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Trading with Jim Talbot
Recorded: April 7, 2025 Duration: 0:55:02Space Recording
Short Summary
In a lively discussion, crypto enthusiasts analyze market trends, trading strategies, and the performance of various tokens, including Fartcoin, amidst a backdrop of declining market sentiment and missed opportunities. The conversation highlights the importance of understanding market psychology and adapting to changing conditions.
Full Transcription
Thank you. Thank you. Yo. E aí are we live already we're live and alive nice why i'm pretty tired today i don't sleep very well
I'm pretty fucking tired today.
I didn't sleep very well.
Yeah, I had my first call today
at 5am, so...
Tell me.
Hello. Are we live?
Hang on, let me chat.
There's probably two people I'm talking to.
There we go. hmm hmm hmm hmm hmm hmm hmm hmm hmm hmm hmm hmm hmm hmm hmm hmm hmm hmm hmm hmm hmm hmm hmm
hmm hmm hmm
hmm hmm hmm
hmm hmm hmm
hmm hmm hmm hmm
hmm hmm hmm
hmm hmm
hmm hmm
hmm hmm
hmm hmm
hmm hmm hmm hmm hmm hmm hmm hmm hmm hmm hmm hmm hmm Oh, it's... Oh, Training View must have known that the stream started. It's literally fixed.
I can't believe I might have just pussied out on generational triple drive long entry.
And got front run by $1,300
apparently RSI's not working
oh there we go
Jesus Christ
sort your shit out trading view
is this a generational bottom
or is it just an ES
oh it's fucking lagging again.
Fuck so.
To be honest, I'm hoping it's not over yet.
I mean that we are going to go a little bit lower.
Well, to be honest, I'm more annoyed as a day trader
that I didn't just take a punt at this price earlier today.
But I don't know. I was a bit fucking earlier today but i don't know i was a bit
fucking tired to be honest and it was a bit early it was like 6am um
does people want to say hi in the chat so i know that yeah there are quite a bit oh i was on
private chat i was like god it's dead so dead is the market
i just i'm true i think initial
advice because this is the advice i'm telling myself now
and you'll see it on twitter right now probably if i look at my twitter timeline right now
it's probably a bunch of tweets saying generational bottom because everyone's
looking at this 15 minute chart like me and thinking oh strong reaction straight into some
stop losses must be the bottom um probably got a good chance to analyze over the next few days i
don't think you know it'll be a classic stream
where i say you're gonna get plenty of time just to sort of digest and see what the market does
and it'll end up being a v-reverse and i'll look like a retard along with everyone else but um
we've basically been es traders on this stream for the last three weeks correct um so if we're es traders now which we all are and obviously we're all tariff experts
um then the key level to see reaction is a gap fill on the es. I think that's the main reason I'm annoyed I didn't take the long, because generally, gaps quite often get filled
before either continuation or reversal.
So it's 5,060 level on ES.
It's probably going to get tagged today, maybe on the stream.
Everything kind of blasts through.
You know, it's worth noting that
the markets oh my god it's so slow um you know the market's been doom and gloom
negative headlines everywhere my sort of brain is thinking how much worse can the headline news
get this is a lovely reaction, actually.
It's come and retest the previous all-time high from 21 after basically a down-only violent move.
So not a bad place to at least correct.
It'd be really great if I could see the RSI.
That would be wonderful
is anyone from Tradingview
watching? sort your shit out
so yeah
max long on woo 400
left let's look at woo
I don't know if I want to look at woo to be honest
this is a
woo stream so yeah maybe maybe we don't know if i want to look at woo to be honest this is a woo stream so yeah maybe maybe
maybe we don't look yeah it's not a reflection of the platform guys it's a good platform
yeah that's the that's the episode this part will be cut and published on twitter
oh my god i could really do with rsi right now uh let's try to see if awesome oscillators working
awesome so we're down so bad that the oscillators are
negative like they don't even exist oscillators are oh just fucking
okay it's not really saying much potential divergence you know we're at those prices
where could it go down more yeah like how much more it's the classic like how much how much
more selling can there be on these altcoins um i've been saying that for like three weeks and
they keep going lower so um i actually nearly bought some PopCat today.
I'm not going to lie.
It just seemed like it.
That's not a typical move from you, I would say.
I was expecting you to admit that you're a long Fartcoin.
Yeah, well, Fartcoin is obviously the darling.
But it just felt like, I don't know, it just keeps constantly feeling like popcat can't pop down anymore it's kind of run out of violence so
can I say do fart coin Jim we'll do a big fart coin soon also this morning when bitcoin was dumping on the pre-market open uh i mean us pre-market open
altcoins many of altcoins were holding quite good like i could say that there is no single soul
willing to sell more exactly like i think probably reframe that as like not necessarily holding well,
but running out of sellers to push it lower.
So this is a nice reaction on the NASDAQ, to be honest.
Yeah, I'm actually kind of regretting I didn't punt some stuff this morning to be honest
Fartcoin, I mean Fartcoin
is the best looking shot in all of
like in global
markets right now
there's probably
nothing better than Fartcoin
that tells you
where the economy's at really
doesn't it, if you want just an analogy for where we're at economically
and like, you know, the best performing asset
that looks the strongest is Farquhar.
So if you were wondering if it was like a generate,
you know, a store of value in global uncertainty than Fortcoin.
And it's the easiest coin to trade, in my opinion.
It is.
I mean, we can go into it.
Because I think generally, due to the fact,
what happens when you get a coin with high mindshare,
lots of active trading,
the signals become very actionable.
Even from scalper's point of view,
you can basically capture bounces,
which is kind of all I've been doing.
I've not been too active.
I think I caught two,
two scalps last week,
but generally like you can get,
like I'd call it a forgiving market.
Like if you are patient and sort of stick to these 15 minute extremities,
there's a few where it catches you out,
obviously,
but generally you can get out in profit and this doesn't even look like a
significant move, but it's still like you know it's nearly 10 if you can capture four or five
percent out of that's pretty sweet so yeah farcoin continues to be the best market to trade right now
i think uh it's a clear shift in market structure where you had the big
diverging structure it's popped it's held above uh so i i think logically it carries on to 68 70
cents um i think the emas look nice on this one as well it's one of those like textbook alt
accumulation cycle from you know any cycle I've ever traded generally you wait
for these EMA flips if if the EMA ever loads that would be that'd be brilliant it might break the EMA
by the time it loads come on to tell you how great for it can yes uh it's a bit bearish but although quite bullish in the same
time my sister came to me to uh this morning uh we've been discussing yesterday selling her gold
that she got for her 18th birthday uh and she placed her first trade which was fartcoin uh yeah excellent i think you know what we should do for for fun um but yeah right
it's nice it's upticked it's consolidated i think what you want to see now is this kind of move i
think um and if this is the appetite for this kind of risk, then maybe we are, you know, I think we're closer to a bottom than we are atop at this point, you know.
So we'll go back to Bitcoin in a bit and we'll kind of determine, because we've obviously missed the low.
Let's try and think rationally about how we get on board if tides are changing.
It's changing.
How can I do, like, is it?
What happens if I do, like, xau fartcoin?
How do I do it?
Because I always forget how to do it.
Do I have to put this in between?
I have no idea, to be honest.
But I'm sure the rotation from gold to Fartcon is real.
I want to see it.
If someone can tell me how to put the ticker in,
because I think it would just be funny.
It's a funny stream clip.
Oh, it's dash.
Oh, this is so broken.
Fartcon.
I think you should delay the P and dot after Fartcon USDT.
What?
I don't have premium in my mind.
Well, this is an embarrassing bear market moment.
I'm just screaming.
You can clip that. is an embarrassing bear market moment there we go guys
to see how how low we fall down that but oh it's working it's working okay
uh so oh wait did i do it wrong do i want to see
fartcoin i want to sit the other way around right
that's hilarious
That's hilarious, son.
Oh my god.
Your beauty.
Wait, this is just fartcoin.
Isn't this just the fartcoin chart?
Yeah, it is.
I don't think so.
Yeah, it is, no? Dare I do two charts side by side or am i gonna get a pop up again
okay oh it actually looks yeah it looks like it's the exact yeah it's just a far coin chart
what the fuck
am i retarded apparently apparently i'm and broke
so what's this indicating
fartcon atf next week thought coin has to break out what's gold doing actually
oh my god this lag maybe they're just lagging me because I'm not premium
is everyone else is working or something
I probably shouldn't say it now but but I don't have TradingView Premium 2.
Everyone, go check out Woo through one of our rafflings.
Yeah, please.
You can find it in my bio on Twitter.
bio on Twitter.
Yeah.
All right.
Let's go back to Bitcoin and we'll do some sort of...
Bitfinex chart checking part of the market.
Oh, wow.
It really did squeeze.
What the fuck?
We missed it.
We've been checking more important stuff.
Exactly.
Okay.
Wow.
We literally missed everything.
We missed the gap fill.
Now it's trying to hold above the gap fill.
If it holds above the gap fill,
then my brain instantly goes to 5,400
to kind of take out this sort of breakdown level.
So it's something to bear in mind.
I think for now, I'm more inclined to just not chase
because I don't know about you guys,
but chasing over the last two weeks
has just been like the worst thing you can do.
So let's look at Bitcoin.
It's kind of a challenge right now.
I suppose like the challenge is you obviously want low prices, but if you haven't got, if you missed the low prices, the next best setup is either back down here or lower,
or you just have to wait for that market break shift.
We have the April open, which it was trying to hold
and obviously nuked through.
So I think right now you've obviously missed this nice bounce,
me included.
Could have paid the premium with that win.
So I think really, for continuation,
a reclaim of the monthly open is a really nice sign.
And then I still think at some point,
when we do get the bigger squeeze,
this yearly open 93 93k there's so
much liquidity up here that whether it comes from like a reclaim here i i really firmly believe that
it's in play once the market stabilizes and all the doom's gone i mean barring just a fucking disastrous
you know
recession basically
which
the problem is I'm not an economic sort of
I don't know what I'm talking about
and anyone that
I think anyone in CT that
tries to trick you into thinking they know
what they're talking about
to be taken with a grain of salt.
So I think we'll put it this way.
If it reclaims the monthly open, the recession is over.
That's my expert take on macroeconomics.
And then we can kind of play these levels.
But I think right now now this is quite a strong
reaction already um i am personally as far as like i'm trying to be as passive as possible my orders
are much lower uh i've actually left orders on this trend line uh i've had them there for a couple of weeks.
I think it's much lower than what people are sort of anticipating.
I think you mentioned in Telegram today, actually,
that kind of 69K was your level and invalidation,
which makes sense. So I'm just kind of, I want to try and capture some orders below that.
And it would give, like, for me, the confluence is, like,
it's a retest of this trend line, which I would think
is quite a strong reactionary level, around 64.
And that's also right in line with Michael Saylor's average entry,
which is a really nice level as well.
So that's kind of what I'm doing.
Happy to just chill.
Also, it would be quite a big factor for fat creation,
that food creation that, you know,
sailor is going to be liquidated
and technically he cannot be liquidated.
So yeah, probably it's the level that i'll take another loan uh yeah
too and i'm i'm i'm about to to pay off my my last loan uh next month so that would be fun
yeah like i we are in slight panic mode but i don't think we've seen like
panic panic i think there'd be some serious panic and like you say some fud and doom
so i'm leaving my bids in the fud and doom territory this like this right now whilst it
could be the bottom it's not really in my fud and doom territory yet as far as price um it's not really in my foot and doom territory yet as far as price um it's not really
been violent it's been very controlled it's been very slow like my sort of gut feeling is like if
it gets to these levels we're more likely to see that like nasty high volume flush um but then my
validation like as it like i'm gonna wait for that this is kind of for my
more high time frame like weekly bi-weekly setup not like a day trade um but i'll happily sort of
cancel those orders if if we reclaim this level and I'll take the trades within this range.
I think one thing to note that I think is kind of bearish is,
this is interesting, actually.
I don't know if you remember.
Was this two streams ago?
I drew this as a hypothetical.
This is a good lesson for me as far as journaling goes.
Is in here, I was like, my my mentality my thought was like with we're down this much
i kind of think the probability is better for a move up like this rather than a move down like
this and this is just a good journal post for me that whilst the trend you know the trends you friend this is a trend is your friend um
a classic example um of not fading it basically and wait for that market structure break
but i think one thing that wow these levels have been so good look how i should have look at this
yeah i i've barely like barely been trading salon but if I'd have stuck to these levels,
I'd have been able to get trading
v. Premium by now.
I think one thing that
concerns me about Solana is
you know, like
six months ago, 12 months ago,
if it tagged 95
to 100,
I think the reaction would have been
like this, you know what I mean
like instant, like if you told people
you could buy Solana sub 100
the reaction would have been mega
strong, whereas right now it's trading at
106 after testing
100, like the big hundy roll
number, like that to me
doesn't signify strength it just looks really
quite pathetically weak to me i don't know what you think um and if we just kind of zoom out
there's just like like like this this is a good example like this is a mega test front run 100
bang like instant buy and it's off to the races, and then it goes, obviously, to all-time high.
Whereas this, this is the 100 test. This is really kind of alarmingly sad to me.
I don't know what your take is on it, Michael.
Well, I think my take is a little bit different.
different. I really don't think we are in a bull market. And in general, I don't care
I really don't think we are in a bull market.
what market it is, if it's bull market, if it's bear market, I don't have the need in
me to define that. To exactly say, okay, we are in a bear market, or we are in a bull
market. But it's hard for me to talk about bull market where when alts are all-time low and
we have 20 uh dump on s p 500 so uh and there is the rule that there there aren't v sharp uh you
know moves uh during uh bear market which kind of you know pushes me to not looking for those entries.
But this is my personal take.
I when I see because I do believe there was some panic.
You should have seen my DMs yesterday and probably Ben's DMs.
And you would say that, OK, there is definitely some panic in the market.
And if you combine those two,
like what I shared in the Telegram
that I'm setting a nice amount of limit orders
because like in the past, it proved that it works.
Like in the end of the day, I canceled a few,
but the price
didn't drop there anyway but what i'm trying to say is like i really don't look for those v sharp
recoveries i don't think in those happen uh at in this market but i can be completely wrong
well i'm not necessarily saying a v shape recover
reversal all i'm looking for is an indication that it's hit demand like the likelihood is it won't
bottom on a v reversal but what i'm trying to show is like when it hits demand like here it
by a step in because it's finally a price where people are like right this is a great price
um and the likelihood is it rolls over and it chops around and those initial buyers
like give up and and we we stay stagnant for for several weeks um but that initial reaction is a
really good building block and like base to to define what the fair value is. If I'm looking at this chart,
just like from...
I've just drawn some levels here.
We can kind of...
Well, this is kind of...
We'll remove this for now
because I don't think it's important.
We're trading below this huge consolidation
that took us to all-time high.
This is bearish.
And then I've drawn this level.
There's a low here.
One of the reasons I drew this level
is just off the top of my head
I think Galaxy
the Mike Novogratz company
I think the
I think the price they bought that discounted Solana
from the FTX
bankruptcy
was $80
so this is a big level to defend for Galaxy,
and I'm sure a lot of people are aware of it.
So this is the first level where I'm, you know,
based on how it looks now and based on the weak reaction at $100,
I think $80 is the logical level where you can start considering buying Solana.
Me, personally, from a pattern recognition perspective
and just what i've seen before i like i think it could potentially go a bit deeper into this
60 to 70 level and it kind of takes out wicks i've seen it too many times where this slow grind up, this is kind of the bull market consolidation instigator
before the mayhem started.
So this is quite strong positioning.
So my view is maybe it comes down here.
I think this is where you really see the strongest reaction
if we get there.
So I'm going to kind of stick to this now as a visual um for what i
want to see um but right now it's looking more and more like that was the short squeeze today
and we're gonna head lower i think same with bitcoin same with spx look at that gap fell it's quite a strong rejection same with nasdaq
not looking good so i'm glad i didn't chase to be honest thoughts on hype we can do hype as well
that's another good one because that hit another round number it hit it's ten dollar like that's it's that's actually it hit under 9.5 because at 9.5 uh one of my limit buys uh were
filled uh yeah as you know i i was quite bearish on hype for a bit of time but now it's on my very
strict watch list uh to accumulate uh yeah also i can't take my eyes off xrp chart uh it gives me so many so many like you know short
faults basically uh i was about to pull the trigger this morning at 6am my time after my call
this morning at 6am my time after my call,
but it's so stupid,
but my charger to my laptop was in the other room
and I was too lazy to grab it
and I just went to sleep.
Yeah, and it was a good short, to be fair.
It would be a good short.
And my fault right now,
and I shared it, I think, in some chat,
is long hype short XRP.
So my view on hype is that I wouldn't touch it
with a fucking pole, 10-foot pole.
And again, for the same reason, like,
we've just seen a weak reaction at a big round number on solana we've had a pretty
weak reaction at a big round number on hype it's you know it's it's barely holding 10 my view is
it keeps going down and this like nipa like i just there's not enough price history there's too many
free riding bag holders that still own a lot that staked,
et cetera.
This,
this,
this could go,
this could go like,
I see you're buying at 9.5.
There's no like,
yeah,
but I sold at 10.5.
Nice.
That's a banger trade.
That's really good.
But like,
there's,
there's literally no telling how low this goes,
I think.
Um, and again, one of the things I don't like about buying this kind of thing
is this is very slow and methodical.
Like, I really want to see that, like, puke.
Like, if we invert it, like, would you short this?
I wouldn't short this.
For me, this is like, this looks like it's on the brink of accelerating rather than decelerating.
Yeah, but if you check on the screener, where the history is a bit longer,
between $7 and $9, which are my targets, basically,
$9.5 was the first limit order of uh of quite a few and there that there will be
quite a bit of buying pressure and with the money that hyper liquid is printing from uh from fees
they can defend price quite efficiently so i do think that would be a banger place to to buy
i just think you're crazy buying this i really do
there's too many people that have still unrealized profits um i understand what you're saying but
this calling this like support like it's it's just i i i i just i i this is one where i could
really envisage it just shocking like going super
low like four dollars and you're just getting nuked um yeah i i just absolutely wouldn't touch
it okay it's it's too slow like you look at this like i would want to get along this and and like
just from a you know again like just based patterns, I'm not looking at price.
I'm thinking, like, bang, pop, you know, leased into sixes.
Like, and that's probably being, like, modest.
Like, you know?
Well, like, you definitely got a point.
you're the second trader who i really respect says the same uh so there is for sure something
You're the second trader who I really respect says the same.
right about what you say
yeah i'll buy all of your hype at three honestly i'm thinking my gut is saying like four dollars
for hype that's just my i like can feel it in the pit of my stomach like four dollar hype like
i feel like cancelling my limit orders i don't know why you'd leave limit orders on a coin with
no historical price history that's just like you'd like that's really yeah sorry no go for it that's why we hang out here every week so Jim can say
tell me when when my moves are stupid and that's how I've improved my
uh trading quite a bit for the past six months
and this is I think this is this is where this is where like for example we can go back to my
bitcoin bids i'm not saying suggesting there's a high probability of my bids get filled but when
you're in a consistently strong downtrend that hasn't really accelerated it's not accelerated
like we can go back to previous downtrends yeah this took months and then it accelerated and everyone
panicked you know this is still slow moving and buying something that's moving down slowly is
quite risky you're better off buying something that moves down fast yeah the the key to making
good money in crypto is overriding when When that fast, violent move comes, your initial reaction is to panic.
If you can manage that panic, that's where the best people in this space make the most money,
is keeping cool and staying patient for those opportunities.
for those opportunities.
So like, yes, I'm saying, you know, 70K to 73K, logical support.
But bidding logical support in a slow controlled downtrend is more risk.
So I think it's kind of stink bid season, whether they get filled or not.
So you have two scenarios.
This is where the support is.
So mark your support.
Leave your bids way below.
I don't know what this is below the sort of logical support.
10%?
Yeah.
Leave your bids 10% and then obviously extend that gap for altcoins
to like 20%, 25% below the logical support.
Because you can always re-evaluate.
And if it comes into the logical support
and does something constructive and puts in some divergences,
then you can just, like, one-bomb it
as opposed to trying to gradually enter on limits.
Limits should be for, like, tail risk,
like tails of, like, violent moves in this environment.
And if you like what you see here, you can just market by.
Just market by in one order.
You know, we don't have to get cute with trying to set limits and stuff.
I said in the Telegram earlier, we're not BlackRock.
You know, we're not trying to like, you know, we're just,
we don't impact the market.
Where are we bidding Filecoin?
To be honest, I know I said it looks great and everything,
and I do like it.
Let's be logical.
It's in the chop zone.
It's battling against a market that's looking pretty weak.
It's another one I wouldn't chase.
If you want to be cute, this is the level to hold.
Again, just be sensible.
Don't chase strength in a weak market because it's amazing how many
times it just catches up to the weakness and leaves you trapped one of the reasons it's showing
strength is because people see the strength and people are chasing that strength and you don't
want to be one of those people you know because when it finally exhausts and that strength you know that strength will then
dissipate so just be cautious of that all right any more questions yeah could you check uh xrp for me it's like great great chart to to short oh my
god look at the retest it just put in that was textbook that was like that was generate this
was like generational like short entry short the retest yeah like if you're bearish that was the short the retest yeah nice two
two dollar retest let's just clean this chart up a bit so it's a bit messy
and i think yeah i think as long as it stays below two if it reclaims two that's kind of a
nice signal and you could probably get 2.2
for a day trade but i think after that retest based on current trend the logic is 1.5 next
i think into this consolidation and then go from there but again if you're buying the dip at 1.5
i'd sort of you know just consider taking a long as opposed to like making it some sort of investment because when it comes to investing now you you're at the point where preserve capital
and just sit on your hands be patient because you're going to get ample time to to take good
make good decisions you're not in a rush when you're investing you're not in a rush. Don't rush to invest.
Am I buying any equities?
No, I'm not.
Honestly, I don't look too much into equities, but I think a lot of stuff is still overvalued, honestly.
So I'm not particularly interested.
But I don't look enough, so I can't give good advice to be honest like oh that was a good one i think that was from last week wasn't it i was saying it holds here
long and it whipped these are good you should put these in because it's amazing how many times
the stop loss ends up being good entry but yeah tesla looks
insanely bad really like i think i was saying last week if it holds here like this is like the fact
you got a chance to buy a 50 downturn like if it holds here but now it's back at that level
looks pretty sad so maybe tesla is a good one to buy in the future but it looks like it could you know if
it breaks down here then you're looking at like 140 to 125 i think which is kind of crazy
uh stop buying a lot of amazon and google
let's have a look
i think you've just got to be careful
with the likes of Amazon
if we're hitting a recession
Amazon's the last thing you want to be buying
in the downtrend
because consumer spending is going to drop considerably
you know
so I mean it's already dropping considerably
yeah I see why you're buying it it's that support it's that support but you know
if it closes below this you know this is such a monster level so like if you're already in amazon
like fair play to i see the logic but just don't hold the bag. If it closes below here, you know, if it closes, let's say, like, 162, get out.
Please don't hold this because, you know, we've seen it before.
Like, it can do this.
So there's no reason not to consider that if it loses this level,
it can trade back to 102.
Anything's possible.
So just manage your risk.
What is Google Sync?
I can't even remember what Google's ticker is, to be honest.
Oh, yeah, that was it.
Goggle.
Okay, who thought Google's ticker was good?
Yeah, this looks gnarly, man.
I don't think this is going to hold, to be honest.
Yeah, this looks rough man it looks like that looks just looks really toppy the way it's moving i think
but again staying objective you've clearly got your level get out if it really does
close below and and know, it's amazing
same price, 100
see what happens
this is the key level for the week
I think, let's see, I think
just everyone even us crypto traders, this is the key level for the week i think let's see i think just everyone even as crypto traders
this is the level i think to define risk appetite for the week as far as intraday trades if it can
get above this uh gap fill and sort of consolidate then could be some continued relief to the upside
that's what i'm looking at
what do you reckon michael should we anymore for anymore
i'm still thinking about pulling the trigger on xrp just as a short short as a as a hedge kind of thing like i feel like we could break the 1.5
support very quickly it could literally just you know we could teleport teleport lower and i can
i will send over later uh technical analysis of a friend of mine who's big ripple holder like it's
so ridiculous and so the the amount of hopium they are having over there in those communities
is just ridiculous yeah i get you i think right now for me i i would I would advise against it, and I'll tell you why. And I'll tell you, like, we're already in quite a strong downtrend.
I personally, you know, I don't want to try and capture these big shorts now
because you see what can happen, like this kind of big squeeze.
So I would rather try and capture some of these.
So I would rather try and capture some of these.
Like me personally, like I don't want to,
this is just retrace 8%.
That's like a lot in the space of 25 minutes.
Yeah.
I don't want to be,
I don't want to be getting cute and looking to short here or here.
Like as far as I'm concerned, if I can capture that,
like if I, if I'm accurate accurate enough, and again, it's
a case of being at the right place
at the right time
that's kind of a done move
for me, I don't want to be looking for
continuation trades right now
because I think
you're more likely to get chopped up
and it's just going to be pain, I think if you
get the opportunity to capture and lock
in these quick moves right now
until we do something more constructive,
the idea of taking swing shorts now seems irrational.
The idea of taking swing long seems irrational.
But if I can capture a few percent on a quick reaction off an obvious level,
then, you know, that's what I'd rather do, honestly.
Okay, makes sense yeah yep
right what else what else what's your opinion on if it was really bearish it wouldn't even do a retest
well the market can do what it wants like i don't really prescribe to that really it's amazing like
you know
it's funny actually um i'm probably a victim to that question in a sense of i don't i'm really
bad at taking those obvious like as far as i'm good for scalps but for like you know high time
frame sort of retests and stuff i i'm rubbish at um executing those trades. People like Duck and CBS, UB, UB is really good
at doing these kind of textbook retest trades.
They just are always like minus EV for me.
Because I don't like, I'm personally not a huge fan
of how obvious they are.
That's just a mentality thing.
So yeah.
Baba looks a buy here
and even better at 100.
What the fuck is Baba?
Bed Bath & Beyond?
I've never heard about...
Oh, Alibaba.
Why did I think it was Bed Bath & Beyond?
I need coffee. Alibaba why did i think it was bed bath and beyond i need coffee
alibaba no trading view no coffee bro
i don't think this looks good chart at all to be honest with you right
i don't know what you're saying this looks poo poo poo poo doo doo it's had a weekly trend into big resistance it's already
coming back down like just yeah i don't understand this one it just doesn't scream
you know i mean i don't think i'm going to retire on this one
what is alibaba group uh it's the express chinese amazon oh aliexpress
type thing yeah it's like tumu or temu and yeah it's
it's the it's the place where you buy uh an enormous amount of useless stuff oh i know
i might use this gadget
we'll get my girlfriend on
she's an expert
I got two younger sisters
oh yeah we didn't even look at Ethereum
Ethereum is so dead
that we didn't even look at it
let's end on Ethereum
and we'll just
light a candle, Everyone light their candles.
And we don't need to say anything.
You know?
We know what it's going to do.
It's broken the monstrous high-time frame trend line
that goes back to the last decade.
Oh, no.
Five years ago.
Almost the last decade.
Let's just say a prayer to all the dot east
well to be transparent i i do suffer from the pudgy penguin hold holdings of mine because of the
of this lovely pattern. Yeah. There we go.
Oh, in fact, it's yellow, isn't it?
It's yellow.
What's McDonald's?
Sorry, guys.
Don't go to McDonald's that often.
That's a lie.
Good for you.
There we go.
We'll end it there.
Any last questions, guys?
Any last charts or trades ideas?
Like, don't hesitate to ask anything.
Like, as you could see, quite often, Jim proves me wrong,
and that's why we gather all here together.
More viewers than the Aif price.
Let's go.
Long EF 1200.
Why?
Just ask yourself why.
You could have longed it at 1200 and it failed to make an all-time high.
Why would you do it again?
Why are you going to put yourself through that pain?
Well, maybe there will be some chicken nuggets discounts.
Vitalik.
Strategic partnership with Ethereum Foundation
with McDonald.
Vitalik donated, what, 12,000?
What did he donate?
100 ETH.
Is that right? He basically donated 15... I can't remember what it was.
I can't remember. There is a gross chart request. Grass. He donated 10 ETH.
Yeah, see, if you want to buy Ethereum at 1,200,
the guy just donated 10 ETH to the earthquake fund.
Grass.
Oh, good Lord. grass oh good lord nah not buying it man not buying it I mean in those dips in those hard times when it's clearly not a market of like buy anything and you
will make money.
I always question myself why I would buy something completely without any fundamentals and anything meaningful in those tokens.
When I can get very cheap tokens that have something, like at least something.
So I don't know.
At least it's not a tier one setup, then I just, yeah,
this I will long.
This has basically been in the downtrend since inception,
and you're hoping that it changes.
Sadly, you should literally go touch grass.
Yeah. If you check red, I don't have any of their tokens.
Red?
Yeah, red, the short squeeze one token.
Oh, is that on DEX screen now?
Yeah, but it should be on Trading view too they are listed on binance
if you do crypto yeah red usdt yeah it looks like yeah exactly
let me just get my magnifying out close out see the squeeze we're all about
yeah it was like great trade but now i don't know oh this one this one yeah oh
it was like great trade but now i don't know oh this one this one yeah oh yes then it's down only
and i don't know i've i i sold the last uh spot back at 55 cents and i really like the team but
i'm sorry but well the chart is awful yeah good team bad chart yeah tell me about it
okay guys let's see what happens see what happens
this is you know it's just i think i think unless you're a really bad light season trader
just wait for something
constructive you know more likely to get chopped up than anything for the next few days probably
but if it reclaims this april open and uh es can do something constructive here then you know
guys join us in our discord crypto cantina uh or, or Cantina. Yeah, a bit embarrassing,
but I don't remember the name, and our Telegram, where we talk about the crypto market all the
time, and quite often there are trade ideas, for example, from Jim. On Friday, when we were live with SKU, there was a Fortnite scalp.
I made my chicken nuggets money on that.
So, yeah.
If you feel like being close with us,
feel free to join.
It's completely free.
Oh, yeah.
Yeah, you just need to tolerate murder.
That's the only rule.
All right.
Cheers for tuning in, guys.
Appreciate it.
Stay safe.
Thank you very much, and see you next week.
Bye-bye.
