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This Is Just the Start of a MASSIVE Bitcoin Move!

Bitcoin breaks out after 79 days of sideways movement, signaling a potential new bull market fueled by US Treasury bond buying and altcoin rallies.

Ask about this video. Answers come from its transcript only — with the timestamp, so you can check them.

Generated from the transcript and can be wrong — check the timestamp.

Key Takeaways

  • Bitcoin’s breakout above key resistance and moving averages suggests a potential start of a new bull market.
  • US Treasury bond buying is a major fundamental driver behind the recent crypto price surge.
  • Altcoins and Ethereum are also rallying strongly, indicating broad market participation.
  • Market sentiment has shifted from bearish to bullish, with increased optimism and trading activity.
  • Historical patterns and data support the possibility that the bear market ended earlier than expected.

What the video covers

  • Bitcoin broke out of a 79-day sideways range around $64,000, reaching nearly $72,000, breaking a downward trend since October 10.
  • The breakout occurred above the 200-day moving average on both daily and weekly charts, indicating strong bullish momentum.
  • The presenter discusses two scenarios: an extended bear market or a surprise early start to a new bull market, leaning towards the latter.
  • Historical data from the previous bull market starting in March 2021 is used to support the possibility of a new bull run beginning now.
  • Ethereum and altcoins are also showing strong performance, suggesting the move is not limited to Bitcoin alone.
  • A key catalyst for the Bitcoin surge was the US Treasury's announcement to double its purchases of long-dated bonds, effectively restarting money printing.
  • This bond-buying intervention aims to lower US debt yields, which historically occurs when yields approach or exceed 5%.
  • The presenter highlights the positive market sentiment returning, with increased activity, optimism, and green charts across crypto assets.
  • Discussion includes the impact of recent news such as Elon Musk’s X exploring stablecoins and regulatory developments around Hyperliquid.
  • The video encourages viewers to watch altcoins closely as they are currently outperforming and may lead the next phase of the crypto rally.

Answers

Questions about this video

What caused Bitcoin's recent breakout?

Bitcoin's breakout was triggered by breaking a downward trend and moving above the 200-day moving average, supported by the US Treasury's announcement to double purchases of long-dated bonds.

Is this breakout signaling the start of a new bull market?

While it's too early to confirm definitively, the breakout above key resistance levels and historical data suggest a strong possibility that the new bull market has begun.

How are altcoins performing in this market move?

Altcoins, including Ethereum, are showing strong gains alongside Bitcoin, indicating broad market participation and a potential altcoin rally.

Full Transcript — Download SRT & Markdown

00:00
Speaker A
After 79 days of hell, and after 79 days of absolute torturous sideways movement of Bitcoin being around 64,000, 79 days, we finally had the breakout. Now we're almost at $72,000.
00:15
Speaker A
With that move, we broke down. We broke up through a downward trend that we've been on since the 10th of October.
00:21
Speaker A
That's the 10th of October high. And that's the downward trend that came from the 10th of October. I think we can say now that we've broken through it not only on the daily, we've broken through it on the weekly as well. A massive,
00:31
Speaker A
massive, massive breakout. At the same time, we're also above the 200-day moving average. So, we're above the 200-day moving average on the daily and, of course, on the weekly, we're above the 200-day moving average. I did tweet the
00:41
Speaker A
other day and I said, what if the end of the bear market actually caught us by surprise? What if all of a sudden everyone who's sitting here expecting the bear market to end at the end of October, what if something happened? And
00:53
Speaker A
I broke it down into two scenarios. And I said, you know, scenario number one would be that the bear market extends for much longer than we expected. Right?
01:00
Speaker A
That would be one of the scenarios. The other scenario is that we got something out of nowhere. And that something out of nowhere actually sparked off the new bull market. Now, it's probably too soon to say that we're in the
01:12
Speaker A
beginning of the new bull market, but it definitely is a scenario that I want to discuss. There are a lot of people that are sitting on the sidelines and saying, you know, we're expecting the end, the bear market to
01:21
Speaker A
end in October and the new bull market to start somewhere around November or December. But I think that a lot of people actually got caught by surprise and I think that there is a chance that
01:32
Speaker A
this may be the beginning of the bull market. Now, why do I say that? I don't just say that. I'm actually going to base it on a whole lot of data. One of the data points is if you look at how
01:40
Speaker A
the previous bull market started, look, let's look at the previous bull market. If you look at the chart of the previous bull market, this is the bear market. This is 2021. That's the high of 2021. And we went all the way
01:52
Speaker A
down somewhere here on the 9th of November is where FTX collapsed. But then you can see that somewhere here in March, the new bull market actually started. It was somewhere over here. And what actually happened there was very similar to what happened
02:05
Speaker A
yesterday. And that's what we're going to be discussing today. So yes, I know that everyone here has been expecting the beginning or the end of the bear market to happen in October, but there is a chance that
02:17
Speaker A
we got caught out by surprise. Here we are today. Everything's green. We're going to talk a lot about the altcoins. Which altcoins are actually running? I mean, one thing that is really, really, really encouraging is ETH. Look at ETH. 2,000, almost 2,300.
02:31
Speaker A
Look at the ETH BTC chart. Look at that candle of ETH versus BTC. That shows us that this move might not only be a Bitcoin move. And of course, when you look at the bubbles,
02:42
Speaker A
it's definitely not a Bitcoin move. It's definitely not a Bitcoin. So, we're going to discuss all of that. We're also going to check in on Trump's little shill for Hyperlid yesterday. I'm sure you guys saw this. We'll talk about
02:50
Speaker A
that. We'll talk about what it means. We'll talk about how long it's going to go. Guys, we're back. We're back. It feels like we're back in a bull market.
02:56
Speaker A
Let's get the show on the road, guys. I just want to feel again. And today was one of those days where I don't know, just feel. How do you feel, bro?
03:14
Speaker A
Jonah, do you feel today, bro? I do. We just feel, we just feel alive. There's, there's action again.
03:20
Speaker A
The bubbles are green again. Everyone's smiling again. People are making money again. All of a sudden, the industry's gone from being like hopeless, useless, people trying to give up to, you know, like everybody's excited again. Crypto's the new trade. I want to show you
03:34
Speaker A
exactly, exactly why that happened. But I did actually say that this would be a potential scenario. And the potential scenario was that the bull market or the end of the bear market would catch us by surprise. And that's what crypto always
03:46
Speaker A
does. It does the unexpected. Everyone had given up hope. Everyone had given up hope. Everyone said that the bear market was going to last until October and then we're going to bottom in October and then we had one
03:59
Speaker A
green candle and that's really all it takes in Bitcoin to give us one green candle. The interesting thing is that that one green candle took us above the bull market support band and yes, we actually closed above the bull market
04:12
Speaker A
support band yesterday. So that's, I mean, one daily close doesn't make the end of a bear market but we did close above the 200, the bull market support band and now we're much above the bull market
04:24
Speaker A
support band which means that there's quite a lot of room for error in order for us to still close above the bull market support band which is kind of like the indicator of whether we're in a bull market or a bear market. In
04:35
Speaker A
order for that to, in order for Bitcoin to close below it, Bitcoin would have to drop somewhere to around 69,000.
04:43
Speaker A
And just for reference, we're now at 71,500. So, super encouraging. Super, super, super, super encouraging. Let's talk about what actually happened. What actually happened yesterday that caused Bitcoin to actually spike out of nowhere and what caused Bitcoin to actually spike
04:57
Speaker A
more than the stock market, more than gold, more than silver, more than everything else. Just quickly, just look at it.
05:03
Speaker A
It all came, it all came around this announcement over here. This announcement over here was an announcement from the Treasury. And effectively what the Treasury said is that they're going to start buying more of their long-dated bonds. They're going
05:14
Speaker A
to double down on the long-dated bonds that they're buying. Now, that sounds like a whole lot, a whole lot of jargon, but let me try and break it down for you very simply, right? Currently, the US is buying $2 billion of its own long-term
05:29
Speaker A
debt. 10, 20-year sector, 10, 20 and 30-year sector. Currently, they are buying a maximum size of $2 billion every time they buy their own debt. Now the whole concept of the US buying its own debt is bizarre but that's actually how
05:44
Speaker A
countries operate, right? So they issue debt and then if there's no one to buy their debt, they buy the debt themselves. Like, I know it sounds crazy that they can do this but if you're a country you can actually do it like you say, how
05:57
Speaker A
am I going to finance my new bridge? Well, I'm going to issue debt and then I'm going to buy the debt myself. So basically what that is is money printing. It's just another word for money printing. And what the US has basically
06:08
Speaker A
done in a nutshell, and I'll break down the nuances in a second, but what they've actually done is they said we're going to start buying double. So double, we're going to buy $4 billion per operation instead of $2 billion per
06:20
Speaker A
operation and this will be effective from September 9th. Now essentially think about it like this, right? There is a debt curve. What is a debt curve?
06:28
Speaker A
It's the interest rate on US debt. And if you look at the interest rate on US debt, currently the US government is paying 4.6, 4.7% to borrow for 10 years. This is the US 10-year debt. Now,
06:43
Speaker A
interestingly enough, if you look at history, every time, and this is the last time that it happened, that the debt, that the yield on debt that the US has to pay more than or close to 5%, they intervene in the market. And what
06:58
Speaker A
they mean by intervene in the market is they buy back their own debt and that brings down the yield on the debt. The reason why they have to do this is because they hit $40 trillion
07:07
Speaker A
worth of debt. And if you think abo-
07:20
Speaker A
is it's trying to reduce the the the the rate on its long-term debt. The reason why it wants to reduce the rate on its long-term debt is about think about all the banks that are holding a whole lot
07:29
Speaker A
of US long-term debt. The minute that you reduce the coupon, the value of the debt actually goes up, which makes the banks more solvent. If the banks are more solvent, that means they looser on credit, which means that they lend more.
07:40
Speaker A
They give they give bigger credit lines, etc., etc. And so that's basically what's going what's going on. The US is effectively entering into what they call yield curve control. They are controlling the long end of the yield by
07:53
Speaker A
buying more of their long-end debt. Crazy, right? Now, the market basically saw this as the Fed caving or the Treasury or the US caving. They basically said, "Look, every every I think Lynn Lynn Alden actually said it pretty well, and I wonder if she if I've
08:08
Speaker A
got a tweet. I don't actually have a tweet, but she said, you know, every uh Treasury Secretary basically goes in there, and as soon as something happens, they start supporting the currency." And that's exactly what happened. Now, Scott
08:20
Speaker A
Besson has been supporting the currency. He I mean he intervened in the Japanese yen and now he's basically intervened again which basically sent a message to the market that the Fed or or the the US is is going to start the money printers
08:33
Speaker A
again effectively. I mean we can nuance it as much as we want but effectively it means that the era of money printing is back and as soon as and of course we know that Bitcoin loves money printing right and so we got back and that's how
08:45
Speaker A
that's why Bitcoin responded all of a sudden we got back into this this era that Bitcoin actually loves right and that is the era of money printing and that's why B bit Bitcoin bas basically responded like this in fact no I'm I'm
08:58
Speaker A
lying to you this is not why Bitcoin responded like this it's why Bitcoin bounced and then the problem is that there were So many people that were short. Okay, so so many people were betting against the asset class. So many
09:10
Speaker A
people were betting around the fact that the bottom is going to be in October and there's one more leg down and so many people are still doing it that these guys were short and you know what happens when you get short and then all
09:21
Speaker A
of a sudden an announcement comes out and the announcement actually starts to move Bitcoin. Let me show you what happens. I want to I want to show it to you in a candle. Okay, that my friends is you see the red? The red is all the
09:33
Speaker A
shorts that got liquidated. It's the biggest short liquidation of all time on Bitcoin. So, it's the equivalent of 1010 but on the way up basically. So, on the way up, we liquidated all these shorts.
09:46
Speaker A
The open interest basically dropped completely. So, that's the Bitcoin price going down and that's basically all the short leverage getting liquidated. So part of this to be honest is a short squeeze, right? So it is a short squeeze. It doesn't matter that that
10:01
Speaker A
that it's a short squeeze. It's a short squeeze. I'll explain to you why I say it doesn't matter that that it's a short squeeze. If you think about the previous bare market, this is the 2022 bare market. 2021 2022 bare market. We were
10:15
Speaker A
in a very similar situation where we had gone down, FDX collapsed over here. We were chopping sideways. People lost complete faith in crypto. And then something happened and that something is similar to what happened this time. What happened here if you look here this is
10:30
Speaker A
around the 9th 10th of March. It's the 8th or 9th of March. You see that's that's pretty much what it is. And if you remember correctly it's the second biggest bank. So that was when one of the banks collapsed in in the US. I
10:43
Speaker A
think it was um what was the bank called? SVB. Okay. So this bank collapsed and when the bank collapsed the Fed basically stepped in and said it'll make available additional funding to eligible depository institutions to help assure the banks will meet the the
10:59
Speaker A
the needs of their depositors. So it was a wubble in the economy and it was a Fed intervention and the Fed didn't even do anything. They just said, "We will make available additional funding to eligible deposiitories to help ensure that banks
11:15
Speaker A
uh remain solvent." So, it's exactly the same as what happened here. The economy was in a shaky situation. The Fed basically said, "Okay, we're going to step in if we need or the Treasury in this case said, "We're going to step in
11:26
Speaker A
if we need." That caused a lot a big um uh short squeeze. And you can see the short squeeze over here. That was I mean it it doesn't look aggressive now but just to give you an idea of how
11:37
Speaker A
aggressive that short squeeze was. It was from 19,000 and eventually it topped at about 30,000. So Bitcoin more than doubled in that short squeeze and that was the beginning of the bull market. So this was the whole bare market and chop
11:52
Speaker A
chop chop. Look at like it's this is very similar to the period that we've been going through now like months and months and months of chop chop chop chop chop. They had another leg down. You we don't always have to have a leg down.
12:02
Speaker A
I'll explain to you what I mean by we don't always have to have a leg down.
12:05
Speaker A
Look at this. Let me find you. Yeah. So, look at this. This is the 200 um this is the 200 day moving average. Let's put onto the weekly and I'll show you what I mean in the 2017 2018 bare market. What
12:19
Speaker A
you'll notice is that we bounced off the 200E moving average. That was the lowest that Bitcoin went in that bare market.
12:25
Speaker A
Right time of course the time was very similar. It happened around October. So you can see that this was the time around October of the following year. Um but you can see we bounced off the 200WE moving average. Okay. Now here we went
12:38
Speaker A
below the 200WE moving average. So in the 2021 bare market we went below the 200WE moving average and we spent some time below there. But that shows you that sometimes the bare market can end by just touching the 200WE moving
12:50
Speaker A
average and sometimes we go below. Now, in this bare market, we just we've been hovering around the 200E moving average.
12:56
Speaker A
And then the Fed steps in, gives us the green light that they're going to start printing money and doing yield yield curve control. And then we get one big green candle, which is very similar to what happened over here. And that
13:10
Speaker A
started the bull market. And that bull market actually took us from let's go to March, that was March 2023, it's here, all the way up to here. It's five 500% on Bitcoin. I'm not even going to start talking about the old coins. So, very
13:25
Speaker A
very very similar different but but but very very very similar. Um yeah, the next thing that I want to point out is that when the money printer started, I'm going to call this this event when the money printer started. It's it's I mean
13:39
Speaker A
it's a nuance. It's it's nuanced, but what you'll see is that that gold printed a green candle, not as big as the Bitcoin green candle, but if you look at the stock markets, stock markets didn't really move. Now, generally, when
13:52
Speaker A
the Fed's going to print more money or when the Fed switches on the money printer, what you would expect is you would expect the stock markets to move also, right? The thing with the stock markets is that if you look at the RSIs
14:02
Speaker A
on the stock market, if you look generally at how overheated the stock market is, the stock market is basically it's overheated. The trade is is is a very very very overheated trade, right?
14:13
Speaker A
The the RSIs have been hovering between 70 and okay, now they've gone to to around 60, but that trade is an overheated trade. That's why the stock markets hardly responded to to this move. gold responded because it has been
14:27
Speaker A
on a breakout and the one that actually responded the most was Bitcoin and now everybody's excited about Bitcoin again.
14:34
Speaker A
If we have a couple more days of the short squeeze, if we have a couple more days of of um of of of momentum, then everybody's going to rush back into the Bitcoin trade. The first part of it is
14:45
Speaker A
the short squeeze, then no one believes the pump. Then it I mean I mean if you just think about yesterday no one believed the pump at 64 then it went to 65 then it went to 66 I was posting I
14:56
Speaker A
was hold on 64 doesn't excite me 65 doesn't excite me and then eventually I was like okay I capitulated I was I don't remember when it was but I was like hold on a second here where where is it let's have a look here so I said
15:08
Speaker A
um where was it you can see when I got euphoric see so I I said I can't get excited by 65,000 Sorry. You can actually see how people started coming back to crypto yesterday.
15:20
Speaker A
Watch. I actually want to show you this. This is actually quite a a a cool measure, a cool measure that we can look at. Look at all my previous tweets before I said I can't get excited by 64,000 242. Can't excited can't get
15:32
Speaker A
excited by 64,800. 242. Okay. Then this one 845. Then blah blah blah. We carry on going and then you see that people actually start coming back to crypto. 342 likes. I said, "Okay, at this point I was excited." Then one green candle, 527
15:49
Speaker A
people started coming and then eventually 1,800 likes. People started coming back to crypto just like they started coming back to crypto Twitter soon they will start coming back into actual crypto and we're going to start getting uh a big moves. So if we sustain
16:03
Speaker A
this move and for now it looks like it's sustaining. We'll land up going we end up going up. I guess the next key level is like 82. If we can get past 82 and we can put in this higher high over here,
16:15
Speaker A
then I think we'll silence a whole lot of the naysayers and it'll be it'll be absolutely crazy. The one other token that didn't move or didn't move like it was supposed to was STRC. Cuz reason why I say that is I kind of expected that
16:30
Speaker A
when Bitcoin started going up, MSTR started going up and I thought that I was hoping that that STRC would go, but the market still hasn't bought into the the STRC story. The reason why we want STRC, we wanted to get back to 100. I
16:44
Speaker A
don't know if it will get back to 100 anytime soon, but we wanted to get back there. The reason why we wanted to get to get back there is because if it does get back to 100, then Sailor starts
16:53
Speaker A
pouring more fuel on this fire, right? He starts buying and then we start pouring more fuel on this on on the short squeeze. But for now, uh still under the 95.
17:03
Speaker A
Um yeah, what else? So that happened. The altcoins obviously started going absolutely crazy. Um wow, we haven't we haven't seen a day like this in so long.
17:11
Speaker A
Hyperlquid up 21, 15% up on lighter. Um we'll talk about that. Even Monad's up.
17:17
Speaker A
Pengu is up 13.9%. Aerod Drrome up 20% long overdue move. Um everything I mean honestly wow like imagine holding a red token today. It's it it doesn't it's it's crazy. Um but the whole sentiment's changed. Even the fear and greed. We're
17:34
Speaker A
at greed. That doesn't sound like it, but it doesn't feel like it. We've been depressed for so long, but we're actually we're we're at greed on the fear and greed scale, which is it's it's quite crazy. It's quite crazy. For those
17:44
Speaker A
of you that have been here, there's like a few times that this happened. Um Luke Martin, who calls himself Venture Coinist, he said, "The last time we had this explosive one-day move deep in a bare market was April 2019. I actually
17:55
Speaker A
remember that volatility had evaporated. No one was trading. No catalyst was on the horizon. The six months felt like the last 6 months have felt. And one morning 100 million buyer forced a breakout that caused certain short liquidations and then there was an
18:10
Speaker A
entire vibe shift. And that's exactly uh what what's going on right now. And I think we deserve it. I mean, I hate to say we deserve it because the market doesn't actually care about us and what we care about and what we deserve. But I
18:20
Speaker A
think we deserve it. We've been abused for so long. I've been coming to work every single day for for so long. Um looking for for ideas, looking for crypto to buy while watching the stock market do all-time highs every single
18:34
Speaker A
day. And then like just when we got it was the lowest point like I must say I was very much at my lowest point in crypto the last couple of days. Don't know about you like all of a sudden like
18:45
Speaker A
how demotivated has it been the last couple of months? The down the downer and then like you get the one green candle and then that one green candle just makes you feel alive again, right? It just makes you feel absolutely
18:56
Speaker A
alive again. We saw people coming back from nowhere. We saw the energy coming back from nowhere and that was like one green candle. That's all it is. It was just this one one green candle. That's it. That's it. I mean, we basically
19:10
Speaker A
we were so abused and then we had a $10,000 candle in Bitcoin. Now, if we get another $10,000 Bitcoin candle and it can happen, it can catch us by surprise. Then we are back. Then we are back back back back back. Then it's
19:25
Speaker A
crazy. Then we crazy back. Um let's talk about alts because alts are actually flying. The alts are actually flying.
19:32
Speaker A
Specifically, the ones that I want to look at, ETH, ETH on a tear. I mean, ETH, Bitcoin went up. Let's quickly Let's just quickly look at the at the percentages. So, ETH went up about 21 a 21% move on ETH. Shows you that this is
19:49
Speaker A
a neglected asset and that Wall Street is now coming back into assets that are not only Bitcoin. Um, let's we can just look at Bitcoin. Bitcoin didn't go up.
19:56
Speaker A
Bitcoin went up like 15%. Let's actually look here. So, bottom to top, Bitcoin up 14%. ETH up 21%. That's the ETH BTC chart. That's ETH versus Bitcoin chart.
20:07
Speaker A
Quite a quite a big move for ETH, which is great. Um, the other one that went up a lot was Hyperlid. I don't know if you guys were watching this uh White House.
20:16
Speaker A
There was an event at the White House yesterday. At the event at the White House were a whole lot of um uh uh ex centralized exchange owners. That guy is from the New York Stock Exchange. He's from the CFTC. The Vinklvas brothers
20:29
Speaker A
were there. Brian Armstrong was there. Arjun from Kraken was there. All the all the owners of and all the the CEOs of of the centralized exchanges were there.
20:38
Speaker A
Trump pipes up. Chairman Celig authorized the first ever true Bitcoin perpetual futures contract on a CFTC registered exchange. First time. I understand that Mike is also working to bring hyperlquid into the United States in a fully compliant and legal fashion.
20:58
Speaker A
He's working very hard on that. So Trump brings all the centralized exchange bosses to the White House, congratulates them, they all congratulate him on being the crypto president of the world and this amazing thing. And then he pipes up with
21:10
Speaker A
Hyperlquid of all things and tells the whole world that they're working on bringing Hyperlquid to the US in a regulated way.
21:17
Speaker A
for hyperlquid the regulation risk in the US is probably the biggest risk to its its uh its dominance right and of course we know what Trump we know what happens to stocks or we have known what happened to stocks when Trump talks
21:32
Speaker A
about a stock I don't know if you remember but all these times like this is where Trump announced that he bought into into Intel that's when Trump announced that he he told people to go and buy Dell let me see if I've got the
21:41
Speaker A
I should have that video 50 million that's somebody and I want to thank the Dell Dell family. It's a great family.
21:48
Speaker A
So that's 8th of May and he says go out there and buy Dell and that's basically that that that sent the the the the Dell price flying. Um yeah, that's that's the Dell the Dell thing. Uh Micron Trump
21:58
Speaker A
said Micron is great. So every time Trump mentioned a stock, the stock price used to go up, but it never happened on crypto. And now he's he mentioned Hyperlquid yesterday. Hyperlid flew. The other one that flew was lighter and that
22:10
Speaker A
was like I I want to call it a a sympathy pump. It's like you know I'm going to pump because you're pumping.
22:16
Speaker A
Even though if you think about it logically if you think about it logically the if hyperlquid does well in the US lighter whose entire moat is regulation or we are the most regulated pers exchange in the US basically lose
22:30
Speaker A
their moat. So what should have happened was hyperlquid should have gone up and lighter should have gone down but they both went up because it's just when the music's playing everyone's dancing regardless of of who they are. Um yeah.
22:42
Speaker A
So yeah, old coins green all around. Um are there any specific altcoins that are worth looking at? I saw Pump Fun. Pump Fun is at 34 30 34 cents or 30 I call it 34 cents but 0, 03 near 0, 035. Um
22:58
Speaker A
Hyperlquid pumping uh lighter ETH up 18%. Canton up at is it back at 11 almost 10 and a half? um XRP that we don't actually talk about 120. We haven't spoken about XRP for a long time. Everything's up. Everything's up.
23:15
Speaker A
Even you know the one token that maybe hasn't had the move is Salana. So this quickly I just want to show you something around Salana which I'm watching at the moment. So yes, obviously Soul had a a move. Soul
23:28
Speaker A
[snorts] had a move. Um it's it's it's it's at 86. But just look at this. Just look at this. Salana has been consolidating at this $85 level, $85 level since February.
23:42
Speaker A
So you can almost say like this is an accumulation since February. 200 day accumulation. Now when you get a 200 day accumulation, you can imagine that when this does actually break out, it's going to be a massive breakout. What is the
23:56
Speaker A
the level? Kind of like I would say 95 is a good level. And if we go above like 97. So you almost want to break out of this consolidation level. We we're not there yet. We're quite close, but we're
24:09
Speaker A
not there yet. I just want to see if there's a better chart because this one this one's got some big wicks. Um yeah, the Coinbase chart. There we go. So the Coinbase chart is better. I think that if we can break out of this 9697 level
24:23
Speaker A
and we can have a a a breakout there, then this thing goes. And if it goes, we're talking probably probably like to 150 160. So Salana Salana's like it's not 100% baked yet on a longer time frame. Yes, of course it's broken out of
24:37
Speaker A
it of its downtrend. You can kind of I'll draw it like that. Probably look like so something like that. It's broken down. It's broken out of that downtrend.
24:47
Speaker A
Um but what I want is I want it to break up above this level over here. And if it breaks up above that level over there, then then I think Salana's game on. Son is almost like the last one of the of
24:58
Speaker A
the of the majors to start running. The other one that I'm looking to start running is Nia. And the reason why I say near, if you look at Zcash, remember the Zcash near relationship, the Zcash near relationship is that the shielded Zcash
25:11
Speaker A
are are um the SE the shielded Zcash are swapped on near intense. And that's that's that's basically the relationship. Um Zcash is basically at a breakout near not so much. So, usually what happens when this happens, and I
25:25
Speaker A
think actually if you look at it now, you can kind of see that it is starting to happen. That's on the daily, but you can kind of see it over here. Bang.
25:33
Speaker A
There's your breakout. So, we probably just had the the near breakout. So, yeah. Again, lots of breakouts everywhere. Everything's moving really fast. Great. Let's hope it lasts for another day or two. We need another day or two of this. This is a trade we gave
25:45
Speaker A
people in front runners a compound. We gave it them here at 16. Now, it's at $19. So again, another another good move. Um, yeah, lots going on. Guys, a couple of things that I want to point out to you quickly. I showed you the
25:58
Speaker A
news terminal yesterday. I don't know if you remember this. I I I opened the news terminal. I said to you guys, this is the the period to start trading news.
26:05
Speaker A
And when I say start trading news, news started to move the market. I just want to show you what happened yesterday, right? So yesterday there was an announcement in SKHEX. That was when the news actually broke. And that was the
26:16
Speaker A
chart after the news broke. There was an announcement on Hyperlquid or when when Trump name dropped Hyperliquid and then we started flying on Hyperlquid. Then there was um an announce there was the the announcement um on on um on the the
26:32
Speaker A
fiscal stimulus and that got Bitcoin moving. Then there was an announcement that Elon Elon's X is exploring stable coins to pay influencers and [clears throat] content providers. And when that happened, Circle started running. Every single one of those news
26:45
Speaker A
announcements was a trade. Now, the difference as to whether you caught that trade or didn't catch that trade was milliseconds. And that's exactly what this news terminal actually does. Now, we've spoken to you guys about it before. What is the the news terminal?
26:57
Speaker A
The news terminal is effectively a scraper. It knows which news moves markets and it scrapes the news directly from the source and it brings it to you guys in milliseconds. Right? So, you you basically you go to the news terminal,
27:09
Speaker A
you plug in your exchange using an API key and then you wait for the new stories to actually break. Now, when the new stories actually break, you can let's put some you can trade directly from the terminal in milliseconds. So,
27:21
Speaker A
if there's a story that's going to move an an account, you can literally trade it from the news terminal and you can go long, you can go short, you can preset the amounts, etc., etc. This is what now
27:34
Speaker A
in in a market where news is moving markets, um uh this is one of the most important trading tools you're ever going to need. Like, we trade from this all the time. Trading on news is is one of the biggest things. We, I think, have
27:46
Speaker A
the best news feed in the market. Why? Because we're the first and because our AI runs in the background and tells you if the announcement is going to have impact on the actual token. And then it shows you the order book. So, since this
27:57
Speaker A
account came out, you can see most people have actually sold. Now, they're starting to buy again. You can see what most people are actually doing. It's one of the most powerful trading tools. It's for for two weeks. It's free. There's a
28:07
Speaker A
link for you guys here for actually doing here. There's a link. one of the most here uh which basically gives you two weeks for free and if yeah if you want to yeah so join that you get two weeks for free
28:17
Speaker A
on the news it is one of the most powerful trading tools you'll ever use try it plug in your account when the news comes out sit there trade it's fun and you'll end up actually making money right it's it's like it's it's a lot of
28:27
Speaker A
fun um also if you're coming to Singapore who's who's coming to Singapore let me know in the comments um if you're coming to Singapore there is a link here to get yourself a ticket to token 2049. Now you you use the code
28:45
Speaker A
cryptobanter I think it is. Yeah, use the code cryptobanter. You will get 10% off your ticket. But don't worry about I mean that's just an entry ticket into the actual event if you're coming to Singapore. There's also a cryptobanter
28:56
Speaker A
party and if you if you sign up let me just let's shut this thing down. If you sign up using our uh uh referral code then you get the 10% off and you get a free ticket to our party. Now, the
29:08
Speaker A
tickets to our party, you can't buy them. Um, I mean, I can tell you it's costing us over $500 ahead to have people there. But, um, yeah, I think definitely definitely something that you want to that you want to if you're
29:18
Speaker A
coming, come and join us. Also, if you're coming to Korea, we're not having a party in Korea, but you can buy a ticket and come and join us at Korea Blockchain Week.
29:25
Speaker A
Uh, what else? What else? Did you guys watch my interview with Arthur Hayes this morning? It was like amazing timing. Wasing amazing amazing amazing timing. Go and check it out. There's a link to the Crypto Insider video with me and Arthur.
29:40
Speaker A
Uh, I'm not allowed to bang the table. Sorry, man. Sorry to rinse people's ears. Sorry, man. All right, fam. I'll see you again tomorrow. Until then, trade well, my friends.
Topics:BitcoinCrypto Bull MarketBitcoin BreakoutUS Treasury BondsMoney PrintingEthereumAltcoinsCrypto Market AnalysisCrypto BanterCrypto News

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