Hot CPI Lands Before the Fed’s Final Rate Decision (Big for Crypto) Transcript

08:47 You can see that Nasdaq corrections generally  aren't that deep. This one was a 25% correction, and there was a 35% correction last  year and during COVID. But otherwise, typical corrections in the Nasdaq  are between 10 and 16, 17%. Where we are now is we had a 16% dip. I guess  now we're probably down about 13.5%. Let's just go into the daily here, and we'll look at where we  are exactly.

09:10 From the top of the Nasdaq over here to now, we are 12%. We're down 12% as it comes to  the Nasdaq. The question is whether that's over. Now, what I can tell you is that after  the leverage flush that we had last time, the leverage in the market saw its biggest  weekly decline. And the net leverage in the Nasdaq markets, if you're worried that  the Nasdaq market is overleveraged, the net leverage is now at five-year lows.

09:38 So there's not much leverage left in the market. The Nasdaq did kiss the 200-day  moving average, which is what we wanted. And so if you look at that, you've got to  ask yourself whether you think the Nasdaq has had the reset that we were looking  for, right? Now, I want to show you some elements to discuss whether or not the Nasdaq  is overvalued and whether it's had the reset.

10:04 The first thing is, obviously, as we discussed  in the chart, the Nasdaq loves the 200-day moving average. We've had that. Let me actually  go over here and just bring it up for us. Hold on a second. I'll bring it up so we can actually  see a live chart of that. What is wrong with TradingView today? What is wrong with TradingView,  full stop, let alone today.

10:21 US Tech 100 CFD, there we go. USTEC CFD. Holy moly, look at  this. Look how slow the TradingView charts are. Let's see if we can just get a Nasdaq chart  here. Okay, we've got a Nasdaq chart here. There we go. Hold on a second. Okay,  that's on a three-minute. There we go. Okay, so what you can see is that  we broke below the 200-day SMA. Now, that is quite typical of Nasdaq corrections.

11:09 We  sometimes do break below this 200-day SMA. But I want to show you some other levels  if you look at the other components. So for example, the semiconductor ETF. If you  look at the RSIs on the semiconductor ETF, they were pretty much at reset levels.  And they're not the only ones. There's this XLK ETF. It holds things like  Apple, Nvidia, Microsoft, Broadcom, Advanced Micro Devices, Micron, Palantir,  et cetera.

11:35 And you can see that that one also went to very low levels in terms  of the RSI. It's below 30 on the RSI. So on the short timeframe, on the daily timeframe,  we've basically had this reset. Micron also went below 30 on the RSI. When these things go below  30 on the RSI, generally you look for a bounce. The AIQ, which is the AI index, again went below  30.

11:58 And so now it's really make or break time. Now I want to talk about make or break time.  Either we are towards the end of the Nasdaq correction, or it's going to become a much,  much bigger crash. When people talk about a much bigger crash, they talk a lot about the dot-com  bubble and they compare it to the dot-com bubble. I showed you this thing yesterday, which I think  is worth looking at again today.

12:20 This is the valuation of the AI peak versus the dot-com peak.  And it shows you how early we are in terms of PE multiples and stocks being overvalued in the  AI bubble. We're nowhere near dot-com levels. In fact, if you look at the actual data,  what you can see here is that on forward PEs, Nvidia is cheaper now than JP Morgan.  So Nvidia is on a forward PE of 11, for one of the most promising tech stocks  out there.

12:53 Now, the reason why the market is doing that is because they don't believe  in Nvidia's circular revenue, so to speak. But look at this. Nvidia is going  into its earnings next week, and it's going in on the lowest multiple  that we can pick up on our chart here, right? It's going into its earnings on a 12.5  forward multiple. It's like the cheapest, a 12.4 forward multiple.

13:15 It's going into its earnings  being the most undervalued that it's been. And the same thing for AI chips, right?  AI chip manufacturers. AI chips are the cheapest they've been in 15 years, trading at  single-digit PEs. Okay. And this is as we go into the AI revolution. These guys are at 15  PEs, at the lowest PEs that they have been. This market to me doesn't seem  overvalued, no matter which way we look at it.

13:45 From a forward PE point of  view, the market is not overvalued. In fact, tech is actually cheaper on a PE valuation  than it was at almost any other point in time. The other thing to look at is the VIX.  Look, we have had higher spikes in the VIX. But when the VIX spikes, that's usually  when you want to be buying the stock market, right? It's almost like our fear and  greed indicator.

14:12 When our fear and greed drops to low levels, that's when we want to be  buying. In the stock market, they use the VIX. And people ask, if the VIX retraces more than  20% in a day, what usually happens? Okay, so on that day, usually the price goes down.  But if you look one week and two weeks later, the average stock tends to go up. So basically, when the VIX goes up and then comes  down, that's when you want to be buying.

14:40 I see the researchers are sending me a lot of  stuff. Okay, yeah, we've got all the information. So for me, I've taken the view that the stock  market is actually quite cheap. And as a result, I'm starting to deploy into the stock market.  But I'm not only deploying into the stock market, I'm actually deploying into some grid bots.  I wasn't a big fan of grid bots, but I want to show you specifically what I was looking  at when I started deploying these grid bots.

15:13 My thesis is that crypto might have one more leg  down. I know that there are a lot of commentators in crypto saying that we're nearing a  bottom or that we're resetting. Remember, I said to you that I'm probably looking at  about a $72,000 level on Bitcoin. We're at 70. We've now been down to 73,500. I'm looking for  about 72,000. We spoke about that many shows ago.

15:39 But you can see that the trade is cooling  down. Look at the altcoin open interest relative to Bitcoin open interest. Bitcoin  open interest is slightly bigger. We still haven't reset. That's what a reset would  basically look like. We're still not at the reset. Fear and greed is still not  at extreme fear, but definitely at fear. The altcoin trading volume has returned to its  normal levels.

15:56 Through September and October, altcoin volumes spiked to four times Bitcoin's  levels. Now they've returned to their normal trading volume. So again, the exuberance is  starting to come out of the market. Okay. The sellers seem to be getting exhausted.  This is what they call the seller exhaustion constant. And what the seller exhaustion  constant basically says is that the sellers are starting to get exhausted.

16:22 Markets  go up when the sellers get exhausted, and it looks like the sellers here  are starting to get exhausted. Another metric that says that is the percent of  supply in profit. Generally, when the percentage of supply in profit drops to 58%, that's  a good time to start buying, and that's basically where we are right now. And that's  why the whales are actually starting to buy.

16:45 So for me, the thesis remains the same as it  relates to Bitcoin. I think we're very, very, very close to the bottom. One of our researchers  pulled this Fibonacci pattern. He basically said, look, in a bull market, Bitcoin usually doesn't  go much below this Fibonacci level over here, which is just under 74,000. It's  about 73,000 to 74,000. So I think that we are really starting to  bottom when it comes to crypto.

17:09 When we do start bottoming, I think the  golden cross is going to come in. You can see the golden cross is about to happen. When  that happens, usually Bitcoin actually goes up. And then we might repeat this 2013 fractal. So  literally, if you look at 2013, that's what 2013 looked like when it bottomed. Okay. And this is  where we are today. They look almost identical.

17:29 So what's my play here? My play is as  follows. Number one, I'm very, very... Sorry, the researchers are sending me more and more  information. Guys, this better be important, because you keep interrupting my shows.  It's not 99.8, it's 98.6. It was 99.1, guys, when we started looking. So if you look  here, when we were looking for a rate hike, it was at 98.6.

17:50 It was 99.1%. Let's quickly  refresh it and just see where we're at. This website becomes unusable when economic data  comes out. Anyway, let's go back to strategy. So I started to deploy money yesterday.  I started to deploy money into AI stocks, and I started to deploy a little bit of money  into crypto. Okay. So not a lot into AI stocks, not a lot of money into crypto.

18:16 With the AI  stocks, I'm doing something that I haven't done in a while, but I figure it's a very good  strategy, and I want to walk you through it. So open that account at 2bit. You  can also open an account at 2bit, and then you can start trading the grid  bots, right? Now, what are these grid bots? They basically trade in a grid, right?  So they trade every line in the grid.

18:39 I want to show you why and how I set up these  bots. So for example, I looked at Nvidia and I said, look, I think Nvidia is cheap enough  to start buying. So I took the Nvidia chart, and I said, look, I think Nvidia is  cheap enough to actually start buying. Now, what is my logic around Nvidia being  cheap enough to start buying? I said, look, it's trading at a very low PE, right?

18:56 We said  it's going in at a 12.4 PE. It's down 30% from its high. And if you look at January 2025, which is  somewhere here, it's only up like 20% from January 2025. That means that Nvidia actually hasn't  performed very well over the last two years or so. So to me, this is a good time to actually be  starting to get into Nvidia, because I really believe in the AI trade.

19:22 I'm a big fan of the AI  trade. So now, I look at levels on the chart and I ask, where is the next level for me? Where do I  think it will go if it carries on going down? And I found this level over here. And I said, look,  that is a big support level over here, right? And so what I did was I set  up a bot and I said, look, I want you to buy Nvidia all the way down  until it gets to this level, and then hold it and trade it all the way up above the all-time  high.

19:43 And I basically went and set up that bot. So here is the inventory here, but you  can see it over here. Let me just see if we can get the details up. Okay. So you  can see that the Nvidia bot has a range of 152 to 280. Where did I get that 152? I said,  look, let's just go to that level over here, and the level here was 152. That's  the next support level on the chart, and that's where I thought we would go to.

20:11 And  then 280 just means we go above the all-time high. And I set up a bot to basically trade that grid.  Now, look, I set it up yesterday, so it's down $19. But you see, even though the trade is down,  because it trades in and out of the grid, in, out, in, out, in, out, in and out of  the grid, the profit on the grid is... So basically, when you're playing a grid bot, you're playing the profit on the grid  plus the profit on your leverage, right?

20:38 So I set up a bot from 152 to 280  with 367 grids, and it's basically set up. I want to show you how to set up one of these  bots. You can open an account on 2bit and basically set up your own account. So let's set up  a bot on, let's think of a good AI stock. In fact, let me show you how to set up the NVIDIA  one, because I think that's the easiest one.

21:04 So you go to the futures section over here,  you look at trading bots, you go to futures grid bots and you click that over here. Now  you're at the futures grid section. Okay, hold on, one second. Markets, futures,  trading bots, futures grid bot. Okay, so you see I've got three bots  that I set up. I set up an IREN one, I set up a CoreWeave one and I set up an NVIDIA  one, and I put $2,000 into each of these bots.

21:51 Now, you go to manual and you say, okay,  let's say I want to set up an NVIDIA bot. I'm going to set up the NVIDIA bot again.  So, NVIDIA. I look at the chart and I ask, where do I want this bot to trade? I  think that's the range for NVIDIA. So I want it to buy all the way down to here  and then trade all the way back up to here. By the way, if you want to sign up with 2bit, there's a link below.

22:20 It's a non-KYC  exchange, so anybody can use it. So, 152. The highest price, let's say  250. In terms of the grid quantity, I just click recommended, and it says I  should have 298 grids. Then I set up the leverage. I'm not going for 10x leverage.  I'm going for 5x leverage because I don't feel like getting liquidated. So I'm going to  go five or six x.

22:38 Then I put in the amount of margin I want, I create the bot, and bang, that  bot is now created with all those parameters. The reason I'm showing you this is because  I've started to deploy money into these bots. As I mentioned, you can open an account  here at 2bit. Tomorrow or the next day I'll set up a whole lot of other bots. You  can see I already set up a CoreWeave bot, an IREN bot and an NVIDIA bot.

23:19 I'm going to set  up a whole lot of these AI trade bots, because I think there's more chance that the AI trade has  bottomed than that the Bitcoin trade has bottomed. And so I want to be long the AI trade, and one  of the ways to do it is using these grid bots. This is something I've been waiting to do for a  long time, and I haven't done it because I just didn't think it was the right time.

23:38 But now  it's the right time. So if you want to join us on this grid bot journey, go and open  an account. There's a link here. Again, it's a non-KYC exchange. Sign up and unlock  $30,000 in deposit bonuses. Deposit $20,000 to get $2,000. Deposit $300,000, get $30,000.  So you're getting a 10% deposit bonus. Okay, so that's number one, the bots.  I suggest you set up an account, because we are going to start trading  these bots.

24:09 In this kind of market, where I think the AI trade has bottomed, this  is the right time to be setting up those bots. All right, I've also started to  deploy money into crypto, but very, very slowly. Why? As I mentioned to you,  I was 7% in cash, and I want to look for opportunities to deploy that 7%. To do that,  I've opened a room on insert.trade.

24:29 If you go to insert.trade, this is insert.trade.  It's a trading room platform, right? What you'll see is that I've started a room called  Deploying $10 Million. So you go in and open this room, and in this room you can see all the trades  that I've deployed. I deployed money into Grass, and I gave you guys a full thesis as  to why. I said I'm deploying $100K, which is 1% of my cash.

25:01 The thesis: it's a  revenue generator that I don't have in my portfolio. I showed you the exact entry price,  it shows you that the trade is live, and you can actually copy those trades if you connect an  exchange here in the top corner of your screen. I also deployed a little bit into Aerodrome, and again I posted a deploy alert. So the  entire $10 million that I'm going to deploy, I'm going to be deploying live in this  trading room, and you can follow me live and free in this trading room.

25:26 You can actually  follow me and watch the money that I deploy. Last thing before I go. I don't know how many of  you know, but Bybit is having their World Series of Trading competition. It's a trading competition  where you can win up to $10 million. Usually, the bigger the squad, the more chance you have of  winning. So if you're not signed up with Bybit, sign up here and get a $50 deposit bonus.

25:50 If you  are, join our squad over here. The more people who click here, the more people we have in the  squad, and the more chance we have of winning. Then what I've done is set up a trading  room on insert.trade where all the Banter hosts are going to be participating. So that's  the World Series of Trading trading room. You can see that Kyle has started to post some  trades.

26:14 I've posted a trade. We're going to be posting all our World Series of Trading  trades over here, so you can see them all in one place. And if you connect your exchange,  you can actually follow those trades. So go to insert.trade and connect your exchange over  here. You can connect any exchange, but you should connect Bybit. And also join our squad, so  we can actually take a shot at winning this.

26:31 Cool. Last, last, last thing before I go. Black  Friday is coming up. You all know about 247. It's our research group. It's where we  post every single trade, all our portfolios, et cetera. We're having a Black Friday  special which is going to be limited to a thousand people. I think I need to refresh  this. It's limited to a thousand people. The thing is, before we let in everybody  else, we're letting in the people who are in our Discord or were in our Discord.

27:05 So if you are in the Discord and you want to come back and take the Black Friday  special, instead of $2,388 you'll pay $1,099 for the entire year. That's only if you  take it in the next 24 hours. Otherwise, we're opening it up to everybody else, and once  those thousand places are full, they're gone. So if you are in Front Runners or you have been in the Discord group and you want to  renew your current membership, listen, if you're going to keep your current membership  at $199 a month, that's great.

27:35 Good for us, we're making $2,400 a year. But I'm giving  you an option to do it for less than half price if you sign up for the Black Friday  special. So if you are or you were a member, sign up using this link. If you're not, you'll  have to wait for us to open it up afterwards. All right, my friends, a jam-packed show. I'll see you guys again tomorrow. Until  then, trade well, my friends.