Transcription
Hello everyone. I hope you are doing well. Today, a market review with BTC pumping quite a bit, even cryptos pumping rather well, whether it's Ether and most altcoins. So, we're going to do a fairly global market review, BTC, ETER, we'll look at the strongest cryptos, those that are standing out well. We will also analyze three cryptos that were requested for analysis. I noted SKL, Chainlink, and Pump. Before I start, don't hesitate to join the Discord for those who aren't already there. A very close-knit community that will clearly pull you up, right? It's how I progressed, in complete transparency. I took courses, I read books, etc., but joining a solid community where you discuss with everyone, you have different points of view, people who will share their strategies, their trades, etc. That's something that will clearly pull you up. You also have access to other content like crypto news, economic news that drops directly in real-time as it comes out on Discord. There you go, you have a lot of information. One day, one tip for 365 days. I wrote a tip every day. Well, if you want to start, you start with the very first tip. You do one a day, two a day, and believe me, there is enormous value in that channel. So, if that interests you, if you want to join the Discord, I'll let you click on the first link in the description.
Now, on BTC, we have a very nice pump. Okay, we're going back to test the $117,000 level. It's doing rather well. Now, it needs to break, this level needs to break because we are clearly in a resistance zone. It's not a good zone to position ourselves now. Okay? We saw yesterday that a setup could be triggered when we came back to test the 15-minute tunnel. Now, we are in a phase that is currently too high to position ourselves. From a risk-reward perspective, it's not interesting. Yet, I think this is where most people will start to FOMO and want to position themselves because it's classic when you're at resistance, most people want to position themselves. Okay, and are shouting about the breakout. However, when we are here at support, well, nobody talks about a breakout. It's more like, yes, it's the end, etc., etc. It's classic. Now, as I said, we are not in a good zone. However, this level must break. It's now or never, I'd say. Why? Because we've already been rejected once, we have strong momentum underway, we have to go for it. And for me, if we break this level, we'll have a good chance of making a new ATH. As long as we don't break this level, we are clearly below a big resistance. Now, we have a small one at $1200, but it's an intermediate one; for me, the biggest one is at this level. For me, if we get acceptance above it and break through, we'll have a good chance of making a new ATH. Now, as I was saying, it's not the best time to position ourselves. We saw yesterday that the best time was where? It was at the 15-minute tunnel level. I use moving averages that allow me to materialize a trend each time, and we saw it yesterday live during the video where I clearly told you that we were in a good zone here. Why? Because simply, it's an uptrend. Okay, moving averages are oriented upwards, and here is a pullback in the 15-minute tunnel. A very good zone to look for longs. We even had a W structure here. Okay. Now, W structures, if they are formed in a downtrend, a bit like here, you see, they are rather bottom structures. When they are formed in uptrends, they are rather continuation structures, okay, because here we are in a continuation of this uptrend. So, there was a setup here. Now, here, we are waiting for a pullback to position ourselves. It's classic, right, when you're in an uptrend like this. Boom, the goal is not to position yourself at this level. Now, I'm not saying we are at this level. It's possible we are at this level and we will continue to rise, rise, rise, rise, and then we will set a top and be at this level. But globally, we want to position ourselves here because here is globally at this level. Yes, we are in a good zone, and yes, in an uptrend, there are pumps, retracement phases, pumps, retracement phases. It's during these retracement phases that we position ourselves. Be careful not to FOMO, not to position yourself when the chart is too vertical. It's a fairly classic mistake. Okay, we all go through it, we all want to FOMO, we say "Ah, I'm afraid of missing the train, that's it, I'm on the sidelines." Guys, there are always opportunities. There are always opportunities. Okay? It's just that maybe you don't have the eye for them yet, that will come. Okay? But don't start FOMOing. If you miss an opportunity, there's no point in trying to catch up. No, it's gone, you'll get another one. This is very important what I'm saying, but it can clearly prevent you from FOMOing in the end, from having bad entries and then regretting them. So, we will, of course, wait for the daily close. We need to see if we manage to break this level or not and have acceptance. Of course, if we don't break today, but we break tomorrow or the day after, there's nothing wrong with that. However, ideally, I wouldn't want to see a rejection here. Especially, we are going there in a completely different way than when we went there at that level. Why? Because at that level, we had a weakening of momentum. We can see that on the H4 MACD. You see, boom, here, we clearly had a good bearish divergence, whereas now we have strong momentum, we have a good pump, okay? We don't have a bearish divergence. Some might say "Yes, there's a potential one here." Okay, maybe, but for now, it's not validated. And given the momentum we have underway, I wouldn't be surprised to make a new high on the MACD if we continue to push. So, well, that's the difference between how we got there here and how we got there at that level. Here, we had a weakening of momentum, a small range as we can see, whereas here, we simply have a strong pump. And well, it needs to hold now. It needs to hold, we need buyers to continue to put this pressure. And as I said, if we start to establish ourselves above, it's direction ATH. I remind you, in case we make a new ATH. Now, there are several ways to take profits, to have TP objectives. I invite you to go to my YouTube channel and look in the playlist category. I have one in the investment trading masterclass category. I have videos that deal with how to take profits, how to manage a bull market well, etc., etc. I invite you to go and watch, it will clearly help you. Uh, here, if I have to set profit-taking levels, then we clearly have $135,000 and $141,000. What am I basing this on? I'm simply basing it on Fibonacci extensions of this sideways phase. After that, we can take other levels, other Fibonacci extensions. Here, I've already taken these. We have targets that have already been reached. 118, 100% extension. We can set other targets like, for example, 2618. 2.618. What does that give us? It gives us $153,000 in confluence with $150,000 as well. A good confluence zone. However, the goal is not to have targets everywhere. The goal is not to say, well, I'm playing at 135, at 136, at 137. No. The goal is to have several ways to take profits. Fibo extensions, psychological round numbers, market weakening, reversal patterns, excessive greed. There you go, it can be technical indicators, it can be market sentiment. There are many ways to take profits like that. For me, I maintain this scenario that BTC has done the hardest part. Okay. I don't think BTC will reach $300,000 or $400,000. Perhaps we are in a new cycle. We will just reach $300,000 or $400,000 but very slowly. It will take 3 or 4 years. You see, we'll range, we'll do this, we'll do that. Okay. Boom, we'll do this. It's possible. Maybe we no longer have bear markets. That's what some people are testing. Now, it's a fact. I don't think BTC will dump again like it did -75%, -80%, -90%. Why? Because we see it, the more cycles advance, the less significant the drops are. We see it during this cycle. If I take top to bottom, we are at -83 from memory. -83 exactly. If I take this cycle, the bear market -77, I don't think we'll have such violent dumps. Maybe -60%, -65%, it's possible, but -77% is unlikely. We see it clearly, the more cycles advance, the weaker the bear markets are. However, we will still have retracement phases. That's a fact. Don't fall into this huge FOMO of saying BTC is all the way to the moon, it will never retrace. No, most people said that when we were here, when we were here, it retraced, when we were here, it retraced, and so on and so forth. A market cannot go up in a straight line, it's possible. Except that afterwards, well, we get big dumps. Okay, a big brutal drop because the market was too high, too strong, and especially too fast. It's better to rise like this in stages, to have intermediate levels like this when we have pullbacks, that already gives us reference points in case we retrace, and especially we rise slowly but surely, which simply avoids us having too much volatility because the goal of a portfolio is not to double one day and then lose 50% the next day and then gain 50% again. No, the goal is for it to be constant in the long term with a minimum of volatility. We are in crypto, we are here for that at least. We don't want to have +1% from time to time like traditional finance, okay? Otherwise, we would be interested in traditional finance, which is the case for me, but well, we all have different strategies. But but yes, in any case, it's now, I said it at this level, in fact, I say it all the time. In fact, there is no better time, but I say it all the time, you must prepare your profit-taking strategy. Okay? This is something I go into much more detail about in my courses, but you must have a profit-taking strategy. You must know how you take your profits. You must know what you will do with your profits. After that, there are many points like this that are very important to implement now because it's not when we make a new ATH, it's not when we go to the moon that you should ask yourself "Ah, what do I do? How do I position myself, etc., etc.?" No, that's the worst choice. If you do that, okay, you're dead. Why? Because you're thinking too late and you're thinking with prices that are already too high to begin with, and you don't have a rational analysis. It's completely normal. Why? Because I'll take my example. When I determined these profit-taking targets, 118, 100% extension, we were at quite low levels. Globally, we were at these levels. These are levels I maintained throughout this bull market and respected, as I took my profits at these levels. Do you really think the person who will enter at $95,000 or decide to make their profit-taking strategy at $95,000 will say "Ah well, I'll take my profits, $5,000 higher." No. And that's where they don't have a rational analysis simply because they made their profit-taking strategy too late. That's why you must do it now. If you wait until we are at much higher levels, you will be biased, and especially afterwards, there will be noise. Noise is everything you will see on the media, on Twitter, etc., people getting excited and biasing your analysis because you will see one person talking about a target, a second person, 15, 20, 30 people, and then you will doubt, you will say "Ah well, wait, after all, everyone says that, maybe I'm wrong." And that's where you will modify your plan. And even if these people are right, there's nothing worse than modifying a plan. Your plan, yours, not your neighbor's, yours, which was established by yourself and will not be modified by another person. There can be plan adjustments, and I do adjust my plan, but I don't adjust it constantly, I don't adjust it every day, and especially not because I heard someone on Twitter say that BTC will go to the moon in October, in November, etc. No. Okay. So, so there you go, we will monitor the close on BTC. In any case, it's very well positioned to break this resistance zone. We always follow the trend in the short term. We put moving averages, we put pivot points, and as soon as we have pullbacks on these moving averages, on these pivot points, well, we look for longs in the direction of the trend. It's as simple as that. Now, for some, it may seem complicated, and it is complicated, I understand, when someone hasn't traded, doesn't have much experience, doesn't know their tools, their indicators well, it's complicated, that's a fact. But when you start to master them, when you start to understand how to master them, how to have a real setup and position yourself, well, it's not that complicated. Okay? The most important thing is to have this discipline, this consistency at the beginning. Okay? Until you assimilate all this information. Then, when you have the strategy in place, well, you just have to respect it. It's an on/off button, simply. The strategy triggers, you press on, it doesn't trigger, well, you press off, you do nothing, simply. There you go. After that, these are rules that you set and you respect them. Uh, that's it for BTC.
Now, regarding Ether, Ether is also doing rather well since it bounced on its $3,000 level. We saw it. You see why it's important to have invalidations and especially to have key levels like this that we draw. There aren't 1000 levels on Ether. And frankly, I've drawn three levels. My three levels are there, and they are enough for me to make long-term investment decisions. At this level, when we reintegrated, I was very bullish, and I clearly told you, you can look at my previous videos, when we reintegrated here, I told you that we were reintegrating a level like this. Deviation, reintegration, the goal is to reach the opposite extreme. After that, when we reach the opposite extreme, I cannot know what we will do. I cannot know if we will just break, if we will accept, if we will reintegrate, I don't know. However, what I do know is that after a deviation, reintegration, there is a high probability of reaching higher. We reached higher, and we clearly broke through, we clearly accepted, and we see it with this wick. Now, this is a level that must hold. And I was the first to tell you when we were at $3,090. Okay, I told you, I told you the trend is degrading in the short to medium term, that's a fact. Breaking these levels, losing the H4 tunnel, that's a fact. However, I was the first to tell you, and you can verify it as I said, that $3,900 is an important level in the long term that acts as support. It's a very good level to position yourself, but you absolutely must not lose it. Otherwise, the potential degradation is a market top and reversal. For now, Ether is reacting very well at this level. It's pumping again, okay, it's reintegrating this level which acted as support and then resistance since we broke it. Globally, Ether is reintegrating this range. So, a typical reintegration of a range for me. Objective: reach the opposite extreme. We are back above the 1-hour tunnel, we are back above the 4-hour tunnel, we are finding moving averages oriented upwards. There you go, it's the same as on BTC, we are in an upward flow. Okay, moving averages, when we have pullbacks on them, they act as support. In any case, they have a high chance of acting as support. It's like when you are in a downtrend. See here, we are in a downtrend. Well, the 15-minute tunnel, the white tunnel has a high chance of acting as resistance. We see it at this level, we see it at this level, we see it at this level. Okay? Until we break it. And when we break it, well, it acts as support. That's the importance of trading in the direction of the flow, trading in the trend. We have a bearish chart, we look for shorts. We have a bullish chart, we simply look for uh, for longs. Uh, now, for me, on Ether, what I will be watching is especially, well, here, we are reintegrating a level, we will wait for the daily close, but for now, it's very well underway. We have an intermediate resistance at this level, globally around $4,500. If we break this zone, there's a good chance of reaching the opposite extreme. So, globally, our levels are here on Ether, we draw them together. Resistance zone, automatically it's this zone. Intermediate resistance here. Well, good resistance anyway, $4,500. And here we had this zone that we are flipping into support. This simply allows you to have levels where you can position yourself in case of retracements. So, if we close like this. Let's say, we do this. Boom, I'll just delete my lines. Let's say, we do this. Okay, well, a very good zone to take a short or to lighten up. We come back here. A very good zone to take a long. Now, this doesn't prevent having risk management because nothing prevents the market from not doing this and piercing through. Okay. Or even piercing through here. That's why we have risk management because we are never 100% sure. That's a fact. We are never 100% sure of what the market will do. That's why it's probabilities associated with risk management. But by having these levels, you know where you need to intervene. You don't need to intervene here. Here, it doesn't interest us. It's between two levels. No, it's at this level and at this level. And if we go back above this level, well, this resistance zone will act as support. And in that case, we will have a good chance of reaching the next target around $4,700-$4,800. Ether, in case it makes a new ATH, but this time a real break. Okay? I'm not talking about liquidity grab like we did here. I'm talking about a real breakout. Okay? Because globally, it went to grab, let's say, $30, $40 higher. At most $100. In case it makes a new ATH. We can use Fibonacci extensions again. This is where we see BTC ahead, because on this cycle, BTC has already reached the 118 and 100% extensions, which Ether has not at all. It's catching up and will reach these extensions. Objective between $7,300 and $8,800, I can see Ether pushing and reaching $10,000. I don't know in how much time. Okay, this is really if we make a new ATH for me. In fact, Ether is in a major compression phase. It's a big range where Ether is. That's a fact, it's a very big range. Okay. And if we have a resolution of this range from the top, we really have here the exit of a sideways phase that has been going on for uh for 5 years, 4-5 years. Okay, we started it in 2021, and we are almost in 2026. If we exit this sideways phase, it's very, very bullish for Ether. Now, we never anticipate the breakout of a range. Okay, that's a fact. And I was the first to tell you when we had this liquidity grab. Be careful, take some of your profits, we don't know what can happen, and we are still at a high extreme. Now, for me, Ether has a higher chance of exiting this range from the top than from the bottom. Okay, that's a fact, I find it hard to see Ether go back below $1,000. I already spoke about a price anomaly where it came back to $1,500. So yes, automatically I am bullish on Ether. Now, I remain cautious. We are still at quite high levels. But if we make a new ATH, we have the good zones here to take uh to take profits. And we take profits on the way up. We don't say "Ah well, I'm waiting for $10,000, I absolutely want to sell everything at $10,000." No. And moreover, we never place sell orders on psychological round numbers. Why? Because $10,000 will be a zone where there will be a lot of sellers. Place it slightly below, $9,990 for example. But $10,000 is too much. Okay. And moreover, it's especially that there are so many orders on psychological round numbers that you run the risk of not getting executed. So you can place an order slightly lower. Because people are lazy when they go on Binance, when they go on all that, they type their selling price, they write 2000, 3000, 9000, 8000. They don't put 8890, it's as simple as that. Take the time, and you'll see that it has happened before. Uh, I don't know if I have examples. I think Hyperliquid, it set a top at exactly $40. I don't remember where. It rings a bell. I think I have this example at this level. There you go, you see at this level, we set a top at $40. The person who placed an order at $40 might not have been executed because at $40, there were perhaps 500 orders waiting to be executed. Some were executed, but not all. And the first one to be executed is the first one to have placed an order at $40. The last one is the last one. Except that if you are the last one, well, not everyone is executed at $40. Because, as I remind you, you are a seller at $40. For you to be executed, you need a buyer. If you don't have a buyer and the price drops in the meantime, you won't be executed. Okay? So, be careful with psychological round numbers. Now, it's not a big deal because uh two weeks later, we went back to make a new uh, a new high, a new ATH, but in the meantime, we lost about -22%. So, that's a point to consider on uh on Ether or on any asset in question. Uh, there you go, on Ether, not much more to say except that we have determined the swing levels to position ourselves as a buyer or as a seller. And then in the short term, globally, uh, we need to watch here if we have pullbacks, 3-minute tunnel and 15-minute tunnel. Uh, they don't want to display, but in any case, you put these tunnels. I remind you for those who want to add the Multime Prime Vegas indicator, and you have them here, tunnel and pivot point, so you also have the pivot points in one. There you go, we are simply doing trend continuation. That's it for BTC and Ether.
Now, regarding strong altcoins, we have uh quite a few altcoins that are standing out a bit more. Uh, we don't have a big decoration with a +30%, but we have Solana, I like it. There you go, I've been talking about it for a while, I've been positioned for a while, and it remains a strong crypto since it came out of this sideways phase with this big resistance zone at $180. So, for me, Solana is a strong and interesting altcoin to position ourselves on when we have retracements. Strong crypto. BNB is also strong but with less volatility. It remains a crypto that always has lower volatility but remains in an upward trend that is interesting. We see it clearly with its H4 tunnel which always acts as support. AVA, I still like it, even if it's quite choppy, we are still at an interesting support level. We had a small retracement, coming to test the opposite extreme -30%. We are in interesting zones where it can clearly be bought. Now, this is not investment advice. I'm talking for myself when I say that. Okay. For me, I could enter a position here. Why? Because we are clearly at a support level after having had a significant retracement here. Hyperliquid, it's always interesting. We came back to test the daily tunnel. We came back to test this whole big resistance sideways zone. We remain on a very strong crypto that is coming back to test its daily tunnel for the first time. This means we have a good retracement, and I estimate that strong cryptos like this that drop -30% so quickly are cryptos that are clearly to be bought. After that, it's up to you to decide. Take the strongest cryptos, the cryptos that outperform BTC. See, when I take Solana for example, I know that Solana right now against BTC is doing quite well. Yes. Now, for a while, that wasn't the case. Okay, but now, we've set a small bottom, we're back above the daily tunnel. There you go, you see, it's interesting when I talk about BNB. BNB is the same, you see? Boom. Now, for a while, it wasn't interesting. It's a fact that when we are like this below the moving averages, below the daily tunnel, that's a fact. It's not interesting. However, when we go back above, when we have an uptrend, then it's interesting. And that's something you need to look at if you want to buy a strong crypto. What is the goal of a strong crypto? To perform better than BTC. Otherwise, it's pointless. Okay? So whether it's short, medium, or long term, it's pointless, for example, in the long term, to position yourself on an altcoin that will perform less well than BTC, unless you have staking, DeFi, or other, okay, that's a fact. Otherwise, it's pointless because by investing in an altcoin, you take a bigger risk than by positioning yourself on BTC. That's a fact. So the goal is, if you take a bigger risk, to get a better return. And in the short term, it's the same, when we want to position ourselves on altcoins, okay, we look at the strong altcoins. I won't position myself on altcoins that are below their moving averages, that are not performing, that are not doing much. So what do I look at? I first look, is this altcoin above its moving averages? Okay, above its moving averages. Is it performing better than BTC? Does it have good momentum? There you go, these are all questions I ask myself when I have these criteria met here on BNB, on Hyperliquid, on Solana, then okay, I say to myself, it's interesting to enter a position. Hyperliquid against BTC is a bit less impressive since we had this dump, but globally we remain in an uptrend. Okay? It's just that yes, in the short to medium term, there's a slight degradation. So that's the work you can do. You take the strongest altcoins. See, for example, Jupiter, you might say "Ah +7%, it's strong." Except that when I look here in the short to medium term, it's not great. We are below the 1-hour, below the 4-hour. You shouldn't just look at the daily performance, okay? You need to take the global context. Uh, there you go. In any case, it's classic, that's how it is. I've been positioning myself for a while, trading daily. I take the strong altcoins, I see if I have setups that execute, if I have retracements at support levels, and I follow these cryptos. I don't position myself on weak cryptos because I estimate that these weak cryptos can, overnight, become strong, but that's a bit like gambling because you can't anticipate it. Whereas a strong crypto, well, that's a fact. I see it. Okay, I see it on the screens. I just need to open my eyes. I see that the crypto is strong, well, I can follow it. Okay. I'm not trying to predict. I'm not predicting because I see that it's strong. However, predicting that a weak crypto will become a strong crypto, well, that's yes, that's prediction.
Now, regarding the altcoins requested for analysis, I have SKL. Uh, what do we have? You see, this is a weak crypto. I don't want to position myself on it long-term. I have no reason to position myself. Now, if I have a small bottom setup that triggers, why not take a small risk. Okay, but in any case, I start from a very simple principle. I compare, look, we'll do it very simply, we'll put charts, we'll put SKL here. We'll put, boom, we'll put Total 3. Total 3, I remind you, is the evolution of altcoins without BTC and Ether. Boom, I'll switch to weekly. We have 2024 here, it's at this level. It's when Total 3 really goes up. You see, in 2024 on Total 4, on Total 3, we did this. Boom, we did this. And since then, low, high, higher high. I can simply not rack my brain and take an evolution of about 150%. Okay. If I now take SKL in 2024, yes, boom, -60%. You have to zoom in to be more precise because the chart is so ugly. Boom, 2024, around here. Let's go, -70%. Does that make me want to position myself? No, because I'm on a weak crypto, you see, and it's likely a crypto that will never make a new ATH again. Of course, it's a crypto that can pump like this. It's possible. Except that here you're betting on chance. It's like playing at the casino. I prefer to rely on cryptos that have already proven to me that they are strong. And that's a mistake many people make. It's already some who were positioned at the time who remain in love with their crypto and can't detach themselves and end up holding this kind of crypto. Holding a crypto like this that represents, I don't know, let's say 0.5% of your capital, who cares. Okay, who cares, it's not ideal but it's okay, it's passable. You put that aside, on your toilet, it's not that which will completely change your portfolio. Okay? However, if it's 30%, then it's totally different. Now, I don't want to position myself, first of all, on this kind of
The crypto that is, uh, that is totally weak. From a technical point of view, what do we have? We are still trading below the moving averages. Certainly, we had a W-shaped reversal pattern here. We had a pump, we had a pullback, we are in a good zone. Yes, from a localization point of view, if I abstract and I only take the chart and I don't compare Scal with other cryptos, I tell myself "OK, it's a chart on its own." We are in a good localization zone and we have potentially put in a bottom. We see that we came to make a lower low here, liquidity grab, reversal pattern, it's possible. However, the level where we are at the moment absolutely must be defended. Ideally, someone who wants to put in a bigger bottom would wait for a bigger structure of this type with a break and a pullback here.
Then, I was asked for an analysis of Chainlink. So, Link, where are we? Link. I am still bullish. It's an interesting project, not the best token mix though, because not all tokens are in circulation, but it remains a project that I consider, as I said, interesting with good demand, and it's an essential project for me for the crypto ecosystem. Uh, so we have pumped well recently because there is often a correlation between Chainlink and Ether. It often happens that when Ether pumps, Chainlink follows. Uh, so, we are not in the best zone to position ourselves in my opinion, since we are at the 0.382 level. The first stop, it's too late to position ourselves. Me, if I take my example, I have several entry orders at this level, around, I don't have my exact entry price anymore, but globally around 5-6 dollars here, about 6 dollars. And, uh, then I had repositioned myself here on Chainlink. My first TP on, I don't have, I very much, well, I had exited at one point, but mainly due to market invalidation rather than validation, because I reached one of my long-term objectives, but otherwise my first big long-term objective on Chainlink is here, 0.8 of the Fibonacci. For me, that's the big resistance zone. We had one at this level, we re-entered it, but we played with it a lot. We can see that clearly. Now that we have broken this level, it would be good to aim for the 0.8 which is, as I said, a good resistance zone. Why? Not only is it a Fibonacci retracement, but especially from a price action point of view, we see here that we have a big level. If we break this level, we will have no trouble making a new ATH. And to position ourselves on Chainlink, well, I would prefer to have a retracement, to come back for example to the 16 dollars or much lower, the 11 dollars. There, we could have potential setups. But otherwise, I estimate that we are too high now.
And then crypto, we are going to do an analysis of Pump, which is always requested. Because it's, uh, I'm just going to try to get more history. So, Pump, where are we? I have to do a Pump analysis once a week. I don't remember the last one, but it's true that I feel like I do it very often. Uh, I don't know if I have even better history than this, but that's maybe, yes, perfect. So, we had this reversal pattern, we pumped well, that's why I think many asked me for an analysis because, well, the crypto, as I said, pumped very well. We have a small retracement phase. Now, ideally, I would have liked us to retrace to here to have a very good localization zone. You know I love neckline patterns of this type of reversal, of reversal structures, of, well, bottoms that have been put in on weekly. We have, yes, we have a weekly. Yes, that's what I often tell you about cryptos that are, that are young, even if I prefer to wait to have at least 1 or 2 years of chart to position myself. When we have this kind of bottom, well, it lays a foundation, it allows you to have a foundation and to tell yourself "OK, here in this zone, demand was greater than supply." And it gives you a reference point. It allows you to have an invalidation in case we go below this level. It gives you a buy signal when we break the neckline. Now, generally, I like to have a pullback from this neckline. It hasn't happened yet. Maybe it will, I don't know. For now, we are trying to put in a bottom. So, for now, we are just on a V-shaped bottom rebound, except that we are in an uptrend. So, uptrends can have V-shaped bottom rebounds. However, you cannot have a V-shaped top. When I say you cannot, it's that it's very unlikely. That is to say, you see, I'm showing you a very simple pattern, a bottom that is validated when we are then in an uptrend. An uptrend is generally like this. So it's not surprising to have V-shaped bottoms. After, if you zoom in on an intermediate timeframe, there's a good chance of having a small structure here, okay? But it's not surprising to put in a bottom in this way, a V-shaped bottom. However, when we reverse, we often retest the VPO. Here, we have a VPO, we are retesting it to transform this into an M-top or a bigger, bigger distribution phase. Now, what we need to watch out for is if we come to our short reload zone. We absolutely must not have a rejection because typically sellers who put in a top here will want to put in a top in our short reload zone at this level. And there, we would need to be very careful because if we do that, we will have a big reversal structure. So, we'll see if we get continuation W's or an M-top. But the chart is pretty good. I would rather look for longs on this type of chart, but I would wait for retracements to come and test the moving averages, or on the medium term, long term, to come and test our neckline at this level. I'll leave you with that. Don't hesitate, as I said, to join the Discord for those who want to by clicking on the first link in the description. I wish you a very good evening and I'll see you tomorrow for a new video.