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Market Talk - BTC HITS NEW ATH!! Exactly as predicted!altcoins next?!
Recorded: July 9, 2025 Duration: 1:44:40Space Recording
Short Summary
Crypto markets are experiencing a significant bullish trend, with ETH nearing $2800 and Bitcoin potentially heading towards $120K. The discussion highlights the positive sentiment and growth potential across various altcoins, indicating a strong market recovery and opportunities for substantial returns.
Full Transcription
Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. you Oh Oh Strong desire Ready to be free
Hearts on fire
Be the contrise in time I Oh Oh Ah! Thank you. Oh I'm going to go. so
Thank you. I I'm sorry. Man, what a day.
What a day.
What a last 24 hours.
Here on this space, we were saying that crypto is probably going to catch up now to the equity markets.
And here we are 24 hours later, gapping up across the board.
ETH gapped up to almost 2800.
ETH is very close to retesting its June highs. And ladies and gentlemen, if we have that happen all season, or at least an echo
of what we've seen in the past, specifically Q4 of 2023 when others BTC rallied 30%, that could
very well be on the cards. But I'm going to go ahead and post a chart for you guys up on the nest, which I made after yesterday's space.
And in the chart up on the nest, if you guys just click the space tab and check up top of our profile pictures,
is the chart that I made where I displayed the QQQ, which is the NASDAQ, below, and then up top, Bitcoin, both on the daily.
And you'll see that Bitcoin was right where the Ques were before it gapped up 5% to 6%.
And crypto, of course, is essentially levered equities.
So if we simply just catch up to the queues, Bitcoin could gap up to $118K, $120K swiftly.
And if you guys look at the daily on Btc the emas are curling up to the upside
and after we veer versed to 74k and hit 111 and change we kind of slided down all the way to 98k
consolidated for a bit and then after that consolidation we started to pick up and pick up
quite aggressively we have volume that's the difference between this summer and last summer and the summer before that. We actually have volume.
And of course, we have something else, which I'll also put up on the nest for you guys. And yes,
I'm here to share some charts for the first time probably ever, because this is, in my opinion,
where the cycle actually gets good.
And it's not just one sector rotating from the next to the next.
This is where everybody wins.
And this is a reversal that we've had over the last few months
where, again, we saw the equity markets have a bear market.
That was a bear market.
A bear market is when U.Ss stock indices trickle down by over 20
and when you have such a quick v-reversal that was quicker than covet we have to look at what
happened during that time frame and one of them was the iwm a capitulation followed by a v-reversal
on the iwm which i also put up on the nest it It's probably my greatest work. Took me like 15-20 minutes to
really get everything down and to make sure I wasn't just talking out of my ass because that's
what a lot of chartists do on CT. They just pull out charts with biases but this chart up on top
has absolutely zero biases. It's me on top of Jamma Bunta with Naruto saying that this is your guide to all season.
So for those of you that know Naruto, he is a clear example of what life can be if you believe in the power of friendship.
Do you believe in the power of friendship, ladies and gentlemen?
If you do, I have one favor to ask of you.
have one favor to ask of you and it's very very very small before we officially get started here
on today's emergency crypto and bitcoin meeting this is an exclusive space filled with information
and content that you won't find anywhere else but if you believe in the power of friendship
then guys go ahead and show some love and your support to the space the best way you can do that is once
again kick in the spaces tab and then once you see our awesome cool profile pictures right above
up on the jumbotron or the nest whatever it is you want to call it you'll see a link that says
x.com slash i slash spaces go ahead and click that link smash up the like button if you're
loving this price action smash up the like button if you're grateful to link. Smash up the like button. If you're loving this price action, smash up the like button. If you're grateful to be here, smash up the like button.
But also, just as important, hit that repost.
Hit that retweet button.
As it does do a number of things on a historic day like this.
We're in price discovery.
ETH is gapping up.
SOL is about to gap up.
Bonk is probably going to recover.
We have some good news, some actual good news about the pump
fund airdrop they're going to be dropping almost 25 of the supply to the community which is actually
insane so a lot of good news to talk about we have the iwm also making fresh local highs which
if you scroll through the nest you'll see exactly what that means for things like eth btc which i
think is already bottomed you can see from the chart that when you see IWM V reversing, ETH BTC does follow.
And ETH BTC on the daily is about a gap up.
Daily EMAs are crossing.
So if you're grateful for all that stuff, hit the like button, smash up the retweet
button.
It's a historic day, guys.
And the summer offense narrative that myself and Donnie have been talking about is coming
to pass.
I think just simply walking away is doing a disservice as there's been plenty of opportunities to play on-chain over the last couple of months.
Even if you've played only Bitcoin, a move from $98k to $110k on leverage, that is a sweet, sweet, sweet trade.
So I want to thank you all first and foremost for being here, whether you're tuning in live here in the audience, listening to our beautiful voices, giving you guys live coverage on the markets, or whether you're listening to the recording.
I want to thank you all so much.
Welcome back to Market Talk brought to you by Because Bitcoin.
My name is Wabi.
And for the next 45 minutes to an hour,'re gonna go ahead and cook for you guys and the
spaces as per usual are recorded so I hope you guys are ready and strapped in for this show it's
gonna be a great one it's actually gonna be one of our best yet in my opinion so I'm gonna go ahead
and kick it off we got Donnie up here we got spread we got afro hopefully chill joins us as uh today is a pretty pretty
exciting day on a wednesday afternoon btc well above 110k eth gapping up ebtc curling up as well
you absolutely love to see it something that was a harbinger of doom for many years since we
bottomed after ftx is actually going on a bull trend then there's so so so much confidence to
back it up this time so i'm gonna kick it off as i usually uh have been doing on these spaces over
the last eight months and start off with donnie man so donnie here it is man here it is the actual
massive massive start to the melt up the realup, where you're starting to actually see ETH lead to altcoins, which is what we've seen during previous cycles.
And of course, those of you already know, some of my favorite charts, Ray, AVM doing tremendously.
On-chain, on-soul, beautiful recoveries from things like Useless.
for recoveries from things like useless useless about to go into price discovery as well which
of course means uh means significantly good news for some of the beta like hosiko and ikun and all
that good stuff and we also have soul about a breakout as i said earlier in the space so
a lot of confluence to back up really any altcoin to break out here by a significant degree so
just need btc to push us a little bit more.
Maybe we get some bit on the Asia session.
But Donnie, what are your thoughts, man?
This happens on a Wednesday,
and most of the action has happened over the weekend.
So here it is, man.
Trump is making trade deals left and right.
The market is climbing the wall of worry.
And I think this is the start of a gap up man as uh as the charts that um i've been sharing with you over the last
24 hours man and hopefully you guys find them clean in the audience hopefully you guys have
been liking the charts that i've been pulling out um i will be posting a fresh new chart before the space ends for you guys in regards to soul usd which
i think um is going to be uh entertaining for all of you some pretty pretty exciting stuff
i found in these charts so donnie what's going on brother welcome back to the show
hey bro feels good to be back um on a nice green day with an impulsive candle across the board.
We've been warning for a god candle lurking in the shadows for some time now.
And it's just nice to see it playing out.
And our timeline was kind of the first two weeks of July.
So this candle that happened today is super, super, super constructive.
So this candle that happened today is super, super, super constructive.
Even though you've tagged the 112k high and had like a, what is this, 1.2% pullback, which is nothing at all.
The actual candle that was planted just then is the signal that you need basically to, you know, quantify that this is actually going to break out to new all-time highs. Now, you had the same thing actually happen with the range that we were comparing
this lower time frame range to,
which was the 2024 range from 74K to 49K.
And instead of getting multiple higher lows,
building up slower and slower,
slower like that range,
we actually just had that quick fear climax with the World War
Three wick, and just a very quick pricing out from that low where, you know, a lot of people did
actually capitulate there and we're calling for much lower prices. So we started building, you
know, much higher lows and squeezing to the top of this range way tighter than that range.
So I was kind of, I posted this chart just so everyone has a visual. I posted a circle around
basically where I thought we were at, and it's starting to be evident that we are around there.
Now, see how in that 2024 range, we actually came to touch the 74k high.
Basically, what that is, is you come up, you clean all of the liquidity that's resting
above there, whether it's shorts or liquidations or whatever.
You clean it up.
The order book is extremely thin.
You either get like a larger pullback like we had there, which is I think that pullback
was like 9%.
Now, this range is much smaller and lower
timeframe. So it won't be a 9% pullback. It'll be, I don't know, something half of that, let's say,
or even less. Or we're actually at that impulsive candle that broke the high. And if you actually
zoom into that on like an hourly chart, you cleaned up those highs once again, you pulled
back like 3%. And again, the order book is super
thin, it makes it very easy for price to just gap up. Now I talked to some super smart on chain
dudes, they constantly update me and stuff. And this rally that we just had on Bitcoin was extremely
spot driven, a massive impulsive spot coming in to push price up. So that's also
another good point of Confluence. It was very similar at that 74k high as well. So yeah, I think
you could potentially just give it just a little bit more time while it, you know, again, cleans
up the order book, makes it nice and thin. And the next series of spot bids come in to just absolutely push price through this
high and likely we gap up to 120k plus. So yeah, I wouldn't, you know, you have to remember Bitcoin
is not a meme coin. Even though it can just impulsively go straight through these highs,
like right now, any second, just if it does spend just a little bit of time here, that's also
completely fine. But again, it's like the 9th of July.
Our timeline was kind of more skewed towards the first two weeks of July.
And this is validating that very strongly.
So price validates all of the bullish tailwinds that we've got lined up on the macro side of things as soon as price starts to go up.
Now, the good thing about that is that the rest of the market participants, they'll start to see that, oh, wow, it's actually happening.
And all of those things that we're worried about, they're actually irrelevant in basically
a weighting of the bearish things versus the bullish things. There's just a million things
to be bullish about. And the only thing to be bearish about is some sort of impending doom or collapse or whatever,
which really doesn't have a strong argument anymore.
And even with the tariff stuff, like it's still all noise.
What you think it's not going to, this policy noise is not going to be smoothed out one way or another.
It will be because they're trying to have an economic boom and subsequently a market boom.
So, you know, once the general consensus starts to understand
that that stuff is actually all noise, which again, there's still like hints and walls of
worries or whatever, it's just going to be too late. It's the same as the 74K bottom that we had
that, you know, we're arguing on spaces with other people being like, you realize if you get an
incremental confirmation of them switching the playbook from essentially tanking the market,
going through the detox period
to the new playbook,
which is insanely inflationary,
everyone's going to capitulate long.
And that's exactly what happened.
So it's just more of that.
And the good thing about that is that
by the time everyone does capitulate long,
you're going to be way higher than you are now.
So I just don't see how this rally
stops at like 120 130 for example to me it's like a minimum target of a 138 uh before we have like
a local top or something and all the way up to 182k so all of that can happen before october
as long as we get validated by this breakout here which again it's looking super super clean you
don't just get a random spot impulse
clean up the order book at the highs to just roll over like literally that makes no sense whatsoever
so yeah everything's looking super uh clean and i'm just super hyped i just got one more chart
um this is the total two over coin chart that i I keep sharing. Now, this isn't an updated chart,
but if you just go where I've drawn that blue arrow pointing upwards,
you can see how total two has actually started to round out there.
And if I go on an actual candlestick chart,
it looks insanely clean as like an accumulative pattern
to essentially push up higher.
Now, the updated version of this is almost breaking
like the higher timeframe market structure to bullish, which will essentially be that last
like corner in the blue pricing there, where you went up and then down. It's just, if you cross
that, it's going to look insanely clean. Yeah, I think this plays out. Like I think Total2 is
just going to erupt and you're being validated by ETH BTC and ETH as well. Like even yesterday,
I posted something saying IWM is looking stronger than SPX locally, like SPX pulled back a tiny bit
and the Russell barely pulled back and actually closed green while the stock market closed red.
And then you looked at ETH, ETH was breaking local market structure to bullish, whereas BTC was kind of stalling out,
which was, again, giving another local signal as to,
okay, something is like brewing here.
And then today validated that we were correct.
And ETH is actually going to lead this rally.
So if BTC does start printing an impulse,
you know, to 120K and above,
you're going to have that rush, if you guys remember.
I think, think oh when did
it happen it must it must have been somewhere when we broke one of the key levels on btc at 90
okay 88 88 or 99.5k it was one of those two where you saw like on chain just 5 to 15x out of nowhere
everything just gapped up like crazy you're essentially going to get that again when btc
does go to that 120k plus area.
But it'll be way stronger this time
because you're actually going to have Bitcoin dominance
confirming a market structure loss to the downside.
Which again, all of these triggers
are like three year long things we've been waiting for
that haven't triggered that are about to.
So I don't know, there's a lot to be excited about.
I think, again, people are just still way too conservative and too bearish. haven't triggered that are about to so i don't know there's a lot to be excited about i think
again people are just still way too conservative and too bearish and their timeline is too short
they still want to get out in a couple of months and most likely the next correction that we have
when it's whenever it is like september uh late august october who knows that local top and again
i i'm i'm leaning way more towards it being a local top
than a cycle top like there's probably like a 10 chances cycle top to me people are going to call
for a cycle top because you're having a correction and it's not even going to be that steep i don't
think it's going to be uh you know a 30 correction or whatever uh just the way that all the leading
indicators are looking like dxy unless you shoot to like 180k
200k because the price has just escaped too high up so you can validate a higher a bigger pullback
from there but if we only go to like you know 140 or something like that i'm not expecting a 30%
pullback there and yeah most likely people will call for a cycle top there and it's more likely
that we will just re-accumulate again and go even higher into
2026 so yeah if zoom out it looks great you zoom in now it looks great so i don't know there's
nothing there's nothing left like there's no more analysis to be done even ta is like useless now
just pick some coins and ride yeah man we're uh witnessing history right now spread what is spread what are your thoughts
brother on today's price action kind of uh how donny uh opened up the spaceman and set the tone
hey guys i'm still uh i'm still clear i'm still clicking some some buttons on my forex site uh
do you remember what me and Donnie were saying
I think it was Monday night
not last night right
Monday night
it was the last time
when we were here
Donnie had like a whole
plethora of bullish arguments
and on top of what he said
I added a few of them
and among them
was the chart of copper
you guys remember we spoke about copper and I said that Dr. Copper Did a few of them, and among them was the chart of copper.
You guys remember, we spoke about copper.
And I said that Dr. Copper is the one which gives the strength or it gives the health of the global economy.
Well, the second day, guess what copper did?
Actually that morning copper rallied, I think it was 17% in one God candle
and it printed a new all time high.
So, um, the conclusion to what we were speaking the last time when we were in these spaces,
me and Donnie, was that I don't see any bearish signs.
And I'm still looking.
I didn't post it yet, but I would really appreciate if anybody who is bearish
has any valid arguments as to why would you be bearish on risk assets right now.
What I do like, and I spoke this evening to my guys,
is the fact that not everybody is agreeing anymore that DXY should still drop.
So I have some smart people.
I'm not going to call them out because I really respect them and I respect their views.
And of course, I can be wrong.
But they were saying that
this is the dxy bottom um and to all in all fairness it can be a local bottom right here
we can see a relief rally or a dead cat bounce we can see towards 100 or 101 but even that i don't
see it right now so to whatever don he said i agree. I have been screaming from the top of my lungs and my charts that IWM looks bullish above 207.
I posted the Niverse Head and Shoulders four or five weeks ago.
My target was 15% upside from there.
We're already around 8%.
So halfway through, riding that puppy all along.
riding that puppy all along and on bitcoin i kept saying like the only things if you were following
i don't know some doom earth shits and you are afraid about the war etc even even after the
night where it was the biggest attack between iran and israel i said just please just watch
what tether is doing and tether printed two billion dollars like after that weekend and right now usdt
dominance looks bearish bitcoin dominance looks like it might printed uh it might have printed
like a at least a local top so all in all i don't know things look pretty pretty nice and tomorrow
i'm going to post a very interesting chart i think it's going to be for the first time this cycle
or the second time because one time it was a false break when i'm saying this so even the dax if you guys remember because i'm from europe
i mentioned this fact right a lot of people were bearish for some reason on s&p 500 and i was
mentioning like if you're not bearish on the dax the biggest german index. When Germany's economy is in a way worse shape
than United States economy,
how can you bearish on S&P or on US equities?
It made no sense.
And guess what?
Today, the DAX made another all-time high.
So we have S&P at all-time high,
NASDAQ at all-time high in price discovery,
DAX at all-time high,
even Dow Jones, which is like the boomer index,
like a slower index, right? At all-time high even down Jones which is like the boomer index like a slower index right
at all-time high IWM breaking out Ethereum going towards 2,800 3,000 which is a huge area
DXY still dropping in way under 100 euro dollar breaking out so breaking above a downtrend channel which lasted for the last 17 years and a copper at all-time high i'm
i'm really finding it very very hard to find a like a bearish bearish bearish analysis or
bearish signal we had the nfp which beat at expectations unemployment rate dropped
unemployment claims under 250 so way way under 300,000.
I don't know. I don't see it. Of course, at any point in time, anything bad can happen,
but there are no valid or solid arguments towards a bearish thesis. I don't know. If anybody has them, I really want to discuss it. No, you know, no curveballs, noballs no shades no nothing let's just have like a professional
talk about the bearish arguments because i don't see them
oh i just oh man it's about to get fun dude when this actually plays out you will literally have
coins on chain doing hundreds of x's and it'll be so easy to hit.
I remember that Q4 2024 rally, Wabi, man.
There was honestly so much.
That was fucking insane, dude.
That was like a smidge.
That was a smidge.
Do you know why?
Because again, that others BTC chart, it has only tanked this entire cycle, but it's literally about to flip.
Yeah, and that's a real thing, man.
I think the only time where others BTC actually caught some breadth was from October of 23 to February of 24.
And that was a 30% rally.
And everything pumped.
VC coins, on-chain coins on chain coins meme coins everything
everything is a collective um even nfts pumped camp by pandas melted face even bored apes caught
a huge pump um there was one other thing there was like one stock that went crazy during um that time period
it was not caravan i forgot what it was yeah i know carvana did well but there was something else
that was will's play and shout out to will he caught 100x on that one man um and i've been
saying this for a couple of weeks for about about a month, actually, that the equity markets are going
to provide more opportunity than people think. I mean, just even taking a look at Circle,
after it traded back to 170, I was like, hey, guys, this is a perfect opportunity
to get in if you missed out. And it's up almost 20%. And that's a move that's happened over the last seven days on a stock.
So I mean, the market cap is 44 bill right now.
You take a look at hood, circle can easily double from here, if not triple.
I just think that the trade on micro strategy is over.
That is now a mega high cap stock.
And that story is over.
It's just a Bitcoin treasury company with a man that has a gambling addiction that has lost his investors money back in what was at the time the largest lawsuit ever given to a publicly traded company.
And I just think that story is over.
And the story right now is around consumer applications.
And you're seeing that with Robinhood and even in crypto land with Moonshot, which I
think personally, Moonshot really set the tone for the space.
And perhaps something like Believe, right?
LaunchCoin, that narrative kicks off
you have a lot of people from tradfi that have experience not only in viral marketing but
actually putting product out and we need more of that we we need a hell of a lot more than that to
get some real capital in the space that stays in the space it still has a long ways to go to be honest man that money that got destroyed
in the all coin space from ftx and luna just hasn't really come back and it's apparent when
you look at others btc and all that stuff so i do think that money though is going to come come
through uh these etfs uh from eth and soul and if you take a look at the ETH ETF,
it's been trickling up in volume.
And yeah, I think that actually matters now.
The ETH narrative is actually going to come to pass.
And as far as BTC, we have the treasury companies,
which is great, but we said this,
I think like a week and a half ago, maybe two weeks
ago, the week before July 4th, we're like, this is peak euphoria. This BTC treasury company narrative,
it's at peak euphoria and anything can be a BTC treasury company. A coffee shop in Latin America,
and that's a real thing, by the way, a coffee shop in Latin America
can purchase 0.5 BTC and it's now a publicly traded treasury company. You know, like, okay,
and now you have, you now have BTC laser-eyed people actually rooting for treasury companies that have gone bankrupt more
than two times to allocate more in BTC treasuries with consumer funds. Like, hey, give us your money
again, even though we've blown up two times. Give us your money so we can buy BTC. But if BTC goes down 30%, 40%, you lost all your money.
Make it make sense.
It's starting to look like Celsius and BlockFi all over again.
But thankfully, you know, when, I don't know if I should say this, but that whole narrative with earning yield on your Bitcoin didn't really start until DeFi summer was over.
And we still had a good year left of the
bull market so um rates coming down fed going back to neutral stands i think that gives us at the very
least another year in this run uh but yeah those are kind of my thoughts i just don't really like
the whole narrative of uh of a treasury company but
yo donnie how does how does soul look man i'm cooking up a chart here how does soul look to
you bro it looks like i was smashing out some some writing and stuff um you're good man uh
what was i gonna say not before soul bro eith uh eith btc? If we're thinking, which I'm thinking, in 2026 BTC,
it could happen this year,
but I'm thinking it's a more likely 200K plus BTC in 2026.
If we're looking at ETH BTC
and it's literally about to flip weekly market structure to bullish,
which is above 0.03, you flip that,
I literally don't see how this... It's pretty much.03 you flip that i literally don't see how this
it's pretty much if you flip that it's you know impossible to go to not go to 0.05 right and if
btc in my head is going to 200k and this thing goes to 0.05 eth btc that means eth is going to
hit 10k very easily uh but i think ETH BTC actually goes higher
than that. And I think there's a case to be made that Bitcoin goes even higher than 200K.
I think the timeline could extend 18 months from now with all of the macro stuff that's unfolding.
So it's just crazy how people are extremely bearish on ETH.
And all that happened was we got a nice candle.
They formed some sort of narrative around ETH.
Okay, it's stable coins now,
which we actually predicted that way before anyone caught that.
And it dropped to 1,300 or whatever.
And now all of a sudden, ETH is giga bullish
and everyone wants the long ETH.
But also they're downplaying how high eth can actually go this cycle just by looking at the
simple math with these charts but again it's that's if your thesis is pointing to 200k btc
but even even 150k btc and 0.05 eth btc which again if you cross 0.03 right now you're at 0.025 pretty much and if btc breaks the high it's gonna flip
you're gonna go to 7.5k eth which is just crazy right those are huge numbers if you know what
that means for the rest of the market like bags that you're holding now if they're like sub 100
million uh tokens or even even sub 500 million they can easily multiply 10, 20, 30x, 50x
if they're like, you know, sub 100 mil.
It's just crazy.
I think, you know, the simple math to me
is just insane right now.
I was running it yesterday for the Discord
and I was just like, whoa.
You know, and that's me being like
base case slash conservative.
If I'm going, you know, full bull,
it's just stupid.
Like ETH could easily hit 15,
20k if BTC can get above
250.
Plus the narrative is there. Literally
Scott Besson projecting 2 trillion
for stablecoins and
now people wanting to lever up
ETH similarly to BTC. It's
all there. It's all there. Plus
the divergence between
price between Bitcoin and eath
you know with this eath btc uh three-year downtrend and bitcoin dominance three-year uptrend about to
flip with a potential 18-month timeline for risk markets to do well it's just crazy man yeah this
this whole term of cycle i don't think people understand what it means um we're really just following liquidity cycles and this tightening cycle has far extended
beyond anyone's means anyone to be frank uh we've been undergoing a tightening regime a
actual pullback from the balance sheet for over three years now.
And just from going back to neutral stance, I mean, just take a look at what others BTC did after the Fed paused rates.
After they didn't hike during the September or October meeting, whichever one that was, after they hiked one final time in August,
others BTC rallied over 30 percent ladies and gentlemen donny did you talk
about the charts already that you posted up on the nest uh the bitcoin fractal yeah yeah
no i didn't i just put it up there um yeah go ahead man uh what was i gonna say let me just
quickly find it uh where was i here we go so So there isn't too much to say about this other than like, I'm pretty, I'm pretty confident that we're headed towards some sort of pretty solid high around that late August date, right? It could be, you know, mid August, it could be mid September, it could be the start of October, I don't know, but somewhere around there.
Following this 2017 fractal, which is actually not one-to-one with the dates, the time displacement
is the exact same, but I've just shifted it slightly to where that peak that you can see
that I've marked in August 30th is actually the November peak in 2017, right?
Because our cycle is actually slightly even more extended
than the 2017 cycle was.
So this kind of lines up better
and it fits the fractal a lot cleaner
with the 110K high that we had and then the correction.
And now we're coming off of that.
Plus, we've literally got global liquidity
headed in the same trajectory as this exact fractal.
Yeah, I think you're headed towards some sort of local top there, which again, I don't think
it's going to last very long.
I think it's going to be sharp and it's not going to be big like people are expecting
or have been seeing that we've been getting these big 30% corrections.
I don't think you're going to get that on this one just because of how ample
liquidity will be. And again, we're transitioning, like you're saying, from tightening to potentially
easing. Well, things are actually easing for sure. I'm not sure if you'll go absolutely vertical
like that to 300k plus by the end of the year. That's pointing to the high being like essentially january um there's a chance for like
if these companies really do cause a blow off top uh levering up like crazy and there's some
crazy fomo going on there i still don't think you'll get to 300 what is this pointing to 350k
or something like that but it's still a good fractal to keep in mind. And you can taper that expectation to like 200, 220, 250 maybe at the upper end.
It could really play out like this.
I could see that materializing.
But yeah, I think the timeline for this fractal
is just perfect.
Somewhere around late August,
quick correction,
probably lasts longer than that.
And then, yeah,
you have another really strong rally going into 2026
and then from there we'll see.
Do you think we're in like
April of
2017 or something like that?
Where the cycle actually starts
to some degree?
No, we're at like...
I'll have to pull up the chart.
It's different.
It's like it's molding in a different way.
It's just this next phase fit that fractal quite nicely.
But essentially, we would have just had the 15th of September drop,
which was super scary.
You actually had like a distributive looking structure there
and you lost market structure to the downside,
you know, and you fell to like, what is this 3k? And then you rallied, which is the rally I'm
talking about now for us, you rallied all the way to almost 8k before you had, you know,
a quick flush and continued higher. It feels like somewhere around there. But again, my timeline is
a lot longer than most people. I think it could last up to 18 months,
but obviously six to 18 months.
So it just depends.
If price is going as vertical as this chart is showing,
maybe not 300k plus,
but still very, very steep by the end of the year,
then I don't know.
I would be a bit more skeptical.
I feel like it'll be a little bit more gradual than that.
Spread, what all coins are you looking at, man?
I understand that there's no reason to be bearish
and there's no bearish argument,
but let's talk about what we're seeing in the markets right now,
like specific tickers and stuff like that.
Brother, if you say injective,
I'm going to fall off a bridge here, brother.
No, man.
No, no, no.
Injective is way low. No, no, no. Injective is way low.
No, no, no.
I have been longing Uniswap above some important levels.
And I think if...
I really hope it comes to fruition to what Donnie said.
By the way, between 0026 and 003, I'm going to post a very interesting zone for ETH BTC tomorrow.
So if ETH BTC continues and ETH outperforms, Uniswap most likely is also going to do very good for me.
I have been bullish on hype for several months now.
What else was looking good?
Aave was looking also good.
Some of my guys also are bullish on pepe but i'm
i'm waiting for a bit more confirmation basically what i'm doing and what i have been doing for the
last two years now i have made the list on trading view and i'm putting there like different brackets
and i'm just watching what is strong for several months especially when bitcoin is kind of
for several months especially when bitcoin is kind of fucking around right like ranging because
when bitcoin is resuming and i'm studying those those altcoins versus usdt and after that versus
bitcoin and they were doing good versus bitcoin when bitcoin was doing gunk when bitcoin starts
rallying most likely they're gonna be also the outperformers so going back i like uniswap uh i'm still gonna wait a little bit on
pepe i like hype i like ave um let me double check because i have others also on my list
hold on just for one one second while i'm pulling up the chart spx was although I'm not such a meme coin guy, for the last eight weeks, ten weeks, SPX was looking very, very strong, still looks very strong.
And I would like, it goes without saying that Farcoin was strong, and I would like Solana above 160.
And I would like Solana above 160.
So once Solana breaks above 160 and continues above 180,
so these are the two levels.
I think 160 is the first go.
And above 180, if you look back in May or since May,
Solana is already printing a higher high and a higher low structure and weekly.
So above 180, I think we're going to have a very, very good time
with Solana and everything related to Solana.
So yeah, these are the ones that I'm focusing on right now.
And after that, we shall see.
But you know what?
Like Donny said, if ETH breaks above 1.30, wow.
If ETH breaks above 3,000 and ETH BTC breaks above 0.03,
I think it's going to matter less exactly what you hold.
But if you're going to have the stomach to hold it until then or the patience.
I like it.
I like this kind of, I liked this kind of markets.
I liked them before.
I enjoyed a lot the last few years because they made people anxious.
They made people worried while I was heavily deploying, especially to Bitcoin.
I'm still 80% in Bitcoin and 10% in alts.
But I think that's going to change very, very soon.
Yeah, I'm checking out Sol right now.
It's kind of lagging BTC and ETH right now.
But I think that's going gonna change very quickly if you get
the clean uh break of the highs on bitcoin because this chart just like you're longing this chart
right now for example um if you're expecting follow through at the highs and your stop loss
would literally be 147.8 so yeah I think if you get the follow through,
it's just going to zip straight past 190.
And then from there, it's just pretty much up only
because passing 188 now would basically mean
that ETH has crossed the key level.
Bitcoin dominance is rolling past market structure break.
Bitcoin has broken well past 112.
So the follow through that comes from there
is just unstoppable.
So, yeah, it's kind of like the last sliver of patience before things get stupid.
Doc, what's going on, brother?
I'll pass it over to Afro.
Afro, what's up, brother?
What are you thinking about the market?
How are you feeling, man?
Welcome.
Oh, dude, I didn't even know it was on. I'm like, I'm sending emails for work and whatnot, but I've been listening passively.
So right now, man, I'm just putting in my discord, you know, happy all time high day.
We've been getting in the trenches since yesterday and there's been some stuff that we've been looking at.
But other than that, just enjoying the show for the most part.
It's not all the time that you get these breakouts to the high, but when you're there and you've been holding and you've been spotting chill for the most part, it feels good.
It feels real good.
That's what's up, man. What tickers are you looking at in specific so um my my buddy put me on axiom uh and there's like a he got like a a really big wallet list of
who to watch right now and and really just watching uh trends so like um when it comes to just meme coins
we were um we're watching the lore so my buddy hit like a really nice uh you know little 20x on
lore um and i had like maybe like a seven or eight x on that uh but really what's happening
is a lot of people are just reviving dead coins um i think i follow um i follow tony 100x and uh he's looking at like some nyc coin
that seems to be you know coming up and then obviously uh you know uh we hit that uh that
circle play uh thanks to uh donnie and wabi so appreciate that um but really really, I'm honestly, I'm a little bit boring right now.
I'm just in ETH, Solon, BTC for right now.
I'm waiting to switch over from ETH to some BTC to ETH.
And I'm just, it's coming.
It's coming closer.
So I'm waiting to rotate.
Donnie, were you going to say something, brother? I saw you come off mute there for a sec
uh no no no okay all right man i was just gonna i was just gonna say man base bar quinn's looking
absolutely clean right now oh boy i've been meaning to get myself to buy some and i i keep
fading the call and i'm like it's's going to do something and then I'm going to keep in.
telling you, bro,
I can't say too much
but you guys are getting in
before something.
I can't even say it.
I know it's going to happen,
man. I know it's going to happen.
I don't know why I'm not pulling trigger right now
but for whatever reason, I'm not. maybe I still have too much bear market PTSD but yeah I mean now you won't miss shit but like you know getting the premium entry is fucking nice to be honest oh yeah I wanted to add something earlier sorry sorry guys to when Danny you were talking about targets and I think I mentioned this some time
ago but last cycle when we were not even close to 100,000 we were seeing from a lot of KOLs back in
the day a lot of targets of half a million one million and crazy targets all over the time for
what for one million like half a million, one million targets.
For Bitcoin?
For Bitcoin, yes.
When was this?
Last cycle.
Last cycle,
when we were like at 50k, 60k, etc.
Yeah, yeah, yeah.
All the timeline was full.
That was the opposite, eh?
Exactly.
Do you see it now?
Yeah.
Bro, I see it, bro.
And oh man,
there's such a deep thesis
as to how,
in my view,
the financial elites have played the entire world slash markets ever since the implanted COVID into the whole global system.
But that's another story.
And it's playing out now.
So I don't know if you can't see it, if you haven't researched the world deep enough, you'll see it soon.
But I just think it's all done by design right
even the etf launch they launch it when like literally the whole world is cooked all businesses
are literally losing money they're all just paying debt off and no one can afford anything
there's literally world war three uh being talked about the whole time constant shakeouts sec chasing
every single company this this, that,
the other. Trump and Elon Musk come to save the world and BlackRock filled their bags prior to that. And here we are now. All of the macro is aligned for essentially an asset bubble and
they're marketing this thing to the world after filling positions. So it's just one big
image that's just playing out right now. And it's just crazy to see it materialize.
I didn't think it would actually,
things would align this perfectly for the sector,
but here it is.
So let's see how high it goes.
And if any changes,
if I do see a cycle top coming
in the next three months or whatever,
like I said, I will be the first to call it.
It's nowhere near in sight nowhere near
whoa whoa whoa max is up here on spaces man instead of listening anonymously with tucker
i know they listen to the spaces but i know it's anonymously uh tucker does that all the time man
um speaking of tucker he made a new youtube video i'll post it up on the
nest before i wrap up the shows but uh max what's going on man how are you feeling brother welcome
back to spaces wabi wabi wabi um first of all wabi i only respond to a very, very specifically worded question.
And you know the question.
Oh, that's right.
I know it's been some time.
That's right.
That's right.
It's good afternoon.
How are you?
What are you seeing in the markets?
We need to make some merchandise with that phrase.
I'd buy a mug with that on there.
Yeah, I would definitely do that.
Well, see, it hasn't been that long since I've been up here because you nailed that. You nailed it. I'm in the car by the way. Um, so hopefully you guys can hear me.
Okay. I'm just, uh, I'm just driving home right now, but yeah, you are kind of right. I do tune
into the spaces once in a while, like on the, uh, what do you call it in like the bucket down below
or in the, I don't even know, like the anonymous, the anonymous guys just once in a while, because I try to get home early to see my son and hang out with them.
And yeah, I don't know if I was I was still running till five or six o'clock.
I'd hang out every day. But you guys do a great job.
But fun day today. This market has been absolutely putting me to sleep. It's actually, it's slowly transformed from like, all right, I'm being lulled was starting to feel the weight of like a time-based
capitulation where I started to see like the number 110 K Bitcoin in my head when I'd close
my eyes and I became resentful of a number. I'm like, Oh, I hate this fucking one 10 man. I hate
110 K and then ETH pumps for like three days and then ranges sideways and the tightest little value region for like
literally 60 days. It was terrible. But all that to say, like things looked really constructive
the whole time, despite the absolute, you know, vol crush that we saw. Bitcoin historical volatility
was down at a level that it's really only been at, I believe, five or six times in its entire history.
So we were seeing historic levels of all compression, which every single time that happens, like it's a fail safe.
It doesn't ever miss. Like you get a huge, huge expansion one way, whichever way you decide to break.
to break it's happened a couple times where you know we're coming out of a bull market you're kind
It's happened a couple of times where, you know, we're coming out of a bull market.
of hanging on a cliff volatility's dead and then the floor gives out and you get like a trap door
and on the opposing side of that you've had more times where you get some sort of you know lullaby
and the market is just stuck in this tight little compression for months on end and then you get a
huge break of value and it kicks off you know jump starts the
next leg so uh you know thank god that it was to the upside apparently it looks like we're trying
to break out here and i really didn't have any doubts we were talking about that today on market
check where uh during these periods of super low volatility they typically last between eight days
and 22 days we did like a little backtesting study on when
bitcoin historical volatility gets under 3.3 which is kind of that like okay we are floored
out baby like the market is dead nothing is moving there is no volume like we are just pinned right
like that's kind of your level uh if you wanted to find that ticker yourself, you could type in on trading view, cash tag, you don't even need to put the cash tag, but
BVOL. And I believe I was using the seven day or yeah, I think it was BVOL seven day,
but anyways, pretty insightful. But yeah, I mean like, look, things look really good.
The thing that was difficult for me during was I feel like I couldn't quantify crypto's behavior given what equity you're doing.
Like we saw recovery now.
I'm cutting out. Hang on one second. Hang on.
One second.
One second.
All right.
Can you guys hear me okay?
Loud and clear.
Okay.
Sorry.
Sorry.
I was driving there.
We're good now.
But yeah, it was diffy because I felt as like I was being duped or like I couldn't quantify crypto's behavior where we saw QQQ,
you know, stick the V recovery from like April, early April.
So, you know, Nasdaq's in price discovery, S&P 500's in price discovery,
Russell 2000 companies are starting to perk up.
You see crypto companies, I'm sure Donnie's
covered this. He had some absolute banger tweets on this, but like Coinbase, if you overlay Coinbase,
like the ticker coin, or two or others or total three, just like any of the shit coin indexes,
they basically trade, you know, they're, they're super positively correlated with each other.
And I'm not talking like intraday moves.
I'm talking like for multiple years on end, every high time frame pivot has been the same with coin and ETH or coin and total two.
They move in tandem.
So it's like we're seeing coin ripping face day after day.
We're seeing hood, which is now like a crypto company or slowly you know, slowly, you know, their crypto business is
becoming larger, ripping QQQ, all time high, SPX, all time high, like everything was lining up
perfectly. And crypto is just pinned on the floor, right? Or at least crypto volatilities pinned on
the floor. So that was what was so frustrating. But it was really just a matter of time, we were
looking at, you know, Bitcoin dominance charts looking awfully distributive, right?
So we're seeing things like total two, total three others looking like they're coming out of a three drive accumulation into like a high time frame range low.
In Bitcoin dominance looking distributive.
Right. Printing rate divergences.
So it was really just kind of the mindset of like,
we just need to wait this thing out
because we're going to play a game of catch-up
and it's going to be very, very quick.
And I think that's probably what you're about to see here
for the remainder of Q3.
Like Q1 seasonality,
seasonality is no different than any other technical
or fundamental factor it doesn't
have a hundred percent hit rate but it does work more than it does not and we had sort of like a
black swan with you know the tariff shit happening in q1 and i think that really escalated some
selling that was going to happen regardless or at least you know short-term selling um but markets
are very reflexive in the way that you you know, when you get a really harsh
L off, you typically are met with just as harsh of a rally, you know, to the opposing side. It's
like a rubber band. It's got a snapback. And I think that's exactly what we're seeing right now.
Peak fear, horrible sentiment all through Q1 into Q2. We're now into Q3. July is the second most bullish month for Bitcoin, second to only
that of October, going back to 2018. And we're seeing just that. We're looking really good.
I think that probably from here on out, given how ETH BTC and Bitcoin dominance looks,
I would expect ETH and the ETH ecosystem and probably some other L1s to gain some market share against Bitcoin.
It's not like a bearish Bitcoin thing.
It's actually a tremendously bullish Bitcoin thing.
Like Bitcoin is probably going a lot higher.
But I think that ETH has got a lot of ground and a lot of runway in front of it.
There's really a lot of error from here at at least to like 3,300 short-term. And then from there, I'm sure we'll battle with 4k that, you know, again,
maybe this month or next month and probably get rejected for like a hundredth time and then
eventually smash through it. But this really should be the beginning of the fun part of the
cycle where things become a little bit easier.
We don't have to hear everybody calling for one more sweep of the low every single day,
which is the most annoying thing ever.
Just like, well, just looking for one more sweep of the low.
Just, come on, just one more sweep.
Just give me one more sweep of the low, please.
Max, check my post.
I posted it like a few hours ago. Bro, more water one more recession please bro please they are like that bro it is very real and you know
it's uh look it's the truth is it's like the guys that have been trading and fading every impulse
for months have probably been uh probably been doing
better than the guys like me that are just swing trading and holding positions like dude most of my
literally i think all my bags except for base fart coin are in long-term cap gains territory
and uh like that's how long i've been holding them for those that are not in the us it means
you've held something your your entry is over a year old, so you get to pay, you know, that seismic shift where the swing traders, the holders, this is super corny and I'm going to cringe when I say it and speak these words.
But the believers are going to probably come out on top during this next phase.
At least that's my hope.
Assuming Bitcoin can stick the landing, which I think that it will, I'd say maybe give it until early next week to really break away.
It could happen as soon as tonight. I mean, we'll see when Asia wakes up. But, you know,
if it doesn't happen immediately, I think within the next, you know, half a week, we should be
well on our way. All my systems are a go. Everything I look for is full on risk on firing,
you know, guns a blazing. So, yeah, I think this is the start of the next
leg up. That was kind of a super long rant. It's been a while since I've been on here, but,
uh, yeah, I'm pretty excited. Like this is, I say this and you know, people will always say
like they'll tweet out something and they think it's profound and inspirational. And they're like,
just remember the market doesn't owe you anything. I'm like, no, fuck that man. The
market owes me a lot. Okay. I've been through some shit in this market.'t owe you anything. I'm like, no, fuck that, man. The market owes me a lot.
Okay.
I've been through some shit in this market.
I plan to collect.
All right.
Market owes me.
Max,
Max,
does it make you feel good that,
that Wabi,
has been bullish for some time now?
Does,
does that,
does that tickle you brother?
That it does more than,
it does more than tickle me,
man.
with Wabi's track record it
provides me a certain sense of uh insulation i feel very insulated i feel like i'm just kind of
coasting um all all my all my giga fades are super bared up and fading this move and all my giga tails
wabi being one of them donnienie being another, Mr. Spread,
absolutely. They're all bowled up to the gills, man. So the stars have aligned. All right. It
looks good. I think we're going to have some fun. No more sweeps of the lows. Time to sweep some
highs and smash through them and not actually sweep them. So I'm excited, guys. I am. I think things look really good out
there. Like what has me most excited is actually a lot of the pair charts. You know, like if you're
looking at like, take any like major altcoin, right? Like I'm not talking about the ones that
are just like cooked and never coming back. I'm talking like, I'm going to cherry pick one of my
favorites, right? We'll just talk about something like Pepe. If you were to chart Pepe against Bitcoin, when Pepe starts curling up and breaking higher against its Bitcoin pair,
while Bitcoin is looking as strong as it is, that's like your giga risk on signal.
When you have a solidified large cap altcoin like a pepe or i mean you name it right
that's just like my ticker of choice charted against bitcoin and like see how it looks
most of them are looking really really really bullish right now like the individuals as well
as like you know others btc i think looks all right here eth btc i think looks good but like
others BTC I think looks all right here ETH BTC I think looks good but like cherry pick your bag
right and chart it against Bitcoin they look really really solid here guys they do they look
like they look so good so I'm really hoping that Bitcoin can just smash like 115 120 soon
um let's just get this show on the road I actually think 4k is on the table for ETH this month
um I think we'll
probably pause a little bit before that but i don't really see why we stop here man i think
that eth looks like the fractal i know people have probably seen this floating around x
but there's a fractal of eth in this current range that it's in looking exactly like bitcoin did
range that it's in looking exactly like Bitcoin did right when the Bitcoin ETF got approved.
I can't remember the exact date, but like identical fractal. So I'm hoping that, you know,
what we're seeing with all these kind of ETH treasury companies, which we'll see how that
ends. I don't really care in the long term, but I think they're just going to
try it. We're going to see people try to run back the Bitcoin treasury playbook with ETH.
And, you know, the narrative around ETH is really picking up with, you know, all the stablecoin
adoption. And the truth too, is it's like the stablecoin market is going to grow to well over
like a trillion or 2 trillion in the next few years. I feel like ETH market cap is not supportive of the stable coin market cap built on Ethereum.
Like a lot of these stable coin issuers and banks, if they want to actually solidify the
dollar's position as world reserve currency and really just like disable the competition
completely, they're going to become forced buyers of eth in order to support the stable
coin rails so um i also think there's just like a perfect bullish catalyst fundamentally that's
going to just send eth a lot higher man it truly still is so undervalued if the stable coin narrative
is here to stay which i think it is but anyways i'm gonna be done waffling i'll probably go back
to the audience but thanks for having me up, guys.
I'm happy I got to waffle for a bit with you guys.
Yeah, Max, before you leave, because I know you love Pepe BTC,
pull up the monthly chart and look for the higher highs and higher lows since 2017.
I don't think I've ever seen any altcoin, or at least recently,
that on a yearly chart looks bullish versus Bitcoin as Pepe BTC.
Pull up Pepe BTC on the chart.
No, I've seen it. You're 100% right.
And here's the thing about Pepe that makes it such a unicorn is that it's basic.
It's in a group of maybe a half dozen large cap tickers that are still over a billion that have actually performed better than
just holding spot Bitcoin this entire cycle. Man, Bitcoin dominance has been literally stairs up
for like two and a half, three years now. Okay. So do you know how hard it is to outperform Bitcoin,
which is like one of the best performing assets in the world since inception. And this cycle, Pepe, through horrible, horrible corrections,
has maintained its high timeframe market structure
and has actually been a better hold than Bitcoin.
There's like five to maybe, maybe 10, maybe I'm missing some,
five or maybe 10 coins in the entire crypto asset class
that have been able to do that.
I would be surprised if it
was even 10, but Pepe looks absolutely fantastic, which by the way, don't even get me started.
Cause then I'll never stop talking. Do you know the implications of that for something like Andy
and Wolf and Brett? I mean, the boys club narrative, like it is truly going to, it is
going to show everybody why I've been just so neurotic on the timeline for the past 15 months, yapping about it every single day.
The boys' club narrative was born in basically March of last year
after Pepe pulled a 10X.
I posted a tweet about that just recently.
Andy and Wolf specifically, because they're newer than something like Brett,
and Wolf specifically, because they're newer than something like Brett. They came about and were
born after Pepe went up 10x in Q1 of last year. They've accomplished everything that they have
during suboptimal conditions, right? So it's like, there's going to be this trickle-down effect with
these narratives. And again, I'm just talking about my own because I'm, you know, I'm really
committed to this narrative and this play of the cycle.
And I'm sure some of you guys have seen my posts. It's like Pepe's most likely going to 50 billion this year.
I would even dare to say even in like Q3, Q4, like we'll see how crazy things get.
It'll see what Bitcoin does.
But you are right.
Like the Pepe Bitcoin monthly chart.
I mean, it's it's an anomaly, man. It's a complete unicorn.
It's really, really. I mean, during Bitcoin dominance going straight up for two and a half years, you know how hard it is to outperform Bitcoin like that is no small feat.
So I think especially given that like Pepe at its core is Ethereum beta and ETH has been the biggest steaming pile of dog poop the entire cycle
and i think that's about to change pepe accomplished everything that it did during
really piss poor conditions for eth imagine if eth finally rips to like 8k you can you imagine
what's going to happen to pepe you know doge and shib last cycle went to 50 billion market cap
okay 50 billion ain't what it was four years ago, guys. Okay. A lot
has changed since then. 50 billion might be too low in terms of market cap targets for a blue
chip meme like Pepe that has held market structure against Bitcoin while Bitcoin dominance has been
vertical for two and a half years. So I'm really excited here, guys. I am. I'm really excited.
Check that ETH BTC over DXY chart I just shared.
I actually reckon ETH pulls potentially over 100% this quarter.
I can see it, bro.
I can see it.
If you look at that from the 2017 run,
it's literally the same playbook happening right now.
DXY going below 100.
And mind you, we had a monster of a DXY
for the last three years since the COVID cycle.
You're finally losing that.
Global liquidity up and to the right.
This thing has so many macro headwinds, DXY,
for it to actually continue going even lower.
I just don't see how this doesn't play out.
Literally, the moment you crossed 100 on
the dxy if btc bottomed like the next week and now you're waiting for a breakout where you look
stronger than btc and you're probably headed to 150k plus btc i think this chart and donnie
everyone and everyone keeps telling me that this cycle is materially different than previous ones
but when i look at bitcoin fractals from like
bear market low to where we're at and then i look at dxy it's like it almost seems like
like a simulation the the best argument out there for simulation theory is bitcoin literally and i
don't believe in simulation theory by the way but that's not the point right it really is kind of
on track perfectly with what we've seen historically yeah Yeah, I would say it's funny because when people say this time it's different,
I actually do believe it's different in a positive way, right?
I still have the argument that people have been conditioned to be
for this imminent minus 80, minus 70% drop on Bitcoin,
whereas the actual adoption that you're
gaining on btc now with kind of an immaculate bid that can flow into the space you're probably not
going to see that unless we go to some extreme high prices to where it's actually warranted to
go minus 70 which will still be higher than the prices that are uh today so i don't know because
you're seeing it on the timeline like honestly, honestly, if you look around, if you could actually like quantify it, more people are predicting a drop or this typical bear market that we get a minus 70%, minus 80% nuke followed by like, you know, one year downtrend to where nobody is actually prepared for this thing to price out pretty much all of civilization.
pretty much all of civilization, right?
If the whole financial system
is starting to pivot to neutral assets
to protect themselves against this endless debasement
that's clearly going to continue,
wouldn't it be the most painful scenario
for this to escape to the upside?
Just like the housing market,
outpaced wage growth over time to a disgusting amount.
Now people can't afford houses.
It's the same with us.
In fact, it's even worse.
So that might be on it.
You said ETH, BTC, DXY?
Yeah.
I'm going to pull you up even more
because you heard my argument,
but maybe Max didn't,
and I hope he's still there
in the bucket downstairs.
It's the first time...
How can I say it without getting excited?
It's the first time in 17 years 6150 days
when euro which holds the biggest weight from the dxy basket 58 percent roughly breaks out
against the dollar 17 freaking years of a downtrend yeah Since the 2008 bottom pretty much.
We've had one other channel like this on the
DXY. I think let me
just go all the way back real quick.
Which started in
1991
all the way up to the dotcom bubble
where the dollar actually topped and
you had a channel not as clean as the one
we've got now but it's a similar sort of channel that broke to the downside and the dollar actually topped. And you had a channel, not as clean as the one we've got now, but it's a similar sort of channel
that broke to the downside
and the dollar went into a structural bear market
all the way until 2014.
And that's where gold actually surged
from the dot-com bubble high
all the way through for like,
how many years is that?
I think like almost,
let me actually pull up gold real quick.
And the gold ETF actually launched during that.
Whoops.
Sorry, my chart's cooked.
The gold ETF launched in like 2003 or something,
but the gold bottom was in like 2000, let's say.
And gold went crazy over that period
where the dollar was nuking.
Now we have like a similar sort of thing,
potentially if DXY
breaks to the downside and we've got this narrative around neutral hard money essentially,
Bitcoin and gold in this environment with a Bitcoin ETF. So it's literally rhyming the exact
same as that moment in time if the structural downtrend on the dollar actually plays out.
And the top of the dollar for this cycle was at the COVID high of 115.
You see, I already made a thread in which I don't see anybody on X calling for a dollar
bear market.
I know it might sound crazy, but for me, this is the beginning of a dollar bear market.
And if we drop under 95 on monthly and continue lower under 95 for me is
the confirmation that we start a multi-year bear market for the dollar
was i was i speaking just then or you were speaking yeah you were speaking before i i just
added on top of what you said sorry i think i think I lagged out a little bit. But yeah, I agree with you, Spread.
You lose 90, and that's a very big structure shift.
You can't deny.
It's not a deviation.
It's none of that.
You've lost structure to the downside,
and there's something bigger going on there.
Ladies and gentlemen, I present to you another amazing chart.
If you guys can go up and check the nest, open up the spaces tab and check the nest.
The chart that I described to you guys at the start of the space in regards to soul USD is now up on the nest.
Placed soul USD on top of the RSI divergence indicator.
And this for soul has meant life or death we are now printing
for the first time since 2023 early 2023 bullish divergences on the rsi on the weekly at that and it is curling up so we have had over the last two years soul usd and anytime that it
rallies against bitcoin we have huge narratives that start on chain if you guys check the nest
above you'll see little arrows that i point during any time on the weekly where soul goes crazy
that I point during any time on the weekly where Seoul goes crazy.
First pump, right, where Seoul rallied from 200 to 200 to 100.
Memes and all that stuff went crazy.
Then it rallied from 75 to 190.
Everything in its mother pump.
So you guys remember Q1 of last year.
And then its latest rally from 100 to 300.
AI went nuts.
And even BoomerCoin started to go crazy.
So SolUSD is printing some RSI divergence bullishly,
and that could indicate that Sol is actually probably going to pull off
an even crazier move than it did from Q4 of last year,
where instead of it going up 3x it probably goes
4x and goes to 400 or something crazy like that so feel free to check that out guys took me some
time to make and of course i have my avatar uh that says solana summer print more bills solana
summer and uh i'm right next to uh izuku midoriya from one of the greatest anime shows ever created
called my hero academia chad gpt does an incredible job at uh creating images by the way but feel free
to check out that chart guys so not only do we have eth btc putting in a rally not only do we
have the iwm v reversing back to its local highs from q4 of last year not only do we have the IWM V reversing back to its local highs from Q4 of last year,
not only do we have low-cap stocks turning into mega-cap stocks like HUD going from $8 to almost $100,
and not only do we also have NVIDIA going into price discovery,
we now also have the most bullish indicator that an asset could have which for outperformance against majors by
the way which is um the weekly rsi divergence turning bullishly and it's only printed bullish
one time and that was in early 2023 you guys are gonna have to cut me some slack by the way once
you check out the chart i've only started making these charts on trading view over the last couple of days and uh i hope uh i can become a legendary chartist like donnie and
max and uh and mr spread over here but uh feel free to check out that chart donnie and spread
what do you guys uh what do you guys think about it it's kind of painting some similar structure that we saw back in the summertime.
We had a little V-reversal and then a pullback, which, of course, we've pulled back after the V-reversal.
And right after that pullback, Sol essentially went parabolically straight to $300.
And we're now seeing new narratives as well across the board with stable coins internet capital
markets we now also have bonk guy being the new main character we haven't had a main character
on soul since ansem and i mean during that time frame soul basically 10x and we're seeing things
like useless cross 300 mil and a plethora of other tokens about across 100 and i think the setup is here for soul to
take stage after being in the shadows um for over six months especially with things like hype coming
into the into the woodwork and all those things i'd love to get some of your thoughts guys
real quick actually um side note donnie you've bulled me up so much during this that i'm gonna
buy some base fart corn right now and i'm willing to be your exit liquidity even if it's just a
little bit to to get in here send me real quick just go ahead and send me the contract address
and a dm and i'll make a buy right now. Let's go, brother.
I think it goes way higher, man.
I don't see how, for example,
if I'm thinking ETH is going to do
potentially 100% this quarter,
then I don't see how something like this doesn't
10x minimum. You gave me a half job
when you said ETH is going to do 100% this quarter.
I was like, oh god, stop.
I need that.
Yeah, that's what I think, man. btc is going to go to around 150 or
i think 138 to 182 that's around like 40 to i don't know 60 or maybe yeah something around there
i think eth outpaces btc by a factor of two based on the eth btc chart which would mean
somewhere around 100 so we'll see it could be short of that. It could be 75%, but even still, that's massive.
That's huge. And that won't be the cycle top.
So essentially what that means is these prices across the board will be gone.
So at least your entry is probably going to be safe.
But yeah.
um wabi your uh chart the sole one
Wabi, your chart, the sole one.
is this the one where you've drawn the rsi or whatever with yep yep and and and i do want
to put some context um when bitcoin had bottomed at 24k it also printed uh bullish divergences
on the weekly and bro that's not that's not a bullish divergence bro i i drew that
bullish divergence johnny i drew that i drew that little shut up donnie shut up oh my god you're
actually a fucking goat bro if it's if he says if he says it's a bullish divergence it's a fucking
bullish divergence okay that's a fucking bullish divergence. Stop it. Okay.
That's a fucking bullish divergence right there, bro.
Honestly, it's fucking bullish, bro.
Hey, bro, come on.
That is a higher low that has been printed.
And even though TradingView drew like three bear signals, I can't help to compare it to that little bull sign that happened in early 23.
You have a clear higher low right and you have a clear chart pattern on soul usd on the weekly which looks almost one-to-one relative to
the pullback that we had in q3 where soul went to kingdom come at 110 when the yen was going to zero
or something like that it has similar chart patterns to SolUSD,
and the RSI divergence indicator is printing a higher low,
and it's curling to the upside.
And I drew my little line, right?
Just like TradingView drew its little line as well.
So, and there I am with Izuku Midoriya from My Hero.
Have you seen My hero academia mr spread
no this one i missed but i have to tell you something listen well hold on hang on hang on
he's okay he's basically like naruto right and naruto thrives on the power of friendship
so you have to ask yourself do you believe in the power of friendship? And Izuku Midoriya's catchphrase is, this is how I became the world's greatest hero.
And so far this cycle, Seoul has been a hero.
It has been a champion.
nice hoorah rally where it actually breaks into price discovery by a nominal amount of more than
25% instead of 10 to 15. Just to add some context, man, you have to believe in the power of friendship.
Believe in the lines. Believe in the pictures and squiggles, brother.
What are you saying, Mr. Spread?
Yeah, I've been using TradingView for so much time and I've been like a user,
trading user for so much time that whenever I've been like a trading user for so much time
that whenever I have a problem with the charts, everything,
I have like a dedicated agent.
So if you say that that's a bullish divergence,
I'm going to speak with my guy,
and I'm going to tell him this is a bullish divergence.
Exactly.
Donnie, what were you saying?
You were saying, wow, Wavi, what a great chart.
Dude, this is insane.
Everyone should go ahead and open up the Spaces tab.
And then once you guys open the Spaces tab right above our profile pictures, you'll see an amazing chart done by King Wabi.
Go ahead and do that and interact.
Look at that.
Raid, raid, raid, raid.
We need everyone to smash up the like button on this post.
It's the greatest sole USD chart ever created, maybe ever.
And believe me, I know what greatness is.
Wabi is a king marketer.
That is so funny, man.
But I've been saying, bro, this is what I've been saying, man.
If you're seeing any distributions on the chart, they're bullish right now.
There's too much of a bullish bias.
It's literally psyoping traders to think,
I should enter a short here.
They're just going to get blown up.
Once this big move happens, it's all out the window.
All of those range traders and all these dudes,
they're going to be forgotten, bro.
People only care about what's the ticker.
Can this 100x?
Sweet, I'm in.
Boom. And that's where me and
wabi coming but yeah for soul like bro i wouldn't even look at the chart just like if btc gets this
breakout if btc is gonna flip and subsequently the whole market's gonna go up including soul
it'll just happen all at once
exactly is that some clean bullish propaganda is that some
clean bullish propaganda the chart up on the nest Donnie is it it's mainly the
bullish divergence that's giving it a lot of let's go dude let's go man yeah
this this trading view thing man I'm gonna have to call customer service and
have this chart that i published be the front page it's worthy of being on the front page don't you
think guys definitely don't you guys think i you know what i was missing dude i was i think the
only thing that can the only thing that can make it better is if you pointed uh you know how you've pointed those arrows and write in
big blue text bullish divergence and circle it so everyone knows
thank you man thank you i'm gonna use that now i'm gonna use that i have to and that'll go viral
with hate comments and then you know let's that's how you do it bro let's your rage
beta bro that that's what i that's what i'm talking to hey man look i think about it like
this if bears like that finance lance a lot whatever his name is he's some trad fi boomer
that like during every pullback he pulls out 1929 fractals um then bulls can do the same thing right like we have to start doing our elliot waves to
like 600k btc all that stuff our our fractals with eth going to 25k there are some people that
legitimately think eth is going to 25k i think it's going 7.5 to 22.5 donnie if it goes to twenty two point five bro i i really
wouldn't know what to do like i i just wouldn't i'd have to like take a break for two months or
something like that go on a church camp retreat and you know yeah it's a big range ridiculous dude
i'm i'm definitely square a bit square in the 7500 7000 to
8000 range really for uh probably my discord i've been saying that for about you know six months now
yeah 7.5 to 22.5 you you are insane but i'll take it let's see it's a price range it doesn't mean
it'll go to the upper boundary but it's there but you'd probably see 400k plus btc
insane brother insane yeah it just depends man like again this the structural weakness in the
dollar there's a lot of signal there plus everything else which again will take too
long to explain but if the cycle is as elongated as I think it could be,
then man, those price targets really do open up.
For real.
This is kind of like this cycle and the next one
are kind of the last two cycles before AI gets super crazy
and out of hand where, yeah, I just think a lot's going to happen
between now and like 2033-ish, starting from now.
You can see the speed at essentially the administration
of the United States is moving at.
It's for a reason, right?
There's a lot of things that do need to be patched up.
And one of the answers to everything being patched up,
like a declining, essentially a declining population is speeding up AI and robotics.
So they're on a mission. And that mission requires a ton of stimulus. You're seeing the plans
unfolding now. And a ton of stimulus, you know, is just going to make asset prices go extremely high. So I don't know.
There's no impending doom in my view, at the moment at least,
until things get way overheated.
That's what I'm talking about, man.
Donnie Spread Afro, is there anything else that you guys want to mention before I wrap up here?
We've been going for about an hour and a half.
We got some hype.
We got some constructive alpha for the audience and for the listeners that listen to the replay we had some
great moments some laughs and uh i think this was a pretty good stream guys so if you want to say
anything else before i wrap up feel free to feel free to do so guys i just want to add this please listen to monday's stream it was monday most likely and
see what happened after and after that listen to today's stream to understand that is not about
prediction it's just about common sense and putting the pieces of the puzzle together that's it
that's what i'm talking about guys that's what I'm talking about guys
that's what I'm talking about
great show gents
thank you Donnie
thank you Duck
thank you Mr. Spread
shout out to Max as well
thank you for coming up on the space
it was a great time having him up here
ladies and gentlemen
if you enjoyed today's stream
over the last hour and a half
and this is your first time tuning in, we are BecauseBitcoin.
We're an online financial media company that produces multiple live streams throughout the day and throughout the week.
And we have styles for you all, depending on what kind of content you listen to.
For those that enjoy all things technical analysis with charts and graphs and stuff like that, we have a morning show for you guys hosted Monday through Friday.
Start time is between 11 a.m. EST to 11.15, 11.20 a.m. EST.
The show is called Market Check.
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Give me one second, guys.
I'm going to drink some water before I give my closing statement.
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Of course, the show starts between 4.20 p.m. EST to 4.45 p.m. EST, where I'm joined usually by the same set of speakers, where we talk all things price action, narratives, dubious speculation, and all that good stuff.
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We're always trying to do our best to curate these wild markets in the most digestible fashion.
So shout out to all of you guys that are always interacting and show up on these spaces and
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it's hosted by us here at because bitcoin our web dev ed has worked really hard on this
over the last 18 months and we also have dgen which is free by the way so if you guys enjoy
using apps like deck screener feel free to check out degen when you guys pull up the degen section
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So feel free to check that out, guys.
And, of course, if you want a deeper package with more of our custom indicators, we have packages for beginners, intermediates, and advanced.
And we're also offering some discounts.
Feel free to send us a message if you want access codes to any of our discounts for the first month or any questions regarding BB Terminal.
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We have a lot of more exciting updates coming for you guys as far as that goes.
You'll be able to search up tickers across every single chain in crypto using the degen section on bb terminal and guys i just want
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um awesome plays like base for coin and circle so feel free to check out donny's stuff as well
one of the only paid services that uh i can vouch for so man i just want to say uh donny thank you
so much for coming to these shows bro you've definitely added some core value to these shows
just want to throw you your flowers give you your flowers and all that stuff.
And I want to give a shout out to all of you people that listen to these spaces day in and day out.
Whether we're bullish, whether we're bearish,
whether we're neutral and just chopping around,
all kinds of market conditions.
I want to thank you all so much.
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That's it for me.
Feel free to check out The Nest for all things BB Terminal and some of our posts.
Feel free to engage in all that stuff.
And shout out to my Lord and Savior, Jesus Christ, for allowing me another day of health to rant and banter about markets with every single one of you.
So we'll see you all tomorrow bright and early on YouTube.
And until the next time guys
take care be safe and uh i'm just grateful so that's uh it for me now i'm gonna go ahead and
play some music for the outro as i always do i hope you guys um have enjoyed these outros. I really do.
I really do.
But anyways, peace out, guys.
Take care.
Thank you. I Thank you. I'm going to go. I'm going to go. I'm going to go. I'm going to go. I'm going to go.
I'm going to go.
I'm going to go.
I'm going to go.
I'm going to go.
I'm going to go.
I'm going to go.
I'm going to go.
I'm going to go.
I'm going to go.
I'm going to go.
I'm going to go.
I'm going to go.
I'm going to go.
I'm going to go.
I'm going to go.
I'm going to go.
I'm going to go.
I'm going to go.
I'm going to go.
I'm going to go. I'm going to go. I'm going to go. I'm going to go. I'm going to go. I'm going to go. I'm going to go. I'm going to go. I'm going to go. I'm going to go. I'm going to go. I'm going to go. I'm going to go. I'm going to go. I'm going to go. I'm going to go. I'm going to go. I'm going to go. I'm going to go. I'm going to go. I'm going to go. I'm going to go. I'm going to go. I'm going to go. I'm going to go. I'm going to go. I'm going to go. I'm going to go. I'm going to go. I'm going to go. Oh Thank you.
