Bitcoin: The Spring Is Coiling For An EXPLOSIVE Move Soon

What's up guys? Welcome back to another video. The confirmation triggers that we had in mind for any sort of bullish movement or any sort of bullish trade yesterday did not happen because this level was not closed above. And in fact, ever since like the video was recorded, Price seemed to just, you know, go straight into a free fall. You guys do remember I did mention that Price could retrace all the way until these lows right here at 107, 700 and you would still be bullish. And in fact right now, as of the time that we're recording this video, you can already getting some sort of bullish reaction. So yeah, in this video I'm going to give you guys the rundown on what to expect for today as well as for the rest of the week and most importantly, give you guys a trade setup so that you guys can take advantage of this move kicking things off on the weekly chart. We are still having a bullish weekly bias, but if you remember what I said yesterday, it is perfectly fine for Price to actually retrace lower first before some sort of true bullish move heading into the rest of the week. And of course if you do get a bullish move, you are going to take on the previous all time high. And so for the swing traders out there, you're probably going to get an entry somewhere here, especially once Price, you know, shows also a bullish reaction. It's either going to do it here or it's going to, for example, get a candle close above109 or potentially even109,500. That will then validate this as the new bullish order block. And you can just set a limit, place a stop underneath the order block and a target for wherever you are targeting. Now for the swing traders out there, just one final little note. Your kind of measured move for a expansion beyond the all time high is going to be like we're expecting a minimum move to $118,800 and potentially even, you know, slightly higher at125,700. But overall you're looking very bullish and Price will hit a new all time high sometime during summer. Anyways, taking a look at the daily bias, yesterday ended up closing bearish, which means that technically today we should be looking for not longs, but rather shorts. However, for reasons that I've already discussed yesterday, like that retracement kind of zone has already been hit and right now Price is showing a really strong reaction to the upside, which leads me to believe that potentially today we may have a longer trade. So if you take a look at this right now, this is now your new bullish order block. Essentially this was a change in state of delivery. This is exactly the condition that I was asking you guys to take a look at and, and to confirm before jumping into the trade, which is a change in order flow. Yesterday it did not happen and it instead it only happened today, which again everything was kind of mentioned, right? Price could go all the way down here, you would still be bullish, you would still be looking for longs. So now this becomes your new order block in the event that you retrace back into this CISD zone. Exactly like the exact level would be 108,250. This would give you the opportunity to actually take a long up to potentially the previous daily high right there at $109,700. Also another thing that is worth noting is the fact that you have a bullish liquidity sweep right here. This is a previous swing low that got taken out followed by Price giving you a really strong reaction right after. This is known as a broken base. And for those of you who are familiar with the broken base, this is one of the highest probability kind of reversal signals that exists. Essentially Price has taken out the sell side objective and is showing an immediate willingness to, you know, change the order flow towards the upside. This is very much rooted in smart money trading. And this is something that we look for when it comes to, you know, confirming that hey, there is indeed bullish or like a willingness for market participants to be bullish. So at least on the one hourly chart at the moment it we are very much bullish. And a retracement into the CISD zone and potentially even narrowing down this order block here at exactly $18,100 would also prevent provide us with a retracement opportunity for price to go higher. So at least on the one hourly chart it seems that we have already gotten a changes dat of delivery. However, on the daily chart it is still a bearish daily bias. So again you would look for lot of shorts, you know, if this was a regular day, but perhaps today is not a regular day. So at the moment the five minute is also showing bullish, you know, kind of order flow. However, the only concern that I have is the fact that the Asia high is about to get swept during the London session. As of the time that I'm recording this video, it is 4:30am now if you get a sweep above the Asia high within the next 30 minutes, basically before 5am, this would kind of set yourself up for Some kind of accumulation, manipulation, distribution move. And so then the most telling signal is going to be the lower time frame order flow in a sense that like right now it's pretty bullish, right? High highs, high lows. You're seeing bullish order blocks getting respected, bullish favorite gaps being respected. But if you sweep over to this level right here and you get a changes that are delivering to the downside, then yeah, grabs today is just going to be also pointing towards the downside. And so the specific kind of like trigger that you want to look for is just, you know, a csd. They'll give you the option to kind of trade it to the downside. However, like based on, you know, everything that we've kind of discussed yesterday with the higher time frame kind of pointing like really bullish, the one hourly was starting to get some kind of reversal signal to the upside as well as. Yeah, just in general the fact that tomorrow we have fomc, which is going to be a very volatile event for bitcoin. Heck, tomorrow we might even see bitcoin just move a couple thousand dollars in a couple of hours. With all of this said, it might be better for today just to, you know, kind of sit out in terms of shorts. At least that is what I'm personally going to do because truth be told, it's just tough to, you know, call a short at the moment just because your one hourly time frame is already in bullish order flow. Like, let's actually go take a look one more time to see if there is something that kind of invalidates this theory. And I don't really see it outside of the fact that you have relatively equal lows. You know, this low and this low here is, you know, quite close to each other. So you may sweep this out first before you continue to the upside and below, you do technically have, you know, a daily order block that you can retrace to. Actually, it is not a daily order block, but on the one hourly chart, you do have an imbalance right here that you could retrace into. So that is a potential. So, yeah, today play it really cautious. Like it doesn't feel quite right to go short at the moment. And right now it may make more sense to look for longs instead. Now the only reason why I'm sounding as hesitant as I am right now is because I'm trying to determine if, like, whatever I'm sharing here is just something that I want to see in the markets versus what the market is actually telling me. And this is very important lesson for Your any and all traders, by the way, there are always things that, you know, you would like to see the market do. For example, I would like to see a retracement into this one hourly order block right here and then for price to show a 5 minute CSD to the upside and then we can take along. But that's what I want to see. What's important to, you know, succeed in trading is to actually read what the market is telling you objectively and trade what the market is showing you, not what you want to see. And so the only struggle that I'm having right now is kind of determining that one hourly I can say for sure that you have, you know, bullish conditions, the five minute not so much and the daily as well. Like you have reasons to believe that price is going to go up, except the fact that we have contradicting information in the sense that yesterday the daily candle closed bearish, which means our daily buys today should be bearish. However, the current daily, sorry, the previous day low has already been swept, which means that if there is a time where reversal happens, it's going to be, you know, today. And so with all of that said, I'm going to say that I'm leaning towards the long direction. And the call for today for me, if I were to take a trade is going to be a retracement either to the CSD or to the February gap right here. And then I'm going to take a long towards the outside and I'm going to do this anywhere between 7am to 10am New York. Like either prices are just going to shoot here and start pumping up or it's going to break lower and coming down into this, you know, bullish favority gap right here. And the thing that you just want to like see is, for example, if you were to start going lower from this point onwards, you could argue that this is now going to become your bearish order block. Right? Essentially what you want to see is for price to do something like this where you completely invalidate some kind of bearish order block and to start just start forming high highs and high lows. And the specific timing you want to look for this to happen is between 7 to 10am New York. Because like truth be told, when it comes to understanding technical analysis and to trade at a very high level, it's not necessarily just about the behavior of price. Right? A lot of people are really familiar with technical analysis. They understand order blocks, fair value gaps, PDO discounts and all this stuff. But the key, if you are or if you have been struggling with kind of like consistency or inconsistency. The key is to pair these specific behaviors of price with certain timings because the reality is that there is a reason why certain things are more likely to happen at certain times. And it's not just about behavior price, it's when you pair behavior of price with timings that is when you get, you know, magic happening. As you've seen from this channel over the last four months where I've maintained an 80% win rate across all of these public YouTube videos that I've made Calling trades and on a side note, when it comes to calling trades, just remember that we are going to be doing a altcoin live stream this Saturday at 1pm GMT. If you would like to submit, you know, altcoins that you would like to see chartered, feel free to click the first link in the description box below. It'll bring you to a place where you know you can submit. And guys, we're officially going to be posting the vlog. In fact, right now I'm going to throw a little montage on the screen that you guys can just get a sneak peek as to what's going to Drop on Friday 1pm GMT. If you would like to see just more of like my daily life as a trader that's also like full time traveling as well as, yeah, just hear some more like personal stories or personal lessons, then go ahead and subscribe to the second channel where I'm going to be posting all of the vlogs the second link in the description box. Anyways, guys, just a final, just a final thing to discuss before we end this video is that I've already made it quite clear I'm probably not going to be looking for shorts today. We already have some kind of reversal signal on the one hourly chart and also on the daily and higher time frames. I am looking for longs. I don't think today has enough of like this changes. By the way, if before like 7am or like in between 7 to 10am like you get a break underneath this level 107,650. If you get a candle close on the one hourly chart before like within 7 to 10am then yeah, absolutely, go for it. Like this is a bearish change in state of delivery and you can short it. But until that happens, this is just not looking like a day where you know, we want to look for short. Even though the daily bias is pointing short, the one hourly is not short and the five minute is kind of short kind of not. Overall, you're just getting time frame misalignment. So I'm just going to play it cautious and wait for the news day tomorrow where I'm sure we're going to get much higher probability conditions. Right now, we've already mentioned this Monday, Tuesday, it's better to kind of like conserve our ammo and not try to fire it off too quickly because, well, Wednesday and Thursday are going to be your high probability trading days, your A plus days, if you will, because you have FOMC and you have unemployment claims, both of which are USD red news. But yeah, so just play cautious, stay patient, and most importantly, do not enter the market until you see clear confirmation signals. Until then, guys, see you in the next one. Bye. Bye.