AI Summary
In this live trading session, the host analyzes the cryptocurrency market, focusing on Bitcoin and Ethereum, to identify potential entry points for short and long positions. The analysis uses ICT concepts like breaker structures, change of character, and order blocks, emphasizing a conditional 'if this, then that' approach to trading.
Chapters
The host identifies a zone that could lead to a drop to 44,000, but emphasizes it's an area to observe, not a certainty. The approach is conditional: 'if this happens, then we do this.'
Taking a short position immediately is a 'risk entry' with a higher failure rate. A confirmation entry on a lower timeframe minimizes losses.
The market has been ranging between a high and low. Direction will be known only after a breakout. There is no proper market structure in this region.
Price broke structure, retraced, swept, and broke again. This suggests a retracement is expected, with the broken structure acting as a breaker.
A supply zone could push the market lower. Breaking the structure would confirm a downtrend, potentially leading to lower prices.
An internal breaker structure is identified. A short position is only considered if the last low is taken out, providing more confidence.
Trades are taken from demand zones. The host points out a respected demand zone, but conditions for a trade are not fully met for Bitcoin.
Bitcoin has tapped into the Optimal Trade Entry (OTE) at 62 and a demand zone. A short is considered only after the low is taken out.
On the 15-minute chart, there's an internal breaker structure and a supply zone. A short position is only taken if the structure breaks.
Ethereum shows a change of character and an internal breaker structure. The market retraced and broke structure multiple times, indicating engineered liquidity.
Using Fibonacci, the golden zone (OTE) is identified as an area of interest. If price reaches this area, it's safe to look for a confirmation entry to short.
There are two opportunities: a long if price goes above a line and retraces, and a short if there's a structural shift. The host has an alert on this line.
The host emphasizes patience. You may miss some trades, but you also avoid bad ones. Wait for your strategy to play out.
If price goes above a line and retraces, look for a change of structure to go short. Ethereum is clearer than Bitcoin for trading.
An iPhone challenge is announced. Participants must demonstrate trading skills. There are consolation prizes for second place and access to copy the host.
The host provides a detailed, conditional trading plan for Bitcoin and Ethereum, emphasizing patience and confirmation entries. The session concludes with an announcement of an upcoming trading challenge with an iPhone as the prize.
Mentioned in this Video
Study Flashcards (5)
What is a 'risk entry' in trading?
easy
Click to reveal answer
What is a 'risk entry' in trading?
A risk entry is taking a position without confirmation, which has a higher failure rate.
06:19
What is the 'if this, then that' approach?
medium
Click to reveal answer
What is the 'if this, then that' approach?
It's a conditional trading plan where you only take action if a specific market condition (e.g., a low being taken out) is met.
05:49
What is a 'breaker structure'?
medium
Click to reveal answer
What is a 'breaker structure'?
A breaker structure is a broken support/resistance level that can act as a new resistance/support, often used for retracement entries.
08:25
What is the OTE (Optimal Trade Entry) in ICT?
medium
Click to reveal answer
What is the OTE (Optimal Trade Entry) in ICT?
The OTE is a specific Fibonacci retracement zone (often 62%) considered a high-probability area for entries.
13:34
What is a 'change of character' (CHoCH)?
medium
Click to reveal answer
What is a 'change of character' (CHoCH)?
A change of character is a shift in market structure that signals a potential trend reversal, often used to confirm entries.
15:51
💡 Key Takeaways
Risk vs. Confirmation Entries
Clearly distinguishes between high-risk and lower-risk entry strategies, a core principle for traders.
06:19Internal Breaker Structure
Provides a concrete example of how to identify and use breaker structures for potential retracement entries.
08:25Golden Zone (OTE)
Explains how to use Fibonacci to identify high-probability areas of interest, a key ICT concept.
17:29Patience in Trading
Emphasizes the psychological discipline required to wait for optimal setups, a crucial trait for success.
20:30Full Transcript
[02:21] gentlemen, may I [groaning] have your attention, The show starts in 9
[02:35] 7 6 5 4 2 1
[02:48] Go. Welcome to the show, everyone. I hope you had um a great week so far. We are about to start. Now, if you can hear me clearly, just give me a one in the comment
[03:01] section. Let me know you can hear me. If you can hear me, give me a one in the comment section. And while you are at that, just tell me in the comment where you are attending the live from. So, just the city and the country.
[03:22] from. So, I see you, Fortune Osakwe. where you are attending this live from.
[03:35] Today, we are just going to the crypto market. On Monday, we did um we did the forest market. Let me just bring it here. Okay. Fortune, you're bring it here. Okay. Fortune, you're watching from Asaba. I see you.
[03:50] um the forest market. We did EUR/USD. entry. And if you go to Discord on my desktop Discord, I just dropped that once I see a change of character in this region, then I'm taking a short
[04:05] position. We're not yet there. I still believe this will go maybe here, and we cannot see the change of character.
[04:27] Sunday in in Owerri. Or Sundays watching from Benin is Frank.
[04:41] I'm Kelechi sharing in Ibadan. And we have God's love in Enugu. You guys are welcome to the show. Again, we're
[04:54] analyzing the the crypto market today, and we have um today, and we have um Amara is in Dubai. We are analyzing the crypto market today. We're looking for entries where
[05:08] we can enter the market from. So, I'm just going through EUR/USD. This where I see a possible entry. The same thing for GBP/USD. A change of character confirms entry. And for Australian dollar USD as well.
[05:23] Now, let's look at the crypto market. Where are we coming from? Where are we going to? Now, if you remember last week, I said that this zone is a zone
[05:35] right? This is the zone I said that if we get to this zone, there's a possibility that we get go lower to 44,000. Now, this may happen. It might not happen, but it's an it's an area to
[05:49] it's an area to um um observe. But, the way we play this if um this, then that. If this happen, then we do this. If this happen, then we do this. That's how we just play this
[06:04] this. That's how we just play this game. So, looking at this, what's is a criteria that needs to be met before we take a short position? That is what we want to look at here. First, you can just go ahead and take a
[06:19] short position from here. That's what that's what we call risk entry, but more of your trades are going to be are going to fail. Like you guys know in trading, um taking losses is inevitable.
[06:32] The thing is, are you taking more wins the loss you are taking? So, again, one of the entry just to take an entry here, and if it goes, fine. If it doesn't go, you
[06:45] confirmation entry on a lower time frame, it's minimizes the number of loss that you take in trades. And that is where
[06:57] the if this, then that if this happens, we take that action comes into play. So, 4-hour time frame. What have we experienced? Like I've always been saying, the market has been ranging in this region. You can see the ranging in
[07:12] this region. We will know the specific direction when we break out of this high and this low, because in this section, we have not seen any there's no proper market structure in this region. There's no proper market structure
[07:27] So, we're still working within the confines of this high and this low here. So, the market is ranging again in this region.
[07:41] structures, we've had good trades. One from here, another one from where again? I think from within here. This was the entries we got on this movement upwards. Now, we are here. So, what can we work out of?
[07:57] structure here. And you can see the market pulled down, respected it, okay? Even though we had a sweep here, which is still fine. And it went up again. Even if you look at here, we can still
[08:13] we can say this point now is Again, this is not a proper breaker structure, because there's no structure here that is broken. But, if you are looking at internal structure break, we can consider this as one.
[08:25] um price broke the structure, retraced. What happened? It broke structure again, retraced, did a sweep here, then did another one here. So, what do we expect is a retracement. So, a
[08:41] we expect is a retracement. So, a retracement in what sense? structure here that is confirmed. This one. there are things things to consider. First, we have
[09:00] This is a significant region. Okay, you can see I marked it out. And if you go above it, then we have broken structure to the upside. But, there's possibility that we reject from this region. So, beside this being
[09:17] the breaker structure here, again, when we have a breaker structure, we want to retrace. There are things that can work for or against this. One is that this supply zone we have here
[09:31] can actually put this market very low. And when we now break this particular structure here,
[09:43] are in the downtrend. And we can now go lower lower than this. Okay? This demand this supply zone here can make that happen. But, even if that doesn't happen, even if
[10:00] to keep going up. We could do a retracement to this region. We could retrace to this around this
[10:15] can now go higher. So, which means that there is positions here on Bitcoin. But, even when taking short position here, you have to still use if this
[10:29] happened, then we do this, okay? So, we now understand the broader frame. We cannot go lower now. Let's the um 1-hour time frame because we're
[10:43] coming from the 4-hour time frame. If you watch this So looking at this Let's take this back. So, we have this internal breaker
[10:56] structure here. Here we have another internal breaker structure here.
[11:12] So before I can start looking forward to this breaking down this is a last low, this low here. this is a last low, this low here. This is the last low that led to this
[11:25] breaker structure that we have here. Okay? And the market went all the way to this high. So, before I can say or I can consider taking short positions I need this low this low here
[11:39] I need it taken out. So, if price say comes down this way and takes out this low then I am more confident to take a short position first to this point because this may be a turning point and or my
[11:54] sister see, this is the point where I feel my hold if we are um going to go higher. If it doesn't hold, then of course we we keep on going going lower.
[12:09] Hope this makes sense. So, for Bitcoin um One this might still come down all the way and break this. I'm more confident to take this trade if
[12:22] this low has been taken out. Then, I'm more likely to take a trade from this point. And where do you take a trade from? We'll take a trade from the demand zone. Let me make that clear.
[12:36] So, make that bigger. So, on this movement upwards, yes, here um this This is a demand a little demand zone here, but it's still respected, okay? We haven't broken down this. But, if you look at this
[12:51] let's say I'm taking this trade. This is a demand zone. a demand zone. And you can see that this market rather. This market respected this supply zone. Over here, we also have a
[13:06] supply zone. Okay? if I I I said I'm I'm not taking this trade. We're going to go to Ethereum. You see Ethereum makes it a little bit more
[13:19] a little Ethereum makes it more make it make sense. made it make sense, but Bitcoin the conditions are not all met for me to say I'm taking this trade just looking at it from a a little time frame perspective.
[13:34] So for Bitcoin, if I was to take this trade from this point since we have actually tapped into OTE, which is 62 and we have also tapped into this little
[13:50] demand zone here. You can see this this then to take this trade to start taking short position to the downside we want to see to see this low that we have here taken out.
[14:04] Okay? If we have this low taken out then I am more confident to say I am now looking to take if this low is taken out, then yes, we
[14:17] can go short to this point. This is from the perspective of a of a day trade. Then, from a swing trade perspective, you want this low to be taken out, this one. They cannot go lower. Let me go down low Let me go
[14:31] lower to the 15-minute time frame to make it make it more sense. Sorry again. On the 15 minutes this is the this is
[14:45] a breaker structure here. Internal breaker structure. Internal breaker structure. Okay? Here we have tapped into this
[14:57] supply zone. The only thing that we didn't do is to break the structure here, which I which I make this make But again, we have tapped into this supply zone.
[15:09] We have the last structure here. So, if we break then we can take a short position. If you don't break below this we are not taking any position. So, for Bitcoin, you just have to wait
[15:24] Now, let's look at Ethereum. Ethereum, like I said earlier, has a Ethereum, like I said earlier, has a better um stuff. If you look at my screenshotted. And Ethereum make make it make it more
[15:38] So for Ethereum let's look at the structure again starting on the from the 4 hours. We have change of character here.
[15:51] See that? Even from internal from the internal stuff here we have a breaker structure internally here. You can see that here. And we have this.
[16:07] The market retraced went down again, broke structure a retraced broke structure third time retraced not fully and broke structure a third time.
[16:23] Then, we are here. So, what can we say from here? Now this
[16:40] the whole of this. Okay? The whole of this you see here can be considered a market engineering liquidity to be taken. So, it's engineered liquidity, it took it above
[16:54] engineered liquidity, it took it above and it took it below. We can say that for this because they this didn't give us a full retracement. this didn't give us a full retracement. So
[17:12] see that clearly here, this particular one. We have a change of character, And over here over here we have
[17:29] the 4 hour. We have the supply zone. And if I pull my Fibonacci because since we have a change of character here I'm okay to pull a Fibonacci tool this way.
[17:42] You can see that my golden zone is in this region. Golden zone in ICT, you can call it um OCT OTE rather.
[17:57] So, this is the area of interest. This is the area of interest. So, if this if price gets to this area then it's safe to start looking for confirmation entry, which is CE.
[18:14] Okay? To short this position to this point. If you look at If you look at Bitcoin we're actually talking about shorting to this point. But, this is the first point you want to look at first. Because of this This is significant
[18:30] um demand zone here. Now, let's go to the 1-hour time frame to to um to um to you know, get more details.
[18:52] what can we take here now? I was looking at this area. Um that's why I have this line has an alert to it. There's opportunity for two things here.
[19:06] Opportunity to Opportunity to take a short position and also opportunity to take a long position for Ethereum. position for Ethereum. One is this. So, if the market if price
[19:18] goes above this line because if you look at this movement downwards Okay, this is structure. Okay, this is structure. Structure we had we see structure here.
[19:32] If price goes above this line then it means that if you retrace this, we can take a short a long position to this point. On the very low time frame.
[19:47] minutes or even 1 minute time frame to take a position. Then from this point, if we see a structural shift, then we want to take a short position to this point first.
[20:03] So, that is just the game for Ethereum. Nothing else. This is what you should look out for for Ethereum. A chance to take a long position and a chance to take a short position. So, I'm I want to go down to 15-minute
[20:17] timeframe again. Even further.
[20:30] See, I I drew this um zone earlier. I didn't take this trade though, but I felt that because we didn't get a break above this line. some things you analyze, you don't take it. It plays out, you'll be like, "Ah,
[20:43] if only I would have taken it." But, you don't take it. So, you wait till you wait till your strategy You have to be really, really patient in trading. Discord today saying that in trading, you really have to
[20:57] be patient. When you are patient, that is when you catch um entries. You might miss some, but again, you also miss have taken. So, I want to explain this again.
[21:10] One is if we have Again, we're using if this happen, then we do this. If it doesn't happen, we don't do anything. If this happens,
[21:22] that we go above this line and we have a retracement, higher. Okay? To this region. Then, if we have a confirmation shift, change of structure
[21:36] position to go lower to this point. that Ethereum is much, much clearer when compared to to Bitcoin. It's clearer.
[22:05] even much higher. It might go as high as this. Then we might have a shift this way. This might be what is going to happen.
[22:17] happen, then we do this. If it doesn't happen, then we do the next thing. Ethereum. I hope um we can use this plan to plan out the red the your week to do
[22:29] for entries. If you get one or two entries in the here, then it is totally fine. Now, Now, don't forget that we still have the iPhone challenge coming on. This iPhone is going to go to
[22:43] a one one of you here. A good All you have to All you have to do is to show me that you can trade. I'll be working on the Telegram access board to let people in. We should conclude that say
[22:57] I don't know, today, tomorrow. Once it's concluded, then you get all the details on how to get access to to join that trading challenge. Um besides this iPhone, there are other consolation prizes for the first for the
[23:11] second place and the second place um trader. And you also have access to to copy me as one of the testers and traders. Uh you can you have You also have access to the beta testing stage. We're
[23:26] building that and it's going on really, really well. Now, if you have trades or charts you want me to look at, just drop it in the comments and I'm going to take it in the comments and I'm going to take a look at them.
[23:45] currency you want me to look at, just drop it in the comment section.
[23:58] >> Or you have any other [music] question at all, let me know.
[25:23] >> Okay, um fortunate sake, I would like you to look out for if for I would like you to look out for if for is there but it's already covered, okay? Yeah. I think you're going to say you want You
[25:37] that already. And Ethereum as well. Ethereum is And Ethereum as well. Ethereum is covered as well. let me let me just mark out the possible entries. One is possible entry.
[25:53] It's another possible entry as well. If this plays out, this is what I'm trading. That is just it. So, that's about it, guys. I hope you enjoyed this live. I'll see you guys on Friday. And let's look at how this plays
[26:07] differently. So, I'll see you guys on Friday. Have a have you a very
[26:19] um profitable trading week. Bye, everyone.