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Market Talk- what’s next!? HUGE pull back on crypto while stocks PUMP!
Recorded: June 20, 2025 Duration: 1:13:51Space Recording
Short Summary
In a recent discussion, crypto enthusiasts highlighted significant growth trends in the market, particularly with Circle Stock reaching new all-time highs and the potential for a bullish rally driven by geopolitical developments. The conversation emphasized the importance of diversifying investments across equities and crypto, with optimism surrounding upcoming market conditions and structural changes that could fuel further growth.
Full Transcription
Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Two words to lie, rival nations.
It's a criminal in the past.
In his own frustration.
Ready to hear the hope against all. We have landed in the past, in years of expectation,
ready to hear the hope against hope.
There is so much to take, since our freedoms are put down
through our hopes.
The world of despair is the easiest cause of all
that gets spent.
Can't even sustain. This was Yes.
It's hot! the the
the I'm always gonna hear an attack It's the passion that kills
And the victory is first alive
In the burning heart
Just about to reverse
Cause it's a cold war
Since I'm not going to survive
In the darkest night
Rising like a smile Oh Oh, yeah. Yeah. Yeah. Yeah. Yeah.
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Yeah. Yeah. Yeah. Yeah. Yeah. In the podcast, rising like a fire In the burning heart, you must take your blood
In the burning heart, you must take your blood
To your best, there's a best
In the burning heart, you must take your blood
In the podcast, rising like a fire
In the burning heart, you must take your blood Oh hey what's going on guys welcome back welcome back to market talk brought to you by because
bitcoin i'm your host wabi and man what is going on in these markets? Let me tell you, I woke up and once again, I saw Circle Stock hit a brand new all time
high.
This thing is an absolute beast.
And I'll tell you what, guys, over the last couple of weeks, I've kind of felt that I've kind of felt that the equity markets are going to give some very lucrative opportunities.
And I've started saying this recently, but there should be more markets for you to trade outside of crypto.
And the equity markets have certainly proven that, really, especially with these Bitcoin treasury companies, which at the end of the day,
they're just trades. They're not things that you really hold long term. At some point,
a lot of these Bitcoin treasury companies are probably going to dump their stack and their
stock is probably going to trade to zero against BTC. So uh narratives are cool narratives are cool when we spot them early but
that's all that they are they're just narratives and man you know we we see these assets trading
at billions of dollars in market cap and if you only trade crypto of course you might think to
yourself man why would i ever buy uh circle at 10 bill market cap, right, or 15 bill market cap?
It's already trading so high.
But, I mean, ladies and gentlemen, take a look at the last 14 days.
This thing is up almost 200%.
Can we say that about most altcoins?
About most altcoins? Absolutely not. Most altcoins right now, they're kind of choppy.
Absolutely not.
Most altcoins right now, they're kind of choppy.
But with the exception of a few, a lot of them have just been choppy or in flat out downtrends.
And we're in these markets to trade money and we have to go to where the volatility is depending on our style of trading.
Myself, personally, I'm a long-only trader.
Myself, personally, I'm a long only trader. I don't really like to short.
I don't really like to short.
Even if I am bearish, I really do not like to short or to long on leverage, to be quite honest with you guys.
So if you're a long-only investor, right, and you don't really like to scalp or anything like that, and you're a long-only investor, then let me tell you, this market cycle has definitely proven to be an environment
where you can shift back and forth between equities and crypto.
So if you guys ended up taking that call on this show
when we were talking about Circle on the first day that it debuted at $85, $90, $95,
you're up quite a bit.
You can take half of those profits, set a little bit
aside for taxes, of course, and then roll over most of those profits into crypto land.
And I do believe there are going to be a few more IPOs for the second half of this year that are
probably going to give some very, very, very lucrative opportunities. Again, when you have these assets that are true gauges of risk appetite from TradFi when
it comes to these crypto markets, and you have these assets debuting at 5, 10 bill,
you are going to be surprised on how quickly they can move.
Because the equity markets, that is literally trillions and trillions of dollars in liquidity and we know
over the last two and a half years how quickly things can get priced in very very very quickly
very quickly i mean just take a look at nvidia guys uh nvidia priced in agi in 18 months in 18
months nvidia destroyed most all coins and i still think it's going to be an environment like that until QT actually flat out stops.
But for the most part, guys, these markets have been very volatile and that's that's that's what I like, man.
If people can make money in both directions and by all means we we we enjoy it right but um
i mean outside of circle once again hood has made an all-time high uh i think if you've been in hood
for some time now and you've been in since eight bucks nine bucks and we started talking about that
stock here on this show in q4 of 2023 you can roll over those profits and build a nice stable coin position
look out for a nice flush in q3 and build dynastic wealth and just moving moving forward
guys i i would advise you i would advise to uh be aware that there are more things to trade than just speculative shit coins that are really only rented vehicles of attention.
You take a look at most altcoins that have caught any sort of trend.
They rarely last for more than two quarters in outperformance against majors.
majors with the exception of a few right with the exception of a few uh this cycle has been uh quite
quite quite insane really bitcoin dominance once again above 65 percent uh something interesting
that is coming up guys in about two weeks we are gonna have uh uh the situation with tariffs resolved and perhaps a peace treaty in regards to this war.
I do have some faith that Trump could negotiate something in regards to the war.
And if that actually happens, guys, the face-ripping rally that's going to occur will be quite tremendous.
And if you take a look at the equity markets, once again, they just don't really care as much as crypto does.
I mean, you take a look at anything outside of Bitcoin, things like SPX, things like Farcoin, things like Hype, they are having some pretty deep pullbacks.
And there are a few altcoins that are coming into levels of interest.
But, man, it's looking quite disgusting when you compare it to the equity markets. But at some point, whenever you see underperformance or overperformance in either crypto or stocks, at some point, one of them catches up.
That's how it's always been.
And if you're taking a look at things like Circle and Hood, that is what alt season looks like.
that is what alt season looks like that if if those charts uh were across the altcoin market
people would be absolutely euphoric right now but we're just not seeing that and that's why i've i've
i've been pushing for stocks as well man i've i've been uh really stressing the importance of being in the equity markets as well,
just to balance things out.
But either way, I got Donnie up here.
I got Chill.
I got Koosh.
I haven't had Koosh up here in months.
It should be pretty interesting, man.
We had some pretty interesting spaces in 2023 back when we had a lot of those gold bugs that are now obsessed with BTC come on up here.
And they were yelling at Koosh and Chill talking about how BTC is going to trade back into the teens anytime we had a day where Bitcoin pulled back from 28K to 24.
time we had a day where bitcoin pulled back from 28k to 24 and uh a few months later man the face
ripping rallies that we had um in october and november of 2023 were were quite vicious and
that's the thing right like you might feel a bit discouraged right looking at things like circle
and hood and like thinking man like when is when is when are all it's going to look like this?
Well, at some point, from what we've seen over the last two and a half years, crypto eventually does catch up whenever stocks overperform.
And it happens in succession. It happens really quickly, despite us not being in quantitative easing or in a low rate environment.
These markets still have a lot of volatility,
both to the upside and the downside. The key really is to not get blown up, to not get blown
up on leverage. But either way, guys, I hope you are all doing okay. I'm feeling a ton better.
I'm feeling a ton better.
I'm back in the gym, albeit I have to lift some.
I hate lifting light, man.
But when you're out of the gym for just over two weeks after a pretty aggressive and really, really, really bad respiratory infection, you kind of have to build yourself back up from a base.
But nonetheless, I was glad to lift.
I've gotten two sessions in, going to go in for another session tomorrow.
Been doing a lot of cardio as well.
Get my VO2 max level up.
And more than anything, I'm glad to be here with you guys to talk markets.
You guys know I always like to show my appreciation for you guys.
So I want to welcome you all. Whether you're listening now or you're listening to the recording welcome back welcome
back and uh we're gonna go ahead and get started before we do that guys if y'all can show some love
to the space the best way to do that guys as always is by clicking the spaces tab once you
guys click the spaces tab you'll see all of our profile pictures.
And right up above, you'll see a little link that says x.com slash i slash spaces.
If y'all can go ahead and smash up the like button and hit that repost or retweet button,
whatever you want to call it, but hit that repost button with as much force as you want.
Whether you're bullish, whether you're bearish, if you enjoy these markets,
whether you hate these markets, just go ahead and show some love as it does a number of things.
Helps bring more people in here.
Helps us get into the algorithm.
Brings more awareness to the brand. And, of course, myself and everybody else a part of BB would be much appreciative of what you guys do whenever you guys show love of the space.
I always love it when you guys do whenever you guys show love of the space. I always love it when you guys do that.
It always tells me that you guys love the show.
Even on days where there's not much to talk about,
where we're just chopping, which, of course, we're not doing right now,
it shows me that there are some very loyal listeners here, man,
regardless of whether it's a trending day or not, man.
And it means a lot day or not, man. And it means a
lot. It means a lot. I remember when we first started this a little over two years ago, we were
kind of just starting out and nobody really know who we were. And these spaces were a hell of a lot
smaller. So I want to thank you all, show my token of appreciation. And it is is friday guys and on fridays i do like having a few of you guys
up here so towards the end of the show uh probably towards the last like five ten minutes i'll bring
a few of you guys up here if you guys want to talk your book you guys know that i enjoy conversation
more so than questions as uh conversations spark thought and questions i don't know they're just
they're just really bland um in my opinion but uh either way i want to welcome up koosh
chill and donnie um i'll pass it on over to donnie as always man i'll send him uh a uh
co-host invite so donnie what's going on, man? Quite the volatile day. Markets were closed
yesterday and now markets are open. And it seems like the Jeets are in full force and they want
to shake us out of our bags once again, going into possibly one of the lowest liquidity,
one of the lowest times of liquidity in the summertime,
which is typically like that late June-ish area.
A lot of people start going on vacation,
and a lot of that liquidity really doesn't come back until like July
for a late summer rally before the pullback in August and September, man.
But how are you feeling, brother?
Thanks for coming back on the show.
Looking forward to the discussion as always, man.
Hey, bro.
Thanks for having me back on.
Yeah, the jeets are in full control right now.
So we just have to wait the selling
pressure out. Once the sellers are exhausted, then we can start rallying. But nah, honestly,
I woke up today, I saw the little flush we had. Last night, we had like a little bit of a fake
out pump right into a nice little supplied lock there. But we're kind of expecting a deviation
of these local lows just because you know there was
a ton of liquidity building up there's no real like uh accumulative signs of price action around
these prices just yet well there wasn't for like a few days but now with this uh wick that we had
to the downside it's actually looking really constructive right number of charts are shaping
up uh for really nice long entries. USDT dominance looking heavy.
Everything's really lining up.
I guess the only thing is the hurdle that we have to climb
with the situation in Iran, right?
Depending on how US reacts is probably going to reflect
on the Bitcoin's chart.
So I'm basically just thinking it's very simple right now, right? If we rule out
total world destruction with World War III, every single country getting involved, which I think is
not going to happen, then you're kind of left with two scenarios. Either the US escalates violently
with Iran, which that would send us lower first before eventually, I believe, going higher.
I did share that chart yesterday.
I'll just share it again.
Just give me one sec.
Of kind of the fractal of the 2021 bear market,
2021 bull market highs all the way through to where we are now and kind of that 74K range that we had with the 49k wick to the downside,
which was a very scary event with the yen carry trade unwinding.
So something similar to that could play out.
And it's a completely different timing perspective on the chart, right?
That chart on the bottom is actually a weekly chart
and the chart on top is a daily chart.
But nonetheless, the structure on the chart,
all of the psychological points on the chart are the structure on the chart, all of the psychological
points on the chart are the exact same, including this deviation of the high and some sort of range
bull flag that we're forming right now. So I don't think you need to go to that 98k zone,
which is the blue rectangle that I've marked, unless the US escalates aggressively, right?
That's kind of my scenario for going into that zone which i can't predict that right it's
just it's a zone on the chart if we get it it's probably from that if not it's probably from a
non-violent solution which if i had to lean i would think it's going to be that
um so i don't really think we'll get the 98k wick plus with the uh with today's price action with
this liquidation to the downside and a nice buyback i think you
could just form your higher low locally here at these prices with the low already being in
at 100.4 but again have to see a little bit more um but yeah it's it's all looking good and the
thing is i sound like a broken record but the big picture is already set. So all you're left to do here is
essentially pass these last few hurdles and wait for the inevitable, which I believe is going to
be massive upside. There's too many things pointing to a big macro expansion over the next six to 18
months. And that timeline might sound ridiculous to people because they think there's just one
more rally left in this market. But I believe it's going to be much longer than that.
So we'll see.
We're having a DXY rollover and completely lose the lows.
You've got all of the other crypto positive things
as catalysts that the US is pushing
and marketing to the world.
We know what they're doing with stable coins,
trying to bring in demand into their treasury market.
They're pushing that like crazy.
They're setting up an economic boom, this pro-market, pro-growth agenda. They're pushing AI to patch up growth. So
even if they do have to fork up crazy stimulus to get this economic boom that they want,
at least it won't be crazy inflationary if they have this massive productivity boom through ai so everything is set up for you
know flourishing uh economy and market over the next six to 18 months before they go to midterms
so they can actually you know win those midterms and carry on uh with all the things they want to
carry on with so the clock is ticking for that midterms are in nove November of 2026. We're now almost in July.
And they obviously have to campaign going into that,
which is many months before that as well.
So again, it's the last few hurdles
that you need to be patient for and cross
before we get things started, I believe.
So this kind of local stuff is just noise.
I don't believe you're going to go to low 90s
and all that kind of stuff. If that were
to happen, then it would kind of just shift the whole chart, which how it's being prepared right
now. Again, that fractal that I just shared, it's prepared for a breakout. It's not prepared for a
breakdown. So a breakdown from here would just be kind of unexpected and it wouldn't really make
sense. It doesn't line up with any of the macro views. It would take a lot longer to recover from that,
maybe like, I don't know, three, four, five months potentially.
So it's just, I don't think it's very likely.
It's a very low probability outcome
and nothing's really pointing to that.
So, you know, I think we could all agree
that if this US and Iran solution is,
or it comes to an end,
that the market is going to appreciate from that.
That's literally the only thing that's keeping risk appetite at bay. And you have everything
else pointing higher, which does move markets like liquidity and things like that. So yeah,
it's looking good. I know it's been tough, just because you keep getting these stop starts,
which you get excited, and then you get smacked back down starts, which you get excited and then you
get smacked back down and then you get excited and smacked back down. But I think it's almost over.
It's literally July, right? And there's a lot of these things that they're trying to
get past, including the one big beautiful bill, all the tariff policy noise,
this thing now, it's all wrapped around sort of these months ahead right
june july and at the latest kind of august
man i'd love to get uh some of kush's thoughts on what don
stated man uh kush what do you think man i think i think you and donnie man have uh
have some pretty similar styles when it comes to trading man so koosh
what's going on how are you feeling man and what are your thoughts on uh some of the conversations
that we're having thanks uh for coming back on man you've um you know been a part of these shows
over the last two plus years it's been quite the journey yeah man you brought me back to 2023. The date was October 17th.
Bitcoin was trading at $28,000.
MicroStrategy was trading at, I think, $32,000.
And people were kind of shocked when I said I thought MicroStrategy could go to $100,000, $150,000, which at the time was $1,000, $1,500.
And Bitcoin could hit all-time highs before the halving.
And so, but it's been the same story the whole way up, right?
The market's been conditioning at every level very effectively.
And as it relates to your question about what I think Donnie just said, I think the key, and I just throw it up on a monthly chart, and I look back to 1966, it literally went through almost a 30-year reaccumulation.
It broke out, okay?
Retested that reaccumulation level.
And then what happened?
It was 1996 to 2000.
One of the most prosperous times in financial history.
I wasn't a participant.
I was in high school.
And so where are we now?
We're in a similar setup in which, you know, from 2001, 2002, all the way up until
December of 2023, you were in a 20-year, 20-plus year reaccumulation. Broke out,
and when did it retest? When did it retest that massive reaccumulation?
It did that in April. Do I think it's a coincidence that we had this news, this tariff news?
No, I don't think it's a coincidence. Do I think we have this news and this concern
that's going on right now, which I don't follow very closely. I don't believe in 90% of news.
I don't believe the intent of what's being projected on me is a reality.
Typically, it's the opposite.
It's in my opinion.
And so the timing of all these things to me is not a coincidence.
And if I look at Bitcoin, it's essentially the largest reaccumulation structure bitcoin uh has ever produced
and every again with every volatility event right or consolidation and this has just been a flat
basically a flat correction right for what 42 days above 100K? We see concern, right? And it's just like
we saw concern back in April, right? It's like the lower it goes, the more concern people get,
or it should be the opposite, right? Like the lower something goes that has proven to be a strong asset, and Bitcoin has proven that,
then we were supposed to get more bullish and less concerned. But we saw a lot of accounts
get really big. Oh, it's time to be cautious. And now we're seeing that now, which is great.
Which is, by the way, all these things I'm
saying are great.
Like for anyone, and I'm not an active trader, by the way, like, you know, full disclosure,
I'm not a financial advisor.
I will like do some swing stuff here and there.
April provided an excellent opportunity for that.
But for the most part, I'm just trying to remain long
and, you know, take profits on like six month year, two year swings. Like micro strategy was
the last big one I talked to you guys about in the fall. And then deploying that when there's
big opportunities, right? And let the market do the work and so I mean at this stage no one's
talking about Bitcoin now I don't get any texts like I'm the guy in my circle of friends and
people that I work with that I've tried to orange pill about 40 people over the last four years okay
so that's me I'm the guy I'm the Bitcoin guy um yet i get no texts no is now a good
time to buy none of that um i got a lot of a lot of that 2021 uh i got a lot of that with some of
the the proxies in 2021 uh but it's it's completely absent right now, which is what you want to see again, where people continuously, not in just Bitcoin, but in traditional finance.
Every event is top talk. That's not normal.
That is not normal. And it's not normal when you have a reaccumulation structure and for those of you that are trying to figure out the the chart
i'm talking about it's on my feed just use the search function spx denominated in m2 sl
i don't know how to post uh or pin a post or i would do that now um but like this is like this
is a potential generational setup right is where the where the structure is presenting itself so similarly to the way that
it did in 1996, prior to the NASDAQ doing a 4X inside four years. And here we are with a Bitcoin
reaccumulation structure that's, you know, that's screaming, it could go a lot higher. And yet no one, you know, you don't see a lot of like,
you see everyone trying to get exposure past Bitcoin, right? It's like, which alt or what
should I do for outperformance and this and that. And Bitcoin isn't the focus, yet it continues to
lead, right? There's a story in there. There's something to be taken from that, right?
And so for me, it's always been Bitcoin number one, the number one holding. And I know it's like
the cool thing to say, like, you're not going to get wealthy on Bitcoin at these levels. That's
what everyone's saying. Okay, so I'm sure that's true, right? That's what everyone is saying.
And yet, you know, alts continue to bleed against Bitcoin. And it's the hardest asset, in my opinion, ever created in the world.
And so, like, there's a lesson there. I think Bitcoin can go a lot higher than people think. I think the timing of these things is really, really difficult to project.
difficult to project but i wouldn't be surprised if what we're in right now starts taking off and
goes on for multiple years uh you know two three four years in equity markets and uh with bitcoin
in the path i'm not foolish enough to think i'll be able to get right and so what i try to do
personally is with these proxies is is try to to gain outperformance and then just use that to raise
cash. The biggest mistake I think people can make in a bull leg is they gain outperformance in things
and then they reinvest it. And you're doing that while everyone else is doing it. And that's how
things go parabolic. But then it eventually all falls apart. And then you're
like, oh, I just want to get back to my net worth as it was a month ago. And then two months go by
and you say, oh, I just want to get back. And that's when it all goes downhill. And so if and
when this time comes where things start going parabolic, whatever, you know, it should be more about like
a plan to where you can take a good chunk off the table. And if the market goes sideways for 10
years or flat, or we do go into the, you know, this crash everyone's been talking about that's
coming any day now, it won't matter. So that was a long winded intro intro but I haven't been on in a while so there you go
yeah man great to hear from you I am a believer that you know the marking conditions that we've
seen over the last two and a half years these mini bulls and bears are probably likely to continue.
But, Koosh, you know, I'm kind of leaning more towards a melt-up at some point.
When the Fed starts cutting rates again, I do think that is when we're going to have that bull off top.
And, you know, Matt, the other day, he brought up a pretty good talking point comparing Gold to BTC.
And Gold had a bull off top.
And I think that's coming for BTC and eventually things like ETH and Seoul and some of these other majors, man.
Have you been keeping up with all the macro talk or not really?
Yeah, a little bit.
And so what I'll say about that is, man, the algos are way smarter than us, right?
So if and when they start cutting rates, I would expect we'd be within a week or two of a local top, okay?
Where you'd go, let's just speculate here.
And same thing with the whole Iran thing, right? Where it's like, all right, we have, let's wait until something is resolved. And then you get the last quarter and then you have a two week month correction. Right. Like things don't we should not expect any the we shouldn't expect or at least I don't expect for macro driven headlines to to align the way we think they should align.
Right. If anything that I learned, I think about it a little bit differently. I think about, all right, those type of things are good for like mini blow-offs into like an end of a local impulse, thinking about it from an Elliott Wave standpoint.
But also, you know, that's when people, if you start leveraging up or start getting in the market, the market's going to then humble those people.
The time to get aggressive was April.
The time to get aggressive was April when nobody wanted to.
When nobody wanted to.
This is the easy part.
I actually have been levering back up. I told some of my subs five, six days ago where I saw a view where we could do what Bitcoin is doing from
our highs last month. It said, look, if that's the case, I'm taking this leverage that I
put on in mid-April. I'm taking the initial capital out. And if this happens, right, I'm
going to be ready to do something about it. And it kind of happened. And so I've been, I put that back to work starting six days ago and culminated today. And so could we go lower?
Sure. But I think we're near, near, near an inflection point here. And I'm not waiting
for any news. That's why I'm sharing this is to share the way I think about these types of things.
I am not sharing.
By the time the way I'm thinking about this,
that type of news or resolution comes out,
like I'll probably be a week within selling that exposure,
that leverage exposure,
if that makes any sense and then letting the spot continue to ride.
So my view on the way that stuff works is a little bit more cynical
today than it was maybe six months or a year ago but um yeah that's the long-winded answer
it feels like with a lot of these macro um headlines it's sort of like the way tariffs were, really.
I'm just waiting for a massive volatility event to the upside or the downside.
I don't really think this summer is going to be muted as people want.
There's this notion where we've been conditioned over the last few years, at least in crypto land,
because usually the summertime for the equity markets are a bull market.
We look at 2018, 2019, 2020, 21, and even 2022 from June when we bottomed all the way
to August.
That was a huge, huge gamma squeeze.
23, 24, equity markets are always raging in the summertime.
But in crypto, it's often muted.
And we haven't really seen that.
There's been opportunities abroad and also crypto-related proxies in the equity markets as well, with the latest one being Circle.
So I'm excited.
I'm more than anything entertained.
Yeah, I'm excited. I'm more than anything entertained. Yeah, I like that.
I like that line of thinking, Wabi, is like conditioning, right?
Like that's kind of the narrative where I do see a lot of – there's two things I see a lot of right now which are incredibly bullish.
One is like from the pure Elliott wave folks, like we need another leg down.
Like this is like a 1-2 correction and there's a C wave that needs to come down.
Go look at any major inflection point when Bitcoin made its move prior to impulse.
There is no clear Elliott wave count rules are violated all day long.
I'd be happy to do that with anybody, which is great because, again, that's the market
and the algos knowing what people looking specifically at waves are looking for.
And then to your point, I see people saying, yeah, it's Q4, right?
It's Q4.
Okay, great.
So what do we do?
You just wait until Q4 because that's the most bullish time of year.
Whereas the charts are screaming, like Donnie was saying, the charts are
telling us the opposite. The charts are telling us like, it's here. Like you're in it. It's not
supposed to feel like it's time, right? Like the prime example is the, that the top a month ago,
right, was looking fantastic. It was looking fantastic.
Now it looks like shit if you're looking at low timeframe charts.
It's the opposite.
But that's what you want, right?
You want it a key inflection point.
You want it to look the most bearish on low timeframes.
And so that's what it's.
I think the market is conditioning people right now as we speak, enticing shorts, getting people.
It's like the whole, oh, no one wants to hold risk over the weekend. I want to hold risk over the weekend.
What are you kidding me? I want to do what people don't want to do. Right.
Like that's why I added to some exposure today using some calls.
And so like that, that's kind of the way I'm thinking about this thing. And so I
think I'm thinking the, the, the same way you are Wabi is that the next, you know, and, and don't,
let's not forget July, the seasonality is really favorable in the next few weeks here. And so a lot
of things are aligning. Um, not that we couldn't go lower, but, you know, zooming out, a lot of things are aligning well.
Donnie, I saw you throwing some emojis, man.
Feel free to touch upon anything that you wanted to, man,
as Kush was talking.
I was just vibing in the chat, bro.
But, yeah, pretty much agree that i just believe this chart's set up for
a squeeze higher like every single uh high that we've put in locally here i'll just share another
chart uh today's post that i made we keep going higher and then rejecting right but as you can see
you're clearing all of the downside wicks which are basically just points of liquidity building up. And that's typically how market makers fill long positions, right? They go into these liquidation cascades to the
downside, they've got buy orders set there, and they're filling massive buy positions, right?
You can see those green dollar signs that I've put above. We haven't taken any of those highs,
they're all just lift, untapped highs, right? For a squeeze higher
after this local accumulation is complete. Again, there is one more low at 100.4. You don't have to
take it. And you could go into that 98k demand zone below to also fill a wider accumulation if
more time is needed, right? I'm not a market maker. I'm not the person that's moving the chart.
I'm just telling you this is how they're laying the chart out
and it's for a squeeze higher.
So it's honestly, to me, it's inevitable.
It's just a matter of when.
And I think the timing perspective
makes sense from any day now
all the way through to like mid-July.
That seems like the most likely area
for this chart to actually squeeze higher.
And now the lowest point on the chart
to actually start cascading to the upside is this recent high that we just put in at 106.5k. So if you start
squeezing above that, it's literally just liquidity trigger after liquidity trigger all the way to the
all time high. So yeah, just literally just got to be a little bit more patient. And I think it's all going to unfold nicely. I still do think that if the
US and Iran situation does start with a violent solution, it is going to actually cause a drop
on the chart. It's just too much of a geopolitical event for people not to panic sell their bags,
essentially. And what I've been saying from, well, looking back from basically when the ETF was announced
for BTC is you've had endless shakeouts, whether it's geopolitical conflicts, right?
World War III, the SEC chasing companies, the list goes on and on.
Ever since 22.5K all the way until now, you've had consistent shakeouts where retail is selling and bigger players are getting into the market and absorbing their sales.
So you're just seeing that again, right?
And I just believe that all of this is just done by design.
And you're seeing which kind of new market participants are wanting to enter at these prices now, right?
It's the people that actually move markets. Institutional bids, BlackRock clients, things like that.
So again, it's just another opportunity for them to capitalize on shaking people out and filling their own buys.
So I do think if you do have that escalation, you're going to see probably 98k, which will get bought back pretty quickly.
I hope we
hit those levels brother i really do man because i know that i know what that would mean for alts
bro btc moves down to three percent alts get hit 10x more man yeah are you looking at buying some
stuff um i'm looking at hype at like one the is, I'm not really looking for like super, super risky on chain stuff as much
like for hype.
I'm looking at 30 bucks.
Uh, one more time SPX, I'm looking at like 95 cents.
Um, and then like the stuff that I'm looking at E ETH on chain, uh, they all have like docs,
founders and all that stuff.
And it's just AI plays, but, um, I'm not really looking at anything that's like super, super,
super, super highly speculative launch like a day ago daily runner.
Like I'm not, I'm, I'm looking at things that have trended uh while btc moved up lower time
frame like if if it didn't have any sort of trend um over the last few weeks and i'm just like
i'm not gonna touch it but that's kind of where my head is at far coin uh i'm looking at like a double bottom as well, like 85 cents, potentially as low as like 70 cents.
And that's if we get like a major flush, honestly, because no matter what the U.S. does, whether it's violent or nonviolent,
the market is probably going to take off risk ahead of that, especially with the tariff stuff that gets resolved in the first
week of july but i am in agreement that like we're we're time wise um the time for that next
leg up is coming a lot quicker it's just lower time frame um i'm just expecting a little bit
of a flush to be honest and looking at things like solana solana
looks like it's in a bear market to be honest um look it looks so so bad um and then i look at
the thing with crypto though anything can look bad right just like how eth looked terrible
and one market maker candle to the upside,
and the narrative changes.
All of a sudden, as we've seen, the tech is good,
all this kind of stuff, and oh, look,
all these things are coming up for this asset.
So you should never deter yourself from buying something
if you do fundamentally like it,
just because the price action has been weak,
because it will flip strong if the conditions in the broader market also flip,
which I think they're set to.
Sol is literally going to rip
if we get these market conditions,
which we've discussed, right?
BTC breaking above 120k
with a weekly close above 120.
ETH BTC going above 0.03.
ETH crossing 3.4k, all of these quote-unquote alt season triggers and Bitcoin dominance obviously rolling. If you get that, everything is going to
run very, very hard as people start rotating out of BTC or just going for higher beta as the
environment just is massively in favor of risk. Can I just say too,
it's really funny and ironic that right after we get this flush on Bitcoin and on alts and we see
a large amount of liquidations happening right now. Just as we got that,
now we're getting news of, you know, Feds, some of those at the Fed, you know, we're hearing
whispers about rate cuts in July that could start as soon as July. We're hearing, you know,
that the tariff deals are starting to be resolved in some way, shape, or form.
We're seeing Iran being open to a peace deal.
I saw that, I think, just an hour or two ago.
So I just find it funny that while we're having all of this, while we're having this mini melt, I say meltdown, but really price
hasn't really moved anywhere. And I'll get to that in a second, but it's just so happy. We see all of
this happening yet. There's still a lot of bullish news, bullish catalyst, bullish tailwinds for the
market that we still have yet to come. And, you know, I just find that
it's funny how, you know, everyone's losing their mind. And at the same time, Bitcoin really hasn't
done anything crazy. It's literally consolidating below all time high. Nothing has changed.
And, you know, when we start losing real levels, I mean, that's when we can get concerned. But as long as we don't go, honestly, below like 75K or so, I'm not really worried. Obviously, if we get down there, you know, who knows where if our bags nuke and all we're doing is just retesting, you know, 102K on Bitcoin, I mean, well, you know, that means something catastrophic for the altcoin
market. But as far as, you know, more upside for Bitcoin, I still think it looks like it's in a
prime position. It looks ready. And the chart that I'm really paying attention to is Total 3.
Total 3 looks absolutely ready. It looks like a rocket ship. And I find it
interesting as well that Total 3 hasn't made new highs, hasn't made new all-time highs this cycle,
whereas Bitcoin has. But typically, it's towards the second half of the cycle where, you know, altcoins really start to really start to take shape.
Yes, we've seen, you know, on chain kind of risk on seasons happen across different ecosystems, different narratives, et cetera.
But, you know, in other words, in my opinion, altcoin season has basically already started.
season has basically already started. We've pumped almost a trillion dollars, I think like 900
billion almost since the bottom in 2023 or late 2022. And that's just about as much as we pumped
into the altcoin market last cycle. But obviously there's broader adoption. There's institutions involved. There's regulatory tailwinds that we have. And I think that the biggest tailwinds with an S that we have are still ahead of us.
I think one to really double click on is the market structure bill. I think the stablecoin
bill was bullish, but the market structure bill is going to be something very, very big
for markets, putting up guardrails that needed to be in place. And now it's just going to give us,
again, more rocket fuel for altcoins. We're already seeing the appetite for alts with the treasury vehicles.
We see them doing treasury vehicles for ETH, for TRON, for Solana.
So there is appetite for risk in crypto.
And I think that will only intensify as time goes on. And it just so
happens that the total three, the total three chart looks like looks pretty insane. I'll throw
up the chart up ahead on the on the nest, just to kind of give you guys an idea of what we're looking at. But that's really what caught my eye the most.
And that's what tells me that we still have so much left in the tank,
in addition to everything that Koosh and Donnie have said so far.
But at this point, it's just a matter of positioning.
That's really it, position and patience.
And we'll be there sooner than many think.
But for active traders, I know Koush isn't that active.
I don't think Donnie is active, but for anyone kind of actively trading on chain,
there's going to be tons of opportunities, you know, for us in these
months ahead.
And, you know, I think right now it's just, you know, it's prime opportunity to get involved.
If you like miss this entire cycle or you just got started or what have you, this is
the time to, you know, to sort of get exposure to the market.
sort of get exposure to the market basically you know pick your horse
Basically, you know, pick your horse.
hey till i'll tell you what man that ray chart is uh pretty clean brother um i'm hardly i hardly
ever keep up with uh with all coin charts for more than two quarters but and things on base really do uh trend a lot
cleaner than things um on soul i feel like soul right now is where eth was in march of this year
um like you're starting to approach uh a bottoming out process as far as like sentiment is concerned.
I feel like soul sentiment is just so piss poor and that's reflective on the chart.
But we saw what ETH did, man, from April until now.
It doubled off of the lows.
And I feel like if we see a massive cascade on soul,
probably, I think it's probably probably gonna come when that pump fun token
comes out that probably marks a low uh for seoul uh for the rest of the cycle really i'm not sure
if it's gonna be a higher low at like 110 or 120 or if it makes new lows i'm not sure
but i'm also paying attention to the equity markets because, man, things are euphoric there.
You have good new all-time highs, circle new all-time highs.
And Cryptoland is just like the opposite of that right now.
And it looks like Seoul wants to accelerate, but I have no shorts on whatsoever.
I still hold some risk also, but we do have some people that are requesting up, so I'm
going to bring them.
But before I do that, bro, my dog Cool, he's up here on the panel.
Cool, man.
I haven't spoken to you in many, many, many months, bro.
You're getting absolutely jacked, bro.
What's up, man?
The king of the vibes cartel, man.
Yeah.
Absolutely yoked, man.
Yeah.
Yeah, Wabi.
I have to apologize, man.
I've been... We host
shows the same day, man. That's the reason why
I haven't been done. But I'm in Jamaica
right now, man. I'm in Jamaica on vacation.
So, I'll be back.
You and Cool do something
that a lot of people in crypto
don't like to do, which is take time off
and go on vacation, man.
Bro, bro.
You got to, man.
It's needed, bro. Like, yo, just imagine
for the past year
and six months,
I've been doing shows Monday through Monday twice day, for a year and a half straight.
No days off, man.
So, you know, it's good to take a break, man.
It's good.
But no, no, no.
It's good.
It's good.
Even though I'm on vacation, I'm still kind of clicking some stuff here and there.
But I do agree with what Chil said, you know, with the markets being.
I just think it's summer vibes, man.
It's summer.
Like, people forget that.
During the summer, we normally experience, like, the interest in markets kind of die down.
But considering where we are now, it's not that bad, in my opinion, man.
You know, with the whole war thing going on, all this stuff going on, to me, the price's not that bad, in my opinion, man. With the whole war thing going on,
all this stuff going on,
to me, the price is not that bad, man.
The ETH is $2,400 right now.
So my now is $140.
Bitcoin is $103.
Not that bad.
We're in July right now, man.
July is here.
I'm sorry, June is about to end.
July is coming.
We're seeing probably, you know,
summer ends the end of August.
I think things probably pick back up to where they were similar to, you know, January, February.
I'm seeing probably late August, beginning of September.
But this is this is summer, man. Summer numbers are normally like this.
Like it seems really bad.
It's not that bad compared to where we were
like the past two, three, four years, man.
So I think there's still opportunities here right now.
As you guys know, I'm sure,
I'm sure Wabi has seen me tweet all the time,
but the InfoFi meta is where I'm really focused on right now
with a lot of other people,
the whole Kaito and Wallchain, all these InfoFi stuff. That's where I'm really focused on right now with a lot of other people. The whole Kaito and Wall Chain, all these info-fired stuff,
that's where I'm heavily focused right now.
But, yeah, man, to me, bro, overall, the markets don't look that bad
compared to where they used to be during summer.
Because during summer, we all know, I don't know if it's happening,
the whole selling man, going away stuff, I don't know.
But based on where we are now, things are not that bad, man, in my opinion, though.
Not that bad.
Last summer sucked.
It was so bad.
Exactly.
Exactly.
Exactly.
So these numbers get to me.
I'm like, bro, like the past.
Okay.
So right now in the past 60 days, Bitcoin is still up 19%.
In the past 60 days, Bitcoin is still up 19%. In the past 60 days, ETH is up 53%.
In the past 60 days, BNB is up 8%.
Solana is up 2%.
So, if you bought three months ago, you're doing pretty good, man.
Past 30 days, 30 days will be different, though.
30 days, Bitcoin is down 4%.
ETH is down 3%. days bitcoin is down four percent eases down three
percent uh xrp is down 10 solana has the biggest drop of them of them all down 17 percent doge
coins are taking a big hit on the past 30 days um but hyperliquid has been killing it jesus christ
in the past 60 days hyperliquid is up 91 percent in the past 30 days hyperliquid is up 91%. In the past 30 days, hyperliquid is up 21%.
So hyperliquid has been killing it basically past 30 days and then past 60 days.
But I just think overall, it's not that bad.
If things feel horrible right now, I would say you have two options.
It's either you're buying the dip or you just sit on
your hands and just go on vacation man just do nothing because i just think these numbers don't
look that bad to me compared to the normal the normal summers we normally have and i think it
could be because of the whole etf stuff etfs change the game the buying pressure from these big money bags man it's no joke man we're having
circle going crazy in you know right now are we having uh uh oh yeah the the the news the
macro news i've been saying this for the past three months this is the most bullish market
we've ever had in crypto history even though price hasn't hasn't hasn't really reflected that bullishness but the macro is
spectacular right now but just unfortunately price has to catch up eventually so but yeah
good to be here uh wabi like i said you i hope to say this other i host my show the same time
as you so i've been able to come i'm in jamaica right now so i thought man let me jump on on the
show real quick
We will be before before I get back to us. So well, it is all good though. Jamaica school
I'll stay a lot of a lot of Americans. I just make
Probably 90% of the people that I see at the resort. They're all American men
So people are people in during their lives, man
So so I recommend you you make that money in crypto go on a vacay for like a week
just go touch grass man you need it
uh i'm sorry guys
X just closed on me
You guys able to hear me?
Yeah
Okay
Cool was speaking
He just finished up
Cool
Have you had any
Any pumpkin rice yet man?
Yeah
We had some
Drug chicken bro
Drug chicken and some
I think
What's the other one? They like He like plantains there So Drug chicken and some uh i think what's the other one they like that
hella plantains there so drug chicken and plantain is what we've been eating all day
no i know bro yo oh yo bro i'm just chilling bro just like i said just staying at the beach
drinking with the family we it's me and my my uh high school friends and their family we came
it was like 20 of us, man.
So it's a big, big group.
So we're just partying, drinking, chilling, man.
I'm just enjoying life right now.
I'll be back, though, next week.
That's what's up, man.
Thanks for coming up, man.
It was good hearing from you.
Guys, we are coming at the top of the hour.
So usually on Fridays after we've been streaming for just over an hour,
I like to bring up a few people.
So if any of you guys here in the audience want to come up, talk your book, talk markets,
tell us what you're seeing in the markets, maybe something that you want to point out
to the panel, feel free to hit that request button, hit the spaces tab.
And then once you do that, there should be something at the bottom left with the little
mic that says request to speak.
And I'll bring you right on up.
So before I do that, Koush or Donnie, is there anything else that you want to say before I ask the individuals up on stage what they want to say?
Anything else that you guys want to point out?
Maybe something to touch on?
No, man, I'm good.
All right, I'm going to bring up Egyptian. Egyptian, what's up, man? How are you? point out maybe something to touch on no man i'm good
all right i'm gonna bring up egyptian egyptian what's up man how are you
uh egyptian your ad handle is egyptian holder uh what's going on man you're uh you on mute, by the way, if you're trying to speak.
Alright, he's not saying anything.
Ciro, what's going on, man?
Alright, I'm pretty sure they're inactive right now.
But if no one else wants to come up to request to speak,
I think this is a nice place to wrap up.
I don't really have much more to say,
but I want to thank Koosh and Donnie and Chill and Cool
for coming on up to Talk Shop.
Thank you all so, so much much in case you guys are new here
and you've enjoyed the stream over the last hour we are because bitcoin we're an online financial
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recently we have caught the opening tick of circle well not opening thick but
the opening day of circle uh between 85 to 100 bucks doing quite well on that caught the bottom
on hyperliquid far coin have done a few things on chain as well so if you guys are looking for
a group that has a little bit of edge and more than anything a loyal community
feel free to join so I want to thank you all so much for tuning in to today's stream of market
talk hope you all have a fantastic weekend we'll see you all on Monday bright and early for market
check on YouTube then of course later on that day for our spaces market talk so this is wabi
i'm signing out guys i'm gonna go ahead and uh get my steps in then go for dinner so thank you
all so much shout out to my lord and savior jesus christ for allowing me another day of health you
guys know that i was uh sick a couple of weeks ago and I was out for a minute, man, and I was looking pretty rough.
But thanks to the big guy upstairs, I'm doing all better health-wise.
Got a few things to take care of IRL, but I'll get through it, man.
I'll get through it.
Never give up hope, guys.
Never give up hope.
Always keep on pushing.
There's always a light at the end of the tunnel.
And if you guys are going through anything right now, feel free to reach to a friend always speak up never never bottle things up man that's uh that's
not healthy but uh i want to thank you all so much for tuning into the stream thank you thank you
thank you take care everyone space is recorded as always thank you to koosh thank you to donnie
thank you to cool thank you to Chill for tuning in.
I'll see you all on the next one.
Take care, bye-bye. Thank you.
