BITCOIN: BLOODBATH, OBLITERATION, GAME OVER!!!!!!? Transcript, AI Summary & Key Points

00:03 Oh yes. Oh yes. Oh yes. Oh yes. Guys, welcome to another episode. And as right now, Bitcoin is back towards 76. Yesterday was a crazy day. This day is going to go down in history. Science is down 16%. All of the other AI names are down between 10 and 30%. All within one day. The Wix has shot up to historic levels. We have not seen anything like this basically since COVID guys.

00:27 This is a very important historic event that happened yesterday. Basically a black swan. Okay, it's a black swan. When the wicks goes up like this, oh yo, 60 to 70% in a session. It's really happening once every few maybe five years, you know, once in every few five years or how say once in every half decade. Is that how you say it in English? Anyway, NASDAQ dropped 5.5%.

00:56 The biggest one day drop in 19 months. Okay, so what do we make out of all of this? Because Bitcoin also fell. Bitcoin was all the way here at um 80K yesterday and then boop, now it's 76, still within the bull trend. And if you look at the situation, there's a lot of fear, a lot of panic. But looking at the numbers, looking at what normally follows after such a drop, for example, in NASDAQ is the pump.

01:24 I mean, it it is what it is. You're looking at the the historic returns in 86% of uh probabil with 86% probability. 12 months after such a drop, you have nice plus 27% return in NASDAQ. In NASDAQ, as you can see, it's not guaranteed, but with highest likelihood. 6 months following such a drop you have with 73% probability plus 15%. And then the more shortterm the less probability but still above 50% here 67 plus 8%.

01:55 And above 53% basically 50/50 how it's going to be in a month that's more 50/50 basically that's more like a monkey randomly choosing is going to be bull or bear. But the longer time horizon the better it is for the bull for the bullish thesis. So that's that also looking at what's happening here with the wicks guys. Wix is another such metric which is very important for us to look at because when the wicks goes up like this in a single session or this basically never happens.

02:31 This basically never happens. We have a few times uh per decade this happening uh 70% surge sixth time ever ever ever ever ever ever ever ever in history. Uh and of course what is the um what is the effect? You had the China spillover in 2007 in a month uh stocks were up in three months stocks were up in 12 months even higher even higher even higher even higher.

02:57 And the conclusion is that this normally means that you have peak of panic. Peak of panic. When w goes up like this, it means peak pe big big pe big panic. Okay. So this vertical one day spikes are extremely rare across the prior five or six cases since 1990. The pattern is consistent. The pike itself is usually the climax of panic, not the start of a crash.

03:27 Once everyone has bought protection, the hedges eventually come off and that buying pressure lifts stock. So basically, as soon as there's a bit of a concern in the market, everyone starts hedging. That in itself means that you sell a bit. You start hedging. You're diversifying. You're buying some insurance for your positions. Once that settles, you have normally in most cases a fantastic ride for the future.

03:51 Of course, there are exceptions. If this is like the com, oh, it's going to not be good. If it is like, if it is like com and we have to monitor the S&P 500 carefully here because the S&P 500 is risking here the bare trend. So, if we look at the bearish side, this thing better come up today. It has just one day to come back up. Otherwise, we will have to be careful.

04:15 will have to derisk from S&P 500 also because there's no way S&P 500 is going to go to Valhalla without first being in a bull trend. So for us when this happens, what is this? It's uh it needs to go back into bullish Bitcoin though. So here for example, it would be better to be in Bitcoin than even SNP just based on the uh the risk profile where Bitcoin is in bull trend.

04:34 It's close to a 200WE moving average because whenever you have something go bare for example uh S&P the risk is that it comes to the 200WE moving average. So the downside in S&P here is quite big to the 200 moving average 21%. Uh so 200 week moving average is basically you know the long-term price that normally you don't even reach it in in many cases but if you reach it it's nice you know longterm support is a fair price.

04:59 Sometimes you go below below it for a few weeks you know you look historically the 200 moving average it's basically the bottom in most cases it is the bottom not in all cases. I mean sometimes we go lower like here in 2008 we went for a long time lower but we work with probabilities and based on probability here you normally have the the bottom. So S&P has a long fall to 200 week moving average if the bare thesis uh keeps playing out you're going to have a long fall.

05:26 So that's why being risk off S&P I in my opinion how I I'm playing the market just my personal opinion uh I think it makes sense to be riskoff if we go bare trend here. Uh basically we have one day the S&P has to pump today. Okay. Now looking at Bitcoin, Bitcoin is very different because Bitcoin we are at 200 week moving average more or less. I mean for us to go here it's just how much like 10% lower and we are at 200 moving average.

05:54 So 200 moving average for Bitcoin is the same is the long-term support normally acts as a bottom. Yes, sometimes we can go below it but you're never dumb buying at 200 moving average. It's it's it's not Okay. You can be if you buy some mega peak and it goes by trend and you don't act on it. That's But 200 bitco moving average in this core assets core assets like uh S&P NASDAQ gold bitco it's it's the best it's the best that's why risk reward for bitcoin it is so nice now because okay you have cash obviously you can

06:26 just hold cash you can hold money market fund you get 4% in the US good good I mean that's one option if you want to be riskoff but if you want to be in the market I mean what do you buy because S&P bure wherever you look it not looking too pretty except bitcoin except Bitcoin. So on the broad pallet of assets, Bitcoin is the shining the shining light.

06:49 At least that's how I see it. That's my bull bull perspective. And uh we're so close to a 200 weekly average, which makes it uh yeah, even more attractive in my view. But not financial advice. You do you, I do me. This is education. I'm just a guy on the internet speaking about charts and so on so forth. markets can go very very fast down. You can go to zero.

07:11 You can lose everything in the markets if you're trading. You have money at risk and that means it can go down maybe even to zero. So if you love that, smash up the like, subscribe. Big shout out to Guzman for time stamping us today. And all of you guys who are watching but are not in the newsletter, you are missing out because just as the craziness start to unfold, we did send out a newsletter after the market close.

07:37 uh very important because I stream in the morning my time then in the afternoon if you are if you don't have newsletter you're basically offline I mean you are you're working with one engine in instead of two you're a lame duck you're flying with one wing so get the second wing go to boom.com sign up for the newsletter uh and say thank you to Guzman in the comment section now looking at the ETF guys ETF outflow big fat outflow so no good news in the ETF looking at the uh historic performance performance after such a

08:08 drop. NASDAQ good uh wicks also normally means that this is peak peak peak panic. And isn't it crazy that all of these normie twitterers you remember just a few days ago we discussed that some guy tweeted, "Oh, I don't like crypto because I think AI is more exciting." You remember we just covered it the other day Jason Kalakanis was retweeting some guy that said, "Oh, I don't like crypto.

08:31 I think Bitcoin is boring. I think AI is is fun." something like that. They said this is the brain of the pleba, the brain of the normie where you know you you you think something is fun. It's so exciting. All your friends are in and this is what you're greeted with. Okay? Because why are all of your friends in? Because it's the freaking top. Everyone is in, man.

08:52 Everyone is in. Literally yesterday we were speaking about it that the the fact that your friends are in an asset does not mean that it's a good thing. Actually, it's kind of bad because let's be honest, what friends you have? Are they good at markets? Probably not. Is it just that you went grilling with your friend who cannot get a job anyway and at the grill at the barbecue party he recommended you to be an AI?

09:15 Is that I mean that's how it normally is. I mean if you are to be fair for most people that's how it normally is. So finally we have to understand that if there is good riskreward and no one is there and there are no buyers, no buyers, everyone has already sold is the best is the best and Bitcoin is fitting that very nicely. Once everyone is in, your friend is in, your grandma is in.

09:37 There's not too much. There's not too much. This one, exactly. This one, this guy, Matthew, Matt, I think this Matthew guy, he must have bought at the very peak. So, he said, "I sold all my Bitcoin. I bought AI because all of my friends are in AI and they're not enthusiastic about crypto." Guys, this was on 2nd of November. Yesterday, 5th 5th of November, we did see Armageddon in AI.

10:02 Okay? Just like as these guys are, you know, coming into AI, joining their friends in this great AI and get destroyed, literally destroyed. I mean, look at some of these AI stocks, guys. I don't think you maybe understand how bad it is. Uh because uh it's very bad. Whatever your shitcoin is doing, I mean AI maybe is doing worse because SanDisk is down 70%.

10:24 We're now on the logarithmic chart. This is the regular chart. Let me show you the destruction in in the regular chart. from top to down. Uh, these great investors, these great AI investors following their friends like this guy. I'm so excited about AI. Okay, welcome, welcome, Habibi, like you say in Michigan. Welcome, Habibi. This guy Dave Lee, big shout out.

10:49 He's probably good at investing in Tesla. But he also said on November 1st that uh, Bitcoin is not interesting. It used to be interesting kind of four or five years ago. Now it's boring. The things going on with AI are infinitely more interesting than Bitcoin. Yeah, this fantastic. It's fantastic. Fantastic. You're you're a genius. You are geniuses.

11:11 Look here. AI. Oh, so interesting. Minus 65%. All Intel. Intel. AI. So interesting. AI so so interesting. Minus 63%. It's the best most interesting industry I've ever seen, guys. Look here. MU Micron. The interest here is minus 50%. Okay. Uh here this one and you know you I guess you have to be careful with AI. It is what is minus 60%. Uh when something is bare trend most AI stuff is bare trend.

11:40 Uh AMD minus 38. So even if you have a bit of a dump of a pump here you see most of them are in bare trend. Look at Nvidia. Nvidia also you you saw the warning here with the going bear and now how much down 25%. So what do you make out of all of this? I think that crypto is bullish. I know many people don't agree. Many people want to be a doom doom doomer.

12:06 Doomer. Good for you guys. Good for you. If you want to be doomer, good for you. This is my view. This is my view. This is my view. I'm not doomer since this summer we're bullish. AI bloodbath normis for at the top because normie have no strategy. They not they see what their friends are doing. If you have if you you see normies think they have a strategy until the market punches them in the face.

12:27 Okay. So, when something is a bull trend, you're bullish. When something is bearish trend, you're bearish. We keep that strategy. Bitcoin is bullish close to 200 moving average. Uh and um I'm bullish crypto. I mean, it is what it is. We stay bullish crypto until the facts change. Uh and I mean for Bitcoin, it's very hard because you see for Bitcoin it's it's a conundrum.

12:49 Do you see like that? It's a conundrum because because you know that Bitcoin is good to buy if it is below or at 200 moving average. Even if we go bare trend, it's still good accumulation area. So, uh the only difference would be that uh you can remove leverage, you can be more risk off, but you know, even if we go bare trend bitcoin, you know, below 200 week moving average, man, it's going to be great anyway.

13:10 So, this what I mean you have both bull trend and closeness to to to 200 week moving average means that Bitcoin is like the best is the and currently it is the best. It is the best. But managed risk, use your own brain. You could lose all your money. Bitcoin could could go to zero. Not financial advice. Uh don't come here complaining about anything.

13:29 If you lost money because you listen to something, I don't care because you knew. Not financial advice. Only education and entertainment. Sometimes sometimes people say it's entertainment. Let me let me guys know. Entertainment. So stocks out there trading like shitcoins. Yes, indeed. Sandisk. Uh yeah, this is the kind of stuff, you know, the AI. So exciting.

13:50 So exciting. AI. I'm so excited. I'm going to let's go to AI guys. We I mean we in crypto we know this all too well. Isn't it crazy? Because you remember in January, what did we say about gold in January? The lea is going to get wrecked with gold and silver. Let me see if I can find this tweet. Ivan on tech silver uh parabola parabola. Let let me see if I can find it.

14:17 I I remember tweeting clearly that uh uh the the boomers are going to know learn something about parabola that we in crypto know all too well and then it went bare trend gold silver we were risk off in time AI it's the same because we in crypto we know so many things about parabas that the average player don't know so you see AI first time exact basically crypto crypto first So, uh, we keep, guys, we keep the strategy.

14:51 We keep, um, we keep the plan because we actually do have a plan. If you don't have plan, you go to bullmay.com, you sign up, suddenly I'm here with you in your pocket every day. Uh, so Justin Leopold, you remember the Leopold guy? I think his fund is now officially blown up. At least that's what people are saying online. It's blown up, blown up uh, everywhere.

15:10 Uh, so yeah, I this is the problem with leverage. Also the reason why everything is down so much is because Leopold and many other funds they use leverage for this AI gambling because the way they trade the AI stocks is gambling. So they have leverage they get margin call they need to sell. There is this weak spike that happened. That's like what happened e either this Liupold guy or someone else got blown up in their leverage fund.

15:35 That's why it's best to not use leverage. It's best to just trade spot. Build up your confidence. Don't don't go leverage because you can blow up and you can blow up your whole portfolio. You can go to zero. You can get margin call it means you go to zero. So what's happening in stocks right now is crystal clear. According to Kobesi, this is the product of record levels of leverage uh colliding with a sudden shift in market sentiment.

15:59 So what we're seeing now is readjustment. Whoever needed to get liquidated, go liquidate. uh there is hedging now being being uh bought and positioned into and u that that that's the reason for the volatility guys let's let's move on to the political side of things because as you know Democrats in power what's going to happen people are saying they're going to wreck all AI but in reality you already see now in Texas the Talico guy is now working with Elon Musk uh Gina Hon Josea was her name I don't know but She's also

16:33 now open to allow all of the a data centers to finish. So basically saying that if you already started you can finish and uh I mean you know how it normally is politician business they figure it out guys they figure it out and Democrat Republican it is two buns of the same of the same but it's the same guys it's the same Republican is the same is the same.

16:58 Uh did Trump requ make it so that you need voter ID? No, they they had all of the power for two years. They could have passed a law to to require voter ID everywhere. There are many these cases where you get the marketing. Oh, Trump, he's going to do this and this and this and the result uh we go to war. It's the same. It's the same. So, you have a but and there are two buns of the same but but Republican.

17:21 So, it's the same guys. It's the same. So, don't worry too much. You know, it's theatrics for the play. And uh yeah, you're going to see all of the AI dudes now go like this because they're going to adapt to their new to the new marketing. So it's this it's the uni party, but it's different marketing. So when Trump came into power, you remember how all the tech bros, they adapted their marketing also to be kind of like Trump.

17:42 Okay, now this was going to be now this you're going to see it in real time. These dudes, these dudes, they're going to be like this. EVs in a bomb. EV attitude 5 secrets. >> This why we have a mini attitude. Secret of the trench. Secret guys. >> This is why we need layoff. We need to lay off all the stuff. You you remember this kind of stuff. You know the HR I don't know what the hell they did this HR they need to be all get fired.

18:34 It's like uh I love all this tech layoffs is the best because you you remember this you know my day at Microsoft. my day at Microsoft. Let me see. You guys remember these videos? This these people did where they're like, "Yeah, I work at Microsoft. I drink coffee until like 100 p.m. Uh, let's see. Is it this one? Is this one?" I I I'm very happy when there's a tech layoff.

18:58 Not because I I'm not, you know, I'm not sensitive because I mean this, you know, these people, they they don't do too much. Oh, my day at Microsoft reach office 9:00 a.m. Okay. Grab coffee, breakfast, my going to get so much carbohydrates. You're not going to work. You're going to sleep. Okay. Where is your pro? There's no protein even. What is it?

19:14 Chicken masala. What is it? Nan bread. She's eating naan bread. Okay. Work. What you do? Work, man. What you do? What you do? You you Okay. You came here 30 minutes. You wasted already of the shareholder value. Shareholders pay you for what? To eat non bread and what? Pull out your headphone. Okay. Quick snack. Which snack? You just ate all of this carbohydrate.

19:38 Which snack? Which snack? Okay. Brainstorming. Brainstorming. What you brainstorm, man? It's waste of time. Focus work 12. OKAY. WHAT? ONE HOUR. WHAT YOU DO IN ONE HOUR, MAN? You cannot do if you've done any focus work, you know, in one hour. What you going to do in one hour? Lunch another carbohydrate more dessert 130. That's why I love tech layoff.

20:02 I love the tech firing head count cut is the best. These people, they need to they need to work. They need to understand their place in the food chain and they have to work a lot. Okay. Dessert post lunch chilling. Okay. Back to work. 2:15. Okay. Okay. Okay. Small break, ma'am. Which small break? Okay. Let's give it to her. She she worked here from 2:15 to to 4.

20:31 So, I don't blame the the the CEOs firing like 30% of their staff. Okay. And then small break. Okay. Okay. Snack. Another snack. Another snack. How much she's eating? Another snack. Wrapping up the work. She didn't do anything. See, she's coding by hand. Exactly. She's not needed. She's coding some React component. AI can code React component for her.

20:56 O log out. See, and then people are saying, "Oh, Ivan, you're in you're not sensitive. People lose their livelihood." Yeah, it is. I don't know what she's doing. She's not productive. Just like the guy in the past working with a plow. You had 10 guys plowing the field. Then one tractor, you don't need them. You don't need them. One tractor can now plow.

21:14 Is the same here. The same. We don't need We don't need this. We don't need this guys. By the way, um you I have a bit of a news because uh you know normally I don't go to conference because I I I just like being here in the studio. I like speaking to you guys. I like live streaming. We have a big audience. We have a big audience live streaming. uh conference all always know you have to go somewhere travel it's like a few guys there it's not the same reach as you know online but I have made an exception for my friend

21:47 Erhan Erhan is doing the lockdown in Dubai every year I think he's doing every year and so on January 26 I will be holding a keynote in his conference in Dubai so if you want to meet you, go to uh Blockdown Festival. Do it right now. Uh then figure out on their website how to buy tickets so you can so you can get access on the 26. We're going to be preaching.

22:17 We're going to be preaching a lot. We're going to be preaching a lot at Blockdown. If I mean, if you look at their uh venue, very nice. Very nice. Here I think I think it's enough for you to get this one 99 uh and uh uh let's see. Scrolling. Yeah, it's super cool. If you have not been, you should go. You should go. If you have been, you should also go because it's a bit special as uh I'm coming.

22:40 I don't go to conference normally. I like being here in the studio. I have coffee here. I speak here. I don't need jet lag or anything. I don't need to do anything. So that's why I normally don't do conference. So this is, you know, kind of like once in a lifetime opportunity potentially. potentially because uh this I mean I remember back in 2017 18 I did a lot of conference so yeah and then I realized hey I just like being at home I don't like travel too much you know all the time new conference so yeah it's like once

23:15 it's kind of like the weeks spiking you remember we said weeks spikes once every like five years it's kind of the same it's kind of the same so that's that uh go and check out block block down block down so that's that uh tech layoff very good uh more efficiency, more shareholder value. See, more shareholder value. We need Microsoft to to to not pay people to take snack.

23:37 And and to be fair, for their own health, it's also good that they don't take snack. Uh let's see Microsoft, you see, they fire 60 30% of their people. You see how the stock stock is very nice. This is so for if you hold Microsoft for you, it's very good. They fire 30% of the staff. Fantastic. Fantastic. Fantastic. Uh, no need to snack on our dime. Okay.

23:59 No need to snack. You can snack somewhere else. Don't don't snack on on work. On work, you work because AI, you know what? AI doesn't need snack. The if you use AI, Grogbot, he he has no snack. He's answering this fast. So good. Uh, Microsoft doing good. And by the way, you remember here we discussed that it's very smart to buy Microsoft at 200 moving average.

24:22 You guys remember that? Even when it was bare trend, we said, "Hey, it's 200 moving average. It's cheap. It's cheap. Very, very cheap. And you see boop up. Very nice. Cheap boop up. So, just coming back to discussion with Bitcoin at 200 moving average. It's good. It's good. Even if it goes to 200 Bing average, I'm telling you, even if it goes bare trend, it's still going to be smart to buy around 200 moving average.

24:44 Uh because we're so close to it. So, risk-reward for Bitcoin is the best. It's the best. So, yeah, Microsoft very nice. Fire 30%. Nice to the upside. Uh, Amazon I I think Amazon did the same. They also said, "Hey guys, you're leaving." Not not as u bold and actually in a bit of a bad chance. So, Microsoft is better choice here. What else? What else?

25:06 Uh, yeah, let's go through some news here. Uh, meet Kevin saying science is time to buy index levels hit uh below 30 RSI, 200 day moving average, all kinds of stuff. I actually agree. There's so much panic likely going to be nice. If you look uh one month, 6 months, 12 months ahead, likely going to be okay. And by the way, Bitcoin fell less than uh NASDAQ.

25:34 Interesting. So, a bit of a safe haven. I mean, we still fell, but a bit of a safe haven. The stock market erased three Elons in terms of net worth. Nvidia races all stock market gains this year. Yeah, bare trend. You got to be careful. And again, there's no right or left. There's only a 40 trillion plus national debt and no one has a solution. So, Bitcoin solution.

25:58 Bob Lucas saying we this is going to be the bottom still. Uh but he's saying let's see the weekly cycle is in decline. Boop boop. So, we're going to find some uh higher low. And Elizabeth Warren, we welcome Elizabeth Warren back to power. She's going to become chair of Senate Banking Committee, giving her major power. So, we look forward to working with Senator Warren.

26:26 Okay. It's going to be great. It's going to be great. Great. I look forward to listening to I actually missed Senator Warren. I I miss her a bit because you remember how many clips we had before in 2021, 2022, there was always something with Senator Warren, Elizabeth Warren, Pocahontas. We had always clips from her. Now, last two years, it was nothing.

26:44 It was nothing. So, we actually welcome her back. Let's let's regulate. Let's regulate ourselves. Let's see what's going to happen. And uh listen, business politician, they're going to figure itself. They're going to figure themselves out. Um oh, Michael Sailor, he bought Stretch back to $100. So, he pumped it up himself and now uh he can sell it again and buy Bitcoin.

27:09 So, he buys Bitcoin expensive from the money he gets from Stretch. Then he uh basically uh he has to sell. Let's see. Let's actually see what uh Ran wrote here. He had a uh he he had a nice summary. Basically buying Bitcoin expensive, selling cheap to buy back the uh stretch. Uh here here here you spend two billion buying back your own stock. You are the only buyer in the market.

27:38 You sold Stretch to buy Bitcoin. You you sold the same Bitcoin lower to buy backstretch. Yeah, but listen, it's bull market. It's bull market. So now it's back to 100. Now he actually can he bought stretch. So it's back to 100 and now he can sell it if it goes above 100 and buy Bitcoin. So it's interesting circularities but it's bull market. So I'm all for that.

27:58 In a bull market we're all for we don't over over analyze too much but sailor bought stretch so now he can sell it again. Yeah. Anyway, that's that guys. Let's go to Q&A questions, answers, debates. Big shout out. Big shout out to who? To what is this? To uh Guzman for timestamping us today. Uh and yeah, do you have questions or no questions? And while you are thinking about your great questions, you go to bullman.com and you sign up for a great free newsletter.

28:31 Very nice. Five 5'2 with an 5T five. Guys, you you better practice because Democrats are going to come to power. They took now the Congress. They're going to take a present next. So, you better practice. But 5'2 and an attitude, you you you can do it in front of the screen. You're going to need it. You're going to need it. Pronoun. Pronoun. He him. I actually see I announced my pronoun just when the Democrats took power.

29:08 I follow the regulation. We follow the regulation. We follow the We follow it. Exact. He see you. You got to be clear. What is your pronoun? Have you clarified that? We are all for following the regulation. Uh, how do you see issue in with banking in Paraguay? Will it come to other countries? Uh, potentially. I mean, potentially it's going to come. But the thing is it's I mean banking issues are normally a problem if you have cash.

30:06 So if you have your money invested in um stocks in ETFs um normally you don't care about banking issue because you are not part of the bankruptcy balance sheet. So for example, you remember what happened with the credit Swiss, they they collapsed, but everything was just moved to UBS and that's it. So I don't know how it is in Paraguay, but normally you So if you have a bank account, you need to ensure that you you don't just have a savings account where you get interest.

30:40 That's the interest. Then you're exposed to the bank. If you have a savings account with a bank and you get interest from the bank, you are exposed to their financial troubles. So in case they collapse, you're going to collapse with them. Instead, what you can do is that you can buy a money market fund because then you are the owner of the of those shares and they are not part of any bankruptcy.

31:01 So can it spread to other countries? I don't think so. I mean the parway is very small. It's it's not it's not going to spread anywhere. Most likely. Most likely. So and also there's now demand for tether growing. It's good for crypto, a good marketing for crypto because if you have tether, you have no problem. If you have u u yeah bank account deposit it's it's a problem uh but in parkway I don't know I don't know how the regulation is there but in the US in the U uh in the west normally if you have the share you have

31:41 the ETF you have the something in the market not just savings account with interest uh You don't care about what's happening to my pronouns are your majesty your highness. There you go. You got to respect. True. True. Okay. That's it. Thank you very much. See you all when? On Monday. On Monday. If something goes crazy during the weekend, of course, we're going to be updating you.

32:23 For now, we are uh keeping it exactly exactly exactly uh uh as it is. Uh we are bullish. Bitcoin is bull trend. Uh we're bullish whatever is bull trend. Uh and S&P for example, uh a bit of problematic here. A bit problematic here. Uh this thing needs to close. If you look at the futures, futures are able to close here. So all in all we are bullish in bull trend bearish bare trend. Bitcoin is the best riskreward and see you all Monday. Have a good day and goodbye. Smash the like. See you all very very soon. Five.