Focus On Trend

G'day ladies and gentlemen, welcome to the Trader Cop Crypto. Oh, but welcome to the Trader Cop car, my goodness. Welcome to the Trader Cop Crypto podcast. That's all I need. He said it about 2000 times since I started this bloody podcast, I couldn't get it out. That's the effects of having chronic fatigue syndrome. Yeehaw, sometimes you get the brain fog and you can't think properly. Anywho,

we join each other on what has been a relatively slow day. Yeah, there has been a number of these relatively slow days and today is yet another with the entire day's trading range being that. Oh, let me tell you, 1.2%. That's how much it has moved since the market opened. Very, very, very slow day indeed. And look, in all honesty, we may see a real slow

grind into Christmas. So look, insane. I mean, I'm only talking about what I'm seeing on the charts right now is a market in a consolidation. You know, we've got some support down around roughly speaking, 15,467. I know that's very roughly, but that's the region I'm looking at. We've got two tests of support at the years lows. That is the years lows of 2022. The current lows

in this bear market. And what I'm seeing is not a great deal of enthusiasm to the long side, all the short side at the moment. Yes, they bit coin close down 1.27%. And that represented a pretty decent move considering the day before close down 0.17. 0.36. And the day before that, the day before that 0.46 and the day before that was 0.03%. So to give you

some perspective, since the, what was it, since the 24th of November highs, we have come off to our current position, 3%. It's not doing a great deal. Second to that today's candles on the lower timeframes and the best chart to look at really, if you want to see what confusion looks like is the one hour on Bitcoin. It's really terrible. You know, we had a can.

line is we look for opportunity. And where do we find that opportunity? Well, this can be tricky at times as to where we can find trade. So, we've got a lot of trading options. It does all come down to, in my view, finding those markets that do have a trend that do have some cyclicity. Now, like coin had been lighting the way. How about that for

a pun? Didn't even mean to like going to be light of the way for a while with it's very strong trend. And it still is there on the daily for the most part. But there's not many charts out there that are really got a rocket or really falling hard. The list that I've got from my scale, my watch list today, but I've done this list a

couple of times. Now, I'm sorry, I've gone through everything a couple of times. Now I've got 8C 98, sweat horrible name for a project. If you ask me, but you didn't. And D Y DX, as well as Blue Zell with a level. But none of which are ready to be traded just yet. So for the time being, it is very much a period of waiting and

being patient. And that's okay. Because if you're still around in this market right now, well, then you survived a lot. And you've obviously got a good purpose. You know why you're here. And you know what you're doing. So it doesn't change the fact that opportunities are going to come around. And this is an opportunity that we have now is to focus on what is important. What

is important. Well, what's important is that trend. That's the Clicity. And guess what? Whether being the silly season at this time of year, it's not a bad time to sort of take a bit of a breather at times. And the market is giving us exactly that. It is giving us the opportunity to not have to be sitting there all day watching things because there's not that

much to watch. So let's go through our top 10 and just see what we've got as far as movement so far. Well, Bitcoin still holding above 16,000, 16,262 up.4% a day. Ethereum. Well, it closed down a bit more yesterday, 2% down yesterday, still off the lows. And you know, right now we're at 1.3% at $1182. Again, not a chart that's got any ins, you know, not

providing any inspiration at all. It is a bit of a mess and a chart that does not interest me in any way, shape or form. Then we go to Binance, which yesterday had a bit of a sell off. Not quite sure why, but 4.64% Binance sold off. It's up 0.9% today at $295.67 as it really tries hard to reclaim that $300 mark, which it's failed to

do for the last couple of days. Well, sorry, after selling off yesterday, did yesterday have a high of 309 but sold off quite abruptly. XRP. One of these charts that I've been sort of a little bit frustrating, actually, the 4-hour downtrend is there and it's not bad, you know. It's really not bad. It looked to me like there could be a short coming up in the

next 20 minutes. However, the problem that we've got is a stick to the cradle rules. We need to have the moving averages in the correct order on the 8-hour, which is only the next high time frame to the 4. And it looks just not there. The moving averages are not in the correct order. And it's a bit of a dog's breakfast and that's what the rest

of the market looked like for the most part today. It's down 1.2% at 38.3% after yesterday selling off 1.9%. Doge. Well, don't know why, but it's up. It's up 6.8%. So far, sitting at 10 cents right now after selling off yesterday 3.6%. And doge does have a trend there on the 4-hour. It's just that it's not really presented in the opportunity because of some of those

messy charts that we've been seeing for a while. On the card, Danna, which is up half a percent, 30 cents on the dingaling, yesterday closing down 2%. Very side ways. Yes, there's a 4-hour downtrend. Is it with good cyclicity? No. And one of the things that you can just quickly do if you're using trading viewers, you can zoom in, you can zoom out. I suggest you

zoom out on any time frames that you're looking at because I'll give you a really good picture of how unstable the market's been. Yes, we have seen downside. Yes, we have seen a little bit of upside from time to time. Downside for the most part though. But just the way that it's been doing it, it's been sort of having these abrupt falls. Out of the blue,

which is fine, but it's not really been lasting. We'll have these, you know, 5 or 6% moves to the downside. Then we'll pop back up against 6%. And we're not seeing this a Clicity forming up. And that's what we really need for these strategies to work. And they do work, but they've got to be worked in conditions that allow for us to be able to make

our money. At the moment, we're lacking in that. Cardano up 0.4 at 30 cents. Magic was down yesterday, 2.6% is up 1.2 today, 83 cents, a very hitier looking chart as well. Nothing really to speak to. On the dark, which was down yesterday, fairly significantly 3.1%. I say significantly, that's significant to the rest of the market in the top 10. It's up 0.6% today at $5.16.

And although it's consolidating on the four hour, there are really no levels there at this stage that provide us a port level for us to look for a breakdown. So we wait. Solana yesterday was down as well, down 5.5%, which is a very small candle. But looking at Solana, given the moves that we've seen of late, it's a $13.43 up 1% today. And finally, sheba, it

was down yesterday, 2% today, up 0.8% and not much to speak of. So like I said, it is a really good time to be focusing on you being the best you can be at whatever it is you desire to be. If it's trading, have a look at our discord group at some of the some of the posts. We think that's a really good breakdown as well,

which is a good breakdown. So the new system has been put up some really good breakdowns there, scrolling to the lower time frames and really testing some theories out. Of course, this is what this is Niels' view and Niels' way of trading. It's not, you know, it's the way the breakout is meant to be worked. But, of course, we're all here for each other to do

the best that we can be. So I can congratulate him on doing so, very good to see him not being rattled or shaken beyond repair with the recent goings on. And I hope that's the same for all of you. Yeah, take a break if you need it. Got no issues with that. I think it's not a bad idea. And you know what, coming into Christmas, I'm

damn sure I'm going to be taking a couple of weeks off at some point. It's been a really rough year for many reasons. And, you know, the back end of the year was sort of getting some really good momentum and then the FTX hit thing hit. And it's kind of just not the wind out a little bit, but, you know, what can you do? I keep

talking about eating elephants. Well, a couple more bites a day, great afternoon guys. Love you to death. I'll speak to you again tomorrow. Bye for now.