US Crypto TAKEOVER (Bitcoin Reserve Begins)

0:00Oh my god, this system is acting wild. I got too many tabs up too much on my mind to talk about. Welcome to discover crypto. Good morning, one. Good morning, all. What a week. What a week we have had the clarity. I failed the SEC has stepped in like the absolute savages that Paul atkins is giving us the exemptions to build here in the United States. The US crypto takeover is not starting. And we have some other news about the Bitcoin strategic reserve coming down the pipeline actually moving forward. And a lot of our favorite all coins are absolutely ripping. We are feeling good. I'm feeling fantastic. Feel a little frisky. And I got my man, the myth, the legend, Mr. Kelly, kill him with me on the show. Good to see you, man. How you doing? You know, my dog is keeping me active, making sure I walk her 47 and a half times a day and take her to the dog park, but got a break away from these charts sometimes. I just want to let everybody know is exciting and frustrating and hoping for all the things that wrap into these markets.

1:01You got to make sure you're keeping your life balance and stand on track of the relationships and the loved ones and the activity and self care and all those things your life. But hey, I picked up a little bit. I made a pretty, pretty big stab at the at an altcoin yesterday in the chop, chop dip right literally like two minutes before the decision came out. And I'll show you what I bought and where I bought it and why I bought it here in a little bit. But yeah, do we got some really, really big things developing in the charts and also in the back end, SEC making some big swings. We'll talk about that here in a second. Absolutely. And the markets are feeling good. Pick ones up by 1.6%. Right around $77,000 right now. Ethereum cooked back up to that $2,500 mark. And as I said, some of the biggest gainers, a lot of the biggest gainers. I've actually been channel picks recently, Uniswap near protocol, lighter, arrow, drone, Z cash. Even though it's got to tell them things with me, I've acknowledged the charts and all five of the top gainers right now are some of our favorite projects of Venice.

2:05I know TJ's out there celebrating about Venice token right now, cooking back up to the $25 mark. Now this one kind of cat I was thinking about yesterday on the I was looking at the chart yesterday. It's still stuck under the 50 cent mark. Obviously it's, you know, 37 cents, but over the last 24 hours. It's up by 12.9. Canton making a move back up a lot of fun being had on the markets right now. And I got a lot of my mind. I got a lot of my mind to put out a video last night about just my own economic pieces about stagflation that I think won't be talked about until a few years from now. So if you get a chance go check out that video. So it's a lot of years of research and a lot of verification of what I've been thinking about. And it's starting to play out in real time with inflation with the Fed and all the movements that we've seen recently in Bitcoin. Even yesterday had some fireworks. Over the course of this morning. I mean, it seems like we're just grinding up into the right. This is the Federal Reserve meeting right here. And this is the good old fashion. Get off my lawn chart pattern. What did you call it yesterday in chat Kelly? You had a name for this. These candles that we were seeing the liquidation hunt during the FOMC just whips on up and down up to 76 for down to 74.9. We tap 74.9 a few times.

3:26I mean, it was just a just max liquidation hunt candles. You can see it. It's especially if you're on like look at the look at that on like the 15 minute. It's just a giant wake up giant. Wicked down comes back to center. And it's just like it's just an absolute. They're look at look at those wicks to the upside wicks to the downside. They're literally just a taking advantage of the hope and fear in the market. And I took advantage of the fear in the market by buying in that swing because I don't tell you why. Despite any bullish divergences despite all those other things that added to the reason why I was going to buy. Because the the hike yesterday was telegraphed. It was over a 90% odds that it was going to be a rate hike. The market understood it was going to be a right hike. So if you get a rate hike, the market's more slightly not going to dump into something that it knows is going to come. It's like, okay, you're going to you're going to scare some people. Fear selling cool. I'm a buyer, baby. Yeah, it was pretty funny watching all the bears, the Bitcoin bears that are looking for those massive lows sitting there wiggling in their chairs yesterday waiting for that massive wick to the downside.

4:34We did defend ourselves very nicely and on the larger time rooms actually things are starting to flesh out kind of bullish. So the daily is the only thing that's got me concerned because the daily and weekly. There's still fighting and trying to kind of fend off this red money flow. So we are right near a flat line on money flow, but the VWAP is clipping back to the upside. And we're likely to be printing a green dot on the daily during today's trading hours as long as real chaos doesn't unfold on the four hour. This is why I think that we got the juice in the tank to make that green dot happen on the daily is the four hours already printing that green dot averages on the stochastic and our side are moving to the upside on the top end of this money flow indicator. And this market cypher just for anyone that doesn't know, but most people do know we tap 74 nine a few times over the last few days and that proved as a decent bounce point right now. And the longer term time frames look just very, very good. So we have essentially the development. If we can turn this two week candle green and recapture up near the $80,000 mark by the time this two week candle close.

5:44We're going to be looking real Skippy here. So I'm feeling good. I'm feeling frisky and Bitcoin has some things going for it. And it also has the troll in chief, Mr. Michael Saylor came out with a very important message after yesterday's price action. Let's check out what Mr. Michael Saylor had to say or do rather in light of all this price action. Oh, it's lagging on me. It gave me the spinning wheel of death. No, I'm so sad. I love this video. No, it ruined it for me. Maybe if I may get smaller. I don't know who is behind these AI videos for. It might be a lot better refresh that page. Yeah, let me give a quick refresher. I got too many tabs up. I got too much to say that's some of my problem is I got too much to say. But this is Michael Saylor here. Let's see, it's not going to do it. It's not going to do it. This is terrible. There's the bear after it gets punched against the soda machines. Very sad.

6:52God, I might have to clean up this computer. You know what? I might be doing too much on this computer because I edit videos. Great. Do all that stuff on this video. But Michael Saylor has got to be feeling pretty good right now. Bitcoin has defended itself really, really nicely. And he's been kind of the scapegoat for all the pain, not just Bitcoin doing well, though. We had nearly a trillion dollars is added to the US stock market at the open the S&P 500 jumped 1.2% after yesterday's crash and a lot of the majors in the stock market are putting up some pretty big green days. And I just want to ask you your opinion because the stock market is feeling like an up only, you know, like Max Payne on the stock market is feeling like it's up only. We've seen slight hiccups on, you know, the S&P 500 and NASDAQ recently, but Kelly, you know, what is your opinion on how the stock market has been pulling back Bitcoin has been really kind of flat in this 60 to $70,000 region during that time frame.

8:02A lot of people feel like they missed out and are just moving into the stock market at these highs. Like what's your take is I kind of have a balanced approach where you know, we are still investing in the stock market in different rare earth mineral companies and things like that. But it gets me a little concern seeing people just forget about crypto in general and move to the stock market when they, you know, are basically buying all time highs like what is your thoughts on that kind of situation going on right now. Well, first off, let's look back to 2020 and 2020 we had a massive, massive, massive amount of money printed and we see we seem to forget that I still think that there's money working its way into the system. So on the one hand, it feels like things are very constricted and tight around, you know, this chaos market that we've seen and how could it be going up in the face of all this struggle bus, but at the same time throw it to my throw it to my screen right here. Yeah, there are seven point nine seven trillion dollars seven point nine seven trillion dollars in money market funds right now seven over seven trillion dollars. That's people that have been kind of, you know, parking their money somewhere that's a bit safe, you know, but you know kind of sitting out of this massive ride we've seen in the investment vehicles and the stock market crypto and AI and equities and ETFs so on and so forth.

9:24So on the one hand, it feels like it feels because we were all numbskills like the moves have happened and how could it go higher on the other hand, there's almost eight trillion dollars, it's parked ready to be moved back in the market when people feel safe, and at some point, and there's going to be different factions of people that do it, some people are going to be more aggressive and have already started moving money, other people are going to wait until the market goes higher and they don't want to miss it any longer. On the one hand, it feels again, like it's a chaos market and how could it go up, but at the same time, we've also seen that shift in a highlight of this other day, S&P 500 having a pullback well Bitcoin is very beautifully forming this very rounded bottom here also inverse head and shoulder shoulder head if we do get the dip that everybody so worried about, I would be cheering from the sidelines with with cheerleader flags, because if you got a dip down to that 70,000 72,000 dollar level. If we get it, I'm not saying we will, then that would represent this forming a bit of that right shoulder, so then now you have a stronger bottom in case in structure to move to the upside and the flip side of that is there's so much going on in the market right now and I've got quite a bit of things right here.

10:40We're going to talk about this in a second, but the SEC moving forward despite clarity and when you're looking at what's going on going back to the shape of the market structure, this is 2022 into the start of the bull market in January of 2023 and what we're seeing here is that bottom of 15.5K kind of a W pattern here, right, but the breakout a pullback another move up a larger move down and then the launch. Now this is looking very, very similar to this was this is the second this is right there is is this portion right here that we're seeing in the market in today's price action. We got to move up we got the first move down just like we got the first move down there we may or may not get this everybody's betting bearishly that we're still going to go 40,000 55,000 I'm not seeing it. I'm not seeing it I'm not even sure we're going to get this kind of move here to get down to the golden pocket because as it stands right now any any support that comes in here if we're able to overtake this everybody's going to be so mad that they weren't buying at these lows of 60,000 59,000 62,000 even here on the pullback 10% dip down into the look set just above that 74,000 dollars that we were talking about so I'm feeling good about the market there's a lot of things on the horizon I think.

12:02And lastly I just wanted to highlight not only do we have this very similar move we also see on the short term momentum look at this is 2020 this is that same period of time say the two charts we just looked at this is a short term holder momentum indicator now look at where this breaks beyond the zero line look at where this is boom right on this breakout look at where this finally broke the zero line right on this breakout not only that we are above the short term holder cost basis we've got massive massive moves massive moves in ETFs 50% drawdown on Bitcoin yet we're still sitting at you know very nearly indistinguishable indistinguishable dip on the net flows still holding about 55 billion dollars in ETF capital there it's not selling out so I would I think it would take ETFs having a very big sell off for us to get that big move down that everybody's wanting to get down to the net. But I will share one bearish take here it's not still it's not bearish but it's a more bearish take that i'm looking at this from crypto con always great charts but this is suggesting that we do get one more move lower I think this is a bit ass and I think we're coming down here into that low 50s upper 40s sort of territory but there are reasons to believe it could exist so for me I always keep dry powder on the sideline but i'm looking at this market seeing the swings seeing the I mean this is a bottom formation.

13:31Not a top formation the bottom is in I think we just keep stacking on any dip we get. Absolutely and I want to give you your first chart is something very interesting that I did share yesterday and over the course of the last few days we got very very close to tap and the beginning of where that golden pocket starts at 74 480 is essentially where it starts on my chart from that local pullback at about 82000 dollars down to the lows 57K So you know in general we got pretty close to tapping that zone anyways until your point on the ETF outflows we did see half a billion dollar and outflows. I'm going to share something with you because this is important I understand how you drew that and why you drew it that way let's go back over to Bitcoin but just just to make sure everybody understands that that is not how you draw you don't draw the golden pocket from here. From here down you draw the golden pocket if you're looking for a retrace from the bottom right here up and that golden pocket is about 60 67 to 70,000 dollars if you do it from the move of the breakout that would be right here about 70,000 so you draw from the bottom up that's the that's the golden pocket you look at more.

14:52So the kind of recent local move moving from 62 to 74 or 82 rather. Yeah so when you're looking for a fib pullbacks you're drawing from the bottom clicking on the bottom first up and so this is the first most bullish pullback the 382 look we said it perfectly the golden pocket on this would be about 70,000 dollars the golden pocket you drew which is not necessarily incorrect it's just measure something different if you measure from the top down then this is measuring the golden pocket of where a bounce could get rejected. So if you're looking for a pullback on a bullish move you draw from the bottom up if you're looking for a dip or sorry a bounce up into something then you measure from the top down so this is the area we're looking at for the golden pocket on this on this move yeah not the time hold on because there was still that I mean there was a stronger case for a massive bearish move below that 60 K shelf and I do want us to actually go look at the ETF flows God. My overloading my computer with charts and stories right now but I know we had half a billion dollars and outflows about two days ago and we also wow this is crazy Kelly so we also had 295 million dollars and outflows yesterday so the 15th and the 16th account for I mean that's over 700 million dollars and outflows nearly a billion dollars and.

16:19So we're seeing outflows actually happening pretty strongly right now and that movement so the spot must be driving you know the traditional kind of basic market the crypto whales are probably the ones that are driving this movement and this is kind of interesting to see because there's been so much shorty within traditional four year cycle boat bros that we're going down into that 70% hold back and I you know what I really liked about two ways of being able to walk out of the way I did. about two weeks ago, it was Matthew Highland that highlighted the current Bollinger band structure of Bitcoin. And I went back in time to find that Bollinger band the same Bollinger band design. And it painted a picture that were actually a lot more bullish and a lot further through the bear market than even I thought when I compared that. It's essentially two giant ovals with a channel in between. Kind of looks like a phallic symbol a little bit.

17:21But it's a design on the Bollinger bands that I hadn't seen since essentially, I mean, the moment that it marks out that we're at, let me get this market side for the way here. I got so many. I got the toolbar. You showed me the toolbar and it's blocking my view here. So we got January 20, or right around like February 2023, is what I'm seeing. Do you see that? Do you see the similarity here? Like the bounce pattern, where you enter the top of the Bollinger band on your way down, you consolidate at the bottom and then you pop out at the top end. There wasn't really anything else that stuck out as a measurable kind of design like this in Bitcoin's history on the daily timeframe. And so it's just another piece of confluence where I'm like, you know, maybe, maybe this Bollinger band design is essentially the one that we have to pay attention to in the bear market after this one too, because this is where the markets grown up a little bit,

18:23you know, the 2023 timeframe, we were at about $200, $300 billion market cap. Now we're painting this bottom at a $1.5, $1.6 trillion market cap. It makes me think that I need to pay attention to this type of pattern on the Bollinger band more concisely. That's just my personal. I mean, what do you think of these measurements right now? Because that is something that I want, I want cheaper Bitcoin, but I'm just kind of doubting I'm going to get it right now. Yeah, just really quick little training session here, everybody, Bollinger bands are essentially, you have the moving average in the middle, which is the 20 moving average. That's the center line. So whatever time period looking at, if you're looking at the daily, that's a 20 day moving average. And then you have the band on the, upside and the band on the low side. And it's looking back at the average move, the volatility essentially over the last 20 period. And so when you have no real volatility prices basically sitting in a small range, then those bands can shrink down

19:23because over the period of that, the last 20 days and the longer it goes to tighter those bands get. And it gives you essentially a 95% odds kind of deal that the price action is going to be within those. Now that doesn't mean it has to stay within those. It essentially means that you have one standard deviation above one standard deviation below based on the last 20 period. So long story short, everything in markets is cyclicals. When you look at money flow, it goes up and then it comes down same thing. Volatility expands big. Look at that big red candle the downside. Massive olpurity and what happened? Look at the Bollinger bands. They got very wide, not just to the downside. It also gave, got very wide to the upside because it's giving a much wider range of where volatility could go. So when you have a huge widening of the Bollinger bands like that, it means that there's likely going to be some cool down, some constriction and what do you see right after that? Constriction. And then now you get the tight constriction and then it pinches and then what happens? Now it's going cyclical from very volatile

20:25to very, very constricted to big volatility explosion. And so that's what we're looking at in this regard. But there's another thing that I wanted to highlight as well. And that is this right here, this red line. This red line is played massive, massive role in the market since the all time high back here in 2017, all time high. Bounce here, bounce here, bounce here, bounce here. Look at this, rejection here, bounce here. Look at where we found that initial kind of bottom and then we got the dip below it. Not only do we get the dip below it, look when we got the dip below it and it ended up acting as resistance as well. So this strengthens my theory and yes, it is the theory that if we get a pullback, I am not worried at all. If we get a pullback into the zone, that's, I mean, this just really provides, look at this beautiful inverse head and shoulders on the macro that goes all the way back to December. Okay, so this right here, this, this, right here. Okay, this right here would project a breakout target

21:29up here into the, you know, $112,000 range. So if this pulls back, I'm not really worried until we see the price action lose this and come down to test below these lows at $62,000. All of this right here is a, is absolute opportunity zone anywhere in here, whether you wanna buy an ounce, still be willing to hold and add to your position or wait potentially, if you wait, you're only potentially gonna get something in the zone because this is not guaranteed, because this is a beautiful structure and it feels like the markets are super hungry because we've had such a lackluster two or three years in the market that I'm not, I'm not betting on this coming down into the zone. Now we do have those Bollinger bands constricted. It does suggest that we're gonna see a lot more volatility here in the near term, meaning in the next two months. So yeah, I agree with the C-Sys and I'm also looking at these patterns. That's a very interesting, and I think it was tilt or something in chat, you know, they had, you know, watched and paid attention

22:29when I found this originally, because I had moved a little bit further than Highland when he highlighted our current Bollinger band. And so essentially from that moment of February 23, to where Bitcoin was able to break its all time high, I actually have seen these all time highs take less and less time to hit a new high for Bitcoin each cycle and measuring out from that February 23 moment to the timeframe where things really got started cooking to the upside, it took about 400 days. And if I look at this, and if it's just generally the same pattern with even, let's say about 350, take shaving just a little bit off like the market's done time and time again, let's look at where that actually bring us with this. See, so that's bringing us to like August, 2027, or maybe even like September of 2027. And a design like that would actually make a whole lot of sense. It does leave room for a washout back down.

23:30It does leave room for that, but essentially bringing it down to like the low 70s, 73 mark before that moving the market could very much so look like something like this. But it's something I'm keeping in mind because I've just noticed that a couple hundred days are being shaved off of each timeframe where we're waiting to hit that new all time high. And we got some extra juice in the tank and it comes from this man. And I know that boomers at large, they're in control, but this boomer I like, this boomer I like, Pollackens, US Security Exchange Commission has issued a securities tokenization policy. Now the SEC has unveiled its long-awaited tokenization exemption on Thursday morning, formerly granting those so-called tokenized security venues. They're calling TSVs the ability to provide automated market making and liquidity pools that intern can be used to trade tokenized securities. These companies will have five-year conditional exemption. And I talked about this,

24:32I talked about this like yesterday, I've been talking about this honestly for weeks where we don't need clarity. The SEC in the regulatory framework, these companies in the US already have to deal with the SEC in those regulations. So as long as they can get an exemption for building and moving forward and being within the guidelines of the SEC, we have the clarity that we need. And this is a very, very important highlight here. Under the SEC's watch, the venues will manage these pools of necessary assets and use the algorithm-driven automation to manage the activity of buyers and sellers. This is going to be a very, very bullish thing for us building out this crypto infrastructure and tokenized markets. And he's pretty proud of it. He put out a post himself today. We are taking that significant step forward within our statutory authority. Well, you know, two things happened, right? We got the Genius Act and throw it over to my screen because the Genius Act, people forget that the Genius Act is still going into effect on January 18th. And that big push that we saw from banks about the flight,

25:34flight of deposits to stablecoins, that's not going to happen first off because we've seen the lock cluster speed at which the retail, the people that own us, all of you watching, all of us that are in the markets already. We're not going to see grandma moving just stablecoins to get a yield. So we're not going to see that big flight of deposits. But this whole issue that the banks had about stablecoin yield being paid and trying to limit that, now that Democrats essentially just shot themselves in the foot regarding that because now the banks cannot plug that loophole that we're trying to do in the Clarity Act. In addition to that, we also see that, which I love, I don't know if anybody caught this, on CNBC yesterday, mainstream news media, I might add, basically having this Democratic Democrat Senator on the show talking about the Clarity Act. And she acknowledges that there's over 70 million, over 70 million Americans that own crypto. And then basically goes on this tirade about Trump.

26:34And the host essentially says, so really all you guys were doing was just trying to limit one man versus helping 70 million people. So we have mainstream news media finance, mainstream finance now advocating for the need for what's the forward progress that we need and sensible regulation for the masses, not just one man. If they were curious about one person being corrupt in office, they would look at, I mean, you could take a handful of senators. And it's on both sides of the aisle, but look at Nancy Pelosi case in point number one, how do you go from not having money to having over $400 million in investing unless you're doing it on insider trading? And the funny thing is, the Clarity Act would have, and I've discussed this a lot, as the stock markets are moving into tokenized asset spaces, Clarity Act would have done a more good for limiting insider trading and all the different ethics and all the different things that they were trying to do,

27:35that they haven't been able to do for the stock market. Clarity Act would have, you know, satisfied a lot of those issues. So long story short, like you said, Paul Atkins, I think he's taking the right moves here to continue to bolster the market with regulation that they can. Aero-drome, think about Aero-drome, Morpho, Aave, Salona, Avalanche, Ethereum, all these tokenized blockchains that are tokenizing stocks, they're all gonna stand to benefit from that most recent SEC regulation. Right, and we see, you know, a day before the SEC releases this exemption, circle rolls out arc blockchain and the integration of liquidity layers of Uniswap, Aero-drome, and notice some of the biggest movers today in the all coin sector are the projects that have a connection to that circle arc blockchain liquidity layer. This is a very interesting correlation. Uniswap, Aero-drome, I know that there was

28:37Morpho involved with that, and I think Morpho's up a little bit, Aave is involved with it as well. So this is a big, big deal, and as we see all this happening, we have some other things happening in the positive sense for the United States. And this is on a good day, you know, remember, 239 years ago, today the founding father signed the Constitution at Independence Hall in Philadelphia, we're honoring that document today, establishing a framework of self-crevent remains at the foundation of the Republic, and additionally to that, now we have the House Financial Services Community voting a 28 to 21 to advance the strategic Bitcoin reserve bill, the first such bill to clear a full house committee. It still needs a full house vote, Senate passage and presidential signature. So this is going to be the next battle, is, you know, you thought you were going to get away from it, the Bitcoin strategic reserve, it's a big deal from the top economic engine of the planet, now getting ready to implement a Bitcoin strategic reserve.

29:38All bets are off, all of our charts and our little predictions, all of that stuff means nothing if the strategic reserve goes through. What's this, let's see what that chat is, Elizabeth Warren just needs to completely never speak again about crypto, that'd be nice, unlikely, a very nice, she's actually, it's hard to pick my most disliked politician. I do believe Elizabeth Warren is that most disliked, because Nancy Pelosi, I don't hate the player, I hate the game, when it comes to Nancy Pelosi, Elizabeth Warren is the most useless, bought and paid for banking crony of all of them, I feel like. I don't know, I would, I choose to go after Pocahontas more than Nancy Pelosi, you know, that's just me personally. Honestly, Pelosi's already dealt with a hammer guy at her house and all kinds of other stuff that, you know, tries his top, I'm sorry to bring it up, it's not too soon though, it's not too soon. But I think that this is pretty cool, seeing that the strategic reserve is back in focus

30:41while we're kind of shaking off the barrier. I've got one year rule that you have to hold. I mean, yeah, I mean, they're making some sensible decisions. I'm just, I'm so flummoxed by the inefficiency and ineffectiveness of our government as a whole. Just, did you see, there's a whole laundry list of things that have been delayed that they were trying to vote on, like AI regulation, farming regulations and help for farmers in the United States. There's so much beyond clarity for crypto that totally got screwed because we don't have an effective, you know, non partisan government to move things forward. Now, you know, this year's probably gonna be crazy. We're looking at an expectation of a democratic sweep in 26. So this strategic reserve might fall under fire if we see a major pendulum swing over the course of the next four years back to the Democratic party. Hopefully that's not the case. Hopefully the Democrats are starting to come around

31:42to pro crypto outlook. And we are seeing some things move, like the Houseways and Means Community just passed that crypto tax bill. Now, this is for Bitcoin or crypto payments that are under $10 though. So they're removing tax reporting on these small micro payments using crypto. This is a step towards using crypto IRL, but I think there's much more to be done here. And this is where the fund begins. This is where the fund begins. I feel like all coins, you've set it for a long time of the four or five years essentially blue balls that the all coin sector has felt in general, right? There's been no massive glow ups since 2021 on the all coin sector. You can see it immediately and clearly on the eth the Bitcoin chart. You don't need to look at any other chart. This is where the top was on the eth the Bitcoin chart from back here 2019 into into 2021.

32:46But then look, oh, the sell off. Oh, look, double top. We cannot even get above it. Really a triple top here. And then from this point right here, let me move my little toolbar. From this point right here, which is, what is that? August 2022, this has been nothing but bleeding. So if eth can't even, and it's the largest alt coin that's out there, if this has just been bleeding against Bitcoin, then this is the example of the lackluster everybody holding all thinking that they're gonna outpace Bitcoin for the last four years that has not been the case. Does that mean it's never gonna be the case? I don't think that's gonna be true. I think alt coins, because of what we're seeing with tokenization taking real strides and real liquidity and real volume being traded and transacted, and trillions of dollars already becoming accessible on chain through tokenized stocks and securities, there is going to be a glow up for certain sectors of the alt coin market. But this Mars, the frustration that people have felt in the crypto space. Absolutely, absolutely. And you know, where I think that we might be running

33:49into extra chaos is not just a theorem. Like I think a theorem is due for a lot of movement, but the others, everything that's excluding the top 10 in Bitcoin. And we highlighted this yesterday, I believe is on the weekly timeframe. Yes, so we're seeing that green dot play out, moving averages are moving consistently and strongly to the upside on the others to Bitcoin chart right now. These are two descending wedges. And the secondary descending wedge is where a lot of that animosity and angry feelings towards alt coins comes because Bitcoin during these two kind of internal local peaks here, hit all time highs. I mean, Bitcoin hit $126,000 on this final move to tap the top end of this descending triangle. And when I look at this, you know, it takes, if I'm just using historical data, because I use data, even did you hear the Federal Reserve yesterday?

34:52Did you hear the Federal Reserve yesterday? I don't use data to make my decisions, is essentially what he was trying to say. And then literally two minutes later, he's like, well, the data doesn't tell me that I should be doing. I think there's a little confusion around that. I think what he was actually saying was not that he doesn't use data. I think what he was more poignantly saying was, I'm not going to take a data point that happened in the last two weeks and make that make my decision. Oh, now we're not going to hike and now we're going to hike more. It's like they're looking at, they're looking at the trend, which if you think about trading and investing, he actually gave a massive signal there about how you truly become successful. You look at the larger trend and you can use data to kind of highlight where some moves, why they may have happened, but it's not going the three data points isn't going to tell you where it's going for the next three years. So I kind of agree with them. I think he misspoke a little bit. He's just not so like all of us online,

35:54I looked at my screen time the other day on my phone. I swear to God, it said 31 hours a day. I'm like, how? How is that even possible? I'm guessing because my phone and my computer, but I'm on computer all day long looking at charts, looking at signals, looking at investment research and all these things. And so we get so excited about the CPI or the PPI or the PCE or the, and we think that this is going to be the thing that changes it. And he's like, no, no, that's literally just noise. You got to look at the larger trend and how the, how the shifting of those data points in the trend over time is. I think that's, of course, typically what he was saying, but it was a, it was a, it was a tagline to share for sure. I was just, you know, a little confounded by that and I gave my general ideas about it. I'm just kind of measuring this others to Bitcoin chart and looking at this breakout. We are holding the breakout from the descending triangle on all of these all coins

36:55compared to Bitcoin for the time being. There's a lot of velocity pointing us to the upside. It's feeling good. The bags are feeling good because we and you were blasting those lows on all coins, particularly not just Bitcoin. And, you know, this essentially took about 600 days from the time we broke out of that triangle to that initial peak where things started to get real frothy. You know, 581 days, you know, a history rhyme slash repeats. We cut a little bit of time off that around 500 flat. It brings it about June of 27 and chaos can be coming to the altcoin sector, which seems like it might be way too soon. But when I compare how long the altcoin sector has been battered and beaten against Bitcoin's valuation, kind of makes a little sense. It kind of makes a little sense. And yeah, I do agree with Dylan. The others to Bitcoin chart setting new highs will be legendary. And not many people, I don't feel like a lot of people are going to be involved with heavy exposure to altcoins for that glow up either because there's been so much animosity built up.

37:59Over the last few years against the altcoin sector that people just aren't willing to handle it anymore. And it makes sense why there are mindsets there. But I look at this money flow swooping to the upside, this aggressively, a green dot printed on the weekly timeframe. I want to check out the two week gap. The two week looks exactly the same, absolutely delicious looking. And people are celebrating the alt in the chat. Let me know what your favorite alt is in the chat. We have some movements still. Let's go check out where arrow drones has get some fresh data here. Let's see because the market's feeling frothy right now. It's feeling very, very frothy. I'm excited about arrow. I do want to show one pattern on that chart that does kind of have me. I don't want to say worried, but yeah, sure. I'm just, I'm aware of it. Let me put it that way. And that's, that's this right here, this rising, broadening wedge. Not, not usually the best look if you're trying to be super bullish. But when you look at this rising, broadening wedge, meaning obviously it's rising, right? And it's broadening these tend to break to the downside on the, on the flip side of that.

39:04One of the most important things that you do in markets is you don't look at just a, a pattern and say, this is what's going to happen. You look at the pattern and the context of the broader market and the shift and the macro trend that's happening. And based on that, this does concern me. But I do think if we did get a swing to the downside, I mean, if this were to lose 41 cents, 42 cents, I would be such an overwhelming buyer here, because I think this would be, I think this would be a massive fake out before the real move. So I'm not too concerned with it. I'm just concerned for everybody else that sees this. And then they're so mad at this, they sell here. And then it just absolutely rockets to $5 or something like that. And they lose their mind because the macro is showing that the alt sector is taking a swing around. So while I am concerned about this, I think it's more likely that we get this sort of pullback that we just got maybe a little deeper and we kind of work our way up from there. And this pattern doesn't play out bearishly.

40:06Yeah. And we have a super chat. I'm dumb. So forgive me. But can we still be in quantitative easing as they raise interest rates? Yes. They expand the balance sheet on the Treasury and Federal Reserve side. That is another form of quantitative easing. And there's other forms. In 2023, we saw, gosh, what was it? It was like an emergency bank deposit. I used to have this memorized when it was happening, but essentially emergency funding relief for the banking sector can be another version. It doesn't quite bleed into risk assets, but it does show weakness in the infrastructure that wash out your talk about as a potential. Absolutely did play out last time we broke out of these descending wedges as well, which is real good to just highlight right now. So I'll bring this up because you're mentioned in that potential wash out in that final, you know, kick to the kick to the lowers. This did happen right after we broke out of that descending wedge. On the others to Bitcoin chart and the others regular chart.

41:06This is that moment here. And about it was like October 20th, the 20th right around like COVID, essentially. But in general, I think that we're setting those lows right now. And Ethereum is showing some very interesting things. We have Ethereum on exchanges hits the lowest level in 10 years. As long as I want to part me there for a second too, because when we look back at the other chart, you know, where we had that big run up and for and then it crashed down and then it launched. There was something massively different. Drew, there was something overwhelmingly different about the market in that last 2019, 2020 breakout that that that we're seeing now. Back then, most altcoins, eth was already kind of becoming a substantiated asset with with crypto building on top of it. But the crypto that was building on top of it was building on the promise of what they were going to do. Now we have an asset class with altcoins with Ethereum having massive market share, but also having projects like AeroDrome.

42:13You see Salana, which isn't on ETH, but Salana avalanche. All these all these altcoins it's to put up a shut up cycle. And we're seeing the data massively that there has been fundamental growth of real adoption of actual actual using this of the assets. For the purpose that they were developed. So the last cycle was the speculative hope with a lot of volatility around it. The asset class, the market caps are still quite small. So we're still going to see a lot of volatility. But now we're seeing the massive amounts of capital that's moving on chain through tokenization. So just in that sector alone, there's an entirely dynamically different circumstance that the market, the asset class is operating under versus just the hope in catching the move versus seeing the move and seeing all the functionality and deployment and adoption that's happening on this change. So it does, it does lead me to believe it's probably less likely to have the big wash out than we saw, you know, when we look at the fractal from last cycle.

43:16But it still needs to be on your horizon that is possible. Yeah, it's something that, you know, I've done this larger time frame charting for a while. And you're saying something important because these are use case built for tokenization of the whole world, right? We're trying to move the whole stock market, everything on chain. And all of these projects that are outside the top 10 are auxiliary to that. They've been battered and beaten. People just don't believe in them anymore. And these are showing some extreme strength on the undercurrent there. Ethereum hitting that supply exchange lows. I don't bet against a new all time high for Ethereum. I just don't know if I'm sold on the $10,000 Ethereum move yet. But the exchange supply might play into that. We might see that deflationary eth come to reality and we have some developments in DeFi. Obviously we covered this as it came out. The layer one arc rolled out. The SSE allowed that move. Are they introduced a new RWA hub on avalanche that will allow institutions to borrow against these royal assets?

44:22Crack and parent company moved in with hyper liquid perps into the US anyways without clarity as well. And more faux launch that direct lending against collateral assets of your choice. There's a whole lot of advancements that are happening in the DeFi sector right now. They're making me very, very bullish. And you know, with all this movement, hyper liquids actually flips Alana in total circulating USDC. Hyper liquid is starting to make some waves, not just in revenue, but circulating USDC. The avalanche news does make me think though I made really good money with avalanche last cycle. And I haven't necessarily seen it. Well, you saw, I don't know. It was Matt Hogan, I think, or it might have been the other one. One of the guys from Bitwise at a conference they were just at literally like four days ago had mentioned that it said if he was going to launch something on any chain, the chain he would launch it on would be avalanche. So there are some pretty massive positives, I think around the avalanche.

45:25This is where it gets back to due diligence. I don't think and I'm not calling any of you out that are watching right now, but I'm calling every one of you out. Myself included nobody does the diligence that they need to do on the assets that they're holding and throwing tens of thousands of dollars or into even if it's only hundreds of dollars, if you have a thousand dollars in your savings account and you have a thousand dollars in crypto, then that means 50% of your your net worth is in crypto, right? So you need to start taking more strides towards due diligence. Most people don't know that avalanche has three different chains. They basically tried to fix the bottleneck issue that we saw with things like Salana and Ethereum where he had bottlenecking of transactions and gas fees spiking, but then you have all this ETF trading, but meme trading, but you also have these financial transactions and defying you. The avalanche essentially solved for that by creating three different channels, if you real three different railroads within their ecosystem that could handle different types of transactions and avalanches essentially infinitely scalable because all you do is spin up somebody spins up a new node. Now you have a whole other node that can handle 4500 transactions per second or something.

46:30I don't remember what the specifics are on that, but the point is, it is very fast. Avalanche, yeah, so you can never bottleneck because you just spin up more nodes, but I think avalanches can be one of those sort of quiet, quiet, movers that then all of a sudden takes a bit, pretty big swing. And I do want to comment here, somebody said something about me being the DC background development guy. I've been a part of DC for five years. Five years is not enough. You need to be here for 20 years before both me and you. I mean, I, we both have been part of this forever, dude. Yeah, there was not just being a part of it. You know, I was one of the the alternate co-hosts on the Discover Crypto Show. I was running the daily BitLab Academy hosting with you on a blockchain basement. I've just been, we're a lean and mean team now. And so I've just taken the charge on building a bunch of tooling for everybody for the last six months on the back end for our school community, which a lot of really cool things were doing there.

47:33But no, I'm still coming on. Sometimes I give TJ some breather room to do some other stuff. And I take a break from looking staring into Claude code, but. Lord, this chat is funny. Kelly attacking us personally. That's I feel Kelly's attacking everyone personally. You know, I just look at this avalanche thing is like, sure, I'm just like, I made a lot of money off of buying those September 23 lows. And I'm looking at this new low just I'm kind of because here's my problem with avalanches, some of the originating developers of this thing. We're on the show with me and told me not like they're not interested. They don't care if it's low. They've been so jaded by the internal org that it really made me kind of skittish. There's nothing I could like. Put a stamp on because obviously they'd come after me or whatever, but. I've seen even vaporware rise and this thing is it's not taken off out of the $7 mark as of yet it's running into that turbulence here.

48:38The money flow on a weekly timeframe is angling down, but a lot of these different alls are doing the same thing. That's what the daily is doing. It's got a green dot on the daily and another thing that's kind of interesting is that this descending kind of trend line that's marked the moments to sell this thing out is starting to come to its conclusion. Like it's going to have to make a choice here within the next 100, 100 days just about on if it's going to go back down to $3 release levels. Or if it's going to break up and out of this descending channel, that's a very interesting graph right there. Sweet. Let's see or sweet. I saw a question about sweet. Sweet I was on the test net for and it's a very fast project. It's got a cool development background because the people that were in charge of putting together the Facebook Libra token split into they develop sweet and then the others developed aptos.

49:38So it's kind of two different chains are developed out of this. Let's give it to the Bollinger bands. I'm going to look at sweet real quick. It's two week timeframe. It's a little bit too macro for how old this is. This is a newer project. It looks like it's got more downwinds to it right now. It's got a red dot printing on the weekly. Has it really had it? That's rounding. It's rounding pretty significantly though. It does look like it is. It's sort of bottoming. It is. Let's see here. And this is interesting. We have higher lows on the momentum waves pretty consistently. Even since that October 10th wash out. Turn around 70 cents right now. That's a tough one. It has that one thing. I always say this though. All I'm looking for in general is higher lows on good altcoins. All I'm looking for is higher lows and it is smack dab at those higher lows. So this is probably something I got to watch. Check it out. What do we see? Here we go. Hold on. Here we go. What do we see? God dang it.

50:39Here we go. What do we see right here? What do you see right there on the lows on the RSI? Is it set on a bulldoven? Is it set on a bulldoven? Let's go ahead and just mark what we're seeing here. Now let's look at that on the chart. We got a bit of a bulldoven forming on the weekly all the way back into February. Money flow is starting to tick to the upside here on the check of money flow. We got the momentum on the MACD starting to swing to the upside. If you look at this on a market cipher, you don't see it as clearly because the RSI is kind of lost in the sauce here. But that's kind of why I have these two different templates set up so I can see things very clearly. You do got a red dot. It's over. Well, I mean, we also had a red dot followed almost immediately by a green dot. I think this zone is a little bit. It's probably going to chop a bit more in here. But watch what I'd be watching for specifically on sweet is this zone right here. Let's make this red. Let's make that red.

51:40No, let's leave a green because if this is able to take out these lows and these highs and come out fine support here, this would be kind of a gateway to a real trend reversal to start a move to the upside. Interesting. Okay. Yeah, I'm going to probably have to start paying attention. It's because I do like that it has higher lows. I do like it has higher lows. Weekly doesn't look great in terms of that money, but that could play out. We could see that bold to play out for a little bit longer before it comes to fruition. I'm actually I'm just in such a buying mindset right now on because I've been buying Bitcoin. And then a few months ago we started moving in on altcoins. Thankfully before the big glow up here, Venice token, the Venice usage of their daily tokens is now hit 250 billion daily tokens. And Venice has been absolutely screaming. This is kind of a one of the guys to put it clear. The unique thing about Venice is it's kind of like an AI.

52:42This is it's very different of course, but it's metaphorically very similar to something like Manero or Z cash in that it is an AI play that allows essentially privacy of the work that you're doing to not be completely ingested and stolen by the AI LLMs that you're utilizing. Right? So it's obviously a different type of privacy play the Manero and Z cash, but it's in the age of AI where they've already seen. I did you see the guy that basically was working tirelessly towards some math, millennium prize or something like that. And then about two weeks later, open AI came out and basically pushed the proof and they got the they got the they had this big financial award and also the PR award, but the truth is he was doing all this work within chat GPT. So they had basically his novel way that he was going about addressing this math problem that has not been solved for 90 years. Open AI basically took that information and went and basically solved it themselves.

53:46And that's a big concern when you think about enterprise and individuals. And if you're doing your taxes or if you're sharing any secret keys or anything like that, if you process anything that you want to remain private through chat GPT or through anthropic or if you know any of these LLMs, these frontier LLMs, you're sharing all of that data with them. So then it's kind of a step outside of that system. Absolutely. And I just looking at this chart in general. I had two different by plans for it and neither one of them has worked out. I'm given it time because it's running outside to know over the market here. And I might be missing out on this $13 midpoint to the W pattern. This thing is absolutely screaming. I know that it's going to have some turbulence or some bounce to the ounce here in the $16, $17 range for sure. And $13, seven is the other spot. But it's just been grinding to the upside on this trend line for quite some time.

54:46Quite some time. And it's still a very small market cap, which is something crazy to think about. Man, this is the timeframe where, you know, the reason why I would like to ask, I'll explain why I moved into the all coin sector. So viciously a couple of months ago and started buying these alls. And then I kind of want to get your thought process behind it because what I saw, just the biggest thing, the biggest driving factor was how long not the all coin sector, the others chart had been beat down. It was ethereum noticing that ethereum had been basically in a red money flow against bitcoin for I think it was about a thousand five hundred days or something like that. It was an immense amount of time. I mean, a thousand five hundred and sixty days. And then we started to see I actually started moving in on this VWOP clip back to the upside because I could just very clearly see the money flow is rounding out in a vicious manner. And usually when I see money flow go down this hard on an asset that's still used, it

55:48comes back with a vengeance right now. We're starting to do that crab kind of tail. I've talked about this a lot where I see this pattern when you dig yourself out of the red money flow where you kind of arrive back and forth and then start to move back to the upside. So that's essentially my thought process, but you it was kind of weird. I moved in and then you also did why did you decide to move? Was it other metrics that you were looking at that decided to kind of initiate that hammer town on all coins? Yeah, I mean, I broke it down in school. I believe a couple of weeks back. But I mean, on bitcoin and on the alt market, I saw this sort of thesis that we hadn't really had any sort of alt bull market. And even the little run ups that we had, I don't think we're really, there were a bull trend that we never we never we haven't had a bull market in alt coins for over four years. So looking at bitcoin and looking at a bit tensor towel, bit tensor towel is another one

56:51I moved in pretty heavy on because you know, it's in the massive AI narrative space and has some of the biggest voices in the ecosystem like people that are not even in crypto. I'm talking about like people like it to mothpaw up at the all in podcasts and David Sachs and Jensen Wang, the CEO of of Nvidia talking about bit tensor. So I moved into that chain link. Obviously, I actually added more to it yesterday on the wash out a wick to the downside within like two cents at the bottom. I just popped in and then it's it's right now. It's been up only since I layered in. But what was the other one? I know aero drone. I moved in very heavy on because we're seeing the massive moves and tokenization coin base is obviously a bohemath in US crypto and finance the way they've moved. And aero coin base did a hundred million dollar open market purchase of aero drone, what two years ago now. So they've got pretty big vested interest in making sure the aero drone is is a part

57:56of the run up and development and all those sorts of things. And we've also seen the metrics on aero drone moving up. So all the fundamentals were in line. And then I looked at the big bulldoof that was forming on Bitcoin and also in the altcoin ecosystem. So I just started layering in middle of July all the way into about August 15th. And when did the market pop August 17th August 18th? So yeah, right. It was right there. insane timing. So yeah, man, that was just kind of cool because we didn't plan that out. Like I didn't even hit you up and be like, Hey, man, you know, we obviously we talked in school and everything like that. And I put my post out, but they happened from two different angles at the same time. They've worked out so far. We got some room for a little bit of a job moving forward for the rest of the year. But I want to be high. I want to see hype pull back more though. I that's one that I feel like I feel like I missed the movement. But but then even if you forget how far it's come and you realize how the exponential amount of room to grow in terms of tokenization, I do think it has a lot more upside, but

59:00I don't like buying something near relative highs. I want to I want to see a pretty big pullback in hype before before I get into it. But I think that's a fantastic coin. Absolutely, man. Well, Kelly, it was absolutely awesome. Have any on, you know, I think that we're getting close to the end of the week. I said, I would let the market kind of see where it kind of feathers out over the next few days leading into the weekend. This thing sit right now, though, we have a very bullish signal that the clarity act failed. We got interest rate hikes and Bitcoin, you know what? It's going to pump by 1%. It really doesn't feel the effects really appreciate you and all your insights, man. And I will hopefully I will see everyone in school because that's where we're pouring a lot of our hard work into. And you know, in this timeframe, it's important to use the data, but also use your own discernment. This is why we try to teach people how to use their own discernment inside of our school because everyone's got a different place that they're investing from, right? Some people are trying to turn a hundred bucks into a thousand bucks quickly.

1:00:04Oh, there's a trying to turn a million dollars into a million two, right? And so there's a whole different aspect of it that you got to understand. Oh, I'm just saying the first thing that you can gain, don't get lost in the dollar amounts you see people like we're doing or like crypto face is doing, you're digging a grave for yourself if you're trying to keep up with somebody on a dollar basis, trade and invest for your strategy and look for percentage growth, not dollar growth. Dollar growth is going to trap you and hope and fear. If you get 5% a day or 5% more often than not six times out of 10, you know, and you're not losing 20% on every trade, you will grow other time. You're going to compound. So just stick with it everybody. What a good day. What a good setup we have going into the fall for sure. Absolutely. All right, Kelly, you take care and I will see everyone tonight on the nightly video. Be good. Adios.