Market News, Technical Analysis – Crypto & Bitcoin Mining Stocks

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CHAPTERS

NEWS 0:00
GOLD XAU/USD 02:20
NASDAQ100 07:16
US30 11:18
EUR/USD 15:50
BITCOIN 20:08
XRP 21:54
Basic Attention Token 24:05ARGO BLOCK CHIAN 26:19
Clean Spark 29:08

In this video I am covering the news events for the week as well as the main pairs that we trade& Invest in which are NAS100, CAD/JPY, XRPUSD

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What is up bat family here we are on our weekly Zoom call this week we’re covering the medium to high impact news for the market this week as well as covering the analysis on our trading Pairs and we’ll be going over some of our cryptocurrency investments as well

As stock pairs that we’re looking at so to start things off we’re going to be looking at the news on Monday we can see that at Asia open we have monetary policy meeting minutes for the Australian dollar Tuesday during New York session we have consumer price index for the Canadian dollar pre- New

York 5:30 a.m. Wednesday we have fomc meeting minutes high impact news for the US dollar during the middle of New York session Thursday there’s a wider range of medium to high impact news all session long from start of blondon session all the way through New York session you can see there’s high impact

News for the Euro high impact news for GBP following high medium impact news for the Canadian dollar unemployment claims for USD during pre New York session and then following flash flash manufacturing purchasing managers index later during New York session right after the 15 minutes into the open let’s look at Daily effects real

Quick yeah you can see the same thing Reserve Bank of Australia beating minutes that’s about the only big news going on on Monday Tuesday core inflation rates for Canadian dollar Wednesday FC Thursday Hamburg Commercial Bank manufacturing purchasing managers index high impact news core inflation rates for the Euro

That was mentioned in on Forex Factory see GDP for Mexico and then European Central Bank monetary policy meeting minutes this is during the crossover pre pre- New York session GDP for Germany pre- London open on Friday Thursday evening and then pulling unemployment rates ultimately we have a busy week

With lots of high impact news and should be another fairly volatile week so first things first let’s start with gold gold had a crazy move during CPI on Wednesday as you can see it just absolutely melted for a whopping $30 and actually fell even more than

That to pass beyond 1990 so total of a 40 plus dollar movement here on gold which is absolutely insane in a single day those market conditions were wild so now let’s go over the analysis and what to expect for the upcoming week and where price is headed now after this

Move has happened so if we can examine price here we can see that this level of support was broken and then this massive selloff occurred this level up demand to not hold you can see here one second here my rabbit is a little needy bun and keeps running

Around all right so picking up where we left off here you can see strong bullish candle look like price rejected this broken level of support try to act as resistance then ultimately created a higher low point right here and extended further we go to the right hand side we

Go to the weekly time frame major rejection candle tupped right into the higher time frame level up demand nearly the previous month’s low but not quite you can see we nearly tapped into it on the swick could adjust the sum and it would accurately reflect Lona mesh good

Morning to you well well I don’t think it’s morning for you right now but it’s morning for me but yeah happy Sunday to you right now we’re going over gold and seeing what the next move is As on Wednesday it melted $40 a little over 40 you see the weekly major Wick rejection

Here we may or may not have hit the bottom we need to go zoom out a little more onto the monthly time frame looks like we’re still bearish that we are just retracing right now if we go to the left hand side to the 12h hour time frame same

Thing looks like we’re just retracing and retesting this area of previous support where the move started and looks like we may continue lower there’s a strong area of Supply right here where the move started from ultimately for gold we still may have another leg up so we could see 2030 once

Again if price breaks above this point here at 2015 2016 if price fails to break above that level of resistance currently and we pick up off last week I mean and you can see on the weekly time frame that if price does break above this area of

Supply right here is looking like a clean area for a wick rejection on the higher time frame but if we do break above that Weekly point at 2030 then price May extend all the way back up to 2050 actually 2030 2040 and then possibly 2050 as this is a

Major area of liquidity now at the 20 37 2040 price range this whole area here if we break above that point then 2050 2060 is definitely in the cards but for now though I would expect to or anticipate a continuation there could be some type of retracement to start the week possibly hit

2005 maybe even go to 2,000 and then could see a move up before seeing the move down but there’s this level of Demand right here where price could easily just end up breaking past this point tapping into then extending higher yeah it does look like it wants to pull back

Some but ultimately yeah still looking to extend up to possibly 2030 just looks very clear next we’re going to look at the NASDAQ NASDAQ finally had its bearish retracements and did not break above its all-time high that it made we did not extend further last week we opened a little bit

Higher than or we had closed so we did make a technically new all-time high we did hit the 1 1800 price range a little bit above it this trend line that was previously here has been broken it acted basically as a magnet for price as you can see it

Just came down and broke through and now looks like it retested and wants to continue its bearish bearish price action so if we remove some of these zones here we can get a better idea what’s going to happen next yeah this looks very clean we look like we’re going to start

Heading down to 175 which is a 160 Point move from where the price closed last week and then possibly this monthly low down here at 172 some very strong bearish candles go to the monthly on the right yeah we didn’t open with the wick from what I

Recall yeah this is the monthly candle we just opened bullish we may end up breaking this point and end up tapping to this lower level down here at 170 possibly and then flip back all based on the monthly time frame if we go to the Daily you can see strong

Bearish candle close literally looks like a bearish continuation we have a possible entry point here based off the daily time frame we could get a retest right in this area here which would be area of Supply on the 4our time frame on the previous candle may be able to get some type of

Entry in this area here could even go a little bit higher up to the 1789 just based on the 12h hour time frame we have two potential areas that we could potentially enter on this point here up 1780 up to 1785 almost so we could see something as such pull back

Here continuation down to this where the wick is at least fill to this point at the W sub at five and then possibly extend lower could see that or if price wants to go a little bit higher tap right into here the big wick and then reverse and start going lower

And down to 175 still ultimately we are looking have a very clean move here and if we remove this and put a short position tool here you see that the risk potential risk reward on this trade is pretty substantial you’ll see that it’s a 2: one or possibly a three R depending

Where you enter and where your takeprofit points are 2 R 2.5 up to a potentially sixr you know depending where stop loss and entry is and where take profit is but this is overall really good setup looks very clean you can clearly see sellers are in control currently next let’s look at

Us30 us30 made a new all-time high I’ve not looked at this since last week or maybe even two weeks ago us30 kind of telling a similar story we tapped into that price range at almost at 390 but we didn’t quite reach but we did tap into that overall

Projected price point as you can see let’s move that we have a nice little retest area possibly right with the zone is to start off the week 3865 possibly can see a good little trade like this maybe right it to here 384 this could be a 100 100 Point move maybe

Even maybe in almost 300 depending where it wants to go and how much volume there is this doesn’t look too bad though so looks like it just wants to drive lower on the open so we could see this price point here right in the middle of the

Risk reward tool 3845 and the possibly lower down to 3825 area on the daily time frame we just have the start of a bearish push so we would really need to keep this high in attacked otherwise it’s just going to break above and break the all-time high uh

Yep yeah definitely is against the trend but I think it may open bearish to start the week weekly though yeah lots of projection and indecision yeah definitely it is against the trend price could just fail to make a new low come down like that keep driving up

Try and get more sellers in and then end up extending to make its full full run up to the 4 price range potentially monthly time frame still bullish yeah looking different than what the NASDAQ is currently looking like 12h hour bearish though yeah it is pretty extended and based on where it’s

At and based how the candles are just bearish like this they’re not the NASDAQ had really strong bearish candles us30 this isn’t quite as convincing cuz us30 does a lot of wild things but we did close pretty strong with no Wick rejection on the 4

Hour but on the 12 hour these past this past daily candle did not take out the past previous daily candle may be the start though as I was saying to the bearish move it just need to maintain this area and then drive lower but ultimately I would say we’re going to open

Bearish yeah this middle point though the 3845 area is probably a safe point to get out and then reeval reevaluate what’s going to happen right this point here be a good break even point or close half that’s right yep it’s always it’s tough with the us30 CU you can see it so

Clearly and then you know it creates these you know wild Wicks or flip sweeps and then you know does what it does yeah and it moves so much in those quick little volatile movements like 20 30 points it’s not just like 5 to 10 it moves a good amount might barely take

You out and then you know that massive CLE comes in all right next let’s look at Euro Euro’s been moving around a lot lately and I haven’t looked at this in a few weeks daily candle major rejection came down flipped back to bullish last week Alexa volume

Down yeah higher low point it looks like on the monthly drove up came down though and oh we are xrp now one second okay weekly candles that’s really good looks like a sweep made it look like it broke this level of support or demand but really was just coming down

To test this point here yeah made it seem like it broke support snapped right back in yeah very bullish not short position long position almost looks like 1.08 just ride this up almost 100 pit move put stop loss below the weekly low it’s a higher time frame setup oh yeah that looks very

Clean we break a yeah right on the break of resistance this could be a break strong breakout trade so 75 that’s how it goes I remember a few years ago it took buys on odd USD when the sentiment was like that and it went you know there’s when the

Market’s oversaturated it’s got to take some people out yeah I’m right here a lot of money right here a lot of liquidity this really looks like if she just Pops Pops and breaks above it’s just a clean shot right into this area of apply this is just a really clean move over to

R yeah this is just this looks like a really clean setup very easy setup low risk High reward that’s pretty good even if you lower the target some to this point it’s still almost a two R trade just buying at 1.08 on the breakout if you get the higher low point

Though then you’re going to be even better off maybe down here almost three r b yeah 2.5 to three R yeah that’s that’s pretty solid very very solid yep y that’s what it looks like the news didn’t look too much on Wednesday and I’m sorry Monday Monday

Didn’t seem too much but yeah and with it being a holiday as well I don’t have work bank is closed get paid as well not bad not bad but yeah Wednesday sounds about right wday sounds about right it take a lot of volume to break this point and make it

Move you know 80 70 80 100 Pips all right I’m going to dive into some crypto now Bitcoin has finally broken above 50k and the market is starting to look very interesting here so we’re going to pull up Bitcoin and xrp xrp has been rallying as well but

Not as strongly as I would like but it is starting to shift similar to another coin that I’m holding Brave basic attention token which is the acronym or the ticker symbol is bat seems pretty fitting but I’ve been using this browser for years and provides a lot of value and ultimately very undervalued

Token coin all right so let’s start with Bitcoin here so price has broken about the 50k point with the strong bullish candles strong bullish volume we’re looking very good at this point I was expecting to see possibly strong Wick projections and major sell offs especially

Once we broke once we were right at the 50k point but we’re still looking good now that doesn’t mean next week we may not just do that that can still happen that happens quite a bit but looking pretty clean right now with lots of strong

Volume yep yep 55 56 665 yep right up here you know looks like we’re going to drive up to 60k it doesn’t look like it’s going to stop right here we’re in the middle of the chart right now at the 4K heck no right in the middle of the chart just

Going to drive further there is just really nothing holding it back from right now just to coming up to here that’s the previous all-time high though if we do get up to the previous alltime high things are going to start getting very interesting that could be the start of

The next Bull Run you know Bitcoin doesn’t really visit its alltime highs unless it’s going to start going off again and yep absolutely hope you have a great rest of your week my friend this will be up later this later this afternoon on YouTube it’s about to just break above

Higher and continue up to the 60k point and maybe even its previous all-time high at 69 and if it does then there’s a good chance we may even break above and make a new all-time high if we look at our next pair xrp we’re also looking pretty good but still

We need to break Above This previous bearish candle because otherwise it just looks like continuation move down to our anticipated price points of 40 cents 45 cents 40 cents and 35 cents if we hit that point then those are obviously really good prices but if we break above the 65 Cent

Price right above the previous monthly candle and that as well is just going to kick xrp off too dve it all the way up to the 90 Cent range all way up to a dollar and possibly even higher it’s been just fooling around winning at five so so Solana yeah

Soul rally TR too A lot of these are very undervalued and some may not make the most sense fundamentally but when an asset’s under valued people are buying them right up and yeah we just got this clear range all the way up to Dollar do10

Do2 spec once we break 65 65 is a major key point of Interest so I’m going to set an alert on 65 cents but if we break above the previous month’s High there’s a good chance we’re just going to keep on moving and with Bitcoin looking like it’s going to keep

Extending up to its all-time high as well it’s a good chance it’s just going to keep w this may be the start of the next crypto bull run you know it’s very hard to predict you don’t really see them coming price is always low when it does happen

But no one really expects that they go off the way they do you may expect some type of bullish movement but not you know a 10x 10x run 5x run you know that’s very hard to catch and very hard to predict yeah let’s look at Litecoin have

Messed with Litecoin in a long time look at that shortly we’re going to look at basic attention token real quick as you can see same thing if we break Above This monthly previous monthly candle it’s just going to kick off it’s bullish rally the major point

Of Interest right here is at 30 cents almost 35 cents but as you can see we’re breaking above the previous monthly candle open we’re almost approaching its monthly high and if we end up breaking past that point there’s really not much holding it back up until we get up to 45 cents

That’s nearly 100% from this price point this point right here this zone so right where price currently is if we continue up to this point that’s a 70 to over 80% movement in price and if we do extend further than that well for now yeah it looks like we

May just hit this point first and then reverse and then try and continue its overall rally break Above Down retest and then continue trending I could be wrong it may just go parabolic but ultimately it does look like this is the first stop before we see some type of retracement and then

Continuation move ultimately same thing if price could break above this 30 Cent 35 Cent point this is going to kick off the bullish market for or bullish run for basic attention token as well this assets very undervalued this previous all-time high was at

A192 so to We Buy it up at the 20 cent to 25 price range is an absolute steal it’s very low very undervalued it’s still not too late to get in by any means you know I got in at 24 cents you know they’re just pennies

Right now but you wait too long it’s going to be too late to get in on this lastly I’m going to cover Argo blockchain one of my stock Investments and then clean spark blockchain as well these are both Bitcoin mining stocks and with mining sucks they generate revenue

From solving transactions on the Bitcoin blockchain you know because they’re they’re they have mass mining operations set up Mass Mining facility set up all around the world so as a result of that they’re able to mass solve Bitcoin transactions and reap the transaction rewards from doing so the blockchain rewards the

Block rewards from doing that so as you can see we had a strong 62% Rally from the low of this month up to the high which was this week at $269 $292 my apologies so nearly $3 right now price is looking like it’s just retracing and is going to continue

Its rally next week we kind of hit this minor level of Supply here right in the middle of the chart it almost kind of looks like a smart money trap as you can see on the weekly time frame just looks like an indecision candle and if the next week opens bullish then

There should be nothing really holding this candle back from continuing higher on the monthly time frame it does look like we created a high retracement nothing is indicating bearish price action quite or sorry A reversal quite yet we’re just seeing some bearish candles and looks like we may just get a

Continuation we need this low here to stay intact we don’t want to see price really sustain or stay below 250 $2.50 we want it to hold this area and break above its high last week its previous week’s high and continue higher up to the $4 $450 price range that’s our

First pit stop the $450 price range and then probably have a pullback and then we’ll see that initial Rally or not initial rally that nice move up to $6 $7 price range if we go to the intraday time frame a bit on the 4our time

Frame you can see that we had yes a good amount of bearish candles but it didn’t really outdo any of the bullish movement that to me is not indicating that we are bearish just looks like a pullback just bearish price action and that we may continue our rally

Throughout this next week and continue higher lastly clean spark blockchain this particular pair or this asset has probably nearly 200% since when I initially looked at it I wanted to make a video on both of these stocks when I first bought into them and when I first saw

Them back here just a few weeks ago in the middle of January and since then they’ve just rallied clean spark has had a better performance than Argo blockchain but Argo still performed pretty nicely as you can see as well but with clean spark as you can see massive

Bullish monthly candle we are starting to you have a bull run here this is the confirmation you need for price to start trending heavily be bullish start trending heavily bullish so as you can see we may have a pullback you know given that price just

Moved nearly 200% you see kind of a gap in price right here we may have a pullback and you can see it on the monthly time frame too this resistance that was broken might have a retest might be able to buy this around $10 $10.50 and then catch the continuation move up to

30 well first it’s going to be 25 and then up to 30 and possibly even $40 price range so price May most likely want to fill this type of imbalance that it made this Gap that it made in price when it first moved bullish on the open here Friday on the 9th February

9th if we enter right here or accumulate more I don’t personally own this stock I own a good amount of shares of Argo but for clean spark I missed this one because I bought Argo as it was was cheaper it was $1.90 when it was at its low but I got

It at $2 and then currently my average price is where it’s at now as I’ve been buying you know all the way up from $2 up to 250 but for clean spark though I currently don’t own any and I would like to buy this you know where we have this

Zone at $10 is very very good that’d be pretty good price in my opinion but we may not hit that and 11 $11 1150 is pretty fair ultimately yeah we may come and fill this Gap price normally does come down to fill gaps and then may see

This take off but this may be next month so for March we this may take a few weeks to play out about a month to play out to hit its high have a retracement come down make a higher low and continuation ultimately I’ll be watching this very very

Closely it could even be $12 50 but realistically there’s this Gap here in imbalance in price and most likely going to come down and fill this before we see that continuation move ultimately looking very nice here if we can break Above This High here at where that we just made a $19 1935

1925 break above 24 $25 price range in sight and then beyond that $30 to $40 clean spark has a lot better fundamentals than Argo blockchain does but ultimately they have the same business functions solving transactions on the Bitcoin blockchain and reaping the blockchain rewards from doing so so the more transactions that they

Solve and push through the more Revenue they generate and that’s essentially how it works so big coin increases in price they’re one generating revenue from the increas volumes on the blockchain and two from the increase in bitcoin price it’s basically double appreciation on their asset and on what they’re receiving for

Rewards but all right that’s it for this week I wish you guys a fantastic trading week I’m looking forward this week as well we have a lot of good price action coming in here a lot of good potential setups especially on the NASDAQ and us30 NASDAQ is looking super clean for a nice

Sell setup so we’re going to really keep our eyes peeled on that and I’m going to set an alert real quick on clean spark real quick you know at the price range that I discuss so that when I do buy I will let you guys know and if you guys

Aren’t already in my telegram channel the link is in the video description please feel free to join I send news updates as well as regular techn analysis updates and motivation and just other tidbits to help you improve your trading wish you guys a great week and thanks for stopping by take care and

Peace