Skip to content
Get App

Bitcoin Still Consolidating at the Top! - Live Trade Analysis

Live Bitcoin trade analysis with bullish outlook, technical chart insights, and market strategy by Matt McGregor and Tone Bay.

Key Takeaways

  • Bitcoin remains bullish above key moving averages on multiple timeframes.
  • Technical analysis supports a potential rally continuation with healthy pullbacks.
  • Avoid relying on extreme long-term price predictions; focus on current price action.
  • Successful trading requires discipline, patience, and understanding of chart patterns.
  • Community and education are valuable for improving trading skills.

What the video covers

  • Hosts Matt McGregor and Tone Bay discuss Bitcoin's current consolidation near $86k-$90k with bullish sentiment.
  • Matt highlights successful trade calls from previous shows, emphasizing key technical levels like the triangle breakout and moving averages.
  • The weekly and daily charts show strong closes above moving averages, supporting a continued upward trend.
  • Potential short-term pullbacks to key moving averages are acknowledged but seen as healthy retracements.
  • Matt criticizes long-term price forecasts without accountability and encourages focusing on candle-by-candle price action.
  • Discussion includes technical indicators like MRI counts and moving averages across multiple timeframes (4-hour, daily, weekly).
  • Tone Bay and Matt briefly touch on stock analysis, including McDonald's, and the importance of cautious trading strategies.
  • They address viewer questions but emphasize clarity and understanding before engaging with complex topics like 'window dressing'.
  • The video promotes a trading Discord community for learning and support.
  • Overall, the hosts maintain a cautiously optimistic stance on Bitcoin's price trajectory with readiness to adapt if bearish signals appear.

Answers

Questions about this video

What is the current Bitcoin price outlook according to the video?

The hosts are bullish on Bitcoin, expecting continued strength above key moving averages with possible short-term pullbacks but no major bearish reversal unless proven otherwise.

What technical indicators are emphasized in the analysis?

The analysis focuses on moving averages (7, 30, 50 simple moving averages), triangle breakout points, and MRI counts across 4-hour, daily, and weekly timeframes.

Does the video recommend relying on long-term Bitcoin price forecasts?

No, the hosts discourage relying on extreme long-term forecasts without accountability and advise focusing on price action on individual candles instead.

Full Transcript — Download SRT & Markdown

00:03
Speaker A
Welcome, ladies and gentlemen, to this early edition of the Daily High with your host Matt McGregor and, of course, the fabulous Tone Bay.
00:13
Speaker A
The band's back together. How are you, mate?
00:20
Speaker A
Good, good. I'm in a new place. Nice background, right?
00:24
Speaker A
Yeah, yeah. And what country are you in?
00:33
Speaker A
Are you allowed to disclose that? I'm trying to keep that to a minimum.
00:47
Speaker A
But if people know me, I'm in Southeast Asia. For those that I have a chat history with, if they DM me, I'll let them know.
01:00
Speaker A
All right. Well, that's fair. I really am trying to keep a low profile now. I don't want to do public speaking. I don't know. I'm tired of the grind, public persona.
01:13
Speaker A
Yeah.
01:24
Speaker A
Yeah. Well, unfortunately for you, Tone, I know you pretty well. Your public persona and your off-camera persona is exactly the same person. So, you've still got to live with yourself whether or not anybody sees you or not.
01:39
Speaker A
So, that's your cross to bear.
01:49
Speaker A
All right, I'm going to go to the charts first because I did a couple of solo shows last week which weren't good without you, obviously, but I made some really good calls.
02:04
Speaker A
Right. So, I'd like to boast about them if you'll indulge me. So, as I go into the charts right now,
02:10
Speaker A
one of the calls I made on Friday or Thursday's show is that
02:20
Speaker A
I said at the time when the price was—oh, the price was down as low as it was right there at 82,300 because it had just come back down and touched the area that I'll show you on the 4-hour
02:29
Speaker A
time frame with the bottom side of that triangle. It was right on that, right on this show live on air, and I said I really love this. I think it'll come back down and bounce from here, and I
02:46
Speaker A
think that we'll end that week green, you know, once we get a close above that triangle and the 30 simple moving average. Other parts of the call which we did, and we had a tremendous
02:56
Speaker A
Sunday night in Asia close, and the Monday morning new weekly candle close was very, very good.
03:02
Speaker A
This candle's a D that should be red, obviously, right? And it should be red all the way down to there and now working its way back up. We're getting deep into the MRI count,
03:16
Speaker A
which you talk about, Tone, but as it stands on the weekly time frame, I love it. I love it across the board. I was bullish all last week. I mean, I've been bullish since the
03:31
Speaker A
green diamond came in, right? Still completely in my trade from 63,500. That's like 180% up or something pretty good at the moment because I'm 5x leveraged long.
03:45
Speaker A
Really, really, really happy with where Bitcoin sits, and as I always say, if you're above all the moving averages on the weekly, there is nothing to do.
03:52
Speaker A
Could I see a poor week coming in? Maybe it's even next week where we come back and retouch on the seven simple?
04:03
Speaker A
Yeah, of course. Of course, we have gone, except for that one week that sort of skyrocketed.
04:17
Speaker A
It has actually been in pretty good order. I think this rally, and I think there's still a lot of people in absolute dismay and disbelief that the bottom's in.
04:32
Speaker A
You know, it may not be, obviously, but I don't like talking about 200k by April next year, and I don't like talking about dropping down to 40k when we're sitting on the doorstep of 90k.
04:44
Speaker A
They're both equally as redundant in my books. We're sitting at 86. I'm not bearish at all until I'm given a reason to be bearish. I'm going to remain bullish and hopefully stay in this trade for years and years.
04:55
Speaker A
If that rolls over and we start to, I have to make some hard decisions, then so be it, right? But I don't like forecasting.
05:06
Speaker A
And I think that anyone who's got big long forecasts and is showing you charts on Twitter or whatever of like, "We're going to reject here and go down to 40,"
05:17
Speaker A
I don't think it's in your best interest to listen to those guys because they don't know, and if they're wrong, they have no accountability. Just play the cards you're dealt on a single candle, whether weekly, daily, or five-minute candle.
05:26
Speaker A
As you can see here on the daily time frame, tremendous close on the MRI forecast, which is very interesting to print that green star here. But look exactly where we closed that week was basically in line with the highest weekly close of this year.
05:32
Speaker A
And then to have the obligatory pullback to almost touch, and as I said all last week, the fact that we didn't even get bound to the seven simple, that it got bought up earlier than that once again.
05:42
Speaker A
I think in the next 12 hours this candle will turn green, and I think we'll have a green day on the daily time.
05:49
Speaker A
I just wonder if that's what they meant by Green Day, the band name. I don't know. I doubt it.
05:59
Speaker A
4-hour. This is where I wanted to do some boasting from last week because that's the exact candle I was talking about just earlier in this show when we came back down and we closed that candle.
06:13
Speaker A
We opened up the show at about this time right here. As soon as that candle opened and it started to drop down and right when it touched the bottom of that, we were live on air on Thursday night.
06:25
Speaker A
I said, "I love this. I love this. I think it's going to rally real hard off here." And I think if this candle can close above that 30, 50 simple moving average, it's off. Bang.
06:29
Speaker A
It went off. And then on the next night's show, as we started to pull back, I said I can see us pull back to at least the seven simple. But if we close around that area, then we just drop it back down to the breakout point,
06:39
Speaker A
which is exactly the breakout point of that triangle, which is right—look at this.
06:49
Speaker A
It's almost too obvious, right? And I like it when it's like that. Look, this is the breakout point of that triangle. Bang.
06:54
Speaker A
Retest the breakout point and then work our way back up. I didn't ever think that that was a bearish pullback because of that textbook pullback that we had and then a tremendous rally from there.
07:05
Speaker A
And now it's just like touching on seven simples, still above all the moving averages on the 4 hours, and I like it. I like it. I like it across the board. I'm bullish on Bitcoin.
07:15
Speaker A
Coming back to you in the studio now, Tone. Short and sharp analysis today.
07:31
Speaker A
We've got a whole week to get through, and I don't want to blow my wad on the first day, which I sometimes do—talk for too long and then have nothing to say for the rest of the week.
07:50
Speaker A
But it is a very interesting and exciting time to be into Bitcoin, and I think that it looks really good.
08:05
Speaker A
I'd love to have a look at some of the McDonald's. I wanted to pull up McDonald's again because we had a look at that on Thursday's show. I can pull it up. Remind me on my charts.
08:28
Speaker A
I'll do MDC. Please like and subscribe. Please share it with your friends. Thank you for supporting my solo endeavors.
08:46
Speaker A
But it's so much nicer to have you here, Tone. Please scan that QR code if you're interested in trading yourself and joining a great Discord group that can hold your hand through the process of learning how to trade like the big boys.
09:00
Speaker A
Tone Bays, what are we seeing, mate?
09:16
Speaker A
All right. Before I forget, I don't really understand this question. Matt, can you question for Tone?
09:32
Speaker A
Is it a possibility that the window dressing of the last queue includes Bitcoin? So now we're unloading?
09:49
Speaker A
I have no idea what this is. Who's just—just Mar, Mar, whatever your name is, 851, please. Who's the quote, quote-unquote window dressing? What is that? Because I'd have to understand the quotation to get it.
10:01
Speaker A
All right. Anyway, we're going to move on. I don't understand the question. If you want to rewrite it, I can certainly entertain it.
10:15
Speaker A
So, monthly chart, we are close to break.
10:29
Speaker A
it again. Do you know what I mean? So, it's like a And now Tone's had a crack at it. So, I do, I mean, we both love the Lucas, you know.
10:35
Speaker A
So, um, in this particular modification, uh, yours will look a little bit different, actually. Uh, but it does. I I I peg mine across the weekly time frame or you can choose to peg it across the monthly time frame for
10:49
Speaker A
stocks. So this is on the monthly, but uh we're about to flip that. So then we become bullish from the SARS perspective as well.
10:57
Speaker A
Yep. We are in the final candle of a one to four month uh deadcat bounce. So we do have to be a little bit careful here that we don't make a significant top and then start to pull back. And if we start
11:12
Speaker A
to pull back, we will need to make the analysis whether the pullback is going to take us to brand new lows, which I believe is unlikely or it will simply reach uh a uh where are my Fibonacci? It
11:30
Speaker A
will simply reach Oh, is this the top one? No. Uh, if I put, let's say we top in the 90s, which I think we have a good chance at, and now we're looking at a a pullback to the 38, which is only at
11:50
Speaker A
78,000. Uh, but I think we can pull back more than that. Uh, the MRI resistance line is all the way at 111. So, we have a long way to go uh before we can break the MRI resistance line. So, that's the
12:03
Speaker A
monthly. Monthly isn't the most interesting thing right now. The weekly is the most interesting. We are currently on an MRI warning candle and this is only the first day of that candle. So, we still have a good 15 days
12:24
Speaker A
to identify a top here in this vicinity. It is possible the top is in, but I am now leaning to getting a proper blowoff top with the MRI. Um, and like I'm leaning towards this scenario, but I'm also leaning
12:44
Speaker A
towards the scenario because I want this scenario to happen, right? So, I'm like projecting what I want to happen. Uh therefore I do believe that we will go ahead and make a new swing high either on current candle or next candle uh is
13:03
Speaker A
when the a new high comes in probably on current candle we're going to get a new swing high something in the 80 something above 88,000 I believe we will break 88,000 this candle and now the question becomes where is the top because we will
13:22
Speaker A
have a good week and a half to spot this top. Will 100K 99500 I will take the significant under on that. My cap on the top basically sits at around 92. I would be incredibly surprised if we break 92,000
13:48
Speaker A
in the next two weeks. I think that's when the top is going to be made somewhere between 88,000 and 92. I am leaning a little closer to 92 then to 88. Something in that 90 to $91,000 range would create a nice stop. Uh
14:06
Speaker A
probably next week, but potentially this week and on an outside chance, the last week of October is possible as well. I I what I always think what what I ask myself like what will hurt the most amount of people. I think not enough
14:25
Speaker A
people have bought in from the bottom. I think they're waiting for a pullback. So I just think it'll keep going until it hits like near 100,000 or 100,000 and then people will be like [ __ ] All right. Now it's time to buy because you
14:40
Speaker A
know I missed it. I I should have got in at 58, but it's up 50. It's up 40. It's up.
14:46
Speaker A
It's up nearly 100% this year. And then they got to get in and then the pullback will come and the panic selling. And you know, that seems more obvious.
14:56
Speaker A
Um, yeah, it's possible. I'm still leaning towards the low 90s followed by a pretty significant pullback that's actually going to scare people. And on this pullback, my uh most optimal and perfect buy zone becomes in the low 70s. We don't have to
15:18
Speaker A
go that low. Anything as low as low 80s is a good enough pullback. However, if we do go to low 80s and uh upper 70s, we are creating a bit of a double bottom. And uh I'm I'm going to
15:37
Speaker A
be a little hesitant to buy in the upper 70s. I may uh be interested in buying a bounce off of low 80s if I see that bounce happening off of a support level like uh uh like the Fibonacci like a
15:56
Speaker A
moving average, maybe an MRI buy on a weekly. Uh so one of these opportunities also the longer it takes for the uh the 200 and the 128 day to catch up. Uh and the 128 day is here's the daily. I have
16:13
Speaker A
to open up the moving averages. Uh the 128 is all the way down here. Uh but it will start rising fairly quickly once we get rid of these candles. So let me see how far back we have to move.
16:29
Speaker A
Oh, this is only 50 bars. Yeah, it's going to take a while. Uh, so this is 128 days back.
16:38
Speaker A
Yeah, it's going to take a while, but uh we're right now it's about to start rising because we're going to be knocking out these very low candles and we're they're going to start getting replaced with these very high candles.
16:51
Speaker A
In fact, I should probably use tomorrow's candle as the base. If you go back 128, you see that we have not even started knocking out these very low prices. So, this moving average is about to start finally uh going up and I'm waiting for
17:10
Speaker A
it to get above the 200, which is the top of the wave right there.
17:14
Speaker A
I just want to throw up a comment here. Um it's just I'm just impressed. uh from ghost leads game m um I'm 70% loaded up from 85 to 60k but I'm keeping 30% cash till we get a retest of the 200 simple
17:30
Speaker A
moving average on the daily which is that zone Tone's talking about particularly probably when by the time we get there it could be a bit higher um well played sir uh my question to you please answer in the chat the additional
17:42
Speaker A
30% what would be your plan if we don't get that pullback would you What at what price would you throw it back in? If you were good enough to get 80 80 uh sorry 58 and 60k, you would have an answer for
17:56
Speaker A
that. I'm sure. I'd love to hear it. You know, I would go the other way to be honest with you. We've gone up a lot and there hasn't been a single significant pullback. If we do get a move,
18:07
Speaker A
especially if this move is above 92, if we're getting into the mid 90s, I would be so comfortable cutting that position down. You can always get go in a 100% once it actually starts breaking a 100, but the probability that we're gonna
18:25
Speaker A
find a top before we break 100 and have a 20 30% pullback to then load up and go fully 100%. Um, that's what I uh would be doing.
18:38
Speaker A
Yeah. And and I and I disagree just simply because like I'm I'm in from 63.
18:42
Speaker A
I didn't do as good as Ghost Leaders Games. Um, however, um, I I don't think you can you can put a price on getting in at the right spot. If you're if you're an investor looking for like a
18:55
Speaker A
four-year trade or something, continually chopping in and out, you got to continually be good over and over and over again. If you were if you nailed the spot and you could ride that to the moon, one trade can change your life.
19:08
Speaker A
That's just sort of my my theory. But I you it's funny Tony and I you you and I you you know I'm like a day trader and you're a swing trader and we're taking like the opposite [laughter] yeah side of this you know.
19:22
Speaker A
All right so um so the weekly is um I hate the fact that this candle hasn't updated. Maybe tomorrow it will uh and uh I think we are going to get a little bit of a push up for one more top before
19:38
Speaker A
the eventual pullback. Uh the daily gave us a beautiful green star candle yesterday. Uh a a little surprising. I personally don't expect Bitcoin to go up over the weekend. Uh we did uh reach a high on Friday. Uh pulled back down. We just
19:57
Speaker A
made up for that over the weekend. Uh we're now consolidating to kick off Monday morning. Um I think this candle uh will hold 86,000 and now I am looking for a daily MRI top. Now this is going to be interesting
20:15
Speaker A
right because the daily MRI top will come at the end of this week and if we do get the daily MRI top is that going to be the top between the daily MRI and the weekly MRI. uh because if today is
20:30
Speaker A
Monday, we got basically Friday or Saturday is the daily MRI top just as the candle is rolling over. So we are setting up for a potential daily MRI top inside a weekly MRI top or at least you know one or two days before the weekly
20:46
Speaker A
candle becomes the weekly MRI top candle. And in my view I will call this a top if we actually significantly rise.
20:57
Speaker A
What does that mean? Significantly rise. I want to see us uh break 89 even by $1, right? Like I want to see us in the vicinity of 89. I want this top to be significantly noticeably higher than the
21:13
Speaker A
prior top. And right now we're not. We're literally double topping. And you guys know what I think about double tops. They're not tops, right? So, the higher we go into this daily MRI top, the more likely I am to call the top of
21:28
Speaker A
this upswing from 58 uh on that candle. But if we continue to consolidate all week long, whether we make the MRI top on the daily or not, I will not consider a top and I will then hopefully see a continuation breakout
21:50
Speaker A
for a second consecutive daily MRI top. Or let's say we break the count. Let's say we end up uh going up let's say a lot today and then we break the count and we don't actually reach the MRI top
22:03
Speaker A
because we start pulling back as of tomorrow. Uh and then we can reset and start a new daily MRI trend because we still h can we still have a chance to get a second consecutive MRI top in line
22:21
Speaker A
with the weekly. So, what I'm saying is we got room for the current MRI top on the daily to be in line with the weekly and we got room for the next daily MRI top to be in line with the weekly and we
22:35
Speaker A
got room for both consecutive. In fact, both consecutive is the shortest path probably. Well, actually, maybe not.
22:44
Speaker A
Yeah, actually both two consecutive is the shortest path because by the time we break the count and start a new count, we're going to lose more days than if we just get to the MRI top now. So, hope
22:56
Speaker A
that made sense. I don't like the fact how we are running away above all these moving averages and we're getting way way way overextended. I am going to slide this over. I am now thinking we are more likely to reach it somewhere in
23:12
Speaker A
this zone sometime in November is the more likely path to uh that 70s. I can go ahead and delete this arrow now. I do think this is the more likely path. I I have not ruled out low 70s but I think
23:29
Speaker A
it's going to happen a little bit later than I originally expected. I draw a new trend line and and to be clear in the low 70s would you consider that like going back three years ago when it was the greatest buy
23:41
Speaker A
of all time to get throwback into the 200 simple moving average and would you consider that a great buy or would you can would you be cautious?
23:49
Speaker A
I will be watching for signs of a great buy. Uh things will need to line up, right? It's hard for me to say now before the move even happened, but if it plays out uh with, you know, the MRI and
24:06
Speaker A
bouncing off a moving average and give me a nice reversal candle, then yes. Uh if it's playing out uh if there is if there are TA signs of a reversal, then yes.
24:18
Speaker A
Yeah. Yeah. Uh because if there are no signs for a reversal, then we can keep going down.
24:25
Speaker A
So, I can't sit here right now and say that it's a generational buy until I see it happen.
24:31
Speaker A
It has to the stars have to align, right? Uh like we need something like this and then somewhere around here where this arrow is. If this right here is if this right here is like is 71.
24:50
Speaker A
Yeah. And this is 74 and this is 75. Then yeah, I can already start to call this area low70s uh a generational buy.
25:02
Speaker A
Yeah. So the hourly MRI once again called the top perfectly. It doesn't happen every time. You can see right here we had an MRI top, but this was more of a top in consolidation. It wasn't anything substantial. But this was not a top in
25:22
Speaker A
consolidation. This was a big breakout and obviously it tops the market had a textbook four candle pullback with the reversal. I'm liking this triangle again. I'm talking myself into a bullish stance. I'm liking this ascending triangle right here for a
25:47
Speaker A
breakout later today hopefully new highs. Let me clear 88 right there. Okay. So, anything above 88, ideally 89 gets us um a clean higher high in line with the daily with sorry with the weekly MRI top and possibly daily. I
26:17
Speaker A
mean, this is not going to this is not going to happen in the next five hours.
26:21
Speaker A
So, this is a longer term view. All right, enough Bitcoin talk. We are still looking good on the cycle trend. Gold stopped falling for a minute. Oil uh still trending down. We're not going to have anything on rates. I can
26:40
Speaker A
probably delete this chart. I got to wait a month anyway to see anything new on it. I'll pull it up uh at the end of the month. Uh S&P about to hit new highs as well. That actually goes well for
26:51
Speaker A
Bitcoin. I like it. And we have stocks. Let's look at that McDonald's chart. Yeah.
27:00
Speaker A
Uh there's just a question here before you do it. We either rally 25% I'll bring it up like this. Just I just want to comment on this. We either rally 25% and maybe dip back to the area of uh
27:14
Speaker A
[snorts] or experience a 25% correction down from here. Why not simply divide your total allocation into a daily DCA strategy? Man, I I can DCA strategy is for grandmothers. We're traders. And there's nothing wrong with the DCA strategy. I tell that DCA is fine. Uh
27:36
Speaker A
even if like like you do use something like alpha where it's like the wave is red, you start your DCA, the wave is green, you don't you just hold and goes up. Like something like that, something that give you the edge. I I'm like all
27:48
Speaker A
in on green diamonds that I'll hold until like like a long time. And I I can prove I can prove to you um that over like the last seven years or eight years, 10 years, whatever chart, whatever time frame that I could beat
28:05
Speaker A
the DCA strategy by like thousands of percent. Um, so DCA is excellent if you don't know what you're doing, but I would like to think we have more of a sophisticated outlook on trading than that. Tone McDonald's, when are we
28:20
Speaker A
buying? Well, as you guys can see, I expected McDonald's to go up with this breakout.
28:26
Speaker A
That's what I'm assuming this was for. Now, we did go up not to the levels I expected. Um, only went up went up about halfway. I thought we'd go up 90 bucks.
28:36
Speaker A
It went up 45. It reversed on a dime. So, something must have happened here.
28:42
Speaker A
And we are coming up on a monthly MRI buy. The last time that happened was all the way in 2000.
28:49
Speaker A
So, can can you can you can you scroll back because there was a monthly green diamond and that's what I want to see.
28:58
Speaker A
There she blows. What a 2000 crash. Yeah. Jesus. Yeah. and and and like and then look at but look how it like sits above all the moving averages like look how perfect the MRI called it.
29:10
Speaker A
Right. Right. Right. Right. Right. That's your generational buy right there, ladies and gentlemen. That's what we'd call a generational buy. Um and but see I could actually envision this happening again here. Like we we look it's like an over over uh exaggerated
29:26
Speaker A
drop here. Imagine getting a monthly green diamond that like how many times has it ever happened in the history of McDonald's? Sorry. Sorry I keep banging this microphone.
29:36
Speaker A
Um Um I'm trying to see if there was any other monthly MRI buy. Yeah. Or monthly green diamond. Look, see like something like that. Like it's just it's just go down the bottom. I'll keep going back. Yeah, there's got to be
29:46
Speaker A
one down there. No. No. There's There's been one monthly green diamond in the history of McDonald's. Imagine snagging the second ever. I just feel like And there's only been two MRI buys and they were both perfect. I mean like like
30:01
Speaker A
this could not be any more perfect. It literally marked the low. Let's have them both. Let's have them both on the same candle on the same month. How many How long have we got?
30:11
Speaker A
Next month. Next month. Next month. Yeah. Yeah. Yeah. Imagine like imagine down like down on the MRI support resistance something like that on the monthly.
30:21
Speaker A
Yeah. Just snagging it. Well, here's a weekly green diamond for you. Yeah. Yeah. But the MRI didn't do a good job. came in early, but the MRI did a better job back here. There was no diamond.
30:33
Speaker A
Yeah. And the MRI did a great job over here. There was no diamond. And green diamond there. [laughter] Green diamond. Yeah. MRI didn't come in.
30:44
Speaker A
It fell too fast. Yeah, that's co. Got to be co just missed it. Yeah. Co CO fell too fast. The MRI is not good. And uh when something falls too fast.
30:56
Speaker A
All right, enough of that. Yeah, but but you get the you get my point. I actually think there's a I think there's a buy at McDonald's to be honest.
31:04
Speaker A
Yeah, that buy is going to come in. There'll be a weekly MRI buy inside a monthly MRI buy. So, we got three more weeks and that's already going to be end of October. And uh yeah, they're going to they're going to align. The weekly
31:15
Speaker A
and the monthly are going to align. We just wait for the daily. Just look just to to tack on to uh Gibbons 70 47 brother what you said about the DCA and I was not picking on you DCA is a fine a
31:29
Speaker A
fine methodology but let's just say instead of DCA DCAing every week you just saved 50 bucks a week in in a in a bank account whatever okay and then uh a monthly green diamond came in on McDonald's and you just put it all in
31:46
Speaker A
you DCA in on one bum and then just said, "H, I'll come back to this in six years, 10 years." I guarantee you, you'll make a lot more money than DCN every week. you know, it'll just you'll just make so much more money on one
32:02
Speaker A
solitary buy, which is a a blue chip stock, a Bitcoin, a a McDonald's, a Coca-Cola, maybe a Nike, I don't know, but uh something that's just not going anywhere and then just buying buying it in one crack on a just and just even if
32:18
Speaker A
it goes a little lower, does who cares? Doesn't matter. Just you're done. Less is more.
32:23
Speaker A
All right. Uh we're 30 minutes in. I'm good. Um, I don't really have anything else.
32:30
Speaker A
No, because we got it's only Monday. We don't want to do too much on one day.
32:34
Speaker A
Yep. S&P. Oh, we gonna Oh, here we go. Yeah. Okay, cool. Yeah, but go.
32:39
Speaker A
No, no, nothing S&P. I mean, it uh it's not open yet, is it? The market's not open yet, right? And it's Monday morning, so actually I I don't know where it's going to open. I I don't have the future chart up, so we'll
32:49
Speaker A
have to do the show tomorrow. All right. I'd love that. All right, guys. What a what a pleasure it is to have the team back together. Um I hope that Tone's available tomorrow night once again. We're a little bit earlier
33:01
Speaker A
for American folks, especially like out out west. You guys will be What time is it in California right now? Early.
33:08
Speaker A
Really early. Oh, it's early. It's like 5:20 a.m. in California. Hey, um somebody keeps commenting a lovely lady that I keep banging this table and it's I try to put this under my thing. I can't help it. I'm a banger,
33:20
Speaker A
right? Um, I need to get either like a mic stand or uh get like some kind of like flame retardant defiill under this because apparently it's really annoying. Everything I do is annoying. Sorry. Go talk to my wife.
33:34
Speaker A
She'll tell you. All right, have a lovely day and we'll see you same time tomorrow. Go Bitcoin. Bye, guys.
Topics:Bitcoincryptocurrencytechnical analysistradingmoving averagesprice consolidationbullish trendMRI countlive trade analysisfinancial summit

Get More with the SozAI App

Transcribe recordings, audio files, and YouTube videos — with AI summaries and speaker detection. 30 minutes free.

Or transcribe another YouTube video here →