[02:23] >> Good morning, traders. How are you doing? How are you doing? I hope I can be heard. Can I be heard?
[02:47] Good luck to money. Hey, smart. Good morning, King [music] Tech. Welcome to the show. Okay, so we're looking at the the crypto
[03:02] market. It has been really, really slow. There has been a lot of consolidation and it's it's not really smooth to trade at this time. You can hardly find a trade. It's it's
[03:16] it's not the structure is not giving us what we need to take very good trades. we're still going to look at the market and see the possible opportunities. Now, I always say this, my strategy is always if this happened, then we do
[03:31] don't do anything. So, we're going to look at the crypto market and see the start, um go to the comment section and tell me two things. One, where you are attending this live from. I just need
[03:46] the city and the country. For example, I'm in Lagos, Nigeria. Just go to the the country you are attending the live from. from. Dips here, did I see you?
[04:03] the live from. Then we get into the Bitcoin, Ethereum, Solana, and XRP. Bitcoin, Ethereum, Solana, and XRP. Again, it's not as smooth to get trades from these currencies at this time.
[04:27] And Alfred is Accra, Ghana. DM Autos is in Accra, DM Autos is in Accra, Ghana.
[04:45] Uyo, Nigeria. King of Doings, Lagos, Nigeria. Taste My, Lagos, Nigeria. There's somebody in Jos. Haggai.
[05:01] Haggai. PH City. Obong is in Akwa Ibom State. Dave always in Abuja.
[05:15] in Abuja. And Musa is in Karu in Nigeria. Kano It should be Kano. Lagos. Okay, so let's get started. You starting with the Bitcoin market. So,
[05:30] let's look at what we've been doing, and this is on the 4-hour time frame. Okay? So, if you've been following this live for for the longest time, and let me go to the daily time frame,
[05:43] and let me go to the daily time frame, uh you will know that 44,000. I've seen Bitcoin getting getting close to or down to 44,000. I've explained this in in a lot of videos, especially
[05:59] with the 12 hours and the and yearly is it yearly or monthly time frame? You will see the gap here that Bitcoin needs to fill um for this to be a very good goal for the next bull season. And I would like
[06:12] if you get down this low, then you can start going to starting your the dollar Bitcoin at this time. As a matter of fact, at this time you can start collecting Bitcoin um because when the bull season comes again, of
[06:27] course, we can see Bitcoin again at 100,000 again. But for now, this is where we are. How have I been trading this? We had a consolidation here.
[06:39] We dropped down. We had this rally. This retracement. We dropped down again. Again, I'm looking at some retracement and drop down or even a drop down from So, let me go down to the 4-hour time frame and show you what I mean.
[06:55] um movement up here, we had a lot of opportunities to trade this to trade During this upward movement had some opportunities. Even right here, we had opportunities.
[07:09] But after this break of structure we have here, it's been really really difficult to trade um Bitcoin. Look at this. This drop down happened um since this. This drop down happened um since 30th of June, this 30th of June, to
[07:25] to now the um 11th of August. in this market. You could see from what I mean from what
[07:41] this [clears throat] is because of structure, this is because of structure. So, a retracement this way, we should see opportunity to start trading this If we are following this because of structure, but if you look from this
[07:54] like BOS, because what I saw this BOS, I was simply expecting this to happen. I was like, okay, this is my strategy. If I have a breakdown this way, hold on, let me show you that again.
[08:08] So, if you have a breakdown this way, okay? And the market simply goes below this,
[08:21] we can take a short position from here to go lower. That's what the trade idea. to go lower. That's what the trade idea. But, you can see
[08:33] okay? The market hasn't really closed below this line. Price has not gotten below this line. Price swept it. So, there's a difference between sweeping a line and actually
[08:48] closing below it. Price swept it, but after sweeping it, it has done practically nothing. Okay? They have just come up this way, is done. So, what can you trade here? One,
[09:04] um if you notice here, I have a I have my alerts here, okay? One way to do this is simple. One, you still do the waiting game. You wait to see price come below this line.
[09:18] If it does, then you wait for a retracement. You take short position to go lower. That is one thing to do, because if price goes below this line, that is when you actually now see structure to be able to trade, because
[09:33] here is all consolidation. There's no structure to trade here. Even on the 1-hour time frame. Now, another thing price can do is to go Now, another thing price can do is to go above this line.
[09:51] If price goes above this line, then my orientation starts thinking then my orientation starts thinking towards long, okay? I can take position when it retraces and my target will be this
[10:04] above. My target will be this area because initially I was looking at off of this breaker structure, this is the of this breaker structure, this is the area to watch. This particular area
[10:16] is the area to watch off of this breaker structure. Then off of this tiny one, we are in the area that we are meant to be to be watching. Only that price is not doing anything in this particular area. The market is just
[10:29] So, this are just the simple waiting game. um I could just wait to take it. Now, we just simply waiting game here.
[10:41] Now, there are other um trades you can start looking forward to in this small in the lower time frame. But, these trades are more Okay? Again, if if you're looking at this,
[10:55] if you're looking at this, you could say that See, look at this. Had it been this is a breaker structure. This one, had it been it's a breaker
[11:08] structure. Had it been this candle body actually closed, actually closed, this candle body here, wicks. Just say the first wick, second wick, third wick. There's no closure
[11:23] here. But, had it been this candle body actually closed, then this would become a change of character to this breaker structure cuz this will have become a breaker structure. Then
[11:36] good trade to take. Let me show you the trade that I'm talking about. This one, short position from here from here to this way.
[11:50] Target this a bit low around here. I can look forward to at least a trade like this. It doesn't It won't give us a perfect um 3R.
[12:02] Okay? Which means I'm coming from my I can take my Fibonacci tool, pull it this way. pull it this way. Okay?
[12:17] this would have been a trade I would have taken, have taken, okay? If we had this closure here. We don't have the closure here. Now, this trade might still work out, okay?
[12:30] it is it is not is not high probability. It might still just go ahead and just um um work out
[12:43] just the way I I'm explaining it here. But it is higher probability if we have a break of structure here. And I don't trade without structure. So the only thing I'm waiting for is Fine, if it works out and it comes down
[12:58] below and breaks structure properly now, then I can now trade it long to the um area of interest and trade it lower to um the next low, which is going now this
[13:13] low now. So this is it for for Bitcoin. Let's look at Ethereum. Ethereum is practically the same thing, okay? So um off of this breaker of we'll have here,
[13:26] this particular one. That we have here. I was looking at practically three area of interest. The first area is this for is this daily demand zone that I colored this the purple the
[13:39] The second one is my um golden zone, which is the yellow zone that you see here. And the third one is this demand zone here, this for our demand zone.
[13:53] point. A tiny trade from this point. You can see I marked that on the on the on the 5-minute time frame I marked out my 5-minute time frame I marked out my um I marked out the
[14:06] uh what do you call it? The internal break of structure and the change of character from here. So, trade this lower. Uh but you can see again, look at it. From this point,
[14:18] We have we have a high here. Look at this high. We have this This is a break of structure here. Okay? So, from this
[14:30] this low, everything we have here is all consolidation. The market has not done has not broken structure to either side. this is going to keep going high. Let us trade it higher to this point."
[14:46] It has not broken below to say, "Okay, this is time for start going low." It has just been consolidating. So, the crypto market right now is just not really giving what to trade.
[14:59] This is a trade I took here, which is a good trade, but it has not gone below. This is a trade I'm actually cuz we are still in the intestine of copy me app. trade this trade on the app. So, if you're on the test group, you
[15:14] have seen this trade shown and the trade is in pos- is in profit, but it is not is in pos- is in profit, but it is not an ideal trade that I would I've taken. Um um the reason is
[15:31] for a very long time. Look at Let's look at this area. This is only 25th of July, 27th of July, and right now this is 11th of August. That is going to 2 weeks now. And
[15:45] ideally, how do I trade That's how I trade this. It's the same thing. If there's a break If price comes below this level, making it a break of structure, then you wait for a retracement, and you enter at that
[16:02] particular retracement. And the target I said, if you watch my other videos, my target will be this one first because this is a actually a demand zone here. will be here. Over here, we've had series of trades
[16:18] that were good. Just that at this point, the market has been consolidating. Now, the most annoying them of them all is actually Solana. actually Solana. Solana
[16:31] is it Solana is been annoying. it Solana is been annoying. See what I mean? All these things you see here just consolidation.
[16:48] And it has been happening since the 8th of July. So, it's been difficult to trade since the 8th of July because everything here is going to be consolidation.
[17:03] Initially, when we had this um demand fail, I here. Short position from here.
[17:17] Okay, this way. This was my trade.
[17:30] But four weeks my order was not taken. Okay? So, I just I I just simply cancel it. Now, we still had we still went ahead
[17:42] this is a demand uh this is a demand um zone We had another demand fill. I am still
[17:54] Okay? I am still looking forward to because over here we have a fair value gap
[18:14] So, over here we have a fair value gap that is still open. So, I'm still looking forward to price coming all the way to this region. Then if he gives me a confirmation entry
[18:26] on the 5 minutes then I'll take this short position this way. So, this is just my plan for Solana. Again, it is still a waiting game. Another way another way to look at this is still in your
[18:38] Fibonacci from this zone. Okay? Up to this particular area. And I can see this area still falls if I still get the golden zone this way.
[18:52] It is still falls almost close to this region. So, let me mark it out so you region. So, let me mark it out so you understand what I mean. So, it means that if price gets to either the golden zone or this
[19:07] um supply zone over here then you can wait for the confirmation entry on the 5-minutes. If you get it, then it's a good trade to also take. Right now, we going up to get here if it's going to go down. But if this doesn't happen and
[19:23] price just goes ahead and do this and just go below this, then this will form a break of structure here. Then, I will still trade the retracement
[19:36] downwards. This is just a plan. If this happens, we trade. If it doesn't happen, I don't trade. So, XRP. XRP
[19:48] uh So, XRP the way I trade this is really simple. If you follow me long enough, you just you would observe it. XRP has also I'm not seeing much trading XRP as well.
[20:02] was a very good trade, but it just here. Uh from there, we've had this um this BOS over here. This was the last
[20:15] BOS we had. And my plan was that if price come all the way up here, okay, then I would trade down. But price still didn't come all the way to this particular region. So, what do I do? I'm still leaving this open
[20:30] actually. I'm still leaving this open uh because we have if we have a break of structure here,
[20:42] okay, this actually We just have to wait for this candle to close. this one, this one has not closed. If it closes
[20:54] and it's below, this then forms a proper break of structure. If that happens, then we'll have two regions. One of the region is this one. So, over here is a 4-hour supply
[21:12] Price can still come all the way to this region before dropping. Or price can come to this region here and drop. The only thing that we should look forward to is confirmation confirmation.
[21:28] If price gives confirmation here, I take it. I take the trade. Okay, as a matter of fact, I'm going to put an alert here. But if price doesn't give confirmation
[21:42] here, fine. I wait for it. If it comes to this area and gives the confirmation, then I take this trade from this confirmation. So, this is simply the I think I have to open my horizon and look at more currencies. I like looking
[21:55] at more currencies because uh over the past few weeks, I didn't take much trade last month, but but over the past few weeks, but over the past few weeks, we haven't seen a lot of trades because
[22:07] cryptocurrencies have practically just been consolidating. They have been raging. There's no proper structure to take a trade. So, this is just what we are looking at. So, maybe next Tuesday,
[22:20] at even much more currencies. Maybe there are some other similar currencies that's giving structure that we can trade. I hope this makes sense um to you. Uh information on CopyMe, we are still testing.
[22:36] um we're working faster than we were before. before. Hopefully, we get it all ready soon so you can just copy trades inside the CopyMe app.
[22:48] Thank you guys for attending this live. I'm going to see you on Monday for another um for the first analysis on Tuesday for
[23:00] another cryptocurrency analysis. Bye everyone and have a successful, a trading week.