Bitcoin market update up or down??????????

[00:00:00]All right, welcome to this quick update on BTC. So, we're just going to have a look at the price action of uh BTC. Not really much has happened. We're still back in the same zone as we was like a week ago.

[00:00:16]Um we're struggling to break above this uh value area high to reclaim that for a continuation up. uh we attempted so many times over the weekend, yesterday um and also last week as well. We can see that there.

[00:00:36]Now, if we can't get over this value area high, it's more likely we're going to come and test this PC and come all the way back down to fill this volume profile range that we're in.

[00:00:52]But there is a few scalp trades available on BTC.

[00:00:57]Um, and we'll just go to lower time frame.

[00:01:03]We can see that the the more times we actually test this zone here, which is the value area high, the more likely that we're going to actually break above this. But we're not there at the moment.

[00:01:22]I personally think that we are going to head lower um because there's a lot of big support underneath us. But how we get there is a different story. We may come back up and test some levels which I'll bring up on the screen.

[00:01:42]So we have our daily VWAP here. So there is a mean reversion trade currently at the moment.

[00:01:52]And if we do reclaim previous day low and reclaim this VWAP, there's a good chance we can come and test the weekend highs and also PD high as well.

[00:02:05]But we need to flip this as support.

[00:02:08]So the moment we actually flip that as support preferably on a I would say a daily time frame is when we can look for higher prices. So very nice trade here to continue higher small stop-loss but that's only if you reclaim uh this level on a daily basis.

[00:02:38]Until then, this is Topium. We do have a naked point of control below us. So, I will be looking for a trade here into the VWAP or possibly higher. So, that's one long position. And I'm also looking for a hedged short.

[00:02:58]And that short is going to be the rejection of PDEQ because we do have some single prints in here as well.

[00:03:09]and to take that lower. So, I'm looking for a head short as well. Well, depends what New York does.

[00:03:17]Now, looking at the uh inflows, we did have some inflows on uh Friday.

[00:03:23]So, that's a good thing.

[00:03:26]But I do think that this move here is being engineered. And we have a lot of earnings this week which could be good earnings which could send all the stock market up and BTC will follow.

[00:03:41]So those are some trades I'm looking for. There's another trade available as well and that's going to be the most obvious trade which is if we do come back down to the 615 level. There's a trade there as well.

[00:03:56]The only short, like I said, will be there because if we do break above here, then it's more likely we're going to come and take these highs and the just go to a higher time frame and these highs and these highs as well.

[00:04:17]But when we're looking at scalp trades, uh, day trades, there there's been plenty of trades in this in this zone.

[00:04:24]It's just you can make a lot of money in this zone. I'm going to show you very quickly.

[00:04:29]So, these trades that were taken yesterday.

[00:04:33]Uh $600 there. Same on Pinex. Another Pinex trade.

[00:04:39]Another BTC trade. Another Pinex trade.

[00:04:44]So, these were actually done yesterday in the Asian session. And this was done without looking at the charts. So, this is a new um AI system that I have and I'm testing with a few traders at the moment. Will be released to the public soon probably in a week's time. And there was a video coming out on this as well. We can see that uh it's very very good this AI because it works on orderflow. So, it actually works in orderflow and it covers uh BTC, it covers also old coins as well. So if we have a look at the um let's just have a look at this setup here. Let's click on this attachment.

[00:05:26]See what why. So look direction bullish.

[00:05:29]That was the price that we were currently at. Uh it tells you about the MM levels trapped longs trapped shorts longs in who's in control. That's what we need to know. It was a scalp position. There was your entry and there's your exit. 651.

[00:05:47]This is done live by the by the way.

[00:05:49]This is done live. So it's actually done very it's not given it's not a pre-trade. It's done actually live was given live at the Asian session.

[00:06:00]And we can see our entries are very very close to that.

[00:06:08]Multiple entries.

[00:06:12]You can see here there's multiple entries and the exits. So there is actually a couple of videos I'm doing on this. We are tweaking up a few things because there's also the AI monitoring system as well.

[00:06:26]Uh which I'm going to do a separate video on and this is available in all languages you know Chinese, Spanish, etc. Now if you want to join the discord it's very easy to join the discord. It's free at the moment.

[00:06:42]Um, you can go over to Pinex, the links in the description below, deposit your trading funds. There's no minimum amount, there's no maximum amount. Links in the description below and we'll let you in. And also, if you want to be trading on Bluffin, uh, we can let you into the, uh, discord as well. Now in the discord itself we do have courses in there and I do teach autoflow free as well and a few traders are in there currently at the moment testing the AI system. I don't want to say too much about that at the moment.

[00:07:17]Um but there is a separate video coming out on that. Now if you are trading on Bluffin they are doing a fantastic offer.

[00:07:26]So deposit 100 get 20 deposit 500 get 100 deposit,000 you get 200 features deposit bonus. You also can make use of our AI AI system which is in test in beta testing at the moment and I'm just tweaking it as we're getting feedback from the traders. But there it's quite an intelligent systems work based on orderflow uh my own orderflow software which I will be releasing later on this year as well. Like I said, I don't want to say too much about that at the moment. Um, that's a separate video coming out sometime this week.

[00:08:05]And if you want to be trading on Pinus, they're doing up to $1,000 uh deposit bonus. Go and check them out. Links in the description below. There is a video coming out this week on futures trading bots and some custom strategies that I built that will be available inside that Discord as well.

[00:08:23]Let's get back to the TA, shall we?

[00:08:26]Right. Okay. So, let's just have a quick look at order flow.

[00:08:32]Okay. So, we do have Let's just flip that like that. So, we have some imbalances above us. Okay. There's also a single print here as well.

[00:08:46]Poor low we have over here. Have some poor highs as well.

[00:08:51]Uh let's just bring this out. So we've actually lost that value area low.

[00:09:00]We're actually sort of bouncing off it.

[00:09:02]That was from Saturday. But let's just have a quick look at the the weekend low is where they are.

[00:09:11]Friday uh snapped on those. Okay. So, we did actually take them, but we also have this low here, which is a poor low. So, it's quite obvious price going to come back down here as well. And then the other level, and if we have a look at that, that's going to be 627, right? What was that? That was 625.

[00:09:39]Okay. So, the value area low is 627.

[00:09:42]Okay. And that's also where this naked point of control is. and this point of control as well.

[00:09:48]So there is a possibility we can come back up retest for a continuation lower. So we'll be taking my game plan is very very simple and it's is orderflow dependent. See a rejection here. I'm going to take a short all the way down there. Um because currently I am long at the moment from a lot lower but I'm also looking for another long as well. Uh, I want to be hedged against two of my longs that are from one I think one long is from 60,600 and the other one is from 59. And obviously I've been scalping as well, you know, um cuz that's the smartest thing to do. You scalp you scalp the ranges and then you can buy Bitcoin when it's cheaper. So there you go. Now, if you want to learn how to use orderflow, there is a course in the discord free, but I do teach it. I do a monthly webinar as well, but you need to be trading on Bluffin or uh Pinex to do to get access to that Discord.

[00:10:53]Okay, so single print here. We can come back up to fill that. Um, in fact, what I'm probably going to do, oop, sorry, is I probably will Yeah, I just taken a long position at the moment. Very small position to take it up. Um, haven't added a stop loss because I'm monitoring the position itself. So, that's all I have for you today, guys. It's, you know, a bit of a messy situation. You can see clearly we're developing our M formation. We are going to come back probably and take out all of this liquidity. So quick scalp up to the VWAP, possibly PD high, scalp short to take out this liquidity here.

[00:11:38]Once you take that liquidity out, we we'll see what the price does on order flow. Are we basing out? Are we going to get buyers in? What type of order flow does it look like? You know, I don't blindly just take long positions and, you know, give signals like that. I rely on order flow. I personally think that we will come back down into this region here. You know, it's just that I don't think it's just going to drop down. I think it'll go up, trap some long positions for a continuation lower. And if I'm wrong, I'm wrong. I'll still be in profit on this trade. You always got to have a game plan. And it is orderflow dependent. Order flow changes everything. Right. So, that's all I have for you guys today because I've got a couple other videos coming out today and more importantly about the AI system that I have built and some softwares that can help us trade and navigate through these Tetris markets. Peace out.