BITCOIN, SOLANA, ETHEREUM: NOOWW!!!!!!!! Transcript, AI Summary & Key Points

clicking the button. Oh yes, oh yes, yes, oh yes, guys, welcome to another episode. And as you can see, right now, Bitcoin is right at the flip. Right now, Bitcoin is testing the weekly flip. And as a reminder, we need to close the week above the weekly flip in order for it to count. Currently, we are at 79.9. We've been accumulating here in the buy zone.

We've been accumulating for months around the 200 week moving average. And now in case we go bull on the weekly chart, it's time to really see the bull market with big eyes because then it is confirmation that bull market is here. We are going to repeat something similar to what happened right here with highest likelihood. Always, always, always with highest likelihood.

Anything can happen. Maybe it goes to zero. It goes bull flip it goes to zero then. Okay, it can happen. That's why we have stop loss. But with highest likelihood, highest likelihood, you have the continuation of the chart to the upside like this. It's going to be mainly up, sometimes a bit down. Like here, for example, it went here, then up, sometimes a bit down, but mainly up.

Okay, very important. And as you know, is normally the beginning of a fantastic allen run as well. For example, in the last bull market, Sana went from $8 to $300. Now Sana just went into a new bull trend. This thing can easily uh try and get back here to this high right here. It's 140% just to get back to this 250 level. And if you look even on a higher time frame, if you zoom out more, then it is 200% to the peak right here.

Looking at ETH, ETH has a very very nice chance of keep pumping all the way here. 100% pump towards the uh peak right here of uh August 2025 when it did this small tiny tiny alltime high. Oh guys, it's embarrassing. I I love ETH. I love ETH. I love Italic. Oh, but man, what is this? Like this whole bull market was basically wasted. Look here. They ETH did like a $100 alltime high after years and years of waiting.

But guys, guys, listen. Now it's a new bull trend. So new bull trend meaning we have a good chance of going up. And the biggest bull signal for ETH, guys, the biggest bull signal for ETH is going to be when it actually gets out of this chop. I mean, should it start going here towards, you know, 5.1 five? I mean, this could snap to 10K, 15K quite fast.

I know it sounds it sounds crazy that it would snap from here, but the thing is now it has a clear range. It has a clear range here. And when things break out of range, oh, it gets crazy. It's crazy. It's crazy. So, you have uh 100% to the top of the range from here. And then should it also break the top of the range and break this uh fiveyear plus range.

Oh yo, it's gonna be crazy guys. If that happens, that's that's going to be crazy. But the thing is that nothing is impossible. I really want to highlight that you know nothing is impossible here. Nothing is impossible. Anything can happen. Why? Because we are seeing changes that have not happened since the great financial crisis. Okay? We have not seen the this kind of action by the government since the great financial crisis since the bailout.

Maybe you can say since co I okay okay co is another example where government took massive massive action and deployed capital like there is no tomorrow. Scott Bessent came out yesterday said that they may may use the one trillion USD reserve basically the treasury account in order to buy back the bonds. He is now actively at war with the bond market because the bond market doesn't want to buy.

They don't want to buy the US uh bonds and he's basically buying them up himself to show that they're going to pump. Okay? It's very important for him to create the demand for bonds. It's so important because if there's no demand for bonds, the interest rate on US debt is very high. Okay? So, he needs to do that. There are many opinions whether he's doing it correctly or incorrectly.

This is the first time since World War II that the US Treasury is buying their own bonds with this kind of size. Okay, normally it is the Fed that creates the money and then they go and they deploy into the market. But now the Fed doesn't really want to do it even with the new Fed chair. I mean currently at least they don't do it and they cannot really do it because they need to uh stay credible.

So they cannot just repeat the same bailout, the same QE as before. So now they're doing it a bit differently. Now it is the US Treasury that is using the funds. So it's not the repetition of QE. It's a bit different. But at the end of the day, where is the government going to get the money likely from the Fed? Likely the Fed is going to inject money into the government in one way or another.

They just need to create a new charade. They need to create a slightly different charade. So the media, the markets don't really understand what h what's happening because technically technically this money has not been printed technically. It's just a uh a an amount on the US budget uh ledger and they can use it. It's on the on the on the books of the US government.

So this money technically has not been printed. Okay. But practically the government will run out of money and then they're going to print it anyway. You understand? At the end of the day, at the end of the day, this will lead to printer going. This is the conclusion. Although right now it's there is no BR right now, but it's just for guys. It's just charade charade.

At the end of the day, there will have to be a real printer injection. And so, this is very important to keep an eye on. Uh I I've been saying now for weeks, well, a week a week since Scott Besson started to do this. I think it's been a week now, maybe two weeks. How how much it's been since Scott Bessant went nuts with the bond market. I mean, we've been saying that this is the catalyst.

It's the catalyst. It's the catalyst. It's the catalyst of the bull that Scott Bessant is now going in and buying the freaking the freaking the freaking bonds. It's amazing. It's amazing. And guys, as you know, we've been playing the cycle so nicely. Ran, even Ran gave us credit. Fantastic. Fantastic. He said, "I'm going to give credit where it's due."

And you know what? We're going to receive credit where it's due. We're receiving it fully. The person who called the entire cycle perfectly so far is Ivanote. He called the top but more importantly pivoted bull full bullish about a month ago. Exactly. This is what we said. This was at the beginning of August. We said bare market is ending soon. Time to see the big picture.

The biggest opportunity in finance over the coming 12 months is crypto. AI trade is ending. Crypto trade is beginning. And by the way guys, this is very important what we said here also. AI trade is ending. We said and when you look at the AI stocks, you see that I mean actually many of them are in bare trend. And the bare trend is very strong. is the curse of the bare trend.

You enter bare trend even if you pump it's hard to pump above into bull trend. It's hard man. It's not impossible but it's hard. It's it's a very very hard. So that's number one. You look at ALAB is the same thing. Bare trend started and then it fell and then it tried pumping but you have the curse of the bare trend. In the bare trend you stay out. So we we did write the the the AI stocks when we rotated out of crypto in Q4.

But then about the two months ago, we said time to be careful because a Intel look Intel bare trend. What happens in a bare trend? You cannot do too much. I mean it's like a chicken with a winged the clipped. It's like a bird with a clipped wing with a bit fat scissor. The bear trend is clipping and clipping and clipping the wings. Okay. Nvidia bird trend.

I mean try pumping. Try pumping. Let's see if it can if it can. But it's hard man. It's hard. It's hard. It's very hard. AMD still keeping bull trend. Marvel bare trend. Another example bare trend. You see all these ASOS bare trend then they try to get out of it. Is it's very very hard. So yeah, this has been fully correct and we've been saying that Ivan flipping happened.

And by the way, isn't it crazy? We flipped bullish and the whole market also said, "Hey, it's time to go. Time to go." Are whales watching these streams? Mr. Whale, Mr. Whale, let us know in the comment section. Are you watching? Some whale is watching. People tell me don't drink coffee so close to the microphone. But guys, you know what? It's is it's I'm sorry.

It's my show. Like I we drink coffee here. We drink coffee. Coffee has been around for a very long time in human history, but especially during the time of the shows. Yeah. I you you guys are my morning coffee. Okay. Fantastic. Fantastic. So guys, what is my conclusion here? My conclusion is that to not miss anything, the reason why we're taking credit so heavily uh from Ryan, by the way, thank you for giving credit.

We take it gladly. We take all credit. But look here, you go to bullmay.com/subscribe. Okay, it's the first link in description. You click like a mfer on this subscribe button and put in your email. It's very important because look here on August 4th, I actually sent an email to all of the email subscribers. And what did we say? Bear is ending. Okay, if you just follow simple instructions, see people in this market, they can also even follow the simplest of instructions.

Open a link, write your email, click button. Can you follow that simple instruction or not, guys? Because if you cannot follow that, uh I I don't know how you're going to make it's so so simple. On the 4th of August, bear is ending. I I don't know how how bigger text I could have made it, but if you are an email, you know. Okay. Then 24th we said biggest cycle starting and that's uh that was actually yesterday.

Yeah. And uh we did see Bitcoin pump all the way to the flip level. So anyway guys very important click the first link in description right now. Back to the analysis. Back to the analysis what's happening. We are seeing Bitcoin now mooning in such a beautiful way is the strongest weekly rally since March 2023. But I would even say that if you look at the dollar amount, it is the largest weekly candle.

This kind of weekly is the largest in history. Now many people they feel so much for FOMO. They want to go all in. And listen, we have been accumulating since the bison right here. So accumulating 200 moving average we've been saying is good, but we only did it with a small amount. The big amounts we're deploying only when we confirm bull flip and we haven't done it yet.

I mean we need to confirm. Technically it's still possible to get a rejection here. I mean technically anything is possible, man. Technically we we have a strategy where we act on confirmed bull trends. Is it possible that you know before the week closes that we pump to 200k? Is is it possible that we you know we just miss the whole bull market before we closes it pumps to 200.

Guys listen anything is possible. It's probabilistic. It's probabilistic. It's very unlikely that it happens. It's very unlikely. In fact it's very likely that we close somewhere here. Not that far away from the bull flip. Now we're just you know some some $100. Uh that's the most likely. But it's also possible. It's possible that something insane happens.

I mean, maybe we we go to Valhalla 200K tomorrow. I mean, it can happen. What What do we do then? Did we miss it? Absolutely not. Because then you have the beginning of the biggest old season in history. Okay? You have the beginning of the biggest old season in history. But what's more more likely to happen is that it closes somewhere here. There is still a risk of rejection we don't want.

So, we don't want to lose money. That's the thing. The reason why we wait for the bull flip to really confirm. We don't want to lose money, guys. We never want to buy and then then it's like so long it's just sideways or down. Want to buy and it's more or less up only. I mean we're capital efficient. We did go from crypto into AI stocks. We're capital efficient.

We need to be in charts that are up only like this. You know it feels bullish and then up only up only up only. Okay. The same thing with all of the AI stocks before they went into into bare trend. Look at Intel for example. When it flips bullish it's up only. Okay. I mean this what we need. This is what we need. This is what we need with highest likelihood that we enter up only and here is where you don't have to be needy like the reason why people are so worried.

I mean now for example before the stream I was just coaching a guy in bull mania he was worried basically that um what happens if it goes to like 150k okay before the weekly close. I mean right now it's right on the weekly close but but uh people have seen the pump and they're like what happens? Well, number one, we have accumulated in the buy zone.

But number two, don't be needy. If it goes to 200K, man, Solana is justly bullish. It's a new bull trend. It's confirmable trend. Is justly you have so many other charts, man. There's infinite amount of charts. Don't be needy that you need one single chart to work out. And following a system maximizes your chance anyway. It's the best way to trade. Of course, there is a small chance that something crazy happens.

Bitcoin goes to a million before you click the buy event to a million. 20 million. What we going to do? What we going to do, guys? What we Many different charts. Many different charts from AI stocks, man. Even gold is now giving us an entry. Isn't that crazy? Let me check gold. Where's gold? Where is the gold? The gold. Here's the gold. Look here. Gold closed the weekly in a green.

Fantastic way. I love gold now that is green. We love gold. We said to be risk off here in the early um earlier. Now uh potentially a new rally in gold potentially we actually have a bit of a report here. So gold mine line flip bullish. Uh it's only 0.5% higher. So it's a new bull flip. Gold has ripped hard of the late June and uh now it's yeah up a lot.

Um what's happening record speculative pile in 2 22.2 net 20 22.2 billion net gold futures in 3 weeks. Best August for gold since 1999. The basement trade is live just like crypto. So gold and crypto now is very very much connected. They are they are connected. They're connect. This trade is connected. Is the debasement trade. They are connected because with Scott Bessant saying that he's going to use one trillion of US budget to go and buy bonds.

It's debasement guys. Debasement. Debasement. Debasement. Very important. So for us, it is potentially the start of a of a new journey in gold. Personally, I prefer crypto more. I mean, it's just that crypto is going to moon so much harder. I prefer digital gold in this case. So, we're mainly we're mainly going to be in Bitcoin. In fact, gold is a bit secondary now.

Uh crypto is the new bull trend after such a long bear. Crypto is the main character for sure. So, uh for all intents and purposes, looking at Bitcoin is enough. You don't have to have gold and Bitcoin in this situation where both of them are going into bull and Bitcoin is the fastest horse is also been down way more than gold. So it's going to be insane.

Bitcoin is going to remind everyone that it's the best performing asset. Okay, people have forgot it. People have forgot it. They think that Bitcoin is a poo poo. It's like, you know, some dirt, some dirt. You you don't want Bitcoin. Feels like dirt in your portfolio. Well, for the longest time, it felt like that is through the bear. Now no more. No more.

No more. No more. And I think Bitcoin is going to remind everyone how things work around here. Okay? And they work very simple. Bitcoin is up only guys. Uh Michael Sailor, Michael Sailor, speaking about banter, by the way, big shout out to Banter. I think they use this song a lot. But now we have Michael Sailor AI slop of this intro song. Listen to this.

Get the out of bed, Go. Get up. Get up. Wake up. Wake up, Get up. >> Yeah. Yeah. We're here with the coffee, guys. We're here with the coffee. M very good. Very good. Okay, guys. I'm a bit I'm a bit slow today. I don't know what it is. I'm a bit Do you say mellow? I'm a bit mellow today. I don't know what it is. Let me make some more coffee. Let me make some more coffee.

Oh, fantastic. Fantastic. Fantastic. Fantastic. Fantastic. Some days we're here somewhere. Some days we're we're a bit slower. But let let me see if I can get more pump from this song. Get the out of bed, Go. get up. >> Yes. Yes, guys. Yes. Yes. Yes. That's good. That's good. Now we discussed this Scott Besson thing. People have a lot of opinions. Stanley Draen Miller coming out saying that Besson should not be buying bonds like he is doing.

He said, "I have spent five decades trading on simple premise. Mark is aggate information. No committee possesses and prices are how that information reaches the decision makers. The long-term treasury yield is the most important price in the world." So basically he's saying that uh see it as a signal. He's saying to the government, he's saying to Scott Besson, see the long-term yield as a signal that you need to change something because that's the market telling you something is information that the market is giving

you. Don't try to distort the information. Don't try to distort the information. Okay? Instead, see it for what it is and act on it in ways that change the situation so that the market so the market agrees with that is better now, but instead they just pump the market anyway. So every basis point of artificial yield suppression is a subsidy to procrastination because yes, you can just temporarily delay the inevitable.

You can buy your own bond. Maybe it's going to pump it temporarily, but long-term it's not going to bring back the bullishness for bonds. Return buybacks to their stated purpose. Small scheduled of the run liquidity operations announced quarterly refundings, never of cycle responses to yield levels like we've seen now. So yeah, many opinions. I I just know that they're going to print anyway, guys.

I mean, they're going to print anyway. Going to print anyway. And yeah, it's very, very important. Let's see. Uh said the following. This opinion by Stan Draken Miller was entirely AI generated. If you read the text, it's glaringly obvious. There's no way the editors at Forces Journal don't have an ear for AI written pros. They know what AI sounds like.

They're not stupid. They publish this anyway. Is this the new normal? Does it mean AI writing is finally good enough to be published in Wall Street Journal? Yeah. I mean guys, personally I think that if it's good enough like people read it and you communicate your thoughts is good enough is good enough. It's a bit of a off topic from crypto but it's I it's kind of true also.

I mean if you let me put the tree back if you write your thoughts and you don't and you did not click the buttons yourself click click click a monkey can click buttons but if it's still your thoughts okay it's like you know saying that oh if you don't write with a pen it's not your thoughts it's computer thoughts you did auto correct you did autocomplete you did auto formatting in word word processor in the word word processor in the word app it's a word processor okay so it's not your text so I mean at the end if it's

your thoughts is your thoughts or does it mean that if you're famous and important it's okay to just push out a written content so long as your by line is on it and you stand by the consequences we understand that famous people have speech writers and so as long as they deliver the speech we consider there yeah so interesting thing with the format the format of media is now AI we're all coming to AI in a big big way so that's that guys in terms of uh market let me see if I missed anything in terms of uh the update We

have uh Zcash doing very very well. Hyperlquid doing very very well. Uh let me go through the AI what we pulled out from the Twitter and see if we missed something and then we'll go to Q&A. So look here. We did discuss Bitcoin reclaiming levels. Oh, by the way, we did not discuss this. Micro Strategy is not buying the dip. They're not buying the bottom.

They're actually selling stock. Okay. They're selling shares. Shares kind of okay. They're kind of okay. But every week, Micro Strategy is selling their own shares. Uh trying to raise capital so they can fund stretch dividends. I guess Zcash narrative explodes on spot ETF chatter. Oh, this one is big. This one is big. Look here. Uh ETF is going to come for uh for Zcash.

uh Grayscale is converting their trust uh from like a closed fund um or how say it's not a closed it's an open fund but it's it was structured as a fund basically not really liquid a bit hard to get access to now it's going to be a proper US ETF so it's going to be easier to invest and uh it's going to be easier to uh yeah to to be involved and more and more money is going to be uh put in there uh look here the best historical analog for Zcash in my opinion is a 2013 Bitcoin double bubble similar to um HTF price action

markets market cap up search heighten price uh similar high time frame price action markup range and community after breaking the first high at 250. It just took Bitcoin four weeks to forex and go to 1.1K the Zcash ETF may just be the fuel needed for Zcash to repeat defeat. So yeah, let's see if it's I mean in a way you can say it's a bit bearish because bit Zcash is now 800.

So if it goes to 1.1, it's not too much. But I think he just means in general, not the exact price targets, but in general that we now break this. This was a top here like Bitcoin had at 250 and Zcash had it at 750 and then Bitcoin did a 4x and maybe Zikash has the same forex from here that it it reached here and then now it's going to continue to upside.

So keep that in mind because they do have a real uh real catalyst and most importantly for us it's a new bull trend. So it's a new if it's a bull trend we don't ask too many questions but also you do have here confirmation of um of narrative and it's a signal it's a signal uh it's a catalyst Franklin wins first SC clearance for tokenized assets there you go Benji money market fund now usable as collateral look trenches and Robin Hood heat up Kate Kate how you say kate post insane for app stats everyone is now using the

foro app. It's kind of like, you know, this trading app is used for uh for memes. Uh it's a cat season. We don't have too much um too much inspiration, innovation, too much creativity. It's cat, it's dog, you know, cash cat. You have cat. Let's check cash. Oh yo yo yo yo cash cut. Look here up and up and up and up and up. Uh bull trend. I mean again we don't ask too many questions if it's bull trend.

Bull trend is bull. If you are trading in general, you know, while Bitcoin is not confirmable trend, uh stay personally, I'm not really involved in too many memes, but if you want to be involved, then stick to the big ones like you know, cash cat and uh because everything else is likely a pump and dump and your ass is going to be so Yeah, you understand.

It's like that. It's like that even when Bitcoin flip is bullish. But when Bitcoin flip is bullish, it's just more chance that it pumps anyway because everything is stupid. It pumps anyway. So then it's okay. then it's more or less okay. Okay. Still, you remember in the last meme season, most memes they down, there was this 12-year-old kid that rugpulled all live.

You remember this this a bit overweight kid. He was there. He was rugpulling in real time. So even in bull market it happens. Uh but in bull market you just have better riskreward that it actually continues to the upside. So that's that. Uh so uh we did discuss this stock market is a bit hesitating. You know people are discussing will the yields threaten the spending boom because when the yields are high capital is more expensive.

You have treasury 1 trillion dry powder promised by Scott Bessent. We did discuss that. AI hype digestion. AI hype is kind of stalling out. Okay. It's stalling out. You see on the charts many of them went to bare trend. The time to be bullish AI was Q4. Uh now it's time to be bullish crypto again. So I to me AI is more or less for now at least finish trade.

And again, I'm just a I'm just a humble market participant. Should all of these AI stocks go into bull trend, which they may do, I'm bullish again. Okay. But for now, looking at many of them, it's bare. It's bare. It's bare. It's bare. Um, and they continue to be bare. This thing bare. This thing bare. So, I'm just a humble market participant and I'm looking at the bare and and then at the same time, meanwhile, meanwhile, while you see all of the bare stuff, meanwhile, you have new bull in Salana.

You have a new bull in ETH. So I'm just interested in all of this more. BNB by the way new bull BNB normally guys once BNB starts pumping. Oh once B&B starts pumping in bull market normally BNB is uh is not bad in bull market. Okay. And I actually like here I mean BNB normally is historically very strong in bull markets and they had a bit bigger dump than for example Tron.

Tron did not dump too much, but this this thing dumped quite okay. I mean, from the peak here to the bottom, it dumped 60%. So, it did have quite a good retrace, so could be good. Um, so yeah, I would rather be in cryptos than in stocks currently. Regulatory news, some SEC, some Clarity Act stuff with SE. I mean, who cares? Clarity. Let's see when it happens.

We we see when it happens. Gaming. Nothing happens in gaming. Yeah. Uh, Kagi, where's Kagi? Kagi, where's Kagi? No major running immutable of the grid. Nothing's happening in gaming. And you see, by the way, how amazing Boomania AI is. It's insane. Like, I use it so much. I get addicted to Bulman AI because then you can also ask follow-up question. I mean, you see how in-depth everything is.

You see how in you can ask follow-up questions. And uh this gold thing we just discussed also, it pulls everything from Twitter is some it's amazing. It's freaking insane. Freaking insane. Um, hostile never sell. Hypocrisy narrative. All clear company sold Bitcoin while slogan was never sell. Okay, so guys that's that. That's that. Uh, let's go to Q& A.

Let's see what is this trans reformation. Bitcoin is not abandoning its principles. It's transcending its prejudices. Yeah, you can say that. You can say that this we watched and then there are no more other ASO. Guys, that's it. Let's go to Q&A. As always, very important, sign up for the newsletter so you don't miss the updates. On the 4th of August, in the newsletter, we said bear is ending with big big letters.

We said bear is ending. If you were in the newsletter, you got the memo. If you were not, maybe you watch the stream, but that's the thing. YouTube may not recommend you the stream, but with the newsletter, this is the first link in description. Click it right now. Write your email. Click subscribe. So, so we're never out of touch. We want to be in touch.

out of touch. We don't want to be. We want to be, you know, this close. This close in the bull market. This close. So, you click the first link in description. You write your beautiful email. Don't be ashamed if you have some old ass email from you. We're 12. It's okay. I will not look at your email. I will just send to the whole list. We will not uh discuss your email.

Don't worry. Write it here. Click subscribe. Confirm your subscription in the email to the list. Very important. So you don't miss big moves. I mean here bears ending fourth of August. I yeah it was very good very good email. One of the best emails probably this whole bare market is one of the best emails probably that has existed. Yeah. Amazing guys Q&A and big shout out to Guzman.

We forgot Guzman today but Guzman is there. He's timestamping. He may not be visible to you guys, but he is visible to me always in our heart. Guzman, Guzman, where is he? He's hiding somewhere, but he's there always time stamping. Always. I screenshotted the questions so you it's not on your computer. So guys, let's go to Q&A. So first question from AK, what did you write?

Ena, if USD becomes major global crypto dollar, ENA could be an early bet on the infrastructure behind it. What's the biggest flaw in this thesis? Uh well I I think your biggest lie is that you focus too much on this like stable coin and you know global crypto dollar. Uh don't worry too much man. Maybe they're going to be maybe they're not going to be uh don't worry too much about that is is that's the biggest flaw in your thinking.

Don't worry too much about their dollar or not a dollar. Now it's good that there is a a story because you see it justly bullish. So you should focus on this instead. It justly bullish and it's probably a real organic pump. Okay, that that that that's that that's my read on it that it's not, you know, this fake pump that is just, you know, out of the blue some insider pump or some kind of market maker pump.

Probably it's real. I mean, probably they have community. There's, you know, there's some, you know, you say some stable coin. Yeah. I mean, to me, the stable coin part that you wrote is a bit secondary. It's a bit secondary because it's so easy to do this narrative and, you know, this and that. And I mean, probably they're good, guys. I mean, probably they're good.

Probably it's true. Probably in is one of these projects which is everyone loves them. It's like OG's love them. Stable coin, not stable coin. Let's see. Uh, can it DPEG? You let me know. Can can can the thing DPEG? Uh, let's actually see how how their stable coin works exactly. It's backed by dollar or is backed by algorithm. How does ENA USD? Yeah.

Or EUD. What's it called? EUSD. USD uh USD. USD uh stable coin work? Uh how much is it growing? Let's see. Let's see. Let's see. Let's see. Let's see what our ever knowing AI says. But you know, the way to see it is that real stuff are happening. They have the uh they have the dollar you're your what you're excited about. But that's secondary. It's more of a confirmation that the bull trend likely is good.

Okay? Because it's real thing with real stuff. It will have Oh yeah. Why? Why? Why you don't tell me guys? The background is messed up. See? There you go. So yeah, it's more a confirmation that the pump maybe going to continue a bit more. If you have, you know, 50 assets, they're justly bullish. You have Ena and you have some random ass meme. You can pick ENA because random ass meme probably pump and dumb by insider.

Ena maybe real demand. So this is how I use it. Okay, this is how I use it. Don't worry in the bare market is still going to go to zero. Don't bare market comes. No matter which stable coin you have, it's still going to dump synthetic dollar. See, it may dep, you know, it's synthetic delta neutral. You see, it's it's it's a mechanism behind it. It's a mechanism that keeps it at a dollar.

A bit of game theory. I don't want to say it's like teraluna but teraluna was another one they had a bad mechanism Teraluna had a bad mechanism maybe this is a good mechanism I mean die stable coin for example they also had a mechanism but then they said hey our mechanism we don't trust it too much let's just back it by USDC this was in like 2018 or something you guys remember when USDC added the sorry when D added USDC having a mechanism is always a bit risky I'm just giving you some some things here so you have a

full picture because uh you were speaking about how it's going to take over the world. Maybe it will. I mean, who the hell knows? Someone deposits crypto collateral. Ethena means an equal uh USD at the same time the protocol opens a matching short. Okay. Yeah. I mean, hopefully it works, man. Hopefully it works. Uh will you will would I have money in this guys?

Honestly, no. I I wouldn't have money in this. So they their protocol opens a short. So if the collateral Yeah. You know we we had some Yeah. Sometimes the industry has issues like on the 10th of October you have a short or you have a long it may not work out like you're order. So anyway they probably the smart people have been working at this probably it works.

Okay. I mean who knows? But I personally I would not put money here guys. It's a mechanism this and that. It's uh it's it has pros. there is no bank account that can be frozen behind it. At the same time, when you look at the I'm I'm just I'm just being fully honest with you guys like when you look at the picture for example in the US how far stable coins came in the US government is very unlikely to just you know kill them.

They are you have the genius act like USDC even USDT is in the US. Now if something happens to the issuer even in FTX I told you I lost money in FTX but then I got back more because I had ETH I lost my ETH in FTX but then I got more dollars back because ETH did not pump actually ETH dumped you know so I got more. So I have now a full end to-end experience of bankruptcy in crypto and you know what is my experience from being part of a bankruptcy in the US.

I I don't wish to be part of it again but I can tell you experience was kind of nice. I I don't want to repeat it just to be clear. I never want to repeat it again but being as part as a clay creditor in the bankruptcy in the US man it was quite okay. It was quite okay. Now imagine you are in Teral Luna where the whole thing just deped and it's all on chain like who the hell knows where it you know it's it's just depegged it's depegged some uh hedge fund traded against it hedge fund has all the money because it's just

market dynamics then if you bet against the the mechanism and the mechanism breaks you as a hedge fund or as an institution that beted against that you get to keep the profit like George Soros kept all the profit when he broke the the British pound. You understand? You understand? So if something happens to the USDC, I know, man, I'm a very respected person.

I'm a freaking creditor. We're going to go to US court. We're going to figure stuff out in Bernie Maidolf. In US court, they got all the money back in Bernie Maidoff. It took some years, but I can tell you in Teruna, no one's getting anything back. So, I'm just I'm just being fully upront with you how I'm thinking because some people will just tell you, "Oh, no, all in decentralization, all in this and that."

But, you know, I've seen the both sides of the story. You have something that breaks and it's fully on chain, some DeFi crap. No one knows anything. And then I had the experience where FDX went bankrupt and man, I got quartered. How you say quartered? They told me, "Mr. Creditor, Ivan, Mr. Mr. Creditor, please sign this paper. We're getting your money back."

I said, "Okay, sign it." Boop. Then they said, "Mr. Creditor, Ivan, Mr. Mr. Creditor, where do you want your money? We have it." I said, "Send it here." They said, "Mr. Creditor, we have wired the funds." I said, "Thank you very much. I have now more funds than I lost." So, yeah. Uh, that's obviously guys, it's there's no perfect anything there. There there's no perfect anything.

Uh, this bankruptcy was good. Maybe another one is not good. Maybe you know it can deep you understand. So conclusion, don't become a fan like fanatic. Just trade the trend. It's bull now. So it's good. It's good. If it's bare, you're out. You're out. It's good now. It's good. Yeah. Some questions about what to do with Bitcoin. Should you go all in?

Re-watch. Re-watch the stream. Re-watch the stream. We we discussed Bitcoin in depth in the beginning. Guzman is asking, "Ivan, did you see that Cosmos asked all chains building on Cosmos SDK to hold their validators because of another hack vulnerability?" Really? I haven't seen that. Let me double check. Let me actually instead of double checking, let me just ask AI and then because then I see I can see all the tweets instantly.

Then I can see all the tweets. Let me check that. Horsh is asking is Solano 230 possible? Solano 230 was our bare target dream. It was our you know sweet summer child dream. How you say do you say that? When do you sweet summer child? Anyway, it was our dream in the bear. If the bear would continue, let's say if it got rejected here at 80, it would be going to 30.

But now it's bull trend. So all of the bare targets are out. They're out of the picture. They're out of the picture. harsh. You can buy back your car probably if we go back to this highs. But Solan to 30, it was our wet dream to buy so cheap and we had two buy scenarios. One by scenario is we go to 30. Another buy scenario is bull trend. And it is bull trend here since uh 90 93ish.

93ish. He's trolling. He's rolling. Man, Harsh, how are you doing? How are you doing? My car is coming soon. That's good. See, Harsh has good mood today. Harsh, you were a bit grumpy there in the bear when we said when Solana did not do do good. You had a bit of a fight with Matt or something, right? You had a bit of a emotional situation, but now everyone's happy.

That's good. I I love that. I love that. I love that. I mean, I would rather harsh to be happy than for us to buy at 30 to be fair. But buying at 30, it was uh it was our wet dream. Now it's bull trend. The bulls got in control. And listen, we are we're just humble observers. It's bull trend. We're bullish. That's it. For some people, they because they're a bit play, but they don't understand.

They're like, I mean, how can you be bullish? You were bearish last week. Yeah, know it's bull trend. It's simple. just just like you know back in September we were speculating that maybe Bitcoin is going to go to like 200k. This was in September and then in October we said I stopped out. So yeah, if we need to get out of here that's it. That's it. That's it.

When when situation changes will change. Now it's lvida loca. Exactly. We're living loca for Sana. It's Lvida loca for Bitcoin. Guys, if we can close here Bitcoin, it would be a fantastic lavidid loca also. We're leaving the la vida loga harsh is saying I was disturbed chef chef Ivan and was and Matt was bullish that's why we had the okay okay vial let's check virtuals what's happening so not bull yet not bull Yeah, it's a bit of fake us here.

Let's see. So, yeah, you have a 0.86. Let me check if two week chart is cleaner. Yeah, one week is good enough here. So, yeah, but 0.86 the bulla the flip the flip bulla. Do you think it's going to be a Vshape recovery for some odd reason again? Um I mean it's not a Vshape because Vshape is after a fall. For example, a Vshape would be that you know we fall like this and then we recover.

Uh here we've been falling now since basically Q4. So it's not a Vshape. Vshape is fast fall and fast recover. Let let me show you Vshape. Vshape was in COVID time. Where is the COVID? Yeah, here here is Vshape. This is Vshape. Vshape is in February. You have a high, then you have a bottom here in like first week of March, and then you're back like, you know, in a in a few weeks.

This is Vshape. This is Vshape. Uh this is what the bulls hope for each time Bitcoin falls. You remember in October when we said it's time to fito, time to pack up your bag, go away from crypto, the bulls said, "Oh, it's going to be Vshape." Because we we fell so quickly in October. It's going to be Vshape. We said Vshape is this is an exception, guys.

Like this this this barely happens. It happened in COVID one time. People remember it. They think they pray and they think it's always going to happen the same. But yeah, no, it's very very uncommon. Um, so it's not a Vshape by definition because we had such a long fall. Now it's more of a you know, we built the bottom. We we're now I mean you could argue that uh we've now built the bottom here since February.

Since February basically we more or less we've been sideways here since February. So if we con confirm bull flip here I would say yeah it's a it's quite a good bottom to be fair it's quite a good bottom here basically and you see also here in February we came very close to a 200 week moving average it was very short but it again show that 200 week moving average is quite a good signal that you know more or less here somewhere is the bottom more or less so 200 moving average it's fantastic it's fantastic so we said u

here we still said it's it's too early but here once We went actually below 200 week here. We said time to accumulate, time to accumulate, time to accumulate, time to be bullish, time to start deploying. And the big bucks we deploy when we go bull trend. So yeah, I mean more or less Bitcoin is quite I don't want to say I listen I don't want to get hubris but it's been quite standard actually.

It's been very standard. It peaked out here in October. It's it's down for soon a year. Now it's you know it's a year soon. It it bottomed out at 200 week moving average. It's like it's all of the check marks checkbox. So yeah, but listen, we're just humble. I don't want to get too too too much hubris, but yeah, it's been very standard. Been very nice.

So now we close here and we go Valhalla. That that that would be nice continuation of the of the uh of the hubris. Yeah, but we're humble of the humble hubris. When we will hit 100K, nobody but us will care. Can you see the global picture? I think when we hit the the 100K, people maybe that's when they're going to notice again. The media will be writing.

It's a big round number. So yeah, maybe they they're going to be writing it. What about the 50week moving average and the ABC pattern? Uh I don't worry about that too much. I mean there are many all moving averages in one way or another. Well, not all but there are a few big ones. You can argue that 50week moving average is big one also. So in our bullmania uh moving average pack which you in bulmania should have.

We have all of these different ones here. So what can you do with with all of them? Most of them are not super useful for in a bear. In the bear you have the 200 week super useful um for Bitcoin for Bitcoin. Now for example you have this orange one. You can argue it's a bit of resistance but yeah I mean it doesn't matter too much to be fair. It's if it close bullish on the money line that's that that's my signal.

Some people say, "Oh, no, it's maybe it's rejected." Maybe for Bitcoin in particular, 200 week moving average is what you need to worry about. The other ones you don't really have to worry about them. I mean, just practically how how I work. I don't worry about them too much. Is the 200 week I worry about. Okay. Then on other assets, it may be different.

On other assets, they they may be more important. The less you have like the less stuff, you know, you have some ABC pattern, people have the Eliot wave. There are so many different things you can have. The problem with for example Elliot wave or you know you try ABC is that you can draw them in so many different ways you know uh you know someone will say that uh actually on Bitcoin now maybe it's a bit easy here it's oh pop uh but the problem with you know trying to figure out is it a wave A wave B you can draw them

in like five different ways is and it's not because you're bad because when I started trading guys Eliot wave was actually one of the early things I learned in technical analysis I'm like holy Elliot wave I Count A, B, C, bum. One, two, three, four, five, and I make free money. I thought I'm like, man, it's amazing. In the in the tutorial in the tutorial that I watched, it looks so easy.

The guy was like, oh, one, two, three, four, bum, wave five. I'm like, man, it's amazing. That's all I need. Trading is freaking easy. Warren Buffett, here I come. Warren Buffett, watch out. I'm gonna come with my Eliot. I'm gonna count the waves. I'm gonna wreck, you know, I'm gonna be a wreck. Then you open charts. You're like, man, is this do we count like this or it's a bit of down?

Is that like a separate one? It's impossible, guys. It's impossible. It's you're not dumb. If you've been trying to use Elliot wave or this ABC or whatever and you've been unsuccessful, I can I have a news for you guys. You're not dumb. It's just not that helpful to me. It's not that helpful. So, I realized pretty quickly that um it's it's not a good thing.

uh instead I love the trends for me. That's why bull mania like we're just trend based guys. Trendbased it's is the best guys. It's the best trend you know bull bear keep it simple and then sometimes you have additional additional things such as the 200 week moving average which you know is so nice is cheap is the long-term moving average. Don't complicate.

So I never count you know wave or whatever. I I I I I never count that. I never count that. I never count. I just know 200 moving average is cheap and then you have bull and bear and guys I I can tell you for most things is more than enough for more things to know whether it's bull or bare and then if it's super cheap at like 200 week you're good you're good you're good but then of course here you need to know how to enter how to exit how to set stop loss we have a full like eight hour course on all of this in in

Bulmania that that teaches everything in depth so yeah hope that makesense Elliot waves goodbye. Exactly. Elliot wave. Goodbye to your money. Goodbye. Goodbye. Goodbye. Goodbye. Wave. I mean for me it's it's been like that. I mean obviously maybe now for example in Bitcoin maybe in these cases it makes sense. I mean it's so easy here. Whoop. One two three.

Yeah. I mean now some sometimes some charts are freaking easy like Bitcoin. Bitcoin is actually one of the easiest charts. You see how clear it is down and up fake out down and counter trend down and uh now it's reversal. So maybe in in in Bitcoin some someone can make it work but yeah in most cases like let's say here how the hell you count it is this one or is this one or like you know or or is this don't don't bother guys don't bother this one they over complicate too much you need to know the trend the trend is

your friend trend is bullish people piling in momentum psychology for greed you're part of that no matter what fundamental if there is momentum people are putting money in you want to be part of that that's it guys listen that's it thank you so much for being here big shout out to who to Guzman for time stamp something us uh final reminder first link in description you write in your beautiful fantastic email right here it says enter your email address so you write it here okay you click you write here you click

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