Latest / CRYPTO 101 / Crypto Rundown: Bitcoin's Key Levels: Will It Rebound?! & Altcoin Technical Analysis Report

Transcript

Crypto Rundown: Bitcoin's Key Levels: Will It Rebound?! & Altcoin Technical Analysis Report · CRYPTO 101

0:07
[SPEAKER_01]: All right, everybody, sorry about the technical difficulties at the top, but we are live and welcome back to the crypto 101 podcast.
0:14
[SPEAKER_01]: It is an exciting day.
0:15
[SPEAKER_01]: You saw the thumbnail in the title.
0:17
[SPEAKER_01]: It's technical analysis because Bitcoin is at a key level today and the next move could decide the direction for the entire crypto market.
0:25
[SPEAKER_01]: We're breaking down the technical analysis for Bitcoin, the major support and resistance levels that Brendan is going to show us in the charts right after this intro.
0:32
[SPEAKER_01]: And what a setup means for the altcoin.
0:34
[SPEAKER_01]: coins at the area and we're going to talk about it all right now.
0:37
[SPEAKER_01]: You're in the right place.
0:39
[SPEAKER_01]: There's a lot going on in the market.
0:40
[SPEAKER_01]: It's obviously been volatile times.
0:42
[SPEAKER_01]: There's a lot of talk about the seas fire.
0:44
[SPEAKER_01]: There has been now for multiple weeks, but the markets seem to be moving higher this Friday afternoon.
0:49
[SPEAKER_01]: Brendan, welcome back to the show.
0:51
[SPEAKER_01]: Thank you for coming back and more importantly, thank you for bringing the charts with you.
0:55
[SPEAKER_00]: It's a good time to look at the charts.
0:57
[SPEAKER_00]: It's a pretty good day here for Bitcoin.
0:58
[SPEAKER_00]: And as we're having a nice little rally back to the upside, we'll talk about the catalyst.
1:03
[SPEAKER_00]: But Bitcoin pushing its way back to 74,000.
1:06
[SPEAKER_00]: So it's a pretty steep decline this week.
1:08
[SPEAKER_00]: Started the week off at a high of around just shy of 78,000.
1:13
[SPEAKER_00]: Since then, we've fallen down to about 72, rebounded here from 72 to 74 today.
1:19
[SPEAKER_00]: Um, good stuff all around you.
1:21
[SPEAKER_00]: I think we just kick things off like straight into the charts.
1:24
[SPEAKER_00]: Yes, I'm good.
1:25
[SPEAKER_00]: Pull them up.
1:26
[SPEAKER_00]: All right.
1:27
[SPEAKER_00]: Let's do it.
1:28
[SPEAKER_00]: Yeah, I mean Bitcoin here is what I think a lot of people are looking to pay attention to because You know, it's the leader of the crypto market, right?
1:36
[SPEAKER_00]: What Bitcoin does a lot of the rest of the crypto market tends to follow.
1:39
[SPEAKER_00]: And we are still in this pattern where it's like move down bare flag, move down bare flag, rinse and repeat.
1:46
[SPEAKER_00]: You know, that's not the new, right?
1:47
[SPEAKER_00]: Nothing has really changed from that point where you had the move down, bear flag, move down, bear flag, move down, bear flag.
1:53
[SPEAKER_00]: I think the big change here from recent weeks is that we came up towards the top of this.
1:57
[SPEAKER_00]: We were a little bit optimistic that maybe we could break through this.
2:02
[SPEAKER_00]: And now we're at this conflicting point of interest where there is a lot of indicator data and a lot of like exterior data that's saying, hey, there could definitely be a reversal at play, historically,
2:13
[SPEAKER_00]: When we've seen the kind of data that we've seen and we'll walk through this probably today, that shows that the bottom is typically in.
2:21
[SPEAKER_00]: The difference here is that the chart itself, the actual candle chart, is telling us a little bit of a different story.
2:27
[SPEAKER_00]: This is saying, hey, we're still in these bear flag, breakdown, rinse and repeat cycles.
2:32
[SPEAKER_00]: We came up to the top of this bear flag.
2:34
[SPEAKER_00]: We rejected it.
2:36
[SPEAKER_00]: We came up to the 200-week moving average, the yellow line, and we rejected that.
2:40
[SPEAKER_00]: We came up to the orange line, which is the anchored V-Wop from the all-time high.
2:44
[SPEAKER_00]: We rejected that.
2:45
[SPEAKER_00]: We even came up to our prior consolidation range of lows, and we rejected that.
2:50
[SPEAKER_00]: So it kind of begs the question, well, for unable to break into our prior highs, if we're unable to break into our prior consolidation ranges, if we're unable to break above the 200-day moving average, the anchored V-Wop from the all-time high, and the top of the bear flag,
3:04
[SPEAKER_00]: You know, is that really a reversal and I think the answer there is not yet.
3:08
[SPEAKER_00]: It doesn't mean the bottom can't be in, but at least there's not been a full reversal point yet because I would say that some of those are the bare minimum that we need for a macro reversal.
3:17
[SPEAKER_00]: So now what we have is this kind of sharp projection off the highs.
3:20
[SPEAKER_00]: We're coming back down here.
3:23
[SPEAKER_00]: beneath the 20-day moving average, beneath the 50-day moving average and now we're consolidating and then breaking down even a little bit further from there.
3:32
[SPEAKER_00]: So it puts us in between a rock and a hard place where I think we are at a pivotal moment, where it's basically saying, hey, if we are going to hold here, then great.
3:40
[SPEAKER_00]: We can probably see and move back up into the 80,000s.
3:43
[SPEAKER_00]: If we are not able to hold here and you see more downside and follow through, the odds are we're going back into the 60,000 somewhere.
3:51
[SPEAKER_00]: Now that doesn't mean new lows, it's still something I would leave as a possibility on the table.
3:57
[SPEAKER_00]: But I think if we get a breakdown from here, I think you'd be looking somewhere in the 60,000 as a pretty reasonable area to the downside.
4:05
[SPEAKER_00]: So a little bit of weakness coming out from Bitcoin.
4:09
[SPEAKER_00]: The other thing I've noticed here is that since the end of 2024, whenever you look at the one day relative strength index, you've seen every single rally that Bitcoin has had since the end of 2024 has been weaker than the prior rally.
4:22
[SPEAKER_00]: You know, so here we are, you know, November 2024, we pushed up to around an 86 on the relative strength index over here.
4:28
[SPEAKER_00]: May of 2025, we pushed up to around a 77 over here in June or July of 2025.
4:35
[SPEAKER_00]: It was a 75 and then it was a 72 and then it was a 70 and we're looking at it over here at around a 67 and each rally has been slightly weaker in terms of relative strength in comparison to the prior ones.
4:48
[SPEAKER_00]: So that's a trend that I think we need to see break in order for a full reversal to be in play.
4:53
[SPEAKER_00]: You need to see the rallies having more strength, not less strength.
4:56
[SPEAKER_00]: And I think that's a pivotal thing that we're still waiting on in terms of like, what looks to be a very clear reversal.
5:03
[SPEAKER_00]: So we just haven't quite seen that yet either.
5:05
[SPEAKER_00]: Now, the confliction kind of comes in here when you look at,
5:08
[SPEAKER_00]: a more zoomed out approach, because you could look at Bitcoin in terms of something like the 200-week moving average, for example, and let's just zoom out here, because you can go all the way back.
5:20
[SPEAKER_00]: In fact, I'm going to bring this up to another chart.
5:22
[SPEAKER_00]: All the way back to something like 2015.
5:26
[SPEAKER_00]: And you can see that at really every single bottom since 2015 has been signaled around this two-ingered wheat-moving average.
5:32
[SPEAKER_00]: We saw it twice in 2015.
5:34
[SPEAKER_00]: We saw it once in 2018 in 19, once in 2020.
5:38
[SPEAKER_00]: Here in 2022 we briefly broke beneath it, but that was the bottom point.
5:42
[SPEAKER_00]: And then here we are again kind of bouncing off this pivotal level.
5:46
[SPEAKER_00]: So historically, when we've gotten near there, it's signal, hey, the bottom is, you know, likely in or, if not very near, the other thing that people would look at is they'd say, hey, you know, on the relative strength index, the market bottoms out around the same point and we've hit that exact point as you can see, right over in here, the MACD on the weekly timeframe is even showing us very similar, um,
6:08
[SPEAKER_00]: There are sharing some very big similarities to what we saw on the bottom of the 2022 market cycle.
6:13
[SPEAKER_00]: You saw kind of a record sweep of the MACD, followed by a reversal point.
6:18
[SPEAKER_00]: And then when the record sweep turned reversal on the MACD and turned back to the upside, and you saw the histogram rate in here go from red to green, that was the bottom of the market, that was the market bottom signal.
6:30
[SPEAKER_00]: Now, you're seeing the same thing again, a huge sweep to all-time lows for the MACD, a curl back to the upside, and the histogram flipping red to green.
6:38
[SPEAKER_00]: So, you know, that was the bottoming point in 2022.
6:41
[SPEAKER_00]: There's a similarity here in the very least to what's happening in the current day.
6:45
[SPEAKER_00]: And then I think the final things that you can look at are things like the fear and greed index, which we like to talk about all the time.
6:53
[SPEAKER_00]: That thing breaking down to a five, which is basically all-time lows,
7:01
[SPEAKER_00]: Whenever we've reached prior points like that, 2018, 2020, 2022, the list goes on.
7:07
[SPEAKER_00]: It's Mark Tremendous buying opportunities, so there's a little bit of a disconnect, right?
7:10
[SPEAKER_00]: Where the indicators are saying, hey, based on historical data, this is where the market bottom has been.
7:15
[SPEAKER_00]: The chart though is saying the market bottom could be in, but the reversal, the reversal, excuse me, has yet to be confirmed.
7:23
[SPEAKER_00]: And so we're on this balance beam, where again, I think there's tremendous value coming out of the market.
7:28
[SPEAKER_00]: But we're very clearly in pop corn season.
7:30
[SPEAKER_00]: You know, cryptos coming down here and seeing a little bit of red, but there's a lot of cryptos that are seeing tremendous upside and green.
7:37
[SPEAKER_00]: You know, let's just look at a few of these before we move on.
7:40
[SPEAKER_00]: Because you have Bitcoin coming down, Ethereum coming down, Solana chopping and coming down, XRP coming down, B and B, not really doing anything.
7:48
[SPEAKER_00]: And then you move away from these and you start looking at some of these other picks.
7:51
[SPEAKER_00]: You know, near up what a couple hundred percent since February.
7:55
[SPEAKER_00]: Yeah, but over 200 percent here.
7:57
[SPEAKER_00]: You could go over and you could look at hyper liquid, hitting new all-time highs here today.
8:01
[SPEAKER_00]: Now, this guy's up about 230 percent since January.
8:06
[SPEAKER_00]: There's Morpha, which has been on fire.
8:08
[SPEAKER_00]: This is another one.
8:09
[SPEAKER_00]: You know, up what, 112, 115 percent.
8:12
[SPEAKER_00]: You've had sky, which up until recently has had a really strong year, seeing more than 100 percent to the upside.
8:19
[SPEAKER_00]: You'd canton, which started off the year strong, rallying about almost 300 percent.
8:24
[SPEAKER_00]: You have centrifuges of lately, which is rallyed about 300 plus percent.
8:28
[SPEAKER_00]: Venice, which has done over a thousand percent to the upside, almost 2,000 percent to the upside.
8:34
[SPEAKER_00]: and, you know, the list goes on.
8:36
[SPEAKER_00]: So there's, we're in this popcorn season where a lot of altcoins are doing well, but a lot aren't.
8:42
[SPEAKER_00]: In fact, I would say there's probably less ones that are doing like parabolic like this, and there's a lot that just aren't performing quite as well, you know, look at like SPX, look at UniSwap, look at maybe something like Athena, there's a lot of other cryptos out there that just aren't seeing the same level of attraction and
9:01
[SPEAKER_00]: But there's a lot that are.
9:02
[SPEAKER_00]: And so I think that's where the term popcorn season comes from here is that it's not the entire bag of of kernels exploding up to the upside at once.
9:10
[SPEAKER_00]: It's like, okay, well, there's one, two, three, you know, four that pop at a time and quick succession, but it's not everything going up in the current state of the market.
9:19
[SPEAKER_00]: So,
9:19
[SPEAKER_00]: It's definitely a picker as a market.
9:21
[SPEAKER_00]: It's not in everything market at the moment, but I think if you want to see everything truly boom, I think you need to see a little bit more love and attention come back to the large caps.
9:32
[SPEAKER_00]: And so until I think we see a turnaround in Bitcoin and Ethereum and maybe Solana and some of these other market leaders, I think you need to see that for everything to see this kind of explosive upside.
9:43
[SPEAKER_00]: And that's one of the big things that I'm watching for.
9:45
[SPEAKER_00]: You know, final note here to you, though, think we're at a pivotal point for Bitcoin, Ethereum and other large caps looking a little bit more weak, because these are kind of breaking down through critical support and prior support levels and trend lines, and Bitcoin's not quite there yet.
10:03
[SPEAKER_00]: So it's at least seeing a little bit more strength, but you know, if we break here, probably going to the 60s, if we can hold here, then I think that, hey, we could easily go back up into the 80s and that would maybe the area that makes sense for me, but like going on, I'm sure we'll talk about some of these other altos.
10:22
[SPEAKER_01]: right exactly a lot to talk about today and a great breakdown and I want to open up to the chat got uh you know not a lot of people but uh haven't heard from the chat today so how's everybody doing where are you watching in from let us know and if you have any questions for Brendan maybe we could uh do a Q&A at the end if there's any specific questions from people so let us know we are watching from give this video a like subscribe if you're new bottom right hit the logo
10:43
[SPEAKER_01]: And then it's a build on Brendan's point of like, hey, it's popcorn season tons of winners 100 200 300 plus percent winners Along with, you know, someone's that aren't getting as much love all the more reason to get the education you need be a part of the community with if you're watching you're in the right place Brendan's cohort is open, so we talk about it, you know, once every month
11:04
[SPEAKER_01]: are so there's the opportunity to get into the cohort with Brendan and take the technical analysis course along with the live trading sessions twice a week so if you enjoy these segments on the rundown the first link I put a link for everybody if they want more information on how they can join Brendan's course it is open this weekend so check out the link if you're interested and get more technical analysis so you can get the tools to be able to find those
11:33
[SPEAKER_01]: Um, let's see.
11:34
[SPEAKER_01]: Oh, we got C. I'll new Jersey.
11:36
[SPEAKER_01]: I love C. I'll love C. I'll we had a Kate May.
11:39
[SPEAKER_01]: I think the other week too.
11:40
[SPEAKER_01]: I'm a Jersey Shore guy myself grow going to Avalon right across the bridge there.
11:44
[SPEAKER_01]: So welcome.
11:45
[SPEAKER_01]: Welcome Mark from C. I'll love to see that happy summer to you.
11:50
[SPEAKER_01]: Let's, uh, I guess.
11:51
[SPEAKER_01]: If there's any questions, throw them in the chat, we can circle back to the charts later, but it's just an absolute hype takeover.
11:58
[SPEAKER_01]: The amount of activity, the amount of profit that this company is bringing in, and then we've talked about it on the show before, with how little the number of employees they have.
12:09
[SPEAKER_01]: It's quite staggering, 44% of all crypto fees this week coming from hyper-liquid.
12:19
[SPEAKER_01]: What a coin.
12:20
[SPEAKER_01]: Brian McNuck keeps putting that in the chat.
12:21
[SPEAKER_01]: What a coin.
12:23
[SPEAKER_01]: This thing.
12:24
[SPEAKER_01]: And I know was something again, we talked about a lot on the show, but it's something that's been inside the community, been a part of your trading sessions, been a part of, you know, the news letters for, you know, this year in total, if not last year as well.
12:37
[SPEAKER_01]: So, great work by the team, great research.
12:40
[SPEAKER_01]: But what what's your take on this hyper liquid madness, Brian?
12:44
[SPEAKER_00]: it is crushing it hyper liquid is living proof that if a project is good enough and does what the people want and you know it's designed the right way it will succeed it will attract people it will bring in users it will make money there's been a lot of excuses i think from from crypto projects in
13:06
[SPEAKER_00]: past years where they just like play the victim card and they're like, no, if you design something what that people want to use and it benefits them, it will attract, it will attract people.
13:19
[SPEAKER_00]: I'm going to throw some shade here.
13:21
[SPEAKER_00]: There's a lot of layer ones out there.
13:23
[SPEAKER_00]: There's a lot of crypto projects out there that act all fancy and they design these
13:29
[SPEAKER_00]: crazy things and it sounds super intelligent and flashy and this and that but people don't there's not like a market for it like I think for for either an institution or for a person the purpose and the value proposition isn't quite there hyper liquid is living proof that if you offer value then you will attract people they probably went the hardest route possible and have seen some of the most success they went onto their own chain they did this in a pretty
13:58
[SPEAKER_00]: concentrated space, a lot of people have tried to do what they do, um, just obviously not as well, and they succeeded.
14:05
[SPEAKER_00]: I mean, here's a chart.
14:06
[SPEAKER_00]: This is from a week ago.
14:07
[SPEAKER_00]: I'm sure it's gone up more since.
14:09
[SPEAKER_00]: Hyperliquid took 44.58%.
14:12
[SPEAKER_00]: So almost 45% of all of crypto's fees this week.
14:18
[SPEAKER_00]: I mean, that's more than Tron, more than Solana, more than Ethereum combined.
14:23
[SPEAKER_00]: It's crazy.
14:25
[SPEAKER_00]: So you'll look at this and they're dominating almost 50% of crypto's fees it's it's nuts
14:31
[SPEAKER_00]: And they're hitting new all-time highs as we speak.
14:33
[SPEAKER_00]: I think we should, they're trying a little bit ago.
14:36
[SPEAKER_00]: I don't know what else to say.
14:37
[SPEAKER_00]: I mean, it is like the coined right now and they are crushing it.
14:42
[SPEAKER_00]: I think they're also setting the standard where like traditional financial companies and crypto projects alike are having to kind of reinvent their wheels because hyper liquids gobbling up market share at such a rapid rate.
14:55
[SPEAKER_00]: And customers love it, right?
14:57
[SPEAKER_00]: That's the other thing.
15:01
[SPEAKER_00]: If they're able to do this in a quote-unquote bear market Tvo,
15:07
[SPEAKER_00]: who knows what this is going to be like in a bull market.
15:10
[SPEAKER_00]: They are a trading platform.
15:12
[SPEAKER_00]: They're a trading platform that has exploded in a bear market.
15:15
[SPEAKER_00]: That is borderline unheard of.
15:17
[SPEAKER_00]: It'd be one thing if we were in a euphoric bear market.
15:20
[SPEAKER_00]: Everyone's trading.
15:22
[SPEAKER_00]: They're using leverage.
15:23
[SPEAKER_00]: They're doing prediction markets.
15:24
[SPEAKER_00]: They're trading spot and purbs and options and everything else.
15:28
[SPEAKER_00]: They're like those always fall apart in a bear market.
15:31
[SPEAKER_00]: And they see a decline in activity.
15:33
[SPEAKER_00]: They have consistently grown in a bear market.
15:36
[SPEAKER_00]: So who knows what's going to happen in a bull market?
15:40
[SPEAKER_00]: I did just see some massive news.
15:42
[SPEAKER_00]: Maybe we can flash that up on the screen because it was about coinbase and, yeah, crypto options and perpetual futures.
15:51
[SPEAKER_00]: Maybe we skip there because I have a tie-in.
15:53
[SPEAKER_00]: I have a tie-in.
15:56
[SPEAKER_00]: So what this says,
16:01
[SPEAKER_01]: I saw it, yeah, I saw it come online, the tweet and read into it, but I haven't, I haven't talked about it with anybody yet.
16:08
[SPEAKER_00]: So this is a big deal, Brian Armstrong says has a big deal for USB traders and Coinbase.
16:13
[SPEAKER_00]: It's a big deal for everyone.
16:15
[SPEAKER_00]: Until now, US users have been locked out of 80% of the global crypto markets, things like perpetual futures and options, but not anymore.
16:25
[SPEAKER_00]: Basically, the CFTC is making this possible and allowing people to get full access to perpetual futures and options.
16:34
[SPEAKER_00]: It's a big deal.
16:34
[SPEAKER_00]: A face value you say, wow, that's a big win for Coinbase.
16:36
[SPEAKER_00]: The FTC is looking at crypto more.
16:39
[SPEAKER_00]: Attractively, if you think about it deeper, this is exactly what Hyperliquid does.
16:45
[SPEAKER_00]: So if Coinbase can get approved for full, basically unrestricted access, there's a chance that Hyperliquid becomes available in the US, which has not been the case so far.
16:57
[SPEAKER_00]: So does this feed the Hyperliquid train?
17:00
[SPEAKER_00]: Does this open them up to the behemoth that is the US market?
17:03
[SPEAKER_00]: And does this give them more rocket fuel?
17:06
[SPEAKER_00]: I think there's a chance.
17:08
[SPEAKER_01]: That's awesome that you tied that together, honestly, because if you just go back a week ago and you were listening to the podcast that Brian and I did, we were talking about how Wall Street loves hyperlick with the launch of the high BTF, Bitwise has one.
17:20
[SPEAKER_01]: There's a couple out there, and I was, I was discussing how I thought it was so interesting that Wall Street's launching these hyper-liquid ETFs for something that can't be used in the US.
17:32
[SPEAKER_01]: Nobody in the U.S. can can use this and all these people love the product and I was kind of I kind of did like a little tinfoil hat of like well you know how it is like everybody's going to want to get their chips on the table before they open up the floodgates so they're going to give you know people want investment they're going to make sure that all the big leagues on Wall Street can get their peace and then after everybody's position then they open up the floodgates and let it you know go crazy in the U.S. so
17:57
[SPEAKER_01]: That's kind of played out in only a week's time a little bit with what you said there.
18:02
[SPEAKER_01]: So it's an interesting kind of tie in there to last week's show as well.
18:07
[SPEAKER_01]: And then I heard I just had on the TV and the background with this perpetual futures coming to the U.S., and I'm going to share this next is Kalshi's doing it, which is interesting just being a prediction market.
18:17
[SPEAKER_01]: Like the amount of market share that these, you know,
18:22
[SPEAKER_01]: what is it coinbase the uh... they're trying to be prediction markets platforms prediction markets are trying to be exchanges it's like it's getting pretty wild out there and so it's just when you zoom out and you start looking at revenues and flows a number of employees it is interesting to see hyper liquid uh... you know compete against coinbase and maybe start offering the same things if they get the uh... the license be able to operate in the u.s. and then calcium you know offering the same thing is coinbase and coinbase offering the same things as
18:50
[SPEAKER_00]: it's it's interesting to cover kind of like as like if you want to call us journalists in the space but it's it's an absolute free for all and now hyper liquids overtaken douche as the number one largest crypto or not number one number nine largest crypto by market cap so hyper liquid making big strides i think it's around i think it was 16 billion i believe i'll factcheck myself on that but i believe it broke
19:20
[SPEAKER_00]: uh... excuse me it is going up since then it is now it's seventeen billion wow seventeen billion in market cap pretty big yeah that's i don't say it's wild that though do you know there's still keep it up that high right
19:38
[SPEAKER_01]: yeah man it's it's it's been a great story to cover and again it's just kind of credit to the research that you and the whole entire team does uh at our crimson team so you know again if you listen to the podcast you're in the right place but if you want those first alerts and first information through the newsletter and and being with Brendan live twice a week check out the links below uh it's the place to be and if you're new here please subscribe bottom right hit the uh hit the
20:07
[SPEAKER_01]: uh... with me and you did earlier in the week you know a lot of negative negative e-th news so i wanted to try to find some positive e-th news and it just kind of came across the timeline organically standard charter big e-th bulls they're saying like hey week price action does not reflect the improving fundamentals and it compares a theorem to amazon after the dot com crash obviously uh... a lot of comparisons to the dot com era in general right now with the a i trade but
20:33
[SPEAKER_01]: you know these a lot of these internet companies they rose up it was crazy it was never seen before and then it all crashed but from the rubble of the crash emerged are you know mag seven giants of amazon and you know madda google and Microsoft so you know the internet era survives and and kind of a standard charter trying to say like hey don't
20:57
[SPEAKER_01]: Don't don't ignore the fundamentals even though the price action has not been positive and then I saw this Did you see this the first stable coin from a U.S. national bank it launched on Ethereum So from from from so far, but they see it.
21:12
[SPEAKER_01]: I did.
21:12
[SPEAKER_00]: Yeah, it's interesting
21:14
[SPEAKER_00]: Shadows, shout out so far.
21:16
[SPEAKER_01]: Yeah, shout out so far.
21:17
[SPEAKER_01]: So they're, you know, again, it's all, it's all about where are the big, it's kind of kind of like compared to what we just said with hyper liquid of how, hey, you know, if the ETFs are going live, but it's not, you know, the biggest market of America, it's not even open to, you know, the US users yet.
21:34
[SPEAKER_01]: it's interesting why there's so much interest on Wall Street.
21:37
[SPEAKER_01]: I think of kind of the same thing here.
21:38
[SPEAKER_01]: It's like, hey, where is Wall Street building?
21:42
[SPEAKER_01]: And again, you know, there are people are building, you know, all over the space, but you know, Ethereum keeps coming up just not the price action.
21:48
[SPEAKER_01]: So it's an interesting take.
21:51
[SPEAKER_00]: That it is, man.
21:52
[SPEAKER_00]: That it is.
21:53
[SPEAKER_00]: There's a lot going on.
21:55
[SPEAKER_00]: And I think it's just a matter of time.
21:57
[SPEAKER_00]: You know, regardless of if we go a little bit lower, I think it's a matter of time until the fundamentals catch up to the technicals and you probably see a huge bounce.
22:06
[SPEAKER_00]: Lots of upside still.
22:08
[SPEAKER_01]: But truly, yeah, it's like all you really need for, you know, is one of those eight to 10% days for Bitcoin, same thing for Ethereum and then it's like, it's kind of what's happening now you said popcorn season for all coins, it's been popcorn season for these these AI names right like what was it this week.
22:24
[SPEAKER_01]: uh... del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del del
22:50
[SPEAKER_01]: And so again, that's the sexy trade and you know, we have some popcorns like we covered at the top of the show in crypto, but you know, like you nailed it perfectly once the big dogs your big coins your Ethereum's your slides once they get one of those, you know, eight to 10% days, you know, that you're going to want to take that bell to the ball.
23:09
[SPEAKER_01]: dance with her a little bit so i think i think we're you know one good momentum push upward away from really getting a lot of flows back into the space so it's uh it's definitely a time to be researching and staying up with the news like this uh basically the same as hyper liquid be you know i know there's uh you know b and b is not our by-nance us is you know traditionally has not been as good as the regular by-nance right but hey b and b e t f going live v of vanax
23:37
[SPEAKER_01]: Um, so again, just constant news, constant building in the space.
23:41
[SPEAKER_01]: Um, and again, we try to find the winners and we have done that consistently inside the community, but, uh, you know, the space is a whole.
23:50
[SPEAKER_01]: We're kind of waiting for that next high lifts all boats in the crypto space, Brendan.
23:55
[SPEAKER_01]: But the news continues to flow in.
23:57
[SPEAKER_01]: Are you excited for the B&B ETF?
23:59
[SPEAKER_00]: You know, I am.
24:00
[SPEAKER_00]: I think B&B gets a lot of hate.
24:02
[SPEAKER_00]: Uh,
24:03
[SPEAKER_00]: Is it I think at certain points that maybe has been a little bit justified, but like I'm I'm a fan like right I think Binance has made some some clearly frustrating mistakes shout out October 10th, but
24:19
[SPEAKER_00]: You know, as a whole, I think B&B has performed quite well over the long term.
24:23
[SPEAKER_00]: It still is one of the largest crypto's, you know, one of the most popular and active chains out there, not, you know, the most, but one of the top ones out there.
24:32
[SPEAKER_00]: And I think the more kind of crypto attention in demand that we can get the better.
24:36
[SPEAKER_00]: I'm a fan of this.
24:37
[SPEAKER_00]: I think a lot of those major cryptos should have ETFs.
24:40
[SPEAKER_00]: I might be a little bit biased here because TV, you know me.
24:44
[SPEAKER_00]: I like to trade a little options.
24:45
[SPEAKER_00]: I like to sell some options, buy some options.
24:49
[SPEAKER_00]: Could you imagine if we could have bought some hyper liquid options, come the start of this year, man?
24:55
[SPEAKER_00]: All right.
24:56
[SPEAKER_00]: And so I think the more options available, the more people who can buy this stuff, the more freedom There is for it.
25:02
[SPEAKER_00]: I'm full on board, regardless of whether it's my favorite token or not.
25:06
[SPEAKER_00]: And you know, I don't hate the NBA.
25:08
[SPEAKER_00]: Again, I think it gets too much hate.
25:09
[SPEAKER_00]: I'm so I'm happy for this.
25:12
[SPEAKER_01]: There we go.
25:12
[SPEAKER_01]: Yeah, again, it's it's all about the continuous adoption of the crypto markets and the pairing of all three.
25:18
[SPEAKER_01]: It's not it's not going anywhere clearly one thing I didn't actually have on the sheet, but I wanted your take we're pulling it up now is sailor buying bonds not buying big coins this week Michael sailor buying bonds and then again,
25:30
[SPEAKER_01]: nobody knows how to split people down the middle more than sailor for making people either happy or angry the the bulls are saying it's absolute genius he's behind bonds to get more money to buy bitcoin and then the you know the bears are like oh he's given up on bitcoin what what's your what's your thought on on on this side the continuous saga with michael sailor
25:50
[SPEAKER_00]: I'm going to have to keep my mouth shut on this one.
25:52
[SPEAKER_00]: Yeah.
25:53
[SPEAKER_00]: Hey, man.
25:54
[SPEAKER_01]: Let's take give a hot take.
25:57
[SPEAKER_01]: We talked.
25:57
[SPEAKER_01]: I don't know.
25:57
[SPEAKER_01]: I think I've been more with Brian when we talked about all the different, you know, offerings that strategy, your micro strategy is done with their perpetual, you know, all the dits are perpetuals in my head.
26:08
[SPEAKER_01]: different offerings they've done with the financial alchemy and giving dividends and all that stuff like I've said openly like hey I don't really understand the financial chemistry of everything that he's building so like I wouldn't be an investor in it I did buy some stretch just to see how it worked just for the show and it was interesting that you know get the dividend and all that stuff and watch it you know go and go to par and then a little bit under and then a little bit above
26:35
[SPEAKER_01]: But again, I wouldn't, it's not, it's definitely not for me as an investor, but, you know, like you said, there's hot takes to be given around.
26:44
[SPEAKER_01]: So what's yours?
26:46
[SPEAKER_00]: I can appreciate everything that Michael Sailer has done for the industry.
26:49
[SPEAKER_00]: I'm actually a huge fan of him.
26:51
[SPEAKER_00]: I don't like his recent stances.
26:54
[SPEAKER_00]: I think the idea of STRC is, it doesn't make any sense to me.
27:01
[SPEAKER_00]: thing has always been Bitcoin will appreciate, I'm not going to sell my Bitcoin, it's a long-term value play.
27:07
[SPEAKER_00]: He always talks about the benefits of holding long-term and not selling.
27:11
[SPEAKER_00]: And then he's creating this dividend product to appeal to the dividend investors.
27:15
[SPEAKER_00]: He's giving a way higher than average dividend on this thing so that he can attract people and act flashy.
27:22
[SPEAKER_00]: But at the end of the day, they can't support the dividends that they're giving it, like 11% or whatever it is.
27:30
[SPEAKER_00]: They can't even justify that because their business isn't making enough.
27:33
[SPEAKER_00]: So what do they have to do?
27:34
[SPEAKER_00]: They have to go and sell Bitcoin when his whole spiel isn't.
27:37
[SPEAKER_00]: So I don't like the idea that, and they're doing it well, Bitcoin's at what 40, 50% away from its all-time highs.
27:43
[SPEAKER_00]: So Bitcoin is heavily retraced.
27:46
[SPEAKER_00]: at a deep area of opportunity and they're selling it off to support a product where it's the yield so high they can't produce that I guess or they won't produce that with their balance sheet I don't know if they can't or just choose not to and then they're having to sell the very asset that they're supposed to be the megable of just to support this thing and keep it alive like that doesn't sound healthy and sustainable to me and I don't like the idea of having to sell Bitcoin
28:09
[SPEAKER_00]: in order to, you know, sustain that thing.
28:11
[SPEAKER_00]: So that's frustrating number one.
28:13
[SPEAKER_00]: And then number two, you get into this.
28:14
[SPEAKER_00]: And all of a sudden, he's, again, bick wins down 40, 50 percent from its all-time highs, depending on the day, depending on the week.
28:21
[SPEAKER_00]: And are they buying more Bitcoin?
28:23
[SPEAKER_00]: No, they're selling Bitcoin.
28:24
[SPEAKER_00]: That's what they've talked about recently.
28:25
[SPEAKER_00]: And then all of a sudden, they're buying bonds.
28:26
[SPEAKER_00]: Like, I don't get it.
28:28
[SPEAKER_00]: I get a little bit frustrated by it because
28:31
[SPEAKER_00]: It just feels like there's a little bit of an excuse me, in authenticity or a lack of authenticity.
28:41
[SPEAKER_00]: I don't know.
28:42
[SPEAKER_00]: I don't know how you justify it.
28:43
[SPEAKER_00]: I know that there's permambles out there.
28:45
[SPEAKER_00]: I, again, a huge fan of Michael Saylor, I want to be critical so that we can have, like,
28:50
[SPEAKER_00]: better step forward.
28:52
[SPEAKER_00]: But this is like when we were looking back, it, like, just people just making not smart decisions.
28:57
[SPEAKER_00]: Like, if the Super Bowl or something, I think we talked about some crypto people going to the Super Bowl and like flashing stuff and like the heat of the bear market and like prices were tanking.
29:05
[SPEAKER_00]: And
29:06
[SPEAKER_00]: It just was like not a good look and not a good time in place.
29:09
[SPEAKER_00]: I think the same thing is here.
29:10
[SPEAKER_00]: If the market was at all-time highs and he was like, we're going to take a little bit of Bitcoin off the table and we're going to support other products.
29:17
[SPEAKER_00]: I'm going to be like, hey, that makes sense.
29:19
[SPEAKER_00]: They're taking profits while it's up on an asset that he's, you know, he's bullish in.
29:22
[SPEAKER_00]: And they're going to start more products to get more people into this.
29:25
[SPEAKER_00]: But I don't know, I just think the way that it does, I'll rant about this.
29:29
[SPEAKER_01]: But no, it's a great, it's a great, and that's what this, that's what I love about our team is that we have so many great people that, again, believe in the space holistically, but it's good to get different approaches and different thoughts and you're not wrong at all.
29:43
[SPEAKER_01]: I actually agree with you, but I think it's more of as he's wanted to grow.
29:49
[SPEAKER_01]: his Bitcoin vision of what micro strategy and its offerings are.
29:55
[SPEAKER_01]: I think personally there's a marketing problem with exactly what you said.
29:59
[SPEAKER_01]: There's a marketing problem of hey you're said you're going all the conferences saying never never sell your Bitcoin with your tweets and then now you're saying like well we'll sell the Bitcoin for this.
30:07
[SPEAKER_01]: I think that even if these spin-offs of stretch etc they need different operating
30:18
[SPEAKER_01]: And we should have a different COO that goes and talks about that, because they might take a different approach to the finances than microstrategy in their Bitcoin.
30:27
[SPEAKER_01]: So I think it's a communication problem in my mind of like, hey, we're trying something different over here, but it doesn't align with the, you know, the thesis that we began with microstrategy over there and then, you know, so I agree with you.
30:41
[SPEAKER_01]: But it also, it gets a little convoluted, I guess, when it's all mashed together, it is a little confusing.
30:49
[SPEAKER_00]: I get why.
30:50
[SPEAKER_00]: I get why people like the dividends.
30:51
[SPEAKER_00]: It's 11% it's marketable.
30:54
[SPEAKER_00]: You're saying you can't get this anywhere else.
30:55
[SPEAKER_00]: Everyone wants to earn passive, you know, yield on their money.
30:59
[SPEAKER_00]: I just think that when you look at how dividends are produced from everywhere else, that is long-term sustainable.
31:05
[SPEAKER_00]: It's produced from the money that they make.
31:07
[SPEAKER_00]: They say, hey, that's what a dividend is.
31:10
[SPEAKER_00]: Where is this?
31:11
[SPEAKER_00]: It's just not.
31:12
[SPEAKER_00]: It's just price a dividend based off of how many assets, how much assets they own in their balance sheet and I don't I don't like that.
31:19
[SPEAKER_00]: I think that a dividend if you're going to pay one or a yield should be based off of how much is being made.
31:25
[SPEAKER_00]: And I don't know.
31:27
[SPEAKER_00]: So maybe I just disagree, and that's fine.
31:29
[SPEAKER_00]: But that's my hot take with it.
31:31
[SPEAKER_00]: Because the last thing I want to see is microstrategy has to excuse me, strategy now, have to keep doing this, and have to keep telling Bitcoin in the market stays bearish for longer, and it becomes somewhat unsustainable for them.
31:43
[SPEAKER_00]: And then there's a bigger problem in a blow up or something.
31:46
[SPEAKER_00]: Like that's the last thing I want to see here.
31:48
[SPEAKER_00]: So my big focus is on sustainability.
31:50
[SPEAKER_01]: I agree.
31:52
[SPEAKER_01]: I agree.
31:53
[SPEAKER_01]: I think we all want that.
31:53
[SPEAKER_01]: And it's again, as journalist in the space, it's something we'll continue to cover.
31:57
[SPEAKER_01]: But spinning into some positive news is the crypto card payment volume, which is interesting because of Jupiter.
32:05
[SPEAKER_01]: I know I just had you speak with somebody from Jupiter recently and we've had them on the podcast as well.
32:10
[SPEAKER_01]: So some more Jupiter content.
32:12
[SPEAKER_01]: But again, the adoption of crypto in the real world is surging.
32:17
[SPEAKER_00]: is it's huge yeah and look at crypto card payment volumes up 230% since May of last year that is a wild stat as a huge growth rate reaching a record 7.8 billion dollars.
32:32
[SPEAKER_00]: Insane.
32:33
[SPEAKER_00]: In fact, we each shout out to you, Teevo.
32:35
[SPEAKER_00]: You just got Jupiter on the podcast.
32:38
[SPEAKER_00]: I got to give Kudos to Super Producer Teevo here.
32:41
[SPEAKER_00]: We've had them on twice this year.
32:43
[SPEAKER_00]: Once in January, one this week, I believe, at the start of the week.
32:47
[SPEAKER_01]: Yeah, I got you that.
32:48
[SPEAKER_01]: We're going to release that on the podcast.
32:50
[SPEAKER_01]: And then also, we're going to do a little snippet for the Summit series coming this summer.
32:53
[SPEAKER_01]: Yeah.
32:54
[SPEAKER_01]: So, we're going to excited for another Summit series from
33:02
[SPEAKER_01]: So again, it's it's just trying to find people that are positive and building in the space.
33:05
[SPEAKER_01]: That's my criteria.
33:06
[SPEAKER_01]: Like, hey, I got to do the research and try to get our listeners the the best guess that you and Bryce can interview to see, you know, who's building?
33:14
[SPEAKER_01]: Who's actually doing things and obviously it looks like a Jupiter really getting people on chain.
33:21
[SPEAKER_01]: This is a fun one, not necessary.
33:23
[SPEAKER_01]: Well, I would go crypto related in a way because they'll trade crypto, not totally.
33:26
[SPEAKER_01]: I just need to get your take.
33:28
[SPEAKER_01]: Robinhood launching AI agent, the ability to connect your AI agent to Robinhood agent and a Robinhood agent to account.
33:37
[SPEAKER_01]: So you can start to build an agent that can trade for you, execute trades on your behalf.
33:43
[SPEAKER_01]: It's starting to roll out now, let your agent trade.
33:46
[SPEAKER_01]: Brendan, is this something?
33:48
[SPEAKER_01]: You're gonna look into, do you think this is good?
33:50
[SPEAKER_01]: You think this is bad?
33:51
[SPEAKER_01]: Just give me, give me your, you know, birds, I level view of building these AI agents to trade for you.
33:57
[SPEAKER_00]: Listen, I like the idea of it.
34:00
[SPEAKER_00]: I think a lot of people are going to probably get themselves in trouble by having agents, you know, it's gonna be people who don't really know what they're doing.
34:10
[SPEAKER_00]: And there you guys gonna be,
34:14
[SPEAKER_00]: They're going to like, half ass a set up and be like, oh, they, I'll learn and all do well.
34:19
[SPEAKER_00]: And I think some people are just going to be silly with their money and kind of throw it at this thing.
34:22
[SPEAKER_00]: And you know, probably lose some.
34:24
[SPEAKER_00]: But I love the idea of it.
34:26
[SPEAKER_00]: I'm all forced off like this.
34:27
[SPEAKER_00]: Again, for me, it's like maximum freedom.
34:30
[SPEAKER_00]: Like let people do what they want to do.
34:32
[SPEAKER_00]: And I think for a lot of people, this is awesome.
34:34
[SPEAKER_00]: I think it's super cool.
34:36
[SPEAKER_00]: And if you really do know what you're doing, you could probably set up something pretty killer.
34:39
[SPEAKER_00]: Now I haven't tested this yet.
34:43
[SPEAKER_00]: Robin Hood is like at the forefront of like setting it the sounds like it's a touriel.
34:48
[SPEAKER_01]: So we had just some research.
34:49
[SPEAKER_01]: So if we can connect in a count, obviously I don't want to set you up with anything too crazy that we haven't done yet, but I think the people would love to see this because it's cool to test this out.
34:59
[SPEAKER_00]: I would be game.
35:00
[SPEAKER_00]: It sounds fun to me, man.
35:01
[SPEAKER_00]: I'm pretty excited about this.
35:03
[SPEAKER_01]: Yeah, but I agree with your point.
35:04
[SPEAKER_01]: It feels like again, the more opportunities, the more freedom, especially for, you know, democratizing finance for all, which is Robin and slogan, this makes a lot of sense, but there's no doubt that sadly some individuals are probably going to blow themselves up by using this.
35:19
[SPEAKER_01]: So this is, again, nothing we ever say is financial advice.
35:22
[SPEAKER_01]: Spiny means, but please be careful out there and understand what you're doing if you're connecting in a gigantic AI agent and giving it the ability to trade funds.
35:31
[SPEAKER_01]: Please, you got to know what you're doing.
35:33
[SPEAKER_01]: Because there's going to be stories that come out of this of sadly some retail people that are going to blow up and I bet I would play some money that some hedge fund is going to try and implement this into their fund and it's going to it's going to blow them up to like you know and miss typing a misprompter and miss you know you miss a rule or something you don't explain it properly and you like there's going to be some interesting news that come out of this type of ability
36:00
[SPEAKER_01]: from both retail and major professional funds.
36:03
[SPEAKER_01]: I believe, but in the long-term, it probably is for the best and a cool tool.
36:08
[SPEAKER_01]: I don't think they announced.
36:09
[SPEAKER_01]: Somebody, they didn't announce what company it was, but just an example of not understanding how to properly get yourself from AI mistakes.
36:18
[SPEAKER_01]: There was a major company I believe it was like a mega-seven company that spent 500 million dollars.
36:24
[SPEAKER_01]: It was Amazon.
36:25
[SPEAKER_00]: I was going to learn it to be Amazon.
36:27
[SPEAKER_01]: It was alluded to be Amazon.
36:28
[SPEAKER_01]: That's what I heard, but not confirmed, but a major mag seven company blew through like $500 million in AI tokens on a quarter.
36:36
[SPEAKER_01]: And like the CFO was like, what the hell was this for?
36:41
[SPEAKER_01]: And everybody was like, I was just using AI.
36:43
[SPEAKER_01]: So it's, you know, it's again, the AI is a tool for sure, but you got to understand what you're doing.
36:49
[SPEAKER_01]: So there's going to be more stories like that.
36:51
[SPEAKER_00]: I think that was one of the craziest stories I've heard it.
36:56
[SPEAKER_00]: how you get to that number apparently there was like a leaderboard that they created of like who the big spenders were and I'm sure they'll go back and be like what the heck were you guys doing I mean I have a billion dollars in AI tokens mate I will say not to rob it trail as too much
37:15
[SPEAKER_00]: I heard that they are, I think, big investors and anthropic, I believe, and that's where I think the tokens were spent.
37:24
[SPEAKER_00]: And so the idea was that maybe this was an accident, I'm quote, you know, quotation marking here.
37:30
[SPEAKER_00]: because they're a big investor.
37:32
[SPEAKER_00]: So all of a sudden, anthropic seeing all this money, and all this activity in this surge, and then it comes out a little bit later down the road after this happened that they're now valued significantly higher.
37:42
[SPEAKER_00]: And if Amazon's a big investor in them, that means that their stakes value to a bunch more.
37:47
[SPEAKER_00]: So you know, what if they spent 500 billion, but now all of a sudden they're stake in an anthropic, or whoever it was, is now billions more, right?
37:54
[SPEAKER_00]: Maybe it was big brain.
37:55
[SPEAKER_01]: Why, that's what everybody's yelling at and video for is the flywheel investing into the AI infrastructure.
38:01
[SPEAKER_01]: It's very, very interesting to follow that.
38:04
[SPEAKER_01]: But as we wrap up the show two more things, Brent, we had some questions from the chat, so let's do that.
38:10
[SPEAKER_01]: And then we have one final note we'll hit before we close out for some information to all you people that have kids and grandkids.
38:16
[SPEAKER_01]: You're going to stick around for that.
38:18
[SPEAKER_01]: The chat got a little active there as the show went on.
38:20
[SPEAKER_01]: We had CI, we mentioned that earlier.
38:23
[SPEAKER_01]: let's see who else we have Gustavo here beautiful pro-biz is here uh... let's see i think i saw somebody from polind yes mike mike all the way from polind branded unbelievable and then we've got david from fleming's fleming's bird can tucky welcome
38:39
[SPEAKER_01]: Well, and Jim from Orlando another Florida man with this Jim from Orlando.
38:43
[SPEAKER_01]: Thank you guys for tuning in give this video a like it really helps us grow the channel If you're new bottom right subscribe But all the way from Poland if you're coming from Poland We're gonna let you ask a question and then again quickly last chance if you have a question for Brendan the charts throw it in the chat Let's pull up towel.
39:00
[SPEAKER_01]: This is from Mike from Poland interested in towel
39:05
[SPEAKER_01]: Tell had its moment in the sun in the beginning of the year for timeline wise remember Jens and Wong was talking about it The all in podcast was talking about it, so Towell definitely it was a you know AI hype trade I guess VVVV Venice took the took the The momentum from that, but what do you see in from Towell?
39:24
[SPEAKER_00]: Well, they had a little bit of drama, too, and I think that's what kind of stopped the momentum.
39:31
[SPEAKER_00]: They had some drama, I believe some drama and some people wanted to leave their ecosystem or something, and that just caused, I think, a little bit of a spook for people.
39:40
[SPEAKER_00]: You've kind of just seen it going sideways since March, it ran up all this.
39:45
[SPEAKER_00]: I think had the drama around here, came back, or maybe the drama was here, I forget.
39:49
[SPEAKER_00]: but basically kind of came back down and you've kind of just seen it making lower highs for a little bit.
39:54
[SPEAKER_00]: It is putting pushing some pressure kind of back into the downside a little bit.
39:59
[SPEAKER_00]: But it is right around the 200-day moving average.
40:01
[SPEAKER_00]: You've seen it kind of come around this area before, bounce off of it, come down in here, bounce off of it, now it's coming back down into this area once again.
40:09
[SPEAKER_00]: So I would say historically, you find a lot of support around the mid 200s.
40:13
[SPEAKER_00]: If it starts cracking beneath this level right in here, I think that's where you have to be careful.
40:18
[SPEAKER_00]: I think if it rolls over from here, then you're in for some more downside, probably back to 200 bucks, maybe even a little bit lower, if that's the case.
40:26
[SPEAKER_00]: But a little bit of a curl, definitely not out of the woods yet, but I'd keep it a close eye on this mid 200 dollar level.
40:33
[SPEAKER_00]: If you can hold here, you can probably head back up to almost 300 bucks, where you're gonna have some resistance.
40:38
[SPEAKER_00]: Um, but this is going to be a pretty big level.
40:41
[SPEAKER_00]: What else do we have?
40:43
[SPEAKER_01]: One from run for me.
40:45
[SPEAKER_01]: Anybody else have one last call one for me.
40:47
[SPEAKER_01]: Pen go.
40:48
[SPEAKER_01]: I haven't seen some TA on pen go in a while.
40:50
[SPEAKER_01]: I had a had a nice trade off the bottom there.
40:52
[SPEAKER_01]: I actually sold a little bit near that one sent mark.
40:57
[SPEAKER_01]: Thinking I might get to buy it back lower.
40:59
[SPEAKER_01]: Looks like I got a little opportunity here.
41:01
[SPEAKER_01]: Uh, what are you seeing?
41:03
[SPEAKER_00]: Yeah, um, man, Pengu's had a, a little bit of a rough fall here off the highs.
41:08
[SPEAKER_01]: It's a volatile coin.
41:10
[SPEAKER_01]: Such a fun project.
41:12
[SPEAKER_00]: It is.
41:13
[SPEAKER_00]: It is.
41:13
[SPEAKER_00]: Um, you know, nice rally here kind of off the February lows.
41:18
[SPEAKER_00]: 125%.
41:19
[SPEAKER_00]: Really failed to hold above this 200 day moving average.
41:22
[SPEAKER_00]: You kind of saw it rejecting here at what was a, you know, lower high for sure.
41:28
[SPEAKER_00]: So kind of lower high rejection, really struggling the hold above the 200.
41:33
[SPEAKER_00]: And now it's, you know, fall in beneath the 20, the 200 and the 50 day moving averages and, you know, that short-term death cross is coming back as it bleeds into the lows.
41:43
[SPEAKER_00]: I think if there's anywhere for it to find support as it comes back into this prior consolidation range, this should act as a support zone.
41:50
[SPEAKER_00]: But,
41:52
[SPEAKER_00]: it does look like it's in a bit of a bearish trend here.
41:54
[SPEAKER_00]: I think if you want to see this got aggressive again, you really need to see it get back above the 200-day moving average, you need to start seeing it can test these prior highs a little bit higher, but right now it does look a little bit more like it's downtrending and a little bit more bearish than some of these other projects.
42:10
[SPEAKER_01]: so and that's how it goes very similar honestly funny enough even though it is a meme coin we talk about a lot how they're actually you know doing a lot of stuff and building a big community there so it's very very kind of similar to the crypto market right like hey a lot of fundamentals a lot of bullishness but you know the token is not not there right now so kind of an interesting take there last one is Ando and then we'll wrap up with our final a quick hitter
42:36
[SPEAKER_00]: Yeah, I know here, really nice run.
42:38
[SPEAKER_00]: You saw it consolidating for quite some time, just sideways, leading into the breakout moment.
42:45
[SPEAKER_00]: Now it's had the breakout, got above the 200, kind of bounced off of it, came back up to resistance, rejected again, back at the 200.
42:53
[SPEAKER_00]: You should see this act is support in here.
42:55
[SPEAKER_00]: So it's got a little pocket of support here, just from like 33 to 36 cents.
43:00
[SPEAKER_00]: You would want to see it hold here if it starts cracking too much below this, then the odds are you're probably coming back towards 28 cents as a likely area maybe 29 cents if it is able to hold here again retest of that same high that it's been hitting around 45 to 46 cents you've tapped this level a couple of different times failed to break you've seen a lot of support around the 35 36 cent area
43:25
[SPEAKER_00]: I'm sure that's what it looks like.
43:26
[SPEAKER_00]: A break probably to 28 cents, a hold, probably back up to 45, 46 cents.
43:31
[SPEAKER_00]: If you break that, I think next up is 60 cents for Ando.
43:35
[SPEAKER_00]: Looking a little bit stronger.
43:37
[SPEAKER_00]: Again, very contingent upon it holding here.
43:41
[SPEAKER_00]: But no kind of like gigantic red flags from this.
43:46
[SPEAKER_00]: Um, I like the fact that it held yesterday and hopefully we'll hold today that could be a good sign, but, you know, right at support.
43:52
[SPEAKER_00]: So I'd say this one's a little bit stronger than maybe like Pengu and I think it's worth keeping an eye if we get some confirmation.
43:59
[SPEAKER_01]: Yeah, and they had a lot of news of tokenization, a lot of partnerships to sort of the project that continuously keeps building.
44:07
[SPEAKER_01]: Final news.
44:08
[SPEAKER_01]: Well, thank you, Brendan.
44:09
[SPEAKER_01]: And as always, again, if you want that access to Brendan's trading course, the cohort is open.
44:14
[SPEAKER_01]: It's only open this weekend.
44:15
[SPEAKER_01]: So check the link in the description.
44:17
[SPEAKER_01]: It's the first one there I put for you.
44:19
[SPEAKER_01]: The new cohort starts next week.
44:20
[SPEAKER_01]: So if you want those technical analysis live with Brendan twice a week, you get to ask them questions of all the projects you want to do.
44:30
[SPEAKER_01]: Now's the time.
44:31
[SPEAKER_01]: Link is in the description.
44:32
[SPEAKER_01]: Check it out.
44:33
[SPEAKER_01]: The last one.
44:34
[SPEAKER_01]: This is for the listeners.
44:36
[SPEAKER_01]: Anybody out there that has young children or if you're a grandparent or just have friends.
44:41
[SPEAKER_01]: I was doing this with all my friends and my nephews and nieces making sure that everybody went and opened up a Trump account.
44:49
[SPEAKER_01]: Uh, and again, it's called a Trump account.
44:51
[SPEAKER_01]: It is, uh, it's just what it's called no political bias here, but it is a great project led by down here.
44:57
[SPEAKER_01]: You can see Brad Gersner.
44:58
[SPEAKER_01]: He was leading this.
44:59
[SPEAKER_01]: Um, and actually the Dell family, funny enough, Michael Dell was a big seed fund, uh, put put put a lot of money into seeding this along with US government.
45:07
[SPEAKER_01]: But you can open up a Dell.
45:08
[SPEAKER_01]: I'm sorry.
45:08
[SPEAKER_01]: You can open up a Trump account for your child.
45:11
[SPEAKER_01]: I believe this is what I found,
45:18
[SPEAKER_01]: Any kid tenant under gets a $200 to $250 or something like that to seed in the account totally free and actually launched in partnership with Robinhood and as you can see there he said it's the number four overall in the app store.
45:36
[SPEAKER_01]: Unbelievable.
45:36
[SPEAKER_01]: Number one in finance.
45:37
[SPEAKER_01]: I think a lot of people are talking to my friends with kids and when they are filing their taxes as a family, a lot of people There's an ability to sign up then.
45:45
[SPEAKER_01]: So tons of people are signing up, but if you're somebody that has young children and you have not heard about this yet Or you know somebody with young children that hasn't talked about this or knows about this.
45:54
[SPEAKER_01]: It's good to inform them because again, it's free money for for the children and the kids are future
46:01
[SPEAKER_01]: And kind of Brad Gersner made tons of rounds of media and it's just like, hey, we got to get the next generation invested in America because that's in his words, he's seeing a divergence between, you know, people in their 20s and maybe 30s that didn't get financial education didn't get invested and don't have the upside and aren't riding along on the upside of these crazy markets that we've seen.
46:28
[SPEAKER_01]: really the last what 20 years since the dot com bubble burst has been insane so
46:34
[SPEAKER_01]: Yeah, anything to add there, Brendan, I know, you know, me and you no kids, so nothing.
46:39
[SPEAKER_01]: We're not signed up for a Trump accounts, but it is a cool thing.
46:42
[SPEAKER_01]: And I think it's a cool thing because it just gets, you know, obviously money into people's hands for the kids, but it helps.
46:48
[SPEAKER_01]: I think it's financial education for everybody.
46:51
[SPEAKER_00]: You know, obviously if you have a kid, you should do it.
46:53
[SPEAKER_00]: You know, regardless of, there's no political bias in this.
46:56
[SPEAKER_00]: I mean, if you can give your kid a thousand dollars to be invested when they're born, it can be a college fund, it can be, you know, whatever it may be a school fund.
47:05
[SPEAKER_00]: I think it's helpful, so I think it makes sense.
47:07
[SPEAKER_00]: I am curious of what the controls on that look like.
47:10
[SPEAKER_00]: But I have a lot of friends who are having kids these days.
47:12
[SPEAKER_00]: You know, young kids, you know, under just having them.
47:14
[SPEAKER_01]: Some, you know, interesting to track these, you know, five, 10, 20 years and see what, what comes of it.
47:21
[SPEAKER_01]: But again, a little piece of the American dream via the Trump accounts, uh, let your friends know.
47:27
[SPEAKER_01]: But that's going to be all for us, Brendan.
47:29
[SPEAKER_01]: Thank you so much.
47:30
[SPEAKER_01]: I know you have such a busy week.
47:32
[SPEAKER_01]: This week, and then starting the cohort next week, and all the stuff going on in crypto nation, a lot of good stuff.
47:37
[SPEAKER_01]: We are.
47:38
[SPEAKER_01]: always as we say.
47:39
[SPEAKER_01]: One of the teams building in the space continuously.
47:42
[SPEAKER_01]: I really appreciate you joining us and I appreciate everybody listening to the live.
47:45
[SPEAKER_01]: One last call.
47:46
[SPEAKER_01]: Check the links below.
47:47
[SPEAKER_01]: Give this video a like and if it was your first time, please subscribe.
47:51
[SPEAKER_01]: Thank you all for joining in.
47:53
[SPEAKER_01]: Next week we'll have some shows but not sure about the schedule.
47:56
[SPEAKER_01]: I'll let you everybody know in the community post when I figured that out.
47:59
[SPEAKER_01]: But we'll have some great podcasts.
48:01
[SPEAKER_01]: Thank you all for tuning in.
48:02
[SPEAKER_01]: I hope you all enjoy your weekend.
48:05
[SPEAKER_01]: But that's all for now.
48:06
[SPEAKER_01]: Bye everybody.