Weekly Q&A: What's Next For Bitcoin, Best 2 Indicators & Defining Highs & Lows

It's time for another weekly Q&A session as we get this one underway if you're new here or if you're wondering what this is It's a similar setup to the weekly live streams except instead of live it's pre-recorded and we'll be Fielding questions from of course the YouTube members community and then also Discord as well so you can participate 100% freely um if you follow the link in the description below to the Discord and If you want priority of course then just join the YouTube members all right sweet um so I I've been requested a lot

uh to do like just a very very very very quick bit coin analysis kind of preceding these videos so I suppose we'll just go over some very shortterm um menial things and leave the big ones for tomorrow but I'm still looking at this overall model right here where we have seen a very very similar sort of um I guess expansion phase followed by Contraction phase for price over the past uh about a month and a half now so um since mid November we have seen Bitcoin enter into these week long or 7 to 8 day

long upside moves from low to high typically about 15% we've seen this once twice and Thrice and then those upside moves are followed by about a 10% is correction um over the course of four to 5 days like you see four days right here 5 days right here and then we did see of course this next correction Happen on time however this correction coming down a little bit lower than the prior ones at 15% from high to low thus far also shorter as well this one has been 3 days rather than the the other uh

other two being 4 days and 5 days so a bit of a chain of behavior right there and I would say that overall my my fear here for Bitcoin or it's not necessarily like a fear but for Bitcoin but um I mean because analys just analysis [ __ ] neutral at the end of the day uh But but but the main thing is that you know Bitcoin very likely to bounce this week um I do think we're going to you know or we probably have already begun these green phases over here but this bounce does

have the potential to confirm a reversal because we do have a new daily lower low compared to what we did see back and over here which was at the at the December 10th low right here so you know with Bitcoin coming lower than that region that does that does Have the potential to actually put in a reversal we have a lower low but we do not have a lower high just yet where would I expect a lower high well um you drawing an inverted FIB right here let me just uh see where the major areas

are I mean pretty obvious area right here between I mean essentially anywhere between 100,000 to 105,000 you be questionable but especially this area here between 100 and 102 um cuz you know that would be a great place for a lower High if things really are going to come down if that happens if you do see a rejection on a bounce this upcoming week not saying it's going to happen on Monday but you know sometime during this next week uh and you see a major rejection right there that's going to be a good indication at least

for myself uh that Bitcoin very likely does come down to 85 to 88,000 Bucks I do think that that that that would still be a loan I don't think that the bull Mark's over But you know that's what I'd be looking at all right uh sweet oh also before we get into the Q&A I should let you know a very soft introduction to the sale going on because it's it's Christmas week or it's holiday week I mean now it's Christmas week it's all good man uh we can celebrate all holidays here we have Hanukkah K

Quanza and Christmas as well and then don't the do the Muslims have something well I guess not not around now but we'll do Ramadan day as well I Don't actually know when that is I don't know where any of these are to be honest so for Christmas that's the only one that doesn't seem to change its date anyways but the code is Elsa El LSA in all capitals because it's also going to be Elsa's birthday relatively soon here the Quant Prime will award you 25% off on the lifetime of your subscription so if you want

to create uh create Tes and automate your trades um then that would be the one to check out of course all The other programs are going to be 20% off with that same code Elsa in all capitals all right now let's get to the actual Q&A we'll start off here of course with the members on YouTube I need to take care of time okay we're good there probably need to take on my pants soon too CU it's already hot in here but uh we do have we have a lot of familiar faces actually or sorry

this is the wrong one let me go to the most recent week um there we go or is that December 14th or yes it is oh okay my bad all right we have Martin Sean hunt he's first and he is uh asking could you talk a little bit about confirming local highs and lows more specifically in the context of confirming divergences how do you identify key levels that need to be closed above or below in order to confirm the hot I mean I I get where this question is going um I think it's best done

with an example let me just pull up a fresh chart so this is the one Thing that I do on this channel that I think is not fully 100% objectively defined because it's very difficult to to code in like what a higher low will be there's always going to be you know some Nuance interpretation um of you know how to define a higher low different people do it different ways as well but the way that I do it is I'm looking for a clear and obvious stop and reverse point and until you know in until

some sort of a consolidation is Resolved on one side we don't really have a confirmation of like a local high or local low so for example here on the daily you do see this high right here it's very obvious in hindsight of course but you wouldn't really know that that's a high unless if you go down to like the 4H hour time frame you start to see oh okay this thing actually starts to really break down below about the whatever this low was right here about 103 800 therefore if the daily close Below there you

know essentially the low of uh of December 16th then we have a confirmed local high and thus divergences can be compared with each other because now we can compare like to like in terms of what momentum also there like the RSI we're doing you can see in this case the RSI right here was significantly lower than you know all of the last major tops which were uh in the low 90s so ultimately that would confirm your Divergence and same thing for for The bottom side as well typically highs and lows come in I like literally

need to take all my pants right now cuz it's really [ __ ] hot in here I don't know why but I guess fins are just really good at insulating their houses um but uh but typically highs and lows come with with 3 to 7 periods on whatever time frame you're looking at so in this case you know you have 1 2 3 there's three right there and what's up our new friend Antonio Antonio by the way if you find this content uh interesting please consider like and subscribing um but uh but yeah um over

here this one taking 1 2 3 4 and really confirmed on the fifth over here where it comes below that low um so again it does take a bit of a Nuance interpretation it does take a little bit of um I guess you know a little bit of experience um of course you can go down to a line chart as well I think that makes things a lot more easy you know It's easy to kind of uh identify the big stop and reverse points here especially on higher term time frames um you know we have

a low we have a high we have a low we have a high we have a low we have a high we have a low we have a high you get the idea um so when and out put it to a line chart it should be obvious if it's not obvious it's probably not a higher low that's that's that's kind of the main gist that I'd have on that all right um oh and then also asking about Whiff on The Daily okay uh let's see let's look at whiff you love these shitcoins don't you I

think the time for shitcoins is over for at least for a while um the lar lines here are I I still think this is exactly what's going to happen I don't know when I did this chart last probably the last time you asked about it maybe like a couple weeks ago um but uh it seems to me like the L Lins are playing out perfectly so I don't really have anything to add here I Do think probably in a bouncy territory here bounce can bring you up you know alongside Bitcoin bouncing somewhere around 100 you

know this thing could bounce easily to probably not more than three bucks but maybe somewhere a little bit below three bucks and then you know I'd be looking for it to come back down again and at best do something like this I mean this would be the bullish look obviously if Bitcoin breaks down significantly this thing is going to Break down as well and I would really um not out overrule no uh out rule the the likelihood that this thing after a bounce you know probably does bounce this week um returning somewhere back down around

these lows that you saw from August of this year you know wouldn't be surprised to see this thing trading around one and a half bucks still that that should be a bouncy region but yeah anyways okay cool we have arms private I think hi sir how are you doing I'm doing All right man how are you doing thank you for asking do you expect allcoins to Rally after Bitcoin peaks in two to 3 weeks and Bitcoin to go sideways for that period Well we're making a massive assumption here yes I do think that that's probably

uh what happens with Bitcoin and I do think that that probably will lead to altcoins doing all right versus Bitcoin you know I I I absolutely hate this chart but uh just for Simplicity sake and you could you You you know you could look at any altcoin um for that matter as well but I'm still looking at Bitcoin Dominus is likely putting in a high within this region um you know my conditions for this one not confirming a high and actually being bullish I I suppose again would be it just needs a trade above Friday's

High um but until then this this to me looks like it's it's in it's in some toppy Behavior we already see potential for hidden bearish Divergence Between this High over here and these set of highs over here so uh and keep in mind that Bitcoin dominance was at 61 uh 38 at that point so you know a lot of diverg is building within this case I do think that this probably puts in a local high right here and it probably does come down at least retest these lows something like that maybe make new lows if

it does you know that probably bodess well for I don't think all altcoins actually I still and I think that this Past week of price action is it's confirming everything that I've said and uh and and it's becoming painfully obvious now and I think to a lot of people out there as well that the AL like people looking for Al alt season you know that's it's it's not going to happen in the way that a lot of people think it is in like 2017 because people typically have like a like a like a like a

mental like sticking point on 2017 and a little bit uh lesser to 2021 but um You know that was a time when all ALS just went to the literal [ __ ] Moon and Beyond and that was an insane time totally insane um I think that some alts the strong alts will be going to the Moon they will be going on moon missions um but they should be very very obvious because even yesterday during bitcoin's short-term attempt out of Bounce we did see Bitcoin or sorry we did see a lot of altcoins strong altcoins make

new alltime highs like make new all-time Highs if that's your shitcoin that's a good sign or retesting PR alltime highs if that's your shitcoin that's a good sign um that is probably going to be a big winner the other ones yes they're going to get bounces but they're not going to get tremendous tremendously massive bounces I know that this for whatever reason seems to really piss people off when I say that but again I think that it's I think it's quite obvious and I think uh people who are Not lobotomized or be held into their

favorite shitcoins um are starting to agree now as well if they haven't already anyways uh Jamal Jamal Jamal Amin says Key Cat usdt on The Daily weekly um let's check it out okay Key Cat keyboard cat um I should have known uh okay I mean at least it I mean at least it made new highs above the May highs so that's so there's that um let let me see What time from you're looking at by the way uh daily and week okay yeah daily and weekly all right uh weekly not much of a weekly here

to really be looking at Daily you know like Bitcoin I do think you're getting ready for a bounce relatively soon does it maybe try to retest Friday's low before that bounce I don't know um but you know just like Bitcoin I do think it's going to bounce relatively I mean relatively decently right here I mean like that is a pretty Big move if it gets all the way up there but that's still a lower high so it have to be kind of on you know fullon reversal uh watch in fact this one's actually already confirmed

reversal you have high low lower high and already came back down below that press low so that must be a lower low so you know on this bounce have to be looking for a lower High um and if it does confirm a lower high then you know the next breakdown Target is going to be closer To like 2 t0 of a cent I suppose so yeah all right let's get on to the Discord now um yeah we'll start off over here it looks like we have a lot of people today but we'll see how many

we get through we're already 13 minutes into this video so uh at least record 45 minutes maybe go a little bit longer by the way for anyone watching this um you can contribute freely to this Discord Community uh you just need to find well first you need to Join the Discord Community which is in the link in the description below and then second you need to find the K video content section and find the most recent weekly Q&A and I just post the new one for December I call it December 22 because I do that

when I post it all right um let's start over here okay Mr I want to see people's names smiy says for an automated algo position do you ever trade manually around the position okay have I ever done it yes did I regret it Typically yes mostly yes take profit with the intention to reenter and hedge look I I I know the the temptation to do this is very very strong uh because I feel it myself and I and I've given into this temptation you know many times since really employing these tools I know that you're

in the Quant Prime um over here uh which is probably where this question is coming from but um um but uh and I've been doing it for I think like three or four years now and For the first year to year and a half like I had this [ __ ] disease where where I would feel so strongly about a position that I'd be like yeah i' I'd feel like okay I need to I need to take profit right now because there's no way that this thing goes higher or you know I need to close

position right now because there's no way this trade is going to be a winner and what I found was over time is that while I was right a few times which obviously promoted That uh that behavior um I was wrong way more than I was right and ultimately it ended up costing me money you know if you if you look at like the net benefit for both so I suggest not to because again when you're using the Quant Prime and you are setting up strategies those strategy statistics are are only relevant for you if you

play that strategy out exactly exactly as it was cuz that's exactly how the testing is whenever you make a change to to that You're no longer trading the same strategy therefore you cannot trust those same statistics so yeah man um I will take a sip of this water crypto wck Rd says sir Crown can you please review pal AI on weekly all right uh okay pal AI is that a is it a thing it's not showing up so far but let me make sure that I she typed it in properly uh it's not looking good

sir I'm not going to be looking at it if it's not on Train VI sir so unfortunately that one uh cannot be done this week sir um Mr rops says GM Elsa and Crown good morning to you as well sir if you could only trade on two technical indicators what would they be uh BB WP and moving averages yeah simple stuff um now if I could include paid indicators it would be the hpdr and probably not bwp because that will cover that aspect in in kind of like a in a secondary way so I guess

I'd probably Want to be looking at probably the HPD honestly gives you directional volatility so uh so yeah um so you free versions and then paid versions of course as well um all right uh myth reindeer says how's the day going it's it's very dark here very dark and cold and rainy actually um but it's good for Christmas you know anyways I remember you were uh you saying that when the strategy p&l curve starts to make lower lows it's probably a good time to change Something in it is there a good way to spot um

a good before but failing strategy now as lower lows phase might be when you already lost a good chunk of your uh profits yeah great question so uh there is ways to do this it's not going to be super perfect but um I want to give you an example um okay let's just pulled up this this strategy right here um let me just I I need I need like numbers to get an example so this is just going to be Like straight up like just random stats from a random from from a random strategy um

and yeah here we go okay so you can see that this strategy on the Topline Statistics over the past I think this been tested last couple years I'm not running a deep test right now uh just going to take too much time and I just want an example here but um yeah for the past couple years um we can see that the profit factor is one spot 38 we can see the per the percent profitable Is 60 uh about 60% these two numbers I draw a lot from so what I will do or what I

what I'm like also keeping track of as I'm running a strategy is okay one and most importantly is that percent profitable still accurate and what's the best way to do that well obviously we need a sample size so sample size you know it can't be too small that's kind of the problem with it so naturally will take time but ID say this should be like an ongoing thing every depend depending Upon your time frames and what's more relevant maybe like 10 to 20 um uh trades you know you should really be looking at that number

and seeing okay is that matching up decently well it's not going to be perfect but if you start to see massive differences there that's that that could be an early indication second The Profit factor I want to be well it's it's less so The Profit factor it's actually more so over here in the performance summary where we look at the Average uh winning trade and average losing trade like I want to see those numbers be very consistent over time um of course if you're in the Quant Prime which I believe that you are or you

probably are um what you can do is you can uh is is you can export I I've actually posted a video on this you can export this data here you can put it into an Excel spreadsheet um and I go over exactly how to do this and everything it's it's very veryy to do by The way um and then you can pull up you know more enhanced statistics uh not just getting your average winning trade and average losing trade but also the median for that as well and you can get a very good idea of

kind of you know what a per trade you know should be should be looking like um and so when you get start to get like ma major outliers there like let's say you know your winning trades over the last 10 trades are no longer produ uh you know Returning one spot 8 9% but they're returning like 1% okay that's a massive [ __ ] difference um or or if you're losing trades start to go from you know 2% to 3% okay massive [ __ ] difference um and uh and it's time to consider you know

maybe something else is going on um so yeah all right back on to it over here let's see what else we got we have btsm he says Hey Crown thank you for daily content all all good man thank you um abundantly entertaining that's great It's great to hear him man thank you for the feedback um could you please take a look at this highly esteemed piece of sh technology glq well let's see is it on trading view it's the real question GL oops glq is that it yes it is graph link I feel like they're

just combining shitcoin names now they've run out of uh good ones um yeah same thing as as what I think a lot of these all coins are going to do you know you hit your range highs you hit Your weekly range highs right somewhere around I mean this one's actually even higher uh so it even rejected a little bit lower than there which is not a good sign um but you know short term this week there should be a bounce this week maybe it gets back up to like 80 cents I don't know something like

that but I do think that this one again comes down um probably closer to your August lows you know August September lows probably Doesn't make a new low if it does make a new low okay big big big big big big big problems and this thing's going to [ __ ] fall apart uh to like two cents but you know I I do think that kind of the bullish view for a lot of these shitcoins is going to be short-term bounce come back down over the next month and then kind of work its way sideways

and up from there that'd be the bullish view so just you know while while I do think it will eventually come You know a little bit further down than its current low um I wouldn't want to see new lows below especially your August lows that would be very very concerning for the long term I mean it's not concerning it's just it's [ __ ] wrecked at that point there's no bullish view there's no bullish opum at that point anyways and happy and merry Christmas to you as well sir yes your coins are [ __ ]

Merry Christmas um texus uh Sig Ep13 [ __ ] oh yeah oh it's a it's a [ __ ] frat actually lived right across street from cab or I think it was Sig no I I forget the names I totally forget the names I was like big into into this in college as well but uh now I I [ __ ] remember um anyways uh ol round correct thanks last week's request was in fact for moonwell Co thank you for following up on that would you share your thoughts um on the chart for clearpool on

The Daily and weekly all right clear pool daily and weekly okay Cesspool uh clear pool maybe I type it in properly oops okay didn't like that for whatever reason um okay uh interesting here it's had pretty [ __ ] nice Pop um but like most shitcoins from 2021 nowhere even moderately close to the par time high I need to go to log scale here to get a better view but actually um in a much better position see this would be an example of a better One uh much better position than the last few shitcoins that

we've looked at actually um I say that because well one it's not already back down around the summer lows you know for one that's that's that's a that's a big win in my book um and it is using this prior High here from April uh April May or sorry March April region um kind of based off of thus far so perhaps it even does try for a higher low there but I would say there are I I'd say there's a good Reason to believe that this thing does go lower you do have obviously a significantly

lower high in weekly RSI like weekly is a big time frame for this thing and while this has technically actually not confirmed a local high here on the weekly just yet we need to see this one at minimum come back down below last week's low of 36 and close below there um um you know you can't really say that that Divergence is confirmed just yet but if and when that does Happen you're going to see this thing come down to like a quarter um maybe even 20 cents something like that uh that should be good

place for the attempt at a higher low but uh yeah the the higher term time frames that I look at here the better it looks to me uh to be honest I would actually Express um uh i' would Express skepticism that it actually does confirm a local high right here um looking at the monthly I mean it's that doesn't really seem to be the Case but you know when all the other shitcoins look a certain way and when Bitcoin looks a certain way is this thing going to do something different possible yes probable no but

shortterm should try for a bounce here um how would you know that it's it's like everything's all good uh anywhere above Thursday's High especially on a daily closing basis that starts to look pretty [ __ ] good um but yeah an example of a stronger shitcoin uh thus far and you Know assuming that it does base off here and does not confirm a local high I'd be looking for this thing to make a move I don't know how long it takes but somewhere in like 75 to 80 cents which is [ __ ] big for

this thing that trades at 43 cents right now anyways um some more water would be good okay we have tuturu tuturu hello good day sir link long-term price action finally busting through after $28 Target um I believe we did Have a $28 Target for this thing or $30 Target or something yeah $28 Target was certainly hit um very similar to the last chart actually in danger of confirming a local high which th which would thus confirm regular bearish Divergence and probably imply this thing comes back down to like 15 16 bucks um but would need

to come below yesterday or not yesterday's but last week's low and close below there until Then you know it is going to try to base off of 19 and a half it does look like uh but I wouldn't say that this one is quote unquote safe until you're back above about 282 bucks at that point yeah I guess you get bullish again and look for a move towards 40 something like that but um you know for right now this this really does look like for at least a good a a good place for consolidation I

mean you're seeing weekly bbwpor bearish Divergence right there I Mean these these things you know I I I am inclined to say this thing will try to the down side move and probably will at some point trade into the upper teens but you know does that provide the impetus for another higher low I think you kind have to run with that Intel proven otherwise you know monthly is not terrible here either could spend most of this uh you know or it spend the rest of this month Consulting plus most of January and Still uh and

and still have a nice upside move but here's another obvious one as well if you see the monthly close if you see the monthly closure uh anywhere below 20 bucks I mean that's yeah down rejection for a long time but uh I'd give it a chance here again an example of not as strong as the other one but a little bit on the stronger side compared to um compared to a lot of the other [ __ ] that we've seen today okay um let's see dom dom dochan Dom Chan or do Cham I just want

to say that you're awesome man uh learned so much from you from 2020 thanks appreciate that man that's very very kind message uh thank you thank you sir uh I am blushing I very um embarrassed or I'm not embarrassed but it's very nice thank you ma'am uh Sunburst says hello sir Mr Crown sir could you please do an ftms an FTM analysis on the daily okay all right so prior cycle shitcoin let's see how this one is doing uh again An example of something a little bit better here um you can see that it's not

as good as the past two charts because this monthly is actually already read and uh below what I would consider a very critical region which was your March highs would like to see it close above there this thing is going to extend this rally towards two BL two uh two bucks um but again you know have to respect the higher lows here on the monthly time frame and I'm and I imagine The weekly as well so on this downside move should be looking for yet another higher low this one does have bearish Divergence and I

do suspect that I mean the easy Target's been hit the next Target would be 68 60 like 66 to 68 cents um so I'd want to see what happens after that but yeah I do think that this one will come we'll probably come a little bit lower first before everything else is um done and the monthly is certainly Concerning at this point um I'm actually kind of struggling with this one because I I do get signals here that this thing does want to trade higher overall so I should be looking for a higher low on

this dump see how much has it dumped thus far 40 [ __ ] per oh my God oh my [ __ ] it looks like nothing too that is crazy um yeah so you know I think I I do think that it likely does come lower probably closer to like 70 cents or so um but I Should be looking for a higher low there um higher term time frames you know again when I see a jewel signal like this I I I have to be angled towards the upside overall so this should be a correction

this is obviously a monthly time frame but you know again could correct all of this month and then and then perhaps a good portion of January before it does try another move um I can also tell you exactly where I would not want to see this one come below which Would be your November lows that would be very very concerning and tell them you know all pullbacks are higher lows uh so yeah all right um Banksy rules says Hey Crown if I use Dex tools as my primary charting guide as I said before nonactive Trader

as much as a long-term investor and I adjust the settings to show the weekly chart does this mean the same weekly closing prices you always reference to determine if there's an indication of Divergence yes um or at Least it should be I mean all of them are are all of them should should be pinpointed on at 00 UTC whatever you know time zone you're in that is equivalent to that should be your closure for daily weekly any sort of daily time frame um yeah uh also can we secure tickets for the fight in Vegas through

you um at some point you will but it's it's so far away in may now that I don't think that uh well they certainly don't have the tickets on sale Yet I mean they they they actually have another event before that one even happens so i' expect like maybe a month month maybe two months before um May so you know somewhere around like March April uh tickets will go in sale I will definitely let you know um you can get them through me you can probably get them through or you can certainly get them through

the uh the the promoter as well um yeah I I'll I'll ask to reserve a uh a a section for our community of Course um yeah I'd be happy to do that it's just uh you know as as I think as long as we have enough um prior notice it shouldn't be an issue to set up but uh of course the promoters are going to you know they're going to want like a pretty penny for that but whatever that's that's their prerogative anyways um all good man and much love from San Francisco cynic says hello

Crown can you cover a weekly monthly for Alchemist AI uh it's on trading view I guess Alchemist AI it is on trading view I am shocked um weekly and monthly is there a weekly and monthly this thing's been around for literally four weeks sir there is no weekly time frame to analyze nor is there a daily even in hourly is too low of a time frame here but whatever this thing is so far don't like it so far really don't like it I mean could it bounce here it could it could bounce all the way

up to 70 uh sorry not 70 but 7 cents and still be bearish as [ __ ] again this thing has a very very very very limited amount of History so I don't trust analysis too much on something like this um but if you put a gun in my head instead of analyze it I'd say probably tries for a bounce relatively soon that bounce is probably just yet another lower high and probably does trade low overall um yeah here's the real chart bad so this this looks like the typical topping shitcoin chart Of Peace you

know does something like this boom and then boom so yeah uh Mr ass assy barash I think [ __ ] I forgot it from last week man I apologize uh you still see this cycle similar to the 2017 cycle since Bitcoin and ethereum now have institutional investors buying and holding so their price action is a bit more stable still way more volatile than stocks but alts still have the crazy 20 to 60% swings That we' got uh used to in different Cycles do you think the different swings that ult are having could give us an

indication where we are comparing to 2017 um maybe I I I I I honestly don't have a strong opinion on that um my strong opinion is is is on what we agree on which is Bitcoin and ethereum or Bitcoin especially seen lower volatility compared to path Cycles still very high volatility overall um newer altcoins yeah they can do crazy things and I I Guess I guess I yeah I I I I I would say yes um when you start to see all coins go parabolic to the upside and then [ __ ] diabolic to the

downside like that's a sign of the end times it is um you know when these things start when these things move like 50 60 70% you know around the highs I mean that's that typically doesn't happen unless if you're like in the end stages of of some sort of a strong Market in this case bull Market Fu Baka says good name hey Crown during the last big and prolonged stock market bear uh stock bear Market 2008 Bitcoin was not around yet do you think Bitcoin will behave differently compared to a normal uh to to a

normal Bitcoin bar Market um I'm guessing you're asking in the context of like a stock market bare market and how would you adapt your trading strategy well the TR uh trading strategies are going to switch from long to short obviously that's that would be The primary focus um always trade with the trend that is just going to be the easiest way to you know put several points of of uh of of of probability in your favor in terms of your hit rate um but if we go over here first let's verify that statement I mean

technically you're in a bare Market if price comes down 20% or more that happened in 2022 so technically there was a bare Market there what did Bitcoin do it went down as well went down more went down more percentage wise I that's really all that I have to say you know that's what I think would happen um you know for reference 2008 was here so you know this took what this was like 60% down over 530 days this over here was 27% down over 280 days so yeah that is actually an order of magnitude different

um I would just have to I Would just think that Bitcoin goes down as well but you know longterm the macro Trend probably remains intact but you know it probably come down knowing Bitcoin could come down like [ __ ] 70 80% and and then somehow remain fine at the end of the day um but yeah I don't have I don't have super well thought out opinions on that um because obviously we don't have that information but I'd have to believe like intuitively that Bitcoin's going to not it's it's not going to perform well it's

going to perform worse than whatever the major indic that you're looking at on traditional markets is going to be doing um other than that like I wouldn't say well it's going to go down exactly this amount of percent I don't [ __ ] know uh Droid says Hey Crown what do you think about Bitcoin monthly accumulation distribution indicator clearly turning down is a top already in I mean it was Turning down before the top was in already and it still continued up which is actually why I've started started to not use it as much but

yeah it it is certainly a concerning um uh thing um but it hasn't been as accurate recently so I don't you know I I don't look at it as much um Jack Sparrow says will you have fibos Swani back on the channel literally just two days ago all good man yeah all right babbert Cass says give me to Now in-depth analysis and price prediction uh okay um no we're not going to do that um anyways we'll move on to someone who's a little bit more let's give him a red dildo actually how about a red

dildo red there it is girthy red dildo um moali 31 says mea on The Daily breaking out break out from Des wedge uh thanks father sure uh mea okay is it breaking out of the daily wedge uh it's got a lot of work to do the higher term time frames um no I Would say it's actually breaking down um I think the weekly view is probably the best one on this one uh similar to bitcoin here you know probably comes probably has one more try around the lows like 18 and a half bucks probably tries

for a bounce from there you know does that bounce actually reverse this thing I don't know if I trust it um you know I think you're probably going to see something like this you know boom bounce come back down around these lows And then maybe like this if it's going to be bullish but I think it's going to take his time on um let's go to a quarterly just out of curiosity I mean the quarterly is is trying to reverse so yeah it probably go with that just I don't think it's ready just here and

you know can come down a little bit more maybe even fill this Gap at like 16 and a 12 bucks and then try for some sideways and up from there and you know it just takes its time you know Many months which does bode well for an extended cycle you know I have been saying um in the past that I think that the cycle probably ends in q1 you know end of q1 of this coming year if things correct if things spend you know the first two three months correcting I'm not going to think that

anymore I'm going to think that the cycle probably ends closer to the end of the year anyways um we'll move on now and okay we're 37 minutes into this okay tree Beard says hello sir in the TA course which is recorded back in 2018 you said that there could be a few billion doll account in Bitcoin in crypto land what is your thoughts now I don't under I don't you said that there could be a few billion like people have uh accounts that are worth a few billion yeah uh do you mean like what do

I think that it could be I mean obviously it's multiple multi-billions you know there's massive ETFs with massive players in these ETFs I don't know the exact numbers but I'd imagine uh more whatever the number is more double it triple quadruple it um yeah uh you know it's it's really it's and it's less so that it's more like big asset managers who are managing you know billions and billions and billions of dollars like they're going to allocate you know some amount uh to bitcoin it doesn't mean that they're trading all of it in Bitcoin obviously

these PE these people Have a massive portfolio um of uh of different stocks and whatnot um that they're interested in all right let's see methodol meth method method Cole that it's too hard man Mr chaos uh NDA on some Canadian shitcoin exchange um there we go I'm glad that you specified because I would have not guessed this one uh good actually one of the best charts that we've seen today uh very clearly putting in a daily high or low weekly just Working its way upwards and onwards yes I do expect this one to continue to

kind of consolidate within this range for a while you know highs around 1 and a qu lows I mean this thing could come back down to like 85 cents and still be a higher low I mean this is this is fine um so you know maybe it does try an upside move from here maybe it you know rejects again at like one and a quarter comes down here tries for the higher low and then tries to move to the up to the Upside um you know some something like that overall though I do think that

this thing is probably going to see new highs in January um especially if this month closes anywhere above 115 even actually uh that's specific to the monthly you know at that point probably do this one I mean guess just goes on a [ __ ] run at that point um I don't really have any real targets for something like this all right um let's move on we have Biff the bear hey Crown you're my favorite crypto YouTuber aside from ELO and Becker I'm in good company um my wife's boyfriend wants me to ask you my

friend wants me to ask you to check cardono 4H hour if I make 1,000 this week he he might give me permission to take her out for dinner how nice very generous of him um well let's see if I make a th000 bucks well it depends on much you start with that's how that equation really Should go um okay so cerio here you know like most things um coming off these highs pretty hard again I want to see how big of a move this has been okay like 50% move holy [ __ ] 42 and

a half% move okay wow um you know again like a lot of things I do think it's going to try for a bounce to open up this week um it still does I mean it does have a reversal in here so I should not get too bearish on this uh it does have a Reversal but the problem is is that your last higher low is all the way at like 33 cents so there's a lot of space between where it's at right now at 90 cents and 30 cents where it could find this next higher

low but the higher HS are uh not disastrous here um yeah it's it's not disastrous here uh is what I'd say quarterly also want a reversal as well if the quarterly closes any just anywhere above uh 81 cents i' would say this thing is going to be primed for q1 Of this year to try another upside move um does it make new alltime highs I don't [ __ ] know about that but uh I guess next Target if it were to break the current highs would be somewhere around like 170 to 180 um so maybe

maybe wife's boyfriend could maybe he could maybe he could take like an IOU later on um hey I heard from this guy on the internet that is probably going to go up so can I please just give you the $1,000 a little bit later I really want to go To this cool dinner place with my wife I promise we won't talk for too long and uh and we'll we'll conduct our dinner over Skype with a bad internet connection as well uh I think I think you're going to be okay okay um depends how long oh

you're on a 4 Hour okay you might be [ __ ] um clear an obvious downtrend I don't know it probably does still try for a bounce here it could easily bounce up to like 105 maybe even Like 110 but that's still another lower how say that in short-term downside is not over until it reclaims uh like 118 120 something like that all right Brad Walt says hello thanks for doing this week all good man uh I am wondering what ways you use to determine the strength of a Divergence example slope of a line between

two points or the uh no not at all uh it's well I don't know could the slope Be an intake no I don't think so it's actually the amount of divergences um it's not the slope or nothing like that it's how many are connected from the same high so let me find an example or you don't really need an example for me to tell you like when you have three drives of Divergence like you do here it actually starts on this one right here um you have you have three drives right here high high and

high that's this high this high and this High whenever you Have three drives of Divergence expect a pullback or a bounce you know if it's if it's bullish Divergence obviously in this case bearish Divergence so um you know if it's on a weekly time frame probably K that asset goodbye for a while it's typically what happens and that's exactly what happened right here uh so it's not it's not like the slope or nothing like that I haven't really found a or at least if there is I've not seen something to matter with that what I

do see matter is how many drives of Divergence so two is usually good enough to to get a pullback but not a reversal three can get a reversal typically not always you know there's going to be some edge cases there obviously but I'd say that's like a good rule of thumb uh I'd be going off of um cool all right Bitcoin Buddy says Hey Crown a little Forex sure I love uh Forex actually um I just haven't looked at a in in a while my tunies are getting Tuned CAD uh Canadian dollar versus the real

dollar all right let's see uh we'll go here okay don't know when I made this chart last it must have literally been like four or five years ago and it's bad uh yeah clear and obvious downtrend as you would expect our little brother is not doing too well um you know I do think that it's probably going to try for another balance off of this 68 Cent region right Here it it probably will try another Bounce from there um this is a monthly look by the way this is very very high term time frame stuff

but the balance has to do so much in order for this thing to reverse like I I I have to say it's more likely to put in another lower high and then come down um I mean I wouldn't even consider reversals on this asset until you're back above your May of 2021 highs um and this is actually a real Breakdown setup right here with low volatility already on the lows um I mean it did bounce off of it the last time that that that happened to be fair but I don't know how much more I

trust it but uh whoops but I'd give it a chance to bounce again here if that bounce somehow somehow some some way especially Rings above May 2021 Highs but even even above uh your July 2023 highs um then I guess there's some hopium you know hopium Above here hopium confirmed above here um until then be Waring on this next balance cuz that's I think it's a high probability of another lower high man um Merry Christmas you're going to get poor uh I'm kidding well I mean if you're holding your money in Canadian dollars well actually

you probably won't get poor because you're going to you're going to probably bounce soon here and then then you get poor so there's a little bit of a give and a go can't have Everything all at once anyways lucky says uh thank all good man um made my life a lot that's [ __ ] sweet to hear man that's super cool um thank you man uh I hope everything's going all well um if you could look at if you take a look at 9697 that's Capcom on I think this Tokyo Stock Exchange 9697 I know

that they use like just numbers for their tickers yeah there we go um what do you what time frame uh monthly okay very high term time frames here weekly uh Actually on that topic of diver we do see many drives coming off these last few highs um I do think that this one probably does have some more downside to extend at least 3285 region maybe it even Finds Its way all the way down to like 3,00 3,100 something like that um okay I look at the monthly then and actually I need to revise that uh

yeah it you know it might come down to like 3,300 but overall still have to be remain bullish on this Thing um have to you know love a general uptrend as always quarterly it does seem to me like it's getting into the end of this Mega macro epic rally that has been seen since you know 2017 essentially um you know we do have we do we do have a third Drive of Divergence that's going to be confirmed here at some point whenever this confirms the local high so I would be using this quarter's low at

3,000 actually has a big pivot point Below 3,000 big [ __ ] problems this thing uh topped for a very very very very long time until then I'd give it the benefit of the doubt um these crazy rallies can get a little bit crazier so yeah uh very interesting they're they're like a gaming company right they make uh Resident Evil don't they yeah it's a great game so nice glad to see them doing well peo says good morning sire good morning to you Mr peepo uh thank you for your consistency and all good Man please

start Andy on The Daily and fullow okay Andy uh what is this must be the new layer one no it's a it's a meme coin and it's doing meme coin things by going straight down uh do you know what's going to happen in this chart it's getting the nuke it's getting the nuke because the button has been pressed uh look there's going to be Bounces along the way maybe even tries to bounce from here but it's lower highs the whole way through this thing's never been known what an uptrend is on any meaningful time frame

I regret to inform you it's quite bad it's quite bad indeed um but yeah short term you know my my bounce here could could easily come up to like one and a half T of a scent if it wanted to even like two tens of a cent if things really get crazy but Uh don't call A reversal on an asset that has never had a reversal there's another good rule of thumb if it only goes down like this expect more of the same yes it will get bounces but those bounces very likely to be lower

highs and I'd say tentatively on this next bounce somewhere around here also a great place for another lower high in a series of lower highs on a thing that has never even known what an uptrend Is that's sad doesn't even know what an uptrend is it's like dying a virgin it's like you never knew it's going to go on its Tombstone never knew what an uptrend was wrecked for Life Prince 11 says when I first started catching your streams in 2018 I saw you using the 89 EMA along with other FIB EMAs on your analysis

today use uh you're not using the 89 so much anymore why the change or is it not as useful as a 2155 um you know when it comes to doing General analysis on YouTube I don't need as many tools and you know I was getting a lot of feedback from people that having like a a bunch of moving Aver I had had about four or five of them on screen you it was probably just getting confusing for a lot of people um and so I decided to take it off it you know the 89 does

it hold importance yes is it the most important for what I look at no I think the 2 the 21 and 55 tell you it's like the 8020 rule like the Paro principle You know if you use the 21 55 that's going to you know it's it's going to give you most the information um the direction of those two will generally give you Trend information and also strength of trend information as well the 89 a little bit less so it's more so like you know a scalable region rather than you know mattering for for Trend

I mean again I can revise I I could I could pick apart those statements of course as well but uh that's you know That's why it's just kind of lighting up on things on screen um if you notice I've actually gone to less and less indicators over the years um for that reason anyways uh the muzzle the Muzz the muz the muzzle the muzzle says Dear Sir and Sir why do you enjoy being trolled and what caused you to be this way I will never know sir also could you please take a look at yaka

USD and let me know what the advantages of buying the dip might Be let's see keep in mind that this oh God uh this was posted on the 15th of December which was about a week ago um when price was where is 15 the price was a a little bit higher than where it is right now yeah um look I'm never going to like a TR like this it's a little bit too new though so you know it theoretically could reverse at some point out of nowhere Um but I mean it's just too new for

me to do any real announc on to be honest man um I can tell you where guess i' I don't know if I'd say I'd get bullish on it but um I guess I would be not as bearish as if it could trade back above and specifically close back above about one and a half cent until then it's got some uh it's got some issues I think um I wouldn't I wouldn't denigrate the current Trend again this thing has been around during one of the most bullish Markets of all time for Bitcoin this is this

like we're in the heart of a bull market this thing has only gone down that's not a good sign um in my book that's a terrible sign in fact anyways uh Gibson says Hey Crown do you like the breakout on XMR uhoh also posted a week ago is do I like the breakout now uh so I'm guessing the breakout was over here um yeah actually I do I do uh not because I think it's going to go to the Moon from exactly here but I do think that it kind of insinuates that this current long-term

correction now I'm making this chart for the weekly um you know it's it's we're we're actually seeing some higher highs and higher lows now so it does have a chance to reverse here maybe not exactly from this current dildo but perhaps you know over the next uh over the next few months some something like this perhaps um again I'm I'm very split on on whether things come Down I I do think that most things will come back down again um alongside Bitcoin but of course if Bitcoin just you know pops up and reclaims like 105

like that's it's going to be [ __ ] bullish I guess but I just think it's less likely right now uh monthly yeah actually I mean the monthly might even follow through from here in fact um so maybe I am wrong about that um but still I I would not discount you know the potential for a deeper sideways Correction first and then trying to move to the upside but when I look at the monthly when I look at the quarterly uh yeah this is a reversal um in progress I I do think we'll trade up

from here uh on the long term um okay I think I think we got time for one more all right two more uh sha attack says what are your thoughts on funded accounts and do you do different stop-loss percentages because of the draw down allowance uh well one I don't I I don't do funded accounts um I mean when I first started trading I was trading technically a funded account cuz I was trading my mentor's account so it wasn't my money um but if you're referencing these companies like TOP Step and Apex and ftmo and

all these things there there's like a million there there a dime it doesn't really um you know I've I've read a lot of criticisms of them um and you know I I've heard issues with Like not getting payouts and [ __ ] like this and obviously very stringent rules or very you know unforgiving rules um for you know their evaluations cuz the business model there is really to get people to try to to to get a funded account and then they just [ __ ] pay for you know the privilege of taking the evaluation um

so I think that's the main business model there or at least that's what it simply that that's what it really looks like of course I do know I Do know some people who have been with some of these um funded account um uh providers and they have not had issues over many years so it really depends I think it could be a good way to get started you know get a little bit of experience and money under your belt but at the end of the day I think the goal is still the same I like

I really have a hard time figuring out why if someone has the means to trade their own money why would they trade someone else's Money instead get that there's some risk things there yeah that's I guess maybe for some people that would make sense but still I yeah I I guess it's a personal thing I wouldn't do it but uh or or at least you know the ones that you're probably referencing but um you know you could always just hit up a prop shop and try to get in there it's going to be difficult of

course like they have like real rules and like real training and [ __ ] um not uh not like these companies at all but um but uh yeah all right last one last one here okay texu says subround longtime derp Watcher jum daily in January circling spy will be doubled via air drop and moon cycle targets if circulating Supply will be doubled is that bullish or bearish more Supply if you have the same demand and more Supply what happens to price H tokenomics not very good Um anyways looking at J right here looks kind of

for the course for most of these shitcoins right two lines two lines is all that are needed uh do I think it's going to try for a short-term bounce you know probably sometime this week might even get back up towards a buck yeah um but I would not discount the ability for it to do something like this after a bounce come back down maybe closer to those lows and then if it's bullish it'll do Something like that if it's bearish obviously it'll put another lower high and then break down for eternity um but you know

looking at the monthly right here like it's I'm not going to love a [ __ ] monthly bearish engulfing dildo and if it closes below 82 cents or 83 cents that is a bearish engulfing dildo indeed um so um it's not not not not the strongest one um but shortterm you know should try a bounce here like I said could easily Bounce like north of The Buck if it once um where would I revise my opinions and get massively Ultra Mega super duper dingdong bullish I don't know I guess I guess above like 130 again

but it's got a lot of work to do there I think I think it's going sideways at best for a while um so yeah all right that's wherea we'll end things for today again a very quiet and early notification of the sale that will be starting uh actually as of now code is Elsa in all capitals for 20% off of any one of the programs or services and of course the Quant Prime service which allows you to create test and automate your trades is 25% off for the lifetime of your subscription which is the biggest

and longest discount uh that we offer so yeah and again if you want to join in in the future um oh we have a great question here from Peter Underwood if Bitcoin closes the year above 100,000 you have to become a lady boy I've Already started sir I'm already beat you to it have you seen my Manina um anyways I'll sign up on that note as always wishing everyone the best the best Merry Christmas to all and Happy Holidays or whatever [ __ ] holiday that you're celebrating I I I mind attention is that you

have a nice one all right take care much love and see you hopefully tomorrow