Did you buy it if I get some time at the end there, so those are the three to four we're gon na be going over, but what I wanted to look at today. We'Ve talked all about this yellow trend line and that's what we're paying attention to yet again today, yesterday's close, you can see how important this trend line is. We basically had a long leg, doji off this trendline, so now we are still having that fighting and indecision and now what you're seeing is a short day, candle, that's taking place and guys. Why it's so important here that we bounce off this trendline and come back up here and try to get over 10000, because if we don't all this is gon na be as a little weak reaction on low volume and then we're gon na have another leg down. You guys know how this goes so that's why we need more volume to come in, so that we can have a nice strong bounce out of here. Even if we still set a lower high, come back down into this area, set a higher low and then try to make that attempt to ten thousand five hundred dollars. We have to get over ten thousand five hundred dollars it's. So critical as we've talked about the lower highs in the macro sense have just been coming in over and over and over and that's. Why it's so important for us that at this long leg doji now, we basically had tweezer bottoms as well, that we get a move and we get some follow through, because with that doji there guys it's doji's at what I've been reading about as I've studied them.
Pretty in depth, they're more powerful for marking a top. So after you have one of those climax volumes, just huge pumps, and then you see a dozy along leg. Doji like this, that is better at identifying tops and what doji's are at identifying bottoms in terms of bottoms for doges. You want to wait for confirmation, so we'd wait to see where this candle closes today and if we can close up above it on more volume. That'S what's gon na be really important for us. We need to continue to hold this 200 moving average on the one day. Time frame. This is all on the one day right now. We need to continue to hold this 50 moving average as well, but guys when we have that heavier volume. Here we don't want this to be the start now of a new downtrend that couldn't go into the intermediate term. If that makes sense, because low volume reaction, then another high volume dump than a low volume reaction, you can see it right over here. Each time when we try to make that reaction, we had low volume, it's so important to pay attention to the volume. They'Ll tell you everything so right now guys we truly are one of the most slippery places for Bitcoin in quite a while. I mean there's just a lot. If we have a trend line break and we lose all those moving averages, all heck could break loose and we could be looking at a capitulation dump like we had over.
Here I mean that's just how this this game works, or we could find these tweezer bottoms. Like we had, we back tested our 200 moving average we're still up above the trend line and the whale steps in, and we go up there and try to challenge that ten thousand five hundred. So this is just a tough spot. I can't tell you what's gon na happen, but I'm gon na continue to watch the price action here for Bitcoin. If we take a look at Bitcoin and trading view now just to see how we're aligning ourselves so overall for the summary we have oscillators one sell to buy eight neutral right there overall buy, we have six sell, nine neutral, 13 buy and then moving averages. We have a strong buy at 11, buy one neutral and five sell, so what's been good about Bitcoin, though it has been outperforming the altcoins it's still up above it's 200 moving average, which isn't very important and a lot of other coins, we've lost it and then What'S nice: here you can go into the one week you can go in. You know to the one month, all different types stuff and it can kind of show you what's going on there. So that's Bitcoin guys you get something from that like subscribe, hit that notification bell. I appreciate you all leaving comments down there. Smiley faces exclamation points whatever just to help out with the stream and the algorithm.
It makes a big deal. So I thank you guys for that. So next and I hope you get something from all this and you really learn something that's. What I want to really do in the space help people, so what we're gon na do next is go to aetherium and there's gon na be a 189 dollars and 46 cents take a look here so for aetherium we had our high volume dump. You can see the average volume here we had our trend line, break we dumped heavy. This is the area that we want to find support off of that's at 175 dollars, and that area is also at the 200 moving average, as well as that 50. So you can see we wick down same deal here. We have basically a long leg or a doji candle here, long leg, doji or mixed between that and a normal sized doji and then we're waiting to see if we can get some high volume follow through. Maybe a bullish engulfing candle, something like that would be important for us to try to get back up within that trendline that's gon na be very important for us to get back up in that trendline and continue to go up there and make those higher highs. We need to get up above, which is now going to act as resistance again that two hundred and five dollars and that's why we talked about this if you've been here for for a while on the stream, you know that this area was resistance.
We broke up through it and then we talked about how important it was to turn that into support, and we did it for a little bit, but there wasn't a big conviction here and then we ended up losing it. So now that is gon na act as overhead resistance again and that's. Why it's so important once you get up above those to turn them into strong supports and never look back, because now, it's gon na be even stronger resistance, but this is cryptocurrency guys a lot of times. You know big moves like this can come in on a five minute candle and we can be right back to the upside testing that you know 215, but we need to get over to fifteen when you get over that 204. We need to continue to hold support at 174 dollars now if we take a look at indicators and we go into our stock RSI stock RSI is overextended to the downside, we're at three and twelve let's get into a couple indicators here and then we'll take a Look at our relative strength index relative strength index work 48, so run a little more neutral we're trying to get a little hook here, but we're just gon na have to see what type of move we get out of here or reaction after that dump that we Had so guys, that's gon na be aetherium, let me know down low if you like me cover in a theorem, you get some from that smash that, like button, it feels good and then we're gon na go into litecoin as well.
Take a look at that litecoins at 42, 28 right now, so as we're looking at litecoin RSI is at 43 we're looking to see if this was basically almost our tweezer bottom area here, okay, so same deal, we have the doji, but we need that continued. Follow through and we need more volume – I'm, not impressed with this volume right now. It would have been something impressive if we had a candle like this is what I was looking for today, like a bullish, engulfing candle, so we're really gon na have to see where that closes today, if we're gon na close back up above the 50 moving average, You can see we tested it with that. Doji guys this stuff this this. Why I'm telling you learn technical analysis because it's textbook look at this? How we even went up today tested it or yesterday tested Infeld it out a little bit there. This is what happens in these markets and, as you learned this right up here, how we came up basically tested to two hundred. It acted as overhead resistance, like you'd, expect so now we're trying to power back up and see if we can get up into those areas. If we can hold this somehow that's. What I'm saying I mean: we've had a trendline break we're below our 20 we're below our 50 we're below our 200. So right now the trend is down for litecoin and that's that's, just where you do have to realize that you know we're.
Also, looking at this support area, where we have this bullish engulfing candle right here – and that was right around 40 so psychologically, we also need to hold that area as well, and this all came on heavier volume. And if we take a look at trading view here for litecoin, we are in the cell, just I mean the guys that's. What I'm saying just looking at this, I could tell that that would be more of a cell signal. Look at this summary. We have 16 cell 9, neutral 3 by oscillators, 1 cell 8, neutral 2 by moving averages, 15 cell, one neutral 1 by so that's. Why I'm saying, as you continue to learn technical analysis, I don't really even need to look at this at all. I like to look at it after I've done everything like today. I haven't looked at I'm just looking at it with you all now and I like to see how much my technical analysis aligns with what's going on with all these oscillators when they're all calculated in and everything, but right now you know the trend is down. Litecoins best opportunity is for this to be tweezer bottoms and we get a nice strong move out of here and we close up above the 50 day moving average today, if that doesn't happen, you know guys it's, all gon na depend on Bitcoin as well. I truly believe that if Bitcoin starts, blasting off to the upside people are going to be looking at these coins that have been suppressed for quite a while and they're gon na, say: okay there's more opportunity to the upside.
In a coin like this, and I do believe, money will start flowing back in the light coin. In a theory and some of these other coins as well but that's. If we get a move to the upside, we really need to start start it right now. So guys, that's gon na be the RSI and that's gon na be light coin on the one day, time frame there and then we'll get into digi bite. Take a look at this if you're part of the litecoin family there. Let me know down low and also tell me what you're doing with light coin. You know guys we could definitely get a bounce off here today and make a little move, but we just have to see it and it has to come on more volume. Like I said, I'm, not gon na tell you that we're gon na be going to the moon, because this chart right here, doesn't like it's, going to the moon without some massive manipulation. That'S, just is what it is: mm and that's the cryptocurrency space in the macro sense guys macro sense from our 20000 top we've been in a bear market. Yeah we've had intermediate term swings to the upside. These reactions, but overall it's been basically almost two and a half years of just a nasty gnarly bear market and that's. Why, in you know not to get off on a rant here, but that's, why you don't want anything to go straight up just like how Bitcoin went from ten thousand dollars up to twenty thousand dollars doubled its price in the matter of two weeks.
Wise traders would definitely know okay, I'm, going to be taking my profits here, because nothing does that and – and there was no support that was built and it was basically a complete bubble, pop and we're still dealing with it so that's. Why you want things that you know make those higher highs and higher lows higher highs, higher lows: doesn't just go straight up, because if something goes straight up, it's gon na come straight back down and we've learned that bitcoin was at twenty thousand dollars and went all The way down to three thousand dollars and no one would have believed it when I was at twenty thousand dollars, so anything can happen in this space. Guys always remember that and then let's take a look at. Did you buy here all right, so digibytes been, you know stronger of all the coins it's really been making a nice move here. What it's trying to do is find support off this 20 moving average, and this was the moving average. We talked about and said we're probably gon na, be pulling back onto that. If you remember a few videos it's, because we started to gap away from the moving averages, so much and that's just a telltale sign that you get a little overextended, so we've put in our top here and now. What we're trying to set that higher low right off this area that we want to be support, previous resistance? We broke out through it.
We want it to be support and try to make that next move to the upside to where we could come up here and challenge that 0.02 for 18 is what we'd have to get up above and now it's, just tough guys. We have had a lot of selling volume. You see how high this selling volume is here. So there are definitely traders who are taking profits now and what's. Keeping the market held up is the hot alerts, in my opinion, right now so that's. What we need to hold we're gon na call it support on. Did you bite? 0.0167? Zero is gon na, be the area we're gon na need to hold, and then for resistance. We'Re gon na look up at zero point zero. Two four eight six and just pay attention in this volume, because this volume is a little bit lower compared to what all this has been and, like I said again, if we have just a little low volume reaction up into here, then guys we may dump hard And that's, just what you have to be aware of: okay: I'm, not saying it's going to happen, but that's definitely probabilities that you have to factor in remember at this channel upside downside sideways. We have a plan for everything how this market moves. So RSI is fifty. Eight point: one: six is what we're looking at there so a little bit more neutral we're trying to get a little hook here, see if we can move to the upside, but we need more volume that's.
What I'm looking for guys so that's? What I want to bring today didn't want to get too crazy, but you can see this uptrend started with those tweezer bottoms super long, tweezer bottoms that you rarely see that's crazy right there. I mean these wicks alone, guys were over 20, so that's, just nuts but that's the cryptocurrency space that's the space we're in. So if you get some from this, let me know down low like subscribe hit that a notification bell – god bless you all and we were charting today off the one day.