Everything's screaming crash for bitcoin. However......

Summary

The speaker provides an in-depth analysis of Bitcoin's current market situation, urging viewers to pay close attention to key support and resistance levels. Emphasizing the importance of daily price movements above or below $69k, the speaker suggests a bullish stance above this threshold but warns of potential bearish trends if it's breached. They also discuss the possibility of short-term pumps and highlight the significance of the upcoming Federal Open Market Committee (FOMC) meeting. Additionally, the video touches on trading strategies for Nvidia, offering specific entry points for long and short positions post-split.

Takeaways

• 📊 The speaker emphasizes the importance of watching Bitcoin's price levels, suggesting that a break below key support could lead to a significant drop.
• 📉 The video discusses the possibility of Bitcoin pushing higher in price but stresses the need to be cautious and pay attention to specific resistance and support levels.
• 👍 The speaker asks viewers to like the video if they want more frequent content, highlighting the importance of viewer engagement for content creators.
• 📈 The speaker had previously advised going long on Bitcoin when it hit certain support levels around $68k, which resulted in a profitable push up to almost $72k.
• 🔄 The analysis includes multiple charts with various indicators such as RSI and Bollinger Bands, which are used to identify key support and resistance levels.
• 🚫 The speaker warns that if Bitcoin's daily opens fall below $69k, it could signal a bearish trend and a potential significant downturn in price.
• 📍 Specific price levels are highlighted as crucial for making trading decisions, such as $69k as a support level and $73k as a strong resistance level.
• 📊 The speaker discusses the significance of the MACD and RSI indicators on the daily charts, suggesting that certain patterns could lead to price pumps.
• ⏳ The video mentions the upcoming FOMC meeting as a potential catalyst for market movement, indicating the need to watch for its impact on Bitcoin's price.
• 💡 The speaker provides a detailed analysis of Nvidia's stock price post-split, noting how price still respects previous Fibonacci levels and suggesting potential short entry points.
• 📉 The overall sentiment leans towards a cautious approach, with the speaker providing multiple price points for potential shorting or long positions, depending on market movements.

Q & A

What is the main topic discussed in the video script?

The main topic discussed in the video script is the analysis of Bitcoin's price trends and key levels to watch for potential investment decisions.

What does the speaker suggest for viewers to do if they want more frequent video uploads?

The speaker suggests that if viewers want more frequent video uploads, they should like the video to show their support and interest.

What is the key support level for Bitcoin mentioned in the script?

The key support level for Bitcoin mentioned in the script is 69k.

What action did the speaker recommend when Bitcoin's price was around 68k?

The speaker recommended going long when Bitcoin's price was around 68k.

What is the significance of the blue rings in the video script?

The blue rings signify key resistance levels in Bitcoin's price chart, and historically, crossing these rings has been followed by a price pump.

What does the speaker suggest could be the next resistance level for Bitcoin after 69k?

The speaker suggests that the next resistance level for Bitcoin after 69k could be around 70,600 to 71,500.

What is the speaker's view on the potential for Bitcoin's price to go higher based on the charts?

The speaker is uncertain but provides levels to watch, suggesting that while it's possible for Bitcoin's price to push higher, there is a significant amount of resistance that could limit the upside.

What are the recommended exchanges for leverage trading mentioned in the script?

The recommended exchanges for leverage trading mentioned in the script are CoinCas, BingX, and Bitget.

What does the speaker suggest for viewers who are interested in trading on Binance?

The speaker suggests that viewers interested in trading on Binance should watch a tutorial video on how to open long and short positions, set stop losses, and use trigger orders.

What is the potential downside target if Bitcoin's price breaks below the key support level of 69k?

The potential downside target if Bitcoin's price breaks below the key support level of 69k is not explicitly stated, but the speaker implies a significant drop is possible, with levels around 63k to 64k mentioned later in the script.

What is the speaker's strategy for trading Nvidia based on the script?

The speaker suggests that if looking for a short entry or to buy puts on Nvidia, the levels around 137 to 152 would be ideal, with stops placed above that level. For long entries, if the price drops, levels around 96 to 85 would be good points to consider.

Outlines

00:00

📈 Bitcoin Market Analysis and Key Support/Resistance Levels

The speaker begins by addressing the current sentiment around Bitcoin, suggesting a bearish outlook based on the title and thumbnail. However, they delve into a technical analysis, emphasizing the importance of certain price levels. They mention their usual viewership and engagement metrics, urging the audience to like the video for more frequent content. The speaker discusses past predictions and their accuracy, particularly highlighting a long position call when Bitcoin was around $68k, which resulted in a profitable outcome. They stress the significance of the $69k level as a key support, and above this, a bullish stance is maintained. Conversely, if the price drops below this level, a bearish shift is anticipated. The speaker also provides insights on potential future resistance levels and the importance of watching for the next candlestick opening in less than 10 hours, suggesting it could be a decisive moment for the market direction.

05:02

🔍 Analyzing Bitcoin's Technical Indicators and Market Direction

In this paragraph, the speaker continues the technical analysis of Bitcoin, focusing on the importance of daily candlestick openings above the $69k level to maintain a bullish stance. They discuss the potential for a market pump due to the sideways movement and the historical tendency for pumps after crossing certain 'blue rings' on the charts. The speaker identifies key resistance levels at $70,600 and $7,770, suggesting these as potential points for taking profit on long positions or opening short positions. They also mention the importance of the Relative Strength Index (RSI) on the daily chart, indicating that a cross could lead to an upward push. The speaker wraps up by emphasizing the significance of the $69k support level, noting that if it becomes resistance, there could be significant downside risk.

10:02

📊 Bitcoin's Overextension and Potential Market Outcomes

The speaker discusses the overextended state of Bitcoin's technical indicators, comparing the current situation to historical data from 2018. They highlight the potential for a significant market downturn based on the overextended Moving Average Convergence Divergence (MACD) and the VSH RSI Plus indicator. The speaker provides detailed resistance levels, suggesting that if Bitcoin's price can maintain above certain thresholds, there could be room for further upside. However, they caution that the overall market sentiment, as indicated by the overextended indicators, points to a high likelihood of a downward trend. They also mention key support levels below $69k, such as around $66k, and the potential for even more significant downside if these levels are breached.

15:05

🚨 Economic Indicators and Their Impact on Bitcoin's Future

In this section, the speaker touches on broader economic factors that could influence Bitcoin's trajectory. They mention credit card debt and delinquencies as signs of a struggling economy, contrasting this with the stock market's all-time highs. The speaker provides key target levels for Bitcoin, emphasizing the importance of daily opens above $69k for maintaining a bullish outlook. They also discuss potential short entry points around $72,000 to $73,000 and highlight the significance of the Federal Open Market Committee (FOMC) meeting, suggesting it could trigger a significant market move. The speaker advises caution, especially if the price drops below key support levels, indicating a potential for a substantial bearish trend.

20:06

💡 Nvidia's Stock Analysis Post-Stock Split

The speaker shifts focus to Nvidia, discussing the stock's behavior following a recent split. They highlight how the stock price continues to respect pre-split Fibonacci channels and resistance levels, despite the split altering the price scale. The speaker identifies specific price points around $137 and $152 as potential short entry points or opportunities to buy put options, with a stop loss above these levels. They also provide potential long entry points around $96 to $85, suggesting these as areas to consider if the price drops significantly. The speaker emphasizes the consistency of the stock's behavior with historical patterns, even after the stock split, and provides a final overview of the key resistance and support levels for Nvidia.

Keywords

💡Bitcoin

Bitcoin is a decentralized digital currency that operates without a central bank or single administrator. In the video, it is the primary subject of discussion, with the speaker analyzing its price movements and providing trading insights. The term is repeatedly mentioned as the speaker evaluates whether to hold or sell based on current market conditions.

💡Support Level

In trading, a support level is a price at which an asset tends to find a stop on its decline. The speaker in the video frequently refers to the 'key support level' at 69k, indicating a price point where Bitcoin is expected to hold and potentially bounce back, which is crucial for making trading decisions.

💡Resistance Level

Conversely, a resistance level is a price at which an asset is expected to find a stop on its rise. The video mentions several resistance levels, such as 70,600 and 73,000, where the speaker anticipates potential obstacles for Bitcoin's price to overcome before continuing its upward trend.

💡Chart Analysis

Chart analysis involves studying graphs of an asset's price movements to predict future trends. The speaker uses various charts to illustrate Bitcoin's price action and to identify key levels of support and resistance, which are vital for understanding the market sentiment and making informed trading choices.

💡Bullish

A bullish market sentiment indicates that investors are optimistic about the price of an asset and expect it to rise. The speaker uses the term 'bullish' to describe scenarios where Bitcoin's price remains above certain support levels, suggesting a positive outlook for the cryptocurrency.

💡Bearish

Being bearish is the opposite of bullish, indicating a belief that the price of an asset will fall. The speaker suggests that if Bitcoin's daily opens fall below 69k, it could signal a bearish trend, implying a negative outlook and potential price decline.

💡Leverage Trading

Leverage trading allows traders to borrow funds to increase their trading power, potentially amplifying profits but also risks. The speaker mentions leverage trading and recommends three exchanges, indicating that this form of trading is part of the discussed strategies for dealing with Bitcoin.

💡RSI (Relative Strength Index)

The RSI is a momentum oscillator that measures the speed and change of price movements. The speaker refers to the RSI on the daily chart, suggesting that a cross above a certain threshold typically leads to a price increase, which is an important technical indicator for traders.

💡Bollinger Bands

Bollinger Bands are a technical analysis tool that consists of a set of lines plotted two standard deviations away from a moving average. The speaker mentions the central Bollinger band as a key level at 69k, which is used to assess volatility and potential trading opportunities.

💡FOMC (Federal Open Market Committee)

The FOMC is a branch of the Federal Reserve System responsible for making monetary policy decisions. The speaker anticipates that the FOMC's upcoming meeting could influence market movements, indicating the importance of macroeconomic events in cryptocurrency trading.

💡Nvidia

Nvidia is a company known for its graphics processing units, which are relevant for cryptocurrency mining. The speaker discusses Nvidia's stock, providing analysis on potential entry points for shorting or buying, demonstrating the application of similar technical analysis principles to stocks as well as cryptocurrencies.

Highlights

The video discusses the current state of Bitcoin and emphasizes the importance of watching certain price levels.

The speaker asks viewers to engage by liking the video if they want more frequent content.

A key support level for Bitcoin is identified at $68k, with a warning that a break below this could signal a significant drop.

The speaker references past analysis and decisions made in Discord, highlighting a previous long position call at around $68k.

A detailed explanation of how to interpret price action around resistance and support levels is provided, with specific price points mentioned.

The use of the Bollinger Bands and RSI indicators on the daily chart is discussed to determine bullish or bearish stances.

The potential for a short-term bullish trend is suggested if daily opens stay above $69k.

The video mentions the upcoming FOMC meeting as a potential market mover and advises viewers to watch for its impact.

Different chart patterns and their implications for future price movements are analyzed, with a focus on resistance levels.

The speaker shares personal strategies for leveraging trading, including preferred exchanges and how to manage trades.

A specific price range of $72k-$73k is identified as a critical resistance zone for potential short entries.

The potential downside is discussed, with a long-term support level highlighted around $33k on the monthly chart.

The video provides a technical analysis of Nvidia's stock, post stock split, and discusses key levels for potential trades.

The importance of watching for a daily open below $69k as a bearish signal is reiterated.

The video concludes with a summary of key resistance and support levels for Bitcoin, emphasizing the need for vigilance in the current market conditions.

Transcripts

okay guys I'm going to get right to the

point I'm just going to tell you what to

pay attention to as you saw in the title

in the thumbnail everything is screaming

to get the hell out of Bitcoin

however just going by the charts it as

possible we can push up higher so I'm

just going to give you levels to pay

attention to I'm going give you a more

in-depth analysis I'm going to bring out

some charts I haven't brought out in a

while but before we do this look guys uh

I get an average of 10,000 views let say

on average a little less a little more

like four or 500 likes I never ask you

guys to like never ask you guys to

subscribe I guess if you don't ask they

want so if you want to have more videos

put up more frequently and not just one

video every couple weeks then you know

hit the damn like button all right give

me over a th likes maybe I'll put some

videos up more frequently but again if

you don't show your support from me then

it makes me think you're not really

interested and that's the lesson Center

for me to make videos so if you want to

press the like button guys I would

appreciate it so let's jump into this uh

well uh I can tell you right

now we're teetering on a very key

support level if this support level

breaks I think we're going much lower

and I've been talking about this for

quite a while we're still holding above

it in Discord uh I and this was I in my

last video I said going by the ring on

the daily and the weekly by previous

previous rings to go long all right this

was when we were right here around I

already told everybody to go long when

we hit the ring but this was was down we

around 68k all right and we pushed up

to all the way up to almost 70 what

72,000 close to it so that was a pretty

good

long and also in this uh well actually

in Discord now I could have made a video

about this you know they were writing up

this and this this could possibly become

support push back up which is exactly

how it played out so if I had to make a

guess uh where the next day the candle

opened in less than 10 hours know this

this is what I was saying watch where

the next candle open that my guess was

we'd come down we'd hold support you

know we come up and we would test this

resistance actually what happened is we

tested this as support just like

predicted we tested resistance one more

time and then we dropped and then I told

everybody I said pay attention you see

right here we pushed up we got rejected

so price came down and did this my brush

tool here so we came down we we dropped

we pushed back up we did this we got

rejected and then they came back down

and this is level I had to pay attention

to and you can see that in Discord say

take note price labels that are purple

you know like it's important you know

it's being a little silly here but

basically saying look we got rejected at

71k we got rejected right here we this

Confluence guys this how I create the

charts right here the red line shows a

lot of resistance we got a little scam

Wick above we hit this this support flip

Dash resistance right to the tick so

that meant to go short I said pay

attention to the purple price labels you

can see it right down here that will be

your most key support level and we came

down and that was your point too long

and this is your point to stay long

above and again let me just make this

very clear as long as we are above

69k I'm going to stay bullish when we

start getting daily opens below

69k I'm sorry but it's time to flip

bearish now again I'm going to cover

some other charts in more

detail because a lot of these charts are

showing that you know a certain area is

it's a lot of damn resistance and I'm

going to cover Nvidia near the end of

this one as well and guys if you want to

get into lever Trading if you're already

not doing leverage trading or if you

want to switch over to another one the

three exchanges I use and Trust are coin

catch Bing X and bitet all right coin

casat is no kyc if you're in the states

great option for you some states don't

need need a VPN uh bing X you up to 150

times leverage uh all three of those

exchanges if you want to sign up the

links pinned in the first comment and in

the description if you want to learn how

to trade on bigot once you trade on one

you can trade on them all they're pretty

much all the same this teaches you how

to open long set a stop loss d stop loss

how to open a short trigger orders all

that video now if you want to check it

out okay so let's move on so again as I

said right now uh and that's why I made

these purple because they're in

Confluence on two different charts right

we came down decision Point stay long

above we we did a scam Wick below we

push back up you can see that next Wick

was to the tick right here 6868 7 right

so that's why I said stay long above

that point and that was right in

Confluence you got the center Binger

band let give you a little eror here

hold

on this is the center Ballinger band on

the daily all right it's right here at

69k this is a very key level if if you

keep getting daily opens above 69k stay

bullish because we're above the central

Binger band on the daily and we're above

key support levels on my charts so again

very important level uh you can see

right down here this is the macd I'm

sorry this is RSI on The Daily we're

about to get AC cross seems like every

time we get a cross we typically we

typically get a pump don't forget we did

cross that ring which every time we

cross that ring we go higher now I know

we've been going sideways so people they

don't know which way this is going and

you know what I don't either I know

every time we cross into his previous

blue Rings we always get a pump right

now we're going sideways everything

looks bearish for that reason we

probably will get a pump but I just want

to show you why if we do push up I don't

think we're going to go that High guys I

just I think that we're going to get

topped out at a certain point and

possibly come down but I just know that

this is the line to pay attention to all

right so daily opens above stay bullish

but if we get daily opens Below 69k guys

I think we're going much lower but again

pay attention to next daily candle open

if we get across on this RSI typically

when we get across on RSI on The Daily

we typically push up so that's something

to pay attention to uh and let me go a

and give you this next level above all

right so this is your next strongest

resistance level above on this is the D1

chart that is right at let's just say uh

tomorrow that's around 70,600 the day

after that around 7,770 take note top

Binger bin on The Daily lot of

Confluence we push up that's ideal point

to potentially open a short or take

profit on long from

69k let's move on so this is the uh H1

chart and you know I made a post about

this in Discord as well so nothing

really happening just pay attention the

same levels mentioned before this was

your resistance right this you can see

we just bounced every time we hit this

line show hit it short hit it short hit

it short we're we're moving up this

trend line so this is your point Too

Short this is point too long and as I

said key support

69k and you can see how this played out

guys we we came down we got rejected

right here this line was our resistance

and this is now your support so look at

your key support again a lot of

Confluence 69k has to hold if that

becomes resistance I think we have a lot

more downside if we get above let's say

69,900

that becomes support we have a lot more

upside next resistance on this chart is

all the way up around

71,500 and this is where it gets

interesting right you notice right up

here this line every time we hit this

line we push above it a bit and then we

end up getting rejected that's sitting

up around 72,0 367 and again the longer

takes higher that price gets there is a

lot of resistance up around this level

so let me go to some other charts so

this is well this is that that blue ring

now again as I said every time we cross

one of these blue Rings we always get a

pump now I did make a video again like I

said at this point I said the last video

I put up I said go long when we cross

this ring so had you longed at this

point that wasn't a bad long that was

from like 60 67,500 all the way up to

72k and now we're just kind of going

sideways I'm going to show you the

monthly chart as well again everything

is just pointing to more

downside but we crossed this ring and

there's not been one time we've crossed

this ring in not pushed higher so that's

something we have to take into

consideration uh this is just another

chart I just want to point out the

levels guys that's all I want to do I

just want to show you that a lot of

these charts are in

Confluence and if we go sideways this is

on the 2hour right so obviously you know

I'm showing you the daily the other

chart was a daily so these are hourly

candles here so if we just kind of go

sideways right if we just kind of go

sideways and up you know 72,000 7 72,000

5 73,000 that is going to be a key level

this chart is showing this is a very

important level so if we hold support

above this point hey we could go much

higher however we could get rejected

around

73k this is another chart this is name

the chart this is the A1 chart you can

see how well price been respecting the

these key lines right here uh and this

is this is the bit bitstamp chart so if

we push up look another resistance level

look we hit it got rejected here right

got rejected here here here so if we

pushed up look another Target is 73,500

73,800 current support look at that

right at 69k that is a key level and

this chart is still 68700 if that

becomes resistance guys we have

somewhere downside if we if we hold

Above This level stay bullish but pay

attention to

73,500 73,000 around that area because

that show all the charts are showing

that's a lot of resistance this is the

01 chart this chart's been very accurate

as well this is bit stamp

also uh you can see right here this is

uh let's see make this red red mean

short uh that's

72,1 this is on the 4 Hour all right so

there's a little bit more time in these

candles so that's close to 72k if we

pushed above that and the next

resistance level I have is up around 78k

I'm not saying we can't go that high but

we need to pay attention to our key

levels you know 72,000 to

73,000 a a lot of resistance Here If We

Hold above that as support yes we can go

much higher I think if we hold above

72,000 73,000 we're headed up to

probably 78,000 maybe 80,000 that would

be close to the top Binger ban on the

weekly we'll cover that as well your key

support level on this chart is showing

around

66,0 uh

344 your next key support level below

that and again once we get down to these

levels guys I think that you start need

you need to be looking for short

enturies because once you break 69k I

think that is a start of a lot more

downside uh this is just another chart

showing why this is such an important

level all right right up here

72,800 so close to 73k there is so much

resistance up there and all that also

means if we hold a support above this

point we can go much

higher the next key support below is

around

62,63 again I haven't broke uh used

these charts in a while um I just wanted

to go through and look for some

Confluence and just show you why there's

such important levels again this is

another version of a this is basically

just a fib retracement 72,800 so again

like I said if we get above and hold

above

72,800

72,500 73,000 that general area get

bullish from more upside in the meantime

I think you should stay short from this

point that being

said again and I've I've shown you this

chart every time we across one of these

blue Rings we always get a pump all

right it happened uh let me see here

this this ring right here I I don't want

to go back further because I got a lot

on this chart but every time we cross

these Rings we always get a pump and we

just we just cross this ring this is the

second weekly candle open right here so

we need to give it time and see what

happens but we do have resistance levels

just above us and all of those those

levels are in Confluence right right

here is 71,2 56 and if we get Wicks

above we always come back below so the

meat of the candle you know if we get a

wick above 73,000 the meat of the candle

will come back below

71141 if on the weekly you know we get a

weekly uh the me of the candle we get an

open above

71,0 141 up around

72,300 that's going to be bullish again

I'm just showing you there's a lot of

resistance and again that's pretty much

right where our previous high was right

here so though that is your your main

resistance level to pay attention to as

long as they're below that every time we

get around that area I would go

short and this is the monthly I'm going

to go back and make sure you have your

levels but again look at this this is

the uh this is the macd right here right

let me get an arrow so you can see what

I'm talking about you can see right here

uh look the macd was overextended but

this this was back in what 2018 you can

see it was overextended but it looks

nothing like what it is right now notice

this yellow uh this yellow line right

here notice this point right here that's

where we Peak and then see this red

lines where we came down well if you'll

notice this yellow line right here right

you see right here notice how

overextended the the moving averages are

on the macd how high they were we came

down we hit support we pushed back up we

dropped at this red line right same

thing and you can see how overextended

you can see uh this this is called the

vsh RSI plus you can see how um see all

this screen right here it shows how

overextended it is how over extended It

is Well we can see the same things

happening right here and if we measure

if we just measure from here so if we

measure from this point to this point

all right where we Peak that was roughly

40 bars this is on theth this is on the

monthly same thing if you measure 40

days out right um or 40 bars out sorry

uh same thing and and I'm just showing

we are way way OV extended that's what

I'm saying it looks like we could have a

lot of downside just based on going by

the charts we're way overextended you

see how high this is we're at uh what n

almost close to 10,000 where we were

back here in

2021 all the signs are pointing to

topping and coming down and we know that

our most key support level on this chart

right here is down around 33,000 now if

we got one hell of a drop that's a

Target to pay attention to again I'm

just giveing targets I'm just showing

you why it looks like we have a lot of

downside so before I get into a video

let me just cover a few of these levels

to make sure you have everything few

these charts I have on here twice so

again pay attention to 69k as long as we

get daily opens above that point stay

long your next resistance level above is

around 7,700 that's the top B ja B daily

as I said

before we pushed up above that and your

next resistance level again this is

around 74k depends on when you hit it if

we push straight up that's around 7376

64 I would short the hell out of that if

we got that high just I just don't see

us going that much higher just with the

way the economy is uh I'm not going to

go into all of all of this about credit

card debt and delinquencies but I mean

repost there just there's so much stuff

showing that the economy is not doing

well even though the stock market is

putting in new all-time highs the

economy is

suffering and I'm just giving you the

key targets guys so look if if if you

think we're going higher and we did

cross that blue ring so it just by the

blue ring itself it does look like we

could go much higher I'm just giving you

a key level to pay attention to as long

as we hold above 69k all right daily

opens above that point stay bullish all

right and if you want to stay bullish

you stay bullish as long as you want I

think I would just get out and keep

taking my profit if you're longing take

my profit around 72,000 73,000 if you

want to hold it that's up to you it

seems risky to me but I can tell you if

you start getting daily op below 6 69k

we're below this line right here below

the cind Ballinger band on the daily and

I think we're headed down much lower but

do keep in mind we're probably going to

get a daily um cross soon on RSI which

is bullish which send us up 71,000

72,000 uh this chart here this is the H1

chart again so key resistance a b next

Point shorts

69,800 possibly 60 69,900 right get

above that hold of support next

resistance up around 71,500 but again I

I think once you got up from 72,500 to

73,000 that's where you going take

profit and um or at least have a stop

below a certain point in case it drops

back

down uh again uh this is that ring we

crossed uh this is the center let me

give you these targets here so this on

the month this is the weekly let's see

here so on the weekly if we drop down to

that ring that ring is sitting right at

65,562 long at least on the weekly if

you'll take note this is a center

Bullinger band on the weekly that's

coming right up to this point here well

I can't get it right on there but pretty

much close to 6 64,000 all right so that

would be a point too long if we drop uh

to scalp along anyways but we've just

gone sideways since we crossed this ring

I think the last time we crossed this

ring I think the we went not the last

time the time before last it was like

what 12 12 or 13 days so we we've

crossed this ring you're pretty much

going to sway for a while so a dire

you're going to pick a direction soon

enough keep in mind the fomc is what

tomorrow or the next day so something's

going to happen we're a big move soon so

either we're going to drop down to these

key levels and remember once you break

below 69k I think it turns bearish or

we're going to push up so we need to pay

attention and just just watch and see

what happens if we get above 72,5 73,000

get bullish in the meantime I would

short that point because all of the

charts are showing get that as

resistance again

73,800 that's going to be a point to

short 68700 is a key support level

that's right around 69k so if that

starts becoming resistance you know we

have some much lower targets your next

support level below that is going to be

down around 63k so again that's close to

64k and again this 01 chart 72,000 um I

I would just pay attention to those

targets 72,000 73,000 short that area uh

if you want to go long or stay

long it's that's up to you I would if we

got above that point and held support I

might open along there with a stop below

and that would be bullish up to 70 uh

78,000 possibly 880,000 but until that

happens guys again I would just pay

attention to that level I pointed out I

have so many damn charts on the screen

right now but just looking at the

monthly guys we are so overextended and

this this this was a perfect like 40

bars from yellow line to Yellow Line

Peak uh 40 days uh 40 bars out you know

and that's how far out is that if we

just go from here to here that's roughly

what 61 days so I'm just trying to give

you something to pay attention to to me

it looks like we could have a lot of

downside but that does not mean we

cannot get a few pumps just to take out

people that are short because I think a

lot of people are short and expect the

market to drop which means hey maybe we

will push up and that's what that ring

represents you know people people are

going to start thinking we're going to

have some downside and they short and we

get one more pump we push it up and then

we drop but the top Ballinger bin on the

weekly is sitting up around this is

78,500 remember what I said before in

that last video uh 75,000 to 80,000 I

thought potentially could be a top if we

did push up I would definitely take my

profit and get the hell out at that

point but again it looks bearish but

again that's why this Market is so damn

confusing we cross this blue ring we did

get a pump and we came right back down

we're just moving sideways so can we

still go higher I don't know we we'll

see but for now I would just pay

attention to this level right here daily

opens above 69k stay bullish again I

gave you levels that you you can short

or take your profit how long you stay in

it's a gamble that's up to you but I

think once we get daily opens below 69k

I think it's time to start looking for

short entries because in my opinion that

would be bearish as long as you're both

69k that is bullish uh let's cover

Nvidia real quick uh this was a video I

put up a while back about Nvidia and you

can see these these red rings Nvidia

just recently had a split and what's

very interesting about these charts if

you've been following me for a while you

saw um you know I was making predictions

about Nvidia and we we moved up this red

ring we crossed it we dropped see we

moved up this red ring we crossed it we

dropped we had a little drop around this

ring but I just want to show you you

know how price is respecting these these

rings in these FIB channels right this

this line right here was support you see

these rings and these um fif Channel

lines were resistance well we just got a

split all right so all up here all up in

this area was where price was right well

we recently got a split but take note

even after that split look how well

price is still respecting these same FIB

circles are already in place remember

price action was was different before

the split but take note every time we

come up and test one of these um these

these rings and these resistance levels

right we came up tested these two uh

these two blue ring or the blue ring and

the yellow ring got rejected we hit it

we got rejected right it was support got

rejected you can see this flipped as

support perfect support pushed up see

rode up this as a resistance came down

to support moved right up this ring got

rejected at the blue ring got rejected

so I can just tell you if you're looking

for a short entry all right if if if

you're looking to play Nvidia probably

stay long right now

but if you're looking for a good short

entry or a point to uh buy some

puts I have to say uh

137 up to potentially 152 I think let

make that red guys cuz all my charts are

red means short I would open put right

around 137 if we got up to 152

definitely enter there have your if

you're if you're shorting have your stop

above that point if we get above that

point get out of your your shorts or

your puts but I do think this would be

an ideal point to uh short Nvidia around

that area your next support level if we

drop if you want to uh Chance some Longs

give you a price label here obviously

you can see this is going to be a very

you can see this we're still expecting

these red rings but these are rings

we've never interacted with because

there was a split so if we drop the

point you'd want too long there's a

previous high back here you've got you

got FIB channel line in this direction

you got this ring in this direction so

96 down to potentially uh 885 you a

great point to long and make that green

because green means

long so again I would pay attention to

those targets if you're looking for

point two um two short open some puts

for NVIDIA 137 152 and if you're looking

for points to go long if we drop that'

be around 96 to 85 obviously if you get

below that well you want to hold your

puts because we're going much lower I

just thought was interesting after the

split you know we're respecting these

rings and now that price split we're

still respecting these very same FIP

channels and very same FIP circles that

price had not interacted with until the

split and you can see it's still

respecting the chart which I think is

very

interesting okay guys that pretty much

covers your targets again pay attention

69k if we keep getting daily opens above

guys and keep in mind we're going to a

bullish crawl soon fomc is coming up

soon above 69k guys stay bullish once we

get daily opens uh below that I would I

sorry but it looks bearish and I think

we have a lot more downside again guys

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guys this R longest want to cover all

these charts and explain why these

levels are so important so just remember

that

73k is your key resistance level get

above that we're bullish up to maybe

708k

80k but if we start getting daily opens

Below 69k guys I I think that we have a

lot more downside I see you guys I'm out

CH smart