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Don’t Trust Bitcoin’s Uptober Yet! [WARNING] Transcript, AI Summary & Key Points

Crypto Banter · 2 hours ago · News & Politics · 35:12 · EN

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Answer

Uptober has historical support, but extreme bullish sentiment means caution is warranted because a significant correction could arrive before or around the midterm elections.

AI Summary

Bitcoin entered October at $83,475 amid extreme bullish sentiment. Historical data favors a strong October: four of five green Septembers since 2013 were followed by green Octobers, and October's average Bitcoin return is 16.76%, which would bring Bitcoin to approximately $100,000. Q3 produced a 42.71% Bitcoin return, the second-biggest Q3 on record, and strong Q3 performance usually carries into Q4. Positive signals include Bitcoin breaking above the 50-week moving average, improving RSI and fear-and-greed trends, an uptrending IGV software ETF, rising Bitcoin mempool transactions, global-liquidity catch-up, and an MVRV Z-score above its 365-day moving average. Extreme optimism is also a warning sign. A 20% to 25% Bitcoin correction could occur within the next several weeks, potentially causing 50% to 70% declines in altcoins. The Clarity Act, MSCI's potential removal of Micro Strategy, midterm elections, interest rates, yields, and liquidity could create short-term market pressure. The long-term outlook remains bullish, with Bitcoin potentially reaching $300,000 to $350,000 this cycle, but keeping cash available for a correction is central to the stated strategy.

Key Points

  • Bitcoin was priced at $83,475 on October 1.
  • Q3 produced a 42.71% Bitcoin return, the second-biggest Q3 return on record; only 19 of Bitcoin's 52 quarters had larger returns.
  • A strong Q3 has generally carried momentum into a strong Q4, including a 40.6% Q3 followed by a 500% Q4 in 2013 and an 80% Q3 followed by continued Q4 momentum in 2017.
  • Four of five green Septembers since 2013 were followed by green Octobers, and October's average Bitcoin return is 16.76%.
  • A 16% Bitcoin return from the current level would put Bitcoin near $100,000.
  • Bitcoin broke above the 50-week moving average, a bull-market indicator that has generally held until the end of the bull market.
  • Bitcoin's RSI and fear-and-greed indicators broke out of downtrends, while Bitcoin continued tracking the uptrending IGV software ETF.
  • Rising Bitcoin mempool transactions have generally coincided with subsequent market increases, and current mempool activity has risen sharply.

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00:00 Okay, we're in October and the Bitcoin price is 83,475 on the 1 day of October. And my timeline is bullish. Everyone's calling for October. October. October. So, Scott Melka is saying October. Uh, Natson is saying October. It's time to bring the green candles. Gemini says 471 minutes until October. Radium October. Co says, "Are you ready for October?"

00:23 October is here. Now, look, I'm bullish. I'm bullish. I'm bullish. But but I want to also look at the facts, right? Cuz I'm also realistic, right? Just because everyone's screaming for an October. In fact, because everyone's screaming for an October probably means that we should be a little bit cautious. So let's look at the data. What is for October and what is against October?

00:42 I think we can start off by looking at the previous quarter. What happened the previous quarter? Unbelievable quarter. Unbelievable. Unbelievable quarter. I, by the way, I agree. It is the best thumbnail on YouTube. Kudos to the the team who actually who actually made the thumbnail. So, what happened in Q3? Q3 was amazing. It was a 42.71% return on Bitcoin, which by the way is the second biggest quarter we've ever had.

01:07 Second biggest Q3 that we've ever had. So, if you look at at Q3, uh we had this one, which was 80.41, which was bigger, and then we had this one, which was the second the second biggest quarter. What we know though is that generally or usually when we have a good Q3, we we always have a good Q4. So have a look here in 2013, long time ago, 40.6% return in in Q3.

01:31 500% return in Q4. 2017 80% return in Q3. The momentum carried into Q4. Uh here again, good Q3 momentum carried into Q4. So generally when we get a good quarter 3, it does carry into into quarter 4. So I can say we've had we've got momentum on our side if anyone's counting. If you take all the quarters since Bitcoin was launched, so it would be 13 * 4 13 * 4 is uh 62, right?

02:00 So 13 * 4 13 * 4 is 52. 52 quarters. Um yeah, so if you if you if you look at that, I think only 19 quarters have ever beaten this quarter that we got. So Q3 was a good quarter. I think the reason why we had such a good quarter is because we got this breakout. We got this crazy breakout in Q3 which actually came before everyone expected. So everyone was kind of expecting Q uh uh Bitcoin to only break out in Q4 and to bottom in October.

02:26 And that's what the market does. That's why that's what worries me because if everyone's expecting green candles and I mean you know actually Scott Nelk is the last guy to to bull and I was looking at his posts a few minutes ago and like even here he is like bull posting oneliners. I've just find you this oneliner from him which is like very weird. Yeah.

02:44 much higher for much longer. I was like, whoa, everybody's extremely extremely extremely bullish. That's the strategy that I'm going to be playing into today, right? Because when everybody's extremely bullish, when everybody's expecting up only, we need to be a little bit more cautious. Of course, we are bullish. We are bullish, but we got to be a little bit more cautious.

03:02 So Q3 amazing. Generally, when we get a good Q3, Q4 becomes uh amazing as well. Uh that's what the data basically shows us. So four out four out of five October closed green after a green September. So we've had five green September since 2013 and four out of five October also closed green if you're counting the average return for October 16.76% on Bitcoin.

03:28 Now gez if we get a if we get a 16% if we get 16% on Bitcoin. I'm just I mean we're just we're just messing around here because we're not we don't actually think it's going to happen. If we get 16% on Bitcoin, which is the average, we go to $100,000. We're pretty much at $100,000. So, if the averages play out, then we go to $100,000 on on Bitcoin uh in in in in October.

03:52 Also, as I mentioned in October, well, in in the last quarter, we broke out of the 50we exponential uh 50we moving average. It's a key uh bull market indicator because generally when we break out of the 50week moving average which is this yellow line over here in the bull market once we break out above the 50we moving average we don't actually come below it for until usually until the end of the bull market.

04:16 So we did that in the last quarter which is good. It's good. It's good momentum for this quarter and you can see speaking about momentum that the Bitcoin momentum has changed completely. Right. The RSI which is the momentum indicator has broken out from the downtrend and that's a good omen that that gives us a good indication basically going forward.

04:35 Um the fear and greed which is another sentiment indicator has basically broken out of a downtrend. Again, if you look at when it broke out of the downtrend last time, so that's when it broke out of its downtrend last time. That was, you could say, the bottom of the last uh bare market and the beginning of a raging bull market. Pretty much the same thing happened here.

04:57 So again, this is a uh if you're looking for good news for October or for the next quarter, this is this is probably something that you want to talk about. The other thing is Bitcoin is still tracking the IGV. Now, for those of you who don't know what the IGV is, it's a software ETF. It's got companies like Microsoft, Oracle, etc. We're still tracking the IGV, and the IGV seems to be in an uptrend.

05:20 So, also another good omen for us in October. This is a measure that that I actually came across which I actually realized is it's it's a it's a relatively um reliable one of the more reliable um uh uh indicators. And this is meool transactions, right? When the Bitcoin me the Bitcoin mempool transactions are the number of transactions that basically go through the Bitcoin network.

05:44 Usually when that's in an uptick the market generally tends to follow. So if you see when the Bitcoin transactions go up the market tends to follow. So it happens almost every single time. And if you look at the mempool right now the meool now has basically shot up. So another good indicator that we actually are going to keep this momentum uh this momentum that we've been speaking about.

06:05 I'm not going to speak too much about global liquidity because we we're all here because global liquidity just goes up forever. For a long time, we disconnected from global liquidity, but it looks like we're now catching up and we got a big catch-up trade for for with glo global liquidity. The MVRV score, the MVRV Zcore holds above the 365day moving average.

06:25 When that happens, that's generally a theme or a pattern that basically says we're going to continue going up. So, a lot of things are basically telling us that we could continue going up um when it comes to to October. So, that's the the good part of things. Momentum's on our side. Sentiment is on our side. As I said, the fact that sentiment is on our side is for me the most worrying part.

06:47 I'll be honest, that for me is the is the uh the the most worrying part. Hopefully, no 1010. Uh someone said, remember uh in actually 9 days it's the anniversary of what was the biggest crypto capitulation ever. So, that's massive. Uh there's actually a cool protocol which launches on that day called paper trade which I'll talk to you about maybe at the end of the show.

07:07 Um so that's the good part of it. Now I want to talk about the the other side of it and I want to kind of debunk the other side of it to see whether there are actually any real fears when it comes to to um to to October and to the the rest of the quarter. The first thing is there is a small opportunity for the clarity act to come on the table, right?

07:30 So remember that it was voted it was voted against when it came to the Senate. But then one of the Republicans actually changed his vote and the reason why it changed his vote is so they could because if you voted on the on the losing side effectively you can then bring it back to the table. Right? So there is a chance the clarity act comes back. I've said to you before, I'm actually for the long term, I kind of want the Clarity Act.

07:55 I think every everybody wants the Clarity Act, but for the short term, I think if we can get one more crypto bull market without the regulation, without being stifled by the regulation, I think that's that that's probably best case scenario for us. But for the long term, you kind of want the regulation to happen. And there is a small window between October 5th and November 6th that maybe they can bring back the Clarity Act.

08:15 I don't think they're going to do it, but probably good to look out for in in the next quarter. Um, the other thing that we should probably look out for is this Micro Strategy versus MSCI. So, for those of you who don't know, MSCI is an indexing agency, right? And they create a lot of indices and people create funds that mirror those indices, right?

08:36 And what happens is they've threatened to remove Micro Strategy from the MSCI. So that happens sometime in in October. If I remember correctly, there is a I'm not sure if I've got the exact timeline, but I'd imagine that sometime in October here. So um uh new proposal is brought out. Feedback window closes on the 30th of September. So that closed yesterday.

08:56 By 14th of October, the MCI is going to publish the result and by November by November 11th, they're going to either remove Micro Strategy from the MSCI indices or not. Now, in the old days, I'd say this is a massive, massive, massive problem because if the M if Micro Strategy share crashes, Sailor is not going to be able to sell Micro Strategy shares to buy Bitcoin.

09:20 But today, I actually think that's a good thing. Who cares? I mean, honestly, who cares? He's Sailor's not really in the market anymore. As you can see, his STRC, which is his main buying instrument, still hasn't repegged to 100 even though he has already spent $1.2 2 billion, $1.3 billion actually buying back the stuff. Generally, what you can see is that he's not um uh uh he's not that relevant anymore.

09:46 So, I would say that even if the the uh MCI vote to keep Micro Strategy out of the indices, I don't think anything happens to Bitcoin. I think the MSTR share price might take a bit of a hit, but then it's going to repric again because people are pricing Micro Strategy at the value of its Bitcoin less the value of its obligation. So, for sure, by the way, um if you're new here, welcome to the show.

10:12 My name's Cryptoman Ran. Sorry, I've been so excited about October that I forgot to introduce myself. Um if you're not subscribed to the channel, great time to subscribe. If you are, just smash a like button. Also, let me know in the comments whether you think it's going to be an October or uh October. October. O, it's over. Let me know. Let me know in the comments.

10:34 All right, let's carry on. So, the Micro Strategy negative actually isn't really a negative. I'll be honest. It's just it's just it's just it's a nothing burger. In the old days or by or last year in 1010, that's probably what actually caused the collapse. But this year, the markets um insulated against that. Right. I see everyone's going October, October, October.

10:52 Is there anyone that's Is there anyone that's bearish? Is there anyone here? If you're bearish, come in. Come in. If you're bearish, come in over. Over. Okay. Um, let's talk about what else happens in in in in in in the next quarter or in in. So what we know is that after we break through the 50week moving average right which is the one we broke through which in my mind actually confirmed the bull market generally between 3 and 9 weeks after we break we have our first correction and that correction is usually a 22 23

11:29 24 25% correction. So that could come in October. So in October we could have the first correction in in in the market. We'll we'll talk about that in a sec. But generally once we break through the 50we moving average we generally don't go below it except for co where we tested it and here we tested it once but ultimately we don't go below the 50we moving average.

11:54 However 3 to n weeks after which would put us let's just quickly look at where that would be. So we broke where did we break the 50we moving average? I mean, I kind of remember it being here. So, three uh September 28th. So, that would put us sometime perhaps sometime in late October would get something like that. But generally, we go a lot higher first like we go 33% high here, 150% high here, 91% high here.

12:24 So, long way to go before we get that actual correction. Then we got the midterm elections, right? So, we have the midterm elections, but first we have a FOMC meeting. And the question is whether at that FOMC meeting we're actually going to get a rate hike or not get a rate hike. Uh, right now probabilities are that we shall not get a rate hike. That happens 3 days before the the midterms.

12:50 We have the FOMC. I think no rate hike, but I did think of no rate hike last time as well to be honest to be fair. Then we have the midterm elections and those midterm elections right now there's a 63% chance that the Democrats take the Senate and there is a 93% chance that the Democrats take the House which means that there's a big chance that the Democrats take the House and the Senate.

13:12 Okay, now here's the problem. If we get bad midterm elections and the Democrats take I I think fair to say the Democrats will take the House, the Senate or the House and the Senate. If I mean, you remember that Trump said that I mean I don't know if you remember this, but we call this bribery and corruption, but I mean it's worth listening to. And remember, if the Republicans win the House and Senate, I will issue what we will all call from now on the Trump dividend to every adult in America will get $5,000 and you'll

13:49 get it because we're taking in so much money. >> Maybe you'll get the $5,000 or maybe the Democrats will win the House, the Senate, or the House and the Senate. What he should have said is he should have said, "If we win the House and the Senate, everybody gets $5,000. If we lose the House and the Senate, everybody pays $5,000." That would have been a a much more interesting bet, a much more interesting deal.

14:10 Anyway, be that as it may, um, we have the midterm elections, chances are Democrats win the House or the Senate or the House and the Senate, and then we may have a little problem. And that little problem might be that they go and start trying to impeach Trump, right? So they win the House and the Senate and then they keep bringing to the floor votes to impeach Trump.

14:34 Trump's ready for this. I mean, he's been warning us about it. >> You got to win the midterms cuz if we don't win the midterms, it's just going to be I mean, they'll find a reason to impeach me. Uh I'll get impeached. We don't impeach them. You know why? Cuz they're meaner than we are. We should have impeached Joe Biden for a hundred different things.

14:57 They are mean and smart. >> Okay, so look, so when when if and when the Democrats win, if the Democrats win the House and the Senate, you can expect multiple attempts immediately to start impeaching Trump. Those headlines might actually move the markets a little bit, but ultimately I'll tell you that most impeachment impeachment attempts basically end in a dead end and and and they don't actually get impeached.

15:19 There is a 70% chance on poly market that Trump gets impeached before the end of his term just so you know. So let's let's keep an eye on that. Um cool then as we said rate hikes now hopefully we have no rate hikes uh in in October. We had good PCE data yesterday which shocked everyone but then we had a very strong GDP data which basically unwind the clock and brought the whole thing back.

15:42 Right now the market saying no rate hike in October, one rate cut in December, another one another rate cut in January, another one in April. So let's see uh where that actually goes. Now if there are rate hikes, the dollar continues to strengthen. If the dollar continues to strengthen, well, we know then that's not really good for for uh for the for the NASDAQ.

16:04 So generally when yields go up, and you can see here's a chart of of the 10-year yield versus the S&P. Generally in periods where yields go up, markets go down, right? Or or or have in the past. So watch out for yields because the last quarter was bad for yields. Now generally in an increasing interest rate environment, the Russell 2000 is the most sensitive to liquid to to to liquidity, right?

16:30 So um unlike the S&P, the Russell 2000 is much more sensitive to liquidity in the market. And so when you get increas increasing interest rate environment, what you'll see is the Russell 2000 tends to respond first and then just after the Russell 2000 starts to drop, then you get the m the main correction from the S SNP and then we carry on going down.

16:53 Now, if we got that correction from the S SNP, that would bring us to your very typical midterm uh uh midterm election years where you have the midterm elections and you have a correction just before uh or here just after the midterm elections, right? So, I think we are overdue and we are looking for a stock market correction. It could come as a result of the midterms.

17:17 The the the midterms may be the reason why we actually get that correction. Um and so that is another negative point for um another negative point for for o for for october. October that's a positive point for October. Right. So um we still have increasing rates. There is usually a stock market correction at the time. There are the midterm elections.

17:39 Trump may lose the midterm elections. Rates keep going up. We're waiting for the ISM, but I can tell you that I think the ISM is going to be expansionary. It's coming out in 15 minutes. If we're still here, we'll cover the ISM. the ISM basically live. Um, okay. So, with that in mind, what what is what is our position? What are we doing as it comes to October?

17:58 So, my thesis is that there's going to be a correction sometime soon. I'm very very very bullish longterm. But I also know that every bull market we get between four and six big corrections. In the previous cycles, those corrections have been 20 to 25% on Bitcoin. When you get a 20 to 25% move on Bitcoin, the old coins can go down 50, 60, 70%. The worst thing that can happen to you is that you get this correction and you don't have any money to buy dip.

18:27 That's the worst thing that can happen. Like, that is the worst thing that can possibly happen to you. So, what's my thesis? My thesis is I kind of bros, I'm on this train with you. October, October, October. I'm just not as bullish as everybody is. Yes, I think we're definitely going higher. I think Bitcoin's going to 300 350,000 this cycle, don't get me wrong, but I think we're going to get our first correction soon.

18:48 Whether it comes in October, whether it comes just before the midterms, just after the midterms, I don't know. All I know is that when it does come, I don't want to be the guy that's sitting there going, I don't have money to buy the dip. So, what am I doing now that the music is on? Now that the music is dancing, now now that that everything is going, hold on.

19:06 Who stole my port my portfolio here? My portfolio sheet. Let's actually get the portfolio with live prices. So, what am I actually doing? What am I actually doing? I'm holding my core positions, not really touching them. As I mentioned to you, I'm shaving a little bit off the top of the profits that I've made and I'm keeping it in cash. And then I'm quietly quietly quietly just making a little list here of all the little things that I want.

19:31 P. I want backpack. I want UniS swap. I want to get my hands on to Stonk. I want to get my hands on to Nia. Nia actually got exploited. near uh intense actually just got exploited just before the show and so the price is going down. So you know what we do when the price goes down. What do we do hottest? When the price goes down, we buy. >> Oh, but you see we missed the buy cuz it went down to 470.

19:54 That would have been the buy area. Now it's 497. Not such a good buy area anymore. I I saved the trade for you guys because I was I was going to trade it before you guys. You can see my chart was ready. I was ready to I was ready to press the button here on variational um blah blah blah. Okay, so let's again. So I'm I'm I'm quietly quietly quietly without anyone noticing.

20:16 I'm just making a list of all these FOMO things that I you know I missed grass. I got myself a little level here. I said, you know, if grass ever hits 50 cents again, I'll be the buyer. See, you got to do this in the You got to do this in the in in the in the in the in the bare market. You got to like have a plan and then if you got conviction, you just execute on your plan.

20:36 So I missed this grass, this grass entry over here. I looked at it. The lows were around, let's say the lows were like 18 cents, but actually the lows were like 30 cents. Like if you look at the the real lows and then you know I missed it. It g it's gone up to 66 cents. I kind of reckon 50 cents. So I've made myself a note. Said hold on a second. If grass gets to 50 cents, buy it.

20:57 Now am I going to chase the trade? No. You know why I'm not going to chase the trade? And I'll explain to you why I'm not going to tra chase a trade. We are blessed to be in crypto, right? The reason I say we're blessed to be in crypto is there is no there is no other industry in the entire world. Not stocks, not AI, no other industry in the entire world where there are so many opportunities.

21:17 Okay? You've never seen as many opportunities as this in your life. Like it's like a bus station. It's like the the central central London bus station. You miss one bus, you catch another bus. You miss one bus, you catch another bus. They're all going to amazing destinations, right? And so I'm never going to chase a trade in crypto. Why? I used to chase trades in crypto.

21:40 But then I realized, okay, so you missed I don't know, you missed backpack, but we caught 10 others along the way. We missed unis swap, we caught a drrome. Um, you know, so ultimately I make a list of all the ones that I want. I never chase them because there's plenty of fish in the sea, boys and girls. Plenty of plenty of opportunities. I make a list.

21:58 I sit here. I sit on my hands. I I am I'm totally patient and I just execute as per my strategy. My strategy says if grass gets under 50 cents, I'm buying. If ston gets under2, I'm buying. UniS swap is at $9. Too high for me. Um backpack under a dollar, I'm buying. Yes, I missed these. These are this is this like my regret list. But if they ever come back, then I'm going to be here and I'm going to be buying them, right?

22:22 So, um that is essentially what I'm doing. That is my my strategy. Uh and I'm sticking to it. That's basically what I'm doing. Um, yeah. So, I'm I'm bullish on October. I'm bullish I'm bullish for the end of the year, but I'm also bullish that we're going to get one correction. And when that correction comes, I want to have money cuz the the the worst worst worst thing is to to to wait for the ice cream truck and then, you know, to go you go to school, you come home, you wait for the ice cream truck all afternoon, the

22:52 ice cream truck arrives and you can't find money. That's the worst thing that happens, right? So have money ready when the ice cream truck comes. In your country, did they have the ice cream truck that used to play like music? It plays like this music. That's how you knew the ice cream truck was coming. Exactly. So you got to have money. You got to have money when the ice cream truck comes, boys and girls.

23:15 Otherwise, you don't buy no ice cream. Um, what else is happening? What else is happening? I'll tell you what else is happening. Here's a list of the people or some of the people that opened a account on variational with the code omniun. Okay, so you can see they're all over here. You see all these people open. I think this is like one one of the days.

23:37 Omni variational omni. Hold on. Someone someone's posting something here. What are you posting here? This shabbam. This better be important if you disturb me in my show. Oh, he says I called grass in the discord. You weren't paying attention. Thanks, bro. didn't help me. Your entry was 53. I'm looking for I was talking about an entry at 30, bro. Um, okay.

23:56 So, variational. I've been trading on variational. As you can see, it's a perpetuals exchange just like Hyperlquid. The only thing about variational is like look what the fee is here. Zero, no fees. You can trade here without any fees. So, literally I put in this trade yesterday. I bought lighter. Today, we can buy some on 10x. I only I'm only using 10x.

24:17 Going to buy some near. Not a lot because I think we missed the entry, but just for fun. For shits and giggles, we'll buy ourselves 5,000 here. And we will press buy. Okay. At I think it was a market buy. Yes. Okay. So, cool. That's it. That's how easy it is to trade on variational. Zero fees. You see, you pay zero fees. Now, if you use the the thing with variational is that there is an airdrop that's coming in Q4.

24:43 Now, we're not we are in Q4. It could come this month. that could come next month, which means that you can farm points now to get guaranteed guaranteed money. We think a billion dollars guaranteed uh in Q4. So, you need to sign up, use the the the link below, and use the name Omni Run. Okay, so let me show you what I mean. Um, Cryptobant. So, um, Omni Run >> Cryptobant.

25:17 So, you go to this link over here. You sign up. Uh, Johnny, Johnny, put in the variational quickly. Johnny, Johnny, Johnny, Johnny, Johnny, come in. Johnny, Johnny, come in. Uh, put in the variational thing. Now, I did say that one lucky subscriber who was with variational will win the ultimate trading machine, which is a new iPhone dual screen that's coming out.

25:39 I think it's iPhone 19 with a dual screen, right? There's actually a promotion that if you sign up using any banter link, you the the spinning wheel comes out tomorrow. You the spinning wheel will come out tomorrow and then you'll spin you'll be able to win an iPhone duo. But variational is different, right? If you sign up on variational using the the code omniun and you see I get a list of everyone that uses the word code omniun, then we will select winners.

26:03 In fact, we can do it right now actually. Let's just take this number over here. If this is your account, now pay attention. Read this account number over here. Okay. 05x E9 and it ends in B4C. You have just won yourself a brand new iPhone dual duo. Duo. iPhone duo. The ultimate trading machine. You've won yourself one of those, right? What you need to do, you need to email giveaways@cryptobanter.com.

26:33 we will make you send us a transaction from that wallet to confirm that it's actually you. And you have 24 hours you have 24 hours to um uh uh uh uh 24 hours to redeem a prize. So if you want to to win one of these iPhones, and I'm giving away 20 of them, sign up to any exchange. Um uh any any Johnny the whole iPhone promotion, bro. I don't I think Johnny's drunk, bro.

27:06 >> The whole iPhone promotion, bro. Where all the exchange links? Where are all the exchange links? Okay, you'll need to sign up with all the different exchange links. Uh and then we'll get a list and you'll get a list and you'll be able to spin the wheel. In the meantime, in in the meantime, if you are this wallet on variational, you've won yourself a uh a iPhone duo.

27:26 Um there's still there's still 20 of these up for grabs, so don't worry. you still there's still 20 of these up for grabs. Um I I really think that this is like free money. If you don't sign up, I'm not going to hassle you about it anymore. But if you don't sign up for variation and you don't start trading, it's free and you make points and you're going to get the airrop.

27:45 Remember that if you sign up if you trade swaps, you get more points than if you trade pips. Just so you know that. Um yeah, and this this congratulations to this wallet. Screenshot this wallet. Tell your friends, whoever it is, you've won yourself an iPhone Duo. just uh email giveaways@cryptobanter.com. You will have to send us a list. Has Johnny updated those descriptions to include variational and to include us a list.

28:10 Has Johnny updated those? >> Not yet. >> Not yet. I think Johnny's drunk. By the way, if you are in Europe and you're looking for an exchange, you can still get 8% deposit bonus on OKX and you can trade PES and it's legal and and and and and um how tight how tight are your swaps? You never ask a guy how tight his his swaps are, bro. Um, all right. What else is going on?

28:33 He says, "We updating clowns." Um, let's look at the bubbles. Not much going on. Uh, the ISM numbers are coming out in 4 minutes. Do you want to hang out for the next four minutes? Just say yes or no, or should we just put the phone down? The guy says you picked the winner by hand, not random. Did you not see how I just picked the number by hand? Yeah, it was by hand.

28:56 I've only got one hand cuz my other hand I got a broken collarbone. Someone says no risk management. How can you 10x? No risk management. You're right, bro. I should risk manage. Let's see if we can risk manage on variational. Hello. Risk management come in. My liquidation is 350 on near. I think I'm safe for now. I'm safe for now guys. I really am safe for now.

29:26 isn comes out in 3 minutes. Let's hang out for for 3 minutes. Those of you want to go have a beautiful day. Uh send love to your loved ones. Uh for those of you who want to stay with us and chill for the next 180 seconds, 180 seconds while we wait for the ISM numbers because remember Bitcoin's correlated to ISM. Usually the ISM tells you whether the economy is moving forwards or backwards.

29:50 The last ISM reading was 55.6. Holy no, no. 54.6. It was a It was a decline. Let's see what happens. It's coming out in 2 minutes. In 2 minutes. In the meantime, hopefully Johnny's done. He's what he's supposed to do. D he has >> recorded typing. Hopefully Johnny. Okay. See Johnny. Okay. So, here's all the links. You can sign up to any of these exchanges.

30:20 Sign up to any of these exchanges and you to from tomorrow you will be able to from tomorrow you'll be able to uh spin the wheel and win the phones in real time. In the meantime, I've given away a phone to 0x5E96 BC910 CD blah blah blah blah blah B4C. If that's your address, congratulations. You've won the ultimate trading machine. These are going to be amazing to play with.

30:44 Just think about it. Like put your Discord here. put your your exchange here. I mean, awesome. I can't wait to get one. Someone says, "In the meantime, promote the event in Singapore." Yes, if you are in in our Discord and you're coming to Singapore, then there's a banter party. You'll be invited. If you're not in our Discord, go and join our Discord.

31:02 If you want to look at old coins, everything's down bad. Everything's looking bad except Hyperlquid. Hyperlquid $90. Let's have a look here. Let's have a look here. Let's have a look here. Let's have a look here. Uh, who else is what else is moving here? What else is moving here? Backpack. You see, trying to get it, but now it's at 143. So, it needs to drop quite a bit for me to get my entry.

31:37 Grass dropping towards my entry point. Cards doing well. We wanted it to do well. Stunk. Remember my entry point is it's very getting close. It's getting close at two. That's my entry point into ston. It's my entry point into ston. Um, you didn't need to read the word promote, huh? Kinetic moving to the downside. Yes, because you guys were all too brave on the morning call this morning.

32:08 We called it right. We called it right. Where's your kinetic kinetic your kinetic move here? H one more minute. Okay, we got the ISM numbers. Yo, ISM numbers. Yo yo researchers, have the ISM numbers come out? You know, you know who would tell you if it came out? So, it's so obvious. Just go to 247 wire. 247 wire. These guys know. These guys always scrape the data first.

32:41 Hasn't come out yet. Okay. Has it come out? Hello. Okay. Hello. Hello. Okay. Uh 55.3. That's good. That means the economy is running. Means that the economy is running. Well, Bitcoin just got a little $200 kick. Just let let it like filter into the market. Let's see if what the algorithms do on this. How come we weren't the first? I don't understand h how was 247 Newswire not the first to report this 247 Newswe?

33:24 Okay, hold on. Let's we have to find out why they were not the first because they're usually the first to report everything. We have to phone. We have to phone the people at at 247 News Y and ask them why we were not even first. He's in Korea now. Some part he's probably drunk and he's he's watching the show and he can't be watching the show. It's late though.

33:53 It's like 12:00 at night there. There I am phoning him. Yo >> bro, I'm live in the show and I was going to show everybody the ISM numbers which got published today. So I went to my favorite newswire and I looked for ISM and I didn't find ISM. >> It doesn't move markets. >> It doesn't move markets, he says. Okay, wait. We'll we'll tell you live if it doesn't move markets.

34:21 >> You're right. You're right. It didn't move the markets. Didn't move the markets. All right. All right. Shout out. It's only it's only in news that moves markets that he that he does. All right, family. I'll see you tomorrow. Remember to sign up to the exchange accounts. Uh I think the most important one is variational free fees. Um what I'm already down 168 bucks on my near trade.

34:41 What? What is wrong? All right, we'll see you guys again tomorrow. I'm going to go and work out how I'm going to pay back this $168. I'll see you guys again tomorrow. Until then, trade well, my friends.