Transcript for:
Market Update and Analysis - BTC and Alts

So much fun in the market at the moment, and BTC has finally fallen over. They've just touched the 60K level. What does that mean? And what is going to happen with the market next? So we're going to take a look at a couple of things here. But these alts are telling me a story. Altcoins on the weekly timeframe aren't looking very sexy right now. We might have some big levels that we need to deal with lower down in spite of any moves that might be happening now in the short term. So we're going to tackle a couple of these altcoins that are going to give you the story. We're talking Doge. We're talking Solana, AVAX, Ondo. There's a couple of others here that I have for you. You guys, we're going to deal with all the FUD that is happening. You're going to get filled in here with everything that is going on in the market. And I'm going to give you my plan and as well, exactly how we're going to be doing these things. So it's Monday, not looking that good, but let's get right into this. And remember, as always, if you're enjoying the content, hit the like button, hit the bell and hit that subscribe button. And don't forget, you normally see me on Banter Plus. I'm on the main channel today. Uncle is away for a couple of days, so he's given me his slot. But if you want more of this type of action, Banter Plus is where you need to be. Right, Banter Bubbles, looking a little bit red today, slightly better than yesterday. I must say, yesterday was pretty dark and dangerous. But today. A couple of green shoots here. We see Phantom is performing again. We know there's some good news out on the market on Phantom. And Injective, is it coming to life again? 2.8% up while everything else is red and dark. So things are definitely not looking very pleasant out there. And it was pretty uncomfortable this morning watching BTC drop down, watching some of these alt positions, wondering if they were going to hold their double bottoms or their higher lows that we've been watching for so long. But we saw that Dominance actually came to the rescue there for us. but is it going to be sustainable? So let's see where we are in the current situation. So I was watching the 6,200 level yesterday. That was a massive area for me, highlighted here in the yellow circle. This was a big zone. This was the 618 pool, a major 618 pool for that matter. And that is where I was looking for my first reaction. So this little region over here earlier today. So we had a nice little move off that region, but it was a short-lived little experience there. We had a little pump and then they really came for us. and started sending us to some dark places there on VTC. So what am I watching now? And I was just chatting with Ray here before we went live. There's a couple of things we are looking for, and we're watching similar levels here. But number one, we've got to watch the current lows that we printed this morning. That is an area of interest here, 60,400. That's got to be an area of interest, number one. That could give you a potential little double bottom there. But now, we cannot forget and we cannot ignore the 786. We know these altcoins and Bitcoin and the entire market loves some fribbage. And I've got a massive 786 sitting here just under. the 60k level this is 59 850 looking a bit like a magnet here at the moment and looking like an area that we need to pay attention to so fortunately we did see the s&p open up a little bit green and i think that has stopped some of the pain here on btc but is this sustainable because we've seen the s&p start pushing nicely and btc just staying pretty flat at the moment so key levels you need to watch look out for that double bottom 60 480 and a little bit lower down looking up 59, 850. Let's watch that region. And then if we do get some upside here, remember, we are still in this downtrend. We're going to tackle that daily chart for you shortly. But any upside here, in my opinion, is for selling. And we're going to be looking for just simple little resistance zones and things like that to make sure that we TP at good zones. So right now, downtrend in play. Things are looking bearish overall. any pumps that you can get involved in. Ideally, you want to be TPing quite quickly and doing those types of things. So let's see what is happening here. What is actually going on? Why is there so much pain in the market? And Ash Crypto explained this quite nicely. and he said, why is Bitcoin jumping? So number one, Mt. Gox distribution. Okay, that's all over the news at the moment, and they're announcing they're going to distribute 143,000 BTC starting in July. I mean, that is around the corner. So that is news number one that's hurting the markets. Number two, we got the miners selling pressure. They sold around 30,000 BTC worth $1.8 billion. and you know that's not looking great they sold that in the first week of june and a huge etf outflows at the moment so since june the 15th we've had 1 billion dollar worth of outflows in the the etfs never forget the germans as well these germans came and they started selling tons of btc and they've already dumped 200 million dollars worth of bitcoin they've got another 2.8 left in the tank what are these guys going to do with that you and you know there's it's just tons of news and obviously sentiment you are seeing at the moment all over the place guys are getting super bearish at the moment and let's just deal with this mount gox thing because this always seems to be quite a feature. And we often see Mt. Gox coming to, well, not to save the day, but they come and drop this Mt. Gox news after we've had quite a long sort of sell-off in the markets. And we have seen in the past, I'm going to show you a chart just now, where Mt. Gox often signals the bottom of a local move there for BTC. So this is Mads Eberhardt just confirming what is going on here. And he's saying he's estimating 88,000 out of the 141,000. are actually going to be distributed this year. So we see there was a discount that they gave. for early payout and discount on repayment for early payout. And they basically have 70% now that is looking like it's going to be distributed during the year. The rest are going to have to wait. And Joel is talking about Mount Gox news again as well. And they're saying after 13 and a half percent bleed after multiple weeks, this market really hasn't changed one bit over the years would be funny. If the bad news marks the local bottom again. Now, where have we seen this? I've got a nice little chart here for you guys. from Pax and he's telling us the last three times the Mt. Gox repayment fund was dropped. So we can take a look at this little chart. The first time they actually dropped the news was 6th of March, 23, and we actually saw a little bit of downside after they dropped the news. But what happened on the 22nd of November? We got a nice big move on BTC and then on the 23rd of Jan. that actually marked the local bottom there of that move. So 23rd of Jan, we actually had a Mt. Gox pump. So things are definitely looking interesting here. They always seem to come at the last minute here and drop this FUD, and then things tend to reverse. So something interesting to be watching. And Easy Algo, our in-house indicator here, we use this thing a lot. We watch the monthly pivots, the weekly pivots, the daily pivots, that sort of thing. And Easy Algo is just painting a picture here for us, and sometimes it's nice just to check in and see. what the current Easy Algo sentiment is. And at the moment, 98% of the market is looking bearish right now. We've got 3% above the monthly pivot, 2% above the weekly, and 1% above the daily. So 98% of the market is looking sad. It's looking a little bit tired. And it's reflected in all these Easy Algo pivot levels. So if you want to learn more about Easy Algo, there is a link in the description there for you guys. But a nice little guide as to market sentiment. But nothing. seems to be stopping the S&P. So once again, we've had the S&P open green, things are ripping there on the S&P side of things, and BTC feeling a little bit of pressure again, when are these two going to get re-correlated, when are we going to eventually get the move, so S&P traders, you guys are cooking, and it looks like we're about to chase some all-time highs one more time, so again, you're chasing your level here, 5,500, that is going to be your all-time high, and then a little bit lower down, look out for this gap, if they are going to send it there, a nice little region to watch, anything from about 5,400, down to about 5,370. Looks like a nice little gap that these guys could come and fill on the downside. But other than that, S&P looking super healthy. And we did see the Dixie falling over as well today. So that was definitely helping things. And then this was a tweet I dropped earlier. You can follow me on Twitter, at the Lord of Entry. And I just pulled out the liquidation map that we love to use so much. This is the seven day that I whipped out earlier. And these bulls have been absolutely slaughtered. And the longs are really running a little bit low. And I was saying earlier that it looks like way more fun is going to be happening to the upside here based on this liquidation map. So maybe a little bit of a short-term bounce could be brewing here for BTC. It just looks like there's a little bit more action to the upside there for us. Right, now before we get into a couple of things here, I've got a legend hiding in the back. I unleashed the man from his cage. I allowed him out from the sniper club, and he's bringing us two setups that he's going to pull out. No, no, no, no. We need to talk about what legs are coming through. We know what legends are here. The legends are always here. Ray's also a bit of a legend look at the legend with his beard so guys hit the likes you know the drill the legend is here he's got two setups for you one of them I'll give you a clue one of them might be optimism the other one well I actually can't remember but he's got it and he's ready and waiting but Ray needs to be happy with the likeage when we have the right amount of likeage here Captain will give the signal and we'll bring Bruce out of his cage okay let's get into our next bit of information so set uh seth finn on twitter he's got a nice interesting post here for us funding rates negative for the first time since may okay funding rate negative rsi on the one day almost 30 i'm going to talk about that now fear and greed is neutral we saw today the fear and greed index hit about 52 uh now today so maybe a little bit more fear in the market and he's basically saying based on the information he's got in front of him he's looking very close to a local bottom on btc now what does that local bottom look like well yeah Here's your chart. Here's BTC on the daily. And look, things are looking dark and deadly, but we have. To be fair, we've been tracking this downtrend since that first touch on the trend. When was this? This was in 13th of June. We had that first sort of revisit that created this downtrend here for us. And ever since then, we've been in this bearish downtrend. And, you know, to be fair, we've been tracking the 60k. Obviously, we didn't really want that to come. But if we have to look at the chart, if this was like a 15 minute chart, for example, we'd be zooming out and saying, well, there's a little double top here, we're heading a little bit lower, look out at these levels lower down. And that's exactly what's happened. It's just taken so many days for these things to play out. Remember the daily charts. or slow burners and right now we seem to have found some kind of local bottom but i'm not quite comfortable yet until we start pinging this 59 800 region and i've highlighted the 786 here for you guys one more time so what does that look like this could easily look like from here a little push into the 786 and then a nice little bounce there that might play into seth's local bottom that he's talking about or alternatively if we do get some kind of push higher on btc i'm still looking for some kind of trend rejection or some kind of rejection at that horizontal to then come and test this 786 level at just under 60k. For me, it makes perfect sense. They've done all this work. They've come all this way. Why would they leave it up here just above this level? It makes sense to me that they'd want to come out and just ping this area and then... I must highlight one more time, the 200-day moving average. Look at this thing. It's staring at you in the face here. 57, 550, the 200-day moving average. Look how nicely this is tying up with the lows that we had in May as well. So this is another area of interest here. This is a potential wick zone. So for me, one of these should be the move that pings this local bottom here for us that does give us that trigger that we are looking for on BTC. But how do we get there? Right now, it's anybody's guess. All I can say is zoom out. play the big levels let's not be over leveraging let's not be over trading here and make sure we understand big areas so i'm going to get stuck into a couple of these altcoins for you and then you're going to understand what i'm saying and you know my explanation behind uh some of these things but before you say over levered would you say did you do something about leverage over leverage What are you on? 100x right? What are you 100x-ing here, Raymond? James, James is in the chat. He says, seems like Ray needs some Hawk Tour. Don't know what that is. Don't want to know what that is. And Hugo says, Alpha's in the house. Dylan, the DGN master. Look guys, we got to, we got to put on our DGN hats. And I wore my bull hat for a while there. I wore my bull hat for two days. Maybe I jinxed you guys wearing that white bull hat. So apologies for wearing my bull hat for two days. Wait till I pull out the bull shirt. Are we going to send it a little bit further down? And I see Farida's quite excited that Bruce is going to be in the house here. So she's pretty excited. Mikkel says, when is the banana zone? Guys, I'd love that banana zone. Please. Even a mini banana zone can send us to some decent places here. Who else is sitting here? Trader Dad. He's in the chat here. He's sitting in Sniper Club with us. And Onno has finally noticed the Pyth BTC breakout. This is what I've been talking about for a while. Pyth versus USDT minding its own business and might have a little bit of action here for us going forward. So keep your eyes on Pyth. I did deal with that chart. early last week and we might have to tackle it one more time and just see where we are but that path is definitely looking interesting after a massive sell-off and i see cameron is here in the chats veletu is here in the chats okay everyone is here all my people are here and drew is just reminding you that mount gox is selling again and right so here's some altcoin i don't want to say altcoin boosting or altcoin juice for you guys but we got to look at everybody's views and everybody's opinions so mustasha said yeah the clock is ticking Okay, he's looking at dominance at the moment. He's basically calling MACD the MACD indicator as in turning bearish for dominance. And remember, bearish dominance is pretty good for altcoins. And it does provide some kind of pumpage. The only downside to this man's chart is that he's looking at the monthly. So if we're looking at the monthly, it could take a few months to play out. And that might take us to some certain dark places on some of these altcoins before we get this major reversal. But still, it is quite a bullish looking chart that he's drawn yet. but played out over the monthly. Remember, these things can take a little bit of time. And then Titan of Crypto, also with a nice chart here today, saying correction on alts look like it's about to end. Okay, now he's using previous data. He's pulled a 618 as well on his chart. And he's looking at this Gaussian channel that's flipped bullish on the two weekly. So he's giving you guys a little bit of bull sauce here. But remember, this is the two week chart and a lot of things can happen. These alts could easily drop another 10 to 20% on a two week chart. and you might not even notice it on this current chart as it stands. So we're going to tackle some of these levels shortly. And one of the big things we're going to be watching here, dominance on the 12-hour. and you would have noticed that dominance has been relatively flat in spite of that btc dumping at the moment and you can see it's actually rescued your alts it's saved a lot of your altcoins remember what you don't want to see when bitcoin is dumping is a hard dominance pump there that really starts rinsing these alts so to say you know it's been they've been relatively polite i would say on the current conditions keeping this dominance nice and flat here for us and uh you know Keeping these altcoins afloat at the moment. Now, before we get into some of these altcoins that I've got prepped for you guys, don't forget, we've got Baked coming. The Baked launch is coming. If you participated in the gummy airdrop, you would have smashed it there. And now the next token for you guys is Baked. And there's only two ways. that you can get baked tokens. And one of them is meanstaking.com. And the other one is to be actively trading on Blofen. So there's a Blofen link in the description here for you guys. All you need to do is deposit $100 onto Blofen, just get trading on there, and you will be farming your free baked airdrop. So if you want to participate in the airdrop, jump into Blofen, KYC-friendly as well, and make sure that you are farming your bait. And you can follow them here on Twitter. You can see all the action is happening here. I actually haven't seen this picture. This is pretty cool. But yeah, bait is happening soon. And look out for that. And there's not going to be another opportunity. So make sure you are farming your bait. Okay, let's deal with the big dog, the most important one in the room at the moment. It's got to be ETH. And I just like Joel's post here today. And this is what ETH looks like near days before the ETFs are expected to go live. So looking more and more ready for that expansion leg. Now we're getting a little bit desperado here because we are sitting at the absolute bottom of this expansion leg. So all the wheels are going to come off if we start losing this leg. But based on this chart, things are looking interesting. And remember, when we are feeling most bearish, a lot of the time that often signals a potential. bottom for us and oh i see beth is in the chats beth stay woke how are you uh beth what's happening me um then i've got uh the eth exchange liquidation map now this is important one you always see i'm looking at this one on btc for a guide and you can see the bulls have also been absolutely decimated here on the 30 day for eth and it looks like we got six billion worth of liquidations if they're going to send eth to roundabout say 3,900. So things are definitely looking more interesting and more fun if they are going to send it to the upside. And I'm not going to lie, I would welcome a nice little pump here for my ETH bags and send this thing higher. Even around about the 3.7 level is starting to look a little bit interesting here. So a nice little cluster here, but things are definitely teeing up here now and on BTC and ETH at the moment. And we can see these shorts are totally outweighing the longs and we need to get some kind of equilibrium here and bring things back. to neutral right so the first thing we like to look at is obviously eat btc And we want to see how has ETH performed now with Bitcoin falling over. And if you were watching my show over the last week or so, we've seen that ETH BTC has been holding this major, major support here for a very long time now. And it seems to be going well. We've got one, two, three, four weeks we've been above this major support. And with this ETF around the corner, we're talking, what, eight, nine days away now. There could still be a little ETH trade into this ETF. Obviously, it's another thing. If the inflows of the ETF are disappointing, there's going to be a whole lot of FUD around that. if that doesn't play out. But we could still see a nice little ETH push into that ETF launch. So let's look out for that. But right now, ETH BTC is still showing great strength here and holding a nice big support. I would say we could be a little bit more concerned if we start losing this major support. But right now, we've broken through key moving averages here. The 200-day, 50-day, 100-day, we got weekly levels as well, and a big 382 pool. So things are definitely... BTC under 61. BTC under 61. Let's take a look. Okay, we might get a little entry here, Ray. Are we going to get a little, are we going to get a little sculpey here on BTC? So let's keep watching these levels. We might get our little double bottom here. Maybe there's going to be a trade available for us to take. And Ray, keep us posted here if we're going to ping this little, this little 63.90. Alternatively, remember, so I'm looking for a little move into this region here. Maybe we get a little fake out down there. Well, alternatively, I'm looking at this 59. So let's see, let's keep our eyes on that rate ping me if we start hitting some interesting areas yet. Okay, so where are we? ETH, USD. Okay, so we finally pinged our 618. So now interesting things. We saw Bitcoin hit the 618 earlier today. ETH simultaneously hit that 618. Now BTC has lost the 618 and ETH is starting to push in and around the 618. So right now, you know, nothing to panic about just yet on ETH. Let's watch the 618. We've got 3,250. This was always a nice big level for me. the 618 coming into play so right now we're looking for a potential bounce here on the 618 and then I've highlighted the next level. Now, I hate highlighting the next level because I didn't want to see lower than 3,250. This was a hamster level for me. So I don't know. Maybe we're going to have to sell the family cat if we start pushing down to this 3,000 level. Now, the 3,000 level for me is also interesting because it's a reaction zone. It's the 200-day MA. It's the 786, and we've got some daily support and resistance markers here. So 3,000 on the button here for ETH is our next. level of interest so we got to see how btc is going to play out now and we're going to watch each btc on that current support but next level for e3000 and right now still looking for a bounce here in this region 3250 you can see earlier today when we did ping it we got a beautiful bounce off that area so now it's all about just holding that double bottom and maybe even printing a higher low year for us in this region. So let's keep our eyes on that. But a nice 618 coming to the party for us when we needed it. And it actually put the brakes on ETH earlier for us. So there was a nice little result there on the 618. Okay, let's get into some of these altcoins. Now I'm gonna give you a couple of bigger picture things here that I want you guys to look at. So, you know, even if we do get a bounce, before we look at these charts, just remember if things turn bullish here and we start pumping, this is not a time to get over euphoric. and things like that, and start really laddering into massive positions if we get a pump. Because I'm going to show you these charts now, and any pumps that we are looking at now for some of these altcoins could be pushing into major weekly resistance here, and that could result in quite a big rejection if we do end up getting rejected. So just remember, you know, if you are teeing off trades at the moment, we're looking for short-term moves, small little moves up, and anything for me right now is reserved for selling. until we see Bitcoin start breaking that major daily downtrend that I've just shown you, when we start cracking that daily downtrend and things like that, then maybe we can really start turning the engines on. But right now, story number one that I have for you guys. And again, we just got to be absolutely realistic with the information that we have in front of us. And this is linked on a weekly chart. And we've now seen examples of other charts front running. these type of setups and this is a head and shoulders for those of you that don't really watch trading or don't watch trading that much head and shoulders is quite a bearish as quite a bearish setup that you get on the charts and more often than not it results in these charts putting more downside in and if we take a look at link at the moment and we can see what's going on here. We have now printed this head and shoulders, and we are floating around what we call, we could call this the neckline, but what this gives to me, it tells me that if we do get a little bit more weakness here on link, we need to understand where can this link go if we do have this downside. So number one, for me, okay, link is on a level. Okay, we're not arguing that. Link is on a level here, 13.1, and it could potentially bounce here a little bit, can do anything like that, but what happens if we get a rejection here on link? we are definitely looking at lower levels. So for me, I've highlighted two levels of interest for me where I think Link could actually go in the next couple of weeks here on any major rejection now after any pump. So area number one for Link, 11.75. I'm watching that zone. For me, that's a nice little area where we can get some kind of bounce on Link. So 11.75, that's area of interest number one. And then we've got the big dog lower down. And this would really, if this head and shoulders plays out in full, we could see this picture. And this would most likely be on some kind of liquidation or capitulation candle that we would see. I would expect it to happen super fast if we do get that move down to that region, but we can't discount Link at 8.7. I don't want anybody to get shocked here and fall over, but the facts remain here. Link is sitting on support number one. Yes, we know that. If we get a bounce here, you need to tighten up stops. Maybe you want to be TPing. If Link starts falling over, 11.75, area number one, area number two. 8.7. This is just the reality of what we're seeing here in front of us. And what would that downside take us? Potentially another 33%. And if we get to that level, obviously, we can see this is a very strong level. This is Link on the weekly. Look at these weekly supports here. We know this is a massive, massive area here for Link. And I would expect by the time we get to this level, 8.6, 8.7, everybody, every man and his dog. is going to be loading up on Link here at 8.6. So that is, you know, that is what the chart is telling us. And I see Michael saying the S&P is looking proper. Well, I'd like Bitcoin to look proper, if you don't mind, yeah, with us at the moment. If we can send Bitcoin a little bit higher, I would appreciate that. And another one here for you guys, another story. that is unfolding right now. And you can see this is AVAX. Is AVAX front running the entire market? Is AVAX actually telling us the picture here as to what is going to be happening to things like LINK and some of these other tokens? So LINK I discussed last night on my show. And I said, look, bigger picture here. We may or may not get a bounce. This is a small little area that we were watching for AVAX at the time. And this was a tiny little weekly level that we were watching. But I said the high conviction zone for me had to be. This 21.5 level for AVAX and it looks like. it's going to becoming a reality. So mark this one on your charts. I did cover this one yesterday. 21.5, looking like a hot zone here for AVAX. That could be a stulp zone there for us. If we do ping that level, again, that doesn't necessarily mean this is the altcoin bottom, but what it can mean here is that we could get some kind of substantial bounce out of AVAX off a nice solid zone. So why do I like that zone? Massive weekly levels here. And the 786 in play for me. So when we start dipping, into that. Ooh, I see, bro is bombing us back to bear territory. Guys, I'm not trying to scare anybody yet. I'm not trying to scare you. Wait, let's just remind you guys that we are actually bullish. I'm just really trying to, but it is what it is. And these charts are telling us a story and we got to listen to what they're telling us. So AVAX 21.5, that's got to be a zone. You can see I've put my alarm on here on TradingView. I am looking. for a little bit of action here for me on AVAX. And, you know, that could be a nice little bottom in the market for us in general that we could potentially see. Maybe that's going to be BTC sitting at around 56K, 57K, somewhere in that area. So let's see how that plays out. But AVAX, nice little long trade coming for me at 21.5. I think that's going to be a good area to play. And let's see Pickles shouting, yes! And Horomor, Horomor says, CRV looks okay. Look, you're going to find. Along the way, a lot of tokens are actually going to survive this mess and they are actually looking okay. We've seen Ondo do relatively well. We've seen strength out of Ton. We've seen strength out of Phantom and those type of things. But we know things like AVAX are in people's portfolios and let's deal with that. Things like LINK are in people's portfolios and let's just make sure we have a realistic overview. as to what is happening. Here's another one. Another story for you guys. This is Doge. And this is also telling me a story. The market isn't done until we've seen Doge drop into at least the 786 trend and weekly level here for me. So basically looking at this chart, we've seen AVAX is calling for more downside. We've seen LINK potentially wants to go lower. And I've got Doge looking at us here, telling us if we just play this chart, we're looking at Doge at around about 0.108. That's another area of interest here for Doge traders. So for me, is there a long year for Doge? No, not necessarily now. I would say let's wait for that push down into trend and horizontal. That could be a nice little trigger along there, especially for the leverage traders. So let's wait for that sort of area here on Doge. And again, we're not doing anything too scientific here. We're just looking at some major weekly levels and we're pulling out a FIB. Anyone can just pull a FIB out. And we've got a trend line in place. Very simple stuff here that we are looking at. But remember, in the charting and things like that, sometimes the simplest stuff actually just wins the race for you. You don't need to overcomplicate matters. And that is what I'm watching. So that is a huge area. We generally find if they push things this low, they often just push it a little bit lower onto a nice solid area there for you guys. So I have earmarked a potential doge long. I would set my alarms if I were you. somewhere around 0.107, 0.108, anywhere in that area, for me, looks like an area that we could come get to. Now, remember, if the market starts firing off immediately and doesn't come there, it doesn't mean we're not going back to the zone. So I just want you guys to understand that if we do get a push higher here, we've got major resistance in this area. And that could also be another area where they could reject us and send us a little bit lower down. So there would be also a short option higher up in that zone. So if we do get a push higher from here, for example, you're going to be looking at shorts of that 200 day MA and that 618 and horizontal, and then that could potentially send you guys a little bit lower down. So there are obviously two trades in play here potentially for Doge. So number one, a push up into 200 day MA, 618, horizontals as well. That's a massive resistance zone here for us at around about say 0.13. and then your long position from lows at 0.107, 0.108. Okay, so anyway, you're getting a picture here. Now, if you're looking at a lot of your charts as well, you can do the same thing. You can pull out the weeklies, you can pull out these fibs, you can look for trend lines, and you're going to get an understanding as to where your current altcoins are now in the bigger picture. And it would make sense to me that you start looking at some of these levels. And Horomor says Nia is troubling before pumps. What else we got? We got questions on Stacks. Now remember, Stacks is going to rip on BTC strength. So Stacks I'm a big fan of. We got to keep track of Stacks. You want to make sure that you have a piece of Stacks when Bitcoin does turn around because that thing should start really starting. Should start moving quickly for you. Another one Rune and this is Rune on the weekly again telling us the same story. So another head and shoulders, another bearish setup. And, you know, is this thing going to play out in full and send us down to, say, 1.5? I'd say it's highly unlikely for Rune. But what am I watching right now? What are levels of interest for me? And it's very much the same that you're seeing on AVAX. You're seeing the same on Doge. And we can see in the short term, we've got a little area lower down that we're watching, 3.75. and then if this thing is really going to play out, and we're looking at around about three at the moment for Rune. So Rune is also looking a little bit sad, yeah, if this head and shoulders is going to play out. So you need to be prepped at any point in time here. Three has to be on the table. 3.75 is another one that has to be on the table for you. And remember, any pumps now out of Rune, we have discussed this, you know, in the last couple of weeks when we started losing some of these levels, but any pumps out of things like Rune or Avax, you're pushing into... major resistance band. So that could easily be a situation where we get a pump into a weekly, which was previously weekly support. Now it's weekly resistance and we could get some kind of rejection of those zones. So what I want to suggest here, if Rune starts taking off and Rune starts pumping now without moving lower, okay, your TP zone needs to be somewhere around 4.4 to 4.5. When do you turn bullish on things like Rune again? And it's going to be the same principle on AVAX and a link that I've shown you as well. When you break. back through your weekly levels and you reclaim that as support, then you can start turning super bullish on these altcoins again. But until we start reclaiming big weekly levels here, we need to just be cautious. We need to just make sure we're tightening up stops. We're taking profits when we're pushing into these big zones. Remember, we can always break a trend. We can always break major resistance at another time, and then we can grab those support buyers when the time is right. So just time to play safe now. Watch your big zones, understand where they could be going. to the downside and obviously to the upside. Anastasia says FTM was over bullish today. Yeah, that was our best performer on Banter Bubbles there. Look at that. Okay, it's 3% now. And it was looking, what? It was about 4.5% not too long ago. Okay, there's another one I've got for you, Ondo. Let's see how we're going. So Ondo, I took a sculpt of Ondo yesterday off the 50 Day MA, and then I added a little bit lower down. And I had this one on my show for you guys. Why was this interesting to me? And well, number one. It did ping our 382 once again and our horizontal. So that was an interesting zone for me on Ondo. And right now, you know, there's a couple of views on Ondo that are floating around. Number one. you can obviously see we do have a potential head and shoulders here in play for Ondo. Is this a sign that things might be turning a little bit deeper and darker? And we'll have to watch how this one plays out. So right now, if you are trading Ondo, your best bet is to watch today's low. Okay, this was one of our better performers today. And if you are trading this, your best bet use today's low as your exit point or your exit marker. That's pretty deep. It's 1.0. four or five that you're going to be watching. And that's got to be your support, your deepest support there for Ondo. And then lower down, we can see, we've got another wick in play here as well. One on the button. And that is also now a zone of interest. So you can see what's going on here. I'm trading Ondo on weeks at the moment. And I bought it on the 50 day MA yesterday. Then I added to that little position as we went lower down. And now Ondo has turned a little bit green for me, fortunately. So we're going to see how this one plays out. I've positioned my stops. I've staggered them for a little bit of downside here in case we get a little bit more bearishness on BTC, but some of these else start holding and I don't want to be exited completely. So I've staggered two stops here on Ondo. One is at 1.077 and one is at 1.068 for my exit plan there if things start turning south. So that is how I'm going to be playing Ondo at the moment. And remember, I'm trading this one on Weeks and Weeks is KYC friendly. and there's also a 20% signup bonus for you guys. If you want to jump into the link in the description, remember they are launching their own token. And as long as you're trading on weeks, you are farming your airdrop tokens yet. They're WXT tokens. So there's a lot going to be happening here with weeks and the exchange token is going live or it should be live very soon. And you can take advantage of that by trading on weeks. Okay, the next one I've got for you guys is Solana. So Sol didn't hold our 200-day MA. That was a big zone. that we were watching. And for me, this was a, it wasn't the highest conviction zone, but we did have a 200-day MA. We had a 618. And we were saying that it was this zone or the 120 to 118 were the big zones that I was watching for Seoul. So right now after this dump, it seems like we have front run that 120 to 118 region slightly on Solana. So ideally for me, I'm still watching this region, 120 to 118. We haven't quite hit the potential entry zone here for me. So I'd love to see Seoul. just dip a little bit into this 118 region, somewhere around there, there could be a nice little long here, getting ready on Solana. We have noted that Sol has been relative to a lot of these other alts, has actually held its levels really well. And, you know, right now, 120 to 118 for me is a big area of interest. And then I have highlighted a 786 Fib. And we know, again, altcoins, Bitcoin, they love to track these Fibs. And here's 786 Fib sitting at around about 108. for you guys. So look out for a potential wick to that region. And you can see what happens here. They drop these wicks here and they pump these things higher. Look at these wicks here that they're sending down. They pump it higher. so look out for 120 to 118 for me that's a nice zone to be looking for longs and then lower down look out for a sneaky wick 110 down to 108 could be something uh in play there i know i know bruce is a bag man i know he loves a little bit of solana and uh yeah oh yeah where you live one by the way that's a lot of trade you just marked out that is actually number one on my on my list i'm not So you like this level? Yeah, I'm going to my margin on train on that one and looking for a leverage trade right when you're done. Okay, nice. So yeah, I mean, we agree on that. I'm a little bit disappointed didn't hold the 200 day. You know, I thought we were gonna at least get a short term trade out of that thing. But yeah, fell over took the hit. And here we are. So almost there. I think with a lot of this stuff, we're really looking at capitulation, because people kind of holding on. And the market often waits for people to kind of throw their hands up, or I give up, I'm out of here. And then the market bumps. So I suspect we're We're going to have a little bit of that. Yeah. Remember that feeling when you're ready to give up, that's often the bottom. And when Mt. Gox comes back. I mean, it's just in the comments right now, I can see that people are feeling it, right? You know, just negative about the market, negative about this, feeling very, very salty. That's a hint that capitulation is close, just to be sucked into it. I've done a little poll here as well, Bruce. Let's see how they answered the poll. I said Mount Goktsebog FUD is coming in. Does this mark the bottom? And 55% say yes, it's marking the bottom. 45% is saying we bearish, we're going to 50. So it's actually an interesting balance at the moment. Sometimes we see these things very skewed and nice to see a little bit of balance or a little bit of sanity coming back here in the markets. And we saw it in the fear and greed index is 52. Yeah, the market's just going to do what the market's going to do. Our job is to figure out what it's going to do and go with it. Don't want to fight the stream. Don't want to fight the thing. Okay, that's where it's going. That's where it is. Go with the flow. Go with the flow. Okay, so Bruce is going to bring us when Ray is happy. Are we happy yet? We're good. Has Ray ever had one? We're good. Okay, we're good. We're good. We're good. I'm not ecstatic, but we're good. I'm going to smash the like. Let's go. Let's go. Okay, I've got one more chart before I unleash Bruce here, before I unleash the legend onto you guys. Here's Renda and just notable. Renda showed relative strength today. Oh, there we go. I see base realty or base reality. Yeah. It's actually saying the exact same thing. So yeah, Renda showed unreal strength today while Bitcoin was falling over. We saw Renda just hanging on and I really took a closer look at this thing and you can see what's going on. It's hanging on for dear life. on this major trend that we've pulled here. So the trend, just something as simple as a trend, providing a little bit of support here for Render and also confirming a little double bottom in play here. So things are looking interesting here for me on Render and a nice little support base here at 6.6. So watch that support looking interesting on Render and then a little level lower down here for you guys. I've got six on the button. This is a big 618 pool and we know Render loves a 618. and yeah we've often had massive responses from Render off that 618 so right now Render's looking okay Bruce the legend what have you got? Well I'm sending this all over the place so let's bring this shirt up There you go. There we go. Okay, cool. So I'm looking at Sui and Optimism right now, both very, very dependent on what Bitcoin does. But what I noticed on, by the way, I'm going to start off on the daily, because when the markets get like this, sometimes you just need to zoom way out and go, where in the world are we? And so where are we? This made a very natural tag exactly at the 786. from the macro pool from the bottom of the market there. I mean, just to the penny. And what I noticed with Sui is that, well, Bitcoin continued to drag down, right? It lost at 618. It's pushing into the 786 now. And by the way, that's my target for Bitcoin right there. Where we go, Sui? So, Sui actually pumped up and printed a higher low. I'm going to zoom in a little bit so you can see that. This is kind of cool. It's relatively pretty strong. So, we came up, printed, objected right off the downtrend line. That's predictable. And it now printed a higher low, which tells me that relative to Bitcoin, Sui is finding strength and it's very strong. If you're looking to get into Sui. I wouldn't hesitate to come back and catch that trend line again. I'd take a long from there. If you want to be a little more conservative, you can wait for it to break the trend line. It'll likely reject off that 50 moving average. Wait for it to come back on and test this level again. Again, staying above that trend line there. And you might go off to the races. If you pull it, and again, these look small, but if you come down to the trend line and just make it up to the trend line, Again, you're at 11, almost 12%. If it pushes up to that resistance level, that's a 21% gain. So don't be surprised. Just be willing to get in and get out. On this particular trade, if it breaks below that trend line, I would just bail out and let it settle down because what will likely happen is a retest this 786 level, likely some wicks below it. So let it settle down before giving it a shot again. But again, you've got to clean and validation right below that level. Probably, let's see if you can get an entrance at 82 cents, get out of it at about 79 cents, and you should be pretty safe over there. So I'm planning to get on this one. I like it. And a lot of bullish thing on SUI. So it might be a strength play as well when the market recovers might be something nice to be watching. Ray, do you want to update us here? Do we have an entry yet on BTC? So, if Phil had been on that WIC from earlier this morning, that I was talking about. Keep us posted. Yeah. Yeah. Okay. What else have you got, Nathan? That's 50% of the WIC. Yep. All right. So, the other one I'm looking at is optimism, interestingly. Yeah. It just came down to a very, let's go back to the daily again perspective, really solid level in both the 200 and the average, but came to a very well defined. level I tagged it over and over and over again right over there right there clearly a lot of the printing again among the daily if you look at this from Lux algo I think there's a very strong order block there let me zoom in a bit so you can see it a very really strong order block that then basically bullish and the other thing I like about it is the you're getting down to this area. Let me zoom in a bit so you can see. When it ever gets down to this area, it starts printing wicks. You can see it did it here, right? Rejection there. And right now you're getting a pretty strong reaction right there. Let me zoom in. You're getting wicks. So I would be a little more hesitant on this. I'd wait for it to kind of prove itself. But if oops, come back here. uh bitcoin that you watch what bitcoin is doing if bitcoin stabilizes and this thing consolidates right here in other words it just sort of starts going sidewards a little bit um i wouldn't mind taking the starter entrance right over there Again, with this one, anything below that trend line right over there, I'd bail on it because it's a pretty hefty drop from there to down to that next level. We're down almost 20%. So to me, it's not worth trying to average into it. But if it loses that level, I'd get out. But if it comes down to this level again, I'm happy with it. If you want to be slightly more conservative, you can wait for it to break above that trend line, come back and test it. and take more conservative entrance there. It might be one or 2% less than entering over here, but it would be a whole lot safer. What do we know? I mean, the information we have here is optimism is melted down into a major trend, into a major order block, into a big zone. We have potential ETH play here because optimism is one of the tokens that could run on ETH. Okay, so if there's going to be an ETH move, maybe optimism is where it's going to be. I looked at that earlier this week as well. I think Dave, you had it on Sniper Club too. So yeah, potential play there on optimism. Nice little entry there. Yeah, we're going to watch that one closely, guys. Remember, when you start firing, you're going to be looking at PIPI, believe it or not, Lido, ENS, optimism. All these ETH plays are going to start coming alive for you guys. So a lot going on there. Bruce, thanks. As a matter of fact, if you think about it, just straight risk reward, I mean, just back to the 50-day moving average is a 36% pump. Yeah. risk a little bit for a hell of a game if it pumps we just back up to there legend if you want some of this man if you want this man's action go look in the sniper club there's a link in the description bruce is one of our many traders there in cyber club but he's an og sniper club legend in there and he's doing all sorts of sessions there zoom sessions all sorts of things his charts are in there setups are in there and he'll take you through it if you want to learn about trading that's where you need to be so jump in there sniper club bruce thanks for hanging You're welcome. Catch you later. Catch you later. Okay, so where were we? Render. And I wanted to tell you guys about ZoomX. I've just jumped into a Sculp here. I was waiting for Ray to give me the go ahead here, but I see Ray's abandoned me here. And I was waiting for our entry. He's left us. But here we go. I've jumped into a little Sculp here on ZoomX and just going to play a little BTC Sculper here and see how this is going to work out. So I've grabbed a small long here. My exit is going to be if we lose these loads that we've just printed yet. So I'm looking at an exit, say, under 6,604. Let's see how that goes. Yeah, I've just done it on ZoomX. Now, I've been playing around with ZoomX. As you saw, me and Ray were playing that space game the other day. But this is also quite a fun exchange that you can trade on. And believe it or not, they've got an offer at the moment. If you sign up to them, the first 200 people that sign up using the ZoomX link in the description, yeah, you automatically get a $10 bonus. It's limited to 200 people. So. the first 200 that sign up using the link in the description there's a 10 bonus and if you trade on zoomx within three days there's a 20 bonus so all you need to do very simple here jump into the show description and you will find ZoomX here, they force from the top, take advantage of that offer that they are giving you, there's free money dishing it out, they want to get you guys trading actively on their exchange, so there's my little sculpt on BTC, I'm going to stop out under these candles here, and I will bail if it doesn't work, and remember, the next level that we are going to be watching, just so everybody is on the same page here, has got to be 59,800, so let's just go back to this daily chart, just so you guys have a big picture, and the level, the big picture level, 59,800. So if we don't get this double bottom here right now, I'm looking at 59,800-ish, and then a little bit lower down, 57,600. That looks like how things are going to play out. And look, big week ahead, lots happening at the moment out there. And look, at some point, the FUD dries up. At some point, these bulls are going to come back. At some point, the bears are going to get wrecked. And we're going to be sitting here laughing and cheering and just being happy. I'll bring the bull hat back. back. I'll bring the bull shirt back and we'll have a little bit of fun. So guys, I'll be here tomorrow. Later.