What's up everybody? Welcome, welcome, welcome, to
Crypto Banter. Welcome to the best YouTube channel out there. Why? First of guys we give ta updates
every single day. I'm Sheldon the snapper as we can see guys we are in big big big bloody streets
right now. I see the outside completely getting destroyed right now. What is next guys the last
you know, we knew we're at the point now the bulls need to fight back and you can see clearly what
the title is saying that this is the last chance now that we need these bulls to fight back and
to hold these positions that we are in right now. Otherwise the streets can get a lot more bloodier.
And we can get to much lower lower lower sort of targets.
So before I get in there guys, welcome
welcome, welcome to crypto banter. I'm Sheldon the Snipper. First thing I want you guys to do
is to hit that like hit that subscribe button. Follow us on Twitter follow myself on Twitter
follow myself @Sheldon_Sniper follow @cryptomanran on Twitter. What that does for you guys is it will
give you opportunity to get into the banter bags, which are allocations we have set for you
we have slowed down with building these bags until the markets in a little bit better
of a position than what it is right now. What as well, what is next guys, we also have the
sniper school what is the sniper school we had a big announcement yesterday guys to say that, you
know it's taking a bit of time to out roll and get the sniper school going.
And when we are in
these bloody streets and where we sitting right now in a tough time of the market is the time
where we should be studying. It may seem like it's never ending, it may seem like everything
is just nothing is working to plan. You know, we've got the whole China ban thing going we
got a lot of fun happening in the market. And we are just getting such big acceleration to
the downward side. And it's quite scary that the sellers are so strong right now and the bulls
are not buying. We've had so much big fundamental news in the last month bullish news. And yet the
sellers are just the ones that are controlling the market right now.
And it's at seems like it's such
a struggle for the market to be going upwards. And then so quick for it to be going downward. So
it's really a tough sort of stage. And what we got to understand is, this is where the diamond hands
come in. This is where being patient comes in. And this is where studying comes in guys. This
is the time where we can sit and we can study. Where I can bring the school to you guys
with me in Ran can really focus on the education when the markets are not doing well.
Because remember why we do this guys.
And that's something really important to understand.
When I also started off my trading career. I also took a big loss in the beginning, I was at
a time whether the markets literally it was a week before the march drop last year. And my can't
lottery I lost 80 90% of it in the first two three weeks of trading. And in that time, what
I learned was six months I didn't make money, I actually made no money actually made money. And
then I gave it back to the market and I made money and I go back to the markets and I kept repeating
this sort of cycle until I sort of realized that what we are actually doing this for is we are
working along sort of period of time for that one run for that one run with those three months where
everything goes absolutely berserk.
And that was what happened. Now previously, in the last two,
three months, we had this massive acceleration, because we hovered in these areas, you could see
the year we had last year, we had these big drops that came out of nowhere. And you can see how big
that one over there was just on its own. And you can see how many times we have gone into these
sort of cycles. And you know, over time, when the market starts to set on, and we finally get a
little bit of stable, what I call a stability in the market. Now that starts to settle in what what
may seem like a street that's never going to end right now.
Just need to understand that there will
be ending at some point. That's whenever the bulls are happy whenever they are happy with the price
of Bitcoin is is when we're going to start getting a bit of shift again and start catching a bit
momentum. And we've been through this guys this market has been through this many, many, many
times. And what I can say is this one it may not be the same amounts of dollar but this was a
way worse drop than what the one we've experienced recently now and the pullback in the market.
you can see how over time how the market starts to to make its way back to where it needs to be.
So this is going to happen in your trading career that is going to happen at certain times and we
need to understand that what times should we be trading at these times? It's tough, you know,
not in and out of the market but end up giving a lot of little bits away in the market
and this is where we need to sit back and also realize fundamentally what we are
investing in you know, understanding.
Michael Saylor guys, go do some research on
that what I can say today before I start on everything and going through the full update is
to go and do the research on the Saylor series go do all these things got understand why we are
actually in this and during this time night is when we're going to study because it's not
always going to be perfect.
And that's one thing we need to understand as traders. But
there is a time where all of this hard work, we started off right over here. And I went through
all of that all of those hard work of learning and literally took this whole stage of six months for
me to learn, ended up in this result for me.
Do you see that? Do you see how this
stage of studying ended up in that result? So what we do need to understand we're
trading and where we are in the market. Oh, there we go. There we can see it over. Yeah. So
because all of that hard work over there is what gave us that results. And end of the day, what
I started to realize that takes months and takes time to study and learn and to understand all the
skills that are needed in this game. And where we need to be for that one, three months for that one
point where you add that you had such a good entry at such a key level where, yes, I took hundreds of
In those first six months, I took hundreds of losses that took so many losses. Mentally,
I was destroyed. I was literally killing myself mentally. And then obviously, six months after
that, we started the bull cycle, and everything just turned for me, it just showed me that six
months of my hard work and sticking out there and making sure that not only that I get through the
bear cycle. But when the bear cycle started to end, and we started going to the bull cycle, I was
a 20 times better trader, even though the dollars didn't show just yet. It's the knowledge of where
we're getting into this. So it's not always going to be easy. And it's not always going to be fun
and games. But remember, why are we doing this, remember who you… everyone will study for three
years to become a doctor five years or 10 years, but six months of studying to be a trader and
then searching the results. Because this is what we need to understand when we are getting to
this market that is not always going to be pretty. And this is when the market is going to want
to shake you out.
They don't want retail buying right now they want the price lower the
bulls wants to be getting at that darn price, the institution's the big guys that don't want you
buying. And how they're going to do that? Every time it goes up, you're going to buy and they're
going to send it straight back down. And then when you buy again, you're going to go up and they're
going to standard send it straight back down. And you can see that even as traders and even as
ourselves that we bleed many times in our careers, me myself, I'm bleeding with alts,
I'm bleeding with all these coins. But this is the stage where we need to understand
that getting through this. And learning through the stages, the market is not the same market
that it was last year either. So me as a trader, I'm continuously learning and upgrading my
strategy, my structure, my rules, my set, I did not take enough profits at all.
And a lot
of people did not take it all profits. And that's another rule book, I went off my rule book.
And my rule book tells me that very clearly. So these are the times where it stings the most,
and it hurts in the markets and it sucks. But this is what actually might change in my game. And
I know in six months time or three months time, I'm back in action again. And I will then realize
why I went through all of this hard work and all of this heartache and this dedication and all
these things. So that's a big message I wanted to send to you guys today. And just to understand
that this is going to be a roller coaster, it is going to be tough, but the reward is going
to come. Remember the 2017 guys, the price went absolutely zero. And everyone suffered through
those times until that one Bull Run hit where everything shows went absolutely crazy.
handed extra conscious 200x extra cards, it only happened it's only happened two three times
in his since since we started this, it hasn't happened too many times. We don't know when it's
going to happen to say that Bitcoin can go to 20k we will go through that definitely. But you said
a Bitcoin can also go to 100k. Definitely, to go to 200k definitely when we don't know, all that
we can do is track and get ready for it. Because if you give up, it's going to happen. And when
it happens, you're going to FOMO in at the top and you're going to repeat the exact same cycle
we've just repeated now to understand that this is a timeframe that we need to not be fighting
this market and thus the reward will come and this market does pay patience. I believe that very
very much destroys the impatient. It takes that from but it does pay you for patience. And that's
a big big big game guys.
So welcome, welcome, welcome guys. Hit that Like hit that subscribe
button. Let's see if I did miss what I am going to do today guys, here's another snipers wisdom.
I will be focusing so much on education now. Because this is the time, the time to sit back
diamond hands and to let the market just be what needs to be is the time now we're going to focus
on education. So we'll be bringing that back up and going through that short on after the same.
Okay, awesome, guys.
So the first thing I think let's go through and let's see now what is
happening now that's all says clearly that the bulls need to fight here. And what we mean by that
is we had this big drop off. There was that big wick took us all the way down to the $30,000 mark.
What was the exact process over there? Basically 30,000 maybe just under in that's all we had that
We've never gone that low since that wick is since we've we've made that low. Okay, since
we started this whole dump off now three times we have made our way down to the 31 to 32 and a
33. And if you see on the chart guys, we have hit the exact same Mark three times. Okay, now
this is called the triple bottom. Okay, now is this this is where the different theories come
out and different understandings of of what this actually is and the sort of level that is this.
The Perfect, perfect, perfect play out inverse head and shoulders? The only way that that can
be is if we have that strong bounce in the zone, because we need to hold these levels. And remember
something that when we do accelerate in one side, if we don't hold levels, and we are still in the
market, okay, and we come and we accelerate down, we don't hold levels.
We're going to have at
some point a retracement for that and then a continuation down. Now if we don't hold on, we are
still in the market. If we make the lower lows, now we need to know that on the next pullback, the
next retracement, we have to be freeing up cash, we have to be freeing it back up because now
the lastly the possibilities of where people can go next. And I'm going to go through
that now. So let me go through the first the bullish scenario first, okay, and the bullish
scenario first is we need to hold this level now. And if we do have a smaller wick down below the
zone, we need to hold that 29,800 to the $30,000 mark.
That is where we need to hold. What that
prefers to do is create bullish diversion for us on the daily RSI, which is a good son. Now,
that is the very critical critical critical level that Bitcoin does need to hold. Now if we don't,
and we now make the push down and we go below, on this pullback, remember that when we going
in any momentum impulse to the downward side, we have retracements that come back up and we
continue the way down. It's called an impulse wave, we have a correction and then we continue
in whatever momentum whatever direction we are moving in, which means that if we don't hold these
levels, the next pullback that takes us up to the 618 level. Anywhere in the zone is
where we need to now be freeing back. Now we got into a thing where we were entering
in this stage of the markets. And you remember that when we Anton supports at his resistances.
Now, yes, we accelerating down and it seems like we're not stopping to go down. But at some point
that just means the bottom is not in, it means that the guys that are buying at these levels have
not bought up everything that wants to just yet. But when we do get that bottom we are going to
have the correction.
And on that correction. All depending on where this low is we'll know that do
we now on if we bounce over here, we make our way up we get to these zones and we start building
up we know the stop loss now needs to be very very tightened up and we need to be protecting as
we progress that stop loss is literally setting Tata Tata Tata Tata.
And so we have a full
reversal where we get the higher high again, and maybe that this full inverse head and shoulders
plays out where we got the left shoulder, the head and the right shoulder and then the breakouts.
It's a definite possibility. Remember as a trader that the market just is we call control Fud we
can't control any of these things in the market, we can trade the candles that are here. That's the
difference between TA and fundamentals. Now the fundamentals can tell you that the market is very
shaky at some points and they're not doing well in some points. But I can't tell you the levels that
we can drop to and the certain places that we can be going to.
So, this is where the two together
are very, very powerful. And the difference with TA is we have no emotion in the market. We do
not we literally print as the candle prints we make the next decision. That's why we always need
candle prints so that we can see okay, these are levels now we can make the next decision. We can't
just choose that that does exactly how it's going to go. Our scenarios are going to change every
few days. And that's because we need the candle prints as as we progress. So Bitcoin has to hold
these levels now for the bulls. The Bulls have to fight here, this is the time where the bulls
need to fight now and we got to get some serious volume in we have a look at the volume.
not even that much volume and this is where the the sort of idea comes where volume is not really
trending that up. We had a biggish volume candle yesterday red candle but it's not massively big
to what we've had previously. Now what this means is if volume is not hovering in the zone, I think
a big move is coming. That is the big move going to be the bullish bands from the zone or is the
big move going to be…? Because we have hit this level now three times.
Three times we have hit
this double bottom zone which means that there's a lot of limit orders sitting there is a lot of
there's a wall that is holding that level. The problem is when you smack on a wall to too many
times eventually it breaks. And when it breaks is when acceleration comes in with true volume
comes in with true fear comes into the market. So now we have had three wicks now the last 24
hours at the zone and he's fighting this level guys.
This is what we need now to progress to say
that That's 30,000 can still be the low Bitcoin for now, it can still be. That if we don't hold
this, and we break through that 30, it means 28 29k. From that back to 34 in that zone, then
back down to the 20 zone. So what it means is to, after a big impulse … to be selling down at
these levels over here, now I need to sell on a correction. This is why my strategy is used in
that way that when we break support, at any point, I need to sell on the retest. Same way that
when we are trailing downwards in the markets, and we have a trend, and we break out by the break
up by the retest, that's the exact same thing that happens in this scenario over here. That where
do we break out of these trends to the downside, I'm selling the retest, I can't be selling the
full impulse down, because there is going to be at some point a correction to that move.
now, yes, it's looking scary. And we've got bloody streets right now. But that lower low is still not
interest yet, we have literally Triple Bottom at that zone. So this is a critical stage for us.
Now, guys, if we don't hold these levels, this is the certain areas that I'm looking at. Now, if
we don't and we make this this little pullback, we are going to get bullish divergence, which means
the retrace is in that's where we were going to look at pushing. So meaning that if we go down now
to 28 29, now we don't hold this level, from that bullish divergence, we have a kick back up because
all our high time RSIs are getting to the bottom. So there is going to be a try pullback, the only
thing is that showing us lower lows now on the higher time frames, which means there can be a
lower low in the next few days or a week or two to come.
Okay, so when we have that next push up,
if we get the lower low, now we break that low, this is my full exit points. Because from that can
be easily another push down to the to the to the next levels. Now where can those next levels be?
Now if we look at all of the zones that we have support was demand was is this is a
very key level that Bitcoin can go. And we have this very key level over
here that Bitcoin can go as well.
Now, what are those two levels now as a
trader, we've been getting in with investments, we've been stocking up investments getting
into these zones, it needs to be worthy for me at any point to start my investment. Because
if I saw my investment, why am I buying it back. Because if I don't know where I'm buying it back,
then two months down the line, the price is above, and I never bought my investment back and it was
a whole waste of me even selling.
Remember the purpose of selling and getting this is investment
guys. That's the investment that you're still buying for 50% or 40% off right now, you're still
getting a good deal. It's just about Can I get a cheaper, and if you are going to be getting
asked, you need to be knowing exactly where we're getting in. So this is what we're looking
at Guys, if Bitcoin doesn't hold this level, and we go down to the 28 29k, we see a reaction
from that zone, from that zone back up to the 34 $35,000 region, that's where I'll be freeing
up cash, if we get the lower low, then we can definitely look at the next target to take us
between 23 25 $26,000 even all the way down to 17 to $20,000 those other zones that we can be
And that will obviously be a huge, huge, huge discounted value from where the where
our all time high was. Now if we do have a look, it is possible, we need the boost to fight this
level right now. Because if we look that can be a wave 1,2,3. There's our first wave to the downward
side, it definitely can be so we have to fight the zones now we have to be where we are. So the first
thing that we're looking at today with Bitcoin guys, is we need to see now does Bitcoin hold that
level today? Does that hold that level? And do we have some sort of fight back? Now if we do hold
that level today, and we start making our way up, because it is so important that we break through
these resistances over here. So let me mark it. There we go. It's so important for us to break
up, test and to slowly start grinding our way up. So we need at some point, if the bull start
fighting back and we get a decent bit of volume in and a decent bounce back in the market.
Bitcoin to get back to 36 38 maybe a pullback and eventually make its way back up to the 42. That's
what we needed to do a bullish scenario. Okay, and that's all dependent on this bounce and the
key area that we are now and then we can obviously shift our stop losses of move as
in because we know that this high is going to be a lot of work for the bulls to
fight back and it may take a little bit of time. So so we've got the two scenarios guys, we have
to hold this level if we don't hold this level, on the next retrace, boom, we're exiting and
we're going to stock up on the next pullback down. There's our first bearish scenario,
bullish scenario we bounce at the zone. But we need to get past if we get to this
resistance and we are not getting that same thing. We will be exiting between 30 36 and 38.
where a lot of us stocked up on last week and now we know we're going to go for those lows again.
The problem is if I see Let's go down there. again, if we do bonds here, and we bonds at this
level, if we come up and we can fight this again, because I'm pretty sure we're gonna break that
eventually, it's too many times, we are hitting this level too many times and there's limit orders
and they're holding it and they're holding it and they're holding it. But eventually that wall is
gonna break. And this will be our clear exit on is if we don't get as high as we think.
now, today's the critical level, the bulls have to fight back these zones. Now. That's Bitcoin
scenario, we're looking at Bitcoin. Okay. Now, now that we understand where Bitcoin is, if we
have a look, as dominance is going absolutely berserk. Dominance has been shooting so strongly
to the upward side, and it's been making our way to that green box that we've been talking about.
So we getting very close to that 48 to that 50%. Mark, quite quickly. Now, what does this mean
guys, it means Bitcoin's coming down, but coins pulling down in the market.
The alts bleeding.
The alts are getting destroyed right now, they're getting really, really hurt. Okay. And that's
because the dominance is going up, they're doing fears in the market guys, we looked at the fear
and greed index this morning was sitting at 10, which is huge. So that's showing that theory
is really in. And you remember that the simple understanding of a trade is you need to be buying
the fear and selling selling the greed right. Now, now that we know that Bitcoin is getting at really
key levels, and dominance is really really pushing up. It means that when Bitcoin bottoms… Now it
is 31, that can be the bottom a definitely can move regardless not. What will tell us not if we
But if we bounce here, at any point, even if it goes to 28, and we bounce, we are
going to have the rejection from the dominance.
So wrong thing, which means that the alts
are going to be the ones that are the ones bleeding right now they're the ones hurting
a lot more than what Bitcoin is right now. Which means they are going to be the ones that
are going to pop that out of the gates way, way, way quicker than what Bitcoin is going to be.
Which makes sense. And when I see that is when we get to that show me soon guys, show me soon that
this dominance is getting to the key level where we're going to start rejection, which means that
Bitcoin, we are going to have a little bit more acceleration down today, I think it's going to
happen soon, guys, in the next day or two, we're going to see if Bitcoin is going to hold this
And if it doesn't, it's going to accelerate to 28 to 28 29 very quickly. But at some point,
we're gonna get that that bounce. And when we get that bounce, we're gonna have the term in the
dominance. And then we're gonna have the alts, they're going to shoot out the gates because look
at it, guys. Ethereum still sitting under $1,900, we've got Link sitting at under $17 we have
a lot of these coins on huge, huge, you know, Link was 51 53, I think was $53 guys link was
sitting at two months ago.
It's not 16 $17 because they've taken punishment, which means
they are going to be the ones that bounce out the gates a lot quicker. And that was very similar
to what happened to Bitcoin. When we had the March dropped, the outs got absolutely murdered in
a time where we had the March drop. Let's go back to a quick There we go. The big March drop is when
the alts got absolutely destroyed in the market. When Bitcoin dropped, but the outs were the
ones that came out the great guys Ethereum dropped to $80 in that time, six months later,
or eight months later, Ethereum's sitting at $2,000. Not even a year later Ethereum sitting at
$4,000 from 80 dollars. Do you see where we add a part of the cycle guys and it's gonna scare you,
it's gonna want to kick you out of the markets. And this is where educate god this is where we
teach, we got to have a little bit of dominance, we've got to fight through this together, we
got to bleed, I'm bleeding you know, where my portfolio was two months ago to where it is now.
But this is where I'm improving myself because I'm improving remember I'm doing this for
one or two trades in my life where I can kill it and just turn everything into Bitcoin and Ethereum
and sit back and I need to trade again. And that's what I'm fighting for. This is what we are doing
It's a lot of hard work for that that little two three months where everything just goes
absolutely insane because we cannot say anything doesn't matter where you came in the market. We
cannot say that that run that Bitcoin did in the last few months was not insane because that's
insane. And you know what if you look bigger picture and we go look at the let's have a look
there bigger picture. Let's get rid of that. There we go. look bigger picture guys. Now this can be
thought of something that's absolutely insane. It can be the start of something that's absolutely
crazy was Bitcoin to the weekly. You know, it may look scary zoomed in now but that's the weekly
guys. We have grown from all the way up there. And that's the pullback. That is what the wave
looks like right now.
Let me take that. That's what it looks like. If I draw it out and I put it
so understand that yes, we are going to have the hard times these were the difficult times. These
were the hard times in the market. But remember, why are we doing this? Remember Why that we
are studying for this move we are studying for that one trade or that one three months so that
one six months that changes everything for you and that takes you from a trading into an investor
and you are sitting with your entries at really really good levels.
So So where are we looking
Bitcoin guys we've got the scenario everything is going to follow suit dominance is in Bitcoin's
favor everything is sitting in that zone, while sitting dominance is Bitcoin's favor means
now everything's gonna follow Bitcoin. Bitcoin still bouncing there right now, it hasn't dropped
that level just yet. Bitcoin has to fight now. Bitcoin has to make that push up and push
your way to the upward side. It's very, very, very important. And if I have a look at the
longs and looking at the longs, some of them got liquidated. I saw there was huge liquidations
yesterday. Remember, someone's got to make money. So everyone's been thinking Bitcoin's gonna
go up what do they do the same but going down, they liquidate all the longs. Now the longs are
liquidated now they they start sending the price up again. And we can see how this long sell just
increasing the increasing increasing, which means we add a crucial stage guys, we add a make or
break stage in the market, we are at that level, because we thought last week that when the whole
herd is running one way, it goes to the next at went the same damn way where everyone
was going short and the price damn dropped. Now is it the same gonna happen with the longs,
or they're gonna make the money, whether they're going to do the complete opposite and rather drop
Bitcoin to 29k.
Now, liquidate all the longs, and then make its way up for the correction. Remember,
it's all a mindset game, and we're looking at now one good thing that we do know that we're
getting to a certain key level in the market
is, yes, it's been quite a blow. But we're
getting to a point that the bottom is going to come at some point. And we're gonna have a strong
reaction. And if we have a look at the total two, which is the the market cap for the alts, without
Bitcoin, we are getting very strong bullish divergence on the daily chart, where the RSI is
showing us lower lows, and the chart is showing us higher highs.
So the alts are the ones bleeding
now, but the alts are the ones that are gonna jump out this gate very, very quickly once the bottom
has hit in. And they are going to be the ones that really really explode and shoots up outside.
And who knows, that could be the possibility where the dominance goes back down to 35 to 30%
region. Who knows. It was even though we've had this book a big correction, the dominance has
creeped up, but it hasn't creeped up that much. We still not even above that 50% Remember, a few
months ago, the dominance was sitting at 70%. So it's showing us the alts are still a big part
of this market, even though that they are getting destroyed, the bigger ones and the correct ones.
This is why the fundamentals is so powerful with getting into these all making sure that you're
selecting the right alts.
Because remember, something as Ran reminded me yesterday, all of
it is 90% of all the alts even 95% of the alts are not going to be in the next three years. Which
is scary as it's really, really scary. So we have to choose the right ones that the world is going
to run off and it makes sense on so everything is the same sort of place. There's no new trades,
there's no buying in the market. Now if you are you know you've got to put such tight stop loss
and the previous lows and that but right now it's not that point right now it's the chart update
and the studying in the zones are where we are. And we need to be a little bit patient and I'm
not selling on the impulse drop, I'll sell on the correction. I'll sell on the pullback. If
Bitcoin doesn't hold the levels it needs to sell on the pullback. And then I know we can go down to
level I can't sell on the impulse where everything is going down. Because all RSI will show me we
are getting to the bottom there is going to be some sort of bullishness.
So if I'm selling now,
who's buying someone's buying your coins from you. And that's where we got to understand the
importance of selling on a strong wave done, or knowing when to sell on a correction. That's why
the power of breaking a support and selling with resistance is really really hard. So there's do
one there is one thing I want to show you guys, I got Rudo here for you. He does have some key
information for us on some volume and I'd love him to share that with us. Rudo, buddy, how are
you? Good and you, buddy? What's up, everybody? Thanks for having me. Awesome, buddy.
When your shots shot to just show me what you showed us this morning. It's very
interesting to see what you got there. Yes.
So, you know, I was scouring through the
market this morning. And it's like you say, we trying to find you know where the bottom is
going to be. And we try to preventatively find it, which means we buy each and every opportunity
that the market gives us with a hope that this is the low and then you know, one one of them is
gonna stick and then the you can start you know, building your position on it.
And what I picked
up when I looked at the Bitcoin on the US dollar on the Bitfinix exchange, this is the spot
trade the normal the normal spot volume. And what I found was when you look at the
volume at around this level over here, and I'm just going to quickly just highlight this
area and I want to highlight this for you guys. You can see that within the moving average, that
is that little shadow that's printing out there. The volume is fairly low.
And if I then move this
over and I looked at the same exchange. And I was looking at the volume, you would almost, you know,
imagine that you're looking at a different coin. And this is the futures exchange as well,
the leverage is counters tracking. So, you know, looking at this and conveying to the
message that you're trying to put out is the fact that, you know, there's multiple scenarios
regarding this volume, it points out to the following is that somebody has to be taking profit
on the shorts. And that can only happen when there's demand in the market. Now, that is proven
here by the volume, the shorts, if you can bring up your short chart, or you just remind everybody
on it, you know, that took a considerable dump. So the shorts are out of the market, or they taking
profit out of the market.
And what is happening is they are selling in order for them to sell
something, there needs to be somebody buying. And now they are selling it to the long positions. Now
with a divergence that you're pointing to Sheldon. And the theory that I'm having is, is if those
longs get liquidated, that is the loss that we would need in order to maybe have that big long
correction to the upside. So that's my theory, maybe you can comment on it.
I'm not 100%. But it makes sense. You know what I mean, and it's quite crazy to see that
the leverage that a lot of the spot holders right now are shattered, I don't know what to do that
another the either sold out and they sitting in cash, or they take, they don't like this sort of
shocked, but the leverage guys are going berserk. The leverage ones are the ones that are going
and the gamblers guys are gamblers are the ones that are literally going crazy with the market,
we could see that clearly with the volume.
Now, yet one stage when we started, we said now
we are farmers.
And this just brings us back to that farming analogy and the fun that we had
around it. And that is why leverage is there. And why why they probably be using it is if I was
a farmer and I was trading leverage aggressively look at the amount of opportunities that the
market gave in this farming stage. You know, when the market is really driving between
these two levels, and sorting itself out.
Yeah, brilliant. Oh, thanks. But I'm gonna get on
to the education. Thank you very much, everybody, you're gonna hear this week, and
we'll bring you on as much as possible. We're all working as
a team guys. Thanks, buddy.
Cool, let's bring that back up. Okay, guys,
so now we got a good understanding.
Bitcoin is looking alright, let me get my my thing
back on there. There we go. So Bitcoin now, we've had a small bounce there. Bitcoin's gotta
go guys. Bitcoin's got to go, it's got to go. It's got to go. It's got to go that we literally
got to get this point now where Bitcoin's
got to start accelerating up. And remember
from this 34 36 38, we'll see the levels we are going to creep up on stop losses. Remember the
importance of support breaks. And why are we doing this, it may seem scary now. But there's always a
plan B. And this is how we run in the market.
We bleeding now, but there is a plan B. And we'll
know the key levels and when we dropped and the next sort of advice that we need to take. So
guys, that's it for the charts for now. Now it's time for us to get into a little bit of wisdom get
into a little bit of knowledge, we are going to be bringing the school to you guys every single day.
Last week, we were going through our spot wallets, our long term wallets, our little system, and
I still have the long term to bring to you guys and I have the car cash portfolio, what I'm doing
is I'm setting up rules for you guys, I'm setting up goals, I'm setting up pie charts, coins,
percentages, all these things to help you guys sort of categorize. But before we get onto that,
I'm going to be bringing you the long term in the cash folder later on this week. The first thing
that we need to understand is a big part of trading.
And it may not seem like a big thing, but
this is notes that I'm going to be giving you guys putting them on my Twitter, it's very important
to follow so you can take them, guys, that's a mental game now. And we can keep sitting here
and structuring our portfolios and structuring and charting and all these games. But right now,
that's the mental strength of what we need to be looking at. When we get into this because it
is a mental game. It's a full mental game. And that's the most important part of trading is
the psychology of trading, and the simple rules. And I want you guys to take us on this except
that you cannot win every time. It's the truth, we always think that we can get everything. My
goal is not to be winning 10 out of 10 My goal is to even if I want five to six out of 10, my wins
are for 30 40% my losses are two, three percent, take responsibility for your own losses. It's very
important guys, I also listened to many guys that are telling me these things and he's in and outs.
But no, when you are putting in your stop loss know when you are putting in your rules.
what is taught about every day. Every time I've told you guys we buy, we buy break a trend,
put your stop loss under your previous low. It's all of these things that ended the day, I
can't sit them and if I don't say it on one show, this needs to be in your rulebook this needs
to be in your set in your set amount. When I take a trade this is my rules. It's very very
simple guys. So even if it's not working for you, it's very important to understand that you
need to take responsibility for losses and wins at all points. It was you that I got that profit,
it was you that took that loss, you need to understand why you did that. You must accept the
risk upfront. Remember, plan your risk before your plan reward very, very important.
You can never
predict the markets. Guys remember that we are TA. I trade candles or trade chart patterns.
I don't know if Elon is gonna tweet tomorrow. I don't know if China's gonna ban this tomorrow.
I don't know if Donald Trump is going to resign, but I don't know that. All I can do is trade the
charts every single day. And if it goes wrong, this is what I do. And if it goes, right, this is
what I do. So remember that. Accept that and and and you can never predict the market. Big one guys
have a strategy. The reason why a lot of people are scared right now and are terrified is because
you have no damn strategy, that there's no plan B, there's only a plan A and that's a huge, huge
part that we need to understand. So that's a huge, huge, huge one. Whatever goes on time wise here.
Remember the market just is the market has no emotions, guys, we think it's we bring emotions,
but there's no emotions.
So it's not out to get you. I know it feels like it is and it really,
really does. And this is why you end up fighting it back and you end up trying to attack it back
into the market. And because it's a emotionless market, you're the only one bringing emotions
in into it and beat you every damn time. Because you're trying to find too much you're trying to
get back at the markets, where you should just be sitting back and saying, okay, the market
needs a little bit of time, I'm going to give it a little bit of time when when I get the next
indication I'll be getting back into the markets. It's very, very simple way of looking at.
try to get back to the market, the market just is never think you understand the market. Because you
may get onto a roll and a rhythm. And you may be moving to say I'm getting good, I'm getting great,
I'm getting great. And then you'll go through two weeks of bad times. That's what it is, guys, this
is what the market is going to do. We never we can have good runs, and we're going to have bad runs
two months ago or landing every single damn trade while making money on all trades. Now we battling
to make money on and on and on any trade right now. And happens this is what happens in
a mock. So we need to understand that. And never think you understand just trade
the market as it is and have a strategy. Cool. Do not get emotionally attached to anything
very, very important guys, very important.
I got emotionally attached to so many small coins
to Dogecoin to all of these coins. This is where it eats you is where destroys you eat and
understand 95% of the coins are not going to be there anymore. Very important. So do research,
the ones that you do have a bit of emotion for should be Bitcoin Ethereum and the ones that are
actually going to make big change in the world. Other than that emotionless market guys keep the
emotions out of it. Beware of greed and fear. I'm sure you're all learning that right now.
When the markets going up, you're too greedy, you're not taking enough profits, I'm very upset
myself, I didn't take enough profits along with the last run. And same with the fear so many times
that I got too bullish. And I've kind of tried to buy every single low and try to get in at all
these stages. Where I should have been fearful, you know, I mean, I should have listened to the
And then the problem is you start getting over fear and you don't get back into the market,
you need to be you need to play the game to win, you need to understand that. So if you get
your your your butt gets kicked. And that doesn't work. If you don't get back in and you
don't keep trying and you don't get back thing, you're not gonna win. And that's a
big rule that we must understand. Let's get into the last ones over here. Do not
trade if you're not good state of mind, guys. Big, big, big, big, big one. This is why I have a rule.
If I lose three trades in a row, I have two bad trading days, I take five days off. It's very,
very simple. Guys, if you're going to be in a bad state of mind, I'm telling you, this market is
going to destroy you in every single way. And it's going to make your mindset worse, and worse.
And worse, you're gonna start treating people around you crap and it just a becomes an absolute
mess in the market.
So you need to understand, do not trade when you're in a good state of mind.
Sometimes the best trade is no trade. And that's where we're sitting right now. We either in the
market or we're in cash right now. But let's wait for the clear indication. We dropped support.
Okay, cool. We'll start on the on the retest, we bounce here, okay, we need to break this
up. We don't Okay, cool. We get into cash, then the best trade right days no trade
is to wait for the next direction in the market. And then we can make a decision.
So that's a very, very important one.
Don't gloat over your wins and don't get
down over your losses. Remember, your wins are awesome. And when you take your ones that's
great, and your losses or your or your lessons, remember every single time the market beats
you or you get beaten in those markets as a lesson you just paid for that lesson, a job.
It's your choice.
If you're going to repeat that lesson in the future you've paid for it.
You've just given $500 that you've lost now, you've paid for the lesson of not putting a stop
loss. Okay, great, you're gonna do it again. It's a very important way and same with
gloating. Don't think you are King. When you do get these wins. And then put yourself
on these sort of pedestals and these sort of things. Because in two weeks time you're going
to have a bad run and every trader has a bad run. It's a bad is your one's bigger than your
losses really, really big.
When you lose walk away when you win big walk away. Big,
big big rule. We've taken a loss step back, turn into cash step. Back call, let me let me
get a better understanding me relax a bit cool. When we start getting clear direction get back
in the market, when you make a ton of money, take your damn money putting into the profits
by profits, I don't mean just USDT. Put it in Bitcoin, whatever you want to put it in, in
your long term, you put it in, but walk away, I've made all this money three days off, not made
all this money make more, I'm a king, I can do this.
And that's where it's gonna eat you in it's
gonna take remember the market is designed to give you the money and then take it away from you. And
every day it gives it to you in little portions, different portions, it's up to you and how much
you want to take. It's like walking past the ATM, and it comes out with $100, then it
goes back in and comes out with $200. And then it comes out with nothing, you had the
opportunity to take money to us, you never took it and I ended up you actually end up giving money to
the damn ATM. So it's very, very important guys, I wanted to just focus on a little bit of psychology
today. I will be putting this up for you guys, please put it in your rule books, please
understand that this is a psychological game, it is going to try and mentally destroy you.
this is where the structure with our emotions needs to always be in place. So these won't
be on my Twitter for you guys. Every day. I'm bringing so we had the spot wallets on Friday, I'm
focusing now on the long term, guys, you're gonna be blown away. In one month's time, you're going
to have a whole damn educational folder. Because look how many slides we're bringing you guys
every day. Look how many are coming adventure, you're gonna have the whole damn syllabus on
every single section, you're going to have it. And guess what it had to be a bear cycle for
you to actually do it.
Because in a bull cycle, no one would be listening because everyone's the
king, everyone's making money. Now for the first time we're sitting, and in a month's time, you're
going to be so educated. And when that time comes when we have this again in the market. When
we have this huge rally in the market again, you're going to be educated.
And we're going to
write this and we're going to build this together and we are going to be chilling on our yachts and
chilling on our on our islands together. It's not a get rich, quick scheme. That's not that guys,
this is dedication. This is getting in as the only time you're taking the reward will come for your
hard work. I promise you that this market pays the patients if your patients and you work with the
market at will pay you if you're impatient and you think it's just you're going to use it for scraps
just to make money that's going to treat you the exact same way you're going to win some and you're
going to lose a ton of them as well.
So guys, I hope you've had a good lesson today. I hope
you've enjoyed it. I know it's been a tough time we are bleeding, but we are fighting we have Plan
A we have Plan B. I'll be here tomorrow and I will see the next sections. I will be doing a wallet
this week and the bull trading strategy for us as well full trading rules, all these things so if
you haven't guys hit that Like hit that subscribe button just get this off here so you can see me
There we go. Okay guys, so for me to you have a great day trade safe. Let's get the
disclaimer up there. Remember no financial advice, and have a great day everybody. I will see you all
tomorrow at the for the 10am EST show is on with Ran I'm not sure if I will be on with him but
he will definitely be. Other than that, guys. I will see ye'all tomorrow. Have a brilliant day.
keep studying, keep learning keep improving..