Bitcoin Rejected Again (Is A Bigger Drop Coming?)

[00:00:00]Yo, fam. Happy Friday, guys. So, we are seeing  a rejection. We are not getting through this $656,000 zone. We have all these resistances  ahead over here. And now we are starting to see an aggressive push to the downside. So, I want  to speak what this means. Where are we looking for bounce zones, right? And where are we looking  at acceleration zones? Then at the same point, where are the next trade setups that I'm seeing  in the market right now? I'm seeing a bunch of liquidity sitting lower down. So I want to speak  around that liquidity grab. I've also seen that there is no more shorting liquidity right now,  right? So a lot of shorts did get hit from the previous jump off. Now the question is after the  long liquidation areas that we are looking for, what's next? So guys, smash up the like, smash  the subscribe button. Let's go. I try and help everyone in my space and this is what I get.  I try and fight the devils, but inside I'm just like Sniper. Welcome to Sham. I want to  introduce you to the new host. His name is Yo, yo, yo. Hope you guys are having a fantastic  day. Hope you guys are doing good. Again, day by day we soldier on through the markets.  We are literally just in that trouble phase, right? A little bit of a trouble phase. So again,  I made the decision a couple of weeks ago, get good entries, zoom out, put stop losses, and be  patient, right? So, I'm sitting with longs of 58.

[00:01:25]I'm sitting with longs of 59. And I've got some  more money in the market that I'm looking for some more entries. Other than that, when it comes to me  trading the market, I'm looking for good entries, stop-loss areas, and then I move my stop losses up  to entry, right? But it's quite clear right now, the way to survive is getting high time  frame entries at good areas, being patient, and loading up on key important zones as  that happens. And at the same point, slowly, day by day, loading up the long-term portfolio,  right? The best plays in the market right now for the next cycle return. So again, we just jump  in here and just remind you guys where we are weekly. This is where we are weekly. This is where  we are fighting, right? So as it stands right now, we do have a rejection candle in play. This  is not so much a very, very bearish rejection weekly candle. If we actually end up dropping  and Bitcoin closes around the $61,000, $60,000, we actually see this extend more to the downside  with a bigger body full by the end of the week.

[00:02:19]Very likely the next week's candle is going to  be green again, right? So what we are waiting for is you can see there is this trend over here  that is basically starting to come into play, right? So basically meaning that once we  do finally get above these areas here, that is where we can kind of look for the short  squeezes until we are sitting below here. We are kind of looking for lower buys and accumulating in  these areas, right? The good sign is we are still obviously holding these areas here, right, which  is the big zone. So for me it's quite clear anyway I can buy close to the bottom here as possible  with stop losses over here, kind of the best plays in the market right now. But we are definitely  going through time capitulation right now. Again, any big pull down here, right? I'm still kind of  looking at a bit of a bullish candle next week.

[00:03:04]Then I want to speak around if we have a buy  up what we want to see to turn kind of bullish this week. We do want to be above $66,000 for a  possible push to $70,000 next week, right? So we need to see that kind of happen. Anything that  we kind of form below $60 something thousand, $65,000, right? By the end of the week, let's say  we start to push up, we start to have a little bit of a carry up to the upside, very likely we  will see a bit of redness next week and then possible push up in the next following weeks after  that. So for now, the simple play is looking for buys in this area over here when it comes to  high time frame. When it comes to liquidity, right? We did wipe liquidity out here at $65,000.  We wiped more liquidity out at $65,400. And now as you can see, we are starting to form a nice little  yellow patch, right? Sitting here at the early $61,000s. Okay, after that, not really seeing much  liquidity in the market, right? You look at all different plays here, not much liquidity. So, it's  important to see how we react at that zone. Okay, but if we get to a point where we hit that zone,  we then look at a possible strong buy up and there is no liquidity in the market, very likely a real  move is coming. All right, for now, the market is literally just moving to where it is going to make  money. So what does that mean and how does that jump in? So just before I jump in there, remember  guys, anyone in Bybit EU, there is a link below in the description, right? Bybit back in EU, right? A  lot of exciting things coming over there. So there is a lot of incredible signup bonuses and more,  but you can trade with Bybit again in Europe, right? For me, Bybit is one of the best.  I trade with it to this day all the time, right? And they are a lot of different ecosystems.  They got their card, they got their money system, they got many different things in play, right?  There is a link below in the description. Sign up if you are in EU looking for a really good  exchange and obviously look at all of the bonuses that you get there below. And two more things, we  do have a very cool special on Bitfunded. So guys, best thing right now in a market that is  struggling when it comes to kind of chopping around and putting too much liquidity on the line.  We have prop trading, right? We have Bitfunded and they have 50% off right now. So any packages you  buy right now, remember, you pay $100 to unlock a $5,000 package, right? You pass the two levels  or the first level, it depends if you buy one step or two step, right? You then get to trade with  $5,000 on a 5x leverage, $25,000 with 100 bucks, right? Not your capital. You get to keep 80% of  the profits that you make above that. So here we go, 50% off right now. It is ending in the next  two days. So there is a lot of big opportunities to buy Bitfunded packages right now just to show  you guys the packages. I'm obviously busy trading up my accounts right now. I'm trading $155,000  accounts. I was at 159 yesterday after a little drop off. I got stopped in some profits. But  I'm busy loading up, but just to show you guys what it looks like, new challenges over here.  Here are all the different challenges that you get. 50% off all of them right now, right? So, 50%  off one-step challenges. So, one step and pass, right? Here are the prices. We got a $50 package,  right? We got a $74 package. We got a $99 package, guys. Incredibly good prices here. Really good.  $49 for a package is incredibly cheap, right?

[00:06:10]$74 for $10,000 package, $999. So again, there is  a link below in the description. Let me show you guys where it is over here. Okay, wow, we got a  very busy, busy, busy description here. Here we go. Here is the Bitfunded one over here as well  as you have the Bybit section over here. Okay, let's jump straight back into it. These are  the plays that I'm seeing right now. So, let's jump in over here and go through the  simplicity of where we are at right now. So again, there is a wall that we have rejected on these  previous highs. We do have two big walls here, but these are basically the walls separating  us from mid $70,000s. We have rejected. So now automatically we have got to think around  supports. So the way to determine supports, right, is we kind of look at where we are right  now. We are making an uprising channel. So that is a slightly bearish pattern that we are seeing.  In order to kind of erase this, we need to clear and start moving above this pretty quick. Now  again, we are actually coming to support. So the first play for today is we actually do see that  little buy up that I was speaking around and then probably start off on Monday to the downside  and then possibly some strength to the upside, right? That is the first play. Okay. However, the  bearish pattern I do have to keep that in mind. So I'm looking at slightly lower down targets,  especially where that liquidity is sitting, right? The liquidity is sitting lower down  to $61,000, late $60,000s, right? So two big areas I'm still waiting patiently to load  up specifically on bigger size entries, right? Are these two zones over here, right? The  first one is here at the right under the $61,000 between $60,700 and $61,100. And then the next  ones are sitting at the low $59,000 stop losses under the previous low. All right, that is the key  plays that I'm looking for for strong movements to the upside. Then what we have when we have to time  capitulation, what is very likely to happen is either from here we go there and then play around.  This will be the breakout trend. Okay? Or we will do something like this, right? And then start  moving up. So, we are probably looking in the areas of a real breakout in the next 7 to 10 days.  That does not mean I'm not looking for entries, right? Because it takes time to get back up over  there. I'm looking for entries with the lowest risk-to-rewards right now, right? If I'm looking  for the move again up to the $70,000s, I'm looking the lower that I can buy down, the better the  risk-to-reward, the better my entries, right?

[00:08:26]When it comes to altcoins right now, so altcoins  are sitting, altcoins are sitting on support over here. The key thing with alts, right, is to  just keep in this top trend over here, right? That will be the breakout trend of when they are ready.  For now, we are looking at downside. We have 618s here. We do have possible lows. The dominance  is starting to slowly strengthen up. Okay, slowly starting to move to the upside, which means  alts are catching a little bit to the downside yet again into big areas of support. When it comes to  USDT dominance, right, I'm still bearish on this, right? All we are looking for is possibly a little  push a little bit higher up and then a drop to the downside and a big drop to the downside. So  again, when this chart is going down, markets are bullish. When a chart is going up, markets are  bearish. Therefore, here is where I'm looking for a strong rejection and a push to the downside  and a bigger leg, bigger move up than what we have seen in a couple of weeks, right? It's probably  a nice big move loading. It's us getting out of this phase. A big one to pay attention to is the  big ETH weekly breakouts coming for retest. So I do think there are good zones to accumulate ETH  in these areas of this 17 to the 18 type of area, right? This looks like good zones when it comes  to ETH. SOL might get a little bit cheaper. I'm actually looking at SOL. SOL more buys at $70  to $71 and even possibly $66 to $68 as big zones for SOL. Stop losses sitting under the $60  range, right? Things like AVAX, things like NEAR, Chainlink, things like NEAR Protocol. NEAR  Protocol actually getting bearish. So we might get some opportunities of getting some NEAR  Protocol in this area of the $1.7s, right? SUI, Zcash is just holding incredibly strong right  now. So now it's about taking out your book, looking at the best options we have right now  when it comes to the alts that you want to buy, putting in the key support areas and buying and  loading up for the long-term trades is quite simple. As we are coming down, you can zoom in on  the 4-hour. You can track down the trades. You can still see we are quite a bit of time away from  a breakout, right? So that is when I will start ejecting into leverage positions. When it comes to  things like stock markets, right, it's important to kind of navigate this at the moment. That is  what is seeing some trouble. Very likely what is bringing down Bitcoin right now. Okay. And the  bad thing that we are currently seeing right now, we will see how we react today. We need to see  a bounce pretty soon today, but we could be seeing a move down of up to around 2 to 3% into  these supports pretty soon. All right. So things like gold, right? Gold. I'm actually really paying  attention for some big buys. I'm going to be going very long on gold pretty soon, like very long.  We are still a couple of days out from possibly a real breakout, right? We will see. Today has kind  of got a bit of time to get very bearish. If not, I'm going very long on gold up to four, five.  So, stay tuned next week. I'm literally opening monster positions on that move over there. I'm  paying attention to, let's see how oil is looking.

[00:11:18]Oil is looking strong but coming into resistance.  So again, for me there is a lot of fundamentals that go around, but this is telling me some good  news could maybe come out what is going on in the world. Let's see, right? It is either going  to escalate or there is going to be a rejection and a bounce within the market. So keep that in  mind, but this, if I was a type of, you know, if I'm trading oil itself, I might be looking at  a rejection here and what that obviously means with things going in the world, you can kind of  put those thoughts together. Silver is looking quite bearish. Dollar index is looking pretty  bullish right now. So again, we just have to keep concerns that the stock market is not looking too  healthy. Look for good areas, good levels. Focus on high time frame buys. Not getting liquidated,  not getting this. If you want to trade leverage, I would say Bitfunded is an incredible route  right now. Smaller bits of your money you pass, you make, you have lots more capital you  can trade with, but you are risking a very little bit of yours. Then the last thing I want to  share to you guys is we do have free newsletters, right? We have the Good Morning Crypto by  Crypto Banter, right? This is fundamentals that are happening in the market right now. This  is free information. Incredible, right? And you have Daily Candle as well. This comes down to  charts. Any important charts that we are seeing and best charts we are seeing in the markets,  you will find in these newsletters, links below in the description. Have a fantastic day. Have a  fantastic weekend. Lots of love, guys. Bye-bye.