00:01You've landed on the moon show and let me show you something today that definitely will capture your attention
00:09There is some uh bad news but a huge opportunity is coming up
00:12So the opportunity I will tell you um towards the end of the video but first let me talk about the bad news and that is the fact that we are running into major resistance and previous support
00:24And I think I don't know why I don't see other people talk about this huge yellow line
00:33Um because to me it's such an obvious line
00:37Like it's so important
00:40It it's it's the most important line for the past like five years, right? So ever since 2021, we've seen resistance, resistance, resistance, support, support, resistance
00:50And now we should expect it to again act as resistance
00:56Now we did see a weekly candle here that in my opinion didn't decisively close above
01:04In my opinion this looks more like a bad sign than a good sign
01:06It it looks like we're getting rejected by it
01:12Right now we have to combine that with the fact also though that this high is lower than this one
01:19So we do have a now a higher low
01:21So for we had a a trajectory of lower lows but now we're changing that into higher uh highs
01:31So basically these were lower highs, now we're getting higher highs
01:35Um if that makes sense to you guys
01:37So here we had lower lows, we still have lower lows
01:39Um but look if we get rejected here then we will be left with a higher high which is actually a bullish signal on the bigger time frame but we can still go lower because we probably need to anyways because we have to go down and confirm a higher low
02:00All right
02:00So this is our low now
02:03We've we've had lower lows
02:05That's a a bearish uh trend
02:05Now we need to set a higher low
02:09If we go all the way down below the previous low, that would be extremely bearish
02:15That means we could go much lower
02:17That means we could technically go, you know, much lower
02:21But I think it's extremely unlikely we go down there
02:23I would put that at less than 5% chance, less, maybe 3% chance
02:29However, getting rejected here and coming back down to 71K, I would put that at probably a 60% chance at this point
02:40I think it's like a very very possible scenario
02:42Uh coming down just tagging below 75K here
02:45Also very possible, more likely obviously
02:49If we go to the daily here, um you can see that we have a a a low there
02:55And I'm going to show you a chart now that could give us some some um um extra information about this
03:02So if we go over to this chart
03:04So this here was the 2022 bare market low and this is our current bare market low
03:11Now from the very lows of the the last bare market, Bitcoin pumped and then got a sweep down before continuation
03:23All right
03:23So what if we're going to see that sweep down before we go higher, right? Um that is what I think is a very very possible scenario
03:32Markets [snorts] like to do that go down and basically everyone who put some uh stop losses there they get liquidated or stopped out and then they go higher
03:42All right
03:42So let me uh put that back
03:44Uh let's talk about uh let's see here which chart was it? This chart right? Um, so right here you can see here probably many people put their stop losses right here
03:57That's usually what people do, right? They put it below a previous low
04:00So the market could very well come down, sweep that low, liquidate all of those people, and then go higher
04:10I think it's a very very plausible uh scenario, especially considering we are forming a little bit of a bearish divergence here as well
04:21on the RSI, then the biggest question will be, am I going to take profits right now? And I will talk to you about that in the very end of this video because I do still have my $3 million position open with more than a million dollars in profits
04:36And of course, if we go down there, I will lose half of my profits here
04:41So that's 500K
04:41So I'm going to talk about that at the end of the video
04:45I still want to highlight my perfect entry
04:48Look at that
04:48So beautiful
04:50Absolutely beautiful
04:50That's why I think you guys should uh subscribe to my channel because on the moon show I give you these uh these beautiful uh trading setups
05:01All right
05:01So, uh now let's talk about the good news, right? So, we have the bad news
05:08Well, the good news is we could hopefully get a chance to buy Bitcoin for cheap again
05:14So, like I said, I think the the um the uh the likely correction point in my opinion would be at the very least down to 75K to sweep that low
05:25But I think this blue line is a very very important level
05:28It was previous resistance right there
05:30So that is 71.2
05:32I think that's a very very possible level where we could sweep down to
05:38Uh lowest possible uh would be down to 66.2 2, which is actually very very low, but still a higher low
05:45All right
05:50So, even if we were to go all the way down to 66 um here, that is still a higher low
06:01You see? So, even though it would feel bad in the short term, it would actually be good to establish that new trend towards the upside
06:09And guys, please leave a thumbs up right now
06:13Yesterday or the la the last video, we only got 800 likes
06:15I want to reach a thousand
06:18Please just destroy rape this uh like button
06:21Thank you guys
06:24I love you all
06:24That is incredible
06:25Now, um the big question on everyone's mind is, am I going to take profits on this position now because we're going to go down or what am I doing? Am I putting limit orders? That's the big big question
06:39And um I'm gonna answer it to you right now
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07:16Um, now, let me go into the big topic here
07:19So, the long story short is that no, I'm actually not going to take profits on this one because I've said it before
07:27I am uh using this as a huddle position
07:32means that either I go to zero with this or I go to Valhalla
07:38So no, I'm not taking profits
07:38However, on my Ethereum position, I already took a little bit of profits
07:42Let me show you my Ethereum decision
07:45Look, uh my Ethereum decision, I took um a little bit of profit right there and a little bit of profit right there
07:53All right, so my Ethereum position definitely would took a bit of profit
07:58This position, I think, has a high risk of getting uh stopped out
08:00So, uh, that is, uh, unfortunate, but I I do think it has a high risk of getting stopped out
08:07Uh, actually, I'm going to change my my stop loss because this is a bad place for a stop loss because you can see this previous resistance
08:15So, this is probably a place where we would reverse, right? Not where we would get stopped out
08:21So, I think I'm going to put my stop loss a little bit higher, probably somewhere
08:28Let's see
08:28You know what? That's a great question
08:31Where should I put my stop loss here? Maybe I put it much lower
08:36Um or I put it here
08:39I don't like this either because it's the same here, right? Like we have some resistance there, previous low
08:42So, we probably come down, sweep it, and then go higher, right? So, that's a great question
08:47Where to put my stop loss? And this is always uh bit tricky, right? Uh I like to put it at least above my entry, which is right here, right? And this is on Ethereum
08:55So, my average entry for Ethereum was 2,100
08:57Not the best
09:02Um, you know what? For now, I think I'll just keep it where I had it
09:05Uh, because that was at least my entry
09:10Um, you know what? I am getting very confused now
09:12I don't know where to put my stop loss
09:14I could also put it all the way down here
09:18Um, but you know what? I think I'll have to put it right there
09:24Um, basically, I think it probably is back to where I already had it before
09:28So, yeah, I'll keep it there
09:30Um, because that's just uh the more logical point I can find
09:33Um, and um, yeah, I think right now is a great time to um, take profits on highly leveraged positions
09:42If you have very high leverage, you can take some profits now before we potentially head lower
09:46But we have to pay attention to the fact that if we go to the chart um it is still highly possible, very possible because of this huge bullish divergence
10:02It is very possible that Bitcoin just absolutely sends it right
10:04It is possible not really likely right now I would say because we have so much resistance and this resistance is tough
10:13So, I think it's I would say it's 70% chance we get a bit of a correction
10:19Before we head higher, 30% chance we just blast through
10:22But if we blast through, then we're going to need a big correction after the blast and probably or actually guaranteed we will come down and retest the yellow as new support
10:33All right
10:35So, if we blast through now, we will come back down to exactly where we are right now
10:40So that would be a short-term trade then
10:42And if you really want to uh trade Bitcoin, then you would have to put some limit orders back at the yellow line
10:47And right now, if you want to put limit orders, I would uh put the following levels
10:52You can start putting some limit orders around 77.3 and then some limit orders around 74.5 and then you put some limit orders down at 71.5 and then you put some limit orders down at 66.5
11:06Those are the limit orders you should be putting in the chart right now
11:10If you are expecting to to buy the dip when the dip happens because I do think the dip will of course um happen at some point
11:17We don't know exactly when it's going to happen, but I think it is getting likelier and likelier now with the resistance that we get one final chance to buy Bitcoin
11:26And I already sold all of my cars
11:29I didn't sell my watch though, but I I sold all my cars to buy Bitcoin and there's nothing else to sell
11:36So if we go down lower, I'm just going to basically uh open up huge leveraged positions
11:40Uh and I'm putting big limit orders as well
11:44Uh obviously my buy bit position will be open
11:48I'm not going to close it, but on weeks I closed my big composition and I'm going to open up new ones
11:52So very exciting times
11:55Please leave a thumbs up
11:56Please subscribe right now
11:56See you in the next video
11:58I love you all
11:58You are amazing
12:00Go to my vlog channel, by the way, because all my I'll show you
12:05Uh Carl Moon vlogs
12:05I I just got so many views here lately
12:09Look, I just got a delivery of a new $650,000 Ferrari
12:11You have to go check it out
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12:16Go check sorry, my Bugatti
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12:20Uh my latest uh vlog uh will be popping up right here
12:24So, go check it out
12:26my delivery of my new Ferrari, which I'm not selling
12:28This one I'm keeping
12:31See you over there
12:33Bye-bye.