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that friday closure would indicate some inbound let's discuss [Music] welcome back to crown's crypto cave getting up for a little bit of a later saturday morning over here from once again a negative five degrees celsius helsinki finland as always wish you the best the best and the half the happiest and with that said we have plenty to discuss not just short-term time frames but also long-term time frame since we do have cme closing for the weekly uh yesterday and then obviously setting a lot of things into motion but as it is saturday and sunday and as we did say on the late day wrap up uh yesterday the later day video essentially that uh inbound so with that said let's get a little bit more surgical here and put the folks over here on the crown gene application which we found at app.crounching.net more importantly with this it's actually the second of last day that you're going to see in this form so enjoy it while it lasts and then poof just like magic there's gonna be a whole new ui going on here which is gonna be oh so sweet which i'm very excited for anyways let me just make sure that my phone's working it is the camera is also working and we're recording that's great all right excellent opening should still hang around the same levels that we saw from yesterday to today as well not really anything too crazy to discuss right there but does play in the narrative that this market is still within a consolidation nature and the bitcoin dominance still playing into the narrative of a rotational market of which i do want to follow up on that because that is going to really come into line especially not with tonight's closure but actually tomorrow night's closure for the weekly on spot price action obviously all the rest of uh cryptocurrencies anyways fear and greed index uh seems to be broken here too in fact i think a lot of this stuff is actually frozen in time right now come to think of it as i believe more info might have might have discussed with me that uh we're gonna have a little bit of issues with the app so you know what when i go into the minutia over here let's see if it's the same thing as what we saw yesterday and it is not actually on the funding rate very very interesting but i think that we're i think that we're going to be a little bit lackadaisical with kind of updating it within these last two days because all the focus right now is is is uh is on the new overhaul with this but this this data does seem to be uh correct down here and more importantly with that we actually see ftx at negative 0.3 rate everyone else kind of at parity except for okay x and fema x a little bit out there and actually fenex uh posted a negative rate as well but really not much to make out of that on the weekend uh hours and i believe right now it's just gonna be a better time to go into price action charts themselves because uh we don't necessarily have the best or we don't really have any major insights to be had from that as it is right now so starting off with cmes right here for the daily and both weekly closure which happened yesterday friday that is i do still like this overall and while we did say yesterday after the 37 500 uh target was hit from taking out the 33 500 level to the upside yesterday just like having to fit everything in here you can you can you can reference yesterday's morning video for all of that i actually really do like this closure as it is right now but because it is a weekend i do look for the weekend to be more or less well for for lack of a better term induced or inducing however so with that in mind keep uh keep keep keep an eye on where cm's actually did close on friday which was 34 855 so i do believe that bitcoin probably does dip a little bit below there over the weekend uh time but once we get around to weekend open or new weekly open tomorrow that would be sunday at i believe 5 p.m central standard time then i'll be looking for things to kind of crawl their way back around this region and then game on once again so everything that happens between now and then is kind of um is kind of second to the setup that i see on cme compare that with what we see on spot price action over here and it's you know it's kind of like a world's in days apart but as it is right now we do see them we do see momentum also specifically on the three day here starting to print a signal a little bit of the signal as it is right now and keep in mind that this one actually is gonna be closing tonight at 7pm eastern time so what i want to see here for the three-day dmi 80x is i want to see the dmi plus remain dominant so obviously retain its positive slope as you see right now and the adx with the same thing as well both of them are currently above the threshold but i need to see this next tick which which will actually confirm it and if the tick does come down on either one of these not just the adx not not just dmi but either one of them uh then i would i would not look at that as an education signal but if we see them both retain their positive slopes doesn't need to be that that crazy possibly uh you know erect there but if if they just retain that positive slopes then yes i would be looking for this to produce its own signal obviously three-day macd not really giving us too much as we don't really see a breakage of structure here overall and more importantly today we'll have a chance to close above the 9x benchmark average as well which to me that is my lowest period moving average on a chart like this and usually my charts anyways and that would suggest that this is still to be considered re-accumulation on the bottom side of this range about 30 000 bucks or you can make it more like 31 000 to about 40 000 to the upside anyways with that said today like uh on the lower term timeframes i'd be looking for a little bit of i don't really think that you know the three-day place plays a whole hell of a lot into uh you know what's going on the hourly or four hour for the love of god but as is right now that's what i'd be looking for to confirm more or less the healthiness of this um or the health uh signature of this current formation going on right now uh leading into tomorrow's open obviously so with that in mind i do believe it would be worthwhile to actually go check out mr b drill as well and let's go to my more long-term chart right here yeah 1340ish region of which we did see the daily closure yesterday not necessarily on new highs however this is still looking actually more or less good to me good to me believe it or not and i would essentially be having the same sort of um uh interpretation of uh you know of this chart as it did yesterday however there is now a way to kind of get a little bit more um what's the way that i'm looking for a little bit more bullish uh sooner if this condition is met and that would be taking out yesterday's yesterday's wick high to the upside which is 1443 even on i think this is bit stamp right here but bringing up a momentum also does as well same sort of signals potentially baking over here as well we see the adx really starting to strengthen a bit dmi plus is very close to the threshold not there just yet and if you are uh curious on how to actually use this indicator definitely reference my video on it uh that was posted on this channel it's 100 free to uh to go and check out and uh and that will go into more detail onto how this one actually does work but in this case right here if we do see one of two things either taking out yesterday's wick hi to the upside which again is uh 1443 or especially closed above the top side toronto band plus the next signal on the dmi coming out later today at 7 pm certain time continue on with this with the dmi plus actually getting dominant that would be another damn good signal that not only will we once again test the upside but break out to the upside and i would imagine that that daily macd would fall through with that as well although i need to put on caretaker's new reverse function of that so that i can know exactly where that uh that crossy upside would happen just out of uh you know blot or or just blind ignorance here or maybe not blind ignorance but a uh an educated guess i would imagine it's probably going to be somewhere around the top side trying to ban as it is right now which is about 1450 1460ish regions so that would be momentum also it's turning up as trend oscillators and volatility-based uh based indicators do start to produce another upside signature of which you know then we can start to target well 1800 to 2000 bucks essentially and maybe even more than that over time but for right now uh to the downside it's still the same criteria actually as the prior uh last couple weeks and that would be i am essentially bullish on this as long as we're printing that higher low structure and your last higher lobe was right around here at about 11 11. i would not consider this your higher looks it's not a clear stop and reverse on a daily if you're looking at a 12 hour yes it is but that's not what we're doing this off we're doing this off of daily and of course you can fit a nice little trend line there too if you do want to govern those those higher lows and that probably be coming in somewhere around 12-ish i would imagine uh 12 32 yeah about 12 30-ish regions so i'd even say i'd even go as far as saying that uh as long as the daily is closing above the 20-moon average right here which is basically that same number then yes more or less fine however can come back down to that region and i look at that as first and foremost an opportunity that also means that also means on the other side if we take out this region well that is your reversal and downtrend to come and we'd start to target a first move down to about 900 bucks uh probably bounce there but ultimately uh extremely unlikely for reversal there and further continuation down to the 750 level and maybe even beyond would be warranted but for right now i give it the benefit of doubt and again cme is really driving that bias as this area still does look like a re-accumulation um which you would and which would be implied by this formation right here as an ascending triangle uh which would be marked off by upside resistance right in this area right here and obviously that would be drawing the measurement to the upside as well and just kind of doing some bad mental math i think that would be about a seven i think like 17 or 1800 dollar target again if that condition is met so all that hinges upon that same sort of region and into the regular charts we go over here of which oh yes i do want to talk about uh traditional markets so should i say this yeah i think i'll save this actually for a little bit later because right now we are on a bit of a roll with bitcoin and mr buterol and so we'll go back on over here and let's go down to the very low term timeframe so again what i'm speaking about is really only relevant for the next week to come um or what i've spoken about so far is really relevant for the next week to come i really don't i really don't put too much weight on this on this weekend price section as we said yesterday in fact yesterday we did say or yesterday i said that uh if bitcoin does come back down below 34 500 i'd be looking for another swipe of the lows here so you know granted that i mean it technically has broken structure once again to the downside this one's just flipping and flopping every which way that it looks but uh but ultimately you know if it wants to come back down and base around 32 000 bucks certainly not out of the question maybe even wants to have another stint back down to the blue box territory right around here which is about 30 800 and uh and that would be not out of the ordinary breaking below there that's when i do get bearish once again but i uh but obviously i want to see it followed up by a volume signature some of what we saw on any one of these breakout volumes over here and that would confirm an actual break to the downside obviously we did have that trap a little bit earlier this week right around the 30 000 level and that would still hold true if bitcoin actually does do it but this one very obviously a trap just based off of the volume signature and also the uh and also the volatility signature and also the open interest signature when we come into this region but right now um you know will bitcoin have another chance to kind of test that out over the weekend perhaps yes again i really really really really really don't like trading on the weekend for this exact reason it just usually is a bit of a bit of a mess compared to the to the actual week's direction so with that in mind uh for all the people with three balls out there trading over the weekend you know if you if you put a gun in my head and said uh what's gonna happen next or or what i'd be looking for next i'll be looking for probably another another another swipe to the downside somewhere around about thirty two thousand bucks maybe thirty one five hundred ish region and uh four hour stokes are pointed healthily down as long as about uh as long as we're below about 38 uh sorry 36 850 as my dyslexia getting in front of my uh in front of my eyes right now uh four hour rsi is more or less neutral here i do still like it overall we actually did get that really really critical uh move outside of the bearish control zone from a couple days ago yeah actually three days ago that is now on the january 27th and we did identify this at the point of time as well saying hey if this is going to retain its long-term constructiveness we really want to take off right here and that's what we did see um but now just just kind of trading sideways over the weekend is uh more or less warranted now it doesn't really tell us too much about this just more or less uh ranging action on the short-term time frames and currently speaking the range on the short term time frames is about that same 34 500 ish level that we just spoke about and pretty much the dow or you know pretty much this blue box territory down around here to be fair although i would say that anywhere around uh just below 32 000 bucks would potentially be a good short-term pivot if you're on like the crack trader time frames like an hourly right here but that's really not my game and that's really not something that i want to be focusing on and more importantly i'm getting ahead of myself here so let's go back to the three hour and what do we see on the three hour yeah it still knows diamond as long as below 36 850 as well so three and four hour are in unison here two hour is actually still down as well as long as below thirty four thousand five hundred or thirty four thousand six hundred actually and uh hourly is going to be showing what is actually trying to pop back up right now but will be forced back down with any sort of a closure below thirty three thousand and seventy bucks so what does that account for well seeing as we do see a bit of bifurcation between the short-term timeframes and the uh or just basically the short-term time frames is is is is just ranging activity here technically speaking we do have a bit of hidden bullish divergence on the hourly i'm curious how high of a time frame that goes up to and by all he could put it in if it put if it confirms a local low here but that's not going to be confirmed until we get back above on a closing basis above about 33 950ish region what about on three hour is this does this have the same sort of signature potentially yes uh same sort of criteria actually for this one about uh actually this one a little bit closer to about thirty four thousand bucks and four hour and not really there just yet this does not look like this certainly not a confirmed low or it looks still like continuation at its current stage so with that in mind um you know again over the weekends i just don't feel like this is i i i really don't feel like this is uh worth even talking about to be honest with you i feel like it's more confusing than anything again if i show you this chart it's like wow that's uh that's that's quite the fake out both ways there and then if i show you this chart you're probably like oh okay that makes a lot more sense and this is cmes this is the one that put the most weight on and this is the one that is uh running the professional markets at least in my opinion as it does hold up with the second largest features trading volume in cryptocurrency landscape now but uh i would even i would even argue that maybe maybe it even is the most seen as the current uh the current holder of the most um liquid futures is technically ok x but ok x kind of known for their uh wash trading there so again fair enough um i don't know how much i trust the data coming in from okay x again you know just call it as it is but uh but in this case right here i think cme chart has a lot of things going for it actually uh we do see that daily is printing hidden bullish divergence one two three stamps that we identified a couple days ago more importantly we do see that this move is coming above all major moving averages on volume and we do see that momentum also is on the daily turning up as well as long as we got our closure above 32 000 bucks which certainly did happen that's already confirmed now we're just waiting for the next open coming in again tomorrow on sunday so uh sorry matching that up with again the signals that we saw printing over here on the daily for again cme specifically not for spot price action but for cme specifically we do see first off a bullish reset on on on macd instagram right here essentially bitcoin holding the range while not actually breaking down and even putting in a bit of a well about the same low right there more importantly what do we see on dmi 80x we see a signal actually building dmi plus is very dominant adx starting to really strengthen itself up this is looking good but i really want to see this continue on uh on open when we get uh when we get cm's trading on sunday so keep that in mind three day kind of kind of similar as well but not necessarily there just yet and and uh by daily doing about the same thing as we do see this uh strengthen once again so i like all these things together cme still kind of tells the story and cmail obviously holding the range here as well so i just think it's an easier chart to read but obviously since it doesn't trade over the weekends that's usually the time to have a bit of a bit of bit of flakiness both to the upside in the downside but seeing as yesterday was mostly an update i'd be looking for the downside region to be explored on on spot price action again this is one of the big reasons why i do not trade over the weekend and why i did close out positions on friday more importantly and uh and also kind of referencing back to what we spoke about on the late day wrap up for friday saying hey things look more or less good but over the weekend probably i'm probably gonna test a little bit of downside as it typically does and uh and that is indeed what we're getting right now anyways check out what the 12 hours saying at the current moment in time on spot price action we do see that it is actually still angled to the north side right here as long as above 31 600 ish region so fair enough on that one again i mean it's not really going to give me like major upside targets here obviously but it would um you know you know it does still kind of play it in the narrative that this is more or less fine more or less a more more or less a bastion of re-accumulation uh what about the daily do we see anything of a particular note here actually very similar to what we see on cme it doesn't have the same sort of hidden bullish effort as to be fair but we do see that daily stokes are pointed nice and erect to the upside as long as you're above 31 800 buy daily is closing is that one closing tonight tomorrow uh tonight yes and three day is also gonna be closing yeah that one close tonight as well so so buy daily and three daily uh both closing at the same time however as long as we're below about 37 thousand bucks on the three days we spoke about and the two day 37 750 so about 750 bucks uh higher than than the uh then the three day then technically speaking momentum also this will stay to the downside but i'm really really really really really want to see where cmes actually do open and open back on up um is there anything else that i want to be aware of yeah okay there's something really big over here going on to nasdaq actually do we want to do this right now now let's go over and check out ethereum because ethereum again does sometimes run the market and what i'd expect to see if we are going to see rotations continue as i'd expect to see ethereum kind of take the reins here a little bit seeing as it's a lot closer to breaking out to the top side here and that is still looking more or less fine actually we do see that daily ethereum is going to pop back up um uh on our sorry on on our daily stokes right here jesus christ man my voice is my my thought processes are just up today to get enough sleep ma'am uh 1370-ish region of which we're about to clean 30 bucks below right now so keep that area in mind if if ethereum does close above that today do i think that it's actually going to take the next leg up and resolve this ascending triangle to the upside very likely yes and again that would have a target up to the next measure move which would be just below actually just below 1800 ish region right here ultimately though i highly highly doubt that things actually do stop here just because i almost never see them stop the two spot extension just a little bit of algo profit taking realistically it's 1800 to about 2 000 bucks that i'd be looking to between the 414 and the six one eight in this case right now um still looking more or less good and we do see that it even has a little bit of hidden bullish dividends playing out right now as well so i do like both of those things in confluence with each other but of course i want to see something very specific with what we looked at on the daily for the secondary charts and then right here that obviously imply well you know obviously if if that condition is met on the secondary charts above i think it was 14 40 or 14 14 uh let's actually double check or it's just yesterday's time uh 14 43 actually yep okay so 14 14 40ish region then obviously that's going to drag the daily mental modifications back up as well so we'd not only be resolving structure but i'll see momentum turn in that direction macd histogram was also you know very elected across the upside there too and then of course dmi plus would have continued its dominance alongside the adx strengthening as well so all of that would be really really really really really good and this stair-stepping formation right here is well more or less healthy again as long as a higher low structure is met and that is coming in around i believe it was 1250ish region which we're clean about 400 or not 400 but 100 bucks above at the current moment in time if we're going on to the very low term timeframes is there anything to be aware of on the four hour right here looks like my charts up um yeah it you know it does look like once that's a little bit short-term downside perhaps again i really don't trust too much on over the weekends but in this case right here we do see 14-13 is the magical number to remain uh upside postured on the lower term time for momentum offsetters uh three hours gonna be showing about the same thing as well uh just below 1400 as you can see so a little bit more pressure down in the more immediate term so if it did call you know if i didn't call it right now i'd probably be looking for you know another swipe of the downside maybe somewhere around 12 50 to 1280ish region in fact based off the byerly right here about 1280 would be about right um and just moving on to the hourly as well we do see actually still angled down here too so yeah probably does explore a little bit of the downside of the range however uh would i be calling that a full on breakdown no there's no breakdown of structure here again especially as long as above the daily 21 but that rising trend line is coming in around actually basically the 21 as well a little bit below there i suppose but but about the same at the end of the day and then of course there is your higher load about 11 11. so as long as those two things are holding well not any major issues with it and i generally favor the upside here uh assuming that the daily uh meets the condition that we set out earlier so the basically the picture that i'm painting right now is i i do think that this weekend uh very likely ends up being a major opportunity um there is one major counterpoint to the things that i'm saying however and that would be this if you are looking at the traditional marks correlated or are still correlated with with uh with with bitcoin and the greater kryptos currency universe then we'd be looking at nasdaq right here and we did meet our we did fulfill our criteria for reversal two days ago that was and that is going to drive targets down coming into next week at the very least to 12 650. uh i would be looking for a short-term bounce there but ultimately do i think that things would stop there um probably not i wouldn't be surprised to find this thing back down around uh 12 4 maybe even 12 base uh spy feature is a lot more obvious on this one too we do see that not only is one two three drives of bearish evidence confirmed on the weekly by the way that is actually in fact just four drives you want to be super exact with it um that will drive targets back down to uh just below 3 600 bucks uh sorry did i get that right 3 600 yes just below 3 600 bucks we see weekly momentum also it's turning out at the same time we see weekly rsi getting kicked out of the bulls control zone we see do we see anything else do we see any signals here no we do not but what about on the daily i think the daily had a few other things going for it as well yeah the daily joule did give a cell signal right here on or actually first first off right here on the 14th of january then again for a fully perfect one on the 26th of january and that was exactly where 26th of january was right here so that actually did get the dump and the one before that was a setup i think back on over where's the 14th right around here actually so usually when you see that you know it you know it you know it is going to fall in that direction this is again coming in on expanding volatility so i do look for this one to uh probably bounce a little bit off this level uh to open up next week however uh ultimately a further downside would be implied we have the same sort of bearish evidence on the weekly here one two three four stabs coming off the last four highs more importantly we do have a bearish engulfing dildo on ah decent volume decent enough at least while momentum also has turned down and yes i would be targeting at the very least a move coming into next week just below 3 600 bucks and then come back to it after that probably a small bounce there and then i want to see it in real time you know do we get an actual like shatter below that region possible but i give it a chance at least on the first pass uh so i mean i'm just trying to think what would be what you know what would be the next level if that area does break i suppose 34 uh 3450ish region to 33 50ish region but i'd want to see that one in real time and obviously that's very far away right now i'd really only feel comfortable talking about the 3600 level first and then come back to it after that so if you are looking at these markets as correlated well traditional markets are kind of reversing here at least for the medium-term time frames and uh could that carry on over into bitcoin well potentially yes i suppose if you want a little more of a bearishly imposed view on this anyways um you know again if i'm just looking at bitcoin if and i'm just looking at uh cmes i do think that this area does essentially get re-accumulated here um does it swipe back down over the weekend to like thirty two thousand dollar low potentially yes i don't have a strong opinion on that my strong opinion is on the coming week here the coming week actually still does look pretty damn good so i i do i do happen to think that this is gonna be an uh uh it's gonna be an opportunity again that's my opinion i do not trade my opinion i'll be happy to trade uh once cmes open back up again because i do think that there is potential long-term trade uh baking up here uh probably this week if it is gonna work out probably this week actually anyways um enough of my stupid opinions how about some more altcoins yeah you love all coins i love all coins too just kidding um anyways what about uh link still still stairs thumbed its way as well i i still like this one actually takes out if it takes out yesterday's high anywhere above 25 77 i'd be looking for this one to melt up towards uh 28 and a half dollars or sorry that target's already been met so realistically your neck your next real target can be like 31 to 32 bucks i actually quite like that in fact um actually we should check out microstrategy pretty damn good actually we did hit our jesus christ we did hit our second long-term target here i haven't even looked at this one in a while but uh but yeah would make sense to kind of sell off this area for a little bit coming in from our uh may of 2000 literally uh more than 20 years ago now uh major macro resistance so i probably would be looking for a bit of a bit of dramas within this region but this one's more or less following bitcoin rather than leading bitcoin so i'd be looking at this one as a bit of like a delorean trade probably does play back down into range maybe it has another test back down towards like 450 or 430ish region but that ultimately very likely does uh as we see on spot price action for bitcoin turn into an opportunity so if you are trading that one is kind of nice because you get a bit of uh you get to kind of see what bitcoin's already done before that one makes this move kind of different in the way that they respond to each other but uh but in that case you can kind of you can kind of see where it's coming in around anyways um daily on theta let's not even talk about it what about dot let's not even talk about it we did we did bounce i think what we said we would yesterday no no no no uh no i would have not called this one yesterday would have i would have said bounce that's 47 000 satoshi's back up to about 50 000 satoshi's which we did well we overshot it first and then we did get it but fair enough yeah that's why i don't trade all coins how about that anyways um let's see what about buterol versus bitcoin so we did say a bounce yesterday at 3.7 million satoshi's and actually there we go uh three points a little bit lower than that to be fair but uh but the bounce is in progress right now it looks pretty damn good almost back around four million satoshi's actually still like this one this is a very very strong read we see hidden bullish dividends on the weekly plus weekly mention also still upside angled actually quite like this in fact and i'd be looking for this one to probably pop back up towards about four million two hundred thousand satoshi's uh into the next coming week you know i i do think that ultimately there will be continuation here uh coming into february i mean this looks really good any sort of a closure above 3.7 million is very likely to well very likely to continue over the next few months i'd imagine at the very least to like five and a half to six million satoshi's and then uh and then we'll come back to it after that but no not all alts are created equal apparently as we do see some like litecoin can't even hold on to its lows so that definitely on the other side of that equation um and uh and very interesting right now because we do see bifurcation in this market which we haven't really seen before uh in terms of in terms of like some alts just absolutely you know beast in it and somehow it's just getting absolutely pummeled uh of which litecoin definitely on the other side of that one so going back onto bitcoin over here you know it looks it you know looks like looks like we already even got that move so maybe you know maybe if i'm looking at the lower term time frames it's not even worth to even look uh look back down around here but then again it is the weekend you're really seeing me struggle with this because i do struggle with that on the weekend that's why i don't trade on the weekend get that out of my face um just seems like unnecessary risk for me and seen as this trend line's no longer relevant let's get rid of it um what can i say about the lower term timeframes as they are right now not much honestly to me i i i this just like looks like a whole lot of jesus toast me maybe we can throw on a volume profile and see if there's anything more uh interesting right here and yeah woods would still kind of uh show a little bit of interest a little bit below here as soon as we did break this volume node but that is the 34500 pivot okay so i like that this is your same yeah about thirty two thousand dollar pivot right here so if we do come back down thirty two thousand dollars is a you know it's like an obvious area um but if bitcoin does close back above thirty four five on a four hour would that mean anything for me over the weekend if if this was over the weekdays yes it would and i'd target that same move back up to about thirty seven thousand five hundred and probably this point beyond seeing as we've already uh kind of met that uh you know met that target from before um but it you know over a weekend do i trust that i just i don't honestly i really don't anyways okay uh there's a few other things that i want to discuss right uh let's throw in a standard deviation uh whoops that's the wrong one let's actually pull up kvdbs as i want to see what he's showing today okay expect it moves yes there we go let's see what the four hour has to show yeah first aviation would be right around that 34.5 level to the upside on the four hour and to the downside yeah just below thirty two thousand bucks so i do feel quite confident that is the range for the weekend and i don't really think that we're gonna see two you know too many interesting things until until the real trading week starts so i'll have to wait for cm's to open but but so far so good i suppose um anyways uh oh let's go check out uh let's go check out uh caretakers as well looking very good here on the weekly actually uh any sort of a weekly closure above this white above this white line right here is gonna look pretty damn good for trend continuation uh coming into february actually we should probably look at the monthly tomb uh but before we do that let's see what the daily says yeah showing a massive range right there as it should what about the four hour uh massive range as well let's go for the shorter term timeframe range the weekend range if you will and what do we see here i'm not really getting this too much actually it's a little bit too wide right now yeah i actually would not trust that in that in that particular situation but maybe jokes on me in this case yes so and you know in this case i'm actually i'm actually finding that a lot of my edges are just not uh not something that i want to be using in a range like this i i really want to see how the open comes in tomorrow for cmes but ultimately things do look good as they are right now it's just really more or less a question of me over the weekend do we get another swipe to the downside maybe around 32 000 bucks or a little bit below there um and if bitcoin does get a four-hour closure above this loss pivot at 34.5 technically speaking i should be bullish off that but i just again i really just don't like this weekend trading uh environment um do we have any sort of uh differences now building up seeing as bitcoin is putting in a little bit of a short-term low yes hourly is certainly confirmed by hourly is in the process of being confirmed we will be confirmed with any sort of a closure here or higher in the next 58 seconds so you know let's just wait around for this one yeah this video is only 30 minutes long so that's that's uh that's fine by me and uh three i was going to be doing the same thing as well confirming in actually one hour from now but i imagine if the two hour does confirm then yes we probably do see another move back up and you know what i'm gonna be or i'm going to have to swing back around on uh you know on the earlier analysis and say hey no that's not going to be correct short term is very likely to test back up towards 35 000 plus again this likely does turn into an opportunity but let's wait for this one to actually close we got 28 seconds left to go i think i'll just kind of uh peruse around the market here and tell them just see what else is up to uh to to spend some time what about link versus bitcoin uh short term down daily down as well then what about the weekly uh weekly still long-term fun i'd still be looking for like 100 000 satoshi's plus long-term but uh but short-term probably a little bit of downside displeasures m what else do we have maybe ripple what is ripple doing ah sideways sideways af not doing it all right and there we go there is the closure let's go back to bitcoin see if it did indeed confirm those levels and it did actually did it hey show it to me mother of a it it uh i i would consider this one uh confirmed seeing as we did close above the last wick high yeah 33 927 closure or sorry uh high versus 34 uh oh 30 uh closure yeah okay yeah this one is certainly confirmed i'd be looking for a chart to move back up into the uh upper 35 thousand dollar region somewhere around 35 five to about 30 35 8 region and then you know does a good continuation on top of that perhaps yes again i really don't have a strong opinion over the weekend it's all a setup for the cme open uh coming in tomorrow which i would i would still be bullishly biased on it to be fair uh looking at also the monthly which is going to close in just a couple days here as we are on the 30th so one day two days left of trading on spot price action technically speaking technically speaking that does mean that cmes have already closed for the monthly hasn't it doesn't uh hasn't it um let's see yeah yeah yeah technically yes because when they open up tomorrow that's gonna be for the first right yeah yeah so it would so this is the monthly closure for cme hmm actually a little more concerning to be fair i think i'll hold off and say anything more though until we get spot price action just because it doesn't have the same history as cme uh but looking at this right here any sort of a closure above thirty four thousand six hundred bucks we actually will still see momentum also it's pointed northwards again a lot can happen in two days and seeing as bitcoin can sneeze and produce a thousand dollar move that means absolutely nothing right now um monthly rsi getting pretty exaggerated there to be fair getting pretty exaggerated but we don't necessarily see any sort of a confirmed local high just yet this is going to be a very interesting end of the month oh boy it's going to be a very interesting end of the month here um other than that though i think i'll wait until at the very least tomorrow so we can have a little bit more of a clear uh uh clarity on this situation so yeah for now i you know i i think bitcoin very likely just gave you a uh gave you an opportunity right there i'd be looking forward to pop back up probably towards you know a little bit a little bit shy of 36 thousand bucks again if this was any other time but a week a weekend i think that this would be pretty damn obvious but um because it is a weekend you know i do i used to want to keep open the the uh the possibility of it coming back down about 32 000 bucks or even a little bit below there but but ultimately i do still think that cme is showing the way anyways let's wrap this up i'm going to yeah let's throw on these right here actually let's go to this chart right here throw on these okay and let's make sure that we focus on cmes here as well okay okay and what about the weekly all right sweet excellent excellent okay let's wrap this up first and foremost focus on the cme as i do believe that spot price action is a little bit of a little bit of a opportunity over the weekends and as we do see cme did close the week out at 34 850 which is more or less fine within this region and does set in a little bit of a structural low off of this what would be called a dojish dildo meaning that if we do have continuation above the high side of this week which would be 39 100 on cme specifically obviously spot price actually gonna be a little bit different than i would be looking for not just a new all-time high but or not just a re-test of of the prior all-time highs which on this chart just below 32 000 bucks but new all-time highs uh probably into the 50 000 region over the next couple months if i had to guess now with that said cme is showing a completely different picture than what we saw on spot price action and i do put the most weight on cme i do still look at this on the daily as more or less good we did close above the 20 simple we did close above the uh the uh the uh the bull trap pit or sorry the bear trap pivot from two days ago so that was producing our upside by it's coming into yesterday to that 37 500 target now when when when cme does close i would essentially be looking for this signature to continue upon open tomorrow on sunday very very specific here if we see the dmi plus remain dominant with its positive slope plus the plus the 80x i'll strengthen as well that's gonna be a damn good indication that bitcoin is going to pull through here and put in input and basically put in a re-accumulation phase of which we are maybe in the process of completing right now as well as daily macd also crossing up to the uh sorry also having essentially a bullish reset and giving it a chance to cross the upside with any sort of a closure i'd imagine if we put the reverse function on it anywhere above about 40 000 bucks but so i need to put that on my on my charts here and they do release that video as well but i i think i need to release the video first before i actually talk about it anyways um on the short term time frames again i you know i like the way that cme looks i like the way that they closed out on friday uh but seeing as it is a saturday and people are are insisting on trading over the weekends when professional marks are not well fair enough you know to each their own but in this case here you know if it was any anything other than a weekend i would say yeah you know obviously we have hidden bullish diverseness on the lower term timeframes here by early is actually barely did confirm it the three hour is in the process of confirming it on the next closure which will be confirmed with any sort of a closure above about thirty three thousand nine hundred and then i would be targeting to move back up towards uh thirty five thousand five hundred to thirty six thousand bucks anywhere around there would look fine and that's going to start to turn back up our momentum or actually no we'll not turn back up our momentum also so fair enough on that one i would hold a hold study on that but because it is a weekend a lot of the time you do see you know just counter moves and a lot of washout moves in this case you know bitcoin wanted to come back down you know anywhere around 32 000 bucks maybe a little bit below there i'd look at that as an opportunity to be honest with you um it's just i i really am hesitant to say more direct things over the weekend like that on the lower term time frames to me it's all set up for the cme uh open to come so with that said things still look good here uh i do think that uh short-term timeframes do do try another move back up a little bit past 35 000 bucks or 35-500-ish region and of course we do see that uh ethereum also still looking more or less fine as well as long as it holds the daily uptrend of which our last higher low coming in around 11 11 still and i'd even just be generally bullish on it as long as it's above the 21x benchmarking which right here and i'd look for a theorem to actually lead into this next one if ethereum breaks out because it's you know well it's closer to breaking out than bitcoin then i'd essentially be looking for bitcoin to well uh mimic that move over time we do see that 1370 is the magical number for turning turning daily metamorphosis back onto the upside which are currently about 30 bucks away from right now we do see that daily uh rsi has hidden bullish divergence and we do see on the 12 hour uh already momentum is actually turning back up as long as we get this next closure above 13 30 regions so i do like all these things inc in conjunction with each other and i look for ethereum to essentially set the set the tone on this one it does have a bit of an ascending triangle going on right here as well obviously and if that does get resolved by taking out basically yesterday's high which was 1440ish region then you know 1800 and 2000 bucks are essentially on the table and well we'll come back to it after that so with that said do you want to wish you the best best in the hats the happiest have a nice little saturday in your life and i'll be back on tomorrow doing the same thing same time same place wish you well and until next time