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Futures report heavy losses this morning Amid fears of an economic slowdown and Japan's Nik plunged 12.4% today as Asian Stocks tank European and Asian markets Plummeting around the world and we've Been looking at Futures and they were More than a thousand points down you're Seeing what's happening there's a Bloodbath in the markets right now and a Lot of people are pointing the finger at Japan on why Bitcoin is crashing I'm Going to tell you exactly what this Japanese carry trade means and then the Next level where if Bitcoin continues to Crash this is where I'm going to be a Buyer and we've been nailing these Trades lately so this is the market Selloff explained Japanese markets Crashed 20% the past two days because The Yen carry trade is unwinding and NASDAQ is now in correction territory Huh so Japan typically keeps interest Rates low so people borrow Yen and make Investments in higher yielding Currencies like USD and the Euro which Have been raising rates okay okay you're With me so far the trade pushed down the Yin which increased Japanese exports and Boosted local stocks but the bank of Japan raising rates in the US cutting it So now trades are unwinding or it might Be the weak us jobs report we're headed For a recession I don't know Jesse what The f are you talking about and if
You're like me you jump on X and this is Your entire feed right now when did you Become an expert in the Japanese stock Market well last night everybody last Night all right well let's talk about The Japanese stock market a little bit Here if you want to understand why the Markets are collapsing we got to watch This video right here this's only about 20 30 seconds and this explains the Japanese carry trade perfectly so a Basic carry trade is a foreign currency Trade what's the objective well here's The basic idea what you look to do with A carry trade is to borrow in a cheap Currency so you can invest the proceeds In a more expensive one and the Objective is to take the interest rate Differential and pocket it so let's have A look at a quick example um so imagine For example um I I spot that the cost of Borrowing Yen so I borrow 1 million of Them so I borrow 1 million Japanese Yen Because I've spotted the interest rate I Have to pay is pretty much 0% and so the bank of Japan has raised Their interest ratees so people are able To borrow the Japanese Yen essentially For free all right Japan's been in Recession for years and years and years Recent events are not going to help of Course um and what I re what I spot is Well actually if I invest in Australian Dollars they're paying a much better
Interest rate I can get four and 3/4 Perc so what I do is exactly that I Borrow 1 million yen and let's say at The Moment there are uh 75 yen For so people would borrow the Yen and Then put it in a different currency so If there's 75 Yen for every one Aussie Dollar you borrow 1 million yen million Just divided by 75 to get 13333 and You'll end up with 13,333 Aussie dollar so why have I done That because here I can earn an Aussie Doll interest rate of four and 3/4% so essentially why wouldn't you do It in one way you're borrowing at zero To invest at 4.75% it's money for nothing and a carry Trade is exactly that and so that is the Japanese carry trade unwinding in a Nutshell people are able to borrow Essentially for free and they can no Longer borrow for free and so now They're making less of these Investments And in fact the Investments they do have They are winding them down but what does This mean for Bitcoin today and since I'm talking about Bitcoin and I'm Talking about salana if you have one Currency and you want to trade the other You don't know how I do want to give a Big shout out to Houdini swap it is a Sponsor for for our channel is a really Really good tool for uh bridging uh you
Can send swap Bridge all types of assets I mean they're talking about 4,000 Tokens folks so hey I got all this Bitcoin but I want to open a salana long Or I got the salana and I want to open a Bitcoin long there you go big shout out To Houdini swap well I'm going right Into the charts and here we have the Parallel channel that we've been trading In and get these headphones off of me We've been trading in this parallel Channel for a long long time since March 15th or so uh looks like we Peak there At the 13th so in the channel and it Looks like we have maybe brok in the Channel and I'm going to tell you why This is not as scary as you might think And then the next level I'm looking at And then the level below that if things Really hit the fan so we click on 4H Hour to maybe dissipate some of the fear So you can see the daily candles here we Didn't close any daily candles outside Of this channel however look how insane This Wick is so now you know maybe There's a little bit of fear here but When you click on the 4H hour that's When things start to feel a little bit Different you can see the 4H hour Candles trying to fight to get back into This range But we've been out of the range on the 4our candles in the past in fact we did It kind of recently where we closed two
Candles for a total of 8 hours outside The range and if you go even before then Folks it was even more bearish right There you know we Peak into it another Candle a third candle closing the fourth Candle the fifth candle the sixth candle The seventh candle all outside of the Range before things got really really Bullish and if we just uh kind of Measure this move here we got a 16% pump In 5 days now what is the next level Looking at if we break this Zone because There's no guarantee that we're going to Close these 4 hours and then later the Daily candles within the range the daily Candle right now still 6 hours away so There's going to be a lot of fighting by The Bulls and the bears but I wanted to Point out this blue line right here and We're going to click on 4 hour just to See how important this is this is right Here at 53,486 5th of July so this is 4th of July weekend there's a lot of volatility There but we really got to go back to The previous cycle to see why this Levels important now we Wicked down and Folks we're hitting some of the areas That we are hitting in 2021 so you can Kind of see what the price is going to Do in 2024 based off what it did in 2021 So this is 2021 and look at that right There this was a perfect level of Resistance right there and another level
Of support and support but folks it is Hitting this thing down to the quarter Like a dollar and so when we're talking About Bitcoin $50,000 plus and we're Hitting these levels to a t just shows How strong that these levels are so that Was the previous level that was very Very important in 2021 and when we look Right now it looks like it's important As well today I'm trying to use the time Machine to get to it but boom you can See it right there very very strong Level so what is the next level some of You people with the sharper eyes you Maybe saw a little bit of a finger right There I'm talking about this level right Here we're going to go ahead and draw a Horizontal line just so we can see how Important this level is so we go here Click horizontal boom let's catch that Wick right there this is the next level It's going to be a hair above 48,000 Honestly if you go to the Daily the 4 Hour you know maybe you can even uh push It a little bit lower so 48,000 very Strong level last cycle I think it's Going to be a strong level this cycle if Things get more bearish now this is According you know whatever might happen Geopolitical What might happen with Japan stock index when it opens tomorrow Which will kind of be tonight at us time But 48,000 very very important level
Especially when you click on the 4 Hour You just see how strong it was it was Acting as resistance for this bull run In 2024 and if we come back to the Downside is going to be important again Now 48,000 was important when things Were bullish as we're starting our Uptrend into October November 2021 that Was the cycle top actually you can see It acted as resistance on the way up and Then kind of acted as support on on the Way down you see it acted as resistance On the way up and you can see it acted As resistance on the way down and so Honestly it almost feels like a bearish Level to me but then you can see closer In the bull run period of the first half Of 2021 it was a very strong level again Acting as support boom perfectly right There and boom perfectly right there This was in April right before the cell In may walk away so this was a very very Strong level for the Bulls to hold on to And the Bulls were able to hold on During this bull market now I think this Is also going to be another strong level For the Bulls to hold on to and so I Don't think if we crash below this uh 52 52 500 range this will be the next level I'm going to be looking at $48,000 and So 48,000 is my level I'm going to be Watching so you may be at home asking The question Dey what do you feeling About the markets right now do you want
To open along do you want to just be Short on the market well folks we Actually are long I am long in the Market right now you can see you know We're doing pretty good in this trade We're over 400% to the upside tweet this Out and folks we may have tweeted the The local bottom staying on the Sidelines until now I said this morning Soul strong support at $111 and I did the same thing with Salana that I just did with Bitcoin in This video I looked at what was Important last cycle I will update this Trade as I change my position you know Folks I mean when you're looking at the 1H hour chart here we may have caught a Bottom folks I mean we we really really Nailed this trade we're over 400% in Profit and so this is my super super uh Long greedy trade position where I'd be Opening it for Bitcoin $8,200 $300 also Look out for this $52,500 level these are going to be very Important levels to watch but me I just Stay bullish it was hard for me to see Bitcoin in the Red without me thinking It's going to be green on the horizon I Do think it's going to be green on the Horizon and folks hit that like button On the way out I appreciate you watching This I'm Dey and I'll see you and your Diamond handed bags at the top
