162 Hike Video

0:00
Happy Wednesday to you, 2020 is your year. I hope you guys are having a good day! We’re gonna get into some of the teaching A promised you guys we’d be doing during the bull rally. And so I’m gonna be taking you guys through maybe a couple of different videos, but this, first one here, we’re going to label this as Price Discovery.
0:22
one of the things I’m going to show you, I’ve showed you before, but uh, we will, we will kinda recap that, so mostly what we’re going to be using is Fibonacci and just to give you guys a refresher, I’m using, what’s, what I call, the grand sequence.
0:51
So if you look right here, on my templates, I have a grand sequence, grand sequence, white template.
1:02
OK, and all I have in here is Fibonacci numbers. Now.
1:06
one of the reasons why, when you’re figuring a fib grans sequence, one of the reasons that you don’t use the 2 because 2 is a Fibonacci, is it’s the only Fibonacci that you have, that you multiply a number by itself. So 1, 1, 1 and 1 is 2. 1 and 2 is 3, 2 and 3 is 5. 3 and 5 is 8 and 1 and 1 is the only one where you’re using the same number.
1:36
So when you’re using grand sequence, you want to just to leave out the two, OK for that reason.
1:45
Now when we’re looking at grand sequence, you want to also look at the granddaddy chart, right. So in this scenario, you can start from its start point.
1:55
Draw your line up here and then what you want to do.
2:01
You want to bring this from where it really actually started. This really actually started below a penny.
2:09
I don’t know if I can get there. I went past it, but that’s real close, right there.
2:14
So, this actually started from down below a penny, and that that line is below a penny right there, OK? And then you take it to your top. This is going to give you future targets to consider when Nio breaks out.
2:28
So, is it any wonder to you guys why I have a 600 to $650 target on Neo, right there?
2:38
So, as we go to a new all-time high, now there’ll be stopping points along the way, but as this breaks when this breaks, and it starts, once we pass, the one, the Fibonacci of one, it really opens the door all the way to here.
3:01
It’s just a matter of how long does that take? What is the cycle like?
3:06
Does it go past three and does it continue on to five?
3:12
Does it go past five and continue on to eight?
3:16
Yes.
3:17
It does all the above.
3:19
Now keep in mind as I’ll show you some of these techniques, this is crypto and crypto gets really, really, really bullish.
3:27
So as it gets really bullish, um, what you can do is you can understand how you’ll get a lot of Wix.
3:36
And maybe even some candles hanging through your Fibonacci lines.
3:41
But, no big deal!
3:42
So what you can do, once you, Once you mark that, is, you could actually take to get rid of your fear, though.
3:52
You could roughly go here.
3:56
And then, you can also do here.
4:03
And then you can just get rid of your Fib.
4:06
So, those are your first two targets, 621,035, and you can have those way up there on your grand sequence, OK?
4:14
Now, what I want to show you, it’s a technique that we used to use when I was a day trader and I called it the 162 hike.
4:24
The 162 heike, because if you guys haven’t noticed when, something gets really bullish it, would remind you of having to hike up a hill.
4:32
OK, So what I want to do is I want to grab this part of the chart. I want to see if I can bring it down to maybe, Maybe three days.
4:43
Let’s see if that a workforce let me pull it over here, I think this will work for us.
4:51
And I want to show you guys a little Fibonacci sequence that you can use now.
4:57
the reason I’m showing you this is Because right here, when Neo was right there. And this was actually, I think it was just re branding into Ant chairs.
5:08
one, it was right here.
5:10
When it goes past this ha, right here.
5:14
Like, we’ve done, for example, on chain link like we’ve done now on Tez, those.
5:21
You’re basically into all new price discovery, and that’s where you can, That’s where you can use your grand Fibonacci.
5:29
OK, and you can use the 162 huyck. All right, so let me show you this.
5:35
Let’s pull this back, and we’ll do this.
5:39
And like I said, just bear with me, because.
5:44
We do need to realized that this is crypto.
5:49
So let me get a different fib here.
5:53
And, me pull it this way.
5:56
And, let me get a different chart. This is my lines only. Here we go.
6:04
OK.
6:08
And just to make this a little easier, I’m gonna do one other thing on this.
6:13
I’m going to knock out and I’m going to knock out this 1 this 1 and this one and that way you guys can see this a little better. And what I’m gonna.
6:24
Do is on the top the 1.618, I’m going to take out the 272 and I’m going to take out the 361 and for this two right here.
6:36
I’m just going to make that a 200, so that will basically be 200 times the price, OK.
6:45
Now.
6:47
Let’s put these in place.
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And let’s start the very first.
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Part right here.
6:59
And the reason we’re starting right here, is because you had your first pump, and then you had your Pullbacks. So this would be your zero line.
7:08
Right there, OK, so that’s your zero line right there.
7:12
First Pompe Pullback Higher low next pump.
7:17
Now what we would do and I’m going to take one more number here just to really clean this up Let me check out the 2.618 there We go, that one right there And we’ll get rid of that too.
7:28
And we’re just going to use the 1, 6, 1, 8 and the two and we don’t even need that one.
7:34
All right.
7:34
Now watch how this works, guys, I’m going to pinch this down and bring it down here a little bit.
7:40
So what I would do is I would pull my extension.
7:45
So we had this first pump Then you have a pullback once you have your pullback Which you can look at any chart And go to your pull back once you have your pull back from there.
7:56
I would then go 1.618 and the two and so right here What I would do on my chart now remind you.
8:03
I was doing this on a 15 to 20 to 30 minute chart Pretty regular and what I would do is I would go, OK, there’s my target right there.
8:15
And you find out just how strong it is, by does it go up above the the 1.6 point 8, or does it not.
8:23
OK And so this is your target and on the approach you’re watching what’s taking place within those candles.
8:31
In this scenario It was you know, went exactly to the to the 1.618.
8:39
Now We’ll get rid of that So, now from there.
8:41
for Missouri Alon, you can bring it to the next line, Which is Right here. And that was the last place?
8:50
You had a one point 6 1 8.
8:55
If you look at this, all the way to right there, it touches it.
8:59
If I was day trading this, and these were 15 minute candles, I’d have my target right there.
9:05
On the approach to my target, I’m liquidating.
9:09
If if it’s if the momentum is really strong, I’m reading the hourly chart, I’m looking at the …. I’m looking at my oscillators.
9:16
If all those are starting to diverged on smaller, smaller timeframes on the approach of 1.6, 1 8, I’ll just start liquidating right there, OK.
9:26
This is all new price discovery. The moment we passed this line right here.
9:32
So, the moment we pass that line, all of this is new price discovery.
9:37
Notice how once it broke that line, and it came up to our first, this was originally R 1.618 right there.
9:44
Notice how all these candles right here.
9:47
Every one of them closed above that line.
9:51
It was telling you the The ball has bounced through the ceiling.
9:55
And now it is come back and it is holding on top of that ceiling as the new floor. So, you can start to look to your next level.
10:06
If this right here is our new level, let’s get rid of let’s get rid of our target box.
10:17
And let’s move this up to the next level right here, right there, right, where the 1.618 was that, that’s where it was up.
10:25
Now, look each time down here it pierced through the 1.61 A on this one right here, it almost got to it.
10:36
This one right here, right at it.
10:40
So, you can basically, and again, you’re you all, this is all new price discovery, right?
10:48
So, if you’re following, not only the price discovery, but also the wave pattern.
10:55
Right, if you’re going to do the wave pattern here, where you’re counting your waves all the way up.
11:02
This was a pretty simple one here.
11:06
See if we can draw this in.
11:11
We had A one up to here, a two.
11:16
Back to here, This was your three, because there’s five waves there.
11:22
This was your four, and this was your five.
11:25
So, again, you can pick out your targets.
11:29
So let’s blitz back that up a minute. Let’s just back that up a minute.
11:34
And let let’s do it without the chart.
11:38
Let’s do it without the chart. So watch this.
11:41
This is how you can start to pick up on your own targets.
11:46
So if this is here, and you have this much of the chart, but you don’t have the rest of it, guess what? The first target is right there, 85, 30, 85 3, 39, OK.
12:00
So what you would do is you would say, OK, my first target is, and let’s do it this way.
12:12
85, 39.
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That’s your first target.
12:18
Just put that over there.
12:20
Now, You move this up to 85 39.
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Roughly.
12:29
85, 60, 180, 508. That’s good, right in there.
12:33
Here we go, your next target is $130.
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$130.
12:47
Then you move this up to $130.
12:56
Right there, and it gives you your last target of 203.
13:02
Now, we did that without the chart, two.
13:07
Oh three.
13:09
Let’s see how that played out.
13:14
Alright, first Target was 85, 39, 86, 14.
13:20
Second target was 1 30.
13:23
That made it to 135 46.
13:27
Third target was two oh, 2 oh 3.
13:31
It made it to 207 Without The Actual price, you figure it out Just by having and where are you would have started to figure this is right here You would have taken on this day right here this three day Kandel right here And You would have actually went ahead and figured your Fibonacci from right there You would have figured it up from right there because now the chart has told you You’ve got a low here.
14:00
You’ve broken your trend line.
14:03
Let me show you this.
14:05
You’ve broken your trend line down.
14:07
You had a low, you came up, you came down, you made a higher low in an ABC pattern.
14:13
And now, on your second swing, you’ve broken across the top of there, so you would have had one Trend line here Just like so And You would have have one over here All the way across the tops of all these candles and on this break you could have gone ahead and figured your Fibonacci and now you would have watched. And then here’s here’s the other beautiful thing about it.
14:39
If you had figured to yourself that We were gonna go past this high, and You’re going to do it, and it’s going to be all new price discovery normally when you pass How high over here just like we’re about to do on Bitcoin?
14:54
You’re in the midst of a wave three.
14:58
So that’ll actually show you kind of where your wave pattern is.
15:02
We would have had a pattern like this, an ABC correction for two and now you’re going to have five waves up.
15:10
So 1, 2, 3 to there, 4, five, roughly, something like that.
15:18
Then a short pull back, you see how there was quite a few candles for two?
15:23
You can always now expect four to be pretty simple.
15:25
1 to 1 whole 3 day candle and you were gone again.
15:30
So a simple way for a complex wave two all right.
15:36
And again, you had your price points picked out and you could attract it with your wave pattern and said, hey, I’m still in this trade, I’m still in this trade.
15:46
And where I want to get out, is I either want to take profits here and either A reload on four or B take half off, reload C, take a third of that. I’m perfectly happy with. I’ve gotten all my seed capital back and then from there, I’ve even made some money, and I can leave the other two thirds in for the rise up to here.
16:10
And take your rest off here.
16:12
The other thing, you can, of course, always do, if it’s moving fast, like this could take months, in this case, it really just took days and when it’s moving fast like that, you can just hang on for the rod, OK.
16:24
And so, the 162 hike, 162 heck, why is it called, that.
16:30
It’s called that because we’re using the one point six one hundred eighty extension here, in fact, let me, let me.
16:42
Let me do it like this.
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The two we’re going to use.
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Is the 1.618.
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Let’s make that one bright white, There we go.
16:56
And we’re using the 200%.
17:00
And we’ll make that way.
17:03
So that’s your target is between here right? Right in-between there, each time you move that up.
17:10
And that can keep you in a trade during brand-new price discovery because once something breaks out, you have no clue where it’s gonna go Absolutely zero, klu unless you have a method to your madness.
17:22
Now, Let’s go do this on something real-time today, like for example Chain Link and maybe tomorrow will do tells us.
17:32
I’ve got a call I gotta be on here shortly So where I won’t have time to do both. But let’s see what we have here. That’s, this is by Nance.
17:40
And this one is Coinbase will use buy Nance.
17:46
So we’ll do chain link.
17:48
Let’s go first of all, and let’s plot our grand sequence so let’s put the one month up.
18:00
Now, mind you, that For right now, because you have multiple months, right here. This would have been your first pump. It’s just, your first pump wasn’t in a bull rally like Neo was.
18:15
So we’ll come down here.
18:18
I grabbed the wrong thing, come down here.
18:24
And let me switch this over to my other template.
18:28
Fib sequence chart.
18:30
Nope, That’s not the one I want.
18:32
Grann sequence chart, there we go.
18:38
So, there’s our zero line right there at the bottom of this red candle.
18:42
This was our first pompe right here.
18:48
I would probably put it right there, just right there.
18:52
Notice because that was one, when we came down and bounced, which by the way, was off the top of this, let me, let me stretch this out a little bit so you can see a little better.
19:05
OK, so notice, we had a little pump to there, came down, Broke here, came up.
19:12
Then you had many months for the consolidation right here and guess what. Your ball.
19:18
Almost to the top, to the bottom, halfway, up to the bottom, to the top, to the bottom, and then the ball bounces through right here.
19:27
OK, I told you guys a few days ago, I saw $2022 was a good target, look right here, 18, 68, and this is strong as train smoke.
19:39
So, because it’s so strong, I would expect it to over perform, not just barely get to the line.
19:49
My anticipation is probably something like, um, comes up, gets close to this line, this 1968, and then sells off all the way down to here.
20:02
Then comes up, breaches the line, and comes back in.
20:05
And by the time you’re done, you’re gonna have probably 2 or 3 candles that hold this 868.
20:12
But You get a push that goes all the way up to maybe 20 to 24 and like I told you before I had a target of $27.
20:20
Right here is 20 none.
20:23
OK, now from here, let’s do some real Tom Ford on the hike. And just keep in mind. This is pretty parabolic.
20:31
So let’s do it, prop. Let’s try three day and see how that works.
20:42
And let’s go ahead and let’s take our grand, let’s take our grandma off.
20:50
Let’s get rid of that You kinda know what I’m looking at there, the 18 to $19 range, OK, and now.
21:06
Over here, because you made a new low right there, OK, he made a new low.
21:15
Change my Template over.
21:24
No, I didn’t save that data.
21:28
No problem.
21:30
We can just knock these out real quick, just like so.
21:35
This one will be the two.
21:39
No, no, no, no, no. No, I don’t want to knock down, OK.
21:44
And I should actually, let’s just save this, save as 1 62 hike.
21:54
Extension.
21:57
OK, safe, so now we’ve got that saved.
22:05
So we’ll go there.
22:10
Pull this back to here.
22:14
Now, look, this is what I was showing you, And this is strong, if you were going to do your box between the 168 and the two look right here, There was your target.
22:29
Right, they’re plain as day.
22:31
So you go right through the 168, and then when you get to 200% of this lower move right here.
22:38
Remember the bouncing ball, this always works kind of together.
22:42
So now what you’re going to do get rid of your target there.
22:49
And take this up to the next high.
22:53
We’re just now hitting the two.
22:58
Now, I will say this, you’re looking at a three day chart if we break this down. We would have actually changed our target a little bit watch this.
23:08
See how we had this pullback here?
23:10
That would have been our line now watch.
23:14
If we could come up to the 1 6, 1, 8 right here and we have 1, 2, 3, 4 candles that Hill held.
23:21
We would have now moved our fibber oops, sorry, let me grab it over here.
23:28
Pynchon together a little bit from Pullover.
23:33
Now, we move our Fib out to here.
23:40
And actually, it will put it exactly, where it was when the price stopped on her last line. So bout right there.
23:49
That’s giving you the next target of 20, $21.
23:54
So, again, I’m showing you how when I come out here and say, hey, if we pass seven.
24:00
Then we’re going to 13 and if we pass 13 strong, we’re going to go to 20 or 21. I’m showing you how I come up with that price discovery.
24:10
Now this very well could have a blow off top right up here.
24:13
I mean it really is very straight up So you could get here and take profits and it goes all the way to there.
24:21
And That’s just part of the game. You gotta be happy You got entered a dollar 50.
24:25
You got dollar 70 you got out at 21 bucks Hallelujah, go home and have a hallelujah break down party.
24:32
OK, but so from right here.
24:38
The other thing you can always do too, because you had a good pullback here, and you had a good pullback there is you can start to work it up from down here.
24:47
Right there.
24:49
Because now you had an actual real resting point, OK?
24:53
And if you look at that resting point, that gives you $18 impossibly here, would give you $19.
25:03
So again, Like I told you guys the other day Price Action is going to tell me whether I’m taking profits off.
25:11
Here’s, here’s something you want to be cautious of, once we get wherever it’s going.
25:17
And I believe, if we look at this, go back to our three day.
25:26
What I really think we have going on right here, is I think we have.
25:33
OK, A one A two and let’s call $320 Probably from three You’re owning an a pullback to about maybe 14 maybe down as low as 13 50 ish could possibly go to 12 OK, And then up to here And by the end of September maybe up to like this And that cycle would have completed itself Because of what’s coming in 20 21 From there.
26:10
I believe that hour R So if that if all that whole cycle was a one up.
26:19
Let’s say, OK?
26:23
I believe there’ll be a very short in the spring pull back.
26:27
That doesn’t come back a lot, not, like it’s going to come way down here, Like, we got in the bear market of 20 18, in 20 19. That’s not going to be the case.
26:38
This is going to have to be a very fast correction.
26:44
So, if we, if we do something like, Let’s do something like this.
26:48
Let’s go all the way to here.
26:51
And let’s do this fib Let’s just use the lands only serve there we go.
27:01
So 50% of this whole move would be pulling back to 14 50, 61.8 would be back to 169.
27:09
So just keep this in mind, if you’re going to take your profits, Remember, go look at the By Nantz chart.
27:16
Finance goes way up.
27:19
I waited and waited and I waited. It finally gave it to me, But it was a bear market that it gave it to me. And then it kept going up.
27:26
I think by nance’s move would have been way bigger if we hadn’t been in a bear market way bigger.
27:32
But because we were, it wasn’t giving you an opportunity to buy your coins back way down here, OK?
27:40
And if you look at the grand scale on this, I mean, this goes way on up here, guys.
27:46
Way on up here, Once the full market cycle is over, we can refigure the grand sequence chart, but this is I just wanted to get you guys started on knowing how to figure out some price discovery. When you go past a high.
28:04
Tomorrow, what we’ll do is we’ll, maybe before we get into the live stream two more.
28:11
We’ll go ahead and we’ll do Tez Ose.
28:15
OK, because now, Tez owes his make an All new Price Discovery right here, All New Price Discovery.
28:22
If you look at the.
28:27
Let’s see, here, the one month.
28:29
We’ve got all new price discovery happening.
28:34
So, tomorrow we will take a look at that before we go in, and we’ll when let this kinda sink in a little bit overnight and we’ll go again with it.
28:41
But do you guys remember that?
28:42
The 162 hike, it works on every single timeframe. It’s never exactly exact, but it’s so dog unclos. It’ll get you there. It’ll keep you in the profit, keep you in the trade.
28:54
All the above does have a wonderful Wednesday evening. I look forward to our live stream tomorrow. George has some really cool things. He’ll be sharing as well tomorrow. So, see you guys in the morning. And make 20, 20 year, year.