BITCOIN: BOTTOM IN!!!? Transcript, AI Summary & Key Points

00:00 is ready. We are going live. We are clicking the button as soon as possible. >> Oh yes. Oh yes. Yes. Yes. Guys, welcome to another episode. And as right now, Bitcoin is still at 74. We are creating a sort of bottom here. And of course, people are asking when is the bottom? Is this the bottom? Are we going to go lower? What's next for Bitcoin? And that's of course a critical question because you have now the stock market rebounding in a nice way.

00:24 Looking at what the S&P did yesterday, you see fantastic fantastic recovery. It's still in bare trend. So, we have to be risk off until the bull trend reverses. But of course, the signs that the stock market is not just collapsing all the way down to 200 week moving average is good for crypto, is good for Bitcoin. Let's check NASDAQ. NASDAQ also did a bit of a pump.

00:47 Still below the flip level here. NASDAQ is looking quite weak, but a bit of green. And all in all, when you look at how big the move was in the stock market, it's basically the biggest since April. So despite the Nvidia Chinese spy scandal, uh the stock market gained quite a lot. So S&P gained 2.3% for its biggest one day gain since April and NASDAQ rose 3% adding roughly 1.5 trillion of market cap as oil and yields fell on Iran deescalation headlines.

01:22 So when you look at oil, when you look at what's happening with Iran just a week ago, yeah, the big big big headlines Stucker Carlson was saying it's going to go nuclear and today the situation is quite different where WTI is falling. Brent is falling. We now have Brent going into bad trend. I mean Brent is falling super fast. You see right here, super super fast.

01:45 So something is definitely happening there, guys. behind closed doors. Something is definitely happening with Iran, with Hormuz. Of course, some kind of agreement there would be fantastic for the market, for for everything. So, what we're seeing here is a bit of foreshadowing. It's a bit of foreshadowing and uh yeah, would be very very nice if we can move on without all of this horm back and forth.

02:11 This whole year has had this overhang of uh of Iran always something uh at some point it's going to stop. Let's see when oil is saying that potentially soon. Potentially soon of course that's good for the stock market and crypto is likely to bottom out somewhere here within the uh bull trend and also here you have the 200 moving average which is the ultimate ultimate ultimate longterm cheap price you can say bottoming price uh for Bitcoin.

02:41 So Bitcoin in comparison to other assets just like we discussed yesterday has quite a good riskreward because even if it goes lower you have 200 moving average here and 200 moving average it's a fantastic long-term cheap price. You see for example Microsoft a great example where it went to the 200 week and then bounced from here. You remember we were discussing that Microsoft at 200 B moving average like a gift like a gift like a gift and then boop straight up straight up and this was just you know in August it was

03:11 here in in the beginning of August that it started to recover from the 200 moving average if long-term support for Microsoft and of course for Bitcoin is the same so all in all guys we remain bullish we remain bullish crypto we remain bullish Bitcoin you have to be careful with bare trends in all coins that's very important I mean all coins are super volatile Well, but Bitcoin in particular just like we said yesterday 100K is loading somewhere here somewhere here is the bottom exactly where I mean let's see at the end

03:43 of the day we are in bull trend we're close to a 200 week moving average so riskreward is very nice for Bitcoin now can we go up and down here a bit I mean bears love this fall uh even though most bears have been bearish since uh since here we said below 200 moving average is good time to start accumulating so The same people that were bearish at 57 are now taking victory laps because we fell to 74.

04:05 You understand? It's a short circuit. It's short circuit in the brain. Um in my mind to be uh bullish in a bull market is important to be bearish in a bare market is important. And we had the year of the bear. But let's see guys somewhere here I think is going to be the bottom as always. Not financial advice. Education only. Education only. You can lose everything in the market.

04:31 you can lose part or all of your capital. Very very key that you pause the video, you read the disclaimer fully and you understand that this is for education and entertainment. Some people sometimes also say, "Hey, Ivan, it's a bit of entertainment." Okay, welcome everyone who is watching live. If you're watching the recording, welcome to you as well.

04:50 Smash up the like. Confirm that you have smashed up the like. Um, subscribe to the channel and say thank you. Say thank you to Guzman for time stamping us today. As always, go to bullmania.com if you haven't yet for our newsletter. So, you go here, bullman.com, completely free newsletter about the market. Very, very important. We have thousands of people getting updated every every day.

05:12 And normally I stream in the morning and then newsletter in the in the afternoon. So, that's that guys. If we look at the calendar, um today is going to be quite an important day because we do have CPI coming today. So going to be very very key to watch that because if that's under control good stocks can keep running. Headline uh 0.3% month over month previous was plus 0.6%.

05:40 Prior year over year at near 3.7. So as long as it's lower than that fantastic fantastic and inflation by the way is coming down. Inflation now is starting to uh come down u I mean partially because of AI probably. I mean let's see what's going to happen here. But there are signs that inflation is going to come down and uh people are saying that AI should be deflationary.

06:02 I mean theoretically it should be like that. Let's see if it's seen in the economics because up until right now it has hasn't really been seen that you have deflation because of AI. But if you think about it AI should give you more goods and services for less for less. When you have more goods and services for less it's deflationary. Okay deflationary.

06:23 Let me just ask you. Booming AI is AI already now contributing to deflation. Let me check how are let's check what it says. Up until right now we haven't really seen clear data on this. Uh but likely there's something there's something now guys with Nvidia. You have Jensen Hang and the spy scandal uh really hurting Nvidia in a big way. 6.5% erased. It's a big amount for Nvidia.

06:52 6.5% is big amounts. Huang admitted an affair. We had a whole stream about it yesterday. So go uh go uh go back and rewatch yesterday if you haven't yet. This is very very important because uh for Nvidia if they keep falling if there is more investigations it's not going to be good. At the same time you see despite all of this the market is doing okay.

07:13 despite all this in the market but if invidia keeps falling and it is one of the key pillars in the in the market likely there's going to be some contagion uh for now the contagion is not happening instead Nvidia is falling stock market is recovering but imagine if Nvidia also recovered okay that's the that's the flip side if you look at the flip side if Nvidia also had a good day yesterday holy crap so Nvidia is dragging us down despite all of that you have nice performance in S&P and NASDAQ nonetheless although bare

07:45 trends so we have to be riskoff um now looking at the calendar you have um uh today uh octo uh it wasn't October it was kind of downtober but October October CPI release is coming out you have core this one is going to be key corwe is one of these companies that has collapsed so much uh one of this AI new clouds uh which many people are speculating thing could go bankrupt, could pop the AI bubble.

08:15 This is what happens if you don't have mechanical rules and you just hodddle some, you know, AI thing down 73%. Core whip. Um the flip side is that the dump already happened. I mean this thing already collapsed 73%. So how much more can it fall? But as you know in markets something that's down 74 can 75% can still go down another 90%. Okay. So all in all earnings are coming out and uh for the AI space as a whole this is quite an important company even though it has collapsed a lot because it really shows the the beat

08:51 the pulse the pulse of the AI AI industry how how is the revenue how are the deliveries next you will have anthropic uh going live with their IPO marketing okay so this is going to be already probably today or tomorrow there's no exact date but um as early as Tuesday today there will be news about anthropic IPO and u and and they formally going ahead with the IPO they have to be quick they have to be quick because if the appetite for uh for AI disappears and there is a bit of concerns I mean you see how many of the A

09:30 stocks have been wrecked completely it's going to be hard for them so they are a bit in a hurry to get the IPO get live as soon as soon as soon as possible uh that's Now in terms of crypto, let's check some of the uh news. The most important biggest news is Avalanche, of course, because Avalanche did have the deal with uh New York Stock Exchange that the tokenized stocks are coming and they're going to be on Avalanche.

09:56 I mean, unfortunately for Avalanche, this pump is so small just in comparison to everything else that has happened here during the last weeks. Like this pump in September was way bigger was way bigger. So when you have such a big news and the pump is so small is bullish from a fundamental perspective. I mean it's of course amazing that Avalanche will provide the core ledger technology for the clearing firm on New York Stock Exchange affiliated tokenized securities.

10:23 So basically New York is going to be using Avalanche. Okay. So it's good that fundamentally it's happening but at the same time it's like the biggest news ever for Avalanche. Like what could beat it? That that's the that's the that's that's the bare side where okay this happened how the hell you gonna beat it because even this thing just had this pump and it's already reverse a bit so fundamentally very good I love Avalanche team the fact that they have been delivering this and not only jumping from narrative to

10:52 narrative they they're very good at jumping from narrative to narrative you remember Avalanche was supposed to be like a gaming chain you remember that uh last bull market was kind of a gaming chain they they went all in saying that they are gaming. They were games on Avalanche. They were in the gaming category. So they're they're jumping category to category.

11:10 But the good thing is when they jump, they seem to be able to execute because yes, there were games on Avalanche. Many of the big launches were on Avalanche subnet. Now the next narrative is tokenization and they're jumping from narrative to narrative. Now they are in tokenization and what the hell they have a New York Stock Exchange using them. So, the team seems to be quite honed in on getting the deals.

11:34 Okay. So, uh yeah, hopefully they can translate that into the price pump. For now, though, not really. Not really. And it is the new B trend. Even though it has a bit of a pump, we still have to be careful. I mean, it is what it is. Sometimes you have bad trend, it pumps a bit, then collapses down. Happens all the time. And if they really, really, really going to go to alltime high, okay, at 11.5 is going to be bull trend.

11:55 We're not going to miss it. Very important. So big shout out to Avalanche team. The price though not really following and we need the price. We need we need we need the price as soon as possible and it's not happening for now. It's not happening. But just like we've been saying for a long time and also like we said like Tio said in our private live stream yesterday, it is the dumpiest before the pumpiest.

12:15 Okay. It's such a despair on the timeline. Uh I mean that that's the thing with doing the streams being in crypto. really get a nice pulse of the average crypto trader emotion. You know, the average emotion. It's interesting. It's like, you know, mental hospital. It's uh being here some like what what am I doing here every like it's like babysitting uh mentally unstable dudes, which is all of us, okay?

12:48 In the market, it's all of us. Especially if you don't know mechanical rules, you know, it's like such emotion, such emotion. Um, but thing is the fear is so big now. Everyone expects uh coming down that it's going to go lower that uh I mean the only thing that that's on my mind is that uh likely there's going to be some kind of bottom here. Okay, Bitcoin gets his first 15% dump in the new bull market.

13:13 People calling for new lows already. The bears, people that were bearish at 57 are now taking victory laps because we dumped to 74. Amazing. Amazing. Amazing. So, the way I see it is that it's a bit of dumb money shake out because as soon as you have a bit of volatility, man, the player is afraid this and that. You now you should act on bare flips. So, in all coins, we're very consistent.

13:38 In case something goes bearish, we risk off like you saw avalanche now for example. Uh at the same time, Bitcoin is not in that category at all now. At all. So that's that. Next, uh let's see here. Our beloved our beloved oracle, our beloved, uh Baba Vanga, Nostradamos, Tom Lee yet again saying the bottom has been hit. Let's listen. >> Um I think there were two encouraging data points today.

14:11 Um the first is we had a a flurry of bad news over the weekend. One involving Nvidia and and some about Texas going after Elon Musk companies and yet the markets are at those stocks are rallying today. I think that's a good sign that markets are rallying on bad news. But the second is the VIX uh the VIX term structure which is the four-month VIX versus the one-mon that inverted last week.

14:34 It's now normalized today. That's usually a sign of a bottom. So I I think that this is more proof that last week was the low. Um I think there is >> there you go. There you go. As you know in bull market we love Tom. In the bare market we're very critical of Tomi. I was very critical of Tom in the bare market. But in the bull market we love him. The same thing by the way is with sailor.

14:53 We love sailor in the bull market. In the bare market we are very critical towards his ponzomic structure with stretch. But hey listen it's bull market now. And guess what? He just bought 1,000 Bitcoin and repurchased 188 million of Stretch. It would be better if he just bought more Bitcoin with it, but he needs to pump Stretch. So maybe it is above $100 and then he can sell it to buy Bitcoin.

15:17 So he needs to buy it so he then can sell it. Amazing. Amazing. Listen, in bull market don't over complicate. In bare market we can analyze it. In bull market we don't over complicate. He he is buying Bitcoin and he's buying Stretch so he can then sell Stretch and buy Bitcoin. Okay, I mean that's it. That's it. Let's not not over complicate it. He's bullish.

15:40 He's buying. President Trump just compared crypto to oil suggesting it could become one of the world's most important assets. True, true, true. We've heard that before. I mean, he better do that reserve or or Yeah. He otherwise the term is out soon. You know, it's 2027, 2028 he's gone. So do the reserve, man. Do the reserve. Stop talking. Do the reserve.

16:03 Peter shifts, I sell Bitcoin as always. Fantastic. Fantastic. US stock market adds 1.5 trillion in a massive rally. We love that. Next, S&P 500 futures erase all losses and turn green as investors buy the dip. So, this was already shown here um that it engulfed the day. The day here uh if we look u actually didn't engulf the day. Didn't engulf the day.

16:26 It's still it's still below the the last week, but uh I mean so far so good. Yeah, you gotta take what you have. So far so good. Bare trend. So we're riskoff. We have to be careful. Bare trend already since um uh here uh end of uh end of um October. So yeah, we got to be careful. It is what it is. But yeah, good, good, good, good. If it's green, it's still good because you need green.

16:52 So stock market goes into new bull trend which will make it easier for crypto to pump as well. Some bad news is ETF guys. ETF let us hand let us let us let us let us hang. Let us hand is basically the sentiment. The ETF is the sentiment. It's it's following the sentiment quite exact. So we have another 200 million million outflow. Yeah. Exactly. Look at NASDAQ.

17:15 This NASDAQ that's what I said. We read tweet about NASDAQ and this is Nasdaq. Someone saying that it's not S&P. We read the tweet about NASDAQ and this is NASDAQ. Guys, when you correct me, I understand. I probably know a bit more. Big shout out. Big shout. But some people like, "Oh no, Ivan, you do this wrong, man. What do you mean? What do you mean?"

17:36 There is more likelihood that you do things wrong. Just But but thank you very much. I mean, I appreciate the feedback. I appreciate the feedback. But it happens sometimes. Hey, bro. Do this. Do this. Okay. Who are you? Who are you? What is this? Should I hire you as a you know I was just looking for an unqualified person to give me backseat driving.

17:54 So you're hired. When can you start? It's like this tweet someone some company did the other day that became f famous. Some pleb was giving a company marketing advice and they were like yeah we were just looking for an unqualified random dude to take over as CMO. When can you start? Let's say it with you bro. I was just looking for someone unqualified to give me advice in real time as I do the live stream.

18:19 Fantastic. Fantastic. Big big shout out to who is the guy? Stoanov. Okay, big shout out. Look here. California. There is some brains in California still working. They reject a wealth tax that would have targeted the assets of resident worth over 1 billion. Okay. So, I mean some brain is there. But the problem is they reject the tax, but at the same time it doesn't really matter because they speak so much about wealth tax that everyone moved already.

18:47 Everyone is in Texas now. Okay. So that's the problem with politician when they run their mouth speaking about the wealth tax. They don't they don't they don't even have to do wealth tax for everyone to just leave. Okay. I I saw the same in Sweden by the way. Uh they start to speak about exit tax. Uh many people just left. They they didn't do exit tax.

19:07 But I remember like in 2020 or something like that they were saying exit tax as soon as it was in the news people. Bye bye. That's it. The same is is here. They're like, "We're going to do wealth tax for billionaires." Okay, if you're a billionaire, you have a bit of a brain. You move already. You move already. You move. Now, everyone moves. That's it.

19:29 That's it. That's it. That's it. Uh, and yeah, they're going to reject now the wealth tax manager. But, yeah, many people moved already. Elon moved already. Um, most people in tech, they move already. Did Zuckerberg? Oh, yeah. But Zuckerberg is also in Florida, right? Zuckerberg also moved. Uh or did he I know that he was considering moving so he probably moved also.

19:48 The Zach even Zach moved. There you go. Uh Invidia is investigating CEO. Exactly. Uh and Trump is saying that US strikes on Iran are unlikely. That's why the oil is dropping. What he's saying, guys, it can go either way. I mean, he's saying a lot of things. He's saying that he he's the best at talking. It's the problem with Trump. He's so good at talking.

20:10 He's like uh you know Eastern Europe babushka sitting sitting outside the house eating the sunflower just running the mouth speaking so much speaking so much so much okay either you do reserve Bitcoin reserve or you don't how much you going to speak about it man do the reserve stop saying that crypto is important everyone knows man everyone knows that crypto is important just do the freaking reserve do the reserve okay now he's saying strikes are unlikely Okay.

20:41 Do peace. Do peace. Unlikely. Likely. It's a big fat pump and dump every day. Okay. Big fat pump and dump. So it can it can keep going for quite some time. That's the know the bearish side that for them to end the war, it's not good because then they lose the pump and dump mechanism. If they go nuclear, it's also not good because then they also lose the pump and dump mechanism.

21:05 If you have any resolution either to more escalation or deescalation, they lose the pump and dump mechanism. And who in their right mind would lose and give up voluntarily the pump and dump mechanism. So from that perspective hoping for peace, hoping for some the bears they hope for uh escalation in their interest is best to not do too much. Okay, just keep it like it is.

21:31 Today bullish, tomorrow bearish. Today escalation Tucker Carson rises gonna be nuclear. Tomorrow deescalation escalation deescalation. Okay, it's the best. Okay, moving on. Um, let's see. There's a bit of Ansom drama still. What is this? IA Anom never interacted with a single Robin Hood coin for weeks. He was completely sidelined during the first wave.

21:51 Then one day he suddenly interacted with the cash cut launchpad for weeks. I wonder if he just tried to vamp pawns to benefit to the benefit of P. Basically vampire attack pawns which is the launchpad. You see with Robin Hood guys like no one cares. You remember Robin Hood everyone cared for like a week. Now no one cares. So you got to be fast. You got to be fast.

22:14 I have sometimes I see, you know, we discussed some meme coin. It was it already moved on like the world moved on and some someone is saying, "Hey, Ivan, what do you think about the memecoin? Are you still bullish?" Like, man, what what do you mean it's dead? So the best is to just not touch memecoins. They move so fast. I mean, that's the problem for most people.

22:32 It's best to not not touch memecoin, you know. And if you touch memecoin, you have to be really careful with risk management. You know, sometimes there's there's something some news about some memecoin and six months later. You know, the memecoin is dead. Everything is like the the whole chain is dead. Sounds like, "Hey, Ivan, what about uh what about the memecoin?"

22:52 I I see it in the Q&A sometimes. Some dude is like, "Hey, Ivan, what what do you think about this coin still? Are you still bullish?" Like, man, it was this coin, you know, when it was it was in 2020. It was in 2020 and now that coin and the chain is on and everything is non-existent. I'm sorry to inform you. Okay. So with all guys be very careful. Have risk management pawns here and everything on that Robin Hood chain is a good example of that.

23:20 If you if you are a normal person above 30 meme coins are really not for you. Okay. Uh I want to be very clear with that. It's it's not for you. You don't have time. You don't have time. You're not terminally online. I'm the same. I I'm not touching memecoin. We can buy the cao. We can trade the cazasino. You know, you buy the the pump coin. You set stop loss.

23:45 That's it. That's it. But to actually be there trading the new thing. Oh, let me see if I can find this meme. When you are in pan and you're above 30 and this like this old dog trying to dig trying to dig. Have you guys seen that? When you're when you're in pan and you're above 30 I cannot find pan above 30. Can I Oh, I cannot find it. Anyway, let's see if I can find the meme.

24:22 Dog old dog digging meme. Oh, yeah. Yeah. Yeah. Yeah. Here it is. Here it is. Here it is. This is this this is you, you know, pump trying to be in pan and you're above 30. He he may be old, but he loves to dig a hole on the beach. Man, dogs are amazing. See, the the the worst thing with dogs is that they they pass away at some point. But anyway, that's you guys.

25:00 So, what we're saying, we're saying something about the Ansom. So, then I realized he's friends with the deb. So, this she or them or he, I don't know the pronoun could be anything here, but he's saying she's saying that Anam did not care about Robin Hood, then he cared. Basically saying that there's some insider stuff. Anam is coming out saying, "Brother, what are you talking about?

25:23 Yes, I know Spiner. I know a lot of devs in crypto and I'm supported the project. Same with super basically saying I did not pump and dump anything. Okay. Oh guys by the way I also I I very clearly remember Ansom the last few days also pumping this Elusium. You guys remember some some of you also asked me about Elusium. You know Anom. Let me see if there's some drama with Elusium because it's one of these things where the hyperlquid team is not following Elusium.

25:50 Elusium is supposed to be some L2 on Hyperlquid and the only dudes that follow Elusium is uh or you know I mean I I know that they they they go from coin to coin when I see you know following who is following Elusium and I see a list of the dudes I'm like m why why all of you guys follow it and not the hyperlquid team okay I'm like m what's HAPPENING HERE WHY ALL of you guys are here and the hyperlquid team is not here.

26:24 Okay, some you guys were asking here the other day about what what I think about elusive. I just quickly checked you know hyperlquid team was not following it. It looked a bit uh weird. I mean that that they don't follow it if it's supposed to be on L2 and again we don't even like L2s. Maybe in the bull market it's going to pump anyway. I mean let's see but something has happened here.

26:44 So one of Elusium stupidest things is paying Anom. You know how it's very interesting. Elusium came out of nowhere. Anom is speaking about it. I get some question here in the chat. Hey, what you think about Elusium? You probably guys in the chat probably have um have seen it on Twitter from from Anom. Okay. When does Elusium launch? I think Elusium could be an interesting development.

27:13 Okay. I've been following pretty closely ahead. How you been following it? How you been following? I like the direction of kinetic is taken with illusion. Why? Why? And now let's see. So he removed all of this or no maybe he didn't remove. See interesting development. Ah, here it is. When losing when when losing guys nothing would surprise me with this answer thing.

27:48 Nothing would surprise me. Nothing would surprise me. Uh but you see in a bull market we're going to be bullish anything. If there is nice chart even if there are shillers around it is bull market. In bull market everything is uh is shield in one way or another. Okay. So, don't over complicate. Once the old season hits, LFG, LFG, all these concerns are off the table.

28:17 Once the Once the old season hits, we're not there yet, guys. Let's go to Q&A, questions, answer, debate. Uh, let's discuss. Big shout as always to everyone watching the live and recording. Big shout out to Guzman for time stamping us. Fantastic. And u uh go to booming.com, sign up for the free free newsletter. Also there if you miss a stream we email you in the newsletter the link to the stream.

28:43 It's also very important in case YouTube is censoring us. The newsletter is uncensored. Okay guys let's go. Questions, answers, debates. Let's go. Elusium used to be a gaming chain. No, no, no. It's not it's not that one. Exactly. You you were speaking about it's Elusium. It's another one of the names, you know, tech tech geek, you know, elusium. Elus reading reading too much science fiction.

29:17 You're reading too much science fiction. Playing too much computer game. Let's do Elusium. It's going to be L2. Okay, we all have an expiry date. That's true. That's true. Best rails to launch your coin on. It depends on what, but the easiest thing is uh Saul. Most people on Saul. The easiest access for everyone is Saul. Then depending on the use case, if you have um uh some kind of community thing, pamp I mean listen, pamp gets a lot of uh neg negativity for the casino, but to launch a coin, it's not bad.

30:01 Like to just launch a coin there, you know, you can have a legit coin on pump also where you distribute to community, the community can buy an early. The problem is that it's mainly used for for pump and dump, but you could theoretically launch a legit coin with it also. Uh and uh yeah, they have create rewards. There are all kinds of things there actually for legit launches.

30:23 Um so yeah, it depends on where you are, but in terms of chain, you want to be in a chain where most people are and that's all and most people can get access. No L2, no nothing. So yeah. Oh, what is this? Can we have an update on when to expect Grock 4.8 Elon Musk? So, Grock has stalled out a bit, right? Not too many updates. We have dumped Jax SG lang and rewritten the entire RL and inference stack from scratch in C++ which took some extra time.

30:57 Training is done. Lot of cleanup. Okay. Okay. Okay. Something's happening. He did also fix Grogbot. So guys, if you're using Grogbot now, they re they reset the users. They not the use the usage. The usage is there a heat map of Bitcoin longs and shorts to show might be interesting to where the current liquidations levels are. Yeah, let's check. By the way, I don't worry about too much this, you know, liquidation this and that.

31:42 It's I don't actually know too many people that uh that um can trade based on it's interesting to I mean it's interesting to see uh the plea likes it. Oh, there's a bit of liquidation here and there but um is it even real time? It's not even real time this data. Let's see. Hyperlquid. This one's got to be real time. Yes, you see bit here. Let's see.

32:06 model too. Man, this thing is not real time, but I guess the liquidations levels are No, but it's not real time. It's not real time. Um, I don't use it because there's no way to build a nice strategy with entry, with exit. It's more of this infotainment kind of stuff for the player to check. Okay, this one seems to be real time. Okay, I mean good luck trading on it.

32:39 How you going to trade on it? And also, you know, the amount of spoofing and manipulation that can take place in the order books is massive also. And this is more I guess if you are trading, this is interesting. I guess if you are trading like you know intraday, you trade like on the hourly time frame or something. Uh the reason I don't don't care the reason why I don't care too much about that is because I'm mainly on the weekly and there you know what happens a bit of liquidation here and there it's it matters less.

33:10 Okay, a bit of liquidation here and there is not going to stop the uh the the weekly trend or it's not going to stop the the tide shift from a massive bear to bull like we've had here or it's not going to stop Bitcoin from bouncing at the 200 week moving average which has been doing a lot. So um you need to understand why you use different tools with liquidation heat map.

33:38 Can you is it useful? I mean I it could be useful if you are on shorter time frame and you try to see you know when let's say the market makers try to liquidate a cohort um they drive to a specific level on the chart could be interesting could be interesting um so yeah that's that I I personally don't use it more for infotainment like if you guys ask we can check it like might be interesting but for seting stop losses and take profit targets.

34:27 Um ah not really stop losses and take profit targets are better set with um ATR like we've been discussing in um in the mechanical rules and also significant levels on the chart. The price chart has most of the info you need. Um I mean at least that's how I trade. You could probably have a strategy for looking at liquidation levels this and I mean I'm not saying it's impossible.

34:55 I'm just telling you. You ask, you guys ask me, so I'm telling you what what I'm using. But um it's probably possible to build some kind of strategy around liquidation levels. I don't know too many people that do that. I know many people that do content around that tweets around that. So it's good for Twitter, it's good for content for tracing. I don't know.

35:15 I It's impossible to build a strategy. If you are an exchange, here's where it's good. If you are an exchange and you are um or a market maker and you are kind of grayzone shady, you could chase liquidations could but some exchanges trade against their clients which if they're regulated should be illegal. Okay. So if you're an exchange, I guess you could use it for strategy and then if you're a player, you can maybe try and see what the exchange will try to do.

35:48 Anyway, a bit of thoughts, but I'm sure someone can make it work. It doesn't work for me. I don't use it. And yeah, that's it. Anyone heard from Bit Boy? Uh, unfortunately not. Let's see if he's going to return. There is There is some guy that is giving updates on Bit Boy on YouTube. I was actually searching Bit Boy the other day just to see if he's updating something and he is uh well he's not but there's a guy that that's that speaks about his situation.

36:18 Uh the guy is begging to discuss the liquidity. Okay. Okay. So I mean around 60k you're going to have I mean obviously is is a very important level but to get to 60k don't don't worry too much about 60k I mean to begin with you have the 200 moving average before that you have the bare flip before that there's all kinds of stuff before that but obviously there is a low here around 60k which is going to be a big area of um of demand So yeah, I I don't know what you want with addressing it, but uh there there's going to

37:13 be a big area of demand and uh it's it's too early to think about it because is bull trend we're above the 200 moving average and yeah that's it. You could phrase your question better because I address what do you mean address? Why why address? What should I address? What do you mean address? What do you mean address? I mean, there's all kinds of of of stuff that you you can address.

37:41 Is you mean that you're afraid that it's going to dump there? What do you mean address? Because when you ask, can you address? You probably don't know yourself in your head. What what you think to be fair like can you address? What do you mean? You afraid that it's going to go down there or what? You you're afraid that it's going to dump or you want to buy there?

38:00 Uh I don't understand your question. Address. Okay. Address. In what way is it good to buy? Is it a good uh zone to buy the dip? It's a good zone to buy the dip. Yes. Let let's brainstorm what the guy means with address. Sometimes when I don't understand the question, I skip it. I see also complain. I skip your question because you ask it in a way that you yourself don't understand.

38:20 So let let's try to brainstorm what the hell you meant with a question. Number one is the good price to buy the dip is good price to buy the dip. Is it um can it go there? Can it fall there? It can go there. It can fall there. Anything can happen. Uh is it likely to fall there? I think it's less likely now because you have the 200 as massive support.

38:46 But uh I mean it could have it could go there. It could go there. 60k the 200 67 could go there. It could go there. What what else you want to address? What else you want to address? Yo, great. Mishas, have you seen Avox New York Stock Exchange news? Have you seen Have you seen the stream, guys? Misha, have you seen the stream? Have you seen my stream here?

39:12 You haven't seen the stream. Ah, exactly. Because we already covered it. Big shout out. Big shout. Big shout out. Big shout out. What happened with Netherlands tax? Yeah, that that's a good that's a good question. Um, did they move forward with it or not? Let's check. Latest on Netherlands. What is it? Box three unrealized gains. Let's check it. By the big shout out to everyone.

39:48 Sometimes I get more in this mood of of roasting the the questioners, but but it's sometimes like that. Big shout out. When you ask a question, you get you get you get the risk of that. But yeah, baby shout everyone. I love the questions. I mean without your questions this this stream is not fun. So so just know that deep down it's uh I'm happy for any question.

40:06 So they are pulling back and reconsidering uh parts of planned box three wealth tax. Yeah exactly. So they're reconsidering but see it's like with California it's too late man. If I know that the politician is thinking in this way is a question of time before that becomes reality. Maybe now they're reconsidering okay in in a few years they're going to think again.

40:27 So it's you you have the as as soon as you have this uh brain cancer that they they have in their brain with the mind virus of taxing too much tax is a big problem. Okay. Now they cannot pass it tomorrow they're going to pass it. And you notice it comes back all the time. If they cannot pass something it comes back. It's like with child control in the EU they said the parliament voted no no they still they bring it back.

40:56 They bring it back. They bring it back. What's the latest on chat control by the way? What is the latest on chat control? So, chat control 2.0. Yeah, it's still negotiating, but it was rejected and they bring it back. So, the same thing is going to be here with all of the uh high tax countries. They will bring it back. They will bring back the wealth tax, the unrealized gains, the exit tax.

41:24 None of that is going to go away. please thoughts on retesting previous cycle alltime high uh basically the same answer I gave to address the liquidity zone is the same answer basically can it happen anything can happen uh I mean it's actually not even that far that far away It's uh it's 10% away. So basically you're you're asking can Bitcoin fall 8%.

42:04 Your question is could Bitcoin fall 8%. It can it's going to happen. We're down now 15% from the peak. And by the way guys you know 15% for Bitcoin it's it's not a big fall. You see how nervous people are. It's down 15% from the peak. And you're asking can it fall eight eight more percent. I mean and you're concerned and you're worried. I mean at some point you know if you cannot stomach the volatility in crypto should you be in crypto like is it worth the nerve cell is it worth the uh you know the the up and down in

42:36 emotion okay you should really consider consider that especially in this time you know we're down 15%. But the amount of emotion oh of course you can remove emotion by by managing risk but here you're asking can Bitcoin fall eight more%. It can fall 8%. Yeah, it can fall 8%. Uh we we're down 15%, you see big emotion also maybe we become too soft, you know, last uh because if you go back to like 2017, 15% it's it's nothing but now it's such a big gap.

43:10 People have such a big impact on their uh on their nerve. It's very interesting. But also, you see, if you can master this, if you can handle your emotion, you're such a big advantage because money moves from emotional dudes to unemotional dudes. From uh people who have a strategy, who don't have a strategy to people who have a strategy. So, that's that guy.

43:33 So, can Bitcoin fall 8%? It can fall 8%. Yes, guys. Thank you very much. Smash up the like. To summarize, Bitcoin is still bull trend. We're bullish Bitcoin. Um, nothing really has changed here for us. All coins, if they go bare, we risk off. Bitcoin is still bull trend, still bullish. We love that. See you all tomorrow. Enjoy your day. Uh, the guy is saying, "I'm not emotional.

43:59 Not emotional." Okay. Okay. Uh, checking the odd of 69 retest. Um, yeah, just put just put a bit of buy order there. Why not? It can definitely happen. I mean, listen, it's it's 8%. Put a bit of buy order. uh if you want to load up there it is defin it can definitely happen uh it will still be within the uh bull trend for us it will still be within the bull trend so all in all put a if you want to prepare just put a uh limit limit order there can fall 8% it could fall 8% and uh in the grand scheme of things we're now

44:36 down 15% from the peak if it goes to uh 269 like you said it's going to be like down 20%. And last uh bull market here it went down also 20%. I mean from this peak to this low 22% even it went down from this peak to this low it went down here almost 20% also. So can you go down within the um a bull market 20%. You can do it you can do it. So is your target possible is possible you can put buy order you're good and guys see you all tomorrow. Thank you very much and big shout out to Guzman.