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Crypto Dip: If It Doesn’t End By This Date It’ll Accelerate Quickly! Transcript, AI Summary & Key Points

Crypto Banter · 2 days ago · News & Politics · 39:05 · EN-US

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Answer

Bulls need to regain control by the monthly close or approximately halfway through October; otherwise a bearish deviation could accelerate the decline.

AI Summary

Crypto and broader risk assets are at a decision point. Bulls have roughly the next two weeks, including the monthly close and possibly halfway through October, to regain control; otherwise bears could create a deviation and accelerate prices lower. Bitcoin could first move toward $88,000-$92,000 before a deeper flush toward $72,000, which is viewed as a meaningful buy-the-dip zone. Negative Coinbase premium, slowing ETF outflows, balanced positioning, recovering daily exchange volume, and a reset in open interest would support a higher low. The broader market remains difficult because the DXY, oil, 10-year and 30-year Treasury yields are rising while stocks and crypto are attempting to move higher. The preferred stance is cautiously long with strict attention to risk.

Key Points

  • The market turned green from the Asian session into London after about a week of selling, while hourly charts bounced and the weekly timeframe began recovering.
  • The next two weeks, including the monthly close and possibly halfway through October, are the key window for bulls to prove they still control the market.
  • A 70.3% probability is priced in for a US rate hike on 28 October, despite no October rate hike occurring ahead of a US election in the period discussed.
  • US Treasuries are in a bear market described as being down 60% since 2020, wiping out 20 years of gains in six years.
  • 10-year and 30-year Treasury yields need to rise gradually rather than accelerate vertically for stocks and crypto to retain room to move higher.
  • McDonald's has an almost exact inverse relationship with the 30-year Treasury yield in the chart discussed; support near 179 is the next meaningful level after the stock lost its yellow line and consolidated below the 200-week moving average.
  • MAGS remains in breakout territory above 60, and consolidation above that level could form a bullish order block.
  • Amazon is being accumulated around 246, with additional buying considered near 225 if panic removes the relevant wicks.

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00:01 This is the first time in about a week that we've seen the market start to go green going from the Asian session into the London session. For the most part, it has been nothing but selling into that session and leading into New York. They pump price back towards the upside or attempt to at least hold price. So, is this a meaningful shift that we starting to see within the market?

00:20 That's what we'll discuss today. Time is running out for the bulls to prove that they still maintain control. Um ultimately really the ball is in the bears court to take control over here and to create a deviation if they want to send prices lower. Uh that is what we will discuss in today's show. What is the probabilities and what is the most likely outcome?

00:38 Make sure that you vote on the poll over here. Who do you believe is in control of the market right now? Is it bulls or is it bears? And when I say right now, let's talk about over the course of the next two weeks, right? So leading into the monthly close and then maybe about halfway through October, who's in control over here? votes over there. Smash the like button as well up top.

00:55 It really helps to get the show content out. And let's get into it. So, you can see couple of the charts over here have started to turn green on the day. Most of the charts on the hourly are bouncing and the weekly starting to recover. Um, this is following a little bit of a dip. And you can see on the stock market, it's no different, right? A lot of this has been caused by the rising uh 10 and 30 yields which have been pushing towards the upside alongside the DXY which is causing a little bit of shakiness within the

01:22 market. rightfully so, right? Because if you look at the um economic calendar again, there's a whole lot coming up. And if you go through to the probabilities, they've started to shift. And the way that they've shifted is that we've never actually seen a rate hike in October ahead of a US election. This is the midterms, of course, which is going to be coming up.

01:41 And currently, it's being priced in at a 70.3% chance that it is going to happen next month. That interest rate decision is coming up on the 28th of October. Um so about exactly one month from now. There's a lot of pricing in that needs to happen with relationship to this and we'll see what's going to happen, right? I mean, if the yields carry on at the way that they the rate at least that they're at, that could be pretty serious leading into one month from now.

02:07 They might have to even intervene before then because if we look at the US Treasuries, they're experiencing the worst bare market in history, down 60% since the year 2020. What that means is you wiped out 20 years of gains in in six years, right? 6 years uh 20 years of gains completely gone and a lot of people are trying to buy up these treasuries over here expecting the bounce but if you go through to the individual charts over here like the US 10 year and 30 yield well these are suggesting that they want to go a

02:37 whole lot higher and remember it's not really necessarily about whether it hits this target or not it depends on how it hits that target that's what we spoke about yesterday the problems start to come into play if you get mass acceleration which right now it is it's going vertical So you need this thing to cool off and rather have a little bit more of a structured slow but steady grind towards the upside.

02:57 That would mean that the market still has a chance to move up alongside this. And here's your 10ear yield as well pushing towards the upside. Now one of the interesting things and I didn't even realize it is it's pretty much an in an exact inverse relationship and it's McDonald's which you guys would know we've been short on that. So this trade is paying out absolute dividends.

03:20 Absolutely amazing over here. huge profits, big breakdown. It lost the yellow line which again if I just highlight this onto a weekly scale for you, it looks bad, right? It looks really, really bad. We're talking about potentially coming back towards those co lows. Uh this was back in 2020 when you had that drop. I'm not saying all the way to the bottom of the lows, but to fulfill some of this is your next meaningful support at about 179.

03:38 So McDonald's getting absolutely rinsed. We highlighted it over here when we started to say, look, this thing could turn over. you are starting to consolidate underneath the 200week moving average and you might see things fall through. So the short trade has already played out about one-third of the profits over here and this has been a hedge against the rest of the long trades that we have in the Trafy market in the event that things fall to pieces.

04:01 We said this is one of the weakest charts and you'll see a deeper drop. So I guess it's just showing the cost of money is very expensive and the average person probably can't afford McDonald's anymore and therefore again this is pure speculation but maybe that's the reason that these are exactly inversely correlated um pretty much almost one as the 30-year yield moves towards the upside.

04:23 McDonald's keeps dropping towards the downside and of course the Treasury bond price is collapsing over there. So there's a whole lot that we need to look at over here. Let's get into it. Of course, some of my main positions still remain long over here on MAG X, which has pulled back a little bit. Um, I'm still not too worried about this. It's still very much in that breakout territory.

04:42 And any little chop and consolidation that occurs above 60 over here, I'm thinking is just going to be a bullish order block that will likely catapult this higher. So, maintaining that long exposure. And this is also based on the um MAGS ETF over here. So, round ETF breaking out of the top side of the trading range from a technical setup. To me, this looks really, really good.

05:03 And then you can go through each of the individual Mag Sevens in case you want to possibly longer lag it, right? It's up to you if you want to do that. Now, one of the best ones that I've looked at and I've also been scaling into position on this is Amazon because Amazon's coming right into that key area. So, I've probably brought my average down somewhere around here, like about this 246 region.

05:21 So, I'm slightly underwater, but I'm fully prepped to allocate into this uh to be honest, all the way down. I think that you'll get a bounce over here. But even if that bounce fails and you come lower to take out that double bottom, right, we have another double bottom coming into this vicinity over here, I'm not necessarily expecting that that level get taken out.

05:40 That's probably a bit too far to continue to scale in. But if you get a little bit of panic and you take out these wicks, I'm going to still be probably a buyer over here at about 225. Um, I'm willing to to scale in my orders like that with a grid all the way down into that zone, expecting that if the MAGs ETF is going to push towards the upside, Amazon is one of the largest market caps within the MAG 7 and that should take things up with it.

06:03 Right. So, some of the other charts are looking pretty decent in terms of like Apple. Apple trading pretty much at all-time highs. Little smidge below there. Um, right at that zone, you got Nvidia coming in one, two, three, fourth attempt at those highs over there. very close to all-time highs as well. You got Google not in a bad zone, but not as good as Amazon from a risk-to-reward perspective.

06:25 Meta, of course, already broke out of the symmetrical triangle. So, any throwbacks that come into these previous tops at about 680 are going to be a decent area um to look for a long entry. And Microsoft in no man's land for a long trade, but overall, as long as it consolidates up here, it's pretty good for the MAGS ETF. And then probably the weakest of the lot.

06:44 I'm not really willing to long this one yet. But if I start to see a little bit of support being found and let's just quickly redraw some of the fibs. We're looking for the rejection from this zone on Tesla, which you are getting. And if you can start to find some support into these key fibs over here, this might be enticing and interesting to open up individual stock trade on Tesla coming into, you know, anywhere between 330 and 342.

07:06 I'm going to be looking for that higher low uh relative to this over here and then continuation with the rest of the MAGS uh ETF um index over there or the the ETF at least. So, let's go on to QQQ. It's another one that I'm still long on. Again, as long as this continues to consolidate above the breakout area, um ultimately I think that it's all good to go.

07:26 I am long on this one over here, which is QQQ3 3x leverage on top of QQQ. Um and ultimately looking for that to to still continue to push up. You have very much the same picture taking place on the S&P 500 also consolidating above the breakout area. There's a real chance that you get that bump and run, right? So, you bump back into the trend line, bump and run, price moves towards the upside.

07:48 But just understand the landscape is incredibly tricky given all of this, right? Increased chances of an interest rate hike into midterms, US Treasury bond market collapsing, 10 and 30 yield breaking out, DXY looks like it wants to get absolutely gigcent. um they can move up in unison but not over a very very long period of time. So in the shorter to medium term you can still remain long into some of those target levels that we have right um but again it's it's it's really taking the approach of cautiously long

08:17 cautiously optimistic over here but understanding that there's massive risk if things start to unwind and these things begin to fall to pieces. So all in all I think those are the main things. Quick look at the oil price over here um which is still bullish again. You know, typically we don't see all of these things move up very long at at the same level.

08:35 It's basically like just long everything. It's all going up. Um something's got to give, right? Something's got to give. And typically if oil breaks out above this level, that is going to be problematic. Who is going to cave first? Is it going to be the energy sector that breaks down or is it going to crash the stock market? I don't have the answer to that, but I am taking as many trades in the different sectors as possible.

08:56 We have Bloom Energy still very strong holding that position over there. No changes needed. So overall energy wants to go higher. Um 10 and 30 yield wants to go higher. The DXY wants to go higher. And the stock market also looks like it wants higher, right? So uh you got to place your bets very very very carefully. We can come back into some of these in a moment.

09:16 A quick look over here at the metals market which I told you remain cautious on this, right? Good chance that you're coming back down into these lows and you got a massive markdown yesterday across the board on most of the metals, gold, silver, all coming down, right? So, I'll be waiting for either better structure to develop before entering into any long trades over here or for major support levels to get hit.

09:37 The first meaningful support is going to be 3,900. If you lose that, you're talking about a move down on gold all the way to 3,300 and then I'll probably buy a bunch of a bunch of fancy gold watches um if that does happen, right? To get exposure to gold. So, silver, same thing. You're looking at a move down into about 50. Uh you're looking at platinum.

09:56 Uh, of course you can come back into these range lows at about5. And then after that, you got your mid-range at 1,350. And then we got copper still the strongest of the lot, right? Strongest of the lot consolidating at those highs. Showed a little bit of a swing low that's occurred, taking out that previous high low. But for the most part, I just treat that as um overall chop within the market.

10:18 Right, maybe let's have a very quick look at just some of these individual ones. Oh, and I I do want to mention before I forget, I took the trade, right? I took the trade yesterday. I let the well remembers know I am I have a small position very small right um Nike I've taken the position on Nike this is just coming into the bottom of the falling wedge and uh we down already over 80% on this trade or at least the the position has drawn down over 80%.

10:42 So getting a marginal bounce, I'll nibble into this over time. I think that from a mean reversion perspective, you can see a lot of gaps over here, right? So some of these things can be potentially filled. These can lead to uh quite enormous uh bounces and if that bounce goes into this gap and you start to find support over here, you might get people shifting bullish looking for um a greater bounce and and then you're in pretty much from the bottom.

11:05 Now I'm not advocating that you try pick bottoms over here but uh if you have a scaled approach and you believe there is going to be some kind of a mean reversion it's tradable right so this is one of the uh the positions that I have on the table all right SpaceX also quick look at that now starting to reject right pretty critical over here if it continues to consolidate under here my expectation is at least a move back down into 122 I think for the long term SpaceX has really uh set up a DCA system over here daily

11:34 weekly dollar cost averaging over the course of a one-year period. Um, so into I think 11th of June next year 2027 is where the majority of the stock has unlocked where potential early investors could have exited if they want at a profit. Um, and then hopefully most of the sell pressure is done over there. So, uh, new charts, right, new charts typically do this.

11:54 We tend to see them drop at least 70% in this instance. You've dropped 53%. So, um, I I would target over here a larger lump sum buy if this did come down into about 85. No guarantees that that's going to happen, but it is on the watch list. All right, quick one. Let's just quickly go through some of these over here and see what's going on as well um with the AI and memory sector.

12:16 So, let's have a look at some of these. We have some trades on the table. Palanteer, I'm fine. I'm still holding this. Uh no changes needed. Of course, I would personally like to see this bounce with the rest of the market today. Um if this does start to trade back above 190, it's going to look really good. uh Robin Hood as or throw back into the 200 EMA anywhere in this area is time to start to look for another long opportunity.

12:37 Right? If you miss the long trade over here and you and you want to scale into the position, this is rarely the area of interest. Right? So, you're looking for a slow down, a higher low to form and then continuation up off of this. So, I think that this is um an as good as any zone on Robin Hood. This can be put near the top of the list um as an opportunity.

12:57 And we can see Micron Technologies as well starting to open um overnight trading towards the upside. Marginally still very strong. Everything looks good over there. No changes needed. Intel also looking very strong. No changes needed. As long as this consolidates above 108, I'll leave it. And then this one is really taking its time, but I'm still long on Caterpillar, right?

13:15 So no change over there. Um we have new highs on AMD. That's really good. We have a SanDisk showing a little bit of strength coming into the high low territory. No changes there. continuing to hold long. And then this is the only one I'd be a little bit cautious of. Remember, this is a worst case scenario. I'm not saying this is going to happen and I don't want to lead um into that.

13:33 So, I'm actually going to delete that that target for now. Still long and strong. Just monitoring each of those higher lows over here on SKHEX. Um if SKH starts to break this trend line, you know, there is a potential. Well, then you're looking at your uh your deeper move down will clean up some of these fibs, but you're looking for a deeper move down back towards where the entry zone was.

13:54 If you start to lose that entry zone uh one step at a time, right, then you got your supports coming in here and then you potentially could play out um those those lower downside targets. Okay, cool. Quick look. Let's see what's going on on Coinbase. Um it's okay. It's reaccumulating over here. I think that you'll have a good chance that you'll move back down into about 170.

14:12 So anywhere around this yellow box is probably going to be um a reaccumulation zone on Coinbase stock. And then we got Micro Strategy. uh Micro Strategy still hasn't cleared the highs. So unlike Bitcoin, Bitcoin theoretically relative to where Micro Strategy's at has already traded above this level. Micro Strategy is still a little bit um um it's struggling over there, right?

14:36 It hasn't cleared out this level. It could um it's going to take a little bit of time, but no higher highs yet, right? This is still very much lower highs that's taking place. Okay. Um let's move on. Let's go on into crypto. By the way, for any of you that want to, as long as you're not based in the UAE, this is for anyone else. If you want to um take advantage of a quick trade opportunity, obviously not going to be life-changing wealth for you, but uh it's still money, right?

15:03 Trade $50 on Culy, get $25 bonus over there, and you'll be entered into a $500 giveaway. Here it is. You can trade the metals if you're looking for some of those support levels to come into play. You can trade crypto per. A lot of the trades that we in um are listed over there. So, for those of you that are interested in that, um, linked in the description below.

15:22 All right, USDT dominance still holding on over there. I'm not going to comment too much on this. It's more or less the same place. Let's move on to the flows, right? So, Coinbase, Bitcoin selling pressure is getting heavier as per this chart over here. So, if you look at the uh the premium rate, it's pretty much negative over here. So, there's it says over here that's a sign that ETF inflows have already started dying up before the official numbers hit.

15:44 This is going to be vitally important um leading alongside the 7-day daily exchange volume. So the real question he says over here uh now isn't whether the flows are slowing, it's how much outflows are going to be coming through. So remember we track the outflows over here on the well trade side and you can see they only just started to shift from positive down towards negative.

16:04 We spoke about this into these positive environments um very similar to where a lot of the other local tops have occurred on Bitcoin. So big spikes over there tend to mark local tops. But this could also be viewed in a sense as a bullish divergence if price continues to hold up here and doesn't actually sell off and the ETF flows go slightly negative and the daily exchange volume actually holds up um whilst we've had a reset in the open interest then there becomes a chance that you might actually see um things hold up.

16:32 So, right now the daily exchange volume is in a precarious place because uh it is putting in a lower high relative to the previous high, but it's still it's it's kind of like those symmetrical triangles as you compress into the end of a triangle, you have the ability to put in a little bit of a higher low over here um and turn around 35 billion. And that's what's going to be interesting because if the expectation is that the stock market has the chance to bounce into the end of this week, which I believe it does, hence

16:59 I'm long on those positions, that could take the 7-day daily exchange volume up with it and allow for a little bit of further continuation. At some point, you're going to get a me a mega flush on Bitcoin. It could take you down to $72,000, and that's going to be a meaningful buy the dip zone. However, the question is, do you go first to $88, $89,000 before going down?

17:17 And I think that the answer is yes. there's a real possibility of that. So, just be cognizant and aware, right? If we look over here, long to short ratio, pretty much 50/50 over there. If we look at the 24-hour liquidations, mostly longs that got taken out, high leverage traders, and that has reset the um open interest. So, I'm quite literally showing you over here on the price chart.

17:39 Uh these are the lows for Bitcoin, right? 59K, you swept a little bit lower, you went down to 57K. And what happened with the open interest during that environment? The open interest shows the level of interest of traders and whether they want to be exposed in the market or not. And you can see pretty much you've come back down into this territory. Um, so this is very very low interest.

17:59 No one wants to be here. No one's watching the YouTube videos. There are no traders and the traders came back on the pump. As you can see, the open interest picked up and now they've been completely flushed towards the downside. So highlighting and tying all of this stuff together, what it means is if you do see the Coinbase premium remain negative, you see the ETF outflows um drop off a little bit, but the uh the balance has come back into play, which we've seen now.

18:25 This was a negative skew. The skew is now balanced and simultaneously you begin to see the daily exchange volume pick back up. This would be a very healthy sign that you might have a higher low taking place over here. You might first go to that 88 to $92,000 territory, which would provide massive resistance, by the way, but that kind of ends the shorterterm long trades that are on the table where you need to start to look to take profit into that zone and expect a deeper flush.

18:51 All right, so this has all been support. What do you want to do with support? Usually, you want to buy it, right? Of course, if you start to break down deeper, you've got your um uh your anchored VWAP coming into play around that 72K with the 50 MA. So, we're still waiting for that over there. And you can see over here, price is now going to attempt to get above the orange line at 84420.

19:12 What that means is if you do get back above that, you will have your RSI rising back towards the upside. You can see it's starting to tick back up over here. So, at the moment, I'm just viewing this as compression with the RSI. Lower highs, but higher lows. You could chop into the zone for a while and then ultimately if this breaks out like that, that should get things really going towards the upside for that next and maybe major move before putting in a local top.

19:39 Okay, cool. Amazing. We got that in play. We're also seeing liquidity is is building overhead. $72 million worth above price on the uh 7-day moving or the 7-day chart. On the downside, though, this is kind of an interesting area because you've taken a lot of the upside liquidity yesterday. There was a whole bunch up here and you've moved into it. On the downside is starting to grow more than the upside.

20:00 So, we need a bit more time over here to to work this out. But this is $20 million worth um over there at that just below $83,000. All right. So, with that being said, I want to go on to a couple of opportunities within the altcoin sector, which we've seen um has had some decent moves. Uh if we go back over here onto the crypto charts, you can see some decent moves, right?

20:22 some some uh single digits on the hourly, double digits on the daily, and then I'm sure some things even going triple digits, right? You can see over here Q& triple digits. H bar also put in a massive move. So, I wanted to help you to find an opportunity to um you know, add to your toolkit. And one thing that I mentioned, I think it was about a month ago was um if you go to the link in the description below, this is going to be limited by the way.

20:48 I think it's the first 100 people, so I'm just mentioning it straight up. True North they're giving a free month to anyone or not anyone but the first hundred people that sign up over there you can start trading over there. So this is the ultimate intelligence for trading everything right all markets and what it does is you can come through over here and there's a whole bunch of different tool sets that you can use.

21:08 So you can you can use agents like you would with claude or chatbt etc highle AI platforms but specified specifically to trading right this is like imagine you had um uh claude for traders only that's basically what this would be right so you can go over here if you go through to the agents there's an agent called skew market screener he's a popular trader that's on um on X and he's basically made his agent uh well it's not it's not free to use it works similar to um if you're using uh tokens of course on you free to a

21:44 certain extent and then if you start to use up all the tokens you're going to have to buy tokens or subscribe to get the tokens to continue to to access the information. So, if you have a look over here, you can use his trading system, right? This is going to help you to find trade setups. And not only that, you can actually go and build your own agents.

22:02 It does a whole lot more than than just this. Um, but I think this is a nice starting point for you guys to have a look at. And you can see over here, it's got the top five ranked trade setups over here. I saw one of the comments earlier was, you know, what's the high conviction trades? Well, literally over here, it's showing high conviction trades.

22:17 Um, XLM is a high conviction trade. Uh, link high conviction trade. MW high conviction trade. Avac, a high conviction trade. And if we go through onto this, I'm pretty sure I just saw AVAC starting to move, right? So, this is looking at it on the low time frame. And look at that. Avac is up, right? So, you've started uh you've started to identify some trade opportunities over here.

22:37 So, for anyone that wants to go and try that, go and have a look, mess around with this, create your own agents. If your own agent is good enough, maybe you can list it over here and other people can also start to um to use it for their benefit. All right. So, at the moment, these guys have like 10,000 different traders using uh True North intelligence, right?

22:54 So, um they've got some big upgrades partnered with Open AI. Um and yeah, I think that it can be beneficial for a lot of your guys trading. So, we'll try use this over the next month, right? Next month, we'll start to to try look for opportunities over there and maybe I'll build some of my own things um into the platform. All right, moving on. Let's have a look at pump.

23:14 One of the biggest trades that I have on the table at least in terms of like um uh allocation in size is this one. Pump is doing very very very well. I would have loved to seen yesterday's candle close completely green. Yesterday there was an absolute whirlwind of low time frame chop and I think so many people must have got totally rinsed if they were um late on either longs or shorts.

23:35 We're seeing like this huge whipsaw effect, right? You can go over here um on the 15-minute chart. Look at these look at these swings over here. These are absolutely unreal. 17% up uh followed by 16% down. Crazy stuff. But nevertheless, the high time frame remains pretty much the same. Um look, the only thing is that was a huge uh amount of selling pressure on the volume on the volume candle over here for the daily.

23:57 This can be viewed two ways. One, this could be the start of a larger sell-off. Maybe some large um players exited over here. But the other way to view it is if this candle starts to trade back above that candle over there, the high of yesterday, that shows quite a large shakeout. and they're probably going to be forced to chase price higher off of that large selling.

24:17 So, all in all, pump I'm continuing to hold. No changes needed over here. A I'm continuing to hold over here and I still have my order scaled all the way down just under 60 cents. Um I still think that there's going to be a good chance of playing out some kind of a cup and handle. Pure speculation over here, but um I just think that when you look at the perpex narrative, which we'll talk about just now as well, um we seeing all of them go.

24:37 It's just one at a time. And uh I think there's a good chance that this will trade at least all the way back towards those highs before some profit taking. Uh ponds. What about ponds? Some of you may be wondering about that. Look, I'm slightly slightly underwater on this position, but given that my pump trade is much larger than the ponds trade. I think I'm probably about double the size on uh pump.

24:56 It's kind of like balancing that position out. And I'm I'm going to continue to hold this over here. But uh I do need to see this at least bounce back towards my near my entry point. And I believe my entry point is about 56. So I look for a bounce to about 60. Reassess if there's some weakness coming into play over there because we can talk about that.

25:17 Right. Ponds doesn't have one product as per the tweet over here. Um it has five. It's got memes, agents, defy, liquidity, meme stocks. These are five different categories and you only need one of the five to basically do well for this to generate revenue which goes back into the buyback program. So a lot of people look at things like this. This is crypto protocol revenue for after day zero within the first 150 days.

25:39 And if you look relative to virtuals, bonk fund um and ponds, they they've had a similar trajectory with an enormous pump and then it bleeds out. So I'm not going to be a ostrich with my head in the sand. I acknowledge that there's a possibility that this will bleed out despite despite their five different revenue streams within the protocol. What that would look like from a technical perspective is if this is going to get totally rinsed, it's going to probably be a bounce like that that starts to fail um around that

26:07 60 cent region into a lower high and I will adjust the trade accordingly and exit the position if need be and then you'll probably bleed through, right? Continue to bleed down. Um so that is what I'm doing relative to the pawns position. We'll move on to the next one. And this had some crazy relative strength yesterday. And it's um cash cat, right? Cash cat.

26:28 The fact that the rest of the market was going down yesterday and this thing's just holding. And yes, this is a rejective candle. Still respecting that trend line, but it was quite a large move and it held up relative to the rest of the market. So, I'm I've still got hope over here. I'm up on the position only slightly. So, if you would be entering over here, it's very similar entry point uh to where I'm at.

26:50 I'm just going to continue to monitor this. I'm expecting that you should start to see some closes very soon above 181 19 cents and then hopefully we get some uh nice continuation over there. All right, next uh FET FET I maintain the long exposure. This has been a wonderful trade up significantly on the position. If this is going to be a high low with the rest of the market, you could get acceleration from this point.

27:11 Um so I don't believe there's any need or reason to to change this trade over here. Another one to look at is Marscoin, right? So we'll go on to Marscoin. Let's quickly find the uh the chart over here. All right, here's Marcoin also starting to show a lot of relative strength. So, starting to round out off of those lows so close to the 0.786 um price is moving along nicely.

27:34 Will we see continuation? Part of the reason for the uh the move up was they updated the airdrop details. Binance platform rewards. Uh, Binance is now going to allocate 30% of Marscoin and spot trading fees as additional rewards to be distributed to the Marscoin holders and that's going to come in the form of Space XB which or which is basically the stock and QQQB which is effectively um what we long on, right?

28:01 This is the NASDAQ 100. So you're getting QQQB, you're getting this stock and you're getting SpaceX um just for holding Marscoin. So, I'm not saying that that's going to make up for draw down if this does this, right? That's not going to work that way, but it's just a nice incentive and something different that we seeing within the crypto space that could generate new interest, right?

28:22 We have to get creative in the in this space to get people to buy things. Um, so ultimately it's it's looking okay. It probably needs to recover some key levels. Let's have a look over here from the top to the bottom. um you know coming into the 50% level it's going to be a significant zone. You might find a bit of selling pressure between about 17 and 20.

28:42 That's going to be um one of the areas to watch. So uh trade accordingly, right? Trade accordingly over there. We'll see if we get follow through. All right, guys. Let me know in the comments if there's anything else that I've missed. If there's anything that you specifically want to look at in terms of uh trade opportunities. I want to very quickly touch on the performance of the perp exits.

29:03 Right. So, if we go through over here, these are undoubtedly the strongest coins. The Perex narrative is super super strong. It's a real product with real money. And sure, of course, at some point you're going to get a deeper flush down, but if you look at Hyperlid, this is pretty much trading near all-time highs. Um, and this thing launched at like $3, right?

29:21 So, this we don't have the full chart history, but if you look at where this launched um on the TGE, which is the launch date for these tokens on the open market, around $3. The way people got into this is through the airdrop opportunity beforehand by trading on the platform using the platform. They issue rewards in the form of points which then get later converted into tokens.

29:43 So one point usually equals one token and you can sell that in the pre-market. So we saw giga move towards the upside. Then lighter came with exactly the same approach and this is what the lighter chart looked like and you can see since even buying on the open market this has moved 602%. To give you perspective, this is almost the entire size of Bitcoin's previous bull market, right?

30:07 From the 16K to about 126 was, I think, 700% or something. So, here you've done 600%. It's pulling back. Now, we spoke about the long trade all the way down here at $1. Another long trade over here at 133. And then the most public one, which I was aggressively mentioning at 230 as an opportunity of the breakout of the cup and handle, which has played out.

30:26 Same story. You traded on here, you got points. The points later converted into tokens and you had the optionality of selling it on the pre-market before the TGE for a a fat pocket amount. Or alternatively, you could have just held that or maybe sell half and hold the rest. The reason that I make mention of this is this is part of the reason why I'm also long over here on AA because I think they'll all have their turn.

30:50 So, if you look at those charts, I've put AA on the top because it's one of the active trades that I'm in. But if you look at these charts, um I think that a lot of them have similarities with the selloff bottoming out runs it back towards the highs. You can see it on hype. You can see it over here on lighter. I think that a is really in this environment over here.

31:09 I think is in this environment over here. It's going to trade back towards the highs. Potential cup and handle. And that's one that I'm long on. So there's one option. You can buy something like this on the open market. And of course, you need um momentum to shift. It's always a bit of a gamble if you want to buy near the bottom. Alternatively, you can continue to farm new opportunities that are equally large.

31:30 And the at least in terms of the people that really really really farmed and were super involved with early hype, pre-launch, early lighter pre-launch, they're hyping up um variational as second to hype, right? So lighter was second to hype, but they believe variational is going to be more bullish than lighter, maybe slightly below hype's performance, which means that you can start to work out potential market caps in terms of what these tokens will be worth.

32:00 So variational has a points calculator which I've attached below. Depends on how many points you have. I have about 7,000 points. So right now in the open market, I can sell this for about $181,000. I'm not going to I'm going to continue to trade over there and continue to farm these points. I believe that we'll see at least $50 per point at some at some stage within the future.

32:23 So for those of you that were trading it, I would encourage you to continue. The link is there if you want to go to the points estimated. It's also over there. If you use this code, omni dupes, you will get a 15% points boost. All right, so on top of whatever farming you do, they'll give you 15% extra because of course I'm referring you into it. Um, and I do believe this is going to be one of the bullish ones because we have data to work with.

32:46 I have 7,000 points, 181k right now if I go and sell this. I think I'm going to get more. I think I can push this to about half a million. And I may even just leave it and not even sell it so that I have some level of market exposure in um some in an altcoin that is part of a strong narrative pending if this is truly the start of a a face melting bull market that we could go into.

33:09 All right. What about TX flow? It's another one to look at, but it's all about the timing, right? Right. So, I see there's a comment about that TX flow. There's it's all about the timing. If you had to go between the two, I'll go for variational and farm that hard, right? Um ju just before the TGE. The TGE is scheduled for Q4, which means you have a couple of months left.

33:29 I don't know when in Q4. It could be as soon as next month in October. It could be as late as December, but it's set for Q4. So, you have a date in mind. You have a 90-day window which you can farm this. At least 90 days, maximum 90 days. Okay, amazing. Um, let's see. Uh, what else, guys? Let me know in the comments section if there's something specific that we need to have a look at.

33:50 We've done ponds. Uh, we've had a look at a lot of these over here. Let's let's quickly see what's going on on Suie. Um, I know there's a request on that. All right. Suie kind of reminds me of this Fed trade. You know, if you got the early entry, you've broken this level, you're starting to hold up over here. Uh, it it will lead to probable continuation higher with the rest of the market.

34:12 Um this is kind of like a vertical trade at the moment. So it it makes it difficult to position into you know is this going to be the high low today? No one really knows. But you got big resistance over here in form in the form of the previous support prior top over here. Um it's going to have to slice through this about 135 before you get some sizable continuation.

34:32 All right. How's Casper doing? Also nice move up over here. Decent move up. Tron, I mean, what was the strongest, it hasn't got back into position of strength yet. For this to get strong again, I'd want to see this trading above like 3435. All right, 3435. Guys, I know there are so many great um at least coins that you guys are dropping here and opportunities within trades.

34:58 We just can't get through all of them, unfortunately. There's so many. Remember, we looked at the long trade on I told you I wouldn't close the position. anything that throws back over here into like 46 cents. You may as well continue to hold this. Um, this could be the high low. You fulfilled this inefficiency candle based on today's candle that's dropped down into here.

35:16 You're seeing the bullish demand come in. If the market closes green for Tradfy, um, it should send this, right? So, no changes needed over there. Just basically continue to hold those um those positions. I think we've covered the majority of the positions. some of the ones that I I should make mention of. We also have smaller trades open on these um on the two bit account which I'll bring back into play from next month.

35:37 We'll we'll review those. Pretty much everything is up. Let me have a quick look. I can bring that into view now for you guys. Hold on. Let me just pull this across over here so you can see. Um there we go. Right. So all the trades up, the individual trades. We got Apple, Fcoin, McDonald's. You may as well go into um you know, for example, if I have any money left on this cuz I I may have maxed this account.

35:57 Uh Amazon. Okay, I'm already long on Amazon over here. Slight draw down, but I could take an individual trade on this as well. Uh let's have a look at at So Amazon is the only one that's down, but I believe that it should it should bounce. Um it should bounce over here. All right. Now, what I'll do is I'll just add I'll just add margin over here. I'll just increase the balance.

36:18 Um max increase. Let's see. U margin USDT. This will be the first time that I've done this on on this. So, let's put another $7,000 in. All right. Okay. So, that should add more into the position. I originally started this as a half-size trade because we thought Amazon could drop a little bit lower, but um I'm not bailing on the Amazon position. I think that this should do fine.

36:41 Everything else is up, right? Every single trade over here um is in profit. Okay. Anyway, back to the point I said, let's quickly cover some of the other ones. So, it's like, for example, Fartcoin and and um Popcat. Fartcoin is now thrown back into the golden pocket. This is the do or die situation. It must bounce here. You want to see that bounce. You want to see the continuation.

37:02 What you could do is if you want a true breakout trade, you'll have absolute confirmation. If this can clear that level, yellow line, which is yesterday's high, break above yesterday's high, and you can trigger the long with your stop wherever these lows occur um over the course of today, tomorrow, whenever that occurs. 197 right popcat thrown back towards the entry.

37:21 Very similar coming into the golden pocket. And again, um, absolute confirmation that this is probably going to start to break out. Take out yesterday's high 0.056. All right. So, those are the things that I'm looking at. Look, the comment says long fartcoin. Got it. It's up to you, right? I wouldn't necessarily go as far as just saying long fartcoin.

37:40 Um, it's about the trade setup. Just observe. If you're looking for opportunities, I'm here to try and help you find them. Um, you know, if if the rest of the market goes up, sure, maybe Fcoin does this and then you could be looking at a much larger move. We have targets up to about 41, which is giving you 125% move. All right, 125% move, which is good, right?

38:03 Where else you going to double your money. Of course, these come with equal size risk, but if you're in the early stages of a pump, you can monitor that risk accordingly. The big concern is really the trady stuff. The breakout of the DXY, the rising oil prices, Bloom Energy going towards the upside, 10 year, 30-year yields pumping. Um, you know, these are the problems.

38:25 These are the things that could create uh a lot of short-term volatility and potentially flush things. So, no one said it would be easy, right? Amazing. Guys, we've covered so much. I hope that's of value to I think the highest value thing you can do right now um for yourself is take the free opportunity variational right go and have a look at that trade that over there and I will see all of you guys on the next one. I hope all of you have a beautiful day wherever you are. See you guys tomorrow and cheers for now.