Skip to Content
Version 1.2 by Drunk Monkey on 2021-06-07 05:25
Show last authors
1 1
2 00:00:30,360 ~-~-> 00:00:42,630
3 ICT: Welcome back, folks, it's been a little bit of time since the last time we
4 spoke, I want to kind of close this year out with Bitcoin. As some of you know,
5
6 2
7 00:00:42,630 ~-~-> 00:00:52,680
8 I'm no longer on Twitter, you probably seen videos where I've shown invitations
9 to follow me on Twitter, I don't have a Twitter account anymore. I don't have
10
11 3
12 00:00:52,680 ~-~-> 00:01:07,200
13 Instagram anymore. The only thing I have is YouTube. But for those individuals
14 that were following me, and I had just about 39,000 or so followers on my
15
16 4
17 00:01:07,200 ~-~-> 00:01:23,340
18 Twitter account, and I was commenting various times throughout the year on
19 Bitcoin and crypto and such, and everyone knows what the entire world has been
20
21 5
22 00:01:23,340 ~-~-> 00:01:39,360
23 dealing with, since the beginning of the year, or there abouts in March
24 timeframe. The the idea of crypto or Bitcoin, specifically, I mentioned that
25
26 6
27 00:01:40,440 ~-~-> 00:01:50,190
28 everyone that was following me that if Bitcoin or crypto was going to be what
29 everyone had hoped it would be, now's the time for it to shine and show its
30
31 7
32 00:01:50,190 ~-~-> 00:02:05,760
33 colors. And that occurred right on schedule. So now there's been some commentary
34 on my part, that I have been very adversarial. and kept at a distance when it
35
36 8
37 00:02:05,760 ~-~-> 00:02:20,970
38 comes to crypto. The fact that it has traded, as it has here and offered levels
39 of price runs that I like to see. I mean, this is, in my opinion, this is
40
41 9
42 00:02:20,970 ~-~-> 00:02:36,990
43 phenomenal trading. This is a market that if it can maintain things like this is
44 very exciting for 2021. Now, it's important for some of you that are new that
45
46 10
47 00:02:37,230 ~-~-> 00:02:50,010
48 listen to me say what I'm about to say and say okay, well, there's no real way
49 of me backing up or verifying what Michael says here. And I'll just leave it up
50
51 11
52 00:02:50,010 ~-~-> 00:03:00,240
53 to you to decide whether or not it's something I really said or didn't say. But
54 it's important that you use the community tab on my YouTube channel because it
55
56 12
57 00:03:00,240 ~-~-> 00:03:12,090
58 has replaced my Twitter account. So I don't want to be on Twitter, Twitter
59 actually censored me a couple times and froze my account for talking about
60
61 13
62 00:03:12,090 ~-~-> 00:03:25,890
63 something that had nothing to do with anything that should have warranted that
64 type of response by them. So I saw move my entire show here to my YouTube
65
66 14
67 00:03:25,890 ~-~-> 00:03:41,640
68 channel. So if you go to YouTube channel, and you click on the community tab
69 here, it'll give you posts. Now, I don't allow comments because I don't have any
70
71 15
72 00:03:41,640 ~-~-> 00:03:51,510
73 interest in anyone else's opinions. And it may sound myopic to some. But I
74 already know I'm going to be polarizing. And I'm not offering a stage for people
75
76 16
77 00:03:51,510 ~-~-> 00:04:08,940
78 to advertise their self making the name for yourself, you know when you're in
79 steam, but I have throughout this fall in the month of December really outlined
80
81 17
82 00:04:10,260 ~-~-> 00:04:26,700
83 this run here on Bitcoin. Now, my group that was following me on Twitter, back
84 in July, knows that I was talking about it running from there. And then in my
85
86 18
87 00:04:26,700 ~-~-> 00:04:39,600
88 private group, mentorship, we talked a little bit about it periodically and
89 again, I do not talk about crypto in mentorship. Okay, so I like to bring that
90
91 19
92 00:04:39,600 ~-~-> 00:04:50,100
93 up multiple times because I don't want anybody thinking I'm dangling a carrot
94 here because I'm learning crypto. Okay, so it's important that you understand on
95
96 20
97 00:04:50,100 ~-~-> 00:05:05,430
98 transparency here. I don't have any immediate interest in trading it it just has
99 now moved To a degree of more interest by me, okay, whereas before I really
100
101 21
102 00:05:05,430 ~-~-> 00:05:13,920
103 wasn't interested in at all, I'm interested in it now. So some of you may be
104 laughing and saying, Oh, you missed the party, you missed the biggest bull
105
106 22
107 00:05:13,920 ~-~-> 00:05:26,580
108 market in the world, blah, blah, blah. Yeah, it's moved a lot of points. But in,
109 there's big moves or mega trades every single year. And what you do with it, is
110
111 23
112 00:05:26,580 ~-~-> 00:05:28,710
113 the most important thing. And
114
115 24
116 00:05:29,790 ~-~-> 00:05:43,110
117 while this may be a stunning price rally, I was pretty much involved in calling
118 most of it, okay, here. And there's a backdrop behind this that some of you are
119
120 25
121 00:05:43,650 ~-~-> 00:05:57,060
122 probably not up to speed with. And if you recall, back in 2018, I was really
123 calling Bitcoin lower. And then ultimately, I said that, I felt that would go to
124
125 26
126 00:05:57,060 ~-~-> 00:06:07,200
127 100. And at the time, I said it, I meant it. And I kind of went over this on my
128 community tab, but without rehashing that, just know that when I said that, I
129
130 27
131 00:06:07,200 ~-~-> 00:06:19,980
132 meant it. And there was other supported reasons why I wanted to say it and
133 publicly make it known. But I had no horse in the race. So it really is no skin
134
135 28
136 00:06:19,980 ~-~-> 00:06:28,530
137 off my back. And crypto has never really been my forte, I never claimed to know
138 how it works. And to be quite honest with you, I don't even know how to open up
139
140 29
141 00:06:28,530 ~-~-> 00:06:37,710
142 an account to trade this asset class. So that's how little I know about it, I
143 just look at the candles, and I share my opinion publicly, whenever I feel
144
145 30
146 00:06:37,740 ~-~-> 00:06:45,660
147 inspired to do so. And there's been a few times I've been wrong, but by far and
148 large, you know, with the exception of me obviously being facetious and meaning
149
150 31
151 00:06:45,660 ~-~-> 00:06:59,970
152 it's still at the same time calling Bitcoin at 100. It's been pretty, pretty
153 interesting to see my public calls have been good. But in full transparency, if
154
155 32
156 00:06:59,970 ~-~-> 00:07:14,430
157 I look at it, like I did, forex for over the number of years, I've been focusing
158 primarily on it since 2006. That I've been trading markets since 1992, but
159
160 33
161 00:07:15,330 ~-~-> 00:07:26,910
162 focused primarily on forex in 2006. But I have not really had a vested interest
163 in crypto, only because of my students, they have an interest of constantly
164
165 34
166 00:07:26,910 ~-~-> 00:07:35,460
167 pinging me for my opinion about what I think it's going to do. And as I
168 mentioned, on Twitter, at the time, when I had an account, I said, if it ever
169
170 35
171 00:07:35,460 ~-~-> 00:07:46,230
172 does stage or run to 20,000, I will let you know. And I made this public
173 knowledge. And I didn't hide it in some secret membership. I put I put it out
174
175 36
176 00:07:46,230 ~-~-> 00:07:58,050
177 there. And there it is. But I kind of want to talk a little bit about why I felt
178 it was going to go up and trade where it's at now and tell you where I think it
179
180 37
181 00:07:58,050 ~-~-> 00:08:09,720
182 might go to. And also talk about why I don't think anybody really knows what's
183 going to happen. So it's a little bit of a sobering message to this. But also
184
185 38
186 00:08:09,720 ~-~-> 00:08:22,320
187 just sharing what I think I see here in the chart, it's important to understand
188 before I go into it, that I do not have an account trading crypto, I do not have
189
190 39
191 00:08:22,320 ~-~-> 00:08:31,470
192 any interest in pumping it or inspiring it to go lower. Okay, so I have an
193 indifference here, it doesn't make a difference to me if it goes higher, or if
194
195 40
196 00:08:31,470 ~-~-> 00:08:42,930
197 it goes lower. I'm just commenting on his objectively as I possibly can. And
198 sharing that view or opinion with you here. It's not meant to be in in vestment
199
200 41
201 00:08:42,930 ~-~-> 00:08:52,440
202 advice. It's not meant to inspire you to buy it or go short. It's just that I've
203 been asked multiple times because we had this big price around here. And some of
204
205 42
206 00:08:52,440 ~-~-> 00:08:55,950
207 my students that are following me from afar
208
209 43
210 00:08:57,060 ~-~-> 00:08:57,570
211 have
212
213 44
214 00:08:57,660 ~-~-> 00:09:05,010
215 seen this move and have not been aware of the community tab on my YouTube
216 channel. So everything's there, it's dated, you can see the comments I've had
217
218 45
219 00:09:05,010 ~-~-> 00:09:21,570
220 about it. So let's talk a little bit about what I saw this year. And what led to
221 this price run. I said back in the beginning here we had this I'm not going to
222
223 46
224 00:09:21,570 ~-~-> 00:09:31,290
225 say the word because it's gonna like my video and I don't want to have any
226 issues with that. But you all know what this is referring to. And the market
227
228 47
229 00:09:31,290 ~-~-> 00:09:45,960
230 tanked like everything else here. But at the time. This is when if crypto was
231 going to be the the great alternative to Fiat, then this should be a time at
232
233 48
234 00:09:45,960 ~-~-> 00:10:01,200
235 which it will really start to show its true colors. If that's in fact what it
236 is. Now, do I believe that Bitcoin will be the benchmark forever In crypto, if
237
238 49
239 00:10:01,650 ~-~-> 00:10:12,420
240 we're to assume that it eventually does replace Fiat, I'm not here to say it
241 will. I'm just making the argument here that if Fiat is completely done away
242
243 50
244 00:10:12,420 ~-~-> 00:10:27,090
245 with and everything goes to a digital currency, I do not believe that Bitcoin
246 will be the standard. Okay, I think it will be replaced by something else. And
247
248 51
249 00:10:27,090 ~-~-> 00:10:37,680
250 I'm not a student enough to know what that is. Okay, so I'm kind of like, being
251 as honest as I possibly can. I just believe in my heart that this is just the
252
253 52
254 00:10:37,680 ~-~-> 00:10:49,140
255 beginning of something. Okay. And they may adopt something else entirely, but
256 still be crypto. And there it is. But whatever that thing is, that replaces
257
258 53
259 00:10:49,140 ~-~-> 00:11:03,600
260 Bitcoin will do what you see here in Bitcoin faster than what we saw here. So I
261 think it was in 2012. If I'm not mistaken, I think it's about when I was being
262
263 54
264 00:11:03,600 ~-~-> 00:11:14,070
265 asked, I had a interview with a group of traders that were really, really
266 interested in Bitcoin back then. And it was trading under 1000 is like a couple
267
268 55
269 00:11:14,070 ~-~-> 00:11:26,340
270 $100 for a Bitcoin. And I didn't have any interest back then either. And I said,
271 you know, I'm not interested in I'll have to see what it does. And the idea of
272
273 56
274 00:11:26,670 ~-~-> 00:11:41,040
275 this asset class, replacing Fiat has been argued for law since the inception of,
276 you know, the crypto markets, I think that there will be a another coin or
277
278 57
279 00:11:41,040 ~-~-> 00:11:56,220
280 something to that effect, that will become more favored than this one. Will it
281 mean that this goes away entirely? I don't know. Does it mean that there won't
282
283 58
284 00:11:56,220 ~-~-> 00:12:08,100
285 be other currencies? Like we have different countries, then they have their own
286 individual currency? Will they have their own individual cryptocurrency? I kind
287
288 59
289 00:12:08,100 ~-~-> 00:12:17,640
290 of think that's what's happening initially. Before all Fiat goes away, I think
291 every country is eventually going to want to do that. There's been obviously
292
293 60
294 00:12:17,640 ~-~-> 00:12:26,520
295 talks about the digital dollar. I'm not afraid of that. I don't think there's
296 any real concern. And ultimately, if I'm wrong and say, Fiat just completely
297
298 61
299 00:12:26,520 ~-~-> 00:12:39,420
300 disappears overnight. Because 2020 has been relentless with doing plot twists
301 throughout the year. The the idea of Fiat gone away immediately, and maybe that
302
303 62
304 00:12:39,420 ~-~-> 00:12:52,680
305 impacts forex. The big question is, you know, is it over for forex? No, I don't
306 believe that's the case. I think if Fiats done away with, then we'll still apply
307
308 63
309 00:12:52,680 ~-~-> 00:13:03,990
310 the same things, which we do with forex, and comparing the contrast and looking
311 for leaders and laggards in terms of relative strength and which currency has
312
313 64
314 00:13:03,990 ~-~-> 00:13:11,370
315 the most interest. And I think this the effects of interest rates, and
316 differentials will still have an impact there, it just won't be done in the
317
318 65
319 00:13:11,370 ~-~-> 00:13:20,160
320 capacity of a fiat currency, it will be done in crypto. Now, that's my
321 assumptions. And I may absolutely be incorrect. And maybe there's a lot of you
322
323 66
324 00:13:20,160 ~-~-> 00:13:27,210
325 out there that know more about this than I do. And you're shaking your head
326 saying this guy's a noob. He has no idea. I've already admitted. Every time I
327
328 67
329 00:13:27,210 ~-~-> 00:13:38,490
330 talk about this, this asset class, I preface it by saying that, because I don't
331 want to sound like and I hope you can see the difference here. Okay. I am
332
333 68
334 00:13:38,970 ~-~-> 00:13:45,750
335 admittedly uncomfortable talking about this crypto space, okay.
336
337 69
338 00:13:47,610 ~-~-> 00:13:56,010
339 That's why it sounds like arrogance, when I'm talking about forex or futures.
340 Because I'm comfortable there. And I know what I'm talking about. Here, I'm just
341
342 70
343 00:13:56,010 ~-~-> 00:14:08,700
344 sharing my feelings, my opinions, my thoughts, my concerns about it, and
345 admitting that there's absolutely no harm to me if I'm wrong or right, because
346
347 71
348 00:14:08,700 ~-~-> 00:14:22,200
349 I'm not invested in it at all. But I'm fascinated to see the things I'm going to
350 cover here still showing its hand in the delivery of price here. But I want you
351
352 72
353 00:14:22,200 ~-~-> 00:14:32,400
354 to also remember that there's absolutely no one out there, no one out there
355 knows where bitcoins ultimately going to go. We are clearly in all time highs in
356
357 73
358 00:14:32,430 ~-~-> 00:14:44,220
359 any market that trades at an all time high. There's absolutely no way to
360 determine with any great accuracy, or a surety that you know where it's going to
361
362 74
363 00:14:44,220 ~-~-> 00:14:55,980
364 go to. So what I'm going to show you what I believe led to me calling the levels
365 that I called shared with my students and also I shared some levels with the
366
367 75
368 00:14:56,010 ~-~-> 00:15:04,980
369 YouTube community tab. I'm going to go over some of that tell you why I believed
370 it was going to happen. And then you can see whether there was any validity to
371
372 76
373 00:15:04,980 ~-~-> 00:15:15,900
374 it. I promise you, there is no secret sauce stuff that I'm not sharing here.
375 Because I don't have anything that I want to plug in to crypto at this moment.
376
377 77
378 00:15:16,260 ~-~-> 00:15:26,730
379 And I don't have any confidence in it. So I just look at pure price delivery,
380 and order block theory. And it's all I'm looking at here. So with that, just
381
382 78
383 00:15:26,730 ~-~-> 00:15:39,360
384 know that this was the precursor to seeing all this price run up, it was maximum
385 pessimism, and fear, which is where something that is underlying Lee strong. And
386
387 79
388 00:15:39,360 ~-~-> 00:15:51,210
389 this is something if you're taking notes you should be be the idea of a market
390 that is predisposed to go up. Okay, a market is primarily bullish, if there's
391
392 80
393 00:15:51,240 ~-~-> 00:16:04,800
394 ever a sharp decline, okay, or a rapid run to lower prices. Many times if you're
395 zoomed in really tight, and you're only looking at about two weeks worth of
396
397 81
398 00:16:04,830 ~-~-> 00:16:18,330
399 data, this is going to look horrific. But when you zoom out a little bit, it
400 gives you a better, I guess, perspective on how much of an impact that really
401
402 82
403 00:16:18,330 ~-~-> 00:16:27,390
404 had. But at the time watching it and all the uncertainty that was coming out
405 around March of the year, everybody was taking guesses about what was going on.
406
407 83
408 00:16:27,390 ~-~-> 00:16:40,320
409 And nobody really wanted to be a participant of any any market. That maximum
410 fear in a market that is predisposed to go up. Its underlying Lee bullish if
411
412 84
413 00:16:40,320 ~-~-> 00:16:54,660
414 it's really just primed to go higher. Any market like that, in those instances,
415 offer these types of climax reversals, okay, where it just looks like it's going
416
417 85
418 00:16:54,660 ~-~-> 00:17:10,170
419 down forever go down. But it turns on a dime and starts to go the other way. In
420 July, I felt that we had that effect here, we had a reversal of sorts. And if it
421
422 86
423 00:17:10,170 ~-~-> 00:17:23,700
424 was going to go higher if crypto was going to be the, the answer to Fiat, the
425 market should start pricing higher. And it was consolidate for a little bit, we
426
427 87
428 00:17:23,700 ~-~-> 00:17:30,990
429 had this little bit of a run here. We came back down rebalanced, and ran out
430 some relative equal lows in here, you can look at this on your own charts, I
431
432 88
433 00:17:30,990 ~-~-> 00:17:41,640
434 just want to get through this because already kind of too long, but an optimal
435 trade entry here and running on the sell side liquidity there. And you can see
436
437 89
438 00:17:41,640 ~-~-> 00:17:51,870
439 some old support resistance ideas if you'd like that kind of thing, but I don't.
440 But we had a run here. And then we had price drop back down into another optimal
441
442 90
443 00:17:51,870 ~-~-> 00:18:04,380
444 trade entry there. And I want to kind of zoom in on that. Alright, so we have
445 this run and decline these two down close candles as your order block.
446
447 91
448 00:18:12,690 ~-~-> 00:18:24,210
449 case, you can see how market ran up and broke down. The 20,000 is where
450 everybody was looking forward to go to and 2017. I said that we were going to go
451
452 92
453 00:18:24,210 ~-~-> 00:18:34,830
454 from 6500 to 10. And then from 10 to 20. This is all during my time on Twitter.
455 There's a lot of people that screen capture all this stuff. Do I have access to
456
457 93
458 00:18:34,830 ~-~-> 00:18:45,540
459 it now? No, I don't care. Okay, but there was many of you out there that No, I
460 said this. And then I also said, this is a story guy real briefly. My wife asked
461
462 94
463 00:18:45,540 ~-~-> 00:18:56,010
464 me the day before Bitcoin made a tie. She asked me, have you bought any Bitcoin?
465 And I said, What did you just say to me? And my wife was sitting next to me on
466
467 95
468 00:18:56,010 ~-~-> 00:19:06,390
469 the couch and she says, Did you buy bitcoin? It's going up. And I said, Hold
470 that thought right there. And I really went to Twitter and said, Okay, my, my
471
472 96
473 00:19:06,390 ~-~-> 00:19:13,590
474 original idea was, Bitcoin was going to go to 20,000. But I'm telling you right
475 now, it's not going to go to 20,000. And here's the reasons why my wife said I
476
477 97
478 00:19:13,590 ~-~-> 00:19:21,180
479 should be buying Bitcoin. Now, this is not ladies, please don't be mad. And I'm
480 not making fun of my wife, I love my wife.
481
482 98
483 00:19:21,749 ~-~-> 00:19:22,379
484 But
485
486 99
487 00:19:22,650 ~-~-> 00:19:34,470
488 if my wife is telling me to be buying Bitcoin, she's the last person that would
489 know, to be buying Bitcoin. So if she's telling me it's a good buy, that means
490
491 100
492 00:19:34,500 ~-~-> 00:19:41,880
493 everybody thinks the same thing. So therefore it's not going to 20,000 so that's
494 the reason why I went on the Twitter immediately and said, okay, it's not going
495
496 101
497 00:19:41,880 ~-~-> 00:19:50,910
498 to 20,000 and I looked at the chart, and I said it's going to go basically just
499 6000 and everybody laughed me off the internet. It is what it is. It went down
500
501 102
502 00:19:50,910 ~-~-> 00:20:00,780
503 to 6000 that I called 3000 and went down to like 34 something ish. Yeah, I don't
504 know exactly what it was, but then go to 3000 I was wrong. There. And at that
505
506 103
507 00:20:00,780 ~-~-> 00:20:08,970
508 point, I really didn't know what it was going to do. And everybody was hammering
509 me because I called the top in Bitcoin and I called the slide to 6000. I called
510
511 104
512 00:20:09,330 ~-~-> 00:20:18,540
513 the slide almost to 3000. And everybody was waiting for that 3000 still, and I
514 said, You know what, I don't know what's going to happen. But I can't handle
515
516 105
517 00:20:18,540 ~-~-> 00:20:30,810
518 everybody coming at me with crypto because I'm a forex guy, okay? I'm a futures
519 guy. I'm a limited market type person, I have obsessive compulsive disorder. And
520
521 106
522 00:20:30,840 ~-~-> 00:20:41,040
523 it's very easy for me to be distracted. So I did what I did, I said, Here's is,
524 I think, ultimately bitcoins gonna crash and go to 100. And I put it out there.
525
526 107
527 00:20:41,640 ~-~-> 00:20:52,560
528 And it obviously turned a lot of people off made enemies. Have some of my
529 followers with me, oh, you're, you're, you're a Fudd, or whatever that is, you
530
531 108
532 00:20:52,560 ~-~-> 00:21:04,440
533 guys talk about it. Now, what's the negative side of it. So it worked, though,
534 hey, got everybody off my back about crypto. And it allowed me to focus on the
535
536 109
537 00:21:04,440 ~-~-> 00:21:18,870
538 markets that I focus on. So that's why this is labeled as the milestone because
539 it never really got to 20,000. So 20,000 was that benchmark it needed to reach
540
541 110
542 00:21:18,870 ~-~-> 00:21:33,990
543 to and through. And we just got to very close on the first of December off of
544 this optimal trade entry here, and then it consolidated and drop down. This in
545
546 111
547 00:21:33,990 ~-~-> 00:21:45,240
548 itself is an optimal trade entry. But before I go into this one, I'm going to
549 show you the structure on this, that leads to some of the targets. So the low
550
551 112
552 00:21:45,240 ~-~-> 00:21:58,530
553 here to this high. Okay, now I'm using the wicks in the tails. Now, most of the
554 time, you see me doing exercises, where I'll draw the fib and the bodies of the
555
556 113
557 00:21:58,530 ~-~-> 00:22:07,200
558 candles, because it's the bulk of the volume. If I'm looking for targets, and I
559 really want to consider the entire range that could be available. I'm going to
560
561 114
562 00:22:07,200 ~-~-> 00:22:19,110
563 use this the lowest tail and the highest wick. Why am I doing it here and not
564 using the bodies, because we're trading or expected to trade to all time highs.
565
566 115
567 00:22:19,680 ~-~-> 00:22:30,000
568 So I want to incorporate the maximum amount of range that could be available to
569 me, if I'm going to be utilizing the fib for target selection. Now, by itself.
570
571 116
572 00:22:30,540 ~-~-> 00:22:40,920
573 The fib at this point, is the only thing I can lean on for targeting. And this
574 is the reason why I said in the beginning video, nobody has any idea where
575
576 117
577 00:22:40,920 ~-~-> 00:22:48,990
578 Bitcoin is going to go. Okay, I like to think that it's going to go to 30,000.
579 Because it just, it's a nice round number. It's a reward for everybody that's
580
581 118
582 00:22:48,990 ~-~-> 00:23:00,360
583 held on this long, it'll really get everybody interested in it. Everybody wanted
584 to see it get to 20. But how does it trade above 20. And I said, if it does go
585
586 119
587 00:23:00,360 ~-~-> 00:23:12,480
588 above 20, he needs to do what we see here. Just run, run, run, go go go. Okay.
589 My concern is, this is one of the things I'm wondering if it's gonna happen or
590
591 120
592 00:23:12,480 ~-~-> 00:23:24,150
593 not. If I was trading it, if I was in this, if I had money in this market, which
594 I do not trade crypto, I don't have live money in this asset class, I would want
595
596 121
597 00:23:24,150 ~-~-> 00:23:37,230
598 to see it trade to 30. If it got the 30, I would probably download about 85% of
599 whatever I held. And then wait and see what happens with a stop below here.
600
601 122
602 00:23:39,120 ~-~-> 00:23:48,630
603 On the community tab, I gave you some levels. And I said, You know, I don't know
604 what it's going to do. But I feel that as long as we stayed above 17 eight,
605
606 123
607 00:23:49,260 ~-~-> 00:24:02,610
608 which would be essentially, here's the low here at 117 569. I don't think that
609 needed to go back up below rather 17 eight, which would be potentially running
610
611 124
612 00:24:02,610 ~-~-> 00:24:13,470
613 below this low. If it did that, then that's for me problematic that would be
614 breaking down in market structure, whereas everything here has been bullish. So
615
616 125
617 00:24:13,470 ~-~-> 00:24:20,190
618 some of the targets I was looking at was from this low to this high. And it
619 trades back down into optimal trade entry, which is what I teach on this
620
621 126
622 00:24:20,190 ~-~-> 00:24:35,190
623 channel. It's kind of like the flagship pattern. And then we have multiple
624 levels that are hit here. 28 927 level 27 and 3925 was no problem whatsoever.
625
626 127
627 00:24:35,610 ~-~-> 00:24:51,510
628 But I like these up here and targeting the 30,000 that to my concerns, will
629 30,000 act like 20 did in 2017 and just fall short of it and create a issue
630
631 128
632 00:24:51,510 ~-~-> 00:25:00,870
633 where we have to come back down below 20,000. I think ultimately if it were to
634 do that, that's not necessarily a bad thing. It's not What you probably want to
635
636 129
637 00:25:00,870 ~-~-> 00:25:09,390
638 hear, especially if you're long, or if you've been buying in here or up here, if
639 you're buying up there, I would be nervous, I wouldn't chase it like that. Just,
640
641 130
642 00:25:09,720 ~-~-> 00:25:24,690
643 that's just me, I wouldn't do it. But if it were to fail to get to 30, and trade
644 back down below 20, I would like to see it, pick up some buying it this area
645
646 131
647 00:25:24,690 ~-~-> 00:25:35,730
648 right in here. Okay, so it can go back below 20 a little bit, but I don't think
649 it needs to come back down below here. I think everybody stop is here. So if it
650
651 132
652 00:25:35,730 ~-~-> 00:25:44,970
653 did come back down, it could retest this old high, but I would like to see it go
654 through it a little bit. And focus on this candle right there. Now, again,
655
656 133
657 00:25:45,390 ~-~-> 00:25:56,220
658 that's just an expectation, if it were to fail to get the 30. I personally think
659 they're going to push it to 30 before we turn to 2021. And I wouldn't be
660
661 134
662 00:25:56,220 ~-~-> 00:26:11,610
663 surprised if they really ram it up there through 30, you buy five or 6000 more
664 points beyond that. So like 35 36,000, I think 38. And let's see if we have a
665
666 135
667 00:26:11,610 ~-~-> 00:26:20,490
668 level here. Now we don't have it on this one. But you'll see it most likely on
669 here. The next optimal trade entry is this. And whenever you're trading at all
670
671 136
672 00:26:20,490 ~-~-> 00:26:32,820
673 time highs, this is kind of like the the process, it just keeps becoming a
674 guessing game. Because you don't know nobody knows what this markets going to
675
676 137
677 00:26:32,820 ~-~-> 00:26:40,860
678 do. They don't know where it's going to go. Obviously, some of you're shaking
679 your head saying it's going 100,000 ICT, it's going to a million ICT, it's going
680
681 138
682 00:26:40,860 ~-~-> 00:26:51,330
683 to 50,000 ICT, everybody has their target, you know, and well, I could just call
684 out levels and say, you know, this is what I think this is what I believe
685
686 139
687 00:26:52,290 ~-~-> 00:27:01,950
688 there's really nothing that I can say this is the reason why except for a fit
689 here. And I don't trade with just a fit. It may look like that some when they
690
691 140
692 00:27:01,950 ~-~-> 00:27:12,810
693 watch me do things in my videos. But I promise you that fib is only giving me
694 one small little piece. And that's where we're at with this. And regardless if
695
696 141
697 00:27:12,810 ~-~-> 00:27:26,340
698 you want to agree with my analysis here, or if my opinion, or my thoughts about
699 it, you have nothing, zero, nothing except for hope, hope and expectation that
700
701 142
702 00:27:26,340 ~-~-> 00:27:34,710
703 it's going to go to your specific target. Just like I had hope and expectation,
704 just to see if I was at a morbid curiosity, if I was going to be correct. If it
705
706 143
707 00:27:34,710 ~-~-> 00:27:44,550
708 ran up of 20,000. Before Christmas, it did. Did it trade to the levels I put on
709 my community tab? Yes, it did. Is it skill? No, there wasn't no skill there, it
710
711 144
712 00:27:44,550 ~-~-> 00:27:55,950
713 was just me looking at how it could potentially expand up into those levels, and
714 maybe even go way beyond that. But no one can really say with any absolute
715
716 145
717 00:27:56,880 ~-~-> 00:28:05,520
718 evidence to support their idea where it's going to go on evaluation, like you
719 can't look over here on this axis of the chart and say, this is where bitcoins
720
721 146
722 00:28:05,520 ~-~-> 00:28:16,980
723 gonna go because of this, this, this and this. Whereas if we have traded to an
724 old level before, it's easy to look at things and rationalize it with technicals
725
726 147
727 00:28:17,280 ~-~-> 00:28:28,290
728 to justify and present that argument. Whereas right now, everybody has their own
729 opinion about this market and where they think it's going to go. And no one has
730
731 148
732 00:28:28,320 ~-~-> 00:28:39,030
733 any way to quantify that. You just can't do it. So let's take a look at the
734 weekly chart and close this video because it's too long as it is.
735
736 149
737 00:28:40,140 ~-~-> 00:28:55,350
738 Alright, so let's go back out to a higher timeframe chart and we'll look at this
739 leg here. So if we use the lowest low here, up to this right there. All right,
740
741 150
742 00:28:55,350 ~-~-> 00:29:05,670
743 I'm going to crunch this up a little bit. So from this low to this high retrace
744 back down, yes, we overshot a little bit. But again, I already stated multiple
745
746 151
747 00:29:05,670 ~-~-> 00:29:18,000
748 times. I'm not just a fib guy, fibs are just a tool I like to use to provide
749 more Confluence around the level that I would already be looking for anyway. And
750
751 152
752 00:29:18,000 ~-~-> 00:29:27,600
753 if a fib overlaps with it, then great if it doesn't, whatever. But I've looked
754 at some of these levels here. And let's just say we get some crazy blow off move
755
756 153
757 00:29:27,630 ~-~-> 00:29:41,040
758 that goes above 30. There you go. That's the level I would look for if we get 30
759 and run through. And then after there, I don't know. I don't know. could you do
760
761 154
762 00:29:41,070 ~-~-> 00:29:52,260
763 this? Could you go back to something like this low here, and why am I picking
764 this low? Because this is the most dynamic one out of all this price action. Now
765
766 155
767 00:29:52,260 ~-~-> 00:30:06,210
768 that I think about it, as I'm looking at this chart, I think it was one was it.
769 I think it was 2014. Yeah, I mentioned early 2012 it was 2014. I think this
770
771 156
772 00:30:06,210 ~-~-> 00:30:20,160
773 fellows they were initially interviewing me asking me what my opinion was about
774 Bitcoin. I may have that date wrong still, but I just for sake of discussion, I
775
776 157
777 00:30:20,160 ~-~-> 00:30:34,050
778 wish I could remember who it was. But anyway, I held the main I maintain the the
779 opinion about crypto and Bitcoin, the same up until right now this at this
780
781 158
782 00:30:34,050 ~-~-> 00:30:43,860
783 moment here. So, am I saying I'm going to start trading Bitcoin? No, I'm saying
784 I'm interested in I'm gonna start following it. And if it can continuously Give
785
786 159
787 00:30:43,860 ~-~-> 00:30:52,590
788 me what I'm looking for, and the things I see in forex, then I'll probably start
789 trading. But right now, I have an official interest in it. But you can see here
790
791 160
792 00:30:52,590 ~-~-> 00:31:04,290
793 using this optimal trade entry here. These are some levels also that could lend
794 well to upside, should we get some kind of crazy, explosive, wild run, like in
795
796 161
797 00:31:04,290 ~-~-> 00:31:16,650
798 the 1970s commodity markets. So I don't know. Okay, I want to kind of like end
799 it with that I don't know where it's going to go. I personally just want to see
800
801 162
802 00:31:16,650 ~-~-> 00:31:28,080
803 it, trade 230. Okay, if it goes to 30,000, I'm content. And in my mind, the
804 paper trade that I would have assumed in here, you would have gained to the
805
806 163
807 00:31:28,080 ~-~-> 00:31:36,270
808 degree that I would have liked to participate in. And then I would move myself
809 to the sidelines, and then leave a small portion on the see if it can run into
810
811 164
812 00:31:36,270 ~-~-> 00:31:49,950
813 something like this, or kind of like do like, I think it's hodler rice is like
814 hold on for dear life. Again, I'm showing my you know, neophyte stance and all
815
816 165
817 00:31:49,950 ~-~-> 00:31:59,160
818 this, but I'm being as honest as I possibly can, because there are very sincere
819 people that have been with me for a number of years, they already understand I
820
821 166
822 00:31:59,160 ~-~-> 00:32:10,290
823 don't trade it, they already understand that I have a, a willingness to try to
824 distance myself from it. But they have sincerely asked if I would make my views
825
826 167
827 00:32:10,290 ~-~-> 00:32:20,370
828 on it public. And this is what I got for right now. It may be nonsense that some
829 of you may be absolutely a waste of your time. And for that, I apologize. But
830
831 168
832 00:32:20,430 ~-~-> 00:32:30,660
833 I'm making the video for those individuals that are interested in this, from my
834 perspective. And I just hope it doesn't entice anyone to do something that would
835
836 169
837 00:32:30,690 ~-~-> 00:32:44,820
838 either remove potential profitability, or put them in a losing trade, I try to
839 carry myself with that every time I talk about the markets as a whole. But I
840
841 170
842 00:32:44,820 ~-~-> 00:32:52,800
843 know everybody's excited about this one right now, because this is where all the
844 money's pouring, like this is, that's why I talked about it publicly. Every time
845
846 171
847 00:32:52,800 ~-~-> 00:33:04,950
848 I do a public call, like that's kind of like, where it's at, like, I don't have
849 a secret society, we're often doing calls or signals. If I put it out there,
850
851 172
852 00:33:05,370 ~-~-> 00:33:16,290
853 that's where I'm going to be weighed in the balance. And I leave it there. Any
854 trade examples I share has always been a public display. So that way, you can
855
856 173
857 00:33:16,290 ~-~-> 00:33:25,530
858 see it, and either I sink or swim. This particular move in Bitcoin, I believe,
859
860 174
861 00:33:26,670 ~-~-> 00:33:39,060
862 is inspiring for me as a dinosaur. Like I said, I started trading 1982. So I'm
863 not familiar with these specific markets, but I'm familiar with how price
864
865 175
866 00:33:39,060 ~-~-> 00:33:52,050
867 delivers. And most of the things that I have been anticipating have happened
868 since basically, July, August of this year. So I'm seeing things that I like
869
870 176
871 00:33:52,050 ~-~-> 00:33:59,220
872 I've been telling everybody, if I start seeing it, then I'll have a better read
873 on it. And then I'm feel more comfortable telling you what I think is going to
874
875 177
876 00:33:59,220 ~-~-> 00:34:09,330
877 happen. But prior to that, I wasn't seeing it. Now what do I mean by that? I
878 think there's a lot more institutional involvement now than there ever has been
879
880 178
881 00:34:09,360 ~-~-> 00:34:17,310
882 ever. And PayPal, which I have a partnership with, because they do on my payment
883 processing for my mentorship. They came out and said that they're going to now
884
885 179
886 00:34:17,310 ~-~-> 00:34:28,440
887 start taking Bitcoin. That's a huge, you know, milestone for crypto. So at some
888 point, and this was one of the arguments I had when I was first introduced to
889
890 180
891 00:34:28,440 ~-~-> 00:34:41,550
892 the idea of my opinion being shared about the asset class. I couldn't go to and
893 I still can't really I couldn't go to a gas station and buy gas with my Bitcoin.
894
895 181
896 00:34:42,090 ~-~-> 00:34:52,260
897 You know, that's starting to change now. I mean, there's places that are taking
898 and there's apps that you can use it and obviously like PayPal is now but it
899
900 182
901 00:34:52,260 ~-~-> 00:35:09,690
902 seems like it's speeding up. So that transition, you know or movement to A more
903 open access to it is obviously making itself known. But it admittedly, it wasn't
904
905 183
906 00:35:09,690 ~-~-> 00:35:26,610
907 like that prior to 2020, okay, and we'll just say, post pandemic, okay, I'm
908 saying that with my fingers quotations post pandemic, it was not as obvious
909
910 184
911 00:35:26,610 ~-~-> 00:35:39,690
912 anytime prior to it is right now. And you can see, I can see things in price
913 that I was not able to see prior to mid part of this year. And I believe it's
914
915 185
916 00:35:39,690 ~-~-> 00:35:50,340
917 because there's a lot of institutional sponsorship that are taking action. And
918 clearly you can see it, there's a lot of movement in this market. So all this
919
920 186
921 00:35:50,340 ~-~-> 00:36:00,330
922 has done is drawn more interest in it. And obviously, now my interest is piqued
923 on it. It doesn't mean I'm going out in 2021, and opened up an account as of yet
924
925 187
926 00:36:00,330 ~-~-> 00:36:10,440
927 I don't have that in my mind yet. But I will be looking at this market on a day
928 by day basis going forward. I'm treating it like a market that I watch with
929
930 188
931 00:36:11,310 ~-~-> 00:36:24,360
932 forex. Okay, so I've watched the E mini s&p watch gold, watch crude oil. And I
933 watch forex. Okay, and that's about one. And now watch some commodity markets
934
935 189
936 00:36:24,360 ~-~-> 00:36:35,040
937 like soybeans, I've been mentioning that. But I focus on markets that have big
938 moves. Okay. And if you've been following me at any length of time, one of the
939
940 190
941 00:36:35,040 ~-~-> 00:36:45,930
942 things that I like to illustrate and show is my ability to use the tools that I
943 teach not only in this YouTube channel, but in my private group, where it
944
945 191
946 00:36:45,930 ~-~-> 00:36:52,830
947 ferrets out these big moves. Now, there's a lot of people out there that have
948 signal services, and you're trying to get people to subscribe to them and all
949
950 192
951 00:36:52,830 ~-~-> 00:36:59,820
952 that. And they say, you know, I'm bringing you the proof, I'm showing you the
953 proof. I'm not showing you a fuzzy little screen, you can't see anything about
954
955 193
956 00:36:59,820 ~-~-> 00:37:10,590
957 it and claiming 95% I live 95%. Okay, I put my name out there all the time, this
958 is what it is, this is what I think's going to happen. And if I fail, I fail
959
960 194
961 00:37:10,590 ~-~-> 00:37:22,170
962 miserably. Or if I'm consistent, then I'm consistent. So I want big moves. I'm
963 not looking at for instance, like a move that may be found in a market like
964
965 195
966 00:37:22,170 ~-~-> 00:37:36,960
967 this. This used to be one of my favorite markets, the bond market. And, you
968 know, this markets dead. This is Mario is dead. Now you contrast that with a
969
970 196
971 00:37:36,960 ~-~-> 00:37:52,080
972 market move that I made public here. And it's 10s of 1000s of points of
973 movement. You can't compare that there's there's no there's no comparison. Also,
974
975 197
976 00:37:52,860 ~-~-> 00:38:04,440
977 the other market that I felt was a big move rate for this year. And I'm on
978 record with it as well, is soybeans. And that kind of looks a little bit like
979
980 198
981 00:38:05,100 ~-~-> 00:38:07,950
982 Bitcoin doesn't it? Big run up.
983
984 199
985 00:38:09,540 ~-~-> 00:38:22,650
986 This market is basically what I like to talk about as a mega trade. mega trade
987 is like an idea I picked up from Larry Williams Now, the way he finds his mega
988
989 200
990 00:38:22,650 ~-~-> 00:38:30,780
991 trades is not entirely how I do it. There's a lot of things that I do right from
992 his how I made a million dollars trading commodities last year book, which is
993
994 201
995 00:38:30,780 ~-~-> 00:38:45,060
996 absolutely essential reading for everybody that's a trader, because that part of
997 the book is still applicable today. Those elements to how the soybean market
998
999 202
1000 00:38:45,060 ~-~-> 00:38:56,580
1001 traded here. If you read Larry Williams book, how made a million dollar shrink
1002 money last year, that 1970s book would have put you right in this market here.
1003
1004 203
1005 00:38:57,360 ~-~-> 00:39:03,660
1006 And you wouldn't have had to watch any ICT videos. You wouldn't have to watch
1007 anybody else jawboning about the markets, you went there, subscribe to any
1008
1009 204
1010 00:39:03,660 ~-~-> 00:39:17,520
1011 services, his book would have put you in that trade. Okay. What is this trade
1012 look like? Well, from $8.40 to $9.40, that's $5,000 in price movement for one
1013
1014 205
1015 00:39:17,520 ~-~-> 00:39:31,200
1016 contract to 1040, it's 10,000 to 1140, it's 15,000 to 1240, it's 20,000. And
1017 we're probably gonna go to 1340. So that'll be 25,000. If we're comparing apples
1018
1019 206
1020 00:39:31,200 ~-~-> 00:39:40,410
1021 to oranges here, you know, Bitcoin versus soybeans. There's not a big move
1022 happening. And you can clearly admit this. There hasn't been these big moves
1023
1024 207
1025 00:39:40,680 ~-~-> 00:39:52,890
1026 every year in Bitcoin. But there's always a big move in the commodity market.
1027 Every year. There's one every single year. So this is a megatrade. Okay, that I
1028
1029 208
1030 00:39:52,890 ~-~-> 00:40:03,690
1031 like to find these types of moves. Most of my cynics like to think that I'm just
1032 a 20 PIP trader here, and I'm only interested This, that's where I Excel because
1033
1034 209
1035 00:40:03,750 ~-~-> 00:40:12,390
1036 I'm a very short term thinker. And I can change my opinion very quickly. So it
1037 fits my personality Plus, it provides a way of teaching. And it gives my
1038
1039 210
1040 00:40:12,390 ~-~-> 00:40:20,790
1041 students a plethora of examples to work with. Whereas if you look at something
1042 like this, where it takes a half a year to unfold, yes, I outline all this
1043
1044 211
1045 00:40:20,790 ~-~-> 00:40:30,420
1046 stuff. But it takes a long time. And it's very boring to watch this, if you're
1047 if you're not familiar with what you're looking for, or watching, you're going
1048
1049 212
1050 00:40:30,420 ~-~-> 00:40:43,410
1051 to lose interest in this whole thing. But it's the same element of knowing what
1052 price is likely to do, but not absolutely going to do. Okay, and having these
1053
1054 213
1055 00:40:43,410 ~-~-> 00:40:54,900
1056 big moves each year. That's my primary focus. And I go through all the markets
1057 and I try to find where these big moves potentially will occur in Bitcoin,
1058
1059 214
1060 00:40:55,020 ~-~-> 00:41:04,710
1061 because of everything that happened this year with the quote unquote, illness.
1062 That was one of the primary reasons why I said, Okay, if I take a step back and
1063
1064 215
1065 00:41:04,710 ~-~-> 00:41:16,290
1066 look at how everything around the world is kind of coming to a halt, the
1067 economies are basically being attacked. And if that's the case, then this market
1068
1069 216
1070 00:41:16,710 ~-~-> 00:41:30,960
1071 should start seeing a rapid increase. And it creates the well. It was quietly
1072 staying in consolidation, another area here where it's consolidated. And finally
1073
1074 217
1075 00:41:30,960 ~-~-> 00:41:42,360
1076 it was just like, they got to keep it going, and then rallied on higher. So in
1077 short, in in closing, I would like to see a trade to 30,000. Will it? I don't
1078
1079 218
1080 00:41:42,360 ~-~-> 00:41:56,040
1081 know. But I would not be surprised if it does not correct. And trade back down
1082 below 20 to make everybody feel uneasy about holding on to it. Like this was the
1083
1084 219
1085 00:41:56,040 ~-~-> 00:42:10,650
1086 blow off move. While this is exceptional price action, I don't think this is it.
1087 Like if Bitcoin was going to climax reverse on a run higher. I don't see this as
1088
1089 220
1090 00:42:10,650 ~-~-> 00:42:23,250
1091 capitulation yet. If that makes any sense to you, like I feel like this is just
1092 part of it. And then we'll see like this big huge, maybe one or two big long
1093
1094 221
1095 00:42:23,250 ~-~-> 00:42:36,120
1096 candles, maybe we'll have, you know, 5000 or 6000 point candle, then, you know,
1097 I would feel like okay, we're getting nuts. Now everybody's dogpiling in on
1098
1099 222
1100 00:42:36,120 ~-~-> 00:42:44,220
1101 this. If we see a day like that, or daily range, it does something like that, it
1102 doesn't necessarily have to be five or 6000 points, but something that's so
1103
1104 223
1105 00:42:44,220 ~-~-> 00:42:52,980
1106 grandiose compared to everything else in the past. It basically you'll know it
1107 when you see it, I think that's the day that you should be rapidly trailing your
1108
1109 224
1110 00:42:52,980 ~-~-> 00:43:07,230
1111 stop loss up using an hourly chart intraday, and kind of like locking in any
1112 realized unrealized, rather profits that had been accumulated at that point. But
1113
1114 225
1115 00:43:07,230 ~-~-> 00:43:08,400
1116 right now, it's kind of like
1117
1118 226
1119 00:43:10,320 ~-~-> 00:43:25,200
1120 Larry Williams said this beautifully in his four VHS tape. Of course, the
1121 futures manners confidential trading course, it's for cassette tapes, or VHS
1122
1123 227
1124 00:43:25,230 ~-~-> 00:43:35,190
1125 tapes, rather. And it was produced in 1995. And mine were watched so many times,
1126 they no longer worked, so I don't have access to them anymore. But nonetheless,
1127
1128 228
1129 00:43:35,550 ~-~-> 00:43:44,670
1130 he made a comment in there. And it's still I still think about all the time when
1131 I think about like mega moves, like these big mega trade type, big blow off
1132
1133 229
1134 00:43:44,670 ~-~-> 00:43:55,200
1135 moves. He mentioned it about commercial markets. And I'll leave that for your
1136 study. If you buy the book. How many million dollar trading commodities last
1137
1138 230
1139 00:43:55,200 ~-~-> 00:44:03,780
1140 year. It's just a wonderful book. It's a simple book. It's not highly technical.
1141 I don't subscribe to everything in there. But the things that he talks about
1142
1143 231
1144 00:44:03,780 ~-~-> 00:44:14,760
1145 having million dollar setups, they work folks. Okay, so if you're looking for a
1146 book to buy, okay, maybe you have you some money that you got your stocking from
1147
1148 232
1149 00:44:14,760 ~-~-> 00:44:23,700
1150 Santa, you spend a little bit of money support that guy, okay, because he's put
1151 out a lot of good stuff. I don't subscribe to everything. Okay, but that book is
1152
1153 233
1154 00:44:23,700 ~-~-> 00:44:33,420
1155 absolutely gold. And it was written in 1970s. And it's still true today. But he
1156 made a comment about these big commercial bull markets that take off and really
1157
1158 234
1159 00:44:33,420 ~-~-> 00:44:45,000
1160 run up crazy. Nobody knows where they're gonna go. Okay. And as I was talking to
1161 you in this video, I'm speaking and thinking about his voice in my head back in
1162
1163 235
1164 00:44:45,000 ~-~-> 00:44:57,990
1165 1995. When I heard him in his course, say those very words. Nobody knows where
1166 it's going to go when you have these big mega moves. And I have racked my brains
1167
1168 236
1169 00:44:59,010 ~-~-> 00:45:09,000
1170 from which 30 years Here's trying to solve that puzzle. And I'm here to tell
1171 you, I gave up on it because there really is no way, but you want to do this.
1172
1173 237
1174 00:45:09,690 ~-~-> 00:45:19,560
1175 And this is his words, you want to wrap your arms around it, close your eyes,
1176 and just hold on for dear life, day come hell or high water, and see where you
1177
1178 238
1179 00:45:19,560 ~-~-> 00:45:29,220
1180 end up six months later, because they can go so much farther than you want, or
1181 expect them to go. And I'm kinda like paraphrasing, but when I watched him say
1182
1183 239
1184 00:45:29,220 ~-~-> 00:45:37,680
1185 that the first time, I was grinning, because I'm thinking myself, man, that's
1186 amazing. Like, I want to be in moves like that. Well, I think Bitcoin has some
1187
1188 240
1189 00:45:37,680 ~-~-> 00:45:49,410
1190 of that still in it. So while this is great, I don't think this is the end of
1191 it. Okay, do we need to correct maybe, I would personally like to see it not do
1192
1193 241
1194 00:45:49,410 ~-~-> 00:45:58,950
1195 it, I would like to see it say, you know, we spent too much time below 20,000,
1196 we don't need to be down anymore. That's kind of like my view on it. If Bitcoin
1197
1198 242
1199 00:45:58,980 ~-~-> 00:46:05,730
1200 or crypto is exactly what everybody believes it is, it's going to be this
1201 juggernaut that no one's going to be able to stop. And I'm not trying to be
1202
1203 243
1204 00:46:05,730 ~-~-> 00:46:14,340
1205 facetious, I'm not trying to make fun. I'm not trying to be sarcastic here. I'm
1206 saying, if that's really what this is, then this market should say, I don't need
1207
1208 244
1209 00:46:14,340 ~-~-> 00:46:27,030
1210 to go back down the 20, I'm gonna flex and push myself to 50. That's the way I
1211 interpret it, does it need to go back down to 20? It could, but if it does, I
1212
1213 245
1214 00:46:27,030 ~-~-> 00:46:35,310
1215 don't think it breaks it, you know what I mean? Like, I think it needs to go
1216 back down here. And that would serve two purposes. Number one, it would upset
1217
1218 246
1219 00:46:35,310 ~-~-> 00:46:42,330
1220 anyone that has a child stoploss below this swing low. And if it goes below
1221 20,000, it would upset those individuals that just want to see this old
1222
1223 247
1224 00:46:42,330 ~-~-> 00:46:51,960
1225 resistance, quote, unquote, be acting as support, I think it can come back down
1226 with a deeper and scare everybody out of the idea of Okay, maybe it's gonna
1227
1228 248
1229 00:46:52,050 ~-~-> 00:47:06,930
1230 crash, and then tear off higher again, and do what we saw here. Faster. Okay,
1231 that's what I would expect from this market. If it were to read, you know,
1232
1233 249
1234 00:47:06,990 ~-~-> 00:47:20,670
1235 retrace and come back down. If we lose this low here, then we're probably gonna
1236 keep whatever high forms between that high, you know, being there and retracing
1237
1238 250
1239 00:47:20,670 ~-~-> 00:47:31,410
1240 lower to this low here, then we'll have to work out some price action, speed
1241 bumps at that time, meaning that it consolidate, maybe trade a little bit lower,
1242
1243 251
1244 00:47:31,950 ~-~-> 00:47:43,710
1245 or, basically, hands off, don't touch it for a little while. And that is
1246 honestly, the only thing that I see in price. And it probably did not help any
1247
1248 252
1249 00:47:43,710 ~-~-> 00:47:50,460
1250 of you and probably confused some of you, or probably made you doubt some of the
1251 things you've already subscribed to. which is the reason why I hate doing these
1252
1253 253
1254 00:47:50,460 ~-~-> 00:47:57,240
1255 kind of videos. It's not because I'm afraid to be right or wrong, because I
1256 already give you what I think is gonna happen like in my community tab. But I
1257
1258 254
1259 00:47:57,240 ~-~-> 00:48:08,250
1260 like to think that if I can just inspire everyone in here to just remember, no
1261 one knows how far this thing can go up.
1262
1263 255
1264 00:48:08,999 ~-~-> 00:48:19,019
1265 I don't think there's a limit on where it could go. That could be justified in
1266 anyone's eyes, like you can't, so nobody can come on YouTube, or go on the TV
1267
1268 256
1269 00:48:19,019 ~-~-> 00:48:27,389
1270 and say, this is where bitcoins gonna go because of this, this this, it's
1271 impossible, that part is impossible, which is exciting thing for people that are
1272
1273 257
1274 00:48:27,389 ~-~-> 00:48:35,909
1275 trading this market because that means you have tremendous opportunity. Now
1276 obviously, there's always risk. And I'm trying to sweet talk you into thinking,
1277
1278 258
1279 00:48:36,119 ~-~-> 00:48:44,879
1280 this is the this is the be all end all everybody should be doing this. But it's
1281 exciting for me now, because like I've said, I've not been interested in this.
1282
1283 259
1284 00:48:45,299 ~-~-> 00:48:53,819
1285 But around the summertime, it started giving me clues that hey, look, you know,
1286 you need to be paying attention to what what this is doing. And I was kind of
1287
1288 260
1289 00:48:53,819 ~-~-> 00:49:01,139
1290 like talking to my my students. I said, Look, you know, it's, it's going to have
1291 to show its colors right now. If it's going to do it, it's going to do it. Now.
1292
1293 261
1294 00:49:01,169 ~-~-> 00:49:14,639
1295 If it doesn't, here's the big here's the big thing. And I'm closing. If Bitcoin
1296 didn't do this, this year, I would have been on YouTube trashing it. literally
1297
1298 262
1299 00:49:14,639 ~-~-> 00:49:24,449
1300 saying it's not going to do what you want it to do. Pretty much what I said
1301 about XRP. Okay. And then this is a Bitcoin video, but I just want to put this
1302
1303 263
1304 00:49:24,449 ~-~-> 00:49:39,329
1305 up here. I called the high in this market to on Twitter. I said, here's the XRP
1306 market. So the weekly chart this, I called this up in here as well called some
1307
1308 264
1309 00:49:39,329 ~-~-> 00:49:47,579
1310 run up into it. And then I said, it's done. It's dead money. And it's been dead
1311 money since then. And there's a lot of people out there that send me emails all
1312
1313 265
1314 00:49:47,579 ~-~-> 00:49:56,609
1315 the time. And please don't send me emails, folks. If I see anything about XRP or
1316 ripple, I don't even read it. Okay, and I don't mean to be ignorant. I just have
1317
1318 266
1319 00:49:56,609 ~-~-> 00:50:05,159
1320 very little time and when I get to the emails in order I received them It has
1321 anything to do with this market here. I literally just just completely send it
1322
1323 267
1324 00:50:05,159 ~-~-> 00:50:16,229
1325 to the dubbin. I don't look at it. I don't read it. Yes, we had a little bit of
1326 a run up in here. But there's nothing in this. This is literally penny stocks.
1327
1328 268
1329 00:50:16,349 ~-~-> 00:50:25,829
1330 Okay, it's performing like penny stocks, it would need to do something at a
1331 later time because as of right now, it's dead money. Now, if you remember and
1332
1333 269
1334 00:50:25,829 ~-~-> 00:50:33,269
1335 look at how Bitcoin started, it did a lot of this kind of stuff. I mean, I don't
1336 think it was this cheap. But it did some squirrely looking things in the
1337
1338 270
1339 00:50:33,269 ~-~-> 00:50:41,759
1340 beginning. Okay, and maybe down the road 510 years from now, maybe it will be
1341 less time if it's going to do I don't know, folks. Okay, but I'm just giving you
1342
1343 271
1344 00:50:41,759 ~-~-> 00:50:48,839
1345 my opinion. And it means absolutely nothing. Okay, I don't have any vested
1346 interest in this. I'm this saying, every time I've talked about this one here,
1347
1348 272
1349 00:50:48,929 ~-~-> 00:50:58,199
1350 and then some of you're saying shut up ICT, you're killing it. If you think I'm
1351 I'm talking this market down, making it go down, you don't believe what you
1352
1353 273
1354 00:50:58,199 ~-~-> 00:51:07,439
1355 believe about it. Because it doesn't make a difference. When I say about it. I'm
1356 not even trading it. So it's, it's just me sharing what I see in the price
1357
1358 274
1359 00:51:07,439 ~-~-> 00:51:20,279
1360 action. This is all classic penny stock activity. It's a pump and dump. Okay.
1361 You're not seeing that with Bitcoin. And that was what I meant when I said XRP
1362
1363 275
1364 00:51:20,279 ~-~-> 00:51:29,129
1365 is dead money. So if you're going to be doing anything crypto, you know, at
1366 least be in Bitcoin, if you're going to do it at all, because that's where
1367
1368 276
1369 00:51:29,129 ~-~-> 00:51:36,599
1370 everything's being poured into, it's going there. Now, there may be other coins
1371 and other things that they're, you know, starting to work in maybe some of you
1372
1373 277
1374 00:51:36,599 ~-~-> 00:51:46,289
1375 are more savvy in regards to noticing what they are, you know, God bless you.
1376 But I'm only sticking to the things that I know very little about because
1377
1378 278
1379 00:51:46,289 ~-~-> 00:51:57,899
1380 everything else is next to nothing. But bitcoins price action has this year
1381 showed me things that I have not been able to see consistently until 2020. And
1382
1383 279
1384 00:51:57,899 ~-~-> 00:52:12,719
1385 it wasn't until again, post pandemic. So I hope you have at least considered the
1386 likelihood of this may be gone a little bit higher than what we're showing here.
1387
1388 280
1389 00:52:13,049 ~-~-> 00:52:21,749
1390 I don't want to talk anybody out of a position because it would just be terrible
1391 for you to send me an email, say I see, You scared the living daylights out of
1392
1393 281
1394 00:52:21,749 ~-~-> 00:52:30,059
1395 me. And I took everything off at this price level. And it goes to 100,000. You
1396 know, I would be terribly upset about that. So don't take anything I'm saying
1397
1398 282
1399 00:52:30,059 ~-~-> 00:52:38,789
1400 here as investment advice. If you have a trade idea, and you think it's going to
1401 go to whatever level it is, you know what? Follow it stick to it, because I'm
1402
1403 283
1404 00:52:38,789 ~-~-> 00:52:49,739
1405 probably wrong. If you looked at every time that I was trading on paper, not
1406 with my funds, these crypto markets, when I was trying to do it on a day by day
1407
1408 284
1409 00:52:49,739 ~-~-> 00:53:01,469
1410 basis, like it was horrendous. It was so bad. Like, it was shameful, like, and
1411 that's why I said like I don't have any Mojo with this. Like I don't, when I
1412
1413 285
1414 00:53:01,469 ~-~-> 00:53:07,319
1415 feel like I haven't I make it public knowledge. But that's it, it's not a lot,
1416 but they tend to be the bigger price swings.
1417
1418 286
1419 00:53:09,869 ~-~-> 00:53:24,269
1420 This year, I've seen more using a four hour on a daily chart setups that I have
1421 not been able to see prior to midpoint of this year. So for everyone that has
1422
1423 287
1424 00:53:24,269 ~-~-> 00:53:32,519
1425 followed me for a length of time, and you know, I've always said this, I don't
1426 see the same signatures in price that I see in forex, I'm starting to see them.
1427
1428 288
1429 00:53:32,669 ~-~-> 00:53:41,639
1430 Now when I say that it doesn't mean I see everything that I see. In forex, that
1431 makes it so precise. I'm seeing a lot more of it now. And that means that the
1432
1433 289
1434 00:53:41,639 ~-~-> 00:53:52,559
1435 boys, they're in this now they're really starting to pour into it. So if they're
1436 going to be involved in this, and if I'm accurate in my observations, then this
1437
1438 290
1439 00:53:52,709 ~-~-> 00:54:01,259
1440 asset class is going to get really, really exciting. which kind of makes sense
1441 because if you look at forex, forex, it's kind of quiet right now, even though
1442
1443 291
1444 00:54:01,259 ~-~-> 00:54:15,209
1445 it's going where we want it to go. It's slow and lethargic. And you can't
1446 compare, you know, with 20,000 points, you know, 20,000 points, versus, you
1447
1448 292
1449 00:54:15,209 ~-~-> 00:54:21,989
1450 know, I'm looking at like 50 to 75 pips a week if I'm trading forex, not because
1451 that's all I can make. But that's kind of like, it's easy for me to do. It's
1452
1453 293
1454 00:54:21,989 ~-~-> 00:54:31,559
1455 easy for me to find, and it gives me a lot of free time. I've never seen a
1456 market that can offer swings like that, like 20 points now 20,000 points, and
1457
1458 294
1459 00:54:31,559 ~-~-> 00:54:42,689
1460 calling it and seeing, you know, this is where it's going to go. Like this could
1461 be a really amazing turn of events for traders. And some of you, Brian, we've
1462
1463 295
1464 00:54:42,689 ~-~-> 00:54:49,319
1465 been doing this for all this time, Michael, where you've been? We've been trying
1466 to tell you Yeah, I get it, but there's the things that I'm looking for that
1467
1468 296
1469 00:54:49,529 ~-~-> 00:54:58,739
1470 I've been very apprehensive about participating in because they're not there
1471 until now. And I'm hoping to see more of the things I look for in forex happen
1472
1473 297
1474 00:54:58,739 ~-~-> 00:55:07,109
1475 in this asset class. Because if it does, I'm coming to dominate this one just
1476 like I did forex, and talk to you next time. Happy New Year, be safe, and I'll
1477
1478 298
1479 00:55:07,109 ~-~-> 00:55:08,549
1480 talk to you again in 2021