$BTC #Bitcoin Bull run over? Quick market update 3/04/22
so what's up what's up what's up what's up out there i want to say hello i'm big i want to send some love to you all throughout the world let me know you can hear me let me know where you are in the world there's a lot of hurting going on in the world let's try to spread some love let's try to spread some love that's what we're doing here right we can only do what we can do that's what we're going to try to do friday night big chats let me know you can hear me appreciate that i love the feedback let's get this party started i love the feedback and i love the fact that you're willing to take a little bit of your time and spend that here with me on a friday night we're going to talk about bitcoin we're going to talk about the crypto market i'm going to try to make it educational things can be incredibly confusing and you know throughout my career i've learned that the simpler you make it the better right there's no doubt about that let's check in with the chat room greetings from portugal 10 f3 i don't know where that is that's interesting to me 10 f 10 refi i don't know where that is now rondo it sounds can you tell me where you're from that's really interesting portugal south africa costa rica i need to get on a plane and check out some of these places algeria i love i love algeria in the house um it's great you know everybody's all over the world toronto canada latvia belgium so listen we're in this together right we're in this together we've got to kind of look out for each other we got to uh we we need to we should really look out for each other that's what i'm trying to do i enjoy it and i hope you're enjoying it too let's get the spiel out of the way of course i am on twitter at big chads i like to think of my feed as academic observations about the price trading psychology risk management uh that type of that type of stuff um really just a chart nerd but i'm just i've been wrecked i'm trying to help you not get wrecked um check out my youtube channel go 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educational live streams they're really going to help you out how do you set up a chart like what am i looking at what am i even like how do i even start to understand what i'm looking at what's a trend right watch these live streams all right i'm the author of course of trading wisdom 50 lessons every trader should know i'm very proud of this book the feedback's been ridiculous um i don't even have the link up but let's just right there in my profile on youtube on twitter let's go look at that i mean look at this five stars 4.8 out of five almost 500 reviews that's like unbelievable um and it's important it's a wonderful project it's helped a lot of people kindle uh hardcover paperback audiobook um but guess what i got the free version for you on my youtube go to that playlist right i'm gonna do all 50 lessons for free eventually i'm doing one every three four weeks i just did lesson 12 recently some people when the book came out um some people couldn't afford it and they just don't want to buy it and i say okay i totally respect that check this out free version on my youtube i also have that really great series i've been developing long form interview i have a new guest i'm uh i'm talking to bob lucas who's a fellow bitcoin live colleague we'll get to that in a minute um on monday which is a great honor he's a wonderful trader but look at just the list of look at these folks there's some really smart people um and you know i i come in unscripted i just talk to them i try to ask the right questions australia good to see you in the house nice to see you as well uh viva chile viva china and china would love lover bakaya and chicago of course uh much love to you as well i see ohio i see kosovo folks if i missed that i apologize look tons of chat tons of comments in the chat room um i'm proud of this long form interview series i i feel like i try to ask the right questions i want you to get something out of this check these out i'm really proud of it we've got great stuff maine was last trader main this guy unbelievable story really trader i respect a lot check that out um no doubt about that so check that out my youtube i hope that's of value to you if you're interested in really learning how to trade you got to join bitcoin live i've been doing this for almost four years twice a week i do a long form full market update i don't care where i am i'm on vacation i will always do an update i never miss it and like we don't we haven't been surprised like ask a bitcoin live member if we've been surprised like for the last six months or a year it's just really like bitcoins it's just paid it's just traded based on key levels it's made sense and i'm going to walk you through that tonight i have a whole bunch of tweets um that i've kind of set up ahead of time to kind of walk you through the progression of the price action i think this is confusing for a lot of people but anyway check out bitcoin live i'm incredibly proud of that i really put my name my name um everything behind this check it out okay so like what's the deal and by the way thank you so much for watching thank you for letting me get letting me get that spiel out of the way um trading's like incredibly hard and um you know i trade other markets and i just took a big fresh loss in another market i was trying something i took a loss like i know you know don't don't expect like all these people you see on youtube and twitter we're not all like 10 out of 10 traders we don't just like hit every trade like we all take losses um you have to reflect on your losses you have to have to stop and say how did i get into that position you know why did i take the loss um you know did i have a stop loss did i have a thesis did i respect when the thesis failed you got to reflect don't just like you know don't just bury the losses take time or you know learn your lesson from it i'm learning my lesson um but with bitcoin i you know bitcoin really hasn't surprised me in a long time and i would encourage you to watch and by the way i have a you know watch all my youtube videos watch anything i've done on youtube bitcoin live like it's ages well because bitcoin has made sense you know we haven't really been surprised you know we topped off really this top was easy to see coming i've detailed it on twitter i've detailed it on youtube we've been in corrective mode since then but like what's the deal and look i haven't done a lot of youtube videos recently because i'm trying to i don't want to do too many really i'm trying to give it all bitcoin live and um i don't want pressure on me to do a youtube video but this is a good moment i'll catch up i'm trying to kind of balance things out i want to help you folks what like what do we think is going on right now well guess what bears are still in control right bears have been in control and the level bears needed to to kind of reclaim to kind of say hey i'm back in control it's always been 46k so if you again review my public comments review my bitcoin live comments down here when we started to bounce and we had this outside bar long um outside bar high waves spinning top january 24th i'm not gonna do all the tweets for that i'm just kind of i'm gonna do my tweets for the last kind of uh you know last uh you know week or so in in this kind of lateral or kind of rectangle range if you go back i mean i talked about you know we're due for a relief rally here and then we got the spring okay and we got the spring um and we bounced from that spring and when i what i talked about and what i is that 46k was the level that was like the last level for bear it's like the last bear argument level like bears bears still have a good argument and have had a good argument as long as we're below 46k why right why you know our what's rule number one and if you read my book thank you and i didn't really put it out this way but and by the way i really do appreciate it i really do mean thank you um i knew many of you had and you know it's helped a lot of people for you know five stars so it's not like it's like thank you for reading a bad book but you know what do we do rule one right we listen to the price and we understand that we kind of had that attempted double bottoming pattern that's been i've done this in like five videos you can check it out it's a big level right that's a big level failed support levels you know we listen to price we look for the data points there were a lot of data points there so just in any chart if you had lost that you come back retested from the underside it's a pullback you know classical charting bearish retest that's the level that has to flip it's a momentum level and like your job your whole literally your whole job is to figure whatever you're trading you know and i try to i try to only trade what i'm watching i try to only watch a few things at a time not too many although it's you know literally you know it's my job i cover the market but like i trade what i really watch and here it tells you like this is a big level there's a level you have to cross 46k love from philadelphia pennsylvania checking in in the chat room here uh spirit uh periodically thank you for live streaming thank you hi everyone thank you chad's i don't know i don't know what this means metamask i don't mess with any of that stuff thank you for live streaming great all right hello all right good enough uh tanarif is in europe where is it in europe europa like i've never heard of that place and i'm trying to anyway aloha from hawaii aloha to you um 46k like it's the bottom of that it attempted to bottom there right so when we were relief rallying back here for me there was these there were all these like levels where it could initially reject right so let's it just this is like standard relief any relief rally will do this and you can apply it to any chart um and i've talked about this before so if you're if you've been watching my videos thank you you'll know if this is i'm consistent that i've talked about the lower bollinger dip the overreaction after breaking that key level breaking that 40k level right there that kind of lower uh bollinger the kind of overreaction and now you're first looking ema eight you're always looking ema eight right exponential moving average more sensitive to um more sensitive short term price action so your first watch so it's these levels ema eight okay ma20 right that's first level second level may 20 then you get the ma cross we get the m8 cross 820 getting some momentum and then price test the 30 the 34 the ema 34 fibonacci number right 8 21 34. it just works and why is 34 important like uh did i pick 34 out of out of a hat am i you know am i am i cherry picking no go to my tutorials live streams watch the live streams i don't pick the 34 the price picks it it just works it's not it's not me you know i just pay attention okay i'll let me let me kind of make that case a little stronger rejected here relief rally rejected lower bollinger ema34 rejected yellow line how about here flash dip over reaction volatile move which is what you want as a trader overreaction dip relief rally stalls where ema 34 right it's the whole concept a whole concept of like a primary uptrend support upper ball injured ema8 and you kind of dip a little bit and you get the secondary the ema34 right and then in reverse it's a primary and secondary uh moving average resistance exponential moving average resistance and if i bounce around too much you know you know sorry about that watch my tutorial so ema 8 ma20 ema34 and now we get the first close february 4th we have we have the first sign of weakening bear trend checking in the chat room from everybody all right hello from everybody okay just checking and making sure everything's good all right checking in in the chat room so ema eight relief rally ema eight so we'll really lower bollinger you dip below the lower bollinger your first kind of you know target obviously is the lower bollinger right so even from here you can say okay lower bollinger first target second ema8 ma20 ema34 boom first sign to bear weakening we have our first close below of first close above the ema 34 on february 4th first close above the ema34 since we go back since really broke down at top so that's kind of noteworthy so now you're thinking all right we understand a downtrend will go down it has to force sideways both for sideways then maybe you get a reversal so like one of those pivot points it was 46k was the pivot point okay when we hit that ema 34 right we get that first close we're kind of starting to force now we're sideways that's that is a notable sign of weakening bear trend because bears were unable to force candle body clothes here on the daily chart below the ema 34 at that point and they had been able to maintain candle clothes below ever since the breakdown right so that's you know relief rallies have rejected there so we're kind of setting the table right ema 34 and then boom ma50 that's big we're getting really excited ma50 february 7th we're getting really excited you're seeing a lot of people calling bottom here right if you go check the feeds we're getting a lot of bottom calls here folks bottoms in all right it's in ready to go it's done right tell me i'm wrong in the chat room tell me i'm wrong folks please do to you got a lot of people saying that's it we hit the bottom and you know there's some signs there ema 34 ma50 but as my good my good friend uh well not my good friend yet but someone i respect a lot uh mr john bollinger would point out perhaps you you've really done um you have already done at that point kind of a lower bollinger to upper bollinger move i mean that's a relief that's a big move it's a relief rally so like the onus is on bulls to really push through and what happened we got rejected i mean you know it's logical underside support bull pullback bearish retest we're rejected so we're setting the table we got rejected now we have the throwback the bullish retest of the declining m a 50 sma 50 simple moving average 50 period i'm here for chad what's up carmella um all right making sure everyone is okay in the chat room folks uh all right so we had the bullish retest little bounce and then fade and we drop back to 40k we lost 40k i became bearish i became bearish i tweeted about i talked about on bitcoin live and i talked about it because it's a head and shoulders failure at that point right and and we'll kind of get to that in ada in a minute it's a head and shoulders failure we kind of breach that potential right shoulder that's a big bearish signal it's a a little bit of an analog or essentially um a copy of what we had back here in the four hour when we had an attempted head and shoulders here check the tape again a lot of bowls we're tweeting about a head and shoulders here none of them talk about the invalidation invalidate right right shoulder failure sorry right shoulder failure okay 598 of you folks here lovely folks once again thank you for watching please hit like please hit subscribe appreciate you taking a little bit of time to listen to me ramble i'm head and shoulder failure here right so i get bearish rightly bearish right any kind of attempted reversal pattern that fails any any kind of signal that fails you know it's usually a powerful signal in the other direction so we dropped and then we got that over over reaction right overreaction on february 24th february 24th there was a tweet i wanted to look for did i find it do i don't know if i i was looking for something earlier setting up uh february 24th no okay i was curious because i try to have a pretty good instinct about when we're there we go there it is well see where it was there february's 23rd due for a relief rally where is that that's right here that's pretty good i mean what february 23rd all right so let's set the table i want to kind of set the table and like the premise is this like don't you don't have to feel helpless and like ah what what's happening it's not really complicated we clearly topped off we know why and we've been correcting since then and we've just been focused on key levels and i've talked about it and i've talked about it and i've talked about it and i've talked about it it's all there it's not magic it's simple horizontal levels of support and resistance right we'll just draw this one because this is like unbelievably obvious so i set the table now we know why we're here so uh that is not the right tweet that is not the right tweet either and i'll get to it here we go all right low time frame we're due for a relief rally i feel like okay february 23rd and why do i say that we've already rejected here at the head and shoulders failure and now we've dropped to lower bollinger it's a lower bollinger in the daily and we still have potential at that point for some type of a higher low versus that like late january low checking in the chat room hello from florida what's up cheddar from vermont how we doing there i keep dancing that's absolutely the way to go um all that good stuff good to see you folks appreciate you um reaching out thank you so um you know we you were at the lower bollinger so what so where are we at again february 23rd overdue for a relief rally all right you know and it's not magic it's just kind of you study i'm this is why i tell people like cut your watch list in half like you you have to play stuff you understand it like i get bitcoin and it's not magic i literally tell you what i do i tell you my method i don't hold anything back i don't anything back i just tell exactly how i'm playing it and it's obviously time and experience i mean i understand that but i mean look at the bollingers i've been talking bollingers for years i've been talking about relief rallies due for relief rally we're tagging it we did go lower so it's you know and that's the thing you're never gonna nail you're never gonna nail the exact top or bottom it just doesn't happen it's not about that it's about playing with confirmation of a trend reversal so what does that mean the spring talked about the spring bitcoin live i talked about on twitter there was your beautiful entry look at that right off of spring right so i said do for a relief rally next day we get that flash dip um i think i remember i remember waking up and seeing okay we've kind of held in it was one of those nights where it's like you know you're thinking am i going to wake up and is btc down like 5k it doesn't happen a lot but it can happen we were right there i remember waking up and thinking i it's kind of held in like it's it's handled whatever the volatility was in the broader market obviously stuff's going on but it's like okay i just remember thinking that's kind of held in you know it's held up rather and then boom entered a boom recapture the spring right this is a really textbook entry where you can establish a low you break below and you kind of come back up above it you can just go straight you go long right there and use your stop loss as you're as pretty much your entry maybe like three four two maybe two two three percent lower and then you want to do a three to one risk reward obviously asymmetric um ideally as well but there's your spring entry lower bollinger pretty textbook kind of relief rally type of entry right um nothing we haven't talked about before on this channel of course and then you bounce overdue for relief rally okay all right i get it all right chad's yeah good good job right whatever right relief rally so what's next uh let's see february 28th let's get to february 28th is this is was interesting so february 28th november 28th boom right here so and this is like okay overdue for relief rally you know we bounce a little bit and there's some rejection here but it's like all right so at this point what i don't know what you folks are thinking but you're like all right you know are we you know what are we doing bull pennant you know bull flag you know it's like it's like it doesn't matter what you label it as long as you understand that it's likely bearish continuation right you just kind of look at things simply you get benefit of the doubt it's a trend in progress we kind of had a fake out here we kind of had this you know if you want to call it a rising wedge probably better to find the lower time frames we have the fake out candle here boom right fake out and then run so it bounced february 28th so okay if you didn't enter in the spring right there you enter right here pretty pretty textbook where is that 40.2 it's a little late because obviously i think you're going long on 40k psychological we've talked about that um so here we go where are we at we're at you know 41.3 i've already passed 40k i put out a tweet at the time which i'm not highlighting here which i basically said like you know your long trigger has you just went long you know because we're above 40k at the go check it it's right there um and i try to you know i try to i try to be as reasonable as possible but you went long is it like a super obvious long unbelievably obvious long trade you went long at 40k 700 people that's great 707. so during that candle and so i'm already kind of thinking all right all right great we're the balance but like we need to kind of keep an eye on the broader channel what are we doing like what is the context everything is context and i just you know you can't stop thinking about that level 455 46k so i say so i said working on a green marabozu but i kind of also pointed out to you primary resistance i put that out there i put that out in intentionally i put that out in this in this tweet where i'm wanting you to understand i'm trying to make it obvious which is so obvious to me and inherent is that inherent in that is two or two things are two things first the green marabols will likely lead to some bullish continuation which we had here this kind of five candle cluster that or five or six candle cluster that rejected at primary supply resistance supply resistance resistance secondly primary resistance like pay attention so both i think we're going to bounce but i think we're going to bounce and reject that's what i'm trying to say that's like in between the lines of this picture that i'm giving to you is we're going to bounce and then reject or bounce and then at least test okay uh boom so what i said here though assuming we hold 40k it's crystal clear 46k is the level that needs to flip to confirm a return to the primary bull trend what does that mean we're trying to confirm or turn dow theory turn the 20th century we have a primary bull trend we are in a secondary bear trend that's it what does that mean chad i just explained it primary bull trend we're in a secondary corrective phase the corrective phase would have ended in my opinion and i'm just one person back up above 46k and that's the point i'm trying to make all right that's the point i was making at that at that time in this tweet there we go february 28th look at the image and you can see why now it's basically like saying hey pay attention right primary resistance all right good enough so we're bouncing and it's assuming we hold 40k now we've just broken 40k intraday really we're in this massive green candle we've been around long enough we know that green candle could reverse and and just you know fool everyone but it's assuming 40k holds because 40k is a really important level so that's also a point in making that tweet what's the next tweet same day i said look if you want to head your btc long take some shorts on the weaker alt coins that just bounced okay uh what is that tweet i'm looking for i want to show you this tweet let's see from let's see that's how you can search my tweets from cole and big chats people ask me where you know what textbook type in from your chest back textbook there's my textbook recommendations right from the chat's end of list here you go viable and profitable trading plan options buy the dip in an uptrend sell the rep in a downtrend or take a nap like basically do nothing right so what you want to do is you're trying to go along in bitcoin be really not sure all right we're here we're super long uh you know we're we're clearly momentum long plus 40k but we're kind of approaching key resistance we're worried about that so we want to hedge in that we'll take some some shorts and weaker all coins it's just bounced i'm looking at ada i'm looking at ada just is breaking blow or just breaking or approaching that key one dollar level from the underside where it bounced so many times you talk about head and shoulders failure eight it was textbook uh wide left or complex uh shoulders and head with the 150 uh invalidation level ran to three right broke one boom invalidation right there there's a bunch of other stuff uh dydx was another one i tweeted out i tweeted out like several today um where i gave updates on where it basically said uh i basically said there you go like right there i'm like i basically tweet look at it i tweeted out i was like look i mean like here's here's a playbook dawnlink come to mind i didn't play those but i took soul d y d x and a look at dydx it's like it's just a weak chart that it bounced into moving average resistance so it's like a hedge plane yeah there's that hedge that meme like the hedge or whatever but like you're in a channel where like if btc broke 46k here we're going to 58k it's just such a clear breakout at such a clear level so understanding those key horizontal levels understanding momentum understanding relief rallies all the stuff i talked about in this video you say okay i'm going to hedge myself a little bit i'm gonna take shorts on some of these weaker alts i mean there you are i gave you right there these three i mean look at that eight update boom soul right i'm like soul ma50 i'm i'm shorting there that's a great short right in the ma50 underside right so that's the concept is that's how you can play these markets where you really want to be long ptc and if btc flips 46k you close all the shorts you close all those all coin shorts because bitcoin's gonna take the whole market with it uh essentially at that point right what's up yo north korea all right all right north korea in the house what's going on there just saying checking in on everybody in the chat room it's been a while here i've been uh i've been chad's as a mage i'll take that as a compliment i appreciate that you're a wizard thank you so much chad is a major wizard harry no doubt checking everyone here a lot of comments here in the chat room all right you folks are having fun i'm having fun so um that's it right we're hedging okay all right february 28th what's next march 1st march 1st all right where are where are we at march 1st all right next day it's pretty good we got but we're but we're observing something here already large green candle small real candle body japanese candlestick theory momentum you think about momentum candle body size cheat sheet everything this is me telling you like you gotta not it's not read between the lines but i'm a little breathed between the lines and i'm also kind of being obvious i'm saying listen we are testing incredibly important resistance why did i say this march 1st if we break 46 i'm big chad do you ever see me talking about fomo are you serious i'm the guy who's telling you to wait i'm the guy's telling you to be careful and not fomo okay when you see this tweet if you break if we break 40k full permission to fomo like it should be it should be 10 out of 10 obvious that that is a really big level really big level we're supposed to reject there if we don't we go long which is why i said uh you know if we break 46k full permission to go fomo then i clarified cheat cheat everything under 46k is a relief rally i saw some people and folks uh love you chad good to see you as well holland as well good to see you awesome uh let's see sub chads what's going on iceland that's awesome good to see you iceland i've been i watched the vikings on valhalla i was watching uh and then i started this whole youtube rabbit hole by king canoe the north sea empire like like norway denmark england like all sorts of stuff in history i wanted a whole tangent i'm totally into that stuff um so i'm saying look everything under 46k it's a relief rally there were some people my like um colleagues if you want like you know other whatever influencers and i don't i try to think of myself as an educator but i saw people again like as i said up here right what were they doing they're calling bottom they were doing it here and it's like what do it's like it's like what are you doing what are you doing like we're still below 46k oh they've got their own fancy system and oh my system confirms bottoms in no there's no bottom it's 46k like your system you listening to this right now your system's too complicated just watch just watch key levels just watch key levels it's so simple it just works it's literally undefeated and you know i mean not literally not literally but mostly undefeated you watch my videos on youtube we've been undefeated we haven't really been surprised by bitcoin it's just it's just played to the chart it's made sense it's been very neat and orderly so these people who are calling bottom here drove me crazy and that's why i put out these tweets a little bit of a sub tweet to some other folks who were out there confirming bottom when there was no bottom cheat sheet you know hey guys you know it's still a relief rally just to remind you you know and i'm not here to like be the the buzz kill i'm not out here to be a buzzkill like i'm just i just i'm trying to give value i'm trying to be as honest as objective as i can it's academic academic to me it's it's fun it's practice um but like it's just um i i i end up i end up being that guy sometimes who says listen like it's not it's no we're not there yet and it's important because over time capital like get out you gotta protect your your capital and you learn to wait for confirmation bottom line 46k needed to flip all right so i said relief rally under 46k march first big big big signal we got march 2nd this is my twitter feed it's on twitter this is free go to go to my youtube my twitter it's literally free i do it for fun um and uh four-legged four-hour long leg doji is notable at range highs and then i said ma200 currently says we went and hit the ma200 later all right don't tell me ta doesn't work like i don't i don't care about the news i only focus on the chart don't tell me that doesn't work what do we see here this is 436. i put out tweet warning sign this is a tweet you
read this you know me by now you see this is a warning sign tweet chad just telling me like warning thank you thank you thank you you're quite welcome i like it i hate twitter i'm the same i've had to scale way back and reading my replies just for mental health no doubt about that um plan b said rsi extremely [ __ ] i don't know what that means i like the guy but we've disagreed on analysis and if you look i've been right okay rsi rsi oversold can only be oversold because it's bearish okay rsi below 30 is a better reason to sell than to buy all right so you know a lot of people get that one wrong a lot of people so warning sign japanese candle six there's the four hour this is on march 2nd this was like this is like a high really big signal all right if you understand candlestick theory and there it was look at this candle this candle told you to be careful maybe to sell that was like 43 you know it closed at 43 uh 44k where are we now we're like 39k look at that candle is so textbook outside bar after in advance volatility candle it shows kind of the stalled uptrend it's just it's it's just out of a textbook it is out of a textbook right at key supply key resistance it doesn't get it literally doesn't get any easier than this it just doesn't it's right there it is right there relief rally warning sign ma200 40.5 for our ma200 what did we do we just tagged the 4-hour me 200 like couple days later and now we're below it right we failed to hold there it should have held look uh you know support failed rejection resistance resistance flip over should have held it didn't that was a clue but we tested it all right it's that easy this isn't you know you're making it too complicated right just pay attention here march 2nd march 2nd if btc stalls here your alts are not going to hold up show me your alts that have held up from here march 2nd what what is held up what's held up what's held up i mean i don't think much is held up i mean what's held up even the best stuff even the best stuff adam's pretty good adam's held up actually march 2nd all right there's relative strength let's go down the list that's relative strength ftm march 2nd has not held up and ftm has been one of the better altcoins avax has not held up avax has been one of the better ones has not held up luna from march 2nd has not held up and that's been you know undoubtedly one of the strongest market participants atom has not held up nothing almost nothing has held up look at that go down the list they've all faded your altcoins you had you had uh you had pretty clear you had pretty clear exit signal at that point in my opinion right it's like listen we got a big warning sign and your alts are not going to hold here if btc stalls and inherent in that is that if we flip 46 go long in your alts add up to them right but be defensive you have to be defensive we've just bounced lower bollinger to the upper bollinger at that point what's up chad good to see you west chicago burbs good to see everybody thank you appreciate that you enjoyed my book from denver humble brag absolutely my ego is out of control it's a problem and i admit that i try to be humble but my ego is out of control so it's something in the middle i try to be aware of that um okay so there you go watch your alts they're not going to hold up okay they didn't hold up and here we go throw back to 40k right so now we're throwing back to 40k i'm basically saying we need to hold 46 right this is from this candle we need to hold 46 if not 40k throwback to 40k 40k failed and then boom shields up below 46k march 4th today a little bit earlier i basically said you know get out basically get out i mean uh you know we broke 40k it's time to get out right bottom line um it's a clear level if we bounce up right now and we get above 40k over the weekend is probably gonna chop around if you get about 40k go long again it's not complicated have fun with that it's pretty pretty nice and simple um but it's a clear sell signal at that point that's the key level we extended over we extend it over we extend it over top of the rectangle macro lower high january high february low yadda yadda yadda i think that's um that pretty much explains it all let's see what's going on 20k incoming i don't i don't i don't really know um i think if we break 30k we'll we'll see 20k if we don't immediately get back up above 30k i think that's kind of how i'm looking at it we're kind of thinking about these big major zones you can buy my book on amazon thank you for asking my book is available on amazon kindle audiobook hardcover uh and paperback uh and or just the free version in on youtube you can check that out in my um you know my tutorials uh love you chad's carmel appreciate that i'm gonna i'm gonna wrap it up here in a minute i'm just gonna see if there's anything that i want to address from the chat room i appreciate that um everybody just reading in here everybody i appreciate that look folks trading's super hard i'll just look i'll just talk to you directly trading's really hard um like if you're on a roll if you're on a roll you're gonna find a way to screw it up you're gonna find a way to lose money right so it's all it's just like battle with yourself never too high never too low you have to constantly check your game you have to really have to find discipline so like it's not just how you're trading it's like what you're doing outside of the trading are you outside of trading are you eating well are you sleeping well you know like are you doing things in your life that are gonna gonna offer you more discipline you need to be disciplined because trading will just it's just gonna it's just gonna mess with you in every possible way in ways you could have never imagined you need to survive as a trader by um you know risking less and really sticking to your stop loss so just come into it expecting to fail really hard and many times before you're going to make it don't be don't be arrogant don't be cocky you know just just bet a little bit and try to get experience that's really the only way you're going to do it um that was pretty that was a pretty poor attempt at wisdom i mean it's better in the book i mean that was the whole reason i wrote this book let's get this going here i want to remind you folks that you can find me i am on twitter at big chads academic observations about price trading psychology risk management uh the book is available of course on amazon look at that look at that that's ridiculous f be 4.985 that's unbelievable i'm blown away so it's been it's been really well received um thank you you know deep heartfelt thank you um and like i said check out the free version on youtube go to my youtube hit like hit subscribe playlist trading wisdom i've done 12 of 50. i will
do the whole book for free um i have a new book coming out sometime later this year as well i'm working on it right now it's in draft form it's some of the quotes from the book and um some some my other quotes as well i hope you'll enjoy that um if you're really serious about learning how to trade i i'm really proud of the fact that i'm a founding analyst at bitcoin live i've been doing long-form video updates for them for for almost four years and i never miss an update i take my laptop my microphone with me i have a trip i just booked and i always already have planned out like where and how i'm going to do my bitcoin live update so it's important to me and like i said like we haven't really been we haven't really been caught off guard you can you could join right now you can watch four years of videos and you'll see especially this year all 2021 we really have not been caught off guard and bitcoin's just trading the levels and i'm enjoying trading it trading it and talking about it and i'm really proud of that um when you join you get access to everyone's stuff it's not just mine we have an unbelievable team you get access to everyone's content so i definitely would encourage you to check that out thank you for letting me kind of um talk to you about that i appreciate that opportunity it's friday night i want to thank you for taking time out of your busy day to to listen to me um i think it's important we try to spread some love we tried to spread some good vibes um out there it's you know not everyone is having a good time so let's just try to spread some good energy and hopefully that will do something but you know more than anything i want to let you know i appreciate each and every one of you for listening for watching i may not have seen your comments in the chat room i may miss your uh tweets your your notifications but i'm not ignoring you i definitely want you to know i appreciate you so that's that let's have a little bit of fun shall we foreign
2022-03-06 23:23
