Oh my apologies X, but you do have your account about a counterfact down you.

Cupcakes were sent to Twitter and or to X support and obviously they like cupcakes so they gave me back my cup.

Hey to everyone in G-Sec, jumping in the comments and YouTube and X watching in now.

As always, if you want to get the whole weekly wrap up, join us.

We're getting started in crypto.com because we are busy.

There's always something going on inside the group, even if it feels like nothing's happening in crypto.

So let's jump into the very, very, very exciting Bitcoin chart.

So I'm going to get my squiggles out this week.

So because I think squiggles is the best way to know where we're going.

So let's go squiggles, squiggles, squiggles, maybe a bit of a squiggle down to here and then That's when I'm going to get the magnets and rockets out.

So, you know, we're waiting on FOMC to come in and save the day, not raise the rates again this month and it'll be all amazing.

So, you know, while obviously there's still alt plays and that sort of stuff happening around the market.

Bitcoin going sideways like this is not a bad thing.

It just means that a lot of the alts can complete their patterns and then they'll probably pull back 1 more time and then we'll have a greater sort of run.

But yeah this is this is deep bear so we're kind of looking you know slow motion like charts wait till we get to next year and we start hitting you know the start of the bull run and you'd be like oh what bear market so it's like all forgotten we've got green green green green green right now we've got red red red red red but yeah So the 12-hour chart looking likely we're going to get you know some sort of small cross on the EMAs here which is this region here coming up to touch that 100 MA.

The daily not looking much different just sort of you know the choppy region here we don't want this to cross down but it may do and then you know we'll sort of hang sideways for a bit not that we're not used to that We can see that this is the three-day chart, so we've got a cross happening here which is kind of good in a way because this is a 50 and 200, so those crossing is quite a good sign.

We want the 100 and the 200 cross, that's another good sign because that means we're going up.

So we can see that the MACD on the three-day chart is got less cell pressure at the moment.

It probably will if we get this last drop down.

So, and the thing is with this last drop down, if we go back to this chart here where we're looking at around sort of 22, 23-ish, go back to the 3 day chart, We've got a cross support.

So normally, cross supports are a good sign that this is about to get a momentum change.

So when we go on to this 3, this is a weekly chart.

We go down to the stock indicator and we can see that you know we are bottoming out so each and every time we've come down to the bottom on the weekly on this indicator which is this point here So we went up for this much here.

So we haven't been right down to this point for quite some time.

We did get a small bounce in this region as you can see here.

So when we look at that, it's looking kind of good.

So this is our point of the cross here and we came right up to the top before we got across in this region.

So you know that's a hundred and 2 percent on BTC.

So it's like if you're not making money in BTC and you know obviously it's slow at the moment but I think we're just about to change that momentum.

We're only a week or 2 away in my opinion.

We just need to finish this little tiny bit.

Is it the market that's done that to you or anything else or what?

I'm getting rid of him tomorrow, by the way.

Yeah, well, I'm sending you elsewhere, so...

OK, since you're sharing everything in the world now.

So we're just waiting for this last little bit of BTC.

Smash the buy button on Bitcoin, that will help.

Yeah, send it to like, this is my, you know, upper target here on this wave.

You know, it's got potential it can do that

yeah absolutely yeah even if that what do you reckon it could get to 40k as part of the classic Christmas run that we always used to get or is that now a thing?

Yeah, see, you know, it obviously bear market.

I think we'll have a small run, you know, it's got to be better than this, hopefully.

So, but we're not out of the woods on this section yet, little bit slow in this section and then we should get you know our alts are all bottoming out as well so a lot of those are you know pulled right back they've done a lower low on the overall patterns so I think we're due a bit of a run porcelana as we've seen in the last few days with the threat of FTX selling.

So who knows if FTX are actually going to sell and whether this is just like the new Mt Gox.

So I just, yeah, I can't tell either way, personally.

So I think that's just fud, fud and more fud.

And once that sort of clears out of the way we'll see the good news cycle coming and yeah I agree to mark it.

Okay cool well we are going to jump back into getting started in crypto and do some charts and talk a bit more.


Speaker 0: Hello everyone!

Speaker 1: How we doing? Twitter, YouTube and G-Sec.

Speaker 0: My room is X, YouTube and G-Sec.

Speaker 1: Oh my apologies X, but you do have your account about a counterfact down you.

Speaker 0: Yes. Cupcakes were sent to Twitter and or to X support and obviously they like cupcakes so they gave me back my cup.

Speaker 1: So now

Speaker 0: I can harass everyone.

Speaker 1: Yeah, exactly. Hey to everyone in G-Sec, jumping in the comments and YouTube and X watching in now. As always, if you want to get the whole weekly wrap up, join us. We're getting started in crypto.com because we are busy. There's always something going on inside the group, even if it feels like nothing's happening in crypto.

Speaker 0: That is correct. So let's jump into the very, very, very exciting Bitcoin chart. I think that was a lot of sarcasm there. So I'm going to get my squiggles out this week. So because I think squiggles is the best way to know where we're going.

So let's go squiggles, squiggles, squiggles, maybe a bit of a squiggle down to here and then That's when I'm going to get the magnets and rockets out. We're not quite there yet. We're nearly there. So a little bit more pain. So, you know, we're waiting on FOMC to come in and save the day, not raise the rates again this month and it'll be all amazing.

Speaker 1: So playing the bounces.

Speaker 0: Pretty much. So, you know, while obviously there's still alt plays and that sort of stuff happening around the market. So it's not all down to Bitcoin. Bitcoin going sideways like this is not a bad thing. It just means that a lot of the alts can complete their patterns and then they'll probably pull back 1 more time and then we'll have a greater sort of run.

But yeah this is this is deep bear so we're kind of looking you know slow motion like charts wait till we get to next year and we start hitting you know the start of the bull run and you'd be like oh what bear market so it's like all forgotten we've got green green green green green right now we've got red red red red red but yeah So the 12-hour chart looking likely we're going to get you know some sort of small cross on the EMAs here which is this region here coming up to touch that 100 MA. The daily not looking much different just sort of you know the choppy region here we don't want this to cross down but it may do and then you know we'll sort of hang sideways for a bit not that we're not used to that We can see that this is the three-day chart, so we've got a cross happening here which is kind of good in a way because this is a 50 and 200, so those crossing is quite a good sign. We want the 100 and the 200 cross, that's another good sign because that means we're going up.

So we can see that the MACD on the three-day chart is got less cell pressure at the moment. This RSI is right down the bottom. It has gone lower. It probably will if we get this last drop down. So, and the thing is with this last drop down, if we go back to this chart here where we're looking at around sort of 22, 23-ish, go back to the 3 day chart, We've got a cross support.

So normally, cross supports are a good sign that this is about to get a momentum change. So it's looking good. So when we go on to this 3, this is a weekly chart. We go down to the stock indicator and we can see that you know we are bottoming out so each and every time we've come down to the bottom on the weekly on this indicator which is this point here So we went up for this much here. So we haven't been right down to this point for quite some time.

We did get a small bounce in this region as you can see here. So when we look at that, it's looking kind of good. So this is our point of the cross here and we came right up to the top before we got across in this region. So you know that's a hundred and 2 percent on BTC. So it's like if you're not making money in BTC and you know obviously it's slow at the moment but I think we're just about to change that momentum.

We're only a week or 2 away in my opinion. So, it's not much. We just need to finish this little tiny bit. Little tiny. So, yeah.

It's driving me a bit crazy. But yeah, just little tiny bits. Tiny.

Speaker 1: Is it the market that's done that to you or anything else or what? I don't know.

Speaker 0: It's probably you. I'm getting rid of him tomorrow, by the way. I'm sending him to the UK.

Speaker 1: Yeah, well, I'm sending you elsewhere, so...

Speaker 0: Yeah, I... Yeah.

Speaker 1: OK, since you're sharing everything in the world now. Anything else you wanted to share?

Speaker 0: Yeah, so that's probably about it. So we're just waiting for this last little bit of BTC. Last little bit. So, and then. So yeah, smash the like button guys.

Smash

Speaker 1: it. Smash the buy button on Bitcoin, that will help.

Speaker 0: Yeah, smash the buy button. And then, you know, we'll all be happy. Yeah, send it to like, this is my, you know, upper target here on this wave. So send it to 41.

Speaker 1: Wow.

Speaker 0: You know, it's got potential it can do that

Speaker 1: yeah absolutely yeah even if that what do you reckon it could get to 40k as part of the classic Christmas run that we always used to get or is that now a thing?

Speaker 0: Yeah, see, you know, it obviously bear market. Last year was a bear market. This year's bear market. I think we'll have a small run, you know, it's got to be better than this, hopefully. So, but we're not out of the woods on this section yet, little bit slow in this section and then we should get you know our alts are all bottoming out as well so a lot of those are you know pulled right back they've done a lower low on the overall patterns so I think we're due a bit of a run porcelana as we've seen in the last few days with the threat of FTX selling.

So who knows if FTX are actually going to sell and whether this is just like the new Mt Gox.

Speaker 1: Possibly, possibly.

Speaker 0: How do we scare the market? It used to be China. It used to be Mt. Gox. Now it's FTX.

Speaker 1: Yeah, that's a good point.

Speaker 0: New way of doing it.

Speaker 1: And a lot of fud about it. So I just, yeah, I can't tell either way, personally.

Speaker 0: Yeah. So I think that's just fud, fud and more fud. And once that sort of clears out of the way we'll see the good news cycle coming and yeah I agree to mark it.

Speaker 1: Okay cool well we are going to jump back into getting started in crypto and do some charts and talk a bit more. We've got some chart requests coming in. So let's say goodbye to YouTube.

Speaker 0: Bye YouTube. Bye.

See all Lisa N Edwards transcripts on Youtube

Weekly Wrap Up 11.09