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Long your Longs, Bottoms in. | Market Check
Recorded: March 25, 2025 Duration: 1:28:12Space Recording
Short Summary
The discussion highlights trends in the crypto market, including the resilience and growth of altcoins, the increasing prominence of meme coins like Fartcoin and Doge, and the speculative nature of trading based on insider activities. Additionally, there is a focus on the strategic movements of exchanges in response to market dynamics.
Full Transcription
Good morning, everybody, and welcome to today's episode of Market Check, brought to you by BB.
There is no second best daily YouTube live stream to talk about markets.
Welcome, guys.
Happy Tuesday.
Hope we're all having a great start to the week.
I'm Tommy.
You guys also know me as Snorlax.
I'm joined by Max.
Louis Tuesday, always got to say it like that on our Tuesday show. And of course, Chef Jackus as well, getting ready to cook for you guys. I think we're going to have a great show today. Obviously, some things to talk about, right?
Of course, we have the VIX continuing to come down.
Equity markets.
I mean, actually, you know, they've kind of flipped from red to green.
And of course, crypto markets.
I think Alts in particular showing a lot of resilience, despite some weakness that we had
overnight and things like Bitcoin, things like Eath, kind of pulling back a little bit from Monday's pump.
It is Tuesday.
Was that the reversion or not?
We'll talk about it more here in just a second.
Of course, guys, before we can do that, I'm going to need you to slam, smash, destroy,
annihilate, whatever adjective or verb you need to use to justify hitting the like button.
As always, we are so, so, so appreciative of when you do that.
And of course, we help us grow our channel and continue to get in front of more eyes, ultimately
continue doing these shows.
But yeah, like I said, we are going to have a great show today.
We are going to discuss things like the title.
We're going to discuss the coins.
I really feel as though, you know, the backdrop of what we're seeing has been a large positive
here over the last week or so, right?
I'm talking specifically about something like the VIX, equity volatility coming down,
and kind of nuking that lower timeframe up trending market structure that it put in really
since mid-February.
Now, that's not to say that we can't get a bounce from here on the VIX or that it can't
potentially continue to, you know, to have flare-ups throughout this year. But at least here
in the interim, something like equity volatility looks constructive for this bounce to continue,
right? I think on a multi-week basis, that's at least kind of how, in the most simplistic
way, how I am viewing the market right now. But yeah, I mean, the
I mean, the Q's, the S&P, they did go red to green.
Like I said, alt coins were, I think...
I think they're showing a pretty good bit of resilience actually at the moment, despite
the fact that Eath dipped down to like 20, 2040 overnight Bitcoin had about a two, two and a half K
dump.
But yeah, I look at my watch list and it does seem as though all coins are signaling that
they do want to continue this.
Again, whether or not this is a long term reversal or a counter trend rally, it does look
as though all coins want to continue trading constructively.
And so for me, looking to skate where the puck is headed, I still think that that is likely where the most risk-reward lies at the moment is seeing these all coins continue to bounce.
But I don't want to ramble for too long.
Ultimately, we are at the same prices that we were during yesterday's show.
But I do think that we do have some new things to discuss, of course.
And of course, we're going to have to discuss the title of the video as well.
But how are we doing, guys?
What are we seeing in the markets?
Do we have any thoughts on what we're seeing in equities and alt coins or anything else for that matter?
We're looking a little squeezy boys.
I mean, man, I haven't even looked at the VIX this week.
I've just kind of been watching alt coins mainly because a lot of them are starting to throw more.
curl out a little bit you know starting to form some what looks to be like very early stage
at least local bottom formations um obviously the boys were on the buttons which is great news but i mean
i'm looking at this chart right here this is others and i mean i think if you can break above that
kind of normy compression diagonal trend line whatever you want to call it
I think we're going to get one hell of a squeeze, right?
I think we're going to see, I think we're going to have a lot of fun, right?
We're not quite there yet, obviously a little bit more work to do.
But, I mean, we're starting to up trend again on like every single time frame here.
Like, you know, looking at this little RSI table up top here, it's like, guys, general rule of thumb, like RSI above 50, you're up trending.
RSI below 50, you're downtrending.
Like, we're starting to see, like, deep green here, like one hour, two hour, four hour, six hour, 12 hour, all trending above not just 50, but 60, right?
Like, we're getting, we're getting close to a little squeeze here.
If we can put in, like, another, you know, couple days worth of solid price action, oh, baby, you know, I think we could have a constructive move, right?
It's starting to look good, so...
Well, first of all, let's tackle the headline, Tommy, as he said.
I think we, I wouldn't say necessarily bottoming in or would depend on certain, certain coins.
But I think we are at the bottoming process.
I will keep on repeating this for the past week and for the next week's.
Bottoming process, bottoming process is, in my opinion, happening over, all over.
until proven otherwise of course uh i tend to think that btc is likely not to hit new lows right now
kind of tend to think that uh not sure about the others when i look at soul although really nice
rally from here but still a you know um bearish trend on the daily and i would tend to think that we
still do need to go below that uh august fifth low
That to me, that level to me looks exactly as ease at 2.2K.
So I still think that capitulation on cell needs to happen as well below that level.
And then then I think we kind of ready to go.
So again, I would say would depend on individual, individual alts kind of might take.
Well, we're already seeing quite a lot of, I'm sorry for interrupting you, Louie.
I was just going to say we're already seeing quite a few alts.
I mean, Jack has pointed out the bottoming process.
You know, again, I'm uncertain whether or not it's a local bottoming process or a long-term one, but even still...
you're seeing all coins begin to move much more aggressively before the rest of the market already.
We discussed a lot of them yesterday, right? Things like, it's so ridiculous. Every time I have to say this, but like, fart coin, we've got Sonic.
You've got some other on-chain coins as well that are higher beta that are beginning to show signs of life too, kind of in some of these like
base or BSC ecosystems where they're clearly trying to reignite on-chain activity.
So, you know, I think you're seeing signs of life that you typically would like to see
before all coin rallies.
Yeah.
I mean, do we do we actually buy that part coin on Seoul is the new risk on indicator for this
market?
I mean, there's some local evidence that maybe that's the case.
And here's the thing about FARC coin is that.
I can't believe I'm even saying this out loud as a grown man, but I mean, that's the world.
It's just so funny. It has for whatever reason really kind of captivated and stole a lot of the
mind share, the discussion from, I'd say not crypto natives around crypto. They talk about it on
CNBC, man. Like it gets national coverage, right? It's
It's almost like it's the ultimate meme coin narrative, right?
It kind of is where it's like everyone was dismissing these.
And there were a lot of crappy meme coins, right?
But like I'm talking about the blue chips, right?
Like the really solid memes, the doges, the pepets, the whatever, right?
Right.
A lot of these legacy, you know, the legacy bros, they would just be so quick to dismiss it because like, oh, it's stupid, it's silly.
I would never buy a meme where they were really, to their own detriment, overlooking something that was correlated to, you know, Bitcoin and Eith and the S&P.
It's all connected, right?
But they wouldn't give it the respect that honestly it deserved something like Doge specifically being a, you know, it's.
older than Ethereum.
It's been like the best performing asset of the last decade, right?
If you had bought it on the first day, you outperformed everything.
But because of the name, they were like, this is stupid.
I would never buy this.
I'm an adult.
I'm above it.
Right.
So it's almost like crypto's way of shoving it back at them is to make something that is so like,
so egregious.
So like, I don't know what I'm like what the word is, but it's like,
it's like,
It's like using their own feelings against them, right?
Okay, so you think that like Doge is stupid.
You think that Pepe is stupid.
You think they're not legitimate assets.
There's no correlation.
You're above it.
Okay.
Well, now we're going to make something so outlandish that like you can't turn away.
You have to talk about it.
And it's going to outperform everything.
Fart coin, right?
It's like the ultimate trope is what it is.
It's hilarious.
So I don't know.
It's for whatever reason, whether it's that or something else, it's been sticking, right?
It's been sticking.
I don't know what the future holds for it, but it's renting a lot of real estate in people's minds right now.
That's one thing I'm sure of.
So, I mean, maybe it is the new risk on barometer for the cycle.
How's Fartcoin doing?
You know, it's so funny to me.
It's almost like, you know, when you have a congressman or something or somebody who's trying to purposely make fun of crypto, like name, oh, do you think that X coin is going to make money?
And you just name the most absurd thing that they can to try and demean crypto.
And they were like, all right, well, we'll tokenize this and pump it in your face.
Yeah.
It's so crazy. It just might work.
I mean, it doesn't look bad.
I don't own this one.
I own the base far coin because it's outperforming it by a lot.
And of course, I'm a beta addict.
But I mean, this is, it's kind of a textbook bottom.
I don't know if you guys have talked about this, you know, this week.
But like, this is an altcoin bottom, man.
Like this is when you're trading some shitter on chain.
Oh, a little, just a little curl up here, man.
Oh, it just doesn't get better than that, honestly.
It's technically looks even better off log.
Yeah, it looks better off log.
Yeah, it does, man.
And that's really, I mean, it is just, I mean, everybody's initial reaction is the same, right?
Fart coin, what?
And then you just take a second look at it and you're kind of like,
all right i could see why it would work i can see why it would you know because it's like
there's no better headline or like embodiment of crypto than fart coin being your top gainer
and legacy media being forced to include it in their coverage of our asset class when they're
so critical of it to begin with it's the ultimate troll right and for that reason it's going to do well but
Really, again, I don't, I don't even own the OG fart coin.
I own the sole or the base one because it's been outperforming it, man, which is so funny too.
Like here's, it's amazing, man.
Like this is, as a grown man, I'm going to say this.
As a grown man.
This is based fart coin, parr against soul fart coin.
Yeah.
I can't, I mean, look, it's the world.
I'm here to make some money.
I'm here to make trades.
I'm here to make money.
You guys know I pair trade a lot.
We're professionals.
Dude, we run a hedge fund and we're talking about barcoid.
You know what?
You got to adapt or die.
You got to be with the times, man.
These dinosaurs, you know what?
These dinosaurs, man, they're happy with five or six percent a year.
I need fart coin, man.
I'm trying to outperform that.
I own coins derived from flatulence and vegetables.
The boomer mind could never comprehend.
They could never, they could never comprehend.
But yeah, I mean, this is because I mean, you guys know I'm real into the beta, you know,
so it's like, all right, I have a fart coin derivative that's outperforming,
like the best performing coin in crypto being fart coin for right now.
it's just been churning up higher lows higher highs in a range i'm betting on a breakout i mean
it's it's a new paradigm man like when i first bought this thing like okay so for example this
has been such a blessing in my portfolio i can't believe we're talking about fart coins but
here we are so obviously like a huge portion of my personal portfolio is in pepe
And that's been a real good strategy.
I mean, up until like 70 days ago, things turned, but I think it's going to be pretty short-lived.
I initially bought this thing like over here and then I bought a little bit more in here, right?
But it's like if you look at it compared to Pepe, which has been like the backbone of my portfolio, you know, like...
Look at the relative strength against something like Pepe, right?
I'm up on my base Farkcoin position, but I'm down on my Pepe, right?
So it's like it's been holding my entire portfolio up.
Like a derivative of the OG Fark coin has been holding up my entire portfolio, you know,
against arguably the best performing meme of this entire cycle, Pepe.
Like without question.
So it's just funny, man.
You got to look for like little opportunities, right?
It's, you know, I would just say my biggest lesson with this cycle has just been like there's going to be a new hot trend.
And don't be so quick to dismiss it.
Like really kind of marinate in it.
Because I think that's the wrong adjective that I are with you.
Really basking it, you know, really, really take a breath and just like really breathe it in and try to understand the narrative, okay?
But yeah, I don't know, man.
It's a very interesting time that we live in.
But I'm with it, you know, it's fun.
We're making money.
It's just so funny, man.
It's just so funny.
Do you think...
Trump or fart going?
Yes. I mean, bro, Trump is the crime chart.
Like, they're gonna commit so much crime on this chart that I have to, like, I have to have
to have exposure to it.
I don't think it's gonna play out exactly like this. I kind of think it's gonna be a little
bit more of like a, I'm sure we could find a good fractal that kind of like curls up,
you know? Like, it'll just be some like, you know, egregious curl up like this, you know,
Or maybe they literally commit straight crime and like do this.
But there's a huge unlock coming in under a month.
It's like three weeks away.
It's a 4% unlock, which given how much supply is held back on Trump right now,
there's like, I think the floats like 20%.
It's very, very minimal.
So a 4% unlock is increasing the overall circulating supply by like 20%.
So there's basically a 4% unlock that,
is really more like a 20% supply unlock, right?
They're going to commit crime on this thing.
Do you understand the incentive that these individuals have to pump this chart over the next three weeks?
There's going to be crime committed on this chart.
So I think this thing's bottomed out.
I think it's going to pay to just like have a little bit of exposure to it and just sit here and wait until the crime is committed for a nice trade.
I would be pretty shocked if they didn't pump this thing into the unlock.
It's a huge, huge, like, insider unlock.
So I think there's going to be crime committed on this chart.
I don't know how you guys feel about it, but, you know,
it pulled back 87% from the high.
It's ranging right here.
It feels pretty floored out.
And they have a major fundamental catalyst incentive to just rip this thing higher in like three weeks.
And I think even going back to the Soul chart, right, if we could get Soul, if we could get Soul, even back up to like value area high for this giant mega range, right, which I know is a big move, right?
But like Soul up to 187 or something.
I don't think that's impossible.
Honestly, I really don't think that's impossible.
Because I kind of view this as like a local range here with like range low.
The range high was the Trump, you know, strategic digital asset reserve news.
You know, nice bear trap deviation.
We're above the point of control.
I really think Seoul could squeeze up to like almost 190 even.
So if that happens and you get like Seoul as a bit of a tailwind and their incentive is to commit crime on that chart, I mean, Trump is going to like it's going to pump.
It's going to pump really hard.
Whenever soul starts really moving, it's always kind of a leader, you know.
I don't know.
I like it here, honestly.
I really do.
I don't think it's a bad RR from where it's at.
I think Louis was looking for something similar to, but I'm not sure Louie if you're still, you're still bullish on it.
Oh yeah. Yeah, I've been buying a lot of Trump the last month, month and a half.
And I'm just waiting, just sitting waiting for, you know, there's a big move loading on it, in my opinion, right?
It reminds me a lot of Pepe before it went on that like 10 to 12 X run.
I think that's the fractal you put on there. So does it play out like that? I have no idea, like you said.
But, yeah, I don't think it just bleeds to zero, right? I think,
You know, I think they, you know, I guess like World Liberty Fire or the Trump admin, I don't, whoever launched this thing, right, obviously they haven't mentioned it much at all up until recently.
But I think they do care about it more than they let on.
And I think they were honestly waiting for this thing to bleed lower to start talking about it again, right?
Because I think we saw Trump tweet about it or the truth social.
post about it just on Sunday, right, the other day, you know, this whole time. So my thesis has
always been, I don't think they just let this thing bleed to zero, right? I think that's more,
does more harm than good for them, right? So it's my thesis that, you know, it has the Trump
name, it has attention, that attention isn't going anywhere anytime soon.
It had a beautiful launch.
And it's starting to follow that new token playbook that I was talking about yesterday as well.
You know, like successful pump off the launch.
Everyone's bullish.
Everyone's hyped up on it.
And then you get that 70 to 80 percent slow agonizing bleed to the downside.
People give up.
Start calling it a scam.
Keep saying, start saying it's going to go to zero.
And that's where I like to come in and start accumulating stuff like that, right?
Very similar to what happened to Pepe in 2023, right?
You know, Pepe had a nice big pump in the middle of a bear market, right, that launch.
And like, that was the only, that was like the only game in town.
And I remember sitting there watching Pepe Pump.
Obviously, I missed it, right?
But I definitely wasn't going to chase it either.
So I told myself in 20, this is, when did Pepe launch?
What was the date on that?
It was like early 2023.
April, 2023.
So, yeah.
So that thing launched was going crazy.
Everyone was talking about it.
And I told myself, I was like, I'm not chasing this thing.
I was like, but, you know, I.
I'll come back in a couple months, and if it's, you know, bleeding lower and it's way off the highs,
I'll consider, you know, looking to buy.
And that's exactly what I did, right?
And lo and behold, yeah, you put in a nice basing formation, a couple, you know, multiple months of sideways to down after a successful launch.
Anyone who is bullish and hyped up on it around the launch time has now given up on it or has gotten, you know, you know,
bought the top on it, now believes it's not going to go higher because they didn't buy it at a good price.
And that's when I came in and bought Pepe right before that massive 10x run.
So I'm kind of looking for a similar setup here on Trump.
The only difference is I think we don't need as much time down here that we did with Pepe.
The only way, the only reason I'm saying that was because Pepe was launched in the middle of a bear market, right?
Whereas I don't think we're in the middle of a bear market.
If anything, we're actually...
you know, in a bull market as far as Bitcoin's concerned, but I think we're entering an all coin bull market as far as all coins are concerned.
So I think this thing starts to curl back to the upside, whether it's a slow grind, a nice rounding bottom like we saw with Farcoin.
I'm fine with that.
Or it's a nice big, you know, pump to the upside, you know, into that $25 level, something like that.
And we'll see.
But yeah, I'm bold, I'm bulled up on this one.
I got a nice bag.
There will be crime, Louie.
I don't know. It's not going to look exactly like this, but it's very similar in the way that it kind of got launched and was when Pepe pumped, if you'll remember back in April, May, 2023, it was the only thing pumping.
Everybody was trading it. The market was dead. The same thing happened with Trump coin.
Everything was just sitting there, right?
Not doing anything.
For like a week straight, it was the only thing that was being traded.
And it got listed on every major exchange immediately, right?
Immediately.
And the same thing happened with Pepe, right?
Obviously, like two totally kind of different memes, but like similar playbook in one regard.
Okay.
So...
I look at this and I'm like, they both pulled back, you know, 87% from their major tier one centralized exchange listing, you know, highs.
And they're basing out.
Like, I think this thing's going to pump, man.
Like, I really don't, it would not surprise me to see like a $25 Trump in like the next two weeks.
Yeah.
Not at all.
What do you think about the distributions and the difference between Peppa and Trump?
When you say distributions, what do you mean?
Of coins, of supply.
Like the float, like the supply being held back?
Yeah, like at the time.
I'm not sure what it was at the time for Pepe actually.
Yeah, I mean, Pepe, the Pepe team initially, like, there was a lot of actually kind of drama.
Like there was some supply concentration in the beginning.
But it kind of quickly sorted itself out.
Here's the thing about supply control with something like Trump.
Supply control in the right hand is bullish.
Supply control in the wrong hands is the most bearish thing ever.
So the big question is 80% of the supply is basically being held back on Trump right now.
It's not in circulation.
You're about to have, you know, an additional 4% be unlocked here in the next three weeks.
The big question is...
Like, is it bullish supply control or is this just the most criminal shit ever and they're going to unlock it and immediately dump and they're going to ruin it?
I think there's a huge opportunity for them to make a lot more money by going through these unlocks and not dumping and kind of showing everyone they're down to ride and like make this thing sustainable and playing it more long term.
So it's kind of a bet that like the president and his team and his investors.
are not going to just full stack G all of their supply unlocks, right?
because supply control in the right hands creates lower float which is going to again like
the lower the float when demand picks up it's going to pump way harder you have a coin here
that's listed on every centralized exchange it's got perps it's got spot trading on every single
major exchange every single one of them and it's got 80% of the supply held back this is the
perfect recipe if if trump and his team don't
Don't completely screw everyone over and just start selling everything on the unlocks.
There's not a coin on the market that's set up to pump harder than Trump because of how low float it is.
The fact that you have such limited supply available of this thing and it's listed everywhere.
When the market starts heating up, like,
you realize that the supply and demand imbalance that that 80% that's not in circulation is going to create,
this thing could pump literally to hundreds of billions if they don't completely destroy it, right?
But it's not up to me.
So you're kind of making a bet like, all right, they're going to view this thing longer term.
They're not going to just...
act incredibly selfishly, right?
Because there's honestly not a coin on the market that has the potential to pump harder
than Trump because of how low the float is.
But that's how I view it.
I don't know how you guys view it, but I just hope they don't.
They have a huge opportunity here.
If they can just sit on it and not start selling immediately.
But I'd love to hear your guys' thoughts on it.
Right.
Depends on who has the supply, right?
Who exactly is the team?
Yeah.
I don't really know, but I at least think they're going to try to pump it into the unlocks because, I mean, I don't know if you guys hear my cat just like wailing in the background.
No, not at all.
Stream yard's really good at canceling out noise because he is just like screaming.
But yeah, no, I think it depends on who exactly has the majority of his fly.
And I mean, they'll probably pump it into the unlocks, just being honest.
Yeah, at a minimum, right?
Like at a minimum, worst case, you know, they pump it into the unlock and then, yeah, they sell off the supply.
Right.
If I were trying to exit pump a coin in which I held 80% of the supply.
I would burn the supply that is supposed to be unlocking much further down the road and keep the supply that's unlocking in the near term.
Would pump the crap out of the price probably in the immediate term and you'd get the liquid token or you'd get the tokens that you're going to get to be liquid much sooner that you can sell into the pump.
At least that's what I would do.
Yeah.
There's so many ways to do.
Dude, I really hope somebody is like consulting them on what they should do to make this.
Because, dude, I don't know if you guys agree.
I actually think if they do this the right way, which is a huge, huge, huge if they do it the right way, if they do it the right way, this thing could literally go to like 250 billion.
Like so incredibly high if they do it the right way.
but I don't know if they're going to.
Well, I'll say this.
$250 billion.
That's more currently than East Market Cup.
Mm-hmm.
I mean, so I'm thinking about it in terms of this,
so like last cycle, Doge went to $80 billion.
And I'm thinking that this particular coin, if done the right way,
would far exceed what what doge did last cycle in terms of like the the mania of the pump if they
start burning supply and like really pushing it and doing it the right way yeah they keep that low
float you know oh my goodness i mean it's a it's a it's a literal like i mean it's dynamite is what it is
like it is going to explode but i again i just don't know if
I don't know if they're going to do it.
But I think if they did it the right way, like if you had, like if you had...
The bet is that they are not complete imbeciles.
I get it.
If you had me...
That's the narrative on it right now.
I would just be like, here is everything you're going to do and you're going to have the most...
This thing will literally...
Like, it will rival the top L1s.
You like, we, man.
Yeah, I mean, that's the narrative on it right now.
The narrative on it right now is that it's a rugpole.
Right. It's like yeah. Trump rug pulled us. Trump was supposed to be you know, be the crypto savior. Any, any rug pulled us with a meme coin. That's the narrative on it right now. And that's why I like it. Right. Because I like when people in a month span go from holy shit, Trump's going to be the next best meme coin in crypto history.
to a month later being, wow, Trump was a rug pull.
He rug pulled us.
So I like the sentiment.
And, you know, I was buying, you know, like I said, I started buying this middle of
February, early February.
And I've been DCA, you know, down.
But, you know, I was definitely way less certain if they were actually going to stick
with this thing and do the right thing with this project.
But seeing that Trump tweeted about it, not tweeted, truth, social, whatever you want to call it, on Sunday, I think is a good sign, right?
I don't think he'd be talking about it still if they were going to let it bleed and go to zero, right?
They would just let it do that and keep it on the hush, hush, and not talk about it.
But I mean, if he's going to be tweeting about it or talking about it, again, I think it goes back to I think they actually do.
care about it a little more than they've been letting on.
They haven't really talked about it at all in the last month or two.
And Sunday,
we got the first mention.
So I don't think he would mention it and put his name out there and link himself
to it,
link himself back to it if they didn't have some sort of plan for it.
Right.
So I do feel a little better on it,
you know,
after Sunday seeing that he is acknowledging it, right?
So I think that's a good sign.
Dude, he's going to pump it, man, into these unlocks.
Like, all the pairs look bottomed.
What do you guys think of Melania in that instance?
Zero.
You think that they're going to pump one coin to $250 billion
and the other goes to zero?
Yeah, I do.
Yeah.
i think milania was a money grab i think it's not going to trend it doesn't have the mind share
nobody has the same dying loyalty to milania that they do to trump man people do people love trump
like his followers would die for him you know like his supporters there's nothing novel about
milania man like that
Nothing.
Melania was the proverbial Birkenbag that he gifted her.
Yeah, it was.
Buy yourself something nice.
Yeah, literally.
It's trading currently at 100 million market cap.
It's not going to do shit, bro.
Like, it is a hundred million market cap?
They will pump it a little bit, but it doesn't have the same potential that something like Trump does, in my opinion.
And I was playing Melania initially, by the way.
But I sold it all and I, you know, moved it back into Trump for the crime play.
What do you guys?
What do you do if they build out a whole roadmap for Trump and Melania?
A road map.
What is the road map?
What is the destination of the road?
Wouldn't it be funny if the amount of crime they committed was like no short-term or long-term
cap gains on only Trump and Melania coin, but everything else you still pay taxes on?
And it's just like...
The craziest catalyst.
That would never happen, but the road map, the crime road map.
Yeah.
Yeah.
Doge getting a little perky, guys.
Such a, I mean, in a way, this is the, what is this?
Like the total two chart, I want to say, kind of.
Put it up down below and take a look.
But there are a lot of alt coins that look like this.
Mm-hmm.
Yeah, Doge up top, total two down below. Pretty similar. I mean...
Isn't it Doge going up first that kind of signals that memes as a broader sector are about to get rotated into?
Or am I just imagining that?
You are not imagining that.
I mean, it's like Doge is like the Bitcoin of meme coins, right?
So it's like when Bitcoin starts to perk up, people start to then chase shitcoins, right?
It's also that wealth effect because...
They like so many Normies hold Doge that it goes up.
They have more money to put into other coins.
For sure.
I mean, I really still think Doge looks good here.
Kind of a textbook retest.
It's just doing this really like aggressive high time frame, higher high,
you know, locally, higher low, shaking everybody out.
But I really think that Doge, I mean, Doge is probably going to get multiple ETSs this cycle.
Or at least there's going to be a lot of these like ETF, ETP products that are like,
you get exposure to Bitcoin, ETH, XRP, Doge, you know, a few other ones.
And Doge will be in the mix with all of them as part of your like diverse crypto ETF product
that boomers like to buy, you know?
What do you guys, if you had to guess, what do you think the current odds are for Doge to have an ETF approved in 2025 are?
Is there a market for that?
I'm probably going to be.
There is before July and one before December 31st.
I would bet at least 60 or 70%.
I think, well, given the retardness in the world, yeah, I would say realistically 20.
So the approval before July 31st is 39%.
And the approval before December 31st is 71%.
That sounds about right.
That's the retardness, yeah.
You know what?
Also has around those odds, Jackets.
But what is the volume on it?
Because like I feel all of these polymarket bets, you know, I don't think they are very representative if they are trading sub like $1 million, usually.
Like you want to see some volume on those.
Well, most of them are trading like sub 100k volume.
But there's price pretty efficiently generally from what I've noticed.
I'm not sure about that.
We're just illiquid.
Yeah.
But I think, you know, I think Polymark is pretty good representation, but you need to
consider that volume in order to, and obviously it will depend on what it is, but you want
to consider the volume to take the credibility of that market.
I don't know, looking at Trump, I still think the Trump, I think,
It looks round the bottom and it looks like the market is running out of sellers.
But I would still tend to think it goes slower first before higher.
But also what I said at the beginning, bottoming process.
And I think longer term, you know, again, it's a bet, you know, under the circumstance,
those guys are not complete imbeciles.
But buying around 10 bucks might prove to be a decent one.
Crime fractal, Jackus.
How long are you thinking, Jackus?
I'm not bored with that fractal, unfortunately.
Not saying it cannot happen.
The problem is, is you don't believe that there's actually enough crime out there.
You still have faith in the system.
Is that big short I'm hearing?
Yeah.
you still think that they won't do whatever it takes to make billions of dollars no i think they will
i just think that they always uh first make everyone so discouraged and wrecked from it
before they actually do it like even if you think of oh eight they made you believe that they made
michael burry like thousand times guess himself
and he was right and they and those banks were already falling and those mortgage you know
what is the word for it mortgage back securities yeah but i meant the i meant the i meant the um
insurance on it, right?
I couldn't find the word insurance.
So he had the insurance bought on it and it wasn't valuing it at the time.
Oh, credit defaults was.
Yeah.
What it was what it was supposed to be, right?
Until at time.
So like I agree with you that they'll pump it probably to billions,
but not before they make people suffer enough.
and bait them on the other side what we'll see you're 100% right i would just feel like down 87
is pretty damn aggressive you know like what do we need 89 you know like it's it's there's been
a lot of pain on it you know especially for people that are higher you know that's what i mean
when i say baltoming process and i think again under the circumstance they are not
embeciles these should be good levels
I just think that Trump is bottomed when Solana is buttoned, and I'm not sure on Solana just it.
That's fair.
Yeah, that was my one thing.
I was the kind of worried about Trump was like when Seoul was looking really weak, you know.
But I'm liking the strength the last couple of days of Seoul.
I mean, I don't know if you can call it strength, but nice move off the lows for sure.
And I can't help to the, the, the, how soul is playing out.
And I've talked about this fractal before.
I can't help not compare what soul looks like to what Eath looked like.
Obviously on a super lower time frame, but right when it kind of broke out of its bear market base,
it looked very similar to that where we kind of rallied from 2K to 4K.
Okay.
Kind of where Soul is bouncing from now.
I don't know if you're able to pull that up or I can pull it up.
Yeah, you're free to share, Louie.
Take the screen from it.
I can pull it up here.
I'm going to have to clean this up.
Hold on one second.
I have a feeling that my ETHFUD arc is going to be transferred to Seoul this year.
I'm not going to lie.
But I think we continue this bounce on it with that said.
Yes.
Yes.
Do you have your screen up, Louie?
I don't see anything.
Yeah, I'm just, I'm pulling it up.
Give me one second.
Have you seen, by the way, in the meantime the crime they've done on auction?
Yes.
Can you pull up auction?
I don't even know what that is.
Auction?
Yeah.
Oh, my.
With it out of the lock, because lock doesn't do it justice.
Oh, my God.
It's just, I was watching it during the upside, and I was like, are they going to
rag it the same as can't see?
And I was thinking, if so, how high will it go?
I didn't go as high.
Like, because, you know, I've seen stuff like this go when it went to like 70 bucks.
Well, I've seen stuff go to like 200 bucks, you know, 300 bucks.
Dude, what was that? What was it, TRB?
Yeah, TRB.
Was that the crime that happened?
The greatest crime I've ever seen it.
This was the greatest crime of all time, this thing.
And it happened on New Year's Eve, I'm pretty sure.
What about OEM?
Dude, look at this thing.
That too. O.M., yeah.
What about OEM, Max?
You can compare crime.
There's so much crime.
What?
Yeah.
Dude, why did we not buy this thing?
Why has nobody talked about this?
Apparently, it solved all cancer in the world.
And that's why it's trading worth is.
That kind of reminds me like the INJ chart a few years ago.
Dude, this thing is up.
It's bare market low.
Are you kidding me?
42,000, 40,000 percent.
And no one's talking about it.
I've been observing it for a while.
Dude, you know what?
It's crazy.
It's going to end up doing this, too.
It's going to end up doing this right here.
You know what the chart is waiting for?
For you to buy.
It's waiting for you to buy.
He bought.
Sell it.
I'm talking about you.
You listening.
That looks like.
Oh, I know what that chart looks like.
I prefer not to speak.
Oh, did someone give us a super chat?
Someone gave us a super.
You guys missed my super chat.
I'm sorry.
I haven't been reading the chat super closely today.
You need to be super closely reading the superchits.
Because you're a super boss.
Okay, Jackus, does that not look like the micro strategy chart?
Um chart?
A little bit.
No, not yet.
Not one, or like, you know, maybe in May 2024.
Okay, I'm a little torn on the XRP chart.
So...
We were by the way discussing it, I think...
Yesterday.
Yeah.
Max, how do you feel about XRP flipping ETH in a few weeks?
I'm fine with it. I don't really care.
Like, it probably will.
As long as ETH can move up a bit, I don't really care.
Like, it doesn't mean anything to me if it does or doesn't.
You know, I just would like everything to move together and XRP will probably outperform.
I mean, maybe.
But this feels like it's running out of steam to me a little bit, where then you have like
good news, sells off.
More good news doesn't really do anything, right?
What's really throwing me off about XRP is.
is the Bitcoin pair looks completely cooked to me.
Like this-
What?
Dude, look at this chart.
This looks fried to me.
This looks like it's going down 30% from here.
Like this literally looks like it's going to go down here.
You need to zoom out more.
I'm on the 12 hour.
You need to more weekly.
Weekly.
This chart is going to 10K.
I mean, it could.
I just don't know.
Like, okay.
I'm not bearish xRP.
I'm just like I'm indifferent here because this doesn't look strong to me.
This looks like a local...
I agree with you that this one could go to like sub 2.4k.
But generally I think this one goes higher later on.
It's more about the timing.
Yeah, it could.
If this was just random poop coin, you know, like we'd be looking at this like, yeah, you know, this looks pretty damn distributive, you know, like that looks pretty damn distributive to me.
No, man.
You know, Mark, I feel you're sort of in a revenge against it.
Because if this was Pepe, you would be drawing a triangle there without the range.
And it would be saying, this is a continuation to the upside.
You'd be like, oh, yeah.
And then you would use the bottom line for the more, you know, like right side or like the middle, middle week.
And he would be like, oh, it's fine.
And I agree with you.
I think it goes to two, like, you know, objectively speaking, I think it goes to 2.4K here.
First, before it goes higher.
I'm just saying that if this was a random coin, I still would think this goes higher.
It probably holds this range.
Like I have no, like, I'm not suggesting that this is going to, like, go down here, right?
And retrace the pump.
But to me, it feels like you would do this first, right?
Yeah, I agree with that.
That's all I'm saying is, like, do I think now's the time to, like, shove XRP?
I don't know.
I mean, I'd probably just watch the Bitcoin pair and just wait for a good level, even the mid-range, right?
Right.
like wait for a level because this to me feels like you've been smack down at the range high multiple times
i mean i had control like 15% against bitcoin by the way i still think this is unfortunately the case
for most coins on their btc pairs still i agree with you i i think that's like the downside that's
coming on the btc pair as as bullish as i'm on in the higher timeframes um i still think uh
This is the fate for nearly all alt, though.
This little drop that you had drawn there.
I mean, it could.
I do not agree with the fact, if you can just quickly go back, Max, before you go on to anything.
I just do not think that this is like a huge distribution that goes to something like, I don't know, 1.4K, right?
No, I don't, I don't.
And I didn't say that, by the way.
I don't think that it does.
I saw you showing levels below the week from February.
So I suppose that gets me confused.
Jackus is calling you out, bro.
I don't know what.
I don't know what level you're talking.
I just had this range.
I mean, I think.
Maybe I miss saw that.
You know what this looks?
You know what this looks like?
It looks like the sole ETH chart that looked like it kept putting in the top and it never did and just kept going higher.
I think I had an initial, like I didn't take a trade on it, but it was like I had when I pulled up XRP, I think I had something like this, like a hypothetical.
I think we were talking about it on an old stream where like it would take out this wick.
and then move up or something.
But I didn't take it, but XRP BTC, I don't think.
I mean, maybe I had something on there.
But I don't know.
Like, this just looks like it wants to come down.
Put up Seoul.
Put up Seoul, East.
Okay.
Wait, wait, wait.
Can you put Soul BTC then next to it to the XRP BTC?
I just want to check and maybe even East BTC.
Next to it.
Next to, yeah, yeah.
No, no, use the plus function.
They just one chart and just put literally the same XR Soul BTC.
Okay. And maybe let's try Deutsch BTC. I'm just, you know, trying out.
It's funny how we memed Soul BTC looking like ETH BTC into reality.
Yeah. I still find the XRP BTC to still be the strongest from these.
And if that drop comes for XRP BTC, I still tend to think that that likely means 15% or more drop on other alt too.
When I look at like here's Doge BTC specifically.
This one seems really bottomed out to me.
Like this feels really bottomed out to me.
Yeah, I see that point.
So this seems more bottomed to me than like sole BTC.
Soul BTC to me feels like it has like supply overhead, right?
So like Doge to me looks bottomed.
Soul to me looks more top.
And then XOTD is kind of in the middle where like high timeframe is bullish, but locally I'm like, I don't want to touch this against Bitcoin here.
By the way, going back to that sole BTC chart, I think that leads to new laws, which should still mean new lows for SoulUSD.
And that still, I think, is the case for Trump, potentially.
I mean, it could just be this, right?
Like, you could get like this and then you come back down here, you know.
I'm not sure I'm seeing that rate of that high above the red.
I think that was the spike already.
But I could see if you zoom in a little bit, yeah.
I think it goes more to like, what is it, 18,000, something like that around there.
Yeah.
Yeah, I can see that.
Yeah, I mean, this chart is just, I don't know, man, this is, here's the thing.
It's like, if it reclaims, if it, like, does this, then it's a great long, you know?
Yeah, yeah.
But it's like until it gets back up there, I'm just kind of like, yeah, I don't know, you're floating in no man's land right now.
Yeah, and one thing I learned is that when, especially all the BTC pairs, maybe Tommy, you can give your take on this, but when all the BTC pairs break from their clear distribution and start their trending, you know, you can add any email on that on this chart, EMA.
Usually that's going to last for some time.
Yes.
Now, Alt-BTC is highly, highly cyclical, I feel like.
I mean, it's on a case-by-case basis, but the trends,
the uptrends for alts against Bitcoin last a very short period of time,
and the downtrends last a really long time.
Yeah.
Waited nothing happened?
Do you see that?
Yeah, yeah.
Are you serious?
What's going on?
What's going on?
I don't understand why.
I think XRP tags like five bucks, five or six bucks before it rolls over on USD.
But all right, my trading views cooked.
It's over for me.
Maybe it's because it's on that second chart.
Maybe try it on the first.
There it is.
Yeah.
All right.
All right.
What kind of like a connection?
I don't know what to think about this.
That looks like higher.
Yeah.
Like if you wanted to deviate these highs, right, that you see from 2021, you had the first spike above.
But probably was hard to look at Soul B&B as well.
We're looking at pairs.
I think you have a tradable pair, Soul B&B.
Can you flip it, Max?
Yeah.
CZ Maxis.
I mean, it's quite clear that, you know, a lot of alts have room to play catch up to Soul.
Yeah.
That said, Tommy, what do you make of the BNBUSD chart?
It's really hard for me to make sense of it because it looks completely schizophrenic.
Yeah.
Is it crazy to think that this chart probably comes up here?
Okay, I kind of feel like you're not getting like above here.
Well, that's the high we just discussed on the sole BTC pair there at the red.
Okay.
Yeah, I'm just, I'm not liking Solona any pair, not even the USD one.
No. And by the way, we've been talking about how Soul BTC and whatever,
sole pairs were starting to look weak months ago, honestly.
Yeah, we were.
We were talking it. So it's like we're not late to this, you know, this notion.
We were talking about this for a long time, man, a long time.
That's funny. What I find funny is that we can always get a stream in which one guy will call a sperm bear and the other will call a sperm bull.
Because there is some guy who is like that calling us sperm bears.
Yeah, no, not at all, bro. Totally.
Like literally at the start of the show.
We like I keep repeating this for like a week and week out.
We are at the bottoming process.
This guy comes in.
These guys are permobbers.
Like, how do you even debate with people, right?
Like, it's so, especially when you read like text, right, like a chat or comments and so forth,
like you do not see their facial expression or anything.
You cannot know if like they are serious, are they trolling, what is going on.
Yeah, it's just funny.
Are they perma bears?
Bro, he saw my portfolio.
You'd have no question about my position.
They can call me whatever they want as long as I'm making money.
Yeah.
That's how it works.
I really think if Heath can, and again, big if, big level, but if Heath can reclaim like
22, you know, hit 2,200, reclaim the range low.
i think you're going to see a lot of i mean a lot of stuff getting bid when eth is back in this range
like this is such a significant potential reclaim i even then would be targeting like up here
honestly there's this is the biggest cm egap right here for eith i think you can really start moving
Like right up in there, you know, if you can get that reclaim.
Especially because we didn't like stab into that, like in that little curl up we had before that the next big drop.
Like we probably should have stabbed into that on that move, on that first curl up.
But if we did, I was probably more or less telling me that we, you know, that was the top for Eath.
But the fact that we left a lot of this liquidity behind, it didn't even attempt to stab into those levels.
I love that we're saving it for later, right?
It feels like we left a lot of liquidity behind on ETH to come back for it later, right,
which would be the climb back to range high.
So yeah, you reclaim this range.
I think it's very plausible we come up and at least deviate the range high and fill that gap.
That makes a lot of sense to me because I was expecting it on that last curl up and we never got it.
Good point, Louis. And I would add what Max was saying before.
Do you think they're not going to pump it to billions and study crime?
Well, I would say, do you think they're not going to fill that CME gap?
That CME gap will be filled.
Study BTC from last cycle.
Like, wait, what's coin doing today?
Okay, nothing.
I want to look at the ETH-ETF gap.
Yeah, man, these gaps need to get filled.
Yeah.
Oh, the boomer hates gaps on their charts, man.
The boomer mine cannot, they cannot leave a gap.
When can the boomers give me ETH options on a equity brokerage?
That's the better question.
Why don't we have ETH options already?
We don't.
We'll come until the end of the cycle.
But why?
Wait, don't you have options on Deribate?
Yes, but the liquidity for TradFi is just so much better and more convenient.
Yeah. I do like if you when looking at this chart, I like that anybody who has bought in the EPPTF is underwater.
This is like you're coming into that max pain level where anyone who's anyone in Tradfi who bought this is now, you know, we're in that potential deviation area.
No one's in profit. People are likely giving up.
And I think that, you know, you make that reclaim that we were just talking about.
I think it brings the pain to a lot of people that either sold or shorting down here.
And I think you see a big move back to the upside.
But you need the reclaim, right?
You need to.
Yeah.
There was a question I just noticed.
I do not think that BTC missed key levels.
I think BTC has already done quite contrary.
I think few...
Few alts haven't hit them yet.
I think BTC has hit them.
I think this is a perfect spot for BTC to bottom and stay strong.
And I think we do not need to see lower levels.
And I was mentioning actually this before we got the drop,
that I think this drop is likely to come and front run
that march high from 2024 at 73.5K,
which is where literally everyone is looking to buy.
Yeah, Bitcoin tends to front run those major levels.
Not only that, but like there is a major level and that is the diagonal one.
And it's always about the context.
If you, Max, if you can please, and I know you're cooking maybe like on a search chart,
if you can put just quickly Bitcoin weekly over there.
You know, and you can draw a line that connects, maybe you can put it out of the log, just normally, yeah, and just connect April 21 to March 24 high with a single line, just single line, really.
Now, you can do it precisely even.
Yeah, this is already good, but even if you do it precisely, right?
you already had that tap plus if you were to go on log then you can even connect uh you can even
connect um the july or what was it september 23 low with this august 24 low yeah and you would get a
perfect confluence and um it's always about context yeah extended yeah awesome and so
That's a bottom, bro.
A lot of compliments.
Double the power.
I generally think that if you are hitting some, you know, that March 24 high,
73.5K, you would be going lower.
Yep.
That's what I've been saying for a while, Jackus.
They don't understand.
People don't understand that.
You know, if we were to break, like, if we were to broken out and then retested that level,
like early on in the breakout, that would have been fine, right?
But yeah, yeah, yeah,
months into this potent, this,
quote unquote breakout for Bitcoin, right?
So returning to those levels to your major market structure that you broke out of
and spent months and months ranging in is more of a sign of weakness than a bullish
throwback in my opinion, right?
Yeah.
If it was a bullish throwback, it would have happened weeks at most after the breakout, right?
But we didn't.
So coming back to that level at this point is more of a sign of weakness in the uptrend and in the breakout.
So and that's why I was kind of pounding the table when we were coming into, you know, there's a lot of liquidity levels where we bounce from. And I was, no one was paying attention to those levels, but everyone was looking at like 70K, 73K when we were already at good levels.
And I had the same mindset.
I was like, I want to see it bounce here, you know, 77K, because if you start coming lower, 70K, 73K, I think we're going to have a longer term downtrend at a minimal.
Right.
And this is it.
Louis, Louie, Louie, what do you have in the background, bro?
Are you cooking up some bullish propaganda?
What is that?
Yeah, that was the sole fractal I was talking about before.
I want to see that.
We got to look at that.
Look at that bullish propaganda.
Yeah.
I see some similarities how they left the wick there on the eth one.
Yeah.
Yeah.
I mean, this is when down below, this is when Heath was just give you guys some contact.
This is when Heath was coming out of the bear market, right?
We finally got above, you know, this major level, right?
This major horizontal that pretty much was our bare market base broke out of it.
And everyone expected a big rally, but we pretty much chopped and ranged up here for a while.
And, you know, this was obviously on a smaller time frame than sold, right?
So use that as context and take it, take this fractal with a grain of salt.
But, you know, I would agree with Jack is that, yeah, this looks like it wants to come and sweep the lows, right?
You know, you already came all the way down here.
Sure, we're bouncing, but it looks like probably, you know, your logical...
as an analyst, you would expect a bigger sweep, sweep all the levels and go.
But a lot of people were waiting for that on EVE here, right?
And I remember this. A lot of people when we broke out here,
Everyone got pulled up.
Like this is the rally.
This is what's going to send us back to all all time highs.
Got back below.
And once we came back here, everyone was like, all right, we got to come, you know, like
down here, right, at a minimum.
We got to come here or a little lower.
And we stopped on a dime and did not break down, right?
Held the lows, refused to break down.
And then we just drifted higher from, you know, to pay.
This thing went all the way on a ripper to 4K.
Right. So we have seen scenarios where structures like this failed breakouts retesting, you know, your range lows, we have seen structures, you know, on ETH.
that stopped on the dime where Sol is now, got a nice bounce and slowly just drifted higher.
Not to be a party pooper.
Just, I think there is a major, I think this is an excellent fractal.
On its own, however, I think we need to take into account the bigger context different.
And that's that ease was really coming out of a different situation at the time
and mainly breaking that bottoming range that we've spent the whole 2020 and 23 in.
Versus Solana here was sweeping all-time highs and that top literally came on that Trump launch.
Plus on that, so like you have a structural break there on Seoul while on ease you did not really have it.
And also on this last leg down, you see that strategic crypto reserve announcement spike to the upside, which you do not have on east, even locally.
So I think there is a contextual different higher time frame, just as a lower timeframe.
But it can look on the first go that they are very similar.
But I think, again, this contextual difference will play.
Yeah, this was sweeping a high, right, where this was coming out of a low.
Right.
So that is the big difference, right?
You know, it is a fractal.
So, but yeah, yeah.
I mean, look, like, they got to kind of save soul here.
Right.
There's a level to save it.
it's pretty much here right i think if you start coming lower below this red line this red
area here i think i think you have a lot deeper to come right i think if you first if you start
to flip that upper line that you have there on soul i think that's that's a bullish case for
yes yeah 100%. yeah this this means nothing right this is just a bounce but if you continue to drift
and you start to reclaim these highs
I think it's game on, right?
Confirmations there on a reclaim of this level, right?
But, yeah, I mean, I'm not trading this.
I don't hold soul or anything.
But apparently, I'm a too old.
But I hope.
Yeah.
So I would like to see.
Like, I'm in the camp where I think we're going to see a fruitful all coin and crypto
market going into the next couple of months.
And I don't think we see that.
with Seoul continuing to bleed lower, right?
Sure, I think there's maybe a lot of outperformance against Seoul, right?
I think tokens will do a lot better.
But I don't see a world where Eith and Alcoin begin to rally from these levels.
And Seoul doesn't rally along with the rest of the market.
Sure, it'll underperform because it has outperformed for the first half or most of this cycle.
Right. So all have a lot of catching up to do against Seoul.
But, you know, I don't see a world where Ethan Holtz rally from here and Seoul doesn't rally as well.
I think one fair point I want to mention here is that even if Seoul underperforms against other majors, we've seen the same situation with Pepe and Ease.
Ease has been underperforming everything and Pepefell still outperforming big time.
And I think the same thing could be said about Trump.
You know, like...
You need Trump, you need Soul to be bottomed for Trump, in my opinion,
but you do not need to see Soul outperform in order to see Trump outperform.
I think you just need Soul to not nuke.
Then Trump will probably do fine.
Yeah.
I think the audience wants some action, some steak dinner bets.
Some action, like a soybean action.
Tommy, we still have a bet going.
We do. I think it was...
I haven't written down, bro. Let me find it.
I don't remember the level on ETH Bitcoin.
I think it was by September, though.
Here. Here it is. Look at. I got it right here.
Modified February 18th.
Max and Tommy New Bet.
Let's see what it is.
Where Eith BTC above 0.06 by end of September, Tommy buys Max a steak dinner.
All right.
So, oh, boy.
Yeah.
I'm in trouble. So I need these highs swept by September.
That's a big number's a long way away.
I got time.
Wait, wait.
Oh, we are on Louis chart right? Wait, let's see.
Because we cannot see the highs.
Oh, you're on Louis chart.
Yeah, there's a Louis chart.
You need to flip that.
Oh, boy.
Where's that red line?
Juice.
Yeah.
Just gives me an excuse to come in and go to mannese.
Dude, I got some work ahead of me, man.
I got to get this fucking thing above 0.06 by September.
You know what?
I think if he's BTC were to go above there,
I think Tommy would pay you like 10 dinners.
We all end up winning if the best cash is very real.
Yeah.
So September, okay, by end of September.
So I have, let's just say till right here.
all right we got to start cooking man we got to start curling up i need something like this to
bail me out is what i need i mean if this chart at least goes to this is what
0.05 i think everyone will be a winner i'll happily buy tommy dinner
But I mean, hey, look, when EFBTC pumps, it goes quick.
That's what we know about it.
So there's a chance.
Like I said, September is a long way away.
That's true, too.
I think the seasonality will be completely wrong this year.
Yeah, I think that's a given.
Like in a way where we usually see, you know, August and September sell-off.
I think we might not see that this year.
Yeah.
Yeah.
So, ETH summer.
Hold on that minute.
Defy summer.
Run it back.
Dude, we had sole summer.
Last bull market, I remember.
Remember the last summer I convinced myself, surely we're not going to just be inactive for the third summer in a row.
Sure enough.
Sure enough.
The worst trading conditions known to mankind.
The fourth summer will be the one.
But there were some opportunities, right?
There were definitely some opportunities.
I did at least hit that August dump on everything.
That was...
kind of my only good trade of the summer if you don't include may what do you guys think
maybe last one to discuss of all the delisting exchanges are doing lately crime they got their
free tokens and they dumped no point anymore thanks for playing yeah literally
thanks for playing got to go yeah good game
I think it's good and probably bad.
I'm sure you could find a reason to justify both labels.
It's good in the sense that there are way too many FN tokens right now.
liquidity is way too dispersed. We need people to believe in a small number of things rather than, I mean, yeah, just like so many tokens right now, especially in the all coin market.
Bad that I would say is, you know, just to play the devil on my shoulder. Exchanges are committing increasingly more blatant crime.
and listing their coins, delisting coins for, like Coinbase, for example, they've been delisting
Solana meme coins and listing a bunch of Coinbase scans. Like, I guess you can't-
Base listings are crazy on Coinbase. They've been so ridiculous, man. The ones did yesterday.
Like, I haven't even heard of some of these assets. I know. Dude, I don't, I mean, here's the thing is like,
The crime, not just Coinbase, I'm not picking on just them.
It's all exchanges right now.
Like for the first time and ever, they kind of have the soft green light to just do what they want to do finally.
And they've been scrutinized for so long.
So I don't really blame somebody like Coinbase for like,
giving base projects some preferential treatment, right?
Why would they not, you know?
For once, they can finally have easy mode.
They can finally just do what they want to do, make some money, boost themselves a little
bit.
It makes perfect sense.
Is it right?
Not for me to say, you know?
But here's what we know about it.
If there's going to be crime, there are two types of people out there.
There are those that won't play because there's crime.
And there's those that must play because there's crime.
So all I'm saying is like, if you know that there's going to be crime and you know where it's going to be, just go where the crime is.
You know, I must position myself on the side of the crime.
You know, Trump is going to pump his shit coin.
I want to own it.
Coinbase is going to give preferential treatment to base projects.
I'm going to own base, you know?
Like I'm going to buy base shit coins.
So I don't know.
I'm kind of okay with it because like it's obvious.
Like we know where it is in my opinion.
But I would sum up the Coinbase listing memes with a single meme here.
We are selling.
to willing buyers at the current fair market price.
Exactly. Coinbase is happily going to sell you their allocation to giga to willing a willing buyer at a fair market price.
There's nothing wrong with that. The masculine urge to fud coinbase while needing it to list one of my scans.
Literally. I mean,
You know, I know why all the exchanges did it because the liquidity was going away from centralized exchanges to Dexas.
And so they were missing on all of those juicy fees.
But it was, and I'm not defending them because it was, you know, their fault in the first place too.
Because, you know, they did not pump my bags, fundamental bags.
And so people ran off to memes on dexes.
But so yeah, so they did it to get that liquidity back on.
They started listing every shit.
And all shit started to go down.
And now they're delisting the shit.
And by the way, that's another thing about base FAR coins, which we were talking about earlier.
Like, it's going to end up getting listed on Coinbase for that reason, in my opinion.
Like, it's a base project.
You can see who follows it.
You can go to their X account and see who the mutuals are.
You can see that people are keeping an eye on it.
They're giving preferential treatment to base projects.
It's parachuting well against the OG fart coin, which has the collective mind share of everybody right now.
Just swim with the crime, you know?
Like you kind of know, it's kind of obvious when you know where to look, you know.
You start to see the pattern.
So I don't know.
Be there a more fish.
Yeah, literally.
Swim with the sharks.
All right.
Tommy.
Tommy.
Tell them all about BB Terminal, brother.
If you would be so-
All right, guys.
If you enjoyed the show today, if you liked what you heard,
maybe you're looking to hear more from the team or, you know,
potentially use some of our product offerings that we use in our everyday trading to potentially improve your own.
We've got a few things that I'd love to share with you guys today.
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But fortunately, we do have a way that you can do that at a discounted rate, potentially, along with our Discord, which I have yet to mention.
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And last but certainly not least, you know, I've kind of brought this quote up a few times over the last few shows because I feel like it's,
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it. But yeah, that's it from us, guys. We hope that you enjoyed the show. Market Check will return for another episode tomorrow at 11, 11.15 a.m. Eastern Standard Time. That is typically when we get started. Of course, don't forget Market Talk with King Wabi. That is hosted through his X account as well as because Bitcoin X account.
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We hope that you enjoyed the show.
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