Bitcoin: We're About To Continue To New ATHs, Don't Miss These Bottom Entries

What's good, guys? Welcome back to another video. The scenarios that we mapped out yesterday ended up playing out to perfection. Essentially we got a one hourly close basically above this block right here. And once that happened, like, we managed to catch a trade, in this case, it was two and a half hour, like, exactly. Boom, boom. Like all of this was called publicly on Twitter. So that's also the reason why I asked you guys to follow me on Twitter, because yesterday was one of those days where I wasn't super certain as to what was going to happen. I did know which, you know, kind of zone that it would be very likely to have a reaction from. But, like, as to what kind of reaction that was, no clue. Hence why I asked you guys to follow me on Twitter and I got multiple comments that, you know, you guys ended up making money right there. So two are, thanks for the setup and hopefully today we're going to make another win. But I think the price action today is going to be so much more clear compared to yesterday. And I'm going to get into it the way, if you're new here at this channel, just understand that you're probably in the right place because we tend to be right more often than we're wrong. So far, our public record is 97 out of 122 calls that we've made here on YouTube. So, yeah, without any further ado, let's just dive right into it. So yesterday we finally got a strong, you know, kind of move, even though yesterday still closed. Bearish. But overall, like, in at least in terms of the one hourly chart, the beautiful thing is that this previous order block that I mentioned, like, at the very least, you want to close above this order block right here before you even consider any sort of a long. So far it has gotten broken through. Not only that, but price seems to be, you know, putting in bullish order flow in the sense that this is a bullish order block. Price breaks up above it respects the bullish order block. That's step one in a change in order flow. Right after you respect this, boom, you make a new high. And then, boom, you form another bullish order block, which price currently has went up. Again, respected the bullish order block and now you're forming a new high. Now, there are only realistically two ways that this plays out, the first of which is that price is indeed bullish. And today we are going to look for bullishness and we're just going to start trading towards the outside, which I'm going to get into that scenario in a bit. But the second scenario is that this is in fact a market maker sell model in the sense that this is a smart money reversal. You've got your first impulse, second impulse, third impulse towards the upside, towards some kind of higher time frame liquidity level. Once you sweep that out, you may go for a reversal. Now as to which one is more likely at the moment, this is the critical point. Like, it's hard to say because like, let me just break it down to you and like give you all of the facts because like the reality of this week so far is that we have filled higher time frame key levels in the sense that this is a weekly order block and so far you have filled it in and so far you have given quite a nice bounce. However, because this week has not closed bullish yet, we are at least from the weekly perspective, we are not ready to just jump right into longs right from this get go. And like a similar lesson can be learned from US week because this is a weekly favorite gap right this blue box right here. And just because the weekly February gap is filled does not give us the indication or like does not give us the trigger to just go long right ahead. Because if we did that, we would have been stopped out know case in point what happened this week. And so just because this has been filled in doesn't mean that we are immediately going to go up. It's just that at least from the weekly chart, the way you want to think about this is that we have a higher likelihood of bouncing from here than we are to just keep going lower. But this, you know, bearishness is still very much a possibility. It's just that right now, based on this key level, the odds are stacked in our favor if we're looking for bullishness. So that's the way that I'm thinking about it at the moment. Like if I do take any longs, I still want to be a little bit cautious. Especially because like from the daily chart as well, this is a change in state of delivery right here. The fact that price closed underneath 112,500 on Monday signifies a daily change in state of delivery, which means that this entire block right here is going to be in a bearish resistance until proven otherwise. In fact, don't even think about this one right here is a bearish order block that price is currently trading into. Now lower time frame wise, we have already started shifting. But just understand that in terms of the higher time frame, we are still bearish. And that's what gives me kind of like hesitation to just be like, okay, we're going to go long right away. Because the truth is, we need to take into account market conditions out of like all of these days right here, like, there are maybe like 20 to 30 days that were just super clear in terms of direction. And for the most part, when those days are present, we do call it here on the channel when things are a little bit less clear. You know, a lot of what this was, I do call it, I do say it as it is. The fact is, not every day is a trading day. Not every day is a beautiful day. All right, case in point. We've had sunny days here in Bali for, like the last 10 days. Today it's been cloudy the whole day, right? It's just taking into account. And now you're not going to treat a cloudy day the way. The same way you would treat a sunny day, right? On a sunny day. Yeah, you go out, you go to the beach, you go to the cafes or whatever, you write your bikes, you know, you do your fun stuff. But then when it's cloudy and when, you know, there are some rain clouds, it easy, you know, you take into consideration that it may potentially rain and today might not be the best day to head to the beach. Similarly, this is how you treat market conditions. Like, I literally just pulled that out of. I literally just pulled that out of nowhere. But, like, the markets do, in fact work in a very similar fashion in the sense that when the day is good, when the market conditions are good, you are aggressive, right? You play the market because those market conditions favors aggressive to just trading. You do what you're supposed to. On days where the market conditions good. On days where the market conditions a little bit, you know, you're not quite sure if it's going to go up or down. Play it a little bit more cautiously. Doesn't mean not to trade at all. Just like what. Just like the lesson that I shared with you guys yesterday, which is, you know, we may not know if price is going to go up or down. So we're going to just wait for price to get into the zone that we're looking for, observe the reaction, observe how price action is playing out, and then depending on what happens, we make a move. And that's why the trade yesterday occurred that late. Right? Even though I made the video at 5am, I took the trade close to 10am There's a lot of waiting in between for price to just do its thing, like, to just do its setup until there is a clear condition. In this case, it's a break above, you're coming back into the order block, right? We get in timing matches, the price action matches, and a boom target out that high. And that is a beautiful clean trade that even though we waited five hours for the trade, the actual trade itself played out in about half an hour, right? We managed to get a two and a half hour in just half an hour. And that's just the beauty of like on a day like yesterday, you know, short. We may have been able to catch some kind of an earlier entry if we got in earlier. But then we also run the risk of like Price just straight up just going to the other side. It's up to you whether or not you want to, you know, stomach that risk. Personally, I would rather go for the higher probability move rather than the, you know, hit or miss kind of move. Just so, just on the note of yesterday's trade, I also want to just this discuss real quick another lesson that is going to help you guys out a lot. So if you took a look at what happened yesterday, initially we got the move up to, you know, that profit target that we set right there. But then after that, like, even though there is another swing high back here, that could be a reasonable target given the fact that if you stop right here, these are going to be come relatively equal highs. Now, even though that is a valid target, like the trade yesterday, like it was a good thing that I closed it out here. And you will notice that this target only got hit today. And I think that's a very important lesson that you guys need to learn, which is context. Like what is your goal when you are taking certain trades? For me, at least on this channel, what I'm doing primarily is intraday trading. I'm not necessarily calling swing trades on the channel, which means that whatever trades that I do take, I plan to open and close them within the same day. And most of the time it tends to get open and close within the same session. Most even more of the time, it tends to be open and closed within this span of like a couple of hours, usually less than one hour. Case in point, yesterday's trade closed within half an hour. It goes to context, right? We're doing intraday trading here because if we were stubborn and we refused to close the trade in search of like more profits, we would have actually been stopped out because this was our entry, this was our stop loss. And Price actually came back to just stop out anyone that did not take profit on this move here. Stop them out before actually going back towards the target. Okay, so Just to play, like, just to give you an example of how this would play out, if you were a day trader or some kind of a short term trader, most likely you would be executing from the one hourly chart or maybe the 15 minute chart. And in that case you would definitely be utilizing this order block right here. You'd most likely place a stop loss underneath the order block. And in this case you would be safe because of the context that you're trading it. Right? This makes sense from the 1 hourly chart. But the moment you start trading from the five minute chart, which, which let me break it down for you, the entry that we took yesterday, if you remember, was based off of this order block from five minute. Now the beautiful thing about, you know, whatever time frame or like whatever style of trading that you're doing, in my case, this is the five minute chart. Going down to the five minute chart allows me to get a very narrow entry in the sense that my entry to my stop loss is just a difference of like $300. And for Bitcoin, that's tiny. What that allows me to do is to catch a very high probability and quick move within the context of the same day itself. Hence why this is called intraday trading. Hence why I say I do intraday trading. Right? It's intraday. And like when I set my stop loss and entry from the context of the five minute chart and if I set my target in the context of the one hourly chart, in this case, like I can't really see that target unless I zoom out a lot on the five minute chart. Right? The point, like the point that I'm trying to share here is like, if you're going to trade from the five minute chart or if you're going to trade from one hourly, it doesn't matter if you're going to trade from the daily chart. You want to set your targets in a way that fits the context of the trade that you're taking five minutes on. I'm going to set five minute targets. If it's a one hour hourly trade, I'm going to set my hourly targets. Okay. A lot of the times people come to me and they're like, oh, you know, what is the best time frame to trade up? The reality is like they, they all work. It just depends on what time frame that fits you or like the time frame that you're looking for. For me, I would rather open and close my trades within the same day. I couldn't be bothered leaving them overnight. And in this case I choose intraday trading. But for you, maybe you're not a fan of like just making super quick decisions and you know, opening and closing within the same day, that might be a bit too intense for you. Perfectly fine, right? Do a little bit more of like swing trading or like like day trading, right? Or short term trading. As long as you remember that whatever time frame that you're looking for, don't be, don't be like looking at guys on Twitter being oh, they managed to catch an entry here, they put the stop loss here and then they target here and you're like whoa, that is so achievable. Right. The reality is they've likely been doing this much longer than you and they are also most likely very clear on like what risk reward or like what kind of profit taking strategy that fits their exact system. Not trading the same system as you are. So for you, just like the lesson here, take context into account. Take gold into account. Trading from the 5 minute chart set 5 minute target, right? There's a reason why this is called intraday. You do not take an intraday entry to take profit using like a swing trade target. Okay? Doing that is just a recipe for disaster and you're going to end up running into the situation like yesterday where you know if you didn't take profit, price would actually have came back to stop you arc before price actually moves back in the direction that you already knew that it was going in. But that aside, let's go back into today's video. And so far I've already kind of mapped out the market conditions to expect for today. Now on a one hourly channel I think there is one. Like the play for today is going to be pretty straightforward. I think at least this is worth the bet because right now there is, I can basically like again there's two scenarios. One is what I think may happen in the sense of a market maker sub model where you're going to get a reversal from this point onwards. That is what I think could happen. But then the market is also showing that you are in bullish order flow at the moment. And so in cases like this, even though there is a risk that we may be stopped out here, I'm still going to look for a long trade because that is what the chart at the moment is pointing towards. And so like I accept the risk but also I accept the fact that this is still a valid idea and hence why I'm going to call this. Just to break down the backstory of the trade that I'm about to call, this is the one hourly bearish order block that I wanted to see getting traded through on the one hourly chart before I can comfortably say that, okay, in a safer situation now where we can look for longs, that has happened so far in today's Asia session, like literally six hours ago. Now that this has happened, we have the opportunity to flip this previous resistance into potential support. So in the case that we retrace back into the zone right here, starting from $112,400 or like 112,500, we can look for price to actually hold this level and to just treat this as support and then go up to a higher level, in which case I am targeting right here at 113,600. That's going to be my intraday target. Okay, now don't get me wrong in this. In a swing trading perspective or a day trading or a short term trading perspective, the target's going to be a new all time high. It's just for today. My target's very simple. It's just right here. Because these are relatively for highs that's not yet been taken out, hence these are very weak highs. Which means it kind of almost acts like a magnet for price to head towards. The way that we're going to do this is from the one hourly chart because we are bullish on the one hourly sh, we are looking for bullish PD arrays to take advantage of. The first one's going to be right here. Just so happens that this bullish order block right here aligns with the previous bearish order block that we completely blown through. And so in the event that price retraces into this zone, which I've already marked out like 112500 to about like 11 2, let's say $112,000. In the event that price retraces into this area, you're going to want to look for some kind of bullish reaction. And the keyword here is look for a bullish reaction. It doesn't mean that just because I, I say that, oh, price is going to bounce from here. You just set a limit here, set a stop loss here and place your target. But again, goes back to the context of what we're trying to do here. If you are intraday trading like myself, then you're going to want to wait for price to get into this level and then hop onto the five minute chart and look for a like appropriate reaction. That appropriate reaction is going to be a shift in bullish order flow. So just to give you an idea, this right now so far is bullish order flow. But I want you to picture that if Price were to come into this level or this level here, it would have done something like this where in this lake here, it would be in bearish order flow. What you want to look for is for Price to actually shift the order flow, right? Essentially respecting bullish PD and disrespecting bearish pd. Once that happens, that is going to be your trigger to entry. Just like yesterday, we did not enter solely because like this order block was blended or whatever. I just saw indication that there was bullish order flow. Not only was all of these, you know, order blocks respected, but Price also traded through this level right here. And so that's the exact same situation you want to look for today. The only thing that determines whether or not you win or make money with these trades that I'm calling or not is dependent on your ability to identify the CISD and to also wait until that CISD happens. So again the trigger is going to be once you enter into either one of these box starting at 112,650 down to say like $112,000. We're going to want to look for Price to actually shift into bullish order flow once it happens. Entry Here, stop here. Target 2R or target at 113600. Now just to break down a little bit about the timing as to when you can expect this to happen. You can see that today has news at 8:30am this is when you get USD news. And so you want to expect that kind of like retracement to happen anywhere between the hours between now until like 7:30. And then once you start getting that move like let's say at 8:00am or 8:30, once this happens, boom. Price is just gonna very likely shoot towards the other side. Pretty straightforward. Now there is also another kind of scenario that could happen. Even though this is the zone that I'm looking for, we may or may not retrace all the way back here. So in the event that Price actually just shoots up from here, this becomes your new order block, like bullish order block. And you can actually just momentum trade all the way to here. Although I have to admit, if this happens, I'm probably not going to be jumping into this trade unless I have a further target in mind. Because like this is not going to give you the best risk reward, right? At most this is going to be a one hour trade. And so let's just zoom out a little bit, see if there is any like other potential targets. This don't get Me wrong. It's still a very valid target, like at 115,000, I just don't know if it will get hit today and that's my only concern. So if you do jump into this one like just target two are like just an arbitrary number which is, you know, mostly the trip. So if you do get into this trade like instead of looking for like super long targets, what I would personally do is just target 2R. All of my trades that I call here on this channel are always 2 up. If I don't set a target specifically, then just assume that it's always going to be 2R. Because the truth is for most beginner traders, heck for most traders, including myself, 2R is all I need to make a really sustainable living from trading. But most likely like more likely than not, probably going to retrace back into the zone right here and then we are going to head towards the other direction. So definitely look out for that. The only like kind of invalidation scenario that could happen for today is that once you come into the zone you actually blow through the fair value gap and you do not get that bullish cic. In which case it's pretty likely that the scenario B is going to be inflate in the sense that it's going to be a market maker sell model. As for whether or not I will be trading that my call today officially is going to be towards the bullish side. If it ends up being a market maker sell model. What I would really love to see to confirm that is a break underneath 111,200. If we get a one hourly close underneath this level, this would fully validate the market maker sub model. And it is not too late at that point to just wait for a retrace deck and to ride the market lower. Again, this is just a scenario that I'm considering but there is a big difference between what I think may happen and what the market is actually showing me right now. And as a trader it is our job to trade what the market is showing us, not what we want to see. I say this all the time and hopefully I have inspired you just kind of like as living proof to do that as well. And by the way, if you enjoy the way that I trade or if you enjoy the way that I think about the market and if you would like to learn this for yourself, feel free to click the first link in the description box below to sign up to Bootcamp. This is where I'll work with you one on one personally to teach you everything that I know and get you profitable within 60 days. Outside of that, Gonna see you tomorrow's video. Bye. Bye.