Latest / CRYPTO 101 / Crypto Rundown: Technical Analysis For Altcoin Season & Fed Rate Cut Recap

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Crypto Rundown: Technical Analysis For Altcoin Season & Fed Rate Cut Recap · CRYPTO 101

0:01
[SPEAKER_00]: Alright everyone, welcome back to the Crypto Rundown, where we talk about everything that's going on in the great world of cryptocurrency and blockchain technology.
0:11
[SPEAKER_00]: From the fundamentals and the news to the technicals on the charts, we spend a time doing hours of research so that you all don't have to and then we compact it all and we bring it to you in under and hours time and of course,
0:24
[SPEAKER_00]: It's all completely for free.
0:26
[SPEAKER_00]: So we hope all of you are stoked to be here.
0:27
[SPEAKER_00]: We hope all of you are ready.
0:29
[SPEAKER_00]: There's a lot to talk about.
0:30
[SPEAKER_00]: And there's a lot that's happened since we lost got to meet on Tuesday.
0:34
[SPEAKER_00]: And certainly a lot to unpack.
0:36
[SPEAKER_00]: And so we want to make sure that all of you are in the loop.
0:38
[SPEAKER_00]: You know what's happening with all the, again, just all the different news articles and stuff that we've seen.
0:43
[SPEAKER_00]: We've had some big, triad-fi changes when it comes to the federal reserve.
0:47
[SPEAKER_00]: And we're going to just run through all that, so to give you all a bit of a glimpse of what we're going to be looking at here today, we are preparing to enter into what is typically the best or one of the best months for crypto, and that's going to be October.
1:01
[SPEAKER_00]: We got some really interesting statistics that kind of show what the end of November looks like, what the beginning and most of October looks like, and I think we really are preparing for something massive.
1:12
[SPEAKER_00]: Now, we have some funny clips we were bringing Gary Gensler back,
1:15
[SPEAKER_00]: Someone who we haven't talked about in almost a year over here, but it's funny because he got brought back on the CNBC.
1:21
[SPEAKER_00]: Gary, what do you think about going on?
1:23
[SPEAKER_00]: He had some choice opinions.
1:25
[SPEAKER_00]: They ended up just destroying him on the panel.
1:26
[SPEAKER_00]: I mean, it's no holds barred.
1:28
[SPEAKER_00]: They just kind of destroy him on the panel.
1:30
[SPEAKER_00]: I'm surprised he stuck around through it.
1:32
[SPEAKER_00]: But then of course we have all sorts of fundamental news, adoption, Coinbase's rolling out new features, Tombly's teaming up with Michael
1:42
[SPEAKER_00]: over in Washington, D.C.
1:43
[SPEAKER_00]: in the name of crypto and all sorts of new information coming out around these new funds and ETFs in altcoin season as a whole.
1:53
[SPEAKER_00]: So we're ready to unpack it all.
1:56
[SPEAKER_00]: But of course, I can't do this alone.
1:58
[SPEAKER_00]: I got to do it with my good old buddy and co-host here, Mr. Teva.
2:02
[SPEAKER_04]: what is going on Brendan happy Friday super fired up to be here uh it's been a fun week and you're being a little too modest my friend today is the uh super technical analysis episode we're gonna let you run a little along with your expertise we're gonna pull the charts we're gonna dive in
2:18
[SPEAKER_04]: So just to everybody who's listening in, we've got Ed from Central Florida, fits us here, a couple more people are filing in, if you're here, let us know where you're from, especially if you're new.
2:29
[SPEAKER_04]: Give us a like and subscribe, but we're going to be doing some technical analysis with Brendan.
2:33
[SPEAKER_04]: So we'll definitely have a Q&A session, maybe at the end of this session, and then if we have time at the end, we can do even more questions.
2:39
[SPEAKER_04]: So we want to be really an interact, I'm going to engage with everybody today.
2:42
[SPEAKER_04]: But tons of topics and we get to pick up kind of right where we left off Brian and I did a impromptu fed live stream on Wednesday and it was super fun.
2:52
[SPEAKER_04]: We didn't really promote it too much.
2:54
[SPEAKER_04]: We just wanted to test it out, but we had a lot of the regulars in there.
2:58
[SPEAKER_04]: It was really interactive, really fun, and the Fed did kind of exactly what we thought, which I think is good.
3:04
[SPEAKER_04]: And I want to get your opinion, but just to kind of recap for those who don't know, the Fed caught 25 basis points.
3:10
[SPEAKER_04]: It was pretty much consensus.
3:11
[SPEAKER_04]: The best part about it, I think, in my mind was the board of governors, the Fed governors.
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[SPEAKER_04]: It was pretty big majority.
3:18
[SPEAKER_04]: There weren't many dissents.
3:20
[SPEAKER_04]: Everybody was basically on board.
3:22
[SPEAKER_04]: So that gave the market a lot of confidence moving forward, but what we did say and we nailed this brand and we nailed this live We did say live was it'll be interesting to watch the bond market because again everybody's like, oh, we're gonna cut rates We're gonna cut rates and then the mortgages are gonna fly down and that's not necessarily the case the bond market Especially the long end of the curve doesn't always go lockstep with the fed cutting rates and we're kind of seeing that today
3:49
[SPEAKER_04]: So the long end of the curve since they've cut is actually creeping up mortgage rates are now 6.26% on the 30 year whereas they were just 6.10 to begin the week.
4:00
[SPEAKER_04]: So a little bit of some bond vigilante action, which is something to definitely keep an eye on.
4:06
[SPEAKER_04]: But
4:06
[SPEAKER_04]: My final point here, Brendan, we were wrapping up the show, and we were signing off just as the closing bell was happening for PM on Wednesday.
4:15
[SPEAKER_04]: The markets were based, everything was flat.
4:17
[SPEAKER_04]: The Dow was up just to smidge, the S&P and the Nasdaq were actually in the red.
4:21
[SPEAKER_04]: But surprisingly enough, the small caps was up half percent.
4:24
[SPEAKER_04]: I dubbed it.
4:25
[SPEAKER_04]: I dubbed it.
4:26
[SPEAKER_04]: And me and you have talked about this before, I kind of look at
4:29
[SPEAKER_04]: IWM in the small caps is like the Tradify counterpart to almost like a theory and a little bit for me for my not so I was kind of looking at that and I told Brian I was like If this holds at a half percent on the green I think this is a green light the market's kind of giving you a little signal like an offside signal that I think the market likes this and tomorrow is going to be big and Friday is going to You know continue to momentum and that's exactly what happened
4:52
[SPEAKER_04]: So, Tradvice seems to like it, again, it's a clearing event, now that's in the past, and we kind of got a focus for the next round of data in the next round of Fed meetings, but what was your big takeaway from it?
5:05
[SPEAKER_00]: Yeah, I mean, my big takeaway was we got a ton of clarity about the future, and that's what I was looking for is, how do they feel right now and what is their thoughts moving into the future, because as we all know,
5:21
[SPEAKER_00]: affects the crypto market and whether they're cutting or hiking.
5:24
[SPEAKER_00]: Traditionally, or rather historically speaking, cutting is good for the prices of crypto and hiking, the rates going up is a bad thing.
5:35
[SPEAKER_00]: And so we got on the meeting and he said a couple of interesting things.
5:38
[SPEAKER_00]: Number one, 50 basis point cuts are pretty much out the window.
5:41
[SPEAKER_00]: He basically said they have PTSD from 50 basis point cuts and hikes.
5:45
[SPEAKER_00]: During 2020 to like 2022, when they had like the fastest cuts and then the fastest hikes in history, they basically ruled that off the table and said, so long as I'm here, that's not gonna happen.
5:55
[SPEAKER_00]: The other thing that we got, though, is it does look like it's very likely that we get at least maybe one to two more cuts this year.
6:02
[SPEAKER_00]: We have a meeting at the end of October, we have a meeting in the middle of December, and it looks as if right now, the odds are over 60% for both of those, and it's really high for October.
6:11
[SPEAKER_00]: I think it's like 65 to almost 70%.
6:14
[SPEAKER_00]: And so it looks like we're going to be getting more cuts, which again is a good thing for the crypto markets.
6:19
[SPEAKER_00]: So ruling out this idea of like a really big 50 or 75 basis point cut, but it does kind of confirm that they're very much open to the idea of multiple 25 basis point cuts.
6:31
[SPEAKER_00]: So I think this is the crypto market.
6:32
[SPEAKER_00]: We got to be excited about that.
6:34
[SPEAKER_00]: We got to be looking forward to that.
6:36
[SPEAKER_00]: and crypto's holding together quite well.
6:38
[SPEAKER_00]: I know that what we've seen here lately is like on the triadfight side.
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[SPEAKER_00]: Basically, all the indices hitting new all-time highs.
6:45
[SPEAKER_00]: You have gold also hitting new all-time highs.
6:48
[SPEAKER_00]: I think that Bitcoin and crypto is the next logical thing to have a move to the upside.
6:54
[SPEAKER_00]: And that's really where I'm focused on next.
6:55
[SPEAKER_00]: To say, hey, we're seeing this on the triadfight.
6:57
[SPEAKER_00]: We're seeing it in the metals.
6:58
[SPEAKER_00]: We're seeing it in all these different assets.
7:01
[SPEAKER_00]: And I think crypto is just the next logical asset to kind of get this bump.
7:04
[SPEAKER_00]: We have the rate cuts which are good for crypto, we have risk on assets moving up, we have the metals market moving up, you have the M2 money supply moving up, and it just feels like crypto should be the next kind of logical step of which assets should start getting attention next.
7:20
[SPEAKER_04]: Yeah, couldn't agree more, and that's why we're here, and that's why we're going to transition us.
7:24
[SPEAKER_04]: Some might call it the number one strategy for going into continuing the bull market into the end of the year.
7:30
[SPEAKER_04]: It's technical analysis.
7:32
[SPEAKER_04]: You are our guru, Brendan, bring up the charts.
7:34
[SPEAKER_04]: Let's dive in.
7:37
[SPEAKER_00]: Yeah, let's take a look at this because we're getting a really interesting playout from Bitcoin over here where we've kind of had this major trend line right if we zoom out all the way to what we've seen I mean this is a significant high point and Bitcoin goes through these cycles as you can see where kind of rallies off the lows moves up chop sideways for a bit.
7:58
[SPEAKER_00]: And it rallies up, chop sideways for a bit, rallies to new highs, chop sideways for a bit, rallies to new highs.
8:06
[SPEAKER_00]: And we're just kind of at the breakout point.
8:08
[SPEAKER_00]: And anybody who follows me closely, you know, I have one of my favorite patterns, which is the break hook and go.
8:16
[SPEAKER_00]: And that's really what I believe we're seeing here right now.
8:19
[SPEAKER_00]: So if we're looking at this prior high, we had this very clear level of resistance where we came up here and we rejected and we rejected and we rejected.
8:27
[SPEAKER_00]: But eventually we kind of broke out through this.
8:29
[SPEAKER_00]: And that's what we saw right here is the break through this resistance level.
8:33
[SPEAKER_00]: And as we came back down inside of this, this is where we really started to see Bitcoin find a lot of support around this area.
8:41
[SPEAKER_00]: So we kind of,
8:42
[SPEAKER_00]: cleared this $110,000 level as a prior resistance zone.
8:46
[SPEAKER_00]: Now we're retracing back down into it as a support zone.
8:50
[SPEAKER_00]: And we're already seeing that it's very clearly finding a lot of people who are eager to buy here.
8:55
[SPEAKER_00]: So this would represent what the break, the hook, and what ideally is like the next step, which is the go,
9:03
[SPEAKER_00]: Which is what we should see moving forward from here.
9:05
[SPEAKER_00]: So now I'm going to start zooming us in right we're really zoomed out here Looking at the big picture of how we're still very much in an uptrend in the market looks good But now if we zoom in you know, we had a very clear like short-term Micro-down trend of lower lows and lower highs.
9:21
[SPEAKER_00]: Well, that's been invalidated the market has resumed the higher highs and higher lows over in here
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[SPEAKER_00]: And that's a good sign to see.
9:27
[SPEAKER_00]: We're also see Bitcoin bounce off this area, which is the AVWOP off of the lows might I add.
9:33
[SPEAKER_00]: Again, another very significant level.
9:36
[SPEAKER_00]: the AVWop stands for the Anchored Volume-Waded Average Price.
9:41
[SPEAKER_00]: And technical analysis, we like to plot these in significant levels of like any kind of significant lower significant high.
9:50
[SPEAKER_00]: And that's what we did over here in April is say, hey, if we look at the bottom of the trade war lows and we plot an Anchored VWop from down there,
9:58
[SPEAKER_00]: Well, we get this little orange line and we can see that as the market rallied and then pulled back, this is where we, this is where we bottomed.
10:06
[SPEAKER_00]: Then we rallied higher and then we pulled back to this and we bottomed again over here.
10:11
[SPEAKER_00]: Again, I think that a lot of this is just pointing us in the same direction, which is that the market wants to push higher to new highs.
10:18
[SPEAKER_00]: And I think when we look at the larger,
10:21
[SPEAKER_00]: kind of just structure that's going on, this looks like it is the consolidation area before the next move, where the bulls are just collecting strength.
10:29
[SPEAKER_00]: So we have the AVWAP Bounce for the second time, we have the break hook and go, we have the break and short term structure, we also have the break of the 20 and 50 day moving averages as Bitcoin is moving higher, and you see this hooking very well.
10:44
[SPEAKER_00]: So this red line or this pink line is very clearly being used as support here to you
10:50
[SPEAKER_00]: And this is what we're seeing as kind of, again, more confirmation.
10:55
[SPEAKER_00]: We're using these prior moving averages as support.
10:58
[SPEAKER_00]: We broke below them.
10:59
[SPEAKER_00]: There are resistance for a little bit.
11:01
[SPEAKER_00]: But prior to us kind of breaking below them, we know it was being used to support here.
11:05
[SPEAKER_00]: We know it was being used to support over here.
11:07
[SPEAKER_00]: Now we're back above them and we're being used to support.
11:09
[SPEAKER_00]: And what happened in both of these other instances?
11:12
[SPEAKER_00]: We broke above.
11:13
[SPEAKER_00]: We tested it as support.
11:14
[SPEAKER_00]: We hit new highs.
11:15
[SPEAKER_00]: We broke above, we tested this as a support, and we hit higher highs after that.
11:20
[SPEAKER_00]: And I think that this is kind of the direction that we go.
11:22
[SPEAKER_00]: And I'm not ruling out this idea that we can't have any downside.
11:26
[SPEAKER_00]: I think that's silly.
11:27
[SPEAKER_00]: There's certainly a little pocketer or window that Bitcoin could theoretically come back into.
11:31
[SPEAKER_00]: But again, we're zooming out.
11:33
[SPEAKER_00]: We're looking at the bigger picture.
11:34
[SPEAKER_00]: And I think that the evidence just points that Bitcoin will continue to see higher lows into more upside appreciation.
11:42
[SPEAKER_00]: And I think it's pretty hard to make a bearish argument here.
11:45
[SPEAKER_00]: against that, at least from what I see.
11:48
[SPEAKER_00]: And as we'll look in on the fear and greed index in a little bit, Bitcoin isn't in this overbought situation.
11:54
[SPEAKER_00]: It's not in the territory of extreme greed or anything like that.
11:58
[SPEAKER_00]: In fact, we've been closer to fear than we have to greed.
12:01
[SPEAKER_00]: And we're seeing similar stuff from the indicators to saying we're not overextended, we're not overbought.
12:07
[SPEAKER_00]: We're not in this greedy territory, and I think that's a good sign because that means that we have plenty of room to move up before we're even in that overborder greedy territory.
12:17
[SPEAKER_00]: So...
12:18
[SPEAKER_00]: Yeah, I mean, I'm pretty optimistic about where Bitcoin is at right here today and I think you have a lot of solid evidence to kind of back this up and I think when we all pass this off in a second to you, but yeah one final point that I wanted to talk about is I think that the market has further to go and I think that this will be an extended market cycle because you can look at.
12:39
[SPEAKER_00]: three different charts.
12:41
[SPEAKER_00]: Bitcoin dominance, the total two in the others charts.
12:44
[SPEAKER_00]: And you can see where we're at in stages of the market cycle.
12:47
[SPEAKER_00]: And all the data is saying that so far this has been a more extended market cycle.
12:52
[SPEAKER_00]: Now we're still following the same structure, right?
12:54
[SPEAKER_00]: Where every four years in correlation to the having, we have Bitcoin rally up really ever since altcoin season was created back in 2017.
13:03
[SPEAKER_00]: Bitcoin dominance rallies up to 70 percent.
13:07
[SPEAKER_00]: falls to 40%.
13:08
[SPEAKER_00]: This was a really fast all-quint season.
13:10
[SPEAKER_00]: The next one, a little bit longer you can see, longer all-quint season but still four years later, 2021.
13:16
[SPEAKER_00]: We hit around 70% and then we fall.
13:20
[SPEAKER_00]: And then here we are in the next one, even longer than the one before that.
13:25
[SPEAKER_00]: But it still fits the same theme.
13:28
[SPEAKER_00]: not as kind of erratic in a sense.
13:30
[SPEAKER_00]: And we come around 70% and we started falling.
13:33
[SPEAKER_00]: The difference here is that you look at this and we're nowhere near the bottom end of this, which is anywhere below or around 40%.
13:40
[SPEAKER_00]: And so I really do believe that we're at stage one or really moving from stage one to two.
13:45
[SPEAKER_00]: Stage one is Bitcoin moves first.
13:47
[SPEAKER_00]: It's the largest, it's the King of Crypto, it's what we see.
13:51
[SPEAKER_00]: And I think that Bitcoin moves first.
13:53
[SPEAKER_00]: And the analogy that I always like to give
13:57
[UNKNOWN]: Thank you.
13:58
[SPEAKER_00]: pyramid or a funnel where it's the largest up top and then it gets smaller as you kind of trickle down, right?
14:04
[SPEAKER_00]: And so I think the crypto markets and these cycles work the same way.
14:08
[SPEAKER_00]: You start with the largest first being Bitcoin.
14:11
[SPEAKER_00]: Then you go large caps, then you go mid caps and so on and so forth and it kind of trickles down.
14:16
[SPEAKER_00]: And so what we're seeing is a very clear drop in Bitcoin dominance from this critical level.
14:21
[SPEAKER_00]: And so then I think the next logical question that people are asking is, well,
14:28
[SPEAKER_00]: And the answer there is not all altcoins are, but there's a certain group of them that are.
14:35
[SPEAKER_00]: And so when you look at the top ten or so cryptos by market cap, that's where we're seeing a lot of the appreciation.
14:43
[SPEAKER_00]: And we can tell this by looking at a chart, and I'm going to throw in watermarks here, so everyone can see what I'm looking at.
14:49
[SPEAKER_00]: But if we look at this chart called the total two, it's saying, hey, what is Crip those market cap excluding Bitcoin?
14:55
[SPEAKER_00]: So this is saying the entirety of the altcoin market.
14:58
[SPEAKER_00]: And here we can see, we've column up to this area and rejected, and we've column up to this area and rejected, and now we're pushing up to this area, again, around this idea of all-time highs.
15:07
[SPEAKER_00]: In fact, we tapped a new all-time high here.
15:10
[SPEAKER_00]: And so we're saying, okay, well, the total two, which is the representation of the altcoin market, is at all-time highs?
15:18
[SPEAKER_00]: the rest of the all-quin market, right?
15:20
[SPEAKER_00]: So now we can narrow that search and say instead of looking at the entire crypto market cap excluding Bitcoin, we can look at the entire crypto market cap excluding the top 10 altcoins.
15:31
[SPEAKER_00]: And then this is where we start to get some interesting data points because the total two doesn't look like this.
15:36
[SPEAKER_00]: the total two is hitting new highs.
15:37
[SPEAKER_00]: The others chart, which is excluding the top 10, is nowhere near it.
15:42
[SPEAKER_00]: And this needs about another 50% move to get back to all-time highs.
15:46
[SPEAKER_00]: So now we see the disparity here.
15:49
[SPEAKER_00]: We see the disparity where, uh,
15:52
[SPEAKER_00]: Altcoins are, like, anything below the top 10 are not rallying nearly as well as Bitcoin and they're not rallying nearly as well as the leading altcoins.
16:02
[SPEAKER_00]: And we can look at those charts.
16:03
[SPEAKER_00]: I mean, let's look at a handful of these top 10s real fast Tvo.
16:06
[SPEAKER_00]: We can see a theorem up here.
16:08
[SPEAKER_00]: hitting you it hit a new all-time high.
16:10
[SPEAKER_00]: It tapped the highs and you know relatively speaking we look at this chart and this thing's pressing up into the highs.
16:16
[SPEAKER_00]: Solana, similar story, rallying very hard.
16:20
[SPEAKER_00]: We can go when we can look at B&B, hitting new highs.
16:24
[SPEAKER_00]: We can go when we can look at Tron, rallying towards the highs.
16:28
[SPEAKER_00]: Hyperliquids number 11 by market cap.
16:30
[SPEAKER_00]: So right outside the top 10, but we see the same picture.
16:33
[SPEAKER_00]: And so a lot of these large market cap crypto projects are all consolidating at the highs.
16:38
[SPEAKER_00]: And it's not until you start looking at the more mid caps anything kind of outside the top 10.
16:44
[SPEAKER_00]: And we're just not seeing the same story.
16:46
[SPEAKER_00]: We can look at quality projects that are doing good.
16:49
[SPEAKER_00]: And though, you could look at,
16:51
[SPEAKER_00]: I don't know, even, let's look at like E and S. You could look over here at Sierra, which is how to good run.
16:59
[SPEAKER_00]: You could look at meme coins like fart coin or hadera, which is, again, nowhere near the highs.
17:04
[SPEAKER_00]: You could look at chain link, which is, again, not at the highs.
17:07
[SPEAKER_00]: And these are still larger market caps, but a little bit more getting into that mid market cap territory.
17:12
[SPEAKER_00]: So I say all of this, I know it's a big rant, but it kind of pains the picture of where we're at in the market cycle right now, and just because your favorite coin isn't running, doesn't necessarily mean that the market's not doing good or that it's not healthy.
17:25
[SPEAKER_00]: And I know there's a lot to unpack there, so I want to hand it off, but I'm excited because if we look at this Tvo, you know, and we look at Bitcoin dominance, I mean, this is saying, hey, there should be a lot of time left in this market, and I think the only way we have a lot of time left is if the market extends a little bit longer than normal, and that's not anything out of the ordinary because we've seen these cycles getting longer and longer and longer every single time they happen.
17:52
[SPEAKER_04]: It's all great information and again a lot to digest and thank you for doing it.
17:56
[SPEAKER_04]: We're going to keep the charts up everybody.
17:58
[SPEAKER_04]: If you I collected a bunch of tickers that people threw in.
18:01
[SPEAKER_04]: If you want Brendan to do a specific ticker throw it in the chat.
18:04
[SPEAKER_04]: I'm going to get it.
18:04
[SPEAKER_04]: Number one.
18:05
[SPEAKER_04]: We really appreciate everybody being here this afternoon spending your Friday afternoon with us.
18:09
[SPEAKER_04]: If you're here and enjoying it.
18:11
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18:15
[SPEAKER_04]: If you're new here, bottom right, subscribe.
18:18
[SPEAKER_04]: And then again, if this type of content that you're doing with Brendan is something that you're really enjoying, he is doing a six week course.
18:25
[SPEAKER_04]: We talk about it sometimes from time to time that he has a six week course and you get six weeks of content of learning technical analysis with him and you get two live streams, one hour each per week, which is basically this with him,
18:39
[SPEAKER_04]: Um, I have a link in the description below.
18:41
[SPEAKER_04]: If it's something that you're interested in and getting this type of content and getting into the education process of becoming a technical analysis guru like Brendan is check that link below and you get tons more access of learning it again the six week course and then again two live streams one hour each per week with Brendan.
18:59
[SPEAKER_04]: Doing exactly this, but we want to keep the fun going.
19:02
[SPEAKER_04]: We have some ticker's bread and the first one was Solana I know you brought it up, but maybe bring back soul for us And we definitely need to see the Solana add.
19:09
[SPEAKER_04]: I see it down there in the bottom left one of the amazing bottom calls of the crypto 101 podcast industry Our history sorry.
19:17
[SPEAKER_04]: It's it's up there.
19:18
[SPEAKER_04]: It's in the Hall of Fame when that Solana add came out that awful awful ad We just said we had to mark it
19:24
[SPEAKER_04]: this feels like a bottom, but specifically for, uh, I think it was Mrs. C. Lee.
19:29
[SPEAKER_04]: I can't remember exactly who asked that one.
19:31
[SPEAKER_04]: But, um, Solana, like any any deeper thoughts on that.
19:35
[SPEAKER_04]: It looks like it's doing a nice little break out there.
19:37
[SPEAKER_04]: That's a, it's a sexy looking long term chart.
19:41
[SPEAKER_00]: It is, man.
19:42
[SPEAKER_00]: I mean, you look at this thing since that point back in April, and it's up 151% as a large cap, which is a great thing to see.
19:50
[SPEAKER_00]: And I mean, excuse me, if we zoom in on this, what we have is just a clear ascending triangle.
19:59
[SPEAKER_00]: And again, I see, I think Mrs. C. Lee is someone who's actually gone through the program.
20:04
[SPEAKER_00]: I know Ed someone who's gone through the program.
20:06
[SPEAKER_00]: a couple of other folks have actually gone through it.
20:09
[SPEAKER_00]: And so you all are gonna know, you know me best.
20:11
[SPEAKER_00]: I love basically two things are my favorites.
20:14
[SPEAKER_00]: Bray cooking goes in ascending triangles.
20:17
[SPEAKER_00]: Two of my favorite things to play.
20:20
[SPEAKER_00]: And we've seen a lot of ascending triangles here lately, but some of the most notable ones have been on Solana in Hyperliquid.
20:27
[SPEAKER_00]: You know, on Solana over here, we kind of saw this rally through the 200-day moving average.
20:32
[SPEAKER_00]: We hit this high point of two, five to two, 10,
20:36
[SPEAKER_00]: Then we rallied back up to the same point, then a higher low, then back up, higher low, back up, higher low, back up, higher low.
20:43
[SPEAKER_00]: And you see pressure squeezing in here as the higher lows are coming in, but there's this flat level of resistance.
20:51
[SPEAKER_00]: And so this range is getting narrower and narrower as we're squeezing up, and then you just see this unwinding of pressure to the upside, as the bulls are essentially gaining ground here, right?
21:02
[SPEAKER_00]: Because every time it pulls back, the bulls are coming higher than before, and then higher than before, and then higher than before.
21:08
[SPEAKER_00]: And the bears are weakening, and you can tell that because price is not able to move down, every time resistance is staying the same.
21:15
[SPEAKER_00]: So the bears are not getting stronger, but the bulls are gaining ground.
21:18
[SPEAKER_00]: And so pressure is building and building and building to the upside until pressure builds up too much.
21:24
[SPEAKER_00]: And it explodes.
21:25
[SPEAKER_00]: And that's what we've seen here with Solana is kind of just a jetpack up to over 250 bucks.
21:31
[SPEAKER_00]: And we look at this as a pretty historical,
21:35
[SPEAKER_00]: big resistance point.
21:38
[SPEAKER_00]: Because if we go back to 260 bucks T of O, I mean, we look at this and we can kind of zoom in and say, hey, we've tapped this area around 250 bucks and we struggled.
21:47
[SPEAKER_00]: So this is 250 bucks right here.
21:49
[SPEAKER_00]: You know, we struggled after getting up here around 250 to 60.
21:53
[SPEAKER_00]: So we hit 250 big rejection.
21:56
[SPEAKER_00]: We were unable to close above 260.
21:58
[SPEAKER_00]: Then we go all the way over here to the next run,
22:01
[SPEAKER_00]: And we can see again, we came up to around 250, and we rejected, we were unable to close above 260.
22:08
[SPEAKER_00]: Same thing over here, we came up, we got a little bit higher this time, 250's right around here.
22:12
[SPEAKER_00]: Well, we were able to pierce through this higher, but again, unable to close with any kind of strength above 260 bucks.
22:21
[SPEAKER_00]: And so I'd say, hey, the bulk of our candle body closings around 250, the wicks go up around to 260 something.
22:27
[SPEAKER_00]: We're unable to close above the zone three separate times.
22:31
[SPEAKER_00]: I believe this was over the course of three different years.
22:33
[SPEAKER_00]: Yeah, 2021, 2024 and 2025.
22:39
[SPEAKER_00]: And so now we're coming back up to the zone again and I was looking at this saying, hey, we know that there's been some big resistance up here.
22:45
[SPEAKER_00]: We know that we've seen some pretty gnarly rejections.
22:48
[SPEAKER_00]: And so that's why the top area of my resistance is around 250 to 260 over here.
22:54
[SPEAKER_00]: Now the good news.
22:56
[SPEAKER_00]: is that if Solana can convincingly break through that zone, it will have done something that it's never done in history, and it essentially goes into price discovery mode, which means that Solana can appreciate really fast to the upside.
23:11
[SPEAKER_00]: That's something that I want to see, right?
23:13
[SPEAKER_00]: I want to see Solana close through 260 with authority.
23:18
[SPEAKER_00]: Until that happens, we know it's a resistance point.
23:20
[SPEAKER_00]: So I am being a little bit cautious around that 250 to 260 level.
23:24
[SPEAKER_00]: If we can conquer it with authority, I think there's a huge, huge, upside opportunity in Solana.
23:30
[SPEAKER_00]: But until we do that, again, I'm just respecting it.
23:32
[SPEAKER_00]: We know that on three separate years,
23:35
[SPEAKER_00]: three separate swing high occasions where there's been big rejections around that point.
23:40
[SPEAKER_00]: So I'm looking at it this time and saying, hey, maybe we do something where we kind of come up here or we reject, we fall down and then we continue afterwards.
23:47
[SPEAKER_00]: Maybe we just go straight up through it and we don't even care.
23:50
[SPEAKER_00]: I think the faster we do it, the more convincing it is.
23:53
[SPEAKER_00]: But I think either way, Solana has this opportunity.
23:56
[SPEAKER_00]: to break to new all-time highs.
23:59
[SPEAKER_00]: And one convincing factor that I think a lot of people miss is that I know Solana's token price is not hitting new all-time highs right now.
24:07
[SPEAKER_00]: However, it's market cap is.
24:10
[SPEAKER_00]: So when you look at Solana's total market cap, in fact, I'll just pull this up on another chart.
24:16
[SPEAKER_00]: Solana's market cap is at all-time highs.
24:19
[SPEAKER_00]: But the token price or the token itself actually has inflation and unlocks.
24:25
[SPEAKER_00]: And so, because of inflation, there's been more tokens getting put into existence.
24:30
[SPEAKER_00]: However, as we'll look at right here, the market cap of Solana and let's even zoom this in.
24:37
[SPEAKER_00]: The market cap of Solana is at all time highs.
24:40
[SPEAKER_00]: It hit over 131 billion and its previous peak was 123 billion.
24:45
[SPEAKER_00]: So again, Solana is technically at all time highs in terms of market cap, just not in token price because of inflation since the last peak.
24:56
[SPEAKER_00]: So a lot of still looks good, man.
24:57
[SPEAKER_00]: I mean, it's one of my favorites up here.
25:00
[SPEAKER_04]: Yeah, we've talked about a lot of comparing it to Ethereum with the narrative.
25:03
[SPEAKER_04]: And we still think there's another shoe to drop there with those ETFs kind of getting mass approval for Solana, following and footstep of the Ethereum.
25:13
[SPEAKER_04]: Could that narrative kind of take hold, like we've seen with Ethereum, and kind of swap back to Seoul, definitely something we're all watching.
25:19
[SPEAKER_04]: A lot of awesome,
25:21
[SPEAKER_04]: tickers people are putting in let's do this bread and let's do three more kind of like quick hit or form and then I there's another three that will save let's do some at the end of the show uh cause you know we'll just jump some topics we can always circle back so soul was muddy oaks misses ceilies up next she wants Brett Brett is the uh though at the meme coin for base
25:44
[SPEAKER_00]: Yeah.
25:44
[SPEAKER_00]: I haven't tried it this one a little bit.
25:46
[SPEAKER_00]: Um, looking at Brett.
25:48
[SPEAKER_00]: I know that I think it was Toshi.
25:50
[SPEAKER_00]: Uh, I think it was Toshi or Toshi or something like that.
25:53
[SPEAKER_00]: Another meme quote on brace on base went crazy the other day.
25:57
[SPEAKER_00]: They got a listing and they went just nuts.
26:00
[SPEAKER_00]: But.
26:01
[SPEAKER_00]: If we look at Brett here, you know, not, I would say not as strong as a chart.
26:06
[SPEAKER_00]: We look at this coming down heavily off these highs, you know, still down about almost 80%.
26:12
[SPEAKER_00]: So, seeing a bit of a harsh,
26:17
[SPEAKER_00]: fall and what I don't like here is that you kind of found a nice low over here rallied up and again lost a lot of this valuation another 65% to the downside rallied up a little bit higher you're finding some support but it's really not going anywhere right I always like to say the trend is your friend and the trend over here has been hey it peaked and ever since it peaked it blood out 80% and it's kind of just gone sideways for a long time
26:43
[SPEAKER_00]: So, this one I think looks a little bit weaker, but the one thing that you can't count out is this addition of the new coin-based token, or the base token, and so since Brett is on base, you have to think that if this base token comes out and it brings a bunch of,
27:01
[SPEAKER_00]: activity and volume to the base ecosystem.
27:04
[SPEAKER_00]: Well, this could be a token that could capitalize on something like that.
27:07
[SPEAKER_00]: So I'm not going to boo who it too much.
27:09
[SPEAKER_00]: I will say the chart itself looks a little bit rougher than what I would like, but you do have maybe some of these exciting base catalysts that could potentially give it a boost.
27:19
[SPEAKER_00]: So you have some things working for it, but again, it's in a little bit of a tougher spot and it really hasn't been doing anything
27:28
[SPEAKER_04]: Yeah, we got some more coin-based news coming up in a little bit in the show.
27:31
[SPEAKER_04]: Moving on, Roger, Roger you said was a graduate of your program.
27:37
[SPEAKER_04]: Again, if you're interested in doing Brendan's program for this type of technical analysis and get more access to him, it's the first link in the description.
27:44
[SPEAKER_04]: While we're doing that, just a friendly reminder.
27:46
[SPEAKER_04]: Roger was looking at a CFG Brendan Centerfuge.
27:50
[SPEAKER_00]: That was a CFG.
27:51
[SPEAKER_04]: Yeah, I was a big fan of Centerfuge.
27:54
[SPEAKER_04]: still still cut still do like it but I didn't like how they uh they went off uh coin-based head to do that transfer on coin-based while which I think freaked a lot of people out but um yeah what are you looking at here some good solid recovery looks like
28:10
[SPEAKER_00]: Yeah, I mean, some solid recovery.
28:11
[SPEAKER_00]: I mean, we look at this, and this is another one where I like this project.
28:15
[SPEAKER_00]: They have to deal with tokenization in RWA's.
28:17
[SPEAKER_00]: They are really strong rallying in 2024, but they lost about 90% of the value from that rally, which is
28:25
[SPEAKER_00]: a little bit tougher.
28:26
[SPEAKER_00]: Now we look at it down here, and the good news is that they've almost fully released their supply, right?
28:35
[SPEAKER_00]: So the good news is that they had some decent inflation, which I think caused a lot of the price depreciation that we saw caused prices to fall down, but a lot of that inflation, in fact, I think almost all of it is out of the way.
28:48
[SPEAKER_00]: The last time I looked is, you know, they were almost fully diluted in terms
28:53
[SPEAKER_00]: And that's a really, really good sign to see because it's pretty rare that cryptos have that, almost all cryptos have some sort of inflation model.
29:01
[SPEAKER_00]: And when we look at centrifuge over here, I mean, again, off the April lows, which is generally where I like to measure things for cryptos nowadays.
29:10
[SPEAKER_00]: It's up 186% even after this pullback.
29:13
[SPEAKER_00]: So we have seen more attention coming back into this token.
29:16
[SPEAKER_00]: And we have seen it really struggle against that 200-day moving average ever since the peak.
29:21
[SPEAKER_00]: But it looks like it's turning around here.
29:23
[SPEAKER_00]: This is the strongest breakout above that 200-day moving average that we have seen since its reversal.
29:29
[SPEAKER_00]: And I would like this.
29:31
[SPEAKER_00]: So as it's coming back down over here again, a little bit of warning signs, you're seeing an inverse break below the 50 and 20-day moving averages.
29:39
[SPEAKER_00]: You're seeing it hook and kind of reject those 20 and 50-day moving averages.
29:44
[SPEAKER_00]: Not generally a good sign.
29:45
[SPEAKER_00]: You're also getting kind of the death cross.
29:48
[SPEAKER_00]: Happen here with a little bit of rejection.
29:50
[SPEAKER_00]: This would lead me to believe that maybe there's a little bit of downside here.
29:54
[SPEAKER_00]: But I think the overall reversal is pretty strong.
29:56
[SPEAKER_00]: So again, the macro picture of this reversal is pretty strong.
30:00
[SPEAKER_00]: Short term, you are getting some kind of bearish signals coming out.
30:03
[SPEAKER_00]: Maybe that means that there's a little bit more downside in something like CFG, but that doesn't mean that it can't be a buying opportunity.
30:09
[SPEAKER_00]: Because you have some pretty big levels as you start getting back down to around 23, 24 cents, and especially around 20 cents where you have that 200-day moving average.
30:21
[SPEAKER_04]: Yeah, not a horrible big picture and it's seen a pretty convincing rally since yeah, we'll do one more and then we'll move on to some topics and then we'll wrap up at the end of the show with some more Q&A.
30:30
[SPEAKER_04]: Let's do the crypto 101 favorite XRP.
30:35
[SPEAKER_04]: As I did in our last night, I did in our last night, everybody was asking about crypto 101.
30:40
[SPEAKER_04]: The couple of my friends told everybody about the podcast.
30:42
[SPEAKER_04]: They're asking, you know, what's a buy and just everybody at the table was just like, what do you think about XRP?
30:47
[SPEAKER_04]: What do you think
30:51
[SPEAKER_04]: You know, just that classic project that just everybody's doing, you know, you know, what did you tell him I told him I told him I told him I told him I tell you what I told him I tell you the crypto 101 loves the XRP army we love the XRP army so much that
31:09
[SPEAKER_04]: I don't know what to do with myself.
31:10
[SPEAKER_04]: How much love I have for these guys as I said, you know, full transparency, not a holder.
31:14
[SPEAKER_04]: We can't give personal financial advice anyway, but just love.
31:18
[SPEAKER_04]: I love the movement of the people more than the project to be quite honest, but Bos, our friend Bos in the chat was asking about XRP.
31:26
[SPEAKER_04]: So what do you see in here?
31:29
[SPEAKER_00]: Yeah, you know, XRP's fascinating.
31:30
[SPEAKER_00]: This was one of the strongest runners leading into this year, so last year.
31:35
[SPEAKER_00]: And it was one of the strongest runners of this year up until about the summer point.
31:40
[SPEAKER_00]: So when we zoom out and we look at this, again, the chart speaks for itself.
31:43
[SPEAKER_00]: It ran up hitting you all time highs, came down into a nice crop, had a beautiful support basin at two bucks, had about a dozen different buying opportunities.
31:52
[SPEAKER_00]: And we kind of brings us into the more modern day of this summer where we came up, we hit the new all-time highs, and then this event happened.
32:02
[SPEAKER_00]: And for people who weren't aware, again, I own XRP.
32:04
[SPEAKER_00]: I've been trading this thing.
32:05
[SPEAKER_00]: You know, I'll always agree with everything that's a part of the project.
32:10
[SPEAKER_00]: I usually tell it how it is.
32:11
[SPEAKER_00]: And so sometimes the XRP army, they love me.
32:14
[SPEAKER_00]: And then sometimes people don't like me.
32:16
[SPEAKER_00]: But I like to look at both sides of what's happening.
32:20
[SPEAKER_00]: And around here, there was a lot of insider selling from their executive team again.
32:24
[SPEAKER_00]: I mean, Chris Larsson was selling off.
32:26
[SPEAKER_00]: You know, just I think it was hundreds of millions of dollars of XRP again and it was a little bit of a scandal because he's done this before and gotten trouble for it before and this time around he was doing it on to the holders it was on to like normal brokerages and normal exchanges and he was just market smashing cell orders for millions and millions of dollars on to the holders through just normal exchanges.
32:50
[SPEAKER_00]: And people didn't like this.
32:51
[SPEAKER_00]: I mean, clearly, people, the holders were kind of upset that this was happening yet again after it's happened a lot in the past.
32:58
[SPEAKER_00]: And so it faded off here.
32:59
[SPEAKER_00]: And prices had a hard time recovering since there was that insider selling event and a bit of frustration that kind of accompanied that.
33:08
[SPEAKER_00]: But it looks like it's recovering here.
33:09
[SPEAKER_00]: I think it's found a really nice bottom around $2.70 and $2.75 right around here.
33:16
[SPEAKER_00]: And we found a really nice bottom around here.
33:19
[SPEAKER_00]: And I was nervous that this could turn into a decent triangle, but we're starting to see again, structure, break to the upside, which I think is a really good sign.
33:27
[SPEAKER_00]: So nice kind of base down here around $2.75.
33:31
[SPEAKER_00]: Clear support.
33:32
[SPEAKER_00]: And now it's breaking back above the 20, back above the 50, breaking through those downwards trendline, and finding some good support around three bucks.
33:40
[SPEAKER_00]: It's a pretty decent size support zone now.
33:43
[SPEAKER_00]: So what we're seeing is this kind of prior resistance line turned into support.
33:47
[SPEAKER_00]: And I think that there's some good stuff happening on the XRP chart.
33:51
[SPEAKER_00]: Now, I mean, it's looking like it wants to break out.
33:53
[SPEAKER_00]: And I'll be the first one to say, you know, despite what I tend to think about some of the fundamentals of XRP, the...
34:04
[SPEAKER_00]: The chart itself looks good.
34:06
[SPEAKER_00]: And I think they have good catalysts as well.
34:08
[SPEAKER_00]: I think you look at the catalyst here being the XRPETF.
34:12
[SPEAKER_00]: That has a 95% chance of approval by the end of this year, according to the Bloomberg Intelligence Analyst, who are like the premier analyst when it comes to these things.
34:23
[SPEAKER_00]: Someone who we've had on the show with Eric Bolchinus and James Seifart.
34:28
[SPEAKER_00]: They put it at a 95% chance of approval.
34:30
[SPEAKER_00]: I would agree with that.
34:31
[SPEAKER_00]: I think it's a matter of time until it gets approved.
34:34
[SPEAKER_00]: And you have pretty strong technicals outside of that one insider selling event, one of the strongest technicals outside of that event.
34:41
[SPEAKER_00]: And now the technicals are resuming to the upside and looking a little bit stronger again.
34:45
[SPEAKER_00]: I think once you get that catalyst to come forward, which is that ETF approval, the spot ETF approval, I think this thing can go.
34:54
[SPEAKER_00]: I think it can see in your all-time highs.
34:56
[SPEAKER_00]: So, I want to count out the idea of seeing a $4XRP.
35:00
[SPEAKER_00]: I know people like their big price predictions of $10, $100, $1,000.
35:03
[SPEAKER_00]: You know, I'm not going to get into that.
35:07
[SPEAKER_00]: But I think it's very possible that we see XRP hit new all-time highs.
35:12
[SPEAKER_00]: And that's something that could happen before the end of this year.
35:15
[SPEAKER_00]: So, again, chopping around, I'm still, I'm sure there's still kind of figuring out some of the mess that it was coming out of.
35:20
[SPEAKER_00]: But I'm not opposed to this chart.
35:23
[SPEAKER_00]: I have exposure.
35:24
[SPEAKER_00]: And this is something that I'm personally playing and then saying I think it can go higher than three bucks.
35:31
[SPEAKER_00]: I think three dollars is a half decent area down here.
35:35
[SPEAKER_04]: Awesome.
35:35
[SPEAKER_04]: Yeah, shout out to the XRP Army.
35:36
[SPEAKER_04]: They're going to love to hear that.
35:38
[SPEAKER_04]: Let's let's put a pin in the technical analysis.
35:40
[SPEAKER_04]: Again, guys, if you're enjoying this stay tuned.
35:43
[SPEAKER_04]: Again, give us a like.
35:44
[SPEAKER_04]: If you're new here, bottom right hit our logo, hit subscribe and like the video.
35:48
[SPEAKER_04]: It really helps us grow.
35:50
[SPEAKER_04]: And if you enjoyed that stay tuned, we got some news to break down and we'll come back to the charts.
35:54
[SPEAKER_04]: But again, if you want to try to learn and master technical analysis, and if kind of doing that charting live with Brendan, or you can send in requests and talk to him and kind of do it together with him while you're learning.
36:07
[SPEAKER_04]: In the description, I put the link.
36:08
[SPEAKER_04]: It's Brendan's six-week program.
36:10
[SPEAKER_04]: Again, if it's something you're interested in, please check it out.
36:13
[SPEAKER_04]: But if not, Brendan's going to be on the show all the time, and we keep having a lot of fun.
36:17
[SPEAKER_04]: But if kind of growing your education around this topic is something you're interested in,
36:22
[SPEAKER_04]: definitely check out that link below.
36:24
[SPEAKER_04]: But just continuing on the momentum of all these charts, we're gonna pull up, we're gonna pull up the fear greed index real quick.
36:31
[SPEAKER_04]: We haven't checked it out in a couple of weeks.
36:33
[SPEAKER_04]: My favorite thing kind of about this having these two side by side, kind of like what you were talking about with the total two and kind of Bitcoin dominance we're starting to see that, you know, hey, all Coin season is right on the tip there 74.
36:45
[SPEAKER_04]: It's tip and over and then you go over to fear greed and it's like smack dab in the middle at 50.
36:51
[SPEAKER_04]: You know, when you think about it, and the all-coin season index, the all-coins won it, they're ready, they're ready, they're ready to roll.
36:57
[SPEAKER_04]: But that fear-grade index is teetering, and so, I mean, again, we don't have a crystal ball.
37:02
[SPEAKER_04]: We don't know exactly what's going to happen, and a lot of it is tied to kind of the macro and the Fed and we're riding that wave.
37:08
[SPEAKER_04]: We definitely are kind of leaning, you know, we're always bullish, like permapoles, but it feels like the runway is set up for the end of the year here.
37:16
[SPEAKER_04]: But also,
37:18
[SPEAKER_04]: Brennan I'm starting to kind of feel kind of feel like it's that everybody could be on one side of the boat.
37:23
[SPEAKER_04]: So whenever that's happened, you got to stay, you got to stay vigil, you got to stay, you know, keep educating and that's why we do these shows multiple times a week because things change and happen fast.
37:33
[SPEAKER_04]: So you're in the right place.
37:35
[SPEAKER_04]: But with that said, if kind of history repeats itself and it doesn't always repeat, but a lot of the time it rhymes.
37:43
[SPEAKER_04]: October's coming Brandon and I know we're super excited about it next Friday one week from today We have the prepare for October live stream.
37:51
[SPEAKER_04]: It's gonna be me.
37:53
[SPEAKER_04]: It's gonna be you I'm here in rumors that Bryce is gonna be there Joe's gonna be there Brian McNuth's gonna be there
38:01
[SPEAKER_04]: Possibly a row heat sighting is row heat going to come out and give us some end-of-year gems That's next Friday same time the October livestream guy.
38:09
[SPEAKER_00]: He's legendary.
38:10
[SPEAKER_04]: Yes, legendary Our team gets really really excited for October because as you can kind of see here, and I'm sharing it You know historically if this is for Bitcoin October is the greenest month in history for Bitcoin and a lot of times it follows that again It's not the same thing every year.
38:27
[SPEAKER_04]: It's more of a repeats it rhymes
38:29
[SPEAKER_04]: But in prep prepared for October is is something that we've been excited for for many years and as you can see here many years in a row we've been correct so so how are you preparing for October running and how excited are you?
38:45
[SPEAKER_00]: I'm pretty freaking stoked.
38:46
[SPEAKER_00]: I mean, we have not seen a red October since 2018, which was one bloody year for the crypto market and it was only read 3.8%.
38:54
[SPEAKER_00]: We've only seen two red October's,
39:01
[SPEAKER_00]: basically since 2013 since this chart started.
39:05
[SPEAKER_00]: And so when you look back at all the data again, this is the best or one of the best performing months.
39:11
[SPEAKER_00]: If you look at the average return rate, you have November, which is actually the best, and then you have October, which is the second best, but it's coming off of what I call sucky September, which is usually really bad.
39:23
[SPEAKER_00]: And I know
39:25
[SPEAKER_00]: The last 10 days of September are historically one of if not, you know, the worst 10 day stretch of the entire year.
39:33
[SPEAKER_00]: And that's the final part of September.
39:35
[SPEAKER_00]: So I think we just get through September.
39:37
[SPEAKER_00]: We get out of this month that's historically a really right one.
39:41
[SPEAKER_00]: And we push ourselves into October and November, which are two of the best performing months for crypto.
39:47
[SPEAKER_00]: We get a little bit of a Santa Claus rally at the end of the year.
39:50
[SPEAKER_00]: And I think everyone escapes happy.
39:52
[SPEAKER_00]: So, I mean, I'm pretty stoked for it, man.
39:55
[SPEAKER_00]: I mean, if history repeats itself like this tweet says, October's average return is 21.9%.
39:59
[SPEAKER_00]: If it repeats itself, that puts Bitcoin at 141K.
40:02
[SPEAKER_00]: If we add in the other 166% to that in November, that historical return, that puts us, again, above 150, 160, 170K.
40:07
[SPEAKER_00]: And then we start getting into our end of your price predictions
40:22
[SPEAKER_00]: beginning of the year and if this holds true it's going to be neck and neck probably between me and you because I think Bryce's prediction was like 500,000 but can't blame the bulls.
40:35
[SPEAKER_04]: Hey who knows maybe we're we're one big big coin strategic reserve for just a way from Bryce being correct.
40:41
[SPEAKER_00]: You're right.
40:42
[SPEAKER_04]: Yeah but again kind of looking at the runway the runway looks clear we're going to be getting all the macro data the CPI the PPI we already did this
40:51
[SPEAKER_04]: jobs data that we've talked about like this jobs revision was wild and at first everybody is like oh wait the economies in peril the economies in peril and actually the biggest spin zone on it is maybe the economy stronger than we think if we're not adding any jobs over the last year and we still have this growth and this AI and cat backs and efficiency is coming down the line
41:12
[SPEAKER_04]: rate cuts liquidity I mean the bulk cases there and and I we talked about it before we won't dive in too much but like the debate on our late cycle or early cycle.
41:22
[SPEAKER_04]: man, it's a fun debate.
41:23
[SPEAKER_04]: It is a fun debate to have.
41:25
[SPEAKER_04]: Um, and yeah, the up to over here, we are going to be obviously covering it wire for wire and why, why it, why are we so bullish?
41:34
[SPEAKER_04]: Why do we think this cycle is extending?
41:36
[SPEAKER_04]: It's everything from price action to rate cuts, but the number one thing that we cover week to week on the show besides the price action is the regulation.
41:45
[SPEAKER_04]: And that's because we, and on day one, we went in and we fired Gary Ginsler.
41:51
[SPEAKER_04]: This guy was literally single-handedly holding this industry back for years.
41:57
[SPEAKER_04]: And he went and, and to think like, I mean, dude, we've ran it on this so many times, but it has to be said again, how he held this industry back all while in bed with Sam Bank, been freed during the FTX run.
42:11
[SPEAKER_04]: of FTF, you know, Sam was on Capitol Hill, doing meetings with congressmen, meeting with Gary Ginsler, having lunch in his office.
42:19
[SPEAKER_04]: And then it blows up and Sandbagman free goes to jail and everybody forgets about it and just tries to shut down the whole industry.
42:25
[SPEAKER_04]: It was crazy.
42:26
[SPEAKER_04]: I mean, this guy made an appearance.
42:28
[SPEAKER_04]: We're going to play this appearance in a second, like you said on CNBC.
42:31
[SPEAKER_04]: But after his appearance, like, he's been hiding and rightfully so because he's a joke.
42:36
[SPEAKER_04]: I mean, dude, he went and burned all these documents.
42:39
[SPEAKER_04]: Everybody's like, save, don't burn anything, don't destroy anything.
42:42
[SPEAKER_04]: It's starting to come out that like all these things that
42:49
[SPEAKER_04]: He went deleted all this crap him and his freaking people like you could make the case and I I tweeted this on it was like a gem and I tweet from one of the wake-of-offs twins.
42:59
[SPEAKER_04]: I was like I don't say this lightly.
43:01
[SPEAKER_04]: I really don't.
43:02
[SPEAKER_04]: I don't say this lightly Gary Gensler might deserve to be in prison.
43:06
[SPEAKER_04]: He like depending on what comes the light like this guy might literally deserve to do a little prison time
43:12
[SPEAKER_04]: Because because of how his pockets were padded and the decisions he made, like man this guy, and he's coming out of his hole because he's becoming irrelevant and he sees how much
43:23
[SPEAKER_04]: momentum the crypto market has and so he's popping his head out of his little hole trying to make some noise because You know, I know he's a professor now and he'll be fine.
43:32
[SPEAKER_04]: I'm sure getting gigs, but like nobody wants to pay for his speeches these banks Nobody wants to pay his like $100,000 fee for him to come and speak and rally the troops I mean the guys a joke the guys a joke
43:45
[SPEAKER_00]: I think the clip speaks for itself.
43:46
[SPEAKER_00]: I mean, this is like one of his first public appearances.
43:49
[SPEAKER_00]: They bring him on CNBC and just just watching, you'll formulate your own opinion.
43:55
[SPEAKER_02]: They are reversing a lot of what you did and how are you feeling about what they're doing now.
44:00
[SPEAKER_03]: So I'm very proud of what we accomplished.
44:02
[SPEAKER_02]: I'm the crypto community is ecstatic, not to have you there anymore.
44:07
[SPEAKER_02]: And to have him, to have him there.
44:09
[SPEAKER_02]: Looking back on it, I mean, do you think that was the right call?
44:13
[SPEAKER_02]: Yes, I think because look now we have this like burgeoning industry and there's so much more innovation and leadership in the U.S.
44:20
[SPEAKER_03]: And we're capital coming into it.
44:23
[SPEAKER_03]: There may be more capital in terms of the interest in the public, the public is interested, I get that, but for investors.
44:35
[SPEAKER_01]: Do you think this is dangerous what they're doing?
44:37
[SPEAKER_03]: put aside Bitcoin, but most of the other tokens are not tied to any fundamental.
44:43
[SPEAKER_03]: Like Warren Buffett would say, what are the goods, what are the revenues, what are they selling and so forth?
44:51
[SPEAKER_04]: Yeah, but just tell us about your lunch with like Sam Bacon free and what you're doing in the office like that.
44:56
[SPEAKER_04]: That guy was getting cooked on live television.
44:58
[SPEAKER_04]: Like, I know wondering he hasn't made a ton of public appearances and he goes to CNBC because, you know, just out of respect for the office when he would go on that channel.
45:07
[SPEAKER_04]: They definitely peppered him a little bit back when he was SEC chair.
45:11
[SPEAKER_04]: But now like,
45:12
[SPEAKER_04]: because you don't have the, you know, the shield of the respect for the office, Sarah Eisen just went in like a shark.
45:20
[SPEAKER_04]: That was charming the waters.
45:21
[SPEAKER_04]: They were going for the kill.
45:23
[SPEAKER_04]: If anything, that clip, I saw the live thing and just it was worse than that.
45:27
[SPEAKER_04]: That clip actually was pretty friendly because they made some cuts.
45:30
[SPEAKER_04]: to keep the dead air i mean he was he was like bambi that was a baby deer out there his legs didn't have the strength he looked like a baby deer on an ice drink he was skating all over the place i mean the guys a joke it's it's it's it is really
45:46
[SPEAKER_04]: wild to see how hard him in the SEC held it back and then again that operation choke point hurt a lot of people hurt a lot of companies hurt the innovation and then under his leadership not only did we not have any progress forward and you're holding people back one of the biggest frauds of all time if the x happened while you're getting lunch with them in your office it's like crazy yeah I mean
46:13
[SPEAKER_00]: I mean, you're right, that was probably the more friendly part of that, but even then they were like everyone celebrating that you're out of here.
46:20
[SPEAKER_00]: How do you feel about that?
46:21
[SPEAKER_00]: And he's like, well, I don't know, I mean, the other thing that he said was,
46:27
[SPEAKER_00]: Show me the revenue, show me this in that, not in these projects outside of Bitcoin of Revenue.
46:32
[SPEAKER_00]: When it's the opposite, Bitcoin doesn't have any revenue.
46:34
[SPEAKER_00]: It doesn't have a huge purpose, but it doesn't have revenue.
46:38
[SPEAKER_00]: And then here, I pulled this up because it kind of infuriated me that he says these things and then he gets away with it.
46:43
[SPEAKER_00]: And I don't know why they didn't call him out for this, but let's go through this in the last 30 days.
46:47
[SPEAKER_00]: These are all gonna be 30 day readings.
46:50
[SPEAKER_00]: In the last 30 days, Tether, 644 million dollars in Revenue.
46:56
[SPEAKER_00]: Circle, 222 million at fees.
46:56
[SPEAKER_00]: Uniswap, 137 million, pump, pump, you will know, pumped off on, 118 million, Jupiter, 100 million, hyper-liquid, another almost 100 million, are they, 95 million, now I mean, the list goes on, Athena, 70, or 60, 7 million, Lido, 92 million, a sky, or make it out in the last month,
47:26
[SPEAKER_00]: You have all these projects doing millions or hundreds of millions of dollars a month, let alone billions in a year, and I don't know where he gets this info from.
47:35
[SPEAKER_00]: I mean, we're not even looking at how much the networks like Solana and Ethereum and these layer ones are generating.
47:42
[SPEAKER_00]: We're just saying, what about the applications that are built on top of them?
47:45
[SPEAKER_00]: And they're, again, in the tens or hundreds of millions of months.
47:49
[SPEAKER_00]: So, I mean, you can just tell he's so misled, I mean, it's so
47:55
[SPEAKER_00]: Ridiculous that you can say this and I wish they would call him out But again, he's not here anymore.
48:00
[SPEAKER_00]: We don't got to worry about him.
48:02
[SPEAKER_00]: We all pull out kids He's saying crypto's time is here and it's crypto's time this shot, but I mean, it's yeah It's crazy how far and the thing is we've it's only been a year to you about it's only been a year and there's been such a monumental amount of progress I know people always want
48:16
[SPEAKER_00]: instant gratification, they wanted to happen faster, I understand, but we've come a long way in just a year, and I think the next three years can hopefully be pretty constructive as well.
48:26
[SPEAKER_04]: Yeah, I mean, the best way to end this segment is just with the clip that started at all, so we'll play that as we move on.
48:42
[SPEAKER_04]: Whoa, and so with a little bit of that in a while.
48:45
[SPEAKER_04]: Oh man, it's just literally one of the best.
48:47
[SPEAKER_04]: And that does.
48:48
[SPEAKER_04]: That clears the runway for progress, right?
48:50
[SPEAKER_04]: And this week, there were a lot of our big figure heads in the industry getting together.
48:55
[SPEAKER_04]: Again, we have Michael Sailor and Tom Lee together.
48:56
[SPEAKER_04]: We'll get that in a little bit.
48:57
[SPEAKER_04]: But Brian Armstrong.
48:58
[SPEAKER_04]: was down in DC and Coinbase is making a lot of noise last couple weeks and so this was Brian live from DC so I thought it would be interesting for everybody to check in again from day one firing Gary Gensler and that joke of an SEC chair to where we are today is kind of leading the runway for what we're going to talk about next.
49:18
[SPEAKER_04]: It's because the regulation keeps moving forward.
49:21
[SPEAKER_02]: They are reversing a lot of what you did and how are you feeling about what they're doing now?
49:26
[SPEAKER_03]: So I'm very proud of what we accomplished.
49:29
[SPEAKER_02]: And the crypto community is ecstatic, not to have you there anymore.
49:33
[SPEAKER_02]: And to have him to have him there looking back on it.
49:36
[SPEAKER_02]: I mean, do you think that was the right call?
49:39
[SPEAKER_03]: Oh, yes, I think.
49:41
[SPEAKER_02]: Because look, now we have this like burgeoning industry, and there's so much more innovation and leadership in the US.
49:46
[SPEAKER_03]: And we're capital coming into it.
49:49
[SPEAKER_03]: There may be more capital in terms of the interest in the public, the public is interested.
49:55
[SPEAKER_03]: I get that, but for investors.
50:01
[SPEAKER_01]: Do you think this is dangerous what they're doing?
50:04
[SPEAKER_03]: put aside Bitcoin, but most of the other tokens are not tied to any fundamental.
50:09
[SPEAKER_03]: Like Warren Buffett would say, what are the goods, what are the revenues, what are they selling and so forth?
50:17
[SPEAKER_04]: So is there a coincidence that he's down in DC this week and makes that video and he's working hard clear?
50:22
[SPEAKER_04]: Do you think that there's a coincidence between him doing that?
50:26
[SPEAKER_04]: and then coinbase posting this yesterday with there's a new way to grow your bags lender USDC earn up to 10.8% defy lending is rolling out on coinbase.
50:37
[SPEAKER_04]: Do you think there's any coincidence they're branded?
50:40
[SPEAKER_00]: I don't think so.
50:41
[SPEAKER_00]: I mean clearly we know that there's all sorts of new
50:45
[SPEAKER_00]: new things happening and now all of a sudden we get this about lending we want we start seeing all these different groups wanting to get involved with debit cards and credit cards and banking and now we're getting new messages that different forms of leverage are going to be allowed in the United States again.
51:02
[SPEAKER_00]: I don't think it's a coincidence that all these things are happening, and then on top of this as we're going to talk about, they come out and they were like, yeah, we're not, we're not ever really looking into a token for the base ecosystem, and now they come out and they say this.
51:15
[SPEAKER_00]: I mean, clearly something's happening behind the scenes.
51:17
[SPEAKER_04]: Yeah, yeah, there's a lot of movement showing on.
51:22
[SPEAKER_04]: kind of switching gears to more regulation and passing.
51:25
[SPEAKER_04]: This was really interesting that the gray scales digital large cap fun looked like it was going to begin trading today, a combination of Bitcoin, Ethereum, XRP, Solana, and ADA.
51:37
[SPEAKER_04]: Again, just kind of the tip of the iceberg of this first, again, large cap fun, blue chip fun, whatever you want to tell it, whatever you want to call it, it's basically forecasting
51:51
[SPEAKER_04]: of what we've been saying on this podcast for the last couple weeks, maybe to a month is like if you're looking at the data and you continuously to just look at not even the data, I guess, but it's the reports, it's the mass approvals inbound.
52:02
[SPEAKER_04]: This was a tweet from earlier this week, but we've talked about this on the pod, like I think every week for the last about three weeks, is there's all these little bread crumbs, the kind of it was, first it was the non approvals, they were kind of batching all these applications
52:19
[SPEAKER_04]: And we kind of like, oh, this is kind of actually a good thing, even though they're not passing them, they're batching them together and looking for a mass approval.
52:25
[SPEAKER_04]: Now you're looking for these batch together ETFs.
52:28
[SPEAKER_04]: And basically it leads us to our friends over at Bloomberg, being like, what did we create here?
52:34
[SPEAKER_04]: What is possibly on the horizon?
52:36
[SPEAKER_04]: because now there's all these applications for two X altcoin season, crypto ETFs, literally they're calling them the two X altseason.
52:45
[SPEAKER_04]: And it's culturally appropriate for crypto, but again, these type of applications with this type of leverage is just pure de-gen.
52:54
[SPEAKER_04]: And it's kind of like when we talk about on these finance channels and they try to steer clear everybody from, you know, the triple leverage NASDAQ or the two X Tesla,
53:03
[SPEAKER_04]: Like these things are they're dangerous products.
53:06
[SPEAKER_04]: There's a lot of leverage in them if you don't know what you're doing or how to trade them But the fact that they're now not only can you do it for these blue chip S&P 500 mag seven companies or even the NASDAQ as a whole We're creating leverage products for crypto projects that we're gonna trade on the on the stock market here and it's
53:27
[SPEAKER_04]: it's almost silly season like when we talk about oh like eventually when all coins season comes don't get caught up in the craziness of it like this again it's not live and it's not happening yet but these are the type of products that it could could be a good gauge for like all right it's getting a little out of control here
53:44
[SPEAKER_00]: Yeah, I mean, if you go down and you look at the the banter between Eric and James, who are two of the lead Bloomberg intelligence ETF analysts, you scroll down a little bit here, Tvo.
53:58
[SPEAKER_00]: Oh, sorry.
53:59
[SPEAKER_00]: I'm going to look at the wrong thing.
54:01
[SPEAKER_00]: And yeah, I mean they're like, I'm going to be honest, I don't even know what a two X alt-season was and then we have a two X alt alt season and they're going back and forth.
54:08
[SPEAKER_00]: What's an alt alt versus an alt season and you just have this funny banter and I, you know, they have it written on the screen here actually if you click on that picture that's in the center.
54:20
[SPEAKER_00]: This one.
54:20
[SPEAKER_00]: Go and they explain the difference between these.
54:22
[SPEAKER_00]: Yeah.
54:23
[SPEAKER_00]: And so there's three, there's three different products that were listed as you had a crypto
54:30
[SPEAKER_00]: Exposure ETF.
54:32
[SPEAKER_00]: crypto market cap exposure and altcoin exposure and then an alt alt season exposure and an alt alt season is referring to the low market cap picks.
54:42
[SPEAKER_00]: So they're getting two x leverage versions of crypto exposure, two x leverage version of altcoin exposure and then two x leverage versions of low market cap altcoin exposure which we all know like mid to low market cap crypto currencies are like the most volatile products in all of the equities markets and everything.
55:01
[SPEAKER_00]: And now we're giving those 2x long exposure, which is a bit crazy.
55:06
[SPEAKER_00]: And so it kind of begs the question, like, what have we created?
55:10
[SPEAKER_00]: What are we giving retail traders access to by multiplying all the existing volatility by two after what we've already seen?
55:19
[SPEAKER_00]: So the thing is, you know, these are not spot ETFs.
55:23
[SPEAKER_00]: That's one thing I wanted to clarify is that these are not spot ETFs, which is
55:28
[SPEAKER_00]: Probably for the best, but you know, I mean, again, there's demand for this stuff.
55:34
[SPEAKER_00]: I think it's pretty cool and something to kind of consider.
55:38
[SPEAKER_00]: So you're going to be getting crypto market cap ETFs, all coins using ETFs.
55:43
[SPEAKER_00]: And now you're going to be getting these quote unquote alt alt ETFs for mid-to-low market cap picks.
55:49
[SPEAKER_00]: So yeah, all these are going to have two exploratory, I got to be honest.
55:52
[SPEAKER_00]: I don't know.
55:54
[SPEAKER_00]: I'm going to trade any of these, but you say that now.
55:59
[SPEAKER_00]: I say that now, ask you again at the peak of the cycle.
56:02
[SPEAKER_00]: The day I say I'm degenerating these is the peak of the cycle.
56:05
[SPEAKER_04]: Yeah, something to stay up prized on, you know we're going to cover it, but yeah, this, this kind of scares me a little bit.
56:11
[SPEAKER_04]: You mean you love leverage?
56:13
[SPEAKER_04]: We play in these pools.
56:15
[SPEAKER_04]: But, and you could, if you don't know what you're doing, and I think that's kind of our mission, right, as Crypto 101 and educate and create our community, it's like, for the average people that aren't doing the education and opening up a coin base or a crack in Gemini, Robin Hood, and learning how to buy a spot, even just through that, that's the most simple thing, and then, you know, the next step is getting, you know, the hot cold wallets and doing that more defy and trading through the decks is, you know, that's another level,
56:44
[SPEAKER_04]: But giving them exposure to some of these low caps on a two X just for a couple clicks, it's like you're not really going through the process of learning this is very casino type energy and and there's a there's a place for that for sure, but just be careful out there and definitely stick to crypto 101 to stay educated and learn where these things are going to be trading and again, this is just kind of the official process of the application, but yeah, this is this big big casino energy here.
57:14
[SPEAKER_04]: Speaking of just big energy in general, I was keeping in tune to this.
57:21
[SPEAKER_04]: These two going to an event together was really exciting for me and I kind of had a nice little tweet here.
57:29
[SPEAKER_04]: I was like, you know, when you grow up and you learn the Avengers aren't real and Santa Claus doesn't bring presents and the two ferries and magical.
57:36
[SPEAKER_04]: but today we had two days adults we had two real-life heroes get together that are trying to take us to the moon and again there's everybody's always pitting out on a bitcoin maxi ethereum bitcoin ethereum you know they're fighting each other tomlies abandon bitcoin because he's always been a big bitcoin bull i thought this was really awesome to see them together
57:56
[SPEAKER_04]: I also know that Dan Ives, who we talked about for a world coin, was also at this event.
58:02
[SPEAKER_04]: And I'm trying to get to somebody who is at this event on the podcast.
58:06
[SPEAKER_04]: I'm working on it, I'm working on it.
58:09
[SPEAKER_04]: It would be awesome to hear from them to hear what they discussed and the ideas that we're talked about.
58:14
[SPEAKER_04]: But even though these kind of two are on different paths for an Ethereum treasury, there's a big coin treasury, I thought it's really cool to see them all together in a small kind of knot.
58:23
[SPEAKER_04]: Again, this wasn't a big press event.
58:25
[SPEAKER_04]: These kind of pictures, I don't say they were leaked.
58:27
[SPEAKER_04]: I don't think it was like a secret event by any means, but it wasn't some big press conference and giving speeches in front of a conference and all that stuff that we see those clips all the time.
58:37
[SPEAKER_04]: This was a specific smaller group, a working group, that's planning the future of the regulations and where they want this industry to go.
58:45
[SPEAKER_04]: And so I was pretty excited to see that and to see these two together.
58:51
[SPEAKER_00]: Yeah, I mean, you're talking about essentially the later of the Bitcoin treasuries and then the later of the Ethereum treasuries, and two just forces to be reckoned with.
59:04
[SPEAKER_00]: And they have a big respect for one another, which you can appreciate, right?
59:07
[SPEAKER_00]: You know, I think they both understand that there are other valuable assets out there.
59:13
[SPEAKER_00]: I think Sailor secretly does acknowledge Ethereum is very useful in having a case.
59:17
[SPEAKER_00]: And Tom Lee clearly likes both Bitcoin and Ethereum, but they have narratives.
59:21
[SPEAKER_00]: You know, Michael Sailor believes Bitcoin is like the biggest opportunity moving forward.
59:26
[SPEAKER_00]: Tom Lee believes that there's probably more opportunity and upside-down Ethereum.
59:30
[SPEAKER_00]: you know we kind of come in the middle here and we say why choose one of the other I think both can benefit from this and like both both are going to be successful I think there's a world where Bitcoin, Ethereum, Solana, a handful of cryptos are all going to be working alongside by side.
59:49
[SPEAKER_04]: yeah I couldn't agree more and I had a cool clip of sailor but we're already at the hour here and I want to dive into some more we left some people on the burner with some questions so I have a cool clip of sailor explaining how he creates his financial products
1:00:05
[SPEAKER_04]: a little teaser for next week again that's not time sensitive we'll bring that to you next week um we had some people burning if you want to pull up the charts we have a couple more uh we appreciate you guys being us with the with the hour here being with us for the full hour we're going to jump back into some technical analysis because today is our technical analysis episode of Brendan
1:00:22
[SPEAKER_04]: Please give us a like if you've been with us the whole entire hour or if you're new click that like button We really really appreciate it.
1:00:29
[SPEAKER_04]: It helps us grow subscribe to this channel for more awesome episodes And we're gonna finish up with some TA remember if you're interested in being in Brendan's TA course Check the link below.
1:00:39
[SPEAKER_04]: It's the first link I put it there for you
1:00:41
[SPEAKER_04]: again, if you want to learn the charts and then do live trading with Brendan like this twice a week, check that link for more information.
1:00:48
[SPEAKER_04]: But more on the request, we had Jack, our friend Jack is looking for OP, a little quick hitter on OP Brendan.
1:00:57
[SPEAKER_00]: Yeah, you know optimism is one that
1:01:00
[SPEAKER_00]: hasn't been doing too too well.
1:01:02
[SPEAKER_00]: We were talking and I think we are going to talk a little bit more about base and their new token.
1:01:06
[SPEAKER_00]: We talked about it on Tuesday.
1:01:08
[SPEAKER_00]: Listen, I think base has stolen the show when it comes to layer 2's.
1:01:11
[SPEAKER_00]: Base has just dominated the layer 2's space, and I think that's where the majority of attention is now.
1:01:18
[SPEAKER_00]: Now,
1:01:19
[SPEAKER_00]: Optimism is still here, but it can use zoom out and the chart's gnarly, man.
1:01:23
[SPEAKER_00]: The chart's really gnarly.
1:01:25
[SPEAKER_00]: This thing was at five bucks.
1:01:27
[SPEAKER_00]: It's now still down 84% from its highs.
1:01:31
[SPEAKER_00]: Really no convincing signs of recovery so far.
1:01:36
[SPEAKER_00]: I think they have a good product and service and stuff but when it comes to the chart itself, it isn't looking good, you know, not anything convincing since April, they fall into lower lows since their April bottom and they're only up about 48 percent and they've just been kind of going sideways and barcoding for a while so not too fond of this chart and I'd be looking elsewhere personally.
1:01:59
[SPEAKER_04]: Let's go to Jason.
1:02:01
[SPEAKER_04]: I know this was one me and you liked them.
1:02:03
[SPEAKER_04]: We kind of faded away from it kind of more in the recent year.
1:02:06
[SPEAKER_04]: I am X.
1:02:09
[SPEAKER_00]: Yeah, IMX is a similar boat where gaming itself has been a sector that has been hit really, really hard.
1:02:16
[SPEAKER_00]: People realize that the end product was farther away from being finished than people anticipated a couple of years ago.
1:02:24
[SPEAKER_00]: And so with kind of that date being pushed out, gaming was kind of pushed to the back burner.
1:02:28
[SPEAKER_00]: People saw a lot more exciting and...
1:02:33
[SPEAKER_00]: Essentially, just people saw more success and stuff happening in a lot of different sectors, like D-Fi, like AI, like stablecoins and tokenization and all these different areas.
1:02:45
[SPEAKER_00]: And they started to get the most attention and gaming kind of faded out.
1:02:49
[SPEAKER_00]: Now I am X is breaking out here.
1:02:51
[SPEAKER_00]: It's a really strong, clean breakout.
1:02:55
[SPEAKER_00]: And this is a good thing to see.
1:02:57
[SPEAKER_00]: I know that they've had some big announcements here about their mobile gaming side of things.
1:03:01
[SPEAKER_00]: But this is a pretty convincing rally.
1:03:02
[SPEAKER_00]: About a 100% move to the upside in the last two and a half weeks, which I like to see.
1:03:09
[SPEAKER_00]: It's back above the 200-day moving average, which we have seen before.
1:03:12
[SPEAKER_00]: So it's not going to cause me to get my hopes up because we've kind of seen it rally above here before and then fall.
1:03:18
[SPEAKER_00]: And then rally above here before and then fall.
1:03:21
[SPEAKER_00]: And now we're doing again.
1:03:22
[SPEAKER_00]: So I'm not going to completely get my hopes up with IMAX.
1:03:26
[SPEAKER_00]: This is one of those projects that, again, it has struggled.
1:03:31
[SPEAKER_00]: It's on the weaker side.
1:03:32
[SPEAKER_00]: I like this reversal that looks strong.
1:03:35
[SPEAKER_00]: Just my fear here is that...
1:03:38
[SPEAKER_00]: It could lose all of this, like it has the past couple of rallies, so you're definitely playing into a name that has historically been weaker over the last year or two in the trend has not been its friends.
1:03:50
[SPEAKER_00]: I hope that this can be a sign of reversal for an appointment of reversal because I am actually always one of my favorite projects when it came to gaming.
1:03:59
[SPEAKER_00]: I think that they were one of the groups that did it the best.
1:04:02
[SPEAKER_00]: It wasn't really a matter of IMX failing.
1:04:04
[SPEAKER_00]: It was a matter of just attention going elsewhere.
1:04:07
[SPEAKER_00]: So, still probably when it comes to the gaming space, probably still one of my favorites.
1:04:12
[SPEAKER_04]: Yeah.
1:04:12
[SPEAKER_00]: You just have to understand it.
1:04:13
[SPEAKER_00]: Beaker.
1:04:14
[SPEAKER_00]: Yeah, beaker.
1:04:15
[SPEAKER_04]: It's part of the narrative game, right?
1:04:16
[SPEAKER_04]: Let's do Tochi.
1:04:18
[SPEAKER_04]: Can we throw up Tochi that's for James?
1:04:22
[SPEAKER_00]: Yeah, this one was crushed in it here.
1:04:27
[SPEAKER_00]: So it's coming back down.
1:04:28
[SPEAKER_00]: They had a coin listing on another exchange and this caused them the pump over 100%.
1:04:34
[SPEAKER_00]: It is coming back down.
1:04:35
[SPEAKER_00]: Now, the thing about exchange listings is that they're typically these short-term opportunities and I don't tend to use them as long-term catalysts.
1:04:44
[SPEAKER_00]: So when this pump up about 100%, I would have been probably looking at some profit taking.
1:04:49
[SPEAKER_00]: As it's coming back down, I think in a best case scenario, you kind of want to see it use the ceiling of this range of support, so I really don't want to see this fall too much below seven and a half, what is that you know, that is like
1:05:04
[SPEAKER_00]: 700ths of a send, seven and a half hundreds of a send or whatever that is, but I really don't want to see it come too much below here.
1:05:10
[SPEAKER_00]: You kind of want to see the top half of this previous consolidation zone used to support.
1:05:16
[SPEAKER_00]: So you kind of want to see the top half of this active support and you want to see it bounce over here.
1:05:20
[SPEAKER_00]: So far, it's a pretty nasty and aggressive selling opportunity.
1:05:25
[SPEAKER_00]: It peaked out on Wednesday.
1:05:29
[SPEAKER_00]: sold off, sold off all of Thursday, it's sold off all of Friday so far, and there's no signs of a balance.
1:05:35
[SPEAKER_00]: So again, a little bit rough, but it kind of goes back to the original thought of like the large caps are seeing a lot of the benefit here.
1:05:45
[SPEAKER_00]: And the whole crypto market's read on the day today as we're kind of coming back to the downside a little bit, but,
1:05:51
[SPEAKER_00]: Yeah, I don't know.
1:05:52
[SPEAKER_00]: Again, this is another one.
1:05:53
[SPEAKER_00]: I'd say, hey, you know, it just had a big news catalyst from these listings.
1:05:57
[SPEAKER_00]: I'd want to give it a little bit of space and I don't want to catch a knife.
1:06:00
[SPEAKER_00]: I like the place support.
1:06:02
[SPEAKER_04]: Couldn't agree more.
1:06:04
[SPEAKER_04]: Last crypto one is going to be suy, Josh, or friend Josh is looking at SUI.
1:06:12
[SPEAKER_00]: Okay, so this is one that I actually really, really like the chart on.
1:06:17
[SPEAKER_00]: When we look at Sui here, was coming off of a really strong rally as we could see, hit the peak, came back in, and found a really nice base back in April.
1:06:28
[SPEAKER_00]: And so ever since then, we've seen it kind of climbing up over here over 100% and we kind of hit the same high around $4 and
1:06:37
[SPEAKER_00]: was this 20 cents, come down to a higher low, came back up to the same point, came back down to a higher low, and we're rallying off of this, and you already know what I'm going to say, that this looks like an ascending triangle in here.
1:06:50
[SPEAKER_00]: And so I like the fact that we're making a higher lows into a flat level of resistance.
1:06:54
[SPEAKER_00]: It has conquered this 200-day moving average, very clean bounce here, another very clean bounce here.
1:07:00
[SPEAKER_00]: I think as this comes down into any of the moving averages down here, towards the lower half of three bucks, I still kind of look at this thing as an opportunity.
1:07:09
[SPEAKER_00]: The big resistance is around $4.20 to $4.30.
1:07:11
[SPEAKER_00]: If it breaks through that, I think $5.30.
1:07:18
[SPEAKER_00]: is kind of the big resistance point that it has to look forward to.
1:07:21
[SPEAKER_00]: But I like this thing.
1:07:23
[SPEAKER_00]: This is something that I've actually been getting exposure to towards the lower end of three box and building the exposure because I think it has some room to the upside once you get some of these mid-caps running a bit more.
1:07:34
[SPEAKER_00]: So I think this is one that's worth keeping an eye on.
1:07:37
[SPEAKER_04]: All right.
1:07:38
[SPEAKER_04]: I know I am.
1:07:38
[SPEAKER_04]: All right, we got.
1:07:41
[SPEAKER_04]: three more I'm cutting off no more requests no more requests for Brendan we can't we have to do Ryan our guy Ryan literally the number one comment we do our channel he threw in doge the dog pull up the dog on a Friday
1:07:54
[SPEAKER_00]: The doge coin, they just had an ETF approval.
1:07:59
[SPEAKER_00]: Now, it is not a spot ETF approval.
1:08:02
[SPEAKER_00]: There's a difference here.
1:08:03
[SPEAKER_00]: But doge coin did have an ETF approval, and so they're going to be getting a listing.
1:08:08
[SPEAKER_00]: This caused the token to go through the roof over here.
1:08:10
[SPEAKER_00]: We saw it kind of just destroy the zone to the upside.
1:08:14
[SPEAKER_00]: And it's been going, I mean, look, we actually already had the resistance point plotted out.
1:08:18
[SPEAKER_00]: So by doing some technical analysis here, I was plotting the prior highs together.
1:08:22
[SPEAKER_00]: and that brought us very, very well to where we topped out at on Saturday.
1:08:29
[SPEAKER_00]: So,
1:08:30
[SPEAKER_00]: We hit this point again, we're coming back down in here.
1:08:33
[SPEAKER_00]: I'd like to start to see this find some support.
1:08:35
[SPEAKER_00]: You have a little bit around 26 cents, but you have the big support once you get closer to 23 to 24 cents down in here.
1:08:42
[SPEAKER_00]: So I want to be surprised again if this sees a little bit more downside, but I can't argue against this chart too much.
1:08:48
[SPEAKER_00]: I mean, you look at it since April, it's hit kind of the low point, and then you have the high.
1:08:53
[SPEAKER_00]: Then a higher low, higher high, higher low, higher high.
1:08:56
[SPEAKER_00]: And it's in a nice little trend here.
1:08:58
[SPEAKER_00]: So I can't hate this too much, but the way that I would want to play it is just say, hey, we know it kind of comes from the lows to the highs, I would want to play it like this, and that would unfortunately mean that there's the potential for a little bit more downside before another longing opportunity, but not a bad looking chart.
1:09:14
[SPEAKER_04]: a little teaser there got Brian and Joe coming on with me on Tuesday and then again we're going to do the team episode next Friday but since Brendan's giving us so much extra time today we're going to give him a break I believe next week unless there's some crazy breaking news that I need you for but we're putting in the overtime for you today Alex our friend Alex is asking for radium radium haven't I haven't talked about radium in a while we haven't but uh
1:09:40
[SPEAKER_00]: You know, kind of similar story.
1:09:42
[SPEAKER_00]: This one over here is a really big trend line.
1:09:44
[SPEAKER_00]: If we go back to its initial breakout towards the start of this year, I mean, man, it was bouncing off $4.
1:09:50
[SPEAKER_00]: Time, time, and time, and time again.
1:09:52
[SPEAKER_00]: All in here, when we broke below this, rejected it in May, came back down, rejected it again over here in August, rejected it again towards September.
1:10:02
[SPEAKER_00]: And we had a hard time with this.
1:10:03
[SPEAKER_00]: I mean, it's a huge support zone that's turned into resistance.
1:10:07
[SPEAKER_00]: And so far, that resistance zone is holding.
1:10:09
[SPEAKER_00]: So I'd say for anyone that's interested in radium, watch the $4 level, because that's a pretty important point.
1:10:16
[SPEAKER_00]: Now, it's also at a little bit of a support zone here.
1:10:19
[SPEAKER_00]: We've kind of seen a climbing this smaller support line around the 50-day moving average.
1:10:24
[SPEAKER_00]: It seems as if it's going to break a little bit of structure here.
1:10:28
[SPEAKER_00]: So if structured does crack to the downside, you could probably see this retrace back to around $2.60, so that could be another thing to keep an eye out on.
1:10:38
[SPEAKER_00]: You get a little bit of descending triangle action here, where you have these falling levels of support into a flat level of, or falling levels of resistance into a flat area of support, and a little bit of pressure that's building towards the downside, so.
1:10:52
[SPEAKER_00]: That's just kind of be careful a little bit with that one.
1:10:56
[SPEAKER_00]: Pretty convincing rallies off the low here T evo, you know up over 130% could be due for a little bit of a pullback, but Could definitely have a buying opportunity out of something like that awesome.
1:11:07
[SPEAKER_04]: Well Alex was throwing that in the chat nonstop Alex hope you enjoyed that please like and subscribe first time I'm seeing you in the channel.
1:11:13
[SPEAKER_04]: So hopefully we'll see you again
1:11:15
[SPEAKER_04]: And then last one, truly the last one, Brendan.
1:11:19
[SPEAKER_04]: It's from your personal friend over here, Mr. Tevo.
1:11:22
[SPEAKER_04]: I need to see bitmind.
1:11:24
[SPEAKER_04]: I need to see Tom Lee's bitmind.
1:11:27
[SPEAKER_04]: What are we doing?
1:11:28
[SPEAKER_04]: Are we given a nice base?
1:11:30
[SPEAKER_04]: Are we looking for, are we following kind of, I know it's a newer ticker, so we don't have too much history, per se.
1:11:36
[SPEAKER_04]: But did we find our bottom there after that big rip and then a bigger dip and then a nice little recovery there?
1:11:42
[SPEAKER_04]: Are we getting excited for the ETH play?
1:11:46
[SPEAKER_00]: I think it is, man, I've seen a lot of people get excited about this.
1:11:50
[SPEAKER_00]: Listen, I also am a fan of Tom Lee, if everyone doesn't know by all the times we reference him.
1:11:56
[SPEAKER_00]: I look up to the guy.
1:11:56
[SPEAKER_00]: I think it's...
1:11:58
[SPEAKER_00]: If there's anyone that I believe in, that can make a treasury successful, it's him.
1:12:03
[SPEAKER_00]: So I like this.
1:12:04
[SPEAKER_00]: I mean, and you look at it.
1:12:05
[SPEAKER_00]: Clearly, it had this big exciting rally when it, this all got announced.
1:12:10
[SPEAKER_00]: But then it came back down to a more normal price around 30, and it rallied up.
1:12:14
[SPEAKER_00]: And now we're starting to see higher lows.
1:12:16
[SPEAKER_00]: So I like this.
1:12:17
[SPEAKER_00]: I think so long is a bit more in bit mine holds.
1:12:19
[SPEAKER_00]: This idea of rally, higher low, rally, higher low,
1:12:24
[SPEAKER_00]: I think it's in a decent spot.
1:12:26
[SPEAKER_00]: So it's going to be volatile.
1:12:27
[SPEAKER_00]: We know that treasuries tend to always be more volatile versions of the underlying assets that they support.
1:12:34
[SPEAKER_00]: So I don't expect that to go away.
1:12:36
[SPEAKER_00]: But I mean, for full transparency, I mean, I have exposure.
1:12:39
[SPEAKER_00]: I think you knew as well.
1:12:40
[SPEAKER_00]: I think, oh, yeah.
1:12:41
[SPEAKER_00]: Probably both have exposure to Bitcoin.
1:12:43
[SPEAKER_00]: And I have been looking to accumulate that mine on dips.
1:12:48
[SPEAKER_00]: just for my own personal portfolio and get a little bit of exposure to it.
1:12:53
[SPEAKER_00]: So, I mean, I'm liking the chart so far and higher lows off of a point like this is a good thing to see.
1:12:59
[SPEAKER_04]: Not personal financial advice for anybody just a couple friends talking crypto and apparently stocks and treasury companies.
1:13:06
[SPEAKER_04]: I said this in our chat one day we were talking about it with the team and I was like listen there's all these clips and we've played the clip of Tom Lee you know what was it 12 13 years ago whatever it was and he was just saying you know you know yeah you know 1% exposure to Bitcoin's probably not a bad idea and it was like $3,000 a Bitcoin
1:13:24
[SPEAKER_04]: and he got ridiculed on on the desk live on TV, ridiculed and said, hey, you're you're putting investors in a bad position.
1:13:30
[SPEAKER_04]: This is terrible advice.
1:13:31
[SPEAKER_04]: You should be ashamed yourself and, you know, now look, look where we are.
1:13:35
[SPEAKER_04]: And how right he was.
1:13:36
[SPEAKER_04]: And so I was kind of telling you guys, I was like, listen,
1:13:39
[SPEAKER_04]: You know, I was trying to do the best research I can and, you know, obviously the Ethereum research leads into bit-mind research and the Treasury company research, but there's kind of a play here where I don't want to be 10 years from now looking back at all this stuff that we covered nonstop on this podcast of Tom Lee launching and Treasury Company and it absolutely going to the moon.
1:14:01
[SPEAKER_04]: And I wasn't involved.
1:14:02
[SPEAKER_04]: I can live.
1:14:03
[SPEAKER_04]: I can live with the downside risk.
1:14:05
[SPEAKER_04]: You know, again, it's not you got it.
1:14:07
[SPEAKER_04]: You got it.
1:14:07
[SPEAKER_04]: I versed five and you can't have all your eggs on one basket, but I can live with the downside risk of this play because I won't be able live with myself.
1:14:15
[SPEAKER_04]: If 10 years from now, this thing goes to the moon and I'm like, that me and Brendan covered this for six months a year before I caught on and I didn't get involved.
1:14:24
[SPEAKER_04]: So super excited to just kind of do this with you and I think it's really fun to dive into all the stuff with you with the other team with the community here on YouTube, Ryan Ryan gave us a super chat, a $10 super chat man Ryan, we really appreciate you know that.
1:14:40
[SPEAKER_04]: And everybody else that's been here tossing likes and subscribes, we just really do appreciate it.
1:14:46
[SPEAKER_04]: And if you enjoyed that technical analysis session, it's the last time I'll mention it.
1:14:50
[SPEAKER_04]: There's a link below.
1:14:51
[SPEAKER_04]: If you want to get access to Brendan's course, again, it's six weeks plus live trading within two times a week.
1:14:58
[SPEAKER_04]: Basically what we just did, if you want more of that, check out that link below.
1:15:01
[SPEAKER_04]: Brendan, any final thoughts?
1:15:03
[SPEAKER_04]: I'll close it up because you led the team today.
1:15:05
[SPEAKER_04]: You cared us on your back, but wanted to give you any final thoughts and then I'll wrap it up for you.
1:15:12
[SPEAKER_00]: Uh, dude, nothing too crazy.
1:15:14
[SPEAKER_00]: It's just that a list and a lot's going on.
1:15:16
[SPEAKER_00]: The one thing that we say is like, hey, again, we're very excited about the long-term here.
1:15:21
[SPEAKER_00]: I don't want people to be too focused on.
1:15:24
[SPEAKER_00]: what happens right now what happens today what happens tomorrow we have that saying of one in doubt zoom out and we're going to see volatility in the crypto market that's a natural part of this thing it's not going to go away but the way that i view this is again i'm looking at these big depths is buying opportunities and i think clearly the fundamentals align with the technicals here we're seeing all sorts of good news and we're entering into what is
1:15:48
[SPEAKER_00]: the two best months of the crypto market.
1:15:50
[SPEAKER_00]: And so I think it's hard to not be a little bit excited and optimistic about this.
1:15:55
[SPEAKER_00]: Obviously, fact check everything we say.
1:15:57
[SPEAKER_00]: We put it on the screen itself, but do your own research.
1:15:59
[SPEAKER_00]: I mean, I think the more research that everyone does individually, the better of an understanding that you're going to have and probably the more excited that you're going to get.
1:16:07
[SPEAKER_00]: So lots of good stuff out there.
1:16:09
[SPEAKER_00]: Pretty stoked to do it.
1:16:10
[SPEAKER_00]: And hopefully the best is yet to come.
1:16:13
[SPEAKER_04]: Couldn't agree more.
1:16:15
[SPEAKER_04]: Thank you everybody for spending your Friday afternoon with us last call.
1:16:18
[SPEAKER_04]: If you haven't done yet, excuse me.
1:16:20
[SPEAKER_04]: Hit the like, subscribe next week.
1:16:22
[SPEAKER_04]: We'll see what the news flow is.
1:16:24
[SPEAKER_04]: You know, we'll sometimes we'll do three episodes.
1:16:25
[SPEAKER_04]: Sometimes we'll do two, but I can say that we are doing a prepare for October one week from today Friday afternoon.
1:16:32
[SPEAKER_04]: We're going to try and get hopefully the whole team together, obviously some schedules might change so I can't promise you that everybody will be here but as of now that is what I'm aiming for next Friday the entire crypto 101 team topped a bottom and then we need a little meme coin update Brian and Joe have then cooking man they've been absolutely cooking over there and everybody's enjoyed those episodes so we're going to do one of those on Tuesday I'll put the schedule out in our community
1:16:57
[SPEAKER_04]: Other than that guys, we really appreciate everybody spending their Friday afternoon with us.
1:17:01
[SPEAKER_04]: What a week it was with the Fed.
1:17:03
[SPEAKER_04]: The runways clear.
1:17:04
[SPEAKER_04]: We're heading into the fall.
1:17:05
[SPEAKER_04]: We're heading into October.
1:17:07
[SPEAKER_04]: We're looking to end the year pretty bullish and you're in the right place listening to the crypto one-on-one podcast.
1:17:11
[SPEAKER_04]: We really appreciate your time and we hope you enjoy your weekend.
1:17:15
[SPEAKER_04]: And we're going to see everybody next week.
1:17:17
[SPEAKER_04]: Bye everybody.