Transcript
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Okay, I. Guys, I'm not getting any sound here, but what we're seeing is we're seeing a. A green day on the markets. We're seeing a green day on the altcoins, as you can see. I guess the big question is now bitcoin has to make a decision. It's either going to be going up or it's going to be going down. Is there any sound coming out of here? Yeah. Oh, hold on. I see. I see why I'm not getting signed. I see why I'm not getting sound because I'm not plugged into the sound. So I guess what we've got to check here is if I'm plugged into the. That's the most important part. Yes. And I am plugged into the sound and I can hear everything. As I was saying, we've got green bubbles today. A couple of narratives that are actually going green. The big question is, is bitcoin going to go up or down from here? I'm going to show you the case for both sides. I'm also going to show you exactly which side I'm actually leaning on, because there's a side that I'm actually leaning on. And then I'm going to show you 1, 2, 3, 4, 5, 6 altcoins that I'm currently buying and what you should probably also look to buy if you think the market is going to continue to go up. So if that sounds good to you and you can hear me, because now I can hear myself. Let's get the shot on the road. I wasn't even plugged into the mic. What a rookie mistake. What a rookie mistake. It's like you'd think this was like my first show. I missed the show yesterday. I missed the show yesterday. A lot of people actually texted me, bro, where are you? Truth is, I was stuck in a meeting and there wasn't actually much happening on the markets. I thought, okay, let me just rather finish that meeting. Come back to you today. Bring you guys crypto. Love crypto wisdom. Bring you guys a couple of altcoins that I actually am buying. Gonna show you why I'm buying them. Show you the. On chain data. There's a lot of on chain data that actually shows that we're positive. We're getting GDP data tomorrow. GDP data. There's a. There's actually. Let's see. Have the Atlanta Fed revised their thing because they were supposed to revise today. So you have the GDP numbers coming out. These guys are supposed to revise today. You see the next Update is Wednesday 26th. So we must wait and see what the Atlanta Fed says about the GDP numbers. Remember, we want bad GDP numbers tomorrow. Let's see. Let's see what we actually land up getting. Anyway, you know what to do. You gotta obliterate the like button if you're not already subscribed, mate. Which mate? This is the first show with green bubbles. You're right. You're right. Cafe Del Mar is right. Trend. But as he bagged out of bunk, called from yesterday. Maybe. Sheldon. I don't know. I definitely don't know. Anyway, let's talk about what's happening on the markets here. Let's quickly look at the markets here. So here's where we are. A couple of good things, couple of bad things. So number one, go away. Number one, what you can see is Bitcoin was like 87,000, 500, 88,000. What you can see here is we've actually recaptured the 200 day moving average. That is quite a positive thing. Truth is though, I wouldn't get too excited at all. Even though we are seeing a lot of signs here. There are a lot of bubbles that are green. I think we should look at some of the green bubbles. Movement labs, Green Doge. A lot of altcoins are Doge, Pepe, Floki, all up. Curve up. We're going to talk about curve a bit later today. Let's go into bubbles. Number 2000, bro. Meme coins. Look at this. Wow. And super going up. Super is not a meme coin, but super is going up 61 cents this week. Look at the stocks bubbles and just see what's going on with the stocks today. Tesla down 2.19%. What's this? CTAS? Looks like it. Look, it looks like it's doing well. We'll look at some stocks a bit later on today. I guess when it comes to bitcoin, truth is we've reclaimed the 200 day moving average. Good. But cannot pop champagne yet. As I said before, we need to pop champagne. When we break this level over here, this actually, this level of is probably where you really want to be. And that's to break the 93, 94,000. Coincidentally, that is also the level. The unchained level. If you look at. If you look at the. The. The crypto quant. Can you send me that crypto quant on chain. On chain levels. If you look at the. The on chain levels, I think we can find them here. So. Okay, you can. We've actually got it here. So if you look at the short term on chain cost basis what you realize is that that 9293000 is the short term holder base cost. Now why do we look at the short term holder base cost? Because what we want to know if, if the short term holders will sell when we get back to their cost basis. That is why 92,000, 93,000 is quite a big level because when it gets there the question is these guys who've been underwater will they say okay we've just, just just made our money back and we want to now sell the tokens or will they say okay we're holding on for the ride? That's the big question. That's why on chain the 9290 to $93,000 level is quite a key level which also corresponds technically to this level of. Yeah which is a 92:93,000 level which would effectively take us towards a higher high. Now you asked me when will I be comfortable where that, that, that this is happening. When will I be some. There we go. Someone is actually sending to me research is actually working really hard today because it didn't work yesterday. So they're working double two shifts today when I'll be comfortable when we break this 93 I'll have a little bit more of a level of comfort. Then if we break this 99 and we can we capture the thousand dollar level harness, is that a voice message for us or what is that? So if we get to this hundred thousand dollar level then I'll be very, very very convinced that maybe we've broken out of the cycle. So for now cautiously optimistic. Again I'm looking at the on chain data, I'm looking at the short term holders, I'm looking at the cost base. 93, 000 is the next level that we're looking at. As, as Dan Crypto says and as I showed you we've reclaimed the 200 week. We've actually reclaimed both levels. So we've reclaimed the simple moving average and the exponential moving average. We've reclaimed both of those on the 200 day. Good sign. But again not entirely, entirely, entirely convinced. There are some good things on the on chain on the market that, that or off the on chain but on the market that actually make us a little bit more bullish about Bitcoin. One is if you look at the global M2 money supply generally we know that bitcoin tracks the global M2 money supply that's been in a, in a huge uptrend which basically means, you can't say means but generally bitcoin will usually follow the global M2 money supply. Right. And so this looks, this looks kind of positive. The next thing is, yeah, again you can see that generally 70, 77, 78 days after the M2 money supply starts moving, bitcoin generally starts moving. Now we are, what are we now? 77 days. We exactly 77 days. So, so theoretically today actually, today we should actually start breaking out. That's, that's one of the things. The other thing is if you look at all the stable coins on Binance, this is a table of, this is actually all exchanges. So if you look at all the stable coins on Binance at the moment on, on all exchanges, what you can see is that right now stablecoins are at an all time high. What does that mean? It means that people are out of money in stablecoins when out of crypto. In stablecoins, when people are out of, out of tokens. In stablecoins, if you get a pump, they start to feel sidelined. And when they feel sidelined, they have a lot of money to actually invest. You can see there's over $45 billion that people are actually just sitting on their hands waiting to invest. That's also a good thing. The last thing which is good is that, I mean if you, if you follow the bitcoin gold fractals, it does look like bitcoin's following the gold fractal. And if you look at gold, gold is very much at an all time high at the moment or very, very, very close to an all time high. We also know that bitcoin lags gold moves and that's exactly what's happening here. So bitcoin here again lagging the old, those moves. The other thing that's in our favor if you, if you're looking at the bullish side of things, other thing that's in our favor is if you look at the stock market, stock markets also reclaimed some really good levels. So if you look at the S&P 500, pretty flat today, but also reclaimed the 200, the 200 day moving average and it's been below that 200 day moving average since the beginning of March. So we've now reclaimed that. Right? So we, we now back over that. And the truth is we have been putting in some stock market trades recently. And when we've put in the stock market trades, we actually made a lot of money here. Right? We made, landed up making a lot of money. I don't know if you remember, but I told you guys that I'm pivoting to buy microstrategy at about $240. I said, you guys, that was when there was extreme fear in the market. And I said, when I. What I do when there's extreme fear, I pivot my microstrategy, my Bitcoin into microstrategy. And then when there's extreme greed, I take my microstrategy and I put it back into Bitcoin. So for those of you who actually followed that strategy, you actually would are now, you are now 38% in the money, right? So that's, I mean, that's an easy 38% on crypto stocks. There's a lot of money to be made on crypto stocks. And I think that this is one sector that we really need to start focusing on. I know we only like trade crypto. Crypto, bro, but it's not like that you can actually trade crypto stocks. The other one, which we've made a lot of money on is Coinbase, right? We bought it like 180 and now it's at $204. You made an easy 10% on a stock in a couple of days. Robinhood, the same thing. So if you look at Robinhood, I actually picked up some Robinhood, about 38 bucks. Now it's at about 47 bucks. That's like a quick 30% in a couple of days. So there is money to be made in crypto stocks. Also another one which is not actually a crypto stock, but is a stock that is buying cryptos. GameStop. So you can see that's up now, up today, 10%. The reason why it's up 10% today is because they actually made an announcement yesterday that they are going to add Bitcoin to their treasury, right? So they said, listen, I mean, quick announcement, 25 words. Grape grapevine, Texas, March 25th. GameStop News Corporation today announced that its board unanimously approved an update to its investment policy to add Bitcoin as the treasury reserve asset. Now this has actually been on the cards for a long period of time. It's nothing you don't. If you remember this photo, this is now a sailor reposted it, but I, I guess that sailor orange pulled Ryan Cohen. That's pretty much what happened here. Now. Heard good and bad things here. I mean, obviously we'll take a balance sheet that's got how many billions on their balance sheet in dollars, like 14 billion. Eh? How much cash does GameStop have? Mother? Romanian says 14. I think he's just, just talking. Let's ask Chad. GPT ask chat GPT. How much, how much cash GameStop has, bro? You know which accent you trust, bro? The British accent you can never. The British accent you, you trust. There's no, no doubt about that. Anyway, so now they adding bitcoin to their balance sheet and again that, that sent them at 10. I think what I'm trying to say to you is, look, it's been quite quiet in crypto, but there is still money to be made in crypto stocks, right? So in crypto stocks there is, there is quite a bit of money to be made. I've started trading crypto stocks. I'll be honest with you guys. I mean I've been buying them for quite a long time. But I found a way that you can actually buy crypto stocks using your, your, your using crypto. So basically there's a platform called Markets.com and here you see you can buy shares. You can pretty much like if you want to buy Tesla, you basically say tsla and you can just buy Chair. That's the normal price. It's got bids and offers. Now where the catch is or where the good thing is is you can say add funds and you can basically trade in and out of your crypto wallet. So you'll see in a second it'll just load the page because it basically opens up a terminal here. Just you'll see but it allows you to trade. Yes. So you can actually use this button over here to put in, to, to put in crypto. Right. So you can actually put, you can put crypto, you can, you can put the, the amount and whatever else and you can actually just deposit the amount of crypto that you want. If you want to sign up to this and actually trade crypto stocks, there is a link in the description below. Here, I'll show you where the link is. She trade crypto stocks. There is a link in. Yeah, I've been making quite a bit of cash actually trading these, these things here. Your markets.com, which you can actually deposit crypto to actually buy stocks. Just go and hit that button over there if you want to do it again. I think it's a good strategy like MicroStrategy, Tesla also a good one. I made a lot of money on Tesla. I think we bought that at 215. Let's see where it is. I think 288. 283. Remember that today Elon is showing the robot in Washington at the White House. Let's actually just quickly, while we're here, let's look at the nasdaq. So Nasdaq is down. Came ever so slightly down, ever so slightly down. So market's really looking for direction or markets are really looking for direction. So that's the good thing. The good thing is that the markets have actually claimed the 200 day moving average. There's a lot of other things that I showed you on chain that actually are bullish. Right? That's the good side. The bad side of it is that look, you know, if Trump's got a mandate and Trump's mandate is to reduce interest rates, he's not. The job is not done, fam. The job is not done. And that's my thesis, you know, my thesis is. I know, I mean I know you want to come here and I know you want me to say yo guys, you know, it's going to be bull market bros. Could you. Bull market, bull. It's not like that. Not like it. Because my thesis, I have a thesis. My thesis is that Trump wants to bring markets down. And I'm not the only one who actually thinks this. Melton Demers who posted a long thread, she said we're in a rough spot. Stocks below the 200 days day DMAs but industry selling off peasant and Trump both fixated and forcing rates lower. Even if it costs them, it costs the market. Right. So they going to force rates lower. And right now the market isn't really buying the fact that there's going to be rate cuts this year. There's 1, 2, there's still 3, there's 1, 2. Now you see now it's 2 rate cuts this year. Yesterday it was 3. So now it's 2 rate cuts this year. So you can see that the markets aren't really convinced that, that, that, that the job is done yet. Even though look, they are making progress. Like, like if you look at sentiment indicators, expectations for personal finance has fallen below the most bearish levels in history. So people are a little bit scared of the future. Consumer confidence is plunged to a reading of 65.2, the lowest in 12 years. So consumers aren't very confident. Layoffs are starting to spike. The Fed's recession probability has fallen from 60 to 20. So the Fed's now saying there's probably not going to be a recession. So there's probably not going to be a recession. We'll know that when we get the GDP data tomorrow. Tomorrow we have GDP data today. GDP data. This I keep refreshing because I keep saying the the next GDP now update is 26th of March, but they haven't refreshed it. So yeah, there we Go. You know who is buying this dip? There's two cohorts actually buying the stock market dip. One is retail investors. They are so retail investors are relentlessly buying the US Dip. You can see it over there. The second cohort of people that's actually buying this dip is the US executives rushing out to buy their own stocks. So basically executives of companies are now saying look, the market's cheap enough for us to actually go buy our own stocks. Who's not buying the dip is actually the hedge fund managers because US stocks long short hedge funds are now the least long of US stocks that they've been in five years. So retail and executives buying stocks and long short hedge funds selling stocks. That's pretty much where we are at the moment. I think this all or a lot of this resolves itself in the next six, seven days. So I think I'm looking at the date. The date is 20, today's 26 March. By 2nd April we should have some. Before 2nd April we should have some volatility. I wouldn't be surprised if we get another crazy volatile weekend this weekend because this is the weekend before the 2nd of April. And I think that Trump may do his normal weekend shenanigans this weekend to try and get the markets to start reacting about tariffs. Right. You see hedge fund managers cut their exposure to the Magnificent Seven. April 2 could bring a negative tariff surprise. Goldman Sachs economists note media reports have suggested the Trump administration is leaning in a more benign direction on tariffs. Don't be fooled. Error. This attitude probably sets markets up for a negative surprise. So be careful trading between now and the 2nd of April because there could be a flush because the job is not done. And you know, the 2nd of April is a day where, where, where, where all of these things are going to be increased. Also when I look at the on chain indicators and so this is a risk of all the, not all but a lot of them Bitcoin on chain indicator model. It includes the MVRV score, the P L index, the bull bear cycle indicator, the inter exchange flow pulse, the network activity status stablecoin liquidity Bitcoin demand growth trader on chain market. If you look at all of these indicators all of them are basically turned red except for the technical signals. Which means that when you look on chain this is actually, I mean this looks like like a little bit of a bear market. And I say a little bit of a bear market because I don't think it's going to be like a long term bear Market, I think just until the end of May. As I've said, I think we continue to go down, we reevaluate again at the end of May. Also, remember we said that the, the, the TGA account which had $800 million in it, and remember we said the TGA account will actually bring. Markets, will actually be, will actually flow into markets. The reality is that TGA account is actually being depleted at the moment and we're not actually seeing it very much in the markets. Right. So just watch out, watch out for these. Make sure you don't actually get flushed. My, my view is don't get too aggressive yet because I'm not convinced that the pain is over. And I think that, you know, when markets go down, they don't go down a straight line. They go down up to trap you and then they go down again. And I think there is going to be one more leg down. So I'm not aggressively buying. However, some of the altcoins are worth looking at and we actually have been buying them and actually been making, been making some money. So let's, there's a couple of narratives that are actually doing very, very, very well. One of them is of course, Sonic. So we spoke last week when Sonic was at 50 cents and we said, look, Sonic is probably one of the good buyers that you want to be buying in this market. Why? Because number one, they're making all the right noises. Like the TVLs on board. They talking about a algorithmic stable coin. Andre is teasing an algorithmic stable coin which will be launching in 45 weeks. He says four to five weeks talking about a algorithmic stablecoin launching on the market. They're getting a very, very, very high tvl. The chain is very fast, the airdrops coming. So I think Sonic is definitely one that I would add to the bag, is definitely one that I want to be holding. Another one where I want to be holding is another one. We have seen a lot of total value locked actually start flowing because remember, you want to follow the money and that's bear chain, right? So bear chain, $3.5 billion total value locked, which is incredible. Now, for those of you don't know what bear chain is, it's a very fast proof of stake chain. But it's instead of innovating on the consensus, they innovated on the economic model and they've got this thing called proof of liquidity. Now proof of liquidity means that effectively they reward you for bringing liquidity onto the chain, right? So they reward you for bringing liquidity onto the chain. That's how, that's how this chain works and not actually for validating the transactions. Right. And so I mean they do reward obviously validators but the real rewards go to the liquidity providers on the chain and so they getting. They making all the right noises. So if you look here I guess that if we do can't really see it but if we do a search for bearer chain probably it's down today but generally if you look at it over the last week up 30%. So that's another one that, that looks pretty good I must be honest. Another one which, another bunch which look very good is anything related to stablecoins and I've been talking about the stablecoin narrative for a while. Anything related to stablecoins is looking good and that's why you'll see Pendle, curve, frax all looking good. The place for me are curve convex pendle. Those are the ones that are looking good. And actually there's probably one more maybe usual money. I haven't actually looked at the usual money chart for a long time. Let's quickly look at it. Yeah, quite low. I mean I must say I wouldn't touch this thing until it turned but curve and convex. If you look specifically around curve. The reason why curve is because curve is a stable coin exchange. It's. It specializes in stablecoin up 20% this week. These are the things that I'd actually be nibbling on if I was actually buying curve convex frax. I'll be looking at Solana. I mean Solana. You can see BlackRock securitized launched the largest yield bearing tokenized treasury on Solana. There's also Solana ETF applications. So there are things happening on these tokens if you are looking to buy the dip. This is where I'd be looking to actually buy the dip. Another one which is worth buying. By the way Sonic was mentioned in front runners at Here we go, 50 cents. Here we go. In case you don't believe us on front runners by the way you can join front runners. There's a list below, a link below. But Lucky mentioned it. I mentioned it. We've all been calling it in front runners. This is, this is our, our internal group. We've been calling it in inside the internal group since $0.50. We also called SQD. I don't know if you guys remember I called sqd at 6 or 7 cents. I still think I had the team in, in my office this morning. They yeah they came to visit us. I really think that this this one is going to explode. So number one, look at the chart. Bang. Cup and handle. Beautiful. Cup and handle looks. It looks like an amazing company, number one. Number two, these guys got a sleuth of announcements which are going to come out between now and the next three months. And so I think to me this is one of the best holds for a three month basis. Now another reason why I say that is because I know that I told Andre the researcher to buy sqd at six and a half cents. So you bought it at six and a half cents and you sold it at 10. So you made a little bit of money. Why didn't you just hold it? You're happy with the cash and the conditions but would you have been happier with more cash in the conditions? I thought so. Because I mean I just again I still think this is one of the best buys for the next 90 days is sqd. I really think one of the best, best best buys. What this does, it does exactly what the graph does. So the graph has. Just look at. So this is the graph GRT graph. So the graph has a market cap of a billion dollars. Okay. And SQD makes about 10 times the revenue that the graph makes even more. I think maybe 100 times the revenue. They make $10 million a year, these guys. Right. It's a real. And their market cap is $218 million. Okay. It just doesn't make sense. I think this is probably one of the best, the best holds for the next two to three months. The other one which I saw Spike today is our friend Coty. We like Koti, we've been following Cody for years and years and years. But you know, now they've gone into the privacy transaction. So they had, they've had a spikes from 5 cents to 8 cents. And the reason is because they now have their mainnet which is launching. So they basically launched a privacy protocol which is, which allows for something which is similar to fully homomorphic encryptions. I forget how they call. They call it like gizmoids or something. What do they call it? Goggle Ask Chat GPT first. Maybe Chat GPT should do the show to show basically. Anyway, listen guys, if you want to get free airdrop just go into, there's a Google link below. Just put in all the details and the first 400 submissions. Now you can't say the first 400 submissions because what about the people that are not watching live? Basically just what I need you to just go and put your EVM address there and we'll send you maybe we'll send you a whole lot of Cody tokens. Yeah, I think that's. Oh, should we talk about Bitboy, apparently? Huh? I mean, so apparently Bitboy's gone to jail like the guys. I think. I think the guy went. I think. I think. I think the guy went a little bit psychotic and he landed up, I think, threatening a judge or something. And he's now in jail. And if I read this correctly, it's three years. Three years and no possibility of parole, believe it or not. Yeah, believe it or not. I think the guy completely lost his marbles. I think. I don't know. Anyway, we did. We did see this. This article today that he actually landed up. He's actually now in. In Florida. Joel. Where is he? Florida. Benjamin Charles Armstrong. Quite sad to see what happened to. I must be honest. Really, really sad to see what happened to him. Hold on. What are we saying here? David says Coty Mainet is now live. Yep, it's live. It's live. It's live. Very quickly. Let's just see. Is there anything else that's really pressing right now? All right. Not much else that's happening right now. I shall see you guys again tomorrow. Until then, trade. Well, my friends.
