AUGUST 23RD OPENING BELL (Discord Members Exclusive)
Summary
TLDRThe transcript captures a lively discussion among cryptocurrency enthusiasts, focusing on market trends and predictions. The speaker expresses bullish sentiment on Bitcoin's weekly chart, suggesting an imminent upward move in the cycle. They analyze various technical indicators, discuss the impact of events like the FOMC meeting, and share personal investment strategies on coins like Base Pepe. The conversation also touches on the volatility expected after significant market events and the importance of watching price levels for potential breakouts or pullbacks.
Takeaways
- 📈 The speaker is optimistic about the current market trends, noting an uptrend and higher lows forming in the market structure.
- 📊 There is a focus on daily volume profiles and the importance of recognizing market trends, with an emphasis on trading with the trend rather than against it.
- 🚀 The speaker anticipates a potential significant price movement, suggesting that the market could 'blow the roof off' and experience a sharp upward turn.
- ⏰ The script mentions a specific time frame for market activity, with a countdown to a potential market event, indicating a sense of urgency.
- 🤔 There is a discussion about the preference for screen sharing versus charts being dropped, showing an interactive element in the decision-making process.
- 🔒 The speaker references a 'short hedge' strategy, indicating a protective measure taken in response to market conditions.
- 💡 The idea of 'vertical accumulation' is highlighted as a positive sign for the market, suggesting that there is underlying buying pressure that could lead to a price increase.
- 🔗 The correlation between Ethereum's performance and other cryptocurrencies, such as Brett, is discussed, with the notion that betting on Ethereum's movement can be applied to these other coins.
- 📝 The speaker provides a detailed analysis of Bitcoin and Ethereum's market structure, suggesting potential resistance levels and areas of interest for price action.
- 🧐 The importance of market structure and the potential for a trend reversal is discussed, with the speaker advising caution and observation for a definitive market direction.
Q & A
What is the general sentiment expressed by the speaker about the current market situation?
-The speaker expresses a bullish sentiment about the market, indicating that they believe the market is ready for a bullish trend and that the current price action is encouraging.
What specific time frame is the speaker discussing for potential market movements?
-The speaker is discussing potential market movements in the context of the current day's trading session and the upcoming weeks, with a focus on immediate resistance levels and key support areas.
What is the speaker's view on the impact of the FOMC meeting on the market?
-The speaker is cautious about the market's reaction to the FOMC meeting, warning not to be deceived by any short-term pumps into the FOMC and suggesting that such movements are usually not a good sign.
What is the significance of the speaker mentioning the Bitcoin weekly chart?
-The speaker highlights the Bitcoin weekly chart as being particularly bullish, suggesting that it indicates a long-term positive trend for Bitcoin and that such a high time frame chart holds significant weight in analysis.
What does the speaker suggest about the potential movement of Bitcoin in relation to the DXY index?
-The speaker suggests that a bounce in the DXY index from its range lows could lead to a similar bounce in Bitcoin, and if the DXY rolls over, Bitcoin could potentially move higher, possibly entering a phase of significant gains.
What is the speaker's strategy regarding meme coins like Base Pepe?
-The speaker's strategy is to hold onto meme coins like Base Pepe, with the expectation that they could experience significant gains, especially if the overall market environment is strong and supportive of such movements.
What is the speaker's view on the importance of daily closes in Bitcoin's price action?
-The speaker emphasizes the importance of daily closes in Bitcoin's price action, stating that closing above key resistance levels, such as 60.5k, can signal a bullish trend and is a critical indicator for future price movements.
What does the speaker suggest about the potential for a short-term pullback in the market?
-The speaker suggests that a short-term pullback is possible but emphasizes that it should not be mistaken for a bearish trend, as the overall sentiment remains bullish and any pullback could be an opportunity for further gains.
What is the significance of the speaker mentioning the ETH/BTC pair?
-The speaker is using the ETH/BTC pair to illustrate the potential for altcoins to outperform Bitcoin in the current market environment, indicating that movements in this pair could be a leading indicator for altcoin strength.
What does the speaker's reference to 'Hope or' signify in the context of market analysis?
-The 'Hope or' reference signifies a self-deprecating joke by the speaker, implying that despite their generally bullish outlook, they are not blindly hopeful but rather basing their analysis on technical indicators and market structure.
Outlines
😀 Greetings and Introduction
The speaker starts the video with enthusiastic greetings to the audience, mentioning various usernames and setting a friendly tone. They express hope for everyone's well-being and introduce the topic of the day, hinting at a possible screen share session to discuss certain charts or data.
📊 Preference Poll and Screen Share Decision
The speaker asks the audience whether they would prefer a screen share or charts being dropped. After receiving mixed responses, they decide to go with a screen share but also plan to take screenshots for clarity. They engage with the audience, checking if the screen share is working and confirming the recording status with Mr. Edward and Mr. Dev.
🚀 Market Discussion and Trend Analysis
The speaker delves into a market discussion, mentioning the impact of American market participants on crypto prices. They provide a humorous yet critical take on market dynamics, particularly around 9:30 AM Eastern Time. They analyze a TP chart, discussing the formation of higher lows and highs, and suggest a potential upward movement in the market.
🌐 Streaming and Technical Difficulties
The speaker addresses technical issues with streaming and decides to create a private stream for those unable to view on Discord. They provide a YouTube link for the audience to follow along. The speaker also comments on the American market's influence on crypto prices, using humor to lighten the mood.
📈 Market Structure and Trend Identification
The speaker discusses market structure, identifying uptrends and downtrends, and emphasizes the importance of trading with the trend. They use simple diagrams to illustrate their points and suggest that the market is in a healthy uptrend. The speaker also mentions vertical accumulation as a positive sign for the market.
💹 Bitcoin Analysis and Predictions
The speaker focuses on Bitcoin, discussing its recent performance and making predictions based on market trends. They mention a short hedge strategy and provide a local analysis of Bitcoin's movement. The speaker expresses optimism about Bitcoin's potential to 'blow the lid off' its current price range.
📉 Ethereum Discussion and Market Comparison
The speaker shifts focus to Ethereum, comparing its market structure to Bitcoin's. They discuss the significance of certain price levels and the potential for Ethereum to fill a CME Gap, which could lead to a price increase. The speaker also touches on the community's perception of Ethereum and its potential for future growth.
🧠 Strategy and Planning for Profits
The speaker outlines their strategy for taking profits, particularly focusing on tier-one listings on major exchanges. They discuss their personal approach to managing their portfolio and provide insights into their thought process behind holding or selling certain crypto assets.
📊 Fibonacci Levels and Market Predictions
The speaker uses Fibonacci levels to predict potential price movements in the market. They discuss the significance of various Fibonacci levels and how they might influence trading decisions. The speaker also provides a detailed analysis of Brett, a specific crypto asset, and its potential performance based on these levels.
📈 Andy Coin Analysis and Market Behavior
The speaker analyzes Andy coin, discussing its performance against Ethereum and other market factors. They mention Fibonacci Confluence and how it might affect Andy's price. The speaker also speculates on the potential market behavior and strategies for trading Andy coin effectively.
📉 Dogecoin and Market Dynamics
The speaker uses Dogecoin as an example to illustrate market dynamics, specifically the concept of bull traps and reaccumulation phases. They discuss how these patterns can be identified and used to predict future market movements.
💹 Fundamental Analysis and Portfolio Strategy
The speaker discusses the potential of fundamental analysis in crypto trading, comparing it to meme coins. They provide a technical analysis of a fundamental coin, suggesting potential entry and exit points based on chart patterns and market behavior.
🌐 Final Thoughts and Handover
The speaker concludes their discussion with final thoughts on the market and hands over to another speaker, Snorlax. They summarize key points from their analysis and express optimism about the market's potential direction.
📉 Market Outlook and Technical Analysis
The speaker, Snorlax, provides an overview of the current market situation, focusing on major cryptocurrencies like Bitcoin and Ethereum. They discuss the importance of breakouts and potential resistance levels, offering a cautious yet optimistic view of the market.
🧠 Deep Dive into Technicals and Strategy
The speaker, Tucker, offers a detailed technical analysis of the market, focusing on Bitcoin and Ethereum. They discuss various scenarios and provide specific price levels to watch for potential market movements. The speaker emphasizes the importance of not being deceived by short-term market fluctuations.
📈 Optimistic Market Outlook
The speaker, Louie, expresses a bullish outlook on the market, citing the Bitcoin weekly chart as particularly encouraging. They discuss various cryptocurrencies, including base Pepe, and provide their targets and expectations for price movements.
🌐 Market Commentary and Predictions
The speaker, Dr. Will, offers a market commentary, focusing on the potential deceptive nature of the market's reaction to the FOMC meeting. They discuss various technical indicators and provide a cautious outlook, suggesting that a shakeout may be imminent.
📉 Cautious Market Approach
The speaker, Tucker, provides a cautious approach to the market, discussing the importance of not being overly bullish at resistance or bearish at support. They analyze specific cryptocurrencies and provide key price levels to monitor for potential market movements.
📈 Final Market Insights
The speaker summarizes the market insights from the discussion, highlighting key points and providing a final outlook. They emphasize the importance of staying informed and prepared for potential market movements.
Mindmap
Keywords
💡Screen Share
💡Volume Profile
💡Market Structure
💡CME Gap
💡FIB Levels
💡Confluence
💡Reclaim
💡Liquidity
💡Meme Coins
💡Breakout
💡Shakeout
Highlights
Good morning greetings and well-wishes to the audience, setting a positive tone for the session.
Mention of potential market volatility due to American financial influences, providing insight into market dynamics.
Discussion on the preference for screen sharing versus chart drops, demonstrating engagement with the audience.
Screen share technical difficulties and solutions, showing adaptability in presenting information.
Analysis of Bitcoin's market structure, indicating a potential upward trend based on current patterns.
Explanation of the importance of the 2-hour trend line for Bitcoin, highlighting a key technical analysis tool.
Prediction of market behavior post-American market open, suggesting potential sell-offs and subsequent rebounds.
Investigative work on TP chart updates, showcasing an in-depth approach to market analysis.
Discussion on the impact of tier-one exchange listings on Brett, a cryptocurrency, and its potential price movements.
Comparison of Brett's performance against Ethereum, demonstrating the use of relative strength in analysis.
Fibonacci level analysis for Brett, providing specific price targets and potential market trajectories.
Strategy for profit-taking in cryptocurrencies, emphasizing timing and market conditions.
Debate on the role of fundamentals versus community in cryptocurrency valuation, offering diverse perspectives.
Technical analysis of Ethereum's high time frame view, suggesting a bullish stance despite short-term challenges.
Discussion on the potential of Ethereum to fill the CME Gap, indicating a significant price target.
Market structure analysis for a cryptocurrency, emphasizing the importance of trend identification and following.
Closing remarks with a summary of the day's market analysis and personal investment outlook.
Transcripts
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good morning
everybody good morning good morning hope
everybody is doing well hope everybody
has had a nice morning so far welcome
guys welcome
welcome good morning swaha good morning
W good morning the son of Doom good
morning nagar good morning Dixon mayaz
mayaz
good morning zeff good morning goose
good morning Frio good morning nooy good
morning Pepe dog good morning shees good
morning DP shees says today's the
day oh on a Friday brother I hope so
that usually never
happens uh brace yourselves cuz amera
sharts will [ __ ] on our charts that is a
guarantee brother that is a guarantee
you have 11 minutes until you die that's
it you have 11 minutes good morning
Clean Slate good morning MV good morning
megapixel good morning jaming good
morning
Guardian uh yeah happy jpw jhole
day today is a day for sure no question
guys all right all right all right good
morning
everybody good morning
everybody so let's
um let's dive right into it guys
and you know I feel like I might want to
do a little screen share today would you
guys prefer a screen share or would you
rather just have charts dropped
in I have an oh yeah and I have a hand
sign charts dropped okay a split
decision
here screen share I feel like
we're I feel like the screen share is
winning right
now screen screen share charts
drop all
right all right we we are going to go
screen share
but I will also take some screenshots
I'm just seeing a lot more screen shares
and it's Friday and it's usually a
smaller crew on Friday you know what I
mean
so we'll just screen share and we're
going to we're going to do some
investigative work together okay because
I've been hearing a lot of chatter my
screen is up um Mr Edward Mr Dev can you
just confirm that that is being recorded
and it looks
fine before I start
yammering green share looks
good I want to make sure
that all right let's just let's just
double check here real quick okay at Ed
we
good there is no jackass today
correct all right
Dev is
typing Gib one minute all right guys he
needs one minute we're going to give him
his
minute you can watch me dink around for
that minute
okay
okay don't know what that is
is D just ping me when you're ready and
then I'll uh then I'll
start we're good all right we are in
business so guys like I mentioned um you
now have eight minutes until you die
because the Americans are about to be on
the buttons okay and again I apologize
on behalf of all Americans everywhere
this is not us these are our Financial
overlords the Larry Finks of the world
uh the Jamie diamonds of the world the
Ken Griffins of the world this is not us
we are patriots trust me I'm shoving
okay I'm doing everything I can but I
don't have I don't have the Cavalry that
these gentlemen have all
right and they wake up and they're just
like excited to sell crypto so just keep
in mind that like you know every single
day um you know every day at 9:30
eastern time they like to wake up and
then sell all their crypto all right so
just keep that in mind all right but it
seems like we kind of sell off and then
we we bounce back a little bit
so all good all right little update here
on our TP chart guys we were watching
this one yesterday I don't know if we'll
hit it like if we do that's great right
if we do that's great all that really
matters
here on our TP chart which is just daily
volume profiles for
me I like this I like this I like this
and I like this right all you're
doing is just forming higher lows and
higher highs even if it's a chop Fest
even if it's grinding I think it looks
pretty
good okay I think it looks pretty good
Bitcoin is continually stair stepping up
um and before that by the way
we were in a little downtrend
right we were in a little downtrend so
we are now moving up right like this
is a downtrend and this is an uptrend I
know it's very
local I am
streaming
um I am
streaming uh now we got 120 people in
here you guys faked me out we had uh
yeah we had like 85 people and then
everyone jumped in here the people came
in
late
um man I hate that people can't that
people can't see
it stream the stream how do we stream
the stream besides doing the YouTube
thing
again I mean I guess I could just
quickly do the same thing I did
yesterday
today yeah give me a second guys I'm
going to make the I'm going to make the
private um private stream again here
hang
on one second and then you can you'll
keep your audio up and then you'll just
get the visual
um be unlisted create
stream hang on guys give me like 30
seconds 30 seconds
okay hang on share
screen
okay all right guys if you can't watch
it on uh Discord which I'm certain a lot
of you can't here's a YouTube link to it
okay I'm going to start it right now
it's private or unlisted so just it's
just people in the Discord
but you know what Omega Chad you know
what
bro all right I'm just going to make
sure that everybody can uh can see that
should be good we are up on
YouTube you should be able
to yep you should should be able to see
my
screen okay got to go ahead let's get
back to it so Americans wake up in three
minutes not going to be good I'm sure
they'll they'll nuke it we'll probably
go to like 41k I'm just kidding but we
are in a nice little uptrend within this
range right this is not the most
beautiful way to to explain it but um I
think it works right so we are in an
uptrend I like what I'm seeing um we
could maybe go about it another way um
you know something like this
right downtrend ends here and
then right so just observing Market
structure right it kind of makes me
think the next move is going to continue
up into this region right it's it's
really really quite simple and by the
way for if you ever feel like lost with
the market and you're just like I'm just
not getting like a good read on it right
now um I just really wish I could like
I'm just I'm just not seeing it how I
need to literally just do like a little
market structure thing like this just be
like okay like are we in an uptrend or a
downtrend and then you all and then just
basically from there just always trade
with the trend right like don't be the
guy that's like I'm going to call the
trend reversal you know like that's
that's a I've done that we've all done
that it's a dangerous game right so to
look at this and just be like yep you
know I'm going to I'm going to be the
guy I'm going to be the guy to call this
to call this shift right here before it
happens you know the the best way to to
go about this is if you want to you know
look for a a different play here and
don't want to follow the trend then just
wait for a break of structure like this
right wait for it to break down below
this low now we're in a downtrend and
then you would look to short the you
know the lower high right so anyways
we're in a nice uptrend that's the point
of me showing you this is like we are in
a nice uptrend um I think that things
look pretty good right there's
definitely some like volatility
suppression and and I would say price
suppression going on here but
additionally I look at this locally and
I say yeah this is this is some of that
vertical accumulation that we love to
see right we love to see that just like
that curl up and to me it feels like
they're going to blow the roof off of
this thing right
here it feels like they are going to
blow the roof off of this thing like
they are vertically accumulating right
here and this thing you're going to see
basically just like
a you know you're going to just see one
of these like you're just going to see a
boom just like that straight up
okay excuse me let me have some coffee
here
this is what it feels like to me you
know just like these methodical little
like like curl ups right here higher
highs higher lows equal highs kind of a
little flat top up here it feels like
you're going to get just feels like
you're going to get news or something
you
know it feels like you're going to get
like something's just going to like send
us straight up so we'll see I know I'm
getting a little bit local right but
that's kind of what you have to do when
when you're looking at this um given
that we've just been here for so damn
long I'm encouraged by the reclaim of
this 2hour trend um really simple if you
guys follow Trader
Mercury um he's got a really simple but
effective strategy and he uses this all
the time it's it's really simple okay
it's kind of similar to like a basically
a little market structure study right
are we in an uptrend or we in a
downtrend and as long as we've been in
this little range right here I mean
going back and sorry I didn't even
explain what these are these are 200
EMAs and 200 smas right and it's just
really simple you can put them on any
time frame and say oh on the 4H hour
time frame are we above or below like
our 200 candle Trend right really simple
to look at so all right New York is open
guys get ready for the nuke okay they're
going to sell all their crypto it's 9:30
eastern time but basically even going
back like here to May right like like
price has been respecting this two-hour
Trend like you're above it grinding
higher you're below it not good you get
back above it you move up you down below
it you nuke we've been suppressed by it
we have recently reclaimed it I
mentioned to you guys the other day this
was part of my you know Bitcoin short
hedge is when we lost this level right
here um and then we had the US
unemployment report like right here um
like first day of August or second day
of August whenever it was I don't even
remember at this point I was like all
right I'm looking basically for this
invalidation would be a reclaim of this
2hour trend and then this was the this
was the short hedge that I took right
we've basically since been you know we
been trying to get back above it since
finally I would say we've gotten back
above it and I would say like like we
just talked about we are in this nice
kind of structured uptrend curling
higher I view this as
they're going to blow the lid off of
this thing right here at some
point and as long as we are
in you know a structured uptrend right
here I would
expect something like this we've
reclaimed that you know that local 2hour
Trend
um I would expect some sort of pop like
this right I I really would I would
expect a pop we'll see when it comes um
but just looking at the trend I think it
looks totally fine all
right okay let's take a little higher
look at things right now and then we're
going to get into some more
specifics really simple guys like I am
looking at
this I'm looking at this as our range
right
here range
high range
low mid-range
really quite simple right here and then
of course you've got a couple just nasty
deviations right just make these red I
guess just put them as Supply it's not
but I like the red
color couple nasty little deviations
little shakeouts but I view this as our
range right here you've got a lot of
liquidity sitting above you guys like
you've got a lot of like highs that I
think need to be taken like this
like this level needs to get
taken some equal
highs more highs like all these highs I
don't need them on the chart but like
all these levels need to get taken in my
opinion and I and I think that they
will let's draw a little volume profile
on
here fix range volume profile
additionally notice what's kind of
knocking price down a little bit
here we have our F month value area
low make this green just so it's really
easy to
identify okay now let's zoom in a little
bit okay so here's our giant range
notice basically what we've been
vertically accumulating right underneath
let me just make sure I have my setting
settings correct on
this 68 you can maybe put it at 70 I
kind of like it at 70
better I've seen it done both ways
but yeah we've basically
been vertically accumulating after
reclaiming our range after a giant
ShakeOut right under our value area
low right so I feel like when I talk
about blowing the lid off of this thing
as we're curling up into it in my
opinion your you know your mid-range and
your point of control probably come
pretty quick so like this region right
here when you finally get above and back
inside this value area as we are slowly
curing up right you got a lot of air
until my opinion 65 to
67 all right you really do like you
could you know we could we could Mark
out you know we could Mark out like this
level potentially but I don't think
after this much curling you're going to
get much resistance at 63 like maybe for
a
pause
but I really think your your next big
levels are like up here you know 65 to
67 and then additionally looking at like
the local structure again looking at our
our fixed range volume profiles where
are
you here we
go as you guys know I've been using
these because we've been in such a tight
chop solidation we don't have any you
know daily naked point of controls
really up until this region right so
here's that one little potential stop at
64 I don't think it's going to be like a
63 I think I think you'll probably like
step
one you know like this region right here
and then after that you've got your
range point of control and a daily naked
point of control right up in here so
like when you break out of this in my
opinion this is what probably comes
quickly and I'll remove the uh
like these are your two levels and then
after that I think it's just straight to
Value area high and Range High okay but
in my opinion like this is your range
this is your reclaim and it it also kind
of feels like this to me it feels like
this region to me over
here you know and then you're just kind
of like you're just like you're just
kind of doing one of
these and you're just going to get one
of like just just a monster like that
right you're just going to get one of
these I think there's only so long Bears
have truthfully like I I think it's
going to happen pretty soon like the
structure is not
bearish um I understand the the like
concern and the Credence given to you
know the idea that this is a complacency
shoulder but something Tommy said
earlier this week or last week it was
like more ranging is bullish
and the more that this local range
develops the more bullish I do get on it
at least
locally so I think things look totally
fine I think that things look totally
fine and I am prospecting higher from
here
okay let's take a look at eth we were
looking at this yesterday I don't need
this anymore we
can just save this for
now eth has a little bit more work to do
certainly
um but like ultra high time frame view
on eth first
so let's soften this up a little
bit okay ultra high time frame view on
eth
like it's just really simple guys like I
just it it's tough for me to to want to
get bearish on something that that looks
like this I mean it's
just I mean this is just like a textbook
retest of a a bare market reaccumulation
right here
and it's it's tough for me to want to
get bearish this
like I know that like locally you know
we we can zoom in and and look at this
Market structure and go yeah you know we
we very clearly like you know this was
our range and now we're below it like I
I get that
um
but I just like we're still in an
uptrend like here here's the thing is
like I know I know that we've pulled
back but like we're still in like a high
time
frame uptrend you know and I know that's
not super helpful
because technically to break the uptrend
we would basically have to lose like 2K
or something like that
but I think it looks fine here you know
like as long as this level holds and
like such a wick you know we didn't even
have weakly acceptance below 2500 I know
we Wicked really low um but I think it I
think it looks totally fine right and
then just to like mess with your eyes a
little
bit like this doesn't exactly feel like
something I would want along long right
here you know like I wouldn't I wouldn't
be looking at this chart going yeah this
is time to get like Giga long this chart
right here this feels like it was like a
Burge it's like it's a Burge Khalifa
that's about to happen you know what I
mean like you had some weird
manipulation and you're about to just
like bur Khalifa the whole thing
um additionally like ultra high time
frame
guys this was was a big you know shift
of trend here on the weekly time frame
right up in
here like this was a big this was a big
break of trend cuz like you are in you
know right
here like you were in like a big
downtrend right like huge huge downtrend
and then you you shifted to an uptrend
but it was like a more local uptrend and
to get above
of that level from the bare Market in my
opinion was this was very very
significant like that was very very
significant
so we'll see how long it takes like eth
has a little bit more work to do but
like I wouldn't be I wouldn't be overly
discouraged
truthfully like I think here's the thing
too
so here's your eth CME chart right
here so we still have you know an eth
CME
Gap all the way up here to basically 3K
so we still have let me just do it like
this we still have this eth CME Gap
right here and that goes up to 3K so
that would take us on the ethusd chart
to
about right here okay so if we're
looking at this range and it's a cause
for concern for
you like this is how I'm looking at this
right now is that like this CME chart is
going to get filled like this CME Gap is
going to get filled and if we can fill
it
right and we do
this let's make's turn that back to
black that brings us back inside this
range and will allow us to do something
like Bitcoin is doing and curl up like
this
okay
like re acceptance back in the
range and do
this and eth may even happen quicker
right like eth has been known to to do
that just kind of goes
crazy right but you fill that CME Gap
you're back inside your
range okay you're very much so back
inside your range
so I wouldn't I wouldn't Overlook like
the CME Gap getting filled
right okay give me a second
guys okay all right so keeping an eye on
that I want e back in that range and I
think it's I think it's going to happen
but additionally like I think you're
going to overshoot the CME Gap right
like I think you're going to probably
fly up to like
3,200 and you'll probably retest
like this is probably what you'll retest
right
here like this
region you'll probably
retest you'll probably retest this
because this was the point of
origin of the selloff this is the supply
above head like all this right here is
just air this happens so
quickly that's air you're Supply is up
here between 3100 and
3400 and then you've got this kind of
Normie diagonal which like always plays
these things just always play it's just
it's crazy how they work but I like 31
to 3200 like somewhere up in
here and then you pull back and then
bang and then basically we're going to
look for you know a symmetrical
deviation range
Theory give me deviation to one side
you're going to get the same kind of
deviation to the other
side that's what I'm expecting
it's fully what I'm
expecting for
now but let's start with that CME
Gap um all right
let's so one thing I want to talk
about there's been a lot of discussion
about like Dino coins and fundamental
coins this is not one of them this is
Pepe the best tech on the
market
um all right let me just see some
questions and stuff first and then uh
we'll keep
going what is your plan for profits on
Brett personally leaning towards tier
one sex listings coinbase and binance
extremely likely at this point yeah I'm
just treating Brett like like anything
else in my portfolio like will be
selling Brett when eth BTC has rallied
for like three or four
months and whatever happens around it
that's great you
know someone asked me what my plans for
Andy were the other day uh I think it
was like
yesterday oh I can provide some I can
definitely provide some fibs yeah no
question I can definitely talk about
where I think it's going they're like
what's your plans for Andy and I was
like listen man my plans are real simple
hold on to it until eth BTC
rallies hold on to it to it until it's
in the billions and market
cap and then basically just try to get a
bunch of tier one listings that's it
that's the whole
strategy yeah
well it's it's really simple like crypto
these crypto projects are not a business
they don't do anything it's Forex it's
currency pairs that's all it is it's
like it's like asking what's uh what's
your plan for uh for the Euro you
know what's your plan for the US
dollar I don't know get more people to
uh to use it and spend it and hold it
and uh you know appreciate its stability
and how it trades against other
currencies and then make it more
accessible to the world that's
it these these projects don't build
anything there it's literally Forex
that's all it
is it's Community run it's like
Community run Forex pairs is what it
is it's like what's your plans for
Bitcoin my plans for Bitcoin is to hold
it that's my plans for Bitcoin what's
your plans for Pepe my plans for Pepe is
to hold it because it's a currency pair
it's a 4X pair that outperforms uh
outperforms its L1
eth all right
um yeah we can talk about we can talk
about Brett so I actually bought a
little bit more yesterday down here
um I think it's
possible if we got another eth ShakeOut
you could see this but I'm not really
expecting another eth ShakeOut so I'm
not expecting that I'm kind of expecting
this to
be in play basically like what
happened what happened to it uh in
May I already I talked about this before
and I've tweeted it but we'll just go
over it again real
quick so here's eth down below here's
Brett up top I mean look at
when you know look at when Brett went
crazy like so like eth marked up and
then Brett went
crazy so all you're doing here is you're
just waiting for eth to go crazy and
then Brett will go crazy it's super
super simple guys like people love to
over complicate this stuff all you're
doing I can't emphasize this enough and
I always say it you guys probably hear
me in your heads saying this over and
over again all you're doing is placing a
bullish bet on ethereum and just waiting
for eth to move but instead of pressing
the green button on eth you're pressing
it on Brett or Andy or Pepe or wolf
that's literally all you're
doing that's it I could show you a
hundred different examples of this just
like something waiting for eth to
move so like here it is
right eth goes
up 40% 38%
and from that same point Brett went up
600% it's really simple guys all you're
doing is just being bullish eth and then
just buying beta that actually is beta
right it's so
simple and then how high it goes will be
dependent on a lot of things right but
as long as you get some outperformance
which I think the stuff that we're in uh
you know you got a pretty good chance of
that
where do I think it could
go well for that we have to go to log
mode my
friend let's do some fibs let's see if
we can find some Confluence across the
board all
right okay
no not a ton of Confluence with fibs but
not
bad all right from what we have right
now I would say these are your these are
going to be your high time frame FIB
levels just to look out for like if we
go into price Discovery these are going
to be your high time frame FIB levels to
look out
for to start
right to
start this is going to be what you want
to look for 40 cents. 7 cents a buck 30
to begin
with assuming we go into price
Discovery
um and like look I love to use this oh
this is actually up from yesterday too
you could look at this this is what I
like the most about Brett like US dollar
pair great like whatever that's fine
everything in the US dollar pair doesn't
look great because eth's a piece of crap
right now but here's Brett eth right so
it's like we're bull flagging against
the eth pair even though eth is
literally in the dumps like that's
that's great news
right that's great great
news um here I was just going to show
you like this is my favorite example of
like high time frame FIB
interaction during a a bull
market so here
was salana last cycle and I'm only just
showing you this just to just to show
how like price can interact
with with
fibs throughout a
cycle just do this quickly
here so I'm just doing this quickly
but so you can see like these were
pretty close right pretty pretty close
um high low and then you can see here
like flip the
1.618 top at the 2.68 Global top at the
3618 like that was that was pretty solid
from Soul last cycle right like if you
were watching those fibs from the
initial range like that was that was
pretty sweet so you know the big
question here is like what's the initial
range I think you just look at all of it
right I think you want to look at all of
it and uh you know keep an eye on all
these fibs right when we really break
out of here you know like see what
happens I would kind of be in the camp
like gun to my head what happens like we
know for sure that these fibs are in
play here because we already had for
Brett like a perfect top at this
1.618 right here so that tells me like
this 2.68 is going to
be something's going to happen there and
then if things go crazy and we get a
longer cycle right you know you're 3.6
18 could potentially also be in
play like we'll see you know like I I
don't know it depends how high eth goes
if eth goes to
15K yeah like things are going to go
ridiculous oh I'm using log fibs log log
got to use log log you have
to log mode on your chart log mode on
fibs yeah let's uh let's look at Andy
I mean I already
have I already have Andy all set
here but yeah I mean Andy like I have so
much confidence like the fact that eth
is in the gutter like it is and Andy's
just chilling at like 70
million like that's so unreal like
that's just fantastic so here's the FIB
Confluence with Andy like it really
couldn't be much much more clear than
this so here's Andy and from our first
range right over here range high range
low when BB bought like right at the end
of this um we basically like marked up
little stop at the 1.618 but what's the
what's really cool about it is we topped
perfectly at the 2.68 and then also the
1.618 of this range right so FIB
Confluence that marked our all-time high
currently and now we've got more FIB
Confluence where we've got the 2618 of
this range which is right
here and we we've got the 1.618 of our
current range right so our next level of
FIB Confluence like perfectly the 2.68
and the 1.618 of our previous two ranges
are literally at the same level like
perfectly
perfectly like I could tighten this up a
lot you just wouldn't even be able to
see it like this little sliver this is
your high time frame level 1.35
billion when we break out that's going
to be a level like I I will literally
give you a guarantee that like as long
as we can get a breakout here from eth
and Andy gets sent which it should that
level that level is going to be one that
like so here's what's going to happen
with it I'm I'm going to tell you right
now here's what's going to happen it's
not going to be for me but here's what's
going to happen Okay we're going to
break out and everyone's going to front
run a billion it's going to stop at like
950 or 980 million or something like
that everyone's going to get blue
balled it's going to pull back 500 50 or
something like that and then you're
going to pop up like this and then
you're going to see one of these and
then you're going to see a
reaccumulation right down here back on
top
of Demand right
here and then the question from there is
after you've this will be a bull trap at
like 1.3 1.4 billion it's going to be
epic then it's going to pull back you
know 500 million or something like that
and then the question is how long does
the cycle last and how high does eth go
and if that happens then you make that
next push to 5 billion which is your
next set of FIB Confluence the two 3618
which again are like perfectly lined up
from our first ever initial range way
down
here and the second range is 3.61 a like
so much FIB Confluence here five billion
right so that's the
question you can't see the charts uh
yeah check out the um check out the
YouTube link if you can't see it in here
in the
Discord the the the YouTube link should
be right up
top you should just scroll up in the
chat and you can see it you can see it
on YouTube okay I'll keep going and like
uh this this little move right here
right you see this kind of Little Bull
trap all the time guys like this is this
happens all the time
um I'll show you what I'm talking about
here so let's go over even recently
right like let's go to actually no let
me let me use Doge as an example
okay we see these kind of
moves all the time like this is like the
ultimate distribution move and you see
it time and time and time again and you
have a guarantee that we will see
something like that
look here was Doge last cycle look at
this look at
this Spike up you pull back you go on
you bull trap the high right and then
you enter a
reaccumulation right and then this is
what I was talking about where it's like
then you come back you know and you test
demand and then the question is like how
long does the cycle go and can you go up
again and then look at what happens over
here
right here's
Doge pop up again another bull trap
right same thing you pull back bull trap
the high and then the big question is
like okay can you can you hold demand
after you you know after you pull back
and here clearly you can see we tried
but then the cycle came to an end right
and we just kind of fell into demand
invalidated it and then the cycle was
over so it's like when I look at
something like you know something like
Andy right I'm I'm telling you like
you're going to see the same kind of
moves that we see with we saw it over
here too look at look at what we saw
over here with Andy we did see this
already the same kind of move where you
pop up aggressively you know you bull
trap the high and then you come down you
know we've we've seen that we've seen
those kind of moves it happens all
across the board so like you're going to
see that up here when eth finally
decides to start moving you're going to
see that you know front run one a
billion pull back to 500 or 600 Max is
going to work hard to get Andy listed on
pers at 500 million after this pullback
then I'm going to 50x leverage long this
at demand to this next FIB Confluence
area 1.3 1.4 billion we'll pull back
retest demand um and then we're going to
we're going to try our best for 5
billion
but like that's that's the Playbook guys
like this is it this is this is the
Playbook what are my plans with Andy
this is it and
then I don't I don't know if I'll be
able to sell it you know like I just I
just don't think I can like I think a
good goal for me would be like get it to
a point where it's so big that even
during like a 80% pullback it's still
just a fat bag that I can just hang on
to um cuz I think if I sell it I think I
think even I think logically like I
think a lot of you guys would be like
all right this man did everything he
said he was going to he held it through
every bit of
volatility he did everything he could
for the community um he bought it at you
know sub one million and it's now over a
billion he should be able to sell I
think you guys will be reasonable about
it but I feel like most people on
Twitter would probably just tell me I
dumped on my followers even though I
held it for like over a year you know
so I'm just probably going to I'm I'm
going to just figure out other ways to
make money around it like for example
that was part of the reason why I took a
wolf position and things like that where
I recognize it's correlated to Andy and
eventually I'll be able to sell wolf and
I don't think anybody will care you know
because it's not Andy for me so if Andy
does well wolf will get dragged up with
it um it's part of the narrative the
correlation was there before uh before
me so you know it's fine but either way
like this is what I'm I'm planning for
oh we're kind of
moving oh man all right here we go so
we're at the value
area here we are right here
guys here's your here's your final boss
locally we're at the value area but I
think if you can get through that then
again you're going to come up to you
know you're going to be coming up to at
a minimum I would think like right up in
here
okay mid-range
region all right still some
work all right I've been going for a
while um I'd say last thing we'll talk
about here is I know some people have
been interested in like a you know going
down like the fundamental Road um I'm
still not really convinced that like
fundamentals are going to outperform
memes but there is no denying like this
is a this is a pretty clear
like compression and breakout and then
you know we could call this
like you know retest of
demand something like
this um I'm just not so sure like I I
really like the meme the meme thesis a
lot more than this
um I do but like I recognize that you
know there will be a pump at some point
and like that'd be a good thing here's a
eth here's what I'm more interested in
is how they're trading against
eth
um here's a like I see this as a pretty
clean breakout right
now so it's trying to break out pretty
nice L against eth so clean little
diagonal trend line we've just broken
out I would say against its eth pair
like I probably want to see it maybe
like another push up and then probably
like pull back like into this little
slot and then I would say we could I
would consider swapping some Ethan to it
right around here
um yeah I would say like this region in
my opinion like swap some eth if
what the hell is
that what the hell was oh my
gosh what
the get that out of here so I would
consider swapping some eth into
a like around here right and then maybe
looking
for a move up like this you know so like
let's let's take out let's take out some
of these highs against the eth pair and
then look for a little
pullback down into this region hold this
you know make this thicker I'd like to
see it hold this
level and then you know if it gets
invalidated right it would just bleed
back into this trend line and probably
not look super strong but I don't mind
this right like if we want to play some
fundamentals I don't I don't mind this
at all um you know it's just real simple
like you just swap some eth in a super
simple so I think if you're going to try
to do the if you're if you're going to
try to do the like fundamental route
just chart all your fundamentals against
eth right I would say that's what
matters like just the assumption is you
have spot eth
um and can you outperform just holding
spot eth and I think maybe if we got
something like this I would consider it
and it would be worth a try right so I'm
just gonna like I'm going to ignore the
the USD valuations and just kind of look
for like a little bull flag here and
then if I want to I'll swap some eth and
we'll see if we can uh outperform eth by
a little bit but that's kind of it guys
like if there's anything else you want
me to talk about quickly like I can but
um I went I went pretty long here um I
went pretty long so want to get the
other teammates in here it is Friday so
we've got Louie no Chef today but
hopefully you guys enjoyed that uh
enjoyed that little screen
share oh man yeah I feel like zoran's
probably not having a fun morning right
now
o all right let's do this let's pass it
on over to our man Snorlax and get some
thoughts from him Tommy here I'll stop
sharing my screen now
guys all right and let me
end the
stream okay all right yeah thanks guys
glad you enjoyed that all right Tommy
good morning how are you what are you
seeing in the
markets good morning guys good morning
uh great cook s Max um I guess I had no
idea that pow was was speaking right now
I thought that was a later in the day
thing that just shows you how much I I
truly care to hear about the Chairman's
thoughts today but
um yeah no hope we've all had a good
start to the F our
Fridays uh it's like we kind of
fluctuate between it's like every day
you know we're so back it's so over this
is a we're so back type of morning uh
we'll see if tomorrow is any different
but uh as far as Majors go right I mean
the levels haven't haven't really
changed and I think you need to see a
breakout from this pushup that we're
seeing on bitcoin and I guess eth as
well um you know here on on I'm just
like I I outlined kind of what I'm
seeing with Bitcoin yesterday on the
afternoon call right like higher lows
grinding into resistance it's either
going to U-turn here or it's going to uh
pop through this resistance and of
course probably send into like 64
65k uh which you know it's not like a
huge move on a higher time frame but
that would be a structural break and it
would be pretty significant if that
happens
oh no comment from eus no comment but
um I it's funny though I got back from
dinner last night and um like I I fell
asleep at probably 6:00 p.m. and I just
slept the entire night it was glorious
man it was it was absolutely glorious I
I don't I can't remember a time where
I've slept that long
uh in a very long time but I'm feeling
very refreshed today guys we're going to
see what markets have for us of course
um I've got
jokes oh oh Powell's got jokes yeah uh
of course pal is uh he's probably
yapping as he loves to do what color tie
is he wearing by the way but
um yeah I I kind of think this will be
like the uh this will probably be the
push uh of the day in my opinion so if
you can't break out that would be
concerning but if you can break out
they'd probably do it early in the day
right um and I think as somebody stated
that would be a positive as a whole for
altcoins if it were obviously like if we
break out from this resistance and you
confirm that it's not a shoulder it
would be very positive for all coins um
yeah uh what is the Tie color yeah no
that's that's real like what is the Tie
color um but yeah I mean nothing's
really changeed too much for me in my
opinion yet like we kind of need to see
a little bit more how the day develops
or we just get a definitive breakout
breakdown that uh ends this chop sooie
right but uh yeah until then we just
kind of wait and uh I in the
meantime am very bearish on soul eth for
example like I I think USD pairs can
probably do a myriad of different things
over the next few days but soul eth I do
think is headed lower um so uh yeah I
mean I think soul eth is I I still feel
like that elevator down candle on soul
eth is going to happen within a week uh
it's just a matter of time but uh it's
just been it it's kind of funny like
this weekly range on Soul e has been
very very
compressed and uh yeah I I do think it's
going to break to the downside whether
that means eusd is about to chat or
whether Soul USD is about to nuke so eth
is cooked uh obviously some meme coins
getting bid today like to see that my
bag's getting bid today MOG like to see
that uh I don't think we're qu I'm going
to sound like the 25-year-old technical
analyz or oh my God Prometheus that's a
good
one um that's a good one um I'm gonna
sound like the 25-year-old technical
analyzer or a lot today decision time
soon uh what what are some other ones uh
lose this level and its lights out
reclaim this level and its lights on it
feels it it really does though it feels
like it is unironically decision time
today that we're likely going to see the
fate of the market decided uh throughout
the course of this New York session and
probably over the weekend so no more
chop sooie no more range hopefully
fingers crossed uh if we close the week
still in this range and I I don't even
know what I would do I think I'd just
rip my hair out at that point and go
bald but
um no I think we can get some clarity
this uh this uh these over over the next
few days um but yeah I I think things
are looking pretty constructive in the
morning I'm not surprised that we're
pumping after after the way New York
kind of opened which was like a slow
bleed lower that wasn't really super
convincing from a bear standpoint so so
I'm not surprised to see that we're
pumping on pal speech here right now I
think the key is going to be if it
closes like this into the end of the day
I will say I am seeing some people bull
uh bull post whiff and every time you
see that that's usually that's been a
local top almost
always so I I do want to I do want to
preface uh preface that uh bullish
posting on whiff has not been very
bullish for the market but that that's
purely anecdotal that's purely anecdotal
as far as like what coins are going to
do the best if we break up here um I
still think we probably see a
consolidate around these prices for a
bit just because it front Rand the
market if it is about to enter an
uptrend to obviously another coin that
looks great uh if we're going to enter
an uptrend popcats caught a huge bid but
man I just have a hard time bidding
popcat because I think they're Community
is so cringe but the token will probably
do really well if we break up here I
just man I that mad guy if you guys know
who that is on Twitter he is he is so
annoying um and I I kind of like view
the popcat community in a similar light
um yeah that's uh that's I that's popcat
the chart looks good though you never
want to you never want to not buy
something because of the community it's
usually bullish it's only when the
community becomes like and I've said
this before it's when a community becom
becomes unwelcoming to new people that
you want to uh or like smug that you
want to you want to sell your bags but
popcats not that I just I just find
their their Community kind of cringe
from an engagement standpoint but I
think I just like the frogs and and the
cat memes like MOG a little bit better
than
popcat um but yeah I mean the coins look
pretty good this morning right if they
stick this breakout then I mean I mean a
lot of altcoins look like they're ready
to I would say more so utility altcoins
look like they're ready to begin to
enter new uptrends so um that would
probably be where I would focus
initially and then Branch out into meme
coins as they continue to show strength
but um obviously I have some meme coin
bags packed I'm not really looking to
chase meme coin pumps
necessarily um remember yeah of course I
knew you would say something about that
Tucker 625 then
63 DMT DMT will hit my target
trust interesting bmbb is not really
pumping that much yet I would watch for
that feel like it
will I don't really have too many
thoughts on crypto this morning guys
like charts look pretty good they've
looked pretty good from this juncture
before and then and not done anything so
I kind of just want to see are we going
to break out or not right like are we
going to break out or are we going to
sell this pump and if the pump sells off
I think that's a really bad look so
we'll see where we're at in the
afternoon call could be one of those
days though where by the time it's the
if we're bullish by the time the
afternoon call rolls around we better
have broken out like let me just say
that um given that we're pumping on I'm
I'm guessing pal is being super doish
you really want to see a Breakout by the
time we hop on this call for the
afternoon or I think that would be a
negative sign for the
market and uh I'm not surprised that
equity's pumped CU yesterday we were
kind of like I'm I'm kind of still
expecting Nvidia to form a lower high
here but when we were looking at the vix
the vix just did not look ready to
necessarily curl up aggressively it
could give a complacency bounce it's not
something I feel as super high
probability in the same way that it was
a few weeks ago when I felt like
volatility was curling up aggressively
but yeah I I mean maybe the vix give
something into the end of the day in the
next in the next week but I have to
imagine whenever this uh if they do give
any sort of complacency
shoulder on the vix you're probably just
going to see it bleed out uh in in the
weeks that follow like I'm I'm just not
that bullish on volatility here in the
same way that I was but let me look at
the uh let me look at spotv real quick
I'm sure that's performing much better
yeah I mean it doesn't really look that
good but I guess it's still technically
in like the viix is still technically in
an uptrend
although you wouldn't catch me longing
that chart let me just say that
much um but yeah that's uh that's what I
would say about Equity V into today iwm
getting bid nice that'll probably give
us some really great setups on small
caps here over the coming weeks I see
Baba looking great today I know that's
not a small cap but I'm just going down
my chart Hood will obviously be a
levered
iwm what will TLT do today I mean I feel
like it should the chart honestly still
looks really bolded up to me like that
does not look like it's about to break
down also would say the TLT hasn't
really traded super
nicely so um yeah we we'll see what it
does but if like gun to my head I'm kind
of I'm expecting TLT to continue its
uptrend into
October that's what I would
say but oh my God is that a is that a
pig with it looks like very cute
Dynamite strap to it I hope that's not
uh I hope that's not live Dynamite
that's a very cute
hog oh but um let's see what are we
doing oh shoot did we already like sell
the pump
oh
no dude I hate this range I hate it just
give us like some clarity I I hate un
like I hate uncertainty more than
anything man and that's exactly what
this range is doing um it I mean you
could absolutely still pump after this
because it's could just see like a
whipsaw on pal speaking but I'm going to
reiterate you do not want this pump to
sell off as in my opinion it's probably
a it's probably a
shoulder
but I as far like I'm still pretty as I
said I'm still pretty like uncertain on
the General market I think like uh for
me soul eth is kind of a layup trade
though like Soul eth should nuke I don't
know what USD pairs are going to do or
like I feel like I have an inkling but I
don't have a ton I don't have as much
confidence as I did a few weeks ago on
USD pairs but I feel really confident
that Soul e is going to rug uh
imminently
I am so bearish on that pair guys I I am
and I think I'd be wrong if Soul E3
claimed
057 but I I think it's going to roll
here I really do and that's a pretty
like safe trade in my opinion uh
especially if you're a hyper liquid bro
and you can get paid to I mean you can
get paid for the volume get some points
uh those are valuable points Guys these
are like like they're probably going to
be like $10 per Point per 1 billion
valuation at tge so they are going to be
valuable if you have a lot of hyper
liquid points good for you good for you
I'm seeing I will say I'm seeing a lot
more hyper liquid threads here over the
last few weeks which makes me a little
bit
uneasy a little bit uneasy I'm not going
to lie I it does remind me a little bit
of
Tia obviously at the top when Tia was
getting so much
attention about modularity all these
modularity threads yada y yada and then
yeah I mean it goes without saying what
happens next there are a lot of people
talking about hyper liquid which is a
little it's maybe a little concerning
but I'm I'm I mean that I can't really
change my exposure to it at this point
right like I farmed it what what's going
to be is going to be um what's going to
be is going to be and uh yeah I'm obv L
super bullish on the project going
forward but I do think that that the
points will probably tge at like 8 to 10
bucks per one per point for every
billion that they uh of evaluation that
they launch at but I think I think you
it's going to be one of those cases like
you you air drop that you do the
halfpipe on the air drop you know where
price drops you reconsolidate and then
you send and I I do think that hyper
liquid like for me I'd probably sell
most of my stuff at 10
billion uh 10 billion FTV I do think
that that's probably where this token's
headed it'll probably go higher than
that honestly and Peak bull run but
that's where I would be selling that
would be a lot for
me Hyper liquid things are those things
youve not gotten yet right well I have
the points I don't have the dollars so
um it's you know it's it's one of those
things uh when you farm points with
anything you never know if you're going
to get a reward but uh I think the team
is is pretty uh is pretty based I I'm a
big hyper liquid fan as I've said uh I'm
I'm selling my hyper liquid points when
hyper liquid token reaches 10 billion
fdv that would be uh that would be a I
would actually be the biggest trade I've
ever hit so I did Farm grass as well um
yeah I I have connected my wallets for
grass I have honestly zero expectations
for what I'm going to get with that
because oh tomorrow oh hell yeah I mean
I'm I'm probably going to get like $10
for it that's kind of my expectation I
farmed it on two browsers for like 6
months but I feel I feel like I have
very low expectations as far as what
that airdrop is actually going to yield
me so I'm I'm open to be pleasantly
surprised uh if we actually do get some
money from that that's pretty nice uh I
I'd be pretty happy with
that but uh yeah I mean they they got
all my data so
hopefully they're going to pay me
something
um oh are are the points actually so one
of my friends farmed so much grass so if
he uh if he
prints uh good for him I
guess but uh yeah I don't want to ramble
on for too long guys I mean this is it's
it's the day to be the 25-year-old
technical analy or as much as I kind of
hate that that's just kind of where
we're at like you're either going to
break out you're not and if you don't
break out that's not a good look uh
especially given that you've had a slow
grind into this level with alts ripping
uh it would be honestly an awful look if
you did not break out here so uh by the
time that we link up for the afternoon
call if we are not ripping in Majors I
would be concerned personally but the
flip side of that is we might be ripping
on Majors by the time we link back up
this afternoon
so it's a big day decision time soon
you're absolutely correct Electric
Cowboy decision time
soon and uh yeah I mean that's probably
going to depend a lot on what equities
do and I don't really think volatility
necessarily looks the best um but I also
don't know if I think Nvidia breaks out
here either I'm I'm still kind of in the
camp it's going to low or high uh but
again if it breaks the highs
of the year which are what like I would
even say if you break 136 you don't even
need to break 140 if you break 136
you're probably just going to shoot
straight back up into a
parabola and yeah those are those are
the things I would be watching today but
yeah that's that's it for me guys I will
kick it back to you
Max thank you Tommy all right let's uh
let's kick it on over to our man Louie
Tuesday and get some thoughts from him
Louie good morning how are you what are
you seeing in the
markets Louie you
here good
morning Tucker had me
muted you server muted me
what's going on
everybody happy
Friday what's J pal saying over there
what's JP
saying
um look I don't I don't have much for
you guys um let's keep it simple let's
keep it
sweet I was literally
um I was looking at the weekly chart
last night and I was just staring at
it and uh I was m breathing to the mic
yesterday whoopsies yeah uh that could
have been yeah I was on my phone that's
probably probably did that my bad um
yeah I was like just staring at the
weekly the Bitcoin weekly chart last
night and I was just
like like looking at it I'm just like
this is there's there's no way around it
but like this this is just a bullish
chart like I just I just don't see this
any other way um as not being like a
bullish chart like a bullish High time
frame weekly chart uh and and that's
what we have here on bitcoin guys like
this it it just looks bullish it looks
like we're about like to get ready and
gearing up for our next leg of the cycle
higher um there's no way other around it
and and it is a weekly chart so it holds
a lot of weight and this chart is just
it's bullish I'm going to say it a
thousand times this chart is [ __ ]
bullish like I don't know what else to
tell you like it is what it is that's
the Bitcoin weekly chart guys
um um and I did this actually before we
started pumping this morning so if
anything we're actually pressing um back
above our Key Supply reclaim um and
obviously we got to B break those that
that downtrend that we have in this bull
flag and then we take those highlighted
highs there and and that that probably
um that short squeeze uh and taking that
liquidity probably pushes us into price
discovery on bitcoin where we start
trading 80k 90k 100K um and our all just
pump to the
stratosphere um I'm getting more and
more bullish by the day I know I know
I've basically been bullish the whole
time I've been with you guys here but
I'm getting more and more bullish um by
the day just from what I'm seeing um you
know with Bitcoin and and allcoins we're
starting to see some some life back in
allcoins Pepe I mean not Pepe um a we're
up we're up a clean 40% from our
entries uh and I think that's that's
going to keep climbing here um hold on
one second I think Jack needs a
pacifier okay um you know base Pepe we
hit a big winner on that that's just
like absolutely chatting at the moment
um you know that means like the market
has a bid the bids are here
um yeah hitting 30X is makes feel
bullish every time yeah that's probably
part has has some some of it to do with
it uh you know hit hitting a big win uh
that I did on on base pet obviously but
that be a little more bullish in general
but I mean I'm not selling that anytime
soon um and I'm just you know it's not
like I'm I switched up you know I mean
I've been bullish but I just from what
I'm seeing in price action um you know
I'm I'm just bullish I'm ready we've
been patient enough and uh we're we're
due for bullish price action back to the
upside um here here's our Bitcoin Range
View our basic range another chart just
like looking at this uh you know Plain
View very simple chart this is also
bullish guys we came we lost the range
came back inside the range R tested the
range lows uh now we're curling back
upwards uh this like it's it looks like
it's going back for another test of
range highs once again um so another
view we're on the daily this time um and
it looks good it it looks good
good so the um oh and here's one more
chart um our daily bull flag view this
was an updated chart after we got the
pump um and this is what I was basically
saying I was even saying yesterday I was
like we get a close around or above
60.5k um on The Daily I think we're
going to be bullish and literally I
think we closed yesterday our candle
body closed literally around like 60.4
or 60.4 5050 something like that
literally basically closed at
60.5k um and this is our daily candle
already on the day U we're pushing
higher um so I I don't just say these
things and pull out of my ass the these
things are important where we get our
daily closes um and we're seeing that
this morning play out um obviously with
the help of JP probably um but I'm sure
we're going to see some volatility back
and forth today so uh maybe wait till
Monday or something like that but you
know hopefully I mean if we just start
pump p and then we pump that's it the
market looks ready to pump so if we do
pump out of here um it makes sense you
know it's not like it's just out of
nowhere so our bull flag view extremely
bullish above 60.5k on the daily nothing
no no no no other way to put it so uh
we're looking good and we're going to
continue to track that
um the range is identical to the one in
May before E ETF announcement which one
you talking about yeah no exactly I know
they they look very similar I would
agree Guardian um what are my targets
for base Pepe yeah this is a tough call
guys um from what we've seen um with
with other you know Meme beta plays uh
you know like an Andy like a wolf um you
know any of like these Blue Chip meme
coins or at least like they they go on
massive runs and either they they last
or they don't um I mean we we've seen
these projects run from literally
hundreds of thousand like like a 300K
market cap kind of where I got in a base
Pepe and we've seen them run to hundreds
of millions uh in market cap in just a
couple days or or weeks time um at the
same time I don't want to set my
expectations too high as well um because
that's how you roundtrip all your
profits uh so I'm trying to find a sweet
spot where I don't roundtrip most of my
profits while at the same time leaving
myself in in the game um to to catch
though that extremely big win which is
possible cuz I mean with a project like
this like you kind of have all the all
the ingredients for for um you know a
premium uh meme coin which is the way it
was La launch it was fair launched um
everyone all like those big players that
tried to snipe snipe the uh the launch
um got blacklisted um and the team
apparently is pretty based I like the
team I don't really know them personally
but there's people that I know and I
trust uh you know they're working with
them and they like the team also some
some good news that just came out is
that apparently one of the original Doge
uh devs who I'm actually in a group chat
in with which I didn't even know he was
in that chat um he's he actually helped
them launch it as well and he's super
bullish on the team um and he was
basically saying what I was saying last
night was basically I mean the the
project the way it was set up like and
and the way everything was launched and
the momentum it has right now coming out
of the gate um you know this this is
really does have potential to be a big
winner and when I say big winner I mean
like high Deca Millions 50 100 million
you know two 150 million something like
that even even higher who knows you
don't really know um so you know as long
as especially if we get market like an
overall Market momentum behind this
thing um you know this thing is going to
run and it's going to be you know I you
got to hold your winners in a market
like this on to your winners and you
sell your losers um so yeah so what are
my targets I know I just waffled for
like five minutes about that but I mean
I'm eyeing anywhere from 50 to 100
million I'm just going to be real but
you got it's going to have to be
something where you take it day by day
um because I mean that's going to be
huge pro profits a lot of us got in
early so we'll see we're going to take
it day by day overall Market health is
important um you know if eats pumping
and alter
pumping um you'll be surprised how how
much like the stronger plays like these
can can pump a strong Market environment
like this thing has been pumping uh
thousands of percent while the market
has been chopping sideways so imagine
what it could do you know with a strong
Market behind it um so basically you
know taking it day by day I do like
Tucker's area uh that 30 mil 40 mil area
uh I do like that area for um you know
maybe a local uh local top but I mean
even that it's like that's probably
another what uh you know 6 to 7x from
here X like we're doing multiples on
this thing um and we just got to hang on
for the ride um you know you hear those
stories about you know hit hitting those
big wins those 100 X's those those 50
x's and we might have one of those on
our hands so i' ra I'd be I'd be I'd
rather take less profit like I'd rather
just you if it rolled over from here and
and I you know took some profit that
than just sell my whole bag at a nice
profit here and you watch it like do
another 20 to 30 x without me like I'd
rather just not I'd rather just take you
know
round trips and profits now rather than
watch this thing run without me um so
yeah so that's my take on that
so um last but not least uh I pulled up
the dxy this morning I haven't looked at
the dxy in a long time um but this
actually so the dxy has actually came
into range lows finally um and this is
what a great example of you know being
right doesn't always matter in these
markets cuz I literally called the top
on the Dixie to the T with that that you
know that little they had that deviation
then we had the F the rising wedge into
that Range High Resistance and we
literally came all the way back to range
lows um but guess what Bitcoin didn't do
[ __ ] um you know I was expecting on a
move like that on the dxy from range
highs to range lows I would have
expected Bitcoin for Bitcoin to be
around 80 90k even 100K um on a move
like that for the dxy um and that's why
I haven't really been looking at it for
the past couple weeks um but one thing I
did I I know that there's got to be some
sort of signal in it um I know there is
so I was just comparing it to like
Bitcoin um you know lined up next to it
and I was looking at basically the last
time we came into range lows because I
want to be clear be because the dxy is
coming into range lows I do expect you
know some sort of Bounce here maybe a
bounce and a roll over um so you know
don't be surprised if you see that but I
was looking at like what happened the
last time we came into range lows
for the dxy and bounced um and then I
matched that up with uh with Bitcoin and
you know Bitcoin had a 80% run to the
upside on a bounce off range lows for
the dxy you know you had that initial
bounce Bitcoin traded sideways for a
little bit more um and then went on a
run and then once the Dixie started to
roll over again in that yellow shaded
area then you even went even more
vertical um and got more gains out of
Bitcoin um so I'm expecting something
Sim SAR here I'm expecting a bounce off
the dxy you know maybe we chop a little
more maybe we start to head higher here
with Bitcoin um and then once the dxy
starts to roll over or finish that dead
Camp bounce off of range lows I could
really expect Bitcoin to start going
vertical
here uh maybe that's when we start
getting into our 100K range something
like that so you know I thought this was
pretty interesting um just uh you know
lining it up uh and how these things
played out I thought this was just some
you know a good way maybe to extract
some value um and some some from the dxy
and I think this is a good example of
that so um yeah I think we could see
something like this play out um over the
next couple weeks on the dxy and you
know Bitcoin as well so again another
another bullish chart another thing
that's screaming that we're going we're
going to be heading up here soon guys um
all the data is pointing towards higher
from here in my opinion you know over
the next couple weeks maybe the next
couple days uh aren is you know they
don't hold hold as much weight but over
the next couple weeks you know I I think
the trend is
up and uh yeah that's pretty much it
guys um I gave you guys a ton of charts
my alerts Channel yesterday uh go take a
look at that I updated my
portfolio uh Holdings you know some some
stuff's gone some new stuff's added uh
fet you know I was talking about fed
yesterday uh that's a that's like up a
nice 10 to 12% this morning I doubled my
bags on that yesterday so that's you
know looking good here um inj also
looking good up a nice 6% already on the
day uh you know these are things that
are in you know very key value area um
buy zones in my opinion um and they can
be stronger uh more of those fundamental
plays um you know that Max was talking
about you know you want to find the
stronger plays these are newer for this
cycle at the same time there's more
established so uh you know there little
save but at the same time they have that
upside potential because they are they
are newer tokens for the cycle and
haven't had a true Bull Run um yet so so
that's that's something to look out for
so yeah take a look take a look through
my lch channel if you haven't looked at
that yet um lot of lot of good stuff in
there from yesterday uh and that's about
it for me I will send it back to Max and
I'll see you guys on Market check
peace thank you Louie Al righty let's
kick it on over to Dr Will's Outlook and
get get some thoughts from him will good
morning how are you what do you seeing
in the
markets good morning uh yeah
so I it's a nice little pop today nice
little pop um don't be deceived by fomc
I'm just GNA say that right don't be
deceived by
fomc uh pumping into fomc is usually not
a good sign so uh take that what you
will um Lucid absolutely chatting doing
very well uh since the call
position um and I'm basically looking at
you know quite a few other ones that are
kind of popping off here and I I think
that uh
overall I think this might be an exit
bounce to be honest with you unless we
can break up to at least 64k bitco
all right give me numbers give me
numbers um somewhere is around uh
54k sorry not 54k
5600 spy somewhere in there uh let me
pull this up real quick give me just a
second and Nvidia is already rejecting
here at the high I'm going AG green cell
with Tommy I think 136 is a safe area to
where you can kind of say okay we might
have broken Above This resistance but I
mean the resistance is real right it's
very very real here um we need we need
to see markets react we need to see them
react but not in a way that they have in
the way that they have
been
uh but if you look
at these two right here
specifically between
Nvidia and uh Bitcoin not not a lot is
happening here not a lot is happen
happening here um Nvidia right there
basically at the highs not really doing
a whole lot just kind of hanging out and
uh not doing too much uh
Bitcoin another one of those twoo that's
kind of just sitting here not doing a
whole lot it's basically just pulling
into the highend range but just kind of
sitting here uh I'm just I'm not seeing
a lot of uh follow through not seeing a
lot of follow through at the moment
we're already getting a slight pull back
here here
is
Bitcoin sorry I'm a bit busy today guys
um there's Bitcoin I mean again you need
to see follow through with a lot of
these moves we're just kind of hanging
out here at resistance at all of these
moves um I mean Nvidia lower high
Bitcoin kind of hanging out here at
resistance not really want to do a lot
and this this is really just a result
it's a result of uh breaking structure
right and everybody wants it to break
out now and we're just going to keep
talking about breaking out every single
day until it does and then you know
claim victory but I mean the reality is
is like this is just top solidation is
just it just it's High Vol not not
really doing a whole lot other than
chopping sideways um the market has to
break out in a massive way bitcoin's got
to go like 60 4K at minimum at
minimum um I you know I think n has got
to go at least 136 I I I would even
shoot as far as 140 before I'd even be
discussing uh any type of breakout
scenario uh hugging resistance we we've
seen this time and time and time again
and it keeps slapping people's hands and
they keep on going for it um yeah I I I
just I don't I don't think it's the play
yeah I I understand that FMC is a bit
away right I understand it's a bit away
I'm I'm saying don't I wouldn't be
deceived by fomc as in like right now
it's not the time to really be like hey
we're going to break out or break down
we just need to kind of sit and watch
and let things kind of play out um yeah
I mean Bitcoin can poke through that
resistance all at once it did the same
thing over there basically towards
August if you look at it it came up
broke the resistance and fell back under
it uh and then went into a multi-month
downtrend and now we're basically doing
it again we're poke looking back the
resistance and falling back underneath
it again it's not a difficult chart to
to understand
um again just be cautious right now
right be cautious understand that the
volatility is just it is what it is the
volatility either we get the shake out
before we get the shake out after one of
the two but I I do think there's a
ShakeOut incoming basically with markets
so it's it's one or the other um yeah
that's pretty much it man I do think
that uh you know we we'll probably hit
our calls by the probably within the
next couple weeks when it comes to Lucid
so that's that's positive for Price
action uh call positions on Lucid
obviously uh rivi and I think that that
had a nice little pop today but I don't
know if it'll do much more uh as of
right now um yeah I would just kind of
wait for lower wait for the Gap fill
once the Gap fill is basically there
then uh you can kind of take it take
advantage of that positioning and that's
I mean that's pretty much it there just
not a whole lot to talk about unless
you're buying fundamental coins mean
coins just keep popping and they go
right back down to the floor again and
then they pop and they go right back
down to the floor again so I mean do
with that information what you will uh
I've been very clear on basically
directionality pretty on point as of
lately and uh going to continue to see
the market from a traders's perspective
not a hope perspective I don't I don't
play on hope I don't bet on hope uh I'm
I'm a person that looks at technical and
play as the
technicals thanks will all right let's
kick it on over to our Man Tucker and
get some thoughts from him Tucker good
morning how are you what are you seeing
in the
markets good
morning good morning guys good morning
you know just over here uh just over
here hoping you know just just over here
hoping I'm dying I'm dead no it's all
good it's all good the Hope
or call me the Hope or
um I don't know guys I don't know I
don't think
uh I know I know I know I don't think it
looks that bad though right like I I
understand why
after retracing the pump and you know
like this picture right like um
this like you know we are at resistance
like you know understandable right
understandable but I just don't think it
looks overtly bearish you know like I
see I see there's cases to be made for
you know super local moves both up and
down but
you know on on like this I'm looking at
the six hour right it's like I it just
doesn't uh just doesn't look that bad
you know it's just because uh don't get
bullish at resistance and bearish at
support I mean we've just been bullish
the whole time so you know inevitably
inevitably going to continue to be
bullish at resistance right and [ __ ]
support we've been over this though
we've been over this um
anyway
anyway
[Music]
um let's looking around here
guys let's see let's see all
right let's look
at um eth
BTC real
quick okay here we go
let's just take it actually you know
what no let's look at base Pepe real
quick because that thing is at pretty
much 8 mil um I know Lou just talked
about it but I mean what a what a just
an absolute Banger of a call man what an
absolute not I'm I'm saying by him I'm
saying by him not by me I just hopped on
board but um I mean study guys study
that got the log
on um you are at the 2618
but I would look for the the F the FIB
Confluence at 30 mil again that's that's
kind of the
spot
um let's
see let's see here
[Music]
guys yeah I mean look I think uh
ooh that's an ugly that's an ugly 6h
hour candle on Bitcoin now I mean look
like today is going to be disgusting
right like we had Jackson Hole there's
never going to be clean price action you
should have if I had to guess what are
equities
doing kind of uh where was he
open was he open the Gap
up no it wasn't where's 830 yeah it was
the Gap up okay
yeah I think we're just going to get a
lot of [ __ ] today I don't think
you're going to really get a whole lot
of signal after uh after a Jackson Hole
day I would remind everyone that last
year after Jackson Hole we pumped
so not immediately not immediately but
we did indeed pump um iwm stronger than
both QQQ and
SPX interesting
interesting to say the least I
mean that's like that's like Pepe being
stronger than eth is what that is right
there guys it's like Pepe being stronger
than
eth um Nvidia
127 I mean none of this none of this
looks bad you know none of it looks bad
not that it can't come lower
but you know
[Music]
yeah so e does look cooked I'm glad that
uh that Tommy pointed that out
because I I do think that's probably
coming lower like 05 on the dot is is a
pretty easy
target yeah 0.05 on the dot is is pretty
uh is pretty likely in my opinion on so
eth um I would expect it to come from
eth out performing to the upside
but either way I mean today's going to
be kind of a nightmare I can already
tell Jesus Christ you got vix and Dixie
Down they're trying to dump
Bitcoin iwm up two and video up to QQQ
barely green dominance is green Jesus
Christ I mean there's there's literally
no signal right like this is like a
terrible terrible like rotational
Dynamics is is not not clear not clear
in the slightest
um let's
see let's see
guys I mean
that's here's what I would let's just
Mark out some more levels
because that's that's all you can do on
a day like today is Mark Mark out some
nice levels
um again
618 is that level for Bitcoin that you
have to
crack um I would like a four or a let's
see four yeah we'll take a four a four
or a 6h hour close above 618 or
62k
okay you just that's that's your Line in
the Sand yeah that's a nasty candle
obviously
but you did have jpw as the Catalyst for
it
um two the I mean technically I'm gigal
that from technically I'm gigal from uh
25k there Sebastian across the board on
everything on all coins study
that anyway to the downside like I said
yesterday you lose 59k you're you're
kind of cooked in the short term I think
you're kind of cooked
um yeah 59k is that Line in the Sand so
you've got about a what is
that2 $2500 range call it a call it a
$3,000 range right between 59k and
62k um a break of either side shouldn't
be faded probably
and strap in today guys strap in that's
really all I can say but those are your
levels on anything between 62 and 59
doesn't matter garbage chop doesn't
matter so but if you break 59 I think
you probably I think 50 55 is is
happening if you break 59 most most
likely 56 55 whatever but
again not my base case and we'll see if
we can if we can resume that pump a
little bit by this afternoon study test
pumps guys study the test pump but uh
yeah anyways that is it from me guys
Hagrid the bear that is not
bearish that is not bearish well uh back
to Max back to Max
thank you Tucker all right we got Market
check in five minutes be sure to tune in
for that but if you can't make it we
will see you guys right here this
afternoon in the Giga voice chat 30
minutes before the New York session
closes as always so guys have a great
day stay safe and take
care
e
e
e
e
e
e e
so
AO for
I
hello
is
e e
is
e
e
e
e
e
e
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