Those are three we're gon na go over I'm gon na do probably digi byte o me say: go X, RP and maybe even link tomorrow, I'm gon na throw them in with Bitcoin litecoin aetherium. But I have a busy day today, guys so all I'm gon na be able to do is go over those three. But what I wanted to do is talk about something even more important and my wife. She was going through trying to find a document and she stumbled across its my old varsity, basketball, scrapbook and growing up guys, I mean just my entire life. Competition was everything I played baseball, basketball football. I was in karate up to my purple belt and basically I quit karate, because I had these three other sports going on so I've, just always loved competition. Even to this day, I love competition that's. One of the reasons why I love trading is for that competition and what I wanted to talk about today in trading and especially in the cryptocurrency space here, the emotions that you go through the highs and the lows the feeling like a king some days and then Feeling like a donkey on other days – and I know you all – have had this – whether you're holding or whether you're trading or whatever you've, had those days where, like man, I'm doing great I'm smart at this and then you've had days where you're kicking yourself. You know man, that was a terrible mistake.
What was I thinking and that's what I love about trading that competition, because what I'm trying to do is take money from the market that's. What you have to look at as the market is your competition, and what you're trying to do is steal a little bit out of that huge mass of billions and billions of dollars in the cryptocurrency space that's. What you're looking to do and as my wife, she was looking for documents. She came across this scrapbook and I wanted to read something to you because guys for me whether it's technical analysis or I'm playing ping pong with my wife or whatever. I always want to win, and I have that competition and that drive and I came across something that I put in this scrapbook awhile your prop guys about 13 14 years ago, and I wanted to share it with you here and this isn't me. I didn't write. This is from someone else, but I don't have the author's name, but I think it's important, because it relates to life and it also relates to trading. It says when you get what you want in your struggle for self, and the world makes you long for the day, just go to the mirror and look yourself and see what that man has to say before. It is not your father or mother or wife, whose judgment upon you must pass. The fellow whose verdict counts most in your life is the one staring back in the glass.
Some people might think you are a straight shooting chump and call you a wonderful guy, but the man in the glass says you're only a bum if you can't, look him straight in the eye he's, the fellow to please never mind all the rest for he's with You dear up to the end, and you have passed your most dangerous, difficult test. If the guy in the glass is your friend, you may fool the whole world down the pathway of years and get Pat's on the back as you pass. But your final reward will be heartache and tears if you have cheated the man in the glass and to me that goes into technical analysis in into trading and into everything that I want to do in life if we're gon na do this guys, even if we Can'T, be the number one person in the world go to your full ability so that you never have those regrets and you look at yourself in the mirror, go man. What, if I would have done this? What, if I would have learned tactical analysis and it could have changed my life? What if and that's, where I encourage you guys to study, never give up and know that these emotional swings are gon na happen and you have to deal with them. Cutting a loss before it turns into something tragic, guys, it's one of the most important things that you can ever learn and there's. So many things you know that I want to get into here, but I don't have a lot of time today, but you know guys whatever you do in life: do it to the fullest to the fullest extent.
I try to do everything I do the best that I can because that's how my dad raised me, and I want to do everything that I can for the Lord and that's, where my heart's at you know. I want to do everything that I do do it as if you're doing it for the Lord that's my opinion. So you know guys just continue to study, continue to learn and you can learn this stuff and it will really help you along the way so we're gon na get into this I'm gon na make it quick here what we're looking for guys with Bitcoin on the 1 day timeframe, we're at nine thousand four hundred and sixteen dollars, and what you see here is we pushed again. We had that little rally. Yesterday still didn't come on the most volume we were talking about the volume you can see. It was below average right there. You can see your Purple Line, which is always important to pay attention to, but it was a below average reaction here and we did not go up and set a new high, so we still are having lower highs in the macro sense and also in the short Term sense: we're having these lower highs. Now we did set our higher low down here, which was May 25th, so our best shot now is if we're gon na retrace a little bit more try to set another high or low and then maybe eventually get up through here.
But this is a tough spot right now and you can see our volatility. Stop has shifted it's at 9700, 15, so that's, basically showing the downtrend and showing, where you'd put your buy, stop if you were shorting, okay, so that's, why you always want to line yourself with the trend and right now, the trend in the macro sense is down. In the secondary sense is up, and then in the micro, just the very tiny short term trend it is down and if we take a look at trading view here this something I always like to do with you guys. We'Ll just take a look here, which I don't know why, obviously, because of the moving averages, it's really gon na show you, but you can see how it's saying strong buy for Bitcoin right now, you're having a one sell, nine neutral 18 by moving averages zero one And sixteen, and what we're gon na do is actually bounce back here and take a look at these moving averages, so we're up above the 50 we're up above the 200, and we had that Golden Cross we're up above the 20 EMA, so that's. Why I'm saying this little reaction gave us some room here now: we're, just gon na have to see if we're gon na come back down here and set a higher low and make another strong move up, or if this is the area that we're gon na dump Down to, and then our volatility stop right now is that that nine thousand seven hundred and fifteen – but this is an important area to pay attention to so in the secondary here, we're still up and we're still moving.
In my opinion, though, how this is thrown a technical analysis by signal that strong to me I'm, not digging it that much just due to the fact that we still have to get up above now, it's gon na be about ninety six hundred dollars. Then it's gon na be nine thousand eight hundred twenty two then it's gon na be up around that ten thousand and then ten thousand five hundred and then in the macro sense we could set a new high but that's how much work needs to be done right Now, okay, so when it says there on that the the one sell or 18 buy. I would take that a little bit more with a grain of salt right now guys because I've seen stuff like that before we'll show how those signals are strong by and then it ends up dumping so always be careful. I just like to show you that stuff too, to let you see what it's saying here, but for Bitcoin now what we're gon na do on the one day time frame, I want to look at a couple indicators. We'Re gon na take a look at the RSI. Still lower highs coming in, we were losing that strength and we're at 54 on the RSI, and what you could also do is just draw a little trendline here and that's, always a good thing to do and look for trend line breaks next. One I want to take a look at here's.
Our momentum. Momentum is still tailing off here, lower highs, lower lows right now and then we'll take a look at our MACD and the MACD histogram is trying to get up to the positive here and we're gon na look to see if we can get across we're not there. Yet it's still open here, so we have not had our bullish cross. The last bullish cross that we had was back in March March 21st. So I do like to pay attention those and I like to watch when this histogram changes. So you know guys up here. Is this just an area where we're just cooling everything down before we do get a nice pop to the upside? Only the whales know and anyone who tells you that they knows what's gon na happen and they're, not a true market maker, guys they're they're, fooling you because you know you got to have a plan for the upside and the downside. The market makers are gon na, be the ones who determine the way that this market goes and we have to follow in their coattails, so guys, that's Bitcoin there you get something from this like subscribe, hit that notification bail, help me out with that out. Algorithm people just put thumbs up exclamation point. Any of that really helps and I'll try to get back to you. The best I can next we're gon na move into aetherium. Take a look at this and for a theory on this.
What we were looking at here, guys it didn't, come on the most volume though, but we didn't break out through this yellow trend line here. So what would be important is for us to have a close of about 5 and stay up above this here, because if we can stay up above this range or this area, then we have a nice shot at run into that 247, but that's. Why these trend lines are important and if we take a look at the price move off this here, so up to the close guys, I was about 6 there, so, according to the textbooks this should continue to move to, the upside should continue to run. But you know this cryptocurrency and we're gon na have to wait and see because all the books that I read is when you have a trend, line, break and it's by three to five percent and it's on heavy volume, that's. What we're missing right now, but and it's on heavy volume, a lot of the times you'll continue to run really hard and really fast out of that trend, line, break and that's, something that I like to pay attention to trend lines are awesome and when you learn More about them it's, it can really help you out in your trading. So in terms of the one day for aetherium we're gon na take a look at the MACD MACD. We are starting to get a bullish cross. Take a look at our stock.
These are just the ones, the main ones I like here, and we also had a trend line break with a stock cross here. So that was a good thing. Maybe that'll be enough to start getting us moving even a little bit more and then our Momentum's is running a little bit more flat right now, we'd like to see that starting to curve up a bit and then for our indicators, I like to do the Don Change channels as well we'll throw those on and we are at the top of those right now. So maybe we need to cool down just a little bit, but it is nice to see aetherium getting out of that yellow downtrend that's, what we need a theorem control. So many altcoins guys – and you know we really need aetherium – to get moving to get the rest of the market moving well one moment there so guys, that's, aetherium, we're gon na take a look at litecoin next and litecoins at 44 dollars and 38 cents right now. So late coins digging itself out a little bit here. Remember, how are we getting those very strong sell signals so it's, starting to dig its its way out of here a little bit more we're having a 6 cell 10 neutral and a 12 by overall, though, for litecoin? What you're, looking at after this big fall that we had we've been moving up, but our volume really hasn't been swelling with that and I'm continuously watching the volume we don't want this to turn down with some ugly bear flag where it just breaks down and that's.
Why I have this green trend line here as well, because if we start dropping below this green trend line, then it could be bombs away to the downside, but right now our best bet is to continue to try to get into some type of equilibria. Powdered consolidate here and then try to come up and take out that 200 moving average cuz that 200 moving average is still acting as overhead resistance and now that's correlating with 50 and with it being a 50 psychologically. And then you also have this other resistance level. Here at 51, so this will be a tough spot that litecoin has to get through, but we want to see us hold this green trend line. I would draw that on your charts, if I were you and then a few indicators to get into or stock RSI. We do have that bullish cross right here and it happened with a strong candle, strong bullish candle. There let's take a look at our RSI RS eyes: we've really been ranging between 54 and about that 40. Those are the areas that are supporting our resistance there, that we've been fighting back and forth. That really is it could be a neutral break either way. Then we'll take a look at our momentum is important, starting to tail off a little bit here on the momentum which that's something you always want to see, increasing or starting to move up and then let's see here are awesome oscillator as well awesome oscillation, starting to Get a tick to the green here, but still volumes low.
You always want to trade, something when the volume is a little bit higher. So you don't have all that manipulation in the market, so guys that's. What I wanted to leave you with here. Those are the things I'm looking at. Hopefully you get something out of it, but you know guys. Let me know down low what you think if you felt like you know a king on some days, when you make a great trade and other times you know you just get down but that's, where mentally you have to push through. You have to push through. You know you can't fear missing the last shot. You got to take it. You know what I'm saying so that's, why I always loved Michael Jordan and Kobe Bryant and those guys just their mindsets. I love that type of mindset so guys take care.