URGENT: Altcoin BLOODBATH (Should You Quit?)

Added: 2026-06-03

[00:00:00]Which one's the best crypto?

[00:00:00]>> Which one's the best crypto asset? Best crypto asset. Which one's the best crypto asset? Best crypto asset. Which one's the best? Which one the best?

[00:00:10]Which one the best? Which one's the best? Which one? Which one's the best?

[00:00:16]Which one's the best? Which one? Which one?

[00:00:20]Which one? Which one?

[00:00:23]What's the second best?

[00:00:33]This is Discover Crypto and we have altcoins in a bloodbath. Altcoins are falling across the board and we're going to look at the levels that we have identified as the lower targets for some of these altcoins and maybe even share which altcoins I would be buying during the dip. And I'm joined here by Drew.

[00:00:48]Drew, how are you doing today?

[00:00:49]>> Feeling good, man. Feeling frisky. I'm bringing the basement back today. So, uh, got a lot of kind of wild subject matter we're going to be bringing up about Bitcoin, Michael Sailor, you know, a lot of different things I need to go off my chest.

[00:01:01]>> Well, I got some funny stats about Michael Sailor, too.

[00:01:04]>> Okay, >> you know, I might as well just lead with the Bele photo. Have you seen Bele's latest drawing? We haven't showed a Bele drawing in a while.

[00:01:11]>> Permanent underclass showing Michael Sailor and Vitalic >> just chilling in the open stall. Yeah, that's um that kind of looks like something around where uh you know near the border of Alabama where >> I was gonna say that's average Atlanta gas station >> pretty much like I'm kind of used to this scene. So >> it's a real Chad move when you don't have the door closed everybody. Now let's look at Bitcoin. Speaking of Bitcoin, let's check out Bitcoin here.

[00:01:34]So we did put out a video talking about a bare flag bare flag on some of the shorter time frames, but coming really close to the level that I identified.

[00:01:43]Now Drew, I don't know if you watched last night's video. Holy smoky. 65800 in last night's video. Now, I filmed this in the afternoon. We didn't get it out till about 10 p.m., but I filmed this yesterday and I said, "Keep an eye out on this range right here." The main reason I was looking at this range is the daily candle action. Look at all the candle bodies coming right to this line, Drew. Do you I mean, this is just beautiful, right?

[00:02:07]>> That's pretty good.

[00:02:08]>> Check out the one hour chart. Look at that, Drew.

[00:02:10]>> Yeah, it's still kind of looking slloy even with that little slight bounce, right? I mean, it's not getting a lot of juice out of that, >> but yeah, this came perfectly to our level, Drew. I didn't get this trade.

[00:02:20]This happened at midnight.

[00:02:21]>> Right. Right. It's Do you think it's going to tap that and try to bounce off it again? I mean, because >> we have to watch last night's video to see.

[00:02:28]>> All right.

[00:02:29]>> No, no. I do say, you know, look, we do have this uh What are we on? Are we on the Yeah, we're on the regular chart.

[00:02:34]Oh, this is the macro bare flag. I I do talk about the macro bare flag. I I do give out some macro targets here, but just looking at the shorter term, we did exceed this. Guess you could be a little bit generous. Now, we're going to look at this same flag on ETH. Going to be a much different picture when we're talking about ETH. We're well below this area, Drew. But honestly, I mean, if again, if you watch last night's video, I go into a little bit more detail about the 685 level. And there there is a chance that we can hold this.

[00:03:03]>> Yeah. I mean, if I were like, if it wasn't for the velocity of that crash, I'd be like, hell yeah, we're going to bounce off this a few times. It just we came here really quickly.

[00:03:15]>> Yeah, we came here quickly. The RSI is not looking strong. I mean, yeah, they're showing a lot of weakness here.

[00:03:19]I'd be very surprised if that's the low.

[00:03:22]I do think we we need to go maybe a little bit lower. And if you look, you know, there are some other ranges during this uptrend that, you know, Bitcoin did spend a decent amount of time at. We're looking at 4hour candles. So, you know, spend a couple days down here, spend about half a day down here. We could easily revisit some of these levels.

[00:03:38]>> Yeah, I definitely like the W pattern format. That's like my when we start building a W pattern, that's where I feel more comfortable. Like, this is just a sharp sharp decline. So, letting a little bit of it play out before I kick off the $1,000 to 10K trading challenge. I want to trade in a better environment than what that is looking like right now. But, all right, let's look at the rest of the market. We're going to hit refresh here. Make sure we get the fresh data cuz things are moving. Yeah, Bitcoin's down.2%. So, Bitcoin now down 2% for the day. ETH down 4.5. But just briefly looking, you can see the altcoins are taking the brunt of the pain. The altcoins are falling much further than Bitcoin. We have XRP actually holding a little strong here, Drew is only down 1%.

[00:04:19]Salana is down about 5%. Dogecoin is down three. Hyperlid's even down 1%.

[00:04:25]Zcash with a little pump. And Cardano losing some key levels. We're going to look at the Cardano charts as well. And how about that, Drew? One of your favorite Canton move to the upside.

[00:04:35]>> Yeah, it's not even like it's just hanging around at like 15 cents while this is going on. Wild to see Zcash with the pump while it's reporting to be down for >> We'll talk about that. We'll talk about that. That might be Fugazi.

[00:04:48]>> Yeah. Yeah. Might be some block explorers need to do some updates. But Athena with a major move. We're going to talk about the Athena news that pumped it up. You can blame Coinbase. World coin pumping. Arthur Hayes is saying, you know, you should buy the top. Buy some more. It's going to keep going. It normally doesn't, you know, hold up too well in the long term. Venice BVV, I think all-time high now or it is down slightly from that previous all-time high. Ono up 15% near protocol up. We do have some strong moving alts, but also got some bleeders. Lab, we told you folks stay away from lab and TA's down.

[00:05:22]B&B, surprising to see B&B, one of the bigger losers here. Algarand's down.

[00:05:27]Salana and ETH. Surprising to see those in the top 10 losers.

[00:05:30]>> Yeah, some bigs for sure. I like that Tal's coming down. I still like TA for what it is. So, um, you know, give me all the pain. Let me enjoy this.

[00:05:38]>> You want the pain?

[00:05:39]>> I want this pain. Give me it.

[00:05:40]>> Your pain is nothing compared to these two dudes pain.

[00:05:43]>> Well, that's true. That is true. Who are we looking at here?

[00:05:45]>> We're looking at strategy in Bit Mine.

[00:05:47]We're talking about Michael Sailor. Mike and Tom. Mike and Tom are feeling the pain. Mike $75,000 average cost for his Bitcoin. He has so many Bitcoin sitting on 7 billion. An unrealized loss, Drew.

[00:06:02]>> That's nothing.

[00:06:03]>> That's pain. That is pain. How about Tom Lee? Tom Lee, he has 5.4 million. His average cost is so high. He is down 8 billion. But how about this? It gets even worse. Tom Lee is down almost 9 billion on a and he has 10 billion in it.

[00:06:20]>> Oh my god. He was buying a lot of ETH above $4,000, Drew.

[00:06:23]>> And he got here really quickly. Like Sailor's been working on his bag for strategy for a lot longer than Tom Lee.

[00:06:30]>> This is 2020.

[00:06:31]>> Yeah. So Tom Lee uh was able to kind of show us the quickest way to lose $9 billion. I mean, this is >> Oh, man. Yeah. Michael Sailor, Mike down seven. Now, who would you rather be, Drew? Let's say you got to take this person's body and you're going to wake up in their body in one year's time.

[00:06:50]chat. I'm interested. Would you rather wake up as Tom or would you rather wake up as Mike? Type in Tom if you think holding ETH is better. Type in Mike if you think holding Bitcoin is better.

[00:07:01]Remember Tom Lee is down almost 50%.

[00:07:04]>> Whereas Michael Sailor down, you know, roughly 10 15%.

[00:07:06]>> I'd choose Michael Sailor. I would choose to be Michael Sailor rather than hold an Ethereum right now. Um we're in a bare market, man. You know, >> oh Mike Mike across the board. Yeah, >> Mike across the board. There is some saying, you know, the the risk associated with Tom Lee. Tom Lee again down about 50%. Maybe Tom Lee is going to have the bigger gains here, but no, it is it is Mike across the board here.

[00:07:27]The mics are winning.

[00:07:29]>> Yeah, I mean Ethereum just it doesn't seem to have, you know, we want to say and me and Crank always like laugh at Bitcoin when it's starting to lose uh, you know, price support. We say it has no legs. Ethereum doesn't even have a lower torso. It feels like it just stuck at 2,000 bucks and some change and then just gets whapped back down. So >> yeah, we're going to look at the E charts very quickly. I I got the E charts pulled up for you. So we're saying Mike's thesis will win in the end unless you believe in fiat debase.

[00:07:57]Unless you don't believe fiat debasement. I do like his thesis, but in my opinion, he's strayed from his thesis by offering up he has like 115 million dollars he has to pay in yield every single month, Drew.

[00:08:11]>> Yeah. maybe even like up to 140 now at this point. So every month he must come up with over a hund00 million in cash.

[00:08:18]That is not really connected to that Bitcoin thesis in my opinion.

[00:08:23]>> Yeah. Doesn't Isn't there like a certain time frame that they have on the books able to pay these dividends?

[00:08:29]>> Oh yeah. It's down to like less than half a year now or something.

[00:08:31]>> Yeah.

[00:08:32]>> It was 20 months and now it's down maybe it's 6.9.

[00:08:35]>> Mhm.

[00:08:35]>> I didn't mean it but that's I think what it actually >> Yeah. I regardless of if if gun to my head and I had to choose between being Mike or Tom, I'm definitely going to be Mike. I think Bitcoin, you know, I I could easily see it rising above 200K in the next few years.

[00:08:50]>> Now, would you rather be Tom Lee, Drew, wake up in six months or would you rather wake up as Tommy Lee?

[00:08:56]>> Tommy Lee. Tommy Lee.

[00:08:58]>> Now, if you put me in Tommy Lee in 1997, I might take that one. I might take that one.

[00:09:03]>> He's He was the king. So, >> I like this one. Shows up. Loses 10 billion dollars. leaves.

[00:09:10]He didn't leave, y'all. Y'all are just cheating. Y'all y'all just poking fun here. Speaking of the sailor unlock the new cheat code. Next time he has a billion dollars to buy Bitcoin, he'll sell 30, tank the price, and then he'll buy the bottom.

[00:09:22]>> It's a genius move in the long run there.

[00:09:24]>> Yeah. I mean, and you know, there's where is it a liquidity test? Why? Why do you think he sold 32 Bitcoin? I mean, it doesn't >> I think it was a proof of concept of concept >> or it's the cat on the roof theory, which we went into yesterday and I won't repeat again.

[00:09:39]>> All right, fair enough. Yeah.

[00:09:40]>> So, it could be cat on the roof.

[00:09:42]>> Yeah, >> honey. The cat's on the roof. I got some bad news, but you know, the fire department's on the way, but the cat is on the roof.

[00:09:48]>> See, the 32 Bitcoin is like a text to Honey about the cat being on the roof.

[00:09:51]It's not even a phone call, you know. 32 Bitcoin is like you just text her, "Hey, I think your cat's on the roof." You know?

[00:09:57]>> Yeah. You say that the next time they got to come up with, you know, $300 million in cash and maybe they sell a little bit more than 30 Bitcoin.

[00:10:04]>> True. Then it's a phone call.

[00:10:05]>> It's a serious phone call. It's the principal calling. Uh we do have some ETFs just bleeding. Bitcoin ETFs have now 12 days straight selling. Longest outflow streak since inception. Let's look at that. Then we'll look at the ETH chart immediately after this. Bitcoin, how about that outflow day? $520 million. Let's look at ETH here. ETH also with an outflow day out $90 million, but you know, we got I checked chain link. Chain link's not moving anywhere. Uh let's go to XRP. XRP was also at nowhere. It was a flat day yesterday, but not a sell day.

[00:10:39]>> So XRP's short-term streak, the streak since April 30th, so the entire month of May. The streak continues for XRP. No outflow days. And hype, you probably shouldn't be surprised. You see that green candle right there? It's another inflow day. Pulled in $3 million. So, Hype and Chain Link, the only crypto ETFs with zero outflow days.

[00:10:59]>> Pretty impressive. That's pretty. Why isn't Chainlink's price scooting the way that Hype is if >> because they sell Chain Link to fund operations.

[00:11:07]>> And that's what >> Sergey has to go speak at a conference and, you know, get a private jet.

[00:11:11]>> Does it cost that much? Take the train, you know, buy a Ford Pinto.

[00:11:14]>> He might actually.

[00:11:15]>> He should. I mean, you know, stop selling chain link to fund your operations. Let us cook. Damn it. Well, I thought you was trying to stop you from cooking the Winklevi might also be selling some Bitcoin. Looks like they transferred $67 million. 67 from Gemini custody to Gemini Hot Wallet. Typically, when you exchange to a hot wallet indicates an intent to sell, so we don't know if they're selling or not. This is breaking from this morning. This is 7:18. This is about three and a half hours ago. Let's jump to the ETH charts here. Drew, I said I want to show you that beautiful bare flag. Making sure we're on regular here. So, we pointed out the bare flag pattern yesterday.

[00:11:51]gave you a potential target. And it's it's pretty simple. You go from the top of the pole to the bottom of the pole.

[00:11:56]You have your flag. Then you see where it breaks down. You see where it leaves the flag.

[00:12:02]>> Not to it.

[00:12:04]God dang. That's pretty. All right. All right. So, a full bare flag is played out basically on >> And once again, I missed the trade, Drew. This was like at midnight or 1:00 a.m. or something. Yeah, it's midnight candle right there.

[00:12:16]>> I'm I'm not trading late at night. Uh >> I'm not either. And that's when all the trades keep happening. It's so frustrating.

[00:12:21]>> I know. The animals show up at like 1 to 2 a.m. You know, that's where it gets really exciting. So, >> the freaks come out at night.

[00:12:28]>> Yep. The song means a lot to crypto.

[00:12:32]>> Probably meant a lot to you in your 20s when you were in a rock band, right?

[00:12:34]>> Hell yeah, man. Shoot. Late nights, you know, fried uh what was it? We had fried fried chicken biscuits, IPA, and cigarettes all the way through the night, you know, non-stop. It was good.

[00:12:46]>> Dipper than Mly Crew. They had the cigarettes and just whiskey and heroin.

[00:12:51]So, you know, no food. No food was involved in that one. All right, let's uh look here a little bit now. How about this? I saw a scary headline, Drew. This analyst is saying $20,000 Bitcoin.

[00:13:02]>> Plot twist, though. You ready? It's Peter Schiff.

[00:13:06]>> Ignore it, everybody. Just ignore it.

[00:13:08]Peter Schiff. I saw 20K. I almost panicked. I went to that article. I was like, "Show me the TA." Oh, it's just Peter Schiff.

[00:13:15]>> Yeah. Thank God. All right. This is good. Actually, this is kind of bullish for us. I like >> Yeah, you you know, bullish. Uh who would you say is one of the more high IQ candidates in last year's presidential uh nominee race?

[00:13:28]>> Uh I like VC.

[00:13:30]>> I would say just, you know, if you ask him to take the SAT test, I would say he would beat, you know, most he'd beat Ted Cruz or something.

[00:13:36]>> Yeah, VC was pretty sharp. You know, he was pretty sharp.

[00:13:39]>> VC bought 2500 Bitcoin last 24 hours worth 185 million. So, this man is still bullish.

[00:13:45]>> Okay. All right. I like that. Good to see him.

[00:13:48]>> May maybe he'll win Ohio. Spencer's having a hard time trying to win LA.

[00:13:52]>> You don't think Spencer's gonna win LA?

[00:13:53]>> Well, he looks like he will be on the ballot, but you know, they are saying maybe the Mailins might >> miraculously put Nasiota Ramen above him number two. So, only the top two people are going to vote. But, you know, let us know if you are in LA. I'm interested.

[00:14:07]You know, did would you vote for Spencer? Would you vote for uh what is it? Is Nathia Ramen and Karen Bass?

[00:14:13]Would you vote for one of them two instead? Well, you know, I'm kind of at the point of like chaos theory and just hire the worst person possible just to quicken the demise because either way we go. I don't know, man. Like, I voted for Trump and I'm not feeling so great about, you know, my vote. We're going to look at the Athena chart. Don't you worry about that. Uh SpaceX IPO. I did hear a contrarian take. Everybody is bearish on the stock market after the SpaceX IPO because of the liquidity grab, because of the changing of the rules, because all these ETF issuers are going to act as basically liquidity for these billionaires. It's never that easy. You never get the consensus play out that way. And I I I heard that yesterday. Just something to maybe think about, folks. And I did see someone THROW IN A RAW Maybe we'll do a cooking stream one day, Drew, and I'll try not to make any raw chicken. Let's look at Zcash. Uh Zcash.

[00:15:05]So what's the Zcash news? And we'll go to the Zcash charts here. Zcash outage reportedly down after failing to produce any blocks in the past 4 hours. They have a block every I think 75 seconds or so, but it looks like no, it was a network upgrade due to an orchard pull uh soundness vulnerability.

[00:15:24]block explorers, think of uh Ether Scan, but for Zcash, including the official explorers, so like the official one, still appear to be catching up after the upgrade, while block production is reportedly continuing. So, they were saying this was just a update issue with the Ether scans of the Zcash world, the block explorers, the ones showing you the blocks. They needed to upgrade. They didn't upgrade, so that's why they failed to share that information. So it looks like that for a brief period for a few hours Zcash appear to not be producing any new blocks that's the block explorers themselves not the chain per some observers because this just a few hours ago so maybe not confirmed but I I think this is the case think of a blockchain it's the ledger it's the recordkeeping it's the old notebook spiral notebook that the accountant writes in it keeps growing as new transactions are added so each block is a new entry in the ledger so when the network stops making blocks No transactions can be confirmed. That is like the entire payment system freezing for several hours. Maybe there were notations just no one knew how to read the accountant spiral notebook for a while. Now just looking at this. So Oxert Mert Mumaz you might know him as Oxert on X CEO of Helas. This was primarily a Salana company but then started branching out. The infrastructure provider to Salana explained that this is an issue of some block explorers not updating their nodes since the upgrade.

[00:16:53]They said they're working on the upgrades now. Now I do want to look at the Zcash chart. Then we're going to talk about Cardono major capitulation.

[00:17:01]Drew, >> one of the top entities.

[00:17:04]>> I know. Feels like the end of an era. I was looking at the Cardano news this morning.

[00:17:07]>> I have I have not pulled up the Zcash chart in a while. I guess we looked at some Fibonacci sequences and you know it's okayish. I wouldn't say this is like oh my god this this is playing out so well. Uh but it did did a little bit. Yeah. I mean that's that's a clean clean rejection off the 236.

[00:17:28]>> Uh not quite to the 382. You usually see a uh 618 pullback or the 786 pullback.

[00:17:34]We actually did get that and then it looked like it was actually trying to hit the previous all-time high but then failed. So, we go ahead and hide our fib retracement. And I think we're looking at prior cycles fib retracements, too.

[00:17:47]>> Louise, I love that release candle when you go.

[00:17:51]>> Okay. Yeah. So, that's what we saw last time. So, I remember the Zcash video.

[00:17:55]>> I said last pump, we hit the 786, then we rejected. Well, we did hit the 786 and then reject. But guess what, Drew?

[00:18:03]Like, it came in for another test. Came in for a third test here. Trying to pass it on the third test. Let's look at just the daily. I mean, yeah, we're we're basically playing with these levels right here. Drew, we have a potential Batman head and shoulders.

[00:18:20]>> Yeah, maybe. I mean, >> if this turns to the downside, >> maybe it kind of looks like the oil like the Brent crude price chart when you're looking at just like this cycle of it where it's catching that support uh where it basically fell down to after that really nasty run up to just under 800 bucks.

[00:18:38]So maybe a head and shoulders if it's able to pull back right here, but I think looks pretty damn bullish on.

[00:18:45]>> Yeah, the the TI I' I've just been slowly getting better and better and better. I would say I started mostly in 2020 and it was investipedia.com just kind of looking at it, reading it.

[00:18:56]I think there's a lot better sources today though, but back in 2020 that's we didn't really have too much. And big shout out to Dan Gamardello for putting me on to investopedia.com cuz he would break out these things and say all these things and he would show a little Investopedia and hey here's where I'm getting this and here's the probability of an upside or a downside and just slowly you just add to it Drew. You just keep on add to it. It's like you in homesteading or survival skills. You're better every year.

[00:19:21]>> Well, and I I had to start this company by sitting right next to Frankie Candles, right? So there was no escaping TA when I came into this company.

[00:19:28]>> No escaping those calves either. You had to sit next to him. Was there even room under the desk?

[00:19:32]>> No, absolutely not. We were always kicking each other and his calves would win.

[00:19:35]>> You know those big water jugs that you see in the water machines like the Ozark or whatever? That's his calves.

[00:19:41]>> No, I don't know how he fits him.

[00:19:42]>> His ankles are like the bottom of the jug.

[00:19:45]>> It just balloons out and then there's a kneecap.

[00:19:47]>> He's damn good at uh TA though. So, I was able to learn from him for a couple years before getting uh in the groove of things. And now I'm a chaotic creature on chain, you know, so it just takes time.

[00:19:57]>> Hey, good luck everybody. Send some prayers to Nicole here for the carpal tunnel syndrome and the nerve in the elbow. My mother went through the carpal tunnel stuff and she she did not have a good time with that.

[00:20:08]>> Is it a good time to buy Cardano? We'll look at the Cardano charts in a little bit. Dan G, great macro value investor.

[00:20:14]Not much of a All right. He's he's one of those people who's just always bullish.

[00:20:19]>> Yeah.

[00:20:20]>> And on the downtrend, you know, that hurts a little, but when you're on the uptrend, you're like, "Good lord, this trader is on fire."

[00:20:28]Yeah, that's always the moment like someone who's never admitting their losses or like big stops or something like that. If you never see them admitting bad stuff happened to them, they're a liar, you know? So, just take that into account. I've I've seen that with a lot of uh cryp crypto Twitter traders for sure. So, >> all right, you ready to talk about the ADA death nail, the nail in the coffin?

[00:20:50]>> Unfortunately, I need to hear this.

[00:20:53]One of the top platforms out there, Tap Tools, said they are shutting down.

[00:20:57]Drew, I used to use Tap Tools every single day. This is where you go to track your Cardano altcoins. Yeah. Where you see SNE compared to ADA in price or USD in price. You look at a lot of different indicators that they had. They they would put out NFTs. I I was a regular buyer of their NFTs so I can get the like premium version. I I mean I would spend hundreds of dollars sometimes for a little six-month pass for this tap tools thing. I'm I was a heavy heavy supporter of Tatools. Talked about all the time. Didn't have a token.

[00:21:27]It was just a solid company.

[00:21:29]>> Well, after four years build for Cardano. Today they have difficult news to share. Looks like they are shutting down. They had an issue with the CEO CTO stepped out. Someone kind of moved up into their place. Wasn't quite uh able to handle that and just started running out of funds there. So, it's not great news. Tap Tool such a great product. I use it daily. Such a shame. Dan Gamardello, speaking of which, uh, that is tough to read. Sorry, you had to write it. It's come to this. Too much to write, but I want to say thanks to the team. No, not tap tools. We need you.

[00:21:58]It's a huge shame. Could be a wakeup call for those who think we don't need Dows. Through Dows, we can support the growth the ecosystem. A lot of people saying if the Cardano founding entities, the emergos, the IOGS, they don't take this serious, Cardano is going to be in a lot of trouble. So, Dex Hunter seems to be the place where you can get your alpha now. Now, looking at this line one, yeah, turn into resistance. Uh, so, you know, no longer have enough support.

[00:22:26]I I did say, you know, I put out a little prediction in last night's video.

[00:22:29]You watch that if you want some deeper TA, but I just I basically say, you know, these are going to be some of the next levels. But where can we get a short-term relief or I charted that this morning, looked at the daily candles here, but really strong on the 4 hour because this is a recent move here. We just saw about 8 12 hours ago. You look at the tops here or the bottoms, sorry.

[00:22:50]If you look at the bottoms, I mean, this is pretty clean. Straight up to that wick to the candle body to the candle body. go to where we're at right now.

[00:23:00]This is what this is the line in the sand. And and if we lose this, I'm looking at 19 cents. I go into depth in the video. I don't think 20 cents can hold, but I do like the 191 to the 18.3 here. So, you got about a 8 cents range that that I'm going to be looking at.

[00:23:17]So, or sorry,8 pennies uh within this range. So, about a you know, give or take a half a penny either direction in the from right here about 187. That's what I'm looking at for Cardano. But yeah, Cardano TA not not doing great there. Not doing great. 13 to 15 cents is what we're looking at. That's a good question. Type in how low do you think Cardano can go this bare market? Drew, what is your number?

[00:23:43]>> 5 cents.

[00:23:43]>> Five cents. I would say you're crazy.

[00:23:46]>> Well, I am crazy.

[00:23:47]>> I'm buying a lot of Cardano if it ever goes to 19 or 9 cents. I'm I'm hand over fist buying Cardano. My mind goes back to like the accumulation at three and four cents when I see something like because it hasn't really I see big pieces of the infrastructure shutting down, right? And I see >> the 10 cents range too.

[00:24:06]>> Yeah, there's there's midnight now which is a new hot squeeze that the Cardano community seems to be preferring and I just there's nothing like major that's been developed and adopted out of Cardano in a little bit of time, right?

[00:24:20]So, it's like, you know, >> well, they have USDCX, which is, I would say, fairly good, but it it there's not liquidity. There's not volume there, though.

[00:24:28]>> What is this? Are you still on the Cardano chart?

[00:24:30]>> Mhm.

[00:24:31]>> So, this is daily. Can we look at just the weekly?

[00:24:35]>> 18 cents, 9 cents. Let me read out some of these targets. 18 cents, zero. Do get out of here with your zero. Uh, no way.

[00:24:42]No way. 6 cents, 5 cents, 6 cents.

[00:24:45]Thanks for saying six, not six, seven.

[00:24:48]We have 9 cents. The lower it goes, the higher it will go in the bowl. Looking for a $150 81 15. That's a lot of decimal points there. Or, you know, it's pretty far away. The one's pretty far away from the decimal point there. Uh, two cents. I got my two cents for you.

[00:25:04]No, I'm not going to do it. I'm not going to do it. Uh, 20 cents, 2 cents, 8 cents. Yeah, people are saying pretty low low targets here, Drew.

[00:25:13]>> Well, can we look at the weekly just to see the history because it's in a bear.

[00:25:18]It's an altcoin of altcoins. It's a true ass altcoin and but it's an older altcoin and there's a lot of new squeezes that are starting to get all the traction. And you know when I'm looking at it >> the 22 uh what is that pump level? So it's just under the teal just uh just Yeah. What is that?

[00:25:39]>> This is 2020. This is after the March lows. This is going to be the March crash right there if I'm Yep. That's the March crash.

[00:25:46]>> This is going to be right there. 15 cents. So strong psychological level.

[00:25:50]>> Yeah. I I take it back. Instead of five, I would actually figure that 15 cent spots's going to be.

[00:25:56]>> And this this was uh 1 2 3 4 5 weeks of support right there. That's 147. So basically, yeah, right there. 149 actually. That's 15 cent support.

[00:26:05]>> Yeah, >> this is 2018. I like those levels. I like those levels. Now, if you go to my chart here or my lines, I mean, you can see the weeklies right there. You actually see a lot of activity on the daily. So, boom. You can see this is a little bit of a stopping point right there. The higher end is going to have those wicks right there. Let's go to 2018.

[00:26:24]Yeah, just boom, boom, boom. Yeah, like inside bar a or inside range action.

[00:26:30]>> There will be billions will die.

[00:26:32]Billions will die.

[00:26:34]>> Cardono will find strong support at zero dollars. Listen up, cell opera. All right, how about you just go sing a a tragedy, all right, in in a alleyway by yourself. All right, let's talk about something I am bullish on. Something that I recommend you sell your Cardono for this. Dezy said that. That's how much conviction he's had in this. This is turning into a larger and larger portion of my portfolio. I did buy some as recently as was it about a week ago, right, Drew? You know, I sold capitulated at the last of a sold a lot of dead alts for for this, you know, my OP, my Athena, which we are going to look at, you know, so maybe that was a mistake. I doubt it though because we did it a while ago. But Gayscale is launching their hype ETF today and it's going to have the lowest fees in the US. So, this was posted yesterday if I'm Yeah, this was posted at 8:00 p.m. last night. So, we're going to see it trading today. It's the, you know, they're they're bullish on it.

[00:27:28]It's the asset power 247 onchain markets. Yay. Yay. Yay. Direct exposure yada yada yada. But Drew, they might actually smoke the competition with this one. So, Grayscale said they launched the Hyperlid ETF. 29% fee. This is undercutting the other two 21 shares and Bitwise. And so they're looking at, you know, also you're going to get more returns through staking. You're going to get a little bit of a passive yield on this one. Grayscale looked at, you know, hypes historical staking reward. It's about 2.2%. So doesn't have insane staking yield, which is why you don't see that insane sell pressure. Now, I did want to just, you know, kind of briefly look at the thought I highlighted it, but it's right here. So, they're coming in with 0.29. It's going to be lower than 21. Oh, here it goes.

[00:28:17]So, 21 is going to be 30, so slightly cheaper. And then we have Bitwise's 34. Shout out to Hakee Lajowan. Grayscale is coming in the lowest of the three offerings. Now, a lot of this is centered around Hyperlid's economic model. They say the tokconomics are t top-notch here.

[00:28:38]Grayscale 99% of protocol fees are directed towards token buybacks mechanism supporters argue links network usage directly to the value acrruel which is a fancy way of saying they buy back the token. This just a major milestone hit 5 a.m. this morning. Drew this is breaking. The citizen fund has now bought back 15% of the circulating supply.

[00:29:02]>> Jeez. But asterric though, circulating, not total supply.

[00:29:07]>> Oh, okay. Okay.

[00:29:07]>> I dove into it. You know me, I'm I'm pedantic with the numbers.

[00:29:11]>> That's still a good sign. 15%.

[00:29:12]>> It's still good. It's still good. I I I dug under the hood here. Let's see. I I didn't Okay, it's scrolled. It's right here on the top. So, 15% of the circulating supply is bought. We just hit this a few hours ago. Total supply, it's about 4 and a.5% of the total supply. So, once the token is done being released.

[00:29:28]>> Yeah. Um, and that makes me less nervous than, let's say, Michael Sailor holding four or five percent of Bitcoin, right?

[00:29:36]Like this is that's a really really good sign for Hyperlid. Um, you know, and there's a lot of people chasing shorts on this, looking for that like giga short, man. I'm kind of like scared to short this until it hits like a hundred bucks looking at this channel. Like, god dang, this thing is running.

[00:29:53]>> Talk about this 4hour RSI. Looking at the hype chart now and I did notice on the RSI, yeah, it's not really this thing. This RSI needs to blast up because what we pointed out is when this RSI hits oversold, you normally get a bullish or sorry, bearish divergence and then it corrects. You know, if you watch last night's video, it's usually around 33%. There's a lot of times it's exactly 33%. And you can see it right, you saw it right there.

[00:30:19]Here we're pretty close to that teal line, but not quite. We have that bearish divergence and then it corrects.

[00:30:25]This is a short-term 33% move. You'll see that all of these corrections happen over 21 days. There's Watch last night's video if you want some more in-depth TA on hype. But uh that's what we're looking at right now. The RSI definitely needs to Oh well, Drew, it is it is starting to crank.

[00:30:43]>> Yeah, and it bounced off that midpoint the 50 mark on that RSI very cleanly, you know.

[00:30:48]>> So, I don't know. I'm looking at that chart. I'm not ready to short it. And >> I'm not shorting this one.

[00:30:54]>> Yeah, it's it's a violent upside move.

[00:30:56]And that's like when when the same idea to short these crazy alts that are running like that takes hold, then you see the short squeeze just keep walking up and up and up because more people are betting against it. So, um definitely something to take and there might be a lot of people that feel like Bitcoin's lost the plot and so they're moving to hyperlquid.

[00:31:16]>> What's the number one reason they would say it lost the plot? Well, lot like if you have can't remember the exact numbers, but a high concentration of most of the bitcoin within a few wallets comparatively and then you have strategy and black rockck holding 5% a piece uh you know then the kind of cyberpunk sovereignty decentralization aspect of it definitely can be questioned and I think it's fair to think about those things because we're seeing big Wall Street bags with huge concentration ations of this and uh doesn't look like they're choosing to bring Bitcoin along with the S&P ride to the upside, per se.

[00:31:57]So, >> did you see what happened to Marvel Technologies? This isn't Iron Man, right? We're not talking about Stark Industries. Not talking about Marvel that's bought by Disney, of course.

[00:32:07]Marvel, that was the tech company that Jensen shouted out about 36 hours ago, like a Asian conference, I believe.

[00:32:15]Marvel Technologies. Check out this chart.

[00:32:18]Look at that move. These are daily candles. That's the power of the Jensen bullishness and is essentially I mean markets been open a few hours here. Uh very quick 64% pump in less than two days cuz I mean we still got plenty of trading time today.

[00:32:35]>> Yeah, that's absolutely crazy. What What does the Marvel company do? What is it?

[00:32:39]What do you know? Do we know what Marvel Tech semiconductor >> semiconductors? Okay, nice.

[00:32:45]>> God dang that Wall Street move. It's >> I think he called it the next trillion dollar company.

[00:32:50]>> Really?

[00:32:51]>> Okay, that's a big deal. If if Nvidia's shouting out a specific semiconductor company, >> it was $200 million at the time.

[00:32:59]>> Is it We should find out a little bit more about it. Is it based in the US? I wonder where this is based out of because I feel like there's going to be a big winner out of US uh semiconductor production with this whole uh you know kind of sovereignty and question of Taiwan.

[00:33:14]>> I didn't buy Lac yesterday. Lithium America Corp. I didn't buy it. Okay, good. Okay, good. We'll pull back down.

[00:33:23]Yeah, maybe now. Maybe now it's time.

[00:33:25]Maybe I I put in 20% of what I would buy.

[00:33:28]>> Yeah.

[00:33:28]>> Yeah, >> I like rare earth.

[00:33:29]>> I'm trying to remember after the stream and go just go buy it immediately.

[00:33:32]>> I like rare earth minerals, man. I I really do. They're a definite portion of my stock bag. So, you know, >> is that why you played metal?

[00:33:42]>> Oh my. That was really good.

[00:33:44]THAT JOKE WAS RAW. ALL RIGHT, LET'S move on everybody. Let's look at uh just a little quick brief news here on stable coins. Stripe, Visa, Mastercard about to have a stable coin, stablecoin platform debut. Now, not many details on this, you know, are we looking at a L1? Are we looking at some sort of treasury? I I mean, I feel like that could be a few different things, but they're close to introducing a new stable coin platform.

[00:34:09]Again, Stripe, Visa, Mastercard going to be the vast majority of Western purchases for sure. Coin, Coinbase also looking at the possibility of participating in this platform there.

[00:34:20]Now, the total stable coin market cap 325 billion. Heather is number one, 115 billion. These companies are serious about stable coins. Stripe spent 1.1 billion on a stable coin infrastructure firm. Mastercard. They also bought a stable coin firm and they plan to expand uh even more. They call it always on stable coin settlement. I just like to say 247. April uh Visa announced they're also expanding their stable coin settlement pilot to include base, polygon, Canton, Arc, Tempo to the existing ones of XLM, Avalanche, Salana, and ETH. So that's uh pretty big news.

[00:34:58]That's not the only one. Mastercard expands support to USDC and PYUSD and Ripple's USD stable coin settlement there. And they're going to include uh new chains now. Arbitum base, Canton, ETH, Polygon, Salana, Tempo, XRPPL.

[00:35:16]>> That's kind of crazy to see Canton listed among all those this quickly, man. It's definitely kind of I mean it hasn't like the token price hasn't moved too much. I think >> what's its ticker? It's like CCC or is that that right there? CCA USD.

[00:35:32]>> Let's see. I haven't looked at this one in a minute.

[00:35:33]>> Bull flag. What's up? That looks like a bull flag to me. That looks like a bull flag.

[00:35:41]Looking at your past, TA. Let's play out the bull flag. I mean, come on. That's >> What are you saying? This?

[00:35:47]>> Yeah.

[00:35:48]>> I mean, this is some moonshotty stuff, but we'll do it. We'll do it. We like to be bullish. We like to be bullish.

[00:35:54]>> When one giant falls, another will rise.

[00:35:57]So Drew, do you know the difference between a bull flag and a bull pennant?

[00:36:02]>> Yeah. Yeah, there's slight difference.

[00:36:05]>> Yeah. So different shape also different probabilities.

[00:36:08]>> Yeah. What is the what's the difference of probabilities?

[00:36:10]>> So a bull flag and a bare flag typically and you're going to get slightly different numbers, but normally you're going to see roughly 71%.

[00:36:17]>> You'll see it play out. Now that's not saying it does the whole flag pole, but it'll break to that direction seven roughly 71% of the time. They say a bull penant might be as low as maybe even like 55 61%.

[00:36:30]>> Okay.

[00:36:31]>> So slightly less probability, but still the odds favor. May the odds ever be in your favor to the direction of the flag.

[00:36:37]>> So you're saying I got a chance.

[00:36:38]>> I'm we're saying there's a chance here.

[00:36:40]>> All right.

[00:36:40]>> And hold on. Just I want Yeah, we're on regular. Just want to double check.

[00:36:43]We're not on log chart. We're not trying to do like a XRP chart from 2021.

[00:36:48]>> That's a 30 cent Canton. I like that.

[00:36:49]That's a round number >> 2x for me. Clean 2x. This is the only altcoin bag that I actually left alone when I was selling all my alts back when we were way higher in all prices and this is the only one. I actually bought more of this at 8 cents. Like I bought that little like dip where you're measuring from damn near. So >> So I say Canton helped your portfolio this year. Hyperlid helped mine for sure.

[00:37:12]>> Absolutely. Sometimes it's got to be a little crazy.

[00:37:14]>> What if we had a viewer who listened to both of us?

[00:37:16]>> Oh well then you're doing really >> dancing.

[00:37:18]>> You're dancing. That's right, man.

[00:37:19]You're dancing man. Is >> those are bad dancing moves. I apologize. Well, >> I don't know what that was.

[00:37:24]>> There's a lot of questions in my mind about like some of these old altcoins that are just like falling off the cliff. I got to get the wide shot on this. You're really really getting after it here. Jesus.

[00:37:33]>> Toeetapping.

[00:37:34]>> Totaping.

[00:37:34]>> Everybody smash that like button. If we hit a thousand likes, I'll sign up for Dancing with the Blockchain celebrities.

[00:37:42]All right, everybody. Let's move forward here. So, that's Canon we were looking at. Now, XRP just kind of looking at some of these coins that were in the stable coin pilot. Bullish XRP signals are piling up, everybody. All right, bullish signals. What are these bullish signals? Because the price keeps falling. Bullish signals. I just I'm not going to get into the whole article here. Exchange balances are shrinking.

[00:38:04]ETF money still coming in. Binance inflows have slowed down. So 25 million XRP left exchanges in recent days, and the Binance inflows are the lowest level of the entire year. And so when you deposit your XRP into Binance, typically that means a whale's about to dump. It's about it's about to be a sell right now.

[00:38:25]Those deposits into Binance are the lowest it's been the entire year. And it's June. This is pretty bullish stuff here. And you know, they go into some other stuff. Uh right now it's trapped in a broader descending structure. Lower highs continuing to defy the trend. I haven't even really Yeah, I would say that's fair. That is fair. So we did have the trend line that went back to February 5th. We lost it. We lost it, right? That was just I think I can't remember if it was candle bodies. Maybe it was this. Yeah, I think it was the candle bodies. So, we lost that. Hit it as resistance, fell to the downside. But we do have this other trend line. This trend line goes back to February 12th.

[00:39:01]Not quite as long, but you can see it right here. You can see it. Boom. You know, knocks against it, knocks against it, wicks to it right here. This is February 12th. It's going to be the beginning of March. This is the beginning of April.

[00:39:15]Now we're in the beginning of June.

[00:39:18]Drew, I'm saying there's a chance.

[00:39:20]>> There's a chance.

[00:39:20]>> I'm saying there's a chance for XRP to at least come back to the Orange Line and then we have to have another dance on.

[00:39:26]>> Oh my god.

[00:39:27]>> Bubbles in the bear. Y'all can't tell. I was doing flawless river dance. Is that what it was called?

[00:39:34]Right. It's like all the rage 15, 20 years ago.

[00:39:37]>> Are you wearing pants right now?

[00:39:40]>> We get enough likes, I'll reveal.

[00:39:41]>> Okay. Well, we need to up the likes then. People, what are you doing? You're slacking. Smash the like button everybody. Smash the like button. Uh there's also another, you know, DeFi project. Athena. Coinbase is back in Athena. So you saw that Athena pump.

[00:39:53]What's going on? Coinbase back in Athena. They're actually market buying the token. They're buying the protocols token on the open market as the two firms Athena and Coinbase prepare to launch a new onchain savings product for the exchanges 100 million users for the Coinbase's users here. Now the first initiative scheduled to launch next week. So that's very bullish. What is it going to be? Looks like it's going to be Athena's stable coin. USDE, not USD's uh yield token. It will be distributed on base and the wider Coinbase ecosystem.

[00:40:24]So Athena gives them the stable coin and they say, "All right, we'll have people use Bass, your ETH L2." So a little some patico, little bit of uh camaradership here. Let's go to Athena. I'll tell you what these V-shaped bear divs mean in a second. I did want to point this out.

[00:40:41]Look on the daily chart, Drew.

[00:40:43]Everyone's all bullish. We need to flip this into support. This is November of 2025.

[00:40:49]>> This is January of 2026.

[00:40:53]This is May 9th, 2026.

[00:40:56]Oh, there's a there's there's hope here.

[00:40:58]>> There you go. That daily candle is huge, too.

[00:41:01]>> Don't Don't you dare retest it.

[00:41:04]>> It's doing it as you speak. That's a big daily candle for Athena to be. A fat juicy wick right there. Fat juicy candle for sure.

[00:41:12]>> So it might be waking up, man. It's got >> Oh, Drew, I quiz you on it yesterday.

[00:41:17]What's this right here?

[00:41:18]>> Was that the dogee? Right.

[00:41:20]>> Dogee reversal candle.

[00:41:21]>> Yeah. Yeah. Okay. I mean, it it's got like slightly higher lows. It's been beat down to what? Like 8 cents or what is that? What is that? Yeah, like eight cents.

[00:41:29]>> 8 cents.

[00:41:30]>> I mean, this thing might be ready to wake up and then, you know, everyone will be pissed off that it's not going to zero. Ready to talk about this?

[00:41:39]>> What's that?

[00:41:40]>> What do these mean? What do these mean, Drew?

[00:41:42]>> V-shaped draw.

[00:41:44]>> Is that a head and shoulders?

[00:41:45]>> Got to go to the 4 hour. So, uh, where do you see the head and shoulders before I get into that?

[00:41:49]>> You go back.

[00:41:49]>> Uh, this >> uh, not really.

[00:41:51]>> It's so I mean that is a crooked head.

[00:41:53]>> Yeah, >> that is They need a neck brace.

[00:41:55]>> A crack head and shoulders.

[00:41:57]>> No, it's the Rick Grimes.

[00:42:01]>> You know what I'm talking about.

[00:42:02]>> Oh yeah. Oh yeah.

[00:42:04]>> We're all lost, man. Oh my god.

[00:42:08]>> Is that the line? I think that's the line.

[00:42:09]>> Is this what happens to us in Bear?

[00:42:11]>> Coral. All right. Coral. Is he talking about the Great Barrier Reef or is he talking about his son? Because his son's name is Carl and he's saying coral. Two different words. Two different words.

[00:42:21]Rick. Uh, you know, friend of the channel or former coworker of ours, his wife did Rick Grimes's makeup on The Walking Dead.

[00:42:28]>> What?

[00:42:29]>> Nick's wife.

[00:42:29]>> I didn't know that.

[00:42:30]>> Yeah, she did his makeup on The Walking Dead. You know what she actually said?

[00:42:34]like her little anecdote about doing Rick Grimes's makeup on The Walking Dead.

[00:42:39]>> So many days of shooting is like the craziest, heart-wrenching scenes that he would have to do. like his wife, his son, his, you know, his friend group Glenn. So many days he would just be like blinky red rimmed eyelid just just dow sour mood and just like bummed, you know, because he has to get in the head space of Rick Grime. It's like so many days of shooting you're just you're living in a hellscape that is a zombie apocalypse. So they didn't really chat much. She said >> that's brutal to have to like artificially put yourself into a zombie apocalypse for that long.

[00:43:16]>> But let's get it to the Athena TA. Sorry for the little side quest there, but Athena TA I've noticed and I just looked at the last four. We didn't go crazy. I didn't have too much time this morning.

[00:43:27]I noticed this RSI is now oversold on the 4 hour. So you go above this dotted line, you have oversold 4hour uh RSI here.

[00:43:37]>> Was overbought, right?

[00:43:38]>> Yeah. Sorry. Overbought. Overbought.

[00:43:39]Yeah. Yeah, people about to sell basically. Yeah. So, overbought. Thank you. Uh bare div on this time when we went into overbought. And so you're looking at this a little classic bare divump.

[00:43:53]This one though, it's a V-shaped drop.

[00:43:56]You got no You got no bear div. You got no warning. It was over. Then we went back to a bear div. Crap. Trying to get some clean alpha here. And then we have another V-shaped drop.

[00:44:10]So, this is 50/50. I'm putting this at 50/50. This can keep pumping.

[00:44:14]>> Uh, what do you think it's going to be?

[00:44:15]Type in B if you think bear div, meaning we're going, you know, we're going higher. Type in V if No, that's the top.

[00:44:22]We got a V-shaped dump.

[00:44:24]>> B, what would you type in?

[00:44:25]>> Bear div is what I think is going to happen.

[00:44:27]>> So, we're going higher. You type B for higher.

[00:44:29]>> Dude, the size of that daily candle is thick and it's been beat down to nothing. And if it stays relevant in any way, shape, or form from here, >> I mean, it's going higher and higher past this line as we're doing the stream.

[00:44:42]>> Yeah. Like if it can keep any sort of relevance, it's a small market cap compared to a lot of them. So, I think it be a diff.

[00:44:49]>> All right. So, B for higher. All right.

[00:44:50]Looks like uh people are bullish here.

[00:44:52]All right. Now, just quick briefly on the Clarity Act. Does look like Clarity Act is on the calendar, everybody. Let's get this legislation approved. I do want to give kind of the the rules of the road of what this is going to look like.

[00:45:04]There's eight weeks of floor time in the Senate. After that, summer break for the Senate and then midterm elections.

[00:45:11]Essentially, after the summer break, they don't pass Jack. They're all worried about the November elections.

[00:45:17]So, we have eight weeks to get this across the finish line.

[00:45:21]>> In that brief window, two things that need to go through before the Clarity Act. Uh, and this can only begin once the market structure bill is finalized.

[00:45:29]So, first we got to finalize it. So, we got some big ticket disputes to get ironed out between the political parties, the White House, Coinbase, and the banks. We got to do that. But what about the two bills? It's a FISA bill.

[00:45:42]Uh, let's see. And immigration bill. I'm trying to think. It's the foreign.

[00:45:47]>> Do you know what visa stands for? I I read in the article this morning. Visa warrant.

[00:45:52]>> I'm not going to act like I know what that that stands for now. It's like federal maybe information. We should look it up.

[00:45:59]>> It's right here. Where is it at?

[00:46:01]>> Uh, foreign intelligence surveillance act. Foreign intelligence surveillance act. So the visa and the immigration bill must pass in order for aspects of the federal government to continue functioning, giving them a priority over other work. So we got two bills that need to pass, but there's not going to be smooth sailing for these bills. One of these bills does look like Trump's going to put on some election requirements, >> maybe IDs, especially as we head into November. This is going to be a dog and cat fight between the Dems and the Republicans >> over like the most reasonable request ever to have an identification to vote for the country you're in. Like that's nuts. Do you have to have an ID to get cigarettes? Like that's ridiculous. You should clearly have an ID to vote.

[00:46:43]>> Crash out on that in the basement.

[00:46:44]>> I will. I mean that's I could go on for days though.

[00:46:46]>> So there's a strong chance that this does not pass because >> Yeah. I mean, it it really depends on this voter ID uh amendment, this insertion into one of these two bills.

[00:46:57]Yeah.

[00:46:57]>> I think it's going to be the FISA bill.

[00:46:59]>> Yeah. And so, you're saying and at the beginning when you were covering this, you said we have eight weeks left for the clarity.

[00:47:04]>> Yeah. We have eight weeks to get those two bills passed and then maybe we get the clarity.

[00:47:10]>> I'd bet against it. I'd bet against it.

[00:47:12]>> Feel like I You know what? I meant to go to Poly Market. I just didn't.

[00:47:15]>> Yeah. I I don't think we'll close that in eight weeks. And there's no way the dems are going to be okay with because they they'll just always lose if they have to have IDs. So, I don't know. It's probably looking >> uh Poly Market isn't trying to give me the drop down. Let's see. Go to politics. Maybe be under crypto. No, because it has all those 10-minute.

[00:47:36]Yeah, Poly Market is just getting used a lot, right? Okay, here we go. Got it.

[00:47:40]Uh, French, California, Republican, Clarity. Maybe it works now. There it goes. Clvicular people. Let's look at clviculars. All right. We're really not going to pull it up already. Clarity act. Here we go. Uh they're poly market saying yay. Better odds for me. Well, I I think >> odds are going up.

[00:48:04]>> The payout's bigger if uh 62 or 60% think it's going through and it doesn't and you just bank on a useless government. You know, it sounds like a way to I might actually take this bet. I might actually put a G or two on this bet, you know, because I don't think eight weeks is enough time to get this thing through. I don't personally.

[00:48:25]>> Uh I used to think IDs, man. People have to wait in long lines. Trying to show it. Trying to show it.

[00:48:32]There it goes. Uh but cigarettes went through the mail. Yeah. I mean, it's the same. Basically, you go up to the person, you give your name or you go up to the person, show the ID, and give the name. Yeah. Maybe they spend an extra second. Like, actually, it might save time. It saves time if the last name or first name's hard to spell.

[00:48:48]>> Yeah. Remember when Jakey, didn't he go down to California to vote? I think Jakey of the Salana creep. He went down to California to put in his vote from Canada just to like prove a point and like filmed it. It's ridiculous, man.

[00:49:01]>> Uh, if you're wondering why it does look like a little sketchy in the markets today, there were some just some actions in the Wii hours overnight. US and Iran did exchange fire. There were some drone attacks on the Kuwaiti airport. We're getting mixed signals on a Bahrain American base. Iran is saying we definitely hit it. US is saying it definitely was not hit. And the video evidence there are there are some videos. It's just hard to confirm if this is new, if this is old footage. But I will say there's people saying, "Oh, it's definitely hit. Here's the footage.

[00:49:31]What are you guys talking about?" Yeah.

[00:49:33]>> So, uh, yeah, things escalated. US and Iran exchanged heavy fire after the US struck an empty oil tanker. That tanker was trying to go to Car Island that set off a string of attacks by both sides.

[00:49:43]Iran fired missiles at US bases, later launched drones that did stri strike the airport, killed somebody, temporarily suspended air traffic. Sentcom though said the ceasefire is still ongoing.

[00:49:56]>> Nice.

[00:49:57]>> The odd ceasefire. Drew, >> it is uh it it sounds and feels different than any ceasefire, you know, that I've seen that's real. those videos. There's a lot of different accounts that have been pretty accurate are posting that. Uh >> it shot the empty tanker with a Hellfire missile. Seriously, about $180,000. So, a cheaper attack compared to what we have seen in the past.

[00:50:20]>> Good bang for your buck, you know, quality quality product. Shout out.

[00:50:24]>> Uh big cap stock is not supposed to go up 70% in a day. There's never been a market like this in history. Talking about Marvel, Marll, Marll Technologies.

[00:50:32]But I I did want to share this. I saw this talking about the SpaceX IPO, Enthropic IPO, OpenAI IPO. Do not chase hot IPOs. Year one average draw down 55%. Median 54%. So this kind of the the middle range as far as like those above it and those below it. This is going to be the average if you add them all up and then divide by the number. And so there's typically draw downs, Drew. But the week later it does look pretty good.

[00:51:01]looks pretty hot a week later. It looks a little neutral a month later. 3 months later actually kind of looks better, but then it's at 6 months to 12 months when you really start to see the pain. I have a hot theory on this. What's that?

[00:51:14]>> Often times the seauite, the executives, chief investment officer, chief executive officer, chief technical officer, they can't cash out their stock until 6 months later, nine months later, even 12 months later, you'll see it coming and the stock falls in response.

[00:51:28]>> Sort of like a vesting schedule, timed release. Yeah. Yeah. It's exactly like a tokens vesting schedule.

[00:51:33]>> Yeah. That's usually like if you were buying like Zcash when it first came out was way higher than like the recent highs even, right? And it takes that massive dump.

[00:51:43]>> Yeah. Went to a 2K.

[00:51:44]>> Yeah. It was up in the multiple like a few thousand bucks, I think. Um, you know, and you usually see that when something comes out initially, it's real hot. Then you see the selloff. I saw it with Canton. Um, you know, so it it does happen pretty often. crazy scam wick.

[00:52:00]Don't I wouldn't worry about that. But >> couple exchanges, I think I saw like 2K whatnot. So, you know, it was it was real high for a bit of time and yeah, that's more so like $900 that wick right there.

[00:52:15]>> So, you know, things can get real hot, but you got to wait. You got to be buying the lows, you know, and sometimes you'll miss stuff by being that way, but it's protected me more often than not.

[00:52:26]kind of waiting for that true support level to come in. You know, then you know when it's time to cook into it. But I the the Bitcoin price is trying to dump pretty hard right now. Bitcoin.

[00:52:36]>> Yeah. People are saying the shorts are printing.

[00:52:38]>> Didn't have a trade open. I'm so glad because I you know just I do lean a little bullish.

[00:52:42]>> Mhm.

[00:52:44]>> Go to let's go to the 10-minute.

[00:52:46]>> Yeah. I mean you're thinking like god damn there's got to be a place where this thing bounces. Uh you know where is it? It's >> We might go back to our level. Got to check out that uh teal line about was that 658.

[00:52:58]>> I mean, you can see it on the 4 hour.

[00:52:59]Really? Yeah.

[00:53:00]>> Yeah. We I I played this in last night's video. Don't you know I'm not like posting these in the morning after the fact. I'm not armchair quarterbacking this.

[00:53:08]>> 65800 65757.

[00:53:12]So about $43 away for the candle bodies.

[00:53:15]It did wick a little bit lower there. Uh 654.

[00:53:19]But yeah, let's go back to the five minutes. Let's go back to the small time frames. Are we seeing No, there's no reversal signs.

[00:53:30]Looking bearish. I I have a hard time shorting something after it's already down so much. Like, am I really >> Now I open the short when it's down 10%.

[00:53:39]I don't know, >> right? Like almost like trading some of the hot alts is >> kind of enticing. And we do have a uh we have a partner Klein that's doing a pretty good deal for people if they want to like size up in trading if the alts you know when your arts aren't alts aren't performing like a lot of the ones that I had in 25 didn't do anything but trading is how I actually had fun last year and this year so far too. So we got this deal going >> Yeah. Yeah. Check it out. We do got a link down below if you want to learn more. Trading skills. If you got some skills, prove it and they'll basically give you a prop account. Uh, was it $55 and you get $5,000 account if you can pass their test. So, >> hey, it looks like it's down to 52.

[00:54:22]>> Our our discount code actually brings that down to like 49 or like 47 bucks or something like that.

[00:54:28]>> Okay.

[00:54:28]>> And if you pass it, you get funded for five grand. So, it's a good way to scale up if you know kind of where to go. If you've been doing good trades, but you just need to size up, make that 10%, hit a lot better. It's a good spot to kind of get started.

[00:54:41]>> Yeah, you got to pass the test. If you go 50x long on Bitcoin and then it dumps 3%, guess what? You know that trade's looking you failed the test.

[00:54:47]>> Yeah.

[00:54:48]>> Failed the test.

[00:54:49]>> It teaches you stop losses. It really does. Like that's, you know, going in and out of prop firms reinforces stop losses and how to take a slight punch so that you don't get destroyed. So, >> this is such a good question.

[00:55:03]>> What is first for Cardano? 50 cents or 5 cents? Basically, >> oh god. I you know >> 50 cents is like my initial reaction but looking at that 15 cent mark like it it'll probably it's the same like 15 cents is defendable for Cardano the same way that 70 cents is dependable or defendable for XRP right like those spots where it's actually shown really good uh support that were originally resistance that have held up for years you know I'd actually you know even though I'm you know so salty about Cardano's chart I'd think 50 cents is more likely than five.

[00:55:39]>> Oh, yeah. I did want to share this. I didn't get to it. Uh looking at Cardano's chart.

[00:55:45]So, where we're at is the the red or the green dotted line, I guess, since we're in the green.

[00:55:52]My pencil marks. There it goes.

[00:55:56]Where we're at right now. Where we're at. This is where we are at. The green dotted line. Literally today's price action. It's green dotted line. It's exactly where we kind of chilled out for a second in 2017. Oh, that was like nearly 10 years ago.

[00:56:12]>> I know that's crazy, right? Or is that the the level we were nine years ago?

[00:56:17]>> God, a lot's happened since then, Dezy.

[00:56:20]A lot has happened. I think a a quarter means a lot different uh buying power today than it did 9 years ago. So, that's brutal. That's absolutely brutal.

[00:56:29]Adjust. We should adjust this level for inflation, right?

[00:56:32]>> What you get me on that? Yeah, this this would buy a whole Taco Bell value meal with five ADA tokens. Now they look at me like I got a hot sauce packet for you.

[00:56:41]>> They call the police on you asking that.

[00:56:43]>> They're like, "There's one cinnamon churro that fell out of the bag on the ground. Do you want that?"

[00:56:47]>> Yeah, that's what you That's >> sure. Here's the 58. Thanks.

[00:56:55]Oh, >> sad. Sad. Hey, hopefully you bought some hype. Hopefully you bought some canton.

[00:56:59]Smash that like button on the way out, everybody. We did I did read the comments. That's why we threw up some of those charts. We threw up the canton for you. We threw up the XRP for you. Of course, we threw up the Cardano for you as well. Win ADA Moon. I'll work on a Ada video probably in the next week. I I think it is. I think it is worth it.

[00:57:16]Charles has offered the exact opposite of positive words every day.

[00:57:20]>> I'm going to show him.

[00:57:21]>> It's like he was telling me specifically just sell it.

[00:57:24]>> Yeah, he went live uh pretty recently, so I'm going to be covering that with Crank on the Basement next. So, uh we're going to hop into the basement and get that covered for sure. So >> yeah, everyone's getting bearish. That's when it shocks people and has those hated rallies. Cardono does have hated rallies. It happens >> every cycle, every pump. So everybody smash the like button on the way out. We do appreciate it. Uh we we did go an hour, so it went a little bit longer. I thought we were going to go a little short. It's just so many charts, so much news. We had such a good time. See you folks in the future. We just wanted to take a quick second to shout out our sponsor, Arculus. They are a cold storage hardware wallet. Helps you secure all of your digital assets for the future. Just tap this thing to the back of your phone and boom, you're in.

[00:58:02]We wouldn't be able to do this without them, but also wouldn't be able to do this without you guys, the Disco fam.

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