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Live TradingAdded:
Hello everyone. Welcome to another live trading session. So without further ado, we'll get straight into it. The US market opened approximately 14 minutes ago. So we're going to jump straight in and uh we're going to look at the charts. We'll see what we can get from today. Now let's have a look.
So, Bitcoin is currently at 81,356.
We see uh we did see a sharp decline for just before the US market open. I mean, it wasn't as sharp, but it was uh it's it's relatively decent, you know.
Uh we've got pretty large candles there, large uh movement. Now, in the US market open, we did see a drop from about 81.4K to a low of 81.1K.
So, nearly a $300 movement there. And now we seem to be coming back up.
Uh liquidity has been swept from that 81,600 that we had. You see here, let's actually have a look closer.
H so it may be I don't maybe Oh no, we have touched it. Yeah, we have uh scraped out liquidity there as you can see otherwise it would have been on the right side there. So we have uh taken that liquidity. There is more on the upside. Uh there's actually a block of 180 184 million at 80k.
Uh so we could be in for a move to the downside. Now if we are looking at flow, we've got 15 million in liquidations, 50 million shorts, 7.12 million longs.
Now, whales are very bullish, mid is very bullish, and retail is neutral by the looks of it.
Heat. Heat.
Right.
>> That's on.
>> All right. So, we seem to be coming up for a retest of that level. So if we look on flow, we can actually see where price uh we actually see like a zoomed in version of where price actually struggled. So it seems we peaked at 81.662K.
Uh we are still uh we still got that movement to the upside. We'll open glint actually so we can actually stay up to speed with all the latest uh news.
Now we've got Ukraine to extend its truth to if Russia reciprocates.
Now it's important to have news open because news is one of the main factors right now that's actually pushing the market in any direction really. So yeah, we've got to keep glint open. The glint is also good uh or I personally use it because it gives you a little chime uh a little chime little notification when you get uh something important happening. So when we get something important happen you get obviously a notification you have a look and you can kind of position yourself in the best way you can uh obviously to benefit. So we did just see that big push to the upside. We'll have a look at the gold today as well. um dollar index too. We'll have a look at oil.
Oil seems to be on a bit of a decline right now. Uh we did see a push to the upside yesterday actually. Uh we saw a big push on the 4th of May which was obviously yesterday.
Now that's that little chime you get.
So, uh the important news, uh nothing too important.
Oh, there's something important. Two US commercial ships along with American destroyers have already safely transit uh transited the straight, showing the lane is clear. We know that Iranians are embarrassed by this fact. They said they say control the straight. They do not.
They are bluffing. Nothing but bluffing.
I'm truly sorry that every people.
So, I'm not sure to I'm not really sure how that kind of it's either positive or negative. It's kind of neutral, I believe. So, I mean, we're not really getting much from that news. So, all we've kind of got on that is that we can get through the channel. Well, that's USA, sorry.
Uh, USA can get through the channel without getting blown up, but I don't know. I don't think Iran will like this uh news if they do see it.
Kind of uh mocking them in a in a case.
So, oil is on a decline now.
Where are we at with Bitcoin?
Bitcoin still seems to be pushing uh to that upside. So, we might even get a crack through that 81.6K.
Yeah, I believe we've got some resistance there. So, if we look on flow, yeah, we've got some resistance there.
We've seen that big move to the downside. Now, liquidity. Where have we got liquidity?
So, we've not really got any new chunks of liquidity.
Um, we do have uh 254 million at 81K, but I believe that's uh been taken from this move here.
Yeah. So, Bitcoin does seem to be still uh wanting to push to the upside.
like we're still leaning towards a a push as you can see.
See how liquidity is we're still obviously up uh up above the uh resistance. So the key resistance level that we have uh is at that 80k.
So you can see get rid of that.
So you can see we are still pushing outside that resistance level.
We're consolidating uh within this level for quite some time actually. Uh and now we have broke through at 81.6k.
So there is a lot of resistance currently on that case. But uh like I said news are a very big factor right now. So if we do get some uh positive news about some ceasefire or you know situation is improving then we could definitely see Bitcoin pushing even higher even up to about 82 uh K and even more.
But my theory is that we're not it's kind of mixed. It's kind of mixed right now. So, we do have that push uh into that resistance level, but at the same time, we may even consolidate within this level. So, we would have to have a pretty strong move for us to break through this key level that we've been trending in for the last 20 plus.
Actually, it's not 20 plus. It's uh since February.
So, we've got definitely more than 20 days.
Now we're kind of uh we've not really got any clear indication of where price is headed. Uh we can have a look at let's say gold where gold where is gold today?
Gold is at 4,581.
No.
You see, Bitcoin still has resistance at this high.
We did see a little bit of a push back from those buyers again.
We're seeing some very big uh and sharp moves actually right now.
Yeah, liquidity hasn't changed. So, we could have a look at Bitcoin. Now, if we do get some major major news, we will definitely be have to uh we'll definitely have to act fast depending on what the news is. We'll definitely see some kind of movement within the market.
So, if we get I don't know, maybe Iran has just blown up the more ships that will definitely be bad and we'll see the effect taking place most likely on Bitcoin. We'll also see some changes on gold as well as well as oil as um as a final one. So those are the three we could kind of look at for today. We'll definitely look at pudgy penguins as well. They are up about 17% which is kind of crazy. Uh that's the highest I've seen them actually uh bullish. So yeah, Pudgy Penguins are doing pretty nicely actually.
So, gold is currently at it's made a high of 4,750 uh 45,573.
Now, Bitcoin has dropped.
We seen that big drop. We had a big move to the upside. it wasn't as fast as this uh bearish move, but you can see we're kind of uh kind of maybe got some support here. So, the fact that the price has come to this level and has kind of bounced off it signals to me that we do have some kind of support at this level. So, buyers are letting the price come below that level that we have there. So, it's happened once here. This was like the first time. So the second time, the third time, and now the fourth time, it has dipped uh slightly below.
So just at this low here, and it has made a reversal back up from this support level. That's what it kind of looks like to me.
So we may even now see a retest all the way back up to that 81.6K, 6K unless we have some uh weakness from the buyers but and we actually come down to this level of support here.
So we could realistically jump in on a trade.
Let me just uh be sure.
So we look in that one minute time frame. And you see that move is very very sharp.
So we'll have a look at liquidity. Where is liquidity? There we go. We've got some news.
Trump escalating attacks on free and fair elections. Gavin Newsome just sent a letter to election officials in a in all 58 countries thanking them and urging rapid accurate counting to protect confidence in results.
I see. I see.
So, it's nothing too crazy newswise uh just yet. We might see something uh later on in the session, but I believe we can place a short position at this high. So, we'll come in at uh let's we are making actually uh lower highs and lower lows. So, this is that first high, the first low, second high, and second low. So, we are kind of in a downtrend by the looks of it. So, realistically, we could enter at 80 uh 81,490, which is what we're going to do. So, we will come in for a limit order. And I said 81,400.
I'll do 81,500.
So, 8150.
Oh, no. That's the wrong way around. So, price. There we go. 81500.
So coming at 25% and short position. So the fact that we have this uh downtrend could signal a lower low and that is what we're looking for. So I'm kind of seeing maybe a weakness within this move to the downside actually.
So, we were looking for that move to the upside a little bit further than that, but we have kind of uh come back down actually.
But you guys can see we've got some resistance here. So it's either support uh well it has to be resistance as the market has flipped.
We'll place that trade at that high. So we'll do 81565.
81 565 81146.
Now that limit order is just sat there.
So, so, so, so we haven't really got any news uh currently based on based on geopolitics, the war, anything like that. So, currently we kind of are uh kind of waiting on kind of a signal and uh something to kind of put us in the best uh position.
So it looks like Bitcoin is kind of in this key level right now. It's kind of uh sat in this key level. So we do see resistance in that bottom area.
But now it looks uh like it's support as we are still uh within this level.
So, we'll get a uh we'll get some levels drawn.
So, there we have supports.
Uh let's have a look at resistance. What have we got for resistance?
That looks pretty nice.
So resistance support and that is where we are currently at.
So we have uh dropped that short position limit order at the resistance level. We could actually bump it up a little bit higher.
Uh so we do get obviously a nicer a little n a little bit nicer profit but um yeah we can't actually do that. So we do hit that level fully. Now we'll go 81594 89594.7 and that is exactly at this resistance level at the top. So, we've seen a uh reversal. So, a rejection off of that resistance a couple times now. So, here we've seen multiple uh rejections. So, we've got many there anyway. Uh there's one here and then there's also two by the looks of it here. But then the price is staying within this key level. So, we did see a drop but price didn't go below that support level. Now it it jumped up a little bit but then we didn't have that in momentum and we now seem to be coming bullish. So if we look on flow we can see a closer uh view of what's kind of going on behind the scenes. You can see like uh all these candles where we've kind of struggled to gain that me the momentum to the upside.
So you can see all the positions that are coming in.
So Wales are still very bullish.
>> You can see the sizes as well of these uh orders. So we've got what about 130k there for a bullish 100k 100k for bearish.
Uh there's another 103k.
So it's relatively like under the 100k range. Uh for most trades we do get like uh like 190 100 plus 200 plus you know maybe even 300 at times. Um, but yeah, the highest I've seen so far is about 200 plus K, which is crazy. Anyway, so have we had any shifts in liquidity?
Oh, we've got we got 218 million at 81.69K.
And that is that resist uh resistance level that we have at the top. So, we do have kind of like a magnet on that resistance level at the top. So, it's like pulling that price up to this level of 81,000.
Well, 600, I'd say. So, uh what have we got? Let's have a look.
Yeah. So, 81,690.
So we could realistically uh drop that uh entry a little bit higher. So obviously price doesn't obviously come up, get that liquidity and then most of the time what we do is we get a liquidity sweep and then we push a little bit higher and then we obviously you know take that reversal. But just to be safe we can actually put uh 81,700 Just to be on the safe side.
Now, Pudgy Penguins and all these other coins will most uh most likely act the same as Bitcoin. So kind of wherever Bitcoin goes, uh the other coins will follow as well.
So it seems we may even be uh creating a slowm moving uptrend right now, but we may even see uh some weakness. So maybe a push to the downside through that support level.
surprise is kind of choppy at the minute. Uh there's not really too much structure that we have.
Walk walk.
Yeah. So, we're still pushing through that resistance level, that major resistance level at the top.
It looks like we've got some uh weakness to continue this move towards the upside.
We're seeing those buyers kind of uh I don't know, weaken So the market is kind of bearish right now.
We have 50.9 million in shorts.
Now, when we do get to the upside, we'll be in a very good position to come in for a trade down below.
I don't believe there will be uh too many uh I don't think there's going to be many, you know, like a big chance that we're going to get an actual push uh further into say let's go 82k and 83k for now. I believe we will come back down and kind of stay within that level uh until we do get a bigger driver uh to push kind of Bitcoin into the upside cuz the situation right now is very like uh it's very uncertain and you know anything could kind of happen at any given moment. So that straight is still being controlled. We are still getting a conflict you know situation is not getting better. Uh, and what we hear from the news is that we're getting pretty much like breaches of the ceasefire. So, it's constant breaches of the ceasefire, which well, I mean, it doesn't sound good at all.
Andreal is leading a team of industry partners, including commercial space firms K2 Space and Voyager to develop prototypes of space-based interceptors for Donald Trump's Golden Dome Missile Defense Shield. What on earth is that?
I mean, the Golden Dome just sounds like uh something out of a I don't know, fiction a fiction movie or something. It just doesn't sound real.
Sounds like some kind of fantasy.
Golden Dome, right? What have we got? What have we got going on? We're I mean, we're still not making uh that low. Hasn't come past uh this low.
So, we are looking a bit it's like we was, you know, in a good position uh to carry on with the uptrend, but we've got a lot of weakness here from the buyers actually.
And we're seeing a move to the downside.
Now we have come to this support level at the bottom here as you can see. Uh not perfectly but we have come to it slightly.
Now, we don't want to be rushing into the trade.
Uh, so >> gold is kind of still in the still in a move towards the upside.
So, we've got a uh current low of 5 4568.
Uh no, we've got 4573.
We're currently at 4567.
Now, I'm not really seeing much of a structure for gold. Um, nothing in the MACD uh or in the RSI.
Uh, as for Bitcoin, we've seen a big push to the downside there. But to me, that looks like a false break for a real move. So, we'll have a look at Budgie Penguins.
and we could come in for a move to the upside.
So, we will be jumping in on a long position there.
We got a further push to the downside there. Let's have a look what liquidity.
What have we got?
still at 218 million in the B uh in the upside. Not too much in the downside, but we have got more scattered blocks of liquidity.
I believe we're getting new.
So, we've got 175, 121, 169, uh 140, 138, 150.
So, we could be in a move to the downside now.
Oh, that was not good. That was not good at all.
I did think that was a uh false break that we had.
Uh but it wasn't. So, So, so, so where have we got that liquidity?
80.5K.
Could that be the target for now?
Let's look on flow.
Or did we or did we just get a deeper breakout before that real move begins?
market is very very active right now.
I think it's because we broke through that 80k and then uh ever since that it's kind of been you know crazy but you can see the market is 50/50 uh pretty much all the time. we'll see like differences in uh other obviously things like obviously the doge or gold or even pushy penguins but for bitcoin bitcoin seems to always be in a 50/50 uh split price is very very volatile right now it's hard to it's kind of hard to tell where we're kind of going with the price.
To me, that currently looks like a false breakout.
>> False breakout to the upside.
>> Homeless homeless.
Question is, are we going to come back into this key level? That's the question.
That is the question.
Seems like we're we're kind of struggling kind of struggling to come back within that level there.
Very active market, very active.
Kind of even hard to predict where prices have, you know, headed.
The moves are currently uh very very choppy, fast, and uh well unpredictable.
>> Let's have a look.
We've come past that previous low uh slightly, but >> I think we've kind of had the same structure in this upside uh where we came kind of like the same. Um let me let me just show you.
>> No, it's not as it's not as large.
So, so, so let's have a look.
So, we've got 184. There's more in the upside. So in this upside we've got 218 um 169 150 108 but here we've got 184 uh 135 130 and then uh some blocks of 160 120 150.
Now, jumping in a trade right now would kind of be uh a bit silly, but I kind of do believe we will come in for a a retest of the upside again.
Penguins isn't moving too much.
5:00 p.m.
Look, that's crazy. It's actually moving very, very crazy today.
It's like it's all over the place.
Very unpredictable. Very unpredictable.
I mean, if we're going to go back up and retest that level, we'll need a lot of lot of strength from the buyers.
Currently, it it really does look like we're struggling to push to the upside. Um news-wise, we've not got anything kind of, you know, to push it in either direction. So, this is entirely uh on the players right now, if we're going to get a push or not.
>> So, there we had uh 51 to 49.
So it seems we've got a lot more shorting than buying.
>> Wales are still very bullish though. Uh mid is slightly bearish. Retail slightly bearish.
Uh but I do kind of think we will come in for a push again on that 80 uh about 81,600 I think it was. Yeah. Yeah. So, liquidity does lie at 81,700.
They have got a uh stronger move from the buyers. Now, what's going on for crude oil? Crude oil is actually just spiked.
Uh that was at 173.
I believe that was the drop we saw. Yep, that was the drop we saw.
You can obviously you can see how oil correlates to Bitcoin. Oil spiked.
Bitcoin dipped. So maybe we missed something on that part where we saw that spike from oil.
Now, Bitcoin is in for a move to the upside.
>> Oil seems to have dipped, but it's got some uh it's still got some resistance.
That's why we're currently seeing both well I'm currently seeing both charts kind of in the same same position.
They're not they're both kind of stuck.
>> So they actually correlate very very precisely.
>> So the movement is very like uh it's very interesting to actually see. And so we see a dip from go uh oil just then and we see a little push from Bitcoin.
We'll see the same thing happening uh with obviously gold as well. Uh gold is a safe haven asset. So it's kind of something that people put their money into when things kind of go bad.
So if we do have you know war escalation things like that we'll most likely see uh gold coming up in price. So, it's like a safe place kind of uh for people to invest to invest into.
>> UAE UAE under a fresh attack. Air defense is active. Engaging missiles incoming from drones from Iran.
Well, that's not good, is it?
Is that a legit source though? That's the question.
>> UAE under attack again confirmed in state sources. Pentagon addresses whether ceasefire over or violated. Kane says Iran's Monday operations were all below the threshold of restarting major combat operations at this point.
I don't know. It's hard to tell. It's hard to tell.
We're still seeing a push from Bitcoin.
Oil is still dipping.
Oil is still dipping as you can see.
So that push and then the dip. That's what we saw, right? So, what was most likely some Bitcoin then is a dip and then a push up. So, we had a push and then a dip from crude oil. Let's have a look at Bitcoin. We have a dip and now a push upwards to that resistance level at the top. So, we've come back within this key level now. And we are still uh coming slightly bull uh as bullish.
Sorry. We've still got a strength. So, we are at 55.53 on the RSI. Uh, MACD is pretty good.
We've got no crossover. Lines seem to be still uh pretty solid.
We're not seeing, you know, uh, a dips within this uh, strength. So, we've got a relatively nice uh, little staircase there.
So, it may even be now in for that push to the upside.
Oil is still dipping as Yeah. So, we haven't got any uh new liquidity in the market. 200 million is pretty strong. Uh for those of you that don't know, 200 million is pretty uh pretty decent. So, yeah, we're kind of waiting on that move uh towards the upside to continue and grab that liquidity at uh 81,690.
So we have that sell limit order at 81,700 to kind of get the best uh return on investment position that we can.
So what normally happens is we see a liquidity grab but the market comes slightly above that liquidity and then it kind of does that reversal. So we have kind of estimated that and put ourselves a little bit higher. So we don't have uh well we have that tiny bit more of profit.
So we're going to keep that position there. We're not going to close it.
Well, we're going to see how the market reacts. So in the meantime, we can actually obviously I'll keep my eye on uh on oil, Bitcoin. So we can kind of uh maybe get in on a trade if things do escalate or even look toward look towards the positive side. But currently we looking very bullish.
We're coming closer and closer to that resistance level at the top.
So, we've got no more changes within liquidity, I don't believe. Yeah, still 218 million.
So, currently we're set to 81,360.
So, Pudgy Penguins will definitely uh respond to obviously how Bitcoin does.
Gold on the other end is like I said that safe haven asset. It's made a high now and uh it looks like it's kind of moving currently the same as Bitcoin.
So that was believe a key level that we previously had.
So, we're slowly creeping up to this resistance level at the top.
Oops.
Slowly but surely. Slowly but surely.
Do you want apple?
So kind of uh currently waiting on that continuation to the upside from Bitcoin. Well, I believe we will we'll either hit that level and come through it or we'll see some rejection.
I've seen a bit of resistance there as you can see.
So, we're still waiting on that move to the upside.
So, we're currently in a bit of a stuck situation with the Bitcoin.
Maybe there's more sellers stepping in right now.
That's there's that continuation. We still are slightly bullish though. Uh bearish uh sorry. So we are still slightly bearish.
You can see we're dipping to 5149.
There's definitely more liquid liquidity in the shorts than the longs.
So price hasn't come up above that high there.
So we've got some weakness.
It's kind of hard to tell. It's kind of hard to tell.
>> So, we'll either get a faster move to the downside or a dip and then a continuation.
Let's have a look where is liquidity.
217 million I believe. Last time we had 218.
Yeah, we definitely had 200 plus in this area of uh 81.7K.
Now we only have 200 million. Uh so we've got 200 million and 169 million.
Not really sure why there's like two separate blocks in the same kind of uh price level. Uh but yeah, we do have more in a downside actually.
Uh it seems like we're struggling to come through uh that level.
But if we do come up above and get that liquidity at the top, we'll definitely well I can't say definitely but I believe we will come in for a push back down to the downside.
You can see we've we've kept trying that exact same level many many times and what happens is well yesterday the same thing happened. We tried that level again and again and again until until eventually we broke through. Now we've had the same kind of thing here. So we've been rejected slightly here, rejected here again, rejected at this high as well. Big move to the downside.
Then we're kind of getting some rejection at this level here as well now. And I believe we will continue to push and then kind of retest this upper level of that 81 uh.6k. 6K.
>> So you can see how uh uh uh gold uh not gold sorry crude oil correlates to bitcoin. So, this dip that we saw here was obviously a push from oil.
Now, news-wise, we haven't got um really anything today.
What the hell?
But the situation is still continuing.
We're at a global tential uh global tension level of 83. Uh I've seen 80 uh I've seen 95 before and that was uh yeah pretty uh active.
So this is kind of currently what we are watching. So you can see that dip from crude oil.
Now we do have that liquidity still in the upside.
Now we are seeing that dip on Bitcoin as well. So, we have a push now for oil and you can see the dip for Bitcoin there.
Hello. Hello. Not Not too bad. Not too bad. We're still waiting for Bitcoin to pump up to the upside and then uh continue on that bearish move. Market is relatively bearish overall, but uh yeah, we're still waiting on that move towards the upside.
Now, we do keep seeing some rejection there. So, we've got rejection again.
>> Fake pump. Yeah, I mean maybe maybe But uh yeah, we're still kind of getting uh you know that same that move to the to the upside. We're getting obviously resistance and weakness every now and then, but we are still uh kind of on that move towards that 81.6K level.
>> Like newswise as well, we haven't really got anything, you know, crazy today. all >> that obviously kind of you know impacts uh very much nice.
It's like one minute we're kind of pushing up to the upside again. Uh but then we can't really catch the, you know, resistance levels.
Yeah, that's good. That's good. That's the same as me, I think. 81,500.
I had 81,700.
Yeah, 81,700. So, what I'm thinking is we get that liquidity grab at the top and then we come in for a push to the downside. So the liquidity is at 81,700 right now. You can see 81,77.
So most likely grab it and then come in for a push to the downside.
So I mean we could also uh not have enough strength that at that 81,560 and you know come in for a further move to the downside but then at the same time we could also come in for a push um for that liquidity grab at the top.
But it looks like we've got those uh lower lows as well uh and lower highs.
So we're in a bit of a downtrend right now. uh by the looks of it. So if we actually draw that up, it would look something like this.
So it's kind of it's kind of the I mean The lows are a bit like uh you know not as nicely formed but say if we go uh have a look 5 minute I mean we've kind of got it but it's like it's not very nicely uh seen.
So if we have let's say let's say let's say let's say we we get a path uh we have that push to the upside downside upside um let's do downside upside downside that's kind of what we got right now.
You see we still got higher high uh high sorry we've got lower highs and lower lows. So lower highs and lower lows as you can see. So this one obviously doesn't count as this was the push to the upside. So from here we have that downtrend move happening.
So this area here right now where we have this uh support level could be an area to actually enter for a long position. So we have seen that uh weakness for this continuation of the downtrend and now we are kind of you know jumping off of this uh support that we have here. So this could be a uh entry point.
So you see we've we've dipped slightly through uh that support level there.
Coinbase taps century fridge as preferred tokenization backbone.
Yeah, it's not too.
All right, I'm going to come in for a long position on that. Uh I'm going to come in and punch your penguins though.
and Bitcoin 2.
So, we'll come in at 8.
Yeah, I'll go 81594.
81594.
There we go.
>> So, I believe we will get now a push >> to the upside >> that strikes me as a feeling that has a sound that has a sort of a learning type.
>> See, PY Penguins is very uh volatile.
You can see it just jumped to uh up about 170 or 130. I can't remember it was uh now we're down. Yeah, see it's very jumpy. Very jumpy. Um but that is currently what I'm seeing right now with Bitcoin.
I believe we will now get a push to the upside. We're seeing that weakness from that continuation to uh towards that downtrend scenario.
Uh we are seeing a bit of a resistance though.
I did think it was going to be more of a faster paced move. Um, liquidity still high in the upper range. Let's see if we've got any changes.
Ooh, 312 million.
And that's at 81k.
Yep, I think we grab and do sweep. But if you take the Fibonacci and take the low at 80477 to the top 81658, we tap to the golden ratio. You can see it It's kind of crazy. Look, uh, Pudgy Penguins was up for like 200 and something and now we've just dipped again.
And the move is relatively, you know, there's there's not really much of a move.
So, if we go uh on pudgy penguins and let's do Yeah, that's even that's not uh high enough.
Yeah, that's that's not that's bad.
That's all right.
So for Pudgy Penguins, you have to give like a kind of like a bigger room to breathe, but the liquidity for the upside is kind of now it's kind of now gone, which is uh slightly concerning.
Just in the Israeli Defense Forces, they have say they have taken out a Hamas commander who participated in the October 7 attacks. The IDF announced the Hamas commander Anas Muhammad uh was killed in a targeted strike in Gaza.
According to the IDF, Hammed infiltrated Israel and participated in the October 7 Nova Music Festival massacre.
I mean, is that positive or is that negative?
I'm not really uh sure.
on that one.
We're in a bit of a silly situation right now with Bitcoin. I'm not going to, you know, I'm not going to lie.
I was looking for that continued push to the upside, but uh liquidity is kind of gone from there now. And it looks like we're even maybe even pushing to that 80k uh 81k.
We've seen a relatively larger push there from the buyers now.
It's a pretty uh large move.
I'm just thinking, is this actually the move? Like, is this an actual move or are we actually going to get a move to the downside?
We're literally like dancing on that uh support level.
We're literally dancing on it.
Uh solo. I'm always trading solo.
Always trading solo.
Well, currently currently for now. For now.
I mean, that 300 million is a little bit little bit source. I'm not going to lie.
A bit scary.
But the fact that we keep coming back up is what's really giving me those uh you know those questions.
It's that the market wants Bitcoin to obviously push up to that 82 8 I don't know 83K newswise currently we don't have anything that kind of uh would put Bitcoin in a bearish situation.
So right now it's kind of neutral. So maybe we're going to run and you know entirely on uh liquidity.
All right, let me just have a look at something really quick.
Look at that. Fuji Penguins is uh pretty bullish. I mean, it it comes very very bullish. We're at 300 plus and then drops down to 130 and then we're down 130 and then we're back up 500. And it's it's pretty uh yeah, it's pretty crazy to see it, but it kind of acts a little bit like gold. Uh very volatile actually. And uh yeah, but obviously you'll see the movements right now.
love.
>> Well, there we go.
So, this is kind of what I was uh referring to as the price kept coming back up again and again and again.
But like you see, Pudgy Penguins has now not seen that push that Bitcoin just saw.
like sometimes it's a little bit behind, sometimes it kind of does its uh you know its own thing.
But the fact that we have a strong bullish candle there and it's actually stayed there is a good sign cuz normally uh if we do get a bullish signal it's kind of you know it's bullish and then it comes back down uh when the m obviously the the the candle is closing. So, say the candle is obviously we're in a minute time frame.
We get to about 40 seconds or 50 seconds and we just see it drop, which is obviously not as good. There we go.
There's Pudgy Penguins has kind of caught up with that move there, which is uh There we go. There's a bigger move even there. Crazy.
I'm not making that jump on the radio and you know I'm just making that [ __ ] for them [ __ ] that's after >> what is this >> bro so many so many swear words. So many swear words. What on earth is going on?
So this is the part I was talking about.
So we had that uh weakness within the downtrend. So we kind of broke that structure here. Uh so if we were to continue this downwards trend move, we would have been uh in a move like obviously still to the downside. So from this high we would have made a obviously a lower low which would result in uh being lower than this. So we'd have the high low uh this we'll kind of rule out this uh area here. So we've got the high, the low, the high, and then I was kind of hoping we'd get a continued uh move.
Well, not hoping, but uh I just saw that we had this uh weakness within this uh downwards trend. So, that's why we kind of came in uh for that long position. We could have realistically came in a bit lower. Uh but we're still in a pretty okay uh move there. So, we are coming bullish up to that resistance level.
Uh I believe we might have a bit of a change in liquidity. 230 million at 80k now I believe.
Yeah. So 200 million at 80k. Uh I've I've I've kind of been trying to clock this uh how this liquidity works in this middle in this middle range like if it's still valid or not because we still keep seeing like uh more liquidity like say into it. So we just saw 300 million now it's at 230 but maybe it's because we can't put it here so it has to like go here. I don't know.
Uh, we still got 169 million liquidity at 81.7K.
If you're interested or share our views, we could work together. Definitely.
Definitely. Uh, you can guys you guys can uh follow me on Twitter, Madaz Trades here. Drop me a message if you fancy and yeah, we'll go go from there.
>> Two US destroyers are off the coast of the UAE inside the Persian Gulf.
Off the coast. So what is that? They're just there or what?
So I believe everything kind of drives the market right now. News definitely news is a very very big factor.
>> So let's have a look at oil.
>> Yes. So oil is now come slightly bullish there.
So ideally we need oil to becoming bearish >> for Bitcoin to gain that momentum to the upside. So this I believe is >> a little uh yeah we'll come in for a short position on that.
What I want to do is make you happy.
>> There we go.
So news is a big big factor right now.
If you guys want to like obviously trade just based on news, then you know it's uh it's okay. like you can and uh that's not a bad thing because news is a super big factor right now. It's like say for example right now we say I don't know a ceasefire agreement has been uh you know sorted uh the war is over we would definitely see oil prices come to maybe even at $80 a barrel like we'd see that drop and it will be crazy like crazy profit but then if we saw something bad you know re vice versa it's you know it's the same kind of Not going to lie, like currently I actually love Pudgy Penguins. Yesterday we hit a 1K trade on Pudgy Penguins. Let me just show you.
Uh so today we did unfortunately hit a uh trade for 571.
Pudgy Penguins is a lot more volatile um you know than other you know futures or whatever uh Bitcoin, Ethereum, whatever you want to trade. So when we see price coming down or even you know in the opposite direction that is kind of what we get. So we don't see 100 down 200 down we see 500 down which is you know not so positive. So, I close this trade at uh 8:53 p.m. Obviously, that's RIA time. RIA, that'll be your time. Uh I'm not sure EST time. Uh whatever. But we hit a 1K nearly a 1.1K trading uh uh a trade there. So, it's actually a 1.2K trade, but we have a trading fee of $18. So, yeah, that's okay. Now we closed it at 2053 and that was for uh take profit actually which is pretty good.
>> Now crude oil is dipping.
We're seeing a bit of a uh bit of resistance there. Maybe some problem Oh, we're seeing a bit of a bit of a move there for oil.
Yeah, we're seeing Bitcoin drop as well.
So, So, we are currently in a trade. on crude oil, bitcoin and pudgy penguins.
So we have a short position for crude oil and then we have a long position for bitcoin and pudgy penguins. So pudgy penguins kind of correlates to bitcoin.
We see bitcoin coming bullish. Pudgy penguins comes very bullish. Now this is the opposite for crude oil. We see crude oil coming up. We see bitcoin coming down. It's, you know, same thing, dollar index, gold, same kind of, uh, situation there as well. So, uh, currently I'm looking at, uh, oil news. So, I kind of, if you guys have any, uh, oh, look at that. 700 on Pudgy Penguins already. Crazy.
>> Could be a one another 1K trade today.
Another 1K trade.
would be fantastic. Would be absolutely fantastic.
>> We are slowly but uh we are slowly moving up to that takerit that we have at that high. Uh but maybe we can put that high a little bit higher as we are expecting uh that liquidity grab at 70. What was it 70?
No, it was 81,700.
So that is what we have kind of uh expected. Let's have a look. Has we we got anything different?
200 million in the downside at 80k 230 million at 81k 169 million at 100 uh 81.7k. So we are still coming bullish like uh crude oil is obviously going to be coming down. Uh that is what we are looking for anyway. Uh >> yeah. So I'll put Pudgy Penguins slightly above let's just do let's 2.5K for now. Uh as we are expecting that liquidity grab in the upside for Bitcoin.
Uh, Bitcoin does look to have a bit of uh trouble.
Let's have a look. We've had a bigger push from uh Bitcoin there.
We're already in 1K profit. That is crazy. We're still So, for today, we are already in profit. So, uh, we've now had a streak of three days in a row of profit, which is very, very nice. Very nice. Very nice indeed.
So, yesterday, uh, we did we did take a couple of trades. I think we was down about 100 200 uh then maybe a trade for down for three and uh 400, I believe.
Uh, then we came back for a trade. Let me just uh double check.
Right.
All right, let's have a look.
So, you can see completely transparent.
You guys can obviously see uh my trades and everything. So, here we have on the 30th down 200, 200, up 50, 26, 20, down 160, down 170. Yeah, these these days were were pretty bad. Now, we're up 165.
Uh up 41, up 788, up 728. So, that was all in a day. So in that day we have a loss of 129 327 but then we have a profit of65 41 788 and 728.
Now on the fourth which is yesterday we have a loss of 202 397 and then a profit of 757 76 354 188 a loss unfortunately of 429 profit of 80 uh plus one uh sorry a loss of 120 profit of 43 43 157 down to uh 222 but Then a big nice trade of 1.2K, which is pretty pretty good. If you guys want to obviously have a look at that, you can. We're already in a 1.2K profit. Let's go. Let's Let's go. I would say the f word, but I'm not going to because that's just unnecessary. So, I believe we've got a bit of resistance there from that previous high. You can see we've uh slightly not had enough strength to come up above it, but that's a pretty nice uh trade right now.
Pudgy Penguins by itself is even up at like 930.
So let's have a look at liquidity. What have we got?
>> 169. So that liquidity in that mid uh that mid-range is gone now. So we have uh 169 and then 136. But then we still got two chunks of liquidity in a downside. So we've got 200 million at uh 80k and 177 at 80k as well. So it's 81k 80.1k sorry and 80k. So that's where we have that liquidity uh laying.
>> So I am going to put those I'm going to put in um what's it called? stop losses just in case.
So for Bitcoin, we can come in let's say 81308.
It's pretty safe.
81308.
And then for PG penguins, let's have a look.
We'll do 0.011655.
0.0 0 >> 0.01165.
Yeah.
We don't want to be see oil uh we don't want to see oil be coming back up. That is not what we want to see.
Make sure you guys hit that subscribe button. We're nearly at 100 subscribers.
So, we've seen oil uh come up slightly.
So I believe uh this low that we had >> no that was not it. We got we're on a one minute time frame. So, uh maybe this low here that we had. I mean, the point movement is not even that large. Like you can see we're not really moving too much uh from here. This is where we had that low of uh was in profit about 1.2K. So, you see oil is kind of struggling to get that upside.
like ideal scenario. Oh, there we go.
Had a bit bit of a drop there from oil.
Where are we at with Bitcoin?
Well, we'll take that take profit up so we don't get a We're coming closer and closer. We're actually coming closer and closer. 257 in profit on Bitcoin now.
>> We're at 1.3K profit right now. That is where we are currently sat.
>> Let's have a look. Have we got any changes in liquidity?
>> 140 now. So liquid. So the liquidity for the upside of 81.7K has come down slightly now.
>> We are going to close that trade for Bitcoin and we are going to come in for a short position straight away.
Pudgy Penguins close as well.
uh crude oil we will close as well and then for pudgy penguins will also come in for a short position.
Let's go to Pretty good. Pretty good.
So, we do have uh loads of liquidity.
Well, not I'm I mean maybe I'm over exaggerating a little bit there. Uh but we do have about 200 million in the downside but it looks maybe towards about 400 million. Uh the fact that we have uh two blocks. So one block at 81k we've got 200 million and then the other block is 80k which is 177 million. So yeah that is where we are currently at.
Even if we do come in for a push to the upside of that 82k, you know, there's no chance we're going to go to like 85 or 84. So, even if we do get the liquid uh liquidity grab at the 81, uh 70 uh 81,700, sorry, we will still be coming bearish after that liquidity grab.
Watch. Have we got any changes?
Nope.
We're still pretty good. Even if we are down uh a significant amount, I am still expecting that push to the downside.
Right, I will be back in just a second.
Flying through your act forever.
I would love Nobody feel nothing.
I'm the one to be realiz.
last around me.
Put your arms around and tendering.
each other.
Nobody feel nothing better.
I see I feel bad forile.
I see you cryile.
La cry makes me smile.
I feel bad for I go ahead and smile at you cryile atile.
Hey, hey, hey.
All right.
might be. All right, guys. I am back. Oh my days. I've got a 1.1 1k trade for Pudgy Penguins. I am going to close that but I will come in for let's have a look.
Let's have a look. We have dipped.
We have dipped.
What's Bitcoin doing?
>> Rejected from that level again. That's what it looks like. Make sure you guys hit that subscribe button. Nearly at 100 subscribers. Come on. We can get there.
We've only got a little bit more left.
Little bit more left.
Oh, are we going for that liquidity grab?
Not quite.
40 81,658.
That's where he kind of uh stopped.
Yeah, we didn't quite get it. Uh liquidity sits at uh 81,700.
So, we were close, but we did not quite get there. So, you can see I have got that limit order set at 81,700 just in case.
Just in case.
I'm already I'm already in for a short position.
Let's have a look. Poi Penguins.
I don't want to jump in on that uh just just yet.
Liquidity hasn't changed for Bitcoin.
So, we had 200 million in the uh lower range at 80K. Now, we've only got 184, but then we've also seen less in the upside as well. So, now we're at 81,700.
We've only got 140. Before we had about 170, I think, but uh yeah, now we we've got less.
Oh, was that Michael Jackson?
T he >> We're getting closer and closer. Let's have a look at Puji Penguins.
>> Turn down a bit.
So, so, so thing is like it's it's a very uh I'd say it's about a 70 30% chance right now. So, I reckon it's 70% we come bearish and uh 30% we come bullish. So, we're kind of in that space right now where it's, you know, hard to kind of uh predict, but I'm I'm definitely I definitely think we are going to see a bearish move uh right about well somewhere about now. Maybe in the next 5 to 10 minutes though.
>> It depends if we come in for that liquidity grab or not.
The liquidity is not even that big though.
Yeah, you see crude oil is uh came up very uh bullish.
>> Let's have a look.
activists, >> human remains.
>> Does that affect the market? I don't think so.
>> Yeah, this wasn't really a market related. So, announces a return of the presidential fitness test for grade schoolers. I mean, that is very, very, very good.
It's like something you definitely need need to put into an education.
But I mean I mean I'm not going to talk education and politics but if I was like a president let's say I would definitely introduce a fitness test into schools. I mean I had to do fitness in uh fitness test when I was in school. So, and that obviously benefited a lot, but at the same time, it kind of teaches people more about discipline and, you know, pushing yourself because nowadays there is a very very big amount of people that are lazy. But >> yeah, I mean I definitely support that which is uh yeah, it's a it's a good thing that he's doing definitely for grade schools because you know that is kind of a point where the kids don't listen too much. They try to disobey, rebel, all this stuff. But yeah, it's definitely nice to introduce fitness into the whole uh learning what's it called? What's the word?
>> Curriculum. There we go.
>> But yeah, enough about learning curriculum.
Where is Bitcoin going?
>> It's kind of like in a doing one of these right now. Not moving. It's kind of in the same same spot.
kind of in the same spot.
>> Guys, we are one subscriber away from hitting that 100 goal. Come on. I know you guys can do it. I know you guys can do it. One more. One more.
Be greatly, greatly appreciated. We've had an amazing session so far.
Absolutely. This is one of This has been one of the best sessions that we've had so far.
So once we get to that 81,700, we'll also open another short position.
So that is where we have that short position just like waiting there. Um yeah, we will start obviously at the start be in a bit of a what's it called?
A bit of a loss, but then we will definitely be coming in for a profit.
price is definitely not going to about, you know, 72K, 73K. It's, you know, it's unrealistic. The market doesn't do big bursts like that. And, you know, there's not really anything pushing it to do something like that anyway. So, one subscriber, guys, come on. You can do it. I know you can do it.
>> Let's have a look. Budgie Penguins, they are kind of consolidating right now.
So once we see actually uh Bitcoin get that liquidity sweep, we can come in for another uh position on Pudgy Penguin. So right now we'll kind of uh wait it out for a little bit until Bitcoin pushes up to that high. You can see we've had rejection, rejection, rejection, rejection, and we'll definitely come and retest this level multiple times unless we have that further move to the downside, which will still be good cuz we still are in a short position.
So, this short position and the upside is kind of just like another uh profit margin in that case.
So, it's it's another potential profit level pretty much. That's what I'm trying to say.
>> Uh, so if we do get a move to the downside from the current level, we are still in profit. And if we come in for a push, liquidity sweep, and then a push to the downside, we are in even bigger profit, which is very, very nice.
I don't believe we'll come past that previous low, though. will definitely come in for another another retest.
There we go.
>> Right, let's have a look at Puji Penguins actually. Uh, where are we at?
Let's go one minute.
So, if Bitcoin is now coming up for a push, we'll see Budget Penguins kind of do the same kind of thing.
Yep. It seems Bitcoin is pushing again and again and again.
I mean coming in for a long position on Pudgy Penguins is a bit risky.
Let's have a look >> we've got any changes in liquidity.
193 now.
So that liquidity for that downside move uh sorry for the upside at 87 yeah 81,700 is now at 44 million.
That is actually pretty crazy.
That is actually pretty crazy.
So, we'll wait out a little bit longer until we get that push. Uh cuz we are still obviously coming up. Rejected up.
Rejected. Up. Rejected. Three times we've been rejected from this level now.
First one. Second one. Looks like a third one as well. Four. And now five.
My body.
I mean, that's good. Like I said, really, really good. That is very nice, very positive.
Helping me establish the presidential fitness test is something we have been looking forward to doing for a long time since 2013. I remember going to the presidential fitness test as a kid and getting the award as a kid. This will be amazing for our ancient for our nation's future. Very, very good. Very nice. Very nice.
Uh there was something on >> uh there was something on a Ukraine I believe. There we go.
>> Where's PGI Penguins at? Silver's kind of uh not pushing. I mean it's not acting as the same as uh Bitcoin.
You can see gold and silver are relatively the same in structure. Um where have we got? Yeah, Puji Penguin is still consolidating within this uh kind of range. So for Bitcoin, we're kind of slowly slowly pushing up onto that liquidity.
Now we've got say oh now we've got 186 million liquidity at 81.6k some more liquidity is getting added into the market. So, ideally, we could set a limit order at that price uh where we had before, but I don't want to come in for a long position just in case we don't have enough momentum to crack through and get to that liquidity in the upside. So, we'll come in for a limit order at let's do 0.0188.
0.0188 18. Sorry, 18 shot position.
There we go.
Cause it.
Yes, Bitcoin is still pushing to the upside.
So crude oiljam.
>> Seen a drop there.
Seeing a drop there.
>> A lot more shorts than uh longs actually. It's very uh >> it's a bit of a battle actually right now.
>> Bitcoin is still trying to break through that level. Still trying to break through.
>> I believe we will get it. The fact that we have been coming up rejected, coming up rejected again and again and again.
We're trying to break through this level. Like we've tried it here. We tried it here, here, there, there, there, there. Every single time we've been getting rejected and that's what we've seen before as well. So, when we've had a push up against a certain level multiple times, we've seen kind of the same outcome.
So, uh kind of here as well.
So, we've had a push that's I think that's what you had yesterday. Uh this was yesterday's uh trade. So we had multiple pushes, rejected, and then we tried again. Multiple there, rejected, multiple there, rejected, and then we boom pushed through it.
But then it was kind of like a false break, rejected slightly, and then a big push to the upside and we got that liquidity and then we kind of came bearish, but still consolidated within a pretty nice uh price range. So, it's not like too wide. It's pretty still pretty solid. So, >> we didn't have like obviously a big peak and then a valley and then yeah, we didn't we just had a a peak and then just a consolidation up until today where we had >> Yeah, obviously made a high today as well at 8 a.m.
uh of about 81k and then we rejected tried again rejected came down ever so uh came down actually pretty hard then we've been bullish ever since rejected bearish rejected very bearish there so from about 81,600 to 80,800 that's nearly 1k Okay.
>> Ooh, we've got some breaking news.
>> Iran has no chance. They never did. They know it. They express it to me when I talk to them. They have no navy. Totally wiped out. They have no air force.
Totally wiped out. They have no anti-aircraft capability. Totally wiped out. No radar. They have no leaders.
They are their leaders are wiped out.
The whole thing. When I read the papers and said and they say how the how well they're doing, sorry, they're not doing well. That's why you have no credibility. No credibility. The news, the fake news have no credibility.
>> That looks to me like there might there may be uh the war might be over. Iran is looking pretty uh cooked.
Iran is looking pretty cooked. Let's be honest.
Let's be honest.
>> Damn house right now.
>> So, we've still got that rejection again and again and again. Even uh twice here.
Look, all these are the same pushes up until that level. So, I believe we'll get maybe more liquidity.
So, we've got 217 in the downside, uh 186 in the upside.
We're still kind of consolidating within this level. So, Penguins is coming bullish again.
So I believe we will get our sell limit order taken.
I want to know about I'm actually super hot. Last last couple of days have been really hot here. I'm not going to lie. It was a very nice weekend. Very nice and sunny, but yeah, like I was saying, very nice weather over the weekend.
>> But these last two days, so yesterday and today, it's like it's humid, you know? It's It's kind of nice, but at the same time, it's humid and you just I know you're kind of sweaty all the time. Not good.
But yeah, weather is getting better.
Weather's getting better. Trading is getting better.
All is It's all going good.
All going good. But >> yeah, make sure you guys drop a follow on Twitter if you haven't already. Armad does trade.
Let me know you guys uh what you guys want in the description in the comments below. I've got a poll.
Let me know if you want a Telegram trading channel or not. trade. Uh we can do Discord, Telegram, anything.
We're coming closer and closer on that Pudgy Penguins short position.
Bitcoin is still still trying still trying that level.
Have we break through?
Have we break through?
8 27 bump. Bumping it up a little bit more.
Bumping up a little bit more.
Bitcoin. Looks like Bitcoin's broken through. We're very close. Very close.
That is currently the highest a candle has closed.
And that's at 81,639.
That's the highest closing candle we currently have. So, but I do believe we will see that push up until that liquidity. We get that liquidity sweep and then being for a push to the downside.
Uh liquidity wise, we haven't changed.
We still have not changed.
>> Oh, it looks like a fake out. It looks like a fake out.
Looks like a fake out forever.
It's like Oh, we're still coming bullish.
We're still coming bullish.
That liquidity does sit at uh 81,700 though.
>> Oh no, we've got 81,688.
So yeah, pretty much 700. So that's about here. So just below uh that 700.
We're still leaning to that bullish side slightly though. slightly.
>> We're coming for a quick bullish position there for Pudgy Penguins.
You see Bitcoin is really struggling.
It's really struggling.
The whales are now slightly bearish actually.
Uh we did see we've seen a change in the short positions. There's now short sale liquidity. We have got 41 million 41.8 million. Before we had about 50ish uh longs have de uh gone down as well actually we had about seven million now we've got 3.29.
So are we going to get that liquidity sweep in the upside?
That's the big question. That's the big question right now.
Oh, we're coming book. We're coming back up bullish for Bitcoin.
The liquidity is still the same.
140 million in the upside, 173 in the downside.
Not really much of a difference there.
>> But the fact that we've actually tried that level multiple times kind of suggests to me that we're going to get that move to the upside.
I want to be with you.
I love you.
I want to see you.
So, Bitcoin has come bullish now actually.
slightly though. Slightly, >> but we can still see a retest for that level.
Liquidity is the same.
It would be very very nice to actually see that liquidity sweep from that upside because then we'll come in for profit on Pudgy Penguins double actually. So we have a short position waiting at the bottom. Uh sorry, we have a short position waiting at the top.
Uh which is here as so as soon as we'd hit that we would be in that short position there.
Trump Iran shooting at ships with machine guns does nothing.
Crazy.
So, it looks like Bitcoin is still going to push.
Oh, it's it's looking a bit shaky, though. It's looking a bit shaky.
It's looking a bit shaky.
relax.
Yeah, I don't.
This is kind of the support level we currently have. So, if we don't see a move from this level to the upside, we could be in for a further move to the downside. But it seems we've already got a sharp move developing right now.
>> But it's not major. It's not major at all.
>> You see, Bitcoin is still struggling.
He's still struggling.
But you can see how many times I've been rejected. One, two, three, four, five, six, seven, eight.
Crazy, crazy, crazy.
That is kind of why I did come in for that short long position on Pudgy Penguins as well.
But we're not looking too good actually.
That's the thing.
We kind of we kind of need to see more strength from the buyers for you know uh Bitcoin to continue that move.
You can literally see it's dancing on that support level. It's literally dancing on that support level.
See buy is coming in now. All green.
140 mil. It's not much.
You see price is struggling. We are struggling. The buyers aren't stepping in.
Yeah.
Let's go.
So, I reckon we're just going to wait it out for now until we see a break in either the upside or the downside. I've kind of got a feeling it's going to be the downside, though.
We haven't broken this structure yet. As you can see, the price is still within this uh level.
If we get a break, then yeah, we could be in for a move to the downside.
Let's have a look.
0.018 27 Yeah, I mean it struggled there, struggled there, but we've had a bigger push. Actually, this push is obviously bigger than this one.
Uh so the buyers aren't actually uh letting that price drop below this key level currently.
But it's kind of strange the fact that we you know we're just dancing on this uh support level.
Very strange. Very strange indeed.
So, I do have actually my uh Pudgy Penguins trade at the top end. Now, I've increased the uh Hello. Hello. I've increased the uh obviously risk because to make up for that loss that we just took. I'm good.
I'm good. How are you? How are you, new user? Yes, I see. I see.
How are you finding it? How are you finding it? Is it good?
Uh, are we going to break that structure?
We're still We're still okay. We're We're borderline okay. No, we're not.
Question is, is that a fake out or not?
>> I don't know. We're getting weaker and weaker.
We are getting weaker and weaker.
Maybe the uh maybe it's a little bit delayed. I apologize if uh we're slightly delayed.
Yeah, that's what it looks like anyway.
Oh, no, it's not.
It's It's looking very very un It's looking very uh very uh not good.
Very not good. Great English. Very not good. So, what have we got?
The US and Israel coordinate efforts to resume strikes on Iran.
Price is still kind of within a range like it's it could still be a fake out.
It could still be a uh fake breakout.
So this is currently like a key level we are trading in. So if we get these levels drawn, it could look something like this. So the resistance is obviously uh at the top that's what we have. We can't seem to crack through this level at the top.
So, we're still kind of within the level. And right now, what would most likely expect?
Oh, it's fine.
Yeah. Well, most likely expect is a sharp move.
So, a sharp move for Bitcoin won't be too bad. we're still in a pretty good position even if we are down one to 200.
So if price does come uh back up to like 70, you know, if it does come back up to 81,700 or even 82K, we are still pretty good cuz I'm still expecting that move to the downside. So, welcome back. Welcome back. Yeah, I mean Bitcoin's kind of being strange right now. is just sitting in this level.
It's like we we're kind of in a push for a downside, but at the same time, I don't know. I don't know. It's It's weird. It's It's strange.
Buyers are weak, but then they're not weak enough to let the price go past this level. You see, price is bang, bang, bang. It's bounced off that level very, you know, numerous times.
numerous numerous times.
But the fact we have some uh consolidation within that range and it's very tight as well. Like there's there's not much movement.
So the move I'm expecting could be very sharp.
Have we got any changes in liquidity?
No. No, we haven't.
No, we haven't.
>> Yeah, I mean, Bitcoin is kind of >> Yeah, it's kind of just uh playing around within that range now.
So that's our sell limit order we have for Pudgy Penguins.
We'll se we'll actually set the uh take profit as well 0.010225 0.01 0 225 0.01 01 10 324 10 324 9K I feel like that's a bit too crazy.
I mean, that's all in a day. Like, all of this is a move from a daily level.
Like look, we're looking at a daily time frame and Pudgy Penguins is up 15% today. That is a very large amount.
Now, where is Bitcoin? Bitcoin is kind of still in the same range. Oh, no, it's not.
Are we going to catch that?
I could be in for an easy 2K trade here.
>> Maybe even more.
Ah, we're going to get a fake out. We're going to get a fake out from Bitcoin.
Looks like it.
Where are we at liquidity wise?
Nothing. We've got 161 million liquidity at 82.3K now though, which is pretty good.
Let's have a look. Is this a fake out or is this an actual move?
might be an actual move.
It kind of depends on this area. If we do come back up uh kind of within this level, then we'll most likely see a push back up to the upside. If not, we'll see a continuation to the downside.
Currently, it looks like we are in four Kind of hard to tell.
price is struggling to get back within that level though. Um, we've got 41 million in shorts as well. So, I mean, it's a pretty big drop though.
a series of questions.
I am just living.
I mean, Bitcoin is really struggling to get but uh get up to the upside.
So if we look in a minute time frame, we're not seeing too much. We're looking 15 minute. We may even see >> a move down to this area.
So we need to see this move coming lower than this previous low. That'll be very very nice.
But the thing is like when trading is very sometimes it's very very unpredictable because from this area here we could have got like uh some squeezing in this bottom level and then either obviously we could have got a push to the upside as well and we could have got that liquidity grab but liquidity was kind of uh kind of seeping out at the time. So yeah, we had a bigger push to the downside.
Am I going or trouble you in the direction of your dreams?
spend too much time thinking.
>> So, we have a big move to the downside and now Bitcoin's like, "Oh, I might I might go back up. I might go back up."
>> Cooked.
So 108 173 million liquidity actually two chunks of it in the downside 80k and uh 79.9k so it may even come down to 80k >> I mean we did come to there uh to that level at about 4:00 a.m. yesterday. So in the night time we did come to 80k.
>> Yeah. So I believe that push for that upside is kind of maybe gone now.
We were so close to it. Like look how close it was. Rejected here. Rejected.
Rejected. Rejected. Rejected. Rejected again and again and again. And the liquidity was only like what 100 points away.
Like you know the distance is not big for well especially for Bitcoin. Bitcoin moves thousands maybe even well sometimes it does actually it moves thousands of points a day like some days it does some some days it doesn't. Let's have a look.
So daily time frame.
So from this day let's uh let's go here.
72,000 68,000 that's only 4K or I think it's like roughly 4K maybe even five high impact do we have any high impact uh Donald Trump said he would discuss the Iran war with Chinese counterpart Xi Jinping Xi Jinping that is like an actually like a cool name I mean I don't know, maybe it's not so cool, but I think it's pretty cool. Sieging ping, that sounds, it just sounds nice. Like anyway, uh join their summit next week and sort to downplay tensions over the conflict.
That is kind of good for the market, I guess.
Bro, so we've seen that we've seen that move to the downside and now now we're kind of maybe seeing a move back up to the upside.
Kind of sus, but okay.
Hello. Hello.
What is going on?
So, is that news going to actually impact us >> in a pretty bad way or what?
>> Like, why have we just suddenly done all this?
That's my question even though there's no move. I mean, there's a slight slight slight move for Bitcoin.
So, I mean, trading puny penguins is a bit crazy sometimes.
supposed to say it. Say it.
We seem to be struggling to come up to that previous high though. Maybe I spoke too soon.
Maybe I spoke too soon, bro.
Nah, Bitcoin is actually a joke.
It's actually a joke sometimes.
I love you.
Say it loud.
I mean, we've not come past that previous high, so we could be in for a further move to the downside. So, let's have a look in the five minute time frame.
Yeah. So I mean if we came above this here then we could have been in a bit of bother.
Ideally we could have actually waited a little bit for this kind of retest uh this rejection or whatever it is and then a further move to the downside. So ideally we could have come in for a short position approximately there but uh we are still looking for a further move to the downside.
What does that interest?
Give me that.
Give me that.
Bitcoin is now coming in for a push to the downside. Pudgy Penguins is kind of lagging a little bit. We'll see it drop uh in a couple minutes.
That's what it normally does. We see it like uh we see Bitcoin either pushing or coming obviously bearish and then uh Puji Penguins kind of follows slowly after.
We're nearly at that low that we created from that dip.
Yeah. So, we failed to come up to this uh level as you see and hold it.
>> Let's have a look wise.
Nothing has changed.
140 million in the upside. Uh 173 at 80K.
80k is all the way down here.
Yeah. So 80k is the uh support level actually. Oh no it's not 80k is or below uh so it's just at the support uh resistance level actually. So right now we are actually through the resistance level. So like I said 80K is that resistance level. So we had 70 78 to 80K was that resistance level. So as you can see that level here. So that's resistance but we've now been uh trading through it for several hours actually.
Reload.
Let's go.
>> So, we've been trading above that level.
1 2 3 4 5 6 7 8 9 10 11 12 13 14 about 14 hours now. So, that's uh nearly that's more than half a day.
So, I've actually come past that previous low now. There we go. Pudgy Penguins has followed followed through.
Ideally, we need to make about it needs to be roughly another K profit on this trade to make up for that little uh little mistake we made before.
I think if we actually kept it, we would have been in slight profit even like 200 or something like that. So, profit is still profit. Heat. Heat.
I'm sorry.
I reckon we're seeing the same thing we just saw. So, judging from that last dip, I'll most likely see a move back up and then a continued dip. Well, before some consolidation of course. So we saw that dip reject uh connoisseur the resistance back up consolidated bullish and then boom again. So we'll most likely see that same thing happening now.
So we are still in profit but we obviously want to get the best out of our trades. So we are going to stay in regardless. Um So we are dipping again.
>> So we might even see a uh stronger move to the downside.
We're seeing the buyers pushing back though.
Wales are now very bullish. Mid is neutral. Retail is also neutral.
You see Pudgy Penguins? We're down 200.
Watch. In a second, it will be We'll be up about 300.
So, down now we're down 30.
Sometimes sometimes it does lag out a little bit like uh obviously not Evex itself but uh the market for pudgy penguins sometimes it's a little bit delayed so All right.
I mean, we've nearly hit take profit for Bitcoin, but Pudgy Penguins is a bit, I don't know, sleeping or something.
Yeah, Bitcoin is looking very bullish.
Uh, sorry, bearish.
Are we going to come to 80K though? That is the question.
140 mil 150 mil at 82.3K actually as well.
>> This is my [ __ ] dream.
>> So that's 300 profit for Bitcoin.
I am baby Where are your baby?
Anything you want to do? I am So now Wales are slightly bullish, mid is neutral, retail is slightly bearish.
Yeah, like uh short there was 40 mil, now there's only 37.
Uh long as we see, we saw about 7 million, I think.
So currently I don't know Pudgy Penguins is kind of I don't know sleeping right now.
We was we was expecting that push to the downside the same with Bitcoin like and that is ex Oh that's that is exactly what we normally see but for some reason it doesn't want to listen.
I am going to try.
You want to try?
I am.
I don't know.
Yeah, nothing too much newswise.
Not sure if we're going to get a push lower actually for Bitcoin.
>> Um, >> I am going to keep that Puji Penguin trade on though.
Let's have a look.
The US has announced projects freedom to guide ships out of the uh straight of Hormuz has weaponized the Iran has weaponized the waterway and what needs to happen for it to open to reopen. That's not good.
What is What is Pudgy Penguins doing?
Honestly, >> being so silly. So silly.
What did we just have? Not this. Not this. Not this. Not this.
Uh, not this. Not this. Not this. And not this.
Let's have a look.
Oh, this >> that's late. That's late.
>> That is late.
>> All right, let's have a look.
going crazy.
I'm crazy.
Oh my only.
>> Not bad. Not bad.
I'm seeing some resistance there for Bitcoin. Actually, looks like it doesn't want to come uh come down to that level.
Still got that uh liquidity at 80K.
Pudgy Penguins kind of looks to be on there. H kind of but not kind of.
Ideally, we want to see it come below our entry price.
I am expecting a bigger push for Bitcoin though, maybe even up until 80K just, you know, maybe towards the end of the day. So maybe we're looking about, you know, 9:00 p.m. 10 p.m. 11 uh to close the day off, we come below that resistance level that we had at the top.
No.
>> The first full body.
>> No.
What have we got? What have we got?
Washington may resume its military operation against Iran this week. Axios reports the US says the ceasefire remains in peace. But according to Axio, Donald Trump could restart hostilities as early as this week if negotiations stall.
Meanwhile, the situation uh in the Persian Gulf is deteriorating.
Since the start of the operation, at least 25 vessels have been attacked by Iran with dozens of suspicious incidents and seizures reported. According to the UN, 10 sailors have been killed and there are seriously injured. Around 20,000 seaf farers are unable to leave their ships in the Persian Gulf due to conflict and the effective closure of the Stra of Hummus. The UN the UN describes the situation as unprecedented crisis not good. Oh my god.
Pudgy Penguins is literally not doing good.
We need to see a continuation for Bitcoin and then we'll most likely see Pudgy Penguins dipping below our entry level.
Currently, it has spiked up quite uh quite harsh.
You're love.
There we go.
I'm not liking this. I'm not liking this at all.
I feel like we have to see a stronger move from Bitcoin to actually be within a nice level to actually exit Pudgy Penguins though, which is not good.
Right guys, our session is coming to an end.
So, make sure you hit that subscribe button so you don't miss out on the upcoming videos. I'll update you on this trade.
So, I updated you on yesterday's trade, which was a nice 1K profit. So, we've been profitable for 3 days. We're still profitable right now even with this uh bit of nasty uh Pudgy Penguins trade. So yeah, I will keep you guys updated with all the trades. So hit that like button be greatly appreciated and I'll see you all in the next one.
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