Transcription
Hello everyone. Welcome to the first live stream of this trading week. So yes, before we even begin, I hope that you guys can recall me saying that as we draw closer to the, you know, US elections, which is that event that we have been waiting for like since the beginning of the year, right?
As you guys you know might have realized and as I have said right as we draw closer to this event what did I say was going to happen we will you know start getting worse conditions right especially when it's like you know a few weeks you know until we get that injection of volatility right so all of the volatility is just waiting for what the 5th of next month Right? That's that's what it that's what it is.
If you look now right during this week, first of all, today which is Monday, we had a bank holiday, right? Where whereas we saw price, you know, going in our favor the bias that we previously had, right? But there was little to no logic there, you know, for you guys. tomorrow which is Tuesday. You see that we have no news. Wednesday again we have no news. Then the only time we have news this week is Thursday. Right? You can see that this week this week lacks volatility. Even next week we just have news on Monday as well. Right? And we will usually get you know a lot of price press action movement or volatility in the fourth you know week of the month right so yes that's it you see there isn't much to talk about right we just know that Thursday we can expect something to form before Thursday or after Thursday which is Friday if you're interested in doing anything right there must be two things that are present right and it's the two main things that we always talk about and you already know what it is sequential and the precision soon when there was no volatility those were the things that you depend on right and these are usually the things that pause price to turn around price to reverse within the you know crypto market as well. Right?
So here you can see that right it doesn't look like price did a lot here but you know this is the weekly time frame. So all of this candle right here, well even this one right here, you can see that this candle right pulled below this one. This one failed to do so right and then after that what happened price just continued higher. So this was sequential SMT right here. And when looking at on the and this is just a tip and you don't have to do this but you know when looking on the weekly time frame right once you see this right a correlation between the candles whereas this one is higher than this one but this one is lower than this one right expect the next candle to expand and this is why right and we'll talk about the movement that we expected next. Right? This is why we expected what we expected which was a higher movement of price for Bitcoin and Ethereum. So here it does not look much and this is due to the fact that price is waiting for the US elections right.
So until then, [clears throat] right, and price has been just, you know, going to back and forth, back and forth for over 6 months right now, I believe, right? So since March, it's just been going going just back and forth, back and forth, back and forth, right? A lot of liquidity above this high. And yes, I believe that right price will eventually run above this high. And if we see this happen between Bitcoin versus price runs above this high right here and you know Ethereum fails to run above this high then that would be sequential SMT and you know qualify price for a reversal. So yes, these few weeks that we're heading into right now, which I believe is like less than four weeks until we have the well, it's less than a month, right, before the elections, right? These will be the hardest weeks, right? Price will prices will be at alltime highs for some assets, alltime lows for some assets like, you know, the some coins or whatnot, right? Mostly all all-time highs for you know assets such as these you know strong assets Bitcoin, Ethereum, the S&P 500 and you know just dabbling in the middle in terms of the FX market. So it's during these times that we will see and this lesson will not even be relevant until it's like election time again because like we won't be experiencing this type of price action for you know a few years right unless it's like on the very low time frames like before we have from payroll or before we have CPI or before we just have some type of high impact new spent Right.
So yes, that's my outlook for, you know, this time frame. Right now, it's not much to see. And here is where we have, you know, the magic happen, right? So [snorts] as you guys remember, right? And now I'll just go to the daily time frame here, right? When we looked at Bitcoin, what did we what we what did we expect? We expected, you know, price to go higher. But first, we want to see if this low be taken up. And not only did we want to see this low be taken out, we also wanted to see SMT and a precision swing point. And that's what we have right here. Right? This is a daily time frame, right? We had price take this low out, right? Which was the previous week to this week, right? Price took this load out. This was a precision swing point. Here we had price f this load and this was a position point. Right. Also we had what? SMT fill right after we had this beautiful price action right and within this precision swing point there's another lower time precision swing point which you will look at right now. Right.
So this is the 4hour time frame and this is the way we look at price right as you guys should know I believe all of you guys know this right the yearly time frame for the 12 then the monthly then the weekly daily 4hour 1 hour 15 minute 5 minute and one we could go lower but it's not necessary right now but eventually we will so here we can see that we have a precision swing point here as well right which is the low of the previous week, right? Always remember that when we're looking at the weekly cycle, right? We have to use the 4hour time frame, right? So here we went below the previous week which was not a part of quarterly theory, right? This is Din theory. This is the blank week that you see every you know 3 months or so, right? So here price traded below this low. So the previous week which is what we expected price to straight below this low then go higher. Right? The reason why we wanted to see this happen was because it didn't happen. And I'll say again the reason why we wanted to see this right here happen was because it did not happen. Do you understand? We pray on these types of things to occur in Christ action before we can do anything at all. That's what it is.
All right. So you can have a handset a handful of assets that you look at. You can look at crypto, right? You can just use Bitcoin and Ethereum, right? Or you just need that deal, Bitcoin and Ethereum, right? Because they basically control everything else on the marketplace, right? Bitcoin and Ethereum, you don't really need much more than that. You don't want to confuse yourself, right? The 4hour time frame. And you know this is what you look for cuz this is the main thing that will cause spice to reverse, right? Sequential SMT between the monthly cycle, right? Or sequential SMT between the weekly cycle. And if you're using sequence SMT between the weekly cycle, what do you use the 1 hour time frame? So yes, we had price drop below this low, stamp a precision swing point and continue higher. Here is we had price fail to break below this low stamp precision swing point and continue higher. Right? Something to pay attention to is here. This low right here, right? And let me use so you can see this low right here. Right? It was formed on what? Thursday, right? This low right here was formed on a Thursday. This low right here, it was formed on a Thursday. And this low right here, it was formed on a Thursday. Right? So that's something that you need to pay attention to. At times it's not necessary, completely necessary, but it does make you know your analysis more accurate.
Here we can see that price is still following this sequential SMT right here right so again it's a sequential between the years right so it's between 2023 and the current year right so we talked about it prices was around here then we saw price just explode a bit it's still you know continuing higher believe is a draw liquidity for the US dollar index. We believe this is drawn liquidity for the euro. We believe that you know price we should be seeing some lower prices for the pound right and at the moment you you guys realize right we do have right the US dollar index you know moving in the same direction as the futures trade which isn't something that you want to see when you're looking for high probability market conditions usually you see these things happen whenever you have you know prices at all-time highs for the resto index right as I've said before whenever the epics triad consolidates you always see expansion you know occur in regards to the futures triad right so here there isn't much to look at right we need to see you know something clear, you know, happen here. You can see that we have the British pound just doing nothing. Basically, we see the euro just basically doing nothing again consolidating here. We had liquidity. We have liquidity below these lows. We have liquidity above this high. We could see price sweep with high, sweep with low or you know one of them just sweep with liquidity. The same you know same thing for the British pound call sequences and T and then price will just continue higher for the US dollar index continue lower for the euro and continue lower for the British pound here. Right?
You can see that we have the IRT interest rate tri moving in the same direction as the FX tri. It's very important to note that whenever you see the IR or the interest rate tri out of sync with the futures triad, you know the S&P 500, NASA, PA, you know that means that we are, you know, about to have a reversal in regards to the future trade. Especially if prices are at alltime highs, right? So there are times when you see this, it will seem confusing, right? But it's just that it's lagging, right? It's just the lag, which is obviously programmed, right? At the highs right here, what do you see? We have this candle trading above this one. This candle trade above this one for the weekly time frame. Each of these candles represent a weak data here. What do you have this price? This candle getting straight about this one. So that's sequence. Here you guys can see that price did go in our you know desired direction right even though here you know we didn't get the sweep that we needed which would be perfect but as soon as we had you know this empty market structure shift right here right we expect the price higher to go higher and even around while while price was here we still expect the price to go higher which it did. [clears throat]
So yes, for the next 5 minutes or so, I'm going to be answering some of your questions. If you missed anything, please let me know right now. I'm looking at the chat box. I'll just be, you know, waiting for questions or anticipating your questions for the next, you know, 60 seconds. If there are no questions, then Yep. Oh my god. Hold on. Hold on. Hold on. Some guy, some people are saying that there's no audio. Are you serious, bro? Don't play with me, man. Is there no audio for Okay, some people say audio is good. Wow, that scared me. Okay, audio is good. I guess that um [clears throat] you'll be able to hear the recording. So, some people say that you need to close and um restart your Telegram or something like that, but don't worry, it's recorded, so you'll be okay. Right.
So, this is for everyone that's new, right? Those of you that are seasoned, you understand that, you know, this type of price action that we're having right now, it's normal, right? There are times when it comes there times when when it's like it's almost impossible to read, right? And that's usually the case when price is at alltime highs if you do not use the tools that we use such you know when we compare the priority to the futures chart and so on right as of now am I correct in saying that there is a viable monthly sequence on FX tri yes yes sir but due to the fact that we have the opposing Tes on the higher time frame. Remember that one. Right? It will be shortlived if it even takes place. Right?
So I hope that you found this useful. We will be back again. Right? As you guys see there isn't much much to do or to talk about. If you need to do anything at all, right? Just make sure that you have two things as I always say sequence system and a precision swing point right and then you'll be okay as long as you manage your risk. So hope you found this useful. We will be back 6:00 p.m. Eastern Standard Time on Wednesday.