Today Will Decide The Fate Of Crypto For The Rest Of The Year, Stay Cautious!

What's good guys? Welcome back to another video. Yesterday was absolutely spot on. Like we eventually did not get that sweep above these relative people highs during the London, but we eventually just got that one hourly CISV and a price just like just referenced that level once, twice and then you would have gotten many opportunities to just take a short all the way down. And so that puts us at 94 wins out of the last 118 calls that I've made here on YouTube. And the beautiful thing about what happened yesterday is that the move isn't yet completed, which means today the train is going to be super straightforward. Very likely we're just going to go down from this point onwards and it's going to just keep going down until this level is picking out. Because take a look, right, There's a reason why Price actually stopped just short of this level that we've been calling for since the start of the week. There is always a reason as to why moves happen in the market. Most of the time it tends to be the doing of the market makers and just the big players in the game. It sounds a lot lot like a conspiracy theory until you see the fact that we have gotten a very like more than an 80% win rate on all of our calls from since February basically. And like this is all based on just smart money trading. And so proof is in the pudding. This stuff works. And yeah, like if you're new to this channel, just understand that I tend to be right more often than I'm wrong. And yeah, let's get into the video today. So before I can even get into the video today, we have to first talk about news because this is going to be the most defining piece of information that we have access to today. Basically everything that's happened this week is lining up for what is about to happen today. So at 10am we have federal Chairman Powell is going to speak like this is his final speech as the Federal Reserve chairman during a Jackson Hole event. Now if you don't know what a Jackson Hole symposium is, I know it sounds like a lot of like sounds really fancy, but in reality this Jackson Hole is a place in Wyoming, a once a year thing where all of the central backers gather together into this one little place in Wyoming to just, you know, do their masterminding, you know, how to take over the world. Evil mastermind, whatever. So today is going to be his final speech as Federal Chair on this annual event. Right. Because his term ends next year during May. And so like there's two outcomes that you can expect from this, the first one is going to be, he's going to be doyfish. That is very positive for risk on assets. Like basically and interest rate cut is already on the books. Like it's just if he, you know, hints that, hey, yeah, it's definitely going to happen or like it's going to happen sooner or like, you know, just the general. If he sounds really dovish, great. Bitcoin is going to absolutely just fly. And this is going to come after we sweep out this key liquidity level that we've been talking about ever since bitcoin started. This candle right here, quite literally. Like if you go back to just my videos from like two weeks ago, the moment bitcoin took out this previous all time high and did this change in state of delivery, I was already saying, all right, you're going to come here, you're going to fill in that higher time frame weekly parity gap. Once you fill this in, boom, you are going to just fly. And like this could not be scripted better because today is the key news event. So are we going to absolutely fly today? I don't know. But what I'm certain about is that there's a very high likelihood today that we do sweep out that low and we fill in that weekly FE gap. Speaking about the weekly FE gap, this is the level that I've been talking about since the start of this week. This F gap is a support level that if Price were to retrace into and sweep out this low, it, it would give just a lot of precedent for a strong pump leading out from there. And Price is going to potentially form a new all time high from this point onwards. Another thing you need to understand about the weekly chart is that you are still incredibly bearish. For those swing traders out there, just understand that things are still looking good, right? You're still getting higher highs and higher lows and essentially until this level right here at $98,000 is taken out, you're good. Like the uptrend is still intact. Any opportunity that you get to buy into some kind of F gap, I'm just going to show you an example from a previous fair value gap. I'm going to show you again an example of this is the first fair value gap that was filled and then you have the second fair value gap which ended up being the bottom. Like this is all rooted in just smart money, like smart money terminologies. So again, I'm not just pulling this out of thin air. This is a method that is rooted in, you know, clear concepts and, well, clearly it works thanks to these videos. But yeah, fairy gap on the Ouija shot pretty strong sport level, so look out for that. And so if you're a swing trader, your opportunity is going to be in two places. You're going to want to load up on some bitcoin at this fair bit of gap here and you're going to want to load up on some bitcoin if you do retrace into this bullish order block. What is a bullish order block? Order blocks at 30 guts are similar in nature. They're known as PD arrays and both of them are just bullish support levels. In the event that you get into it. Now, I cannot predict that this will be the absolute bottom. In fact, that it's not even my job as a trader. My job as a trader is, or rather my job with these YouTube videos as well as myself as a trader is to simply prepare for the scenarios that are likely to happen when they do happen, right? When these certain conditions are met and these things actually happen. I already have a clear game plan as to what I'm going to do. And in this case, if price gets into either one of these levels and I, if I start seeing some bullish indication, that's going to be my cue to get into, you know, some long trades or at the very least flip my buys from bearish. Because we've been pretty bearish over the last couple of weeks. If you look through every single one of my videos, they've just been sell here, sell here, go short. Because things is going down as a reality of the market. Like, even though I hold crypto and I would love to see the markets pump, like, I would love nothing more than to see the markets pump. Reality is these couple of weeks have been bearish and as traders we need to react accordingly. Right? But anyways, if you're a swing trader, look for either one of these. I cannot predict which one's going to be the level, but what I can say for sure is that there will be some kind of reaction from those, like either one of those two levels. But in the context of today, like, yeah, this is just going to be super straightforward. We're so close to this level already. The fact that we are forming relatively equal lows right before this level is all the confirmation that you need that today is going to be another dump day. Now secondly, on the daily chart, we have this now bearish order block that price is retracing into right now. Again, this sets the precedent for price to just dump. Thirdly, yesterday Even though we had a, like bullish daily, you know, bias, I was saying, like, yeah, you know, you are not bullish. Everything from the higher time frame to the lower time frame is bearish. And so we just disregarded the fact that yesterday's candle was bearish. Sorry, bullish. And we just went short. Good decision. And today, same thing. It's even more clear than yesterday because right now, yesterday's candle closed bearish. And so you have a bearish daily bias. And you are also now a bearish resistance level on the day chart. Boom. You move into the lower time frame. This is your one hourly bearish order block that Price has tried to break through. 1, 2, 3, 4, 5, 6, 7, 8. For eight hours, price has been just knocking on the door of this bearish web and it has failed. And at the moment there seems to be some kind of a bearish changes to delivery going on at the moment. All in all, this just sets the precedent for some kind of a short either here, like just place stop loss above that high right there, target the lows, maybe put the stop a little bit lower so that you can get a, you know, you can achieve a 2R. This is still above a previous swing high, so it makes sense. And so, yeah, like if we get a one hourly candle close underneath this level right here at 112,800 is going to be your cue to get into. Like, this is going to be a change in state of delivery basically. And this is going to happen after you sweep into a higher high frame, just bearish PD and a boot price is going to take out that level. If that doesn't happen though, because again, the news is going to happen at 10am today. And so there is a potential that all of these stacked highs on the London session here, 1, 2, 2, 3, 4, you have four relatively equal highs right here. There is a potential that you could retrace and like just take out all of these highs here, take out the Asia high and then go down. That is also a likely possibility. But as long as this one hourly order block here does not get broken, like, as long as you do not get a one hourly candle close about $113,000, 450, you're all good. So you could sweep out all of these highs right here and then start dumping. It is also a possibility. But the fact remains that I do not expect, like, I do not want you guys to go into any shorts until this level is taken out. Because even if today pumps, you bet, like at some point this is going to happen. And then the market is really going to explode and you do not want to be that guy who went long too early, gets stopped out and then the biggest move of your life happens. If you've been there before, there is a way to prevent this and the solution is right there. Just be patient, wait for these higher time frame levels to play out and then, and then act. By the way, just side note, we we are right in the middle of a crypto alt season right now and I think there is realistically another two to three months before, you know, everything really starts cooling down and we may potentially enter into another bear market. This means that you don't really have too much time remaining. If you like what you see on this channel, if you like the way that I do my analysis and if you can see the proof in the pudding that, hey, you know, I tend to be right more often than I'm wrong. And if you like to learn this system for yourself, then click the first link in the description box below and call the bootcamp. Our next intake starts next week. We only take on three to five people a month and I would love to see you inside. But anyways, going back into the video, at the moment I'm just going to wait for a retracement back into this level. Obviously by the time you guys see this video, you may or may not have missed this entry already and price may have dumped already. But again, like the rest of today, again, it's just bearish momentum. Much like yesterday, even though we did not sweep out the London highs, the rest of the day was just so clean in the sense that boom, boom. That's a bearish order block. Price breaks down, comes back up. Okay, boom breaks down. That's the bearish order block. Price breaks down, you get another retracement into the very shorter block and price cuts down again. That's another very shorter block. At this point you get a change a little bit towards the outside because the down move is already over. The point being, if you see bearish like today, the, the bias is very clear, right? It's bearish. If you see any bearish indication, you just traded bearish, it's pretty straightforward. And of course I've already discussed the invalidation scenario. As long as you do not get a kind of close above here, you do not want to go long. In fact, heck, I'm even going so far as to say that until this level is taken out, don't go long, just go short. And happy trading, guys. I'll see you guys next week. Bye. By.