Transcript for:
Blueprint Remastered L7: Defining a Market 2

right so this is this is a thing like you have coins like mda you have coins like tnt and you know you just go to any any um you know even even just go to something like brd right like they said uh or not brd sorry go to um that's not the one that recently moved up but it was raiden raiden was just a a matter of right place right time like raiden had a breakout right there right raiden had a breakout right here it had probably tried to break out once right here and let's do this let's do raiden on this side rdn btc right and then let's do btc usdt on obt btc usdt on this side so right in here and we'll put the daily on and just go back to where that uh trend break is and maybe we go to like a four hour candle or something well we'll just try to see what the four hours are showing us here in this moment versus the uh four hour here in bitcoin so where are we at here so raiden very much looking like it was trying to have a breakout above trend here so raiden had started this uptrend like so right raiden has this uptrend like so and and trying to have this breakout above its bigger trend so then we would go to bitcoin and see what it's doing because it's all connected like it's it'll almost be like you're looking at the same chart just on a different exchange right so you have this uh swing to swing right here and then you kind of go through this move and uh you can start to see the collapse of of rate and coin happening right as bitcoin is losing its trend right because it would have had a local trend like this it would have had local trend here and it breaks above it so it breaks above its trend right here and then let's zoom in and see the connection between the two coins rate and coin right you you just analyze bitcoin on the side and we see the move up right we see the pullback happen it hits trend here so that's good it kind of confirms that this is holding its move up by holding trend so fine then we have the next swing to here right rating coin starts to stabilize against this swing here bitcoin creates its trend that it needs to break so at 11 o'clock uh may 21st year 7 o'clock 11 o'clock 15 100 right so here it is 7 o'clock 11 o'clock it breaks up and over right so you look at bitcoin at 11 o'clock it was breaking up and over trend right so this is this is this is a case of right place at the right time bitcoins breaking over trend so what is rate and coin going to do rating coin is going to break over its trend if it's testing it right same thing that we just looked at tnt test and and these are four hour candles so i'm sure there's a bunch of tests inside this candle up down up down up down up down up down up down right 11 o'clock rating coin pushes way over to its next trend well what does bitcoin do bitcoin creates its next trend right so it's it here so as you go forward in this move it is trying to push its its trend again it is trying to have its breakout against this larger piece of its move and this is on 7 a.m on the 22nd well bitcoin at 7 a.m on the 22nd right here where it's trying to break over its trend see it's trying to break over its trend however it has also created this backside failure right so this is this is gone right you are now trying at this moment here and you can see it on the right side of the screen maybe it's very faint but may 22nd at 7 o'clock you can see a break over trend just like here may 22nd at 7 o'clock it has this big move over trend bitcoin pulls back against trend so does it two candles later this is back testing to break trend right bitcoin is doing the same thing it's back testing to break trend therefore leaving rate and coin in a distribution cycle now because it failed its trend attack now this is not to say that bitcoin can't move up from here but what this did to raiden coin was it broke ravencoin's move because what rating coin tried to uptrend against this larger piece it broke it and it actually broke raiden's move by failing it locally here so the local failure on bitcoin as it was trying to push this trend and break up so is rating coin right so this is the connection that all coins have and and where you see you you might have something like mda attacking at the same time but just just a slight difference in four hours or two hours or six hours a slight difference where if it had happened two hours earlier mda was the coin that moved up how much percentage and tnt actually moved down again for another few days but but this actually as as prepped as rating coin was ready to break out like you look at this move and say okay how much did this actually make it it actually looks like quite a bit here it actually looks like about 30 yeah this is trying to make 32 turning into a much bigger move actually bitcoin broke its move so so you could see the breakout that raven was trying to have here against uh the trend and and so be it just sequence of timing it broke its move and this is so common this happens all the time so anyways you fast forwarded into this moment of you fast forward into this moment down here of breakout on may 29th at three in the morning and and what's happening right and trading he's acting a little funny here putting up profit charts everywhere it knows we're talking about ratings so it's trying to screen profit so the same thing that happens here right as as you break over trend raiden does the same thing you see it happens right here you have a trend break on bitcoin and rate and coin is in the right moment in the right time so it is now testing this trend again but it is ready to try to test the break on bitcoin so bitcoin does break its trend and and look what happens to raiden after it breaks its trend it sets raiden on its uptrend so this is this is sequencing and what sequencing looks like on a uh better time scale as towards something like mda because i know because i've been watching mda and i've been you're cross-analyzing it on bitcoin it was just stuck in in the wrong moment at the wrong time actually let's step this back and and go like this had these moves happen three hours forward three hours behind mda could have been the coin that's testing its trend you see right here where it's breaking trend right here on bitcoin it breaks its trend right there at seven in the morning well look what look what's happening on mda it's taking that same move but the question has to now become what trend are you breaking right what what trend are you breaking mda and and let's pull this trend out to here right we would have had that there and so it's breaking its trend right it's doing very much the same thing as bitcoin is doing but what's the significant of this trend that it's breaking right does it have valleys that it has to back test or is it already in an uptrend right is that already in distribution does it have valleys is it is it being stopped out of the move by another factor right so the first thing i would do now is i would look at this on on on mda and i would look at this trend here and see that it was uh trying to break above this trend and maybe test this larger piece right here and then i would even go back further and i would say okay what happened in the past because maybe our trend isn't accurate here kind of looks like our trend is a bit outdated let's take a look at mda's trend and see what it was doing so in this moment here fine it has this so it's been kind of funny it has this right back here swings to there which is fine this swings to there which is showing you this break point there which will also show you the local part of the move which is here to here right a little a little more uh frayed out so you have that right there swing to swing right which will then make this global here which hasn't broken out of that global yet due to the local parameters on this move so actually this wasn't ready to break out yet on on mda when this happened and not only because the trends aren't testing anything of major relevance right you're not coming up to a trend that's set out here and you're in this moment right here about to test out of this trend when bitcoin moves up in its move no you actually have a trend that's kind of undefined in this moment so there's no real reason for capital injection to come into this because all you're simply doing is just breaking this trend and you still have levels to back test right like you have untested valley right here right you have this level back here which is a inverse that was hit to come to this level right here so more importantly breaking this inverse at 13 7 is the bigger moment for bitcoin or or even this level right here which would have been a fractal looks like on the 12 hour a fractal origin level so you have uh larger levels here that need to be broken that aren't really being tested yet so even if mda was to break out like what is it breaking out too is it breaking out to this level here at 13 000 is it just back testing out of this distribution piece that it had right here which is what it's doing right like it has a huge rundown here it breaks trend and so fine it completes its target and that's all that the move was supposed to do it was just supposed to complete this target right here just this valley it doesn't have a bigger target in mind and so when bitcoin breaks up you're seeing the sequencing and it does exactly what it's supposed to do it back targets it's level the first thing in in defining what you need to look at in a market stance in a market scape is what is the general health of of everything so the first part of this becomes understanding that sequencing is a a very fickle game so so sequencing means that you have to understand that there are coins that are all going to be breaking out in the correct in in sequence so maybe two or three coins are breaking out the same day but one has uh a bigger ceiling to it right it has uh more tested levels it has a bigger part of the move it has a big weekly gap in it it's it's breaking something that has been there a trend line that's been there for i don't know six months or a year or you know some something more than one month versus something that's only breaking a trend that's only been there for two months maybe so maybe out of the two coins they're breaking out at the same time one is testing a larger trend the one is testing a larger trend is going to have more capital injection right there's just more interest in the coin there's more value to see it going up and maybe it has a larger gap in the books to where if you look at something like this you you look at a weekly you know weekly is a bad assessment because everything is going to have this huge weekly gap right but maybe you look at the daily gap uh you know there's a lot in here that happened well what agreed to look like let's take a look or even tnt for that matter any one of these coins like what what is what does raiden look like like this has a lot of tested levels in here right like you have this test of this inverse right here so that's tested so the valley can come up and be tested uh this is the untested valley right here you have an origin level right here this is very clear and easy to see an origin level right there you know so you're testing an origin breakout as to where something like mda it has been testing an origin breakout as well right here but it's not breaking the right trend as to where mda was breaking the right trend in that or sorry as to where raden was breaking the right trend or even tnt for that example you know you look at tnt and why it moved you you can see very much the same thing origin test right there a large gap to this level here right there's an origin test here there's a large gap to here so when when you do break whatever local level you have defined right here you're going to come back up and test this origin level which is going to test this right here so actually on that day that's exactly what you do you hit target there which would have been valid here in the case of a move up so you do close the valley you have a pullback you hold whatever level is in here fractally and then you move up to a larger target and you look at the weekly and i'm sure the gap on on tnt on the weekly is there too right so and then tnt back targets and untested weekly so tnt was set up sequence wise for for a better piece of the move as opposed to something like mda so that is the first thing to know about assessing the market the next thing to know about assessing the market is this we're going to go back to bitcoin now we're going to go back to bitcoin and we're going to start to look at the more the overall health of the move and we're going to kind of delete these trend lines and you know maybe like this guy here and you know this guy here just just some of this other stuff that we don't really need that that's fine this looks like a relatively uh safe chart to use just like this it it's nothing major it's just uh this one should be here that's fine we just close that it doesn't matter we'll just actually uh put up the the next valley that it targeted i guess it hit the inverse right here so it actually hit an inverse level right here that's uh where are we on the daily so let's do this uh let's make this red this is the daily inverse that it hit what did it do on the weekly pretty much hit this to the t didn't it let's uh snap it properly here pretty much hit that to the t and never really back attacks that uh close of that level actually so we we look at this and uh even even on the weekly it pretty much stopped at the inverse as well not it was stopping on the daily inverse um but needs to really attack this weekly value again to have another part of its move up right really really needs to close this weekly level or at least attack this weekly level to continue its move up to the next weekly which will be here and then i assumingly there will be another daily inverse somewhere inside of here that'll stop at first to see if it can continue that move up so some something like that would be relatively safe to say that if we if we're looking at bitcoin and what it could do you there will be an inverse right here you can tell just by the way the candles are on a 12 hour inverse right there weekly daily inverse possibly another daily inverse short right here so daily inverse we're just going to assumingly mark this as a 12. i guess we could just verify that we're not in the replayer tool so let's just go take a look and uh yeah so it's actually right there on that same level just or same price just a little bit forward so you can kind of assumingly have these candles marked out like this on on bitcoin and so fine so so part of uh understanding the general health of this market is this right like we have seen now we've looked at tnt we've looked at mda we've looked at rate and coin and and we know everything has been you know how long of distribution everything has gone on so so we we start to break down our expectations in this move and you know everything had been on this two month long distribution cycle but that's caused by bitcoins move up like everybody knows that bitcoins moving up people want to be in bitcoin bitcoin dominance is higher there's not a lot of leverage going into all coins right now so this is where we have to start to analyze the market and and start to say okay well what can we expect in the future where can we analyze this what what is now that we know coins are going to be sequencing how do we start to say like okay well when should we be taking these trades so the first thing to understand is that bitcoin is in recovery so the first thing that bitcoin had done is it had closed its weekly valley it's it's very first one which is right here and actually i should probably color code that to the weekly so so now what i'd like to do is i would like to go and just start to look at qlc for this example sure why not keyboards i want to use qkc but i also don't want to erase my chart so we'll just use qlc i don't think i have a chart for qlc we go back here and and we assume that bitcoin has um completed its weekly test of its value so so then the first thing we do is we start to say okay well what what is every coin get it if bitcoin has back tested its weekly level then so will all other coins like all these other coins are going to start back testing weekly levels as well right so so then we start to have to start to find the weekly levels in these coins which is right here that's the weekly level right there you see the two candles there bitcoin has its its attack right here of that weekly level uh which is reflected in qkc so you're looking relatively at the same exact thing on on this chart so you're looking at relatively the exact same thing the difference between this cycle here and this cycle here is the dominance of bitcoin right so in a market where bitcoin has back attacked its weekly level and it is for how long wedging against that weekly level we very much see the same thing as going to happen on qlc right it does the exact same thing it wedges against that weekly level over and over and over until it comes to this moment right here where it breaks over right and it has this big move up right so it over leverages itself into a big move up so i want you to look at the left side of the screen this is march 25th 19th so march 25th 19 is this candle right here before bitcoin breaks over its weekly so so this is kind of that knee-jerk reaction that is going to happen in our markets parabolic to bitcoin so we already know that bitcoin closed its weekly level here so qlc can do the same thing so if you were down here and you saw bitcoin had uh taken that big move up this is december 17th on this side so december 17th on this side is this candle here you could have gotten into this trade in the pullback and just assumed that it would attack its weekly level too in respect to what bitcoin did which it had done so uh just right there we already ascertain a good piece of information about the health of our markets is that okay bitcoin back attacked it's weekly so is everything else going to back attack it's weekly so qlc has a grotesque over movement against it right as this is wedging half of the coins had this grotesque over movement and half of them had this uh big purger down right so so so what does qlc attack here qlc attacks probably some daily level and not relevant what qlc attacks but for the future it's going to be important right so qlc tax probably i would say probably an inverse level at this point i'm going to assume it's right here probably didn't touch the weekly no it didn't touch the week uh sorry the daily break level something i was expecting right not to hit a break level but but more so to hit a whole level and then its whole level on on that would have been right there so so this whole level right here so it actually hits its whole level to the t um so so this would have been addictive to showing you what is about to happen right it is about to take a move down it's not like this thing hit a a break level and and on how to pull back it hit an inverse level and had a pullback right it hit it hit a whole level and had a pullback so when bitcoin moves up after this coin has hit an inverse level we already know what's prepped to move down right so so this was kind of one signal on q q lc and i'm i'm assuming that every coin did the very same move like no matter what chart you look at that had this kind of move up like that like just look at vibe for example i think vibe had a relatively similar move and just kind of removed the drawings on five as to where vibe had a large move up against its level i'm assuming it hit an inverse two somewhere or is it vibra i think it's uh vib i'm thinking about not vibe vib i'm assuming vibe did very much the same thing because it had a very similar move right it had a very similar move as to where it didn't close a valley and uh you would look at this here and possibly this is now a 12 hour in here right there right so so this is the inverse level right here that was already hit one time on the 12 hour uh where's my 12 r color right there and then this would have been the valley that it needed to close in order to keep moving up right so so it does the exact same thing it hits that same level it actually falls short of it more importantly not being that it doesn't hit the exact same level but more importantly the the piece of information that's actually crucial here is whether it can close the valley or not because if it doesn't close the valley it's failing right so the simple fact that these these coins all relatively did this exact same move this moment so if you look at the left side of your screen on the right side you know you'll notice this reaches up towards uh and inverse as well so this is relatively the same exact move is happening across all coins so so you guys are starting to see a pattern here as to what happens in our markets right so then we're going to go back to uh vibe but what was before a vibe it was qlc right we're looking at qlc so right anyways qlc hits its in first moment and so fine all the capital goes back into bitcoin bitcoin goes on this one two three four five six seven eight week soar up to its inverse level up here so what can we ascertain off this that we back closed one weekly two weeklies and hit a inverse of the next weekly so so we can ascertain that most most coins having this reaction to their weekly are are going to now start to close their weekly values so so now coins are going to start back attacking a weekly level at some point and tnt was the first coin that actually did it from what i can see we clearly don't have one here on qlc we have a level up here right we have a 2600 level here and then we have an inverse here at 1600 so we would start to break this thing down and into lower time frames and we already know that that's the inverse that's attacked so fine this is the inverse rate here so so we know that one weekly is closed two weeklies are closed so we so we can we can already say that we're probably going to back test two more valleys right we're probably going to back test this level in qlc and and it will take time but we will get there i i don't think we're going to quite come up to there which will which will be an inverse test of this which is kind of is what to be expected right the inverse test on the larger scale right which is exactly this uh moment right here so this is probably going to be the level that's attacked on qlc the 1600 level right from where we are now and you go to something like tnt and let's see what level tnt attacked recently you go to tnt lo and behold tnt let's actually just remove our chart and find the level on the weekly that tnt attacked lo and behold tnt here's the inverse right here so that's fine this is the level right there and then here's the inverse here so what's on the lower time frame because we can't see it here you have the inverse here and then you have the valley right there which is actually an origin level right here so to attack the origin nope this auto mode is uh is killer so it attacks the inverse here possibly i'd actually like to see this driven down on a lower time frame to see where the valley is here so you have this here you have that there so this is the origin level right here so so this is the breakdown moment for the future so we're going to mark this as something important because this is a breakout moment for the future here this is a 12 hour origin level this is a very important level so it inversed the origin that's what it did get the inverse on that origin which could be right there on the daily if we look at where that is oh it actually didn't even reach that wow wonder if there is a four hour that i'm missing possibly so you have this here is the four hour of that origin level but that doesn't seem right where's the 12 hour here is there a 12 hour valley in here or is it actually the four hour there's no 12 hour value in here okay so it's the four hour so it actually uh hit the inverse four hour which is fine but that that is showing you what is happening against bitcoin right like bitcoin taking its bigger move up against its level and in this moment here let's move this to the daily and in this moment here having uh all the right pieces oh i guess we have to zoom in on this side to having all the right pieces in play and dissecting that breakout moment there bitcoin breaking its trend when it did here when we had broken that down inside of here simply the fact that tnt is in the right place at the right time so now we go to something that hasn't because this isn't really relevant information other than to say okay the relevant piece here actually this is very relevant information because this is kind of what we needed to see in the market we needed we needed to see one point kind of have this overreaction right whether it had been bitcoin diamond or whether it had been it's a good one to look at because whether it be bitcoin diamond or or whether it be uh whatever coin it is right we've seen dent test and inverse weekly we've seen tnt test and inverse level right with this test here on the daily so so this this is the information that we have to use to assess the health of the market right so uh quite quite simply and yeah fine okay we'll drill down and find the exact valley that's not a problem right so we test the inverse level again so this is the information we need to start making the decisions about what coins are going to do in the future and where the possible points of breakout are right because we've seen the effect that bitcoin is going to have on the market if no coins had been moving up we would see that nothing is ready right when coins start recovering they are going to recover in sequin so you're going to have something like tnt happen first then maybe oaks and maybe bitcoin diamond then maybe this coin and that coin and it will become a test of what trend is bitcoin breaking in that moment versus what coins are ready to or or have the maturity in the move to have their breakout and and bitcoin diamonds just so happen to be uh for whatever reason it was breaking out here as we dissected earlier it was just ready to back attack its level because it was sequenced to be the right move so now we know that something like tnt bitcoin diamond dent did very much the same thing and actually dent was one of the first risers dent had actually already back tested its weekly inverse level so actually to be fair and honest with you guys dent was actually one of the first coins i noticed this on so if you actually just get rid of uh everything on this chart and you see the weekly downtrend here right you see the weekly downtrend and the weekly inverse the weekly inverse was here this had already tested so so now this is pushing up to its weekly level so actually dent was the first coin i had noticed this happen on right and then you had things and then i think it was sky coin that had moved next and then xvg and now tnt but tnt being one of the first real recovery points because tnt actually has closed outside of a large part of the move but these are very important pieces of information because they're telling us the health of the market right we are now more importantly not stopping at this inverse weekly level right here i guess it would be right here sorry this inverse weekly level or actually right here yeah which is ahead of march right at first because this would be an inverse daily then so let's mark this and put the weekly here so so now we actually know that we are starting to set breakouts above the current weekly right now so whenever we are sequenced properly we are going to start to see coins doing this having this bigger overreaction now possibly tnt and skycoin and xcg and some of these other coins that move pretty quick are going to have a bit of an overreaction but at a minimum case in point we can say okay we have a weekly level oops this should be solid we have a weekly trend back tested and it has gone up and stopped at an inverse level so so we know that the health of the market is telling us that we can now start to recover some of these coins so so we look at something like qkc that hasn't moved yet right look at qkc and i've been showing qkc for quite a few days now and and you start to look at something like qkc which is trying to sequence into a breakout right like qkc is desperately trying to sequence into a breakout so we first start by marking out some pretty important levels right like untested inverse level here on this larger possibly what looks like could be a monthly here or even all the way up here but really with the end goal of qkc upon the rate sequencing given the right events we'll back test this level at a minimum because in a recovery market qkc does need to get back to some of its upper range here right like it does need to get to this uh upper range and this being origin level right here break out to its all-time high so it breaks above this level it reaches its all-time high which is most likely going to happen upon the break of this green trend so wherever that happens this is a piece of information that we can ascertain about our markets we have this bigger trend here and typically when you break a larger trend you will test its inverse so we will test something like this well on this trend break that that's kind of uh a common thing for trend whatever trend you break you're typically going to back test its larger inverse level so this inverse level off of this even though it's in front of it you using this one is the same level as this right here which coincidentally is our inverse level so we will see maybe a couple tests here up to 5 89 a pullback to 570 and then and then some local valley closes in in the meantime right like so this is a actually you test this inverse and you're closing this value right here which will move up and then you're actually testing the real inverse which is right here so this inverse actually is kind of devoid by the fact that it will have automatic succession because it's not testing an inverse globally it's actually testing a local break level so breaking this part of the move to go up to this inverse which therefore then if you go back to the weekly you can see where your inverse is coming from on the weekly the first weekly and then the second weekly here but again this will lead us to the 762 level so now you can start to see where um upon the right sequencing of events qkc actually has a pretty well preset move already actually it's breaking this valley right here so if we go to the weekly back again to this weekly valley it's breaking this trend right here which these are the inverse levels of that trend right here and right here and then you would say okay well what's the monthly inverse which is this is actually a monthly inverse level