Altcoins Start Rallying - Bounce Or Reversal?

Added: 2026-05-12

[00:00:13]Hello. Hello.

[00:00:16]Let me quickly check if everything's working. Because this is a new setup.

[00:00:21]I've changed a few settings and generally um made it look different, sound different, whatever. Uh let me know if everything's working. It should, but you never know.

[00:00:38]You never know. Um how are you guys doing?

[00:00:45]I know this is not our usual time and it's also just me. Um, don't went to do a fast tweet before the show. Yeah, I mean like I don't know that tweet was like 20 minutes ago or something, so not not necessarily like a cheeky cheeky tweet, but yeah.

[00:01:06]Um, but yeah, let me let me know if the audio and video is good, please. That'd be nice if someone can confirm alone today. Yes, I got rugged for the second time in a row. Sad. Sad.

[00:01:26]It's good. Yeah, perfect. Nice. Um, if any issues come up, let me know. Like I said, like YouTube's been hazzling me to change a few settings and I have done so. Um, but whenever I touch any of these settings, I'm like, I would like to know if if anything breaks.

[00:01:47]Sing for making us miss the old show before coins moonmed a bit. Yeah, right.

[00:01:51]Like such a bummer. Like I was like I was ready to bull post at the bottom and then Craig was like, "Yeah, let's do two shows and let's do one about all coins."

[00:02:02]I was like, "Okay, we can wait a little bit." And then he rugged.

[00:02:08]Anyway, uh before we start, um shout out to Kraken for being the the sponsor of the show. Really appreciate their support. um they make this possible, keep us to a schedule, at least me.

[00:02:24]Um with credit, it's a little bit more difficult, but um I was like, I'll just I'll just do it by myself. So that's all in thanks to Kraken. Otherwise, I would have just waited for Cred and then um taking the day off regardless. Um so yeah, big shout out to them. Uh their links are in the description. Go check them out. Um they they um they've been amazing partners so far and be nice to give give back to them in any shape or form.

[00:03:02]Don, is it too late to buy spot if we manage to sold higher? Um no. If you sold higher, you can buy back whenever you want. Um but we'll talk about it now. Uh, these charts are all empty because um these are all new Kraken charts.

[00:03:22]It's going to take a while to get used to that, but um we can redraw lines real quick together. I was like before the show I was like I can do this real quick and then I was like we can you can just watch me do it. Doesn't really make a difference and some people enjoy it. So here we go. Um, in terms of in terms of support resistance on the high time frames on Bitcoin, um, it's looking all right. We are at resistance, but this is kind of like one of these resistances that you really shouldn't retest. Um, like if it's actually bearish in my opinion, like I'm not surprised that we got rejected here. We talked about this uh on the show, 82K being the hidden resistance level, and that's pretty much exactly what we tagged. Um, but I also don't necessarily think that's going to be where we turn around. It's the biggest monthly resistance that we have.

[00:04:24]It's the only monthly resistance that we have, but um I generally think we should have front ran it if we were actually bearish. Um so yeah and um let me quickly open up the chat so we can actually like I can actually see what you guys are writing and um I'm a little bit out of out of form out of practice. Need to get back into it. Who knows how often I'm going to have to stream given Cred's not going to show up.

[00:05:04]Um, would you think we are back or just a bare market rally? We'll talk about it.

[00:05:10]I generally think we're probably back in a way, but that's my gut feeling, but I'm not certain uh on the weekly time frame. So, let's put these on the monthly only. Same thing here.

[00:05:27]don't need them on the lower time frames. On the weekly time frame, this is the support we have and this is the resistance, right? And um it's kind of the same story that we had on like on the monthly time frame where if it were really bearish, we should have been rejected here like after having that spike up or even if you want to be like even more like um pedantic whatever um should have been this candle but we didn't and we broke one resistance which is nice like it's the first resistance that we've been like we've we've broken since since the top, right? You can see like we put in the top. Um didn't manage to break any resistance in here. Didn't manage to break any resistance in here, right? Just rallied into into prior resistance, right? So, this was the resistance we rallied into and then fell down. Same story. Now, this is the first time we've broken resistance, which is good news. Um, you could argue that's the first sign of like a change in character. So far, we haven't really changed market structure. Um, but if you zoom out enough, you could argue we never really changed market structure to the bearish side in the first place, right?

[00:06:47]So, you have low here, low here, low here, and then you have a low here.

[00:06:54]obviously can argue like yeah that was low here and we undercut it but just generally like let's let's say you zoom out a little bit that's not really a low that's a proper low um so you can argue this I don't really care um I just I'm just noticing that we're starting to break resistances instead of being rejected by them which is nice um so yeah as long as 78k holds that's even shorter term bullish if we break that um we have support down in the 72sish.

[00:07:28]I think that's like the line in the sand. Anything below there start looking quite bad. And then on the daily time frame, no, we need to do this game again. This doesn't need to be on daily.

[00:07:45]We don't need all of these. On the daily time frame, it's been up only really.

[00:07:51]Um like I have not really seen anyone um will post as much but like it's just been up only for a while now. Um it's not been we've not really moved much but you can see how it's accelerating.

[00:08:18]um and going like a little bit parabolic.

[00:08:24]And now the question is, do we break the parabola to the downside or to the upside? And I think like I'm not entirely sure which way this is going to go. Uh you're never really 100% sure, but if it goes to the upside, I think people are going to be really surprised by how quick price can move. Um we're basically at the last resistance level.

[00:08:48]um before full reversal, full bull bull market again, right? So like even on the lower time frames, I think this is kind of the area where you'd want like if you're bare where you would want this to turn around because if we push back up into this prior range here, into this old range, um I could just see it teleport and then you're back at 100K in in no time, right? So basically like it's either going to reject here at 80 mid 80s or we're going to be trading at 100K in no time. And if it does bearishly reject and this is just a bare market rally um we would need to break the weekly weekly level relatively quickly. Um as in like 72K that's the warning sign. That's where I would would want to be want to be a little bit bearish after like if we lose 72K at least more neutral. Right now I'm on the bullish side of things.

[00:09:42]It's usually good sign when you're bullish and the majority are bearish. I don't remember a time when this happened and we didn't go up. Yeah, it's rare.

[00:09:49]It's whenever I get like I wake up and people are kind of like making fun of bull post that I have after price is up like a bunch because I mean I've been bull like I've been bull bull talking this um basically since like 71 72 I I was like when we when we had this push up and then failed I was like ah that's not that great. when we started pushing back up again, I was like, "Okay, that's like a sign um that we're probably more bullish than bearish was somewhere in here, 71 72K." Um, that's kind of where I've been more on the bullish side of things. Now, it's up a little bit. It's not too much. Uh, it's not like I bought bought the bottom. Uh, it's up like 11 12%. It's not not crazy, especially with traditional markets moving infinite, but it's up, right? And I've seen more ridicule over me having been bullish than I've seen than I've seen people be like, "Oh, yeah, nice." Which is rare.

[00:10:50]People usually like to be bullish. Um, so whenever they bear hold themselves, usually usually a good sign, but you never know.

[00:11:01]Could just turn around and be be bare market in the end still. But I'm I'm not hating the setup.

[00:11:14]for those looking for more exposure as their setup here. I I suck at these.

[00:11:18]There's a reason why I buy when I buy which is lower. Um like I I suck at these trade like breakout trades. Um you can like you can make a setup can be like this is your daily support zone, support resistance.

[00:11:38]if it and this is like a short short time frame setup and I would personally probably not take it um just because I don't trade like this. I trade the higher time frames but if you get like a pullback into back into here um and then uh you could position yourself in somewhere in there and if it starts breaking down and makes lower closes that's the invalidation. And if it starts going up, great. Um, chance that there's a chance that it doesn't go there always and there's a chance that it just straight up like goes there and then just falls through. Um, but that would be maybe one like quite aggressive setup. I don't know.

[00:12:24]But yeah, it's it's kind of interesting like how from like so we had a a red daily candle yesterday, right? Um, and sentiment was quite bearish and then we had like a little bit of an altcoin rally and sentiment immediately switched which is quite funny. So that's like a little bit of the danger like if we see the old coins running and I mean for me that'd be good. I have like a little bit of of all coins. Um, and I mean I I alluded to it in the last show before Craig rugged rugged the stream. Um, but for me that'd be good. But also like if old coins start rallying while Bitcoin is at that resistance then I might get like a little bit more defensive.

[00:13:10]Isn't the macro outlook quite bad to be bullish right now? Uh yes, but it's not like anyone cares.

[00:13:19]I just like I I tend to like if the market ignores macro, I tend to ignore it. Uh I'm quite happy to ignore it generally. It's not my forte.

[00:13:31]Um but yeah, so that's Bitcoin. Um all in all, like overall quite decent.

[00:13:36]There's a few invalidations. Like you don't want to see a weekly close below 78. That'd be a first sign of trouble.

[00:13:42]Uh and then a weekly close below 72. I think that would probably be invalidating the balls as in me. Um on the monthly time frame, we are at resistance, but I'm not too worried.

[00:13:54]We're coming from support. I'll just ignore it for now. Um uh it'd be a really strong signal if we closed above here. So a monthly close above 82K I think um would be more than plenty.

[00:14:13]Um what about Mona? We'll talk about it.

[00:14:18]Now ETH has been struggling a little bit and I think there's there's multiple reasons for it. Like people give it Um, it was actually setting up quite nicely.

[00:14:28]It's just like DeFi has just been a piece of Like we've just been seeing DeFi get exploited and exploited over and over and over again. Um, so like not the best setup. Um, but it is kind of creeping upwards. Uh, so you'd hope that that kind of maintains.

[00:14:49]I think generally like if you're bullish ETH like something like this obviously this is drawn um to how to how I like it not necessarily how how you draw normal trend line doesn't really matter uh it just for me to show the trend um it's been going up and um we're kind of like pushing into equal highs But um yeah, generally just looking decent to me uh on the high time frames as long as that holds, right? So as long as you have the higher lows um and the equal highs, that's fineish.

[00:15:34]But yeah, it's just been a little bit of a struggle um to get this thing moving.

[00:15:40]Um can add can add some So, Eve a little bit meh. Um, I think that's just been the story of Eve and it's probably going to continue being the story of Eve for a while. Um, I do not hate it though. Like I generally do not like I don't necessarily hate it as like if Bitcoin goes up, I think this goes up and just generally like it's probably going to be the the old coin that sticks around longer term. Um it's just like also quite big already.

[00:16:19]My ETH break even is at 3.8K. Uh how many months to get there? I mean if Bitcoin breaks out I think you could be there in in in no time but if it doesn't and if it breaks down then maybe years depends. Um but yeah I mean it's struggling. Defi has been struggling. Um there's been a lot of good reasons to stay away from DeFi and that's like some of the um some of the reason to get into ETH.

[00:16:55]Right. So then um there's Monad. That's one. I mean we can do we add BTC chart or do we just ignore it? We can add a BTC chart.

[00:17:10]Man, I'm so old. Do they even have this on Kraken? Probably not.

[00:17:17]Can I do I've never even tried this. Can I do this and add this? No. Well, we shall just do Can we do Yeah, whatever. Then it doesn't really matter.

[00:17:35]Um, that's the the BTC chart for Monad. Um, it's had a little bit of a pullback, but just generally like that's just been walking up. I've been cheerleading this for a while. To me, it seems quite obvious why. Like that's nice. Like in a time where all coins were not doing well. This was kind of like going up and to the right. That's good. And then also on the USD pair just clearly just walking up. Um, had a nice little pullback on the weekly time frame. It's quite sweet. Um, pulled back to 2.8.

[00:18:14]Um, we talked about on the show like just generally 2.5 importance. We kind of went back there and then bounced. Don't hate it.

[00:18:28]Can you do Pepe? We can. We can look at Pepe. Yeah. I will not go for too long today just because I'm getting distracted by my daughter in the background. I don't know if you guys can hear it. Um, but I'll I'll go back to playing with her.

[00:18:45]>> Yeah, she's she's standing at the door banging on it being like, "Ah, I want to play."

[00:18:51]Um, but yeah, so that's um that's Monad.

[00:18:58]Looks pretty good to me. Like actually looks really good to me. Um, full disclosure, I have like an early investment position in it alongside my trades. Um and I will close my trades eventually um and just keep my early investment um position that I have.

[00:19:17]Uh what's your target on Mona? Um just like like roughly depending on how the market goes like 30% of the of the fully diluted value of Zana maybe 50. Um, I think that seems quite fair, like somewhere in between 30 to 50% um of where Solana is. So, if Solana does well, that raises my my Mona price target. If it does poorly, that lowers it. Um, but yeah, like 30% I think is pretty pretty all right. That's kind of what I would like it to be. I think that's kind of somewhat reasonable. It's quite bullish for a lot of people, but I think just generally that's that makes sense to me.

[00:20:03]Um, your voice sounds a lot better. Are you having a couple of weeks of not being sick? Yes. Um, I've been getting nuked by by the kindergarten last week or the week before, I don't quite remember. I had a 40.5 degree fever. Um I don't know how much that is in freedom units, but it's hospital levels of fever um in in in non-freedom units. So I was like half dying for 4 days. I was like in in and out of 40 degrees fever. Um that's why I sounded so But yeah, kindergarten man just kills you.

[00:20:45]Never been never been that sick or like that like that often sick in my life.

[00:20:49]Just not not much fun. But I I I I feel like it's we're getting getting through the hump of it. Like whenever you put your children in kindergarten, the first year is awful. Um and that's kind of what we're going through. But yeah, I mean that just looks good to me. And I I'm going to just hope that it keeps going higher. Um, and I'm going to keep holding it until it starts looking worse as in like this low for example really shouldn't be broken anymore. That's my new invalidation. Um, we go below there, I will close my trade and then we'll see how the how the upside goes. Um, Ccash, a lot of people are talking about it. the the one that I've bulled the second most after Monad.

[00:21:39]Um just looks good. So it went through like a little bit of a market cycle here. Um where we had like the whole like blowoff top um complacency and then infinite down and then just started outperforming everything uh again at the lows. We talked about it. It went up.

[00:21:57]Talked about it again. I was like, if you don't want to buy my backs, Ccash is the one that looks looks excellent, just buy that instead. And uh it's up like 2x since wanted to talk about it last week before it had this massive breakout, but oh well.

[00:22:16]Can all harass cred on Twitter about it.

[00:22:21]Um Don, what's the target for Ccash? You think it's possible to go crazy like 3K, 5K? Um 5K is a little bit much. 3k maybe. Um it's the the most hyped coin of the cycle. Um and those can go quite crazy and it hasn't really pumped in in a long long long time. So I'm I don't really see why you be bearish. I've seen a couple of people bearish on it. Um now like do I like everyone that is involved in this? No. But just chartwise it's just really good. Um, I generally think like the basically price price discovery. Um, so it can go wherever it wants to go and it's really hard to judge where the hype is going to take it. Um, did you own any? No, I I I've been staying away, but I've just been I've been commentating on it um bullishly. That's all that's all there is to it. I didn't didn't buy Ccash, but I think it's still going higher. just been buying other things. Um, I am weird like that. If the proponents of something like the the the the loudest voices are some people that I dislike a lot. Um, I tend to stay clear for usually worse.

[00:23:43]Um, but I still give decent advice on them. I just personally just I'm like, ah, don't necessarily want to deal with this. Um, cost me a lot of money though. But I'm just I don't really care too much. It's just something that I I've always done.

[00:23:59]Like whenever I there's something that I think goes up, but I just don't like the people. I'm like probably goes up, but I just don't like the people. I'm not going to buy. Um, that's Cash. Lot I mean, and there's a lot of people that are like ideology wise, this is like the best whatever could be. Don't really care too much. Um, but I generally think chartwise is setting up for for quite a nice run. Um, as long as Bitcoin doesn't doesn't fully collapse, this probably goes higher. And just even generally like I mean it's pushing new highs while Bitcoin is still down a lot which is quite crazy.

[00:24:41]Is Soul BTC pumping today the new signal that we are due for a pullback? It's a little bit worrying. I think soul is like the midw trade. So whenever that goes up, we are getting a little bit heated on the old coins. But also like everything's down infinite and it Salana is down like 4% up like 4%. So John, do you think quantum computers would break the market? Nah, don't think so. It's excellent FUD though, but I don't think so. No credit today. No, he has abandoned me.

[00:25:17]We'll see. We'll see. Probably next week I'll I'll get him back. I'll drag him back. He's lucky that we're living quite far apart now. Otherwise, I'll just fly over and hit him over the head. Do you care about Sailor? Um, yes, in a way. Like for me, just generally long-term that's like a negative, but otherwise not really too much.

[00:25:40]Your daughter sounds like my cat when she wants attention. Yeah, she she goes wild in the back.

[00:25:47]And she goes especially loud when her brother's sleeping, so which not the best. Hype's also been good. Um just generally like good chart. Um it's one of the ones that is most interesting against um Bitcoin to me. Um just because like that's crazy outperformance. Um I like that.

[00:26:10]Obviously that's going to change at some point. Um, but until it changes, that's just really good. And then when the USD pair looks good on top of it or just a decent chart and Salana has been having like a little bit of a good good week. Um, I generally think this probably like the worst is over. There's even a chance that this is the Salana bottom. I think it's just I generally think you're going to be like I I think coins like Monat and Ccash are probably always going to outperform Solana um this cycle. I could be wrong though. Um but I genuinely think there's probably going to be better bets um than than Sana this cycle.

[00:27:04]Sana FTV is 20x than Mona. Do you think Monet has at least a 10x in it? I mean, like I said like 30%. Um, so that's not quite a 10x, but almost. And I like I said, I could be wrong. Maybe I'll maybe I'm biased because I hold a bunch both as a trade and spot. Monet, there's no activity there, man. There was no activity on Solana until it started going up as well and then you suddenly had activity. Like that's generally how it works in crypto, right? No one gives a until price goes up. And then people are like, and it makes sense too, right? Like price goes up and people are like, "Oh shit." Like there's a bunch of people here that have made a bunch of money speculating on this thing. Let me just jump in here and put some stuff on there to take advantage of all the people that have money on here. Now, um, and then there you go. You suddenly have a bunch of activity. And then the moment it slows down like price appreciation or even goes down uh you have people abandoning it. We saw the same with ETH like everyone was on ETH for the longest time and then Salana started outperforming it and the Eve people were like uh yeah no one's on Salana everyone's on ETH and then Salana went up a bunch and suddenly like people migrated from Eve to Salana to catch the pump. Um, so what's your support resistance on on Monadan? We can draw them in.

[00:28:38]So you have clear resistance here at 120. Um, that's where it starts coming back into the bull market. But I think generally if we go to 120, we just like if you go to 120, I don't think that's necessarily like a big resistance level.

[00:28:55]I think at that point we probably go higher. uh if you want to talk about Solana like proper resistance levels where like it starts getting risky holding I think um like around the $100 mark is like the main danger like you want to get through here you get through here and close above 100 I think there's a good chance that it just keeps going higher um and then support-wise there's not really anything until much lower um but yeah I tweeted did like four days, 5 days ago that I think the worst is over for Solana. Um I think like like I mean it's down like from the highs like by 70%.

[00:29:39]And to me like that's the nearest support that be 50% down. I don't necessarily think it's even going to go there. Um unless the market just fully fully nukes. Like I said, I just think there might be there probably are better better trades to be had. But if you like Salana, decent spotish.

[00:30:02]You don't hear Cred? Yeah, he's rubbed me.

[00:30:08]Um, Suie is the next soul. I mean, there's a bunch of next souls and I generally think you probably and and I mean, we had like we had ETH and then the next cycle we had soul as the next ETH and then this cycle we're probably going to have something else as the next soul and then you know like it just goes down and down the list and every time the old stuff pumps pumps list. Just hear the babies in the background. Yeah, sorry about that. cannot really cannot really do too do much about them going crazy there. They always do. You've wanted life duck, dude. I woke up like 10 times tonight.

[00:30:53]Um because my my little one didn't really want to sleep. So yeah, I mean, yes, I have, but also Jesus Christ, let me sleep.

[00:31:06]Can you take a look at SanDisk, Musk, Hinx, etc.? No, don't really like you don't really shouldn't should shouldn't really care about my opinion about these markets. Um I don't really have an edge.

[00:31:21]Um all stuff like XRP keeps pumping though and you caught the pico bottom and sold the top. Impressive. Yeah, I mean that that that was a good trade.

[00:31:29]Um, I didn't I mean I sold some of the some of the Pico top sold lower the rest of it somewhere down here. Um, yeah, the XP thing like I'm I'm done with it. I I still think there's probably a trade there, but right now like I I'm done with it. I've had a lot of people be like, "Oh yeah, XP XRP."

[00:31:55]Um, yeah, you guys go on without me. I do not really care too much. Um, it's not the worst though chartwise.

[00:32:08]There's much worse charts, but I've I've had my fun and it was a good trade. Oh yeah, someone asked for Pepe. We can add Pepe to the list. Pepe USD.

[00:32:20]I mean, we can we can add XRP just for old time sake. Uh yeah, there we go.

[00:32:33]I mean that's that looks decent. That looks all right to me.

[00:32:39]Like you you've got this breaking out and this is one of the ones like I wanted to talk about Dogecoin Pepe um last week because they were coiling. Dogecoin did something similar. It's pulling back a little bit now, but we'll talk about Dogecoin in a second. It's not too bad.

[00:32:56]It's generally um coming back into an old kind of consolidation area.

[00:33:05]It's a memecoin. You're holding something that's worth zero, but there's been worse times to kind of look at it in my opinion.

[00:33:14]Like, it's funny how a lot of this stuff is shaping up quite nicely, right? Like you look, I mean, Ccash's already broken out. Uh, Monad's been pushing, but that's that there's still a little bit of like that's not quite breaking out yet. Um, Hype's been pushing, hasn't broken out quite yet, but there's like a lot of these coins, even Solana, where it's like they just need a little bit more, right?

[00:33:42]We need a little bit more on the Bitcoin side of things. And I mean, we might not get it, right? But just generally like if Bitcoin goes up a little bit higher, I think the confidence comes back and like these kind of charts just keep like like have like a nice little pop. Um even if they go back into a bare market, there's a little bit of room, right?

[00:34:03]Like from here to to up here 60% that's not too bad. Um and same is true for all the others. Um, Dogecoin. Let me add the Bitcoin chart.

[00:34:21]Add this one.

[00:34:23]It's a little bit of mess. This um we had a little bit of reversal last week and now it's all about kind of like holding against against Bitcoin.

[00:34:36]Like that is some like that's the line um in the sand. It's not too bad.

[00:34:43]also on the on the USD pair. It's not too bad. It's reached support.

[00:34:51]I'm not the biggest fan of meme coins though. I generally think they are overrated and if you if you're in crypto, you should really be looking for stuff that you like, right? Um I think like you like hype, great. Like that's what you should be focusing on. You like Ccash, great.

[00:35:14]That's that's kind of like a good thing to focus on. You like Monat, like there's a bunch of coins that you can like and that you can focus on because you think they're good. And I think that's going to do you better than chasing the meme coins. But I will never never get people to stop chasing the meme coins.

[00:35:37]You just have Bitcoin and Mon. I those are my my public positions. Yes, I generally don't like to talk about stuff that I don't tweet about because then people keep asking me to update it even though I don't tweet about it and it's just a hassle. I don't want to want to deal with that.

[00:36:00]But I will never never claim cloud for stuff that I have not tweeted about anyway. So privately you have Bitconnect. Yeah, my biggest position.

[00:36:13]Don't even think that's around anymore.

[00:36:15]How's the bread in New Zealand? Um, depends on where you go. Um, in like if you go in the in the supermarkets, obviously, no offense to any of my New Zealand friends, but it's obviously awful. um in comparison to what you get in Europe, but there's a bunch of really good bakeries that make Europe equival equivalent uh bread or dare to say it even like like quite quite on the high end. So you teach us how to trade lower time frame doesn't really make much sense because that's not my expertise. So, like I'm not going to sit here and teach you lower time frame stuff when I'm not even trading lower time frame stuff anymore.

[00:37:02]Just a little example of a trade. I mean, like I said, just look at the higher time frame stuff that I talk about, right? And then just transfer it over to lower time frame charts. It's the same same principle really. It's just a higher time frame stuff. like when I talk about a higher time frame setup, um that's just more likely to play out than the lower time frame one.

[00:37:24]Um but it's the same thing really.

[00:37:28]Um but yeah, that's about it. Any questions?

[00:37:34]Cuz otherwise I'm going to head out and enjoy my morning.

[00:37:41]But yeah, generally there's a few coins that are setting up quite nicely. Uh there's more than the one that we have on the list, but I don't want to I don't want to do the chart requests. Um I I always generally just tend to talk about the coins that I've talked about in the past. So when you when you guys send me like coins that I don't really look at myself or that I haven't talked about in the past, I would probably just ignore it because doesn't really make much sense to me to talk about coins that I don't monitor because I like with the ones that I have on the list right now, I know that there's probably not going to be a rug uh in there. I don't want to chart a coin where I don't know if that's going to be ruggable or not. Um, and then look like an idiot because I I went out of where I'm comfortable.

[00:38:32]I think that's just bad advice.

[00:38:34]Any hype interesting setups?

[00:38:38]I think it's still the same. Like I've I've been saying and since the lows, like if you like hype, buy hype. If you don't, don't. Um, setup wise, I mean, there's not really anything.

[00:38:51]Like, whenever stuff goes like vertical like this, I'm out of my wheelhouse.

[00:38:55]Like, I buy stuff when when I think it's going to go vertical.

[00:39:01]Yeah, I think we are back.

[00:39:09]Yes, sorry about that.

[00:39:12]I think my I don't know what died. OBS died, I think.

[00:39:17]Um, let me quickly check. Yeah, back. Nice.

[00:39:25]That's going to be weird for the people watching the recording.

[00:39:28]And you guys would never know, but I'm full-blown panic mode while while the stream is gone. I'm like, "Oh, no, no."

[00:39:36]And I start crying, curling up in the corner.

[00:39:42]You guys are like, "Ah, he's just been chilling." But but me, I'm panicking.

[00:39:48]Anyway, um yeah, I was talking about and the annoying part is that when it dies, it still records. So when I upload the video, like people get that part where it's dying and I'm like, "Oh, is it dead? Is it dead? And why we still live for like 10 10 10 minutes and they're like a and this guy I thought Cred rugged you. He might have he might have. Um so yeah a hype setup.

[00:40:18]I mean you can this was a support retest on the lower time frames yesterday. Um maybe like you don't want to see a close below there and you just or like something like this where why is this am I being stupid? The answer is always yes, but you could argue like something like this and then you have like a higher target, new highs maybe, but I don't trade like this. So like don't take take that as like a um that as advice. But basically it retested nicely yesterday. So if if I was looking for an entry there, I would have Jesus Christ, I'm too tired for this. I would have kind of like done this with like a stop loss down here and the target new highs. Like if this was a higher time frame trade, that would kind of be the idea of it. Um you don't want to undercut the consolidation. You don't want to undercut a low that we made like a higher low. Um that seems fine. And then you target new highs. That's decentish setup. Now obviously it's higher today. That makes the setup worse.

[00:41:27]um like you a stop loss of 10% that's quite a bit can argue you can make it lower like that but just generally makes the setup worse still not the worst um but I don't trade these lower time frame time frames so yeah um that's that I hope we get some Bitcoin strength so people are comfortable taking these altcoin setups so far they seem to like you you have quite quite a lot of strength in in Ccash. You have quite a bit of strength in in Monad. You have quite a bit of strength in in some of the meme coins.

[00:42:05]Like I said, the meme coins I'm quite sus about, but maybe they're the fastest horse. Again, I just generally think longer term the risk that you take is much much like these meme coins went down 90 to 99%. Right. Um, so like Pepe is one of the better ones and um that went down 90 90%ish.

[00:42:29]Um, and then you have like other coins that went down 95.

[00:42:35]So, um, and then you have have coins like Ccash and others that went down like 75, which is like it sounds like it's the same ballpark, but it's really not. Um, it's very very different. So, if you buy stuff that is, and this is after like a huge rally, right? So if you buy stuff that is somewhat quality, the downsides that you're going to have to go through versus the upsides just it just makes much more sense. So yeah. Anyway, um that's it for today. Um I'll be back with Cred hopefully next week. Um I might do another show on Wednesday just because we we missed one and I'll I'd like to catch up on that. Um, so maybe if the market plays ball and stays interesting, um, or gets even more interesting, maybe I'll do another stream on Wednesday. Um, if not, we'll see each other on on the weekend. So, yeah, big shout out to Kraken.

[00:43:42]U, like I said, they they're the new sponsors of the show. I really appreciate their support. Um, their links are in description. Go check them out. Um if you want to support us then uh that's a good way to do it. If not also fine. Um but yeah quite happy with having them on board. There's really there's very very little um little stuff in crypto that I trust and like Kraken Kraken has been been one of the ones that I do trust over over the years. So quite happy to have them sponsoring the show. makes makes me makes me happy. Big shout out to Don.

[00:44:23]Yeah, shout out to myself for showing up. Um and shout out to you guys for for showing up as well. Much love and we'll see each other at the latest on the weekend. Um bye-bye.