Transcript for:
Butterfly Effect L13: Walking Through a Move 2

there's only a few of us in the world who can who can do it like this right and see you know because these levels are everywhere you have all levels you have this level you have that level but to know which one is the right one your question is the market sediment what it's doing i don't care about the market sediment i i care about the greediest entries only because it's just like how can i ever lose money if i only target this if i'm not stupid and be like oh okay look there's a little level right here and it's only think about it your best case scenario you pull back for 2.2 percent like how does this make sense in any world it's just creating whole levels in here why why would you take that trade right but but this yeah one percent there's a pretty big thing to me i was looking for the level that was going to reject and break the trend down right to reject and lose its trend which is exactly what i told you guys happens right you break one trend you hit a whole level you have a massive pullback and right now it's just one pullback inside of another pullback on a larger time frame so i guess this is just confirming the daily so we're moving up now by the looks of it right so 12 000 bitcoin comes in on distribution but technically it looks like we're moving up right so yeah i don't know if i'm following the sediment of the market at all i'm just using highly logical entries and exits that makes sense yeah and you know here's the next one here's the next greediest point of the move i think this is a really good level to short i think this is uh you know had i've been continuously training right now i think this is a really good level to short it's kind of the greediest point in the movie you know you could start targeting body candles and things like that up here but i think this in this scenario right now this makes a lot of sense because it's also back testing it's local trends so yeah right now it's super volatile for bitcoin it's going to be making these massive moves right now so at least to see those decisions in the moment is is like valuable it's invaluable there's nothing you guys see how it doesn't make sense to take this level like that's the way i would put it it doesn't make sense because there's not any profits to be made but when i see this ripping up like this you know prepared to pull the trigger and it's like just trust my ta mark a level that's super greedy if it doesn't get hit because price only goes here how often have we done that in the last two days we're like oh damn it would have been a few dollars off that's fine you just don't take those trades it only takes one trade a day to you know to be rich and this is this was it right so it's like now it's a matter so that that's how you know i would say when you guys are trading it's it's quick trust your ta mark a level when it starts to move quick like that mark it and trust it and go for greedy stuff that makes sense right imagine all the contracts that that enter in this range right imagine all the contracts that enter in this range right here imagine all of these longs and shorts and and half of them being liquidated here and as the price is moving up okay think about this for a second there's all these shorts that have been taking all these shorts in this range here right so there's all these shorts right here that are that are entering they will slowly exit as price creeps up they're going to start smashing that limit button they're going to start pounding on that limit button you know what it's going to do to price boom boom boom boom and then the real players are gonna say oh you guys are idiots you bought the wrong level let's short right into you guys and then and then bang all those guys who are closing shorts or getting liquidated all their money is lost right here and retaken back on this side right so just remember like there's things that make sense to do and things that don't make sense what doesn't make sense is seeing this level is so close and as it's holding you have to realize people are gonna start exiting their contracts oh i shorted this yeah it looks good i'm up you know to 0.3 percent and you know we're hovering around here all of a sudden price starts to creep up and everybody starts to panic and then it gets right to the level and nobody's taking more shorts because it's like you guys took shorts you guys are stupid you shouldn't have taken that short now we're creeping the level again now we're holding the range and it's like all of a sudden one short closes 10 shorts closed 20 shorts closed 30 and 40 shorts closed people are getting liquidated like crazy and then it hits its level and the real shorts come in right the real round of shorts so it's like what makes sense is important here yeah bitcoin looks like it's about to dump how close was state again theta was close but not that close oh theta had already broken and it's far away from its next trend yeah i don't like theta no let's check myth yeah myth had a super crazy trend it broke didn't really do anything with it because bitcoin just was so cooked in the moment so so myth actually has a nutty trend that it just broke how much is the gap here so it's a decent sized gap has a pretty crazy trend it just broke so have any origins it does right here so this is in the same spot that potentially theta's in except it's already broke its trend so this looks really good what would be uh kind of the final trend we have here ah yeah myth is myth is where it's at myth is the coin that's gonna pump for sure this is crazy now i don't know if it's gonna pop bitcoin has to move up but but if bitcoin moves up this thing is readier than it gets so yeah i'm gonna take a look and see what myth is doing yeah there there's money to be made on myth for sure but we just have to see what bitcoin is gonna do first i'm gonna keep this one here so i can put it beside my other chart i'm going to keep up my chart on my other screen that's the osdt keep an eye on this thing yeah myth looks nuts but price all about price i'm going to take a risk it's not going to be on npxs right now it's going to be on myth that's for sure nuts this this is a crazy crazy crazy trade on myth if bitcoin allows for it the coin looks like it's falling so where can it fall to that's breaking its daily trend is it not isn't that what we're doing on bitcoin losing trend yeah losing our trend on bitcoin right now for the first time so where do we fall to then so we are going to fall to like this 4-hour range potentially at 50 900. myth doesn't have a range it can fall too 304 can fall 10 more percent before it takes a big move up i'll be keeping an eye on myth to take a trade on it and uh somewhere between 300 and 310 on the usdt value yeah like maybe 3 10 or something like that i just wanna i just want bitcoin to dump first because it does look like it's about to dump so let's adapt this to the four hour this will be the last thing that it tests to hold there's this trend here three okay so we've got another one myth myth looks really good now we just want to see bitcoin dump so that we can take a trade on myth and pxs having a small pullback right now not much of one just a very tiny no no nothing even barely anything there there's no volume in it to pull it back jesus there's no volume in npxs how do you get filled for 10k when it's 25k as a total daily jesus that's it i don't like that boy this would have been a nice entry on bitcoin as a position trade here 66.38 damn i figured it would have went as high as 66 looks like 66 75 i would have taken the trade there but i think there's a good level 6638 but i don't know if i would have taken a trade there well it's a good level a good level to uh start a position trade it's the the final hold level anyways on the move down that's starting this whole entire thing so this is i guess the beginning of the ascension to 5900 maybe if we can get a bounce to one of these other levels maybe we can uh get confirmation on this trade right here and take a short here 66 14. i think that would be a smart trade 6614 on btc and uh if it pulls back off that level you're good to leave it so 66 14. let's see the fake break the the fake news breakout and then the dump wow myth is so close to a breakout it's so crazy i can't believe it's already traveled 100 from its bottom and it's approaching trend that's that's really crazy bitcoin's coming up 66-14 maybe hopefully breaks this trend and then has a dump here this will be more of a position trade if that does happen 6614 rejected a swing trader not maybe not a position true maybe a swing trade bitcoin moves too fast that position trades position trades are for like weekly inverses you know possibly 64. i'm not sure what that one is but this is a level here i think this was stuff from the past so we don't need that these levels down here you do possibly have this here too you know it's really too bad it's really too bad we can't get in this as a position trade we got the first piece of it but we didn't take the second piece that's okay who says it's gonna break trend i didn't maybe it will maybe it won't maybe we can actually take a bounce on trend too so this is a tested backside we need to know that low confidence in this level being held tested backside low confidence this is a tested front side for this is what is this a 4 or a 1. this is actually a 4 it is so backside and i want to see the front side in here not convinced that's it let's go greedier not something i would take a trade on not bad actually 15 minute origin front side not terrible anything else in here so that's ranges tested this range is not tested this is like an untested yeah that's that's good we've got decent levels here we've got some gooders this i don't think is really going to do anything didn't i say that's going to italicize the whole thing okay sure that's cool hold trend hit 15 minute origin bounce over top of trend that's the play that's the play right there come down come down fake news hits trend dumps comes back up resell here re-long the halt go back over trend for this rejection right here that's the play it's too bad we couldn't see that though earlier because that would have been a smart trade to get in earlier then but that's okay so at least we we know what to do next so then we buy myth down in these ranges when bitcoin's done its descent and then we'll look to pick up myth down here and then we'll also look to pick up on the frontside 6321 level can we play the first bounce on this trend yeah we we can we can also play that i would only play it for one percent though maybe two i don't know it depends how the reaction is but that's how i'm looking at the rest of the day like what you're seeing now if it does this around that level while we're in distribution i think it would be a decent short we're gonna just see how it reacts i'm not not anxious to jump on this bus 6630 i can see a range up here that makes sense this is super greedy it would kind of be still laddering technically ladder from here to here to here it's super greedy yeah i think that i'm going to just go like that and add a little two right right there and look to target that instead so what you attack this valley right here and then you pull back that's reasonable attack this valley which is a larger timeframe ladder yeah i like that that's that's a little more reasonable than uh 6610 right now yeah 66 29 is where i'll i'll take my trade 66 29 if we approach the level in a way that i like i'll take it right now i'm focused on hoping this thing pulls back for myth because i really want to take entry on myth i think there's a good five or ten grand to be made on myth or whatever i guess amount you guys are doing with i think there's like a hundred percent in myth maybe five five fifty to a hundred percent in there myth is about to strike i wonder how ferocious it's going to be sometimes myth moves like hundreds of percentages oh it's one of these moves okay go up and do 400 percent it'll attack it's weekly at 12.58 boy that would be nice okay let's see if we can get good trade number two here on the day we've got myths set up so if we dump we can go into myth we've got that set up that's good yeah let's see if we can catch something here also in the back of my mind i also know that we just back-tested a broken daily so i i am also wary to say that we could potentially be moving up to that weekly still so that is in the back of my mind as i'm watching my charts right now we could possibly be breaking up so you know certain signs will tell me like okay you need to stop shorting