hey it's Clay at clay. com this my top 10 stocks as we head into Wednesday January 22nd this will be a techical analysis breakdown so if you were someone that uses charts within your trading or maybe you're just interested learning more about charts and how they can be used as a tool to help make good decisions as a Trader this would be a video for you and also if you trade Bitcoin I would do a bonus analysis at the end first off a couple clarifications number one the Candlestick that you see right there will still be moving around and changing that's because the market still open for a small amount of time but I like do these videos when the market is still open because sometimes we can capture some really interesting late day price movement and second I'll be using the 30 minute time frame meaning each one of these candlesticks here represents 30 minutes worth of time so stock number one ticker symol R GTI very nice mover today and now we have some very well- defined levels moving forward real quick Dynamic for those of you that watch a video from last week talked about that area as a resistance and you can see opening 30 minutes here price came up here broke through it and then that really opened up the gates of momentum until the price got up to our first key level to watch now moving forward that pink line there which on my chart denotes the very well-known the very famous 200 period moving average and you can see that that is just right where the price is currently struggling right below now to be fair the price is knocking on the door as I speak right now so uh you know a breakout is still not guaranteed but certainly more than plausible so keep an eye on that Dynamic moving forward and then let me just get rid of those lines on there in the event the price does break through that pink line next key area of resistance to watch would then be up here right around the $16. 70 mark so that's not to say that if the price breaks through there it's going to shoot straight up there my point is just looking back at the history of the chart you can see that there's quite a bit of opening right here so there's some room for the price to run and build some momentum so definitely keep a close eye on that but again with any sort of break of that pink line there at 1360 next ke area of resistance up there around 1675 as far as levels of support are concerned preferably speaking you want to see the price continue to respect that purple line there which did a good job of there so any sort of pullback keeping on that purple line again the 50 period moving average but all in all knocking on the door of that breakout area can it get the break we'll see what happens next one here ticker symbol GCT K and overall the chart continues to put in higher highs in higher lows now there's a little bit of perspective that goes into it if you're some sort of day trader flipper scalper and you bought right there and your plan was to buy and sell within you know 3 minutes with then yes from that standpoint things are not looking so good but assuming you care about the bigger picture like I said higher highs and higher lows and that's what it's all about and in my mind I think this is an area here that a lot of people are now going to be watching moving forward that TR line right there let me change that to Green for support and that's going to be an area where when a lot of people are watching the same levels and wondering the same thing call a self filling prophecy call whatever you want it can produce some nice predictable movement so that's to say that no guarantees but if the price were to come down there is it logical to think that the price could bounce off that area of course it is I mean it's already happened a few times before again does not mean that's for sure going to happen again but it just goes back to that question of is it at least a valid logical thought to have so absolutely and then just from an overall health perspective hey clay are the Bulls still healthy is this still a healthy move well the question becomes is the price still above that green line there and as long as it is then yeah you still got to give the advantage to the Bulls in terms of areas of resistance key level to watch now moving forward going be right here around the 14 Cent Mark if you go back through the history of things you can see generally speaking this was a problem area and then once again rejected the price right there so any sort of curl back upwards that'll be the main question mark can the price break through 14 we'll see what happens but overall higher highs and higher lows that's what you want to see next one useg and again one of these that it's all about perspective so pretty tricky to talk about from my point of view from a presentation standpoint cuz yeah those you day trader scalpers that bought right there and wanting to sell within 10 minutes not looking good at all for you as there has been this big pull back here so yeah there's no doubt about it the price has been pulling back you can't deny that at all with all that being said if you care about the bigger pitcher well part of that is acknowledging the fact sure yeah Clay fair enough the price has pulled back but because I care about the bigger picture what was happening before this pullback and those people would say well the price was here then it exploded all the way up here which is now allowed a bull flag pattern to be drawn so for some people they're looking at a bull flag pattern again if you're some sort of day trader scalper and you bought right there yeah you don't care about this bull flag but like I said from a presentation standpoint there's multiple angles to look at it but also if you're just somebody that likes to play bu flags and maybe you're not even in this one yet then I'd definitely keep an eye on it so if you like this price range down below $10 you like bull Flags here you go next one djt and overall rough move on this one as it had a gap down and then the price broke down through that pink line there the 200 period moving average which opened up even more floodgates now to be fair the price has tried to recover but this is just a classic example of when areas of support are broken they tend to act as resistance so again that pink line was a support it was broken price came up here and didn't hit exactly but certainly got very close before getting rejected back down so that's just a long way of saying that the initial area of resistance to watch moving forward is going to be that pink line there 200 period moving average right now valued at let's just call it the $37 Mark so keep an eye on that but even if the price were to break through there again that's a good thing don't get me wrong but I wouldn't get overly excited about it because then you're going to have that purple line up there the 50 period moving average you know keyw being moving so as that line continu to move downwards it's going to get more and more relevant and potentially you know produce another area of resistance but one step at a time let's first just see if the price can even break above that pink line there in terms of areas of support no need to over complicate this literally just a question of where do the bleeding finally stopped today after the gap down and after that uh opening 30 minutes that was right there at about $344 so again no fancy reasoning or logic there just where did the bleeding stop and 3430 or excuse me 3440 was where the buyer stepped up enough to bounce so if the price comes down here could have bounce again yeah that's certainly a valid thought process no guarantee so risk management matters but yeah maybe you get some sort of double bottom off that area next one nvda and the nice movement continues I've talked about that pink line quite a bit on some of these other ones being a key area of resistance and here we have a classic example of that pink line there previously acting as resistance but you can see today got the break CL last example now of that resistance then turning into support and then late day today got the move up through there so very good stuff there from just a kind of an overall educational standpoint but now moving forward in terms of key levels to watch initial level to watch very closely now going to be right up there at the 14190 Mark and then in the very near term and I'm I'm definitely drawing a pretty tight small little pattern here but nonetheless it it exists so you may not care about this pattern per se depending on your strategy but you do have this little bottom area of support right there so you can see this little wedge formation that's forming So within the context of today we have this resistance we have this support we have the nice upwards move here for you golfers out there trying to make a little bit more visual put the golle down here this would be a bull pennant pattern now just cuz it's a bullish pattern doesn't mean for sure guaranteed it's going to go upwards but yeah certainly a nice little pattern where I don't think it would catch anybody off guard or shock anybody if the price did decide to come up here break through there and then that break created that much more buying pressure so if you like bull pennet you like very well-known stocks such as Nvidia keep an eye on it real quick want to take a break and personally invite you to get signed up for this free live online webinar that I'm offering later on in the week so if you've been enjoying what you've seen and you want to learn more about this tool how it can and should be used to build consistency and manage risk then definitely get signed up for the free live class if you're watching on YouTube there's a link Down Below in the description box or if you're watching at my site there's an area right there on the web page you can use to sign up so like I said if you've been enjoying then definitely get signed up for the free webinar next one asst and here we have an interesting scenario where the price was all over the place had the Gap up had a huge move had a very nasty drop and these drops always get sketchy cuz at some point you have to start to question uhoh was this just a gap and trap was this just a pump and dump but in this situation it is starting to level out now don't get me wrong and I wish I could say trading was this easy just because the price has gone sideways does not mean for sure guarantee the price has headed back up but is it at least a little bit more plausible is it a rational thought to have right now that maybe just maybe this pullback is over and maybe just maybe this thing wants to curl back upwards that's certainly a plausible thought to have so on that note the key area of support now moving forward is just going to be the bottom part of this sideways area which sit right there at we'll call the 83 Cent Mark so continue to watch 83 now if 83 cents is broken that's a a pretty scary thing because looking back here you can see there just is nothingness it's just one big open space which means the price could certainly accelerate pick up more downside pressure until the Bulls bring it down to or excuse me until the Bears bring it down to where the Bulls may be hanging out down around these moving averages which you now know pink line 200 period moving average and purple line 50 period moving average but as of now it's still going sideways it's still respecting that 83 Cent Mark so we'll see what happens and see if it can curl back upwards over the next couple of days next one here s and this will mean more to those you that have watched past videos but if you have hopefully you remember me talking about that resistance line right there and you can see actually opening 30 minutes price came up couldn't quite get through it but then right here price moved up second attempt and finally got the break of it and now as I speak not totally at uh Highs but it is continuing to have a very very nice afternoon so I'm going to go ahead and get rid of those lines as they've served their purpose for now and let's just map out where some of these next potential Battlegrounds are at there we go so the next SE overarching level that stands out to me and I think a lot of other people is going to ride up here around $1710 for a couple reasons number one it's just the high from over here almost kind of the where this after the gap down that's as high as it could go but you also have the pink line here at 200 per moving average coming into play remember that's a moving average so that line will continue to move downwards so there's a very real chance that sometime over the next couple days that pink line and this area are going to be basically valued at the same thing which still doesn't mean that the price can't break through it but I would expect it to be a pretty stubborn area of resistance if the price were to continue to grind upwards but anyway you look at it moving forward 1710 and then that 200 period moving average definitely going to the main areas of resistance as far as levels of support are concerned in my opinion the most straightforward way to gaug this one now is using that purple line there 50 period simple moving average again as it moves higher it's basically a tread line that's drawing itself for you so as long as the price stays above the tread line then overall that implies that price is put in higher lows and higher lows imply the Bulls you're in full health cuz nothing can go straight up pullbacks happen but as long as pullbacks are building higher lows again via staying above that purple line that implies that the overall movement is still plenty healthy but very impr impressive moving today very nice late day breakout so we'll see if this can continue to grind up around into the 17s next one qbts and we've had this tread line here um and we've been monitoring it and as of right now the price is actually above here but I'm still going to consider that an area of resistance why well if we go back to the history of things we can see that this is not the first time the price has been up above the resistance last time it was it was a fake break and down the price went but that is not to say that it's for sure going to happen again but in my mind it's a very valid question to throw out there is history going to repeat itself is this going to be a fake break down or excuse me a fake breakout of that area so like I said keep a very close eye on that red line and the goal assuming you're bullish moving forward is you want to see the price stay up above that line there cuz that would imply that as long as price is above that red line not only has a breakout occurred but the breakout is is maintaining itself so keep an eye on that Dynamic right there but I do want to offer up now a secondary area of resistance which is based on this tread line right here so let me just change up the there we go so keep an eye on that too now if the price comes up there and you know breaks up through there and stays above there at that point yeah I would say that tread line has officially been broken but until the price can at least break up through there like I said I'm sketchy on just the true health of this breakout due to the previous history of the chart but we'll see what the next couple of days reveal next one here symbol e o NR and one of these that's looking very very rough with that being said though it is at an interesting level now so for those you that like to play these pullbacks in situations where things are looking pretty ugly but then you get to play that well maybe just maybe this pullback is done well then you we have that situation here if we go back to the history of things you can see this was a former area of resistance right there so when levels of resistance are broken you ideally want to see them act as support which is exactly what happened during the opening 30 minutes and then with the pullback here you can see actually bounce off it once again fall false breakdown right there of it which actually gave a hammer candle but Point here being is the price is now hovering around that area so while that doesn't guarantee anything it does make it very valid to say you know what I think the price is going to bounce upwards now if it doesn't that's why stop losses matter but from a risk verse reward scenario you can now be looking to structure yourself a very nice uh you know situation where if you're wrong and the price continues on down very minimal risk but if you're right and it's not like you even need a massive bounce but any sort of respectable bounce you could be looking at a whole lot more reward relative to what was being risked in the first place but yes this all assumes that you can be a disciplined Trader but I mean if you can't be you shouldn't even be trading but that's a whole another video but anyways keep an eye on this if you like this price range if you like these pullbacks and you can honor and be a disciplined Trader next one here TSLA Tesla and very brutal opening 30 minutes right here I mean there was actually a slight Gap up and then just really gave back a whole lot now to be fair spent the rest of the day essentially in this upwards Channel but going back to the whole idea of yeah that's good but if you care about the bigger picture part of that is saying I mean yeah it's been going up but where was it before this upwards Channel and you'd say well the price was up there before falling all the way down here which is now giving me the ability to draw a bare flag pattern now as I mentioned earlier just because something's in a bullish pattern doesn't mean it's going to go upwards same is true here just because something's in a bearish pattern does not mean it's going to go down but would it be a mindblowing would it be just a shocking event if all of a sudden the price made one of these Maneuvers no that would just be a technical bare flag breakdown so again yes this bounce is good but also you want to be a little skeptical because at the core it's just simply created that bare flag pattern so I'll get rid of that level and we'll just keep an eye that so really that's that's the most straightforward way to to look at this one right now on Tesla is Tesla on the 30-minute time frame has a bearish uh pattern in play and again that pattern being the bare flag I will get to bitcoin here in just a moment but again for you stock Traders out there if you like what you saw here and you want to learn more about this tool how can and should be used like I said later on this week I'll be doing the class Thursday January 23rd at 8:00 p.
m. eastern time so get signed up and I hope to see you there and also if you appreciate these top 10 videos and you're looking for a super easy and free way to support the channel make sure you hit that like button and consider hitting that subscribe button so thanks for watching now let's talk some Bitcoin now one quick clarification here I am on the 4our time frame meaning each one of these candlesticks here represents 4 hours as opposed to 30 minutes and that's because Bitcoin is open 24/7 so in order for this video and Analysis to remain relevant for as long as possible by using a long time frame and then walking you through some questions that allow me to keep this relevant for as long as possible so overall Bitcoin has been doing fantastic I'm going to go ahead and get rid of that level because really I think there's a much no pun intended simpler way to gauge all this moving forward so question number one let's just say you're watching this video 20 hours after I upload it but question number one is this where is the price relative to that purple line there which you not know is a 50 period moving average as long as you're saying the price is above that area then everything is still perfectly fine because that implies that the price is still respecting it as it's done and it's still building higher lows now yeah preferably speaking you nobody wants to see the price actually come down down here but again as long as you're staying the price above that area nothing to worry about at all now maybe saying actually CL the price is down below that purple line all right next question where is the price out relative to the pink line there 200 period moving average now if somehow you're saying the price is down below there again I'm not saying bitcoin's destroyed but that would be something that's a little bit more worrisome now I'm I'd be surprised if you're answering it in that way but just in case you are you know that would not be the the best of things in terms of areas of resistance so in other words if you're saying well yeah Clay the price is still above that purple line okay well where's the price at Rel to the 109,000 mark and if you're say well actually CL the price is above 109,000 that's a very very good situation how good of a situ situation well how far above 109,000 is it because that would just be putting it at new highs essentially and assuming you're bullsh that is a good thing but yeah all in all Bitcoin looking pretty healthy and as I inv the stock Traders I want to invite you as a Bitcoin and crypto Trader to definitely get signed up for this free class because what you're learn about can and certainly should be used within the world of crypto and Bitcoin like I said get signed up it'll be later this week Thursday January 23rd at 8:00 p. m.