BITCOIN BULLS ARE BACK!!!! CPI DATA JUST HELP US BREAKING UP!!!!

Summary

The speaker discusses the impact of the Consumer Price Index (CPI) on Bitcoin's price, noting that the CPI came in at 3.6% as expected, which has led to a positive market reaction and a significant price jump for Bitcoin. They delve into technical analysis, highlighting key levels to watch, including potential resistance at $67,000 and the possibility of a short squeeze. The speaker also shares their personal trades, emphasizing the importance of risk management and a good risk-reward ratio. They mention various cryptocurrencies, including Ethereum and Solana, and discuss their potential price movements based on current market trends and technical indicators. The video concludes with an invitation for viewers to join live trading sessions on Discord and offers advice on trading platforms and strategies.

Takeaways

• 📈 The Consumer Price Index (CPI) came in at 3.6%, as expected, which was a positive event for the market and triggered a jump in Bitcoin's price.
• 🔍 Bitcoin is attempting to break above a downward sloping trend line on the weekly chart, which could lead to a massive acceleration to the upside if confirmed.
• 📊 Historical volatility index levels are currently low, not seen since March 2019, indicating a potential return of volatility to the market.
• ⚡ The CPI announcement seems to have triggered the return of volatility, and the market is moving upwards.
• 💹 The stochastic indicator on the weekly chart is forecasting a buy signal for Bitcoin, pending a weekly close to confirm.
• 📍 The Coinbase premium is showing a break above, which is another positive sign for Bitcoin's price direction.
• 🎯 The next major resistance level for Bitcoin is around $67,000, which is a key level to watch for potential retests of the $70,000 mark.
• 📊 The daily chart shows some volume increase, but more volume is needed to break the downward trend, indicating a potential rally.
• 📈 A close above $64,000 for Bitcoin on the daily chart is desired, as it represents another resistance area to overcome.
• 📉 The speaker had a trade closed due to a fast price movement, but still made a profit, demonstrating the dynamic nature of trading.
• 📝 The speaker uses a spreadsheet to track trades and provides transparency about the outcomes, including profitable and non-profitable trades.

Q & A

What was the Consumer Price Index (CPI) forecasted at, and did it meet expectations?

The CPI was forecasted at 3.6%, and it met expectations as the actual number also came in at 3.6%.

How did the CPI announcement affect Bitcoin's price?

The CPI announcement led to a positive reaction in the market, triggering a significant jump in Bitcoin's price due to it being in a massive downtrend.

What is the significance of the Bitcoin price breaking above the downward sloping trend line on the weekly chart?

If Bitcoin can close the weekly candle above the downward sloping trend line, it would break out of the trend that has been in place for nearly 7 weeks, indicating a potential for a massive acceleration to the upside.

What historical volatility levels have not been seen since March 2019?

The current levels of volatility have not been seen since March 2019, suggesting that the market is due for a return of volatility, which could lead to significant market movements.

What is the next major resistance level for Bitcoin that needs to be reclaimed to attack $70,000?

The next major resistance level for Bitcoin is around $66,000 to $67,000. Reclaiming this level would suggest a potential move towards retesting the $70,000 mark.

What is the significance of the daily close above the Coinbase premium?

A daily close above the Coinbase premium indicates that Bitcoin is ready to move back towards higher levels, such as $66,000 or $67,000, which are significant resistance areas.

What is the role of volume in breaking the downward trend in the market?

An increase in volume is necessary to break the downward trend in the market. More volume coming into the market can be a positive event for Bitcoin, potentially leading to a massive rally to the upside.

What is the potential target for the Bitcoin price if the market continues its upward momentum?

If the upward momentum continues, the potential target for the Bitcoin price is around $66,900, based on the technical analysis of the market.

What is the significance of the short squeeze mentioned in the script?

A short squeeze occurs when a rapid increase in the price of an asset forces short sellers to close their positions, leading to further price increases. In the script, it is mentioned that breaking above certain price levels could trigger short squeezes, pushing the price of Bitcoin higher.

What does the speaker suggest for a good entry point for a potential trade?

The speaker suggests waiting for the 4-hourly candle to close above a specific resistance level ($63,500 in the script) as a good entry point for a trade, with a stop loss set at a calculated level to maintain a good risk-to-reward ratio.

What is the speaker's strategy for managing trades and ensuring profitability?

The speaker emphasizes the importance of having a good risk-to-reward ratio, setting stop losses appropriately, and not over-leveraging on trades. They also mention adjusting take profit points and being prepared for both winning and losing trades as part of a statistical approach to trading.

Outlines

00:00

📈 Bitcoin's Reaction to CPI Announcement

The Consumer Price Index (CPI) was anticipated to be at 3.6%, matching the forecast and the actual number. This led to a significant positive response in the Bitcoin market, causing a substantial price increase. The speaker discusses the importance of the CPI number for market trends and shares their trading experience, including closing a profitable trade. Emphasis is placed on the potential for Bitcoin to break above a downward trend line, which would signal a bullish continuation. Historical volatility levels are highlighted, with the current low levels suggesting an imminent return of volatility, potentially leading to a market move. The speaker also discusses various technical indicators, including the stochastic Buy Signal, the Coinbase premium, and the importance of Bitcoin's price closing above certain resistance levels for continued upward momentum.

05:02

📊 Analyzing Bitcoin's Chart Patterns and Resistance Levels

The speaker provides a detailed analysis of Bitcoin's chart, focusing on the potential for a breakout from a downward sloping resistance, known as a flag pattern. They discuss the significance of the $67,000 level as a key resistance point and the possibility of a short squeeze upon breaking above certain price levels. The importance of closing above the 100 moving average is highlighted, along with the potential for a continuation move towards the mid-range of $66,000. The speaker also mentions a broken downward sloping resistance line on the 4-hourly chart and the potential for a bounce back to the upside once the market consolidates. They also discuss the risk-reward ratio of a potential trade and the importance of not over-leveraging positions.

10:04

💹 Short Squeezes and Market Liquidations

The speaker discusses the occurrence of a short squeeze following the breakout above $63,000 and anticipates another short squeeze if the price moves above $64,500. They mention the alignment of the downward sloping resistance of the flag pattern with the $67,000 level and the potential for a spike in trading volume at that point. The speaker also references the liquidation levels and the impact on market dynamics, suggesting that the current move could be the start of a larger trend towards $70,000. They also share their trading spreadsheet, showing profitable trades and their take-profit points, and provide information about trading platforms and bonuses available to viewers.

15:06

🚀 Live Trading Sessions and Market Movements

The speaker expresses excitement about the potential for a live trading session with viewers and mentions that they already conduct such sessions on Discord. They provide criteria for joining these sessions, including having a Bit account with a minimum balance. The speaker also discusses the USD dominance index, suggesting a desired move towards a 4.72% level for a rally in altcoins and Bitcoin. They highlight a bullish divergence on Ethereum and discuss the importance of breaking resistance levels for continued upward momentum. The speaker also touches on the performance of Solana and the potential for entry into a trade, emphasizing the need to wait for confirmation signals before entering positions.

20:06

📌 Ongoing Trades and Market Sentiment

The speaker provides updates on their ongoing trades, including a successful trade on Bit that yielded a significant profit. They discuss the potential for a bounce from the RSI signal line on TON and the importance of breaking resistance levels for further upward movement. The speaker also mentions Fetch's breakout from a falling wedge and the significance of reclaiming the $217 level. They predict a move towards $253 and then $280 for Fetch, where they plan to take profits. The speaker encourages viewers to take advantage of the profitable trades discussed and to follow along for future opportunities.

Keywords

💡CPI

CPI stands for Consumer Price Index, which is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care. It is a key indicator of inflation. In the video, the speaker discusses how the CPI came in at 3.6%, which was the forecasted number, and its impact on the Bitcoin market, indicating that the market reacted positively to the CPI being as expected.

💡Bitcoin

Bitcoin is a decentralized digital currency that operates on a peer-to-peer network without requiring central authority. It is the first and most well-known cryptocurrency. The video's speaker talks about Bitcoin breaking out and its price jump in response to the CPI figures, suggesting that Bitcoin's value is influenced by macroeconomic indicators and events.

💡Downtrend

A downtrend refers to a period during which the price of an asset, such as a stock or cryptocurrency, is falling. In the video, the speaker mentions that Bitcoin was in a massive downtrend before the CPI announcement, which implies that the cryptocurrency's value had been decreasing over a significant period prior to the event.

💡Volatility Index

The Volatility Index, often associated with the CBOE Volatility Index (VIX), measures the market's expectation of future volatility over the next 30 days. It is calculated from the prices of put and call options of the S&P 500. In the context of the video, the speaker discusses historical volatility levels and their implications for future market movements, particularly in relation to Bitcoin.

💡Stochastic Oscillator

The Stochastic Oscillator is a technical indicator that compares a specific closing price of an asset to a range of its prices over a certain period. It is used to identify overbought or oversold conditions in the market. In the video, the speaker refers to the Stochastic Oscillator signaling a buy for Bitcoin, indicating a potential upward price movement.

💡Coinbase Premium

Coinbase Premium refers to the price difference between the Coinbase platform and other cryptocurrency exchanges. A positive premium indicates that Coinbase's price for Bitcoin is higher than the market average, which can be a sign of increased demand. The speaker mentions Bitcoin breaking above the Coinbase Premium, suggesting a bullish signal for the cryptocurrency.

💡Resistance Level

In trading, a resistance level is a price level that an asset has difficulty surpassing as it rises, due to selling pressure potentially causing a reaction that pushes the price lower. The video discusses the importance of Bitcoin reclaiming certain resistance levels, such as $66,000, to indicate a continued upward trend.

💡Volume

Volume in the context of trading refers to the number of shares, contracts, or assets traded in a particular security or market during a given period. High volume often accompanies significant price movements. The speaker in the video talks about the need for more volume to confirm a downward trend reversal in Bitcoin.

💡Bull Flag

A bull flag is a continuation pattern used in technical analysis that occurs after an uptrend and before a continuation of that uptrend. It is characterized by a parallel channel with a slight downward slope. The speaker mentions a bull flag formation, indicating a potential for a significant price increase in Bitcoin once the pattern breaks out.

💡Liquidation Levels

Liquidation levels in trading refer to the price at which an investor's margin account is forced to close out positions to avoid a margin call, due to a significant drop in the value of the held assets. The video discusses short squeezes and liquidation levels, particularly in the context of how they can trigger rapid price movements in Bitcoin.

💡Risk-Reward Ratio

The risk-reward ratio is a term used in trading to evaluate the potential return on an investment compared to the potential risk of loss. It is expressed as a ratio and helps traders make informed decisions about the trades they are considering. The speaker in the video emphasizes the importance of maintaining a good risk-reward ratio when trading, which is a fundamental principle in managing the risk associated with trading activities.

Highlights

CPI came in exactly as expected at 3.6%, which was also the actual forecast, leading to a positive reaction in Bitcoin's price.

Bitcoin is attempting to break above a downward sloping trend line that has been in place for nearly 7 weeks.

Historical volatility index levels have not been seen since March 2019, indicating a potential return of volatility to the market.

Stochastic indicator on the weekly chart is forecasting a buy signal, pending confirmation with the weekly close.

Bitcoin price breaking above the Coinbase premium could indicate a move back towards $66,000-$67,000 resistance levels.

A daily close above $64,000 is desired for continued upward momentum in Bitcoin's price.

The speaker's trade has closed after attempting to move the take profit point, resulting in a profitable outcome.

A massive W pattern is breaking to the upside, with a potential target around the $66,900 level.

Short squeezes are expected to occur as Bitcoin's price increases, potentially leading to a cascade of short liquidations.

The total market cap is seeing a bounce, with a best-case scenario of returning above $2.3 trillion.

USD dominance is showing a rejection from the 5% level, which could lead to a rally in altcoins and Bitcoin.

Ethereum has a small bullish divergence, with a potential end target around the $3.40 level.

Solana has broken above an entry point, with a potential continuation towards $155 over the next two hours.

The speaker is holding a specific trade in Ton (Telegram coin), expecting a pump to around $8.

Fetch has broken out of a falling wedge, with a reclaim of the $217 level being crucial for further upward movement.

The speaker provides a reminder of the importance of risk-reward ratio in trading and the statistical nature of profit and loss.

The speaker mentions the possibility of a live trading session and provides criteria for joining a Discord group for such sessions.

Transcripts

CPI came in exactly as expected at

3.6% and that was also the actual

forecast that we got Bitcoin is breaking

out exactly for that reason right now

and I going to show you the next levels

that we need to watch because a lot of

things are happening here right now and

maybe I will also give you a couple of

out coins so make sure that you are

subscribed to the channel like this

video and also activate the Bell that

you will never miss out on these really

breaking videos here once I put them out

and now let's directly get into today's

content here so as I just mentioned CPI

was forecasted at

3.6% previously was 3.8 and now the

actual numbers was also

3.6% usually when we get the forecasted

number or below the market is running uh

sometimes we had the case where the

market was not running at all but here

in this case because Bitcoin was in a

massive downtrend it was a positive

event that now triggered um a huge jump

in the Bitcoin price and we going um

into the charts here in the moment so I

was really looking forward to that I can

tell you one of my trades is already

closed um I tried to mve the takeprofit

point but the price went too fast you

know so it hit it and it trade is closed

you know it's fine I made money I'm not

complaining you know on on my bit trade

but uh yeah I would have actually loved

to push it uh the takeprofit point a

little bit higher in that case so now

when we're going actually in the Bitcoin

chart I want to show you here once again

on the weekly the Bitcoin uh price is

trying right now to break Above This

downward sloping downwards trend line

that is trapping us here 6 weeks almost

7 weeks now if we can close this weekly

candle as it is then we broke the

downwards Trend get a confirmation and

next week will be a massive acceleration

be happening to the upside on this

weekly chart I found something that uh

is really interesting that I really

needed to show you guys and this is the

historical volatility index historical

volatility index we can see here clearly

that the levels of volatility right now

have not been seen since here in 2019

in March 2019 so we are at a such low

volatility level that of course at some

point the volatility is coming back into

the market and up or down you know so we

we are going to move here but with

everything that we are seeing in the

chart the direction was clear the

question was only when is it going to

happen and it looks like that CPI

started to trigger the return of the

volatility in the market and of course

we are going here to the upside again

here on the weekly chart the stochastic

was forecasting for uh for quite a while

now that we are getting here a Buy

Signal we got now the crossing but again

we need the weekly close to confirm it

and once that is confirmed you will see

continuation like I just mentioned to

the upside here also here on the uh

volatility index I expect next week that

we are bouncing off here the 22 uh 2%

level back to the upside and when this

is going to happen you were going uh

you're are going to see the price also

rallying here to the upside on the

coinbase premium we are also seeing here

right now that the Bitcoin price is

breaking above the coinbase premium and

here I also would like to see a daily

close above uh the yellow line here and

once we uh we are getting this that will

be also um another indication that

Bitcoin is ready to um move here back to

like 66 $67,000 there is the next major

resistance and why is that so if I draw

here a line now from hand see here that

is the area that Bitcoin needs to

reclaim to attack

$70,000 so once we above that level kind

of certain that we are going to at least

retest the $70,000 level for today I

would like to see that Bitcoin is able

to close above

$64,000 just because here is another

resistance area and when we are closing

above that the directional move should

be then uh followed to the $67,000 level

we are also seeing here some volume

coming in today on this daily chart but

nothing out of the ordinary yet uh here

again we need more bits coming into the

market to break this downwards Trend um

here on the volume in indicator once

that is happening I believe also that

this will be a positive event for

Bitcoin where we see a massive rally to

the upside it might only be happening

once we are breaking out of the uh bull

flag that we are forming here now for

quite a while so also here you see that

the downward sloping uh resistance of

that flag is in alignment with more or

less the 67,000 dollar level here right

now so if we would break out um in the

in the next couple of days it would be

around the $67,000 level and I believe

at that point we are going to see the

spike in the volume that we are waiting

for also here for today uh I would only

like to see that we are closing above

the 100 moving average yesterday um we

got again a rejection so for today uh

the best case scenario is that we are

holding the price levels that we are in

right now and um seeing them

continuation tomorrow here in direction

to the mid-range of $66,000 on the lower

time frames here on the 4 hourly chart

um I have drawn in here another downward

slopping resistance line that was now

broken that was the precursor side that

we are potentially that's why I started

paying attention to my trades well as

you can see here we moved to

$4,200 and 63,500 was my takeprofit

point and it went so fast to the upside

that I was not able to push it to like

64 64 um 200 something like that but

again like I said I'm fine you know I

made money what I uh what I'm looking

for here on the 4 hourly chart is a

close um above that red resistance area

also once we are turning this into to

support um you can already clearly see

that here the next bigger resistance

level is the $67,000 level as I have

just shown you um on the daily chart the

best case scenario for us on the 4

hourly would be if we are closing here

in 3 hours the candle somewhere between

63400 and

$64,000 see one continuation candle to

the upside to get us above that

resistance block here so closer to 65

then seeing um most likely a small

correction back to like

64 uh 645 uh 64 $5,000 in that kind of

range some consolidation for a day or

two you know and then the next leg to

the upside you should also be aware of

that here is a massive W pattern that's

breaking here to the upside right now um

if you are measuring Target for it and

you see here this is also around the

$66,900 level you could technically

enter this right now um if you want to

play it really really safe then you wait

for the 4 hourly candle to close above

$63,500 um once we are closing above

that uh that would be a good entry point

and your stop loss should be here 62,3

so don't over leverage yourself on a

trade like that so because here uh

6600 and then the stop loss kind of like

yeah you see so if you put your stop

loss here at

$2,300 approximately that is a 3 .1 to

one risk to award ratio you have here

almost 5% to the upside

4.61% against the 1.5% stop- loss so um

that is something I would trade

potentially with like 20 25x so you make

anything between um 902 and over 100% if

we are reaching the technical Target

against a 3 to

37% of a stop loss you know so it's all

about statistics uh the more you are

getting certain trades right of course

the more you win you know so but it is

normal in that game that we are

sometimes also losing some along the way

you know so but as long as you have

always a good risk reward ratio in the

long run you should be able to make

profits here when we're looking in at

liquidation levels here was something

that I wanted to show you but it

actually happened now already um

remember when I said yesterday that when

we are breaking above $63,000 we are

going to see a nice short squeeze so the

short squeeze already happened because

it was like with with lightning speed

that we pushed here to the upside uh we

have also broken this downward sloping

Trend here that held us down uh

basically at the beginning of the

current hour and then we saw follow

through uh with CPI here into these

levels um I'm pretty sure once we're

getting above $64,500 that we are going

to trigger here another short squeeze

from this void that we are seeing um

into $

65,7 $800 we most likely only going to

touch it getting rejected from there

because there are some big sell orders

stacked and then we see some

consolidation here in that range um on

the liquidation levels from 64600 to

65700 um but again that is absolutely

fine uh for the time being for me before

we get in the continuation move 66

67,000 and you see here is also a lot of

liquidity still stacked here um on the

short side can be taken out of course we

have now again some over leverag long

positions but the price moved already so

far away that it is quite unlikely that

we are going right now uh back to like

$660,000 so I believe that this was the

ignition um to trigger the the move now

um in direction of $70,000 and I believe

that everything down below here lower

than $660,000 these long positions I

believe they will not be WIP wiped out

in a really really long time unless we

get some sort of a Black Swan event when

we're going then to the liquidation heat

map here I need to refresh now cuz the

level moved the $63,500 level is the

level that we were watching yesterday uh

where I told you touch this level and we

are going to see a spike uh because we

are triggering a short liquidation that

is um and a short squeeze that is

exactly what happened here now we are

going to see the next one when we are

getting here above this this area here

there's also uh around $500 million

worth of short liquidations uh stacked

up here and that will trigger a short

squeeze all the way up to$

65600 uh again around this level expect

some resistance if we would directly

move through this that will then uh

result in a massive Cascade of short

liquidations at and could bring us

straight to $67,000 but again I expect

there definitely some resistance and a

rejection for the Bitcoin price hence

why have um some of my take profits uh

profit levels um over there so now let's

move here into my trade uh spreadsheet

so as you can see here the buber trade

take profit Point that's the one that I

did not move that one was profitable uh

the total gains I actually have to look

I have no idea um we're going to do that

here in a in a moment so this trade was

there for uh yeah since the yeah the

last three days you know so at any given

point where we got close to the entry

you could have uh taken this trade you

had more than enough opportunity you

know so and now you see that was

actually one that we won uh the ton one

um technically you should have been

stopped out so that would have been also

profitable but I'm taking profit uh at

$8 so I just leave it there uh and now

let me go here into buy bit um here on

the bit trade uh you see that is gone so

how much did we make on is

118 71% so that is a nice gain for one

trade so here the first trade since I

made the spreadsheet that actually hit

the takeprofit point here on blof fin uh

we got close and here I'm basically

waiting so but technically all these

trades they they're right now um

profitable guys don't forget if you want

to trade anywhere with me together uh go

for example to blof fin you still get a

Rolex watch and $7,500 in deposit B B es

and 10% of cash back on your deposit uh

if you want to trade on buit like most

of my trades happening on bit also there

you still get $30,000 up in bonuses uh

and if you just want to copy trade me or

trade without any kyc then go to Marx

and faires on faires you still get the

highest bonus uh in the industry of

$120,000 for copy trading and for

everybody in the UK and the US use bit

or FX all these links are in the pincoin

below under my video and in the

description um of all my videos so go

and check that out and if you're looking

for the spreadsheet the spreadsheet is

down here YouTube trade calls that is

where you find the spreadsheet I maybe

rename it YouTube trade call spreadsheet

so I going to REM um rename that after

today's video so here on blowen you see

this trade is moving here really really

well right now 50 almost 53% of a profit

I caught this quite good at

6,988 $1 so I let this run you know I

will not adjust my stop loss or anything

this is something that I just I let it

run and here you can see my tech profit

Point as in a spreadsheet $664,000 um

$500 oh and one of my other trades also

just hit that I did not put on YouTube

but this one also I just won which is

amazing here on byit as you just saw you

know so that is the trade that was

closed I made here

$2,330 approximately so I'm definitely

happy with with that result what a good

day today for trading and now when we

are going uh to see my MX trade also

$800 in the profit uh I wanted to go

here to the total market cap real quick

the total Market crap is uh crap yeah

total Market crap no cap total market

cap um is also seeing a bounce right now

here back to the upside best case

scenario is we come back up above $2.3

trillion this week close there move uh

here higher to the

2.53 trillion dollar level um and

finally uh yeah get out of this um

bordom that that we saw now in the

market but we have definitely some fun

here right now um let me actually know

in the comments if you would like to see

a live trading session uh where I take

trades with you together live um we

actually doing something like this every

Sunday on Discord already with um yeah

somebody all of my team and me we're

doing that together but you need a buet

account um to be able to join the

Discord buet account needs to be signed

up under my link and you need to have

$250 in the account to join the Discord

so but if you match these criterias you

create a bit account with my bit link

have at least $250 in there then you can

join the Discord uh through the

verification bot and then you can be

part of the live streams that we do

every Sunday here on the USD dominance

we are seeing here finally the uh so

anticipated rejection from the 5% level

so now if we get some follow through the

next Target would be 4.72 and that will

of course lead to a nice rally uh in

altcoins and also uh partially in

Bitcoin to the upside and that is

exactly what we want to see here a

reminder once we are breaking here the

4.74% level uh Bitcoin should be close

or at $67,000 the closer we get to the

4.74 level the higher the Bitcoin price

will be at this time theum also got a

nice pump here back to the upside side

on this 4 hourly chart but I'm not

really happy with what I'm seeing here

even though we have a bullish Divergence

finally um here on ethereum more or less

small one so from here yes so we have

here bullish Divergence that is starting

to play out right now I believe that the

end of it could be around the

3,40 level again this resistance area

here most likely that's where the

bullish Divergence will be

completed if we start to consolidate

above that level between the point of

control and the and the underlying 3,40

level I I will say I will be um

satisfied for the time being with that

but of course the main area to break

here is

$3,260 only when we break that level we

are starting to move here back um in

direction of um here

3,500 and 3,00 um $700 all the way up

here and once we are breaking these

levels we are really quickly going to

$4,000 and above on the Solana chart so

uh we could observe now a confirmed

break above um our entry point so this

is now um the moment where you would

start looking at entering this trade you

know so but again wait for um the candle

close at least the 1 hourly candle close

above that level if my chart is get

giving it to me so yeah so here in 5

minutes you will get your confirmation

uh to enter this trade don't um enter

this beforehand uh so of course I'm in

that trade already uh but my stop loss

is also different one uh than yours uh I

just again this is for transparency you

know just to show you how profitable we

are on the channel and put this on on

the spreadsheet but here in the next uh

yeah less than four minutes that would

be your potential entry signal I just

want to see in which direction you're

most likely going could see some

continuation yeah so we should see some

continuation in direction of like

$155 um over the next two hours for

Solana again as long as nothing crazy is

happening some news event you know

Shifting the markets again uh we should

be fine here with um a move to the

upside also here on the daily uh I see

here a potential Buy Signal right now on

the stochastic the RSI is pointing to

the upside we are above our second buy

zone so as long as we are maintaining

the level that we are trading in right

now um and staying above

$147 we should also get here uh some

nice continuation uh to the upside the

next one that I want to talk about is uh

ton the telegram coin remember guys I

told you usually you should have already

been now stopped out here in that area

if you would have traded as I told you

so so uh but of course I'm not always

doing what I tell you guys you know so

because you are not so experienced as I

am in the market so no offense you know

so no offense guys um some of you might

be uh but um I have my own style of

trading I just want to make sure that

you guys make money here and that's why

I'm a little bit more conservative with

my Approach when it comes to trades that

I give to you and trades that I take for

myself you know so not saying that I'm

not taking always the trades that I'm

giving to you but from time to time I

just trade them a little bit different

like this one here where I did not take

any profit for the time being um and

just wait that this pumps to um $8 also

here right now uh if this 4 hourly

candle is closing the way that it's um

that we are seeing it right now then we

get here also a bounce of the uh signal

line from the RSI which will give us a

continuation to the upside especially

also with um yeah losing momentum on the

sell side that we can see on the macd

here the final signal will be also a Buy

Signal but um once we are getting this

when the Blue Line crosses over the red

one I believe that we will be somewhere

around $710

$7 17ish so we will be back in our

second Tech profit area here for ton uh

once that is happening also here

um let me see yeah no so here's no

bullish Divergence uh on ton but it's

also look at this you know so for the

last uh 20 hours we are basically just

going sideways here but now with that

move to the upside in Bitcoin and the

overall Market sentiment Um this can

break out really quickly um even above

$770 cents um over the next couple hours

so that's why I'm still holding this

specific trade here also fetch fetch

finally broke out out of the falling

wedge uh we were waiting for that now a

reclaim of the $217 level is really

really important once we're breaking

above that level and get a candle close

on the 1H hourly and 4 hourly chart uh

we should see follow through and the

break of this downward sloping trend

line uh that is also holding us down for

quite quite a while here already uh just

a reminder the target of the falling

wedge is

$253 but I believe once we are clearing

that level that we are moving higher and

I want to show you why the reason why is

that we have a lot of resistance here so

look here bound

bounce always confirming Support also

here then we broke that support here

multiple retests and we failed and

confirmed resistance here it uh also

confirmed resistance and since then we

have not touched it you know so but

again the more often we we test the

level the weaker it gets and at some

point it's going to break so once we are

getting now back to

$253 um over the next let's say 7 to 10

days I expect that fetch will actually

break through this and then we are

moving to the next level just above us

at $280 and that's where I'm taking my

profit so I'm still holding on to my

fetch trade we got really close to

getting stopped out here um but we

didn't luckily uh so we placed our stop

loss in the right place and now we are

almost back at uh at entry and uh yeah

there's not much more to say for the

time being guys I hope you caught some

of the trades that I have given you

because we are making here really good

money right now and don't forget Smash

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see you then again tomorrow