Game Plan: Crypto Trade Setups, Stock Technical Buy + Sell Levels, Macro Analysis & MORE!

Introduction

In this section, the speaker introduces himself and his purpose for the video. He also talks about a verified trader hat that he has made and how he wants to help people focus on learning charts.

Introduction

• The speaker greets everyone and explains that he is here to help people make money in the market.

• He mentions a verified trader hat that he has made and how he wants people to be focused on learning charts.

• The speaker emphasizes the importance of being healthy and clear-minded when trading.

Market Analysis

In this section, the speaker talks about how it's a hangover week due to lack of economic news. He then goes into analyzing the crypto market, specifically Bitcoin.

Crypto Market Analysis

• The speaker notes that it's a hangover week with slow price action due to lack of economic news.

• He analyzes the Bitcoin chart, noting a level of support at 26,700 and resistance at 28,700.

• The speaker explains that hitting one way weakens it and notes that Bitcoin is bouncing back and forth like pinball.

Health Tip

In this section, the speaker gives a health tip related to juicing vegetables.

Health Tip: Juicing Vegetables

• The speaker shares his juice recipe which includes carrots, cucumber, celery, organic apple, and other ingredients.

• He emphasizes the importance of being healthy in order to have a clear mind when trading.

Bitcoin Analysis

In this section, the speaker continues analyzing Bitcoin by discussing its resistance level.

Resistance Level Analysis for Bitcoin

• The speaker notes that 28,700 is a key resistance level for Bitcoin based on previous lows from earlier in 2021.

• He explains that this resistance level is why Bitcoin is having trouble breaking through it.

• The speaker compares the price action to playing pinball, where hitting one way weakens it.

Bitcoin and Ethereum Analysis

In this section, the speaker analyzes the charts of Bitcoin and Ethereum.

Shorting Bitcoin at 28,450

• The speaker has a tiny position short on Bitcoin at 28,450.

• He plans to add to his position at 30,000.

• If Bitcoin stays above 30,000 for a certain amount of time, he will cover his shorts.

Ethereum's Upsloping Channel

• Ethereum is in an upsloping channel with parallel blue lines.

• There is a lot of resistance around the 1850 level.

• If 1850 breaks and we get above it, there is a run-up to 2000.

• The highest point since the lowest point was put in on ethereum back in June of 2022 was in August of 2022.

Understanding Probabilities in Trading

In this section, the speaker talks about understanding probabilities when trading.

Specific Levels and Probabilities

• It's all about specific levels when trading.

• As soon as you understand that, you become free to understand that it's all about probabilities.

• There's no "always bearish" or "always bullish" mentality.

Position Sizing and Hitting Singles and Doubles

• Position sizing is crucial for successful trading.

• It's not about making a million dollars overnight but hitting singles and doubles consistently.

• Hitting home runs means striking out which can be detrimental to your account.

Gold Analysis

In this section, the speaker analyzes gold.

Consolidation Needed for Gold

• Gold has had a great run but is short-term extended.

• Consolidation may be needed before going higher.

• A double top is the next target at 2075.

Gold, Miners, and Lululemon

In this section, the speaker discusses gold, miners, and Lululemon.

Gold and Miners

• The dollar was up 20% on the dollar and gold was down for the year maybe five percent that tells you huge accumulation.

• When the dollar is up 20 and gold doesn't decline by 20 it tells you big money is buying.

• Look for gold to attack $2075. Target for the end of this year is well north of $2075 should be potentially $2300 once we break out above $2075.

• Buy miners on pullbacks. The miners will do really well this year because inflation is coming down last year inflation was nine percent.

• Take a look at GDX here. This year it's going to be different. Gold price is going to go up quite a bit on the other side of the coin inflation is coming down that means the miners are likely going to be outperforming.

Lululemon

• Lululemon stock is trading Sky High this morning on the back of earnings last checked around 370.

• If you're aggressive you can look to short 386.

• Big level is going to be 410 but this is your one that's most likely to hit today.

Making Sense Out Of Jumbled Action in Oil

In this section, the speaker discusses oil prices.

Understanding Oil Prices

• Why did oil bottom where it did? Look at pivot highs, pivot area, pivot low, and pivot low.

• Don't be someone who chases. Chasing is the cardinal sin.

• Buy technical levels when it's low.

Investing Mentality

• Don't rush in or panic buy. That mentality is a broken mentality as soon as we can fix our minds get our minds right that's where we can actually focus in and make money in the market so you buy on sale prices technical support.

Shorting Oil and Natural Gas

In this section, the speaker discusses shorting oil and natural gas. He identifies a shortable level for oil at $75.50 and explains the concept of "retrace to the scene of the crime." He also talks about accumulating natural gas slowly and using proper money management.

Shorting Oil

• The shortable level for oil is $75.50.

• "Retrace to the scene of the crime" refers to major resistance at a level where a breakdown occurred.

• The scene of the crime for oil is at a trend line that was broken.

Accumulating Natural Gas

• Accumulate natural gas slowly by dipping your toe in.

• Proper money management is crucial when accumulating positions.

• The downsloping trend line on natural gas looks interesting.

Nvidia Potential Short Trade

In this section, the speaker discusses Nvidia as a potential short trade due to major resistance levels and a topping tail on the charts.

Nvidia Resistance Levels

• Major resistance levels for Nvidia are around $275-$280 and $285.

• A topping tail on the charts indicates weakness in price action.

• Sell Nvidia short until proven otherwise.

Alibaba, Tesla, and S&P 500 Analysis

In this section, the speaker analyzes Alibaba, Tesla, and S&P 500 charts. He identifies support levels for Alibaba and potential short trades for Tesla based on wedge patterns. He also provides an overview of S&P 500 charts.

Alibaba Support Level

• Look to rebuy Alibaba if it retraces down to around $87.

• There is strong support at that level.

Tesla Wedge Pattern

• Tesla is in a wedge pattern with an uncertain breakout direction.

• If it breaks out to the upside, look to short at around $245-$250.

• If it breaks down and consolidates, go short for a bigger drop back to $143 eventually.

S&P 500 Overview

• The speaker looks at the SPY chart and notes that it is in an uptrend.

• He does not provide any specific insights or recommendations for trading the S&P 500.

Market Analysis

In this section, the speaker discusses the current state of the market and provides insights into potential future trends.

Market Trends

• The banks have been beaten down so much that if they catch a bid, it could cause the S&P to trade up.

• If we break to the downside, we may retest the October 22 lows.

• The Fed has announced that they are keeping interest rates up for longer, but the market doesn't believe them. Valuations in stocks are still high.

• At some point, we will go into a recession because of high interest rates. When this happens, earnings per share for most stocks will drop and valuations will ultimately drop as well.

• The S&P 500 is expected to come all the way down to 3000 this year.

Trading Strategy

• Bounces are great but continue to look to short rallies into resistance. This is still a bear market until proven otherwise by charts.

• Both crypto and stocks are currently in a bear market.

Conclusion

In this section, the speaker concludes his analysis and provides information on where viewers can find more resources.

Final Thoughts

• The speaker thanks viewers for tuning in and promises to bring alpha every time he does these things.

• He plans on doing daily videos covering day trades, swing trades, crypto, stocks, commodities and more.

Resources

• Viewers are encouraged to check out Verified Investing Crypto on YouTube for trading series content.

• InTheMoneyStocks.com is also recommended as a resource for stock trades.