Crypto Is Sinking | Buy The Dip Now Or Wait?

Crypto Is Sinking | Buy The Dip Now Or Wait?

Bitcoin is looking a bit weak the
altcoin market has been getting smashed
economic economic data has been
poor is it time to start looking for
dips or is it time to panic or is it
time to just go touch some grass and
wait a little while it’s chart of paloa
we do this on Monday at 3:30 p.m.
Eastern Standard Time largely I just
take your guys requests we look at a
bunch of charts figure it out together
let’s do it let’s go
[Music]
what is up everybody I Scott mker also
known as The Wolf of all Street before
we get started please subscribe to the
channel and hit that like button Murray
says he’s missing those days when Scott
milker hits with several copyright
strikes on his YouTube channel let’s
start with one now let’s
see I can’t hear it can you guys hear it
hear all right see I just gave you a
copyright strike probably just to start
my show because I’m that kind of guy
that kind of guy
right I literally forgot about those
until you mentioned it to be honest so
feeling uh
pretty good about the fact that I just
did that any anyways guys listen we got
this title crypto syncing buy the dip
now or wait or wait I’m going to be
honest for most things uh I’m thinking
probably wait for my superficial look at
the coins but once again we’re going to
take a look at them together and see
first of all I got the having Cycles
here on a monthly chart I want to
reiterate this I’ve told you guys this
before I’ve been saying it I got roasted
when I said that I thought we were just
going to get really boring for a while
and we can only go up guys because of
ETF flows and people only buy ETFs and
RI unlocks and ETFs and raas and IRAs
and uh BBC’s I don’t know man the
reality is you can’t just go straight up
forever and we had a lot of hype with
the ETFs and the having and what do we
expect after having now listen I throw
out the first having it was at
$12 right I don’t know why I’m freezing
again it’s really annoying when that
happens but I throw that one out because
it was $12 but let’s Che at the second
having and having three and having four
right look you had the having
here so annoying that I’m freezing
$642 right I mean I could close these
charts I don’t know some of these charts
just they glitch me out I hope you guys
can still hear me see if that one works
this having chart it’s the having chart
that’s the killer I don’t know why but
uh we got it right here having to we
went down slightly for 1 month two month
3 month four month five month you could
argue that it took about five months
four to five months after the having for
price to go up having was in July didn’t
go up till November the next having
price was around you know 8,000 9,000
somewhere in there it was still like sub
10,000 right here in October the having
was in
May oh up
right so like why is anyone surprised if
we now go sideways for four or five or
six months it’s because they don’t want
to see it I’m going to try to close this
chart and see if that brings me back to
life the having chart it’s the having
chart that freezes us Elizabeth Warren
doesn’t want you to know about the
having cycle someone wants to know uh
guys we’re very free form on Mondays for
those of you who are new
[Music]
got it all right okay now I’ve got two
stripes anyways look I’m moving again
it’s the having chart we can’t do the
having chart
anymore but uh yeah so look you know you
expect literally that we might just do
this for this long if you’re looking at
a daily chart I know something like
this I’ve been saying it I don’t know
that it’ll happen is anyone prepared for
this are
you are you guys ready for that because
I have to personally make myself
emotionally ready for that because that
could happen that could be a thing and
it’s not that exciting but taking a look
at trading Alpha on
bitcoin uh even on the daily here let’s
start at the weekly because weekly still
still got green dots still above the
track line gray dots in my case so
that’s good news not bad news right we
like that we like that but when we go
down to the Daily which is going to
freeze
me trading view freezing me up go down
to the Daily we are below the track line
now got a whole lot of red dots blue
dots in this case low volume chop gross
gross that did not stop me however from
taking a low leverage long this
morning on low time frames I do it every
once in a while every once in a while I
wake up I choose violence I see
something I like
uh and I just I just go for it and I got
in at
62,200 n right after that but that’s
literally irrelevant um but this is why
do you know why anyone want to guess why
we have clear it was right here and it
made another little bullish Divergence
it wasn’t quite oversold I tweeted it
when I did it I showed the
trade bullish Divergence with RSI over
oversold on the 4our chart I mean what
do you guys want it’s not the having
chart I’m freezing no matter what it’s
so annoying you guys can hear me
right still hear me terrible I don’t
know it never happens in the morning
seems to only happen when I do charts if
I like close everything it’ll work I
don’t know doesn’t work anyways to
totally wrecked might have to kill this
stream because it’s so ridiculous seeing
my Frozen face anyways guys what we have
here is very clear bullish Divergence
with RSI didn’t quite get to oversold
but I like it because we had oversold
bullish Divergence here I’m just going
to go to the full chart so I don’t have
to look at this perfect all right and we
never got to overbought at all so a
little bullish Divergence before going
all the way oversold is cool because I
expect us to get back to overbought now
I saw that happening and then I went
down to the one hour to see what was
popping there and we had this monster
sort of bullish Divergence for me like
just building building building I don’t
usually trade hour chart so I expect
this also to eventually get to
overbought that’s when I’ll start
looking for exits if we see bearish
Divergence but you can see we have
bullish Divergence no hidden bull uh
bearish Divergence we got lower highs on
price lower highs on RSI looking pretty
good for a nice little bounce but this
does not mean guys that I am remotely
trying to like ride this to a
100,000 right not a thing that I am
expecting I’m trying to keep it chill
and so yeah but you can see also today
as I mentioned before even though it’s a
little bounce on uh Bitcoin dominance
that shows you that alt are getting a
little bit wrecked right we had bullish
we had uh Bitcoin dominance hit its
highest point since I don’t know like
2021 um so yeah I don’t know I’m gonna
have to like stop doing charting streams
because I I freeze so much if I don’t
move the chart around it’s kind of okay
see look you can see me now you can see
me here here too priv move myself up
here if I wanted I can’t thought I could
I was going to try to do something cool
anyways as long as I don’t move the
chart it seems totally fine but you can
tell I mean I don’t use Bitcoin
dominance it it tells me what I already
know which is that altcoins are looking
a bit little bit bad right a little bit
bad but let’s go in here let’s take a
look at trading Alpha and we’ll start to
dig through a few things here if we take
a look one thing I do like that I find
interesting is ethereum Bitcoin pair
okay check this out
check this out daily on E Bitcoin
there’s just a list of a bunch of coins
but above the
trackline bottom signals right down
here right same thing we had on actually
the hourly that I was looking at on
bitcoin bottom signals right here for
eth first
Bitcoin and the dots finally after all
of this one gr dot in that entire cycle
has three gray dots in a row and is
testing the track line at support right
here
kind of liking ethereum Bitcoin right
here take a look at ethusd it looks a
little worse but still getting that b
we’ve stopped having the blue dots so
maybe we’ll start to get gray dots but
this is an ugly candle we definitely
want to get up above that and above the
track line but when I look at eth
BTC because I’m a glutton for punishment
and I hate uh fun and I like to get
tortured by assets that I
trade looks kind of good that looks kind
of good right there if you’re trading
ethereum against Bitcoin right and so
yeah I’m long Bitcoin right now and I’m
thinking that eth looks like it has a
potential opportunity to maybe do
something everything else as I was
clicking through these looks like a like
a steaming butthole right I mean soie
ugly dots bad say that’s all right uh
link ugly dots bad maybe a bottom signal
though some of these could be getting
reverse but hard to know they’re not
they haven’t given the signal yet I
would rather not buy the knife that’s
falling and also like volume and all
these is nothing I’d rather wait till I
start seeing these gray dots like that
eth BTC pair I mean salana looks like uh
just a hot bundle of uh doooo beans
wrapped in trash bags Bitcoin dominance
bullish total three looks like crap BNB
continues to look the strongest almost
of anything might be losing its dots
though Ada I mean like depressing xrp
don’t know
Litecoin steaming butthole I don’t know
man none of it looking that stupendous
uh Dez says Scott can we look at dxy
please we certainly can I’m sure my face
is going to freeze or something when I
try to load this but uh look still
moving oh oh uh dxy I know people are
saying it looks bearish kind of looks
bullish to me bullish until it retraces
maybe back to like 104 105 but we had
that nice breakout on
dxy it’s hard I mean okay here’s the
bare case I guess for dxy is
that
this you know coming off this top candle
here before that dump down that we at
strong resistance so I could see that if
you ignore this part like oh that line
doesn’t exist great if you do that it
looks like you’re going to come down to
104 listen long term I still think these
are lower highs maybe if that stays here
actually lower high we do have the
higher low but lower highs uh maybe it
just we’re going to see it tighten you
know like chartman charting Man Dan he
always talks about like these tightening
ranges like that would be something like
where it makes you know like lower
higher lows and lower high something and
could consolidates until we get a
breakout in either direction but for
right now you would think if Bitcoin was
inversely correlated to dxy like people
say it’s
not but if it was you would expect that
with this downward price action Bitcoin
would be going going up and that is not
what we have seen so I’m liking ethereum
on the Bitcoin pair and I like Bitcoin
here for a
scalp uh maybe you know we get up to
let’s see you know my stops are down
below these uh you know the track line
would be a nice Target somewhere in the
66 64 664 range 66 300 something like
that that’s what I’m trying to ride for
right now throw me your guys listen I’m
going to close these other charts
because uh trading view hates me see if
we can ride and throw me uh you know 10
minutes worth of request we’ll do that
and then we’re going to get out of here
right now though uh not saying it’s time
to buy the dip according to my systems
unless you’re seeing bullish Divergence
oversold which I did on bitcoin and I
liked buying that tip go ahead throw a
couple out there salana I think we just
kind of did right we did salana but uh
salana doesn’t look good man doesn’t
look good like this all a lot of these
looked like bearish consolidation as we
were saying last week and then kind of a
reverse move to the downside salana got
to be back up above like 160 for me to
get excited I bought some salana like
last week at like 147
148 averaging up slightly on a bigger
position not a big deal but I don’t love
what the price action has done since
then just taking whatever I see to whiff
come
on Whi uh dog whiff the Hat I mean
really hard to tell with this lack of
price action honestly this is on binance
is there somewhere that has
more history than
binance like maybe Mexi has a longer
history yeah slightly well that shows
how much it’s come
up uh I mean I would just be cautious on
whiff this looks Head and Shoulders Z
it’s not a head and shoulders yet but
you know you’re kind of looking at this
kind of thing you know generally here so
like you’re uh I think you’re you’re
really unhappy with whiff if you drop
below
195 till then you’re pretty safe uh you
don’t want to lose 195 but you can see
it starting to squeeze and the dots are
changing which uh starts to indicate
that you might see more downside on the
dog that is with uh the
Hat BX
please let’s take a look I’m a holder of
this uh uh imaginary internet money
token so my bias is to tell you it’s
going to go up I’m just kidding it’s not
true I do hold it but starting to get
bottom signals but the bees don’t really
work unless you start to see major
bullish engulfing candles afterwards you
know like here there it was invalidated
no candle got back above that candle no
candle is back above these candles where
the bees start to print as Wick will
show you on Wednesdays that doesn’t
really count time to start looking for
bottoms but it doesn’t mean one yet um
what I don’t like is this like gross
volume we’ve had since the bottoms right
price floated up and volume went down
that’s usually like a bare flag type
thing right so I’m not seeing anything
here to like I mean even if you zoom in
it’s giving you a short signal a squeeze
violated track line even the weeklys on
these now looking
bearish I I can’t uh see I’m not saying
they won’t bounce they could reverse
right now I’m not seeing any
confirmation or reason to believe that
in the charts in the in the bulk of
these
madic here’s another one to try to uh
fulfill my own bias one of my biggest
Holdings still refuses to move thank you
very
much move do something I want you do
something uh I mean look these I I I
can’t
lie these look like bearish
consolidation you except for the fact
that you did get some capitulation
volume at the bottom these look like
they’re floating up on descending volume
which usually means you get a break down
this makes me cautious not saying they
definitely will that’s what you’re
looking at on a chart like this is you
know you would
have okay basically just draw a trend
line here and if that breaks down uh oh
right now some could say that’s an
ascending triangle so it’s bullish but
you need to then get above these highs
around 76 cents so like I said just no
confirmation of anything that can make
you uh excited let’s put a little alarm
on that I bet we’ll get that going off
before the the end of the day just for
fun just for fun let me see what you
guys got down here Arrow I don’t even
know what that is sounds amazing though
I’ve given up on caring about what most
things are look at this on C coin no
history dude but that looks I mean
that’s a horrendous
chart I don’t know what that is I mean
it doesn’t have enough history like
maybe one of these other coinex like
what what even are
you is that a real
place what does that exchange I made it
up uh but yeah I mean this is break
these are breaking like all this support
here right you got a clear sell signal
you got a clear break below the track
line on the daily maybe you get a
reversal this is increasing volume on
the way
down I don’t know you do have support
down so I’ll if you want if you want to
feel like more better is about yourself
there’s a very clear area that you
should have gotten that balance break
below this you’re in all this cluster
it’s at support down here in the 90 80
90 cents region so okay maybe if you’re
just if you’re ignoring all the these
signals and you’re just like uh buying
you know resistance support I would
say draw something like this or down
here you know right before this move up
here and if you get that full move back
you can catch this in the you know 83
Cent region that’s catching a knife I
prefer at this point in my life to just
wait till I get some confirmations to
the upside and
whatever cast looking great as usual
let’s see if that’s
true see if we agree with
that is that
sarcasm serious or sarcasm flatty smacky
because I would say doesn’t look
great it’s fine I guess like aggressive
track line down which would probably
align with the Mas I’m imagining
uh yeah I mean broke this support here
and is currently testing it as
resistance right like if you were going
to draw a support from this entire thing
it would be right here and that’s
getting
rejected bottom candle did not get back
above that bottom candle so the B is
irrelevant did not break that high think
this
should come here this is where I would
start to look for interest on the
downside if not waiting for a break like
you know above and getting the dots on
the upside but so I don’t know 10 cents
is not bad 10 more percent down discount
right there that’s what I’d be looking
at uh on that
one uh please look at Bitcoin USD one
month up and
handle I’ll
bite I don’t I think cup and
handle I mean if you’re talking about
this being the cup yeah but the handle
then would probably come down into the
40,000 if we’re being honest right so
you usually get the cup then the handle
is like a bull flag so you’d be looking
for something down to like 50 Grand
maybe and then head up either way you
need to break above this kind of 70ish
region to confirm that but yes I mean
this is a nice looking cup if that’s
what we’re talking
about but yeah I’ll buy that doesn’t
matter unless it breaks above I’m foming
into h&t and loving it well that may
means we got to look at
that where’s the best history on h&t I I
wonder I don’t know just click no that’s
not
it where’s the best place to look at
this whatever thought h&t helium is oh
it’s we’re on the monthly chart
guys yeah that looks good on the daily
h&t looks great there you go found one
bottom signal see bullish engulfing
closed above the B if you guys don’t
know this is trading Alpha that I’m
looking at I should tell you it’s down
in the description if you guys want to
get this indicator there’s a huge
discount down there you type in like 25
off it’s the only place you can get 25%
off this is the indicator I use now
which is weird because I never used to
use
indicators uh but yeah I mean that looks
good you got the dots you’re way above
the track line track Line’s turning
green you had the bottom signal you have
huge volume huge volume on the reversal
that looks legit I’m on bit I have no
idea how much spot volume there is but
yes that actually looks delicious
render looks bad don’t tell wake I said
that but you know got your short signal
here your squeeze look toppy
dipping and you’ve kind of lost support
through here this would have been your
sport this level before the
bounce weekly has lost it gray dots I
mean all coins are by and large like
these are looking like
dooo lost Green Dots gray dots in my
case track lines red for the first time
literally since a buck
70 might if it breaks below that I would
start to get pretty worried that uh
render is going to get its nice big fat
correction
yeah best indicator
near looks great still on the
weekly track line zooming up green never
lost its dots these are there’s a couple
of these that are still strong near
looks way stronger than salana right now
don’t want to hear that uh people but it
does I don’t own it so whatever and that
looks kind of nice you had the breakout
retest little extra volume on the
breakout
there I mean you could do worse you want
to see this find a gray dot today but
you have a green track line now if it
breaks down here Wick or something 640
looks like a decent entry but near
looking pretty uh decent here this is an
obvious area of resistance right so this
whole Zone that actually looks better
than most if we are being honest do you
wake up at 3:33 a.m. no I wake up about
4 core that’s been highly
hyped uh this was up at like 4:30 this
is what I was looking I shared this by
the way I wasn’t saying this would
happen by the way I shared this in my
newsletter I said if we can get above
this is the important thing about
trading if we can get above 288 which we
didn’t it was here then I would start
looking for a trade it didn’t happen
nothing to pay attention to no reason to
even think about it isn’t that beautiful
you set up a plan and you only trade it
if the plan comes into effect pretty
sweet uh I actually am a holder of a bit
of this core and it’s uh dropping at the
moment not looking spectacular there but
looking really good on the weekly still
strong gray dots track line way below I
there’s nothing bearish about it I
wouldn’t sell it I just don’t know that
there’s an entry for buying it at this
exact particular exact definite exact
particular moment Rose what are
you
bad I mean these are at support right I
mean that’s where they bounce but yeah
it’s floating up on decreasing volume
and then dumping
down don’t see anything particularly
good
there uh didn’t we just do Caspa and
helium I see you guys recording here
Zeus I don’t even know if that’s a real
thing I feel like you’re trolling me
Digi bite what year is it let’s do
that I mean you’re getting the Bitcoin
pairs I love that kind of same track
line down red dots sorry to give you
guys bad news all I can do is take the
requests and I don’t know the listen
this could be the dead bottom but we
going need to see him get higher for us
to care at all sorry helium mobile I
already did it bro Zeus is real he
says I thought he was a deity look it’s
right there on okx look at that no price
action to look at but that looks
terrible you launched and then you
dumped
cool no dots there maybe we can go in on
a 4 Hour something doesn’t look great
but I’m not getting full history and
there’s not enough history to say it
looks bad but it doesn’t look good if
you’re looking at the chart right
now uh Ron I know that guy Ron
Jenkins BR my car once uh Ron Ronin
USD not
great damn this thing got back up to
450 270 now
a man yeah we got to get these back
above these track lines oh that’s a 4
Hour come on Amateur hour yeah I mean
resistance coming down bad Dot guys I’m
telling you
man I really I said it over a month ago
now when we were at the top in the 70s
and mem coins are going crazy I said I
don’t think we’re doing this for much
longer oh my God one inch as nobody
remembers I used to do this every chart
we would make fun of one inch and I
would make jokes like one inch I mean
wouldn’t you want to call it like two
inches eight inches if you really want
to go Big 12 I don’t
know but hilarious I went to this dinner
at um
went to this dinner at the Lou with with
my wife Emmy uh it was amazing we got a
private tour of the Lou and they sit us
at a table they starved us so we’re all
hangry sit us down at a table guy sits
next to me he says I said what he says
what’s your name I’m like Scott what’s
going on what do you do podcast I said
who are you he says I’m the founder of
one
inch and my amazing wife goes one inch
Scott used to make fun of the name of
that every sing single day on his show
and then the guy was like oh but we
named it one inch because Bruce Lee you
know if he punches you from one inch he
can go into the wall she was like yeah
that that’s basically I mean she implied
she like that that’s a that’s just a
small penis you know she said it to him
right to his face it was it was a
grand solid amazing moment I was it was
happy and then we had to then we didn’t
know that we would basically be sitting
there for two and a half hours and then
I right next to him um and um but he he
he took it in stride we laughed about it
the entire day it was really funny but
she yeah I mean right to his face the
second he sat down she like oh we we
make fun of that all the time um and
then I saw him in Dubai of course as
well uh guys we’re out of time 4 pm
Eastern Standard Time the requests say
chill chill um and honestly like call
it’s six inches it’s
average what’s it what’s average six six
Ines I’m going to call it 6 inch uh
that’s all I got for I’ll be back
obviously tomorrow morning 9:00 a.m.
eastern standard time one inch for the
win guys uh crypto is Sinking by the dip
now or wait I say wait till we get more
confirmation uh unless you’re long
Bitcoin like me and are feeling pretty
awesome that’s at 63,000 right now peace
let’s
[Music]
let’s go

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The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to “Buy,” “Sell,” or “Hold” an investment.