Camel & Cobra Trader - Pitchfork Wizardry Round 3

Added: 2026-05-05

[00:00:00]Yeah.

[00:00:17]Warning. This video and all other videos on this channel are for entertainment purposes only. The content of this video and all other videos on this channel are opinions of the creators only and do not constitute legal trading investment or financial advice of any kind. Investing carries a high level of risk and the majority of retail clients lose money.

[00:00:26]Do not invest in happens unless you understand the risk and you are prepared to lose it all. All right. Hello, Cobra.

[00:00:30]Thank you very much for being here. I'm super super super excited to catch up with you. It's been quite a while. I can't actually remember how long it's been, but uh how are you doing, brother?

[00:00:37]How are you doing?

[00:00:38]>> I'm good, bro. I'm good, bro. Thank you for having me on the show. I've been getting so many comments actually since many months to force a collab and it seems like finally we managed to do it.

[00:00:48]So, I think that people are going to be happy.

[00:00:50]>> Yeah, I think so, too. And uh I'm really excited to see the 31 wizardry that you've got going on at the moment. Uh it seems to be like a real hack to the matrix at the moment. So uh >> and I'm sure you're going to run through the stocks, maybe some metals and uh maybe some Bitcoin and some bonus bits, too. So I'm looking forward to that. Uh first of all, how's things going, bro?

[00:01:09]How's everything with you? I haven't spoken to you in what feels like forever now. So what have you been up to?

[00:01:15]>> Yeah, it's good. I think it's almost been like a year since we did our latest collab. It's been good. I mean, right now I'm really focused on the market since the past like month or so. I'm really trying to be focused here. I think we're seeing some really interesting things here uh especially in the stock market. I mean I think nobody can deny currently we're seeing stock market going absolutely parabolic. I think as well a lot of people are not too much paying attention to the crypto market. But I think that's something you want to pay attention to even if you're in a bull or a bare market. I think the opportunity still there is massive and overall I'm I'm pretty good here and uh yeah I hope uh yeah I'm excited for this video as well. also been waiting to do this collab but because I got all the requests and then I saw you put up the poll a few days ago on Twitter and I thought yeah this perfect timing and uh yeah >> yeah you won the poll by a landslide as well. Absolutely smashed it. So I'm sure the people are going to be super happy to have you. Uh do you want to kick things off with the stock market S&P?

[00:02:12]>> Yeah. So I I thought because I know you are more kind of of a I know your audience is more kind of like macro or not macro but like more larger time frame people like daily time frame and higher. So I have a lot of pitchforks to share but then of course I want to also share my 0.31 here h which is kind of what be super hot lately. I mean I got a lot of followers on X as well. A lot of people are starting to pay attention to the 0.31 Fibonacci which is kind of my main tool that I've been using alongside with the pitchfork. So this kind of the just those who don't know me I basically use pitchforks. That's what you can see on the chart. And then I use a Fibonacci level that is the 0.31.

[00:02:47]Uh disclaimer, it is not a Fibonacci.

[00:02:50]It's just a retracement level because the 0.31 is not a fib number. It's just a retracement which is developed by myself and it's highly accurate in my personal opinion. So I thought we're going to share that as bit uh uh talk about that as well. I want to do first I thought in start with the stock market then we can move do some silver charts uh gold chart and then Bitcoin at the end and maybe we can do some bonus bits as well like you said but otherwise I thought let's kick in here with the stock market this is kind of a very famous pitchfork I mean not a famous one but I believe that I think I I we spoke about this pitch for camel the first time you had me on the channel which I believe was around two years ago I think you had me for a first time on your channel something like that I could be wrong and I believe we spoke about this pitchfork as well if not the first time it was the second time. So I want to start off introducing here uh the the pitchwork on the stock market and I believe this has very similar views as well which you came have as well because I know you're kind of calling for a blowoff stop move here in the stock market before we are seeing a huge correction. Uh so yeah so if you're ready I'll start uh introducing it.

[00:03:56]>> Yeah please do. And yeah, I think it was I think it was about 2 years ago that we first started to look at this and uh we were suggesting at the time that it should make its way up to the median line and it looks like it's pretty much there right now. So um yeah, I mean what do you think?

[00:04:11]>> Yes, exactly. And that's what's so interesting. So just a kind of a backstory of this. I think I've had this pitchfork here since um I believe like 2019 to 2020 way before I was on active on social media. So this pitchfork basically you need three pivots to to draw it. And this pitchfork was so interesting about it. It goes all the way back to 1974. So this is a massive low. We had this this crash here in in 1974 1975 here. H which caused basically the macrocond wave for the stock market.

[00:04:42]And since 1974 I pulled this pitchfork goes all the way up to the to the highs we had here. I can't see. Can I hide this one? Let me see here. Yes. uh since uh 2000 top basically and then this 2008 this 2009 stock market crash we had then formed the the third pivot which also formed the I believe this was a massive fourth wave this also looks very typical of a fourth wave they tend to go sideways so I believe right now since 2009 even if we just discount the pitchfork been in this massive Eliot wave a fifth uh wave here so 2009 had just been straight up more or less and we're kind of in the final blow top move here and this aligns very nicely with the pitchfork. And as I said, I've been tracking this pitchfork for many, many years. And it's very difficult to kind of know when this median line is going to hit. This price target you can see right now is just for reference. I have absolutely no freaking clue when we're going to hit it. I actually thought, for example, back here in 2021 that we're going to come close to the median line and then we're going to have a correction. H. But we can see every time we're getting close to the median line, stocks tend to correct. But we can see here every time we get a correction, it get tends to be smaller and smaller.

[00:05:48]And I believe right now that maybe even this year we can hit the median line.

[00:05:52]And the way the median line works is this is kind of the fair value of the asset you're you're trying to to predict or the stock market in this case. This is what the algorithms are using in my experience to basically use to start dumping. And we're going to of course share some other chart as well. We can see this work. But I believe that this entire move up is going to have to correct. And once this media line hits, you can kind of see what I put here on the screen. I believe we're gonna see some massive event here. I mean, they're gonna come up with something to explain why the crash is happening. And I I know once this media line, I really strongly believe it's going to be the top here.

[00:06:28]And I know people are probably then going to say, "Well, Cobra, it was not because of your media line. It was because of this and that." I already know it's going to be a huge event that's going to cause the crash to happen. And I really strongly believe I was kind of uh uh confident about this on X here yesterday. I share a tweet where I'm putting my entire reputation on the line. I I really believe that once this medline is going to get hit, we're going to be due for some really really uh strong correction here in the S&P 500. And currently, if we zoom in here, we can go on the on the oneweek chart. I believe we're around 10% away from the median line. So we are yeah around 8% 9% away from the median line.

[00:07:04]Of course, once again, I I don't know.

[00:07:06]Like, for example, it doesn't mean that the stock market can't correct here tomorrow. Like, we could do this hypothetically tomorrow and then we could maybe got hit the midline by 2028.

[00:07:14]But I believe right now it looks like the stock market is right here on its way towards the middle line here. And this is one of the my most important chart that I'm currently paying attention to here. I remember we spoke about this I believe two years ago when did we like around 2024 maybe we did this. We spoke about a 7K stock market or was it like 8K S&P 500? I believe that's still a possibility. So yeah, I'm curious to hear your thoughts. What you think about this, Camel? I know you're also calling for some kind of blowoff top move here before then like a bigger crash towards the downside.

[00:07:46]>> Yeah, I mean I can remember we were saying we were saying like you said it was going to be maybe 7K S&P and we were like that seems crazy high, right? I can remember that thinking ah it just doesn't seem possible and now here we are comfortably above 7K and we still haven't touched it and now if you said to me 8K maybe I I I think like I I would have said that was literally impossible when we first spoke but how far away are we is that is that >> 12% I think we could absolutely get that and I wouldn't even be surprised if it um if it went a little bit through that even uh I don't know it's Just as you kind of pointed out, each one of these pullbacks is getting shallower and shallower, right? And they're happening faster and faster. And then the snap back to new highs is happening quicker and quicker.

[00:08:32]And I think from the April low to October, from like the sorry, last April. Yeah.

[00:08:39]>> From there to October was something like 40% rally in 6 months or something. And >> if it's getting steeper, that kind of implies we're going to do another 40% off this low in less than six months.

[00:08:51]like maybe in 3 or 4 months time. Uh so that puts us out way through 8K I think if we were to do 40% from this most recent low. And the other thing that's weird about this most recent low is it's a weekly cycle low that formed very early. Um not like extremely early, so we have to discount it, but yeah, like it's it's definitely a few weeks early.

[00:09:13]Um and look at this right in like three weekly candles, we're smashing through the no the uh the prior alltime highs.

[00:09:20]So these are extremely rare conditions by my reckoning. I think this is very unprecedented move for the stocks and it kind of looks to me like like you're right when you've got everything is effed at the top, right? That that that to me kind of fits this whole thing.

[00:09:34]It's like if we keep going vertical like this, there's only one one way it can end in my opinion.

[00:09:39]>> You're probably starting aliens and stuff. I wouldn't be surprised.

[00:09:43]>> Well, I was going to ask you actually, what do you think is going to show up to catalyze whatever this major top is?

[00:09:49]Honestly, I don't know. Previously, I thought maybe we'll see like a World War II, but I honestly don't think it's going to be that. But they're going to for sure uh issue something like this going to for sure be an explanation. And I'm really confident in this medline as I said. And also something I want to also said when you also mentioned we might go through it. These are really larger really really huge uh pitchfork.

[00:10:10]So we need to al also pay attention to the weekly and the monthly chart when analyzing this pitchfork and the median line. And it's not rare at all where you see for example you get a monthly candle with a week through. So let's say like here would be the top. It's you it's very common where you can see a week through the median line and then you get the close below and then the start crash starts if you kind of understand what I'm showing here. So that's very a possibility. I will be really analyzing this on the monthly time frame. So even if you start seeing on the daily time frame like I we're getting through the median line pay we we have to pay attention to the monthly chart. So I believe the monthly is going to really be the the ultimate sell signal if you don't actually want to start selling right at the median line which probably I will be doing that personally. But one very interesting strategy is you wait for the week through here then you wait for the monthly candle close closes below and that's your confirmation signal that okay the algorithms have started dumping and it's your time to get out of the market. But definitely this is what really keeps me really very excited because for the first time we're getting so close to the median line. So I really believe that we could even hit it by the end of the year. Uh, so let's see. That's kind of one of my biggest calls. Bottom calls, I don't really know, but I know that the algorithms have been buying it up the stock market since 2009 here. So, I can imagine the crash is going to be quite huge. I think I've never seen such a large pitchfork before. I had a one very similar on silver, which I believe is almost as old as the as S&P 500, which we're also going to cover, and that resulted in a massive crash on silver. So, I believe we're also going to see like very interesting times ahead, especially this year. So I I suggest I mean I know a lot of people going to call me crazy because I'm calling with such a a strong conviction but I suggest everybody have this med line on the chart. I think it's definitely going to help you to try catch the top here on the S&P 500. So that's kind of it for my S&P chart. I mean camel if you had anything else to add here. Uh otherwise we we can maybe move forward here to some silver and and gold charts as well. Uh just just one thing I'd like to ask actually is could you do the measurement from the median line to the dotted line below and to the one below that just let us know what kind of correction we're talking about once we get it.

[00:12:11]>> Yeah. So let's do maybe speculation here. Let's say we we hit the median line by October here. So like from the so from the median line let's say we we that's top in October and then the measurements down here would be like like 30% correction and then to the outside white line would be like of course we need to add some time as well maybe like a 50% correction. So I wouldn't be surprised at all if we get like a 50% correction towards the outside basically this line here I think this one you referred to. So that could very very well be a possibility and depending where we top there will be around like a 50% correction uh for the stock market and of course we could even overshoot that but I wouldn't be surprised at all if we we get to the outside the main line here the the white thick line on stocks.

[00:12:52]>> Yeah. So potentially uh something that we haven't seen in a very very very long time really.

[00:12:58]>> Yeah definitely.

[00:13:00]>> Okay cool. Do you want to show us uh do you want to show us some gold and silver charts if you got them?

[00:13:04]>> Yeah I thought currently I'm mainly pitchforks here. We can also talk about like 0.3 ones. I know this I know what people I also wanted to look at but I thought we can jump here on silver. I saw somebody wanted me to really cover silver here because I know Came a lot of your audience are very into metals. I'm personally not too much trading metals personally more like a holder but we can look at here gold and silver. I have some very interesting pitchforks and I thought maybe we start on silver. I I really like how silver has been respecting the the pitchforks here and kind of my views here I have on the metals. I believe for example that metals right now have entered kind of a boring phase. I believe they are they had this huge run up and especially silver here I believe they're going to need some time to to correct here on a sideways basis. So maybe not correct in price but I believe correct sideways here. So we can start here on the silver chart. Uh silver on the this is a twoe chart. Uh I'm using an original pitchfork here starting from 2008 again similar like on the C stock market we had the 2008 2009 crash here which caused silver to to had a huge dump here basically like a bare market like a quick bare market. Then we're using the the bull market top in 2011 and then we used the recent bare market where in 2020 with the C19 crash here. So this is kind of was one of my like top calls for silver. We're aiming at the median line here at around 115 and they actually managed to get into a short right here on the median line. So we can see here clearly how the algorithm is starting to sell. Uh so I think this is also a very important level to pay attention to on silver. Does this mean that silver has stopped? Personally from a from a pure price action perspective I I don't think so. kind of I think UK camel are also suggesting that they're probably going to have another move higher and it looks like to me an unfinished like something like this basically on silver like and something to to remember silver it really likes to have this chopping period which can last for years. So when it runs, silver runs very quickly. But when it chops, it can really take a long time to chop here um for many many years. And I I believe right now this was probably the top of a massive third wave. And I believe right now the silver silver has probably is in some kind of fourth wave here. And I still believe like a fifth wave is possible here on silver uh towards the upside. But I personally think right now the gold and silver are not going to have too much volatility. Like I mean they can have like intra like inside the range here.

[00:15:27]they can uh be quite volatile, but I believe overall they're going to need some time here to correct. Fourth waves, they love to go sideways before then we can maybe get a second touch of the media line. H So that's kind of my outlook right now. Um what do you think about this camel? I thought I think I've been watching your videos. You expect another move higher uh if I'm correct.

[00:15:48]>> Yeah. So the the green squiggle you just drew where we kind of chop around sideways for the rest of the year and then move up. This is my kind of uh plan B for silver. Uh for me, I was thinking that we're probably going to just snap higher up here. Um and see another high first and then that will put a top sometime around the middle of this year, I would think, if I'm right. Uh and then we would spend the rest of the year declining into the like half cycle low in the 8-year cycle, which is also due at the end of this year. So, I'm kind of thinking, yeah, what you've drawn here, I I think would be if I was wrong in my expectation and we just need to kind of chop around and print a bigger wave four. Um, then I could absolutely see this. And my invalidation level is like daily cycle failure. So, if we fail the current daily cycle by trading below it, then I have to accept that it's got to be this green squiggle. And if what we do now is print a daily cycle low because there's there's a daily cycle low due in about six or seven sessions time on the 28th. If we print that and then just make one new higher high, which I actually think we could do. Um I think it could be as high as even like I don't I don't really want to pick a number, but I could see maybe 200 on this final push. And I think that would just really give us the space to then have a much bigger correction into the four-year low at the end of this year.

[00:17:12]But, as you know, I I just kind of have if then scenarios. So, for now, if the cycle low holds, which it is, um, and it doesn't invalidate until like 60 bucks or something. As long as we're above there, then I think we're going to continue to push higher. And if we fail the most recent daily cycle low, then again, like I said, I'll just kind of accept that we might go sideways here.

[00:17:31]Yeah, I personally think that the lows could be in here on silver. I actually missed the lows. I was actually I shorted the top basically and I got out right around I think 68. But the thing is uh this is the 0.31 here which I added now here on the chart. So usually I pull it from the second wave. This pay attention this is a twoe chart and we can see right now uh the 0.31 is holding here very nicely on the week. We had two touches of it but we can see both times we have closed above it. So this could very typically be a fourth wave here forming on silver. So I wouldn't be surprised at all if the lows are actually in on silver. I also like how we swept the lows here when there's kind of chop area and then higher. So that's kind of my my base case right now. I think the fourth P is most likely in.

[00:18:14]Another thing very interesting which I want to cover quickly here. I actually have a lot of things to cover but I'll try to be quick. So same here if we come back on the median on the on the pitchfork here we are using the logarithmic chart here but if you just change your chart from the logarithmic to just a linear chart here h this is a very rare phenomenon but it happens from time to time where we can see here price came and tested the median line from the outer from the other sides we can see here this median line especially if you zoom in here on the first touch we can see the accuracy here like it's almost insane how accurate it is then we got another touch as well so we can see we're getting some pretty strong support here on silver both from the 0.31 and from the median line on the linear chart. So I that's why I really believe that uh silver is putting in some really strong bottoms here. Uh some pretty strong support we can see here also correlates with the 0.31. So as I said I wouldn't be surprised if the fourth wave is already in on silver and then of course in my personal opinion fourth wave usually they need time to chop. So I wouldn't be surprised if some chop here and then another fifth wave towards the upside here on silver. So that's kind of my my outlook right now. Another thing I want to quickly cover because I know you guys are also waiting for gold.

[00:19:22]If we zoom in here, zoom out on the monthly chart. This is actually one of the most interesting pitchforks I have I think ever drawn. Even maybe even more interesting than the stock market pitchfork which I I started showing.

[00:19:33]This is a similar pitchfork, but this is a modified shift pitchfork. This is not a shift pitchfork. This is not an original pitchfork. There are three types of pitchforks I used. This a modified shift pitchfork. I have pulled this one. It goes from uh 1971.

[00:19:48]So it's even older. It even starts further back than the stock market. Then it goes all the way back to 79 here. Uh and then the lows here in 1991. So super super old pitchfork here on silver. And we can see here it predicted more or less almost like to the dollar the bull market in 2011 on silver. So we can see here this has been a really really accurate pitchfork. And we can see right now silver has come to it for a second time. Of course the more times we test uh resistance the weaker it gets. You can see this time we actually shot through it, but we can see once again the monthly candle was below. So this is kind of what I mentioned. If we come back on the stock market, I said always look for the wicks here because it looks like we're going to break, but we can see the monthly candle will close below and then we get the drop. So this also something that I don't want to disregard. We are seeing like some really really big resistance here and that's why I believe it's going to be very difficult for silver to just rip new highs here. I mean even though it is a second touch but this I really really macro pitch work and there's some big big old players basically dumping here at the medium line. So I just thought this pitch work is very interesting here and this was also one of my main targets. We had the nice confluence here basically on silver where we had the smaller time frame pitchfork here and then we had the larger time frame as well and we saw this super nice confluence basically you can see here when you see this medial lines confluence here was a very very easy short for me in my opinion and that's also why I believe that at least I think at least in time silver is going to have to correct and then we can see maybe we can start breaking it um that's kind of it but I'm personally looking now for silver unfortunately I think it's going to be a boring year for silver in my opinion.

[00:21:23]Um, so yeah, that was it. I think gold right now looks more interesting. We can we can look into gold.

[00:21:28]>> Yeah, please do.

[00:21:29]>> Yes. So, gold right now has been very tricky to add these pitchforks on. Uh, I have some really crazy targets on gold.

[00:21:36]Shout out to you, Camel. I I said this I think I mentioned this on Twitter a while back when gold was rallying.

[00:21:42]You're one of the one of the few people that were calling gold with conviction.

[00:21:45]like you were calling for some crazy numbers on gold and last year I mean gold went absolutely insane. So I was really impressed by that call here. I actually got to admit I was a bit sidelined here. I wish I had bought more gold. Uh but yeah so this is kind of I I tried to adjust different type of pitchforks here on gold that would fit.

[00:22:04]But at the end of the day this was the only one I could find and I wouldn't think this is out of the question. This is an original pitchfork which is my favorite type of pitchforks to use. I don't really enjoy using the modify shift ones or the shift ones. I mean, for example, the shift one was previously very accurate here on gold, but then we broke above it. Then we have the modify shift one. We broke above that very easily. So, I think the original is going to really be the one that probably going to form the macro top on gold here. This one starts in 1999 again 2011 bull market top, bare market bottom here, 2015. And this suggests that the rally on gold, pay attention guys, this is a twoweek chart.

[00:22:41]So of course this can take years and years to develop but this suggests that gold has still much much higher to go.

[00:22:47]As you can see I have a target around 7K on gold. Of course this could hit by 2030. That would mean we hit 10K. This doesn't mean we have to hit it like this year. But that's kind of my analysis here. I'm really this just like a macro analysis on the short time frame. I don't really have too much opinion of on gold. But what I'm saying here, I'm putting showing this kind of crazy target and I think it it's very very possible for gold to rally another 50% in the upcoming years. I'm very curious to to let to listen to hear your thought came because I know you're on one of the biggest bulls here on gold.

[00:23:19]>> Yeah. You know what? Do you want to hear something crazy? I think we're going to hit this median line this year. I think we're going to hit that median line in the next few months to be honest. Um, so I mean if I'm wrong, I'm wrong and we'll fail the daily cycles and that's how we'll know I'm wrong. But I literally think that this thing has just finished correcting a weekly cycle and is about to run again. I think you see how it's been doing these like lockout rallies um over the past couple of years. Like I that's literally what I think is going to happen again until we get to that median line. Then I think we can have a correction into the end of the year. Um quite a sizable one. I've long said that once it actually corrects we could do 30 or 40%. And I'm starting to wonder if we might get lucky and see more than that.

[00:24:01]And the only reason I say that is this most recent correction I think was for silver it did like almost 40% in a daily candle. And then what does that say there is that 30% nearly top to bottom for gold as well?

[00:24:13]>> Gold from top to bottom like uh uh 26%.

[00:24:18]>> Yeah. So we did almost 30% like without even trying really without any reason other than you know price had just gone up a lot and like I said I think the silver candle was 38% in one daily candle to the downside. So I'm actually thinking if we get all the way up to that median line maybe 7ishk um then I think we might even get a 50% correction from there if you know the stock market really is going to top and we're going to have this big riskoff moment and everyone's going to be forced to grab liquidity. Uh maybe 40 maybe 50% is like maybe I'm kind of dreaming because I just want to buy gold 50% cheaper. Uh but yeah, I I I think at least the the thing I'm the most confident about at the moment is I I do believe we are going to hit the top of that median line. I believe we're going to hit the median line this year and then from there I think we get at least 30 maybe 40% maybe even more of a correction from that high.

[00:25:08]>> That's really interesting. I I personally think it's going to be very difficult. I mean let's see. I mean if you're right it's going to be a great call but this would mean basically if we map it out timewise uh before end of the year let's say here December I mean I mean it's a possibility if we do replicate something like that here on gold I mean it is a possibility but this would mean need to start rallying here uh basically quite quickly here this year so basically something like this could very well be possible uh and then get a bigger correction so let's see but I think as well this is a really uh this a pitchfork I'm really confident in so I really ove these original pitchforks, not the shift ones, not the modified shift. They tend to be highly highly accurate. So, I believe this could also be like I know people say like don't try to short the tops, but that's literally what I do when I when I see this macro medland get hit. They usually provide some really good shorting opportunities.

[00:26:00]So, yeah, I think this also another very important uh pitchfork to to have.

[00:26:04]That's kind of my analysis on gold on the short time frame. It's kind of difficult to analyze it uh here, but yeah, I also expect gold to go higher.

[00:26:13]That's of course going to be interesting to see how that's going to happen for silver because I'm kind of looking more sideways on silver while more higher on gold. So, we have to see how that's going to play out. But that's kind of my my chart here on gold, which I know I think I haven't shared this publicly in a long long time. So, now you guys know here and yeah, it's going to be interesting to see. But once again, I think 7K gold is highly possible, especially we have to like it could even go higher than that. Who knows? Like this med line, the longer it takes we hit it, the higher it's going to go.

[00:26:42]>> Yeah. So, we agree it's going to hit it.

[00:26:43]It's just I think I think it's going to hit a little bit quicker than you do by the sounds of things.

[00:26:48]>> Yeah, we have to see. Time will show.

[00:26:50]And uh yeah, I mean I think we all want higher gold at the end of the day, so quicker the better. Uh but we have to see. So yeah, that was kind of it for my gold analysis here. I thought we could maybe move forward to Bitcoin here. Uh we can do Bitcoin. Bitcoins have been a bit have been a bit tricky. So I actually want to pull pull up a chart here from uh this a chart. I think I also mentioned to you first time I was on your show which which was back in I think it was around back in 2024 I believe somewhere close to the summer 2024 I was on your show. So I thought we're going to go back here kind of give my clear picture I had at the beginning of this bull market and kind of like u give my full outlook here on Bitcoin here my macro outlook. So first of all some disclaimers I want to add here. I know people are not a big fan of this but I'm just going to show you my analysis and people can either either like it or don't like it but this is how I'm viewing the market at the moment. So I'm currently using the Bitcoin CFD chart. CFD stands for contract for difference. It's a type of contract you can trade and weekends are excluded here. So on this chart you cannot see weekends because the market for CFD uh contracts are closed on the weekends.

[00:28:04]Again this is uh the chart if you want to it's Bitcoin USDA is what I'm using here and the reason why I'm using this chart is because it was highly highly accurate uh to predict the the previous uh bull market top. Uh so let me just hide these things here and then we can uh go back here. So this is the the full chart we see on Bitcoin. I spoke about this. I've been speaking about this since the inception of my social media.

[00:28:30]The basically the the idea behind this is that you are going to draw your pitchfork from the absolute bottom here on this chart which is in February 2016 and then you're going to use the bull market top we had on Bitcoin back in 2017 and then the bare market bottom we had in 2018. So this is a pitchfork that when you draw it that you get on your Bitcoin CFD chart and then what I used I used the modify shift pitchfork. You can also start with the shift one. The shift one is usually the the most conservative one. So we can see here the accuracy of the shift one. It predicted the top here on Bitcoin. So 19 before Bitcoin then had a crash here like almost 67 68% here. Uh so this was not a small uh basically top that this medial line formed on Bitcoin. But this didn't really catch a bull market uh top. And I know everybody's interested to catch a bare market bottom and the bull market top. And that's kind of what I'm striving to do here personally. So after we we broke above the shift one here in 2020, we were forced to uh or not even forced I mean we're happily to switch to the modify shift pitchfork which was the one to predict uh the basically the bull market top here on Bitcoin. Let me just readjust this.

[00:29:43]Uh make sure that have it adjusted correctly. This uh pitchfork, you want to really get the lowest lows and the highest highs and use the magnet tool when you adjust the pitchfork. So we can see here on the weekly chart uh price eventually came up to the modified shift pitchfork here. This was at previous bull market where more or less the top was. Yes, late late later on Bitcoin did make a higher high. But if you have gotten out here at the median line, you would have not wasted an entire year basically holding your bitcoins for what I think not even one more percent return. Uh so you can even zoom in here on the daily chart. You can really see the accuracy of the median line here how the it's basically to the freaking dollar. You can see here first we front ran it then we had one touch, two touches and since then in my book uh bitcoin was in a bare market. So this is what's so interesting about this medline here. We can see we got two touches then we had the sideways but as I said this is how I count as a top more or less we had slight higher high and then entered a bare market. So we can see here the algorithms managed to sell at the median line. I really was paying attention to the median line because we had a very nice correlation on Ethereum as well which I'm going to get to. There's a lot of information here but I'm going to try to break it down so it's easy to follow.

[00:30:54]So that's just to to make this clear.

[00:30:57]This modify shift pitchfork according to the CFD chart predicted the bull market top. So if we can all agree to that here's what the interesting part comes to which I realized much later I did not uh catch the bare market the last bare market bottom when bitcoin bottomed at 15k but this is what the really really interesting part comes to which I think I want to share here for everybody which can be very useful to know try to catch the the current bare market bottom so you can see here as I said we got the bull market top and right now all you have to do is instead of using the the logarithmic chart which we are almost all of us are using when we are charting Bitcoin. H if you just switch back to the linear chart. So you come back to the linear chart, you can see this pitchfork gets absolutely destroyed. It looks terrible. But if you start zooming in here on the chart, if you really zoom in here, you can see where did Bitcoin bottom here previous bare market when we hit 15K. We can see the exact same pitchfork here that more or less predicted that the bull market to top as we spoke about here was the orans were selling. We can see you zoom in here.

[00:31:58]This was also the bare absolute bare market bottom. So you could have basically bought here right at 15k with conviction if you knew this of course ahead of time. This is something I realized much much later on and since then we entered a new bull market phase here. So this one really I think is absolutely very very interesting and mind-blowing because we can see the same pitchfork showing us the top more or less arguably the top is showing us uh the factual bottom as well. And what's very interesting I'll prove to you guys that this not a coincidence. I'm going to show you the exact same pattern on Ethereum here as well in a second. So, that's kind of what I was basically I want to to to share that I was looking at this previous bare market and bull market and I'm going to try to apply the same rules here to the current uh price action here. So, applying the same rules here, we are going to use the same uh the same pitchfork and the same rules.

[00:32:49]So, we're going to use the the previous bare market and then we're going to use the previous bull market top and then the recent bare market here. And again, we're not going to use the shift one. We can see again we spoke about we started from the shift one. We can see again the shift one first acted as as resistance.

[00:33:03]We broke above it and then we switch to the modify shift. Well, this bull market we can see the modified shift pitchfork has acted as resistance but it wasn't as accurate as the last bull market modified shift. So we can definitely see here we can see two times Bitcoin tried to close above it. We never managed to get a weekly candle close above the median line. We had this time where where Trump got elected in 200 uh basically early 2000 yeah late 2024 early 2025 where we actually saw price invalidating the median line. So this is something I don't like to see personally and this is not a pitchfork I'm really cheering on. I'm saying oh this is the most accurate pitchfork. I understand that this pitchfork has not been very accurate to this bull run because we did break above it. But we can see here late uh basically uh later on basically we never really broke above the median line. But either way the medline acted as a very fair value here for the large players to start basically so slowly selling here. So every time basically we're we're close to the median line we were in overbought territory if we can call it that. So, but according to this uh pitchfork right now, I'm going to try to catch the the basically bare market bottom here. And what I'm trying to to kind of guess where we're going to bottom here on the bare market. So, we're going to use the same rules here as we used before. We're currently using the logarithmic chart. And all we're doing right now is we're switching our chart back to the linear chart. So, coming back to the line linear chart here, we have to zoom in here a bit. And we can currently see here that this median line has not been tagged here on the linear chart. And this target is currently sitting at around 56K. And this is where the interesting point comes to. I want to hear your thoughts, camel. I believe that the bare market is not over yet. I think the bare market has been too shallow here. I mean, it happened very quickly here. And I think if we just start ripping out the new highs, it wouldn't make sense to me. I mean, Bitcoin did a 52% correction from the absolute top, but I believe that we're probably going to see some kind of rally here and then correct. And I believe 56k is where I'm guessing that we're going to see the bare market bottom h before then we are going to enter another bull cycle. This kind of my prediction at the moment that I'm looking at.

[00:35:18]>> I'm surprised it's not a bit lower than that actually cuz what's the current low like 60k right?

[00:35:27]>> Yeah current low is 60k. So yeah and this million also goes a bit higher so the later we hit it it's going to be a bit higher as well. It's quite a high target, but I believe I actually don't think the bare market is going to be as low. That's that's my personal belief.

[00:35:40]But of course, we could have like some events like the C19, if you guys remember it back in the day when we had this huge red candle that quickly got bought up. This could correlate if we get a huge crash in the stock market.

[00:35:51]This what those people are asking me what I believe will happen to Bitcoin when the stock market corrects. I think Bitcoin is probably going to have like a huge correction quickly bought up and then money is going to flow away from stocks into Bitcoin. I think that's very very likely. So time will show. I could be wrong about this, but this is really what I'm looking at here for a bottom. I think you camel are calling for or hoping for at least around 30k 40k. I think this a quite high target, but I think it's very possible that uh that's I mean that's at least going to be a major zone we're going to bounce from.

[00:36:18]We can see this midon has been respected in the past here. So I would like to see something like this happening before bouncing. But of course the the timing I don't know you can you're more professional about the timing. I'm more looking at price here. So, whenever we hit it, I'll be a buyer here for sure.

[00:36:33]>> You know what? I would I I think we could see that 56K get tagged in the middle of this year. So, we've got about 30 more days of the current daily cycle for Bitcoin and then it's expected to print not only a daily cycle low, but a weekly cycle low as well. We'll be in in the weekly cycle low window for the mid year. So kind of late May, early June, I would expect to see a significant weekly cycle low. And I would expect it to be below the current lows. So I wonder if that's what we're going to get. Like we get a little bit more upside here like you suggested. Maybe we retest like 80K or 85K, then down to the median line at like 56. And maybe that will be enough to convince people like, okay, that's it. The lows are in. We barely made a lower low then. Yeah, that's what I'm talking about. Maybe something like this. Or maybe it's just like a giant inverse head and shoulders. So we don't even get the uh lower low into the end of the year. Maybe we get another higher low in here around that kind of 60k level instead.

[00:37:34]>> Um you know what I mean? Can you see what see the vision? Yeah. So then this whole thing will become like a inverse head and shoulders type pattern, right?

[00:37:42]>> Oh no no sorry not there. So yeah the current low is 60k >> right? Then we bounce up to 80K, let's say, and then we come down to 56K for the middle of the year and then make a higher low at like 60k at the end of the year.

[00:37:57]>> Okay. But I I believe we're probably going to take out these lows here. 60K.

[00:38:01]I would be surprised if we weren't taking them out.

[00:38:19]Yeah, that's going to be very interesting. But I think this is like the one of the best charts. I mean, like this huge opportunity. I think everybody should be looking at this. And I see a lot of people are really angry about crypto overall. But we have to remember we're currently trading at 76K. I mean, that's a huge achievement for Bitcoin. I mean, I can't imagine why people are so bearish. Like just looking at the price, we are at 76K right now. I think this is not going away. H you want to accumulate as much as possible. Uh and I think like even if I would hope I could accumulate below 50k 55k but we have to see like how low this can go but I I saw I mean right now we are like people are a bit euphoric because we are seeing this rally but before we got this rally here the amount of like uh the negativity we're getting here uh like was insane and I was telling people like we're still trading above 60k like this this is something you want to pay attention to. this asset is not going away and you want to really try to accumulate as much as possible as you can of Bitcoin, especially in the bare market. That's when everybody goes away, but you have to your job is to focus to catch the bottom here because if you get a good position at the bottom here, then you're very well off once the the next rally starts towards the the upside, it's going to be much easier for you to manage your position and take profit instead of if you're buying to close to the top. It's much more difficult, of course, to manage your position. Uh so that's kind of what I've been telling people. really pay attention to to the bare market bottom here where it's going to be. I have some targets here. We can zoom in here on the short time frame.

[00:39:48]Talk about a bit the 0.31 here on Bitcoin that I've been looking at here.

[00:39:52]Uh so this is kind of one of the targets I'm looking at that we could rally towards. So this is if we come we can actually use a daily chart here. So a little bit zoom in here on the short time frame. I believe right now overall the market looks relatively strong here uh for crypto. So I believe we are due for a bit of a rally here. What I'm looking at here personally is pulling from the all-time highs to the lows here. Here we get to the 0.31 sitting right at 8 80K 500. So I wouldn't be surprised. This is one of the targets I'm looking at for Bitcoin to rally towards. So I believe this could very well be the top for Bitcoin. So we could see like something like a 1 2 3 4 and then we get like the move down. I think camel you're kind of expecting the something similar. So this is one uh major major level I've been tracking here on Bitcoin is a 0.31 sitting at 80K.

[00:40:38]Uh very similarly if you go on the logarithmic chart we can see previously the the the fib changes switching from the linear to the logarithmic chart. We can see previously we also hit the 0.31 very interestingly here and rejected from it perfectly almost to the dollar here. So the 0.31 is something that you really want to pay attention to. And we had very similar here when we had the first move down here. We could uh go back in time here again pulling from the highs to the lows. Here you can see once again the 0.31 always acts as resistance here. We had like one touch of the resistance basically three touches kind of broke above it on the daily. If you go back on the logarithmic chart, we can see even more accurate how it is. We had like one touch here, two touches and then zooming out on the weekly time frame here as well. We can see Bitcoin never really, especially if you go on the weekly chart, we never really broke above the 0.31 here. So this was the first time we had like down up then we had another move down here. So if we come back here on the weekly and just draw again the 0.31 from the highs to the lows here. Uh once again we as I said first rejection from the 0.31 right now we're breaking above it. Switching to the to the normal chart. I think we're also probably not going to break above it. We have 80k here. And I know guys I covered this very quickly.

[00:41:53]I don't want to make the video too long.

[00:41:55]But basically what I'm really looking at here is a 0.31 because we can see last time Bitcoin tried to break it. We had this huge crash here down. So let's see this time. I believe we could form something similar before then rolling over. I mean I would hope for higher prices to even run a bit higher. I think that could be healthy for the market.

[00:42:10]But I think ADK is definitely going to be a very strong resistance that I'm looking at uh kind of the line in the sand at the moment for for Bitcoin.

[00:42:17]>> Yeah, to be honest, I completely agree.

[00:42:19]And that 31 level at the 80 80kish level would also just be the back test of the weekly cycle failure that happened. So that would be very typical for Bitcoin and for weekly cycles. I think you're absolutely right about sentiment. Like the sentiment is is all over the place at the moment, right? There's like a lot of um sentiment that doesn't match price at the moment as well. Um, and then the other thing I notice is that we've kind of got this like this weird situation where as you said like Bitcoin is actually holding up extremely well, right? Like it's well over 60K this deep into a bare market and it's actually kind of just back testing the prior cycles highs, right? That's kind of what's happening here. Like if you zoom all the way out, you can just see that like we broke above uh and now we're kind of just hanging around on top of that level, which was also a big level for the first time we hit this cycle, right? Like after we hit the all-time high preh haring, we took about six months to consolidate right there. Yeah, exactly. So, right now we're doing okay and I wouldn't be surprised if we have to come down and sweep that 49k low from this cycle uh from like just after the h havinging.

[00:43:25]>> Yeah, I wouldn't be surprised at all if we have to come and sweep that. But we don't have to, right? Like if we do, great cuz I could buy more Bitcoin and if not then whatever. Um, but I think something else I can't get away from at the moment is the strength of the stock market and the market in general, right?

[00:43:41]Like the S&P just smashed to new highs out of nowhere.

[00:43:46]>> Crazy this.

[00:43:47]>> Yeah, absolutely crazy strength. And Bitcoin is like just still in a range pretty much. I know it's like getting better, but is still in that kind of same range it's been in for a couple of months. So, it kind of makes me think that really the cycles and the bare market that's typical for Bitcoin is just going to keep repeating here. Like, it seems like that's firmly in control at the moment. And I mean, I would change my mind if we started to flip 80K back into support. Then I would change my mind about that. But for now, it does seem like there's at least one new lower low coming.

[00:44:17]>> Yeah. And also, quickly, I want to share I think there is some room if the stock market continues to do this basically here by the end of the year. I think this could really fuel a bit Bitcoin to go a bit higher here. So I have a slight higher target here pulling from the basically the lows we had here in August 2024 to the highs to the lows here. I have this shift pitchfork median line here. So this for me would really be the level where if we start breaking it it's currently sitting it's super high. It's 96k and that's why I'm really more paying attention to the 80k level here.

[00:44:48]This is a shift pitchfork I'm using.

[00:44:50]This is kind of the level where I'll be like okay I was wrong. we're probably going to enter another bull market if we would break this level here. But what I'm looking at here either we come up here and we start rejecting lower or like the really really bullish scenario here is we we we basically come back above and go all the way up to the median line here and then reject from there. So these kind of the two scenarios I'm looking at here. I personally think 96k or 97k or 95 depending when we hit it is super high.

[00:45:18]But that's kind of what I'm looking at.

[00:45:19]It will start break this level here.

[00:45:21]that will probably mean I'm I missed the bottom and we're probably going to enter another bull cycle. But these kind of the two targets I'm looking at here. I'm aiming more towards the the 80k level here being a really strong uh resistance here. So that's just kind of my my outlook here and I still agree with you camel that I believe that the bare market lows are not in and I don't think the bare market is finished as well.

[00:45:42]Another chart very quickly I don't want to keep keep you too much here but is the Bitcoin against gold and I really wanted to hear your thoughts about it.

[00:45:49]This is another chart that I'm looking at here for me to to understand where the bare market might form. So just going to quickly cover that and then I think we're more or less finished here uh because I think we're quite uh the video will be too long. So basically BitC against gold here. This is very very interesting. Bitcoin against gold.

[00:46:10]We have this massive pitchfork I'm looking at here and this basically showing here right now Bitcoin is outperforming gold here ever since basically February here. this year. So, this could also mean that we're going to see a huge rally in gold or we're going to see another crash in Bitcoin here. I believe that we still have to come down to the middle line. And I think this is going to be one of the main charts I'm looking at here to really start buying uh Bitcoin here because you want to understand the correlation or the basically the the relationship between Bitcoin and gold. Most most people are looking at Bitcoin against the dollar, but I think a lot of people should be looking at Bitcoin against gold as well.

[00:46:44]And this is basically just using the previous bull market top, bare market, recent bull market top as well. And we can see we came very very close to the median line, but we didn't quite hit it.

[00:46:53]And that's why if we would have hit it, I'll probably be here talking about some bare market bottom being in. But I believe right now this still going to roll over where this basically means that you're going to do better if you hold gold at the moment compared to Bitcoin. And this could probably mean that for like just an estimate, let's say we start reversing here quite a lot actually. we could see another 40% maybe even 50% correction uh Bitcoin I guess against gold. So this means like holding gold here could actually re give you a 50% better edge here. So, and this could also align with what you came have been saying. You expect like this big moving gold and that would really play out with this chart actually going lower because this medline has not yet yet been realized and I think this is going to be very important also to pay attention to once this midline hits. That's when you want to start basically switching away from gold into into BTC. That's kind of what I'm looking at here.

[00:47:45]>> Yeah, that's very interesting. And I think that that 40% is quite close to how far gold's got to go up in order to hit the median line as well, right? That 7ishk level. So that's kind of cool. Uh but yeah, I agree. I think I think gold's going to keep outperforming Bitcoin just because I think Bitcoin's very clearly in an established bare market. And even if it doesn't have to go a lot lower in terms of price, I think it's just mostly going to be going sideways for a while. Sideways and down is my current lean. It will be incredible to see if it actually lands on the 56k and that's the bottom. And I was also thinking actually, even though I'm kind of jumping around a bit here, I was thinking that that would be like a real like mind smash, wouldn't it?

[00:48:23]Because, you know, it would only be a few K below the current low. And it wouldn't really be convincing enough for anyone to be like, "Oh, there's a new lower low." Right? A lot of people would be like, "Oh, man. It only managed, including me. I'd be like, wow, it's run out of power to the downside." If it can only make an extra three or 4K to the downside from the most recent lows, then you kind of have to assume bearish momentum is waning, right? And then if all of this kind of takes a good few number of weeks and gold has a couple of months to hit its median line uh around 7K, then I think all these charts will be quite nicely aligned for Bitcoin to do Bitcoin things once again coming out the end of this year.

[00:49:04]>> Yeah, I agree. That's also I was thinking about this target here that it could be like if we come down here we just take quickly sweep the lows here people going to probably call for lower and then that could actually be a very sneaky bare market bottom but time has to show here guys and I really appreciate being here on the show. I think I kind of I know people want to maybe see more short time frame but I I shared kind of my most important charts what I'm looking at here. Also one thing actually I want to mention I think you usually when stocks dump we see the dollar rally. So I I was watching your video here not yesterday from the day before. I believe once the stock market is going to correct that's probably going to align with your dollar call.

[00:49:40]You're looking for very basically a huge rally in the dollar and I think once we get that in the stock market I think that's where cash basically when cash flows away from the stocks this usually correlates with the dollar taking off.

[00:49:53]So I think this median line is going to be a very important level as well to see once the dollar start rallying. I think once we hit this median line, we could see some big rally in the DIXY as well.

[00:50:02]So I want to to talk about that a bit.

[00:50:04]Um I think I was correct. Yes. That you're looking for a rally in the Dix.

[00:50:08]Yes.

[00:50:09]>> Yeah, that's correct. Yeah, I think it might sort of trade sideways for a couple of months first. Uh but I think the low is possibly in. I know that's not really a popular opinion at the moment, but I think the low is probably in. It >> could maybe be putting something like this here before higher. And I think that's going to correlate with the stock market as well. So it's going to be very very interesting times we're looking at before I wanted to cover strategy but I think I think maybe we can do that another time micro strategy I don't have too much strong opinion >> I would love to see if if you've got if you've got an extra two or three minutes I would love to see maybe strategy oil and ethereum if you could bless us with that.

[00:50:45]>> Yeah of course I mean I have time I thought maybe for you. So for me basically the the this was the the chart. I mean Micro Strategy has been much easier than Bitcoin here. It's a very easy call. We call this publicly on X as well. Once again these are the weeks I keep talking about. You get the weekly candle close below the median line and that's your confirmation that the the top is in. So this was the the pitchwork we had very easily from the bare market bottom. Basically the the C19 crash here. Micro strategy. You use the the massive top in 2021 and then the bare market bottom in 2023. I mean if you can yeah is that a bare market?

[00:51:20]Yeah, you can call that. So since then basically it was just a clear skies here. Once you get your pitchfork attached on the chart, you're just waiting for the algorithms to start dumping and that's kind of what what the top was on micro strategy. Then we had this distribution pattern and then going lower here. So that was very easy call on the micro strategy here to catch the bottom. I think it's much more difficult. But I believe also that the micro strategy here is in some kind of one, two, three, four. And I still I still think we're going to put uh one more low here for micro strategy. One pitchfork I had here. I actually haven't been charting this too much is something like this. I believe I had on the micro strategy here. So let me see if I can get the original. Uh so yeah, but I think this target is very low. So this was the only pitch work I could get on Micro Strategy. But that would mean Micro Strategy going to around 53 55. So I don't know what what's your bottom call on Micro Strategy. That's kind of what I'm looking at. But o overall I'm looking basically for another roll over here on Micro Strategy. Can we get all the way down to this median line? I'm not really sure. Uh but I mean we have to see.

[00:52:28]>> Well, interestingly enough, the hyperwave downside target is $35.

[00:52:33]And I've always said I didn't know if we would get there or not. Uh but it's good to see that like 55 is on the median line. I actually think that's more likely than a lot of people think. Um especially if Bitcoin can have another lower low, you've got to think that Micro Strategy, who's right now is only around break even on their entire Bitcoin stack, right? Uh so if they make new lows, again, they're going to be uh in in negative uh P&L on their Bitcoin stack. they've now got all these other instruments, right, like uh STRC and STRD and STRF and people don't really understand them. I think a lot of the people even that hold them don't truly understand how these products work and the risks associated and how much has been derised and all this kind of other stuff. So, I wouldn't at all be surprised if what you see here is if Bitcoin makes a new low, it's going to drive a lot of fear and panic into strategy and those strategy related products. So, I ab absolutely think we could hit 55. Um, I agree that there probably is at least one more low in here. Um, I don't think we've seen the lows yet. How low it goes is obviously anyone's guess. It could be 35 for the hyper wave, could be 55 for the pitchfork median line. Maybe it's not even, you know, what are those lows on the left hand side? Um, around kind of early 2025. No, no, sorry. Higher up here.

[00:53:55]>> Up one more. Yeah. Like what's that low there?

[00:53:59]103.

[00:54:00]>> So that's where the last lows were, right? So I don't know, maybe we just like only just sweep those again. Maybe if Bitcoin is going to do its like 56k bottom thing.

[00:54:09]>> Yeah, Microsoft seems tends to be very sensitive as well. So Bitcoin drops a bit, it can have like these huge, you know, crashes like we could do like this and then all of a sudden like go down and then like it it moves very differently than Bitcoin. We can see in the past as well. It has these huge runups then huge draw downs. So I think maybe it is possible that we come down here and what I'm currently looking at here this on the shorter time frame pulling just from the basically all-time highs here again the Fibonacci tool to to the recent lows here. So we're currently here we can see we are right at the 0.31. So this could be maybe a turning point on Micro. I think we're really here at very heavy resistance exactly 173 here. I might actually try to short this.

[00:54:50]I just realized it. So let's see this kind of a level I'm looking at here and this would also align maybe putting a one two three four towards the downside but yeah 53 I mean if we get there that's going to be really a level of interest of me personally but personally I'm more like a crypto like Bitcoin trader so I'm not too much into micro strategy but I know you camel are more the pro here I know you got some really really nice moves here in the minor and micro strategy here >> yeah I am I absolutely love this stock uh I love what it's doing I love how levered it is on Bitcoin And uh I love that it trades so technically as well.

[00:55:24]Like it it follows the four-year cycles perfectly. The entire runup from the highs at the moment and then on the uh bare market side of it has literally been almost one to one with the prior cycle. Um I've got like a fractal that I copy and paste. Obviously like fractals are not really something you should trade on anyway, but if you copy and paste the fractal from the pri prior cycle for Micro Strategy over the current one, it it looks remarkably similar on the daily time frame on the normal chart, not the log chart. And uh it it's amazing to me that even this little pump that we're having now is expected based on the yellow fractal that I've got. Uh and then it's just expected to roll over and make another low again. And I think if we can get that then next time around with Bitcoin maybe going to higher numbers and new highs plus Micro Strategy assuming all it has to do is not sell its Bitcoin, right? That's all it has to do. If it can survive this bare market without being forced to liquidate any Bitcoin, then so long as Bitcoin goes on another bull run and makes new highs, I have to think Micro Strategy has a lot more upside in it again. And I'm just super excited for that. Like uh I actually love the other products that it's building. It's fascinating to watch them kind of do this financial engineering with dividends and stripping the V from some of the assets and stuff like that.

[00:56:39]I think the whole thing is fascinating and uh I I actually think Sailor knows something. I I I don't think he's crazy.

[00:56:45]There was a time earlier on in this bull cycle that I thought maybe he was a madman. Uh but I don't really think that anymore. I actually think he knows something and that's why he's so allin on this. I think it's kind of he's made it his mission to do something for humanity with Bitcoin and I'm I'm excited to see that. I'm excited to trade this thing. Obviously, like I never go all in on anything. I don't think anyone should go all in on anything, but I think this is if you can find the four-year low for Micro Strategy, I think that probably does have highly asymmetric upside versus the risk if you allocate >> when it starts running like it runs like crazy.

[00:57:21]>> Yeah. So, this something I agree with you like this something you want to pay attention to and I think it can be like really huge upside trading this. as you said, all they have to do is not like sell their Bitcoin. So, as long as they can hold that, I think the upside is I think it can go higher than most people expect.

[00:57:38]>> Yeah, I absolutely think so, too. And you know what? As somebody that doesn't really care for Ethereum or altcoins, I'm actually excited about Ethereum soon, too.

[00:57:46]>> Okay. Uh we can look at Ethereum as well, actually. Uh quickly here, uh we can look at Ethereum. I I'm not I will be honest with you, Camo. I don't really Let me see. I have actually the Ethereum chart here. I believe I'm not too I don't have really a very strong conviction currently on Ethereum just because Ethereum has acted very strangely this uh bull market. I want to just quickly show what I was looking at here the current cycle on Ethereum which I promised you guys earlier when I spoke about the previous bull market and bare market top. This is Ethereum. Uh I'm using the shift pitchfork on Ethereum not the modified shift. So using the shift pitchfork this again the last cycle. So the 2021 uh basically bull market we can see again this predicted the top on Ethereum very similar if we come back here on our Bitcoin chart u yeah I'm not going to draw it again but basically we spoke about how the same pitchfork going to predict the the bull market top uh this was the same time where Bitcoin topped as well so this was the same time Bitcoin hit the midline in 2021 you just switch your chart to the normal chart here again and we can see here that's why I don't believe it's a coincidence we can As I said previously, the the bull market top was here at the median line.

[00:58:57]Yes, technically it was not because we had a few% more on Ethereum, but you get the point. Similar like on Bitcoin and then coming on the linear chart, we can see Ethereum had the bare market bottom at the medium line. So all you had to do basically to catch the tops and bottoms here last cycle. Uh I mean in hindsight it's all very easy. So was just to pay look at this median line and switch between the logarithmic chart and the normal chart. So we can actually I'll just try it quickly here again on Bitcoin here what we spoke about earlier today. Uh so this was very similar but on Bitcoin we're using the modify shift pitchfork here. So once again we can see here this was the the bull market top last bull run and then the bare market bottom here. Exactly same pattern on Ethereum. I just this just blows my mind here. But this cycle was very different.

[00:59:44]We actually didn't get to the median line on Ethereum. So, we have to see how Ethereum is going to develop this this uh cycle. We just like we barely just broke the alltime highs. I mean, this was like the biggest bull trap here ever. Uh barely swept the the alltime highs then went back lower. Uh currently, Ethereum is a bit lagging behind Bitcoin. We can see here pulling from the all-time highs to the lows. Uh we can see Ethereum is still below the macro 0.31 sitting at 2,400. So before we break that until then I'm bit bearish on Ethereum here. Uh so we have to see how that's going to develop. Uh but yeah I mean I I haven't actually watched came what your your outlook is on Ethereum but maybe this is like a huge accumulation here before then we get to the next cycle like some crazy price target.

[01:00:32]>> I have this kind of crazy idea that it's going to sweep the low from 2022 and then go into a new bull market. and all the people that were calling for 10 or 15 or 20k ETH. I think they're maybe going to be right here, just not until the end of the year. And I think we have to quickly sweep the low first. Like that's kind of what I'm thinking. Uh like I don't know. I don't know if you could see it or not. Uh I don't know if I'll be right or not, but I just think if we can come down and sweep that low gets kind of sub What is that low? It's like 900 bucks or something or 1K. Is it?

[01:01:04]>> This low here is like 880.

[01:01:08]>> Yeah. So, I think if we can just sweep that a little bit and then that that if it occurs in a four-year cycle low window like the end of this year, then I think there has to be some upside there.

[01:01:19]I think again that has to be something I'm interested in. I really don't like Ethereum. I don't really like the network. I don't really like the people involved. I don't like the monetary policy, but you can't lie, you know, you can't argue with the fact that it is still like the the number two crypto, right? and it does have some shady people involved with it or whatever, but I just think if we can get down there, then I have to take a shot at that.

[01:01:40]>> Yeah, maybe the this are really bare target to have on Ethereum. I personally think this just my personal opinion. I don't think Ethereum can go to this media line here. I think it's too low.

[01:01:50]But this is crypto never say never. Who knows? There could be a catalyst or something or like a black swan event. H So, who knows? But this like a really really the bottom target. I mean, if we get to this level, I'll be long I long the freak out of Ethereum, but yeah, this kind of what I'm having on the chart. Overall, I don't have I'm not don't have too strong opinion overall on Ethereum here. I mean, it's been really respecting the 0.31 here. So, it was a nice to trade overall, but let's see. I mean, I'm more focused on Bitcoin at the moment and not even paying too much attention to altcoins either. So, Bitcoin is kind of what what I'm looking at at the moment. So, we have to see quickly. I want to also cover let's see do have the oil chart here. So I don't want to to talk too much about oil because I'll probably be called crazy and uh I'll just let the people judge here. Those who are familiar with pitchfork here they know how they work.

[01:02:41]This is the oil chart. If you guys remember oil went into the negative here. Uh you can't really see it on this chart. It was a zero was the lowest it could go here on this chart. This US oil CFD chart again going back in 2020. I'm using the modify shift pitchfork. It doesn't really matter. You can use the shift pitchfork as well. It also was accurate. We can see the weekly candle close was below the median line. So, it doesn't really matter if you use the shift one or the modify shift. I don't want to recall like I'm cherry picking the pitchforks. You can use whichever you want. We can see here in my opinion this entire move up was just so the algorithms could sell the top here.

[01:03:17]Probably most of this is all rigged.

[01:03:19]Most what you see on the media, it's all planned ahead. I thought it was just very interesting. uh oil had this huge move up just to touch the macro pitchfork and right now the algorithms you can see here sold the top to the dollar here basically again you can use the shift one I don't really care this was also in my opinion the top since we never got a weekly candle close above so I just thought that was very interesting here I mean I get let the people think what they believe but in my opinion this clear clearly just a rigged market in my opinion >> that is absolutely crazy that it just ticked it like Yeah.

[01:03:56]Yeah. It's quite interesting.

[01:03:59]>> Wow. So, do you is this a market you trade? Do you care much about it or is it just like you just >> No, actually I stopped trading oil. I used to trade way back in the day, but I don't really trade oil to be honest.

[01:04:11]>> Bro, that's the same with me actually.

[01:04:12]Like, I used to trade it a lot and then I was like, bro, I just keep I I feel like this is the most manipulated market on earth and it's so manipulated I was like, nah, I'm done with it. I don't want to trade it anymore. I'll just trade something else that's easier.

[01:04:24]>> Yeah, especially with the with Trump now in charge. I mean, it's so volatile. So, you you it's almost like better stay away. I mean, there are better things to trade in my opinion uh than oil. It's just very very crazy. Uh but yeah, I used to have like another pitchfork as well on oil. I I don't think I can recreate it. I don't know if I remember it, but I think it was something like this here. uh that also predicted I believe it was like uh basically that it predicted also the negative prices on oil. I remember having that pitchfork like this it was one of these highs. It was either this high or this high here depending what chart you're use chart you're using but basically oil went into negative and you can see it was just so insane here in my opinion because the median line actually got realized the only way for the algorithms to get to the median line was to actually push oil into negative prices. On this chart, you cannot see it because I think they stopped trading at a little bit above zero. But on other charts, oil actually went to the negative, which I thought was absolutely insane. This was way way back in the day. I used to to chart it, but this meon was actually hit where oil went to the negative and then so I think the picture are very interesting on oil, but I think it's just all extremely just manipulative, manipulated and rigged market. Uh so yeah, I mean uh I tried to to break down all my most important charts. I really appreciate you camel having me on. H So yeah, I think we can finish it here today. I mean I have so much more charts on my ex and on my channel here. I'm more bit of a short time frame trader personally or more of a swing trader. This was mainly macro charts I now covered today here. Uh so yeah, >> that is really awesome. I'm sure people are going to love to have seen this. So thank you for coming on, brother. Thank you for your time. It was great to catch up. Uh do you want to let people know where they can find you? I think they do. I'll put your links in the comment and description and stuff like that. But do you want to like let people know where they can find you?

[01:06:14]>> Yeah. So on X is at King Cobra Trader.

[01:06:17]You can find me there. Uh I think um here you can get like my most interesting chart. So at Kingovert Trader, you can find me here and then have a YouTube channel as well. You can maybe link it below or you can just link my ex and you can find everything from there. Uh so very very interesting uh being in here and always nice to catch up with you camel. I really appreciate it and I hope the the viewers liked the the collab as well and I hope people appreciate the pitchforks. I think they're really really underlooked. So, always nice to to to be on the show.

[01:06:47]>> Awesome. Well, thank you very much again, brother. And I'm sure we'll speak soon.

[01:06:51]>> Thank you, Camel. Have a great day.

[01:06:52]>> Yeah, you too. Take care, man. Bye.

[01:06:55]Camel finance. He's the man to see.

[01:06:58]Rocking the market with his contrarian scream. Tra like a pro. No fear, no shame. Sticking to his guns in his money game. He's a bad ass. Oh yes indeed.

[01:07:13]Camel finance got the key ride.