foreign  [Music]  K or 16k for Bitcoin first which one  gets tagged this week I think this week  is going to be a range breaking week for  trades uh which means that it's a big  week ahead we have huge economic  calendar events and I thought let's  start off with this tweet over here by  Alpha BTC he says this week is the ma  the market is going to be a range  breaker with PPI and CPI numbers  released Wednesday and Thursday we find  out if the feds hikes have made enough  of an impact to start thinking uh of a  softing softening landing and then he  says my thinking is that they won't be  and markets or Bitcoin at least will  have its next leg down so as you can see  Wednesday Thursday all marked in red on  the Forex calendar of here the economic  calendar uh big big big events coming up  uh just don't mistaken this with the  actual uh CPI  um raises in interest rates so anything  that's only coming in early November but  this will kind of give guidance on what  the probability is of a 75 basis point  Ray kite or 50 or 100 for that matter so  we'll get a lot more information  regarding that pure speculation as to  what they were actually raised by later  on in the year so with that being said  CPI numbers will be released on October  the 13th and we've had nine reports so  far this year and the S P 500 has traded  negative on seven of the nine days that  the report came out the last report sent  the S P 500 falling more than four  percent which is rare for inflation days  so last week we were expecting the  expansion of that volatile move to start  to take place at least the etchings of  that to to be shown but we continue to  remain within a tight range and all that  means is the delay basically suggests  that the next move is going to be even  bigger than expected uh so definitely  definitely a week to be focused and I  have noticed that a lot of people who  usually were here a couple of weeks ago  a couple of months ago have started to  fall off and this is typically what you  expect to happen right before these  major volatile moves so definitely time  to be focused the one hopium tweet that  I do have from the trading tank over  here is that Major Market bottoms have  occurred in October more than any other  month so although September has been  recorded historically as one of the  worst months the the major major bottoms  or macro bottoms you have it comparing  to all the other months nine of them  happened in the month of October for all  the biggest crashes recorded in history  so will this time be any different and  we'll just have to wait and see I mean I  definitely think that if you do have a  dollar cost averaging portfolio now is  maybe the time to be a little bit more  aggressive on that uh and and keyword at  dollar cost averaging portfolio I'm not  telling you to go all in by in the dip  or anything because I'm definitely not  but if I am going to be allocating for  example let's say you usually allocate  about a hundred dollars  um a week or a thousand dollars a week  depending on on kind of where you're at  financially maybe now is the time to  start doubling that and going with uh  200 or 2 000 a week instead looking at  this chart over here  um this shows ultimately our range which  is the two week chart you can't see how  tight that range has been and I will  continue to still wait for the ultimate  capitulation into this level uh this is  officially four months that have closed  outside of the lower band and the next  uh two weeks are now going to be  focusing on is it going to be is it  going to lead into uh four and a half  months which is the longest that we've  had  um and let's see let's see what happens  if we're going to hit this level or not  I would definitely as a betting man I I  think that it is going to be inevitable  that we get to that zone eventually now  moving on to this chart over here this  was from last week week I did say that  the thinking behind this particular  trade and you won't see any red over  here because we did eliminate the risk  completely on the straight it is Bitcoin  on the weekly chart stuck below all the  important moving averages and  exponential moving averages too and you  can see we are completely in profit on  this trade the Solana trade which was  our long has been completely stopped out  and now when you look at this trade I  want you to ask yourself is this bullish  or bearish and you'll find that there's  actually a lot of people debating this  weekly close can you consider this  bullish or bearish I mean you can't see  a big wick that's been left behind I  tend to lean towards this is more more  bearish and bullish simply for the  matter of fact that again you're using  this 255 as a resistance area rejecting  off of that Zone plus you have a  downtrend over here which is also being  well respected from a technical analysis  point of view  one thing I'm going to change on this  chart is I'm just gonna ever so slightly  move the TP level up just in line with  the Bollinger band and that is the trade  idea that's coming in now at sixteen  thousand dollars so with that being said  have a look over here at this tweet from  pintoshi he says that uh was this weekly  candle bullish or bearish and why and  you have a lot of different opinions uh  in here but one who might I definitely  respect is cheds and he says bearish  that is a spinning top it could be  called high wave long upper Shadow  reflects a bounce and attempt to reverse  momentum which failed the trend gained  strength after the mean reversion and  then they get into like a little bit of  a debate over here but nevertheless what  I wanted to show you is this if you were  to Google that Candlestick pattern the  inverted Hammer it's supposed to be a  bullish reversal Candlestick but it  really just acts as a bearish  continuation 65 of the time so  um basically there's a 65 percent chance  that that that that will probably be  bearish continuation to the downside so  be cognizant of that speaking of the  consolidation within this range of here  you have uh liver coin over here he says  Bitcoin hit levels of low volatility not  seen in two years while it's reasonable  to expect a large move now more than  ever it's also important to note that  there were two periods in the past when  Bitcoin spent more than 40 days  consolidating after hitting these levels  and let's click on this chart over here  you can see that happened all the way  back in July of 2020 and that obviously  led to a massive consolidation and then  and then a big move to the upside and  the other time was in October similar to  where we add now of 2019 and if I'm not  mistaken this looks like a big  consolidation around that 6K level and  then we we fell all the way down to  three thousand dollars and I kind of  feel that uh that's that is more of the  picture that I'm seeing I'll show you on  the next chart now but it looks very  similar to that 2018 time period when  when you consolidate with lower highs  and a flat bottom 18K is similar to back  then what was six thousand dollars and  then we fell through so definitely to me  still risk remains to the downside not  to say that you shouldn't be bidding and  taking Longs on strong areas of  horizontal support I'm always an  advocate of that with this chart over  here  um I did mention that we would break  this line down at some point which we  did so we've broken down the support  line and then I told you guys look  that's not a license just because you  break down a diagonal is definitely not  a license to go along uh if anything  it's just a license to pay attention to  a range that may be forming and you have  this is kind of the primary range that  we have and until this level gets taken  out over here  um there isn't really much that's  changed other than a Slowdown in  momentum ultimately you now want to be  watching for is this chart this is the  inverter charges to just to catch you up  to date if you're someone that's new  here meaning that if this goes up it's  actually bearish and the market means  it's actually going down so you'll be  looking for this level to get taken out  or this level to get taken out and tying  in with the first tweet over there uh  this week should be a range it should  break the range either to the up or the  downside uh we're going to be looking at  that kind of volatility so you want to  be watching anywhere between uh this  eighteen thousand dollar level eighteen  thousand if we break that uh Above This  level then obviously we're going much  lower and if you break below this level  over here at 22 500 uh then you can say  that well things are turning around and  we're going bullish but from a macro  economic perspective there really isn't  much that's on the bull side I must be  honest with you uh other than uh pure  opium and speculators that are hoping  for something great to happen so  looking at the chart over here with the  Bollinger Bands on The Daily we did  outline the prior times that we had such  tight consolidations in at least in the  last year or so and that happened in  December uh again in April and then we  had over here in June we had in July and  then we have this current one which is  much much tighter I'm sure you can all  agree that if you look at this it's a  lot tighter than those those previous  consolidating times  um we are currently caught right in the  middle Bollinger band and you can see  that it is trying to hold that as  resistance at about nineteen thousand  three hundred uh once that level gets  lost your low Bollinger band is at 18.5  but this all ties in with exactly what  I've shown you over here the overall  range the top of the Bollinger band and  the bottom of the Bollinger band is  essentially a range once we properly  break through one or the other side  either the top or the bottom will know  the ultimate direction for this move so  keep your eye on that and then this is a  long tweet thread I'm not going to read  through it all now but I really  encourage you all to go and have a look  at it it essentially explains yeah I'll  just read the intro it says the US  dollar is Wrecking Havoc globally and  it's only just starting to pick up  momentum and he goes in detail I'll give  it a like and then I'm going to retweet  it go have a look on my on my Twitter  the link is in the description or you  can just look at the top there that's at  Kyle dupes make sure you type it in  exactly like that so you don't go to one  of the um the copycat scam ones but go  and have a read through this it's  absolutely brilliant and it basically it  shows the reasons why the dexie or the  dollar Index is most likely just going  to continue on to the upside over time  and I put this in last week's daily  candle newsletter also sign up to that  if you're not already it is free and I  said look we have a primary Zone over  here about 110 that seems to be acting  as support we use that as a springboard  bounced off and now we are continuing to  the upside and if if and all this  economic data comes out negative this  week I'd imagine that the Dixie will  continue to be the flight to safety  um that most people are treating it as  and therefore you're going to be  targeting about 114 and  look I I'm not the biggest believer in  double tops double bottoms triple tops  triple bottoms I think that the more  times that you hit at a certain area of  resistance or support the more likely it  is to eventually crack and break through  and therefore the next time that we come  up here I think we probably will break  through as I've drawn these lines come  back down retest of 114 and then we're  going to continue on to the six month  key level now the reason that's  important is because this ultimately  suggests that the the FED probably won't  be pivoting um at least this is what the  Dixie chart is telling us and uh  therefore it's not over yet things are  still maybe going to drag on a little  bit longer and I think that ultimately  I'm not a macro Economist but they're  probably gonna deem that we eventually  are in inflation so I mean in inflation  in recession so keep your eye on that  very very important over there what  about the stock market how did that  perform  um and you can see as I just mentioned  right now the double tops double bottoms  triple bottoms I don't really believe in  it look how many times this level's been  hit  um ultimately we're going to fall  through this area what what I was hoping  would bounce up hold this as support is  now flipped into resistance so I could  pretty much just change that  to resistance over there that is now  going to be your next level of  resistance I personally was looking for  this level to get tagged up here didn't  happen next level of interest is the key  quarterly Zone  um whether that happens this week or  over time I'm not 100 sure but this is  the target this is the ultimate Target  that I'm watching over there let's see  what the vix has done look at that vix  has kicked up massively  um on today's open so you can see it has  open look at that massive Gap over there  you have a bit of a trend line that was  forming stuck above the moving average  and then the 30 Mark is the risk line  meaning that any time that you're above  that line anything anything above 30 is  essentially a highly volatile space and  increasing uh vix which is the  volatility indicator for the S P 500 is  usually a decreasing stock market so  um and which bleeds through into crypto  so watching this level once you once you  get above that 35 markets per probably  going to expand very quickly much higher  into the 40 zone so keep an eye on that  let's see the S P 500 futures uh what  this one's doing looks similar to the  NASDAQ over there  um same thing I am going to expect lower  prices here's your ultimate low now  there is a lot of liquidity over here I  told you that this was a no-brainer buy  for many people at least as a short-term  bound so for those in traditional  markets and the reason why is because  all the liquidity was going to be lying  under this area over here  not as many people probably bought that  zone as what would have bought over here  the reason why is here they had  confidence they they knew there was  going to be liquidity under here so as  soon as you broke that people would have  started to bid also if you turn that  onto a weekly chart it was directly in  line with the 200-week moving average so  now we need to see if you cross even a  tick below the prior week on the S P 500  futures then I would say that this is  going to go around rapidly to the  downside and look at that massive Wick  that's been left behind that is not  necessarily a healthy looking candle  um Mark your put your charts on with I'm  going to actually do it now I'm going to  put an alarm or an alert underneath that  previous week's week low there we go  so if that area gets taken out I think  it can move very quickly into the main  target Zone uh which is not that far  away anymore it's only let's say from  current levels that's only about a 10  move and it will be right in the zone  over there uh the yields let's look at  the 10-year yield very very strong  strong weekly close look at that massive  candle to the upside over there uh let's  put it on a daily chart still targeting  ultimately anywhere between that uh 4.2  to 4.5 percent level on the 10-year  yields which makes it tough right that  makes it tough for for crypto and  equities uh it's a liquidity indicator  suggesting that uh there is hardly any  liquidity in the markets everybody is  fleeing into government bonds over there  okay  um I wanted to show this as well because  this should start to gain momentum very  quickly if the fractal remains true in  line with what I showed you now that uh  some of them the biggest crashes in in  history the bottoms occurred in the  month of October and he says you can see  the 2022 S P 500 bear Market cycle is  following those of 1937 2000 and 2008  and based on this we are due for new  lows into October the 25th with a  short-term bottom around then uh give or  take a couple of days so this one's  obviously calling for much much worse in  the long run but it still ultimately  suggests that October should have  acceleration to the downside and we do  also have the uh quarterly earnings  reports that are coming out from big  companies things all sorts of companies  but like uh Apple Microsoft big tech  companies and these tend to move markets  I saw a tweet that showed um that Apple  alone their market cap is bigger than  all of the energy companies combined  which is just absolutely mind-boggling  so you can imagine if those earning  reports are not good what that can  actually do to the markets and here you  you have Callum Thomas he says that  record quantitative easing to  quantitative tightening you didn't think  that you could Escape unscathed from  this monetary Mill storm did you and  look at how much they've already removed  from the balance sheet over there and  and this typically is not really the  environment that you can expect the  whole Market to reverse especially  crypto like I mean guys we have to be  real with ourselves like uh your  altcoins and things do you honestly  think that with what's going on that  these are going to be the first uh most  risky assets of all time in a  quantitative tightening process to start  to just enter into bull run it it's so  unlikely  um definitely safer playing the uh the  shorts than the lungs and um I  definitely think that yeah being an  investor it's it's you should probably  take it easy focus on your career focus  on uh building as much wealth as you  possibly can saving as much money as you  can to buy the ultimate bottom when it  comes I still stand by what I've said  they're 10 to 12K I think is the  ultimate zone to be watching  um I I will start buying around 16k but  10 to 12K is when I when I start to get  in aggressively at least that's the area  that makes the most sense as a bottom  and you have quantitative tightening  like this enormous uh reduction of the  balance sheet over there you can't  expect that things are just going to  start to Rally especially not the  riskiest assets uh in markets so and  with that being said I want to give a  quick shout out to  um my sponsor for the day which is prime  xbt check them out over there this is  definitely more for high leverage margin  trading so for those of you who are  probably sculpt Traders uh or you're  just like high leverage trading uh they  mostly use cross margin you can get a  sign up bonus if you use my promo code  Kyle dupes then you get access to up to  seven thousand dollars in sign up  bonuses and then also check out uh they  do have Forex pairs on there as well so  I think Forex is going to be volatile  leading into this week as well okay with  that being said let's move on to the  three-day chart which is still in its  parallel downtrend  um and I mean ask yourself very very  simply put uh what what was the best  play every time that price came into  these levels over there so you had that  you had that and ultimately you have  that again same thing what should you be  doing I mean I think it's a rhetorical  question over here probably not buying  into resistance I'm not necessarily  telling you that you must go short but  probably buying into resistance is not  the best idea if you do get a spike to  the upside right now and you're looking  at reaching this trend line at about  twenty thousand five hundred dollars so  remember each time I just keep moving  that over at first we are watching this  Zone which meant we could have got 21.5  and then those levels just go down and  down and down and down because it's a  downtrend it's a downtrend and  um therefore you I mean you really have  to ask yourself from an investor  standpoint if there's any decent risk to  reward in uh buying or bidding at these  lows over here I think as a Trader yes  that might make sense but as an investor  I still don't think it makes sense you  want to see much more confidence of  major areas being broken and the macd  over here it is starting to to reach  over here it looks like it's going to  start to roll over on the three-day the  histogram is losing strength and let's  see if this starts to turn over which  ties in with what I'm seeing with the  momentum oscillators on other type and  Frames then you can expect and I did  mention this already last week then you  can expect a little bit further downside  and how far that goes is the question  but we'll we'll cross that road when we  get there so  looking at this chart I think this is  one of the most important charts and  makes the most sense it's BTC daily RSI  and it's telling you everything that you  need to know so similar to the whole  downtrend that I just showed you when  you get to these levels and then you  have the RSI which keeps creating uh  these these kind of bare flags that  break down and down and down and now  we're kind of in the same level over  there so if you look at it on this chart  uh ultimately I did show you there is  also an upper resistance level and RSI  almost made it into that zone and  started to turn back down uh so that  would be something that's bearish but  the most bearish thing of all is I did  warn you guys last week I said that look  you'd want to see a couple of days  holding above you and then you're going  to be looking for the next higher low of  which you can still look for the next  high low but ultimately risk remains to  the downside when you caught below all  those important moving averages and that  is exactly what's happening look at how  every single week over the last three  days has rejected from those moving  averages that is not what you want to  see therefore I would say that risk  remains to the downside so  a lower time frame momentum oscillators  on the four hour are starting to turn  over you're still caught within this  tight triangle over here here's your one  two three lows technically speaking now  I'm talking more to the Traders not the  investors technically speaking you could  be bidding this region over here with  your stop loss underneath the previous  lows uh coming in at about eighteen  thousand six hundred but you have to ask  yourself what is the risk to reward what  is your upside potential because I think  there's more resistance over here then  there is support meaning that the Bears  definitely  um have much more control in this  situation price is stuck below both the  50 and the 200 EMA and you have this  massive cluster of resistance coming in  uh between about twenty thousand five  hundred and twenty one thousand dollars  uh ultimately what I'm saying is that I  think that Bulls may have run out of  time they were meant to run this last  week they were meant to get their levels  last week and it seems like they have  failed so it's not looking good for them  let's look at the different time frames  over here using our momentum oscillators  I'm going to start off uh first High  time frame on the weekly and you can see  weekly this still has a long way to go  down and it looks like the stochastic  RSI the Orange is just breaking below  the white if this starts to roll over  properly  um then there could be a lot of downside  momentum to come and that's all  happening right whilst you are at a very  what I would say is a weak area of  support daily is still coming to the  downside and this can go down quite far  right so this can go all the way down uh  to pretty much a zero read and currently  it's sitting at about 34 to 40. uh so  keep an eye out on that the low time  frames over here four hour you can see  that the bbwp which is the volatility  indicator is at extreme lows and let's  say on The Daily because this came back  down and started Contracting it started  expanding like that and I told you guys  last week I said said watch for this  because what may happen is you may see  this come up come back down like that  and contract and print new blue bars  like that signaling that the volatility  uh is extremely extremely low and then  naturally that's going to expand uh  eventually it's it's a guarantee that it  will expand and now you need to see if  that expansion starts to take place and  the RSI is coming back down which it is  it's coming back down if it comes back  into the purple Zone over here that  would be incredibly bearish and mean  that I would now move all bullish  scenarios off the table and start to  look back down towards much lower prices  so I think guys that brings us to the  end I think that summarizes everything  uh this week  for most of you I would say for most of  you out there uh retail Traders you know  you have you have your day job and  you're working on your on your other  business Endeavors you're probably  better off not trading the market this  week you're probably better off just  waiting for the economic data to all  come out all for the whole uh calendar  to to finish and then have clearer  direction of if we break towards the up  or the downside and then you can make  your uh your high probability trading  decision based off of that information  at a later stage but anyways I think the  stream has been long enough I appreciate  each and every one of you thank you all  for watching uh please make sure that  you join most of the crypto banter  Community who have already signed up  using buy bits or bitget because we do  have the trading competition which is  coming up in I think probably from next  week I think it begins but you can  register this week you only need 250  dollars to trade and I think that the  best thing about the trading competition  is not necessarily to try and win it but  you'll find that you learn a lot about  yourself whilst doing the trading  competition you learn about your  strengths and your weaknesses and using  only 250 dollars and I think that it's  kind of like school fees money in the  sense that that it's it's better to take  that leap and to take the trades and  learn about your mistakes you grow a lot  a lot quicker than what you would by  reading books or watching tons of  YouTube videos because uh you're  actually in the action right so have a  look at those uh these are the links I  believe these are also the links to join  um let me just see  James are you able to speak James is at  home he cut his finger guys are you able  to speak James is there is the link for  the competition in here  yeah that's it right right in the Bible  it was the sign up link and another book  gets the sign up link once you okay so  these are these are if you want to join  the actual competition if you don't have  an exchange then it would be these links  that are below over here and that gives  you access to sign up bonuses so if you  don't have an account use one of these  if you do have an account with anyone  from crypto banter then this is where  you would join the competition and that  is it guys uh shoot your questions  through on Discord if you do have any  questions just tag me in the general  chat or the trades group and then I'll  try and jump on there and answer some of  your questions later today and that's it  I will see you all on the next video  cheers for now  foreign