[00:00] In two minutes or less, I'm going to explain&nbsp; everything that I can about the crypto market&nbsp;&nbsp; crashing and where I think the price is going&nbsp; to go. All right, starting with Thursday,&nbsp;&nbsp; October 30th, we had a hourly candle close below&nbsp; a sixmonl long uptrend, which it was like, oh,&nbsp;&nbsp;
[00:17] I loved it. I'll explain why in a second. But&nbsp; by the end of the day, price had moved back&nbsp;&nbsp; above that trend line. So, if we look at the&nbsp; daily candles, we get this huge long rejection&nbsp;&nbsp; wick and a continuation on that uptrend. Now,&nbsp; a 10-second lesson on trend lines. An uptrend&nbsp;&nbsp;
[00:34] like support and resistance is a rising support&nbsp; level. So, the support continuously rises until&nbsp;&nbsp; the buyers lose that level and they show weakness&nbsp; at that level. That's when the sellers take over.&nbsp;&nbsp;
[00:48] Vice versa for a downtrend. So, we had that&nbsp; support. it pushed it above and they lost it&nbsp;&nbsp; immediately after. And since Monday, we've gone&nbsp; down 11.2% on Ethereum. Now, if you watched a&nbsp;&nbsp;
[01:00] previous video of mine where I share my crypto&nbsp; profits and what I've made so far this year,&nbsp;&nbsp; uh, in July, I sold 47 Ethereum at the 3700 level,&nbsp; assuming we would have a sharp correction down.&nbsp;&nbsp;
[01:12] Price continued up and I sold my remaining&nbsp; 77 Ethereum at 4730. And my price target is&nbsp;&nbsp; down here at the $2500 level where I will buy&nbsp; all of them back at a lower price. The reason&nbsp;&nbsp;
[01:27] I'm targeting this level is because if you look&nbsp; at the volume profiles on the daily time frame,&nbsp;&nbsp; that's the point of control. That's where price&nbsp; is most comfortable and that's where price is most&nbsp;&nbsp; likely to return to. So, if you're wondering why&nbsp; crypto has been crashing since Monday, I thought&nbsp;&nbsp;
[01:42] it was going to happen a little bit faster, but&nbsp; the markets needed to gather some liquidity at&nbsp;&nbsp; this high range and then go down. Overall, I'm up,&nbsp; so I don't really care that much. One more thing,&nbsp;&nbsp; just so that you understand this, markets move to&nbsp; grab liquidity. That's all they do. They go low to&nbsp;&nbsp;
[01:58] get low prices and they go high to get high prices&nbsp; and people enter and exit at specific levels. If&nbsp;&nbsp; we look at this wedge pattern, price shot up above&nbsp; it, breaking the wedge pattern, grabbing liquidity&nbsp;&nbsp;
[02:10] up here and then cascading down from 4,100 to&nbsp; 1300, sweeping the liquidity below this low right&nbsp;&nbsp; here. Now we've shot up above, sweeping liquidity&nbsp; from these highs. And now we are going back down.&nbsp;&nbsp;
[02:25] I'm assuming after a couple of sweeps like this,&nbsp; we should revert back to the point of control&nbsp;&nbsp; where price feels most comfortable and where&nbsp; the highest volume of this asset was traded,&nbsp;&nbsp; which again was 2500. That's my price target.&nbsp; I'm not Nostradamus, but this is my opinion. I've&nbsp;&nbsp;
[02:41] been doing this for many years. If you guys want&nbsp; to watch the full video on my Ethereum trading&nbsp;&nbsp; this year, it's right here. Thanks so much&nbsp; for watching. We'll see you in the next one.