Good morning traders taken a look here BTC USD on the four-hour with that Merry Christmas to everybody here on the call going a little bit of extra analysis here for you today looking for a set up potentially to come from the highest yesterday
down here to 3750 potentially at the midpoint zone of the support with that touching the zone multiple times here we are going to need to hold this level if we cannot hold this level and we get some cell pressure to come through I do expect more than likely probability-wise 35 60 35 42 come into play with that so break of the zone here break of support to come down to test the weekly support take a look at the weekly chart with that major overlap in the zone here as you
guys can see multiple wicks touching over into this region here candles overlapping with that major weekly level in play potentially going to watch a chart here with that major pullback coming into play we watch the stock market yesterday letting already know in advance about am about a week week and a half or so major decline in price with the stocks letting you guys know on the holidays they they tend to manipulate price either leading up to a holiday the day before or on that day letting you guys know that in advance in our market health updates with that going to look at price here like I said this could be a good risk to reward area with a small stop-loss for me I'm going to be patient and vigilant understanding that the move that took us to the high the range high here to the range low here is going to be sitting roughly at the 50 level so this is the half point of this move from the high to the low so with that can watch here multiple touches in the zone if this zone fails like I said more than likely probability Y is 35 60 35 40 in play with that weekly chart we ran the stop-loss into this region here looking at 4050 as potentially the high coming up just a little bit above that with that major zone right here to the left stop losses where would you place your stop-loss right behind the weekly candle here which was also a daily level in place so taking a look at their they trapped everybody going high do you guys see these wicks going to this going to the sky people taking profit stop losses and people selling it in entering shorts on the board so have to watch it here so far weekly is nothing is very calm create with the weekly but with the daily I will be watching if we can hold this level and close above it there is a possibility that this may be the low and not so much 3540 I have to be very protective in any case if you're taking a trade here we want to make sure that we are using appropriate stop losses you know even with this zone here maybe a twenty dollar stop loss behind the wick and then potentially a max upside target for about thirty eight ninety five thirty nine hundred still a very good risk to reward opportunity with that that's what we look for in the channel we're not looking to risk a lot on these trades we have to be vigilant at the end of the day if we have very high risk reward trades we can risk very small to gain very big with that one percent risk five percent reward risk ten dollars to make 50 with that you have to be very inaccurate in the market to take trades you know to not go into your favour with that you have that roughly be wrong about six times in a row with small risk that's the way to go inside this market extremely volatile understanding if you catch that bottom there's a lot of Vol to to come into place so with that showing you guys here in advance roughly about a week or so that scenario before it happened here inverted head and shoulders this is what the retail traders will be looking at and a couple days ago letting you guys know the Mickey Mouse chart left shoulder neckline potentially right shoulder being developed as of right now with that so that's what Rita will be looking for you guys know inverted head and shoulders as a chart pattern but what that really is simplest simply is a retest on the higher time frames in this case and that's why they're so probable right retest we sit here and we hold very small stop-loss with a very high risk to reward potentially in play have to be careful though watching the weekly understanding we are in a downtrend we just had a major move a lot of capitalisation on the alts in the channel and with that soon as we made our gains we got out we do not simply just keep trying to buy the top on the alts with that so major moves on Bitcoin cash up almost over 200% aetherium up about sixty to eighty percent take coin thirty five percent or so with that from the low so when the lows are kept there's a recovery bounce to me showing you guys the market maker cycle where they hold people with the low first push the high second push light third push the I fourth hear failure to break the high and close above with that potentially to test new lows down to 3540 3560 will that level hold we will have to see from me that's a dece nt pullback to take a tan attempt into the market with that so we'll be looking at that here this level is not a bad level as well this level is not about a level as well if you have a small stop in place and a very high reward that is a real trade worth taking but just understand to keep your stop losses in play if you're looking to play that day trade so I want to provide you guys value here across trading view here across YouTube we are giving you guys a Christmas special here at incline to our daily market health updates we do this every single day of the week with that and we call alts as well we cover Forex and we're covering the stock market as well because there's a big opportunity with that you know yesterday being one of the biggest declines in the last six to ten years with that looking for that opportunity and now we're looking for a retracement on the stocks that potentially take a very very massive short opportunity to make some money basically Bitcoin at the top it's in layman terms so with that just wanted to get you guys out a quick video of Christmas Day we don't miss days we don't care if it's Christmas we don't care if it's New Year's Eve or New Year's Day we're here to protect your capital here to make you money in addition to that being protective is the name of the game right having good risk management in place is a must as a trader if you do not have risk management in place it's very statistically improbable to be successful in this market any market rather whether or not it is trading or it is finance you have to be able to manage risk at all times to be successful to have a statistical outcome to be consistently profitable to be consistent you have to manage your risk if you do not do that it is very hard you know to take trades we do provide a lot of Education in the channel as well we will provide that on YouTube for you guys like I said free value get in the discord get in you know it's basically free inside you guys can go ahead and chat with us we're always here to answer questions it's a provide value for you with that I hope you guys have a wonderful day and once again have a great Christmas I'll see you guys tomorrow in the channel with that disc or link at the bottom make sure to LIKE and subscribe take care