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See how it goes but gonna do a quick Market overview gonna clear up the air uh unfortunately kind of changing again on the macro stance because the charts are changing for those of you that keep saying oh you change your opinion every other day or whatever you know people say I change According to how charts change and charts change every day this macro view is a macro view um you know I’d like to see higher to really confirm it but there’s always a chance you could deviate right so a couple things so S P 500 we’re still above the downtrend however we have what Looks like deviation we actually push through uh 4100 or 40 080 and uh completely broke that level of support now retesting the diagonal if you’ve been a follower of mine for a while you know the diagonals I really don’t trust diagonals as much I mean yes This is a macro Trend uh but I I find less relevance with a diagonal than a horizontal so really losing this and you know when we get into the other charts you’ll see why I’m saying this but really losing the 40 000 41 000 levels or 4100 level is Pretty devastating it kind of changes my Mac review back to bearish yeah geez it sucks I woke up two nights ago and I couldn’t breathe and uh I’ve never I don’t really get scared uh at anything but wow I woke up and it Felt like I had a a boulder on top of my chest I could hardly hardly breathe I had to go to the hospital and uh they gave me an inhaler so that works and they checked my lungs and they said they’re clear but I still think I’m getting pneumonia it keeps getting worse Every day so we’ll see how it goes you got out of the hospital yeah what’s up with everybody getting pneumonia like I know I know so many people that have gotten it uh over the last couple months and I’ve never it’s you know people get pneumonia right it’s a long bacterial Infection in your lungs it happens but what’s up with everyone getting it as of recent like every year I hear like one or two people getting it I know 50 to 100 people that have got ammonia very very recently so I have the brown lung oh no mine’s Still clear I don’t have the so that’s the thing is like I I think I have it I don’t know I don’t have like the nasty it dude I can feel it’s thick mucus right it’s really really thin you can hear me it’s very thick um but it’s not it doesn’t look infected Keep drinking warm water uh look into that I’ll look into that but yeah guys SPX not looking good braking support really kind of changing that mac review along with the dxy um dxy although retesting upward Trend I don’t know how valid we’re on the daily we need to be On the weekly my apologies we’re kind of in a place and I don’t know why this got changed again but we’re in a place where the dxy is breaking that Trend right last week we kind of we were on the fence this week where we’ve broken back Into our uptrend uh no matter where you draw this uptrend line from we are back above we’re back above horizontal uh resistance we saw some possible balance here honestly a little bit of a bounce a little bit of struggle last week and uh now you’re seeing that uh that resistance turned back into Support so again another reason to be macro bearish another reason why I’m flipping back to backro bearish I hate flip-flopping I’ve done it a bunch over the last not a bunch but I’ve uh after every week for the last three weeks I’ve kind of changed stance and that’s Entirely based on that macro Trend we actually deviated below it right uh both SPX and the XY deviated above deviated below looked really good to possibly continue upwards but now we definitely have ta that fits the narrative we’re still in recession we’re still very bearish now um I’d like to I’d like to know if maybe this diagonal is supposed to be here right again I don’t like diagonal lines I don’t like trading them I don’t like using them for Confluence I don’t like them at all so it’s really for me breaking uh you know this horizontal Resistance it’s been resistance in the past uh breaking below it getting back above this would be deviation and then we continue that uptrend on the dxy uh for me yes I am back to macro bearish after seeing SPX and dxy both Flip or really reverse their or have like Deviated fake outs uh obviously dxy to the downside SPX to the upside you didn’t realize you had it until you started coughing up blood yikes hopefully that doesn’t happen to me that’d be crazy dollar is strong very very strong it’s like a total uh crypto total still looks decent now granted our Macro is clearly macro bearish I do want to reiterate here guys even if we are starting a new bull market you’re gonna have sideways for a very long time this notion of up only or we’re gonna go to 50K next week or whatever uh is one ridiculous in itself and two just Unrealistic right it’s we need a period of accumulation uh usually these big moves especially when we go up 80 percent in a very short period of time you usually need time to cool down I mean total went up 50 I believe Bitcoin went up almost 80 percent from 16.5 60 excuse me I’m sick so cut me a break on the math but still huge pumps I mean you’re you’re looking at more than likely either we’re close to the bottom or we’re at that level of sideways accumulation before we head back to the upside but for now total uh you know I’m Still looking at this descending wedge uh again I don’t like diagonals but we did have a nice double bottom it would be nice to maybe come down re-test go a little higher before reverting maybe getting a lower move it just depends um you know this is just correction from The 12 months of downside ultimately it was very very tradable there’s a lot of bullish signals on the one day uh both for Bitcoin and for total um but now we’re seeing that move exhaust moving on to tether dominance so tether this one’s super interesting uh we actually We actually broke somewhat of a sport I’m actually gonna redraw these Sports I don’t like that I just I haven’t changed them in a while so let’s do that let’s redraw these so we’ve got this one well really we’re really that’s it this is just a lot of chop So we’re kind of in between major support and resistance major resistance being 8.6 major support being 5.96 maybe there’s some slight here very very slight this is hard this is a tough one uh just because this is a lot of chop for now we’re just going to look at mac Review teller dominance uh looking at the daily I wouldn’t consider this a double bottom it looks more like sideways movement however again you could have this move then we go back to the upside back down obviously when this goes up Bitcoin is down when this goes down Bitcoin goes up Not a lot of information to really grab from this at the moment I know we did have that like ascending wedge kind of breakdown however you want to draw it kind of an ascending wedge breakdown again not the cleanest chart ever and I apologize for The very rash ta I am very sick try my best here your voice is a little bit husky yeah it’s because I’m I’m sick foreign yeah I’m pretty sick so like I said this is a quick stream today and then I’m gonna probably just go to sleep But onward to bitcoin so this is the one thing I did want to talk about so on The Daily uh we do have exhaustion uh or seeing partial exhaustion a lot of rejections here resistance for resistance confluent at this level uh lots of Divergence here on Mac the RSI Other than binance the other charts are actually showing volume going down as price is moving up from our recent high so overall we have all the stages of exhaustion I would look for uh for a big Short play so what I’d like to see is either deviation slightly above maybe Reversal pattern before heading lower or just a strict you know one day reversal pattern until we get those I’m not really looking for a trade uh this is all uh more or less a Distributive liquidity grabbing lots of people are bullish and think we’re going to go to 30k tomorrow lots of people are looking for uh you know quote unquote early shorts because we haven’t really started that downward move so ultimately ultimately looking for that short play but that doesn’t mean we we may or may not get one it just depends we did however on the four hour have uh Somewhat of an ascending wedge here or maybe even a ascending triangle whichever uh and it looks like a breakdown looks like we’re gonna go for that retest uh I’d like to see lower I’d like to see us get back I’d like to see us form a range over the next six months To a year so as long as we don’t break below 15-5 any sideways movement any sideways tradable movement too if we keep getting moves like uh well really like this this is super easy guys super easy move to trade lots of people were were not capable of seeing this trade Which just blows my mind because we have a very easy double bottom into a very large upward move I mean I think anything is likely it’s I have no idea if we’re going all the way back down there but I do know that we’re seeing an upward and up so we’re in an Uptrend right from bottom to top we’re at an uptrend now uh yes if you zoom out technically we’re still in a downtrend uh but from the way I’d swing trade we’re still in an uptrend I would like to see us form some kind of reversal start hitting that downtrend get that Sideways movement going uh so we can accumulate for the next one to two years before the uh basically the major Bull Run starts essentially yeah guys I I am sorry I’m sick I just want to do a quick live stream today uh I’m gonna call it early I Really don’t have anything else to share other than that just because yes we’re seeing exhaustion I wanted to point it out live uh really open up your eyes to the macro and guys again ignore lower time frames you’re just gonna confuse yourself this Market is very very Difficult to day trade and I honestly wouldn’t waste your time uh but with all that said guys be patient users management and good luck trading and one more time I I apologize for the quick stream I I am sick I’m sick as a dog I gotta I gotta get out of here Bitget: (15% off fees & $4163 Deposit Bonus) Mobile link: https://partner.bitget.com/bg/qEJn6j Web link: https://partner.bitget.com/bg/aEfMRn Want to join the Trading Classes? 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