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[Music] aisa stated her big bits and today and i just noticed the title is wrong but today is the 27 and we have a lot to go over here we correct the title real quick my apologies so for those of you watching the livestream you’ll notice that the title was wrong anyways order to catch everyone up it’s been a while since I forgot that talk to everyone one thing I want all you all to know is that I keep up to date on social media and one of the things that I’m proud of was October 25th I made sure to state that I was pretty sure that bitcoin was going to push upward soon versus the US dollar and that was because a lot of the altcoin charts looked really good versus the US dollar but they looked really bad versus Bitcoin so the way they could have increased their USD value and kind of went sideways or even bear somewhat against Bitcoin was B if Bitcoin were to jump up and price significantly and it I mean obviously it exceeded my expectations I don’t think anyone expected what happened but let’s go and take a look at really the chart over the last few days now the red line here that was not my prediction that was just me highlighting the potential crossover there and that happened so I can take that off the chart make sure you all can see this here but really impressive stuff price rose I think they said 40 something percent all the way up to ten thousand five hundred and forty dollars on the 26th so it had a lot of momentum and it continued up and right now we’re just gonna get an idea of what’s going on now weekly this thing looks really good see it closed above this kind of falling wedge that it had made and a lot of the momentum plays are actually swinging it’s more bullish if it’s hard to imagine on the weekly scale that it would be and our forecasting was just updated as well let me actually remove the strategy version of that indicator and add in the actual indicator because the strategy doesn’t quite load on the newest candle it waits lit completes so let’s see yeah we got our 50 over 100 week moving average cross predicted now and that is gonna be on the first week of December so I’ve kind of been saying that if you followed me on social media I’ve been saying that for a few weeks now that regardless of the price action it looks like the 50 week is gonna cross over the 100 week the first week of December which a lot of times this is a lagging indicator these crossovers like this on moving averages but that is a very major crossover that could get some media coverage you know that’s like if the MACD on the monthly were to go green that doesn’t happen very often from changing from a bear cycle to a bull cycle so that might be something you see and it might spark some more interest in and people buying Bitcoin and getting it in the news and such all right so what am I looking at really I highlighted this last week but this was before the price even jumped up but the momentum was slowing down on the MACD on the weekly chart and it’s started coming back up quite significantly already the smooth RSI with the huge jump in the RSI jumped over the smooth RSI which that’s kind of like these changes on the MACD it’s usually a sign of a signal or a trend change versus the signal here you can see it through by on the fact that the smooth RSI change directions upward I know it looks kind of flat here but it did start going up and then it also well yeah the RSI was above it so that’s why the green histogram is there so you got both things fairly bullish and it both occurred in neutral territory so you can see the last time this got a double signal was too short all the way back here and now it’s telling you to buy here so pretty interesting on the weekly scale if if it works out how it did before there was a long trend of weekly gains here for the most part of the few red candles in there but definitely looking really good into momentum on the stochastic RSI is coming up usually once it comes up through here it continues to go all the way up I know in the past there’s a lot of cases where it doesn’t so just keep that in mind but if things work out and price continues to go up this week it’ll be on pace to cross over on the MACD somewhere around here and if that’s the case you can only imagine I mean if it crosses over here it’s either gonna have to stall out at like 20,000 to be able to keep it from going to higher levels or it’s it’s really gonna break something crazy and really looking forward to a lot of good stuff next year I mean the the landscape for the the charts is looking really great now let’s go back to the daily chart now if you’re looking where you can get in here like I said I’m a financial advisor but what I’m kind of targeting is another retest on the daily of the 200 and right now we’re testing the 100 and we’ve already broken above it but price never closed above it so I’m expecting eventually that we’re gonna come back down and test the 200 and I’m kind of thinking this might not happen until we get to the intersection of the 200 and the falling wedge just because I don’t think it’s gonna fall back into that wedge and it might test that wedge for a few days bounce up and come back down and test the 200 or something like that but I’m not convinced we’re gonna blast straight through up to like 12,000 just yet but the end of the year very possible we could be up there or even much higher so I’m gonna go ahead take a look at some other charts while we’re here let’s look at the theorem in Bitcoin all right it’s doing pretty bad on the daily the last couple days took a huge hit but you’ll notice it’s been quite low on the stochastic RSI for a while we’ll have to take a look on the MACD over the next few days if you’re trying to catch a bottom when you’re looking at the MACD you want to watch this kind of the divergence between these two you know we want to see that decrease and we want to see the momentum come back and those two get closer and that’s not gonna happen until we see some positive action here so just keep an eye out for your stochastic RSI if it starts coming back up it’s been very low for quite a while it’s very good chance that if it does come back up it can go back up all the way into the overbought territory which would mean probably a lot of green candles or at least one big one so now looking very good versus Bitcoin but let’s look at it versus the USD [Music] alright somewhat similar here and it’s not looking too great it’s got some resistance to overcome but let’s look at it on the weekly and this is where I’m saying some of these coins look pretty good on the weekly so aetherium versus u.s. dollar is hovering right on this 50 weekly as support now and it’s the Casa Karzai’s going up the MACD looks like it might want to cross over we just got a double bow last week so we’ll see how that goes but I’m hoping that it can test this 100 week it should be around 300 something dollars and it looks like the 100 week is starting to drag down quite a bit which could lead to a crossover in it so just seeing this versus the Bitcoin chart earlier it makes you think that the weekly crossover the 50 100 crossover on Bitcoin will happen in the first week in December and it looks like early in January I bet at well I think that the alt markets will catch up and they will cross over so you might still have some time to accumulate but the prices may not be as good as they were because I do think we probably come up and test that 100 again but we’ll see that’s looking pretty good right now though although honestly some of these things are pretty neutral like RSI is very neutral MACD is neutral but it’s been rigged bearish with the red histogram really the thing it’s got going for it best right now since cascara signed 250 week support take a look at just a couple more altcoins and actually I like to look at those versus Bitcoin look at basic attention token on the weekly chart it’s still looking bullish it’s coming back down stochastic RSI because I had a red candle it rejected pretty hard and if you would have taken a notice on my accounts I posted it was probably gonna test the 200-day and it did it got rejected which is exactly what I thought I have a feeling will come down to the 50 and check that as support and if that doesn’t hold then you’re gonna have to hope the 100 does otherwise you’ll be accumulating a while and probably until the alt markers decided to come around but overall not that bad that Weekly doesn’t look that bad so if it does go down I’m hoping it’s just for a short time to test on these supports let’s take a look at another couple more xrp Bitcoin yeah pretty much the same situation and one of the things I mentioned in my other videos a while back is that a lot of times you’ll see XRP or you’ll see aetherium do these sort of moves first so we saw in the leaks in the weeks leading up that XRP actually broke and had it’s crossovers before some of these are they’re all coins and it tested a 200-day first and got rejected now it’s coming down to the 50-day so if you’re looking at some of the smaller to mid cap coins then I would look to see what happens with XRP and see if it holds here and if it does that might be a good sign that support is going to be held on the 50 on those as well let’s see I wanted to check another one here what was it it’s the one I always forget about for no good reason and that’s a light coin all right and it is worse than all of them versus Bitcoin right now check its weekly charts yeah it’s about the same although it does look like it might have a positive cross on the MACD if you’re trying to catch a bottom this might not be a bad spot considering the price line here goes back all the way back here and it might be support at least you’re gonna have to hope that’s what it is stochastic RSI has been very low for a long time it’s probably not a bad time to start accumulating in my opinion on this one I might actually start to buy some light coin as well because it looks like it’s been low for a long time potential crossover on the MACD the smooth RSI seems to be alright once it changes direction and moves up I’ll be a little bit happier about it but it does have some limited potential here if it stops out at one of those moving averages like the other all coins have I want to go ahead and get moving on I don’t want to be long in this video today but check out my trading view profile and you can see some of the scripts of views like the smooth RSI and also this ribbon indicator all those scripts are available for anyone and you can see you’ve got a lot of likes on these so people are using those and they enjoy it I have a youtube video series about how we develop those in Pine script so if you wanna take a look at that that’s even better subscribe to the channel and you’ll get updates on those automatically now one thing that happened last week was the ridiculous testimony or the grilling of Zuckerberg from the House Committee and the thing was a joke there was only a handful of people that really understood what was going on and you could tell but I gotta say Zuckerberg the way he answered the questions were really good I think he defended himself very well and he defended blockchain and crypto currency very well honestly I was kind of surprised by that it seems like he has a very good understanding what’s going on and the only reason that he is advocating for this private coin is he knows that the best way for Facebook to compete is with a private coin and not creating some decentralized thing and even said so but it was funny watching this because you could see everyone who was grilling him was focused so much on trying to make him say something about Russia or you know whatever committee they representative or they represented and there was a lot of talk about minority leadership and stuff and you know that stuff’s great but the whole meeting was supposed to be about Libra for my sure standing and they didn’t they didn’t really care about that they were just trying to push their agenda but that’s politics in general I suppose and speaking of politics and Chinese president and a lot of people say this was the reason that Bitcoin pumped so much he said that they should take the opportunity to adopt blockchain and they even passed a law in order to try and seize the opportunity with cryptocurrency and blockchain technology now I’ve seen some people on Twitter or other social media say that this isn’t good for Bitcoin you know this is China they aren’t gonna favor an open and decentralized system like Bitcoin all obviously but when you’re talking about on ramping people into the technology and getting that idea into their brain about blockchain and crypto currencies then you’ll notice that they’ll start to think about Bitcoin because it is decentralize it is open and it is freedom for them a free form of money for them if they do decide to do that over there and you’ll notice I don’t have a chart in front of me right now but I did see a chart on WeChat trends it was searches for blockchain and Bitcoin obviously since this law was directly related to blockchain thought chain searches were really high but unsurprisingly to most folks who who believe that this can help Bitcoin the Bitcoin searches they go up dramatically as well it wasn’t as much as blockchain because they probably don’t like to use the word Bitcoin over there but the fact that Bitcoin searches did search so dramatically probably a very good sign for its impact on Bitcoin in the future now another thing to note is that aetherium is targeting their main net activation for Istanbul which is an upgrade to the etherium protocol and one of the key things that you should take away is that the gas prices are gonna increase due to the way they store data now the methods are slightly different so the storage costs are gonna increase greatly and that means some smart contracts are going to increase their costs greatly and others may not work at all I believe that’s what it said so if you’re a smart contract developer then you might want to pay attention to that other than that I think that’s about it for now we do have the giveaway going on and I can actually bring that over here we have quite a few entries this time around it’s only got a few more days left oh my goodness come over to this screen there we go now 551 entries and still four days left a lot of response to this one I’m very glad and hopefully this one turns out as well as the last one did when it’s over with and we get a winner again now the only other thing is like the video and subscribe just kidding but I would appreciate that if you did that and you’ll notice also the Hat probably I’m working on some other things and getting some ecommerce stuff set up not necessarily just for me but I did want to test it out with my logo cuz I do like it and I’m not necessarily one to wear this type of hat but I kind of like it because it has my logo on it but anyway thanks everyone and have a good one you
