1 00:00:01,800 --> 00:00:08,000 Opening 2 00:00:08,100 --> 00:00:12,500 Good morning everyone! Here is Mr. Dome 3 00:00:12,600 --> 00:00:20,300 And today, as usually, we'll going through an update about Bitcoin's moves 4 00:00:20,400 --> 00:00:25,200 As you can see the price has followed what we said in the previous analysis 5 00:00:25,300 --> 00:00:30,100 The price went to eliminate the latent liquidity below this minimum 6 00:00:30,200 --> 00:00:39,400 If we take a look at our buy/sell segments zone in this week 7 00:00:39,500 --> 00:00:45,500 There is no need to change the width of these segments 8 00:00:45,600 --> 00:00:51,600 This because compared to the opening of the previous week 9 00:00:51,700 --> 00:00:56,500 The price moved $350 more or less 10 00:00:56,600 --> 00:01:07,100 In my analysis I don't change the segments width unless we see an higher movement of the price inside the week 11 00:01:07,200 --> 00:01:12,000 You should keep in mind that everything in the spikes 12 00:01:12,100 --> 00:01:16,900 Is what I called the retails move 13 00:01:17,000 --> 00:01:21,800 On the contrary what is inside the body of the candle is the istitutionals move 14 00:01:21,900 --> 00:01:26,700 So, what could happen in the next weeks? 15 00:01:26,800 --> 00:01:35,600 Well, our first attention zone is in the segment that starts at 18000$ and goes to 15000$ 16 00:01:35,700 --> 00:01:41,600 What is in your opinion the nearest liquidity zone? I'll give some seconds to think about 17 00:01:43,900 --> 00:01:56,900 The answer is that the nearest liquidity zone is the one highlighted by the relative minimum of June 18 00:01:57,000 --> 00:02:01,800 This because the price needs liquidity to makes its moves 19 00:02:01,900 --> 00:02:06,700 As you can see with the liquidity taken from these minimums 20 00:02:06,800 --> 00:02:12,600 There were latent orders as this candle testifies 21 00:02:12,700 --> 00:02:17,500 So the question is, when will we have the next big reaction? 22 00:02:17,600 --> 00:02:22,400 In this case we will have an uptrend reaction only when 23 00:02:22,500 --> 00:02:32,200 There will be a closing over the close of the last resistence candle 24 00:02:32,300 --> 00:02:37,100 Or in other terms a closing over a supply zone 25 00:02:37,200 --> 00:02:44,200 At the moment the downtrend strenght is keeped by the closing of this move 26 00:02:44,300 --> 00:02:47,500 That has led to take the liquidity here 27 00:02:47,600 --> 00:02:52,400 So until we will have a closing daily above this zone 28 00:02:52,500 --> 00:02:58,500 Over this relative closing to be precise, we'll not have a bullish reaction 29 00:02:58,600 --> 00:03:08,600 In my plan regarding my long term positions in the crypto market I'm not referring to the daily dynamics of the market 30 00:03:08,700 --> 00:03:12,000 But I consider only the weekly dinamics 31 00:03:12,100 --> 00:03:16,900 So, why we still not see an important reaction of the price? 32 00:03:17,000 --> 00:03:21,800 Because we're still having a strong bearish pressure 33 00:03:21,900 --> 00:03:27,600 Of course, someone could say that the bearish pressure is crystal clear on the chart 34 00:03:27,700 --> 00:03:32,500 But the istitutionals in order to take position in the market, 35 00:03:32,600 --> 00:03:39,400 Beyond the report I won't show you because there are no difference compared to the last week, 36 00:03:39,500 --> 00:03:47,400 As long as the weekly close will be under this zone 37 00:03:47,500 --> 00:03:52,300 So until it's under 21800$ 38 00:03:52,400 --> 00:04:00,200 We'll not have any bearish reaction and the bearish pressure will keep going 39 00:04:00,300 --> 00:04:05,900 So in order to see a change in the dominance between sellers and buyers 40 00:04:06,000 --> 00:04:13,400 We need a great amount of liquidity, and my attention zone where to sell my Bitcoins 41 00:04:13,500 --> 00:04:16,700 It's always the same and doesn't change 42 00:04:16,800 --> 00:04:21,600 And also this level that we're using in our videos 43 00:04:21,700 --> 00:04:28,300 It's in a momentary drawdown but it's also near to our attention's levels 44 00:04:28,400 --> 00:04:37,000 So until there is a great movement I will not buy or sell until we reach these zones 45 00:04:37,100 --> 00:04:41,900 This month of September (until now) is considered as a laterality month 46 00:04:42,000 --> 00:04:48,500 Of course, there have been some moves, but they have only served to collecting liquidity 47 00:04:48,600 --> 00:04:54,100 This move for example has collect liquidity in this gap of liquidity spot 48 00:04:54,200 --> 00:05:02,500 And also has been collected liquidity here and here because the retail traders keep using this levels as support 49 00:05:02,600 --> 00:05:09,900 From the chat of Crypto Dome I was asked what an important liquidity level could be? 50 00:05:10,000 --> 00:05:17,300 Let's take a look for a moment at the yearly chart, we might notice an important thing 51 00:05:17,400 --> 00:05:23,700 As you can see there is a liquidity gap followed this change of dominance 52 00:05:23,800 --> 00:05:27,500 This liquidity gap ends near to 14000$ 53 00:05:27,600 --> 00:05:35,600 Could his means that at 14000$ we will have a strong reaction? Not necessarily, however we have to fill the liquidity gap 54 00:05:35,700 --> 00:05:41,900 How long will it take? Days, weeks, months? No one can nows and we should not be worried 55 00:05:42,000 --> 00:05:46,800 We have only to keep in mind that to go into that zone the price has to collect more liquidity 56 00:05:46,900 --> 00:05:54,700 Because to complete a downtrend we need more bearish pressur that need pending orders 57 00:05:54,800 --> 00:05:59,600 So it's right that the price will build this pattern over times 58 00:05:59,700 --> 00:06:08,200 Indeed I only care about my monthly purchase zone that is between 15000$ and 10750$ 59 00:06:08,300 --> 00:06:12,100 Which is the zone where I have set my alerts 60 00:06:12,200 --> 00:06:18,300 So until this will not happen it's worthless to trying foresee where the price will go 61 00:06:18,400 --> 00:06:27,400 You'll only consider that a potential point of reaction is near to 14000$ more or less 62 00:06:27,500 --> 00:06:31,400 Because there are also more intermediate levels 63 00:06:31,500 --> 00:06:36,300 So what could take the price to lose other 5000$? 64 00:06:36,400 --> 00:06:42,400 For example could be an important economic news like the CPI we had last week 65 00:06:42,500 --> 00:06:49,100 That has strengthened the dollar due to the inflation 66 00:06:49,200 --> 00:06:55,100 Indeed after the dollar gained strength Bitcoin has weakened 67 00:06:55,200 --> 00:07:02,400 So, in it will probably be another important news that will move the price down 68 00:07:02,500 --> 00:07:12,100 Like a Russian-Ukraine update or another news related to the dollar in the next weeks 69 00:07:12,200 --> 00:07:20,400 But as you can see until now there weren't any relevant moves considering the Bitcoin's standard 70 00:07:20,500 --> 00:07:25,300 As I said September would be a month with volatility 71 00:07:25,400 --> 00:07:30,200 Indeed the price has gone up and now collecting liquidity 72 00:07:30,300 --> 00:07:38,300 And the range of movement of the price is close to 5000$, that is the average move that I am going to estimate 73 00:07:38,400 --> 00:07:44,600 As you can see also in these past months the range of the price move was near to 6000$ 74 00:07:44,700 --> 00:07:49,500 Indeed my segmented zones consider this average movement of 6000$ 75 00:07:49,600 --> 00:07:53,200 The price has been making these movements of max $6000 for 3 months now 76 00:07:53,300 --> 00:08:00,400 But there are less less move as this one of 15000$ 77 00:08:00,500 --> 00:08:05,300 I hope that we'll get this situation in order to buy and sell at its best 78 00:08:05,400 --> 00:08:11,500 Even if this moves don't always happen consider that this is a long term strategy 79 00:08:11,600 --> 00:08:17,600 So if you buy or sell following this logic, you'll can look at the chart the less possible 80 00:08:17,700 --> 00:08:25,400 For example all the traders that create analysis based on every little moves of the price 81 00:08:25,500 --> 00:08:33,100 They understood nothing because all the liquidity peaks are a consequence of pending orders only 82 00:08:33,200 --> 00:08:38,000 In conclusion, for this week my attentions goes to 83 00:08:38,100 --> 00:08:46,400 The elimination of these minimums that are near liquidity orders 84 00:08:46,500 --> 00:08:51,300 At the moment we don't have the strenght for a strong reaction 85 00:08:51,400 --> 00:08:55,000 Even if there is a little hint in these zones 86 00:08:55,100 --> 00:09:01,200 However when will we have a week or a close beyond the reaction point 87 00:09:01,300 --> 00:09:06,100 That in this case is the opening of this reaction point 88 00:09:06,200 --> 00:09:09,700 If we'll have more days that close below this will be invalidated 89 00:09:09,800 --> 00:09:16,000 So, in regards of Bicoin beyond traditional markets 90 00:09:16,100 --> 00:09:21,400 It's not a good idea to have an intraday operativity because it has no interest on the part of the institutions 91 00:09:21,500 --> 00:09:29,500 In this moment the attentions goes to the stock markets and also to the currency market 92 00:09:29,600 --> 00:09:34,400 In particular the EUR/USD pair that has reach the 1:1 ratio some weeks ago 93 00:09:34,500 --> 00:09:39,300 So the attentions of institutionals is here because there are greater economic interests 94 00:09:39,400 --> 00:09:46,000 As you can see due to the holiday period and macroeconomic issues 95 00:09:46,100 --> 00:09:49,800 Bitcoin has been partially poorly considered 96 00:09:49,900 --> 00:09:53,800 So even if there were some movement about 6000/7000$ 97 00:09:53,900 --> 00:10:02,300 Maybe for someone a move from 18000$ to 25000$ can seem a huge move 98 00:10:02,400 --> 00:10:07,200 But is only the average movement of Bitcoin actually 99 00:10:07,300 --> 00:10:12,100 Indeed our squares of attention are set to the edges 100 00:10:12,200 --> 00:10:20,000 In order to take advantage of the volatility in case of a buy or in case of a sell 101 00:10:20,100 --> 00:10:28,400 I know I may be repetitive in these last weeks but I don't move the markets 102 00:10:28,500 --> 00:10:33,300 I only show you what are the next liquidity levels and also the economic events 103 00:10:33,400 --> 00:10:38,200 Like the SEC or the FED events 104 00:10:38,300 --> 00:10:41,300 It cannot be done otherwise, we're waiting better times 105 00:10:41,400 --> 00:10:46,200 So in this upcoming week just keep an eye to these liquidity levels 106 00:10:46,300 --> 00:10:51,100 And due to the unchanges of our attention's segments 107 00:10:51,200 --> 00:11:01,500 Let's hope a buy in this zone following this logic in order to see how profitable is this method 108 00:11:01,600 --> 00:11:02,700 Have a nice day you all!