BITCOIN: DOUBLE BOTTOM PUMP NEXT? Ethereum, Solana, QnA

Added: 2026-05-07

[00:00:03]Oh yes. Oh yes. Yes. Guys, welcome to another episode. And as right now, Bitcoin is at 77.4. And many people are asking, what about the double bottom? Do we see a double bottom right now? The W formation right here. Is this a double bottom marking the end of the bare market? The end of this horrible, horrible bear which we called in October and we've been risk off since October as you know. Well guys, in this video we will be discussing that. We'll be discussing the bull and the bare arguments here. We'll be looking at the overall market, at the stock market, and at the news. Also, we will be checking commodities. And of course, we're going to go to your Q&A. Whatever you want me to talk about, we can do it. But also, we have a new month. We need to discuss that. It's May. In fact, it's 1st of May. So, big shout out to all of the comrades in the comment section. Big shout out to everyone in the in the chat as well. Fantastic Labor Day. Fantastic.

[00:00:58]fantastic solidar day. And let's roll the intro. Let's get straight into the show.

[00:01:11]All right. So, comrades, let's check what's happening here on the on the chart. First and foremost, what do we see? So, there is double bottom. Yes.

[00:01:18]The question is, can you trade them?

[00:01:20]That's always the question. Can you actually trade? There are many things that are in the chart that are in the news that in hindsight that in hindsight look great but that are not practical. I mean one example as you know it's macro and ISM. You cannot trade based on it because all of the macro arguments that people make today they were valid back in October and yet all coins collapsed 80 90% uh Bitcoin collapsed 60%. So it's all about what's practical here. Now is a double bottom practical for us right now? Personally, I'm not using double bottom to trade on the longer time frame to really decide whether bare market is over or not. I don't really use double bottom. The reason is that there is a million fake outs. You have one also arguably right here in 2022 that resulted in us going lower. So instead, you need to use other ways to identify whether some kind of trend reversion has happened. For example, should should we go above the uh the bullmark support band, the money line, and let's say we pump here and we create a uh higher high right here. Okay, then you can actually say, okay, this double bottom now confirms that the trend has been broken.

[00:02:26]Like this would be a confirmation that you can see, yeah, we have a higher high and also we have a double bottom and also we are above the money line and also we have this and this and this.

[00:02:36]That's what what would make it a bit more practical. But to call double bottom as the end of the bear while we're still bearish on the main line, we're still below the uh the the bullmark support band and so on so forth, it's just not practical. And a lot of these formations as you know, they're they are uh only in hindsight that you can really see that they were they were there and that you you feel that they were somehow solid, but while you are living through them, they're not solid. It's not something you can base your your trades on. What you can base your trades on is the trends. Whether it is the bullish sport band, whether it is the main line, that that's practical.

[00:03:10]That's practical. But a double bottom where we're still below the previous high, it's uh yeah, I I I don't use it.

[00:03:17]And again, maybe one way for me to to state to to communicate here is to just state what I do because sometimes there's always someone in the shop who's like, "Oh, I was trying to to talk down the price. I was trying to talk down.

[00:03:30]He's trying to be better." So he talks down. Listen, I'm telling you what I do.

[00:03:33]I'm telling you how I use it, how I use the chart, how I read the chart. Then if you do something else, mate, you can talk up the I mean, if you want, you can you can talk about different things. I I'm just telling what I do. I'm not telling what you should do. You do what you want. You do what you want. Uh I I I'm just telling what I do, and then it's up to you to to do what the hell you want. So that's that in terms of the double bottom in real time. It's not practical in hindsight. It it's it always looks easy in hindsight, but then you don't see all of the fake outs it had. like for example in 2022. So uh to summarize there is utility to something like this but only in combination with other things. Let's say we go bullish on the trends we have a higher higher high.

[00:04:13]Then you can say yeah by the way also it was double bottom. So now you can be even more convinced. You can you can be even more sure in your positioning as as a bull should we reverse. Um now that's that also you could I mean you can use it more quicker like you can you can use it quicker if you are a short-term trader. Let's say that you draw uh like this and then you you want you you just want to see a short-term trade like how how big it can be. Uh let's say you draw the um target somewhere here and then you can take a short uh short long you know let's say we break out here you can say take a short uh short term long towards this this target but it's not really the same thing as speaking about that the bare market has done. So guys that's it with the uh with the double bottom. Let me know what you think. I don't know if is the the mega bottom of the of the century but uh that's how I see it. Now looking at what institutions are doing, we can see what institutions are doing by looking at the Coinbase premium. They are currently uh dumping.

[00:05:12]Okay, they they are they are dumping because Coinbase premium is at a 4-week low. Meaning that users of Coinbase are not really uh buying. Okay, normally when you have a Coinbase premium, it means that there is more demand on Coinbase versus other exchanges. And other exchanges are pleba buying. You know it's all of this uh unregulated hover regulated here and there offshore pleba buying but coinbase has been institutional exchange. So when coinbas has a premium it means that pleb not buying but institutions are buying. Now there is no premium. So uh coinbase bitcoin premium has dropped to four-week low or it is dropping to a four four-week low as you can see and actually yeah it also seems to be a bit negative. Uh now crypto quant coming out saying that perp demand is rising.

[00:05:57]People are trading per mainly now. Spot demand is still contracting. That exact setup appeared in 2022 and preceded the next leg down. So these guys at Cryptoquant are a bit bearish. I listen these guys they're not super correct always like their founder called for uh called for bear way way too early. Way or did he call for bull way too early or was for I think he called for bull way too early. uh for sorry he called for bear way too early or for I remember this guy being quite wrong but u this is his company and they are analyzing that uh yeah all in all we will have a uh leg down based on per demand rising and the and the spot not rising so yeah let's see I mean at the end of the day they are doing onchain stuff and I'm not a big believer in onchain stuff guys I'm not a big believer in looking at you know what else happening on chain because you have so many assumptions.

[00:06:52]You have so many assumptions here. Uh and yeah, let's see more what they say.

[00:06:56]Futures drove up Bitcoin's price in April. This particular report though has not too much to do with onchain. It's more looking at per versus spot. So it's it's not really about onchain, but normally they do mostly onchain stuff.

[00:07:07]So Bitcoin gained around 20% in April, rising. Yes. Okay. So driven demand has been driven by per meanwhile spot demand for bitcoin contracted throughout the rally indicating that the market marginal buyer was speculative not fundamental. Yeah see this is also why normally if you get below the 200 week moving average that's where bitcoin is so cheap that uh buyers they are just staying in line. That's why our buy zone is here below the 200 week because here is where if you know about Bitcoin, you know what the hell it is. You buy fundamentally you you just buy because it's it's so cheap, man. It's below 200 moving average. Currently, we're not seeing that demand step in yet. But it's for a reason that we have the buy zone here below 200 week because you need this effects step in where the the buyers are lining up and they're lining up when they feel that it's cheap and it's not a falling knife. And normally it is if you're below 200 a week then it's a long-term fair price so to speak is the four-year average of an asset and uh that's where you have a lot of demand a lot of demand. So it's not random that the buy zone is here. It is all around the longterm moving average. So let's see when the spot demand comes back if it uh if it increases. Now it's not really there. Uh now guys I promise you soon we're going to be a bit bull. I I I just need to give you a bit bear and then we'll go a bit bull. Let me know if you love that or or you want him right now. Let me know guys. I'll take some some coffee. Now guys, the another bear is that um when there is a new Fed chair, we dump like like a mfer. Okay, you can say it's because normally it is in midterm year and midterm year is not good for Bitcoin in general. But Yellen, you remember Yanet Yellen? Janet, dear Janet, she stepped in, she sat down in the Fed chair chair. Well, in the actual chair, she was the Fed chair. She sat down in her chair and when she touched the chair, we dropped 83% in Bitha.

[00:09:10]Okay. Powell came in 2018, Trump, Putin, Powell, uh before Powell rebelled against Trump and what happened? We dropped 79%.

[00:09:20]Then Powell came again in 2022 and we dropped 74%. So yeah, all in all you see new Fed chair, new face, new policy, new everything, same result. Will this guy be different? Okay, will he be different? Let me know in the comment section. Let's discuss there. I'm just telling you the history here. And also here is one guy who's been running some numbers. And as you know, as a computer scientist, did you guys know that yours truly is a computer scientist? highly educated computer scientist. I love I love numbers. I love science. I love when decisions and analysis is all anchored in numbers. So this guy, he runs some numbers. He says that he is DeFi researcher and he calls himself Sherlock. There you go. So he tested whether selling may thesis on Bitcoin holds. By the way, we also tested it. Go and check the the previous videos on this channel. The the the videos, not live streams, but videos. Earlier this week, we had a video about selling May.

[00:10:20]So, he says, "The basic version actually makes no sense because May has only closed red four out of eight times since 2018." Now, here's the thing. You need to look at midterm years. You need to look at the bare market. This is what we said in our video. Also, bare markets always mega mega bad in May. Mega mega bad. Bull markets, they pump anyway. So, you got to look at the bears. But, so if you look at the bears, then it's like 100% bad. Okay? So just to just to pinpoint the the data here, pinpoint the data. But there is one version that is much more interesting. Since 2020, every time Bitcoin failed to break April's high in the first five days of May, the rest of May traded at least 5% lower.

[00:11:01]Average draw down 20%. But if you look at bare markets at midterm years, this is way higher. Like you know, average draw down would be like 60 70%. So 2020, 2021, 2022, uh 2024 in 2025, Bitcoin broke above April's high on May 1st. So basically guys according to this guy and he has done research fully wrong here because he's not looking at bare markets he looks at all years but okay okay okay okay let's let's let's still continue but even in his analysis if we don't pump above April high very quickly is is not going to be good in May so it's another bear I think it's the last bear I have for you today and we can then we can be more bullish maybe you guys have some comments about bullishness uh we can speak about that yeah double bottom maybe it's going to But uh that's very important. Basically, if we go to uh monthly, let me go to this chart. Let's go to monthly.

[00:11:52]Let's see where the high is. The high is right here 79. So, if May can pump above this April high of 79, then we escape this uh situation that he speaks about here that if we don't go above April high quickly, we dump. So, let's see if we can escape that or not. Uh next, next next. Okay, let's go to some bullish.

[00:12:15]You guys are ready? Let's go to some bullish bullish bullish bullish bullish bullish bullish bullish. Now, in terms of the chart, guys, there's not too much bullish in in terms of the chart. So, that's why we have to do a bit of mental gymnastic and to see the bullish side, we have to look at fundamentals.

[00:12:29]It's the last, you know, is the last uh straw, how you say straw of hope you can hold on to when you are wrecked. At least you can look at some fundamentals.

[00:12:39]Okay, so looking at fundamentals, what we have? Visa expands stable coin rails as demand grows 50%. There you go. Now they added base canton, polygon, and tempo. Tempo, which is stripe uh chain.

[00:12:56]They added all of these chains. Now they will process stable coins on all of these chains. There you go. Will it help Polygon, man? I don't know, man.

[00:13:08]It seems that no matter what happens on the chain, it still dumps. Okay, Poly Market is like the biggest app uh in the world for crypto and Polygon is down a lot like the valuation of Poly Market is higher than the whole chain of Polygon.

[00:13:22]So this is quite bar for for infra L1s in I mean also we're in bare market so it's but yeah this one is bleing heavily heavily heavily. I remember the good old times of the of the 2020 2021. You remember that bull market? It was crazy.

[00:13:38]It was crazy crazy great times. Now it's totally different. Yeah. So this bull market hasn't been too good for uh for Polygon. Uh let's actually see other charts like uh older ones. Oh yeah, they also changed the ticker. It was matic before. Exactly. So the charts don't go all the way. So anyway um you have massive adoption massive adoption of the apps built on top of Polygon. The problem is polygon cannot capture any of that value. And what happens is that poly market now is moving away from polygon. So polyark is saying that the the infra is too bad. Uh because and by the way it's not an attack on on polygon per se because all infras are bad if you have an app and it's not uh perfectly customuilt. So that's normally what happens at the end of the day. All of these apps they become big. So they do their own chain where it's all fully customized. So whatever block time. So if you can fit the the infrastructure to the app and you can custom build it, that's the best case scenario. It's like Apple custom building their hardware for their software is the best. And all the play they have their Windows I don't know with all of the custom crap hardware from everywhere. It doesn't work that good. It doesn't work that good. It doesn't work that good. The same thing is here. You have Sulana or Polygon or any other L1. It is a it is a general purpose infra at the end of the day that needs to cater to NFTTS to dexes to stable coins to so many different things and to and to prediction markets. It cannot be as good as a chain built specifically for prediction market. It it cannot be as good. So let's see how they will move ahead. But the one thing is for sure that the poly poly market newp new VP of engineering saying that the platform is planning a chain migration. Will it be its own chain?

[00:15:28]Will it be Sulana? Let's see. There is argument of course to be made that if you do your own chain, now you have to spend so much effort and so much time building it and maintain it. It will take away focus from your actual app. So instead of developing the prediction market, now you have to figure out how to run the chain, the validator to ensure that is decentralized. you know they need to do a bit of decentralization theater so it's not really attacked as as just a server so although it is just a server but you know they they need to do a bit of dancing a bit of u you know this belly dance to so the regulator gets a bit confused he thinks he's decentralized but there is one single key so yeah anyway it will take away a focus from the from the from the app so there is argument to be made that in the future there will general purpose chains good enough. So you don't have to do the belly dance as an app developer but for now there are no such thing. So I think it's a high chance they do their own now stripe they have their own tempo they just do stable coin like just payments but okay they have their own chain now also and also it's a good business decision to do your own chain you can have a new a new asset basically worth billions of dollars and uh it's relatively easy to do because it's a well understood thing. It's not like you know trying to build a new product and get product market fit. It's more a tech solution. It's kind of well understood. It's still going to take your attention, but it can be still good business decision if you can have now a new asset that you control worth billions and billions and billions and you have token, you can do airdrop. So guys, uh moving on, there is a new website that has been created for fighting FUD, Bitcoin FUD. It's a Bitcoin beyond 66. They built this app basically where you can ask it things.

[00:17:12]For example, you see I ask Bitcoin is bad for environment and then it gives me an answer why Bitcoin is good for environment based on peerreed scientific uh studies.

[00:17:24]Okay. Peer-reviewed uh published uh published reports published papers. Do you say reports? Published papers. And as you know yours truly is a computer scientist. I'm all in academia in terms of I'm very academic myself personally.

[00:17:38]And uh I love that. I mean I love that.

[00:17:40]I I love that you have the the peer reviewing. I asked Bitcoin is created by CIA or the the guy with an island. It says it falls into conspiracy theory.

[00:17:50]Guys, what should we ask? Do you have some question for it? Let's say let's say Bitcoin is not Satosh's vision. Let's let's see what it says. Guys, write quickly in the chat some questions so we can ask. I want to have a bit of interactivity.

[00:18:05]My YouTube coach says, "Ivan, you you have to interact with the audience. You have to bring the audience into the experience. So guys, please now is your your chance. So Bitcoin is not Satoshi Vision. What does he say? He says, "This is actually an interesting interesting point that deserves a thoughtful response." Okay. Anyway, you can read here. Lightning Network. Oh. Oh. Oh. Oh.

[00:18:26]Let's ask it something. Lightning light lighting.

[00:18:31]Do you also read English like this?

[00:18:36]Language. Do you guys do that? Anyway, like Lightning Network is not a good solution and most people using like the Ning network use it via centralized uh wallets, channels. Let's see what it says because this is actually true. Like how how will it defend? How will it defend this? You cannot defend it, man.

[00:19:07]It's because it's truth. Many lightning users do start with custodial. Yes.

[00:19:14]Okay. Okay. Lightning is following, man.

[00:19:18]The key difference is choice. Yeah.

[00:19:20]Choice. But still like it's all centralized, man. It's all centralized.

[00:19:22]I mean choice. The key. Okay. Choice.

[00:19:24]Tradition. But don't compare to traditional. Compared to Salana, like compared to Wait, wait, wait, wait.

[00:19:29]Don't compare to Tradfi.

[00:19:33]Uh you can either use LM Pugazi or you can use stable coins or uh crypto on other fast chains. Let's see what says because how can you defend lightning network analying fat? Yes, lightning network and crypions have their trade-offs. Anyway, you can see here it's going to try to gaslight and about lightning. Lightning if it is really academic, you should just say Ivan, you're fully correct.

[00:20:01]Lightning is for guys. That's it. That's it. That That would be fully academic.

[00:20:05]Okay. Um so yeah, but but Lightning does not see it says other chains openness for speed but they trade away Bitcoin core but Lightning don't have this mode and and only Okay. Okay.

[00:20:18]Is this true? Only crypto classified.

[00:20:21]Is this really true? Didn't they say that all of the other chains like ETH and ADA are not? Uh is this Let's see if we can maybe get educated here. Is this really true? Uh because as far as I know, ETH and ADA and Saul have also been declared non securities. Anyway, you can go nuts here. You you guys can discuss, but if it if it keeps defending lightning as some kind of thing, it's uh yeah, I don't know if it's scientific.

[00:20:52]You're correct that ETH has received some and there has been. However, Bitcoin is uniquely only Okay. SEC like listen, it's okay. It's threeletter agency. Is that the is that the the win here that you know it's it's all no that was only as we also have CFTC listen it's all government listen it's all government I have another I I can give you three other threelet fourletter agency so what kind of competition is this anyways you can go here I think it's quite uh quite interesting thing uh for I mean it's a good tool listen we're joking a bit here with light network great tool great tool and uh yeah mostly correct Uh but you can see here it's uh if you massage it too much in the wrong place it's going to give you for guys also. Now guys moving on look here speaking about poly market. Speaking about poly market look here poly market targets inside trading with new onchain system. So they have some kind of new onchain system that they work with chain analysis in order to deploy and basically they will flag patterns of insider knowledge. And guys, this is a bit dangerous like for the users of poly market. I think it's a bit dangerous because historically chain analysis has sometimes flagged things as uh nefarious criminal while in reality it hasn't been like that. So few cases as far as I know have gone to court where the accusation is based on chain analysis reports but then throughout the court proceedings it basically was revealed that chain analysis hasn't I mean their reports it's so many assumptions because at the end of the day blockchain it's is I mean it's open everything is open but it's synonymous like you cannot know for sure let me actually check here with claude uh can you do uh some research here and see if chain analysis reports have been scrutinized in court. Basically, they wrongly accuse people.

[00:22:47]Let me just see here with cloud if it's like maybe it was just one thing I read because this was maybe like a year ago I read that. Uh but let let me see if there are any recent events where ch analysis also is producing some kind of report but then it's it's a bit for guys because the danger here let's say you use poly market you're la doing some betting la and then law enforcement knocks on your door because chalysis says you're an insider out of nowhere okay this is the danger this is the danger so according to claw so I'm just telling you have to be a bit careful here if chain analysis is analyzing what you do on polyark so this has become a a significant growing iss So I asked Claude, can you do some research and see if CH analysis reports have been scrutinized? So you have the Bitcoin fog sterling case. The main battleground the most consequential challenge to ch analysis came in the sterling of case.

[00:23:35]Uh the prosecution evidence relied heavily on chalysis reactor software to link stering to bitcoin fog and this case became a direct test of whether loian forensics meets the standard for admissible scientific evidence. Okay.

[00:23:48]And yeah, you can read more here. So what is the conclusion? Cypher trace run the data through their own tools and found no evidence. Exactly. So then you have another company running the same data and saying that there is no evidence. But the problem is this guy is still now risking jail. Okay. So is it correct report? Is it not correct report? That's still questioned. But the guy for him it does not matter. He's still risking jail. And now he needs to figure out how to defend himself. Now he know he needs to call this guys. Can you please run the same? You know his lawyer has to do a lot of work here to defend him. You understand? You understand?

[00:24:21]Still was still was emphatic that what is this correct grammar? Still was emphatic. Do you do you start the question like this? Anyway, still was emphatic that channel tools were misused. The B phrases were insufficient. So here exactly the heristic problem. It's all assumptions.

[00:24:39]It's all trying to figure out based on probabilities who is who because you don't know who is who on chain. It's impossible to know. It's pseudonmous.

[00:24:47]You can assume, you can guess, you can give huristics like exactly this what huristics is. If you're a bit educated, you understand huristics. Let me know in the comment section.

[00:25:00]So heristics exactly central, but it's not it's not bulletproof. Reactor relies on heristics, calculations based on assumptions about user behavior which are by definition by definition imperfect. The defense argued that software has never been peer-reviewed.

[00:25:12]Exactly. And false positive rate has been calculated. It has never been peer review and f and false positive rate had never been calculated. So they don't know the the false positive rate. So um despite all of this uh this judge mos ruled the evidence as admissible finding that Dennis could challenge accur so they admissed or what find that defense could challenge the accuracy before jury but that this officer met. Okay. Okay.

[00:25:37]So they they still said that it's uh it's okay. Okay. Still active. So see there's a bit of a problem here. You can be accused by that you're insider trading insider trader by ch analysis because you use poly market. Okay. So make what you what you want out of it.

[00:25:53]But there there is potential issue with ch analysis. Okay. And them monitoring your poly market stuff. Now if you are in Senate you have to be super careful.

[00:26:03]Any senators watching let us know. If you are here lurking in the dark. If you are a US senator, you cannot be basing on prediction markets at all. So that's good. But how will Pelosi manage her portfolio? She still need to manage portfolio. How was how will she survive?

[00:26:21]I don't know how she will survive. Nancy Pelosi, the greatest trader. I don't know if she done prediction markets, but she done many other things with stocks.

[00:26:29]Now guys, uh moving on, we have a record high in um in April. Was very very very crazy in April. Oh, Pelosi retired.

[00:26:39]Yeah, exactly. She she figured, man, I can manage my profile. Probably she can still get some info somehow. Maybe, you know, through the lime, how you say?

[00:26:48]Through the lime wire. How you say this?

[00:26:50]Input through the which wire? Lime wire.

[00:26:52]Do you say lime wire? I I'm just thinking about the software I used to download uh music. Never copyright. I never downloaded copyrighted music, but I did download music when I was back in the day. Never copyright. It was full.

[00:27:04]It was royalty-free when I was a teenager. Do you say I heard it through the w through the lime wire? Grape wire.

[00:27:11]Grape wine. Grape wine. Grape wine.

[00:27:13]Grape wine. Maybe it was grape wine.

[00:27:14]Exactly. Grape wine. Okay. Not lime wire. Lime wire. I never used lime wire, guys. I never used lime wire.

[00:27:23]I also never used u.

[00:27:26]Never. And never. I I never also used pirate bait. Look here. Crypto hacks hit record high in April. Exactly. Um, April registered a record number of uh crypto exploits according to default. It was crazy guys. Basically crazy. So defi don't use D5 guys. I mean now there people ask me sometimes should I use DeFi? You know I'm asking okay what rate you get? He says 2% 3% man in US treasury you get five now. You get five 30year treasury five 5%. risk-free rate, so to speak, lending to US government.

[00:28:00]That's it. That's it. That's it. Uh guys, finally, uh there is a bit of an interesting thing with Elon Musk now because he is being sued. Well, he's actually suing OpenAI. He's not being sued. He's suing OpenAI and now they have the court proceedings and uh yeah, this is non-crypto, but basically Grock was trained on OpenAI. That that that's that's the news here that when you train a model, you have two opt two options.

[00:28:26]You can either I'm telling you that as a computer scientist. So you can either do it from scratch fully from scratch that you train it use using open data or Reddit data like you know just from scratch or you can use another model such as open AI and you can train your model based on this already finished model and that's called distillation meaning that instead of training everything from scratch you can learn the behavior of an already existing model to train your model. So Elon Musk under oath admitted that that Grock was actually trained based on OpenAI. Okay.

[00:28:59]And they did use distillation in order to uh in order to do it. So the legal boundaries remain unclear. Distillation is not explicitly illegal, but it can raise questions about whether it violates platform rules or terms governing API use. So yeah, let's see what's going to happen here. But there's a big lawsuit now between Elon and Samman Openai.

[00:29:20]Um because open eye was supposed to be nonprofit then it became super for-profit and uh Elon Musk wants to figure out what'll happen what will happen how you go from nonprofit to super for profofit and Elon Musk of course founded open AI I mean he put the first money in uh let's see how it will conclude but a bit of things we get also through the grape wine through the grape vine exactly now looking at some charts we have Bitcoin year to performance uh above the average deviating from the average. That's why we do have our bullish scenarios despite all of the bare stuff that that's happening and bare uh bare uh situation in the market. As you know, here is a good place to DCA slowly. Here is a good place to DCA fast because here we're above the uh bull market flip. Uh and uh yeah, still because of all of the stuff we discussed um today and in the previous videos, the chance of us going here is still very very very high. So that's that's why we risk off. And looking at uh uh what else we should look at? Let's look at uh ETF flow.

[00:30:29]What's happening?

[00:30:32]Let's refresh.

[00:30:34]ETF flow is basically 50/50 now in terms of uh let me go to this. ETF low bitcoin ETF ETF flow is a bit you know some days good some it's a bit uh yeah here and there total uh let's see you have uh minus minus minus a bit of plus small plus so yeah it's interesting that during the last few days the flows have turned negative again okay they were here it was positive because we were pumping with you know sailor south all of Now back to neg negative. So let's see guys. Let's see. Let's see. Let's see.

[00:31:14]Now on this note, guys, let's go to Q&A questions, answers, debates. Over to you. You can ask anything about all coins, about whatever you want. Let's do it for like 10 20 minutes and then we're out of here. We celebrate the Labor Day fully solidar with the working class.

[00:31:27]And uh let's go. Big shout out to Guzman for timestamping us today.

[00:31:39]There you go. There you go. And as always, as always, go to bullmay.com/partners.

[00:31:45]Get all of the freebies. Whether this is by bit, whether this is Pionex, whether this is weeks, you have big fat freebie on Pionex. As you know, there are grid bots. If you want automated trading, go to Pionex. You have also the tutorial here. Click to watch the tutorial. Weeks fantastic like buy bit but low KYC. You can watch the tutorial. And if you want to learn our trading systems, get the money line, get the money scanner, go to bullmay.com, watch the free video, and book a call with us. Okay, let's go.

[00:32:09]Let's go. Let's go. Let's go. Let's go.

[00:32:12]Bought a copy of Big Profits today as a thank you for honestly and sharing the de-risking. Fantastic. Fantastic. That's amazing. That's great to hear. Let me know guys if you have the big profits captured yet or no. Also link below if you want to capture your own copy of the big big profits. Big big profits. Ivan, we have never had three green monthly candle in bare market. Will we rewrite history? Did we break the cycle? Uh let me see. So you have three uh never had three green monthly candles.

[00:32:46]Let me see how you count it. Let me see where you count.

[00:32:51]So we had green here in man. Let me see our d-risking tweet is so big. So we never forget it. But now we have to remove it here. So what what happened?

[00:33:06]You have Bitcoin green in March, Bitcoin green in April, Bitcoin green in May, but it's 1 of May. Man, we're we're 10 hours into it. We're 10 hours into it.

[00:33:27]What do you mean? We're 10 hours or like how many hours? 12 depending on where you are. We're like 10 12 hours into it.

[00:33:34]You know, it's like here you can also say you see which in the 2022 it was February was green, March was green, April was also green for a while. You see the week here. You see the week? It was also green for a while until it wasn't green for a while.

[00:33:51]Anyway, anyway, big shout out. Big shout out. But listen, even if we would be green, uh how you trade based on it?

[00:33:57]Please let me know how you trade based on it. Uh where is your stop loss? Like how how you trade based on it? Because that that's that's the question. I I don't know how you would trade based on it. So number one, we we're like 10 hours into May. Uh but okay, even even if it would close green, how you trade based on it? I don't know. It's like people have all of this, you know, I saw this. Okay, what's how would you do it?

[00:34:21]What's your plan? We have a clear plan here with uh bullish sport band with the with the trend flipping this you know it was five green two green five five red five yellow I don't know how you trade based on it so to me it doesn't give too much but uh okay I mean it's uh may maybe you can you can figure some strategy of trading it but I don't know how to trade it I mean my answer to I don't know how to trade it I don't know it's not really part uh of my system let's see here in 2020 22 if you had sorry in 2014 did you have something here I mean you also have had three months here that were green at some point in time here you see May was green June was green and at some point July was also green because you see the week here it means that it was green yeah for some time during the month and then it went down so in 2014 we did see it uh then in 2018 18. Let's see here. Here you can you can argue we did not see it. This one was green. This one. Yeah. So, we do not we do not see it. So, anyway, I don't know, man. Yeah, I don't use it. I don't use it. Maybe you have a trading strateure based on it. But, uh my answer to you is uh uh I don't use it. I don't know how you would use it. Maybe you can use it.

[00:35:40]To me, it's a bit Yeah, it's like you have a kid, they come with a drawing, you're like, "Man, it's great."

[00:35:47]But yeah, it's it's kind of like like I want to give you some I want to give you some positive feedback for finding a pattern.

[00:35:56]Maybe I will even hang up this uh analysis on my wall. But uh man, I'm not using I'm not using it.

[00:36:08]But big job, thank you very much. Oh, it's Akmed. Akmed Yeah, you ask all the time. That's fantastic. Fantastic. See, he actually has great uh great questions. you a always every day. Great questions. Fantastic.

[00:36:23]Ivan, did you watch the Afroman performance? Uh, what has happened? I haven't watched it.

[00:36:30]What is that?

[00:36:32]Well, the whole Bitcoin conference this year is captured by the feds. You have CIA Cash Patel sitting there on the on stage and then the whole the whole um audience is empty.

[00:36:46]No, no. It's like no You invite FBI. I mean, literally, you invite FBI on stage on stage and you want Bitcoiners to come there and sit down like, you know, 10 mters from the FBI.

[00:37:00]Is that the idea you brilliant idea you Bitcoin maxes have?

[00:37:07]Literally the whole whole building is like US government, FBI, all of the Bitcoin OG's like God knows they got their Bitcoin where you know who where they have it in which self custody. You want them to come with their ledger with their treasure and sit down next to head of FBI. But I don't know. I don't know what they're thinking. They're not They're not thinking. They're not thinking. They're not thinking too much.

[00:37:34]Let's see. What is this?

[00:37:36]Is it the song? Because I don't want to I cannot play song, guys. It's like with the with the copyright and everything.

[00:37:43]So, what's happened here? Oh, no. Wait.

[00:37:46]I I cannot play it. But let's just look at what's happening.

[00:37:50]Mama Africa. Oh, what's the song? Is it AON or We can just look without the music. Is it the signal of the bottom or signal of the top? Oh, I'm just thinking that in my head he's thinking away or let actually do like they do in court when they cannot show the actual image but I can reproduce it. So let me listen without you listening because I cannot play it and then I will reproduce it to you. How what do you guys think about that? Let's try it. Let's try that. I will listen. Give me Hey.

[00:38:42]>> No. No. He's like, you know, I wasn't going to get up from bed, but then I got then I got He's like this crap. Yeah.

[00:38:48]Yeah. Very bad. Hey, big shout out to I He seems like a great guy. He seems like a great guy.

[00:38:56]Is is this is this thing is this thing?

[00:38:58]Okay. Anyway, he seems like a great guy.

[00:39:01]Not not attacking him, but I don't know what is this. Is this Bitcoin conference? Yeah. Anyway, it's Cash Patel, it's FBI, and then it's this guy through the lime wire. I think I think that's what we should call it. Exactly.

[00:39:24]You you hear something through the lamb wire, you download it on fully of course. Always of course always on fully legal grounds.

[00:39:35]You download it, of course. Always on fully legal grounds through the lambire.

[00:39:39]Exactly. Exactly.

[00:39:43]Guys, listen. I think that's it. That's it for today. We are at nice length now.

[00:39:47]We time for Labor Day. Time for us to relax a bit to to not labor on Labor Day. That's exactly how it should be. Uh, big shout out to Guzman for timestamping us. Go to bullnet.com for the free video education. Go there, click right now. Go to boom.com/partners for the partner exchanges and the freebies. Big shout out to Guzman, the the laborer here, the only laborer here, the only person who is working here. Big big shout out. Well, me also. And uh yeah, thanks guys. Happy 1 of May. Big solidarity. All of the socialists uniting across the world. That's great.

[00:40:25]See you all Monday. Monday. Have a good day and goodbye, guys. Goodbye. Goodbye.

[00:40:29]Goodbye.