Is This Bounce A Trap? Time To Get Ready (Altcoin Buys)

Hello fam. Hope you guys are good. Okay, so we actually had a second drop yesterday. Nice Bitcoin bounce. Now today I want to speak about is this bounce real, right? I see there's a little bit of liquidity that the market's hunting and I am going to slightly move to the side to say hey let's look and let's give a benefit of doubt that maybe this bounce is actually real. What do we want to see happen now in that time? A bunch of my alcoin limits orders got triggered yesterday. I want to go through them. I want to go through. I have taken a little bit more of alcoin positions on the dump that happened. And like I said, I'm being patient with limits orders low down. Okay. But at the same time, right, a lot of my limits orders got hit one and two, some of them, right? I'm still sitting with this one down over here. Okay. And I still want to highlight to you that if we don't break through another level, we must still expect a possible another leg to the downside. But at the same time, I will be giving the bullish views to say, "Hey, from here we go full bull." So guys, do me a favor, smash up the like. Day by day, we find the entries. We're just being patient in the choppy stage to get our entries for the next rally. >> And this is what I get. I [music] try and fight the devils, but inside I'm just like, >> bam. How we doing, guys? Again, like up. I want vibes and likes to go up. So, I need you to like up the video right now. We are the guys that have been saying, "Hey, let's wait for a pullback." Right? We are those that were speaking around 58k. Hey, let's start deploying into the markets. Right? And again, for me, the important thing is we have one successful cycle and your life changes, right? That's what we do. We fight, fight, fight to get the perfect cycle. Um, and so far we on good rhythm. So, smash it up. Smash it up. Let's jump straight into it and let's go through this. Right. So, couple of things to pay attention to. I'm glad we've been patient with some old coins, right? Some are looking still a little bit strong. I see render still looking good, but overall, right, nice pullback even though we've seen a bounce in the market, right? We still seeing Casper down 9%. Right, we got AVAX down around 6%, Nia 11%, Olgo down, right, we've got lighter coming down, Ono coming down, right? Many many tokens are starting to put in. And again, what are we looking for? A big double digit red day. I want to see 20 25% 29%. I want to see that and that is my trigger point of me catching a shakeout after a bull leg to the upside. So, first thing I want to show you guys is the liquidity, right? It's important. So, let's go through where is my uh liquidity? There we go. Okay, so as it stands, right, this is what the market could be hunting right now, right? This is a Bitcoin uh liquidation maps, right? There's a bunch of liquidity sitting over here at 84,400 all the way up to 85,000. Okay, so yesterday, like I said, a lot of the liquidations were starting to to to kind of disappear. As the market dropped, shorts came into the market. Now, we have liquidity sitting over here. We've seen a bounce. Okay, now the important thing is, is it going to just hunt the liquidity and continue down? Okay, or are we actually going to use that liquidity as a squeeze to possibly get us back to the upside? That now brings us to the charts, right? Let's jump in over here and go through the Bitcoin plays. So, this is what I'm seeing when it comes chart side of things. Okay. Is we are still sitting with a very long trend at the top here, right? One that we've hit many many many times. Basically saying there's a wall here between this 8788,000 and we also know there's more resistance at $90,000. Right? So we're still sitting with all of this. So what we're looking for is we're looking for fuel to get through that level and not only get to that level, guys. We don't want to see a pump that goes from here to 90,000 and comes all the way back down, right? What what's the point, right? That's what we rather just wait for for areas lower down. What we want to see is we want to see a pump from here make its way up to the areas of $100,000. In order to do that, we need a accumulation phase, right? Very similar to how we accumulated in this area over here to make that wave, right? How we accumulated this entire leg here to make this wave, right? accumulation inside and chop with stages creates the the accumulation right of positions shakes out the weak hands flushes gets the market oversold and then gets it to a point where liquidity is sitting at the top and we push through to the upside. So again, if I look at the current market conditions of where we are right now and as this market chops around here, how much fuel is this, right? If I take a simple line, it's a simple method of just saying, hey, let me pop a nice little line here. Okay, let me draw the result of that line. As it stands, this amount of accumulation that we've seen is enough power to get to 90,000, right? But at the same time, I now zoom out and I look at this and I'm like, ah, but 90,000 ain't really where we want to be, right? We want to get through 90,000. So again, if I draw this trend of where where big resistance is in on the market right now, right? And where the previous bull leg support was, right? 90,000 is slap bang into it, right? So I want to I want to have more power to get up, right? So again, it comes into the conditions of looking at RSIs, right? So let's go through a couple of them right now. As it stands, 4 hour is making its way up, 8 hour is at the top, 12hour is midway, daily is around the bottom, right? Then we have weekly sitting at the top. Okay, so what that means is very likely there's going to be legs to the downside. Okay, there is an opportunity of this RSI possibly turning down and going up again. Okay, but there's also a possibility of this moving down. Now if I paint the story and I look at it now I say okay so what we need to see right if that weekly wants to come down we need to see the daily accelerate okay what I mean is put a put a leg down we then need to see the bulls come and step in put a leg up right and if we don't get through here there's very likely going to be another leg down right and we know that all big supports are sitting down in these areas over here okay if I want to see a possible shift and say we're going to go to the 100k I would I'd like to see us hold and maintain these areas. Get the RSI a little bit down. Right. So, let's just clear this up over here. Right. Get this RSI. Did I delete the whole RSI? Bring the RSI back in. Okay. Get this to start popping down a bit and then we start moving up again. That does do that sometimes. Here we go. Perfect example. And it can happen in bull markets too, right? A shakeout. Okay. And a move. But again, I want to highlight to you. Look at the length of the shakeout, right? An an area of easily six weeks. We are only sitting here maybe 3 weeks, right? So, this can still take and what I'm saying is I am going to be patient and stingy for my buys, right? To say that, hey, we can get this this this uh um scenario, right, of us still possibly coming down over here. And for as long as we're still sitting with this wall and this RS at the top, right, I'm going to only catch big major support buys that I want to pay attention to. So, let's now go through the plays. The first one is this bounce is fake, right? Here's it over here. Bounce is fake. And I drew this up. Okay, yesterday I actually tweeted it. Right, this actually might be a little bit tighter. It might not take this long to kind of play out. Okay, but this is what I had. I said, okay, I drew this line over here. Okay. And I'll show you guys quickly over here so you guys can see it. There we go. Okay. There's the tweet over there. Okay. To say, "Hey, bounce up." Okay. I got the bounce up there to the areas of that 84 85,000. Right. Drop which we've maybe seen. Now we're pushing up again. Okay. Just to take you back here. So, here we go. Right. Something like this is still the trap that can come into play. Okay. We push up now. We don't make a new high. This could even extend up to 86 if we don't get through those tops over there. Right. And we see another ejection. This can still come into play. Right now the next thing over here is to speak around you know the um the tools here right of what we're seeing right now on the short time frame. Look, the problem that we're still seeing right now, okay, is you're sitting with the mid-range, right? I swear about mid-range many times. That's bears of control over there. And after that, your next area is over there. Then what you also have is the big trend line over here. Okay? So you're sitting with resistance here. You're sitting with resistance here, here, and up there. Three resistance points. Okay? When it comes to support right now, it's quite clear this was a good bounce. I like the bounce, right? Not only that, I want to see there's some volume. Little bit of volume, right? Not as much before last time come in. Okay. But a bit of volume spike coming in over there. Let's see the daily. Was there any volume spikes? No. No real volume spike. Right. So, we got to be careful that this is not a fake liquidity uh bounce that we seeing. Okay. When I come back to the liquidation maps, you can see that it's highlighting here close to 85,000. Right? If I highlight to the chart, okay, it's highlighting to me this one over here, right? That market actually might want to push up there. And then if it doesn't get through there, we still got to be patient for the lower targets. Again, we got 80,000 and we got these these areas over here of the the 70,000 area. Now, what I want to pay attention to here, I want to go through a couple of tools here which are important. When I see a bounce and I want to see that the bounce is basically um real or is there any traps are into play? I want to see the RSI. Okay, so we have a lower high here, lower high on chart. Okay, so no bearish divergence in play just yet. That's a good sign, right, that we're seeing over there. Um is there anything on the higher time frames? Okay, no bullish divergence on the bounce just yet. Okay, so market's kind of neutral when it comes to divergences. So now we just have to allow the market to kind of um candle by candle come through and and play out. So again, this is the first play I want you to to just be aware that could happen. Okay, this one over here to come into play. Okay, then I want to speak about the other scenarios where we actually hold this level. So if I look at where we bounced, okay, and I draw this up here and I say, "Okay, cool." Firstly, we hit the we didn't hit the 618, right? We hit the 0.5. It's a decent um Fibonacci zone, okay? But we must still remember that there is this support over here, too. So, the market might actually not want to go down to the to the low 70s, okay? But it might actually want to play into this range that I was speaking of of really accumulating, right? Giving us some more distance here for a push. Now, I don't need the accumulation to be long enough to get us to 100,000. No, I need it to get us clearly through 90,000. After that, hype is going to happen and the market's going to to explode and everyone's going to want to know about crypto again. That's all we basically need, you know, the this next move to get us to, right? So, this is one that comes into play here, too, right? To to to see a bullish scenario from here. I need to see us rip if I must be honest. Then something like this, then we can look for some more opportunities over here. Okay? But with all of this being said does not mean that I'm not buying, right? I'm also just prepared for these plays. So here's my altcoin play still, guys. This is still my idea on altcoins, okay? That there's still another easily 10 to 15% lower, right? And from there, I see CC see markets coming into big strength, right? Big trend line here that I want to highlight. There we go. Okay, so this is still my idea when it comes to alts. Okay, and I don't see it being bullish just yet for now, but that's what I'm patient for. However, I spoke to you guys around these supports over here, okay? And I spoke around these supports over here. So, basically, what I'm saying here is this is a alcoin accumulation zone. At the same time, like I said, I'm only going to go in around 60 70% in this area here. I am going to keep cash in case there's a worse scenario that comes out. And what I mean by worse, Bitcoin drops off to 71 72, right? We might see this dipping a little bit lower. We'll see as a plays. So, that gets me now to the buys that I've been setting. I've been giving them to you guys, right? One that didn't trigger, okay, is Ethereum, but I'm keeping it in, right? So, I still see two limits orders on Ethereum, right? Just under 24, right? And 22, right? 2220, right? A couple of them did hit, right? So, my second Salana position has hit. So, I'm going to be very clear, guys. I'm buying Salana. I'm buying Ethereum. I'm buying Chain Link. I'm buying Injective. I'm buying AVAC. I'm buying Suie. But, I'm buying them on limit orders. and I'm waiting for better prices to get me a good average entry buy. Now, the whole key with what we're doing here with an average entry buy, right, is basically looking at this entire leg of altcoins here, right? And basically making a placing a bet, right, on where you think we are in the cycle. Okay? Do you think that we are here in the cycle? Right? If so, what I'm doing is I'm lading in a bet for the next leg. Like I said, that's the play for me. If I look at altcoins as a whole, right? I look at this very big wedge, right? I look at this and I draw this all the way up here, right? And I see this very big wedge coming into play here. Okay? So, what I'm looking to do is alt seasons or alt rallies, you're looking to accumulate them near supports, right? And you're looking to offload them near resistances. Okay? So, if I look at this now, I do believe it's a breaker structure. I do believe it's a first weekly new high. Okay? Which means that what I'm doing is I'm looking now to accumulate a position for the rally up for the next leg of the phase. Right? There's usually three legs to these phases. So when this comes in like this and I've seen this push down, I do have to know that okay, the first scenario is that here's support and we hold it. The second scenario is we come down to the main 618 and 786es down over here. So what I'm looking to do is I'm looking to buy in this in total area over here to give me a good average entry price for the cycle. Okay. To say that if I buy some here and I buy some here and I buy some down here, right? Overall, my average entry price will be over here. That's what I'm looking for here. That's why the lading system for me is quite important of what what I'm looking for. So, am I in another Solana position? Yes. Do I have one more sitting down at 96? Yes. And do I have cash if we go down to 90? Yes. Right. How do you have cash on? I'm just not deploying everything right. But yes, my second limit order has hit. So again, I want to confirm first order at 108. Second one at 103. I have one at 96. And there might be a cheeky one at 90 9293. Right. Chain link. Did chain link hit in my limit orders? No. Close. Close. I'm still waiting for 1195. I'm still waiting for 11.1 and possibly okay the the latest to mid $10 marks. This one hasn't hit yet. I'm patient. I don't have any reason to go full FOMO just yet. I'm patient with my limits orders. Right. Did my XRP one hit? First one has hit. Yes. There's another one at 1.29. And there's another one at 1.22, 1.23. Right. Did my Injective hit? The first one did. Okay. Second one. This one's looking aggressive and strong. Right. So, let's see. I'm going to give it some time. I might have to ladder into this one a little bit later. Okay. Injective is looking very strong. We are close to my first AVAC entries. Okay. So, again, 9.6 6 9.1 are my AVAX entries. Suie, it hits again 1.1. There's an entry. Another entry at 93. And there is one more entry lower down and again, right? Yes. So, this one's really good. 9293. That's kind of what I see the market doing, right? Another push down here and then we start rallying up, right? And then there is a scenario of some support down over here. Okay. But is it time to start getting a little bit of sooie? For me personally, yes. Right, in these areas where I'm buying Sooie, right, guys, I'm I've been bearish to get bullish entries and that's all I'm patient for. And as we look and give it time, our limit orders are starting to hit. That's what we want to see. Can I see likes up for that because that is being patient for some buys, right? Again, keep it super clear and I want to make it super clear on my side, right? That I'm lading and I'm not going all in. I'm keeping a little bit of cash, right? Just making that that that super super super clean. Um guys, again, any buy bit links, if you trade 100K in volume, you get a spin to win the new Duo iPhone, right? Anyone that's looking for an exchange today, a good exchange to trade on, okay? Is two bits linked below in the description. You'll see them in the description. By using my link, you get this bonus over here, right? You deposit and get a 20% rebate bonus. Put $100, you get $20, right? you put $4,000, you get $800 of trial funds, right? Money that you can trade with and keep profit. So, again here is is the specials over here. You guys looking for any exchanges? Um, okay. Let's jump back in over here. Okay, E dominance. Let's see if any other coins are okay. Filecoins bouncing a little bit. Okay, guys. So, I'm going to keep it nice and sweet and short right now. I do think, okay, that this is still a play. I don't think Bitcoin's hit the resistance yet. I do think it's at 85,000. We'll see. Okay, but this is still a scenario to pay attention to. Another scenario, okay, is this one over here, not the bullish one just yet. I'll turn bullish when it's time to turn bullish, right? At least we're starting to accumulate our old coins, okay, is something like this. Then we start rallying up. Couple of things to pay attention to, right? If you look at the dollar, right? The dollar is sitting over here, okay, and is going to come into support zones. We might see a bounce in the dollar soon. Which means you go look at markets. Gold is at resistance, right? You go look at the the stock markets, right? You look at the futures, right? Coming into resistance. There's a chance we can break out. Okay? But there's a very good chance that we can reject and go down, right? And not only that, if I zoom out and look at where supports now, support is sitting down over here. Okay? So, we might see a 4% drop down in the in the in the in the futures, right? All right, if we look at the US tech over here, this for me, okay, is uh let's just zoom in here to show you guys what I'm seeing. Okay, there we go. Look at this. Right, if I look at the NASDAQ, bearish or now, do I have right to wait patiently down and be patient for our buys? You are damn straight. Lots of love, guys. Thank you for watching. Bye-bye.