Good morning, everybody good morning xander good morning guys what a beautiful day it is to see bitcoin up to now well. 50. 000., pretty crazy um. I will say that the current move for bitcoin is very, very strong and very very bullish, in my opinion, won't be surprised to see that touching all-time highs.

To be completely honest, so there's still quite a bit of work there, but once we get through the the mean here, i think we're going to end up seeing bitcoin around 68 000 or well back to the previous all-time high so good morning, everybody good morning. We will take a look at the markets. We will take a look at the kryptos, maybe penny stocks, maybe not, and then to see where the day takes us um, as i mentioned before, i will not um not to be online for thursday or friday. All right awesome, i see a red day good morning, everyone, my boy, still trying to figure out how bitcoin works.

Yours truly um, no, i wouldn't say i'm trying to figure out how it works by uh by any means. Well, actually, you know what actually, yes, i am trying to figure it out. So if you would please take the time and enlighten me so that that way, i will forever know exactly how it works. So yes, anyways uh, once bitcoin goes through the mean you'll, probably end up, seeing it run towards the all-time high.

So please explain what else we need to know so we um we can make sure we have the best chance for our investment opportunities um. So from from what i understand most of what's going on in evergrand, shouldn't specifically affect us, but whenever it comes to big amounts of money like that, typically, there is some sort of ripple effect, but i don't know enough on it to really say for sure. If it is or isn't going to affect us, but from some of the stuff that you're reading most of it does say that it's not going to affect us. So that's where i've gathered uh some information from, but i haven't dug really deep into it.

Um but but my opinions were always no, it wouldn't have too much an effect on us. Uh amc we'll definitely take a look at today, but before we get to amc, just want to go back, um. First, look at the market, then we're gon na go over uh bitcoin uh, so you should expect that bitcoin's, probably gon na pull back. It's already started pulling back off its resistance.

So there's a good chance today is gon na have more of a little bearish move to start the day on, bitcoin was uh, my assumption, so right now on the spy, the resistance long target overnight so far. It appears this way. Uh was 431.92. We haven't quite gotten there so still a chance.

We can go up and tag it. Let me explain: yeah, that's that's pretty much what i think's gon na happen. I think the markets are gon na. Well, it's debatable explain why but anyways the spy has a long move up to 431.96.

But it's my belief this morning. The markets are more or less following the queues. You will see that the nasdaq bounced overnight back to its trend resistance at 3, 54. 65.

354. 65 was the previous support of the previous day. We broke through overnight. We've bounced back two.

So if the markets are meant to be long bias, we should get bought up and go through 350 465. If markets are meant to stay down, you would expect that the nasdaq would probably stay below 354.68 or the s. P. 500 should not be going back over 431.99 today.

So really the way that i'm going to watch the market is long. Biases start the day up. Two on the spy 431 91. Well, actually, i guess a better way of saying it is pretty much.

This is how my chart's going to look going into this day. So that's how my charts gon na look and basically i'm looking for the nasdaq to get bought up, hopefully break through this. If that happens at that point, i believe we'll be able to see um spy trying to target up to its target of 432.. Now, of course, we want to go up and through these prices, but for the time being, i feel like we should stay in line with the trend.

I don't have too great of selling signals and it's my belief that we'll see the markets increase up to 431.87 yada yada, so on so forth, so slightly watching things long to start the day, um and the reason i say that i'm not going to be bearish For now is because, if i want it to be bearish, it's typically going to be on a rejection off of this resistance here on the spy or it's a rejection on this resistance. Here of the nasdaq, which i feel like, we can just wait for the open to see what happens around these levels before determining being bearish. So, for the time being, i think more long bias myself is how i'm gon na watch the market um and we've come down close to the negative one deviation on the daily chart for the spy and um the nasdaq on this daily chart, yeah. So pretty much.

We sold down to what i found what i thought was going to be the downside targets. As far as i thought, we would move for now before doing a counter trend bounce. So i kind of think we can do that or we're soon to be doing a bounce move um, but everything's failed so far and a big bounce move will not occur on the s p. 500 until you get up in through 431.94.

So we have room up to resistance and a potential breakout through resistance. So right now i think it makes sense to trade up to the resistance trying to see if we can maybe shift momentum in the market uh and if we can't the market will. Let us know on the s p, 500 at 431.94 or the markets are going to. Let us know here pretty much very soon, whether whether or not the nasdaq can get through its resistance at 354..

So we already have a resistance started on the nasdaq 350 for 354.50. If that can break out, which it i don't see, why not we'll see, then i would anticipate that the market will then use the price target on the spy as its next target up, which is about 432, so yup, now, aside from that, the markets have been Moving down pretty bearishly um, i don't feel comfortable yet enough saying the markets are going to go through 432. I think right now i can just i think i can only predict up to 432 for right now. I don't think my skill set can allow me to say markets are going to go through 432 today and then keep running without at leasing some sort of pullback at that price.

Sandman, hello, yes and there's also a four there's a double bottom here on the spy and i've seen this a lot of times on the market. Bottoms i've seen a double bottom on the four hour, just like this um. Now this one's been trailing down and it's been failing a lot of bounces, so i feel as if it's going to struggle still and the bounce move isn't going to be a really quick knee-jerk back. I feel like it's going to be a very choppy grindy bounce back up myself, there's also this.

We now have a bullish divergence on the four-hour chart too. So from this low to this low. We now have up-trending momentum, okay, so this this new low put in by the market has done so with less momentum than the previous drop, at least on the s. P.

500. Let's check the nasdaq nasdaq does. But it's not i mean it's it's decent. I mean it's there, it is it.

Is you got this one, this low right here i mean if i pull this up a little more you'll see it yeah so from there, and then the momentum is uptrending as we've gone down into these lows. So we are up trending from this point to this point or these points, but this market here on the nasdaq has trended down new lows from here to here to here and those new lows are very min they're not really up trending all that much so i Don't put so anyways, it doesn't matter you're starting to see bullish divergence reversal signals i'm going to watch the market on the spy long right now up to a max price of 432 um, and the only way that happens is not the only way that that happens. But if i'm correct, that means the nasdaq will go through its resistance at 3, 54.. 50..

Okay. How can you get access to bitcoin through drink or swim, so you're not really getting access? It's the bitcoin futures is what you're looking at. So it's forward slash btc and then you can just analyze the price of bitcoin. If you would like all right so now we're going to be moving over to bitcoin um.

So, let's do that so um you'll remember the just. Yesterday i had mentioned bitcoin going up to the price of this white trend line. Um. I thought we were going to pull back.

We did pull back just not a lot. I thought we might pull back a little more before doing that um, but we've already pretty much started going up, so that's cool! You will see that we've almost gotten to that trend line that trend line is at 52 000. We've hit about 50 000 here um at the time. I don't know if i looked at the four-hour chart, but let me show you something that exists here on the four-hour chart.

If you look at the four-hour chart, you do have a plus one hour d or plus one deviation the four hour here at uh, 50 40.. It doesn't matter 50, 000, there's resistance. Basically so anyways you see the trend line right there, that's the reason you're getting like this red candle this morning, um on bitcoin or that's why you've been seeing a little bit of selling action, maybe over the past, uh, 15 minutes or so on. Bitcoin.

That's because the market ran into a plus four deviation. Four hour deviation, so we're pulling back a little bit. So a little selling here is expected, but i got ta say the daily chart looks very strong here. So part of me believes that this resistance here at 50, 000 and 483 isn't going to prevent us from going to 52 000..

I almost feel like this is going to just have a very slight pullback. Still after seeing the last like 24 30 hours of trading on it now, i kind of feel like we'll get through 50 500 and go to 50 263. we'll see. But, regardless of what i think um, we still do have a a resistance point right here, starting at 50 567 or something like that and that's.

Why we're starting to see a little bit of selling action, starting here on bitcoin this morning, on this top, specifically so going forward on the day for bitcoin, for it to go higher, it's obviously got to get through 50, 500 or whatever, and stay above that trading Price aside from that, in the short term, we are basically looking forward to get back to its statistical mean from there we're looking for the markets to get through its statistical mean on the year uh and then go from pretty much 52 000 to 67, 000 or 59. 000 at that point, so anywhere from 59 000 to 67 000 will be the new stretch that we look for so how the market did this. So when the market went from this here up to here, okay, that um that whole bullish move that took place from a solid trend line to a solid trend line. When we successfully break this trend line, the stretch move, we're going to look for will be from this trend line to that red line, and theoretically this one up there, okay, so um, just as you saw so let me go back a little bit so just as You saw how i drew trendline to here and then up to there right, that's because we have resistance that will be somewhere in this price point and it's going to change as time goes on all right, so think about that.

That's the same thing as this right. So move to here right have resistance and then move up again right so that middle spot right there that's the same thing as this. Let me do it well, sorry. I know i'm just drawing on the screen and having fun this morning.

You might be very confused, but so when bitcoin went from down here to there it had a pullback and then it moved up to there. So when we can break this trend, we expect bitcoin can stretch from here. Up to this spot maybe have a pullback and then maybe from that point break here, run to its all-time high at that point, um so yeah. Obviously markets don't work vertically like that, so that would be a very, very fast time horizon.

So i don't expect it to be like that. I hope it is though, but it will be something similar to that um crypto for dummies, any good yeah, it's not bad. You know i have actually been looking at snapchat too um. Part of me thinks that.

Well, i actually kind of still think this is a good buy in terms of just the company itself, because everyone still uses snapchat the way it seems, but all right when we look at the this is the 20-year weekly chart. So, starting from the 20-year weekly, we have a bearish divergence so from this top to this top there's a bearish divergence which signals a bearish move, we've already been moving. Bearish we've moved bearish from you know, 83 down to 69 when the divergence, actually the divergence started from there, so that is from here to there. So that's 45 to 83..

So that's a total of 37 could have a pullback all the way to there in the future uh anyways um. So there is a bearish divergence. That's occurred there three-year chart. Bearish divergence daily chart bearish divergence from there to four hour, not very prominent yeah.

So i still believe that snap will bottom with the market bottoming, which i think we're closer to doing so i think you're right, i think we're around the corner from the bottom um. I kind of think snapchat's going to break all the support you see here. All that support you're, seeing here here here, i feel like snapchat's, going to break that try and go down to 66 or so 67 and then actually bounce, maybe even down to like 64., so um. I don't think you could convince me yet that i would want to own this bottom or sure.

Maybe you do maybe you try to take on this price action support, but it's my belief that that's going to want to break and if you look to the left we have this big gap to fill in the market here and if the market breaks this support, Then and then it goes down to the deviation trends that i've talked about. That would almost fill that gap. So i'm going to extend those these two resist or support levels left, so we're gon na go left and then follow them left and look where they go to so. First, look where the daily chart deviation.

Is there okay, look at where the four hour chart deviation? Is here, these are the two price levels i was thinking we could get to, especially if we break through the support, the stop losses of all the people out here at the support would probably just naturally take the stock down here. So if market moves below here, all people buying this bottom or had then buying that biome bottom stop out their stop loss trigger cells will move the markets into 66.50 to 64.97. If we look left, there's a gap in the market to fill when we look at the daily chart, you'll see, there's this big gap in the market to fill from one of the last earnings reports which took place on 723.. If we use the price levels of the two deviation levels, i talked about move them left you'll, see that if the market goes down to those levels, we'll pretty much have filled most of the gap from that market um.

If it goes for a gap fill or like an entire gap fill that means the market would then go down to the price of 63.37, which is about a dollar per share, more lower than what i was saying, but anyways it doesn't even matter just yes, that's The analysis for snapchat wow, okay, rob h connor just wanted to thank you for all your help. I've been using the custom standard deviation channel for four months now, when i don't let fomo bite me, i've been averaging 80 of my trades very nice, my dude very nice. May i get your opinion on snap, so we did that one i'm just getting caught up. Just checked in with the thumbs up, because i already know thanks kay, i appreciate that xcne popped 15 to 34.

Yesterday, around 200 million commentaries offered an hour last night. It still hasn't reached or i'm sure um. So i remember yesterday x-e-n-e um, someone asked me if we should short it, and i don't remember exactly what i said, but it pretty much ended up just avoiding the stock. On the short yesterday i mean there was reasons why i just didn't think it was going to be easy.

I didn't know it was going to go up like this. I just thought that being short, wasn't going to be easy, so i avoided it um. So i don't! I don't think that this is going to be easy. Still.

I think if you try to short this and play around short bias, there you're just going to have a tough time um, why it just feels like a time when it's just not gon na be an easy short. I feel like it's too obvious right. I feel, like you woke up one day and a stock went from 15 to 30 or so or whatever then increased 100 overnight and everyone's like. Oh short, it that's what i think happened and obviously it didn't go down um and the next question is like well.

Why was it up 100 overnight? You know and and even that i think it had to do with some pharmaceutical stuff and drugs and people love their drugs. So i don't know it's just it's just one of those situations where you know it gapped up overnight. Good news: i just felt that the markets didn't want to sell off the news and it was just going to hold up and it did um. So i don't think it's necessarily one.

That's going to provide you an easy short ugh, i'm seeing a bounce off 433 on the spy at open back down to your 423. So you said you see: spy bounce off 433 and back down to your 423 level. Okay, okay, so you're saying a rejection! I'm just reading it differently than the way you wrote. It is different than i would say it, so i was kind of like confused.

I gotcha um, so i will say this about bitcoin right. So if you're someone who's been watching bitcoin um, so you guys know from last week i was buying some here um and i added more again it's my belief that this is still going to continue in this bull move um and that we're going to end up Breaking out of this this level, so if we think about - and this works for everything right so if we look at like spy um just really quickly right. So if you look at this trend, okay, if you look at this trend right, do you want to own it? After do you want to buy it after it breaks that white trend and buy it on the move up or do you want to buy it before it breaks the white trend? Do you want to buy it before it breaks a white trend before it breaks a white trend before it breaks a white trend, whitetron whitetron whitetron, or do you want to buy it after it breaks above the whitetron? Okay uh? You could look at this on. Just any stock for the day right so like this is just another time frame.

This is a different time frame for tesla. It's a daily chart. Did you want to buy it after it broke out of that trend, or you want to buy it before it breaks out of the trend, the white trend? And then you know, that's the the four-hour chart right. You want to buy it before the white trend or after it.

So then, when you go look at bitcoin, it's my belief: do you want to buy it, and this is the wrong time frame, not the wrong time, frame's a different one, but on this time frame let me go to do you want to buy it before the White line, or after so it's my belief once you cross through it, then you're going to have kind of a new bullish stretch, uh and then after you go on that run. That's when you have your next resistance top, so i would say it's you're already in the moments to be buying it. You know - maybe not very minuscule you'll have some movements on the bear side, but i think you already should be owning it for a bullish move. At this point i mean, after bitcoin, did not drop from here down to our last price target, and it did this pop move.

We then recommended being long bitcoin like here and here all the way up to here and then the last time we might should be log bitcoid was like right here here and and now i'm thinking we're gon na break here and we're gon na go to there. Eventually so hopefully it happens. I have no idea what i'm doing. I've never bought stock in my life or traded crypto.

So it's all just pure spec. At this point um i do a bit of both intraday and swing and long-term, invest. So a little bit of everything, one of my favorite things to trade um. I mean stock and cryptocurrency, not really cryptocurrency but stock, but most frequently stock, anything with high volume liquidity.

What do you think of gree fami in prague? I think gree, fami and prague are all maybe wall street bets meme pump stocks, so just watch for him to break out of standard deviations um. I know prague had a big sell-off like yesterday um. That was right at the standard deviation level. I believe i can't remember for sure um.

I remember we looked at prague like two days ago and i think i said it was that yeah there you go so look at this chart. So the first day we looked at prague, it was here - and i said, um actually, you know what i think it was fami, never mind. It was spammy, not prague, prague, i don't remember actually looking at, but i have levels on my chart. So clearly we looked at it um, but anyways i mean.

Nonetheless, you can see prague ended up, hitting its trend, resistance here and selling off and it sold off. I mean probably down to another trend, support right for now. There's! No! When we look here, it doesn't look like prog sold off to support on any of at least for yet right and if we go to the daily chart it may have. If we go to the daily chart, there is um yeah, there's really nothing there.

So um this to me, it seems that we haven't actually hit trend support on this sell-off, so this could still trend down to maybe a dollar 25 or something like that. Um fami that hit resistance, but i'm still holding up. So what you're looking at for fami is pretty much. You want to be long on this trend right.

If you think fami is going to explode, then you want to buy the dip. You want to be long off this trend, meaning if this is going to go higher like this and it's you're going to see one of these big gigantic ripper magooshers. Then you're gon na support right here at 32 cents and you're not going to break below it and you're going to have the absolute low of the pullback before the ripper magoo. Generally speaking, so that's what you would want to do if you wanted to be long.

This in this dip you'd be trying to get long specifically off of this price. This trend right here you will see that that price probably touched pretty yeah, so you can see that this price already touched right there. So if you thought that prague, when it exploded and was pulling back, was gon na go through a dip and then it was gon na go through a rip that right there was your entry point. If you buy it today, thinking it's gon na rip, you run the risk of it not and breaking down back to where that same level right.

So this is always why i emphasize the importance of having the first attempt move this right here that green arrow. That was the first attempt at support after the stock pulled back okay, this up here. This was first attempt at resistance. The screen, arrow, okay, look it! So market runs up hits resistance for the first time sells off market then pulls all the way back to support for the first time after kind of this breakup move, look at the bounce - okay, currently you're, not on really anything long term right, you're, not on any Long term levels, so this is a situation where you would be like yeah.

If the market breaks through the previous price action of the previous day, then we're probably going to break down and then we'll break down from 36 cents to the actual support which is 32.. If we could actually break out legitimately through resistance through the previous price action, then yeah we might squeeze up to here right and the reason that that kind of happens is because i would say myself and most others don't always interact at the most ideal times. In the market and we'll get in maybe like right here or we might get in like here thinking it's going to break up, or maybe we buy a dip here whatever and all of a sudden. Now, there's a bunch of volume that gets trapped in this consolidation and then the market makers use the stop loss of either the short sellers to rip it up or the stop loss of the long bias traders to rip it down and only those that have.

Ideally, the best entry, which is either first attempt on resistance, will be okay in the event that the market does squeeze up okay. So if the market were to squeeze up today - and you were short at 53 cents, it would probably squeeze from here back to 53 cents. So you would have all day to be like yeah, i'm going to take it off right. If you were long and then the market chose to break down to support and or further right on, fami today hold on right um, if you yeah, so then it traps a bunch of volume in here and everybody who stops out on the long.

Then the market runs down to here right. So it's it's! When you involve yourself in the middle of a move that your volume is then used to either break the stock in one way or the other everyone. You know that, right when volume or sorry when consolidation ends and it breaks it goes one way or the other. Well, it's it's really.

Whatever volume gets trapped and or i guess you could say, whoever has the most amount of volume, whether it's on the bare side or the bull side generally like loses right. If there's too many shorts, then we break resistance and it rips right or there's too many people in the long it seems like um or let me let me explain that market there's a lot of selling pressure comes down and it stops. Everyone out creates more selling pressure um. So that's generally how i found the markets work right, so in terms of risk right, if you were to go long here, you have no idea right.

If you went long when the market came down here, you had no idea that it was going to pop, like that. You had no idea when you went short the market at 53 cents. You had no idea, it was gon na fall right away or that it was going to drop pop up then drop then go up like this high, then drop then do this then drop right. You didn't know all of that.

You just know that this price point can be a very low risk entry point. Okay, so take the risk, so you enter short from there. It's your belief. Within this current system, i'm showing you it's then your belief that when this happens, markets are going to move from the major resistance to the major support.

So you could have almost just done this just took once you entered short you pretty much. Just did this um hold on black, oh, they keep the candles on there that sucks. I was gon na black this all out, so you could almost just think. There's a white patch over the screen and you can't even see any candles.

So your entries here, your exits down here somewhere so entry exit, that's where you're going to want to cover everything in between doesn't matter. Theoretically, because it's your belief, you're supposed to go from the major red line here to the next major red line, okay and so then, when it gets to this red line, you could cover your short or you enter long, because it's a first attempt at breaking support. If this market's meant to continue trending up higher in the next couple days, this is probably the price point at which the market would bottom now, if the market is not meant to continue going higher, this is then going to be the support that has to be Broken for the markets to trend downwards, you end up going in right. As you enter this low risk spot market, then pops up, you don't even care if it breaks up or breaks down, because you have all the way down to here before theoretically, you're, even taking a loss or if you bought in this sort of consolidation.

Bottom, you still can let support from the previous day break before you even get a loss, theoretically, um. So that's kind of the way way. I look at markets and visualize them. There's always there's only a very, very minimal spot that you're able to enter the markets for very low risk opportunity, in my opinion, um.

I know others are going to look at a little differently, but generally speaking from, i guess, i'm teaching more swing trading here than day trading, but i've just come to find that the great swing trade entries end up being the best day. Trade entries too so uh to me it's you know it's really all the same um. You know you put a you put a helmet on to ride a bicycle and a motorcycle right. So, ideally you you have to do the same thing um before getting on both right, so to me to do a good day trade and to do a good swing trade.

The entries are really the same as what i've come to find. It seems like myself anyways, so that's fami. I know we hammered that one out, but that right there is not specific to fami that's specific to every stock. So what i just showed you there applies to everything that we look at.

Oh wait. No, we can't go further because i kind of want to finish well now that i've started. We have to go further. So now, let's do like uh hold on.

Let me think um yeah four hours, uh yeah, four trip all right, one. Second, okay! So, okay! I was like wait: the market didn't go down there and those are my own candles um. Okay, so we have yes, so let's say um you thought market was gon na bottom here and it was gon na go back up to this level like we had talked about earlier. So you think that's gon na happen.

So if you thought that that can happen, the max profit potential of that move, oh, but realistically, oh, but did that even touch support? No, it didn't touch support, so i'm teaching! Oh no! This is i'm getting the other one mixed up. That was the other one. We just looked at okay, all right, sorry, i'm getting back on track here. So there's that and just below it we have this.

So this is this. Is i'm going to teach you about as intricate? I think you can get with risk and stops and this and that for trading stock, specifically um, so i'm gon na delete this red one here. I'm gon na delete this one. We're gon na delete this green one because it's kind of convincing, like it's almost made that move so um yeah, so you're gon na say that entry is still the same down here on that red line.

You're going to say that the max move for now is back up to this yellow trend line. That would be a gain of 52 percent or an increase of 17 cents, we'll say 18 cents, because that'll just make my life easier. So say it was a gain of 18 cents. Okay, so let's see i don't know, but let's zoom in and let's figure out, what's the distance or how what's the price difference from where we determine the support being of 32 cents.

So, on the first attempt down, we say this is the low risk entry at 32 cents. We then say max profit target for now is from 32 cents back to 50 cents. So then what is the risk? So if we can make 18 cents - and we do a one to two - then that means we could risk nine cents on this chart. If we go down, we see we do have a trending half deviation, support it comes into play at 27 cents.

So, what's the difference of this trending half deviation, support from the statistical mean support, that's 33 cents to 27, so it's roughly five wait: 27, 6 to 32, so roughly five six cents give or take right now. That is, if you specifically entered right at that red line when it got there, chances are you're, probably not going to get your entire fill there. So, let's just say instead of entering at 32 you're, probably going to be entering somewhere at 34 because of spread market makers, volatility volume, everything baked in right, you're, probably gon na get filled somewhere around 34, maybe even 35.. So let's calculate from 35 down to that.

Half deviation here from 35 cents down to 27 cents now you're at about 8 cents, 7.5 close to that 9 cent risk level. So in this situation, if you were getting long as suggested, your risk should basically be down to this statistical deviation slightly below, depending on where your entry was. If your entry was in the 35 to 36 cents, then your risk really should be the deviation. If your entry was 32 to 33, then your risk could be that deviation slightly below, because you have a little bit more leeway.

Given your exact entry point um, and that is how you would trade a one to two potential risk to reward ratio, trade and then the other thing is if your entry was in fact down here. This is the the beautiful part about it is when you are in on the first attempt move, there's generally enough volume and participation on the first attempt move of any market that at least provides a bullish move or, if you are short in that case, a bearish Move that favors your first initial bias to the point where you're either profitable or it's a very, very minimal loss right. So, in this case, even if it started to roll down you're like oh, it's not going to work, you could still be green, break even tiny loss, and you don't even have to let it stop. You out see here's.

The problem is, if you don't enter here right on the bottom and you enter in here, then you go. Okay. Support is here which, yes, what if it just came down to here and then bounced and came back up and you stop out right. So that's the other thing is you'd have to accept the loss, all the way down to support.

If you don't enter on support, that's support right. So you either wait for it to come back down and then you hope it's a double bottom and goes back up. Because if you buy here and it's not a double bottom, then it breaks and you lose right. If you buy in here and it is going to go to here and go back up well, then you have to wait through the whole loss.

But if you know where support can be on first attempt, then you can be the one that helps start support in this case and then you don't have to worry about all the stuff. We just said now it's very hard to get to that point and even i struggle from time to time actually all the time, but i just a tad bit better than most when it comes to trying to find those points um. So if you can get in like that, your trading should be pretty simple, pretty easy, and as long as your risk is maintained, you should do okay, um yeah, guys just an fyi. If you've ever gotten the custom deviation system from our site.

We always do some updates periodically so, like you could be running a very old version, we're on our sixth version, we're on volume. Six now so um. If you have it check your system, if you're running anything, then volume six it'll be then you're off and it won't say, volume, six it'll, probably say v6 in your script headline title study, so we'll say: v6, that's the one you you should be running. You don't have to run that one you can run whatever version you want, but the newest updated one is v6 um.

Yeah ian ian says a really good thing, so everybody regarding x, e and e, they did an offering it didn't, go down. So, generally speaking, most times offerings negatively affect now i don't want to say that you actually yes gosh just i just can never say one thing without wanting to teach a whole novel most times, offerings are bad and the reason i say that is because most of The times you probably see offerings on penny stocks and you probably most commonly see them crash, so your brain is wired to think offering is bad, bad, bad, bad thing, but really an offering is an offering. Sometimes they can be good right. It can be great like what, if i offered you a million dollars and you don't have to do anything for it or like a stimulus check, i give you free money, you do nothing well, except we shut down your business and lock you in your house.

So we pay you for something, but really you do nothing and get free money. It's kind of a good offer right. A lot of people would would take that, and a lot of people did so an offering can be a good thing, but an offering can also be a bad thing right, offering someone something that isn't going to help them is a bad offering. So, in this case, the offering was bought up when an offering is bought up or when you see a stock go through an offering and there really isn't a negative effect.

Excuse me a negative effect on the stock. Generally, that's a good sign so in offering one coming from a company, it's a publicly traded company, they're generally going to be offering shares to investors or people to purchase and upon purchasing they're going to raise capital raise money. That money could then be used to do all sorts of things, um throw big strippers with uh or throw big parties with strippers in new york, with mountains of cocaine and bottles of booze, or it could be used to further develop the company um. You know for the future anything right so you're, hoping that that money is spent wisely and helps grow the company um and if it doesn't, then the next time they do an offering it's probably going to have a negative effect on the stock.

So if we raise 20 million dollars and all of a sudden, you guys find that we spend it on strippers and cocaine, then the next time we do an offering the market will be less receptive to our offering because well we spent it on strippers of cocaine. So unless you were there to do it with us, then you probably aren't going to be um too joyful about our next offering so with that being said, um when markets buy up offerings is generally a good thing when they sell them down. Obviously, a bad thing they most often times are bad when it comes to penny stocks, because a lot of times penny stocks are struggling, may not have the most money and capital to keep going so a lot of times an offering is used to really maintain the Company and so on so forth, all right so over to cei. So i want to talk about cei really quickly.

This is a stock that i'm already short been short from yesterday um i took a short like up here somewhere. Let me see i got short here. So i got short, there went against me a little bit held it um and now we're here so um it's my belief. This is gon na go down, so i'm just holding bearish um.

I did a video on it last night. Really wasn't all that detailed um! You know because i'm trying to make short youtube videos, but i just talk too much uh and i don't edit things which i know i know i'm working on that but um anyways. I do believe this is gon na try to go down um i mean it's pretty straightforward right. It's overbought! It's been on a run.

It's a battle of shorts versus wall street bats, yolos, zack morris, i mean whomever whoever, but who cares market up market down? There's a head and shoulders pattern right now that i and probably a bunch of people are trading bearish into i'll show it to you it's kind of easier to see on maybe a 10-day chart. So if you're looking on a 10-day chart um i mean it's my belief that i, what i hope it does this, so i think this is really the pattern. I think that's what the outcome is going to be. I could be totally wrong.

I've been wrong about head and shoulders patterns in the past, but um. I do see one and i took my short on that green arrow. So that's where my entry was on the green arrow, um and um. This would be a perfect time to explain.

That's how um, i believe, you're supposed to trade head and shoulders that way. Uh the textbooks would usually tell you that, like today, if this starts to break below. So this is what the textbooks would say. The textbooks would say if today, uh cei comes down and it breaks below all of the support, which would be this low.

Let's zoom in a bit would be this low. This low this low, and these lows then you're supposed to go short here. Um. That's the way most textbooks are going to be teaching it.

I believe you're supposed to be shorting up here with the anticipation it's supposed to break down here, so that you don't have to add selling pressure to the market. Here you can, let others do that and they make the win for you kind of thing. The other reason is because you know when stocks break significant, supports, there's a lot of volatility and volume that all picks up at that moment in time, because at that moment in time it becomes very obvious. So, the more obvious it is, the more market participation.

The more market, participation, volume and volatility generally creates a wider spread, which means worse, fills wider spreads mean stocks, can move faster up or down which provides smaller windows of opportunity or moments in time for you to interact with the market to get fills at prices, you Want to get filled so if we were to go short there at 280, with a bunch of volume of volatility, the stock could shift from 280 to 260 to 250 very quickly where you, instead of getting a fill at 280 you're getting a fill at 275. 270S. 260S, etc, etc, etc, etc. And then, if the profit potential is only down from, you know the 280s to say a dollar eighty right, if you don't get filled at 280, you get filled then you're only getting 80 cents, etcetera, etcetera, etcetera.

The list goes on um, so it's all just first come first serve kind of thing, um in it's, my belief that when it comes to a head and shoulders pattern, you're supposed to trade off the left, shoulder the books will say you're supposed to wait for the Neckline to be broken, the reason that you're supposed to wait for the neckline to be broken is because that's your confirmation right once once you break the neckline you're breaking support, that's where the stop losses are going to happen. That's where the selling activity is going to happen and and that's where the head and shoulders patter can can fade out. So that's where you're supposed to enter um right and the the textbooks say that this is what head and shoulder pattern. Do they go up? They put a little left shoulder head right, shoulder down um.

So if that's the case, then why don't we enter short on the resistance? Why do we enter short at supports right? You don't know it's a support. You don't know it to support breaks until support breaks until support breaks at support right. What so, why do? Why, wouldn't you be entering short at resistance? So that's why i'm confused about why it's taught the way it's taught and then secondly, um the other thing right. Think about it like this um and i believe it's been a long time, but i'm pretty positive when uh when they teach you the head and shoulders pattern.

I think they teach you that this is supposed to. I could be wrong about this because it's been so long since i learned the way that it's taught in a textbook, and i just listened to myself - i'm pretty sure they teach you to stop out at 362.. I could be wrong about that, but i'm pretty sure that when you short the break down here, they say your stop. Loss is supposed to be the shoulder.

I could be wrong about that, but if that's a way that it is taught, i'm pretty sure they do it that way, but anyways, if you did and you short for the breakdown. That means your risk is from 277 up to 360.. So you have about a dollar risk for a dollar reward that doesn't even make sense, okay, um and then let it doesn't even matter so regardless. If you short here and you're wrong, then what's your stop out over the previous high.

So, what's your risk here, like 10 15 20 cents as opposed to a dollar right? What, if you short for the breakdown it doesn't break down and then it squeezes up? Well, then, you just lose same as if you would have shorted the resistance you just lost. So that's the other thing, it's just very, very odd um. So it's my belief, you're supposed to short the the right shoulder and then, as the market breaks down and everybody else sells when it gets down to here, you, you buy back your short into their selling action and then you would actually look for maybe a bounce Trade around the dollar - ninety, so everyone's selling down you're kind of looking for a little bounce move. Anyways.

There's that i got ta start a meeting here, almost forgot hmm here we go: hmm, hmm, okay, yeah! So there's going to be a bunch of comments that i haven't gotten to so uh. How do you get the deviations boiler room trading, dot com links are in the description below. So i guess last thing i will touch on with cei is pretty much that so so again, i am bearish and we're looking for the market to break down this previous support or previous price action level. Okay, um, there are short sellers that have been trapped in this move and their objective is to go below this area.

If we can't get the markets below here, then we will end up doing one of those. So that is what you're watching for right now you're watching for the breakdown or you're watching for me and whomever else, that's short, be wrong and the market squeeze out. So that's basically what's happening right now, so i went short again here covered a little um and now as covered as we've gone into what can be a support level and now holding the rest, for hopefully the bigger breakdown and if it fails and it doesn't then Okay, um: that's why i'd rather be bearish here than trying to sell down to get it to break down, because then, if it doesn't you're getting squeezed right back up, you know kind of thing potentially sava. I haven't seen sama in a while since yesterday.

So it's not a while, but you know uh matt. Why would that be the bottom there's? Oh, maybe all right, i will move over to isabel shabashaba. Oh no saw got ta say i did say it looked good the other day. Clearly i was wrong, but the good news.

Well, that's not really good news, i guess, isn't it so uh we can cover it um. So the last thing that we talked about - or i talked about on sava - was the buying volume. Well, not necessarily well yeah parts of that as we were going down, the selling volume stepped away and it was this day so on this day, specifically, we started to see what could have been buying volume coming in or was it this day? I'm pretty sure it's this day, no yeah. I think it was that day.

Wait was it this day hard to tell no. I think it was that day because it started up. Then it came down up came down. So i think it was this day we're talking about sava, having some buying volume coming in from the bottom of this day, uh in this day, looking for it to hold support and continue trending that direction.

That was kind of our hope right. So if we go back to sava, you will see that what it ends up now you can't it's not the same anymore, but pretty much two days ago, this yellow trend line was like this and not yesterday, but the day before you broke support, so our recommendation Was to watch sava as long as you're holding over the support. You would stay on the up in the immediate and if you shift momentum below the deviation, you would start to go bearish, and you know this so these wicks that wick, you see. Let me zoom in this wick and that wick on those candles were the support of that yellow trend, and this big red candle on that day was the break of that yellow trend.

Snapping all the way down to here and since then the trend has gone down because the market has gone down so right now i don't think you're on support dip buys right and even there you can see from here's the daily chart, one the daily chart candle Broke yesterday right so as long as you're over support, it was okay to hold you've kind of broken that support around. I don't call it 62-ish or maybe 60-ish so um yeah, i mean that's. I don't so that's about it. I think the the sell signal for this bullish move we're in occurred there, and we were bullish from this day to here this day, like here to here here sold then this day.

I think i closed everything and told you guys that um then we recommended this would be the break of support and now we're here. So i don't think it's quite ready for a dip buy or anything like that. Just yet. Actually, maybe i think you still watch it.

I think you do still watch it and pretty much just because it's all the way down here, so i think you're still watching it bullishly. I don't think you're watching the stock. Like super bearish, i think you do continue to watch this thing. Bullish looking for higher lows and dip buys to still bring us up to the long term.

Statistical mean at some point in the future. Uh rob yeah, so you get lifetime updates yeah for the day trading course. The volume system gap finder system uh any scripted system we offer from the website. You always get lifetime access and updates for all the scripts.

Generally, we send out emails when we update it, but we don't emails, don't reach everyone because you have to pay to send emails, so we don't send emails to people who don't open emails based on like a time frame. So there's many occurrences where people go. I don't get emails like yeah. Well, you didn't open an email from us for like a year, so it's like.

What do we do there? No point of keep spending if you're never going to open it. So that's the situation we run into so periodically. Checking in is also a good thing to do. Uh do i have an editor? No, i do not have an editor.

I am in the process of looking for someone to be in full-time editor for me. So if you do full-time editing or are a video editor and would like to maybe be willing to take on the task feel free to email me, i will post my business email here. Please don't email me with crazyspam. Okay, thank you mark it going down again soon.

I read somewhere that head and shoulder pen statistically works out better than any other pattern, not sure uh. Actually, yes, um the head and shoulders pattern is statistically the most profitable pattern. I think i think that's the case. Uh that it is the most profitable pattern even but i read that and then i read contradictory arguments from the same source.

So then i became confused confuzzled, so i don't know what to believe anymore. I've really only i've come to one conclusion. The only way to make money in the stock market is by uh max leverage on out of the money call options. I don't think there's really any other way to do it.

Buying call option when implied volatility is its highest with the options expiring the same week. I don't, i think, that's probably the only way to make money for sure, um, hey man, good luck, i'll be back going to check out the coin. Geek conference best of luck today, yes, chris um, find out what they pumping next um. I think a setup that you do continue to watch is cei.

Um, like i said, we're kind of battling it right now. Still um markets are still pretty strong here. There's still good momentum, and if this doesn't break down, if this doesn't break down on this go at it, then this definitely can do like a new squeeze move off the top, and then i would imagine that's going to be the one that really brings it down. So anyways we're still watching both long and short, i'm just short right now, but i'm willing to be long biases only if i've come to the conclusion they're forcing another short squeeze on this play.

So do i ever trade sq. I know i mean i used to trade, something like this in the past. I don't remember if it was this, though sqq oh yeah, the bearish yeah, so i mean i have traded these in the past, inverse related etfs, they're, leveraged, etfs, um, but yeah i mean i've traded them in the past, um they're great, when the markets are going Down they're, terrible and they're, not or they're good, when implied volatility is up or volatility in the market and the vix is up, but aside from that, they can be um so like yeah. This is a great like look at this right, so watch, just as we believe the nasdaq is coming into watch this, just as we believe the nasdaq is coming into support levels on the daily chart at 348, you will see on sqq.

Sqq is about to run into four hour resistance right, so sqq has moved all the way up to its 4r resistance. So really i want to be looking for a dip by here. I really do so.