Post Crypto Market Dump Analysis, Reflections, Live Trades, Q&A - Stay Ahead Of The Curve #BTC #ETH

What's up, guys? So let's just give a little bit of time. Time for everybody to get in. You can do a bit of a reflection and look back at— look back at what's going on. Can you guys hear like my microphone picking up the echo? So the— no echo, music's good. Right. The music's a bit too loud, let me know as well. Turn the music down a tiny bit. Yeah, sure, right, put it down a lot. Right. Anyways, before I get into any questions that you guys might have, let's just, let's just dive into, you know, and try to process what happened last— well, yesterday, and try to figure out like what's next. Because I should say that, you know, the stuff that happened yesterday, it's, you know, caught a lot of us off guard, including myself. You know, if you've lost money, so did everyone. You know, my portfolio is down. Everyone's portfolio is down. You know, unless you're trading, you know, day trading or scalping, you did not get out of this, you know, unharmed. And yeah, it's fine. So, you know, what happened yesterday is Yeah, let's just say it's— I don't know, it feels, you know, it did, it did pop into this zone that I've been talking about on my videos a lot. And, you know, we did indeed find the bottom in the zone. At the moment, I am inclined to believe that this is indeed the bottom. And, you know, it's up only from here. Maybe we might go to $100K from here. At least that is how I am inclined to think at the moment, because I've been discussing about this level for quite a while. Now that we've hit it, you know, we had a plan heading into this trade, and you know, you sort of stick to it now that you have filled your position, if you know what I mean. So Yeah, I've been away from the charts since yesterday as well. Yeah, this big hit. And you know, before I, before I even get into anything, right, if you, you guys have, you know, experienced some kind of major loss from this, maybe your account's taken a big hit or anything, you know, anything of the sort, anything that disturbs your mental state of, like, your state of mind. Right? Anything that makes you feel sad or disappointed, or maybe you just have that heart-constricting feeling when you realize you just lost a ton of money. You know, I urge you, if you are in that kind of a situation right now, you know, really take it easy. It's like the worst thing you can do right now is to try to jump back into the markets, double your leverage, triple your leverage, and try to get it all back. You know, that's something you call revenge trading, and Let's just say that even though it might not sound like a very bad thing, it never ends up well, you know, for the person, right? For the person doing it, never ends up well. Thing about trading is you really want to be trading with like a proper state of mind, right? My trading is 80% psychology if you think about it, right? After you get into a position, you know, finding an entry, finding an exit is very easy. It's controlling your emotions once you get into the trade. That's that's the real issue. When you get into the trade and you're like, oh no! I I want you to think about it this way, right? If you had a you know sort of disturbed state of mind, you're going to be paranoid, right? You're going to look like you're going to look at a chart and you're going to see oh you're going to go down to the one minute. And oh my God, look at this candle! It's going down. Bitcoin's going to dump. I need to get out of this. But you know, in essence, it's not right. Just your mind is just hallucinating, and you're just you know imagining weird scenarios that might happen, and that's all due to what you just went through. So yeah, if you're down, just take it easy, right? Just seriously take it easy. Understand that trading is 80% psychology. Like, you don't understand this until you've been trading for a while and you understand, like, hey, entries, exits, that's easy to find. It's having the emotions and the patience and the discipline to stick through things. That's like the real tough part. So take it easy, right? Until— until— take it easy until you get, like, fully get over this, right? You do not Like, just— it could be a week, it could take a month, anything, right? Just step away from the charts because otherwise you're gonna come back here and something's gonna be wrong. You might play with way too big of a position than you usually do. Maybe you might enter into positions early, maybe you might exit early, prematurely, anything, right? Biggest tip, right? Always, you know, just step away. So now that the advice part is over, just wanted to clarify that this is sort of a— so firstly, I'm gonna go through like what I think about the markets and try to figure out like what's next, and then I'll get into a little bit of Q&A with a few guys. So Yeah, let's dive right into it. So immediately right off the bat, as I've said before, I'm inclined to believe that this is the bottom right here. You're only going to go up from here. That is what I'm inclined to believe. However, let's, let's take a zoom out and let's try to see if— let's try to see if anything has changed. Let's say So at the moment, what you definitely want on the weekly is for the weekly to close above 49K, right? Just let me zoom in a little bit. So if you see this trend line right here— sorry, I might have to draw it maybe like that. If you draw a trend line like that, then yeah, it's really ugly. Like, really ugly. How did I even stumble upon this trend line in the past? Was it like that? Yeah, like that. So hopefully, hopefully on the weekly close, you really want it to go above 55 grand. Is that likely? Probably not. Is that possible? Yes, but not likely. Otherwise, if you do not close the weekly here, you know, you're pretty much certain that once you go back up to 55 grand or maybe even 57 grand, it's going to act as immediate resistance because this trend line is You know, as you can see, has been a pretty major one. Secondly, we have indeed right that that's going to be the bearish scenario, right? Which is a bearish retest on this trend line right here. On a positive note, this block right here, I've been talking about this in my videos for weeks, weeks. I've been talking about it ever since like two months ago. Okay, so to those of you. Who followed the plan? Congratulations, you caught the bottom. Was I expecting this to be the bottom? Yeah, I discussed this. Was I personally prepared for it to happen this quickly? No, honestly, I— this was out of my expect— I'm gonna be honest, right? I can't be right all the time. Um, I was right about this being very close to the bottom. I was not right, however, about the fact that it would be hit this quickly. So, you know, I might have to apologize there. I, you know, I'm— I deployed most of my capital at about $49K and $47K, right? I didn't actually catch the exact bottom, even though it was something I've been talking about. But hey, you know, again, goes back to— goes back to show that psychology is everything, right? Just because you have a plan, right, entries, exits, everything You still need the discipline and the psychology to follow through with it. And, you know, again, it's just what I mean when I say it's a lot of— it's a lot of psychology. So at the moment, honestly, honestly speaking, um, just— I don't have a very conclusive answer yet because we do need more time for price action to develop. Before I can come up with, you know, a definite statement and say, "Hey, we're going up from here." Hey, we're going down from here. But just based on what I've seen so far, I do believe that this should be the bottom, right? We might chop around, you know, might chop around for a bit, take out the lows before going high to take out the highs, right? The previous highs right there. In fact, before we even do take out the highs, we have to pay attention to a couple of zones of demand, right? Sorry, supply. So it's going to be zone of supply number 1, if you want to, and this is going to be zone of supply number 2, right? So expect, you know, $53,000, which again, talking about $53,000, let me go to We go to, uh, the Bitcoin CME futures, right? And you can see that the gap is at $53,500. So I forget about this one. Yeah, this one was back during like $30K times when I, when I drew this. So let's forget about that one. So, um, the CME futures gap is at $53,500. So if you go back to Bitcoin Um, I do expect $53,000— like, you know, CME futures gaps tend to be filled one way or another. So you could, um, in my opinion, you know, you definitely fill $52,000 before you make any other moves. And when you do fill that, it should be maybe next week, maybe in the next couple of weeks. In my opinion, next couple of weeks, probably not going to happen immediately. But otherwise, 53,500 just happens to line up with the zonal supply. So once you fill it, my immediate reaction, what I've been trained to do, is to immediately look for a short at 53,400. Because not only is this— does this line up with zonal supply at the moment, until we break— at the moment, right, until we break 59,500 You are not clear of bearishness, right? You're not clear of bearish order flow. You really want to break 59,500 before you're like truly like out of the water, let's say, right? Once we break 59,500, we can start looking for longs. At the moment, we just caught the bottom. So right now, for those of you who did not catch the bottom, For whatever reason. In fact, actually, I can't speak much because I didn't catch the bottom as well. So whoever who, you know, catches the bottom, uh, you're set, right? You're set. Uh, maybe take some profit at 55— sorry, $53,500 just to be safe, right? You always want to take your profit off the table, right? You want to sell into greed, sell into strength, buy into weakness, buy into fear. So, man, honestly, I might just— I might really just stream more, man. Like, livestreaming is so— it's a lot more easygoing, right? I don't have to plan out the content as much. It's just a more free flow kind of, you know, form. So let me know if this is something you guys want to see. But otherwise, that's going to be entry number 1, right? Definitely look for this to be a short. You are not clear until 59,500. And the second take profit, you're definitely going to want to take some at 56,400, like 56,500-ish. That's going to be key. It's going to be a bearish order block right here, and expect this to be very strong resistance as well. So you have 2 short entries, right? And you know, your take profits could just be at previous lows. In this case, I don't actually know where is the previous lows, you know. We just formed one at 46,200, but you know, we'll get to the TPs in a bit. But now— But now, yeah, I really, I really can't say much. Like, I can't, I can't say Is not enough price action for me to immediately go like, oh, this we're going back to thirty k or you know if we're going to pump. The only yeah, it's too early. It's too early. In my opinion, we definitely go to fifty three five hundred before anything else happens. So expect that to happen. And if you if you go back to Bitcoin futures. Just so happens that you do have an unfilled gap between 34,000 and 33,000. So are we going to fill that? I'm not sure. I'm not sure. I always say that the markets move to take out liquidity. At the moment, there could be a point of untapped liquidity at 34,400 to 33,000, which is again right about this block right here, which is in fact an order block that has not been tapped yet. And order blocks, think of them as areas of untapped liquidity, right? I'll get— I'm not gonna get into it in this video, especially, you know, this stream. Just, yeah, this stream is, um, so there's a lot of, um, there's definitely a lot of folks from the private group in here, so yeah, they definitely know what's up. So are we gonna come back down to fill in, you know, the imbalance here, fill in the liquidity? I'm not sure, honestly. It's hard to say. Give me a few days, or, you know, give me a few more days. Yeah, give me a few more days and we'll take it from there. At the moment, definitely, um, I wouldn't recommend jumping into any positions impulsively just based on what I said at the beginning of the stream, plus the fact that you're in pretty much the middle of nowhere, plus today's a weekend, plus heading into the monthly— sorry, heading into the weekly open. Yeah, it's going to be a lot of volatility. Definitely do not want to be overleveraged right now. You're gonna get very likely strong moves in either direction. Yeah, you don't want to get stopped out unnecessarily at the moment. That's the only things you want to keep in mind for Bitcoin. So for Ethereum, man, who else was watching my Ethereum videos when I called $3,550 as the bottom for Ethereum? Like, man, I've been talking about this level for Wild. And look, man, did anyone— like, for the private, for the private group, everyone, everyone, let me know if you got into Ethereum at $3,550 because I've been talking about this level for weeks. Exact bottom, boys. Exact. Music's dope. So for Ethereum, we have to figure out what's up as well. Man, I really hate it when there's a bunch of lines. Sometimes I wish like I could just hide these lines for a while. Like only show them when absolutely necessary. Okay, so at the moment you're still closing above this trend line right here. Going back to the daily just so I'm getting this right. Yeah, so at the moment you're still trying to close above the trend line, but in all honesty it's probably not going to happen. So when, when, right, when Ethereum gets back to like $4,300 or $4,400 For those of you that caught the bottom, you're gonna have like a 25% payday coming back to $4,300 and $4,350. Oh man, this guy had a limit order at $3,550 for a week and canceled it a day before the dump. Man, keep the limits, man. That's how you— that's how you snipe, my friend. So at the moment, expect a bearish retest on this level, $4,300, $4,400. Make sure you take some profit. At the moment, Ethereum is in no man's land as well. I would lean towards going long on Ethereum rather than going short, but again, you're in no man's land. You never want to take positions in no man's land, right? Always wait for some price action to develop, and then we can take it from there. For now, um, for now, yeah, just, yeah, there's not— there's nothing much to say about Ethereum. It's not giving me much to work with. So, so yeah, so $4,450 is a bearish order block right here. Let me just remove this, just remove this. So it's a bearish order block on the 4-hourly. So yeah, guys, like once you start learning how to read the price action, it all makes sense, right? You don't, you don't need, you only need nothing that like, yeah, just, you just spot it. And these are not coincidences. The market makers made them like this. So expect, so look for a short at 4450, stop loss probably like 4660. And you know, your take profit target's probably going to be $4K or something. Definitely, definitely look for that level to act as really strong resistance. Other than that, there's not really much to say. I mean, if we go take a look at Bitcoin dominance, you can see that it's at very, very historically low levels at the moment, which means 2 things. One, if we break below these historically low levels then you are going to get the wildest alt season in the history of crypto. If you don't break below this support, you know, all-time low thing, you are going to get, um, probably what I would expect to be an altcoin bear market. Ah, there's no other way to put it. Like, we had a beautiful, beautiful 137 days of just alt action, and at the moment you've come back down to pretty much all-time lows, right? You could still go lower, of course, so only time will tell. I mean, at the moment I cannot, I cannot, I cannot tell you what's going to happen at the moment. I do not have enough price action to work with, but definitely watch 37— sorry, 39.7 for hopefully breaking through support, right? That's what you want to see in order for altcoins to flourish. And the next resistance is going to come, you know, somewhere between 38.2 and 30— sorry, 36.5. So just pay attention to that one, right? If you— you definitely want to take some profits off your alts at $39.7K if we get there, because this is going to be an area where you might reverse from here and go into, you know, another month or two of really bad altcoin price action. Like, and I've been talking about this for quite a while, the fact that November and December is not going to be a good month for Not going to be good months for crypto. I hope, you know, I hope it did come right. Like it did, it had happened. Like it actually happened. And just, but just make sure you're building positions right at the moment. I'm still of the belief that heading into next year is going to be, you know, it's going to be a very good 2022, a good first few months, maybe a good. 6 months of 2022. So definitely continue accumulating. I am accumulating. But I think that's it for what I want to share. Now I can finally get into questions. Like, yeah, is there anything else? Probably not. Is there anything that I want to— oh yeah, Bitcoin volatility, beautiful. Oh yeah, nothing much to talk about, it's just calming down at the moment. You've got the DXY. Is there anything significant about this? Nope, still en route to 97.7. That is the level that I'm going to want to watch for a rejection. Hopefully you don't want to get— you don't want to— you really don't want to break above 97.7 at the moment. Yeah, you're still en route over day. It's honestly looking very bullish for DXY, and you know, with this in mind, whenever DXY goes on a very bullish run, you know, crypto sort of goes into a bear market. So it could be a possibility as well. At the moment, I don't know. I don't have enough information. But yeah, he's still en route. Nothing's really changed. Oh, there's something about DeFi, right? Is I invested a lot into DeFi perp, you know, at about this level right here. It's one like DeFi is something that I added a lot to. Yesterday during the dump, so I don't know. I just like to buy when nobody's talking about it, and at the moment nobody's interested in DeFi. Everyone's looking at potentially layer ones, and you know NFT craze is happening, right? Metaverse gaming. Oh shit! Oh man, right, I'm not supposed to curse on YouTube. I forgot this isn't Twitch. Um, yeah, I entered a lot into I entered a lot into, um, DeFi. Just the fact that nobody's talking about it makes me really— I'm talking about nobody's investing or nobody's talking about it, man. The folks in the private group, hey, you hit like bam! Like, you cannot make that. Ah, I called this— I called this coin in the private group And to anyone watching that is not in the private group, if you want to get access to all these gems that I'm calling that have potential to go for 100x, 50x, as well as get access to the snipes, check out the link in the description below. We were accumulating Solve. In fact, I caught exact levels for Solve. In fact, I shared this on Twitter, so if you haven't already followed me on Twitter, you, you're missing out, man. Bam, bam, bam, bam. Oh wait, I don't think I showed the accumulation zone on, on Twitter. Yeah, only the private group members had access to it. So yeah, perfect, right? Absolutely perfect. Bam, caught the exact bottom. You know, I actually went quite light on Solve, like on this level, but I had heavy call, like heavy bids at these 2 levels. And bam, bam! Just beautiful. But I have not taken profit yet because you know I have. This is a gem. This is a long-term investment, and I truly see this going, you know, going up like at least back to sixty cents. So. Yeah, I'm just still taking it easy for now. Have I seen Bitcoin dominance during the dump? No, I haven't. Um, if anything, I was busy rebalancing my portfolio and throwing a bunch of money into, into coins instead of looking at Bitcoin dominance. Yeah, it's fundamentally strong, in my opinion at least. I did the full analysis. Maybe I might share this on, on my socials, but, um, probably something reserved for the private group members. It's the, um, like the full analysis and exact price targets and everything. Could you give us some insight into Could you give us some insight which direction you think market is headed next couple of weeks? Retesting low 40Ks or breaking back above 52? In my opinion, breaking back above 52 temporarily. My portfolio is down 50%. Scary. Yeah, everyone's, everyone's— ah, sorry, I'm drinking. I'm drinking San Pellegrino water. It's like carbonated water. Yeah, everyone's portfolio is down 50%, so don't worry about it. Right, it's happening to everyone. You can't, you can't get everything. Um, just give it a little bit of time. As long as order flow is bullish, which at the moment I— at the moment, but on the weekly chart at least, you have not confirmed a bearish order flow. So assuming that order flow is still bullish, it's going to recover. It's going to recover. So what caused the crash? I'm not sure. Market makers, that's all I can say. Yeah, honestly, I don't know what caused the crash. I was not expecting it to crash that hard that quickly. So, um, yeah, I don't know. Honestly, I don't know. What now? Strategy? What now is, in my opinion, in my opinion at least, is just accumulate on spot. Um, you don't want to go— like, you should have went in very heavy during the dump because I've been talking about these levels. I've been talking about this month not being great for crypto. I've been talking about just, you know, setting limits. The fact that, you know, I'm heavy into USDT. Uh, well, I didn't say this on the YouTube video, so I did tell this to the private group members, but You know, you, um, if you haven't already invested heavy, then for me, I'm personally fully deployed already, like very close to fully deployed. If you haven't already deployed, you know, a lot of the, you know, a lot of your capital, uh, go slow, right? But accumulate on spot rather than leverage. You don't want to go on leverage right now. Imagine if you're going on like You imagine if you're going on, for example, um, 10x leverage, you know, you're getting moves every hour of like 2% or something. Volatility is probably going to be high for the next couple of weeks, so avoid leverage, high leverage, as much as possible, right? You don't want to get forced out of the market for no reason. Any coin that's about to go up, so oh yeah strategy right strategy for now yeah just accumulate on spot assuming bullish assuming order flow is bullish going to go up any coin about to go up so I can cash out and put funds in a winning coin I'm not sure like. Can give you a list of fundamentally strong coins, but I'm not sure. Personally, my bet would be DeFi. I feel like DeFi has been taking a DeFi has been taking a back seat to layer ones. As you can see, let me just go onto the daily chart. DeFi has been taking a back seat to you know the layer ones and the metaverse NFTs for about. A month now. In my opinion, I would put my money in DeFi, which is what I did if I were you. And Solana— Solana looks ready to explode. Solana, XTZ, ATOM. What else? Solana, XTZ, ATOM. Luna is doing really well. But yeah, Solana, in my opinion. ADA— ADA is starting to like have strength again. So watch those coins, in my opinion. Um, I'll do, I'll do like an update on those coins later. Yeah, Moonshadow, hodl what you got and accumulate more on spot if you have USDT. Bears will get stitches soon. That's true, that is true. What is a good price to enter for Solve, mate? You're in a private Discord group. Um, go look up— go look at my channel, you'll find it. Um, I'm in an LTC long at 199 and Somehow survived. In your opinion, would you try to hedge the bearish retest in case it goes down further, or take the L on the retest? Um, it depends on depends on a few. It depends on a few criteria. So first of which is you immediately have a bearish zone right here, zone of supply. Um, you're going to retest 182. So, um, should you take the L on Narita? It depends on— it depends on your plan, honestly. If it was me, I would— I would close. It depends, right? If you're going for this as sort of a swing trade or maybe a long-term investment, then absolutely not, right? Just take it easy. It's going to recover in like 3 to 6 months. But if you're trying to free up capital to use in other trades, then in my opinion, yeah, um, hedge, you know, hedge the position, right? Maybe take a short at 182, take a short at 189, um, and close out some of your long at that area, in my opinion. In my opinion, um, but it depends on your plan. But I've gave you the short-term, like, the short-term plan and the long-term plan. You said November and December aren't going to be good trading months in your last Bitcoin video. It hit home, so I cashed out to take a break a week ago. You saved this guy at least. I am so happy to hear that. Like, I'm like, honestly, I'm just Even if I might not be doing the best myself, I'm happy if I've helped someone or more people, you know, avoid catastrophe. Um, how do you join the private group? Uh, it's in the link down below. There should be a link on this livestream, I think, but otherwise, theartofcrypto.co. Am I able to join the group for lifetime? Yeah, I do have a lifetime option. Can you do an analysis on FTM? Yeah, sure, why not, man? You know, it's, it's really funny, right? Look at this. I drew that level like I don't know how long ago, and you know, almost hit perfectly. Perfectly. So analysis on FTM. Nothing much to say really. At least not on the daily chart. Let me see if I can find something on the four hourly. Um. At the moment, look for look for 1.887 to be immediate resistance. You could take a short here with a stop loss at 2.03. Should give you a pretty good R to R. As for the take profit, um, it's tough. It's tough. Probably 1.63. But yeah, nothing much to say. Every every single coin in the market right now looks similar. Um, it's really hard for me to say anything. I need more price action to develop before I— before I can say anything. Um, but yeah, so at the moment going for a bearish retest on this line right here. But otherwise, yeah, it's just not enough price action, my friend. I would love to help you, but every chart just looks the same at the moment. The only thing I can do right now is show you guys, hey, I drew these, I drew these, uh, nice support lines long ago and look at where the bottom is. Yeah, man, free, free alpha and Cardano video, GTC made literally 2.5x. You're welcome, man, you're welcome. To the people who are watching this video, um, basically in every pre-recorded video I tend to include a bonus trade at the end some coin that I think will go up or will do well. To the people who stay until the end, congratulations, because you, you do take some pretty good trades. Like, you know, LRC was probably the best performing one. I caught this in a video as well, just a bonus for you guys right here. I don't know if this is, uh, I don't know the setup. Yeah, yeah, it's disgusting. What do you think about accumulating more Uniswap and CAKE? Uniswap, Uniswap is honestly interesting because it has been underperforming. Well, But it's just been gyrating between 45— like, not even 45. It's like it's just been going up and down this range right here. It's honestly been underperforming. Um, I don't know, man. Personally, I don't— I think there would be better performing asset classes within the world of DeFi. Um, for example, I do think COMP Compound could be strong. I mean, before this dump at least, you know, you've got Compound, you've got, um, some hot ones like Rune. Yeah, Rune, Rune is a very— Rune is a big hitter. Um, but otherwise, yeah, in my, in my opinion, right, if Uniswap is something that you believe in and you've done your analysis, maybe you think it's fundamentally strong long-term hold, whatever, perfectly fine, right? Go for it. But otherwise, um, if you're just trying to get gains in the short term, I do think there are better performing asset class assets than, you know, than Uniswap. Um, do you want to continue accumulating CAKE? Hey, you absolutely could, right? Um, in my opinion, CAKE is going to go to $100 given enough time like this. This pattern right here, you can't make this up. It's just beautiful. Um, in my opinion, it's going to go to— well, it's going to go to $100, right? It might need to take a year or so, but yeah, if you— if CAKE is a project you believe in, you know, accumulate it and stake it. You get about 70% APR, I believe, at the moment. Have a look at DOT. Yeah, sure. Um, do you close your private group? Um, for the longer term options, no, but for monthly, yeah, I don't, I don't really allow a lot of monthly people to go in. I might open it soon though. If I'm going to open it, it's going to be within this week. So yeah, you want me to take a look at Polkadot, but there's really not much to say at the moment. At the moment, the reason why I'm so bullish on altcoins at the moment is because, you know, most altcoins just took out liquidity, right? If you watch any of my videos, you understand that I say the market makers, right, the markets move because the market makers deem it to move this way. You just cleared out the liquidity here. Then you have to start figuring where's the next point of highest liquidity, right? Where, where does the market makers want to take this? In my opinion, it's going to be up, right? It's going to be way easier to go up. But at the moment, I don't have enough price action. I'm inclined to believe that altcoins are going to go up from here because, you know, a lot of altcoins— you look at, you look at Polkadot, you look at Rune, right? You just cleanly Right, look at how clean this is. You took out the previous lows right here. Where is the next logical area? In my opinion, should be, you know, should be here, right? You've got imbalance, you've got a bearish order block right here. Um, at the very least, in the short term, you should go up, and then, and, and then whatever else happens after that, this is going to be a different story, in my opinion. Um, so same thing for Polkadot, right? You've got a zone of supply right here, so expect 32 to be immediate resistance if you do get there. Are we going to get there? In my opinion, yes, before we go down or not, right? We might not get there. So we draw a fib, that swing high right there to that swing low. Yeah, we could get there, or we might just get to 30 and start dumping. At the moment, it's still too early to tell. It's really hard to tell. I need more price action to develop itself. Should we wait until Sunday close and markets Monday to buy, or buying now safe? So honestly, um, yeah, just, just accumulate. Um, you know, just accumulate on spot. Um, I can't tell you what's the best time to buy. If I were to say, I would wait for the monthly open— sorry, the weekly open on Monday, uh, and then we will check the direction. You know, we wait for a direction to establish itself before we jump in. That's what I would do. What do I think of SLP right now? Um, honestly, not pretty. Um, the fact that this is an infinitely inflationary token— I know I was big on SLP back when it was here, but at the moment, yeah, not, not really too big on SLP at the moment, at least for the next few months. Um, if you were in SLP, you know, maybe you could consider taking a loss. Maybe. I can't be the one to judge. If— I don't know if you're holding this as an investment or what, but, um, I, I personally still hold some SLP. I will con— like, I will— I'll let you know, man. I'll let you know when I exit. At the moment, I'm definitely thinking about exiting SLP. Do you think when they hit the bearish order block we revisit $42K one more time? In my opinion, I don't know, man. I don't know. I, I really cannot tell at the moment. It's no way to know. You could get a repeat of what happened in May where you sort of get 3 legs down, right? So you You get 1, 2, 3, and then, you know, you revisit it again and again. Or you could get— or you— yeah, I, I think once you fill in the order block, you might go back to like $45K to retest it, in my opinion. All right, $45K, $44K. Yeah, I think it's gonna happen. It's too early to tell at the moment, but definitely leaning towards bearish for the moment. Where's the exact bottom? It's hard to tell at the moment, but yeah, I do think— yeah, I do think it will happen. Hey, the Dow Jones is at critical resistance. Can a potential down dump of Dow Jones take crypto down? So even the best prospects and So the answer to that is yes and no. So crypto is very, you know, crypto is very correlated to the stock market, and usually when the stock markets take a hit— I want you to think about it this way. Warning, hold up, give me a moment. This stream is Current bitrate. Is the video clear to you guys? Like, um, is the video quality clear for you guys? So crypto is very correlated to the stock market. Think of it this way: crypto is the king of. Like the king of risk-on asset. It is the definition of an asset class that is risky. So when you get subpar market conditions or anything that happens in the market, investors are oftentimes quick to de-risk their portfolio, and the first thing that goes is oftentimes crypto. That's why you see crypto move so volatile, like so with such volatility, in my opinion. Um, is Dow Jones— if Dow Jones crashes right here, which I don't think is going to happen immediately, right? I think we go back, just my personal opinion. I think we go back to fill in this gap right here, and then we can confirm the, the Wyckoff distribution, right? You've got your— I forgot what's the exact terminology already, but, um, this is looking textbook Wyckoff at the moment. You've got your whatever this thing is called. You got your first top, second top, 3 top, and then you get the next, like, a lower high right there. So let me just draw it out for you. Um, if I, if I wanted to short the Dow Jones or, you know, take some kind of a net short position or de-risk or whatever, I would wait for the Dow Jones to get back to this level right here, confirm the Wyckoff, and then go down from there. Uh, but yeah, if the Dow Jones crashes, yeah, crypto's, crypto's gonna follow, right? For the Dow Jones to crash, you know, everything's going to crash as well. This one, it's really hard for me to do. It's really hard for me to say, oh, this is, uh, this is, this is, uh, Wyckoff, because honestly it's not Wyckoff. It's just going straight up. Well, Dow Jones though, I've been monitoring this pattern for a while. Just looks like classic Wyckoff right here. Now you think about, you think about what happened with Bitcoin the other time, right? You've got, you've got sort of your, uh, where was it again? Yeah, you could say that this is the first, you know what, I forgot what's the exact terminology, but this is the first one. You got your first peak, second peak, third peak, come back up to this very— like, I want you to, I want you to understand this, guys. I want you to pay attention to this. Look at where the price comes back to. You do not make— you cannot make this up. The market makers move the markets in a way that is consistent, that is repeatable, that just happens all the time, right? They do this intentionally, and the sooner you wake up and learn to figure out what they're doing Yeah, okay, so back to the Dow Jones. Bam. Okay, it's just why I think it's gonna happen. Um, but yeah, I'm— I don't know if I actually answered your question. Uh, yeah, uh, so if the Dow Jones goes down, yeah, it's going to go down. What about Filecoin and EPS? Filecoin, yeah, same thing, right? You just took out the liquidity right there. Sitting— it's currently sitting at very strong support at the moment, in my opinion. Yeah, if you— it could be a good place to buy Filecoin right here at the moment. Every chart looks the same at the moment, so I would actually urge you guys not to ask me, um, questions regarding Technical because every chart looks the same at the moment. EPS honestly with that dump right there, it's going to look ugly. I mean, it is looking a little bit ugly. Am I going to continue holding on to it? Yeah, I'm going to. Right. But yeah, this is just you need to get like yeah. Honestly, I'm not sure. But EPS has not like EPS looks good. Honestly, like. It was ready to move. In fact, EPS took a very long time before it started dumping. Shows the strength, right? Attention was just about to come back to EPS and then things started taking a dump, right? I mentioned talking about Solana, so these are my price targets. So before this, I— if you guys watch any of my old Solana videos, I've been talking about So this is going to be right. The reason I'm putting, I'm putting this stream on YouTube is actually so that my editor could cut out some clips from the stream to use it as, yeah, to use it as content. But anyways, um, so let's do a full-on deep dive into Solana. So Solana, my price predictions is— so let me first explain a little bit about my thought process heading into this. So first off, if you watch my previous Solana video, I said that the top was going to come at $240. We did go a little bit above $240 to $260 before going down. If, right, if we had hit the price target of $270 and $300 in this last You know, in this last move right here, I would have called that the top. Honestly, I would have called that the top. But seeing that we didn't, I am now much more inclined to believe that Solana is not done, not going to be done at $300, and is in fact going to go target $370, $465, and even $560. Is that possible? Yes, very possible. Is that going to happen anytime soon? I don't know. At a moment, if you watch again, if you watch my old Solana video, I called the bottom to come in between these three levels right here. So let me know in the comment section below or whatever if you got Solana at this level right here. I would really like to see who took this trade because I've been talking about this level for weeks. So at the moment, I do not have enough price action to determine where Solana is going to go yet. But this, like, it's just showing immense strength, right? You look at Solana, it has recovered much more than other coins. And in fact, right now it has just formed a higher low. So right now, the only bullish scenario you want to see is a break above 240. Once you break above $240, honestly, it's going to all-time highs. So is there any trade that you could take? Personally, you know, personally, I would look for a short in this zone right here. Let me just zoom in a little bit. So between $220 and $240, I'm going to look for a short. So if I was going to do it, $220, um, $228, right? Dollar cost average if you have $1,000 to play with. Going half-half, and then with a stop loss above 240, and that's going to be the trade. That that's immediately what I can come up with at the moment. Everything is according to the charts; it's bearish, right? But unless we think you know bigger picture, then it might not be bearish. At the moment, you did just fill in this order block right here. So on the weekly chart, you are. Very bullish. This short trade right here is a short-term trade on the four-hourly, predicated on the four-hourly. But long-term-wise, yeah, definitely. Right? You have like you just filled in this bullish order block right here. So let me just draw that. So this right here is your bullish order block, right? Last down candle before massive move upwards. Beautiful textbook. And then your previous low was here, right here. At about $136, which is where, which is where my position is at, by the way. My average Solana position on futures is $135, and I fully plan on holding this until it's at least $300 to $370, or maybe even $450. So at the moment, yeah, Solana is bullish on the weekly, right? If you are a swing trader, continue to hold on to Solana, right? In about 3 months' time, it's probably going to be sitting somewhere about $350, maybe $450, maybe $560. If you're a short-term trader, short-term, right, immediately short-term, you are bearish. So look for a rejection at this zone right here. But otherwise, if you're a bullish trader, you are still going to want to look for a rejection at this area, but you're going to want to look for this zone right here, right? Notice how I'm thinking one step ahead, like I'm predicting what's going to do before it happens. So if you're a bullish trader, if you're looking for to buy Solana, then you're going to want to wait for a rejection in this zone right here. I'm going to draw it out using the candles. Go to this zone right here, get rejected, come back to this zone, right? And then form a new higher high, which is going to happen at $246, right? So that's going to be your take profit if you were to go long. In this zone right here, so bam bam bam. Or if you're a swing trader, hold on to it, and something like this is going to happen. Bam. Okay, so it depends on what kind of a trader you are. I am a swing trader, so if I do get Solana here, I'm holding all the way. You get the idea. And yeah, I hope that answers— it answers your question about Solana. And I just wanted to add, if you haven't already followed me on Twitter, The underscore the other crypto, you're going to want to do so. That's where I'm sharing gems, trades that I might be looking at, market updates, everything. So make sure you follow me there. But otherwise, Solana here looking absolutely strong. In my opinion, Solana is going to start moving very, very nicely soon. It's been accumulating for the better part of. I don't know, 2 months, 1 month, 2 months. So definitely pay attention to Solana as well as ADA. ADA's not recovering as strongly, but nonetheless, I do believe ADA and Solana are going to be ones that you want to pay attention to in the upcoming, you know, couple of weeks. Sorry, a couple of months. So for those who are currently fully deployed into dollar cost averaging downwards, apart from waiting for the long-term bullishness, at which Bitcoin level will it actually become the bear market so that we are able to cut losses? Honestly, the level at which you are going into a bear market is— I know it sounds very, um, might not be the answer that you want to hear, but my honest opinion, it's actually $40K. If you break $40K— honestly, honestly, it's hard to say. Um, it's hard to say, but if you break below $39,600, then that's when You might want to start getting concerned, but then not really. Yeah, honestly, the only level that could confirm a bear market is going to be $29,500. I know it's not the answer that you want to hear, but, um, fact of the matter is, you know, if you go on to the weekly, you go on to the monthly, you don't really go into a bear market until you break $29K. So don't think about bull market, bear market, or whatever. Just play what the chart's telling you. At the moment, if you've been following me for however long, I'm telling you guys that more likely than not, 2022 is going to be a good month for crypto. I don't think the bear market is going to be over— uh, sorry, I don't think the bull market is going to be over, quote unquote, on Q1 of 2022. Uh, that's when you want to sell everything. Bear market, boys. Honestly, yeah, probably. Yeah, just 2022 is going to be a good month. This month is going to be accumulation month. And as one of my moderators of the private Discord, which by the way, I don't know if you want me to shout your YouTube channel out. If you're interested, let me know. But yeah, he says bears are going to get stitches soon. I hope that's the case, but at the moment it's hard to tell. It's hard to tell. So someone has been spamming Absolutely spamming the comment section about DYDX. So let's take a look. Ah, honestly, no, I have no clue. There is nothing for me to work with here. If anything, let me see if I can— if you draw a fib. Ah, All right, so you're still intact. Your bullish bullishness is still intact, right? Because you only wick down below the 0.768. At the moment, you really want 8.34 to be very strong support. If you do revisit that area, you really do not want to see this close, or rather, you really do not want to see this break below 8.3, 8.34-ish. It's just not pretty. Um, like once you break that, like let me— Ergo. Yeah, let's go to Ergo. I'll give you an example. So the moment you break below the 0.786 of a coin that has not historically had much price action below this level, you tend to, you know, it's just like you, you just goes down. Okay, it's not the end of the world. Right, it just might take a little bit of time before it forms another rounded bottom and, you know, goes up again. But nevertheless, if you go back to DYDX, you're going to want to pay attention to 8.3. You do not want to see it break below. If it does, then expect something like, something like that to happen, perhaps. Either way, you know, if it breaks below, it's not the end of the world. Just might be, you know, 6 months before it starts— like 3 to 6 months before it starts moving again. But yeah, at the moment, nothing much to talk about on DYDX. If anything, I'm going to look for— I'm going to look for this zone to act as immediate resistance, um, at about 12.5, 12.4. That's where you're going to want to go for a short. Because everything— again, guys, you want to trade with the trend. At the moment, in the immediate short term, the trend is bearish, okay? It might be midterm bullish, it might be long-term bullish, but if you're a short-term trader, you're going to want to follow the trend. At the moment, it's bearish, so you focus on shorts. If you're an investor, long-term, midterm, um, Just hodl. I'll be— I'll be right back. Head to the toilet for a bit. What's up, boys? Link is tough. He just filled in this, this order block right here, which I never expected to fill, but it was indeed the bottom. I was talking about how Chainlink would find its bottom at this zone right here, but ended up We did fill this. At the moment, Chainlink is sitting on an order block support. So right here is a bullish order block plus previous support, um, or rather it's a high time frame support level. So, um, um, again, guys, I've been repeating this all stream. You have bearish order flow immediate short term. You've got a zone of supply right here. Expect Chainlink to get rejected at 28, 22.8, right? Um, you just filled this order block, which I never expected to fill. Um, all charts look the same at the moment. It's really hard for me to tell you anything. It's just expect a rejection, you know, look for a short. If you're a short-term trader, but otherwise, if you're a long-term midterm trader, the long-term midterm projection is definitely bullish. So continue to accumulate. In my humble opinion, 2022 is going to be an absolutely great year for crypto, which is why and and and it is in my humble belief that during the month of November and December, we're going to get. Opportunities to accumulate and build positions that is going to make some generational wealth, which is the reason that I opened up the monthly subscriptions back then for about 100 people. I actually closed it once we hit about 65 people. Um, the reason for that is just to, you know, to try to help as many people build those positions as possible. So I'm not trying to shill anything here, but if you If you're interested in joining the private group, this is going to be the month to do so. Um, probably going to open up monthly subscriptions soon again, but yeah, just, just letting you guys know. What do you think about like the top 3 to 5 best tokens for next year, um, other than the gems that I'm sharing in my Discord that can do 100x within next year? Um, I'm not sure actually. If you're talking about large caps, I do think Ethereum and Solana is going to perform really, really well. Much, much better than people would like. Much better than people would expect. Ethereum, Solana. Yeah, it's hard to say. I don't know what's going to be the top three, but I do have a list of very fundamentally strong coins that are set to perform. Sign me in. Pay for crypto. Pay with crypto. Oh yeah, just head to the website theartofcrypto.co, co without the M. Um, instructions will all be there. Like a good fundamental. Um, you could actually, you could actually look into, um, At least one of the coins that I'm accumulating is going to be SOLVE. Um, it's one of the coins in the list for those of you who are interested. I do believe this has the potential to go for 50x or even 100x. 100x was going to take a couple of years, but 50x at least within 0, maybe. I might end the stream here. It's been going on for about an hour and 15 minutes. Would love to continue talking with you guys, but I am getting a little bit tired. Maybe it's time to go have some wine. Open a nice bottle of, um, I have a nice bottle of Riesling that's in the fridge at the moment. But yeah, I think I've shared most of what needs to be shared. Again, not to shill anything, but, um, livestreams are probably not going to come a lot. If you guys want to get, you know, the best, the best of the best, check out the private group. It's where I'm going to be the most active. Link to sign up is in the description box below. It's, um, theartofcrypto.co without the M. theartofcrypto.co. Oh, if it's missing, yeah, just type in— I'll type it in for you. But yeah, otherwise, um, maybe should I hang around a little bit? Look, there is some coins. Oops. Yeah, it's a bit pointless to try to trade right now. Every coin just looks the same, and I wouldn't really want to get in. during the weekends with this kind of price action and this kind of volatility. So yeah, today is just going to be a day off, and I do encourage all of you guys to take a day off as well. Uh, my Riesling is from Germany. I do not remember what is the name of the— do not remember what is the name of the, uh, the estate that produced it, but let me see if I have a picture. It's a trimbuck. Trimbuck. Not sure how you pronounce that. I think it's a trimbuck. Yeah, trimbuck. I haven't tried this Riesling, but the wine connoisseur from the shop that I got it for said it was really interesting. And I like Reese's, so might as well, right? Man, you really are the expert of alcohol, aren't you? I thought you were just whiskey. But otherwise, um, yeah, it's— I urge you guys to take a day off as well. Today is not going to be a good day for trading. Uh, Waves, you could potentially look for a short here, but honestly, yeah, just stay out of the markets for now. There's no point getting chopped up in the middle of nowhere. The reason why I say Waves could be a good short is because if you view the markets like this, you can see that this area— so this zone is going to be sort of like midpoints. If you wanted to look for a short, you could, but yeah, just highly suggest staying out of the market. Not only is your psychology probably affected by what happened yesterday, but price action is just not good on weekends. To all of you guys watching, like, I highly recommend not taking trades on the weekends. Like, I know everyone probably has like a 9 to 5 or something, but it's not how crypto works. Right? Markets are usually closed on the weekends. Like, trade during the weekday, not the weekends. But otherwise, yeah, I'm just going to go drink some wine, maybe go drink some tea, and I'll catch you guys. I'll catch you guys soon, guys. Thanks for tuning in. Peace.