Good Morning and Market Updates

Good morning, everyone. It is 6:30 in the morning on Saturday, November 18th, 2023, and we've got four important parts to this video today. I'm super excited to be going over all these details.

First of all, let's jump into some of the news we've been watching. I don't watch a lot of news, so I have ChatGPT set up to just draw in some news for me so that I can just scan things and take an update every once in a while. So, what we're looking at here is that the SEC is delaying the approval of these ETFs coming up, but just the whole preparation of that is really important to pay attention to. And just have a little way, trade a little bit of money into the right place to watch the market on our behalf.

Short-term Trading Opportunities

Here's one that's a pet peeve of mine: how to capture short-term trading opportunities. Maybe you could do this with a bot, but why would you do that? There are short-term trades, but there are some short-term trades that turn into long-term trades.

That's where the big money is.

If you haven't read the book "Reminiscences of a Stock Operator," go and get that right now.

Here's another article that's just to waste your time and talk about whatever it might do. Nobody knows the future.

How To Make Money in Crypto

What I'm really interested in doing for these live streams is talking about how you are making money with crypto.

If you're doing articles and you're explaining how you're making money with crypto, I would like you to be an author for DigitalCurrencyTraders, and I will feature your articles on this live stream. You can write for us, apply, and you can be part of our trading community.

New Sponsorship Announcement

Now, I want to go on and talk about our sponsor. We're still setting up details, and I'm really excited about this because I like what their platform is offering to traders. And I like the differences between this new platform I'm setting up on and the other ones that I'm very familiar with. So, I'm going to be excited to talk about our sponsor. That's what's making this live stream possible.

Whale Feeding Zone Analysis

Now let's get into the Whale Feeding Zone. Whale Feeding Zone is something that I made up, and we're going to go over this every day. I will look at this chart and I'll update it while we're doing this live. So, here we are looking at the 12-hour chart, and I'm going to move my lines in now to cover where is the 12-hour relative to the 4-hour.

Now, I spent years doing this, tracking this day by day and throughout the day in our Discord channel, so that I could understand how these bands work relative to each other.

When this band is pinching in on the 1-hour timeframe, I call this Shark Feeding Zone, and pretty much any price movement within this zone, okay, I could use it, but if it's against me, I will take it with a grain of snow. Grain of salt, even prices moving inside the 4-hour zone is pretty much what I call Whale Feeding Zone.

And we've got a trading plan that really looks for when are the whales done feeding, and when are they feeding again. So, I'll be posting some specifics on that. When that trading signal does come up, I'll post it so that we can start watching for those opportunities as they set up. So, we'll do Whale Feeding Zone every day.

Altcoin Season Trends

The next thing I want to talk about is altcoin season. We can see that Bitcoin dominance has gone up here a little bit, and this is really important.

When we go and we look at our report from yesterday, we saw that we had 12 coins that had crossed the 4-hour EMA exit for our altcoin season. And when I go into our spreadsheet today, we can see that we have 38 coins that have now crossed over the 4-hour EMA exit today.

So, that's showing a big top formation in the altcoins.

That's because, pretty much, 80 coins now have crossed over the 4-hour EMA exit. Now, I did some additional filtering of that data to say where are those coins.

Here are the coins that spent 20 days in hold status.
Where are they now?

The ones that spent 20 days in hold status, we have one of them in partial hold status, and Link just crossed over to the partial hold status.

So, we still have these strong coins that have been in hold status for 20 days. And when I saw this Gala, I had to go and look at the chart, and sure enough, it has been in hold status for 20 days.

So, that shows that our trading system really nailed it back on October 23rd.

It really showed which coins we should be getting into, and those coins have been in hold status now for quite some time, and they're topping out and coming down. One thing I did discover is when I move this chart over, I discovered that my data isn't showing up very well here. When I look at the partial hold status coins, we have 38 in partial hold status, and we have 38 that just went to the 4-hour EMA exit.

Correctly Visualizing Altcoin Trends

And to my thinking, the chart should be reflecting that when I drag this over, we're not seeing the big increase in the number of partial hold status coins here yet. It's only showing the one piece of data, the partial holds, and not the coins that just crossed into partial hold over the past 24 hours.

So, my data should be adding those two things together on this chart to give us that heads up that the bear is poking his head in a little bit. Now, I want to get into some specifics on those charts. Let's go back to this chart as we're looking at the coins that have taken off.

We could go through our alt season co-pilot again, and we could look through the coins that have done 10 days in hold status.

Where are they now?

Here we have a bunch that passed the 4-Hour EMA exit, and these ones are already in partial hold status, which means that they are. Let's go take a look at API 3, AI3. I don't think I have any of this right now, but I really like the pattern that's setting up here. So, it's pulled back into partial hold status yet for me. I see that price is holding above the support and resistance from the past.

And what I'd be watching for now is for a consolidation that's small enough that I could get a low risk to reward ratio entry on this. I could put my 20 bucks in there, and I would only be risking three or four, maybe $5 worth of bitcoin on this trade. And I would go through all of these coins that are just pulling back into partial hold status, and I would be looking through and do stage one of the trade if I haven't already gotten into this, or I might be looking for my stage four opportunity. So, let's go back to the so chart.

Strategy for Smart Money Concepts

The stage four opportunity would be pulling back to the smart money Concepts, uh, support, and resistance levels, which happens to match out pretty closely to our standard 50% retracement.

So, we got to always be ready for this after the uptrend, and we can see how that looks when we get into more specifics. Let's go into so again, and we zoom in on that. This is a coin that we were looking at earlier in our free Discord that you could come and join up to. Now our trading system is going to call for us to watch for the break of the uptrend line and the one 123 top formation as our exit signal on all of these.

And what does that exit mean? It just means we put our money into B back into Bitcoin, and we would put our Bitcoin into cash if Bitcoin crosses our 12-hour EMA exit. So, right now, if so crosses below this level, it could be that it's time to lighten up on our position. So, we'll just watch for that, and if it does pull back from there to the 50% level, that's where I would be looking to add on from our original entries back in the beginning, where the one two 3s were setting up. So, if it pulled back to these levels, then oh, I'm good because I would only have my stop just above my entry already.

And then I would be ready to add onto it here.

And this is stage four of the trade, and planning this out ahead of time is required if you're going to do it in the future. You got to know it's going that this is what you're looking for, and this is how you're going to add on to these trades.

So, I would have my $20 in here, and then when it pulls back, okay, now I'm ready to add my next $20 on the break of this 123 adding on.

I could do it without adding any risk at all to my original position, and this takes some planning, and it's all all available in our spreadsheet.

Now, the daily action Matrix makes it really easy, and we're going to automate all of this, and I'll give you the details so that you can just sign up for it. Now let's go on to our moneymaking section.

The Millionaire Plan: $20 Per Week Strategy

How fast can you become a millionaire? We talked yesterday about the plan of making $20 per week of extra money that you don't need, that you're not going to touch, and if you double that money just once a year, you will be a millionaire in 7 years. So, what we want to do is find a way to make $20 a week for free off the internet.

And I told you I was going to share how I earned 2.44 Bitcoin for free, and you can do the same thing.

There's a link down below this video, and you'll be able to find this post where I explain how I earn 2.44 Bitcoin for free, and you can do it too. It's a Cheesy headline, but it's true, and you can do it.

In tomorrow's video, I'm going to review a post I did a while ago, and I posted onto the data-driven investor on September 30th, where I picked out my best 10 cryptos for October.

I'm going to review those charts, and we'll see how did that actually turned out. Now, if you'd like to learn more about all the stuff I'm doing here.

And if you're a crypto influencer, if you want to be a crypto influencer, you can start out from nothing, and we will help you grow.

That's it for today's episode. I am super pumped about everything that's going on. If you haven't already, check out our Discord, check out the links down below, subscribe, hit the thumbs up, let me know what you like about this live stream and what you would like to see removed.

Thanks again, trade safe and keep those losses small.