It'S called rule the freaking markets. This is a very good book if you guys are interested in trading and what this goes on to say, it says, take small losses and make big gains. If you don't take small losses. You'Re gon na lose your, but I can't put it any more plainly than that. If you're unwilling to take a loss on any trade, I guarantee you that you'll lose money. Most people have trouble taking small losses. They don't want to lose anything on a trade because it makes them feel like they failed somehow, but taking small losses means you succeeded, focus on the fact that you should take small losses, not that you should take losses. Taking small losses is a way to limit losses when they occur and to make sure they never turn into big ones. Taking small losses and big gains is the way successful traders, trade it's the only way to be a successful trader and that's. What I've talked you all about because I've learned this lesson myself, you know when trading you always have to remember that you want to let your winners run and use some type of a trailing, stop loss and then, in terms of your losers, you want to cut Them quick before they turn in some big massive failure, just like as we look at Bitcoin and how we work in trends here when we came out of this inverted head and shoulders here and we came up, there was a trend line that I had drawn here And once that trend line broke – and you can see this candle here – this is a very strong candle, most like a bearish belt whole line candle at the top here, bearish engulfing candle as well, because it's engulfing the previous days, but just a very powerful downward candle.
Guys, with a trend line, break that's the time that you want to get out because look at what can happen here so, if say, we're taking some type of a loss even on that area right there think of what you could have saved yourself going from 9800. All the way down to about 3800, because once that trendline broke, you knew enough as the RSI was going down. While we had that bearish engulfing candle up there guys that's, a telltale sign, get out of your position and that could have saved people. Massive amounts of money so that's. What I want to do in this channel is really try to educate people. The best that I can so what we're, seeing here with Bitcoin and what we need to be you know aware of, is the fact that we potentially could be having a double top reversal, and what we're looking at here is. We were trying to get back up above 10000 again, as I've talked about. 10000 is critical for Bitcoin it either. Acts is a very strong overhead resistance or it acts as strong support, and we needed to act as strong support. We need to get back up through it and turn into support, but right now the thing that you're looking at here is: we basically even failed right here to get back up to the previous high of 10000 103, which we got up to before and as well As that you can see, our RSI is also having that downward pressure right now, we're at 61.
We are having lower highs coming in on the RSI, though so that's, definitely something that we have to be aware of right now, if you are and along the volatility, stop we'll take a look at that. That is at eight thousand six hundred and eighty three for you guys people I know like to see that, and that is on the one day. Time frame is what we're looking at there, but what we needed here out of these tweezer bottoms was more volume. We had about average volume here to get overtop of this area, because what's troubling for Bitcoin here take a look guys and we've talked about this. For quite awhile I mean – and this is just even the 14000 – if I had more screen there – we go all the way out to the 20 we'll, even try it guys just to take a look here. What you can see, anche se, here is our high lower high lower high lower high, and then we just tried again to get up above that and it's. Looking like, we may have failed. We'Re gon na have to wait to see where the candle ends up closing today, but this isn't this an important fact that we have to pay attention to where this candle closes day. If it closes in something like a bearish engulfing candle, something along those lines where we have deep penetration into this previous day's candle, then guys you know we could.
That could have been the top there and we may start reversing in some type of double top reversal and start working our way back down now. Does that mean we have to go all the way back to the bottom? It doesn't at all, say we are to have rejection here and we don't get back up above there. Sometimes you know guys we have 50 or more retracements in this space if we go from our swing low, all the way up to our swing high. Here we take a look at this okay, so right now we retrace back to the 0.236 if we did get a little bounce off that, but if that would have been the bounce to give us a higher high, that would have been extremely bullish. Only retracing that 0.236 a lot of times, you'll retrace to the 0.382 in normal markets in crypto markets, a lot of times, it's back to that 0.5 or that's, 0.618 0.5 – would be at 6200 28 and then the 0.618 would be at 5554. So i wouldn't be shocked if we were back to that 6000 area set some type of a bottom and then try to go back up and tackle it again. But this right here I don't, think, came on enough volume to get us up over top of that. But guys this is crypto currency like I've talked about the whales can do whatever they want, but right now we have to look at these things.
We we have a double top that potentially could be forming here. We'Re gon na have to wait and see the candle close here, but we are having some downward penetration into our previous day's candle. There we're looking at an RSI that is having lower highs right now, depending on what we're gon na do here and what I want to do is get into just a couple: more indicators on the one day, time frame because we're really stepping back and we're. Looking at the big macro picture here for Bitcoin, so if we go to our stock, RSI go take a look at that. We did have a bullish cross here and that came at those tweezers starting to slow down a little bit with momentum. There were at 35 e 26 on our stock. Macd is something I always like to look at as well, and we actually started to tick to the negative here on the histogram now we're, starting to kiss a little bit more just a lot of fight in that area as we approach 10000. But you can see we're not in the positive there on the histogram for the one day, then we'll take a look at our awesome oscillator, and this is a good one that I like is well. You can see a lot of times. What you like to do is look for the awesome oscillator when it switches to that red up there and, if it's on some heavier volume, and then you have like a bearish engulfing candle, something along those lines that can be a telltale sign on some tops.
For you that can really help you out, so you can see they're awesome oscillators started to go down. Then we hit that green bar right up in this area. So we're going to see if this is going to try to start moving to the upside here. If we're just going to have that continued down side pressure, then another one I want to show you guys is the Don change channels, if that's, how you say it correctly for this on the one day we are up above our middle band, which was nice. We found support off that okay, and now we are getting closer to the top of that upper band a lot of times. People do take profits up at that upper band, then also back off to the middle band, if you're in an uptrend and vice versa in a downtrend you'll, typically stay below that so that's, something I'm gon na pay attention to as well. But I just think we need to put this on our radar that we could be having some type of a double top here, and maybe we do need a little bit more of a a cool down overall for us, so that's Bitcoin guys you get some from That, like subscribe, hit that notification bell. I appreciate all the message download the thumbs up, exclamation points and everything I'll try the best. I can get back to the comments when I get back home from work today.
Guys start at 615, that's more so it's nice to be back in my normal business and everything. So that feels good. But just you know getting back into the rhythm of everything as well got a lot to do so. We'Re gon na move into litecoin next late coins at 43, eighteen cents right now, and the thing that's a little bit concerning to me about light coin. That I want you all to pay attention to here as we like to look at trends. Così, in the macro sense we're still ultimately in that downtrend, but what I'm looking at here, as you can see, so this was our high right. Can you believe at one point, litecoin was up to 450 guys and even after the litecoin having everything 43 it's unbelievable, and that just shows you what can happen. I mean look at these trends guys and that's what I'm trying to follow. I want to be a trend follower. You know what I'm saying like look, how long some of these can move. It can be six months to the downside to the upside, but here is our high lower high lower high, and now we have to pay attention. We hope this isn't our lower high, because the next lower low could take us down to retest. You know 22. That definitely could happen, and we need to be aware that what I'm nervous about or I'm watching right now looking for a good potential if we do have some type of climax dump or whatnot I'm watching this.
This is kind of like a little bear flag here. So we had this push down this pulled down, and then we had this reaction back up where we were trying to climb back up to get inside of this trendline, but it didn't come on very heavy volume there, so that suspect. Sometimes it can be. One of these, do you see this guy's just give you a good example here push down, and then we had that reaction. We didn't have much volume and then we had a whole nother leg down and that's what you need to protect yourself from right now. The volatility stop is actually showing to the upside, for if you were shorting it so say you were short on Bitcoin right now. Your stop loss or your buy stop would be at forty seven, fifty seven so that's showing you that the trend is down and we need to be aware – and we need to line ourselves with the trends. So you know, could we get some Bart pattern where we pop up guys absolutely like? I said this: cryptocurrency I'm, not gon na, be the wizard man for you, I'm gon na show you technical analysis that's. What I'm here? For you know, I'm, not gon na predict. Nothing I'm, not gon na rub the crystal ball. Do any of that type of stuff, because you know I've looked at too many stock charts now and everything when prices for stuff we're in the thousands and now you can hit some of those projects whatever for 75 cents and they never came back so that's.
Something! Never marry a coin, I'll say it over and over in rule. The freaking markets here talks about that. All the time never marry a stock, never marry a coin, never marry any of them, because you know what they don't love. You like going to do a big dump on your face and it won't care so never fall in love with any coin Bitcoin litecoin this or that you know have projects that you like and have faith in and put the money that you can afford to put In don't ever put more than you can afford to lose in, but you always need to be aware that these coins don't love you as much as you love them. Let'S just put it that way: we've a lot of people, who've traded this market or hot 'old. In this market they will know that. Così, if you agree with that, guys give me the thumbs up down there so with litecoin, really guys what I'm looking at here, we need to hold as support about 40 1.38. If we don't hold that and be down around 40 we'd see if we got to bounce off that other than that guys, we just start working our way down. 36 87 then be down around 35 41 and say we did get an upside move. We need to get back within this purple trendline here and start making moves to get back over top of 50.00 psychologically. You know, bitcoins 10000 is like coins 50, as just is what it is right now, so guys that's.
come moneta, you know just pay attention to that. If we just throw on the relative strength, quick here, you can see, we don't have a lot of strength coming in right now we don't have a lot of volume and we don't need this to turn it into a bear flag where we have another leg down. So I just kind of wanted to warn people on that I'm, not saying it has to happen, just want to put it out there. So next we're gon na go into aetherium alright aetherium, as we've been continuously looking to the same deal losing strength here on the RSI volume has been low with this little reaction here so guys. You know this isn't the most promising right now. You would want to see more volume coming in if this was going to continue strong to the upside. You know, but this like we said this is the crypto market, even back here when we were continuously making some moves, there wasn't the most volume, but we kept climbing, which overall, when you're in an uptrend, you want the volume to be swelling. You want it to be moving up in each impulse wave okay, so the volume is a little suspect here. We had our trend line break. We have lost 205 dollars, which was our support. You see how we fell through that guys. We went all the way down to that 175 and now that 205 potentially could act as overheads resistance.
So we need to be aware of that. Proprio adesso, volatility stop! You can see. The momentum is to the downside, so that would actually be a buy. Stop there and that would be at 212 dollars if you were shorting aetherium, but what that volatility stop. Does it helps align you with the trend you can see all through here right up there, it's gon na show you that you're in that downtrend, then, when you're in the uptrend it's gon na show those green dots and that's just gon na help. Align yourself with the trend and that's what I'm all about guys. You really want to trade with the trend. You know it's a you're shorting. You want to be shorting in a bear market or in a downtrend if you're long, and you want to be longing in that bull market. Okay, unless you really know what you're doing and you can buy things like a climax dump – and you get in you – know, it's gon na be a quick reaction and potentially fall. Get your profits and get out is what you're looking at. But the RSI is at 52 proprio adesso. We need to continue to hold 175 dollars for support for a theory I'm guys, and if we take a look at a theory, I'm on trading view, we have over here, oscillators one sell eight neutral to buy summary. We have a five sell: nine neutral 14 buy moving average, we have a four sell, one neutral and twelve buy and then, if we throw in our moving averages here for aetherium we're still up above our 200 that's, a good thing for us we're up above the 50 – and we are trying to fight to stay up above that 20, so that's, where you're getting some of those moving averages that are telling you it's bullish whenever you're in an uptrend or you're holding those moving averages there, which right now we're just really moving sideways.
So moving averages don't, really tell you much when you're moving sideways that's, another tip you guys would want to remember so that's. What a theory means do guys. We need to hold that 175 and we need to get up above 205 and turn into support, is what I'd be looking at and then we'll move into? Did you bite? So what did you bite same deal losing some strength here guys you need to pay attention to that. Okay, RSI is back around 59, so it has cooled off. There'S been a lot of volume, a lot of selling here, so this area, where we got our bullish, engulfing candle. Let me switch here. This was our bullish engulfing candle we needed to get over top with that bullish engulfing candle 0.024. 85. In my opinion, that was important to go up and make a higher high. So what would what we did here? We set a lower high right here now we're trying to set a higher high, so we're almost getting in a little equilibrium pattern to where it could break either way guys same deal here. It could break absolutely either way, we're still holding our 20 MADRE, which is good. You can see, we wick down and buyers were stepping in that, but the volume is tailing off a little bit. We need to be aware of that. We are above our 50 and our 200, so that's good, but overall we need to be careful in this area for did you bite, because if the floor does fall out and we end up losing around 0.
01 6 4 5, then I would look down around this 50 moving average and that would be 0.01, 1, 5, 3 and that's a decent amount percentage lost if it does go down to that area. So we just need to be aware of that, like I said guys and see if we can get that strong move to the upside, I believe it's, probably gon na depend on Bitcoin. What bitcoin is gon na do. Bitcoin makes a strong move and we can hold 10000. Then they'll probably bring digibytes along with it. If Bitcoin dumps it could be a pretty gnarly dump for did you bite as well? So you always need to plan for that as well and guys. That was that failure of trying to get overtop of that high so let's be aware that that's, what I want to bring to you guys covering all these coins, especially did you buy at the end guys, let me know thumbs up and just put, if you specifically Come here for digi bite I'd like to know that, to what type of did you bite, people I have or if you're just here for a light coin, or you know a theory in Bitcoin I'd – really love to hear what everyone's here.