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Market Talk- MASSIVE MOVE INCOMING?! BIG WEEK NEXT WEEK? WHATS NEXT?!
Recorded: April 2, 2026 Duration: 1:25:22Space Recording
Full Transcription
Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. I'm going to go. so
Hey. break your back
is I am your mother with you. The rock is out of the ground.
The house is pretty good.
I am your mother with you. music Oh
You can't read you Oh so
yeah Thank you. music Thank you. Wow Oh I will park your practice! Here you go! Dice is up!
On a green plane!
Dice on the skies!
At this time, I will park your practice! Guys! Hold on! Guys! At least the rock is out!
You're on your own!
Down the wall!
Down the wall!
Down the wall!
Push to the heavy sky!
Hey!
Let's go!
Oh! Oh! Oh! Oh! Oh! I'm here. What's up, guys?
Happy Thursday and happy Easter, man.
Happy Good Friday.
I'm going to say that in advance as we're not going to be going live
tomorrow. But what a way to end the week in the equity markets, man. Oil is just gapping up.
It is now close to trading towards that high that it hit on hyperliquid. I think on hyperliquid,
we've been saying on the show, brewed cramp brewed whatever it is you want cl
is uh probably going to trade along those prices between 120 and 130 which is where it hit on
hyper liquid i think it was like a few weeks back and uh here we go it's now trading uh at over 110
so might be uh might be a good shorting opportunity incoming man i tell you what
uh because there is nothing going on in the market outside uh of oil coming into this close
and i mean the only thing that's showing any signs of life are things um like sandisk
data centers are having an okay day mar Mara, Nibius, all up like 5 plus percent.
Iron's kind of doing nothing now.
Nibius as well also having a good day.
But S&P, Q's, S&P is just still kind of flat.
We did not close above yesterday's high.
But I mean, this whole Trump situation with the war and all that stuff, it didn't really seem like crypto enjoyed that.
You have all majors pulling back.
Solana is back at range lows.
You could see a retest of 67 on soul perhaps even a breakdown um but i think that's all that's all dependent on what happens over this long weekend usually
over a long weekend coming into the monday of the following week there does tend to be some sort of
blowout to the upside of the downside.
I do feel like shorts are about to get cocky for some of these altcoins, though.
Same thing with the equity markets.
Usually, oil starting to have a parabolic top is usually signal that some sort of gamma
squeeze is coming into the equity market.
We saw that during oil's last parabolic rise, which was almost four years ago, man.
It's so crazy to think about.
And there's a saying that I've yapped about here on the show, right,
gaffed about here on the show, right, where history doesn't repeat itself, but it often rhymes.
where history doesn't repeat itself, but it often rhymes.
And again, if you just look at the trend that oil had for the first half of 2022, it's almost
identical. It is almost identical. Going into late Q1 of 2022, oil had its first big top,
to late q1 of 2022 oil had its first big top pulls back for a few weeks and then has its final
omega parabolic top in june of 2022 and uh we all know what happened after that right you had a huge
gamma squeeze on the spx where it ripped from sub 3700 all the way to just under 4,300. Not that far off that all-time high that it hit in 2021.
And I'm not saying something similar has to happen, but if you're just a technician,
if you're just a chartist, then you can just put two and two together, right? I do still think the
meat of the move for oil has already been done. If you caught this thing from $60, $65 when some people were mentioning it,
or even myself when I was mentioning it at $70, that was a pretty substantial move.
And unless oil gaps up to $150, I think the meat of the move was already done.
Or $160, $170 if anyone caught it from like 60 bucks, sub 60 bucks,
when Prometheus was talking about it.
And if oil actually does shoot up to 150, 160,
I think we have a bigger problem than just yapping about markets, man.
But those range highs on, those macro range highs on oil
are probably going to be taken out. And at that point, I mean, I just do not believe this thing where it's going to have this insane run to 200 bucks and have a run like like a silver. And I'm happy to be wrong on that, man. I really am. I just
would rather side towards optimism. But again, if this war actually does break out and there are
boots on the ground, then all hands are off the table and this thing is probably going to go on some silver type of run.
Those are my thoughts on that, man.
There's just no signs of breadth in the market.
It's kind of just the same old, same old IWM closing at almost 1%, and everything else is just kind of meek it's like a roller coaster right so i don't really
have much to say on the markets outside of that man there's really nothing going on chain at all
um there's practically nothing going on in crypto. I think we actually need a breakout.
We need a breakout of 74, 75 to have any sort of breadth in the market.
And you would need the S&P to retest all-time highs at that point.
It doesn't have to, but you typically need some sort of signal from the equity market.
need some sort of signal from the equity market. Unless we're just going to replicate, as I've been
saying, the second half of 2023, where you saw the S&P and the NASDAQ draw down by like, I think it
was 12 to 15, 16%, something like that. And crypto didn't really do much, and it was actually crypto that led the equities breakout.
BTC broke out of $32K just as the NASDAQ was bottoming out.
So perhaps that's something that could happen, right?
Yesterday on the show, I was entertaining that the next Trump taco would honestly be led by crypto.
We didn't see that this week when Trump had a mini taco on Tuesday. And you actually had the NASDAQ go up more than BTC. And I think that is going to change.
And again, the volatility that I think we're seeing in the equity markets is probably going
to come back to crypto at some point. You just need oil to resolve and hit those levels that it hit on hyperliquid.
And I think it's done, man.
And if I'm wrong, then fuck.
We have a lot more things to worry about because that would include CPI increasing by a great deal, honestly.
CPI increasing by a great deal, honestly.
And that would just drag out this downturn that we've been seeing on equities just a bit more.
But at least there's going to be some action to trade on Hyperliquid.
Probably on Saturday, Sunday, people go on Hyperliquid, speculate on equity, speculate on oil, which I think
is probably going to happen this week.
Probably another gap up.
I would not doubt that a single bit.
But first days of Q2 and you see oil ripping out of the gate, geez, man.
I think we're going to have to wait for next week.
I do think next week is actually going to be a big week for volatility, especially with oil acting the way it is.
And we saw oil kind of relax in the 90s range.
in the 90s range and we saw that um we saw that little appreciation from uh from the s p a nice
uh 200 point gap up um crypto kind of just dead in the water in this strange little range
but strange little range that's funny man. But we did see a nice little move that we did with Bitcoin over the last week from 65 to 68.
Oh, boy.
We're going to need more than Saylor.
I really think that weird STRC post that Saylor put out was just like the most cringe thing that I've ever seen in my entire life, man.
This asset really needs more than just Saylor posting these cringe AI memes.
But for now, volatility still remains in the equity markets, man, unless people are playing crypto options,
which I do think options are going to be a big thing for crypto this upcoming cycle or this
cycle. I do think what perps were last cycle with Hyperliquid, I seriously think options
are going to expand in crypto. And I know you could play options on MSTR, BMNR,
IBIT, right, things like that. But as far as a crypto native platform outside of Darabit,
the market is extremely small. It's extremely small. And I don't think that's going to be the case. I think over the next, like, two to five years, you are going to have that options proxy just as you have a perps proxy with Hyperliquid.
So those are kind of my thoughts, guys.
Today's show is going to be just a little bit shorter.
I do have another church event to go to. And man, I'm just grateful to be here
with you all. Thank you all so much for joining us here on Market Talk brought to you by BB. This
is Wabi as always. And before I officially get started and pass it over to Evan, and we're
probably going to see some of our usual usual speakers come on up you guys can go
ahead show some love to the stream show some love to the show best way to do that guys is by clicking
the spaces tab once you guys do that you'll see that nice link above our profile pictures that
says x.com slash i slash spaces you guys can go ahead hit up the like button retweet button all that good stuff
would be much appreciated helps bring more people onto the show brings more awareness of the brand
and all that stuff and whether it's bull market bear market crab market uh we show up whenever the
stock exchange is open and we like to provide good content for you guys whether it's entertainment
whether it's uh alpha with with actual with actual actionable trades right um that's something that
i do strive to do on this show is actually give direct um actionable stuff instead of thinking
could go up could could go down.
I find that really stupid, honestly, and I find that repetitive content.
But anyways, man, oil is like the thing to watch out for now.
And perhaps Sandisk makes it towards new highs.
towards new highs.
I think the one thing that I'm just kind of pissed off at myself
is going into this trade on Solaris, man.
I hate going into stuff that I have to wait for.
I know that sounds kind of dumb, but I'm seeing other things rip.
And fuck, I think i should have just um
used that position on solaris for something else man um but anyways evan what's going on man
i think over the last two weeks bro i think my I think my regret was not using this position that I took off of Sandisk.
Like right around these levels and just re-bought when it retested range lows instead of just going into Solaris.
And even though it's a 10% drawdown, dude, like it's differently in in the equity markets man compared to crypto
because these stocks sometimes can move like like fucking snails but um and i'm wondering dude like
shouldn't this thing be moving with oil so um i just need more patience man man. I think that's like the crypto bro side of me, man.
Like I'm so used to incredible volatility and things actually moving once I'm in a position.
And then it's like, you know, I'm in here for over a week now.
And it's like, all right, just go back to range highs and have that breakout man
uh but anyways dude how are you then what do you think of this uh of this if this of this
why the fuck am i stuttering man i'm sorry evan god i need to speak a little bit slower, but dude, this price action on oil, it is a beauty.
It's crazy how a platform like Hyperliquid that is barely two years, three years old foretold where this thing was going to go.
where this thing was going to go.
And, you know, my question is, is this going to be a good put
once it starts trading above those levels or near those levels
is kind of what I'm wondering, man.
Because there will be a sell-off at some point.
And, I mean, if you just open the oil chart over the last 12 years anytime it starts going towards
120 110 that's where it kind of starts to to peak out man that's why i'm like all right
if history is any indication something's about to go down here
yeah man i mean freaking oil yeah i mean i sold some of my or
half of my xle yesterday i think um around maybe a little bit above where it is right now which is
like 60 sold half i'm like waiting probably for some more momentum changes to occur potentially
in the next week two weeks um to sell the second half and, you know,
potentially convert that into, you know, Bitcoin probably,
you know, that's basically the plan.
I mean, there's not, I mean, unless something like
looks a lot more attractive to me,
that pops up within the next two weeks, highly unlikely.
I think Bitcoin for the long term is probably that best play.
I mean, oil itself, I mean, yeah, you got the trend line.
It's tough to say, man. I mean, I don't know. It's not like it's tougher to trade like oil
itself than it is to trade XLE because you're looking at, you know, very profitable companies
and all that shit. But oil itself is a little bit tougher. I mean, we jumped up, obviously, because of the Trump thing, 112 rat on U.S. oil.
I mean, 118 was the previous high.
I mean, you could make two arguments here.
You could make one argument.
We didn't even get up to where we were during the Biden administration.
That was around 128.
So, I mean, it wouldn't surprise me if you keep going.
I mean, a lot of people have been talking about shorting oil the past few weeks.
They probably have their shorts around their ankles right now.
I hope they're doing okay, you know.
So, yeah, I mean, it doesn't look that bad for oil.
I would say, you know, if you go by the betting odds, probably another month to two months is when this shit in Iran all ends.
So, you know, that's what I would look at.
I wouldn't really do anything with oil.
I mean, if you're way ahead on oil, I would take at least some profits.
If you're trying to short oil, I mean, you do you.
But, I mean, it's not the most attractive thing to short at the moment, not yet.
You mentioned Solaris.
I mean, I'm not really too, you know, there's certain things.
I've learned a lot of, you know, appreciate some of the stuff you mentioned, Wabi,
because, you know, sometimes it's hard for me to follow all this stuff um solaris right now i mean
i think i said it looks more attractive than um what's that other one iron maybe um there's a lot
of these but yeah i mean it's up a lot i mean the monthly does look a little sketchy some of the
high time frames look like you could keep going i mean mean, you got a bull back. I don't, it wouldn't surprise me if you
jump up to 80 bucks or something. It's a volatile puppy
obviously. I mean
Bitcoin right now, you know, the
bread and butter of all this Bitcoin.
I mean,
it reacted negatively, obviously, to
Trump, you know, trying to be a tough guy to a
certain extent, but I think it's just
a little bit, like he knows he probably has
a month or two where he can negotiate and try to get better terms but i think after a month or two he's just gonna fold
and that's what the betting odds would tell you so i mean we dropped down we hit a major major
freaking point you know i think the the breakout trading is not you know it has a time and a place
i think this is one of the places where it would make more sense because that area that we bounced off of like 65.9 you know right under 66k like if you lose that that's very bearish if
you could hold that then you're still in the crab market structure so i think that's the you know
the ultimate thing if you lose that i mean sure it's impossible to bounce off of the low 60s and all that, but it does make things look a lot
more bearish. So yeah, I mean, the thing too, though, is like, it's just, I would remain
crabbish until proven otherwise, because I just think you're very range bound. The people that
sold have won, the people that were going to sell have have sold um the people that were are going to
hold are holding you know they got a lot of patience it's going to be tough to really move
this market significantly i don't think i mean anything anything's possible but i could see
crabbish for a bit longer here especially in the two week on bitcoin i mean that's a crabbish
time frame right now like your vwop's coming up you know it's crossing the zero line if you guys
are familiar with ta you know it hasn't done that in oh my god a up, you know, it's crossing the zero line. If you guys are familiar with TA, you know, it hasn't done that in, oh my God, a long time.
You know, we're talking the last time it's done that is April, 2025.
So you're getting to that point.
Your money flow is coming down.
Your R size is still curved down.
It signifies sideways.
It's a signified crabbish.
During this jump up, though, ETH has outperformed Bitcoin.
So this is good.
I mean, we're seeing a lot of ETH is even outperforming BMNR, which is kind of, it doesn't really make sense.
You really want BMNR to outperform ETH right now.
So there's some concerns on that chart.
I mean, I would get the hell out of BMNR if it makes a lower low against Bitcoin.
I'll tolerate a lower low against Ethereum for now.
However, I shouldn't really be tolerating that. It did get a jump, though, which is okay, but it did make a lower low against ethereum for now however i shouldn't really be tolerating that
it did get a jump though which is okay but it did make a lower low so we got to keep our eyes on
that i like the jump but it took buyers um some time to kind of react to that but they reacted in
the right way which is good um i mean the reason i talk about shit like bmr microstrategy like it's
just the most beat up of the most beat up of treasury companies right now
and there's potential that's your potential for an eight to ten x or more you know things like iron
things like solaris like they'll probably go up but i mean you might get no i mean your 10x has
already been gotten the people that you know the people that um you that you were chilling or not
chilling i should say you know promoting let's say iron before it got its 8x, 800% or whatever, you know,
they were wrong about stuff before that.
They got it right.
Nobody's going to be, nobody's going to bat a thousand.
And the longer you're in this game, you realize that a lot of people try to
cherry pick their rights.
And then when they're trying to hate on somebody, they cherry pick the time
the guy was wrong two years ago.
So, you know, you've got to keep that in mind, too.
It's just the way the game's played.
I'm not saying it's, like, right or wrong.
It's just observations I've made.
You know, I've been doing this a long time now.
I mean, other things that you could talk about.
Yeah, I wouldn't get overly bearish.
I mean, you know, there's one other thing.
In terms of, I mean, Wabi, I know you like to talk about hype.
Yeah, I mean, Bobby, I know you like to talk about hype. Yeah, I mean, there's it's pullback territory.
I don't see any major like reason to be scared just yet.
But when I look at that, I want to keep my eye on the daily, you know, that's kind of curving down with this.
So, yeah, and I also want to keep my eye on your kind of Bitcoin evaluation.
Nothing major to be afraid of just yet.
But your weekly could get a little wonky in a little bit. kind of Bitcoin evaluation. Nothing major to be afraid of just yet,
but your weekly could get a little wonky in a little bit.
I mean, generally, it does have deep corrections against Bitcoin.
It's always recovered, but we'll see what happens there.
We'll definitely have to see what happens there.
I would say all in all, like kind of slow in terms of, you know,
news and shit going on today. Not the most exciting day.
I mean, in terms of trades i'm
long right now on bitcoin i as long as like we can hold 66 i i would remain in a little bit more
of an optimistic route if you're somebody who likes to look at liquidity heat maps i do sometimes
you know for the uh for the hell of it i don't think it's the most helpful thing to be honest
because people change their minds every two seconds. And sometimes the masses do get it right, despite the views of the masses
that the masses always have to get it wrong. There's a lot of liquidity at like 72K, and a
lot of people would get railed if you do jump up to 72K. So, you know, for now, I would lean
slightly more bullish to 72K. So, yeah. Yeah, I think hype had token unlocks man um that's what tommy told me yesterday
and um i mean hopefully there's like some sort of pullback on hype
like sub 30 i think that would be i think that would be great. Maybe a retest of macro range lows on Hype. The market does not
owe me that, man. But if it does retest 26, 25, that would be tremendous, man.
God, that would be amazing. That would be absolutely beautiful, man, I tell you what.
But anyways, man, yeah, as far as oil, I think that's where oil is probably headed, man.
What if it does like what ETH did last year, right, where it a a macro double top right and most of its price action
for that cycle happens within uh happens within 60 to 90 days which is kind of what happened with
eth right eth had its move from early april and started peeking out going into going into august right where it hit right at 5k or just
below 5k actually um and if solaris does hit 80 dude i would be i would be pretty happy man i i
would be happy and i mean i i still think it outperforms bTC. It's just like, you know, over the last week,
I'm holding an asset that trades like BTC, which kind of sucks, man.
This thing is moving like a rock.
But Nibius has also had some good volatility, too.
It's probably like volatility baited a Sandisk.
Probably like volatility baited a sandisk.
And sandisk dude, that thing is, that thing is a monster man.
That thing is an absolute monster.
But yeah, this war thing is strange.
It went from being a military operation and now on like, we're on like what, Evan?
Like day 35 or something like that?
That sounds right.
Yeah.
I think it's up around there.
Yeah.
Yeah.
But I mean, if hype goes below 30 bucks, man, I think that's like a scalp long at least for myself.
Probably like a long between $25 to $30 or something like that.
I wish there were options for this stuff, man.
I really do.
I think that's like the one thing that would bring in so much liquidity to the space.
I think the last thing we need is another Bitcoin ETF or another ETH ETF or another sole ETF.
I think we have enough ETFs, man.
We need options, bro.
That's the next thing.
Options, options, options.
Josie, what's up, bro?
How are you doing, man?
Yo, what's up, Wally?
What's up, Evan?
How are you guys?
Fantastic, man.
It's the day before a long weekend and I'm going to enjoy that, man.
I am going to enjoy that.
I think it's going to be good to conserve energy over the next few days,
as I do think April is going to be a huge, volatile month, man.
I don't think we're going to be crabbing around for
that much longer. In the equity
markets, at least. In the equity markets.
If this
thing is going to puke, it's going to puke this month.
I mean, gun to my head,
probably like 6100 on the S&P.
And I think
we have a pretty key
moving average there, don't we we evan before the 200 weekly
on the s p i think 200 weekly right now is right below 5800 which is where we bottomed out um or
close to where we bottomed out in uh in late 2022 for for spx and by the time we get there uh i mean unless we just gap down as we did last year
um if the sell-off is more methodical s&p bottom is probably between 59 to 6100
um there's a lot of confluence around those areas am i right on that evan with with with these uh
the weekly 200 wabi that's way lower we haven't hit that since 2022.
yeah that's gonna be uh 518. go ahead 5700 yeah no 5700 there's something else what's that 56.
on 57 on 5700 there's a gap there's an unfilled gap that coincides with a with a key trend as well the the what's
significant though is you just made me realize the daily 200 daily 200 SMA on the on the spy
is at 660 about that could be a rejection that could be where we end up rejecting and rolling
over so yeah rejecting to the upside brother no the downside it's above below it
which is bearish that's bearish structure um i would say um i mean that's not a like that's not
a like major major major thing you went way below it in you know 2025 and then you went right back
so it doesn't really but it could it could be a place that you reject from definitely
you were saying ghosty
no sure there's a i mean i i'm i'm i'm watching level by level so 6100 hasn't still been tagged but if we tag there i mean the next level I'm watching on the SPX is 5,700
because there's a gap that hasn't been filled.
So that's a possibility.
We eventually, like, go down there potentially.
But I just want to give my takes on oil.
I have been watching, like, right now, if you guys take a look at the oil chart
from a weekly basis chart, and you see that 50 EMA is having a golden cross right now on the weekly, on the 50 and
the 200 EMAs.
And I don't know if you guys, Wabi Evan, are watching the OVX, the volatility of oil, because
we're basically retesting key support around 90.
And when we were back in 2020, the volatility of oil went all the way up to 350 or something
like that.
But at that time when the volatility went up, basically all price, as you guys know,
went almost close to zero to one whatever you know
but when volatility went up back in 2020 but this time around volatility when volatility has been
going up oil prices have been going up because if you take a look at the ovx chart we have been going up all the way, I think, from December 29, and that coincided
with the oil rally. So, like, this retest on the OVX signals to me, like, we have a possible,
like, bounce from this level, meaning, like, more upside potential for oil, for oil, which would even strengthen my neo-thesis of going up.
Did you cut off Ghostly or was that it?
No, that was it. That was it for now.
Oh, okay. Okay. Sorry.
If you're in the charts, Wabi, take a look at OVX.
Okay.
And you'll see the retest we're having on the volatility.
And like I said, like this time around volatility going up
um is moving oil price higher to but but it was contrary all the way back in 2020 volatility going
up in 2020 signaling signaled oil prices going down and i'm seeing a bullish cross right now as we speak on oil's price chart on the EMAs.
So what do you think the move is here, bro, for oil?
I'm not touching oil personally.
Like, I'm not long or short, but I think we're going to move higher.
Yeah, probably towards that price where it was trading at Hyperliquid,
which has really just been my signal over the last few weeks.
It took some time for oil to break out of 100, and now we're seeing that.
So perhaps there's a short, because as quickly as these things gap up after the breakout, they break down.
I think the only thing that oil shorts
would have to worry about again if you place it would size right the sizing is
important would be if this thing starts acting like silver hands it just squeezes
the hell out of anyone that tries to short this thing and eventually when the
correction comes it's it's it's insane it it it it's um trades like
like a like a shit coin right like an alt coin or like um like a growth beta stock which
oil really hasn't done that honestly um i don't i don't really think so. This price action for oil is actually quite common whenever there's a war escalation or any of that stuff.
And usually after these local tops or big tops on oil, you have some sort of relief on equities and ending crypto, which is what I'm looking for, man.
I'll just end it off with this.
I think probably the best thing to do is just mute.
Man, I am terrified over how big the mosquitoes can be here in Florida.
It really is something else.
If anyone's been in Florida, you'll know exactly what I'm talking about.
The mosquitoes here are frightening, really.
They are on something.
They're on so many bioengineered drugs that would kill superman in my opinion
but anyways i think um probably one of the greatest things that you can do would be to start muting
oil chads um the same people in 2022 that were forecasting obscene levels for oil back in the summer of 22.
Just like when you start seeing crypto bros turn into macro doomers, from a timing perspective,
I think the worst is behind everyone and probably start looking at projects that haven't rugged yet that's that's what i'm trying
to do but unfortunately like the space is just filled with so much that i'm forced to kind of
just look at equities and just look at the prospect of getting some calls or some i i like
leaps better they're they're safer i think those are gonna be safer like i'd rather
just buy some hood leaps instead of buying spot soul or ease to be frank um
those are just my thoughts on that man i think there's like some real decay on a lot of these alts.
I'm being so real, man.
I am being so real on that.
Unless you see some like huge capitulation on something like Soulware
goes down to $40.
Then at that point, oh my gosh, dude, just long that shit.
Just get like a 3 to 5x long with probably with with uh probably with some calls on ibid or something
like that right so the soul is going down 40 like you bet your ass ptc is probably down 15 20 right
um but anyways man zach what's up how How are you doing, man?
Good, man.
How's it been a long weekend? What's happening?
It's pretty good, man.
I'm getting ready to take a little trip to Austin, Texas, man.
So, always like getting down there and then like, I don't know if you've ever been down
there like hill country out in like Fredericksburg.
It's pretty dope out there, actually.
It's now the second largest wine country next to napa valley
um you don't even feel like you're in texas out there too it's real hilly and kind of mountainous
and shit so getting ready to do that man um take a couple days away from the markets which uh
probably not a bad thing right now man but i'm actually um trading couple of things right now on leverage, dude. Did you see fucking XPL?
Plasma?
It had like a 20% gap.
I mean, it's up 42% today, bro.
It's screaming right now.
Yeah.
Oh, hold on.
Give me a sec, man.
Yeah, dude, I'm in it right now.
I'm getting ready.
I'm getting ready to probably clip a little out.
I mean, I might try to get it going the other way too.
But yeah, dude, it gapped up huge here in the last like 10 20 minutes but uh another one too oh it's got
right now i before the show yeah bro if it's capping up right now then i mean that's cool man
um maybe wait for it on the other side um but because I mean, it's probably, it'll probably
come back down just as fast. But the other one too, I've been trading a little bit today is
EdgeX, Perpdex. It's another one like just outside the top 100. I was talking about that
one on my morning show yesterday around like 60 cents. I think it's up to like 77.
Just getting some momentum going there. I think it's only been out three days the
token platform's been around for a little while so honestly just trying to find some little
opportunities like that man and and just leverage trade a bit and just kind of sit tight on all the
other stuff um especially after that speech last night that's about it bro yeah um
as far as like shit coining
I've just been a little bit active on
soul but nothing
nothing um
nothing exciting
really you think that lol
got any any juice
somebody somebody sent me that one i was like
all right yeah yeah i i i saw that same thing with pixel but i did not i did not um trade those but
i do keep an eye on it um i mean i did get a position on a coin that I just don't really feel like mentioning on here.
I'm kind of just, I don't know, man.
I'm kind of just done.
Well, not done, but just taking a small break from, like,
hyper-posting stuff on the timeline.
I'd rather just talk about it on Spaces. But, I mean, I got some position on meme coin um like weeks ago
um after they migrated but we'll see what happens on uh we'll see what happens on
on that one my boy donnie gave me that um and on soul right every month there's always some sort of sender.
I think you would just need Soul to go back to range highs,
and you would see some more breads.
And I think that the big dog in the room would probably be Hyperliquid on chain.
I think that's something that's going to be incredible for this cycle.
I don't think that you have the Hyperliquid Foundation making all this money on fees
and not injecting some capital into some coins
or creating some side projects, right?
Like Soul Foundation had Bonk.
They injected a ton of money into their own chain
and Soul foundation continues to
to um throw money at coins every month um every single month over the last few years there's
always some sort of uh runner even if it is short-lived right it's still liquidity um i just
think you probably just need some more time man man. Give it until the summertime. I think there'll be some fruitful times.
Usually it takes the market like a year and a half to recover from stuff, right?
It took the market a year and a half to recover from Luna.
It took the market almost a year and a half to recover from BitConnect.
And even like after Mt. Gox, right, a year and a half after that,
you had ETH come out and rip.
You had all the ICOs starting to come out.
So it's usually about a year and a half, two years, that timeline to where you start to see the market coming back in a big way.
And, I mean, with equities, I think that's a market that people should be paying attention to because what you're seeing perform during these conditions is going to rip once market conditions are stable again.
Something like a SanDisk, for example, probably goes well above a thousand.
And if you look at something like ETH, I mean, I don't think ETH is going to have a 50% gap up.
I don't think it's going to outperform SanDisk.
I really do not, man.
I mean, most altcoins are kind of trash in the top 100.
A lot of them are only there because of these insane private valuations that they reached before TGE.
There is no such thing as natural price discovery for a lot of these tokens.
Even tokens on chain, sometimes they're seeded by private rounds. But anyways, those are
my thoughts on that. I know XPL was supposed to be this like stable coin chain,
but I mean, you also have stuff like lighter bouncing.
You're always going to have these bounces during these like periods
where some charts are just flat and there's just no more selling pressure.
And the only selling pressure would probably come from futures if it's a futures-driven rally.
Like Pippin, for example, right?
Pippin was driven predominantly on Binance futures, and it rallied from like 10 mil to almost a billion in market cap.
But now it's back down to 50 mil in market cap.
So these squeezes could end up going a lot higher than people think.
But I haven't really kept up with XPL or lighter, which I think lighter is like the Arby's
of perpetual platforms. Arby's is like the worst fast the worst fast food company in America.
It's like the mattress firm of all fast food brands.
You just see it in every street corner for whatever reason.
And you'll always have your customer that just gets the most obscure stuff,
like a ham and cheese milkshake.
So those are my thoughts on lighter.
And it's disgusting, honestly.
They've had some nasty events happen. I think Bitcoin weak down to like 46,000
on lighter. I also don't like the name. Names are really important in this market.
And but anyways, not to fudder anything. I'm sure everything is going to go up if Bitcoin
goes up and if Sol goes up and if ETH goes up and if hype goes up, everyone's token is
going to do good.
At some point, it's just a matter of like, when do they actually bottom out and what
are their multiples off of that bottom?
Because a lot of this shit is actually not going to go into price discovery.
By the time new liquidity comes into the market or old liquidity comes back into the market,
there are going to be new narratives.
And crypto is likely going to be a narrative-driven market,
just as the equity markets are, for a really long time.
Like, screw your fundamentals, bro.
Fundamentals don't really matter.
It's all narrative, narrative, narrative, narrative.
And in crypto, we all know how quickly those rotations happen.
But those are my thoughts on that, man.
Do you play the equity markets, Zach?
I do, man. Yeah.
Mostly spot, just like long-term.
I'll play a couple options.
Like the other day when the stable news, stable coin news came out,
I took a nice little put on a circle when it came down like 20%.
So if there's like an opportunity like that,
that I just can jump into um real quick i'll
take it um but not heavy not heavy into options but yeah definitely spot like long-term stuff for
sure ghosty man when ghosty brought up neo bro that brought me back to 2020 vibes
and uh all them chinese ev stocks were flying bro that was that was a wild time
i'm also checking him just like wabi about today i didn't like him's price action today because, I mean,
it showed like relative weakness.
It actually earned it up red on the day.
So I think we're going to fill the gap we have below on him.
But that's something I want to accumulate for longer term.
Yeah, I think if you got him between like eight to 15 bucks, $13, you're probably going to get some, man.
I think looks maxing is going to be up and to the right.
It's just a societal trend.
We're going back to like the 90s.
Everyone is going to be on something, dude.
And what's the best way to do that? So to capitalize on that trend,
probably get yourself some hymns. Just like a couple of years ago when brain rot started,
probably like late 23, early 24, best way to position for that was on that momentum move
that Solana had from 25 bucks all the way to 240 or 2 215 210 which is
where it peaked out i think in march of 2024 and a run like that dude i think that initial run on
soul from october september of 2023 all the way to march that ignited on-chain so much, man.
It was right as Solana started peaking out in Q1 of 24.
That's when stuff like bass started going up like crazy.
And of course, you can also even go back further and say Pepe is what fueled on-chain.
And go back even further and say Bonk and go even further and say doge. But I noticed that before every wave of breadth,
there's always that one coin that starts it.
And you also need a major to do well,
which I think this time is probably going to be hype.
But anyways, I don't really have much to say on the markets guys unless anyone here wants to
bring something up I'm kind of uh I'm kind of cooked I think I think we're just gonna have
to wait until um probably like Tuesday Wednesday to see any sort of crazy volatility. Unless Trump does like a taco or something like that on Sunday,
which is what usually happens, right?
Sunday, he makes some posts, has some speech.
Market opens up green.
And then by like midweek, we start to correct.
And yeah, perhaps 6,300 remains a little low for a while,
but I'd rather us just gap straight the hell down, man.
Just rip the Band-Aid off, and then we just go up only again.
For certain sectors, man, because unless QE and ZERP happens, dude,
it's just going to continue being this rotation-based market that we've been in for the last five years, man.
For the last five years.
It kind of goes back to that lost decade, Evan. 2021 if you weren't prioritizing being in a select few assets you didn't really do much
honestly you didn't really do much at all um and take a look at kathy woodstock right she hasn't
gone into price discovery since february of 2021 dude that's the real alt season, dude.
When Cathie Wood starts to make money,
that's when it's easy mode.
And that's when...
I hate using this word, but retail.
That's when they come into the market.
I don't...
Robby, you think Cathie Wood ever could come back?
It's been so long.
I mean, I don't know much about her,
but it's not looking good i
don't think right i mean buffett went through some issues in the 90s didn't he like late 80s early
90s um dalio went through some stuff and uh in the early 80s or something like that he thought
the gold standard was going to come back and he also got blown out on cattle futures like i think
people forget but like these big titan names like dude they've got him blown the hell out before you
know ray dalio had to ask for money um all these guys have gotten blown out at least once um so if
kathy wood has kind of been struggling over the last few years, at some point she'll be back.
But that all coincides with monetary policy, which would be rates at zero and QE and all that stuff happening.
And that kind of stuff only lasts for a short period of time.
and if you know when that stuff happens you're in a race against time to make as much money as
you can in markets before inflation starts eating up um at your expenses and at a at a very fast
pace so if qe and zirp happens which i think it'll happen man but you just need some sort of
huge market-wide correction.
Whether it's this correction or the following correction sometime next year, I have no clue. But, I mean, a Trump administration without any Zerp and QE would kind of be surprising.
But market doesn't owe anybody anything, man.
anything then um and I think you would need the S&P to trade below um probably below uh 4800
which is where we bottomed out around this time last year for QE and Zerp to happen and it would
have to happen after Powell leaves um yeah which I mean I guess would be ironic, wouldn't it, Evan?
Like, Powell leaves, this new guy comes in, his first two weeks are crap and they're forced
to do QE and ZERP.
It's kind of like when Obama got inaugurated, right?
His first month, his first 30 days as president were abysmal every single day something
would be imploding in the equity markets and then he had that meeting with paul volcker um like the
first week of march and that set the bottom dude like the moment paul volcker and obama
shook hands the s p bottom that's 6 6 6 and you can't tell me that's not it's not some sort of simulation
it was 666 that was actually the price oh my god yep on the s&p and the exact moment dude the exact
moment that paul volker and obama um i saw this on like a 4chan post bro like years ago in 2022
I saw this on like a 4chan post, bro, like years ago in 2022.
Back when I like lived on Spaces, bro.
Once they shook hands, that's when the S&P bottomed.
And soon after that, QE1 started.
And then Janet Yellen came in and QE2 and QE3 and Janet Yellen bro I think she gets a bad rap
um I would say she's probably one of the biggest contributors to Bitcoin's rise
um because again right Bitcoin benefits off of easy monetary policy
benefits off of easy monetary policy. And I understand there was no QE or whatever in
2023, 2024, but what she did in the treasury market and the way she injected those markets
was basically QE, not QE. There was some sort of stimulus, right? If there was no stimulus,
I don't think we would have had any of these pumps that we experienced in the market
um if it wasn't for biden's chips bill we wouldn't have seen nvidia going up like crazy
um sometimes the devil you know is the better than the one that you don't right and i think
crypto always needs that like that boogeyman right like gary goonsler he was uh he was crypto's boogeyman
from uh 2022 to early 2025 and what happened the day that goonsler walked out of the sec office
trump coin was launched and um everyone's coins got uh taken out the back to 7-Eleven to where the sun doesn't shine.
But, Mar, how's the thing, bro?
Dímelo.
Hola.
What's up, brother?
What's up, bro?
What's up, Zach?
Oh, man.
Yeah, man.
I'd rather have Gensler back than Trump, to tell you the truth.
I miss that. I agree, bro. I agree. yeah man i'd rather have ginsler back than trump to tell you the truth i miss i i agree bro i agree dude if you think about it like he arrested all the necessary people um he fined the hell out of
crypto companies who really just extract people with their coin uh so yeah man uh yeah i wish i'll have that man back uh but yeah wabi uh
if i if i was to call the bottom on bitcoin i will call it at 20 percent from uh the 2021
all-time high but i think bitcoin was overbought on that cycle big time
with all the free money.
So I'm guessing 20%, 30% from 69K.
That would be the bottom of Bitcoin.
I'll be shocked if Bitcoin goes anywhere near 42%,
unless it really gets ugly in Iran.
And we have just more fear. 42 unless it really gets ugly in Iran and you know
we have just more fear
unless we start talking
about World War 3 and then the
tariffs come back into play
I mean and then
the M-Steam files
you know something comes out of there
against Trump I mean then we can
really see Bitcoin go
even to the 30s but
man my question to you is uh in 21 we had a double top six months apart uh this time around
if you know we we had it a year apart is is that like a like having a double top like that a year apart, does that say that we might have one of those 14, 15 months bear market?
I think we had once before in crypto.
Or does that mean probably like we'll have a shorter bear market having that double top that we had, you know, 12 months apart?
double top that we had, you know, 12 months apart.
I mean, I think better signal would be to pay attention to what the S&P does, right?
Yeah.
Under a Trump administration.
And during his first term, any sort of drawdown in the equity markets wouldn't last for more
than a few weeks.
And I said this last year in Q1, like, you know, if this is going to be a drawdown for markets, the thing to watch out for is the equity markets, because Trump does not really function in a regime where the S&P drags out for months and months and months and months. um extreme volatility to the downside and then a v reversal um or a slow v reversal right like
his whole thing is basically i'm going to make you poor in an extreme short period of time and
if you survive and you don't sell your positions of course the appropriate positions then then
you'll do well right uh 2018 we pe we peaked out in September of 2018.
And then we bottomed out in December.
But most of that drawdown occurred from early October
during the taper tantrum all the way to mid-December.
Same with last year.
Most of the price action happened from mid-February, early February, all the way to early April.
And a lot of people got carded out.
Tons of people got carded out because they sell their spot positions and then they go into leverage.
That's how most people get blown out in markets.
um so i would say i would say that bro like if the s&p and the nasdaq are going to continue to
So I would say that, bro.
draw down um and we just look at what occurred last year then the bottom is probably in by the
time warsh gets in would be uh would be like my my estimate it's more like time-based and shit that's going on right um last year was tariffs
this time it's iran but i think people also forget that war causes stimulus war is a job creation
and this is just from a jobs perspective jobs and economic perspective if you're just here to
trade markets and you don't want to talk politics or get into morality or any of stuff like that, and you just want to talk
price, war is job creation. War is stimulus. If you look at Iraq, back when Bush announced
Operation Shock and All, that was huge stimulus. that was huge top growth um and markets went
ballistic after that so i guess if you want to use history that's that's one way to to look at
things right um but yeah um as far as the coin bottom bro i don't i don bro, I don't really care where it is.
I think we don't have like a 3AC or a Luna, right?
But I would guess somewhere in like the early 50s, early 50s, mid 50s, late 50s, something like that.
That's not too much of where we bottomed out at 60.
But no one trades Bitcoin.
That's the thing.
They just dollar cost average.
And then they speculate on when say they're going to buy the next batch.
Most people, they buy alts.
They buy options.
And when they do buy those options, when they do play those alts they buy options and when they do buy those options when they do play those alts then they buy the S&P 500 or Bitcoin but some people actually want to be
commodities chads like I do know some people that like are just stacking
commodities like they just want to buy precious metals they want to buy some energy and that's
fine right that's fine um because commodities and stuff like energy they're going to be around
in 10 years but you don't really know if solana's going to be around in 10 years you just
you really don't know right and i think that's good for some people to do right I think I think that's a lesson that I
learned uh being crypto that once I started looking on over to Tradify I just started
viewing markets a lot differently um because there's only so long you can hammer on about like my coin has a partnership with with this content creator
or my coin has a partnership with with with zelle or um with walmart or whatever that is like
partnerships don't mean anything except here's some supply that's locked and you can dump it on the market when
it's when it's unlocked.
And then when you read the fine print, it's a partnership with a former, with an employee
of Walmart as an advisor.
That's right, bro.
That's right.
A partnership with someone from Sedano. From Sedano as an advisor. That's right bro that's right a partnership with someone from from as an advisor that's
that's right dude that's right um yeah yeah don't find something else dude are you what
are you doing in this market mar what are you doing man Man, don't throw me out of the stage, but I'm buying World Liberty Finance, bro.
I'm buying it, bro.
I know Pump is going to...
Before Pump leaves office, before Trump...
I told you, don't kick me out of stage.
Before Trump leaves office, he's going to take that shit to the moon, man.
I think that's going to easily be true.
I believe you, man.
Maybe like an XRP kind of pump towards the end of the cycle.
I think I'm not super aggressive on it.
To tell you the truth, the only crypto that I'm aggressive on is Bitcoin.
I don't even trust Ethereum anymore.
I bought some more hype, you know.
But, yeah, man, World Liberty Finance, you know.
And Fulano is starting to look juicy, you know.
Every time he hits like 70, you know, in the 70s,
it's starting to look like, because, come on, man.
They got great marketing, man.
They know how to move that coin. They know how to hype
things up.
One thing I'm not touching for sure
is Cardano and Sheba
and shit like that.
You can buy
all that if you want. You can keep it all.
But yeah, I'm
looking at World Liberty
Finance.
I'm putting my money on Trump.
Yeah.
And of course,
I bought a lot of hood.
I want 60 bucks.
And I don't give a shit. I'll DCA
because the thing is, Wabi,
that DCA is dangerous and people are like, oh, I got. I'll DCA because the thing is, Wabi, that, you know, DCA is dangerous.
And people are like, oh, I got wrecked DCA-ing.
You're not going to get wrecked if you DCA something like Robinhood or Bitcoin.
You know, you're going to get wrecked if you DCA something at a million dollar market.
Capiero, I got in at 20 million and I started DCA-ing all the way down to 100K.
I'm like, you don't DCA on projects like that.
Because if you got in on a project at a $10, $20 million market cap and in two, three years you didn't make any money, that shit didn't do nothing.
You bought it at a penny stock.
Basically, it's momentum, bro.
All coins serve the main purpose for momentum trades to rotate into
things that you believe in longer term and and cash is a position too you know like like you're
not gonna buy um a house with with uh with an altcoin yeah okay like your house is gonna have
equity in 30 years your alt altcoin, probably not.
You know?
Hey, you know what's funny, bro?
Like, altcoin people have, or just like people in general,
like, they have this thing against, like, buying an apartment
or buying a house, which is ridiculous.
They laugh at you. They laugh at you.
They laugh at you if you're telling me to buy a property.
They laugh at you.
Like, the reason I'm able...
You can't.
You can't take...
Go ahead.
Bobby, the only reason I'm able to be aggressive
is because I have my home paid off,
and I lose my job, and I still have my house.
All I got to worry is about the taxes, you know,
and the insurance that I have on it.
That's it.
That's the only reason I'm able to be aggressive into investing.
And a lot of people come here, that is the worst investment.
I didn't buy a house to invest.
I bought a house to have a roof, you know, for me and my family.
I don't give a shit if that thing goes to $100K or $3 million. It's my house roof you know for me and my family i don't give a shit if that thing goes to 100k or
or three million dollars it's my house you know but yeah man how are you doing wabi how are you
doing with uh with uh the the tooth that you had i know that you say you were drinking antibiotics
yeah yeah yeah yeah so my first day off was on Monday, and that was good.
These things give depression, by the way, because what they do is they clean out your gut biome, right?
So it's like you're basically running on empty, and so you feel like crap.
Like your first day off of it it you feel like you've been
hit by a truck man and when you feel like that of course you know it's gonna it's gonna cause some
emotions right so it's like it's like melatonin but instead of feeling like relaxed you just feel like sad, man. And Wabi, you took antibiotics, right?
I did, yeah.
Yeah, make sure you take some prebiotics for your stomach, man.
Make sure, because those antibiotics destroy the lining in your stomach.
I know that you're young.
I'm 50 years old almost.
I'm 49.
But take care of your stomach lining and drink some probiotics.
Whenever you take antibiotics or medicine for anything, you should drink some probiotics to protect that lining in your stomach.
We actually have a doctor, man.
Dr. Rafi.
Give me a thumbs up if you like what you're hearing, bro.
Dr. Rafi.
A thumbs up.
He's always in here, man.
But anyways, man, I don't really have much more to say.
I think it's a great time to wrap up.
Zach, go see.
If you have anything to mention, feel free to do so.
Otherwise, I think it's time to enjoy our long weekend.
And as I can see, there's not many people active going into this long weekend,
as always, right?
Did you enjoy the Ultra Fest, Wabi?
No, bro, I don't go to that stuff, man.
Right, I was going nuts, man.
That's right.
My office is literally behind one of the stages, bro.
That's, that's.
And it's all glass.
It's a container with glass.
Imagine that.
And, like, I told my boss, I'm going gonna go to my car in the parking lot and work for
my car inside my car i can't take it anymore boom boom boom it's just it's it's just like a bunch of
like adult children buying 20 waters escaping from reality and hooked up on a bunch of drugs with crappy music that gives you a headache and then you feel
like crap I tend to stay away from events like that I tend to stay away
from my parties because I really don't like people in the sense of like people
and events where there are substances that alters your personality, right?
Like what is there to talk about?
The tingling sensation, like get away from me, your breath stinks.
Many people don't practice hygiene.
And I'm also really iffy on touch and during music festivals, everyone is touching each other.
Like you're cramped up and everything and people get trampled.
And I'm sorry, I'm not going to pay a couple hundred bucks that could be used for buying more stock, for gambling on chain.
Like I'm not going to use money that I can gamble to be around some middle aged woman that doesn't know what she's going to do with her life and acting like a freak.
Or some dude that used his last 500 bucks to just get on a bunch of fantasy and just act like a fucking goblin.
I'm not going to do that, man.
Yeah, I'm not even sure how they're still around honestly probably funded by like
some three-letter agency i was reading about it too they break they bring 200 million dollars man
to the city those three days it's insane fucking insane and you gotta wonder what they use that money for, bro. Yeah. Yeah. Because the streets in Miami, bro, there's always some issue on I-95, bro.
There's always some sort of issue on I-95.
And a lot of the people, like a lot of like South Florida natives,
they're all being replaced by these freaks from New York or Chicago or from California.
I actually think Florida is going to be a liberal state in the next, like, 15 years.
That's my opinion, man.
Bobby, you said you were half Cuban, half Japanese.
Yeah.
Something like that.
I'm only asking because you said it on a space,
you know,
I will never ask you that.
What did you,
what did you,
what did you say?
On a,
the reason I'm asking you,
because you said on a space ones that you were Japanese.
I'm like,
he said he was Japanese.
You did some sumo wrestling,
right? I did. Yeah. I did like, did he say he was Japanese? You did some sumo wrestling, right?
I did, yeah.
I did back post-COVID.
I actually competed.
Tough?
Say that again?
It was a tough sumo wrestling thing?
Oh, yeah. It's probably one of the most underlooked sports
to train for.
And most people say, oh, like bulking is easy.
It's really not.
If you actually push yourself, like you will have to force feed um on a daily basis um the stamina you need to
have for that is like to train for it is is intense it's like football right like you a
traditional football play is like what 10 seconds nine seconds but to be proficient at it the practice is a lot the same with sumo you know
but anyways i'm gonna go ahead and wrap up guys thank you thank you thank you mar zach
evan go thank you much for tuning in but guys if you enjoyed the show over the last hour and a half,
my name's Wabi.
We'll be back next week.
We usually go live when the stock market is open.
We usually go live between 3.30 and 3.45 p.m. EST.
Have a great weekend, guys.
Follow the BB account.
With all of our shows and all that stuff. We also have a YouTube show, which is hosted between 1130 a.m. EST to 1140 a.m. EST. That's our TA show. If you guys like charting and all that good stuff, feel free to check out our links as well, guys.
Thanks as well, guys, for all of our services.
We do have an alpha group, which is a Discord server.
And you can find multiple channels there covering all things crypto, private live streams, all that good stuff.
And yeah, guys, thank you so much for tuning in.
I am going to be taking a longer weekend.
I will be doing some traveling for Passover.
Thank you all so much.
Thank you all so much.
Thank you for tuning into Market Talk.
Whether you're here listening, live, recording.
God bless you all.
Bye-bye, guys.
