bitcoin Block Reward Halving Countdown-Bitcoin Halving 2020, EBitcoixplained -bitcoin halving price prediction
having in seven days money printer still
going absolutely out of control this is
like a cryptocurrency moon boys wet
dreams baby well welcome back to crowns
code okay actually bright and sunny
Tuesday morning over here from Helsinki
Finland as always want to be was she the
best the best in the haps of the
happiest which someone actually asked me
yesterday why didn't you why don't you
wish us well anymore well I do it's just
I do it at the end of the streams to
include but hey why the fuck not it's
free to do and it can only help I guess
anyways on top of that, we have plenty to
talk about with good old price action
today I'm gonna fall upon yesterday's
the balance he bounced which we saw we did
not hit actually specifically the lower
term target but then again that the the
triggering effect for that was never met
and the balance emerging from it the
first bounce target of 9,000 has been
hit so what next is essentially gonna be
the lower term conference but because
the lower term timeframes are really
starting to coincide with a medium and
higher term timeframes there's actually
a really big interest in the more
proximal movements of Bitcoin of which
the open interest actually accurately
named once again back above 700 million
so we could really have a chance here to
confirm the next sort of phase in the
mark cycle I want to see the shoot up
about 80 million to 100 million plus on
the next move and that should certainly
could I shouldn't say certainly but that
will do a damn good job and really
confirming the next sort of phase the
mark cycle which can really initiate
some very powerful moves which we'll get
into a little bit later
anyways on top of that all the all the
top end dashboard metrics are more or
less the same by the way this is on the
ground written application which can be
found for free by the way at apt crown
trade net and in what do we have here we
have the Bitcoin DOM and it's still
headed north going up a little bit for
message to today which we have been
bullish on for a while and I do believe
that this is on the precipice or
probably already has initiated those
higher term targets up into the 70 Plus
percent region so most all its gonna be
getting hurt versus Bitcoin on this next
move very very likely however if Bitcoin
goes up versus the US dollars which it
is kind of hitting out a few moves right
here and right there
then I would expect alts to go up versus
u.s. dollar however just not as much as
Bitcoin so they will likely
on the ratio but but not versus the
dollar a strong Bitcoin is good for all
strong a strong tide lifts all ships or
a high tide lifts all ships or a tide is
a ship no what the fuck was that man all
right so I don't edit my videos so I
can't edit that out so I'm just gonna
sound like a goddamn moron anyways
what's different man what's different
anyways crypto fear ingredient decks
actually taken down a little bit from
yesterday to today I'm still kind of
tied into the analysis here but really
the the the interest is with the open
interest so let's go into the price
action analysis charts and we'll start
with a two day I will go back down to
the lower term timeframe soon I
typically want to avoid higher term
timeframes during the during the week I
want to say that for the weekends
playlist titled long term analysis but
start off with the two day right here
just because it is of interest right now
and it is going to really align with the
lower term time from analysis to the two
hundreds in mood average which is a
swipe moving average right here has
accurately gotten a lot of the phase
shifts in Bitcoin going back to the
Genesis is it perfect no is any tool
perfect no not really but it does work
more or less for getting a long term
bias and what's relevant about this is
any time that we've been above it
generally bullish any time that we're
below it generally bearish the slope of
it further confirming that fact so
whenever it has a positive slope we're
still kind of you know biased towards
the long term upside when whenever it
has a negative slope and Bitcoin price
is below it as well then that is bias
towards the downside see that it gets a
pretty damn well again not perfect but
we're talking about macro areas here
going back all the way to well the
genesis let's move to spoke about and
now bringing it towards our further time
right here and what's what's significant
about this at the exact moment in time
is that this will I believe the ending
tonight yes it is so we get a new true
day till vote later it's not at 8:00
p.m. Eastern or time the reason why this
is relevant is because as you can see if
it if it ends here or higher at you know
anywhere above 9,000 essentially it's
gonna look like a retest of the torrid
simple and a confirmation of a bounce
which to me looks really really really
really really good for continuation to
see upside which now makes me want to go
down to our lower term timeframes right
here let's actually put back on all of
our beautiful and lovely and very
efficacious major movement averages and
just start off at the four hours so
yesterday I did say that I would be
looking for another sweep of the lows
week
got it you know I was looking a little
bit more more down towards like 8500 ish
region and then it bounced back up to
9,000 now what's actually changed here
is is that this bounces obviously
getting a little bit more and has
changed the very short term as I said if
Bitcoin does retake 9,000 on at the very
least a two-hour doodle closure which I
think we already have no actually no so
okay so yeah it's actually still
relevant to what we're looking at right
now it but at Bitcoin you know assuming
that Bitcoin does confirm this next for
our dolor and to our by that by that
measure because they're gonna be closing
at the same time essentially or actually
no 35 minutes for the next two hour two
and a half hours and for the next four
hour I would be looking for extension to
the top side of the short-term range
which is going to be right around 90 300
ish region yes I do have it oh right yes
I do have it right here but overall this
is just shaping up to be another higher
low on the lower term timeframe so on
the higher term timeframes as well and
shaping out to be what what appears to
be a an ascending triangle which is
typically a bill oshri accumulation
formation and does have a much higher
likelihood chance to break out to the
upside statistically speaking so looking
at it like this we can make a little bit
of a measure move here I mean do you
know do you want to call it an ascending
triangle do you want to call it a
bullish box at the end of the day man
the I've seen these things break every
goddamn which way well we can say though
is that there is a measure movie made
off this and what do you know it does
actually align rather perfectly with our
topside major major long-term macro
macro resistance which really does
change the the higher term time frame
picture that's when going back on over
here to the open interest charts that's
when that really starts to be a major
point of contention once again if we see
Bitcoin price action to reach up there
and major positions being added damn
good likelihood chance that we will
actually be breaking it and this is
shaping up to be pretty damn good right
here now with that said well I do think
that this is lining up to be a little
bit more short term bullish and and we
kind of already got that pullback from
yesterday all the way down here to 8500
region I do believe that this is
actually a damn good way to be managing
both for the upside and the downside
looking at this pivot point as the next
pivot before an actual decent downside
move as long as Bitcoin price action
remains above the low of yesterday which
is 85 27 even gone just a tick base so I
don't need to see a closed below there
but even
on a tick basis you know I don't really
see any real threat of a short-term
downside move however if we do lose that
area or or close a four-out dildo let's
call it below like
8650 either one of those does it
although I think I think just waiting
for a wick below this this last low is
it's probably a little bit better just
because there's a decent side move on
top of that I would look for extension
all the way down to 7900 region however
with the way that Bitcoin reacted from
yesterday's bounce and assuming that it
does close us next one above 9,000 I
don't think that that's very likely to
happen of course we'll look at
probabilities a little bit later but but
you know I do want to say at the outset
that I would actually not be looking for
that to happen the upside a little bit
more likely here or at least I would
imagine from a statistical narrative on
top of a formation narrative on top of
the trend narrative on top of
potentially even a moment from a sort of
narrative which let's see
for our Stokes headed upwards and
onwards looking good there yes we do
have a couple of competing trend lines
here but Jesus there's too many trend
lines hold on let's actually get I I do
want to do a little bit of a deep dive
into this or maybe not so much of a deep
dive but there's a few interesting
things here yes we do have this trend
line right here yes so you know it is
you know it is like that we do get a
little bit of a pushback right at the
edge of the bullish controls on which it
naturally meets up that however the full
picture is something like this working
on some sort of a falling channel within
it now I don't really trust formations
on on on Stokes as you know the same way
that I do an RSI but but assuming that
this does kind of hold it up a little
bit I would be looking for that to
overall be resolved to the upside
there's no measure move made on some
like that but it does align with a more
sort of RIA cumulation narrative from a
momentum author also to standpoint
you're essentially seeing a lost moment
to the downside as Bitcoin kind of
prints and higher lows at the same time
as what it's showing you anyways on top
of that we do see for our RSI popping
back up as well looking good there you
know I shouldn't say looking good but
not looking terrible a little bit of
hidden bullish evidence at the same time
I do believe that there that the easy
move from that has already played out so
I don't you know if I were to recorded
this video like a couple hours earlier
which would be just too fucking early
for me that would be like 6:30 a.m. for
myself it's it's right now about 8:30
you know probably could have caught that
one but but looking like right now it's
just gonna fill out the short-term time
frame range and do I think that it's
gonna break to the upside it's looking
likely especially from the momentum all
sort of standpoint of which we have been
acting steadily on for our store could
follow 30 percentile as well I do think
that this is probably to come down a
little bit more setting up for a
breakout very likely somewhere right
around here which is maybe a little bit
later this week on the lower term time
frame so resolving that range
essentially let's see if they let's see
if the ones below this kind of agree
with this and we see the three hours so
it's coming from the same area basically
the same setup as well actually a little
bit more orderly here to which i think
is good for three hour RS I'm doing the
same thing you know looking looking okay
looks like it wants to you at least test
the bullish control zone and kinda and
see if we can hold in there it looks
like it looks like it probably will to
our Stokes already up there so we're
gonna be flying around a little bit out
of matchin the hourlies are kind of
flip-flopping around tube so technically
all of them are kind of postured for a
nice upwards cross here but what price
point do we need to maintain for that
momentum to remain in that direction and
this is really the the the ideas that
have been postulated recently after
receiving this amazing tool from Bali
and and by the way a lot of people been
asking you know is this available at
some point I do believe that Bali
actually will make this available not
pub are it at first it it'll probably be
approached and get into it but just if
you if you think about sending me a PM
asking if if you can have access to this
I that's not up to me it's not I do not
own the code I'm just I'm just lucky to
be able to know Bali and be able to use
them myself he's a goddamn genius when
it comes down to it and all that work
with him that being pig and perhaps a
couple others they are great but at the
end of the day it's up to him not me so
so just a little bit of patience and I'm
sure that you know and maybe like
another a few weeks or something like
that we'll have something cool to
announce anyways um so the upwards
momentum remains on the four-hour dildo
time frame as long as Bitcoin price
action is basically above the last prior
low so I really really really really
really like that for management for you
know for position management area again
this is not finished by some month I'm
not a financial visor but I'm sure
people can kind of figure out what the
fuck I'm doing by what I'm saying so
fair enough and you know obviously
protecting that last little higher low
right there so as long as we were above
that area the for our momentum remains
he upside let's see how the three hour
looks from that from that perspective
pretty much the same area a little bit
higher than that at eighty seven twenty
nine you can see to our is technically
is technically still up
right now as well and it will remain the
upside as long as we are above 8950
region and our Li is flip-flopping a
little bit it will cross the it's
ethically up right now although it
across to the downside with any sort of
an out of the door close below 90 50 so
the way that I look at that is that they
are a little bit bifurcated here but
more more than anything the obvious
thing is that we do have this higher low
right here makes a nice little
management point and as long as you
remain above there you know it's a
short-term time frame look bullish yes I
would say so and if we look at the
medium term timeframes I'd imagine that
it's probably gonna be somewhere around
that $9,000 mark and about there you
fucking go so here's what I can say a
little bit more full-heartedly or a
little bit more directly it Bitcoin does
close this next 12 hour delay especially
above 90 100 or even just above 9,000
I'm looking for another drive at the
very least to ninety three ninety four
hundred US region so that's a $300 for
nadal our move from where we are right
now so decent enough but realistically
the next big move that I'd be looking
for is for this range to be resolved
with any sort of a for a little closure
above 90 200 which by the way would
correlate quite well with that with that
12-hour now wouldn't it we could make a
measure move all the way up here towards
our 9700 resistance which outlines the
major major area from the macro
perspective that it's a 6.8 Fibonacci
retracement from the from the ultimate
high to the ultimate low of this last
cycle that we had from about 3,100 to
14000 that is also though our last major
descending trendline coming in from the
$14,000 high connected with our last
major high right here in in early
February and then also it is a couple of
important order blocks coming in from
this breakdown in late February and also
this fake-out that we had over here
during the China News when you know
during October when whatever China was
saying that made Bitcoin pump or
whatever the fucking narrative was he
you know I think I was on a plane during
that time as well looking at it from a
weekly perspective things look more or
less good here well I do still think
that there could be a test down to about
seventy nine hundred US region I do
believe that that would be a massive
opportunity and with and with and will
will kind of mash up with the stock
market in just a bit here but it might
have already been that we've already
seen the downside for this week as I've
been saying I did I was looking for
downside to start off this week is 8,500
the extent to it and did traditional
mark to see it down to like 280 we'll
have to look at traditions on their own
but bitcoins looking like it could have
very well been
however like I said if if if if you see
the four-hour or I should say this is
not furnished less I'm not a fair
adviser but if it you know if I see the
four hour even just closed below
8650 or wake below the current low at 80
85 27 on Mexico I would be looking for
that seventy nine hundred tick to be met
you know does it happen like that as a
snap of a snap of a good old mardan's
fingers no I well I don't know about
that but I would be looking for that for
that next target to be hit you know
probably over the next few days there's
something like that if that trigger was
met but until that triggers met this
just looks like a consolidation at a
higher level and remembered that the
12-hour Golden Cross has officially
happened as of yesterday and did we get
you know did we get our test down to the
21x entrance you could say that with
yesterday's price action yes but but now
I'll just be looking for this to gain
divergence way from each other as this
as across strengthens at the next big
thing that I'd be looking at as well is
a two day right the two day which was
which I was postulated around the the
the the the two day death cross right
here that actually is gonna have one of
those fake out signals which is equally
as powerful but to the other side
obviously and and what remember I was
looking for like a big downside moved
based off this assuming that we were
actually in a hold to 21 to the downside
that's not happening right here as long
as we're above the 21 that's obviously
not gonna I mean as long as above the
200 it's not gonna happen at all but
what's equally just as likely to happen
right now is we're gonna see a pretty
damn powerful cross of four different
moving averages we have the ten simple
the red 10 simple we have the yellow 21
we have the green 55 and we have the
purple 200 and even the 89 s right there
as well so all of them are combined at
about the same area and you can imagine
that if they were to all flip around
into a bullish posture meaning all lower
appears below above higher periods as
Bitcoin is essentially above the two and
it's a moon average all at the same time
which they naturally will probably in
the next tick or two which one of them
is coming tonight and then the next one
on I guess Thursday or Friday no Friday
Thursday Thursday Friday third whatever
sound like a fucking squirrel man that
would be a damn good signal that we are
gonna see a pretty massive pump at the
very least two five digits you know Ted
you know 10,000 bucks what I'm saying
and it's that you know is that gonna be
good enough to actually break the
topside
cruz' since probably yes so again if
you're in the TA program make sure that
you review the the EMA module because
there's a lot included in there with
regards to what to look for specifically
for this sort of for you know for the
sort of cross anybody's going to the
daily I should talk about you know north
northern targets if and when we do get
there so Bitcoin word a word ahead up to
this major macro level and actually take
it out you know on first pass it
probably is gonna push it back I'd
imagine that you know on first pass we
probably do sell off from like 97 or 98
hundred back down to where we are right
now like low nine thousand but if if if
which I don't think that this is
happening today but if it were to a
close above let's call it ninety eight
hundred to be a little more conservative
here I would look for extension let me
get rid of this area actually not
relevant to what we're looking at right
now I would look for extension at the
very least pretty damn quickly to ten
thousand five hundred ish region our
last major our last major high on a
weekly closing basis and a daily closing
basis for that matter this last major
fake out that we had right here a few
months ago in February of 2020 actually
a couple months ago it looks like and
that is the next big macro area because
the Bitcoin actually does close a weekly
above there now we once again are in the
talks of having a weekly uptrend we
would have a higher high technically
speaking we don't necessarily have a
higher low just yet so at some point we
probably would come back down and scare
the shit out of you know out of everyone
and instead in a higher low somewhere
probably around the twenty one on the
weekly wherever that ends up being
around that time but but assuming that
Bitcoin could actually close above ten
thousand or I guess it's ten thousand
sorry on the weekly it's only ten
thousand one hundred fifty on on stamp
you know what a daily closing basis
about ten five whichever one happens
first you know should do weekly
obviously gonna hold more weight but I
do think that the daily gets it I would
look for extension if that were to occur
all the way up to you eleven thousand
five hundred that's where the major
macro areas really do start change
around herbal as well because we've had
so many rejections around there from a
longer time frame period we do see you
know the January break down right here
before like a fifty percent move from
twelve thousand to six thousand double
top right here before twelve thousand
again to six thousand then a couple of
couple of tops being put in here in July
and in August of 2019 so that area does
hold a lot of weight store eclis
speaking obviously the volume profile
showing a major
shifty behavior above there as well just
nothing doing so it's you know big one
gets back above there that's when we
really can talk about sixteen thousand
and twenty thousand bucks again and I
mean we'll get to that bridge when we
cross it but for right now with the
twenty one cross the episode of the
fifty-five on the weekly I'm not bearish
off that I'll put it that way I'm
actually quite bullish on this I think
that most Bitcoin comes back down at
seventy nine hundred and you know if
that would even happen that would be a
major buy at least on the first pass you
know Bitcoin does you know Bitcoin does
stall a little bit down there then yeah
that could be a signal that we will come
all the way back down to like you know
six thousand bucks or something like
that but that's just not looking likely
right here especially with the stock
market being quite strong itself strong
stock market seems to be doing pretty
damn good for Bitcoin also considering
that that's been the goddamn trend for
the last ten years so you kind of want
that to happen now so all the
cryptocurrency moonboys looking for the
death of traditional markets to help out
Bitcoin it's actually the other way
around you want you want rich Marx
didn't do good historically speaking for
Bitcoin okay so let's go check out CME's
here how are CME's looking right now
CME's looking pretty damn orderly as
well hanging out above the tour net
simple as long as we were above there
and which is 8600 which is pretty much
where the last local low was from
yesterday's price action so I'll
actually put in a little she move this
alert up right there to yesterday's low
as you know as long as we're both there
I do look for this just kind of slowly
but surely kind of crawl its way higher
it looks a lot more obviously bullish on
CME's and this just kind of shaping out
to be some sort of a some sort of an
ascending triangle just basically an
uptrend you know we have with higher
lows and higher highs like what's it's
crazy man it's crazy so I do think that
we're probably gonna see you know 93 or
94 hundred tick today I think that's
quite likely and I'd probably be looking
for a push back on the first you know
the first test and then if Nick one
closes a four-out doodle what's called
above 93 I'd look for overall extension
to ninety seven ninety eight hundred so
you know another you know short term
moves right there but leading into the
macro areas and that is I mean that's
that's I I welcome that especially when
Bitcoin is you know giving you $400
moves on a short term time I mean that's
just fucking insane to me it's just
fucking insane anyways I've already been
recording this video for twenty minutes
maybe I can if maybe I can't even make
this video on the shorter side so let's
go look at the
expected moves chart so I'll once again
pull up this area right here now
remember this the this blue box right
here is only relevant to the short-term
timeframes I'd feel a lot more confident
with saying 9300 however if we do close
a 12 hour dildo above
9200 I think that that does it as well
so so I'm gonna look at both the well
you know what no no I'm gonna stick with
that because it's because a 12 hour it
does seem to get things pretty damn well
here so we could actually even look at
night 9000 as it is right now on a four
hour total closure that's a 55% chance
that we actually do close above and that
one's coming in two hours and 19 minutes
and 41 seconds that probably does it for
me to be fair but let's you know but
let's look at what would it what would
it take to close above 92 on the next
400 total I'm showing showing 20 almost
27% pretty fucking good as well I would
say that that would that would very
likely do it for you know for a test
that helps out of the medium-term range
so let's go now to let's let's let's now
look at the conservative look I mean all
of them are obviously astronomically
higher than the downside probability
I'll even keep it like 8550 give it a
little bit of life there we can look at
a twelve-hour here and I am on future I
believe yes yes I am and and what are we
looking at okay so yes 2020 and a
quarter percent chance to close above it
on the upside for 90 300 I think I think
at 12:00 our I mean I'm using 90 300
right now that's a little bit that's
very conservative I'd say even above 90
150 92 or did this blue box right here
it probably does it for another
continuation Drive up here and that's
that's pretty fucking hot already I'll
use ninety two hundred now that's gonna
be about thirty percent I mean this is
this is dramatically higher than what we
see for the downside probability target
now the downside probability target we
could you know that's you know to be
fair that is a little bit lofty to the
downside I could just as easily use 9000
but that's only relevant to the
short-term timeframes if Bitcoin and I
can say this a little bit more directly
as well if Bitcoin closes next for out
dildo actually it's not even above it's
not even below 9,000 it's below eighty
nine hundred if we do close below eighty
nine hundred I would probably be looking
for another
potential high or low to be put in
somewhere down around here although that
wouldn't necessarily be a high or low at
that point but would get the lower term
timeframes do people really care about
that I don't know I don't we can just
look at it really quickly who cares man
why not the TA nerds are here are only
here at this point we're past a 22
minute mark and I know my analytics no
one fucking watches a video past 10
minutes so so we got rid of them already
so yes actually you know if we do use
8900 downside probabilities is is is a
little bit higher than the upside target
probability but that doesn't really play
out for too much of a move I'd be
looking for extension down to like 86 if
that would have happened but that
doesn't that doesn't imply for the move
than that it's below 85 50 really that
you know that that that next 500-600 our
move is it you know it's implied to the
downside so I'm gonna go back to 80 85
50 and let's actually actually I'll do
even 8600 I want to give it a little bit
of a boost there and we'll look at the
daily as well I want to go back to our
charts over here I just want to make
sure what would a daily look like at
that price point I mean a daily anywhere
above 9000 looks good to me
realistically but but especially above
90 200 looks it looks it looks very nice
so I'll keep it at 90 200 for now and
the probabilities for that is 36 and 1/3
percent for today's daily doodle closure
and sorry verses 17 spot 6 5 percent for
the downside and remember that was like
the very short or actually no that is
the 8600 level so it is still within the
realm of possibility you know that
double-digit percentage it sounds small
but it's actually rather high obviously
in the 30s is astronomically high but so
you know the upsides still more likely
here looking at the Rings we do see that
they're kind of flattening out here I
don't really have a I don't really have
a biased Madoff that and I do want to
check out the troll under bands here as
well let's see how they're doing
trolling new bands showing topside
topside resistance coming in around 90
400 so do we get a spike up here
probably yeah probably yeah hmm and
essentially even be like more more
aggressively bullish as long as bitcoins
above 80 $900 for our closure the next
12 our closure anywhere above 90 150 290
200s region I'll be looking for at the
very least attest to 93 94 out of this
region but Real Estate's
you know I I do think it's setting up
for a breakout to the upside and we're
gonna test the top sort of resistance of
this whole structure here and
to where the fun stuff can happen but a
lot of things coinciding with it
coincided in that region so I would
initially be looking for a push back on
there and then setting up for
potentially a nice nice move a little
bit later let's go look at traditional
markets as well
we can go someone's made the request to
look at NIST nifty the Indian kind of
major Boris or major index which I'm no
I'm not too familiar with it so I do
want to say that the outset you know I'm
just taking my traditional market
experience in US equities to this so you
know for what it's worth I do want to
kind of preface the conversation by
saying that looks toppy - me but looks
but also looks short-term like it wants
to test to the upside probably back up
towards 9600 but overall I do you think
that a nice nice medium-term top isn't
it probably tests to the downside over
the next few weeks probably back down to
like eighty nine hundred but let's see
what you know us marks are looking like
or futures are looking like after we
look at Japan Japan same thing you know
probably pops back up towards 20,000 but
I do think that overall it's gonna reach
for the downside German mark is closed
down three and a half percent yesterday
same I think same thing here as well
probably back up to like ten six ten
seven and then probably tesam downside
after that now let's go check out now
futures now as futures we said we're
likely to pop up yesterday back up to
this area right here we have hit that
target now the real question is if
Bitcoin breaks to the if brick if
Bitcoin breaks to the north side here do
I expect tradition marks to break to the
north side as well I mean I mean
bitcoins looking more likely to do that
so I'd have to say well yeah and what do
you know we have an uptrend here as well
it's it's it looks it looks like kind of
a sloppy sloppy ascending triangle with
this as kind of an actual point so you
know what I can say with traditional
markets you know I was looking for a
pullback this week I think I I think I'm
gonna be wrong on this I think I'm gonna
be wrong in this the way that this is
gonna be accumulated so aggressively I
don't think it's appropriate to be
bearish it you know short term immediate
term yes I yes I have been saying that
the low is very likely in for tradition
markets but I also was saying that we
probably are going to test them down so
this week I think it's I think it's very
possible that we actually just saw that
yesterday in this you know and just as
just as you know here's the thing with
this just as easy or sorry just as it
just as as we were looking in Bitcoin
the easy kind of target for
downside continuation on on on now's
features and we'll look at spy features
as well it's just taking out yesterday's
low which is right around eighty five
fifty so you know if you do see price
action back down around there and and
and just even a few ticks below I would
look for Ascension down to our downside
target still you know eighty eighty
three hundred on on now as futures and
then probably ultimately like seventy
nine fifty four four four spy futures
we'll look at the relevant levels in a
second year but so far so good and I
really liked it daily for now futures
there certainly lead in the market I do
think and and I'd be looking at this as
the next actionable point so if we do
get a four-eyed little closure above
eighty nine fifty I'll look for another
retest of this high and probably beyond
I don't really see too much stopping you
from actually not that level but this
level right here guess we already kind
of hit that to be fair maybe we move it
up a little bit you know maybe somewhere
right around like ninety two fifty and
then another big level right here at
about around the ninety four hundred ish
region looking at emini futures for a
spy we do see about the same thing we
hit the area that we've speaking about
yesterday bouncing up which we did say
was gonna happen yesterday but I think
I'm changing around here where I don't
think that this is gonna get this I
don't think that this is gonna turn into
rejection here the reason why I say that
is because I you know looking at all all
the momentum all said it's the mommy
also it is in there chicken 10 DS
heating up here so I I don't think that
I should be bearish on this no so I
think I'm gonna be wrong about about
looking for looking for further downside
this week I think it's very relevant
that this could pop back up above here
and if you do see a four out double
closure not even four out let's see we
can use an hourly and traditional it's
just it's just as fine any sort of an
oddly dildo closure I wouldn't be more
concerned with it back above 293 91 it
looks like I'd look for a retest of the
prior high and then likely beyond as
well next major area from a macro
standpoint on on e-mini futures is well
we got three hundreds gonna be a nice
even number but realistically I don't
see really much soft knee from about 310
to 313 region of which we can go back to
spy over here and looking like it's
gonna play a little bit more of a bounce
you know I imagine we're very likely to
open up somewhere right around like 290
and then assuming that we get a little
bit of continuation there and close you
know one of those timeframes that
actually matters above that region I
will look for overall continuation yeah
probably up to like 310 region
some more like this some more like this
somewhere right around 310 to 313 region
and same thing for the down side as well
if we do take out yesterday's low which
is 279 spot 1/4 I would be looking for
extension at the very least down to last
week slow right around the 21st of April
at 272 in 3/4 probably another small
bounce there and then for the
continuation down to the targets that we
mentioned earlier this week or sorry
yesterday I guess it was so there you go
other than that you know it's it's
looking like gonna have a chance here so
I do think that I do think that it's
relevant to reassess my hours I might
look from yesterday and I wouldn't
necessarily be looking for rejection
here on the first pass I do think that
or you know I do think that at bitcoins
kind of shaping up to be a little more
on the bullish side especially from a
statistical standpoint we're probably
gonna see traditional markets you know
mirror that in fact they're probably
gonna lead it so sometime around
tradition Mark's opening later to our
site today at 9:30 a.m. Eastern a time
we should see that move if it is good if
it is gonna happen it probably happened
somewhere somewhere right around there
in that first hour so stay tuned because
I think today could be a nice and fun
day now of course you know while I have
been saying that you know I'm a little
bit more angle to the up towards the
upside here like I said if we do take
out yesterday's low I would be looking
for extension down here now there's $600
or sorry $700 so very very relevant
almost 10% move treat this area probably
know their bounce here and then if you
know if this area breaks then we got
some new to talk about for the long term
mate you know maybe a big reversal back
down to 6,000 but but that doesn't
really look very likely or very relevant
to the current picture so with that said
I'm gonna be signing off I want to wish
you well and until next time take care
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