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Market Talk: 130k BTC soon?UpOnly loading up! FOMC Powell cuts rates!
Recorded: Dec. 18, 2024 Duration: 1:13:51Space Recording
Full Transcription
whole thing with trump's tariffs right because they will strengthen the dollar with some of the
things that he's got going on with that and you know a strong dollar does wreck the markets a
little bit so we have to see what he's going to come forth with but you know until then until his
day in the office not really too concerned also the vix spike today like a 50 pump i think that
should retrace right back down by next week so not too worried about like bitcoin and the market to
be honest and uh yeah fart coin man what a pump from the lows bro it's just crazy because you know
this market has just shown you that like some of the dumbest craziest narratives are just the ones
that are going to play out like no one would have thought that you know fart coin which came out of
you know goat's yes maximus is going to flip goat and like turn into this crazy super bullish narrative
where it's like this huge joke and you know hedge funds are coping like you said and all this kind
of stuff it's it's it's crazy to see you know you can't rule anything out is what i've learned
yeah it's the the trenches are gambling dude i uh i actually went to the casino yesterday
and dude i saw this asian man dude he had like uh he had a top hat on smoking a cigar drinking a
modello and i saw him win like five grand and he just had the coldest meanest mug effort dude
and i'm like man dude this guy would absolutely kill it on soul dude it's really nice to see that
i've never been in a casino my entire life but i went yesterday and it's like dude to see the
trenches irl and then have like solana and now base as i do think base is catching up to soul here
um and seeing that like be financialized through like the craziest sounding tickers
is beautiful to see and you know what's crazy donnie um and i don't really see the timeline
paying attention to this except those you know very very small few but trump bought the dip he bought
uh of course it's not really much he bought like a quarter mil uh of ena but regardless right like
we have a president-elect buying shit coins like he is actually trying to hold a small line right
trying to create some bullish sentiment you know what i'm saying what are your thoughts on that brother
man you'd love to see it like literally the person who is bullish crypto is not only speaking it he's
putting money on the line for it you know he's investing in the space so that's what you want
to see it's just like another extra little bullish cherry on top of what's to come and um yeah just
excited for 2025 you've said it so many times wabi just survive till 2025 and let the market do its
thing also i forgot to touch on this when i was going over btc like a lot of these people that are
watching these micro movements on low time frames and stuff like that you literally if you're one of
those people you just have to ask yourself what are you going to do here are you going to sell to
rebuy lower like are you actually going to risk doing that when you've waited this whole time plus
your bags are already down if you're you know down on positions on soul or whatever how like you're
selling the bottom range to try and buy back lower like when has that ever worked you know just like
literally chill and just wait if we get a correction what's to follow is probably an early
alt season which i'm not expecting yet until bitcoin goes like much higher than it is now
somewhere around you know 130 to 150 before that first correction and pivot into alts so if it happens
earlier so be it you know your alts and stuff are going to pump right after that you know it's the
the market's not going to wrap up until they extract as much as they want to extract out of here and
you know if the collective consciousness is thinking we're bearish right now it's just not going to
happen they're never collectively right so you know let the market do its thing and just wait be
patient and like you know don't be so fearful because nothing has actually happened a seven
percent correction on bitcoin you want to sell to buy back lower makes no sense you gotta love it dude
and uh and shout out to your trade with memes ai it blew through uh a hundred mil man that uh i i fumbled
that trade i fumbled that trade pretty hard uh but it is what it is man as long as uh some other
people are winning we also have chill in the in the audience man my goodness bro shout out to chill
was up here on uh spaces i think last monday and was screaming and gave this thesis about griffin
and it pumped from 50 mil to almost half a billion in market cap dude if you guys have been tuning into
this show man you have been printing hand over fist i also gave you guys eliza at like 30 mil that one
hit an all-time high today at 150 seems like they're getting uh a finance listing and you just
love to see it man you love to see it sometimes uh we get it wrong but but sometimes when we hit it big
uh we hit it pretty damn big right uh but man chill brother congratulations on that trade with griffin man
what's going on brother hey appreciate you man gm to everyone hope everyone is doing well uh sorry
uh if i was i'm late to the spaces here was um looking at uh the uh the december setup um on the
previous election years and uh you know needless to say i'm bullish but yeah man i mean look markets
have been running for you know uh i believe it's been like seven eight maybe nine weeks um and we've
been like you said printing hand over fist man that when the markets are easy you know that's the time
to be aggressive and and take advantage of a lot of these easy uh setups and you know griffin was uh
was one of them i wasn't as vocal about it because to be honest i haven't done a lot of research
uh into griffin literally my research was you know the co-founder is shilling it all right bet let's
hate you know what i mean so i definitely need to put a little bit more time into the fundamentals but
uh you know happy to catch a play man you know there's just not enough time in the day it seems
to dig into you know every one of these projects but um you know that strategy that you know i've been
literally beating the drum on every time i'm on this show over these last uh you know few uh weeks and
months uh is you know buying these you know minus 80 percent corrections from all-time highs on these
uh on these ai tickers on solana i mean you know it's called jeet lana for a reason right um so if
you go in knowing that you just use the jeets to your advantage you know if they're gonna provide you
an entry no matter how high the price goes you know it's at a certain point it's just a matter of
uh sizing and uh being able to you know whether it be you know set set a limit order uh if you're
trading on chain which i mean there's so many uh different uh tools that you'll be able to do that
from um or just you know monitoring these setups yourself but um again it's it's easy mode it was easy
mode for uh for a really long time and uh you know that was one of the strategies that you know
allowed me to find uh you know assets like griffin uh tickers like and and ray dude ray was another
great play my goodness man that one uh surprised me i'll tell you that i'm not gonna lie man like i
don't want to like sound like i'm i'm like like um you know uh just tooting my own horn but it at a
certain point like we've had so many uh runners i was vocal about being uh bullish on eth at the
bottom when you know people were trying to expect more downside when people were saying you know
memes uh will be will continue to be the runners into 2025 etc uh no one was looking at utility and
so you know we caught a lot of these plays early man we caught xmw at launch at like i mean at launch
whatever the price was at launch like and now it's ran to what 120 mil we caught barry
um really low we caught serve at launch we caught ray at launch and and these things are you know
50 mil 100 mil plus um so i'm feeling really good about the market but one thing i do know is when
the market does get that easy um you know you do need to watch out for uh you know sort of uh a local
top and and and i think that's what we've hit and not to say the bull market isn't over um you know
i'm looking at um so far i've looked at eth total three others and i'll look at bitcoin here in a
little bit uh but december 2020 all have showed a correction around today december 18th 19th um
it's uh it's shown a correction of you know minus 30 or so and then we go on to rip face uh and uh we
a lot of these charts they're rallying 900 percent 800 percent uh 700 percent so i remember that look
man markets have been easy these last eight weeks that's just a preview of what we're going to see
over these next few months you know and if if altcoin season is starting and altcoin season is
supposed to run for you know what is it 88 days 90 days or whatever the case may be q1 is looking like
you know a really good time and honestly these dips for anyone that sidelined anyone that was too
scared to buy you know the charts that were uh that were screaming higher um you know anything good
should be on a dip now and it's it should be uh you know this is the time to uh you know get exposure
if you're not exposed to the market because what typically happens after this is you know just
freaking parabola yeah that you know you know i remember man that pullback that we had in december
of 2020 and then we had avax launch uh in like late december and avax went kind of nuts and i was
talking to one of our guys tommy who his biggest conviction trade for the cycle uh has been hyperliquid
and he printed like he printed a fucking miami mansion uh on his point shout out to tommy dear god
and i kind of think hyperliquid uh could be similar to to avax and go to ridiculous valuations and
create a spark in these markets we also had a pudgy penguins airdrop uh yesterday it wasn't really much
but could be a little stimmy that people use to buy some of their favorite altcoins um and man i did
not catch xmw i did see the kaduna tweet but i just didn't ape it but uh base has been pretty good
for some of these ai players man ai xbt ray a few others as well virtuals is quite possibly one of the
most bullish projects in the entire space i still consider all this a meme honestly but it seems
that there is some utility and apparently bully um that's like that that one ai guy that like replies
um like a bully or whatever uh that one is gonna be launching um its own protocol i'm pretty sure
donnie knows about it dolan and all these things are probably gonna trade at a billion plus
right i know virtuals is already trading at three billion but nonetheless man i'm gonna pass it on
over now to mr spread spread what's going on brother what did you think of uh pal's presser today man
and just the overall conversation kind of seems like this was pal's last chance to strangle the market
and push it to the downside as much as possible before uh we begin the official trump pump arc and
thanks for coming on the show man how are you feeling hey wabi hey guys so we we're gonna talk
about that that part first or we're gonna talk about the part that i gave you josh whoever is here
in the panel frazier ai like nine dude congrats on that one dude congrats i think that one hit like
120 130 mil yesterday yeah it was 23rd 23 million when i gave it to you and josh can go man yeah and
i mean it's it's i don't know i think it's such an under and it's like it has zero checks listings
right now it's sitting at 140 mil and i don't know why people were slipping on it i mean fucking
elon musk retweeted the tweet about it and people just slept on it but okay it's fine by me i mean
let it rip higher and like and there is another one which i'm watching right now i don't know when
they're gonna get the listing but uh it's like this is very stupid but i see like part going going when
doing what it's doing i don't know if it's gonna do like even half of what parkoin is doing
it's hitting around 40 million cat slap some shit like this so but they have what attracted me
actually to that one and i'm gonna jump immediately to like important stuff like really not so digit
stuff but they have i don't know 100 and something eth blocked for the next six months in their
liquidity pool i never seen something like this on the screener and i'm not saying that i like you
know i'm one one of the trenches guys but i've seen like a few hundred good projects that they
passed through my hands and through my research so yeah watch also that one i don't know when it's
gonna rally if it's gonna rally but i like it so slap is the token now i agree with you on that man
like that's kind of what attracted me to ray when it first launched they locked up like forever um i think
they burned it and everything and it was like two mil plus of liquidity on ray when it was at like
six mil market cap so that that definitely does matter man like lock like real lock liquidity does
actually matter when you uh when you size into uh you know these lower cap memes and all that stuff man
but hey dude congratulations um on frazier uh i didn't i did not ape into it my mind just races all
over the place when it comes to these stickers can i say one thing here can i say one thing here
one of my favorites one of my favorite small cap authors from united states his name is ian castle
he said something along to this one of the most important qualities of a successful investor
long term so someone who is like constantly uh making profits in the stock market is watching
other traders or other people making money on opportunities that he passed on man and i think
this is like one of the one of the quotes that always stays with me because especially in a bull run
you don't have the time you don't have the mental capital you don't have the the logistics you don't
have like the capital even like also money capital right to catch all of these ones and you cannot
swing from the fences for all of them so it's it's fine you know like i saw fartcoin like you guys said
like 100 million i was like ah fuck and i coped and i coped and i was and i think i was here in you
in this space is with you and donnie last week and it was around 400 million and i said listen one of
the biggest indicators that this motherfucker is gonna go higher is the fact that i'm not buying it
and my trad fi mind it's still coping and it's like it's it's it's too stupid to go higher and guess
what now it's already 2.5x since the moment when we were talking about it and it's like one billion
valuation i even wrote like something uh i i wrote like with valuations and pe ratios and everything
i wrote like a funny tweet about it but it is what it is just don't forget i mean don't don't spend too
much time on on frazier if you missed on it it's fine if you you're banking on other things but you
asked me regarding the federal reserve and what happened this evening oh i made a tweet about it
because i think after the great financial crisis and especially after covid a lot of trad fi uh people
didn't have the um the elastic elasticity right the the the capability to adapt to the new
liquidity like global liquidity conditions and for example i see a lot of people tweeting and
retweeting you know oh powell said that the the quantitative tightening is continuing well
motherfucker quantitative tightening started in june 2022 bitcoin is up 250 since then like
72 000 s&p 500 is up 1700 points that is 44 percent all while federal reserve was doing
quantitative tightening so uh if you are just stuck with analysis paralysis thinking that is like one
plus one equals exactly this well you're gonna have a bad time also going forward because sooner rather
than later and i think trump is gonna play a role in this they're gonna stop the qt right so they're
gonna okay then i then they don't have a reason to start the quantitative easing without a major crash
but they also not they're not gonna reduce their balance sheet so liquidity we also had some type of
stealth liquidity in the system like stealth qe etc but this is another discussion regarding powell and what
he said i think it was a very bullish speech in my opinion the only kind of bearish part that people
or the markets i think got scared of is because the dot plot showed only two cuts instead of four for
2025 but even that i think people were i don't know markets participants didn't pay too much attention
to it or to the context because he said it's gonna depend on what we're gonna have in 2025 yes we reduced
it because we are in a very sweet spot where the economy is growing gdp like it's 2.8 percent i think
in the last quarter we can see what's happening with the stock market housing is good everything is
like okay housing was a bit shaky but the other elements like growth is on a good path so they're
in a sweet spot where they they don't want to overdo it like to cut too much but also they they don't
want to kind of uh strangle the economy with uh with a too tight credit cycle and i think this this
was the best take from from this and they're still gonna cut but maybe they're gonna cut a little bit
slower so they don't have some type of re-acceleration of inflation and now regarding donnie's question
regarding the dxy this is another i think this is another problem because a lot of people came into
this space and i say this space to the crypto space or into the trading space and investing
after covid and they miss a lot of key elements from classical investing or from the macro side but
from the good macro side not from the doomer side because it's not that simple not all the time when
dxy is rallying it means that it's gonna fuck up with the stock market or it's gonna fuck up
equities or or risk assets we have and we had times in the past where dxy was also rallying and also
in the same time we had s&p down just nasdaq or bitcoin or riskier assets also growing the the main
reasons which i think are behind this kind of joint rally not inverse correlation between them first of
all i think it's because of the liquidity conditions and risk appetite of investors which were kind of
hungry for investing after covid and after the bear market which we had in 2022 and early 2023 plus the
economic the like the strength of united states economy and the data that suggests all of this
i mean we have strong u.s economic data we have a robust job market and the figure shows this and
we have better than expected pmis okay on on the construction side and the manufacturing side we're
still in in contraction but we are like at 49 if i remember but on the services we just printed 58 so
the economy is going good in that side and this is simultaneously propping up not propping it's like
um fueling the rally in the dxy but also in the risk assets because i'm from europe and i know that
we're in like big problems right now because of our locomotive like germany has issues since the
war with russia and ukraine started so most likely smart money when i say smart money i'm saying bond traders
and traders that really know what they are doing globally hedge funds etc they're allocating to
u.s equities like the like the stock market u.s uh u.s also to the treasuries right but also in the
same time to the dollar because let's let's face it like why wouldn't i also hold my like a big chunk
of my portfolio until i see that like more aggressive moves from trump to kind of devalue the dollar but
this this might happen in the next six to nine months why wouldn't i hold hold also most of my
portfolios also in in in dollars and i'm i'm from europe i think 90 percent out of my out of my funds
are right now either invested either in in in u.s dollars and the only thing that i have in euros are
my like monthly expenses and the things that i need for my day-to-day things so for the people who think
that necessarily a dxy still going higher for the upcoming months might be super bearish well it's
okay you're right up to some extent that a strong strong dollar kind of dampens a potential like even
a more um explosive rally from risk assets so yes we need a weaker dxy but uh growing dxy does not
necessarily mean that we have problems in the economy that you know everything is gonna crash and like
no it it just means that we can still go hand in hand for some some time and when dxy is gonna top
that that's the interesting part because if risk assets smp down just nasdaq rallied along with dxy in
the last in bitcoin and crypto um along with the dxy in the last seven eight weeks they rallied together
what can happen when dxy tops
yeah that's another thing too man and the fact that like this market has been rallying and we've
seen these escape velocity type moves uh with all coins right griffin the latest token to reach escape
velocity goes from like three mil market cap all the way to half a bill far coin pretty much has the
valuation of a unicorn publicly traded company all these things have been happening while dxy has been
dxy has been rallying over the last uh couple of weeks i think and that that that goes back to some of
the things that have been said uh on our shows right like what happens when we start to see eat btc
go up only right what happens when we start to see btc dominance have have like weeks where
it closes the week down like eight percent for a multitude of weeks you know what i'm saying
so spread you have your hand up man what's going on brother yeah i just wanted to add two more things
because you know i'm gonna speak on my boomer trap five things um two other aspects one uh on the
same thing with the dxy it's regarding central bank policies because already feather reserve is
hinting towards a soft landing which as we can see powell actually did it and they're also doing
this while they're controlling inflation without triggering a recession because of a high interest
rates which could that strangle the economy before but this can boost the risk assets and also the
the dollar because the market's pricing fewer rate cuts than anticipated so this is like an interest
rate differentials against the other central banks around the world and another thing why and this is a
this is my own theory why i think that the dollar is rallying is because of the market sentiment and
positioning from trap five and what i know that towards the year end we have the adjustments and
the early year strategies and this can play a role actually investors usually they they reposition
for different events and for different factors and if you're thinking about this we still have
kind of a mixed situation globally so why would why wouldn't i keep also my cash position in dollars or
even buy even buy even more dollars when yes the situation globally is okay but we still have that
war there china is a little bit weird with taiwan we still have the conflicts in the middle east so
why wouldn't i also hold whatever type of fiat or whatever type of cash i have in dollars as we're
speaking yeah that's facts man spread you know what's crazy man when we look back on 2023 i think it's one
of the only few years uh in modern history i want to emphasize modern history one of the only uh you
know trading years where we had commodities rip we had risk on rip and we also had the dollar rip
isn't that crazy spread that that that that was an anomaly and i mean hey man like when we look
back on if you're just a market participant and you look at like biden's record i think he did a
fucking phenomenal job when it comes when it comes to what's happened under his presidency man
pepe happened under his presidency i can't even imagine i cannot even imagine what is going to
happen when trump gets back into office it would not shock me to have uh binance and kucoin accessible
to u.s citizens again man because the the current sec administration is going to be flipped on its head
it's going to be icos all over again and speaking of icos danny sesta did uh that hey anon ico or whatever
on phantom i hope it goes well man because if it does that is going to be the bat signal for
crazy shit happening man um but yeah that is something else but look we got about 20 more
minutes uh i'm gonna go to church here service starts in about 40 minutes i'm about 15 minutes
away so here's what i'm gonna do okay this is your first time listening guys this is your first time
listening we are because bitcoin if you guys have enjoyed the stream over the last 40 45 minutes feel
free to give us a follow here feel free to give that giant yellow sign a follow feel free to give
all the speakers a follow we go live throughout the week first show of the day is on our youtube
channel usually hosted at 11 a.m est shows called market check i'm gonna go ahead and actually post
one of our highlights from today's show one of our guys jackus goes on a rant about elliot waves and all
that stuff uh no no don't don't say that don't say that he was actually joking about it he was
joking about it but people don't know people don't know you're gonna put a lot of fucking shit on his
head no guys jackus is a price action trader he's an awesome trader he doesn't know that he does
don't listen to this guy don't listen to wabi no no no no no no he was making a joke about it he was
making it like a like a light-hearted joke about it he wasn't serious about it but yeah we uh go live
on youtube throughout the week 11 a.m est and then uh later on that afternoon at 4 30 p.m 4 40 p.m est
we go live here with market talk hosted by me wabi where i'm joined by panel speakers traders all
that stuff where we rant about markets both shows usually last for anywhere from an hour and a half
two hours sometimes three hours depending on the day so if you guys have been enjoying this content
this is your first time tuning in feel free to give everyone here a follow and feel free to tell a
friend to tell a friend about us here at because bitcoin so look here's what i'm gonna do i'm gonna
pass the mic uh over to ragsy and see if she has any questions anything she wants to bring up
regarding markets and then we're gonna end off uh with prometheus and get some final thoughts from
everybody ragsy what's going on hey thanks for having me yeah i love this show a lot i learned a lot
from you guys and thank you again uh for being on my show a couple days ago it's very insightful
hey guys we're correct i mean bitcoin bitcoin uh went up no surprise you know over over the past couple
days um i'm so bullish obviously for 2025 you know i think um after listening to some of the
things you guys had to say a couple days ago on my space i went and did my own research it does look
like we are primed for a very bullish q1 of 2025 so i'm less concerned of the short term on how we
how we finish out this year because a lot of my plays are more you know longer term full cycle plays
some things i've been holding since even like um since 2017 right but i bought a lot of things in 2023
um so i was planning on holding them long term which is much different than like the day-to-day
uh mean coin trading but um yeah so i i have a very bullish outlook especially for q1 of 2025
so the temporary ups and downs i'm not as concerned about it i think where you really have to be pay
attention a lot is if you are doing you know the the short-term stuff the short-term trading that's
where you have to be careful right if you're taking out leverage and things like that but for me
personally i'm not a leverage trader i do like trading the shit coins that you guys were talking
about earlier you know some of those are very very short term they're they're in and out but that's
a very different game than the mass you know majority of the crypto market especially the more serious
projects uh projects and blockchains but overall um yeah i'm glad it's like crazy you know if if for
people have been here and been paying attention uh for a while or even if you were buying in the bear
in 2023 which was the new local bottom from bitcoin right it's been like quite a journey it's weird how
you kind of like blink and now here we are in the full-blown bull market kind of waiting for the height of
the cycle you know i personally believe i've heard a lot of the mixed opinions there were some people
saying they think the bull run is going to end this year and not go into 2025 but i don't agree with that
so i'm i'm really looking forward to q1 in particular and um then we'll kind of see how it goes from there i
still think you know top top memes will definitely be a very dominant narrative going into 2025 in addition
to obviously bitcoin ethereum and these top alts i don't think they're going away just because it's
it's served to be such a huge retail draw uh which we saw last cycle right in the the 2020 2021 bull run
you know doge and shiba really caught the attention of mass retail traders because it's easier to consume
and understand for most people and i think that's why we've had such a trajectory with some memes
and even you guys mentioned fart coin like earlier it's like why in the world would that do so well
well it's really appealing and attracted to retail investors that don't really care to know
the ins and outs of the blockchain and cryptocurrency right you don't have to know
too much about crypto uh to buy something like fart coin or a meme coin like that right
so i do think um you know memes that have performed well over this year are going to continue to perform
well uh next year because they've already kind of asserted their dominance in that niche in a way
and yeah overall i'm just i'm looking forward to 2025 i want to see uh you know see these prices explode
i've been waiting for eth to explode for forever when it's going to happen i don't know but i think um
that's when i'm going to get really excited once we see like ethereum breaks a 5k mark finally
and then go upward but i have noticed uh you know different trends emerging this quarter uh so like
people are starting to approach me asking me to buy some of my nfts in my collection and that wasn't
happening a few months ago so that's also like bullish for eth it shows like people are anticipating
the eth uh price explosion soon because a lot of my you know blue chip nfts are eth based
and usually traders try and scoop them right before uh the price explosion because that's when you start
to see uh those kind of digital collectibles really really skyrocketed especially the blue chips so
that's one thing i've noticed i started getting dms from people asking to buy some of my collections so
that's bullish for ethereum um but yeah overall i'm excited i'm excited it's been a great bull run and
like i said uh you guys were dead on with your ta a few days ago and thanks for having me on i
appreciate it thanks for coming up prometheus what have you got for us brother what's up man yo bro
how's japan bro long and gone brother i'm in the midwest now oh my god wabi bro why didn't you send
me some pictures bro oh i thought you're out there why finding that waifu no no brother i already i've
already i've already got one man but what's going on brother damn all right not much um
uh chilling today i mean that like the fomc was crazy today right it's kind of i don't even know
i'll need to go like do some more research um potentially why we sold off but i mean that
that's always happening right everybody's always searching for a reason why everybody's searching
for what yeah everybody wants to you know find out the answer to to whatever is going on and there
always needs to be a reason and then you're gonna have probably these people over the next the course
of the next 24 to 48 hours coming to some like revelation on why you know we sold off so i'm kind of
curious to like scour through the timeline and see why see what everybody's reasonings are and i know
though from a sentiment perspective everybody was pretty focused and dialed in on for or for the cuts
and then being pretty bullish for low and mid caps and that ultimately like we just kind of rugged it
was kind of it was really interesting how how today played out right you had
you i mean everything just seemed pretty thin and vol obviously like just exploded today
and you had i think 1.5 trillion dollars in value um decrease from the stock market like that's that's
pretty crazy when you have days like today and then also the rsi is that the same levels that we were at
when covet happens so i don't know if that's a top signal or or what but yeah um ragsy had some
interesting points that people are trying to scoop nfts from her that's like i've been saying in the
spaces like that's one of my top signals is when these super illiquid sectors in the market become
really illiquid again i though i'm hyped for q1 for sure i mean from just an e-seasonality perspective
i think that there's a lot in store that eath just has kind of been patiently and casually waiting
to display and show to us of what it can truly do and once that once eath really starts going i think
that you're probably going to have majority of the meme sector most of your you know your your better
names of the cycle probably put anywhere in from like 200 to like a thousand percent moves uh pretty
quickly as well i don't think i think the liquidity is going to i think things are going to get really
frothy really really quickly and then potentially have a blow off in like late march to early april
and then maybe get another top at the end of q uh the end of q4 2025 i am not in the camp i'm not
going to sit around and you know hope and pray that you know all 2025 is going to be bullish and
like that is just not the game that i'm going to be playing like i'm going to be playing on our next
significant leg up that you know ethereum pushes for new all-time highs and i'm targeting anywhere
from 7 to 9k and i will be looking to exit the majority of my positions probably come march
so that is something some things that i am targeting you know you're always going to have
you know bullish catalysts that people can you know sling off the top of their heads and you know
this is going to be the next greatest thing and strategic bitcoin reserve yada yada and blah blah
blah blah blah like no i'm here to like crystallize my profits here pretty soon and take advantage of it
but leverage right now you got to be careful on like people on leverage are getting absolutely
blown the fuck out like that is what i've noticed the past ever since we got up to past like 90k
the market makers have been vicious and they've been coming after everybody on both sides of the trade
so i think if you do get in on leverage go in kind of light and kind of test the waters like you could
always add on to positions but when we get you know further out on the extremes on the extremities
like feel free to like add on they're like going pretty heavy on your shorts or longs because
i think tommy was talking about like the mean reversion has been nasty and gnarly and when you
are on either side of that extremity like feel free to add size on but you know if we start getting
too overextended and things start to get a little bit bloated expecting mean reversion expecting
market makers to go for everybody's liquidations is probabilistic and that's what we're here to bet
on right and that's what's just been happening whenever funding gets too overheated whenever
shorts get too loud whenever longs get too loud whenever too many liquidations pile up
you know over 4k then all the shorts get blown out you know it's just like we've seen the same
regime literally from 30k you know one side gets too loud and uh market makers go after them while
we're ranging so that's kind of what i'm seeing in the markets right now i think that i might look to
add some size on to leverage here i need to look a little bit more into the markets i had a busy day at
work and kind of see the books see what's going on with order flow and you know just check a few
things but i might i might throw some size on here here in like a few hours you know all you know all
depending on what i'm seeing but yeah i don't think today is like anything to be scared of at all
like at all you know i mean you likely had some profit taking you likely had some like over emotional
trading you likely had you know i mean what we saw was a lot of longs get rinsed on that side of the
board so at the end of the day i think it's a healthy correction and it likely puts us and sets us
up for s p to go potentially north of 7k and it also puts bitcoin in a position to go north of like 120k
is what i'm targeting right now so and then ethereum to do all-time highs right and that's what
everybody's ready for and that's what everybody's hyped for once we get ethereum to do all-time highs
i think it's just like sit on your hands for you know 30 to 60 days and once you get to like that
you know three four week mark look to start to take some shit off the board like start to realize
some profits because a lot of people are gonna be yapping on the timeline and a lot of people are
gonna be yapping in your guys's ears like oh we're going to like 250k this cycle because trump is gonna
sign a 15 trillion dollar strategic bitcoin asset reserve and reserve currency and yada yada and
you're just gonna hear like the most like it's just gonna be nonsense like you're gonna hear a lot
of nonsense here over the next like six to nine to 12 months and it's important that you can like
separate yourself and like step away from that noise and look at it logically and that's going to
differentiate you from you know joe bob over there who round trips all his bags right so just some like
perspective to have on the market a lot of people are going to be way too bullish at the wrong time
like the time to be bullish are times like now where you have like the market the stock market losing
1.5 trillion dollars
it's like or in valuation it's like now is the time to be bullish now is the time to deploy now is the time
to get some bags you know some more spot bags filled you know when everything's up hundreds of percent
if not thousands of percent like start making some money because it's not money until it's in your
bank account like let's be real uh you know i you're gonna have you know your some of your best
trading buddies some of your closest friends in the markets who are like you know i've made half a
mil i've made a mil this year and they'll probably be lucky to walk away with like six figures like i'm
genuinely i'm like like genuinely so just some like reasoning i'm trying to give you guys i'm trying
to give you guys some like understanding that the markets fucking don't go straight up in a straight
line for forever you know it's a living breathing machine and it flows and liquidity moves from one
sector to another and out of sectors and out of you know the majority of the markets and into
commodities and then blah blah blah you know it's like they don't does not go up in a straight line
forever just some like just some reasoning there so with that being said i gotta go buy a fucking
wedding ring so i will leave it up to you guys and an epic cook session as always man we got grant
cardone up here who requested grant what's going on brother i wanted i wanted to know when when i should
buy and when i shouldn't buy i need some exact coordinates on that so so grant here's the thing
right what you want to do is tell me you want to buy high and then you want to sell low okay okay i got
that part figured out well actually actually i don't i don't have the sell up part figured out yet i i never
sell well what's going on brother how are you uh how are you viewing the markets man i know uh you and
your brother uh gary who's been up on the show multiple times you guys have been running some
spaces how are you feeling man i mean look man i've been waiting for the stock market to roll over
10 000 points on any given day it's going to come it's going to come and it's going to liquidate a
bunch of bitcoin um and that'll be a great day that'll be a great opportunity for anybody that
believes in that asset class so are you are you referencing like uh potential fallout from like
micro strategy because of all the levers that they've taken on to buy bitcoin i don't think i
don't think it comes from that i think it comes from that that donald trump my my thesis is donald trump
gets in office they're they're planning something to derail the doge plans uh
they're gonna they're gonna do everything they can to derail their plans to execute
they they being the other side um and they will um give him a problem so big like they did with
covid that he really couldn't run his his regular playbook but this time you know the for one example
is the drones over new jersey happens after the election and before the inauguration so something's
being planned to derail this dude and so that they can't execute on their plans because i can tell
you their plans are extreme and and they're extreme plans to fix this country so they mean it means they're
going to have to confront all these agencies these these 30 top agencies of which probably 20 of them are not
even necessary or needed they're over regulating the u.s citizen the game stacked for a handful of
people and if there is a black swan event it could roll over the stock market people will liquidate all their
assets in order to cover their their margins and it'll create an opportunity so i i don't think it's i don't think
it's about micro strategy i think he's got a long long way to go before he'd ever have a problem
grant do you think a situation like that would force the fed to bring rates back down to zero and start
money printing again 100 percent rate rates rates have to go rates have to go back down again
you'll never sell another house in this country if rates don't go down
donnie spread if you want to bring anything to grant feel free to do so man
hey grant listening for you for for years yeah i agree that the rates have to go down but
without i mean they have to they have to induce some type of black swan event they will not they
will not push the rates faster or start pumping the money in the economy like a quantitative easing
without a significant black swan but not the not the spike that we had just now with from from japan
you know when vix went to 66 on 5th of august so we need something like not that we need in order
for that to happen for rates to go lower faster and also for them to start again the money printing
we need like like a big systemic crash something that is going to last weeks maybe months in order for
them to take that course of action i mean another another option is that donald trump would impose the
tariffs on china and and the likes and suggest hey you're going to have a hundred percent tariff but
we'll we'll credit the tariff as long as you buy our treasuries so he he has the power to negotiate
that and you know he could force china to buy our treasuries that'll bring the long-term bond down
of the 10-year the 10-year treasury which that's what has to come down the fed the fed the fed drop
in rates does not necessarily mean the long-term the or the 10-year comes down but if you don't if
you don't get housing going again in this country like we're not selling houses anywhere houses are
not being sold the prices aren't coming down they might adjust a little bit but they're not coming
down enough to to move the housing stock because if you can't afford a mortgage you're going to be a
renter that's why we own so many rental properties because i believe rents continue to go the country
will become a renter nation and and then you know i don't know how many of you know we just launched
our first of 10 uh real estate bitcoin funds and and we're figuring out how to revolutionize a very
stable asset and bring bring along this new money asset called bitcoin to to explode our returns
grant so with all of this going on what are your thoughts on fart coin hitting a billion dollars
in valuation and being valued more than like things like kroger and walgreens and stuff like that
your your genuine take right your genuine take on uh on the meme on the meme madness that's that's
been that's been going on i'm sure it's come under your radar yeah it is madness you described it as
madness it is i mean i don't participate in the meme stuff so i i'm not i'm not in all the the coins
you know i i have two investments that's all i have so i'm always going to be talking my book and my
beliefs but um i'm probably going to miss a bunch of great opportunities but i'm gonna miss a bunch of
a bunch of bad ones too donnie you have uh anything that you want to bring up man i just wanted to ask
grant i'm big fan of yours bro i watched a lot of your stuff um i was wondering if you have a little
bit of a bias towards some sort of black swan event happening just so you can scoop up the dip
because i know you got a lot of capital ready yeah well no i never want i mean i never want these
black swan events especially especially ones that are are uh coordinated by evil people
i mean covid covid covid was a black swan coordinated conspired event on on the whole planet
and you people can call me crazy if they want but like where's it at today we don't even talk about
flu season it's november or december so that's all we were talking about then now all we're talking
about is inflation before that we were talking about ukraine so it's always an event and you're
talking about hundreds of trillions of dollars hundreds of trillions of dollars and and that
that's what's at play here and and the the powers to be want to continue to control those hundreds of
trillions of dollars yeah it'll be interesting if there is a black swan but then they come up with
a bitcoin strategic reserve they're technically being able to buy the low to get out of the mess
but obviously that would cause a lot of you know destruction among like retail and civilians
things like that which is brutal
but when that when that day happens whenever that is we'll have another one whenever it is
you guys all should be ready be locked and loaded you know know which which what your play is going
to be what you're going to go into because it always corrects and that's the good news you know
nothing ever stops we'll continue to go on there's eight billion people on this planet
uh 90 percent of them are going to be working every day and economy wants to go on we're going to
survive as a race and um people have to eat the next day and they have to need a place to live and
things go on we'll always survive we'll always continue the world goes on economies continue to
to grind and and and opportunities are created for everybody that's still playing the game
and and ready to play the game
is that it donnie yeah no that's it man cool uh ragsy prometheus show feel free to bring up
anything man grant did you uh did you buy fart coin
i'll take that as a no yeah i i asked him about it uh prometheus anything that you want to say
before i wrap up your brother no bro i'm good all right that's what's up man all right guys i do have
to go here now grant mr spread donnie ragsy prometheus chill want to thank you all for coming
on today's show once again guys if you've been enjoying the stream if you've been enjoying the
content that we've been streaming here for the last hour hour and a half think about an hour and a half
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show lasts about an hour and a half same thing with this show right here on spaces and speaking about the
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after the new york stock exchange closes for the day and again this show does last for an hour hour and a
half sometimes two hours or even three hours before you know crazy stuff happens right if you know we
see btc at 110k then of course like show is usually going to go on for two or three hours but on a day
like today as much as i want to keep streaming i do have something that requires my attention but either
way feel free to follow speakers feel free to follow that giant yellow sign and we'll see you all
tomorrow on market check thank you all so much once again spread donnie chill grant prometheus
everyone shout out to you guys in the audience that have that have been supporting us day in and day
out for the last couple of years it's truly been an honor i don't take anything for granted
shout out to my lord and savior jesus christ for granting me another opportunity to talk markets
with you all uh donnie i do see your hand up man what's going on brother i just wanted to chime in
for one last second because um you know i keep getting these dms of like people still being
fearful and stuff honestly if you just survive until january you know that's probably when we're
going to have the first market-wide correction for btc but this correction isn't something to be
fearful of keep your eye on eth bitcoin dominance and uh watch that money flow into eth and take over
you know for eth and old season i think eth is going to surprise a lot of people i get really bullish
when they keep negative sentiment right after they launch an etf on a product right so for ethereum
they launched it in july you got smacked under 3k 100 days of reaccumulation and then the sentiment
starting to shift now but watch when the big boys start you know taking profits out of bitcoin and
rotating into eth for those you know extra gains you know they might not want to hold bitcoin from
150 to 300 you know these are whales that have been in sub 20k sub 30k there comes a point where
they're happy with their profit but they want to continue speculating on the rest of the market
they buy eth they see it around 5k they know they can make another double on that maybe even 3x on
that instead of continuing to hold bitcoin and they keep rotating down the cycle and you know playing
these alts watch that that's going to be your main indicator you know of when the market is coming to
an end once profit has been extracted from you know bitcoin eth alts there's nothing really left there
you're you're going to expect the correction to come and then for the market to rotate back into
bitcoin so yeah just just stay stay uh stay chilled in the market until at least january for that first
correction and you're going to be fine let's go man let's do it dude we are walking in the most
abundant balanced wealthy and successful period of our lives we naturally attract good fortune and we are
wealthy in more ways than one we give ourselves permission to prosper and we have the power to
build the life that we desire that's a ct mantra let's go and um yeah well i think you were touching
on a little bit about like base chain and stuff bro there are some crazy plays on base chain like i was
fading base chain for a while but i'm seeing the volume pickup and all this kind of stuff some crazy
plays man keep an eye on my page i might be posting more stuff on there and things like that but like
think about it eth season you know coinbase releasing you know potentially not releasing
being in connections with you know the u.s government sorting out things on the back end things like
this they're gonna they're gonna come up with some crazy updates i think for base chain and things like
that along with the rise of eth so i think base chain is gonna get like crazy speculative the volume's
probably gonna go nuts in q1 and uh it's giving me like early stage solana vibes to be honest and
you know with inflows backing that etf i can just see it going nuts so i'm really paying attention to
some plays on there and i think it's gonna be good
that's facts man that's facts multiple protocols going over a billion dollars half a billion dollars
on base even more hitting well over a hundred million yeah base does definitely have uh
and they have that strength like on soul you get that jeet fest of like rotate rotate rotate
that eth strength on base like if you catch projects you know coming out early showing strength
man they just they just rip to like hundreds of mils like it's nothing it's crazy like ski mask all
these ai xbt something slightly unique dude it just goes to the hundreds of mils like it's nothing and
people just diamond hand it yeah things on east do definitely trade uh different on soul man but
i want to thank you all once again donnie pleasure as always spread prometheus ragsy grant everyone else
who spoke shout out to you guys in the audience i'm gonna go ahead and uh go to church now so
you guys enjoy yourselves don't get liquidated
go go go go go
go go go
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