Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
Post FOMC: Is The Pump Real!?
Recorded: March 20, 2025 Duration: 1:07:17Space Recording
Short Summary
In today's Market Check episode, the team discusses the latest trends in the crypto market, including the potential impact of Donald Trump's speech on crypto prices, the resilience of Bitcoin, and the emerging narrative around a possible Litecoin ETF approval. With insights into market dynamics and trader sentiment, the conversation highlights both growth opportunities and critical perspectives on current trends.
Full Transcription
Good morning everybody and welcome to today's episode of Market Check brought to you by
B.B.
There is no second best daily YouTube live stream to talk about markets.
Welcome guys.
Happy Thursday, March 20th.
I always feel like Thursday is such an underrated day of the week.
Maybe you can relate, right? It never gets the love that a Friday gets,
but to me, I often find them just as enjoyable.
But welcome guys.
I'm Tommy, you also know me as Snorlax.
I'm joined by Tucker, Chef Jack,
it's gonna course Prometheus.
What's up guys?
We're going to have a great show for you all today.
Going to discuss some of the recent moves in the market, obviously where we think the
puck is headed and even the fact that we have, I mean I think it's only like a five minute
webinar but Donald Trump will be speaking a little bit about crypto today.
So we'll see if that has any impact on price.
But before we can dive into the charts, before we can dive into the market a little bit more depth.
Ask you guys very nicely today to hit that like button for us.
I can't even remember the last time that we showed you the soybeans chart.
Some of you might be thankful for that.
Some of you might actually miss the soybeans chart or random obscure commodities that we
happen to put on the screen.
But I guess comment whether or not
you missed the soybeans or not,
but either way, we're gonna have a great show
for you all today.
Please hit the like button for us,
because as always,
you help our channel grow significantly when you do.
But yeah, talking about the market,
I think, I mean, equities have kind of flipped
from red to green.
I'm sure that shop that
we're seeing is probably not over on a lower timeframe. Maybe it is. Crypto, obviously
kind of pulling back from the pump that we had yesterday. I think it's probably a product
of positioning largely in conflict where you had FOMC. Now you have Donald Trump speaking later today.
People are probably getting long.
Maybe they're getting flushed out.
It's anybody's guess really.
On a higher timeframe, I don't know that FOMC yesterday
was the most bullish thing.
Even though, right, Jerome Powell saying nothing of note,
on a short term basis will probably cause some hedges to come off the
board and for that reason, I kind of think that our most obvious path from here over
the next week or so is likely higher prices, but that is something that we will discuss
of course.
But yeah, I really think what we're seeing right now is a lot of pullback from yesterday's
pump.
Like I said, we'll see kind of how it materializes over the next week or so.
But we are seeing, I think, some strength from a few altcoins.
I do think that will be worth discussing as well.
Are we potentially just lagging equity markets, which like I said, went from red to green,
or are we potentially leading them?
I think that's always been like such a golden question
and the relationship between crypto and equity markets here.
But I will say, I do like to see something like the VIX
coming down pretty materially thus far,
which is largely a result of those hedges.
And of course, I would be remiss if I didn't mention
tomorrow's OpEx, which has quite a heavy put put skew so maybe we see a little bit more freedom from equity markets starting
next week.
I guess we'll see.
But what are we seeing in the markets guys?
Do we have any expectations at all for Trump speaking about crypto later today?
I know the last few times that that has been the case. Price has nuked very shortly after, but I
tend to think the positioning into this one is a little bit different than the last few,
right? I distinctly recall things like the Bitcoin conference, obviously. I think Trump
speaking about a strategic reserve. The market was overwhelmingly long into these events
and I think the market has not only washed out a lot more leverage but things like implied
volatility are trading much, much lower than they were for those events.
So I guess we'll see.
But I do think positioning is starkly different from the last few times.
So maybe the headline's not important as we always say it's always more about positioning
what are we thinking about the markets today guys i'd love to know uh what you're seeing
i think trump already spoke if i'm not mistaken actually i think he just addressed
yeah what did he say i guess i don't know i didn't i didn't watch it. I think he just spoke. I think it was just a short little excerpt to address that.
Five minute thing. Yeah.
Trump's pink Trump speaks about crypto and crypto.
Bros don't even watch it.
Just pump the price, bro.
But yeah, I didn't watch it either.
I mean, I would just say as long as we're not giga nuking right after the fact, that
in itself is kind of a change in tendency, right?
Yeah, I think I think we sold off.
Yeah, we'll see. We'll see. I don't know. I mean, I guess he said nothing. Like, did he even announce an announcement?
No. So he I just watched it. He just basically said, we're holding on to the assets that we see so far, we're not going to sell them. Biden sold some of them, and it was a mistake to the country.
And that was basically it.
So he said, we're America.
That's basically what he said.
Cannot pass on an opportunity to Hayden Biden.
And he literally can't help himself.
It's funny.
Aliens attacked us.
Oh, but it was Biden's fault.
I don't know.
I don't think this looks bad here though, guys.
I really don't.
I think if you clear like 87, you're pretty clear up to 90 at least.
You clear 90.
I think you're pretty clear up to 90 at least, you clear 90, I think you're pretty free, but
that's just what I'm seeing on Bitcoin. I think these highs are kind of juicy to get rated, you know?
Yeah.
We'll see what happens.
I'm really liking the way BTC is holding. I think it's creating a nice base here,
and it's showing good resilience.
Obviously, bottoms take time to carve out,
because it's time that forces people out of the market
lots of the times, not just price dropping,
but spending the time down there.
But I'm really liking what I'm seeing.
I think this is a good potential future base for the price. But we need to give it time, you know, just like any significant market bottom. Even if you look at August 5th, right, you get the
scary August 5th drop, then you get the bonds, but then September, October happens and it's not until November before we see new highs.
So give it time, but so far looking very good.
Yeah, kind of like what you're talking about kind of reminds me of like just this process, right?
Like you probably just need to.
And I hope and I do not think it's that long, but something in that regard.
It's likely not that long.
Yeah, I think that's something that a lot of people kind of get tripped up on with the markets is the amount of time that it often takes for these plays to, you know, for it to actually happen. And everybody talks in terms of straight lines and, you know, straight to here,
straight to there, straight up, straight down.
But I, I'm definitely in the camp and leaning more and more to the side that
we're probably bottom tier.
Um, or if we do sweep that, like 76k wick or that low,
it'll be pretty quick and that will be the bottom.
But if you lose like 73, in my opinion,
it's, you know, we're talking a different story.
So I'm just gonna keep my eyes on like two levels right now.
And that is like that 90k region on the four hour.
You can see where
we rejected pretty hard from there and then to the downside you know I'm kind
of keeping my eyes on like the 82 level want to see like those see how we react
to those two levels I think MSDR is giving us a good lead indicator.
If you're gonna look at MSTR,
it's sort of already breaking from its downtrend.
It's not going to be precise,
but you can sort of draw a wedge there, Tucker.
Or downtrend on the upper side of the local move.
Yeah, pretty much.
Maybe you can polish it just a little so that it touches,
you know, that little swing on lower timeframe
that we just had.
Yeah, sort of like that, exactly.
And you can see that MSDR usually does tend to lead these upsides, or at least when
we are carving out the bottom.
It's staying stronger than the original asset.
And one thing, there's always a thing
where we are debating whether it's good or not
if beta gets a bit harder than the alpha?
Well, in this instance, I think it's slightly different
because when people bit MSDR, which obviously is happening
for higher outperformance, they still go and buy SpotBTC
with it, which is a big difference versus
to what happens with Ys and Beta.
So for example, as much as we all love our beloved frog,
when you buy a frog, frog doesn't go and does not
buy Ys Spot.
I think that's a shame, but it's just how it is.
Or I would say it's better how MSTR has that relationship
with BTC, because you always need that alpha coin
to outperform still.
Yeah, MSTR looks pretty good here.
It does.
It's holding really well.
And I think if MSDR manages to reclaim 340 with a solid stay above, then I'm having a
hard time not seeing this continue, you know, to new highs, basically.
Yeah, that looks pretty good. Tommy, what's our volatility take today?
I mean, I just think you're probably going to see the VIX more or less downtrend for the next few weeks, probably until like April VIX April expiration, April OPEX.
That's kind of what I'm thinking.
I mean the skew on puts is obviously very high as we've said so people are
pretty well hedged. There's gonna be that natural pressure on the market likely
until tomorrow's close.
I mean maybe we start to see them lift price a little bit but I don't think you're going to see a real rally
in equities probably until next week.
But yeah.
What do you see with Apex?
I think you basically have,
Apex is probably like a week or a few days after
that vertical you've got drawn,
but I think the expiration is basically around Good Friday
or like the middle of the week of Good Friday.
Okay, so you think this and the here and then?
Yeah, I mean, the important thing to remember is that it's not just like a normal monthly
optics. It's a quarterly optics, right? So we've got positioning from January to March built up.
Obviously, how have equities behaved
from January to March?
They've been flat and then they went down like 10 to 12%.
So that pressure is still in the market, obviously.
Quarterly's come off tomorrow.
Yeah, exactly. Oh, okay, I thought you were saying April tomorrow. Yeah, exactly.
Oh, okay.
I thought you were saying April was, okay, my bad.
No, tomorrow will be March OPEX.
I think you'll probably see a little lift in price
once that is kind of out of the way.
I mean, this is the window that Chem has been pointing to
for a while now.
So he said there would be pressure into the end of March OPEX. Mean, this is the window that Chem has been pointing to for a while now. So
He said there would be pressure into the end of March OPEX
We got the downside move it just makes sense that we see that continued pressure on price
Given the put skew that we've seen
Much talked about on finn twit and fend to it.
Vladislavas and Dick says that maybe like MSTR, and maybe you can guys answer this too before me.
What do you think of it?
That we might have a top where MSTR doesn't make new highs anymore while BTC does,
as it happened in 2021. What do you think of it right here?
I think it's probably more likely than not. I mean, just from a pure valuation standpoint,
like the NAV that MSTR was getting when they first announced that like $50 billion Bitcoin
buying package that they were going to buy Bitcoin with is the premium they were getting
on their stack was ridiculous.
They're almost getting like a three nav, which for most people to understand, if Bitcoin's at $100,000 and MSTR is trading at a NAV of three,
that's implying that MSTR's Bitcoin stack
demands a premium of $300,000 per Bitcoin.
For MicroStrategy to reach those valuations again,
or to even get to the same price level, well, first of all, I don't think it gets to those valuations again, or to even get to the same price level.
Well, first of all, I don't think it gets to those valuations again.
And second of all, you need BTC, in my opinion, to go absolutely ballistic
for MicroStrategy to reach that target.
I mean, what we saw was a textbook blow off top.
I mean, you saw it go straight into a parabola. And I think it put in like a 30% or 40% daily candle
or daily gap up on the open.
And then just immediately sold off.
I would be very, very shocked if MicroStrategy
makes a new high just from a valuation standpoint.
I would be very, very shocked if MicroStrategy makes a new high just from evaluation standpoint.
You guys.
By the way, you muted Tucker, if you were saying something.
Oh, I'm muted. Oh, man.
This whole time.
I don't think I said too much, but let's see. I mean, so, okay.
You think that MSTR is leading here a little bit Jack, is that? I think MSTR is leading.
Yeah. Do hood and micro strategy look similar at all? I'm just kind of curious because I'm
looking at that MSTR higher. Like that looks a little blow off topic.
Yeah, that was where Robin Hood could then mark to market its crypto holdings, I believe, on this most
recent earnings. That's why it went up so much. And then the market was like, oh, we
probably already priced this in. I don't know, but Robinhood's holding up really well here.
I like that we bounced off of like $33.50 and came back up into that like $40 region
where we had that previous range, little range at. I really like Robinhood here. And I think Robinhood
could maybe even outperform MicroStrategy, believe it or not.
even outperform MicroStrategy, believe it or not.
Well, if any or take MicroStrategy doesn't make new
highs, then Robinhood is likely to outperform.
Yeah, I just don't see like...
Like you probably you probably do not have one without the
other. I do not think you have a urban hood pumping the new highs
and micro strategy doesn't.
Well, you also have to look at, I mean,
from a chart perspective, they look extremely similar.
I mean, that's, I mean, you just can't deny that.
But from a like marginal line.
I wouldn't say so from this.
I think they look pretty similar.
This low though, right?
This low didn't, you know,
this came all the way down here.
Well, right, but I mean, if you think about it,
like from a marginal buyer perspective,
you literally, I don't see who's stepping in
and what catalyst MicroStrategy gets
that's even more bullish than what they previously had.
Whereas Robinhood, on the other hand,
I think could potentially have a lot of upside
from an adoption perspective.
MicroStrategy had its cold parabola, you
know, blow off top where I don't think Robin Hood necessarily
got that. And I don't think either they necessarily go hand
in hand from a chart, or from like a price perspective of
whether or not, you know, micro strategy can't make a new all
time high. So Robinhood won't.
I think Robinhood could potentially have catalysts in the future that will drive price much, much, much higher. Or micro strategy, I just don't see where that's at.
Well, I totally agree with the fact that I think HOOD didn't really have that parabolic
upside yet.
And I also would say that Robinhood definitely have a much better longer term perspective
where it's an exchange where it's...
You would assume that its valuation will be derived from the revenue it brings
based on people trading on it and such, plus it's not directly focused just on Bitcoin.
I agree with the fact that MicroStrategy doesn't run higher probably, but
the the
the the Not necessarily. I mean, SolVBC got destroyed.
I mean, maybe if it's like there.
You know, but yeah.
Now they're not that similar. I was just kind of curious.
Because I mean, these have been the two. It's like Jagger said, these have been like, obviously, MSTR is Bitcoin
beta, but soul has been the crypto native expression of a beta to Bitcoin. These are,
these are kind of like the same asset, obviously, you know, that's a egregious oversimplification,
but people buy them for the same reason. At least originally, right? I mean, I guess you buy
Sol now a little bit more to shitcoin, but you could also kind of co-align that change in
narrative with when Sol VTC topped. This is the hood versus MSDR chart. So that shows that MSTR appreciates more,
but we can for sure see some slowdown.
And I would agree on the part where I think,
you know, I think MSTR is probably having like one last,
one last spotlight,
whereas the longer term bull case stands on the hood site.
But locally, even from the chart perspective, I, you know, you could say
like, Hey, this can turn out to be a potential inverse head and shoulders.
While I would view it as we have a downtrend, We just had a local range spike and a pullback here
is rather gets all the further.
But I think it might not be that quick,
but maybe something like this.
Who knows exactly?
But I think this pair is bearish for some time anyway.
And that still stands to me on a micro strategy side then.
But then I think this could start to carve out a bottom
and then there is a longer term perspective for,
better long-term perspective for a hoot.
better long-term perspective for a hood.
But it just might take.
No, I like it.
I think too, from a long-term horizon and a long-term outlook,
what we've seen from retail and just like your average,
just from like a regular person, kind of
leaning in the adoption side and leaning more into like financial independence
and trying to find financial freedom.
And I think that just becomes, you know, that compounds and becomes more and more
and more prevalent over even the next five to 10 years where, you know, in a way, 2017 and 2020 were
like a Renaissance period. And you're really going to see, I think a lot of people, especially
in, you know, the younger generation stray away from the typical, you know, financial
advisor, target date fund, yada yada, and Robinhood is a prime benefactor
of that kind of dynamic applet.
Yeah, no, I totally agree.
I think the bull side longer term
is definitely on the hood side.
So yeah, I just think locally,
I think locally Micro micro strategy will have that first run up higher,
get that spotlight, but that will sort of be its last as well.
And then the longer term will favor hood.
Did you guys see that we just got an application for an NFT ETF? the suppose a Litecoin ETF approval. I still think that's a very underrated narrative that nobody is talking about
right now, that there is a 40 to 50% chance of a Litecoin ETF approval before
July.
I feel like so many talk about it.
And I actually think like so many people cannot shut up about
the Litecoin ETF. I hear it all the time.
And so far, if you look at the price, it's still, you know,
like what?
I know, I know.
But why can't this do something
like what Cardano did, Jackas?
I'm just not seeing the bull case for Litecoin, man.
Like what role does it, And again, LTC itself
is amazing, but it's just a weaker, lower brother to Bitcoin. And there is really no use case to it.
So Tommy, do you think that... Because like what I would foresee with a Litecoin ETF
would be very similar to an Ethereum ETF
where you just sell straight into that news.
Like you buy for the upside of the announcement
and you sell straight into it.
Now, Tommy, do you think that you get
further bullish price action from a listing?
I don't know if you get like a bullish price action from a listing? I don't think I don't know if you get like a
bullish price action on a listing but maybe if you get an announcement
into a period where alt BTC is outperforming
it's just kinda one of those things where
you have a lot of I mean there are way too many tokens right now
but I think at the same time if you can get a real reason for attention to gravitate to
one asset or a few assets, the likelihood that they will drastically outperform others
is definitely there.
I know it's just like, damn, I have to buy Litecoin or maybe I have to buy Litecoin.
It's a pain in the ass to trade, but it has a narrative that I think
could redirect attention towards it.
I think for me, I mean again, I know I'm kind of in my own camp here that is viewing the
current at least ranging structure that I think we're about to carve out over the next
few weeks, more than likely as a high timeframe frame complacency shoulder but I don't know I
mean I think if all BTC is gonna pump how many narratives are actually
attracting attention again so that they can outperform Litecoin at least has a
narrative that I can understand why people would bid it but we've talked
about these Dino coins pretty recently, the potential
for them to outperform for a few different reasons. But I will say the biggest reason
I have for skepticism with Litecoin is that the LTC BTC chart does not look nearly as
good as the XRP BTC chart did before it really popped off.
Yeah, I mean like I think outside here was Prometheus where I think there is going to be a pump
or like Vizuto Mettur, right? Like if that ETF goes through a pump, but that's about it, right?
Like, what else is there?
So looking at the naked chart, my first impression,
you come back down here, ETF comes in.
You may be even, you get some extension of the pump, maybe,
but that's about it.
I do not think it has more than that.
I still do not see how LTC in its current form, this is very important to say,
in its current form, how it does something more than an ETF pump, honestly.
Yeah, I mean, I would just be looking to play it for an ETF,
not a long-term hold. Um, I mean, that's,
that's how I'm probably approaching it, but it really is just like, really, man,
I have to buy, I'm thinking about buying a light coin.
I'm not going to lie. Hello, by the way, everyone.
What's up, Tim? the and I feel better now but I just joined and saw Tommy bull posting Litecoin and I think I feel well. What are you talking about, honestly?
Just my schizo lines, man.
God.
Tommy, I might have to appeal you on Bitcoin SV, man.
I might have to appeal you on Bitcoin SV.
Oh my god, that looks like your average soul shitter.
What a beauty.
Listen.
Have you guys, there's a crazy conspiracy behind Bitcoin SV and like the founder and
everything. I won't get into it. It's pretty smooth brained. But it's the true Bitcoin.
Okay for me. If you can get.
Oh shit. Here we go again. What happened to the conference today, by the way? Did anyone catch it or not? Like,
I just see people talking about it.
Apparently, listen, it was all blah, blah, blah, blah, blah. And then it was Biden's
fault.
Right. Did Trump say good luck or something at the end? Did anyone hear that? He was like good luck. So it kind of seems like
he genuinely doesn't give a fuck, does he? He actually doesn't care about crypto. He was literally just like an election thing.
Yeah, I feel like it's just kind of like a few of his kids that are into it.
So he'll entertain it.
But yeah, to be honest, it's actually kind of like the worst outcome.
Cause he's kind of just like putting it on the global stage, like all the worst
parts of it, did he do that or did we do that though?
Like, well, I mean him launching his meme coin was pretty bad.
I still think that was like the worst thing ever to happen.
Yeah, so bad.
The worst thing to ever happen to financial.
I've never experienced anything as bad in my life as Trump.
Some people still view it as a positive thing
and some people as the most horrible thing.
What is Trump?
It just killed everything.
It just completely killed momentum of literally everything
and it's game over.
It seems like.
What does the coin look like right now?
I'm curious.
It's probably wrong.
It's more awesome because I said this.
It's gonna go like 10X now.
Right, there is that good old meme.
Let me put it up there.
Let's put on Trump.
If you're an Indiana Jones fan.
I have no idea what's going on in this picture. I'm not gonna I don't know. Okay
Holy grail is now
Point in the background. Why is there just a coin in the background?
Yeah, I'll explain cuz you're definitely not a I tell you, Jack, if you bring crossbows into it, I'm gonna be...
I was gonna say that you're not a fan of crossbows, so it makes sense that you do not know Indiana Jones and the Holy Grail.
No, I know Indiana Jones, I just don't get what I'm looking at.
You're just a young gun, man.
It's okay, but
in this movie, they had a long road to find the Holy Grail. And
when they had, there was this like, I don't know, like 400, 500 year old soldier. And
he said, Well, you made it, but you need to find the Holy Grail amongst all of these grails, right? And so this guy, the Nazi, he goes on and
picks up the most shiny thing out there and drinks from it and then dies and Indiana just...
That's pretty high level. That's pretty high level. That's pretty good. I now remember that
scene. That's pretty good. Yeah. Yeah. Well, you do remember Wow
Indiana Jones picks the like the like like the least assuming one like it's like a pot or something. I remember that
yeah, it's sort of like full of you know, like a spider web and
It's just very old and rusty cop.
And then he grabs a crossbow and shoots his way out of the room.
Basically.
I mean, that's going to just go up. The Trump coin will go back up.
But do you think it goes back to all time highs? I doubt it. I doubt it.
I still remember. Listen, I remember. Wait, wait, wait, I actually don't remember.
Sushi I remember.
I think the problem is, the problem is I thought Trump's topped a bit.
I think Trump, like as a person, I think he's a bit too Reddit now.
He's getting like Elon's like Reddit like.
I still remember this sushi chart and I also saw that this is never coming back. Yeah, in 2021 because the chart look like Melania coin basically, and just like, like how right like you're gonna get the
But this chart is never coming here. Maybe like you're coming up here, but you like you're not coming back to like
Are you nuts? What are you telling me? Like go, you know go back. I remember staking sushi $11
Let's play it out how it plays out because it's really hard for people to imagine
When it's down here that it's going to do anything like that
and so like you're like all right yeah disbelief really you know like like all right you got that
you know whatever what is a rally is possible or a recovery is possible literally like all right
you know what is it 500 here we go here we go whoa this, this is fun. Oh, shit.
Oh, whoa.
Yeah, told you, told you it's over.
Told you.
I'm sorry about that, dude.
No, it's all right.
It was just me moving some dust out.
You're all right.
Is this 2020 or 2021, Jack?
2021.
Okay, yeah, so this is the SBF crime pump on sushi.
Yeah.
We'll switch to daily. Well, yeah, as BF, but now you have a,
you know, like, yeah, literally.
You guys want to know something really funny about sushi is I was getting my,
at the time she was my girlfriend. Now it's my wife, but I was like, yeah,
I really want to get you into crypto.
And I still have screenshots of the, of the buys,
the market buys on sushi at like $23.
I was shilling my fiance's dad, like deep, like, this is the future.
default like this is the future this can change the world
This can change the world.
it's not good
i mean i had her in sushi and i can't remember what the other one was but it
did equally bad meanwhile i put my mom in
matic at like 30 cents and she cooked
well the crazy part is that it's really ran all over these highs unimaginable you know
yeah but context is a bit different isn't it
yeah we miss uh i'm not gonna say who we miss but these altcoins miss him
that that crazyvick right like that disbelief rally, that was this.
If you think about it, it's crazy.
That's this, and then you get this still above.
Feel like pure shit.
Just want to hammer something on leverage
and then have it go up 200% or 2,000%. 71 days. That's all it took. the the You're looking at this channel like all right, maybe go like an escape pump to you know, 3.2 and then you're like
Yeah, but Trump all-time high was like 70 billion dollars or something
That's insane
Sui hit
What like 30 billion FDV
this year, which is kind of unreal to think about because it's a complete scam.
But.
Well, I mean, it's like we were talking about earlier
with MicroStrategy, it's like,
I don't even want to know what it's going to be like
if MicroStrategy and Trump, I mean, it's going to be nuts.
Like the market is going to be nuts
if Trump is at a new all-time high
and MicroStrategy is at a new all-time high.
Like I thought it was Colty before, it's gonna be crazy.
God.
The MicroStrategy,
or irresponsibly long MicroStrategy community
popped up at the Shmeeko top.
Bro, I was in that space,
and this person, I won't name names,
said that they were long 15,000 contracts
of MicroStrategy at the Pico-shmico top, bro.
Pico-shmico top.
Yeah.
So this was their liquidation?
Yeah, dude, I don't even wanna know, bro.
I don't even wanna know., bro. I don't even want to know.
That was a quick drop, man. 35% in a few hours.
I think SMCI claimed many victims as well.
Indeed. Those are opportunities. Remember, somebody else ruining their life
is your financial opportunity. Thanks for playing. Thanks for playing. So any juicy the scam yeah yeah bro yeah I saw a lot of people post that and I missed it if I
can survive the government US government hacker group that's gonna come after it
over this next 24 months then it'll go top 10.
I've literally just bought, I just bought the like, I don't know, I just don't have any read on anything.
Where's the alpha?
There's just like nothing going on at the moment, like I don't know, it just feels like empty.
Yeah, that's literally the time when most people leave the
market like nothing's happening. But let's try it. Let's invest in stocks and trade forex.
Literally. Are you telling me to buy more China?
I know you're doing it in the background right now anyway.
doing it in the background right now anyway. More Baba calls. Yes. Baba might claim me next.
China fully retraces. China. I don't think that's likely though.
the Fine Bitcoin looks fine brother. Come on now. Okay. What are we talking about?
It just it just rejected off the 200 day. EMA
Tucker is cooked
Never mind
Like 69,420 seems like a pretty good bottom i'll be honest
No, it didn't reject it.
It didn't reject it.
It's support, brother.
No, it's literally below it.
The 200 SMA?
No, EMA.
Oh, see, you're splitting hairs there.
Just, no, I said EMA from the start.
Actually, true, true. Good point.
There is a good bullish indicate,
which is that Playboy Karty drops an album
and every time he drops an album, we go uploads.
So that's a good truth, Nick.
That's the only bullish catalyst at the moment.
You love it when you open up old squigglies and they somehow kind of work out.
Hmm. Not really.
What did you, what did you say for the EMA?
200.
Daily? Um. Absolutely turbo fried. That's what that looks like and good opportunity. The 200 SMA and the 200 BMA on the chart.
Good opportunity to short to zero, in my opinion.
Jack is doing it.
Good luck.
Put them both on.
You could short 100X right now and not be liquidated for four years.
Four years.
Not financial advice.
Not financial advice.
Wait, is that SMA?
Yeah, put the SMA on at the same. Yeah.
Yeah, see, I think it's maybe going gonna be similar to the shop we had what July
August September like zoom in a little bit zoom in a little bit zoom in we
need to observe zoom out see look at that like the first time they crossed it
was a local bottom big pump new low chop chop chop you know no different this time
different different this time maybe
god that i keep looking at it but you know when you look at the last cycle chart, it's such a brutal right hand after the summer bottom.
Like, you can almost smell the crime in the chart
when you look at it, don't you?
That second leg, unbelievable.
This one?
Yeah, I don't know how they got away with that.
Well, they didn't, so.
I mean, they had the same type of pump in literally every other major asset.
Like if you're going to look at silver, if you put the volume on, the volume difference is like insane compared to the left hand side.
So organic compared to the right hand.
Totally.
But again, each asset in the world made it. Yeah.
Second top and then 2022 bear market was their market all around.
The drop from 53 K in September of 2021. I think it's one of the most like underrated nukes in crypto history.
Isn't that the one you had shorts on? 2021 I think it's one of the most like underrated nukes in crypto history
Is that the one you had shorts on? No, I was a little dude that I was long
That was a that was not a fun baptism, but I traded actually really well after that was over but yeah, I remember I was long a vax from like I
Think high 40s and it worked all the way down to like 32
I cannot like this EMA
Coinbase listing another scam. That's not my scam. What's new?
Anyone still use Coinbase? I've kind of tried to avoid them because I've been hearing horror
stories about people getting locked up. Well, not locked up, their funds locked up.
So what you using the Robin hood?
What me?
Yeah.
No, I'm using, I'm, I'm cracking now. They've been pretty good so far.
I'm seeing cracking everywhere.
Aren't they UK based?
Um, no, no, they're us, bro.
They're us.
I thought they were UK based.
I like this EMA, SMA, because it holds as my bias.
It's actually a pretty good SMA, I'll give you that.
That's pretty good.
It's such a shame we're going to go through it though next week And go to zero where we write
Sideline
The fact that he says sideline but is bullish on appos is one of the most counterintuitive things.
I actually think you'll bring it back next cycle. Like Aptos bottom is going to be one that I'm
buying because I think he's going to sort it out. Why do you have a problem with the
Why do you have a problem with a white background and black canvas?
I feel like that's the cleanest one.
I think it's the European one, Jacus, for sure.
Is it the Sculptor one?
100%.
Should I just go like green and?
Yeah, the white and black is a European template,
I'm pretty sure.
Hey, I use the white and black template.
Yeah, I guess you do.
Wow, man.
Now, I had to bring some warmth to it.
The white background just searing to the eyes.
That's why you got to do the light gray.
The cream.
Oh, boy.
Yeah, there you go.
That hurts.
There you go.
That hurts my ass.
No, put pink, bro.
Trust me.
Pink?
Yeah.
Oh my god.
Oh, no.
That's so sweet.
It's like.
Yeah, yeah, yeah.
That's good.
Okay.
I gotta be yellow.
I stepped away from my computer.
What have I come back to?
The ultimate setup, man.
This is such a good representation
of the state of the market.
Oh, my god.
The real alpha.
I love how they like your chart.
We are actually like, Bitcoin's at like 85k and it just feels like awful.
It feels like bottom of a bear market.
Yeah.
I mean, I know every other chart when like has gone down, not like, like it's gone down
a lot, but I don't know.
It just feels.
Wait, did you guys watch, did you guys watch The Office?
Oh yeah.
You know.
I watched the good one, which is the one in the UK.
Oh man.
You know when Stanley makes the like paper PAPYR for women?
You know what I'm talking about?
Oh yeah.
This is that. No, Jackie, you need to put the gradient background on and do pink and purple.
Where's the gradient?
You have it under solid, under background. Oh, yeah.
Yeah, there you go.
And then I go pink, yeah, and purple.
Yeah, yeah, yeah.
A little bit of colorblind, what is purple?
Second one, left one, there you go, yeah, yeah.
go. Yeah. Yeah.
Oh, that's beautiful. second one left one. There you
That's
No, this is actually insane.
Like, I feel like I'm in a
fever dream or something. So we need to change the candles,
Jack is to bright blue.
Which ones? The down ones or up ones?
Both.
There's, there is.
There is, there is.
It's just the same.
It's just the same.
Yeah, there we go.
Just the same.
Jack, can you not see blues, blues and purples? I think I have a problem with green.
I'm not sure what it is called.
You have those three types of color blindness,
and I have the green one.
Red, green.
Yeah.
That was our little artist. Oh man.
Sometimes I think, how do you guys come on like every day and talk about market when
we've had like weeks of like this. the the Soybeans down only pink and purple chart. Dude, how do boomers trade ag commodities? That is a great question. Like how?
Do they?
Yeah.
Well, there's that quote from the big short, right?
It's like, what do you trade commodities? Good luck.
I would have caught that short there. I would have caught that.
Jack is using the same chart colors. I need you to, I need you to check USDT dominance
and see where we could get a rejection.
You should put a picture of a Malady up in the top.
Get that white and black out of here.
Yeah, you just save the layout.
Yeah, you should save the layout.
Yeah.
What is this chart?
What is this?
USDT dominance.
What does that mean?
Means we want it to go down.
Right.
Number go down, we happy.
Number go up, we suicide.
Yeah. Doesn't matter which one. I up we suicide. Yeah
Doesn't matter which one I'm always suicide
And that looks that's a lower high if I've ever seen one gents I think could be
Lower high all-time highs in in March
Yeah, no no no no no high on USD I think, all the time high on Bitcoin in March.
Zero.
Yeah, yeah, yeah.
I'll take that.
Just come back from the kitchen what's going on.
Like, is someone just logged in and they didn't?
What do you mean, the chart?
There's nothing, nothing's changed.
The chart's the same color is white and black.
I don't know what you're talking about.
That's beautiful.
It's a, but there's no difference in the color.
If anyone's, you need to check your screens.
If you see a different color,
it's always been white and black, this whole screen.
Pull up the hyper liquid charts. That's the only thing I've got money in right now. I
want to see it in this in this Miami vice background. It's a McDonald's pattern right
there. Beautiful. That is going so high. Oh my god. That is going so high. It's one of the most bullish charts I've ever seen.
I think it's going to struggle going over 18.
Imagine the cope if you did that. Imagine that would be so good. All of Citi invests in one coin and it just trends to zero. Beautiful.
No, I mean, hype is probably going top 10. I mean,
it's incredible what they've done.
Yeah. What's the, what's that? Who will be talking? I think it's HD.
God.
Oh man. Yeah. We haven't had that foot, that bit there in the middle yet. Oh God
Man yeah, we haven't had that foot that bit there in the middle yet. It's coming soon
That's coming soon to hyper liquid goes for thousand
I'm not sure what to make if I just see it as far as like a price action standpoint I do think it makes sense for it to bounce here
realistically because I'm kind of bullish on all BTC for a few weeks, but
Yeah, I don't know I feel like it's I feel like it like I say I think it's gonna struggle going above 18
Kind of structurally it looks on but. But I think if you're a hashtag investor,
it's probably not a bad place to buy some.
Oh, that is disgusting.
Jesus Christ.
That is so bad.
Orange is such a bad color.
If you are a Netherlands fan,
well, if you are from Nederland,
do we have a Nederland guys here?
Like, guess there are so many city guys from Nederland.
So let's appreciate those.
I feel like for how small they are as a country, they have so many accomplishments and people
in it.
It's crazy.
I genuinely feel like I'm having an annual...
What's the point of this talk when we start shouting out countries? What are we doing? the
the the OpEx fuckery right now. Anyways, let's go back to white and green.
Sorry, white and black.
Do you at least have the nightlight on on your screen so
you don't get as much blue light?
Because I mean, no, I want my eyes to be fully burned.
Yeah, I didn't I didn't believe in the blue light glasses thing. It's fake news. the The Vertigo mode enjoyer versus the Chad light mode red burner.
Oh my God.
So what do we what do we want to look at guys?
I got to get one jacket.
Awesome. KU KU colors, baby. Oh my
god. You're shouting out countries and colleges. Yeah,
they're gonna get knocked out first round, bro. Bro, what are
you talking about? They were ranked like first what first in
the country and lost
like two in a row to unranked.
Whoa, whoa, whoa.
Now we ended up unranked.
OK, yeah, we got the seven seed.
We're playing Arkansas.
It's gonna be fine.
Oh coach cow.
Coach cow with his new team.
It's yeah, man.
That's clean though.
Max isn't on one market check
and this is what it turns into.
Yeah.
The boys are just being silly this morning
I'm just a boy what?
I'm actually
I'm gonna leave
this is not good for my mental health. No shit you need to stay around for the post game.
Oh my god. I'm just a boy what is going on?
You never heard I'm just a girl.
Yeah I am but it's just like.
Like what are we doing?
I am getting hung over again. I am getting hung over again. Like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like, like to have fun on these screens, guys.
What?
I got you on the screen share.
All right.
If you guys enjoyed the show,
we do have a few ways for you to potentially join us
at BEEBEE.
Sometimes, usually we're a lot more serious than today.
Today we're just, we're a little bit silly.
We hope that you enjoyed the show.
Nevertheless, a little lighthearted in the face
of some crypto price action that is
not really super volatile and kind of boring,
but I think better times are coming,
at least from a volatility standpoint, right?
Like I said, there are a few ways
that you can hear more from the team,
starting with our premium Discord guys.
Come join us.
We give very serious calls actually,
four to five hours every single day.
We talk about the markets, our positioning,
and our intimate thoughts in real time.
So come check that out.
And we were nice enough to package it
with what we have displayed on the screen currently.
You can customize the colors however you want, but it is a very useful tool, the BB terminal.
Whether or not you are an active lower time frame trader capitalizing on this volatility,
whether or not you are a long term investor looking for tools to be able to conquer markets
here over the long term. And of course, soon we'll also have something for you,
Degen, if you love on chaining,
you love shit coins, meme coins, AI agents,
whatever the flavor of the month is for on chain,
we will soon have the tool for you as well.
So come check out the BB terminal guys,
there's really so much that you can do with it.
Tucker's got it displayed like we said.
And there's obviously a lot more functionality
than just what is displayed on the screen.
Of course, we also have a way for you
to hone your educational base
or even reach trading level mastery.
Check out the BB Academy guys.
Come learn from the team.
Sorry, I just have a bit of like a brain fart I usually don't have these during the
outros I've been pretty smooth but I don't I don't go off a script contrary
to what some might think but yeah come learn from the team guys BB Academy we
put a lot of work into it it's's been out for a while, so I mean
we've gotten some really amazing testimonials on it, but if you're interested in learning
more from the team, how we approach markets, trade them, and analyze them, check out the
BB Academy. Of course, last but certainly not least, we do also have an SEC registered
hedge fund, maybe this volatility in the market is getting to you. Maybe, you know, the thought
of trading crypto at this point is nauseating because I've seen a lot
of that rhetoric from people, right?
People can't wait to leave crypto forever.
Well we have a solution for you as well guys.
Like I said, we have an SEC registered hedge fund.
We trade digital assets in a way that looks to capture their asymmetric history for upside
returns while also balancing the downside risks posed in any financial markets
But that's it from us. We hope that you enjoyed the show today
Like I said, it was a little bit sillier than usual, but still good. Nevertheless, we will be back to our regularly scheduled programming tomorrow
But yeah, we are typically live on market check around 11 to 11 15 a.m
Eastern Standard that's usually when we start the show.
Of course, we also have market talk in the afternoon with King Wabi Monday, Tuesday, Wednesday and Friday.
So make sure to stay following and subscribe to both Wabi's X account as well as because Bitcoin.
So you can be notified not just when we schedule those bases but also when we go live.
But that's it from us guys.
We'll see what this market has for us.
Like Prometheus was saying, tomorrow's OpEx is really kind of driving the shenanigans
that we're seeing on a lower timeframe.
Hopefully we get a little bit more clarity after that but of course we'll be back tomorrow
to discuss everything else that we are seeing in financial markets.
But thanks again guys and of course, as always, stay safe.
