Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
Market Talk: #BITCOIN HITS OVER 47K! 55k and alt season next!ETF NEWS
Recorded: Jan. 8, 2024 Duration: 1:54:00Space Recording
Full Transcription
have you i think that's simply a precursor of what's to come for the rest of our all coins
right and you know i know we had a little rough start you know over the last uh couple of days
to start off the year right the stock market kind of pulled back a bit people wondering oh is it all
over is this all priced in let's go ahead and front run the etf uh you know of that buy the
rumor sell the news kind of thing and the fact of the matter is i think the market has to look at the
actual flows when the etf gets live that is the most important thing right the approval in my
opinion is actually buying the rumor and the launch of the actual flows perhaps at that point we can
you know reassess like how does the market look at that point how does the stock market look right and
i'm here joined by jt who wasn't able to join us on friday i know he had um some family events he's
going to be attending to on friday so we're going to try to shoot for every monday to have jt on the
show and as always y'all this space is recorded and i'm sure some of our other guys will be joining us
here shortly probably the second half of the show some of our guys are still traveling out and about
from the holidays and all that good stuff so i'm your host wabi i host these shows uh throughout the
week at 4 20 4 30 p.m est brought to you by because bitcoin i want to go ahead and talk some shop
right this is a pretty pivotal week probably the most important week um in all of crypto right i
think when we think of the 2020s right and how that looks for emerging tech i think it's going to be
very similar to the 90s right where you know the broader tech spectrum was uh was welcomed and i think
you know in 10 years time if uh you were to tell anybody that you don't own any crypto or you don't
trade any crypto i think you're going to be looked at um as a crazy person right especially when we
look at uh the way uh the way jobs have been paying people out there's simply no other better
opportunity to expand your wealth um outside of the cryptocurrency landscape right because
unfortunately not everybody can land a six figure seven figure uh annual salary and you know that's
just the way it is uh mr spread i'll go ahead and send you an invite if you'd like um guys if you
want to come and join us by the way just uh just click request to speak and i'll bring you up at
some point um after me jt and naka uh give our initial thoughts man so you know what man um i'm
excited i know some all coins right now are um bleeding against bitcoin but fact of the matter is
over the last two to four months we've had quite the quote unquote alt season but it's kind of uh muted
right usually you'd see tokens uh like a say go from one bill to 50 bill but i think it's going to
take some time and most of all most of all and this is one rule that i'm abiding by for the next 18
months 24 months patience is key patience is key and patience will eventually pay off so uh mr spread i'll
go ahead and uh invite you again and naka i'll send you uh co-host um for uh to be the second
co-host if you'd like brother but uh speaking of patience man jt i know you got into uh some new
positions man after you uh almost cleared your entire book man so i'm gonna go ahead and pass it
on over to you man uh first and foremost how was your weekend brother oh it was great man we we're
trying to uh we're trying to get some of our kids they were battling a little bit of a bug
over the holidays so we had that whole deal run through the house but everybody's doing good
and we're excited about the new year and i apologize for missing you guys obviously um last week they
started their basketball practice so dad's got to be a dad every once in a while so i think this is
actually a better day to be frank with you um to actually have this call because i think there's
some pivotal things that we need to discuss and that's what i'm here to do so without further ado i'm
gonna kind of just give you a little snippet uh about the equity market because i know why
everybody's here um i did uh sell my iwm when we spoke last i thought that was a really tactical
move because it was i hate to say you know i never like to toot my horn but we bought the bottom and i
kind of sold the top i mean and that was just i kind of got lucky i got lucky on that one i just saw
some divergences and um i consequently re-entered a position today um on small caps in particular iwm
there's a unique little pattern developing that i looked at and it and it could very well play out
and i hope it does um as we've talked about before small caps tend to be an indication of liquidity
entering the system and it also tends to be very beneficial for things like cryptocurrency so um we'll see
if it works out but we do have a nice wyckoff accumulation pattern we had a a break of resistance
but then we put in an ugly shooting star candle to close the week um and i had sold that thursday
prior so i i was fortunate to miss some of the downdraft but i did pick up and nibble a little bit
on some today so markets in general uh s&p that's going to be our benchmark that we kind of go to i know
people talk small cap tech and all that um s&p is really the driving force behind um a lot of my
calls and right now you know the s&p is just you know just a just a hair away from where it previously
was just under 4800 so 4800 is still going to be that pivotal area we want to see that broken with
conviction um we've mentioned money markets before being a real big um impact potentially if we can get
you know joe q retail or joe six pack back in this market that would give us the i guess the quote
unquote finale that i've been speaking about for many months if not a year and a half with my own
people for for a long time so but i do need to make mention before i get to crypto and speaking of
equity markets how important that area is the last thing we want to do is have a double top and the
worst thing we could do is have a marginal new high and then double top and then roll over that would
be bad for everybody and that would that would move up my timeline uh considerably as as it relates to
the potential backside of the mountain so we definitely want to see some conviction um i will
say that one stock that really leads the market is apple it did a really good job of bouncing off
its 200 day moving average so if we can keep the big one still you know keeping it going for us i think
you could start to see a broadening of this rally and hopefully a final push to new all-time highs on
all indices not just the dow jones and nasdaq so um i'll put a thumbtack in that for now because i
know why everybody's here is because of bitcoin and we want to talk about that so here we sit 47 000
and changed on the lower end of that uh but as many people know um i have my own personal thesis as to
what i believe is going to transpire and it's the one call that i actually pray i'm wrong about um but
it's that area that's immediately overhead uh between the 618 and the 786 fibonacci retrace and
i even mentioned before wabi when we discussed this how it would be so apropos to have the etf
get approved right when we were nearing these critical areas on the chart now to your point
we don't know what the flows are going to look like all right so i personally believe it's going to be
a barn burner i think you're going to see a lot of volume you're going to see a lot of uh retail
finally get some exposure to something that they've been wanting and clamoring for for a lot of
a long time honestly uh i don't know if people know the history of bitcoin but the winklevoss twins
actually tried to get one approved back in 2013 a long story short it didn't happen uh but ever since
we've had the uh the introduction of bitcoin futures we've had the gbdc uh we've had uh things like
fiddle and a lot of people have played um the market through the miners um as well so there's
been accessibility to bitcoin exposure but never in the form of a liquid etf such as that we're going
to get hopefully with the approval this wednesday i believe is the uh the deadline for that or at least
the approval or denial on the um the spot etf so with that being said there's a very unique little
window whenever you get an approval on an etf and i'm just speaking to the mechanics here of how these
things get launched in the marketplace there's going to either be an approval and let's just say
for the sake of argument on this call that it is going to be approved um there will be a slight
lag between the approval and the physical launch of the etf itself okay so dependent upon how long that
lag is will determine a lot of what i'm going to talk about this evening so and and what i'm
referring to there is bitcoin dominance and how that translates over into the alts and how they
look going forward in the next few weeks to few months so but before i get there let me kind of
go back to bitcoin so on bitcoin as it relates to the technical aspects of this particular coin
the granddaddy of them all we've got a few things going on um on the weekly i'm going to go with i'm
going to i usually start monthly but i'm going to start weekly right now well actually let me start
daily i'll go daily weekly and we'll zoom all the way out to monthly but on the daily we finally
got right before i got on here i posted that we finally got a bull cross on the macd all right so
that's a really good sign at least for the very short-term price action that we're seeing some
bullish movement within the oscillators themselves and again i'm speaking technical jargon here i know
why you'll break it down for you know everybody that wants it sesame street simple and i'll try to do
that as i wrap this technical aspect of the marketplace up but we got the daily macd cross
so that's a positive but again that's a daily so it's a lower time frame but as we look at the
weekly and specifically i'm looking at the stochastic rsi combo oscillator right now we're starting to
finally get a little bit of a hint of a curl and this is a bit of a rare curl because it's what i call
a mid-cycle curl meaning that although the week has not concluded and although the weekly oscillator
was pointing down upon last week's close meaning that most swing traders would have been in a flat
or bearish posture um on bitcoin based on that oscillator alone we're starting to see that this
price action is is pulling it away from the gravitational forces and trying to curl it up
the last time we had such a curl up the big one uh was i'm trying to pull it up here was right when we
broke out from the 30 000 range and we actually had a pretty significant move there so it can happen
it does happen and it seems apropos because of where we're at with regards to the new cycle
and with the etf ideally what i'd like to see is a con a confirmation of a bull cross i would prefer
that even midweek i'm good with that i don't have to wait until sunday um at utc close to see that
happen to have some idea of what the oscillator is going to be printing as we near the end of the week
candle print the other thing is i look at something called a vortex indicator this is two oscillating
lines uh that has a bull line and a bear line i will mention to you and this is important okay we are
at levels on the vi indicator on the weekly that came in conjunction with prior cycle tops but what's
unique about the vi indicator is that it is a lagging indicator the last time it peaked for example in
our last cycle top and i and just so you guys know when i refer to a cycle top a lot of times and this
gets misconstrued so many times when i talk technical analysis even with those that i'm i'm even trying to
train on my own in our private little group that we have i consider 65 000 really the top 69 was what we
call an irregular fifth it came on very low volume it was when retail was chasing as a matter of fact
most altcoins had already crapped the bed to use an expression so that was more of an echo top or a double
top but the reason i'm talking about 65 is because when that vortex indicator the vi indicator topped
it actually topped prior to the actual price top okay that's very important you hear what i'm saying here
because we just hit that same level on the weekly vortex indicator literally last week now the time
that went by was roughly about two and a half months before the the absolute top came in and i'd probably
say let's err on the side of being conservative maybe it's closer to seven or eight weeks now that's
interesting that's very interesting and i'm gonna i'm gonna tie some repo market talk in here at the
very tail end of this and how it relates to my timing of this particular cycle so we've got that
going for us the other thing we have is a weekly rsi very strong very bullish it was threatening just so
you know it was threatening a bear's cross last week um and it has avoided that as a matter of fact
the price action today and even yesterday has helped it to escape have some escape velocity away from
the rsi moving average and again that's on the weekly time frame now as we jump to monthly all
right and this is really where i kind of this is where my bread's buttered as it relates to
real tops real cycle highs real cycle lows when do you buy when do you sell so when we look at the
oscillators in regards to this we are i would say within 60 days of our vi indicator hitting exactly
where it did on its last cycle top back in march of 2021 and i could even argue that it could be
sooner than that maybe even 30 days so because it's a monthly chart because we're in the early
span of january i think today what's today the eight um this does not get another print until the end
of january my suspicion is as long as price is maintained at some level around where we're at or even
higher we're going to tag on the top of where the vi indicator peaked at its 65 000 top back in 21.
we also have a similar topping structure on the stochastic rsi the rsi has a little bit further
to move but it's my personal opinion that we'll see a bearish divergence there and i'm going to speak
to that here momentarily so just going back to recap what i just stated so we can kind of just cram
this all into a very short thesis from a technical perspective the daily looks great okay the weekly
looks good the monthly looks good everything is aligned the stars are aligned but this is where
i have to add my cautionary note and keep everybody's euphoria at a very tempered level because it's my
personal opinion just like i think with equities we're nearing a very pivotal moment um i think you're
going to see if we get the 4800 break on the s&p with conviction we see a weekly close over that
level and i think it's actually 48 18 48 20 don't quote me on it is a specific number but then you're
going to start to see those animal spirits start to reemerge people are going to get their statements
they're going to be wondering why they're sitting in cash earning four and a half five percent thinking
they were really really smart only to find out that the s&p did 26 last year and the nasdaq almost
doubled that performance so no they haven't been very smart and when you counter in the impacts of
inflation and taxes these people that sat in cash all last year have actually not moved at all as a
matter of fact some of them are probably gone backwards marginally when we look at the purchasing
power of what they're for four to five percent money market bought them so my point being is this
people are going to be mad they're going to be chasing portfolio managers get paid for performance
a lot of them were wrong-footed um last year they were not correct in their call and as such they're
showing some pretty piss poor performance so there could be an accelerated type of catch-up
and that catch-up will come from the liquidity within two sources um first off i need to mention
the repo market i i mentioned how bitcoin has a very interesting oscillator setup that looks like about
a one to three month you know time frame give or take of where i see pivotal areas coming into play
on the oscillators as well as on the price chart well it just so happens that the re the repo market with
the federal reserve and the way that they've been adding backdoor liquidity um in spite of their
job on boning the markets uh trying to jawbone the markets lower let me rephrase that uh with their
rate hikes they've been giving backdoor money to banks through their um and we talked about this last time
wabi um with their backdoor facility of liquidity and they're also doing it through a reverse repo
operation that particular bucket of capital runs out sometime in march okay that's very pivotal you
got to understand that that's really key then we also have record high levels of money market funds
it wouldn't shock me in the least if we were going to get this bump up it's going to probably come
from a technical perspective first and then from a you um an emotional uh perspective secondarily
so if we are to get the equities to go to go where i think they can go based on some measurements
all right to new all-time highs on all indices and that would include russell by the way and it has the
longest uh the biggest gap to make up that would also coincide with bitcoin hopefully doing fairly
well because unlike a lot of people that believe in four-year cycles inhabiting and this and that
and peer-to-peer this and decentralize that i can actually show a bunch of charts overlaid with the
nasdaq that kind of puts that that story to bed and and again i'm not here to argue that point i think when
we talk about the reality when bitcoin was formed it was formed at the very bottom of the last um
cyclical bear within a secular bull market bitcoin has never seen a true bear market okay yes we've
had cycles call it the covet episode whatever you want to mention but it really is a barometer of
the liquidity in the system and it's an alpha or beta play on that so when you are looking to i don't
want to use the word gamble but if you're looking for the terminology i guess whenever you're looking
for a little bit more of a nitrous boost your portfolio crypto is where people go to okay so
that's why that etf could really be a big deal people could actually try to chase performance
through bitcoin because they didn't get the performance they were hoping for in the
traditional legacy markets but as it relates to levels let's get to levels because i know there's
people that don't give a crap about an rsi they don't know what a stochastic is if i start talking
elliott waves and stuff like that they're going to gloss over and they're i'm going to lose people
when it comes down to actual levels we are sitting precisely under the 0.618 which comes
in in the mid 48k range for bitcoin that is the really tough area to get past and it goes all the
way up in a range all the way up to the 786 that's that cautionary window that we refer to i don't know
how many times on these calls but that goes all the way up to just over 57 and a half thousand now
it's a huge range but from a percentage standpoint it's really not that big a deal all right so
the reason i'm mentioning that is because i want to pivot to alts here in a moment because i know a
lot of people here are very um probably more focused on what are my alts going to do do i have a do we
have a cycle leg up left in this thing or is this all a bitcoin story it is my opinion that alts are
still in good shape when we look at the others chart when we look at the total three when we look
at the total two when we look at the technical structure of the charts themselves everything on the
high time frame looks okay to me um it's no secret that when bitcoin gets the spotlight though
alts get positioned into neutral so a lot of people even on my own twitter or xspace have been
like oh it's it's done alter over it's you know put a fork in it i'm like that's not the way this
works guys and and just to anyone new here the way that it works is when bitcoin's in the spotlight
and dominance is going up your alts are simply stuck in neutral and sometimes you can actually go
backwards and people be kind of pulling their hair out like what's going on jt it's simple
bitcoin's sucking all the liquidity out of the market right now but guess what ebbs and flows
all right just like the tide of the ocean it goes it comes in and it goes out all right the same
thing said to be true for liquidity in the crypto markets as well so when people get a hold of this
little play toy this etf bitcoin the bitcoin etf and they get bored with it or whatever they're gonna
be like oh there's this thing called ethereum oh there's this thing called solana oh there's this
thing called chain link i didn't know oh so a lot of retail is going to start to uncover the fact
that crypto is bigger than just bitcoin now regardless if you're a bitcoin maxi or not it
doesn't matter it's just the way the cycles have been since the inception of cryptocurrencies began
all right so here's the way i'm looking at this bitcoin dominance right now is sitting right under
right around its 0.5 fib i put out there publicly that i believe it could go all the way up to 618 i don't
see it really going beyond that uh not just because of the fibonacci but there's some other
aspects of the charts from a technical perspective where i just don't see it going much higher and
frankly with all the coins that have been introduced over the many years there's just there's not enough
behind bitcoin to steal more than 60 percent of the total liquidity pool in my opinion so here's what
i think it's going to play out 48 to 57 is your range high resistance for bitcoin i don't know if
it goes higher great if i'm wrong on this call great you don't lose and i and i don't know how
many times i have to pound the table about this people get all pissy when they say oh jt you're so
wrong you're a clown you're a total fool okay i'm a clown i'm a total fool uh you know we went long
bitcoin when everybody else was freaking out in the ftx collapse you know we went long alts when everybody
was freaking out back and no one wanted to touch it and bitcoin was going sure enough to 12 000
all right and that's you can go back all the way a year passed on my twitter line okay so when i'm
called a clown when i'm called a fool these are things that i actually relish because it it lets
me know i'm hitting a nerve with the retail end of my following and that's fine that's fine okay so i
will say this emphatically if there's a call that i could be wrong on this is a call that i pray i am
wrong on because if i am wrong if i play a defensive posture once we get to those levels
and i decide not to go along for the ride i pull my horns in i can go flat and wait for confirmation
to see if we break past these key fibs yes i might slip in a few percentage points but i will protect
my own gains and protect myself from any future downdraft that i see coming and and i will be the
first to admit i think it's going to shock a lot of people and i'm not going to get into that
forecasting right here right now my private group has an idea of this it would probably
scare a lot of people so we won't go there but let's get back to the alt story once bitcoin etf
comes out and it's approved and we finally get the um the real action in the marketplace i think it's
at that point in time where we start to see bitcoin dominance exhaust itself from a technical
perspective and then we start to see the slow bleed over back into the alt space and we will start
to see alts finally move now i need to make mention of something that i have talked to my private group
about and i'll make mention of it publicly here this cycle will be different than the last cycle
okay and what i mean by that is this when you look at total coins in the marketplace all right you go
back to the very first cycle go back to when coinbase was just a you know a new thing right whenever
when they had maybe just a handful of coins that were available whenever you talked about alternative
coins in that particular period of time you only had so many that you could go into so when we talk
about the dinosaur coins you know the bitcoin cash the lite coins um you know the ripples of the world
or xrps when you look at those coins there were only so many that existed so naturally when you had
the liquidity flow into alts they could rally exponentially because of the fact there was
a finite limit limited pool of liquidity and it was it was limited to a much smaller group of altcoins
well as it stands as of the last the the last check that i've seen we're we're rounding about 25 to 26 000 total
altcoins and when you look at the total market cap excluding bitcoin that's about three quarters of
a billion dollars actually it's at 775 somewhere around there so let's just call it three quarters
of a billion dollars make a round number when you take 25 000 let's just make this really simple math
here when you take 25 000 coins and you divide it by the current market cap and i know that this can
go up but if you were to divide it evenly across the entire space that would give every altcoin represented
only a 30 31 million market cap okay and mind you i'm not including the solanas i'm not including
the xrps i'm not including the ethereums so when we look at a smaller coin set you know you gotta you
have to realize there's going to be coins that are going to do astronomically well they're going to go to
the stratosphere but there's going to be some coins that just simply don't do what other coins will just
because there's a finite pool of liquidity to work from now i've said this and i'll say it here
i believe that if we get an alt season which i do believe we will have you will still see movement
in a lot of these alts even the dogs will see movement and even some of the lower performers as
i've mentioned before can easily be tracked by just drawing a simple fib retrace over their respective
prior peak to their prior trough flow to give yourself a general idea of having a plan of when
to possibly exit some of your coins the other thing and and again this is also pretty pivotal here with
alts alts are unique in that they have had three primary cycles but when you look at the monthly chart
i look at a couple of indicators and i posted this in my private group today but what happens
notoriously is you see a rally what i call an initial rally for your alts and you've seen that
already i mean all you have to do is look at some of your coins wabi i mean you talk about t and kaz
you look at things like solana that just ripped i mean literally ripped um but you have this first
initial surge and usually it's leaders of the pack that are doing that but from an oscillator perspective
you actually on the monthly what we've done is we've made our first initial peak which happens
to coincide right below initial resistance on the total two chart now i can't share that with you
because this is an audio only call but the fact of the matter is every cycle had an initial first peak
before the breakout occurred well guess what that peak happened last month and i'm referring to uh to
december right when that happens you always get a cool off period or even a meaningful correction or
dip what did we just experienced here in the last week or two we're getting a meaningful dip so putting
this all together and and again when you're talking technical analysis and when you're looking at
theses and you're trying to determine you know the big picture what i see happening is first and
foremost we need the equity markets to cooperate all right we need to eventually get past 4800 with
conviction and we need to do so on volume and we need to have joe six pack join the party all right
and we need to get these portfolio managers in alignment chasing performance so you got that
macro backdrop then you obviously have money markets chasing uh this market you also have the fed doing
their reverse repo operation so that gives us a tailwind secondly we need bitcoin i don't care if
you're an altcoin holder or you're bitcoin maxi if you're bitcoin maxi you don't care about the
all space that i'm talking about but you need bitcoin if you're an altcoin holder to rally i don't
care if you're stuck in neutral right now and you're pulling your hair out you're just about to
throw in the towel you need this rally here because until you get bitcoin to that next level
that next plateau alts can't perform so it's kind of one of those things where it's just that lag
effect so if you can be patient i love how you mentioned patience wabi on this call initially
if you've gotten this far my gosh can you not hang in there a little bit longer because once bitcoin
asserts itself and gets to the level maybe it doesn't break resistance but hey maybe it hangs
out there for a little while that's okay because if we start to see dominance break lower below that
618 level below the 60 area that's when you're going to see what i presume will be the last and
final move of the entire cryptocurrency space sometime before the first half of this year and if i might
be so bold sometime before the end of the first quarter of this year now let me mention to where i
could be wrong because i i just laid out everything that i believe is going to happen
if we did see a meaningful move lower in bitcoin and a rejection um that would be that would make
me a little concerned if we also saw an equally uh stiff rejection on the s&p at 4800 and i'm talking
about a real rejection i'm not talking about a little drip lower over a week or two like we've had
right right around the first of the year and before i'm talking about a meaningful high volume red candle
uh that kind of kick in the gut moment that you're like something's not right here
that would cause me concern just based on the charts okay but i'm looking at money flow i'm
looking at it in the total two i'm looking at the total marketplace i see mfi going up i see my first
initial peak right where it should be right where the cycle's at on the alt space and i see bitcoin
probably going to take a little bit of a pause here right before we get to this real critical
resistance area and it's at that point my thinking my thinking my opinion is that the etf
sends us to that final phase of where bitcoin goes to top now i i kind of pregnant pause here
i don't know if it's the stock market that tops first on a bitcoin tops first i don't care what
tops first but at some point we called the 2021 going into 2022 fall we called the 2022 correction
we called the 23 rally and i've been emphatic about 24 being an epic year an epic year meaning
very first part of it's going to be epic for the bulls very backside of it in my opinion is going to be
incredibly challenging volatile and and scary uh for anyone holding any type of risk assets because it's my
personal opinion that everything rolls over and i mean everything so this is a period of time
i mentioned it to my group i'll mention it here again as a technician we are at the most challenging
part on the chart the easy part was going from the 15 16 17k area on bitcoin to where we're currently
sitting at 47 and change that's the easy part what comes next becomes incredibly challenging the
only thing i will leave you with in regards to alts be patient if we do get the rally have a plan in
place don't sit there and say my coins the next bitcoin don't tell me that you've got the next 10
000 acts don't you know if you do that's great but do yourself a favor and have some proper risk
management so that if you've been blessed enough to have a two four five ten hundred x whatever it might
be that you're not stupid in the sense that you're not taking prudent measures to pull your principle
out and harvest gains along the way up now although my situation is entirely different
and although i employ different risk management strategies for my personal situation i don't care
who you are i don't care if you throw caution to win and you're the biggest gambler at the table in
vegas you have to have some type of plan because if you don't unfortunately you're going to end up
like a lot of retail people do buying near the top and unfortunately rotting this thing in its next
cycle there so with that said i'll wrap up and just say hey i'm happy for us i'm i'm patient i am
eager to see how this plays out but i would just have everybody be a little bit you know at least
on guard with bitcoin and the price action as we get very close to these levels and then let's also
keep our eye on dominance to see that if if we can we can get that one last leg on our alts and some
of them like i said will do a lot better than others wobby but with you know 25 30 000 coins
there's only so much money so just just know that you know we're talking you know 100 times the
amount of coins we had in prior cycles so that's where i'm at man and uh hopefully that's about as
clear as peace suit man that's a lot to cover brother i rose my hand up like three times so you know
i do have a lot to say man uh but i do want to give mr spread a chance to speak uh i know he's a
technician like yourself man so i'll actually pass the mic on over to mr spread get some thoughts
from him in regards to what you said and also some of uh you know his own viewpoints going into this
pretty pivotal week and then uh we'll expand from there if that's okay with you jt that sounds great
man you guys go for it hey wabi hey guys wow a lot of a lot of digest to do in this evening from from
jt as usual he has a lot of ground to cover he's covering a lot of ground i'm not going to go so
long on it the only thing that i want to say is that i've been tracking liquidity and liquidity
has been improving massively in the last few months and you know that i've been i've been bringing up
liquidity for quite some time in these spaces and what i see right now is just something that i don't
want to debate further i don't want to make price predictions i don't think that we're going to talk
here or we're going to hop there what i see is that we have a beautiful price action in the last few
weeks we had a nice false break to the upside we had a nice false break to the downside we had the
liquidity grab under 42k and now we are just reading and we are punishing the i don't know late sellers
under 42k besides that if it's going to be approved if it's not going to be approved i'm so sick
of this etf debacle like i really want to get it over so we can focus on the charts so we can focus on
other important things like the halving so we can focus on important things that really matter for
bitcoin because at this point in time i just think that the etf is just going to be the key which is
going to open the door the floodgates for more liquidity to the system you know and the first
place is going to be to bitcoin and after that i'm really curious which is going to be the next one
you know for sure it's going to be most likely it's going to be ethereum maybe we're going to have
a basket of all coins blue chips um i heard someone in spaces mentioning if at some point
in time these big operational money managers you know like goldman sachs and all the others blackrock
vanek maybe because they're more crypto related we're ever considering even touching you know these
these meme coins so this is interesting but but something that that crossed my mind wabi i want to
ask you i want to ask jt i don't know gary i see if you maybe max if someone else is going to come
online you know what's going to be the most interesting part for me and the the psychological
part i mean going forward can you even imagine that we're going to have a lot of people coming
into this space from from the thread file right and they're going to try to model all these kind of
things they're going to try to out to degenerate they're going to try to out out traders they're going to
try to try all these things and they have to pick it up from like scratch from traders from money
managers i really want to be in some of these rooms like these morning meetings in of all of these wall
street firms thinking how to outsmart some of these people who have been here and they can stomach 40 50
drops like any other two months if you can imagine that like in the last bull run i think bitcoin dropped
30 four or five times so from this aspect i think that we are just passing the chance and i really
think that we're going to see a lot of new jobs in these crypto hedge funds uh in also in the older
hedge funds i think we're going to see the whole landscape being totally different like you wabi i think
you you you said it that this is the part like 2000 right when it was the dot com and everything
maybe even the 90s when we had new tech well there is something that i want to not necessarily
i disagree with jt because he he was mentioning 40 50k but i think that nobody knows when when bitcoin
is going to stop here because we don't know how much flows we're going to have we don't know what's
going to happen further i also think that we're going to have retraces i don't think that we're going
to just fire rocket the moon but just for now i'm just going to leave it to the price i like liquidity
and if there is something that i'm being following since october since we broke out about 30k
is the market cap of tether and when i see that the market cap of tether just skyrocketed from 82
billion to almost 94 billion now it just means that people are sending big wire transfers and when i say
people i mean big investors so they can have usdt to deploy and there are a lot of dynamics which
changed i mean you can think about the usdt dominance and when you apply the same usdt dominance
but now the market cap increased with 12 billion dollars there is a type different type of different
type of scenario that we have in front of us um going forward i think that bitcoin is still
going to dominate for a short while but i really really want to see how the flows would look because
i i think that 2024 is going to be crazy and i really think that a lot of people are still sidelined
they still have a lot of ptsd from the bear market or maybe their targets are too low as the
more like for the moment i wanted to write a thread today because i follow some big traders and most
of them most of them have the same target 44 48 to 50k maybe to 52 and everybody wants to be out of
the market there that's why i i just think that although technically i agree with jt and i still think
that between 48 and 52 area it's a big supply area which we need to overcome on weekly but i don't know
man if all of these big traders like even jt just have the 52 target in their super caution
maybe there which is not a bad idea of course because we don't know how much we can pull back
i mean what happens after and if there is one thing that i want to repeat and maybe i'm just
going to leave it off for for now here i love bitcoin from one perspective and i think this is one of
bitcoins biggest properties or more most interesting property is that it loves to defy the experts or
defy the charts so it it it's a very nice property both to the upside and also to the downside
so i like liquidity i like how smp is doing also we had a very nice retest of 40 40 600
nasdaq the same retest of the previous all-time high i think until august if i look at the dxy which
can break under some some lows and if dxy goes under 100 the road to 96 is opened i think until august
the sky is clear if nothing very big happens on a global scale but you know that's a black swan and
you cannot forecast or you cannot model a black swan so short term mid-term i'm bullish until something
changes well well i actually posted something up on the nest from ted talks macro who's going to be
joining us uh on the show on thursday at 6 p.m est so what we're going to do on thursday we'll run the
show at the usual time and then you know going into the third hour ted will join us and i posted uh
one chart that he's been posting quite frequently when it comes to you know fresh new liquidity
year over year into the crypto market and you know we're starting to see an actual shift right for
the first time in almost three years and i think it's very prudent and really wise for you know
people within the crypto space to open up their eyes because listen even if the fed isn't you know
having rates at zero or doing quantitative easing and debasing our our money in real time brother
paulo from tether has been doing on-chain qe for months now circle which is basically coinbase which
is basically owned by blackrock is doing qe in real time and i think what we saw over the last couple of
months right when we talk about quote-unquote alt season i think bitcoin dominance doesn't really
paint a clean picture right but you know what i will say is that when we factor in you know max
pain and all that stuff i think you know the scenario of max pain would pretty much be you know that
level that a lot of these technicians are eyeing right which is a retest of 32k we need to retest 33k
if we break under 40k and have a weekly close below 40 right i think you know max pain and again i'm not
positioned for this at all but you know if we think this is you know 2016 right where the first half is
bullish and the second half isn't necessarily as bullish until we get you know towards late november
early december if you actually look at the crypto um like market cap in 2016 you'll see that right after
the halving which was at about late july early august you actually see that btc actually pulled back
30 to 35 percent and ethereum went from 25 down to five bucks the second half of 2016 after rallying from
like 80 ish cents to 25 bucks in a straight line um so and i think where i'm getting at is a breach of
all-time high right i know i know max has has uh said this as well for one of his scenarios breach
all-time high so whether it's 75 or 80k or 85k and then you know you have this insane pullback because
i don't know fed cuts rates or any of that stuff and then at that point when people think it's all over
and they think oh man you know we're gonna have a retest of 17k then at that point you know we go from
32k all the way to you know 150 180k within 12 to 18 months so i think that's a scenario that
is pretty sick man and you know jt when we talk about technicals and fib extensions and all that
stuff as time goes on isn't time the enemy when it comes to uh some of these fib extensions because i
know with myself right i have uh tucker our cfo um he drew some lines for me to uh to tia and he
actually had the 1.618 marked out at about 15 ish right and now the 1.618 because you know about a
month has passed now that area is at about 17 dollars so you know is timing right is time
your biggest thing where it's like all right i kind of have to broaden my spectrum and perhaps
you know everything that i'm thinking about doesn't happen until you know way later down the road
kick the can down the road uh so to speak yeah um so for me no not really um i'm really a i really stick
with the charts and and i'm not just a fib guy um you know i i look at oscillators i look at elliott
wave i look at flows i look at retail sentiment which quite frankly is pretty giddy right now at a
point where it should be um you know i i would probably lose half my followers if i told you what i
think it's gonna happen i don't really care because you know they you know a lot of people didn't like
me you know in the mid-teens so what i'm seeing here and i'll just go ahead and break it down i
know my private group already knows this but bitcoin along with the stock market along with just a
lot of things in general um are getting ready to meet their final phase um the the one thing that
would change my mind beyond just the break of the 786 is if bitcoin becomes something other than a play
toy for wall street you know i've made it maybe more philosophical than i have technical about
my belief of wall street and them getting their claws entrenched in the space um you know bitcoin
for what it's worth i don't believe ever needed wall street i know people are excited and it does
give us access to other forms of liquidity um but the truth of the matter is we've had access you
know through other wall street products as well not an etf i'll give you that but we have
the gbtc you know you got the the biddos of the world the miners of the world the futures of the
world so the fact of the matter is this i still see from a cycles perspective us getting ready to
roll over into something that's a lot more dark than we have time for on this call um it's my personal
opinion my personal conviction that the bear thesis for my own side is greater than that of the bull side
in the initial first quarter first two quarters of the year meaning that i'm more concerned about
what's getting ready to happen versus what's about to happen in the very short term so with bitcoin
i'm the big elliott wave guy and you know my private group knows this but there are very simple
characteristics of what we call b-wave retraces and uh i won't go and bore the crowd with it but
there are a lot of things right here right now with the news being so good that just lead me to believe
we are running headlong into what will be probably a pivotal top now there are some people that i
follow i know jack is one of these guys that falls into this camp and i don't want to put words in his
mouth and i could actually wrap my arms around this idea where we have some type of mid-cycle top
top prior to perhaps a secondary move or an echo top if you will uh that comes in later but i'm still
more dogmatic about let's not to cut you off brother but when you mean you know mid-cycle top and moves
are you referring to you know a second batch of a 300 percent multiple given that you know we rallied from
15k to 47 is that what you mean another move similar to that where it would take btc to you
know 120 130k yeah that would be the only way i would see it get there that that's i'm just letting
you know that's kind of like my out now the because i don't see this i don't see this cycle playing out
like a lot of people do a lot of people are trying to compare this cycle to the 2020 run i don't see the
same characteristics um quite frankly i don't see the same profile in the oscillators and i don't
see the same types of counts from an elliott wave perspective if you draw this thing on the um brave
new coin index i can show you um a five three five three five count with an abc that would make you
slap your mama meaning that it would be like oh my gosh this is kind of scary because what a b wave does
a b wave is is the characteristic is it does lead people to believe that a new cycle has emerged when
in fact what happened was we're just merely retracing the pico top of what the prior cycle high in fact
was which was the 65 call it 69k double top now again i'm happy to be wrong i will eat my words i will
eat my crow and i will have a help uh you know a very healthy portion of humble pie because as i mentioned
before just because i'm cautious in this 618 to 786 range doesn't hurt me because let's just
hypothetically say this let me use a give you an example just make this sesame street simple
if i bought bitcoin at twenty thousand dollars and it rallies to forty five fifty thousand dollars i'm
now more than doubled my money and if i get out at that same level and we happen to break over sixty
thousand i missed the mere what ten fifteen percent of the move i can actually this there's a concept
and no one hears this and it's a shame really but there's a technical strategy called buy high sell
higher meaning you want to clear certain areas of resistance that could be problematic just to make
your trade a lot more bulletproof as it relates to the technical aspects and backdrop backdrop of the
market yes you might miss out on 5 10 15 or even 20 but if you already made your money and again this
is i'm speaking for myself so i don't want to speak out of turn i don't want to speak into someone else's
portfolio because i don't know how many people bought bitcoin at 38 or 40 or gosh forbid you know
god forbid 45 that's a different ball game but for me i loaded up when we were at a bear market low
level so the prudent investor the prudent trader is suggesting okay when i look at these levels
i see the extreme greed i see the euphoria i see everything culminating into what could potentially
be a very pivotal area on the chart i like to pull my horns in and say okay you guys have fun with that
you play you play your game of bitcoin over there i'm just going to mosey on over here to my little
stable coin and hang out for a little bit and if you guys knock it out of the park great i'll come back
and enjoy enjoy the fun times with you but playing defense does not mean you lose it just simply means you
protect what you've won and then lastly and i need to make this emphatically clear and i'm an old
fart man you know i'm i'm in my mid 40s i've been doing this 25 years i can tell you the news is
always best at the top it's never bad it's always it's always when you form bottoms in charts and when
you form bottoms in stocks and you form bottoms in indexes and you form bottoms in crypto guess where
the bottom came in with bitcoin right after sam bankman freed and ftx that was the time to buy not
the time to sell and now all of a sudden it's all about the etf it's all about the etf well you know
what i'm of the opinion that markets are forward looking and i also believe that yeah there's going
to be some demand but you know what meets demand it's a little thing called supply and there are a lot
of big deep pockets that own bitcoin that love liquidity and they love little retail boys and
girls coming to the party oh come and get you some oh man you're getting you're we're getting real
animated here aren't we brother you know you know what nacho libra used to say let's get down to the
nitty-gritty so we're you know jt man when it comes to uh people that have been in finance for
over 10 years you know that basically means they've been through multiple cycles right
you know two plus decades that's no joke and i find that a lot of the guys that have been in the
game even if it's just through passive investing they're always animated right because the average
individual man right that just puts all their stock into the spx or the dow jones right really like
slow kind of passive indexes right they don't really have the animation of someone that goes
into you know single stocks or has ever gone into the options market or has gone through multiple
all coin cycles right like those people they're always so animated they always have a certain niche
to them that have people gravitate towards their personalities right they become larger than life right
like i'm sure all of us have seen wall street but i mean gordon gecko that's a classic persona
hey look and sometimes i get animated because i know that a lot of people on this call
you know they'll be like he's talking technical mumbo jumbo i don't understand any of it all i know
is my numbers going up he's crazy i get it look trust me i've been there done that but when i just am
pragmatic and i take the emotions out the reason i get a little animated is because i want you to
understand i i really need you to understand that when you look at when the futures were introduced
guess what guys you know what happened it marked the top you know and i was in that cycle it was back
in december of 17 i remember it like it was yesterday and everybody was clamoring oh my gosh
we're getting we're getting wall street attention and then boom that the following month we put in a
bearish engulfing candle and down she went all the way down to you know the three thousands from
20 grand so i'm not here to rain on your parade i'm simply here to be the biggest cheerleader for
you to be emotionally removed from the chart and emotionally removed from the context of the story
and just look at things from a pragmatic stance okay again retail has opportunities they could buy
bitcoin on coinbase they can buy in biddo they can buy you know even advanced traders doing futures or
doing the miners or even doing gbdc with the trust it's not like something out of left field is coming
and it's the first wall street innovative product that's ever hit the market it's just simply that
this is a very unique period of time where the market price is going up and it's culminating to an
event that's right over the horizon speaking of which will be wednesday and at that point we'll see how
things play out i personally believe we got one last little pop and then it's at that point where i
believe hopefully prayerfully at least for my sake selfishly speaking uh we get some alt movement
because i'll be the first to admit i'll publicly state on your forum right here right now i added to
my alts this last weekend you know did you add did you add to uh tia or did you add to say because let
me tell you something man a funny story here uh there's an individual here in the crowd uh tiger me and
him we have uh a connection when it comes to say we got in from lower obviously uh but you know there
was a huge move and then this certain influencer i can't say his name just because his following is so
big but there's a certain influencer that basically like he's like oh solana's real enemy is say and the
real enemy of ethereum is monad and then i'm like then me me and all my guys are like oh my god
me and all my guys me and all my guys are like oh man what's about to happen what is about to happen
and of course you know we had to pull back but yeah i mean everything had to pull back everything
everything had to pull back right we we saw a classic lev flush of 30 to 40 percent across the board
albeit you know the stronger alts retraced most of their downside just as tia and say did but
nonetheless it was like whoa what is going on here right this is a characteristic of a bull market where
and you have these crazy leverage flushes where you know if you're in front of your screen sometimes
you kind of want to be afk and i said this i said this before to my guys like you know there'll be
nights where you're asleep and when you wake up you see these 30 to 40 percent candles to the
downside only for that candle to reverse on an eight hour or a 12 hour candle to the upside and
then your alt is up you know five ten fifteen percent from that previous high you know what
i'm saying for sure and i will even mention one that i did own a little bit of and i'd been buying
it and i didn't even mention this to my private group and i'll just say it out here out loud and
it's one that's been beaten down to a pump was um icp you know this thing went from hundreds of
dollars and it was just a total rug pull but i mean this coin went from what three bucks all the way up
to like you know close to 20 had a big move back and then before you know it it went sub 10 just to
flip back all the way up to 13 14 that's just one coin um but my if this is your first cycle that's
kind of characteristic of the space i mean unfortunately a lot of people we've been kind of in this slow grind
upward even some of the dog coins have had meaningful moves off their lows but they've not
done so in a volatile fashion even the upsides have been somewhat tame but you are going to see
that you know i will say this and if you ever want to know if there's ever going to be a rug pull
on bitcoin or any coin for that matter when you start seeing levered long start to stack on the actual
quarter books man just just know it's coming it's coming because the and i'm not a leverage
player i'll be the first to tell you i don't use leverage in anything that i do i use options
for hedging strategy sometimes i'll play speculative with options in the markets and traditional markets
but when it comes to crypto a lot of people have asked me well if you're so you know gung-ho about
it why don't you short crypto and while that's a very uh good idea um i i tend to stay away from
shorting crypto even in a bear cycle because the snapback rallies can also wreck you in a bear so what
i'm saying is the volatility comes with the territory so my hope my hope my hope my hope
is that we do see bitcoin get this one last pop at least you know and if it's if you disagree with
me and we're going to the moon so be it that's fine but i'm just telling you from a chart perspective
i've got to be a little bit more compelled than what i'm seeing on the higher time frames and then
also secondarily from the elliott wave counts and then the other part is i whatever alt season we get
whatever it is there's going to be coins that outperform there's going to be some that don't
do is great but i do think a rising tide lifts all boats we're going to get that move but i would just
have everybody in closing just saying this be caution you know exercise some caution don't throw
it to the wind you know if things get euphoric just remember pinch yourself hey remember the last
time we were euphoric remember the diamond hands remember those guys in the laser eyes remember
tom brady and ftx remember remember elon musk and saturday night live pinch yourself and remind
yourself if you were in that cycle back then that was exactly when you should have been getting out
okay so and i'm not saying that bitcoin's going to plummet to you know 10k or lower i'm just simply
saying right here right now where the charts are at where the charts are at least speaking to me from
they're just saying warning exercise caution especially as we enter into the second you know
part of the first quarter so for now it's all systems go you know i'm all i'm all loaded for bear
so and i mean that with no pun intended um i'm just ready to go and i hope that it all works out
and i i think that the one thing even if you're not a legacy trad fi guy or whatever trad fi gal
i would really want to put the smp on your radar because if we can finally get that 4800 push i know
people don't believe me but trust me you need the markets to actually work in your favor because i'm
going to tell you if we double top and we roll over that's not good for your alts it's not it's not it will
just it will be a bad backdrop and and and from a macro perspective so but i believe uh based on
everything i'm seeing man everything's all systems go you know what we've been calling for the last
three or four months wabi so so far so good let's just keep the good times rolling and you know
hopefully i can join you occasionally here and there on the mondays or whenever but uh it's been
a real pleasure man i appreciate you having me and always let me speak my mind even if it's not
the some of the thoughts that you guys might agree with or some of your listeners i'm just throwing out what i'm
seeing yeah it's all good man i think for the most part like um like you you've been with us as far
as like bullishness goes over the last couple of months and all that stuff so i don't think there's
anything bad with that you know whenever we get the second half of the year you know we'll revisit
some of these conversations see how they've went but you know speaking of charts and alquins and all
that stuff i've actually gone ahead and uh posted something up here on the nest or the jumbotron however
you want to describe it from my personal profile and uh what i had posted is basically a uh total
three right that's basically the uh total crypto market cap excluding btc and eth on the weekly and uh
i i i got this chart um from somebody called alquins psycho you actually see the wall street cheat sheet
uh overlaid with the weekly on total three and you actually see that we've now just begun the classic
you know disbelief uh rally right and i think that uh i think you're just gonna have you know the usual
um bull market play out right like if you're only allocated to bitcoin that's fine you don't have to
like you know raid somebody's page and be like oh you're a shit coiner because honestly i think that i
think that's like i honestly think that showcases one of your many mental illnesses if you actually go on
someone's page and you know try to belittle them for that um but whatever that's that but yeah i
think whether you're a btc exclusive guy or an eth exclusive guy or only btc ethan soul whatever it
may be i think you're going to have a wonderful wonderful time over the next you know 12 to 18
months and i think uh josh i want to throw this in your way um don't you think right because i i know
like second half of 2024 your view on the market is a bit more bearish than others but don't you
think by the time say the s p goes to like you know 5500 5800 and then pulls back uh so it's a 4800
don't you think at that point though you know the cuts would have already be done and then they would
have started easing at that point leading to another uh quote-unquote quote-unquote expansion on all
things growth well let me explain that really quick and i know uh mr spread has his hand up i
want to say something that this is this is my wheelhouse so let me speak to that i believe when
they start cutting it's not because they're trying to add liquidity i i do believe there is a real
problem banks are borrowing at a record breakneck speed from their from their discount window and
overnight funding spiked the other day there's a reason because of that there's some mechanics in the
in the back side of the market that you're not seeing from a liquidity perspective so i think that
the fed is going to be forced to cut not because of the market they i personally don't believe they
want the market this high i think they were trying to let the market bring in inflationary pressures
on its own and to start to a certain extent the market did do a good job for them at least uh the
treasury market but when it comes to these cuts the window of time that we were talking about for i guess
since we started these conversations in september october whenever it was as i said there's a goldilocks
period where the market uh can actually expand upwards um in spite of where the rates are due to
the fed pausing it's not the fed rate hikes it's the it's not the fed cuts it's that pause that gives us
this small brief little window where risk assets have the ability to really expand with price velocity
upwards when they start to cut um generally speaking that's when i'm going to be pulling
in my horns regardless of where we're at on the chart and that goes for equity markets as well as
bitcoin um again i really believe bitcoin's just a beta play on liquidity so um i believe it more than
that don't get me wrong philosophically you know revolutionary asset i get all that stuff but
it really is a beta play on on liquidity but it's my personal opinion once the fed decides they're
going to start cutting and i don't know if it's going to happen in march now based on some of the
probabilities but i think they're going to be forced to because we got some issues on the
backside with liquidity and especially some of these regional banks and they're sitting on a lot
of bad paper right now and some of these guys are just in a real pickle and the fed's going to have
to come to the they're already doing the rescue but they really need to do something from more of
a macro standpoint where they're actually lowering the fed fund rate as opposed to just giving
them a band-aid on a bullet wound um so that's where i'm at on that so when you start to hear
how talking about cuts that to me is not necessarily bullish i will say if you want a bullish outcome
though and it's not one that i think is a good one um you're looking at the dollar and if the dollar
collapses well then you better have some gold silver precious metals and bitcoin and maybe some
choice crypto because at that point you're looking at alternative currencies and because bitcoin
being chief digital commodity out there yeah that's what and and that goes to also say this
i'll always own bitcoin even if bitcoin tops and drops to i don't twenty thousand ten thousand five
thousand i'm always going to own some bitcoin there will always be bitcoin in my bag but by and large
from a profit standpoint um i i buy bottoms and i sell tops that's at least then that's the way i play
the game so um but yeah we'll see how it works out i mean the broad uh broadening wedge pattern on
the s&p texas between 49 and 5100 i believe we could get over that obviously there are some people
that have more radical and wild targets but just exercise caution let's see how 4800 treats us if we
can get over that it bodes well for bitcoin it bodes well for alts and dominance everybody keep your
eye on 60 i hope it doesn't break that i don't believe it will once that rolls over and we finally
get some alts getting some real traction and i think that'll be really exciting short-lived but exciting
nonetheless like a fireworks think about it like a firework show you know how the fireworks they
start out everybody's like oh ah the little kids are going around with little sparklers well guess
what at the end they have the finale what i'm referring to is i believe we're coming up against
the finale meaning it's always the the most exciting part but at some point the last firework has been
fired and it's time for everybody to go home so
all right uh guys if you've been enjoying the space we're because bitcoin my name's wabi
i host these shows throughout the week and i'm here joined by jt and mr spread we're here talking
about all things markets of course with a heavy emphasis on all things digital assets as always we
produce uh live streams for you guys each and every day here on x and on youtube youtube show
is at 11 a.m eastern and your daily x show is here at 4 24 30 p.m eastern time of course you know
with some 10 15 minute leeway depending on how our afternoon discord discord call goes you guys have
been enjoying this this is your first time listening to us feel free to uh feel free to follow us and
turn on bell notice to keep up full of our shows content new stuff all things like that regarding uh
inner development across because bitcoin brand uh feel free to check out bb terminal it's going to be our
own in-house trading terminal with a test net release of late q1 later this year and a and a
full main net release uh in q2 q3 of this year so feel free to check that out and of course if you
want to get in contact with myself max or anyone else on the because bitcoin team like jackets our
community links are in our bio so space is recorded as always i know some of you guys have requested to
speak if anyone wants to come request speak feel free to do so i i uh just brought up tiger so
before we get on to you brother i know mr spread you've had your hand up for a while so i'm going
to pass it on over to you i know it's getting pretty late on your side of the woods so mr spread go on
right ahead man yeah thanks wabi for uh i just want to add some comments on what jt said because
we were in like in a back and forth i'm not that skilled as uh as jt is so i'm never going to buy a
bottom i'm always going to be late and i'm always going to be early to sell i like to be in the
mid of the move i haven't bought 15 i haven't bought 18 i just started buying between 21 and i
bought all the way up to 30k on bitcoin so my average price is around like 27.5 so i'm never
most likely i'm not if i'm ever going to buy a bottom or i'm going to sell a top i'm going to call
myself lucky so because i'm also a price follower the only in my opinion and of course i can be wrong
but in my book the only truth teller on our charts and also for narratives is price so i i don't
believe in any other type of patterns because not necessarily because i don't believe but i think
they're secondary when it comes to indicators stochastic elliott waves whatever in the last
13 years of trading even ichimoku which is my only indicator which i use i still think is secondary to
price action so when it comes to elliott waves counting when it comes to top predictions when it
comes to bottom buying that's not my genre i'm never going to do that most likely and like i
said if i ever did that whatever if i ever going to do do it in the future is going to be luck i
like to be in the middle of the move but i will agree with one thing with with jt here i also think
that is very good to be cautionary it's very good to take profits along the way and a lot of people
are saying you know buy low and sell high i think that's absolutely crap and is that is like a stupid
dogma which was a you know pushed to all these mainstream type type of influencers the the the thing that
you should do and i learned this from ogs in trading and successful investors you buy higher when you
have a conviction and when you and you sell on weakness so you buy on strength and you sell on
weakness this is what i've learned and this is what was making money in the past 10 years for me
now going forward yes i also think that the market is still bullish as long as we stay above 4420 i would
say on s&p 500 and nasdaq looks like an absolute beast if you ask me well besides that one thing that
keeps me at bay and not to be fully agree with jt when it comes for the second part of the year
i'm just looking at total cap and before we had the breakout in october we have been under 1.3 trillion
for about 545 days and we just broke out above that so after it's what now 70 days this is not how
usually cycles run so you know after we've been in a bear market for 550 days to end this after another
let's say what three four months it would be in total 70 plus another 90 140 days this is not how
usually it pans out yes i agree we can go higher and after that you're going to have a 30 maybe
50 maybe even 40 percent drop on bitcoin but that is not something extraordinary or unusual
we had this kind of 35 to 40 percent pullbacks in the other bull run like four or five times and this
is just part of the nature of the market you know this is the part in which you have to think that
volatility is the price is the price you pay for performance so all in all i'm not going to keep
it much longer than this if market structure stays above 40k i think we are good even on on daily
as long as we stay about 35k on higher time frames i also think that is good if we drop on for under
40k i just think that we're just going to go sideways for a little bit longer before we're
going to go higher but as long as i see liquidity going inside the system and as long as i see liquidity
inside the other markets and we just saw that iwm like the jt mentioned is also reaping higher
it just give also some some good feeling on any time of time frame monthly weekly daily whatever
for all the assets that we are trading right now and like i said with the xy trading lower and it's
in a very big bearish trend and it looks in a bearish sequence of lower highs and lower lows
if it loses 100 it's intact 96 so for me i'm also always going to manage risk but like i said the biggest
truth teller and the even the the narrative giver is going to be the price as long as we're safe on
the stock market as long as we're going to see liquidity also coming but you have to follow net
liquidity and i think that the discussion with ted is going to be very interesting because at some
point in time we have some ping pong we had some ping pong but i also had to agree with him when we
went to above some certain levels like 4 400 on smp 500 and 35 000 on bitcoin because this is when this
was the time when we saw more liquidity coming both to the classical markets and also to to crypto so
all in all as long as liquidity is here and also the market structures are bullish um and one more
thing i want to appreciate to what jt said he said that he's going to be out around 40 50 and he's not
going to have a problem in buying higher i think that's a smart mentality and he has something that 90
percent or even more of the people who are in these spaces and then and i don't mean these spaces i
mean in investing don't have he has a plan he's a seasoned investor and i think uh long term he he
knows what he's doing it's just that you know i cannot fully agree with something that he said
but i agree with something that he also said all in all i'm bullish short medium term until something
changes well let's kick it on over to tiger tiger what's up brother so funny what a difference 12 hours
makes man people were like crying on the timeline because we went sideways for like a couple hours man
holy people are funny but uh no uh yeah i want to echo what what mr uh what is your name this is
i'm sorry though um yeah it's always good to take some risk off the books obviously um especially after q4
you gotta you gotta taper down on the leverage uh i've been a big say guy for a while
um i did well on objective and q4 very well i sort of rotate a lot of that at least some of those gave
them to say the last month and it's doing well so you know i think uh you know the next all run is
probably gonna happen i mean btc to 47 today so you know all round two is coming and you know
i think it's showing today but no i don't think much has changed in the last you know few days
you know same narratives um same themes i don't think you should try to over complicate it um it's usually how you
it's usually how you get screwed so not much to add here on a wabi i was just listening more but
uh i won't say the forbidden name but he did piss me off what he might even should say because he's
just an annoying yeah it was it was it was pretty bad man like he just annoys the fuck out of me
yeah i i remember when he did that uh with vader and then i basically saw like a quarter million
dollar drawdown um not too soon after that but yeah that that's that that's just classic man it just
it never fails regardless of the environment man and i i i think that's just a symbol of a classic
bull market right like you know all coin runs up a quick 8x in two months you know certain people
mention of usual suspects and then it pulls back like 35 and then you're like oh crap no i now it
has to rally 50 back up to the highs but usually with some of these alts whenever you have that 50
percent retracement um there were a bunch of gifts last night and and even on that flush um the other
day yeah like big yeah it it was like it was like it was the classic you know let's run all the stops
destroy all the longs v-shape out of it and then slow bleed um you know close to those levels and
then you just whipsaw right back up before expansion man so i'm pretty excited about today man truth be
told like it's gonna be a hold that i'm gonna i'm gonna hold on to you for the next 18 months man
parallel EVMs are parallel EVMs brother parallel EVMs are yeah are like vampire attacks on
ETH bro it's uh yeah parallel EVM bro let's let's go ahead and uh let's go ahead and fragment usdc and
yeah i actually sold uh i sold the remainder of my ETH today on the pop uh just so i can shore up some
more dry powder because i do think there'll be a correction at some point in q1 it's just a matter of
like from what level um but yeah i want to stick with my winners ETH i've owned for a long time and like
i've been selling it incrementally like over the last like year and a half and i was just like
it i don't need this yeah it can go to 5k and go to 10k but you know i've done well enough in other
things i think there's going to be other things that are going to outperform you can you can do
that in a couple you can do that in a couple of weeks yeah that are coming out into the market
i'd rather i'd rather honestly buy more bitcoin honestly honestly like you're better off just
buying more bitcoin i do think i do think though i do think that around or after the happening you
could see a running yeah this makes me this makes me bullish on this actually because i see a lot of
people with the same kind of mom dos operandi like you had right now like the same playbook they got
sick and tired of ETH and it's like ETH BTC looks like crap you know it just went under 005 everybody's
cheating on it and it's like this makes me thinking is this the time because on chart you eat usdt looks
really bullish i mean looks i mean it's less about like it's less about like i i like think it's a
time to buy and more of like where could i use my money better tiger i i think i think we're coming
off of a of a fundamental aspect trying to front run the market right and i've posted this
everything that i speak on these spaces i cover very extensively on my personal profile
every single day i i probably post every two hours non-stop and i'm constantly reply going
just putting my thoughts publicly out there and i think you know when it comes to things like say
network and other new projects right you'll usually have products come out before they start running
to basically you know let the market show you its hand right so let's say you had neon right neon
ran up a 30x and say just ran off the back of that right and i think the moment you see ETH
start to run i think there's just going to be more products out there like monad that are going to be
running super hard and i know like you know no one's really speaking about you know monad as much
today as they were you know this time last week and i think that's good right i think it's one of those
products that by the time they launch right everyone's going to be so focused on eigenlayer and ethereum
that monad is just going to blow face right and these markets are very predictable right if you're here
and this is your second cycle right like this is my second cycle right i got in in december of 2017
and my first quote-unquote real cycle started with the bear market right so this is now my
second bull market and usually when you enter your second bull market it's like okay i learned my first
bull market um i lost money i won some money and now we take all those experiences and apply it to the
second one and not thinking that you know some curveball is going to be thrown at you because
if you look at prior market cycles it's always the same thing it's always the same thing and by the
way though ETH will rally it just yeah yeah like i'm sure yeah it'll go to 12 000 right like there's
a ton of bullish stuff right and i've covered it extensively on my personal profile as well right like
you've got over a billion dollars tied up in blast which is an l2 that people are trying to farm their
airdrop and you got a ton of like you know angel investors behind them and all that stuff so you
have that one catalyst right over a billion dollars um about to be splurged onto the market right so
combine that with uscc uh being printed of course that's bullish for ETH and then you have eigenlayer
uh releasing q2 which sets the precipice for another d5 summer and if you recognize right the trend
that we've been on essentially since you know 2016 every summer regardless of bull or bear we tend to
have a significant rally across the total crypto asset class right you look at 2022 right after we
set that low at 17.5 on father's day we had a huge uh run um on all coins right matic did like a 3x
some arbitrum tokens uh like dopex ran pretty hard right uh 2021 right when we bottomed in early july we
had you know that massive nft and and gamefi run right and then we had all the l1s prop uh 2020 you
had d5 summer 2019 you had uh btc top out at 13 8 and then east and some all coins uh put their
put put a a significant leg up right of course before bleeding when fed started cutting rates
right and i think and i think that we might be set up just for that right eigenlayer mainnet and then
you have a huge uh summer rally and then you know you kind of reset pull back a little bit just as we
did last year and i think that feeds off of the principle that i'm leading off into this year which
is you know 2024 might just be an echo bubble of last year right if you take a look at last year we
kind of had a curveball thrown at us with uh the svb debacle right and all those crypto banks going under
and stable coins depegging and all that stuff and i think that's going to come off of the back of the
fed cutting rates but i think that's not really too much to be worried about right like i think
i think you know by the time the second or third rate cut happened i i think the market's going to be
fully bottomed out um and then we'll just continue business as usual right that's my dubious speculation
right i want to put that out there anything that's said on the space guys whether it's from me max jackus
or guests like jt uh mr spread um or anybody else um that is affiliated somewhat and speaking on
these spaces regularly is you know outside of uh current narratives outside of events when it comes
to price action and all that stuff that comes from our own analysis and should be taken as dubious
speculation please consult your own financial advisor before investing into anything and oh my gosh
only invest what you're willing to afford to lose and and all that good stuff right have to get that
out of the way right um dubious speculation right that's what makes that's what makes this show
entertaining right nobody cares about what you have to say nobody cares about what you have to say it's
the way and fashion that you say it right that's what keeps the audience engaged and that's why you
know all you guys are in here today um on a beautiful monday evening 400 plus of 400 uh and something
plus of you in here right and you know truth be told uh that's why our numbers look like the way
they do and if this was a btc only show where we talked about monetary debasement and fiscal policy
there would probably only be 50 of you here if that right so we appreciate you guys uh here in the
audience that show up each and every day whether it's here on our x live streams hosted by me king
wabi uh monday through friday except for wednesdays that day we usually uh set aside a longer
formed community call within our discord uh but every other day right outside of wednesday
uh i host a show for 20 at 4 20 or 4 30 p.m eastern time and uh as you guys have been tuning
in for the last 90 minutes right we cover a myriad of topics whether it's the current narrative of the
market price action uh more of our own you know broader macro views of the market you know we cover it
all and we like to invite some individuals here that uh have diverse opinions and thoughts on the
market right that's what makes uh entertainment so we hope you're entertained um but also well
hopefully educated and all that good stuff man so um yeah i'm i'm i'm done chilling here but tiger go
ahead see what i'm also confused about with ease is like it you know it seems like the bitcoin etf is in
the bag um i mean bitcoin outperformed me today it seems to be outperforming on
you know every update for the majors and like why isn't the market front running in etf more
right so like i don't understand i don't understand like what
like i i think the time to trade to like get in just to maybe leverage on eth is is around the time with
that that one billion is or prior to that being unlocked from blast um or maybe after the happening
for bitcoin yeah yeah but at the same time dude like why wouldn't i just hold my position on say
right or on neon right i'd rather buy more stay on dibs or more injecting on dibs or more
celestia you know even solana like like i just would rather stick with the ones that have done
well for me like and and and and and with celestia i'll say this man i'll say this if you had any
mistakes before the 19th you basically got a couple hundred nine i got a thousand nine
for pretty much yeah for basically for basically not doing much right so you know i think should
diem release the same valuation that tia did you basically you know let's check that's basically on
should dime perform uh well which i think it will perform performs better than celestia after gde
i think people are going to recognize that hey well i have an asset what be your that go ahead
your your mic your mic is shifty sorry your mic is buggy a bit yeah just a little bit
am i good now am i good yeah yeah
yeah also just like focusing on those ecosystems and tokens within there there's there's plenty of
opportunities like uh i i'll probably trade at some point this year i'll probably be in for a trade
but it's just not here to me now like it hasn't been my focus it hasn't been my focus it's probably
not going to be my focus tiger can you hear me spread josh can you hear me am i good yeah i can hear you
yeah okay yeah i just yeah i just took off uh the cover from my iphone but yeah i think this was a
good conversation guys um i did invite somebody up dbc stocks what's going on brother hey guys uh
thanks for all the info as always i'm not able to hear you man i'm not able to hear him speaking can
you hear me yeah we can hear him yeah i'm not able to hear i'm gonna drop you down dbc uh to listener
just go ahead and uh request again that way i can hear you just just request all right okay
guys are you able to hear me now loud and clear brother loud and clear awesome man uh thanks for
all the great info you guys honestly answered some of my questions already so i'm going to try and keep
it uh short and sweet for y'all i have a uh i have a long-term question and a short-term question
in terms of uh in terms of bitcoin in general i actually posted a little chart on the reply section
just in case um uh anybody wanted to see what i was talking about but uh in terms of long term um like
so i i started trading bitcoin light last cycle and i bought all the way down but i i bought a lot at the
very bottom up in like 2020 and stuff and so by the time we hit like 40k i was up over 100 and at
like 43 i sold like 40 of my bitcoin uh just because i wanted to de-risk and so like i know
every cycle people say like this time is going to be different or this time is not going to be different
right and like my first cycle i was like this time is definitely going to be different because
like you know emotions um but right now we have rates that are potentially going to go down the
next couple months the last two times that happened market tanked uh euphoria in the markets we're at
the six point point six one eight fib pretty much we're at the 47 000 resistance which is a big one
from 20 22 april um and i was just i was just wondering like since since like technically bitcoin's
looking really bullish but there's a lot of i would say like quote unquote sell top indicators
what's like a good way what is something big that you would look for to pivot your mentality
in uh situation in situations like this and then for my short term question uh in the picture i
posted there was uh that big flush that happened last week i think on the second or the third where
price went from like 42k to 46 and then in the morning it dropped all the way back down um i'm
looking at how the price jumped today and just looking at like the the oscillators like the rsi and
things like that it looks super similar and one of my friends who's been trading bitcoin a lot says that
usually when there's a pump this big it likes to retrace and um so this is kind of more like a
psychology question like could it be that they kind of did that to shake people out so that we're just
start shorting when we're about to have a big bull push or is this also kind of like this time is not
different if the indicators look the same if we're at a big resistance again and we're just peeking outside
of a channel um you know with uh in the short term do you see bitcoin having a lot of fluctuations up
and down yeah i'll go ahead and keep it concise for myself i don't think this cycle is any different
and i think when fed cuts happen i think the market's going to pull back but as i said earlier i think
by the second or third rate cut you probably you know already want to be in and i think i think
you most likely want to be as fully allocated onto the market by the start of q4 right even though you
might suffer some all coin drawdown because typically in a having year right in a having year in q4 all
tend to bleed out is bitcoin has its you know break of all-time high as we have during previous having
years but i think by the time we get to q4 you probably want to want to be allocated to whatever
narrative that you um are writing right and you know over the next 18 months just be aware that
your positions you know might go up uh three to seven x in a short period of time and then go
through a 50 drawdown so instead of being you know up 700 you're only up 300 from your entry and then
it's just going to be a consistent cycle going through going through those um fluctuations so that's
that that's the answer uh to your questions man i i hope um that uh that that answers and what was
your second question man it was it was yeah no worries it was more on the long on the short term
like uh i posted a picture in the reply if like you know that's more helpful to some people to see but
the um the big push we had from around like 42 and a half k to 46k last week i think on the second or
the third it kind of ranged there for a bit hit the channel top and then shot straight back down in the
morning and like liquidated a lot of people's stop losses and so i'm just looking at this big push
right now where we're kind of outside of this channel we're at the 47 resistance from like april
2022 we're like coming up to the 0.618 and like the rsi the magd like all these indicators look very
similar to happen last week and um i was just wondering if like the you know this time isn't
different applies a lot in the short term as well to where like in the situation like this where the
whole market is super bullish and you know we're anticipating this etf but the indicators are kind
of saying a repeat of last week like there might be a flush just because i've been uh i've been
playing like scalping like shorts and longs over like 24 hour periods yeah i i think usually when you
see moves like this it's typically off of the backs of like michael sailor buying especially at such
key points like i think getting past 47.7 i think that calls for an expansionary period just as
you know when we crossed 32k back in late october and then we went you know to 35 36 and then we had
like a tiny pullback after that to like 34 33 and change before fully expanding upwards so i see what
you're getting at and you know as far as like you know more shirts short term with the next couple of
days or so i think given that it is etf week i'm just not gonna look at charts man like i'm not gonna
look at charts and try to play some level right because i think i think we just have to get over
this hurdle right and then after that after the etf decision and all that stuff which i think it's
gonna be approved i think you know we just wait for the having i think i think like the biggest
narrative is you know stay alive until 2025 and don't get blown up man gotcha so if i could kind of
extrapolate what you're saying is just because of everything going on outside of the ta it's kind of more of a
gamble than a play at this point um and that like should probably wait for a more clear signal to
to make uh you know positions yeah yeah man i i know some guys that basically sold off their book
um right after new year's right so like on the second of january and they're like listen man i'm
gonna take a break for about a week or two come back after the etf decision and you know i'll gladly pay
uh that premium just so just so that you know have a more clear vision of how the market's going to be
looking uh for the next quarter or so right because i do think it's important and you know if the etf gets
denied man then you know 38k 39k you know is my almost almost kind of want it just so we could get
get in cheaper yeah yeah man um i i i feel you on that man uh i i do have some cash flow coming in so
i guess that's that's that that's perfectly fine for me right but if i was just you know full all in
on crypto and had no cash flow i i'd be i'd be i'd be destroyed and i think that's like you know a word
of advice to to um to anyone like within within the market right like if you say that oh i only have
a tiny amount to get in and all that stuff i would say like you probably want to have um like a main
job right and then a few side hustles and all that stuff just so that you know you can still go about
your day-to-day uh expenditures and then have like another source of income that you can use specifically
just for crypto allocation i i find that to be um a lot more healthier on the mind than just like
you know doing crypto um full full full time i think there's a time and place for that
right and i think that i think that time period comes like post having but um yeah that that would
just be something for those that like message me on my personal and ask me you know those sort of things
because you know usually as like the market starts to ramp up you'll get a lot of questions
um with people saying like hey i only have like 10k i only have like 300 500 bucks to invest what do
you think i should get into i have to 10x my money and all that stuff and it's like i think the first
thing you have to do is like find another resource to allocate more capital in and then that way you
have a little consistent twop into the market so i know that's outside of your question but no no
definitely i mean like definitely uh definitely agree with having like multiple 15 30 percent
profits instead of just trying to wait through through your 5x through your 7x just because you
want a 10x uh i got burned a couple times like that so no thanks but uh i appreciate it and i'll
let somebody else speak but just one thought i wanted to throw out there in case anybody has any
extra thoughts on it is it's also an election year so how the hell does that all get mixed in cheers
yeah it's it's it's sure to be entertaining man so mr spray i know you got your hand up man go ahead
brother yeah i just wanted to ask dbc um regarding his his question you on the shorter term or the longer
term on the uh you're asking me in terms of like what i'm more interested in or no no no exactly on your
positioning because the first part you said that you bought around 15k or the lower yeah so um so i so
last cycle was my first cycle and i bought all the way up to the top and all the way down like my
lowest buy order was like 16 000 but at that point like i was a believer i was committed so i bought a
lot and like below 20k dumb luck honestly so i mean i was up over 100 as of like the first time we hit 44k
and um i was just seeing the sentiment and i was like let me do the opposite of what i feel like doing
so i sold like 30 40 of my of my bitcoin um so that's where i'm positioned right now so honestly
it does let me rest easier and kind of trade with a freer mind that i kind of got like most of my
initial investment out anyways but on the shorter term i've been um i've been doing uh like leverage
trading with one to two percent of my portfolio like very small and being extra super safe like i'm
up 15 30 i'm out like even like you know what i mean not keeping it for more than like 24 hours 12 hours
just because i just want to make like little profits as i go and i've just been playing this
chop a lot because like since last week at least there wasn't much going on people were just sitting
on their hands waiting for the news and there was a lot of and i saw that big uh stop loss hunting
liquidation flush that i keep mentioning around january 2nd or 3rd and uh this setup looks very
similar to me and i was just thinking maybe setting up like a small position short even though the mark
is really bullish so i'm kind of torn here you know i might i'd rather sit on my hands and lose money of
course so on the first part i want to congratulate you because one of the hardest parts is to keep
your gains so most of the people who made a lot of gains during the last bull run just made them
paper gains and they didn't capitalize on their profits and i think the this whole crypto space
maybe i'm a boomer because and i'm a boomer because i'm trading for 10 years this is why i'm
saying 10 years plus but i think coming with that mindset from the stock market right and from forex market
when within a year if you're obtaining an roi of 30 or 50 it's called an amazing year coming to crypto
if you do that you're called an underachiever right but now if you tell to someone that i just did a
four or five x on a coin it's like oh what's that you know it's like you're not good but again i want
to congratulate you for taking those profits because if you would not tell me that you did that i would
just say you know take some profits from the table so you can sleep much better at night and
yeah whenever whenever you're in this kind of position i would just say just the risk until you
just feel comfortable with the amount of risk what you're what you're having on the table so that's
that's the first part yeah thanks i never knew taking i never knew making money felt so horrible
selling is literally the worst feeling in the world for now for now because it's still uncertainty
right and we don't know if you're gonna go higher we don't know if you're gonna go higher for now the
structure is bullish on monthly is bullish weekly is bullish even daily now it's bullish because we
have clear intention from the buyers to push above the the previous highs on short term like you said
when those guys from better markets which are not better markets and you posted that fud on the
3rd of january and we had the liquidation that caused the false break to the top side what happened
after it's something even more horrible for market participants it caused also false break but to the
downside plus a liquidity grab that's why we pushed how much we push right now so if you ask me what would
be the best scenario it would be to retrace back to 44 000 or 40 44 500 or 45 000 area and from there to
reality so if in the next few days until we get the approval on wednesday so tomorrow or before the
approval on wednesday we can pull back to 45 000 i think that would be much much much more healthier
because it will reset some indicators it will reset some some all coins and after that we can push much
higher but for now i wouldn't i wouldn't take part in this in this i would call the chop or death range
however however you want to call it because any position can be overturned or any any price action
on short term can be overturned by by the etf decision so i would just stay out of the market i
would wait for the for the waters to clear i would wait for the dust to settle and after that when we
have a much clearer price section we don't have all this anxiety flowing inside the air i would take my
position with much more caution and discretionary awesome amazing advice just what i was looking for
um appreciate it everybody jt go ahead brother yeah i was just going to comment i i mean mr spread
nailed it the hardest thing that actually i ever do is sell and everybody's like oh my gosh you're
buying this blood it is so much easier for me to buy pain than it is for me to sell greed um i don't
know why that is uh it's a psychological thing uh you you've just mastered probably one of the hardest
things to do and if you bought you know 20k or under i mean kudos because i i'll be the first to
admit i took some off as well in the 43k range so um and that that's not to say that you know it's not
going to go higher that's just a prudent trader and you know i don't know why people don't realize
this but the markets operate daily and for bitcoin it's 365 24 7 right so there's always going to be a
market and you don't have to force it always jokingly tell people this maybe it's tongue in
cheek but it's a marathon not a sprint everybody's trying to win the lottery with the next thousand
x coin okay more power to you i hope it works out but real wealth isn't created like that real
wealth is done methodically with a systematic approach where you're actually taking your gains
and you know you can't win until you actually hit the sell button i can't tell you how many times
i go back in the past and remind myself of what happened during the last all season i made money
but i lost a lot by being too greedy i was i was even telling i remember i was telling my wife we
were looking at another home and this particular home was a little bit more than i wanted to spend
i said look let me just get one more double let me get one because i was so used to the 3x the 4x
the five and i was like i think i can double it one more time as luck would have it that was right
near the top of the cycle and because my mind was set on a possession or some type of item that i
was trying to obtain i i kind of lost sight of what was really important that's having a plan and
executing a plan regardless of the way that the crowd is feeling or even the way that i'm feeling
just do it and do it well and continue to do that because there's going to be a market whether it's
tomorrow next week next year you're going to always have a position that you can take but you can't take
a position if you get blown up so you've done the right thing and as far as presidential cycles go
normally i would comment and suggest to you that it's usually a good thing this time i think there's
an overarching theme that might be a little bit more um impactful as it relates to the typical
run-of-the-mill presidential cycle but again congratulations dbc you shouldn't you shouldn't
feel bad at all right now i think i i agree with mr spread let the let the clutter and the in the
minutia and the air clear especially around the etf i would not be shocked at all to see a spike and
then an immediate um pullback after the announcement's made you know buy the rumor sell
the news kind of thing but um certainly appreciate you sharing that yeah thanks for all the advice
from experience uh trying to get some experience myself but uh just what i need to hear is to be
patient it's the hardest part 100 i appreciate you coming up man i think this is a pretty uh solid
place to wrap up guys we've been going for about two hours so i want to thank jt for coming on on
the week as usual mr spread dbc thanks for coming up here and thank you all for the audience right so
as always this space is recorded and if this is your first time listening guys we are because bitcoin
we're a financial media news company that loves to produce live stream content for you guys
with a very heavy emphasis on all things digital assets my name is wabi and i'm the one that hosts
your daily live stream spaces here on x at 4 20 4 30 p.m est and we also have a visual show called
market check which is hosted by tommy and that's hosted Monday through Friday at 11 a.m eastern time
so for those of you that are into more visual presentation technical analysis things like
that uh you guys can check that out our youtube channel name is the same as here because bitcoin
and feel free to check out our website to join our communities and all things like that get access
to our trading terminal and what have you and uh yeah you can check out all of our other spaces under
our highlights tab so if you like what you heard today feel free to give us a follow go ahead and
follow that giant yellow sign trying to get to 20k followers uh before the bitcoin having so you know
hopefully you guys are entertained enough to stick around for all of our shows and content and of
course this brand would be nothing without you guys and um yeah i'm very appreciative of all this
as always be safe out there remember christ is lord without christ um you know to be honest uh
i would have never had this opportunity uh to help grow a startup brand uh much less in the uh crypto
space it is very very very difficult uh to grow a startup um in this asset class believe it or not
right anybody can you know launch a shit coin on eth you know and uh rug pull people but to actually
build you know revenue a cash revenue business uh in this asset class it's uh quite a journey so
shout out to all of our teammates man shout out to max will jackis ed uh we just recruited sisu as
well so shout out to sisu uh shout out to valentin uh who writes all of our tweets here at because
bitcoin so if you guys want to keep up to date by the way guys have your one-stop shop for all things
financial market news related feel free to follow us here because bitcoin as well and uh yeah we'll be
back tomorrow uh at the same time for market check at 11 a.m est and also as a heads up we will be
having a ted talks macro as a special guest this thursday um but he'll be coming in probably during the
second half of the show at 6 p.m est so a lot of cool things coming up and uh as always don't forget
to check out bb terminal link is uh in our bio feel free to follow that page to keep up um with our test
net release uh for our trading terminal and uh yeah thank you all so much uh jt any final words man before
i close out no i think you wrapped it up perfectly i do find it kind of interesting that we're trying to
clear 48 48 000 on bitcoin uh smps at 4800 what we're trying to clear so those are easy numbers
to remember just be mindful look usually news is really really good at the top it's not so good at
the bottom i'm not saying that we're there right now but just be mindful and thank you for the time
and the opportunity to speak you've got a great platform i hope it continues to grow my friend
i appreciate your support man thank you thank you mr spread any final words before i wrap up here brother
thanks for the invite i really appreciate the talk to you to jt i really appreciate the dbc sharing
with us um my final thoughts would be stay humble guys nobody's smarter than the markets and is going
to deliver some humble pies to everybody else stay humble and be grateful for whatever you have and
just be grateful that we can have this kind of amazing talks be grateful for whatever is happening
in your beautiful life thank you thank you wabi one more time thank you because bitcoin and see you next time
thank you man it's honestly a blessing can you believe it guys that we get to come here each
and every day and talk about you know our thoughts on the market talk about our positioning and all that
stuff all the money we're making it's it's truly an honor man uh many people across the world are you
know living paycheck to paycheck some people don't even have a spare dollar to invest in this asset class so
um this is truly the greatest opportunity and uh we're all blessed thank you christ so that's it for me
guys take care and god bless you all see you tomorrow bye
