No — despite the 'COLLAPSING BIGLY' title, Bitcoin is only down about 2% to roughly 83.7, the bull trend is still above the breakout, and the outlook remains bullish.
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00:00 Let's go. Let's go as soon as possible. Oh yes. Oh yes. Yes. Oh yes. Guys, welcome to another episode. And as you can see right now, we are dumping. We're going down. We are at 83.7. The world is collapsing. And actually, I didn't even plan to do videos today because I have to go very soon, guys. But I know we have community. People want update. The whole crypto space is a bunch of nervous dudes that won't update even if we go down 1% 2%.
00:26 So guys, let me just do it quickly and then I'm out of here. First and foremost, people have so much emotion. Uh you have to be calm. If you have a system, you're calm. My my titles, by the way, some sometimes people ask, Ian, why do you have a bearish title on bearish days and bullish on bullish? Because my title is the representation of the average player.
00:46 I need the average player to see that I will be speaking about his emotion. My emotion is different. My emotion is different. But let me know if you love my thumbnail. I have ah it's a Have you seen my thumbnail guys? Have you seen my thumbnail? Just just to clarify because sometimes I have this do you like this thumbnail? My goal with a thumbnail is that the the play is boop player clicks.
01:09 Let let me know guys if that's that's good that's working or what's happening? What's happening? Bishop. I mean we're all play guys and we're all play at some point. We're all play. We're all play. I'm also play in one way or another. But look guys, so uh Bitcoin down a bit, down a bit, slightly down. Uh bull trend still above the breakout. And you remember here a few days ago at 87, we were saying that even if we go back to this yellow line, it's still mega bullish.
01:38 It's basically just retesting the breakout. We broke out, boop, retesting the breakout, continue to upside. So the best thing for Bitcoin would actually be to retest the yellow line because when you retest something, you actually build support. Okay? So next time we come back here, there's going to be even more support. Let's say we come back here in the next bear or whatever.
01:58 If we spend a bit of time here around this yellow line, it's long-term very good. And it's also nice when you have a bull market and it goes sideways. It breaks out, it go sideways. Why? Because you need to build base. You need to build build base. Base is support. So whenever there's volatility in the future, if it comes down, there's going to be nice support and that's exactly exactly why all in all volatility within the bull trend is expected.
02:22 Uh touching previous levels it broke out from is also expected and even good you can say because it's building support. So literally nothing has changed. Plan is the same. We're bullish. Uh Bitcoin bullish, Sana bullish, ETH bullish, everything is bull trend and the red candle can happen guys. Can I mean I'm sorry to inform you. We're in crypto. We're in crypto.
02:44 We're in a market where red candles do happen. Do happen. In terms of uh news, there is a bit of news with Pu Penguin because they are shutting down abstract. You remember a few days ago we did say that they are shutting down abstract because Lucanets deleted abstract from his profile and now the news is official. So we already last week covered it, but now everyone knows it.
03:09 Everyone knows it. the news is official that abstract is shutting down they're winding down uh there is yeah there is a lot of discussion is it good is it bad but I think ultimately for a company it's good to focus so if you have a product that no one cares about like abstract no one cares about abstract no one cares about abstract no one is using abstract no one cares about abstract yes there is a core community that loves that there is maybe going to be some airdrop they form the airdrop but overall to find product
03:38 market fit for chain in today's day and age is very hard. It's very hard. So, it's better to focus on Penguin and that's it. I I think ultimately it's good but there is of course drama now. People are accusing Luca of uh not doing the airdrop and I can understand it. I mean I can understand people did a lot of transaction did a lot of airdrop farming and there is no airdrop.
03:59 And by the way this is why we don't really do airdrop farming. If you watch this channel you watch you watch us we've been saying it's a waste of time man. You're going to they can change their plan. And we don't do any a farming. I don't like a farming. It's a waste of time. It's a waste of time. So, but yeah, if you are a farmer a farmer, I understand that it's a it's a bit bit of an issue for you.
04:18 But he's saying after losing tens of millions of dollars over two years, building consumer products, assembling an allar all-star team, onboarding some of the biggest uh brands in the world and commu building community of millions, we still had not found product market. There is no product market fit for like a you know nonme chain. There's there's very hard.
04:37 you're either memecoin like Robin Hood or you know some digent stuff or like Sana or you you do some other D5 stuff. But this thing that you know we're going to build a chain for consumers so they can have their penguins there. Uh I mean clearly by now has has not worked. So maybe it is a signal that it's either very hard and no one has cracked it yet or there's simply no market demand to use a chain for your plushes or something.
05:00 You understand? For your figurines for your for your gaming because there's Sena you can have it on Sena. You can have it on other chains. So, it's it's it's I I I think it's good to focus. It's good to focus focus on the penguin. Get the penguin uh make the penguin pump does it. So, the entire team at Astra has worked tirelessly with a tremendous amount this and that.
05:20 So, guys, that's the update with with the uh Pang. Let's actually see is how is Pangu coin reacting. I didn't have time to check it. Let's check together. Ah, a bit down, a bit up, a bit down. uh basically stalling out here uh around the breakout area. So yeah, not too big of a reaction in the price, but the community is uh should I call is community salt or how do you say it?
05:45 I mean the community is um is uh dramatic. But you know, I'm not saying that they're dramatic. I'm just saying that it's uh u controver there's controversy. There's controversy. People don't like that they shut down abstract. Uh, this guy is saying it's okay to try new things and fail, but I don't know. None of this makes me bullish. Not for Paji, not for Pango.
06:06 This guy is bearish. Some people bearish, some people bullish at the end of the day. Bullshan. If continues, fantastic. Fantastic. I mean, regardless of the abstract stuff. So, last year, uh, yeah, I mean, Luca will have to eat his own words for a while here because people are digging up old stuff where he's saying that he's bullish, abstract, this and that.
06:24 But you know as a founder here here's let me first play you this and then I I will tell you how it is uh when you are a founder. Listen to this. >> I think the thing I want you guys to hold me accountable here is over the next year um abstract's going to flip on a dime. I think it's going to be the biggest L2 by a Texas smile. I think we're going to do something from a consumer perspective that nobody else has done.
06:46 Whether you believe it or not believe it now or not it it doesn't really matter to me. It's going to happen. I think the second one is I think Pudgy Penguins and Pingu are going to break through in a way that if you thought the last couple of years have been >> great. There are like a million clips of him being super bullish abstract but and people are blaming him for that and also I can understand that but I can tell you you know being a founder doing stuff sometimes you are bullish on an idea you go all in then you
07:11 realize ha it does not work and then you don't do it it's totally fine. So uh would it be better if you made abstract big it would be way better that would be the ideal scenario but uh you know using old stuff okay if you watch that and then you farmed then I I understand you are upset because you farmed you you farmed so listen I I can see all points I can see all points but founder being bullish as hell on his thing all the way until he says yeah it doesn't work it's very common is by the way the because other as a
07:43 founder you either put your time or you don't put there's no in between the I mean imagine being a founder and you put like two years being lukewarm on your idea you cannot be a founder like as a founder either you're all in your team is all in or do something else so all in all guys uh this Pengu stuff let's see how the token evolves but I think it's good for for the penguins is good uh there's going to be some controversy around it for the coming probably weeks and then hopefully we can focus on uh on on the yeah on
08:15 the court which is the penguin and that's it. No more abstract so less less attention spread. Uh other than that guys uh the whole industry is taking a few percent back today. U bull market giveth bull market taketh today it's taketh it's giveth a lot and now it's taketh a bit. You see here taketh taketh taketh everything is taketh everything is is down.
08:36 So uh follow the strategy we follow the plan. We don't uh we don't worry too much. We sit in our boat very comfortably very comfortably. And we're going to be back tomorrow, guys. I have to cut it short because I didn't even plan to do stream today because uh I have too much other stuff. Uh but but market is down 2%. People worried. How can I leave the community, man?
09:00 How can I leave the community? How can I leave if if it goes down so much? How can I leave the community, man? I need to ensure we're on the same page even when Bitcoin is down 2%. Oh yeah. Big big shout outs. Thumbs up. Thumbs up if you love that. If you appreciate that. Big thumbs up. Big thumbs up. I want big thumbs up and mega thumbs up for the thumbnail.
09:27 Ah, amazing. Amazing. Again, my thumbnails is is to match what people are thinking. Just to be super super clear, we match what people are thinking. Let me know if you love the thumbnail, you love the stream.