Crypto Market Update: Bitcoin to 35K?

Ideally, if you can come to $13.80, $13.83, that is going to be the ideal level within this macro range here. Solana is about to take out this range low here. I can get in at these 2 levels and I will set my stop just beneath these. What's up everyone, welcome back to another weekly market update. Now if you watch that little intro sequence, you would have found out that a lot of the analyses that I did last week actually came true, and some of them came true to to the dollar. Now this week I'm simply going to try to recreate what I did last week, provide you an analysis of what I think is going to happen in the market, and hopefully you will be able to use that information to go ahead and make some money from the markets. As for what we are going to cover in this video, definitely going to talk about Bitcoin, we're going to talk about Ethereum, I'm going to talk about a couple of coins that I think are poised to do well over the next week or even the next couple of weeks, and then I'm going to talk about a couple of coins that were That was suggested to me from you guys on Twitter. So if you want a chance for your coin of choice to be discussed in the weekly video, make sure you follow me on Twitter at _TheArtOfCrypto because every week before I record this video, I will ask you guys what you would like to see discussed. Now let's dive right into Bitcoin. And to kick things off, last week we already predicted the fact that it would come back to the 0.5 of the rejection block. It would find its bottom there. Like, this would be the ideal level to buy Bitcoin before it took off to $35K. And that is still the target I am setting. Now, the only thing about the $35K target is that we don't necessarily know if it's confirmed yet or not. In fact, nobody really knows what is confirmed or not. But at the very least, I do have a couple of criteria that I would like to see fulfilled before I can be much more confident in saying that we are definitely going up. And that criteria is that I want a candle body close above this candle body high, which is at $27,200. Now, as of the time that I'm recording this on a Sunday, Bitcoin has already broken above 27,200. The only issue is that there is still 12 hours remaining until the candle body close. So this is significant because number one, you got to remember, in fact, I talk about this in almost every video. What you need to understand is that most of the trading volume is concentrated within the bodies. It's not concentrated in the wicks. Now, when we are looking on the daily candle, I want you to picture this. Imagine a daily candle is made up of all of these 15-minute candles, right? If it looks like this, That daily candle is probably going to close something like this, and that doesn't make sense because these wicks are so easily manipulated, and anybody with any decent sum of money, especially the market makers, can do this with ease. So you don't want to use the wicks as much as possible; you want to use the bodies. So a candle body close above this candle body high simply indicates a break of structure, or rather simply indicates displacement. Now, what is displacement? When the markets are going straight up or straight down, it simply means that that is a moment that the market makers and the big players are involved in. The markets. Because let's face it, there is no chance in hell that us retail traders who are like little fish are going to move the markets in any significant fashion. So whenever you see the markets going straight up, straight down, that's displacement. Smart money is in the game, and we want to follow the smart money because they are the ones who have the power to move the markets in any given direction. And it would just simply be a stupid idea to trade against the people who have the power. So I am expecting this candle body close to happen sometime during Tuesday, and let me explain why Tuesday. So usually on weekends, the market makers and Well, basically just every single major financial center in the world is of taking a break for the weekends because they too, like us, are humans. So because of that, they tend to keep the markets in a very tight range. Now, this week is a little bit of an exception to that rule because it's going up rather than staying in a range. Either way, you must understand that the weekend move usually tends to be false, and it would be a good idea to wait until Tuesday to let the market show its hand and let it show what it really wants to do before you pull the trigger. Again, the entry criteria is simply a candle body close above $27,200. If you can get a candle body close above $27,500, that would be even better, but $27,200 would be a good number. And once you get that candle body close, this candle, this down candle here, now becomes a bullish order block on the daily, on the daily timeframe. Now, this simply means that, you know, let's say you close above, whenever you do come back into the bullish order block, One can simply place an entry at the beginning of the order block and set a stop loss again at the body of the order block. And that is a very calculated trade where you risk not much and stand to gain a lot. Most importantly, you have a clear invalidation point. Now, if you were to leave it up to me personally as a trader, this is what I've learned over time works much better. Whenever you do get a bullish order block or a bearish order block, I want you to draw a Fib from the top to the bottom or bottom to the top, whatever. Most importantly, you want to get the 0.5. Now the 0.5 is known as the mean threshold, and market makers really love to keep the market in a state of equilibrium or balance. And the 0.5 is a very good way to do that. So instead of setting your order at the beginning of the order block, you simply set your order at the 0.5 of the order block or the mean threshold of the order block. And notice how even with the same target, let's say I'm targeting here, it goes from a 5.5 risk-to-reward ratio to 2.5, right? That is literally doubling your potential profit simply by moving, like simply by applying this small little technique. Of the time, I find that this works much better. For example, here, notice how this comes to the 0.5 and then bam, right? You could have set your entry at the beginning of the rejection block, but look how much better it is to set your entry at the 0.5. Same concept applies to this. So this is trade numero uno that I would take if this order block gets confirmed. So second one would be, what if the price just, you know, goes lower? And then in that case, then it's simply going for a little liquidity sweep. What do I mean by that? Remember how I said that most of the trading volume is located or concentrated in the candle bodies, and there is a couple of candle bodies here that signify liquidity. That means that people might have stop losses resting beneath these lows. And so if the markets do come here, then it is most likely just a liquidity sweep, in which case you can actually take another trade, or at least I would see another trade opportunity over here with a stop loss beneath this wick. So it is either here With a stop loss here, or here with a stop loss here. Now, if the price does go beneath this wick, especially if you do get a candle body close beneath that wick, then you are absolutely screwed. Bitcoin is going back to the low 20Ks, maybe even lower, because that is our invalidation point. Now again, if this is just— now I want you to notice how I'm thinking about the markets. If this is the invalidation point for a bullish scenario where Bitcoin goes to 35K, then every sell-side liquidity sweep Should move the markets higher, right? After you take out all of the people that are long, right? You take out their stop losses. Every sell side liquidity sweep should take the markets higher and create new highs. The reason for this, I want you to think of the markets as a Ferrari. In order for the Ferrari to go anywhere, it needs fuel. Liquidity is that fuel. In order for the markets to come here, it needs to get fuel from people down here. So sell side liquidity sweep, if it doesn't go higher, in fact it closes lower, then you are going back to the low 20Ks. Now that is the situation on Bitcoin. I have given you exactly what to look out for heading into the week. And you know the exact criteria. So simply look out for that. Most importantly, you have to be patient. I have given you the game plan. Now you just have to wait for it to happen. Now impatient traders that just think that the markets are doing something and then they get in because they're impatient, they FOMO or whatever, they are not going to last long. But when you have a clear game plan and then you wait for the game plan to happen before making a move, those are the traders that are going to be very, very successful. And of course, as Tuesday approaches, things might change. And if you want the latest market updates, make sure you follow me on my Twitter at _theartofcrypto. Crypto. If there is anything urgent or something changes, that is where I will be posting the most up-to-date reports. So now let's move on to Ethereum. So nothing much has changed from last week. I still think that if you had the option to trade either Bitcoin or Ethereum, Bitcoin looks way more clear at the moment. But in last week's video, I did mention that there is this bullish order block right here, and that if you retested the bullish order block, it would be a good buy. Just like Bitcoin, we have no clear confirmation until you get a candle body close above here for this to turn into bullish order block before, before you do the exact same thing with Bitcoin where you draw the fib, you know, you look for the 0.5 and then price comes back to the 0.5, that's a long opportunity. Or you wait for a liquidity sweep here before getting into the trade. But either way, if I had the option to trade either Bitcoin or Ethereum, I would go for Bitcoin because it looks much more clear than Ethereum at the moment. Ethereum just looks like it's in no man's land, doesn't really know what it wants to do. Again, ideally I would still look for Ethereum at a price of $1,522. But I doubt this is going to happen because if Ethereum does come here, then Bitcoin is definitely going back to like the low $20Ks, in which case this becomes— I, I just wouldn't buy here, right? Because it means that it's going for a liquidity sweep down here at $1,400. If all of that sounds confusing, in fact, if anything in this video that I've just said sounds confusing to you, or maybe you would just learn— maybe you would just like to learn a little bit more about how I trade, I have really good news because I'm creating a free course right now that I'm expecting to launch in the next 2 weeks. Now I know what you're thinking. Most free courses suck. I get it. They teach you the most fundamental and basic and useless things. Like, you could learn more from a YouTube video than you would in a free course. But I promise you, this is going to be different. I'm actually going to teach you exactly how I trade and only the things that you need to succeed as a trader. None of the fluff. I'm not gonna talk about MACD, RSI, or whatever. I'm just gonna give you the stuff that works. In order to keep the quality of this free group high, we are not going to let everyone in during the date of launch. So if you wanna secure your spot early, sign up for the waitlist. The link will be in the description box below. And when the free group is launched, you will get a notification sent directly to your email, and I will see you there. Anyways, back to the video. Now, Ethereum, mostly the same as Bitcoin. The only thing is, since I'm expecting $35K for Bitcoin, last week I did not mention this in the Ethereum portion of the video, but if Bitcoin does go to $35K, I am expecting Ethereum to end up somewhere between $2,200 and $2,500. Honestly, closer to the higher end of this range, so probably $2,400 to $2,500. Yeah, basically everything else is the same as Bitcoin. But again, remember the concept of trade less but trade best. It is better as a trader for you to trade less because every new trade that you take, you are just exposing yourself to more risk. Just because you open 2 positions does not mean you're gonna make twice the money. It simply means that you are twice as likely to lose money instead because no trader is a 100% win rate trader. If that's the case, then you don't have to worry. Like just take 2,000 trades a day for all I care because you have a 100% win rate. But that's not us, that's nobody. And so every trade we take on, we just expose ourselves to more risk. So now that we are done with the big 2, let's get into a couple of coins that I think have potential heading into this week or maybe even next week. And one of them is going to be Solana. So last week's video, I talked about how there is liquidity here, and I just want to show you again that this stuff works. Candle body here, that is a low that has not been taken yet. People would think that when you come to this spot here, oh no, support is broken, you know, you're gonna go to zero. And yet it rebounds, right? It is going up. Why? Because in order for the market to go up, you need fuel. Where do you get the fuel? From sell-side liquidity. Okay, if your market wants to go up, you get fuel here. So you got the fuel and now you're going up. Now you have a clear candle body close above this bullish order block here. And so when you do return to this bullish order block, that is a go. You know exactly what to do. Now something like this would work, or even just like that. Me personally, I'm just going to set it at the low of the wick, and then I am going to target here at $25.3. That is a potential gain of 30%. Or you can also go for the range high right here at $26.2 for a potential 33% gain. So last week we already predicted this. We saw the sell-side liquidity here and we knew it was going to be taken. If you want to learn exactly how I know all of this and how you can do this as well, of course I'm going to be sharing it there. So that is Solana. No further updates. Again, the invalidation is the exact same. Ideally you get it at 0.5. If you do get a liquidity sweep, I wouldn't enter here just because Well, it shouldn't sweep the liquidity here again. So if it does, basically just one trade. That's what I would do. That's the only trade that I see on Solana. And the other coin that I had on my watchlist was AVAX. Now, last week we talked about the 0.5 of this fair value gap here. Again, you will learn what a fair value gap is in the free course. But to put it simply, this gap here between this candle high and this candle low, notice how there is zero price action here. And there is a 0.5 of the fair value gap as well, drawn at this white line. Now previously you almost tested it here. You did it, you missed it by just a little bit. And so that is market manipulation. It means that the market makers are going to return back to this area in order to fill in the imbalance before pushing the markets back up again. Now as of the moment, right, you have filled in the 0.5 of the fair value gap, just showing you that works. But it is in a similar situation with Bitcoin. Until you get a candle body close above here at 14.7, you don't really have a clear entry signal. Once that happens, then you start looking for But at the moment, AVAX should be on your watchlist, especially because this level that it just filled in also signifies that it took out the range low. I want you to visualize this. AVAX is trading at this range high and this range low, right? Most of the price action is concentrated between these 2 levels. So when you take out the range low, right, remember, in order for the markets to go here, it needs fuel from here. In order for the markets to go here, it needs fuel from here. Okay, so right now, where is all the fuel? The fuel is all located here. Range low has been taken. It is very important that you think in probabilities. Right now, the probability that the market is going to go higher from this point is higher than it is of going lower. And of course, as with anything that goes in the market, there is no— like, the only certainty is that there is no certainty. So until you get confirmation, until you get a clear entry signal, don't go for it. But if you do, that's the target at $21. That is a potential 50%. So I just took a look at Twitter and ICP was suggested by Wesley. J. De Souza. I'm sorry if I'm butchering that name, but just proving to you guys that I actually do read these comments and I do take it into account when I'm doing these videos. So currently on the situation with ICP, like, ICP is very interesting because it is in a very similar position as AVAX where you are trading between this range high— sorry, that range low— and I'd say closer to this range high, although this could be an external range high as well. So right now you have just taken the range low, so Right. The logical place to go is going— like, the probability that this is going to go back to the range high, you know, range deviation is higher than it is of going lower. But just in case, let us try to scope out the possibility that it is going to go lower. And if it does, where is it going to go? There is liquidity over there at 3.8. Again, right now this is a very calculated bet. The moment you get some— even if you get a down candle plot, like a down candle close here, and then an up candle engulfing candle, like that, this is going to become your bullish order block right here. I'm just trying to— you're just trying to show you, even if this candle, like, you get it down close here, engulfing here, that is going to become your bullish order block. That is going to be the entry signal. Now, the only reason I would look for bullish order blocks here is because you have taken out the liquidity and there's not much— and I'm not saying that it is impossible for this to go lower— there is not much reason for it to go lower from here. So this is a very calculated bet. Your risk is very clear, but your reward is much higher than your risk. Like, your potential reward is much higher than your potential risk. So again, this is one of those coins that I would put on my watch list, similar with AVAX. Very interesting. But again, if there is only one or two trades that you could take out of the entire list that I talked about, I would focus on Bitcoin and Solana. Do not overexpose yourself too much into the market at any given point. That is one of those golden tips that you only learn once you've been in this game for long enough, because the crypto markets are very correlated. If Bitcoin goes down, everything goes down. There Like even if it's a good setup, it's not going to be as good because of Bitcoin. So do not overexpose yourself at any given point. And, and again, just remember that in order to control the quality of the free group, we are limiting the amount of people that can get in. So if you want to get on the waitlist, make sure you sign up right now and secure your spot. And I'll see you in next week's video. Bye-bye.