BUYING??? (BTC SOL ETH NVDA TSLA...)

Summary

The 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

00:00

📉 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.

05:02

📊 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.

10:02

🚀 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.

Keywords

💡CTO

CTO stands for Chief Technology Officer, a role typically responsible for managing the technological direction of a company. In the context of the video, the speaker mentions a 'new CTO Lon office,' which may refer to a new office or workspace related to the speaker's role as a technology expert or leader.

💡Bitcoin

Bitcoin is a decentralized digital currency that operates on a peer-to-peer network without the need for intermediaries like banks. The video discusses the Bitcoin chart, indicating the current state of Bitcoin's market performance and its price movements, which is central to the theme of cryptocurrency trading and analysis.

💡Support and Resistance

In technical analysis, support and resistance are levels on a price chart where the price tends to stop falling (support) or rising (resistance). The script mentions these concepts as key tools for understanding market structure and making trading decisions, such as when to enter or exit positions.

💡Trend

A trend in finance refers to the general direction in which prices are moving. The video emphasizes the importance of identifying and following trends in trading, suggesting that they are a reliable indicator until they change significantly.

💡Yields

Yields in the context of the video likely refer to the returns on investment, such as interest rates from bonds or other fixed-income securities. The speaker mentions that rising yields could have a negative impact on Bitcoin, indicating a relationship between traditional financial instruments and cryptocurrencies.

💡Loonie

Loonie is a slang term for the Canadian dollar, derived from the 'CA' ISO code for Canada and the bird that appears on the one-dollar coin. The term is used in the script to refer to the trend indicator 'LoL' (Line of Least Resistance), which is a technical analysis tool used to determine the path of least resistance for a security's price movement.

💡ETH

ETH refers to Ethereum, a decentralized platform that runs smart contracts and has its own cryptocurrency called Ether. The video discusses the price action and trading range of Ethereum, highlighting its importance in the cryptocurrency market.

💡Solana

Solana is a high-performance blockchain platform for decentralized applications and cryptocurrencies. The script mentions Solana in the context of its price support levels and its potential impact on the market, emphasizing its role as a significant player in the cryptocurrency ecosystem.

💡Meme Coins

Meme coins are cryptocurrencies that are created as a joke or for fun, often based on internet memes. The video references a rumor about a meme coin being launched on the Solana blockchain, indicating the speculative nature of some cryptocurrency projects.

💡BNB

BNB, or Binance Coin, is the native token of the Binance cryptocurrency exchange. The video discusses the technical analysis of BNB's price chart, showing how support and resistance levels, as well as trend lines, can be used to analyze its market performance.

💡Stocks

Stocks represent ownership shares in a corporation and are traded on stock exchanges. The video script mentions stocks like Apple, Google, Microsoft, and Nvidia, discussing their technical analysis and entry points for potential investment.

💡Tesla

Tesla is an electric vehicle and clean energy company known for its innovative products and technology. The video discusses Tesla's stock performance, noting its recent price action and potential opportunities for investors, while also considering the competitive landscape of the electric vehicle market.

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]