Bitcoin Dumps After Strategy Exits (Where I Will Buy)

Added: 2026-06-03

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

[00:00:20]Which one?

[00:00:22]What's the second best?

[00:00:32]>> This is Discover Crypto and Bitcoin is crashing. And today we're going to blame Michael Sailor. Bitcoin is down. The altcoins are down. And we're going to go and look at my charts that I charted Friday of last week. Drew, it might have actually been Thursday. Drew, how are you doing today?

[00:00:46]>> I'm good. Uh boy's a little sick, you know, but uh he's feeling better now.

[00:00:50]and daughter won her very first tennis match. Um, so super excited about that.

[00:00:56]Market's uh hitting 67. Not feeling so great. We got here a little quick for me uh for my feelings here. Dy, we're moving.

[00:01:02]>> You know, I just opened a long like literally 30 seconds before we went live. We're up slightly. I might go ahead and clip this one and run. Drew, we were up almost 10% on the trade. I threw in a little bit more than I probably should when you're looking at the falling knife strategy. But we're going to go to the liquidation heat map.

[00:01:18]We're going to look at some levels and we're going to chart some crypto, everybody. So, smash that like button if you like some crypto charts. That's what you're coming here for now. Uh, did you show the trade, Drew?

[00:01:27]>> Yeah. Yeah. 8.9%.

[00:01:29]>> So, you're going to clip it. You think you're going to clip it?

[00:01:31]>> I I I'm going to we're going to go look at the charts shortly and I'll look at some smaller time frames and if if it's looks looks a little shaky or we're going to hit refresh on the liquidation heat map. If things look scary, Drew, we're cutting and running.

[00:01:44]>> All right. Yeah.

[00:01:44]>> In fact, I'm probably in the red already.

[00:01:47]Things are moving fast.

[00:01:49]>> It's it's a fast move.

[00:01:51]>> All right, let's look at the rest of the crypto market. So, Bitcoin is now down 5% just in the last day. So, we're we're talking about some pretty serious correctional candles here. ETH is down 1.5%. We have B&B down only about 1% here. We do have hype pumping. Drew, Drew, what what's been my favorite altcoin this whole year?

[00:02:08]>> Yeah, I think hype's been a major saving grace. You've leaned a lot of other alts world.

[00:02:14]>> I told people to sell Cardano to buy Hype. That's when you know I got conviction.

[00:02:17]>> I thought hell froze over when you said to sell Cardano for something, you know, but it's been doing really, really good.

[00:02:23]And I think we did get close to 80 bucks on Hype. Um, so it'll be interesting to see it's pumping today while everything else is absolutely getting wrecked. So, shout out to Hype. They're doing something right.

[00:02:33]>> Now, I got some bearish lines, Huck. We got some bearish lines and I put out some predictions like, you know, if X happens, then expect Y with this altcoin, like with Chain Link. And I got some other just ranges that we're going to be checking on everybody. Now, Salana is down 2.8. Doge is down. Even Zcash, though, Zcash with that 6.7% pump, 67 in the chat. And we have Lab. We're going to talk about Lab. Lab at a very suspiciously round number, Drew. That is a $20 coin. Zack XBT, I think, calling that one a scam. Now, let's look at the big gainers here. It is Lab, it is World Coin, is Memecore, it is ICP, it is Near, it is Render. Tell you what, maybe we'll look at the near charts as well.

[00:03:15]Ono with a little pump there. Jupiter with the pump as well. Big crashes.

[00:03:18]Humanity. Stellar. Stellar just got some good news. Launched a stable coin. It's down. It's And it's now down 10%.

[00:03:26]Monero's down. A I sold all my A for Hyperlid. I did it in trenches. Should have just done it all at once right in the beginning when Hype was trading in the 20s. But, you know, we we did DCA out of a into Hyperlid. So, seeing that one down, you know, doesn't feel too bad there. And Morpho, Drew, Morpho now near a very strong psychological level. $2.

[00:03:47]>> Yeah, >> $2 Morpho.

[00:03:49]>> It could fall more. I'm hoping it goes back down to like the$150 range for >> So, you'll buy some more if it falls.

[00:03:55]Morpho?

[00:03:56]>> Yes, I will buy more Moro if it if it drops a little mo for me.

[00:04:00]>> All right, let's look at Bitcoin now, everybody. So, Bitcoin, woo, look at that red candle on the daily. Totally out of the range here, but we do have a short-term bare flag. So let's look at the bare flag and let's go ahead and chart this to see have we hit the level or have we even exceeded the level and so this is the 1 hour chart that we're looking at. You can see the beginning of the flag pole and then you see the wavy flag. I'll even throw a little parallel channel here to make it look a little bit cleaner. And so this is your textbook bare flag on the 1 hour. Now we also have the macro bare flag but maybe I'll have to talk about that in a video tonight. I'll probably do a video just emergency chart video look at some levels. I am buying more Bitcoin. Let's stick with the short-term price action here. I probably I wonder if I am in the red, Drew. Okay. Okay. We might be in the green. Again, we open this 30 seconds before we went live. So, again, we're look at the chart. So, looking at this, we have our bare flag. The way you would measure this is you look from the breakout or the breakdown. That would give you your level. Drew, we are like literally right here right now. We did wick below.

[00:05:04]>> Mhm. Uh but very very close to the to the bare flag formation range.

[00:05:08]>> Yeah. The speed that we lost this on like the daily time frame.

[00:05:14]>> It it it blasted through.

[00:05:15]>> Yeah. And there was just like zero support, right? So seeing that go on while the S&P just hitting new all-time high day after day. It's just like what in the world is happening? I could have full ported into potatoes and outpaced Bitcoin, but uh you know, it's got to find a bounce point between here and and 60, I'd imagine. But I don't know, man.

[00:05:38]There's a lot of bad news, uh with the war going on and all that stuff. Um Trump crashing out. You know, people aren't feeling so great about the outlook of peace right now. So, >> now I did say we'll look at some more uh smaller time frames here. No B no bull div on the fivem minute. That is not looking good. Do we have it? We don't even have it on the 1 minute, but maybe it's just going to be a V-shaped recovery. That is not what we saw right there. And that is not what we saw right there. Drew, I'm I'm leaning towards clipping this. I'm definitely leaning towards just clipping this.

[00:06:07]>> I don't hate that idea. I do not hate that idea. Just kidding.

[00:06:10]>> I mean, how is it weak to sell after two green fiveminute candles? Am I being too panicky?

[00:06:17]>> Those candles are huge.

[00:06:19]>> Let's let chat decide, Drew. It's very irresponsible and irrational of me, but we're going to let the disco fam decide.

[00:06:26]Smash yes if I should close. Type no if I should hold on to the long. So, type in yes I should go ahead and close or just type in close or open. So, we will Someone said immediately watch it play out. Watch it play out. Close that long.

[00:06:40]All right. So, we got a little bit of a mixed bag here.

[00:06:42]>> All right. So, people are saying I should close it. No, I mean Oh, man.

[00:06:46]>> Exactly. Split. Uh >> oh. Hype is a scam pump. Hype is actually one of the few pumps that isn't a scam pump, but we will talk about lab if you do want to talk about some scam pumps here. I mean, this is really mixed bag here.

[00:07:00]>> Yeah, double down. Wild work. Close it like the hormuse.

[00:07:04]>> Nice job on the Blackberry call. We we'll talk about uh we'll talk about some stocks here. Also, I gave you a stock service now. And Drew, there's also a a Trump stock that he announced to buy in September of last year. It pumped roughly 3x.

[00:07:18]>> Is that MU? Are you No, but it has declined. We're going to talk about this. I We'll look into that a little bit later. All right. So, I mean, it's starting to look good, though. Starting to look good. We'll close this. Let's look at liquid liquidation heat map here. So, this is Bitcoin looking at liquidations.

[00:07:35]So, I accidentally moved the move the chart there. All right. And so, you can see down here, we do have some levels.

[00:07:40]But wait, I'm going to hit refresh. I was looking at this an hour or two ago.

[00:07:44]This is still at 69,000 essentially right now. Bitcoin dipped all the way to 675. So, we got a pretty good refresh here. Let's hit refresh.

[00:07:55]>> Yikes.

[00:07:55]>> Oh, hey. Hey, >> I kind of lost it out.

[00:07:59]>> I might have to hold this one.

[00:08:01]>> Oh my god. Here we go again. Here we go.

[00:08:05]>> I might have to hold it and then close at a loss. No, I'm liking what I'm seeing here. Jinction thoughts blessing boys. Uh, Jenction. I've not heard of Jenction. Have you heard of Jinction?

[00:08:14]>> I've never heard of that one. You know, I'm ready to get hurt again, though. So, I'll go, you know, I'll check it out.

[00:08:20]>> I hurt myself.

[00:08:23]>> See if I still >> What is this?

[00:08:28]>> What in the world is going on here?

[00:08:30]>> That looks like crime season to me.

[00:08:31]>> Yeah, someone's running out.

[00:08:33]>> What are these swings here?

[00:08:36]34 34% in two days. Uh, that that's a rough swing for, you know, like a 40hour time period there. That's a rough wick.

[00:08:44]>> That is not a good wick. That is a textbook topping tail. That is not what you want to see. That means uh people are just selling into the pump and the buyers could not maintain control there.

[00:08:54]Uh you also have a topping tail right here that kind of gave you a top signal as well. And we did wick past that. That to me is probably going to be a little bit of a short squeeze and it's reversing near these levels there. So, we're going to have to flip some of these ranges into support if you want me to be supportive of this coin here. Let's look at the 4 hour RSI.

[00:09:15]Looking a little rough. Looking a little rough there.

[00:09:17]>> Actually a middle finger like a clear.

[00:09:19]>> Yeah, it's a middle finger to the market.

[00:09:21]>> Yeah, it's flipping me off right there on that 4 hour. So, >> all right, let's talk a little Bitcoin here, folks. We're going to look at some charts. Don't you worry. We're not going to do too much news. Probably going to be more charts than news today. Maybe that's going to be a format that we'll we'll kind of embrace a little bit heavier here. Bitcoin drops towards 69K as sailor sale spooks investors while AI tokens buck the trend. Now, I did watch the live stream yesterday. You guys did briefly mention your thoughts on the Michael Sailor sale. I have to say I feel you and TJ were too bullish. It's only 32.

[00:09:50]>> I was mad cuz I didn't have your dividend graph. I I didn't have the dividend graph. That's the >> We're going to look at Stark. We're going to look at the stretch stretch perpetual.

[00:09:58]>> That's the one that I wanted to look at.

[00:09:59]I didn't have the graph pulled up yesterday. Um you the kind of the scary part about this is that it was only 32 Bitcoin being sold and dude has like 700 plus,000 Bitcoin. Like if he actually has to unwind or decides to unwind like that concentration of Bitcoin makes me feel a little bit queasy. It really does, you know. So the idea of him selling not great, you know. The meme of him floating away on the boat as the Titanic's burning behind him has a very symbolic meaning, but maybe he's selling the bottom like he did slightly at 16K again. You know, maybe maybe. But that >> it's a liquidity proving liquidity.

[00:10:43]>> Yeah, maybe it is. It is similar situation. But, >> you know, uh as long as they don't keep unwinding things, but I don't know, man.

[00:10:50]Like Coinbase is receiving a lot of uh Black Rockck ETF Bitcoin right now. It looks like I went through a couple different pretty decent accounts to verify it. There's some big big Bitcoin bags on the move right now.

[00:11:02]>> People were saying it might be time for the SpaceX IPO. I was very bearish on that because they are changing the accounting rules so they can dump this on retail and it does look like, you know, all the smart money is getting out of this until what I saw happen over the weekend. Drew, I did see in the distance a rocket take off. I was near Cape Caraval. I I did go to Florida for the weekend here. I'm totally sunburnt.

[00:11:22]>> I didn't see the explosion. Everybody's talking about the explosion. That explosion, >> tragedy, right? Tragedy for Blue Origin.

[00:11:32]>> Tragedy for Jeff Bezos. This is a huge boom for SpaceX cuz now Bezos and Blue Origin are not going to be able to fulfill NASA contracts.

[00:11:41]>> And it wasn't even that the rocket blowing up was bearish. The rockets are semi-replaceable at a semifast time.

[00:11:47]That that launchpad, Cape Grenaval has several launch pads. Think of it like airport hangers. Different airplane companies rent different hangers.

[00:11:55]Different rocket companies rent different launchpads. That launchpad spent it took Blue Origin years and billions to build. So the rocket easily replaceable. That launchpad totally destroying their I don't want to say credibility, but destroying their ability to service NASA's needs. Who will they then turn to?

[00:12:13]>> I mean, that clearly is going to be Elon.

[00:12:15]>> You think the military is going to take time off on a military satellite?

[00:12:19]>> No. Well, let's wait for Jeff to rebuild the base.

[00:12:22]>> Yeah, that thing looked like a freaking nuke going off, too. That was a huge explosion.

[00:12:27]>> So, yeah, I'm actually a little Now, now I'm like kind of on the fence on SpaceX IPO. All right, let's talk about Bitcoin here. Bitcoin fell to the lowest level since April 7th on Tuesday. Broke below 70K. What did we see? I did close half that trade, everybody, if you were wondering. I closed half. I'm still in half. I'll go ahead and move that stop loss towards profit there. Wow, look at that. while we were talking. I did it uh earlier. Woo. I did that a few man. Got out a pretty good time. I might just go ahead and close the rest there. Again, we went live at the pico bottom. It's 10:29. I open the long on this candle there. So, we did close a little bit there, but space uh we we had Bitcoin lowest level we've seen since April. The move was compounded by the growing unease over strategies Bitcoin thesis after the largest publicly traded holder of the cryptocurrency sold $2.5 million worth of the token. Coin Glass is showing a lot of liquidations there. We we did look at the liquidations. A whole bunch more longs got liquidated when you saw that candle slice through those yellow lines there. But I did say we're going to look at stretch perpetual. Look at that. I am not buying this. I am not buying this. But I do love that this wick took us exactly to our level. say, you know, maybe maybe, you know, a little swing trade's going to be right there. But at this point, I'm changing my thesis on Michael Sailor. It's it's just not looking good for Michael Sailor. I know you you showed a couple memes here yesterday's live stream, but you know, at the end of the day, he did say never sell your Bitcoin, and yesterday they sold Bitcoin, Drew.

[00:13:55]>> Yeah. Uh these posts hit a lot different now, you know, and really >> Tim Warren with the the rare good post here. Unless you have to pay dividends.

[00:14:05]>> Yeah. Is is that uh strike chart that we just looked at, is it showing a dividend payment kind of lined up with this selling? It's afterwards.

[00:14:13]>> No, that was the dividend dump, right?

[00:14:14]It started to pump.

[00:14:16]>> This is this might even be more problematic because it's not lining up exactly.

[00:14:20]>> Oh, this is very problematic. This is very bearish. And I feel like it was I feel totally vindicated. I said, "Sure, it's great that they're raising more money, but these debt obligations, these dividend obligations are getting out of hand. Where is the money going to come from?

[00:14:37]>> There wasn't cogent answers. And I feel like one, again, I do feel vindicated, but two, I was trying to tell you guys this and it was clearly I don't want it was just a litmus test or understanding.

[00:14:47]I don't want to be rude and be like this IQ test and people failed, >> but I think people either put their blinders on and they didn't want to see the bear side. They didn't want to steal man the other side.

[00:14:57]>> Well, it's it's a it's pretty scary bear side.

[00:15:01]What I mean what does he hold his 750,000 Bitcoin that's a huge percentage of Bitcoin for one company to have control of. So >> just a thought since the pattern day trader not required anymore will go in effect in two days. People may be going back to stocks. People may be Oh, it already happened. It already happened.

[00:15:17]Have you seen the S&P?

[00:15:19]>> Right. Go to the S&P real quick.

[00:15:21]>> Alltime high. Bitcoin's dumping.

[00:15:23]>> Yeah, >> the the rotation's happened.

[00:15:26]>> Yeah, >> the rotation is behind us.

[00:15:31]So now it's like do you do you want to turbo ape into you know sell your Bitcoin and turbo ape into the stock market?

[00:15:37]>> No, that's how you double down on your pain. You know what I mean? And really it's like I think we should look at Bitcoin dominance as well because there are some projects that are doing well like Hyperlid and Zcash is up. Um I'm kind of curious your opinion of the Bitcoin dominance graph because it is showing >> Yeah. lost some support here.

[00:15:56]>> Yeah, let's look at that. go the weekly here cuz we do like using the larger time frames for Bitcoin dominance.

[00:16:01]That's funny. I said it's going to go down. I don't even remember what told me it was going to go down probably. It did. It went down. Whatever this prediction was, this prediction actually played out. I think it was just a 61% reversal. Oh yeah. Like look right here.

[00:16:15]Look right here. The odds favored. And I'm not saying, you know, this is I'm predicting the future. I'm predicting probabilities. The probability said Bitcoin dominance is going to head down.

[00:16:25]Now, a lot of people probably would have liked to see a little support there. It just fell right through that.

[00:16:30]>> None to be found.

[00:16:31]>> So, that's good for altcoins in a weird way.

[00:16:33]>> Yeah, some of them. I mean, ETH is still stuck under 2K.

[00:16:36]>> Yeah, we're going to look we're going to look at all the altcoin. We're going to look at ETH charts. We're going to look at XRP charts, Cardano charts as well. I do want to just kind of touch on the Sailor stuff just to get I just want to show an exchange from months ago.

[00:16:48]Michael Sailor posted this in April.

[00:16:50]Okay, so we're we're looking at a few months ago. Our Bitcoin break even uh ARR is 2%. If Bitcoin grows faster than that over time, we cover our dividends indefinitely without issuing new Micro Strategy shares. Tracking a real time on our site. So if they're covering dividends indefinitely without issuing new shares, are they saying they're selling their Bitcoin?

[00:17:11]>> Uh >> so look look at this. Look at this. So this is again this is all from April Sailor's Laws with this logic. He now is 10 billion and preferred stock has the issue capacity to issue 25 billion.

[00:17:23]Remember this preferred stock pays a 10% dividend in perpetuity forever. Infinity is what they're marketing as. Infinity dividends. We sell little stock and then we just give you infinity dividends.

[00:17:36]That obviously is going to end poorly.

[00:17:38]Now that means the dividend 1 to four billion every year on a software business that makes no cash. He's preunded some of this by issuing stock, diluting his shares, but with the amount of preferred shares printed each week, it's going to run out. The only option is either issuing 1 to4 billion in common stock every year or turning off the dividend or selling Bitcoin. This is now a time bomb. This was a prediction months ago. This is one of the main strategy bulls you're going to see out there, Adam Livingston. I follow him. I think he used to follow me. And it's not a surprise he doesn't follow me anymore.

[00:18:12]Why? Because I've been in his replies talking junk, talking crap, >> smacking them down with facts and logic, >> flinging in some poo of knowledge.

[00:18:20]>> I'm No, it's more like nuggets. Not turd nuggets. Nuggets of wisdom. Now, wrong strategy will have 1 million Bitcoin by September. 2 million by the end of 2017.

[00:18:30]And dividends won't be a problem. They raised 25 billion in a down year to more than 25x their annual dividend obligation. And they raised 8 billion already. When you can raise your annual dividend obligation in a week, you already have a half century of balance sheet coverage. The dividends are going to be a problem. What's a problem with the half century of balance sheet coverage? Yeah, if you sell your Bitcoin, if you sell your Bitcoin, oh, never sell your Bitcoin. Oh, it's not a problem if you know they sell some Bitcoin. So, where's the dividend come from? The only cash flow is selling more stock. About to put the yearly cash need at four billion. Adam Livingston, they sell equity. That's how they raise more than a year's worth of capital in one week. Pretty sweet model. Selling equity, especially how it increases Bitcoin per share for the shareholders.

[00:19:15]Meme. The cash flow of the company is selling equity.

[00:19:21]Correct.

[00:19:22]>> Oh my god.

[00:19:23]>> He's like he doesn't he's not reading the tea leaves here. The tea leaves say you're an idiot.

[00:19:27]>> Yeah. We wanted institutions. We wanted Wall Street. Now we got it.

[00:19:31]>> Have you seen the latest drama regarding Micro Strategy sales? Poly market not paying people who bet that oh yeah Michael Sailor they're going to sell Bitcoin >> but they're not paying him for they bet on this >> this guy scammed out at a half million he's the top holder of yes Micro Strategy sells Bitcoin by May 31st here's what happened and so May 31st June 30th they had all these different dates he would sell by there's also two markets that resolve no due to no sales the exact wording the exact wording is if Micro Strategy sells any of its Bitcoin by midnight on the date specif ified otherwise it says no and they're going to say they're going to use micro strategy non-chain data. However, a consensus is also going to be used. And so he saw that they were putting Bitcoin into Coinbase Prime. He also noticed they had never done this before.

[00:20:21]>> So he's like, "Yeah, I'll I'll put yes with, you know, I got a couple K here."

[00:20:24]And then uh he would need to know if they sold. They always issue these on a Monday. It came out that yes, they did sell for the first time in over three years. The market went to 80 cents. And so he bet even heavier. He's like, "Well, it's just confirmed. You know, this objectively a true statement. They sold before May 31st." You can see the spike right there, but it didn't resolve. And reread the rules. Sale before 31st. Reread the AK. They sold Bitcoin. The market's open and trading.

[00:20:53]So, he jammed even more shares.

[00:20:56]And he's saying basically, you're selling me dollars for 8075.

[00:21:00]He even rechecked the rules. explicit sale. Later, they added clarification.

[00:21:05]No information or consensus uh confirm that they sold within the time frame.

[00:21:11]And so, they're going to try to say the time frame does not qualify.

[00:21:14]>> Yikes.

[00:21:15]>> And they change the rules after the bets.

[00:21:18]>> Would you be crashing out if you were that guy? I kind of feel like I'd be crashing out pretty.

[00:21:22]>> I mean, there's a reason I'm showing this, you know. I mean, this is a little deep dive and some I don't know this guy. I don't know Willow. This guy's less than a thousand followers. Followed by Rodney. Rodney's in the trenches.

[00:21:31]Just got to love Rodney here. Yeah, this is totally totally screwed.

[00:21:34]>> Brutal.

[00:21:35]>> Oh, ZoomX >> doesn't look good. This Hey, shout out to ZoomX.

[00:21:39]>> Yeah. Uh, we got to get that um Did that trading competition resolve because I know >> I have to look into that. I was on vacation the whole time.

[00:21:46]>> I'll look into it after the show and and see where it's at right now because I know that that was kicking off before.

[00:21:50]>> There's some other FUD. We do have a Mount Gaus movement here. Mount Gaus moved a little bit Bitcoin and I don't a little bit more in a little almost a billion dollars. We're at 739 million.

[00:22:00]This moved early this morning. So hours ago first onchain movement in over two months. Large mover has raised questions whether creditor distributions are imminent which could weigh on the markets as creditors. These people have waited over a decade to recover their Bitcoin. They may choose to sell once they recover their Bitcoin. They still hold $2.5 billion dollar worth of Bitcoin. And if you don't know what Mount Cox is, it's one of the it was the world's largest Bitcoin exchange. They had 70% of Bitcoin trades. Blows Binance out the water. Tokyo based platform collapsed in 2014 after 850,000 Bitcoin went missing. Roughly 200k were later found. And so that's what we're seeing there. Not great uh with this. And if you look Mount Gaus last time they move, Bitcoin dropped 13% within days.

[00:22:50]>> It's happening again there.

[00:22:51]>> Yeah. So when it first moved, did it, how long did it take? Like 2 days for the >> It's like immediate. Yeah, right there.

[00:22:57]And then it, you know, consolidated in a bare flag formation and then it fell, you know, days later, month later, even.

[00:23:02]>> Yeah, cuz I saw the news last night. I was like, "Oh, great. We're going to get another 5% flash wick. It didn't get the flash wick to the downside until this morning. So, wonder if it might be just a delayed response with everything else going on." Uh, not, you know, rumbling on the ground. Not a great feel for it.

[00:23:18]We got to find some support there.

[00:23:20]>> We got a bull. We got a bull in the chat here. Micro strategy bull. Selling a few Bitcoin and down years means nothing.

[00:23:27]Fast forward. If Bitcoin's 10 times higher in 5 years, it won't be. It won't be. Uh maybe it will.

[00:23:35]>> What? 600K.

[00:23:37]>> I just don't see it in 5 years.

[00:23:39]>> Um yeah. I mean, >> we went from 60 to 120. If how is it going to triple from 120?

[00:23:45]>> If you have >> quadruple >> if you play out the diminished gains and return process >> and let's say 40k is the actual bottom then your next top is 18060.

[00:23:56]>> That's why you got to be locked in so you can find those 10xs. That's why I'm locked in on hyperlquid because it's I think it will be a 10x from my average buy point. Uh it's only in a bare market that people are freaking out. This thesis is long-term. Yeah, the long-term thesis is there's long-term dividend obligations and the money has to come from somewhere. They don't make money, so their money that they make is diluting their shares and selling Bitcoin. I don't want either one of those.

[00:24:22]>> It's uh this is kind of we we get what we asked for. We we asked for institutional adoption in Wall Street.

[00:24:29]We get it. They have dividend obligations.

[00:24:32]>> Uh we will look at the Chainlink ETF.

[00:24:34]Yeah, the dividend obligations is is just nuts, Drew. Uh, hyper liquid crap.

[00:24:39]Okay. Well, don't talk about your Taco Bell second order effects. Okay. I gave it to you in the 20s.

[00:24:46]>> I tried Taco Bell for the first time in a while and they have >> pretty decent, right?

[00:24:49]>> It's pretty good. I had this box. They have uh almost like a burri taco now that's covered in cheese and it was like a huge box of food for like 10 bucks or something like that. Like Taco Bell is up in their game. I don't eat fast food except occasionally fried chicken. Well, maybe a little Chick-fil-A or KFC bucket, but I haven't had McDonald's in 15 years. Burger King 15 years. I I haven't had a lot Arby's 10. You know, there's a lot of places I just haven't tried in over a decade.

[00:25:16]>> Poison. I just never really liked fast food that much.

[00:25:20]>> I tried Taco Bell because a chimoth polyhapatia and I'm like, if this a feat w like wine sipping billionaire can get behind Taco Bell, it's worth a try. I tried it. I was like, "Oh, what the heck? This is actually okay."

[00:25:35]>> It was great. I Well, I was camping, so I needed some food on the fly, so I went to Taco Bell. I shout out. They're They're trying. At least it tasted good.

[00:25:43]I don't know if it's probably going to kill me, but >> Taco Bell will 10x. Yeah, their menu item. Taco Bell's menu will do a 10x.

[00:25:49]>> Oh, maybe it's like Demolition Man where like Taco Bell is the only place to get food in 10 years.

[00:25:54]>> Oh, I we I can't wait to get into the midnight or the Cardano charts in a little bit. Someone's asking about the chain link ETF. So, let's look at that first. Bitcoin's biggest ETF sell-off yet. You know what? Let's not even get into the article. Let's just get into the facts, everybody. So, I'm gonna hit uh refresh here just in case. Just in case. Let's look at Bitcoin. Let's look at Hyperlid. Let's look at XRP. Let's look at Chain Link ETF flows. Massive outflow for Bitcoin yesterday. $483 million. Let's look at ETH.

[00:26:25]Massive outflow. $44 million. Let's look at XRP. It's an inflow day, y'all. Oh my god, >> look at that. XRP, they haven't been selling. They've just buying more. They haven't sold since April. Let's look at Salana.

[00:26:42]>> Nothing, but they didn't sell. Okay.

[00:26:44]>> And let's look at Chain Link and Hyperlid. Chain Link. Did the streak break? Do we still have the Chain Link streak? The streak is alive, Drew. The streak is alive and well.

[00:26:53]>> Jeez Louise.

[00:26:54]>> There's never been a sell day for Chain Link ever. I I know it's kind of a new ETF, but I think there's a hyperlquid.

[00:27:01]>> Yeah. Yeah. That's the next one we're going to look at here. Hype.

[00:27:05]It's also I I checked. Not a sell day, but it's a small inflow day, >> but zero sell days as well.

[00:27:11]>> For a while, this was like doubling every day. That was like incredible to watch.

[00:27:14]>> Half a billion outflows on Bitcoin, though. That's a pretty substantial number, man. I mean, >> so huge.

[00:27:20]>> Pretty substantial number. So, >> speaking of substantial numbers, have you seen the lab pump?

[00:27:25]>> Yeah, I see it on the top G. I don't know anything about it, but um you know, it's kind of came out of this came off the top ropes in the last month, per se.

[00:27:34]So, >> yeah, this was trading at $4, $19. This is one month.

[00:27:40]>> A month ago, you could have got it for two. You could have got it for under a dollar.

[00:27:45]>> Should have known to just full poured into this scam, you know. Number 22, >> a 20x in 29 days.

[00:27:52]>> That's a good That's a good take.

[00:27:53]>> It's a pretty good one. It's a pretty good one. Should you yolo into it now?

[00:27:56]Let's give actionable advice. Me big fat no. Few uh this is Simon Dadic Dadik 50,000 followers here. Few insiders reach out to me regarding this tweet. Uh this is funny. The tweet in question.

[00:28:09]Every time I call out lab to be a scam, it just doesn't know the 2x. Welcome to crime season everybody. Welcome to crime season. So what has happened here? So the foundation has changed the vesting schedule to keep the pump going. The next unlock is now pushed back. They're making deals with centralized exchanges, handing over large amounts of the tokens. They can let the scam run on their exchanges. The back the inside baseball thing is they will give 1% of a supply, 0.5%, five, whatever. They'll give a percentage of a supply for that exchange to list it.

[00:28:41]>> Yeah.

[00:28:41]>> And then sometimes that exchange, you know, who knows what they do with those tokens. I don't know. I don't want to point fingers. The market maker is reportedly the same one involved with the move pump and dump. Investors are not allowed to derisk through OTC because the team is negotiating with OTC to sell their tokens.

[00:29:00]>> Nice.

[00:29:00]>> Oh, the correction will be swift and violent, everybody.

[00:29:04]>> Super organic.

[00:29:05]>> Well, say you did get in on a dollar and you want to cash out, folks, I would say get some good tokens. Check out Bitcoin IRA. We do have a link down below if you want to look at some just some tax advantage uh strategies that already exist. They have a whole team of experts that you could talk to on the phone. It won't be AI. You'll actually talk to a person.

[00:29:25]Drew, before we get into the altcoin charts, should I share the Trump company? Trump invested in a company.

[00:29:33]>> I Oh, it came to me what it was. So, I know what you're going to say, but how?

[00:29:36]>> What is it? You might not.

[00:29:37]>> Is it Dell?

[00:29:38]>> It's not.

[00:29:39]>> Damn it. All right. Well, I want to see this chart.

[00:29:41]>> Same time as Dell, though.

[00:29:42]>> Okay.

[00:29:43]>> Trump administration has taken a direct equity stake in another US company. They did it a while ago, though, so this isn't recent. The pattern of what happens next is too consistent to ignore. Lithium Americas.

[00:29:54]>> Oh [ __ ] >> Lac stock.

[00:29:57]>> Department of Energy took a 5% direct equity stake plus another 5% through a joint venture. They have the largest confirmed lithium deposit in North America. They have $2 billion in a government loan backing it. 600 million from GM because they're probably going to want the plug on the lithium there.

[00:30:15]1,800 workers on the site. first production late 2027. So, you know, maybe expect some cash flows in the next 12 18 months. Yes, it did have a pump after Trump uh bought a little equity here. It's Canadian miner there.

[00:30:27]September 24th, we're talking about 9 months ago.

[00:30:31]>> Yeah. Yeah. Yeah. I mean, >> let's look at the price action.

[00:30:33]>> Yeah. I want to go look at the chart because I remember we This is part of our basket, my basket of rare earth stuff. Um >> so September 24th, it jumped immediately.

[00:30:41]>> Mhm.

[00:30:41]>> 24th through the 25th. So basically they they announced it and no one really bought here. They're going to buy after the announcement, I'm guessing. Did you get in maybe the first day?

[00:30:50]>> No, I bought like I think it was like uh fe March or February, February or March.

[00:30:56]Uh >> okay. So you're up unless you bought like literally the two days.

[00:30:59]>> No, I I I it was like somewhere in that uh like before March right there. So it's kind of like that secondary smaller peak right there.

[00:31:07]>> Okay.

[00:31:07]>> Um not bad though. I have something to celebrate today. This is great. have something to celebrate.

[00:31:13]>> Now, there was another stock that I gave everybody. It was called service. Now, >> Mhm.

[00:31:17]>> remember that was the inside polit like the politician was buying it.

[00:31:20]>> Yeah.

[00:31:21]>> I I added this to my stock portfolio. I did buy. We did a little TA on it. Look at it now.

[00:31:29]>> I'm breaking.

[00:31:30]>> Even if you jumped in late, you're still up 25% and that's not even the peak.

[00:31:35]>> Thank god. Damn.

[00:31:36]>> Look at that peak right there. God, that's now that's uh Drew, do you recognize this candle right here?

[00:31:43]>> Oh god.

[00:31:44]>> Little TA little TA lesson for everybody here.

[00:31:46]>> Yeah. What is that?

[00:31:47]>> That is a dogee reversal candle.

[00:31:49]>> Dogee. Yes.

[00:31:50]>> So, what's in the name? Reversal.

[00:31:52]>> Yeah. Got to go.

[00:31:53]>> I wonder if I should just take uh maybe take half the profits off the table. I'm up. I'm I'm up like Okay. I'm out.

[00:31:58]>> Yeah. I mean, you got some gaps below you. Um what is this on the daily? Yeah, that gap below you. I'm just probably going to tap.

[00:32:05]>> Yeah, I might need to Yeah, close that.

[00:32:06]and >> and service now.

[00:32:09]>> A little gap right here, too.

[00:32:10]>> Little bit of upside for some stocks.

[00:32:12]>> I might trim half my position.

[00:32:13]>> Yeah, nothing wrong with that.

[00:32:15]>> I sold my Nike, by the way, everybody. I did. So, yeah, it was like 5% in the green. I'm just like looking at the time value of money and I'd rather just deploy it elsewhere.

[00:32:24]>> Yeah. Unbelievable.

[00:32:25]>> Maybe I'll buy that lithium. Maybe I'll buy some lac.

[00:32:28]>> I like rare earth mineral place.

[00:32:31]>> I think I'll sell Nike for lack.

[00:32:33]>> I like rare earth. I have like a whole basket of them. I Hey, appreciate the repost there. And everybody, if you're watching on YouTube, we would appreciate a like button. If you're watching on the phone, just hit the tap button. You should see the thumbs up signal. Hit that thumbs up and it really does help us out with the algorithm there. Uh really do appreciate it everybody. Almost every project is based on AI. That's that's the world that we're living in right now for sure.

[00:32:55]All right, let's look at Cardono first.

[00:32:57]Now Cardano teamed up with the Olympics, Drew, >> for what?

[00:33:02]>> Olympic Committee in Brazil.

[00:33:05]Brazilians.

[00:33:06]>> Is this bullish though?

[00:33:08]>> I mean, no.

[00:33:09]>> The Brazilian Olympic Committee.

[00:33:11]>> It's not nothing about this makes me think that Cardano is going to go up in price from this. So, it's like, >> well, Rio de Janeiro was years ago and so, you know, there isn't any timeline for a future Brazilian Olympic game.

[00:33:25]>> Is it gonna The tagline is it's going to bring Brazilians of dollars into the Cardano ecosystem.

[00:33:31]>> That was good. That was good. Everybody hit the like button for Drew's little quick there for the pun. They say puns are the lowest form of humor, but I disagree.

[00:33:38]>> I like them.

[00:33:39]>> Yeah. Yeah. Me too. Me too. Uh yeah. So they partnered with the Brazilian Olympic Committee and they want to transform Olympic sports with public blockchain internet things and AI. And so if I had to guess what this going to look like, it's verifying times on the blockchain or something to that effect.

[00:33:54]Drug testing. That'd be interesting.

[00:33:56]>> I I don't know how why or there's what's the reason to put that on the blockchain. There's really no reason.

[00:34:02]>> What if they put the tickets to the soccer game and NFTTS on Cardono and NFTs?

[00:34:07]>> Now we're talking.

[00:34:08]>> That would be a price mover right there.

[00:34:10]>> If they had the Olympics coming, but the problem is Rio de Janeiro games already behind. They might not get an Olympics game for 40 years, 30 years.

[00:34:17]>> Yeah. I don't know, man.

[00:34:18]>> You ready to look at the ADA chart or is it too scary?

[00:34:20]>> I we need to be look looking right down the the barrel of a Cardono chart.

[00:34:26]>> So, we talked about the level that bounced. It bounced 90% before. It bounced 200% before. It's this orange line. There's the 90% pump. There's the 220ish. Yeah. 240 230% pump there. We're below the level. We are below the level.

[00:34:41]And this is recent, folks. This is recent. So, what are we looking at here?

[00:34:45]So, I gave three trend lines. First trend line kind of worked for a period through just like Bitcoin sliced through today. I guess Bitcoin kind of sliced through yesterday. Cardano is also slicing through this trend line. So trend line number one now turned into resistance.

[00:35:04]It did act as support and you know they had a little decent long there. You know if you know if you're trying to scalp someone like 40x 30x right now that is not looking good. Let's go to the 1 hour. RSI is looking just beaten down.

[00:35:18]Go to the 30 minute.

[00:35:20]Uh it's also just not looking great here. No bullish divergences here.

[00:35:24]Nothing looking good on the 20 minute 10 minute maybe we're starting to see signs and yeah I mean when you're going to the three minute chart to find bullishness that's not a good sign you're in danger >> let's look at the daily money flow >> getting bigger getting juicier >> and the Bitcoin dominance is going down >> can you explain to the people what the lines moving down mean? Yeah, those are basically like uh moving averages. Uh I think that they're >> momentum oscillators, right?

[00:35:53]>> The momentum oscillators are the blue waves, right? And uh >> Okay, so that's this.

[00:35:59]>> No, the momentum is actually the big blue wave below at the very bottom.

[00:36:03]>> And then that gray spot is the VWOP >> and then the colored either green or red is the money flow. Those lines on the top, I I believe they're connected to RSI moving averages, but they're basically, you know, I don't use those nearly as much as I use the VWOP and the money flow because they oscillate and don't give any concise info to me really. Um, but when you see the ve like their velocity is very sharp, usually that means that things are going to continue to be problematic, right? If it if it's kind of flatlining, then you're kind of just in this flat price range and you know your your trades are going to be clipped when you hit resistance very easily and usually it falls falls right back to where it came from. But the moving averages with that sharp of a decline usually means that there's a lot of velocity to the downside. And the scary part about this is that like ETH isn't really losing much price ground.

[00:37:00]Bitcoin dominance is losing a lot of ground and Cardano is losing its ass right now.

[00:37:05]>> Yeah, I would say the next level of support probably going to be these two peaks and they're a little bit different but I think less than a penny you can measure.

[00:37:15]So this is 19.1.

[00:37:17]This is 18.3 basically if I get it exactly on there. 18.3. So we're talking about 8/10 of a penny range here. I would be keeping an eye out on this little pocket.

[00:37:30]>> Think Charles Hoskinson's gonna do a live today.

[00:37:35]>> Sure. And he's going to talk about alien artifacts or something >> or Brazil, right? What if they found aliens in Brazil and they're putting their pictures on the blockchain? You know, that's what we need to read.

[00:37:45]>> I would say we're not falling for your tricks anymore, Pentagon.

[00:37:50]>> Why are they talking to us? Like, nobody cares about the alien thing, by the way.

[00:37:53]Like, have you noticed how little people cared about the alien UFO disclosure?

[00:37:58]>> I'm glad.

[00:37:59]>> I am. I am glad too. I was >> all clearly hoaxes and scams and you know it's I I've just quickly I've given my theory. If you can convince a foreign despot a you know Chinese pres Russian pres you know a foreign leader if you can give them a 5% chance to think that maybe like there's a 5% chance US has alien technology you might be less likely to try to attack us. I think it's literally that. There's also the distraction play that operation >> blue beam >> operation blue beam.

[00:38:30]>> So I think that's the secondary effect.

[00:38:32]>> Yeah, I I mean I'm I'm more I'm thinking blue beam is the play here, but you know that's just me. There's the Trump crash out on Bby. I like to see last.

[00:38:42]>> What if What if you could just convince, you know, like make BB think there's a 5% chance we got some like anti-gravity technology?

[00:38:49]>> Well, we have the grays and he has the lizard people, right? That's the difference here. It's just a difference of type of alien that each nation holds.

[00:38:57]>> All right. I I did want to play this clip on Salana. You ready to look at a little Salana here?

[00:39:01]>> This is from uh what I shot six days ago. Six days ago. Revisiting the $78 range. $78 is going to be the bottom of the wicks right here, the bottom of the candle bodies.

[00:39:12]>> And we can go back to 2023. You can see this acted as resistance in December of 2023. And you can see that it acted as support in March of 2022 and also was resistance in August 21. So, $78 is a long bit line in the sand for Salana. If we continue, >> let's go to the Salana chart.

[00:39:25]>> I'm scared.

[00:39:27]What are we looking at here? 77.

[00:39:31]Look at that. Oh my god. We're falling.

[00:39:32]We're losing it. We're losing it. The daily is now dropping below it.

[00:39:36]>> Hell yeah.

[00:39:37]>> Oh man. We have to look at the next level. I I think the daily is going to recover and close above this line.

[00:39:44]>> Maybe I'm just too optimistic here, but that that is my guess. I think the probabilities support that as well.

[00:39:50]>> Yeah. I mean, looking at that chart, the the wicks that came down to 77 were eating up pretty quick, but that initial sell-off at the max fear moment, uh, we did go below 70. I think we went to like 65 bucks or something like that. So, I was looking at like I feel this. Let me ask you this, Ezy. Do you feel like Salana has it in it to hit a new all-time high in the next bull market like above I think it was like 300 >> I think market cap yes token I'm not so sure >> Salana is inflationary so the all-time high for the protocol won't be the all-time high for the token >> I don't think there's a big difference between buying Salana now and then waiting for it to go down into 60 like it's a change of like a three to a 400% % increase if you hit near those previous all-time high levels from where it's at right now. Um, and I also don't feel like betting against Salana. Like I I almost like I knew Salana was going to keep existing because of how many people loved using the NFTts when it remember when it hit eight bucks >> and there was still like the NFT uh crowd. It's kind of morphed into the meme crowd. But, you know, I I think that, you know, Salana falling down into like the 60 bucks range, I'm I'll feel like spot buying again. I'll feel like spot buying it.

[00:41:12]>> All right. Now, we have another I see you folks want to see some chain link here. Uh, reckon short or long right now for Bitcoin.

[00:41:21]>> I mean, I close half mine. I mean, it's probably looking >> It looks like a downtrend. This looks like a downtrend on Bitcoin to be honest with you. I'm not going to not going to sugarcoat it. It looks like a downtrend.

[00:41:32]>> All right, let's look at chain link here. So, I had a prediction here. I said I gave two scenarios. If Bitcoin or the stock market rolls over, meaning you know, strong correction here. Look for the bottom of the range. That's what I was saying. I think also on Thursday here, they were saying this right when we were kind of hovering near this midway point and look exactly where we fell to. Now, this one might actually bounce on the line, not crash below.

[00:41:56]Let's try to extend it. And we're just looking at the tops here, the tops there, and the bottom of the candles here. Let me move this uh bare flag candles to this wick. And look where we're at right here.

[00:42:10]>> It's trying to defend itself.

[00:42:11]>> It is. Chain link is probably looking the most bullish out of everything. Let me hit refresh here because I didn't do that earlier.

[00:42:19]Give me my chart. Oh, you just >> It just Yeah, it takes me to ADA.

[00:42:23]>> Look at this chart. Look at this.

[00:42:25]>> We know you look at this one a lot. Piss off, Trading View. Piss off.

[00:42:30]>> Oh jeez. It's like that movie where the guy's like holding the lady's eyes open, you know?

[00:42:36]>> Look at that. Yeah, this if I'm long in an alt right now for a spot and I'm not like go to bed with this long, I'm I'm long and link.

[00:42:46]It's trying to bounce right there.

[00:42:48]>> Um interesting to think about like I'm looking at this chart and it hasn't had any outflows, but also XRP really hasn't had much outflows. Oh, you ready to look at XRP?

[00:42:58]>> Yeah, I do want to look at XRP's chart because I felt like the angle a little bit sharper on on the latest selloff here.

[00:43:06]>> How about our trend line turned into resistance very quickly, very quickly here. Uh, this trend line we've been talking about for a while. This trend line goes all the way back to February 5th. You see me say, you know, look, we have to hold this right now. Kind of in a little bit of a wedge pattern here.

[00:43:22]And it just broke to the downside.

[00:43:23]Didn't even want to revisit this orange line. And now we're going to be looking at the support that goes back to 2017.

[00:43:29]And you'll see see some activity here.

[00:43:33]If you go to the daily and you definitely see the activity here in 2021 and this is the area that it was at in 2017 and then it wouldn't revisit this area for three. So that's the area I'm looking at when it comes to XRP. That would be the area I would think about longing XRP.

[00:43:49]>> Would you? So you don't No spot buys, just like trading it.

[00:43:53]>> Yeah. I'm not I'm not spot buying XRP.

[00:43:55]If we fall another 8%, I I'd like a long. I do like a long.

[00:43:58]>> Yeah, man. Do you crypto YouTube is going to be an apocalypse zone if XRP loses a dollar? Can you imagine the thumbnails?

[00:44:07]>> Only if they didn't listen to us and buy Hyperlid.

[00:44:10]>> True.

[00:44:11]>> Uh looking at our Hyperlid charts. Do we have an update here? So, the top of the range is $80. The daily RSI was not near the all-time high. That does give us a little bit of hope that we are potentially going to keep on pumping. We can keep pumping to the $80. I do have an update though. 4hour RSI. What's the update here? Let's go to the 4 hour.

[00:44:30]You'll see what I'm talking about. Every single peak we have a strong bear div.

[00:44:37]Look right here. Strong bear dip. The price went higher, but that RSI on the 4 hour went much lower. You see it right here as well. RSI is much lower. Even go to this peak right here. Look, the RSI just kept going much lower. We go back all the way back here. I mean, R again, RSI much lower. You can see the two different peaks here. The peak is going lower. The peak is going higher.

[00:44:59]You can look right there. Same thing.

[00:45:01]So, what do we see every time, Drew? We see 4hour bear divs when we're near oversold. And so, this is the other equation of the 4 hour. We hit oversold and then we'll have that strong bare dip.

[00:45:15]We hit oversold. We had a strong bear div. We had a decent correction. That isn't quite oversold. We didn't quite hit the teal line, but we got pretty close. What did we see? We saw a bear dip. I think that's it. Oh, there's one more. One more in the very beginning.

[00:45:28]>> I definitely >> we hit that RSI. We hit that all time.

[00:45:32]Then there is a bear div. But Drew, every single time we pump a little bit higher. Let's look at where we're at today. Let's kind of compare notes. We have that 4hour bear div.

[00:45:42]>> Oh [ __ ] So, this this actually kind of looks like a top.

[00:45:45]>> I'm thinking about taking 10% off the >> Okay. It I mean, >> I'll buy more if it hits, you know, I'll spend half the money if it hits here.

[00:45:52]I'll spend the other half if it hits here. I don't think it's going back into the 20s though.

[00:45:56]>> Yeah. And then keep like a moon bag just in case it keeps running like crazy.

[00:45:59]>> Honestly, maybe buy some Bitcoin.

[00:46:01]>> Buying Bitcoin. You haven't said you were going to buy Bitcoin in a long time. Where is the level that you feel like buying more Bitcoin?

[00:46:06]>> Below 70.

[00:46:07]>> Below. Oh, okay. were there kind of like I know TJ bought a little bit and I bought >> TJ did want to say he did buy a little Bitcoin.

[00:46:14]>> Yeah. Um >> I mean 67 why not now? I I I'd rather wait till 66 below but maybe just front run it and do 66. I do think we're probably going to revisit this area around 658 >> and maybe we don't. So you front run it by a few hundred bucks.

[00:46:29]>> Yeah, 67 is like the magic number these days too. So >> this thing is just being beaten. Yeah, 65 is like another big it's where the like real guts of that volume node is.

[00:46:43]The point of control is where we're at right now. Like if you're looking at Bitcoin on a daily, the point of control is exactly where we are. Um, ETH has only lost like a percent, maybe 2% while this Bitcoin dump has been happening.

[00:46:57]There is an update though, Drew. Verify.

[00:46:59]I gave this update a while ago. I want to say Yeah, I gave this update a while ago. So, this was happening when I was still in town. It was this bare flag right here. So, this is 1hour candles and the start of this was Thursday the Oh, wow. the 14th. So, the end of it was Friday of the week before. So, not even last week's Friday. So, this is this is a older bare flag.

[00:47:22]Look, this is saying more pain, Drew.

[00:47:26]>> Was it like 1,800?

[00:47:28]>> It said 188. Yeah, I I was saying like 15,600 would make sense for me. Like >> really you could say we got another bare flag right here.

[00:47:37]>> Yeah. I mean this thing is and we're still you know what I do feel happier feeling like the bare market's going to last longer because of better time frame to accumulate uh fiat and buy crypto in a downturn. So I do there is a silver lining with this playing out but >> 1826.

[00:47:57]>> Yeah. uh after this current bare flag.

[00:47:59]>> Yeah, small one.

[00:48:00]>> I was thinking like we chop for four or five months from here, right? Like if we could get four or five months of Chop Town and no real, you know, excitement coming to crypto, that would give me some really good time to buy cheaper.

[00:48:15]And I I don't think I'm going to be buying ETH unless it does go down into that 15 $1,600 range. But, you know, >> all right, Chad, real quickly, type in the level you're like, "All right, I'll buy a little ETH." Yeah, I I'm actually really curious about that. Like is there any interest in that chart? Because it's like the the gains are diminished for right now, but honestly, if if Ethereum can go back to 4500 and I'm able to buy it at 1,500, I'm getting some decent returns on that, right? So, $800 ETH, that's when they're going to start nibbling >> all in. All right. Do you remember when ETH went to 900? I remember you bought, right? because I haven't bought ETH since since COVID. So, >> yeah, that's one I just didn't sell enough of.

[00:48:59]>> Yeah.

[00:49:00]>> Yeah. Okay.

[00:49:00]>> Yeah. Uh let's look at silver real quick. I do want to share the silver chart. The TA has just been playing out beautifully. We gave you this level a while ago. You can see the little mini peak and then we had our nice parabolic runup. We're in a downtrend for sure. Uh we're, you know, doing lower lows, lower highs, a high, lower high, lower high, a low, a lower low. We haven't done the third lower low yet, meaning we haven't revisited this. Look at this trend line that we drew out.

[00:49:26]>> Look at that.

[00:49:27]>> Silver looking good.

[00:49:28]>> Clean clean bounce.

[00:49:29]>> Silver's looking. Can you check oil too?

[00:49:31]Like brand prices?

[00:49:33]>> I'm curious what those are showing right now.

[00:49:37]>> See what the >> Look at crude real quick.

[00:49:41]>> Talk about it hit our support.

[00:49:43]>> Yeah. So, we just got the support and resistance and it fell into support here. You know, scared people for a little bit. one, two, three days, and then look how clean that is.

[00:49:53]>> Yeah.

[00:49:54]>> Again, folks, I promise you, I have not moved this. Uh, >> it didn't pump too much after the bad news of yesterday either.

[00:50:01]>> 6 cents, >> right?

[00:50:03]>> Wick down 21 cents lower. 46. Yeah. Not even nine.

[00:50:07]>> It only It was within 9 cents for the bottom of the wick. It was within 9 cents.

[00:50:12]>> Bottom of the candle was 6 cents away.

[00:50:14]>> Yeah, that's kind of interesting. It only It kind of petered out right at about 95 bucks. Um, even with that war kicking back off in a pretty big way yesterday. So maybe it's running out of steam. Maybe there's some powers in the background holding it down. The man keeping it down. Let's see what copper looks like.

[00:50:32]>> I was looking for the XA XCU. XCUSD.

[00:50:39]>> Coppers. What's gold?

[00:50:42]>> Xu.

[00:50:42]>> I always type in gold and it comes up for me. Yeah, there you go.

[00:50:48]Got to do it a specific way. There you go.

[00:50:51]>> How are gold's pumping?

[00:50:52]>> Yeah. Yeah. Typically, Bitcoin pumps with this. How can I show you? I get to hit this button. I can hit this button.

[00:50:58]And then what you got to do is you got to hit right click into new right scale.

[00:51:05]Normally when so you know, Bitcoin is the blue line. So you see copper gold ratio bottoming out and then they start to pump.

[00:51:18]too much. There we go. There we go. And now you can see it a little bit better.

[00:51:22]>> Right.

[00:51:24]That's a pretty different uh pattern it's putting out this last month though, right?

[00:51:28]>> It's Yeah, it's it's because Bitcoin's so crazy like and it's right now we're looking at 2017. It's it's you really got to zoom in. I don't even I don't even want to say cherry pick. It's just Bitcoin's price action is so crazy. You zoom out, you kind of get lost in the noise, but you can still zoom out and like still see. Yeah. Okay. Okay.

[00:51:47]There's a there there. Definitely a there there.

[00:51:49]>> Yeah. Yeah. Is it It's almost like inverted teeth right now. It's uh >> I mean, you see copper gold pump, Bitcoin pumped, copper gold fell, Bitcoin eventually fell.

[00:52:00]>> Copper gold found a bottom. Bitcoin potentially found a bottom. Right now, copper and gold's breaking out. So, going to try to drag Bitcoin along with it.

[00:52:08]>> Think so.

[00:52:09]>> Interesting.

[00:52:10]>> What we see normally arrow. Okay, we'll look at one more here.

[00:52:16]Go to crypto.

[00:52:19]I'm scared. I guess I'll look. I was looking. Oh, there we go. It's arrow D.

[00:52:24]Arrow D. If you're looking for the official ticker, let me get rid of this dumb Bitcoin. Following Bitcoin. That's a correlation right there. Jeez Louise.

[00:52:34]Yeah, it's not looking great recently.

[00:52:37]>> Where is it? I Because I was looking at uh I think I remember like 30 cents. Are we near 30 cents on this? 37 cents.

[00:52:45]>> Yeah, 37.

[00:52:46]>> Okay. Yeah, I like the guts of that uh little accumulation channel. I I still like to retest that.

[00:52:54]>> I still do like a drone, but >> ain't no way. Ain't no really going to do that.

[00:52:59]>> No, no, >> no, it doesn't. Pretty close, though.

[00:53:02]>> Yeah. Yeah, >> you can definitely make an argument actually.

[00:53:05]>> It's been able to defend itself quite a bit in the uh 30 cent range. So, >> I'm I'm actually looking at that. Yeah, >> that's what I'm looking at here.

[00:53:14]>> Okay, >> really get this on on there.

[00:53:19]>> It's going to be one of those epic trend lines that ends up being our real money maker >> or it's going to crash through like Cardano.

[00:53:27]>> Sounds exciting either way.

[00:53:28]>> I don't mind buying. Yeah, we come revisit this 32 cents though. So, I mean, you're looking, you know, decent amount down.

[00:53:34]>> Yeah, >> about 10 14%.

[00:53:37]>> 15.

[00:53:38]>> All right. Sweet. Yeah, we >> I think G Soloway was saying was looking like it's at some pretty strong support.

[00:53:44]4hour bull div trim line must be flipped to support. Uh plot twist trend line was not flipped into support.

[00:53:53]That's not good.

[00:53:54]>> What? Oh wow. Yeah. Okay. Yeah. No, this is good. This is good folks. Is actually a decent accumulation target here.

[00:54:07]Yeah. I mean, um I think someone I think it was uh Ballis was talking about like 50 cent sweet is his target, but 80 cents 50 cents not horribly different because we ran up really really hard in that last market.

[00:54:21]>> You're not going to tell me. It ain't going to it can't >> do it. Do the line. Yes.

[00:54:29]Not too different. It's like 77 cents.

[00:54:32]>> Yeah.

[00:54:32]>> Where that line lands.

[00:54:34]>> Yeah. Look at how sharp that downtrend is, though. I I actually like putting in 25% of the trade here.

[00:54:40]>> Yeah.

[00:54:40]>> And maybe 50% of the trade or I I guess it would be 25.

[00:54:45]>> Dude, maybe down.

[00:54:47]>> Did you see this? Sweet down last week.

[00:54:50]>> I did.

[00:54:50]>> I like So it's totally >> Well, Salana pumped after it went down every time. So I don't even I don't even reflect that in the price.

[00:54:56]>> I think it's bullish, right? I mean it goes down and you know so >> it makes the bisdev team panic and then they hire the market makers with the budget that they've been basically withholding >> is the war chest they start digging >> open up the war chest. Yeah, absolutely.

[00:55:10]They got to make >> Steve down there.

[00:55:12]>> They got to make things look good, right? Um, yeah, sweet. Maybe I'll tow dip it around like 70 uh under 80s. I honestly like a lot of these alts are starting to entice me, man. And Bitcoin is just uh that dominance drop off looks pretty damn sharp. So, um I'm I am taking some of the better alts, you know, a lot more seriously.

[00:55:34]>> Such a rejection on that line there.

[00:55:37]>> Yeah. Well, it's a bare market. You know, this is this is what happens to alt in bare markets. They get brutalized. But, you know, with the brutal downturns comes that, you know, ball underwater got mogged by the bears.

[00:55:48]>> But what is that? 40% >> absolute bare mogging. It's bare maxing.

[00:55:52]>> Oh my god. Um, yeah, it's hard to tell if it's going to be able to really it matters on how long the bare market lasts. If these things are ready to uh just come, you know, flying back to the upside.

[00:56:05]>> All right, we did got that guy. He's been bullish on BlackBerry. Congrats.

[00:56:08]Good job, bud. Good job, dude.

[00:56:10]>> What was the story behind BlackBerry?

[00:56:12]Aren't they doing something new?

[00:56:14]>> Um, was it I think it was related to robotics.

[00:56:18]>> I couldn't even tell you.

[00:56:19]>> I think it's related to >> We're going to give robots, but check this. It's a keyboard on the chest.

[00:56:24]>> Okay. Yeah. Terminator, >> don't kill me.

[00:56:30]>> Sorry I didn't vote for Edgar. All right, everybody. Smash that like button. On the way out. I'm going to be putting out an emergency video. I I do want to do a little bit deeper dive on the macro time frame for Bitcoin because we're looking at bare flags on the 1 hour. What about that giant bare flag?

[00:56:45]What are the targets and where exactly will I put in my buy orders for Bitcoin?

[00:56:49]So, turn on those notifications. If you want to smash that like button on the way out, we do appreciate it. Check out our sponsors down below. And I did close that ZoomX long. I meant to say something earlier.

[00:56:59]>> Reasonable.

[00:57:00]>> It's probably pumping now that I closed there. But folks, that's the show for today. See you folks in the future.

[00:57:04]>> 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. 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. You've supported us a lot over the years. If you want to support the channel now, just use the code DC20. It gets you 20% off this card. It's the number one way you can support this channel going forward. Thank you for your support. We'll see you at the top.