UPDATE: It’s Not Looking Good… + Trading Accelerator Is Official

What's up everyone, welcome back to another weekly market update. In this video, we're going to be talking about Bitcoin. As you can see that the bearish scenario has started playing out on Bitcoin, and we're going to discuss that or a potential, you know, reversal. And then you have Ethereum that is doing absolutely nothing, so we're going to give an update on what's going to happen with that. And then we're going to do a couple of analyses on altcoins that you guys suggested through Twitter. Now before I do get into it, I want to talk about Trading Accelerator. For those of you who don't know, it is launching on August 5th, which is this Saturday. And it is the free trading course that I'm releasing for anyone that has tried trading courses, has tried watching videos, has tried trading by themselves, but nothing seems to be working. Well, the moment you go through this free course, everything is going to make sense and you will become a profitable trader. Now, long story short, I got into crypto about 5 years ago and I started seriously trading about 3 and a half years ago. And just like you, I struggled a lot in the beginning. I tried trading courses, I tried watching trading videos, indicators, smart money concepts, whatever you name it, I've tried it, and I still wasn't finding any success until I realized that all of the good trading guides are all locked behind a paywall. And so Trading Accelerator was made for the me of 3 and a half years ago where I just wanted to look for a quality trading guide that'll help me skip all the mistakes that beginners make, help me save the $100,000 that I lost before I became profitable, and hopefully this course is able to help out at least one of you. And just as a little sneak peek on what Trading Accelerator is going to cover, it is going to teach you my exact methodology when it comes to the markets. Now, if you've watched any of my videos in the last 2 years, you have realized that I'm able to call tops and bottoms in markets like pretty much perfectly, and I'm able to predict exactly what's going to happen in the markets, well, pretty consistently. One of the things that you'll be learning is exactly how to do that, and more importantly is how to actually make money through trading. Because it doesn't matter if you're right or wrong. All that matters is that you're making money as a trader. So in the course, you will be receiving my step-by-step blueprint, like my exact trading strategy broken down step by step that you can simply copy and paste and then apply into your own trading. And alongside that, you will of course be learning about liquidity concepts, what makes the markets move, market structure, my risk management optimization guide, order blocks, fair value gaps, and so, so much more. Now, just information is not quite enough for you to get success because let's face it, information is cheap. You can get information literally anywhere. Just pull up a YouTube video and there is information. What you guys really need is one, accountability, and 2, feedback. Let's talk about feedback first, because trying to learn a skill without feedback is like driving without a map. You'll just be going nowhere fast. Getting quality feedback from someone who's already been in your shoes and has already achieved what you want to achieve is going to help you realize your mistakes the moment you make it and then be able to fix them instead of spending months doing the same thing over and over again just to realize that you were doing the wrong thing the whole time. And then there is accountability. Let's face it, you guys have all the information that you could ever want. In fact, you have more than enough information. What you really need in order to achieve success is someone to hold you accountable and actually force you to take action. And that's what Trading Accelerator is going to be about. Now, again, it is launching on August 5th, which is this Saturday. You're going to want to sign up for the waitlist before August 3rd because that is when we are announcing the people who are able to join the first cohort of Trading Accelerator. For those of you who don't know, order to control the quality of the group, we are controlling the quantity. So the earlier you sign up to the waitlist, the better. And here's the thing, if you want to secure your spot in cohort number 1 of Trading Accelerator, we are actually doing a little referral event at the moment whereby if you are able to refer 5 of your friends into the waitlist, you will automatically guarantee your spot in Trading Accelerator. Don't even think about using your burner emails or creating new emails for this purpose. We have software that automatically detects If you're doing such a thing, just go ahead and invite your friends because it is going to change lives and it is going to change the way that you trade. Anyways, with that out of the way, let's finally get into the video. And the first thing that we are going to look at is Bitcoin. So last week I laid out a bullish scenario and then I laid out a bearish scenario. At the moment, the bearish scenario is playing out perfectly. I even gave you guys 2 levels, which is right here at $29,660 as well as $29,460, for areas where you potentially could get a short. Now, here's the thing that you need to understand. Right now, it is not looking good for the bulls because you have a range here, right? That is your range. Right now, you have just initiated, right? You have expanded beyond the range. Right now, you are in the mitigation phase. What is that? Essentially, this is the best way that I'm going to be able to break it down for you. Now, in every market movement, you will have a range, and then you'll have this thing called initiation where you break out of the range, and then you will come back to mitigate, right? Come back into the range to mitigate, and then the market makers and the smart money is going to get into the position over here. Before continuation. And continuation usually involves breaking like a previous high, something like that. That is your continuation. So this is how the markets move in every, every single case. Now just to show it to you, you have a sideways range here— initiate, mitigate, continuation. And then over here as well, you have a sideways range, you break out of it, that's your initiation, this is your mitigation, and then you have continuation. And then once more on a larger time frame, You sort of have a slight range range here. You initiate, you come back to mitigate. Now this time you didn't come back within the range. Instead, you found rejection at a fair value gap instead. That is your mitigation, and then you eventually have continuation. Now this is how the markets move. In fact, this happens across literally every single time frame. If I were to go into the 15-minute chart just to show you how this works, you will see this example over and over and over and over again. But I want you to notice what price does before it starts reversing towards the other way. But here, before price decides to make a move here. Initiate, mitigate, right? Look at that wick. Eventually it returns back into the original consolidation before continuation. Now this happens literally across all time frames, but then again, there are times when this could fail as well. Now before Bitcoin pumped all the way to 30K, I want you to look at this. You have a sideways, you know, range, and then you initiate, but then during the mitigation, you actually— that, that's the false move instead. And then, you know, you get another false move before— well, you get the idea. So sometimes this does fail, but Statistically speaking, this is how the market makers and the algorithms that they have like to deliver price action. And because of that, it is wise for us to listen when the market is trying to tell us something. A lot of people fail not because they do not understand the information, but rather they refuse to believe that the markets have changed in its direction or changed in its bias when it is clearly telling them that. So in this case, the market has clearly already switched direction, at least for the moment. Now in just a bit, I will explain what it's going to take in order to invalidate this bearish scenario. But for now, Bitcoin has, you know, again Sideways manipulation, sideways consolidation. Now you have initiated. Now during the next phase is going to be mitigation. Now mitigation is probably going to occur at 1 or 2 levels. So first one is, you know, potentially these 2 levels that I already marked out, this one and this one. So potentially mitigation could have already happened, but chances are if we look at this range here, the best mitigation areas are going to be within this 705. So ideally I want to look for price to return back to some— somewhere around this area for mitigation before continuing, before doing its continuation move. So something like that. But also, it could also just return back to this bearish order block over here, right there, and just get rejected before going down. So this could also be a scenario. If I'm honestly speaking, the ideal scenario doesn't tend to happen quite that often. Most of the time, it does just get rejected here before continuing downwards. So if price were to return back to $29,800, I'll be looking to sell my assets at around that price before the continuation move, because you have already gotten a clear change of character, and now you have gotten, you know, somewhat of a break of structure as well. But this is not yet confirmed, because on the higher time frame, you can also see that price has been actually forming higher highs and higher lows if you look at the external structure. Plus the fact that we have a higher time frame target, which is the BTC CME futures gap at around $35K. This could just be, you know, a retracement where you retrace all the way back to here or even here before continuing on to $35K. Now that is also a possibility, but for now the plan is to do this. And now I will get into the scenario where that would invalidate this bearish scenario, and that is going to be the fact that if you break above this high here, right at about $30,000, $30,100-ish— let me just go into the 4-hourly just to make this more clear for you— $30,100, yeah. That's the price. If you break above this previous high here, and then— and then here's the key here— and then you form a higher low, okay? Higher low is very important. If you form a higher low after taking out this high, that is going to be confirmation for you that price is going to continue on to $35K and that you should not short right now. I would say that the odds that price is bearish and that we have already flipped into a bearish scenario is about 65 to 35, and I wish I could give you a better answer than that, but Truthfully speaking, part of your job as a trader is not to predict, but rather react to what the market is telling you. Right now, I can hold a bias that I think that the market is more likely to go towards the downside, but if the market shows me that it wants to go up, I am not going to just ignore that signal. I will follow what the market wants me to do. That is my job as a trader. So the bullish scenario in this case would be price goes to break that high at $30,100, comes back into the original range before Continuation to $35K. So it's probably going to look something like that. So basically you have your sideways range, initiation, mitigation, continuation. And then let's talk about the bullish and bearish targets for this Bitcoin trade. Bullish targets is going to be at about $31,700, which is this previous high here. That is going to be your TP number 1 if you do want to TP. But TP number 2 is going to be at $35K. We have already established that over the last few months. Now on the bearish side of things, there is going to be 2 targets as well. The first one is going to be right here at about $27,200 to $27,300. 27K-ish, right? 27,200 to about 27. That is going to be your TP number 1 if you're looking for a higher low. Now the reason why we TP here is because there's, again, on the external structure side of things, we are still in bullish structure, meaning high, high, higher low, high, high, higher low, high, high, potentially higher low over here, right? We are anticipating something like this to happen, and so we can TP our short, you know, TP 1 here. But TP number 2 would actually be below this swing low right there. If after price comes into here, it just keeps like— maybe it forms a sideways range and then it does initiation, mitigation, and then continuation— well, then you exact— then you know exactly what trade to take and where to TP. And of course, by the time we get to that point, I will definitely be filming another video as well. But for now, that is the bearish side for Bitcoin. And now let's get into Ethereum. So Ethereum has just been doing a whole lot of nothing. From the last video, we laid out a bearish scenario and we laid out a bullish scenario. This pretty much remains the same because Ethereum has been doing absolutely nothing since that point. But basically right now we have a previous low here at $1,828. If this gets broken through— again, sideways range— that is going to be initiation, mitigation, continuation. And the continuation target for this case is going to be $1,650. If that's a bit confusing, but don't worry, I'm going to do a summary in just a bit. And then the bullish scenario would be breaking above these highs here At about, let's go into the four hourly just to show you this a little bit more clearer. The bullish side of things would involve breaking above 1900 or like 1905, breaking above that level, coming back into the original sideways range for mitigation before continuation. And the target for this is going to be obviously 2028 and also 2120. That is the scenario for Ethereum at the moment. So bearish target is going to be 1650 if you get a break below this. Bam bam bam! Something like that. Bullish target. Like that. It's as simple as that. And then target number 2 for the bearish side is going to be at $14.30, while target number 2 for the bullish side is going to be at $25.30. But honestly, you should just keep this in the back of your mind and shouldn't expect this to get hit immediately. And now we move on to the bonus altcoin analysis suggested to me by you guys on Twitter, and that coin is going to be Solana. Now it is quite a pity now that I look back at it because I had a trade on Solana going at you know, the original consolidation. All right, the original range where we got initiation but then mitigation that broke through and hit my stop loss before price, you know, took off. And this is actually a pretty common scenario where in buy programs, right, basically when you're in bullish structure, sell-side liquidity sweeps lead to higher highs. Basically below these relatively equal lows here, you have a lot of liquidity. The moment you take it out, this gives the market enough fuel to pump itself to new highs, and that's exactly what happened there. Well, at the end of the day, it doesn't really matter. You win some, you lose some, and you don't need to get too caught up on the trades that you do miss. What's important is that you keep executing on a day-by-day basis and remain calm. So let's look at Solana. Basically, short-term bull target has been completely blown through. It has been hit to perfection. I mean, I wouldn't necessarily say to perfection because it actually went 10% higher, But still, short-term bull target has been hit. So now we have to take a look at Solana and wonder what is next. So statistically speaking, I think that Solana is going to retrace back into the range. Here's how this works. Essentially, whenever your price is in range, where you can see that Solana pretty much is trading between these 2 levels at the moment, like most of the price action, when you are in a range, statistically speaking, you are 80% likely to remain in the range rather than break out of it. So What I am guessing is going to happen is that price is going to retrace deeper into the range before continuing on to the ultimate bull target that I've set for Solana. Then of course, if Bitcoin follows through on the bearish scenario that we've established, then Solana is going to take a big dump back towards the range low, which is right over here at, you know, thereabouts, $1,720 as well as $1,450. $1,450 will remain the ultimate liquidity point, but you can pretty much mark out $1,590 as well as $1,450. Those would be the ultimate targets for, you know, a bearish move. And then you have like a really long-term sell-side liquidity where if the United States were to go into a recession and where the Federal Reserve starts raising rates and cutting rates and everything goes to crap, then this is going to be the ultimate target for Solana and probably even lower. But that is again a very long-term SSL and you don't need to worry about that at the moment. So basically what I'm saying is that this is most likely a range deviation and you shouldn't expect a retracement before continuing on to either the bull target or it's going to just take out the range low. So the area that you're going to want to look for in order for this retracement to happen is if you draw a fib from low to high, what you want to look for is the 705. So basically, either way, you do want to expect a retracement of Solana back into the 1840 level, which pretty much coincides with the previous range low and potentially sell-side liquidity over here. So basically how it's going to look like is probably like that, take out the sell-side liquidity, and then potentially, right, again sideways range initiation, mitigation, and then potentially continuation to take out this high. That is the plan for Solana. But this also means that in the meantime, you can also look for bearish setups on Solana heading into that area. Now, there is also another potential scenario that you do want to keep in mind, which I'm just going to draw out this white line here at about $21.87. So Solana might not retrace that hard because at around this level, you have a pretty significant sell-side liquidity. Where if you remember what I said earlier about in buy programs where you're making bullish structure, sell-side liquidity sweeps leads to higher highs. And just like in a bearish scenario, I want to show you this. Just like in a bearish scenario, the moment you take out buy-side liquidity, which is above these highs here, that's buy-side liquidity, it will lead to markets forming new lows. So this is something that is likely to happen. So given this knowledge, you can absolutely just trade Solana like you already formed some kind of a resistance over here. You know, you have a bearish order block, price comes back into the order block, now it's sort of dumping. This is exactly a trade setup that you can take, and it all stems from your ability to identify what is happening on a higher time frame basis. So, but I'm getting ahead of myself here, but basically what I'm trying to say is that this is also a potential target for Solana towards the bearish side, and you could possibly expect a reversal of some kind at that point. Now, I'm not saying to just simply place a limit long here. I'm saying to wait for price to get to this area before like just waiting to see if price is doing a setup like this before jumping into the trade. And then of course the bullish target for Solana this time around, TP1 is going to be right here at about $27.50, and then the second target is going to be right here at $36.70. And then for the bearish target, I've already identified that, which is right here at around $21.65. That is going to be target number 1 where you can look for a potential reversal. Target number 2 is around $19. Where you know something like this or something like this. But ultimately, if you are bearish all the way, then target number one is going to be here at sixteen dollars. Target number two is at fourteen fifty if you are bearish, because that is how ranges work, and deviation tends to either lead to a retracement before continuation, or you take out the range high, you take out the range low, you take out the range low, you take out the range high. That is generally how it works. Now, if you've learned something from this video, I want you to drop a like on this video and. Do subscribe if you want more market updates like this, and most importantly, make sure you sign up to the waitlist for Trading Accelerator because the spots for cohort number 1 are going to be limited. Until then, I will see you in the next market update, and cheers.