Bitcoin: This Trade Today Is SO Easy, Don't Miss It

What's up, guys? Welcome back to another video. The trade for yesterday ended up playing out exceptionally well where we're calling for more upside and that is indeed what we got on bitcoin. If you guys also recall, I also mentioned that Solana was looking like a much better trade compared to bitcoin. And so behold, if you just take a look at Solana. While bitcoin took its time to go up by like 1 2%, Solana has pumped almost 10% since yesterday. This is honestly just the power of looking through multiple charts and looking at the relative strength from for each chart. People that always say, oh, I only trade Euro or like I only trade bitcoin always kind of baffles me because when you do ask them that question of, hey, why is it that only trade one asset? They'll say something along the lines of like, ah, it's because I know this asset. Or like, I'm just really good. Like, I figured it out. Like I figured out bitcoin. And like, if you sit and think about it for a moment, you have a bunch of hedge funds and, and mutual funds or whatever, like big funds, national sovereign funds or whatever, they are hiring one of the brightest minds out of the top universities, paying, making sure that they're paying them exceptionally well to try to figure out this asset, right? To, to know this asset. And they, and even they will not be able to do this. And so it always baffles me when, you know, Normie, and I consider myself Normie as well. I'm part of you, Bass. Don't worry. Like when they say, oh, they trade only one asset because they understand it or whatever, it's like, like, yeah. Then likely just familiarity bias. And we were saying that for expertise or understanding. So, yeah, if you've ever, you know, wondered if you should take a look at a few more charts or if you should focus on just one, understand that as long as it is a chart, as long as it's made up of Canvas 6, as long as there's an open, high, low, close, you are able to apply most of your strategies on anything. Like, it doesn't matter if it's a stock, a futures indices forex crypto could even be a meat coin like truth deep. As long as there is candlesticks, the data is printed the same and you can apply those strategies just as similarly. So if you've ever wondered about the question, like, should you just stick to one asset or should you start learning a few more assets, the answer, at least from my side, is always going to Be pick up a few, you never know. Like certain times of the year, certain periods are going to be absolutely horrendous for let's say crypto, but could be amazing for forex. And certain times of the year could be very terrible for stocks, but it could be amazing for crypto. And what a shame if you only trade, let's say bitcoin. Like how much opportunity would you be missing out on just by, you know, limiting yourself to like one asset? And my thoughts on this has always been the same, which is as long as there is candlesticks, as long as there is a chart, as long as there's a good and high low, close, whatever strategy you're using on, let's say bitcoin is going to work in forex with slight differences. So essentially all of these assets, as long as they have candle six, they are essentially the same thing just with different packaging. Packaging meaning it's s chart, it just comes with a different name. And sure, we may move slightly differently. So yeah, like if you want to improve as a trader, look into other assets. Of course if you're just starting out and if you're worried about getting overlocked, feel free to stick one asset first. But if you're an intermediate trader and already, you know, been doing this for a while and you find yourself being limited by the fact that let's say on bitcoin I realistically get 2 May, 3 May, most of the most weeks I get 2 trading days that are fantastic for bitcoin where I get an A plus setup. Some weeks it's even just one and, and there are even session views where I get zero opportunities throughout a week that I pay plus. So just so if you feel like you're limited by the amount of opportunities that you're getting on a day to day basis, look into other assets. But otherwise I feel like that was a very long rant to start off this video. We are going to get into a prediction for bitcoin today. So in terms of bitcoin the setup is still super clear. Like last week we got a weekly bullish 10 of flux which means this week our bias is going to be pointing towards the outside. Secondly, we are bouncing at the moment from this weekly order block and until like, until this order block gets invalidated, basically we are going to be looking to buy the dip here and to sell higher. Because truth is, if you take a look at the overall market structure and overall order flow on the weekly chart, we are still forming high highs and higher lows. And until that Changes basically, until this gets breached, you are still looking at further upside. The bull run is very much not over. In fact, the Pullman is very much still there. In fact, let me give you another piece of data that may help you. Speaking about that the win yesterday got BBOT puts us at 102 wins out of the last 127 calls we made publicly here on YouTube. So if you're new to this channel or if this is your first time you see me, just understand that you're probably at the right place because we can be right more often than we're wrong. Anyways, just taking a look at the news for next week, we have a federal funds rate specifically on Wednesday. If you take a look here, that's federal funds rate and at the moment there is basically a really high chance that we are going to get three rate deductions before December. And if you know anything about the financial markets, especially about risk on assets like Bitcoin, like the stock market, like indices or whatever, anything that is speculative in nature, they benefit from low interest rate environments. And so far the United States of America is the only like one of the last main central banks that have yet to cut the interest rates. This is planned though to start this month and it will continue all the way to December. You can only imagine how bullish this is for a risk on asset flight. Bitcoin that needs an environment of quantitative easing would drive if you recall Back to the 2021 Ebola, one of the big reasons why bitcoin and all of these other, you know, opens were able to have such big aux season is because they were in an environment where the interest rates were basically zero. And when I said basically I honestly mean zero like zero percent interest rates means that money is free flowing in the economy. And course you pair that with a lot of money Fintech, you can only imagine that just that's the, the basically for you know, mood shots. Now I'm not going to say that this time around is going to be a S but at the very least we are going to be starting to get in an environment where favors, you know, continuation of a golem. So if you're a long term trader just understand that here again I know the best time to buy would been back at like 17,000 or something. But honestly this is not even a bad place to buy because every single time throughout this whole bun, which means the last couple of years, as long as you bought the dip at some kind of a leg up on the weekly chart in both of these cases here they bounce from F even this side, it bounced for fairly. This one, again like this is just a retracement order. Blocks and fair value gaps are the same in the sense that they are both considered PD arrays. As long as you're buying low into these PD arrays you look to sell high and that's going to be easy money. So just understand that the ball end is not over. That is my start. At the very least, I do not see any indication yet the ball line is going to be over. Anyone that says otherwise is just making a prediction. And you know, there's nothing wrong with predictions. It's one thing you just need to understand that hens are terrible in making long term predictions. Take that with a grain of salt. Believe whoever you want to believe. But at the very least I'm waiting to see objectively from the charts as well as, you know, the thesis that I kind of just painted out. I don't see yet any indication that Golan is over. Anyways, just understand that so far on the weekly timeframe we are looking for further upside, at least for this week. Anyways, on the daily chart, yesterday's candle closed bullish, which is a really good sign because so far we are still covering this level right here, here at 113,300. Granted we can actually go further up to this bearish further gap today. In fact, let me just remove all of these FRs you try to get cleaner. So the daily target for today could basically be 113300 to 113 600. I do fully expect this level to get breached in the sense that you're going to overcome this bearish gap and you'll potentially even flip it into bullish support. But that's still like times the next step at the very just for the context of the day, which is an intraday trade that is going to be the target. Also because yesterday's daily kind of closed bullish, it means that our daily bias today is going to be bullish. Now another interesting thing to note is I don't know if you guys remember from yesterday, but I taught you guys a little bit about frontier profiling, specifically talked about value areas and I talked about how to use value areas. And one of the things that I mentioned was that this so far looks like a convincing breakout out of the value area. And so in the event that you retrace back into the value area at 111200 or 111 300, it would be an amazing place to pick up some bitcoin or to just take a Little short term trade or better upside. So so far what we can see is that we already had a couple of instances where you know, price actually dealt with the value area. And so far this is looking like a pretty solid breakout. So in the event where you retrace back into the valley area, this is where I would like to see Price actually bounce. So that level is going to be $11,000 300 and that's exactly what you're getting right now, right? Price retrace into the value area and off you go. And right now like the fact that you have formed a new high just. It's just like further confirmation that yep, the button is definitely in at the very least for a intro boot perspective. And so the setup for today is actually going to be super simple. So this right here is a order block, right? Should you take look at this, this is now an order block because you have closed above this series of down close handles. So in the event that you retrace into this order block and let's go up as this revoltigut right here, the order block happens to align with the Fairvida. And so the setup for today is a retracement into 112,600 for a move up to 113,600. So that's a $1,000 move. That is 100% and you can definitely get into our trade out of that short. You can also go a little bit lower. Maybe you might go to 112, 200, 300 doesn't really quite matter until this order block gets broken through. Basically like until you go below 111, 300, this entire bucket is going to act as support for you to write a move all the way there. Never get me wrong, you could potentially go higher than that. But I like to set my targets pretty conservatively. In fact, if I do not mention targets, just understand that whatever trades you take, make sure you take some profit at 2r because swiftly as a trader, that is all you really need. Now let's go into the lower time frames just to see what we're feeding with. And this EC ascertain you fill in that key level right there. Your profile basically area. So far London has shown a very convincing breakout to the upside. And so again today's setup may look like a accumulation breakout continuation. Essentially Asia is your accumulation. London show a very convincing breakout you before the New York session, which means the hours between 5 to 7am which is right about now you're going to retrace into some kind of key area in this Case could be the a high, it could be that firm mega. Again doesn't matter. This entire block is an area of sport to retrace into that between the hours of 7 to 10am New York you're going to look for a pump. Now again this target could or may like this target may or may not be hit. That is not the point. The point is that you take a lob once you start seeing indication during 7 to 10am where you are getting price in from the 5 minute chart showing bullish indication or like showing bullish in the living. Once that happens you jump in maybe let's say your entry is here, your stop loss is there just calming data to R and you've been in set. Again the target is just a reference point. I always take my profit at 2r. Sometimes I may leave a runner but those days I do take my trades at 2R. So far at the moment I don't see any cause of concern in terms of invalidation scenarios. Again like you would need to really go below $100,000 in order for this bullish meat to get invalidated. Just understand that at the moment the higher 5 frame is pointing towards the upside, the one hourly chart is pointing towards the upside and even the 5 minute chart is pointing towards the upside at the moment. So just continue to ride the wave higher. And speaking about right way higher. You could also just start breaking out of the London like basically breaking out of here. And this may become a new bullish order block. Depending on what time you see this video. This could very well be a possibility. Just like what happened yesterday where instead of retracing back into the Asia high, you just continue forming new bullish order blocks and you continue going higher which is a second scenario that doubt yesterday. If you do see this happen just quite literally momentum trade takes higher then place your own place your orders at the order block. There's a stop underneath the order block targeted 2R and like you would have a really good time trading. One thing supported is that we are whatever the case, as long as you're taking longs, you're going to be taking longs in the direction of the train. If you ever heard of traders in you, oh, the trend's your friend, you know. Never count the trend trade like it is free. And in this case as long as you're focusing on not you're going to be trading in the direction of the trend. And that also means that you're going to have a much easier time catching moves. And at that point like the details don't really matter too much whether you retrace or you just continue going up. As long as you're trading that direction, you can have pretty good time. And speaking about a good time, if you would like my help to help you install this system that you see here and has allowed me to achieve an 8 gig set publicly documented track report over the last seven months, then feel free to click the first link in the description box below, but otherwise, see you guys in the next video.