gaps and odd blocks are similar in the sense that they're both PD arrays. Essentially. It's just a very fancy term to say that these are levels that you want to pay attention to. They're just areas where you expect some kind of big reaction from. Either that be tops and bottoms or just retracements and bounces. Over here, again that was the bottom. I called it live as well. And then over here you have this fertility gaps and over here you have this fertility gap that acted as the bottom. But overall you're not going to go wrong by buying into weekly PD arrays because overall if you take a look at a market structure, it's super bullish. And like not even markets, like not just market structure but the order flow is also super bullish. So as long as you buy into the dips at high probability zones, I. E. PD arrays, then you're going to be successful. And so that's why I said like regardless of what happens, as long as you're a swing trader, if you guys can like go back to my videos from like a couple months ago, like yeah, you know, you buy here and you're going to be in profit. Guess what, four weeks later you're now in profit. And, and sure it took four weeks, but this was also a trade taken on the weekly chart. This is as though you take a trade on the five minute chart and 20 minutes later you know, you start to go into profit. It's not a wild expectation to have. So anyways, overall you're bullish now. Like my next call is going to be for the swing traders out there. You are, you are going to want to wait for this week to finish, you know, kind of playing out first because that is going to determine where price is going to retrace into. For example, if you close above this level right here at 100 got at $120,000. If you close above this, that means you're going to just retrace it here, flip this as a potential, you know, support and then continue higher. But if you fail to close above this, but you still close above this level right here at 115,000, then you're going to expect price to can, you know, to come back here before bouncing higher. So depending on where we close, that's going to be like the only difference is going to be you're either getting lower or you're getting slightly higher. But overall in terms of the trend, you're still looking incredibly bullish. And so, yeah, like just buy the dip. This is a bull run. Like there's a reason why everyone's a genius in a bull run. It's as simple as looking for high probability areas where you can buy into the dip. Once you buy the dip, give it a little bit of time and boom, profit. Anyways, that is the higher time frame stuff in terms of the lower time frame. Again, we are having a daily bullish bias. So we are going to be looking for longs today. Now as for longs now, we're going to come into the one hourly chart to look for PD arrays that support our theory. And immediately this kind of level jumps out to me in the sense that this entire block here is a bearish, sorry, a bullish order block. Now besides that London session, right, I realized that I'm recording this video a lot earlier than usual because like it's currently just 2am I usually make these videos closer to 5am so but it is already enough information here to where I can reasonably make a call, which is I first of all looking for a long trade today, right? There's no such thing as a short. There is zero indication here that price is going to go short. So now that that's out of the way, we just have to figure out if, for example, London opening the London session, we have swept below the Asia lows, which means the Asia could be a potential accumulation, London manipulation and then New York distribution. Now, in order to see if this is indeed going to be the case, we are going to be checking the news. Now the US government is currently going through a shutdown at the moment. So that's why the news currently says tentative, because we don't know when this news is going to be released. But just like yesterday, I did tell you guys to start looking at the charts from 7:30 up till about 9:30, 10pm sorry, 9:30, 10am and the reason why that is the case is because that is still going to be a hotspot timing regardless of if the government has shut down or if there is still news. So that is going to be the same timing that we're going to be looking at today because there is initially supposed to be a lot of, you know, different pieces of news, which I can only assume to be, you know, dropped anywhere between the hours of 8:30 all the way up to 10:00am and ideal trading times when it comes to news days is an hour before news to an hour after news. If you can focus most of your trades within that period, you're going to be Gucci now. Now this is exactly what happened yesterday as well, in the sense that most of the movement actually occurred. Right? Take a look here. Price started to break above that block it out, confirming it as a bullish order block at, let's see, what time, 5am but then 6am you get a retrace. 7am you finish the retracement and then boom, you take off. Right? Remember what I said starting 7am that's when you want to look for the move to happen. That's for the setup for the move. You want to look for it before the news. So that's exactly what we're going to be looking for today as well. So again, there are two possible scenarios that can go today. One is you already get the manipulation, right? Let's say this is potentially the low of the day already. This is a bearish order block at the moment because this is currently in bearish order flow. Now this changes if you can get a one hourly candle close above this level right here at 120,177. If you get that, you can potentially flip this into a bullish order block and off you go. It's the same scenario yesterday where I was like, okay, you're either going to get a sweep and up or depending on how price action shapes up leading up to the news, I. E. 5:00am, 6:00am, 7:00am right. If you get a close above this level here, you're going to use this as the bullish order block and then you're just going to trade it higher. Now, I don't have crystal ball. I cannot tell you if it's going to be a sweep or if it's going to be an order Block. That is truthfully not my job as a trader. My job as a trader is to take a look at pre market, determine what are the scenarios that are most likely going to be happening. Or most importantly, determine the scenarios that I am going to be looking to trade and mark out certain conditions for those scenarios. And once those conditions are met, guess what, it's as simple as going A, B, C. Like if this is met, okay, then I do A, B, C. And that's trading in a nutshell. So this is what these types of videos are for. I'm just mapping out the couple of scenarios that are very likely to happen so that when the, when it actually happens, boom, you can take advantage of it. You know exactly what to do. So today again we are looking for a long trade. So there are only two ways that a long trade can play out. One is you just continue breaking one from this point onwards and then you can just keep trading price higher. For example, with yesterday we had multiple entries, multiple entries between the hours of like 7am all the way up till like 11 and even 12pm and today I think it's going to be pretty similar. So that is scenario number one. Scenario number two is that you get some sort of liquidity sweep before you go higher. And in this case my eyes are drawn to this level around here at 119,300. Again, I don't know if we will go down, I don't know if we'll go up. What's important is we have an expectation of what we're looking for when it actually happens. Boom. Right around the timings that we're looking for, which in today's case it's going to be again same thing between the hours of 7:30am to about 10am that's going to be when you want to focus most of your trading. So if you want to just watch this video and just go about your day, come back at around 7:30, that is going to be like, yeah, that's going to be, you're going to be good. This liquidity suit right here, the reason why I mark out this level is because this is a week low, I. E. This is a liquidity level or rather this is a swing low that is formed without sweeping liquidity. For example, this low right here swept out this previous swing low. So this is by definition a strong low. We want to look to trade into strong lows. We don't want to trade into weak lows. Because what happens when you have a weak low, such as this weak low, you get taken out Right. It acts as a draw on liquidity. The reason why this is the case is because of understanding how the market works. Market moves on liquidity, meaning when there is a swing low right here, right, what are we trained on as traders? Place our stop losses underneath swing lows and above swing highs. What happens when there is just a swing low just formed randomly is that people are going to put their stops below there. This acts as an opportunity. If you're a market maker and you have access to stop loss data, it's very easy to just push the price into that level, sweep out everybody, make everyone that gets stopped out here sell low so that you can buy from them at a low price. And then boom, off you go into the higher time frame kind of trend. And that's kind of like Smart Money 101. By the way, if you would like to work with me 101 to where I teach you everything that I know about smart money trading and to hopefully help you replicate the results that I've gotten over the last eight months, averaging about 80% win rate, then feel free to click the first link in the description box below to join boot camp. But otherwise, that is the reason why we want to be trading into strong lows. Because once this means that we are jumping in alongside the market makers to take advantage of everyone that has already been stopped out and then we go in with our market makers in into the direction of the real trade. So smart money 101 over, that's going to be another level. And then of course this level is going to coincide with this bullish order block right here. That's going to be the kind of two zones that I'm going to be looking for. There is potential for price to actually come all the way down here as well. But regardless of how low price goes, we are not looking for a short because we've already established the fact that in terms of the higher time frame, it is bullish. And when you have a higher time frame bullish, you're not just going to switch your bias just because you got a couple of like bearish movements on the lower time frame and oh yeah, you know, think we're actually going short now. Stick to the higher time fr. If you find yourself always getting confused by like the lower time frame moves and you keep switching your bias often. I just made a video about this recently. Feel free to watch it, it may help you. But otherwise this all changes though. Like we are not going to be bullish anymore today. If we get a candle close below 118,350. Now it's very important to talk about invalidation scenarios because I don't want you guys to like at some point, right, our idea has to be invalidated and in this case it's going to be something like this. We're going to be starting to flip short. Although again, because we have a bullish daily bias, I'm not going to be looking to take any short trades today. So if this ends up just breaking down below here. Yeah, just understand that I'm on a no trade. Perhaps your system allows you to trade on, you know, these kinds of like before you get higher time frame confirmations of a shift in trend. If that's the case, go for it. But otherwise we are done. In terms of Bitcoin, let's take a look at Ethereum and let's see if this is if we have a clearer setup here on Ethereum. And in terms of Ethereum we have favorite gap that's been filled. Order block has been filled on the weekly chart. So that is looking brilliant. So far Ethereum has been showing a very strong reaction. Although I would really love to see this order block getting broken through first before jumping into it. So that's going to be something I would like to see but still with a daily bullish vice. So we're going to be looking for longs today and in terms of Ethereum it's actually looking a little bit more clear because right now Ethereum is coming back to this week low. As you can see what I just mentioned just now about draws in liquidity. When you get weak lows, try not to trade them. Actually this is not even a weak low, this is a strong low. But like in the context of this, because you got relatively equal lows, that's where price, like that's where price is returning back to at the moment. So anyways, with Ethereum the setup is super clear in the sense that since we are looking for a retracement on Bitcoin before further upside, you're going to want to start looking for a retracement into 4424. Once you get into 4424 between the hours of 7am to 10am New York, that is when you want to look for a long, especially after you get a five minute change instead of delivery, five minute confirmation in order flow. And that's going to be when you look for the long trade starting to be like a wrapper now. And in terms of Ethereum, like the invalidation scenario is going to be closing below 43,71. That is a one hourly change instead of delivery. Which means that we are no longer in bullish order flow, we are now shifting into bearish order flow. And that's when you want to just understand that you're no longer looking for a long. Lastly, we're going to take a look at Solana. Solana target has been hit. No, not even the target, actually. How beautiful is this? Like I did it. You still want to see a close on the Daily chart above. $247. This is the exact same situation that we had on Bitcoin where once this gets closed above. Whoa. Okay. Like there is nothing stopping Solana from that point onwards. But so I think there is a bit of an opportunity between where price currently is now until you get to the bearish road block starting at $234. So from this point onwards, I think you can still trade this towards the long side. And especially because we got a bullish daily bias yesterday, and especially because Solana is looking quite strong at the moment, at least more so than Ethereum, the setup for today is going to be pretty simple as well. It's going to be the exact same as Bitcoin where scenario A, you get a close above, validate this as the bullish order block and that is going to be your entry versus B, you come down into this bullish order block right here, sweep out this liquidity right here and then boom, you go to the upside. Yesterday I called this to be the target and boom to the dot and started retracing. Either way, this is just a retrace because overall you're still in a very bullish, you know, order flow. And so you're still going to be looking for longs. And similar to Ethereum, you're going to be looking for longs over here. Kaboom. Looking for Solana to come back into this bullish order block and for price to go higher. Now, potentially depending on what chart you're looking at, this may be, this may or may not be relative to equal lows. In fact, let me just check the by chart to see if this is indeed the case. And yes, it is indeed the case. These are relatively equal lows. So there are two potential opportunities here. One is going to be just a retracement into this order block right here whereby you start bumping. And then the second one is going to be a sweep of those relatively equal lows before you start getting a five minute change of state of delivery. And the price continues going higher. Now to be fair, though. All of this is fair and stuff. The fact is, I'm recording this video, you know, a lot earlier than I would usually record it. So if there are any updates to, you know, the trade ideas, or if I do take any of these trade ideas, I will be posting them onto Twitter. So feel free to follow me on Twitter at Underscore the idle crypto. But otherwise, have a great weekend, have a great trading day, and I will see you guys next Monday. Ciao, ciao.