Okay, let's talk about how to properly close a canvass. This is one of the most controversial topics I think I've ever seen. And definitely, I don't know how many times somebody said something and I've just kind of had to been there and just kind of smile and nod. Well, I know what's wrong.
Not you guys, but just people in general. And they just say, oh, this is, it's closing this. And this is definitely one of the most controversial topics there is. Let's go and just go to oaks just because we love oaks so much i don't know i'm just sure oaks so to properly close a um to to to properly assess how to close something or how to um see a move that's about to happen um there's something very very simple that nobody pays attention to and this is going to be very funny because you guys are going to be like okay um when you close a a candle when you when you you know the question is oh it went over and oh it's it's closed this this is the most common one oh it whipped over and then and then the next most common is oh the candle is closing over um this is partially true but there's something wrong with this uh and and and you you have two sides on this candle you have the top side and you have the bottom side nobody pays attention to this side And I am simply going to do this for you and show you guys that when the bottom side of a candle closes, it's the bottom side of a candle. When the bottom side of a candle closes over a level or over a trend, that is where you confirm the move.
It is going to be accurate more often than people realize the bottom side of a candle. Look at here. For example, you have an inverse level here. Notice what the bottom side of the candle does. It doesn't close over.
any time frames you look at, any levels you look at, you will not confirm a move until the bottom side of something closes. This is the perfect example right here. This will not move up because the bottom side simply isn't closing. Now, the first question people would be like is, or the first question I would ask, I don't know about everybody else, but the first question I would ask is like, why is the bottom side of the candle so important? Bottom side of the candle, the bottom side of the body, not the wick, the body, the bottom side of the body.
is confirming things like whole levels. The bottom side is confirming that smaller timeframes underneath it are successfully closing and that larger timeframes are now moving towards closing as well. So right here, we're looking at the hourly timeframe, right? We have 2100 right there.
Let's go to a 15 minute timeframe on this. 1500 you you would say like okay so so why why did it have this big crazy move right here well um i guess it wasn't 1500 it was 2100 well because these bottom this bottom close is right here is confirming all the smaller closes right here which is working towards the larger confirm up here right which is then therefore working towards the larger confirm above it right so when we go here if we look at the hourly bottom side of the candle notice how this one isn't closed I'm going to show you guys something pretty cool today. Notice how this isn't closed, right?
It can't move up until it closes. So then this can move up and close properly to make the move go up to target the bigger four hour, right? And then the four hour, we look at four hours and you notice how the four hour is not closed until this candle right here.
So that's what's happening when you're closing the bottom side of a candle is when you close the bottom side, you are confirming. the breaks on smaller time frames and working towards the breaks on larger time frames. What's up?
The nice one is hot. Hot did this. You would go back in time and you would look at HoloTech as a coin.
And I've had this charted out for a while. You look at HoloTech as a coin and you'd have adapted this move the entirety of the way. Well, we don't have to go through the refactoring.
We just make this quick because we're trying to do this quick for today. you would go here and you would notice, sure, we can just do this on the daily for now. You can notice that in this move, when this is breaking out right here, you never actually.
confirm the bottom side of a candle closing over trend. This is why hollow kept moving up, right? Because this actually can't confirm until the bottom side is closed, right? So this would be right here, right? Notice how it fails right before the bottom of the candle to close.
Notice how this whole time, oh, it's breaking trend, it's breaking trend, it's breaking trend. Notice how it loses its price right here. So fine, that adapts the move out to that swing high, which would be like this right here.
Notice how it's never closing the bottom of the candle. So can't move up. Oops. So eventually as you go through the chain of adapting this move, and we just simply go back to the daily.
As the evolution of this move happens, you simply go all the way down to the daily. And then you can even go, hopefully we can still see the 15-minute chart. This has been a while. Darn, that's too bad.
There's a point in Holotech, me and the mentees looked at this. a long time ago that there's a point in holotech where you see the bottom side of the candle confirm over the close and then it's gone right when this bottom closes right here this move is gone it's it's it's confirmed that it's broken trend so when you close the bottom sides of trend like that that has confirmed large breaks so so this was a situation where um holotech had been pushing this this level and i think you find it on the weekly You swing that back to there, to the weekly, and you can see the moment that it breaks weekly trend when the bottom side of the candle closes. Notice how Holotech in the span of two hours moves from this point all the way up to stats in two hours and then after that it just constantly goes in this crazy uptrend.
Remember these are hourly candles in something that had been in multi-week distribution, right? This happens on all low-staff coins. This happens on all high-staff coins. This happens all the time.
You didn't just move up one stat because that wouldn't have been enough. This was a point in time that was picked to move this coin up two sats for a larger move because it was breaking a weekly trend based on the bottom side of the candle closing. And this happens, it's insane how accurate this gets, that bottom side of the candle closing.
Because what's happening when, again, what's happening when the bottom side of the candle closes is you are confirming... So say a one hour closes on the bottom side, it has confirmed the closing of 15 minute candles on a trend. So when a one hourly trend is moving over top of a trend, it's confirming 15 minute candles. When a four hour is moving over top and that bottom side is closing, it is confirming the hourly and so forth and so forth. So whenever you close the bottom side of a trend candle, that is when you take a move up.
So simply go back to, we'll go to Oaks, just because we love Oaks this weekend, why not? You go to Oaks, you look at the hourly candle. You remember how I tell you guys, even back from the beginners video, how you kind of have these moments where you have a trend line or a level.
And in either case, you go above it, you come back to test it and go up. That's because this is closing the bottom side of the candle. That's why this happens. That's why you have these larger breaks in these moves.
That's why when you, you will always see something like this. You always see the back testing of levels. That back test holds the bottom side of the candle.
So when that bottom side of the candle holds, realize that you have back tested and gained that level. So you have something like this where it comes up above, comes back down, tests, right? Or like this right here where it doesn't close, right? The bottom side of this candle can't close because it's coming down and it's still refusing that level, right? But the second you get on top of that and bounce over it, that's because the bottom side of the candle has closed.
And you'll see it all the time. And people wonder like, oh, trend is breaking. What's going on? Well, when the bottom side closes, that's when you have the move. That is when you confirm something, not when you wick over top of it, not when the half the body closes.
It's only when the bottom closes is when you confirm the move. So it's something else that's been with REN. REN moved today, didn't it? I think REN has been moving.
Let's just find the trend that REN broke. Accumulation to accumulation right there. right so you see this is that same thing that happens on a larger time frame you try to confirm the move you go over top and bounce off right what's it doing on the hourly hey everyone how's it going as you know i'm now giving out some of this content for free that i was otherwise charging for for the past little while um yeah drop a donation subscribe to the channel uh join patron you'll get access to discord great way lots of top level traders in there people who are doing this for a career every single day so go to patron join it here get access to discord go on reddit talk about future of trading talk about the science of trading talk about cotton candy um socials everything you can let's help this thing grow uh it's it's the way you guys can thank me for giving out this content for free that i was otherwise charging money for so um i'll leave a bitcoin address on the screen i'll leave the patron address on the screen um just do something to help out okay thanks guys take care