BUYING??? (BTC SOL ETH NVDA TSLA...)
Summary
TLDRThe video discusses the current state of Bitcoin and other cryptocurrencies, highlighting key support and resistance levels, and market trends. It emphasizes the importance of trend analysis and market structure in trading. The presenter also touches on the performance of major tech stocks, noting opportunities and risks. Additionally, there's a discussion on the challenges faced by Tesla and the potential of its other business models. The overall message is to be cautious and strategic in trading and investing, leveraging technical analysis to make informed decisions.
Takeaways
- 📉 The Bitcoin chart is showing a bearish trend, with minor support at 6,725 breaking down and turning into resistance.
- 🔄 Yields are reclaiming support, and if they start to rise again, it could be negative for Bitcoin.
- 🌟 Despite the bearish outlook, gold still stands out as a positive asset, with the underlying trend being a useful tool in tech trading.
- 🔑 Support and resistance are crucial for understanding market structure and determining entry points for trades.
- ⚠️ The breaking of support and the conflict between horizontal support/resistance and the trend indicate increased risk in the market.
- 🚫 No one can accurately predict market movements, making it essential to have a conditional plan based on potential market scenarios.
- 📊 Ethereum's chart shows a simple case of a range with fakeouts, but a break in resistance could signal a buying opportunity.
- 🌐 Solana's chart is at a critical juncture, with a key support level being tested and the Loonie line indicating a bearish trend.
- 📈 Binance Coin (BNB) has shown a clear pattern of support turning into resistance and then breaking out, forming a 'flag' pattern.
- 🚀 Tesla's stock has been bearish since late 2021, but there are signs of potential support developing, suggesting a possible turnaround.
- 💡 The speaker is closing his Swedish company and will no longer be selling products or services after June 25th, urging customers to act quickly if they wish to purchase.
Q & A
What is the current situation with the Bitcoin chart according to the transcript?
-The Bitcoin chart is not looking great. It mentions a minor support level at 6,725 that held eight times on separate days but eventually broke, turning into resistance. This is not a positive sign for Bitcoin.
Outlines
📉 Bitcoin's Technical Analysis and Market Trends
The video script discusses the current state of Bitcoin's chart, highlighting a minor support level at 6,725 that was tested eight times before breaking down and turning into resistance. The speaker emphasizes the importance of support and resistance levels for both entering trades and understanding the overall market structure. They also mention the impact of rising yields on Bitcoin's performance. The script advises against market predictions, instead suggesting a conditional approach based on potential market movements. The speaker outlines a plan for action if Bitcoin breaks certain support or resistance levels, and briefly touches on the situation with Ethereum and Solana, noting similar patterns in their charts.
📊 Analyzing Cryptocurrency and Stock Market Opportunities
This paragraph delves into the analysis of various cryptocurrency and stock market charts, focusing on support and resistance levels as key indicators. It mentions the potential of Ethereum ETF and the importance of the Sol to ETH ratio. The speaker also discusses the possibility of a meme coin launch by Trump on Solana, warning viewers about the risk of scams. The analysis continues with a look at the B&B chart, noting how support turned into resistance and then into a range pattern, and the importance of recognizing when to enter or exit trades based on these patterns. The speaker also shares their personal decision to close their Swedish company and the implications for their business, emphasizing the need for viewers to act promptly if interested in their offerings.
🚀 Tesla's Market Performance and Future Prospects
The final paragraph of the script focuses on Tesla's stock performance, noting its decline since late 2021 and the bearish signals from its chart. The speaker discusses the potential underestimation of competition by Tesla and the challenges of competing with Chinese manufacturers. Despite the current downtrend, there is mention of developing support levels and the possibility of a turnaround if certain conditions are met. The script also touches on Tesla's other business models, such as automated fleets, AI, and robotics, suggesting that these areas could offer a competitive advantage. The speaker concludes with a reminder to avoid scams and a reference to their website for further information.
Mindmap
Keywords
💡CTO
💡Bitcoin
💡Support and Resistance
💡Trend
💡Yields
💡Loonie
💡ETH
💡Solana
💡Meme Coins
💡BNB
💡Stocks
💡Tesla
Highlights
The Bitcoin chart is not looking great, with minor support at 6,725 that held eight times but eventually broke and turned into resistance.
Yields reclaiming support could be negative for Bitcoin if they start going up again.
The true underlying trend is still the most useful tool in tech trading according to the speaker's opinion.
Trends are even more sticky in technology and Bitcoin than in other types of assets.
Support and resistance are highly useful for entering leverage long or short and understanding the overall market structure.
The risk has increased as horizontal support and resistance signals are now in conflict with the trend.
The speaker emphasizes that no one can predict the market, advocating for conditional planning based on market movements.
If Bitcoin's support breaks with a blue loan line, the speaker will exit the market until the situation reverses.
If Bitcoin breaks through resistance with a gold loan line, the speaker will increase exposure to Bitcoin significantly.
Ethereum has been in a range for a long time with fakeouts but a resistance break could signal interest.
Solana's support level at 0.2 has been tested multiple times and is currently a key level to watch.
A breakdown of Solana's key support with a downward trend could be very bearish.
The rumor of Trump launching a meme coin on Solana could lead to scams with many projects using the 'djt' name.
BNB's chart shows a well-defined range after support turned into resistance and a breakout forming a flag pattern.
The speaker is closing his Swedish company after June 25th, meaning no sales or courses will be available after that date.
Take stocks are not boring and the speaker suggests looking for the next entry instead of chasing long-passed opportunities.
Amazon's chart is being monitored for a potential breakout with a loan line gold signal.
Tesla's chart has been bearish since late 2021 with a head and shoulders pattern and horizontal support breakdown.
Tesla might be underestimating the competition, especially in building physical products against Chinese competitors.
Despite the bearish trend, there is a developing support in Tesla's chart that could signal a potential change.
Transcripts
[Music]
[Music]
welcome to the new CTO Lon office the
Bitcoin chart is actually not a great
look here this minor support at 6
7,225 that held eight times on eight
separate days eventually broke and as
you can see here now perfectly turned
into resistance see these two weeks
turned exactly there not great also
yields are reclaiming support if yields
start going up again not so positive for
Bitcoin there's only one light in the
tunnel
[Music]
it's still
gold exactly L online is still gold the
true underlying trend has remained the
most useful tool in Tech trading for all
these years in my opinion that's not the
groundbreaking idea trend is your friend
until the end when it bends yeah okay
I'm not going to sit on the freaking
savan I'll also be going back and forth
between my old and new country this
summer Trend the thing is that Trends
are even more sticky in technology not
only in Bitcoin than in other types of
assets another main tool in our tool
boox support and resistance are highly
useful for two reasons one if you're
trying to enter leverage long or short
for example here you could do it
perfectly eight times only one time got
stopped out and you could get a perfect
short entry at least 10 times here at
resistance not stopped out a single time
but the other reason that support and
resistance are useful is to try to
understand the overall Market structure
now with breaking down through this
support and seemingly turning it into
resistance the signals of horizontal
support and resistance and the trend are
more in Conflict than they were last
week that means that the risk has gone
up but it's also so not full out bearish
anyone who tells you that they can
predict what the market will do next are
either ignorant or straight up lying
this is a pretty uncertain situation now
and it's better to operate in a mode
that if this happens then I will do X if
that happens then I will do y and here
is my plan exactly the overall range
between the major resistance and the
major support is a pretty tight wellc
contained range there is no need to
speculate on the breakout direction if
this support breaks and maybe we even
get lower lows with loan line turning
blue okay then I'll be completely out of
the market until that situation reverses
if on the other hand we break through
this resistance with Lan line gold I'll
increase my exposure to bitcoin
potentially by a lot now let's look at
some old coins ethereum is actually very
simple case it's been in this range for
the longest time faked out twice on the
upside and once on the downside a trixy
little coin trixy
first no but despite this constant fake
outs if resistance breaks and perhaps we
want a little bit more margin next time
we lo line gold okay I'm interested now
to Solana and let's apply what you
learned about support and resistance
first fans of the channel will recall
that I've talked about this support
level at 02 for the longest time this
level didn't come this year it was
established already in 2022 on the way
down first as support then as resistance
now it has held quite a few times and
now today touchdown there again and
bounced here we are in an even more
dangerous situation than with Bitcoin
because L online is actually blue on so
to BTC so a breakdown of this super key
support with the trend down would be a
very bearish event in the Sal to BTC
chart the altcoin to USD charts always
get more blurry because of the BTC price
movements but we can perhaps make out a
similar situation with a previous
support here turning into resistance but
could be a coincidence the chart to
follow here is this chart and if this
breaks now then better hold on to your
parachutes guys the next chart I want to
draw your attention to is the soul to
eth chart because here something has
changed for one year from mid 2023 Soul
has been in the lead l and line gold for
the Sal to e ratio then the parabola
stopped price formed a range and if we
zoom in now this isn't an exact science
but this range definitely threatens to
break down with loan line blue the
ethereum ETF is coming and perhaps eth
which seems so knocked down and
irrelevant who knows perhaps it comes
back let's see so this is definitely a
chart to follow because even with for
example Tor coming strong and base like
almost a separate ecosystem I'd still
say that the main two contenders for the
leading smart contract platform right
now still remain ethereum and Solana
ethereum with its massive leadership in
tvl and Solana with its leadership in
usage with meme coins and other activity
speaking of which today's rumor is that
Trump is launching a meme coin on Solana
no idea if it's true but what I can say
with certainty is that a lot of people
will get scammed today regardless
because there's now so many projects
called djt look here all of these are
scams they're not the same project
almost never ends and here's another
completely independent project on
ethereum also called djt the one people
were speculating about is this one and
if it is this smart contract isn't great
with features for minting new coins at
will so whatever you decide to do with
this rumor at least don't buy the wrong
coin the clearest chart of the top three
old coins is the B&B chart see how
perfectly this support turned into
resistance and then it broke out turned
into a range which is called a flag
after a major move up broke out came
back into the range broke out again and
now looks like it's retesting the upper
boundary of that range still looks good
Lo on line still gold on the BNB to USD
chart this looks a little bit more
confusing here which is why I prefer the
BTC chart still if you want to simplify
your life you just note that we had the
lotion line gold flip at
$238 something and now it's plus
150% so
2.5x with very little risk taken because
after the lo line gold flip see how
price bounced at this support without
breaking it so if you had a stop loss
below that support it never hit
beautiful and I hope you see the
usefulness of support and resistance
before we look at stocks I was not
kidding when I said that I'm closing my
Swedish company guys just to make that
super clear that was not a joke after
June 25th you cannot buy anything from
me shop closed that's in 7 days whenever
I sell something here even the stuff
that I've invented myself programmed
myself on my own YouTube channel there's
always people that get angry but I'm
telling you people will be a lot angrier
when I'm not selling anything I
literally cannot take your money after
this date because I won't have a company
until I've completed my move and set up
a new company in my new country so if
you are planning to take my course or
get on Pro you have to do it now the
correct entries have long passed in most
of the major take stocks the last gold
flip on Apple was here it's almost 10 XS
ago last gold flip in Google was down
here Microsoft it was here if you didn't
have the tools then don't kick yourself
for it just try to get better going
forward and also don't chase after
entries long passed statistically that's
not a great strategy so if you didn't
take the Nvidia entry the last one here
after this perfect inverse Head and
Shoulders pattern and the L and line
gold flip back in March 2023 when price
was like 23 on adjusted prices don't
chase after it one plus year later buy
it at 130 man massively risky where
would you put the stop in this setup and
that's just the last entry if you have a
10year perspective this coin sorry stock
is up
4,000% that's
400x but we can't travel back in time
instead try to do two things number one
get better number two look for the next
entry instead don't chase but I hope you
agree with me that take stocks are not
boring that's why I added it to Pro one
opportunity from a TA perspective could
be Amazon I followed this for some weeks
now to see if this resistance breaks out
with loan line gold it hasn't yet so if
it does that opportunity is still ahead
of us at least it's one thing to monitor
another one is Tesla that has had a very
bad price action since late 2021 I've
not been a fan of the Tesla chart over
this period And I warned that this was
kind of a head and shoulder is pattern
that broke down here in the Autumn 2022
already and then this horizontal Support
also broke and Lan line turned blue
which was the first time since we
identified this entry at support at $12
equivalent adjusted for splits and since
this triple of very bearish developments
price hasn't really recovered Trend flip
def floped little bit here but not much
changed and the trend is still down
today and I do think that Tesla could be
underestimating the competition for the
physical course I know that's not a
popular statement but I know very well
that building physical products in
competition with Chinese competitors is
difficult even for the best so if that
was their only business I would not even
be interested in tracking this at this
point that was different in 2019 when it
was a game of disruption a game of in
inovation now it's a game of copying
each other and trying to build a
reasonably good product at a low price
I'm only interested here because of the
other business models like automated
fleets Ai and robots which I imagine
will be a lot about the quality and
safety of the AI where Tesla could have
an advantage back to the Innovation
stage the trend is still down and the
chart hasn't really recovered yet but
there is something happening here there
is an element of support developing in
the chart and price when it broke down
immediately came back up like a slow
week and since then that price is
holding here tested it again last week
held or if want to play it safer we
could wait until support definitely
holds and the trend turns back up if
Tesla will ever become a top three tech
company by market cap growing to these
market caps of 3 trillion from current
600 billion it won't do so with the
trend down so no need to stress about
that that can't happen mathematically
don't get scammed guys I have only one
website it's CTO larson.com thank you T
cson
out maybe I say it remind me why we left
Sweden again
[Music]
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