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Market Talk: BTC hits 90k!! Stocks going crazy! Welcome Santa rally.
Recorded: Dec. 22, 2025 Duration: 1:08:10Space Recording
Short Summary
Crypto markets are showing signs of life as Bitcoin spikes over 90K, with several coins hitting fresh local highs. Analysts predict a potential Christmas rally, while discussions around market trends and growth opportunities highlight the cyclical nature of crypto investments.
Full Transcription
Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. music Yeah. I can't remember anything, can't tell if this is true or dream.
Deep down inside I'll feel the scream, this terrible silence stops me Now that the war is through with me
I'm waking up, I cannot see
Then there's not much later to me
Nothing is real but pain now
Hold my breath this highway for day
Oh please God, wait for me.
That the womb is much too real, terms of life that I'm always real
I can't look for you to reveal
Look to the time when I live
That's the experience in me
Just like a wartime novelty
Tied to the sheets and me
Cut this life off from me
All my pretty side
Whisper dear
Oh please God, wait Oh, the world is gone. Oh, God help me.
Oh, my friends, I wish you were here.
Oh, praise God help me. music so I'm not going to die. Death invisiting me All that I see, absolute hope I cannot live, I cannot die
Threaten myself, burning my holy self
Not mine has taken my sight
Taken my speech, taken my hearing
Taken my arms, taken my legs
Taken my soul, let me with life in hell. ДИНАМИЧНАЯ МУЗЫКА so
so ДИНАМИЧНАЯ МУЗЫКА so Hey, what's going on, guys?
Hopefully, y'all are able to hear me.
I do see spaces are at least giving issues on my end.
I tried sending out some invites on my personal profile,
and it's saying that spaces aren't available.
Jeez, I hope the Grinch isn't here to steal our Christmas spaces, man.
But either way, I'm here joined by Louie, here joined by Evan.
Unfortunately, basically almost every one of our OG Market Talk speakers are on vacation this week and this week we're only going
to be streaming here on x and also on youtube today and tomorrow and we're going to be taking
the rest of the week off enjoy some off time as we usually do during this time of the year
probably the same as next week and uh we are seeing a little bit of life to start off the week equities of course in the green
crypto we had btc spike up to just over 90k so maybe we get at least one more test of the yearly
open to have uh what people call the uh the christmas rally which if you if you guys just
take a look over the last few years we usually have uh one more wave of breath to end off the year usually by like the
26 27th we are essentially flat until the first week probably middle the first week of january
that's just been the trend so um as far as things on chain we have six seven coin making fresh local
highs maybe that means some coins on soul are going to experience some wave of breath as well as the crypto market starts to uh have some signs of life we also had
eeth hitting three thousand dollars but guys before i uh go on a tangent here about uh
crypto starting off the week and all that stuff i want to welcome you all back to market talk
brought to you by because bitcoin and i'm your host wabi we're gonna go ahead and yap today
it's probably gonna be a bit of a uh shorter show today given the panel and not much is happening um i think the
only thing that's actually happening macro wise is uh the gdp read we're gonna have gdp report
tomorrow and uh i'm not even sure if that's gonna to impact the market in any significant way, to be honest. I think the only thing that's really moved the needle over the last probably 15 months has been the unemployment read.
CPI really isn't that big of a deal anymore.
And I think just overall, the market's just waiting for the Fed to stimulate markets.
for the Fed to stimulate markets.
I do believe they actually stimulated by like,
I think it was $9 billion that they injected into the market right at the open.
And it's really not much, really.
I think it's likely going to be until after Powell leaves
that you have all that cash that Scott Bessette wants to inject
into markets, into the overall economy
let's not forget earlier this month he was saying that uh taper expectations so equities could more
or less be within this top end of the range call it 6600 to 6900 on the s p for like two months
before anything major happens and we've seen that kind of price action
on the S&P and on the indices many, many times before. Even in crypto, even in crypto, we've seen
massive ranges. We look at 2024. We ranged from March of last year all the way until early August
before that wild breakdown. So markets could, in fact fact really just do a whole lot of nothing
for months and months and months and it's been a while since we've actually did that 2025 has been
mostly volatile across both asset classes uh crypto has crypto has been sort of like this uh
this weird tale right you had e-type and, HYPE, and BTC hitting price discovery,
but most of the asset class did not go into price discovery.
The only things that actually did well were a select few on-chain sectors,
but for the most part, most of the upside actually occurred in equities.
You even look at some commodities like silver and gold hitting new all-time highs.
I think gold just hit a new all-time high today.
Same thing with silver also.
Silver is probably going to go straight towards like $80, $85 over the next couple of weeks here.
Some people are now even talking about palladium.
And uranium is nowhere to be found if we're talking about other stuff like energy that that that bull run maybe one day it
happens man but i also see uh prometheus here and if any of you guys in the audience want to come up
and yap talk some shop ask any questions or really just give some of your thoughts on the market
you guys are more than welcome uh to hit that request button um and ben but like i said there's probably not much to
discuss outside of just general price action again macro wise there's really nothing happening
happening until probably until the next fomc i really don't think the GDP report tomorrow is going to be any big deal, to be frank,
at all whatsoever. I think GDP is probably only going to be impacted for the markets,
probably Q3 of next year going into midterms. We had Scott Bessette earlier in the year saying that
he's personally shooting for six to seven percent GDP.
And we didn't we haven't really seen those numbers. And I think it was the late 90s. That
was the last time we had that much growth. And during that time period, you had the stock market
essentially double year after year. Now, as far as next year goes um i would not be surprised if the s p goes towards
like probably 8 300 8 400 on the s p and that's that that's just being uh that's just being
conservative um at least i think that's that's kind of like trump's plan to just juice the markets
as much as possible and over the last 10, midterm years haven't really been the greatest.
But that's not to say all midterm years have been trash.
2012 and 2014 were green years for the market, except for crypto.
I don't think crypto has ever had a green year in the midterms 2014 2018 2022 have all been
red but um i mean look at what's happened this year right so far year to date btc's actually
in the negative and typically a post having year a post election year is green. So perhaps things are changing slowly but
surely.
Hey, bro, we still got two weeks.
We still got two weeks.
Go ahead.
Am I coming in?
Yeah, I'm just saying we got two more weeks
before the yearly close. Or like, not two weeks,
but like, nine days.
Yeah,
that's kind of crazy, man man 2025 has honestly been probably the
biggest letdown year um in all crypto history if i'm being honest uh we went into this year
honestly expecting probably the most bullish conditions ever for crypto maybe that's set aside um for this upcoming
year my hopes are that cz doesn't really have that much influence um on the markets i'm hoping
that like there's another entity that actually has more control over the buttons um personally
i think he's worse than sbf ever was, we can even look at right before FTX collapsed.
It was actually CZ, uh, tweeting back at SBF, um, that really caused that scare from FTX.
And, uh, yeah, I just don't really think he's, uh, he's like this crypto hero that people make him out to be.
But that's neither here nor there.
I'm not really going to get into that.
But we also have Evan up here.
But like I said, if you guys are here in the audience and want to yap and talk some shop,
you're more than welcome to just hit that request button at the bottom left,
and I'll bring you right on up.
But before I pass it on over to the guys,
if y'all can
go ahead and show some love to the space show some love to the show the best way to do that guys is
by clicking the spaces tab you guys already know what to do after that once you guys click the
spaces tab you'll see uh right above our profile pictures a link that says x.com slash i slash
spaces you guys can go ahead hit up the like button smash up the like button
hit up the repost button as hard as you can whether you're bullish bearish or crabbish
i did some arms on saturday i trained arms for five hours i tried doing rich piana's eight hour
arm workout uh you guys should definitely look into that. And I actually added half an inch to my arms.
So my arms cold, unpumped, are close to 21s. And now they're just over 21s cold. And I cheek curled Curled 185 for about 13 repetitions.
And that was a PR.
That was a PR.
And when I curl on the barbell, the bar hits my forehead.
So I go full extension, arms fully out.
And that was a great way to start off my Saturday night.
And I did a bunch of other stuff after that. And I couldn't make it past five hours because honestly like the the pump actually got to a point where I felt like
my skin was breaking off but uh either way guys we're gonna go ahead and yap about markets
see what everyone's doing for Christmas um I can start off uh i don't know who to start off with i'm just gonna go with uh
with uh with prometheus i guess no louis was actually here first i believe so um
and it's always so difficult man whenever when a bunch of people just like show up who to pick
uh who wants to go first i think i i think i want. Give it to the meat stick. Let Louie go.
Okay, okay. Louie, do you want to go first, man?
Yeah, sure. Why not? What's going on, Robbie?
Hey, man. How are you feeling? How are you feeling about 2025?
I think we can start off with that, man.
Kind of like, I guess, a recap even even though this question is supposed
to be asked next week i feel like the year's basically already done honestly and i think like
yeah yeah um bit of a roller coaster of a year for sure in these markets specifically crypto
you know started off the year pretty rough right with uh bitcoin and crypto topping in in january um of this year
with with trump coming into office we had a big tariff scare that was a big pullback for markets
across the board um that was not a fun time uh but then we we caught a nice bottom and sorry if you
I'm sorry if you guys are getting some background noise.
guys are getting some background noise i'm not sure how much you guys are picking up here um
I'm not sure how much you guys are picking up here.
But, you know, finding a nice bottom, March, April,
and then Bitcoin entering a nice face-ripping rally.
ETH finally coming to life out of that
and ripping all the way back to pretty much 2021 all-time highs.
You know, that was a fun ride.
ETH, you know, really showing strength.
Altcoins, not so much. We had some rally, but a lot of more so on-chain stuff was rallying, but a lot of the high-to-mid cap altcoins not
doing much, like pretty much flat on the year for all these high-to-mid cap altcoins, which is pretty
sad for the market as a whole, right? We just saw some lack of interest, lack of liquidity in that sector.
And then topping again, like Bitcoin making a slighter higher high, ETH like pretty much just sweeping the 2020 all-time high and faking us out once again.
And since then, just been down to the rights, you know, ETH getting crushed, Bitcoin on a 36% drawdown.
You know, then we had 1010, which completely demolished anyone left standing in this market.
If they were trading leverage, even low leverage just got absolutely wiped. And I still think
we're seeing the overflow and the damage still kind of settle in from 1010, right? So, you know, had some glimmers
of hope in the middle of the year, didn't really see much out of all coins compared to what we
thought we would have seen, and then just stole crushing more downside after October 1010,
where things actually started to look bright and optimistic just getting absolutely crutch so
you know as far as crypto investors concerned uh not a great year right not a great year uh glimmers
of hope here and there but that's kind of just been the story of the last two years where crypto
gets glimmers of hope we see some run some one-off runners here and there but overall we never really
got that uh tide uh you know that rising tide that lifts all boats. We kind of just been squandering and drowning here in crypto land.
All the while, equities even today, continuing its strength out of the March-April lows, equities continuing to drift higher.
So, a bit of a roller coaster year, crypto investors getting crushed,
the asset class getting crushed, not many people left standing. So compared to previous
cycles and good times in this market, the last year, not a great one, right? Not a great one,
a lot of people carve it out. But with that all being said, still optimistic on the future of this asset
class, but maybe this was a well needed cleanse of leverage and garbage. So this asset class can
actually rise from the ashes and thrive once again with the right projects and the right thing receiving liquidity and interest.
But yeah, a bit of a shitty year. Can't lie, right? Can't lie.
So, you know, even today, right, we're seeing stock market equities, strong day, strong, you know,
moving to the upside, drifting higher while Bitcoin and altcoins showing a little bit of squeeze over the weekend
and just getting smashed down once again on the start of a trading week. So, you know,
been coming on these spaces for a little over a month now and stating that I like long side
exposure to the asset class with Bitcoin over 93K. And it's been a month now where yet again coming back Bitcoin not above 93K
and just remaining cautious until then.
So yeah, we'll see how it goes.
I'm still not totally buying the bluff on the equity market strength.
I think there's definitely a catch up trade to the downside coming for
equities. But I'm not going to sit here and continue to bang that drum in the face of
strength. So you know, pretty much the last trading week of the year, we have a holiday
week, probably not much signal to derive from out of this week and maybe early next week.
But heading into the new year, we'll see, right?
Is someone buying, right? Either this was an isolated Bitcoin and crypto isolated market crash,
or there is going to be spillover into the equity markets where we see markets as a whole spill,
you know, pull back. So I think we're going to get more signal coming into January.
But right now, this month has gone by. Bitcoin and altcoins have pretty much ranged or made
fresh lows and equities kind of floating higher here. So a bit of a mixed bag. And I think we'll
find out soon, you know, how this resolves, whether there's a catch up trade out of equity to the
downside or Bitcoin altcoins find their footing on the backs of equity strength.
And then we have a strong 2026.
So we'll see.
We'll see.
But right now, it's hard to get signal.
It's probably going into the last week of the year here.
Hey, have any of you guys ever been in a sauna and in a steam room in the same session?
Yeah, it's called a wet sauna.
Have you guys really done that?
Yeah, yo, man.
A steam room is basically how the crypto market has felt.
And if you compare being 10 minutes in a steam room and 10 minutes in a in a sauna it's like a night and day
difference but i i would consider 2025 um basically like a steam room for crypto it's just like
everything got evaporated and then you had like a moment where you get when you go out of the door
and you get that wave of fresh air and you feel great. And then you just get slow cooked in the sun and then back in the steam room.
It was like back to back to back, man.
And, um, dude, the state of the market, dude, everyone and their mother is shoving into
six, seven coin.
And if we were even back in the summer, this thing would be trading well over a hundred
million.
And, I mean, even some of these new coins like Monad are still well below their ICO price.
PumpFun token is still below its public ICO price.
And I think that's something to look at, man.
New launches and where they're trading at.
And once you see them above ICO price, perhaps like that's a sign that the general altcoin market is doing great.
Kind of like if you remember, man, when Pengu started showing strength off of the April lows lows after uh basically four months of down only
usually when new tokens start to show strength after like an 80 85 decline um that's indicative
of broader all coin strength i know it sounds ridiculous but like take a look at suey for
example in 2023 once that thing started to show strength almost every single sector uh in crypto was doing
great so maybe that's the case for some of these uh newer higher cap tokens um on chain is still
pretty abysmal to be honest man um maybe next year is more of like a hot tub market, a hot tub and a tropical destination.
That's actually reasonable, right?
Definitely.
I'm not going to say the destination,
but maybe next year is like a Miami hot tub market, man.
Tropical, nice, enjoyable.
The sites are nice um and maybe not as much like
construction noise and police sirens going off in the background man dude what is going on where
you're at bro it's like gta 6 that's it's that's miami dude that's's Miami. That's Miami. Like, no matter, like, what section of Miami that you're in, it's just,
you can ask Evan, man.
That's the Miami classic noise.
It's cars honking, police sirens, and construction work that seems to go on
day and night.
Isn't that right, Evan?
It's a crazy city, man.
It's a crazy city. Yeah, a crazy city yeah i mean most you
you'd have to really go outside the main areas to find peace and quiet man but i mean to be fair
you probably have the same crap in new york city or any yeah even austin texas or any major city
but it's probably worse than miami because you got freaking gta crap going down it's a lawless
place and i think it'll still always have,
you know, some aspects of the, to get onto, you know, if I may to get onto, you know,
some crypto stuff. Yeah. I mean, it's obviously still a fatiguing market, not a surprise,
you know, when you get to, you know, these parts of the year where, you know, I think a lot of the
fund managers and everybody, they're with their family, their mistresses or whatnot. And, you know, they, they kind of, you know, chill out for a little
bit. And I think that we're kind of starting our rally, you know, our typical kind of first bear
market rally, if you will. Um, the interesting thing is like, um, you know, on the sixth day,
the weekly, I think, um, a lot of your EMAs are about to turn bearish in about six more days.
The next weekly close, they didn't quite get there this week.
But I think the next week, unless you were to jump above, like you'd have to really go up a lot.
It's very unlikely, I think, within the next week.
But that's a major kind of bear market sign.
And, you know, the last bear, first bear market rally we saw, you know, it started off kind of January of 22.
And the first peak was in like the beginning of February of 22. And I think you're
kind of a month, maybe not a full month, but a little bit, you know, you're earlier, every market's
a little bit earlier. And I do think that, you know, you're definitely going to bottom out earlier
this time, it would be a very unlikely that you would, you know, bottom out anytime later than
November of 2026, probably at the latest, I'd say October, the earliest probably May um so the thing that i like is you got a nice
you know two-day bullish divergence and that you know your technical target there would easily be
something that could bring you up to like 102 and then your daily 200 moving average which is you
know a huge area i really like the 200 moving average on you know almost every time frame you
know that by the time you hit that maybe mid-januaryuary, that'd be like 102, 103. So I think you'd at least be able to make your way above a little bit above 100K within the next month.
And I think that, you know, if you look at history, the last time they paused at an FOMC meeting was January of this year, 2025.
And that led to, you know, somewhat of a bear market.
And you didn't see the bottom there until April 2025.
So, I mean, it could be
something like that. I mean, if you were to come back up to, let's say you were to come back up to
like one-on-one, one-on-two, and then you extend downward until like the end of April, you know,
that could be, you know, your date with your 200 weekly moving average right around, you know,
let's say it's around high 60s, 70k, April, May, or June, you know, those kinds of areas. So I would
think that's kind of your best
case scenario for this um kind of bear market you know maybe institutions will help us out a little
bit and you only come down to like you know high 60s 70k um but obviously you know the interesting
thing too i was looking at for for ethereum is like the first time ever on ethereum you've tested
your 200 um two week moving average, simple moving average.
And that was right around, you know, 14, you know, just under 1,500 back in April.
And right now that level is right around 1,700.
I would presume that that level would be at, you know, 1,900, maybe up to 2,000, you know, by April, May of next year.
And that could be an interesting point to really look to
get into Ethereum. And it's never really hit that point yet on Bitcoin in history. You came pretty
close at the bottom of November of 22. If you were to hit that point, you know, I kind of have to
make some assumptions here where that point would end up. But I would guess, you know,
45 to 50K, you know, by middle of next year, those areas. And my base case has generally been
and remains for now, at least unless something major changes, 40 to 60K. And when I say something
major changes, I think that the major thing I would like to see to, you know, make me a lot
more bullish on this market, make me, you know, fantasize about being in hot tubs in Miami,
driving a Lambo around, you know, all the, all the things that think you will, fantasize about being in hot tubs in Miami, driving a Lambo around, you know, all the,
all the things that think you will, that, that you think will make you happy, but really won't
is probably breaking above, you know, 108 K and holding that decisively 115 K. And under that
scenario, I would probably get back in around 115 K and then try to ride that up to, you know,
all the, with all the super cycle folks have talked about, you know, 200 K, maybe 300K. And I think those numbers generally, you know, those big numbers
that people like to talk about 200, 300K. And I mean, if you've been in this game for, you know,
since 2020 or 2021, you've heard 300K for a long, long time. You've heard 200K for a long,
long time. I think we will get to those points probably at the end of this decade. I do think,
I mean, I don't see any reason to believe that you won't see another peak probably in 2029. And I would guess that that peak would
be somewhere between 200 to 300 K and maybe it'll be higher 400 K who knows, but those are kind of
those areas. Last thing I'll say here is that when you, um, I think we would want to really get,
you know after that kind of rally upward for the next month until the next fmc meeting you would
you know, after that kind of rally upward for the next month until the next FOMC meeting,
want to come down somewhere between 40 to 60k because you know if you can get up to 300k that's
a big difference between getting a 3x and potentially getting a 6x if you can get in at
somewhere between 40 to 60k that's potential life-changing wealth or potential big money if
you could play your cards the right way especially on ethereum if you can get down to 1800 and if ethereum could continue to outperform Bitcoin for the next four to six
months I think you're pretty golden for a rare rare opportunistic buying opportunity for ethereum so
yeah Evan what if it's like a looks maxing market next year and uh btc just like giga chads its way to like another marginal high
maybe 128 and then just gaps down to like 70 000 man i think that's so indicative of like a trump
market to be honest and then you probably have like you probably have like the real bull run happen in 2027 or something like that then my
dubious speculation is that like the next major top um is probably the having here i think i think
it happens again probably like right before the having like q1 uh 2028 something like that because
if we look at like all the stuff that's happening next year right
uh gdp six or seven percent uh money stimulus probably emergency cuts next year after powell
leaves at least that's how i think it's gonna happen i think i think like what you saw during
the covet crash man i i think that's probably a lesser degree of that's going to happen because you never have rates going to
zero unless markets crash to some degree so like what if we see the same thing that happened in
q1 of this year happened next year except instead of stopping at a marginal high like we saw this
year we just blast off dude um and i think that all that money that Scott wants to inject into, uh, into markets, which
I think is like $3 trillion or something like that probably happens at a market bottom and
not when markets are in price discovery, man.
What do you think of that prospect of next year?
Um, you know, I mean, yeah, it's definitely possible.
I mean, I, I just feel like I'm just such a cycle and history guy.
When I look at, like, bonds and I look at all this type of stuff, like, I think you need asset prices to come down.
Not just Bitcoin, obviously, like S&P 500, NASDAQ.
And I'm talking, like, down significantly to really get those bonds to go up, get those yields to go down.
And, I mean, as soon as you get the announcement of who
the next Fed chair is going to be, I don't know when they'll announce it. I don't follow that
closely, but I think price kind of gets already factored into a certain extent. So that's what
may elongate it a little farther. I don't really know if they're the next chair is going to, I mean,
maybe I'm wrong. I mean, I'd like to hear all your guys' opinions on this, but I don't think
they're going to be as a liberal and as, you know, not opposite of Powell. I just don't see that happening. I
don't think there's too much that would really support that in history. Now, what could happen
is just, you know, a gradual, gradual, slow incline upward for a, you know, potentially
positive year, but nothing too crazy. You know, I could see that. That would kind of go to your,
your theory about like, maybe we make a slightly new all-time high for bitcoin and then we uh then we kind of come back down to
70k that would support that theory that would just irritate both sides i mean that that could
happen but yeah i don't know i i just don't think you're i think it's like too good to be true in
some ways because like man if they just inject all that money like interest rates magically just go
down that low like you're gonna see housing prices go nuts you're gonna it's just a lot of things that like they
don't really want you know what i mean so i think like i would adhere to like the more boring
situation like kind of slow bleed down for interest rates over like the next four to five years before
you actually see a crash or recession which probably won't be until like i don't know you
know at least 2029 2030 you know kind of, kind of that area. I think after Trump is gone, then reality will hit a bit more. So I think
slow interest rates downward, and then just generally playing out the same game that we
played. I could see, I mean, the interesting thing to think about here is I know, you know,
a lot of us always mentioned all coins and I'll be the first to admit it. I mean, I did terrible
with all coins, you know, everything except the E everything except the eth you know this this cycle terrible but i think if you're looking at like another altcoin season like i think it
would adhere more to like the next halving area like 2028 because you would be with a more lenient
fed during that area like you just it would be like this previous cycle we had but with a more
lenient fed so it would allow maybe a slightly hot better bitcoin run up to
maybe you know two or three hundred k by the end of this decade and then you would see i don't think
you're ever going to see anything as crazy as 2021 again but you'd see all coins do very well you know
what i mean you'd see a lot of stuff go crazy and you'd see a lot of people who bought all coins in
this bear market kind of do well with it so yeah i mean i don't think anything too crazy maybe i'm
wrong but i don't think anything too crazy is gonna happen i just think that you you need asset prices to go down
a lot before yields really go down so just just cutting rates even if they do cut rates i mean
i don't think they're gonna be that freaking you know enticed to just print money unless
unemployment really spikes up which i know a lot of people do think that but i don't see that
happening especially as soon as i think you got to wait a few more years for the gig economy to really get crushed
by ai and that's not gonna it's happening a little bit but you're not gonna see uber drivers without
a job for at least three four more years in my opinion so yeah i think we have the next fed chair here man it's prometheus isn't that right bro
dude if you were fed chair i think you would yeah i think you would make volker look like
greenspan and just i think you would hike rates to 20 like right off the road no no no
man i think that's what Powell should have done in 2022.
Instead of like that slow hike, right?
He should have, like in April of 2022, he should have just gone like straight for the five points, bro.
Five basis points increase and that would have been the bottom, bro, right there.
Just like an abysmal crash.
But what's up, man?
How are you feeling about, I guess, the start of the Christmas rally, bro?
Do you think this was like the top?
Like last week we put in the high, I think, on Tuesday.
And we did absolutely nothing.
What did we hit last week?
Like 92, 93 or something like that maybe touched
before briefly yeah yeah and that was like the high so maybe we do like a little double top
tomorrow and it's like yeah that's your that's your christmas rally no man i'm gonna be i'm gonna
be optimistic okay but i mean first off speaking, from a calendar year perspective, this is the, you know, the period to probably turn off the screens. If, you know, if you're going to turn off the screens at any point during the year, with just how low volumes are now, just because there's low volumes doesn't mean necessarily it's going to be low volatility, right? Those are two separate entities, we'll call it.
But I, Wabi, I don't think you checked my channel this morning in the Discord, brother,
because I actually am quite optimistic.
Time to bounce.
Yes.
Yeah, time to bounce.
Yeah, I expect to bounce.
Now, high timeframe, I think we're as topped as topped can get.
I've talked about the...
Like muffin top?
Yeah, it's like Starbucks topped.
You know what I'm saying?
If I look at the high time frame chart, I can't get away from the fact on how distributive price looks in
regards to Bitcoin. But here locally speaking, I think there's a lot of indications that we're
going to see a bounce across the board. Now, I am known to be a little early to trades.
My invalidation is if you lose 84K, and I'll talk on why my invalidation is if you lose 84K for some form of local continuation.
And the reason why is at 84K, you saw a tremendous amount of shorts come onto the board at those
lows, right? Everybody was prepping for BOJ to raise rates significantly, potentially beyond
expectations for whatever reason, right? A bunch of shorts
piled in at 84.5 roughly. And we saw heavy, heavy, heavy absorption from whales at those levels.
And that leads me to believe that you are probably going to be seeing some form of unwind and short
exposure. A lot of people here locally, or a lot of people over the
past, you know, that weren't early to the short trade over these last few weeks have kind of
adopted the mindset that, you know, things are over right now. And what leads me to believe is
one of two things, just based off a sentiment, is the nuke is going to continue from here.
Things are going to get much, much, much worse than anybody is ever expecting, or we're going
to bounce a lot higher than anybody's expecting.
And you're going to get everybody, you know, bulls are going to think, you know, it's glorious.
Everybody's going to get back into these markets.
Shorts are going to get stopped out.
Bulls will then round trip their gains yet again and not sell and will enter into
true Hades or we're going to be going for a higher time frame bottom getting put in between
here and 74k, which is probably going to take months and months and months and be pretty boring.
But I'm playing for a bounce right now. I laid out my reasons in the discord. I've updated
everybody in my positioning on what I'm actually longing here locally speaking. I laid out my reasons in the discord. I've, you know, updated everybody in my positioning
on what I'm actually longing here. Locally speaking, I still have my high timeframe,
short exposure on the board. Uh, and I'll just look to continue to compound that as we go higher,
I'm actually looking for us to come up into about a hundred K, um, you know, anywhere from 96 to
a hundred K is kind of what I'm looking at. I think that shorts and
altcoins in particular can be aggressively hunted, you know, just because altcoins are illiquid and
they do look like crap, but that illiquidity, you know, that is, that, you know, is for both
sides of the board, right? Not only are you going to be, you you know not only can that illiquid nature continue the downside
but can also equally continue to the upside and because that i think that there's actually quite
a bit of room for shorts to get you know kind of taken out to the woodshed here locally speaking
like i said um especially on altcoins you know majors i don't think are going to bounce necessarily
as heavily uh people say we're so back and once we get that and everybody piles back into these markets and
you maybe get like a week of altcoin season it's probably over uh i did post on my channel or on
my feed that monad is probably primed for a bounce we've gotten that bounce i think you could maybe
see a little bit more of a bounce we'll see what happens. I mean, they didn't really get the best launch.
You didn't really put in the best... You didn't really give everybody the most optimism in regards
to that chain when they launched everything. And at the time, they decided to do so.
So I think if they
launched it, you know, closer to the highs, it probably would have had a bigger bounce than it's
had since, uh, since now I think equities are in the process of topping. I think that there's
opportunity to go to like 7,000 on the ES, um, maybe a touch higher. I think 7,000 is probably your higher timeframe
top to be looking for. I think we're probably putting in an early week low, if I were to guess.
I think that there's opportunity here, like I said, for higher prices over the next few weeks to a month. And this is a liquid slop that we're
seeing traded right now. We're seeing futures again. Equities continue to slowly grind higher.
And again, crypto just being what crypto is, just kind of playing the liquidity hunt game,
the market maker psychology game um on
the lower time frame people are getting chopped up to bits uh but yeah i think that there's
opportunity for longs here man i just i i posted my reasoning in the discord i'm not going to give
everybody here i'm going to leave the alpha you know and the the pure content you know plays for
for everybody there that's a paid member. But besides that, I mean, everybody here should at this point understand high timeframe.
I think we're cooked.
Low timeframe, I think we can bounce.
So what should people be doing during this time, man?
There's really not much happening.
Well, the thing with Bobby is like if you look at bitcoin last cycle
for instance when we put in that shoulder bitcoin bounced from the low to the high 50 percent
and you saw some altcoins do very very very well now the question is is like you're gonna have to
be very selective in regards to asset allocation um you're gonna have to put together a really
strong thesis to be able to capture this balance in my opinion because just because i say it's gonna bounce like things are gonna bounce
i mean you could have a good majority of altcoins do absolutely nothing right for instance if we
look at xrp in um july of this year, over the summer.
You want to know a funny story, man?
At the gym, I actually shared some stuff with the person that actually got me into crypto in late 2017.
I was telling him about what we have going on at BB Terminal.
Once everything is up and running, you'll be able to trade everything uh across all change from one interface hyperliquid solana all that
stuff and like he genuinely did not know that like on-chain markets exist like he still thought that
it was just like gemini coinbase stuff like that that there weren't actually like Assets the trade on dude. He probably saved himself a lot of headache and a lot of money
And you know what's crazy dude like a statistic right if you put a hundred dollars in Bitcoin
Since those highs in December of 2017 just a hundred dollars a week, right?
You'd have 150 bands right now simply from just dollar cost
averaging 100 bucks a week into btc since the 19 000 high december of 2017 so i mean i would say
that's probably a lot more peaceful yeah than uh figuring out what like on chain is and and all
that stuff but yeah it's a that's a funny little... Isn't that crazy?
I think it was one of the guys in the Discord, Phoenix,
he posted an interesting...
or he dropped somebody's post in the chat,
and it was about some of the top projects to come out this cycle
that all entered into the top 200.
You had Tia in there ena i mean you know monad you know i mean a bunch of big names right most people
are slightly aware of what's going on in the sector have probably heard of the majority names
that were in that post but in that post it was like if you put a thousand dollars in this kind
of bread basket of um quote
unquote like fundamental utility plays that were supposed to change the game it's depreciated to
less than a hundred dollars right and it just goes to show just how extractive everything has been
man it's been so so sloppy like i mean, how these teams have actually executed has been, I mean,
pretty atrocious, man. It's, it's pretty fascinating that these guys can raise billions
of dollars and execute as poorly as they do. Um, you know, if I look at it, for instance,
some people may not know this, but there was this video game called power world and it was a bunch
of kids that were eating ramen and drinking Pepsi, living in an apartment together in South Korea.
And they were able to code this game with zero funding and put together something that was incredible for, you know, for the time and, you know, attractive, a lot of attention and a lot of minds.
You know, you look at, oh God, what's Stardew Valley, right? Stardew Valley,
another multi-billion dollar game was coded by a single man, right? And you have teams of men in
crypto who have, you know, PhDs in cryptography and all this jazz, and they can't put together
a solid product that, you know, that can, that can't keep
the attention for, or from retail for more than, you know, 30 days. It's pretty pathetic. You know,
it's pretty pathetic. And I don't know if I were to be in their case, you know, to raise billions
of dollars and then to put something, a product, you know, into the market like that. I mean,
I don't know what to, I would think of myself, man. I would, I mean, that would be, I, I, I wouldn't know what to think of myself. So
we need to see legitimacy coming to the space, man. We need to see people who are
innovative. You know what I would do, man? If, if, if I was one of those, uh, projects,
I would say all of us need to hop on anabolic steroids. Every single one of you
needs to be put on a weightlifting regimen and start taking D-ball and testosterone ethinate
and Tremblone. That way you could actually inspire people and say, hey, obviously their change sucks,
but they're getting some great gains in the gym,
so maybe there's hope for a better future.
Because if there's anything that, like, people in crypto can get behind,
it's behind people that aspire to be superheroes.
I mean, just look at the guys from Solana, right?
They're training, they're posting their lifts, their lifts and i mean solana's not exactly the
best chain but it did well this cycle eight bucks to 300 in 24 months i i'd consider that pretty
good man but uh yeah all these other teams are soy jacks man they're uh they're um lentil milk um tofu eating uh enthusiasts i'm not sure whatever
what other famous vegan food there is but yeah i think that's what i would do prometheus i would
just say every man on this team every guy on this team has to start lifting and save the chain all at once, man.
It would change the game, bro. It would change the mindset.
I think the issue is there's a level of complacency.
A lot of these people have never suffered before.
They don't push themselves through hardships and don't challenge themselves and you know it's important
to you know to not remain complacent be grateful for the opportunities that are in your life but
to not remain complacent um within you know within life and and and with what's in front of you so
yeah man i agree i mean i think we should everybody should be put on a regiment
um of at least the men that is on these teams of you know 300 milligrams testosterone weekly
and um you know dude look at like zuckerberg even elon like at the bear market bottom of 2022
all these guys were posting photos of themselves in the gym.
Elon posted that video of him doing MMA.
And I think we're entering, or we've entered like the age of the Bronze Age philosopher, I think that was called.
Like during Socrates time and all that stuff,
all those Greek historians that would write poems and all that stuff,
they were all jacked, man.
They all wrestled in coliseums against animals.
And now, like, men are afraid to talk to a girl.
What's up with that?
What's up with that, dude?
You know?
I was in the gym dude and like
yo the front desk guy like not to throw any shade but like he was giving all these strategies
on how um to be marketable to women in the gym and how to approach them and all that stuff
and he was mentioning how oh just go up to a girl she's like doing an exercise that you do and
just compliment her.
Bobby, you want to know something?
Whatever.
Dude, yo, yo.
And then I was just like, bro, all I have to do is pick up a weight and then put it back down.
That's my strategy.
You're thinking too much.
And that's the truth.
That is the truth, Bobby.
Like some things are just like men make stuff so complicated, right?
It's like bull markets and bear markets why
is price going down i don't know dude maybe because there are more sellers than buyers and
buyers are you know buying chocolates in dubai or i don't know dude buying like filet mignon or
you know 20 000 bottle of wine or whatever wobby like if a man is ever trying to give another man tips on how to pick up a woman,
first off,
a man
that spends his time
thinking about
how to pick up a woman doesn't have
a woman, so why would you ever take advice from
somebody that doesn't have one?
If a man has a woman,
he doesn't ever have to
spend his headspace or
time thinking about how to pick one up right it's you know yeah that's yeah that's real man um
that's why we don't go to crypto events bro that's why we don't go to crypto events but um
that's why we don't go to crypto events but um i mean dude for the foreseeable future at least
for crypto there's not really like any massive launch to look forward to i think the only things
that could perhaps like rally um the entire market would be a hyper liquid airdrop uh there is the
jupiter airdrop next month though ju Jupe, Jupe reverse the Jupiter thing.
They do that like every January, um, since 2024.
So I don't know, man, maybe that makes us rally to like 97 K or something.
Cause the last Jupiter airdrop actually tanked the market.
Um, but maybe with hyper liquid airdrop 2.0 maybe that could be something
if it's even going to happen again i don't know if it's going to happen um yeah there's no like
like there's literally nothing to look forward to and even in bitcoin land like the uh sbr the
strategic bitcoin reserve it's just dead silent on that end man no that's not going to
pass they have to i mean at first they'd have to pass the clarity act and that's getting pushed
back till 26 so and i mean i think the big issue right now too with that whole you know jargon is
i think trump's trying to protect his you know his his children so that they don't go to jail for like a decade or two after what they did this cycle.
So, you know, that's probably a big reason why it's stalling.
You know, they're going going in and saying, OK, you know, put these things in it.
Don't put these things in it kind of thing.
Granted, I think I think it was World Liberty fight today for the first time in like three months has purchased Bitcoin.
So who knows?
Maybe they know something that's coming.
We'll see.
We'll see what happens.
Yeah.
Well, if there's anyone that wants to come up and speak, ask any questions, or more specifically talk on the markets,
you guys are more than welcome to
hit that request button at the bottom left for anyone that's listening right now otherwise
I think this is a great place to wrap up again it is Christmas week there's truly not much
to discuss price action at least in crypto land is relatively unchanged since last week um there
is a possibility right that we could retest the yearly open at least that's what i'm hopeful for
um and i'm sure some some of you guys are as well and we were seeing equity markets trickle to all
time highs if the es actually gets to 7 000 i think at the very least bitcoin goes to
like 95 it's very it's very difficult for me to like see such a massive candle for bitcoin unless
the s&p has like a three percent gap up in a week or something like that but uh with that being said
guys i'm gonna go ahead and wrap up here our final show for the remainder of this week is going to be tomorrow at the same time and uh if you guys happen to come across this show maybe due to the algorithm maybe one of um
the people you follow shared this and you happen to tune in whether it's now or whether it's the
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