LIVE FOMC Coverage: Fed Rate Decision Transcript, AI Summary & Key Points

00:00 Happy FOMC day if you're celebrating  today. I'm not really expecting too much from this event today. We know  that there is a 90.6% chance that Kevin Warsh is not increasing rates today.  There's also a 90.6% chance that he's not going to say anything today because  the guy basically says nothing. So, I'm not holding my breath that it's going to be a  big FOMC event, but I think we have to cover it.

00:22 There's one minute to go until the announcement.  Let's watch Bitcoin on the three-minute chart while the announcement is coming out. This  is the Bitcoin on the three-minute chart, not moving. Looks like it's dying. Let me just  refresh my page in case there's something wrong here. Okay, let's go. Let's go. Okay, we've had,  I'm watching it on the three-minute chart.

00:34 Is the announcement out yet? No, there's about 60  seconds until the FOMC announcement is out. Will he raise? Will he not raise? I read from Kabisi  that they say it's going to be a hawkish pause. Let's see. Is it going to be a hawkish pause?  We'll know in about 30 seconds. So 29, 28. Guys, welcome, welcome. If you're new here, my name is  Cryptomanran.

00:54 I'm here every single day bringing you crypto love and crypto wisdom, covering all  the big events. And this is a big event. Well, is it a big event? I don't know. Is there anything  happening yet? Okay. The decisions should be out and there's some movement with Bitcoin. Bitcoin  likes what it sees. Doesn't like what it sees. Doesn't like what it sees.

01:16 Likes what it sees.  Let's go to 247 Newswire and just see what we're getting from the FOMC. 247 Newswire on Twitter  is the fastest newswire in the world. Let's have a look here. Let's see what they reported. Fed  holds rate. Okay. I mean, duh. We knew they were going to hold rates at 3.754%. What else can you  tell us? What else can you tell us around that?

01:39 I'm getting, let's have a look here. So, Fed  is, Fed held rates steady. Let's quickly read what changes. The Federal Open Market Committee  approved the following statement for release. The committee decided to maintain the target range.  Remember the last one, they raised for the Fed's fund rate by a nothing but to see in support of  blah, blah. Economic activity is expanding at a, instead of solid, they said strong pace.

02:04 So  economic activity is expanding at a strong pace. While uncertainty remains elevated, owing  in part to geopolitical developments. Domestic spending has been resilient. Productivity growth  is strong and capital investment is robust. Job gains have kept pace with the workforce, blah,  blah. Inflation remains elevated and they said that today's policy action, this was last time,  the accumulation of more information will help the committee determine policy stance appropriate  to ensure timely return of inflation to

02:28 the Fed's 2% goal. Voting against the monetary policy  action were Lisa Dook, Beth M. Hammock, who preferred to raise the target rate by a quarter  percentage point. In summary, and it's, I mean, everything about Kevin Warsh is in summary because  it's all like, in summary, it's all like very, very small. It's a very summarized statement.  Nothing really, they kept the rates standard.

02:56 Two of the Fed officials wanted to increase rates  and didn't, and obviously didn't. So you have two what they call descents and I guess we got what  Kabisi called the hawkish pause. What is the hawkish pause? It's when the Fed holds rates.  The Fed will hold rates unchanged but lay the groundwork for a December hike. Now we've just had  the raise. Now let's look at, quickly look at, so I haven't touched this.

03:20 Okay, so now let's refresh  this and see what it says for December. 80% chance of a raise in December, which is interesting  because we're going to have the midterms now. Midterms happen in three, in four days, five days.  The midterms are early next week. It looks like, I mean, right now it looks like it's a, there's a  Democrat clean sweep on the table.

03:40 67% chance that the Democrats win both the House and the Senate.  I think that Warsh is looking at, I mean, PCE and, basically all the inflations, right? So like all  the different inflations. But all the inflation's on the rise. Obviously inflation's on the rise  when you have the wars happening and you've got, look at this. So Brent crude oil broke out,  now at $116 a barrel.

04:04 This is an election game. So the Brent crude oil is an election game  that the Iranians and everybody else will play just before the elections to get Trump out of  power. So imagine you're going into elections on an oil breakout. Oil has not been higher since  June 2022. So you can see that this is a game that's basically being played pre-elections.

04:31 The  big question is what happens after election. So like you almost want to think about this election  push as both sides exercising the muscle that they have, the maximum muscle that they have, before  election day and then after like they run out of muscle, there's elections, etcetera. Speaking  of elections, holy moly, let's talk about the Brazilian election.

04:53 So you remember that there  were two candidates, there was Lula and Bolsonaro. And Lula won the elections today. Bolsonaro was,  steps into a private jet in Miami after President Trump approved his entry into the United  States. Why? Because Lula and, Moray, who's, who's the head justice there, effectively, or the,  yeah, I think he's the head of the police, the head justice there.

05:23 He basically, they said that  Bolsonaro must hand in his passports. That's what usually happens just before they arrest you. Bear  in mind, his dad has been arrested for challenging the elections and basically disrupting democracy.  So he fled to Miami. He's actually, he's in Florida at the moment. And right now we've got the  Israeli elections which are happening.

05:38 I mean, not like with the Israeli elections, let me quickly  find it. I think as far as I know, the last time that I checked, there was no winner there. And  now they're going to have to go into coalition discussions, which in Israel is like a really,  really normal thing. Like every, every elections that they have is, it just basically goes into  coalition announcements, etcetera.

06:01 And usually there's multiple votes, etcetera. So that's where  we are. I am watching multiple screens here. We are going to be joined by Dylan and Degen Dave  who are going to Degen trade with us. Tomorrow we've got PCE results expected. PCE results are  expected tomorrow and they are expected. Andre, what is the expectation tomorrow? 3.6. That's my  3.6 and last time 3.4.

06:22 So inflation increasing, obviously inflation increasing, oil up, inflation  up. Easy mathematics. Don't have to be a genius to work it out. What we know is from what we know  from previous FOMC's is that if Bitcoin goes up into the FOMC, it drops after the FOMC. If it goes  down, it basically goes up after the FOMC. So, where are we now? Did we go up or down into the  FOMC?

06:53 Let's look at the 4-hour chart. We went up into the FOMC, up. So, that means that if the  trend holds, the logic is down. I want to also test this thing over here. There's this one that  I also wanted to test. So, what is this? It's the FOMC announcement creates two manipulations  before the real move happens. Two fake moves, the top trader. So, the manipulation one goes up and  down and then it goes up and then it goes down.

07:22 Okay. Well, let's wait and see how that actually  plays out. Right now, Bitcoin is basically telling you this is exactly what I expected. So, if you  look at when the announcement came out here and Bitcoin was at 80,700. It went up to 81,000. It  came back down. So, they're waiting for Warsh to speak. I don't know why they're waiting for Warsh  to speak.

07:40 The guy doesn't talk much. He's not going to say anything. Like, he's not going to say  anything. Dude is not going to say anything. You know that. He's going to be short and sweet. He's  going to say, good day. He's not going to say, probably say good afternoon. He's not going  to say that. Yeah, people questioning whether, whether I abandon my correction thesis.

08:01 No, I'm  not. I haven't abandoned my correction thesis. If we go up above this level over here, if we go  up above this level over here, which is 85,000, then I will abandon my, I will semi-abandon my  correction thesis. If we go above 87,000, I will totally abandon my correction thesis. Until then.  I mean, I don't want to be the bearer of bad news, but you can kind of see that this is a lower high  and then there's another lower high here and then, you know, it's, I mean, it's kind of following  a beautiful, line

08:29 down here. Just have a look here. So, that's beautiful trend downwards. It  could bounce up. There's no guarantees here. I just right now, I guess it all comes back to how  much you're invested. And what I mean by that is I'm 93, 94% invested in the market. Like for me,  the last six or 7% that I have in cash, I want to deploy only if there are bargains, right?

08:55 So  I don't want to go and buy retail prices. If there's a bargain, I'll buy something on sale.  That's the way that I see it. So like for you, if you're not invested or if you got less than  50% invested, yeah, I would start investing now. But for me, I'm looking for bargains.  So I'm waiting for the correction, right? Let's talk about some other things that have  basically been happening.

09:15 So big earnings week. This week there's actually Google earnings today.  We had SK Hynix this morning. They did very well. So like if you look at SK Hynix, they did super,  super well. SK and they basically restored the, here we go. They basically restored everybody's  faith in AI, up 13% today on their results. Very, very strong results. I actually had the results  for us here for us to look at.

09:43 So they, $80 billion in a quarter. Holy moly. Okay. Operating  profit 62 billion versus 58 billion. Can you trade this on Variational? I think you can. Do you guys  feel like mining another, another exchange like at the beginning? Tell Johnny to put up a TX Flow.  Put up TX Flow first. Show you guys how you can make some free money here. Meanwhile, let's look  at your Anthropic trading at 1.8 trillion.

10:11 SK Hynix, SK. Yeah, it is. You can trade it here.  Up, up, holy moly. Yeah, I mean it's up a lot today. It's up a lot today. As it relates to my  positions, as you can see, I'm doing exactly well as I predicted. Every single one of my positions  is down. Don't worry. I will be back. You'll see, I'm not going to close any of these positions  and they're all going to come back into profit.

10:38 All right. We are waiting for Warsh to speak.  Not Powell, Warsh. Warsh to speak. Powell used to speak. He doesn't speak anymore. Yeah. What  else can I tell you? Let's quickly go and look at some altcoins and see what's going on here. I did  see some moves here. POND went up yesterday. The reason why POND went up is, I mean, it's still  a complete vibecoded piece of rubbish app.

10:56 The only thing is that Robinhood actually had results  yesterday. The results, not great. Not great. The Robinhood results weren't great. They promised a,  or they estimated a $1.4 billion net revenue, they got 1.42. Their earnings per share was estimated  at 56, they got 51. And their estimated revenue, crypto revenue was 114. And they beat the crypto  revenue actually saved their assets.

11:26 You can hear Vlad actually talking about it. Good guy. Trading  which is near and dear to my heart, literally, I'm wearing the vest right now. So wait, our  agentic, that's the agentic trading that you're speaking about, which you did actually speak  about. But let's talk about crypto of higher Gold adoption. Finally, let me get to global financial  ecosystem.

11:49 So, on July 1st, just a few months ago, we launched the Robinhood Chain mainnet and in  its first quarter, it's already a top five chain by volume and revenue. So far, we've seen over  100 billion in DEX volume. So that's 100 billion in decentralized exchange trading volume and  over 50 million in chain fees. DeFi perpetuals, it's an interesting, innovative product, have  seen solid growth on the chain as well.

12:21 So in recent weeks, we trenches bros making lots of  fees. Welcome, sir. After today, after the FOMC, this is the Google earnings. I mean, let's see  what Google comes out with. So earnings week, basic earnings week basically continues. Let's see  what else we got in the docket today. SK Hynix, good results. We spoke about that. Oh. Oh,  here's a nice story for you.

12:45 MicroStrategy is starting to pay daily dividends. So on the STRC  product, the STRV product, they're starting to pay daily dividends. You get your dividends daily.  Okay. Airdropped. Still the STRC is not at $100. And Michael Saylor has basically spent $2 billion  buying back STRC. So, well done to everyone that voted. Congratulations. What else? What else is  happening in the world of altcoins?

13:10 We are here to watch the FOMC, but as you can see, not much  happening on the FOMC except elevator music. This is a good song. It is a good song. When  I was younger and we used to watch German adult films, this was the music they used to  play. Okay. So, you know, if you know. Let's see what Bitcoin is doing at the moment.  Bitcoin is not moving. He's not.

13:34 Please, can we have movement in the FOMC because I have  guests with me. Well, you know, you got to be nice when the guests are around. I have guests with  me and they're going to be trading. Dylan, share your screen so we can see the one-minute chart and  the 30-second chart and the 4-second chart. Uno, I'm not that bad. You know, I'm not that Degen.

13:57 I keep it civilized. I go like 45 minutes is my, I draw the line. All right. Degen Dave, is  your screen also sharable? So, we can like, we can all like, we're going to trade. We're  going to watch. It's going to be a festival. Yeah, it's going to be a festival. It's going to be a  festival. And I heard you say rubbish coins and altcoins. I don't know which word you used.

14:20 And  I like, I'm like, you called, you rang. I've got every flavor. I've got the full buffet for you  guys. And Dave's got some big swing trades as well. Good, good. So, lots going on here. Okay, I  can see. All right, good. So, a couple of things that we should pay attention to. It's Zcon today.  Zcon is the Zcash 10-year anniversary and also a festival in, not festival, DevCon in Cancun.

14:42 I  was supposed to be there, but instead I'm here with you all. Not much came out of there. Zcash,  like, I mean, hasn't really moved. Andre, Andre, come here. Come here. Yeah. Okay. Andre is one of  my researchers, right? And he prepared the show today and I mean he let me down big time. Like big  time. Big time. Andre, because of that, I want you to sit here and I want you to present your show.

15:08 You went through all of the show till now. Here we go. Your AERO sections over here. Your VVV  sections over here. Please go ahead. Go ahead, bro. Save me on AERO. Please. One second. Where do  I use the, oh, you actually put a sections up. So, yeah, guys, Ran went through all the big sections  that he was supposed to do today and he doesn't want to go through the same altcoins because  he thinks that he already spoke about them and it wouldn't be cool to speak about them again.

15:36 Even though he has conviction in all of them and he likes all the tokens in question, which is  VVV, which the other one is Cards. By the way, where's the Cards? Where do you have the Cards  tab? I don't want to hear the same story. Where have the Cards tab, bro? Where's that one from?  Where have the Cards? Where's the one from this morning, bro? Which is the one from?

15:54 Andre gave  me alpha this morning. Andre, what alpha did you give Dylan this morning? Dylan? Yeah, they didn't  speak to. Oh, we spoke to. I give KNTQ. KNTQ. Oh, you guys are late to that trade. You, they don't  have leverage. I can't trade spot. I'm allergic. This is the one that I missed. And it's called  KNTQ. KNTQ. I'll give you the rundown here.

16:18 It's on Hyperliquid, right? It's one of the few  correct calls that Andre has ever made. So he's taking all the credit for it. What they're doing  is they're launching, what's it called? Elysium, right? They're launching a Layer 2 on Hyperliquid.  And so it's like the one trade that's actually gone up that he's bought. Yeah, AERO is a good  one. AERO is becoming a competitor to Uniswap.

16:41 The only real competitor to Uniswap that we've  seen. Like, I mean, we keep buying AERO. Hey, we keep buying. Keep buying. Okay. I like this.  You know what I think we need to do? We need to look at your positions that are underwater. Look  at those charts and then see where you must add. No, the ones that are underwater. I mean, I  know exactly what the thesis is.

16:57 Don't worry. Come and save you. I'll show you in a second.  Let's see what other altcoin have I got. Oh, let's talk about Cards. Cards. Cards is worth  talking about. Right. So, Cards is the Collector Crypt. It's the tokenized Pokemon real world  asset players, right? And they have their, they've had their biggest earnings week in a long  time. So, this is the biggest revenue week that they've had in a long time.

17:23 But, okay, there's a  catch here. Initially, they had a partnership with pump.fun. We dug under the hood and it seems like  they've stopped using Cards. So, it looks like pump.fun has actually moved from Collector Crypt,  dug under the hood, to Fidget. Okay. Again, I want to say that Andre was the one who discovered that.  He's discovered two things this year.

17:42 That's it. Giving him a hard time, eh? Of course, I'm  giving him a hard time. What else is there? There isn't really much else going on. We want  white Ran. Oh, you want the white guy? Okay, tomorrow PCE and this also, by the way, a message  from Andre. Tomorrow there's PCE. It's a forecast at 3.6% which is higher than 3.4%. So, we're going  to wait for Warsh to speak.

18:06 Not Powell. Powell's not allowed to speak anymore. We're waiting for  Warsh. New, Dylan. Dave, next move on Bitcoin. Up or down? Like next big move. Dave, go first. Big  move. I'm talking about big move, Dave. Big move, man. Like, is it 95 or is it 60? Oh my gosh,  those are big. That's what she said, bro. I mean, look, if we get, if we go down to 76, 77, I'd  like to see the move up to 90 after that.

18:40 76, 77. Yeah. Yeah. My levels are slightly different.  My levels, show you my levels. My levels say the following. Also, by the way, Andre came up  with this in case you're wondering. So the first level would take us down to the 50-week  moving average. That would give us 75,600. Right? Why do I say that? Because in every other  bull market, once we've gone through the 50-week moving average, we don't come back.

19:12 We never go  under unless we wick, we wicks here. We wicks here, but we never went under as you can see.  Right? So, generally that's my next move is 75, 76. If that breaks, and I think it will break,  then I'm looking for this level over here. I'm looking for this level over here, which is 72,  which is the bull market support bands, which is here.

19:36 So, I'm looking for that level. It's funny.  There's so much stuff in those zones that tie in with what we're talking about here. So, yeah. I  mean, we're all on the same page. It just looks different, but let me give you, let me show you  what my page says. My page says the following, right? You want a correction, you got to change  from greed to fear.

19:51 That's basically what a correction is. Correction is not about price.  It's about changing people's sentiment. Right now, we're neutral. So, we were at extreme. You see,  we were here at extreme greed and now we're at neutral. So, the question is, what is it going  to take this dial from 51 to 20? Because that's when the correction ends, right? Okay.

20:13 Now,  the question then becomes, do I think that a measly little four grand, five grand move in  Bitcoin is going to do it? Absolutely not. So, that's out of the question, right? That's out  of the question. So then I say, "Okay, well what is?" And then I'd say like, "Would 72 do that?"  Probably 72, 72 could have some people scared, you know? Yeah, guys will be bricking themselves  at 72.

20:35 That's also the 200-day moving average, which is a massive marker for some TradFi. That's  why I think 72. That's fair. I have got opinions and I have read opinions from people that said  that we're going to go under 60,000. Like we're going to go and rip out those previous lows, you  know? I don't believe that though. How does the background that says crypto banter?

21:01 Can you make  it black or is it like impossible? I just like the blues is in my eyes like squint. You don't have  to do it now though. You don't have to do it now. Yeah. Let's see. Let's see what else can we  say. Dylan, have you traded on Variational? I haven't. Sir, very good DEX. I tell you  that much. But if you want better DEX, I'll give you one now.

21:22 Did Johnny do what  we asked him to do? Let me just, Johnny, let's see. Let's see if Johnny says. I messaged  him, but I think this, I'll show you guys where you can make some money today. Today, I'll  teach you guys how to make money. Free money. Okay. In the meantime, here we are waiting  for the Fed, listening to elevator music. Quite relaxing. Okay, so that's coming.

21:49 Don't worry, he'll be  here in 10 minutes. You got 10 before this thing starts. Can you, at the beginning of your stream,  you spoke about a false move that you see in FOMC? Can you bring that up again? Every single time,  sir. Where is my chart here? Here's my chart. So, just bring that up again. So, is it a false move  on the day that you're looking for?

22:05 What was that? What does that go? Every day. So, no, if you  go, if you take the move the like couple days before goes to FOMC, it goes exact opposite. So,  couple days before, this is daily, I think. This is a daily chart. So every candle is a day. So  if you look at if we were going up for before, we go down. If we were going up before, we go  down.

22:24 If we were going up before, we go down. This is on the daily. Okay. So let's go to our daily  if the pattern holds. I don't think the pattern is going to hold. We've been going down. So maybe  we'll go up. Then maybe my thesis thing must be finished. I mean, what is up, though? How up?  What are we talking about? Multi-day move higher. Yeah, multi-day.

22:49 You see this? It's all  days. We're talking about this is all days, bro. Every candle is a day. So, we've got like a  dream long zone. I must actually check with Dave, but like when I last looked it was a sweep of  79. So, 78.5 give or take. Wipes out a lot of liquidity and then gives us a little bit of a  pump there on BTC. So, this is the 2-hour. So, this is what I was talking about today.

23:14 We're a  little bit bearish now, but you see these lows, these market makers come and they take this  liquidity, they trap you. So, we're looking for that and that could be like a multi-day push  to the upside if we get a little dip here tonight. So, that's like we got midterm elections.  We have midterm elections in 5 days. Like, you got to think about all the different options  about what can happen in the midterm elections for 5 days.

23:35 My trading zone is day by day, literally.  Sometimes we trade for like 30 minutes, so kind of less interested. Dave's the swing trader. Yeah,  he might be more interested in a longer-term play there. But yeah, in terms of a long to lock in  tonight for me, 78.5 looks quite fun. I think tonight 78.5. I don't think we're getting 78.5  tonight. I don't know.

23:54 Unless we're looking at different coins. You're talking about Bitcoin. We  don't know what he's going to say in the speech, right? We can't assume. He doesn't say. Okay, we  do know. He's going to say nothing. He doesn't, he never says anything. Always comes out extra  hawkish and then everyone always comes out and says nothing and everyone bricks themselves.

24:10 But I  think they might be getting used to his nonsense. Yeah, guys, we got seven minutes. Hold on, Johnny.  Okay, Johnny. Johnny. Johnny. All right. Here, let me show you. So, you know, let me show you  what I was talking about while we're waiting, right? So, you know that, well, let's see what  CNBC is talking about. Okay, there's no one there. Okay.

24:32 Okay. So, you know that Hyperliquid had  one of the biggest airdrops of all time. Then we started farming Variational. We think that with  Variational, let me just quickly find that the trade here. Are you still showing my screen?  I can't see. Yeah. Okay. Let me just switch screens. So, we think that Variational is going  to do, we know it's going to be doing an airdrop sometime between now and the end of the year.

24:56 And  the trading fees are free, just so you know. The trading fees are free. By the way, guys, I told  you that my core position would eventually break even. Here it is. It's even again, which is great  because I bought a whole lot of Arweave today on another account. So, that one's now evens. So, if  you trade here, you trade with zero fees and you farm points and the points are worth between 30  and 100 bucks.

25:20 So that, that's Variational. Now, there's another one of these where you can  start farming points. Again, to farm points, all you have to do is actually trade. What is it  and how does it work? It's called TX Flow. You're very early to this one. If you start mining now,  you're part of season one. Season one gets the most points because you're the flow.

25:38 So, let me  show it to you. So, there's a link over bottom. Bottom. Move it to the top, bro. Okay. It's called  TX Flow. You come in there, you put the code banter, and you get a points boost. You can trade  any asset here. You can trade real world assets, etcetera, etcetera. It's one of the best  DEXes that I've seen. If you farm this, you're starting to get points immediately.

26:00 Like,  I got 4,000 points last week. If the points turn out to be worth anything, let me give you  a points multiplier just so that you can understand like how good the points are. So let  me show you this. Show you how good the points are here. So remember you got to start farming these  things early. If it comes out at a billion FDV, which is probably like where it would come  out, you're getting $6.34 per point.

26:21 Okay, that's $6.34 per point. I got 4,000 points last  week, which means in just my small trading, I got $25,000 worth of points potentially. So, I don't  know. If you want, if you're looking to farm or to trade, there's a link that below, use TX, use our  link because then you get the points kicker. What else? While, while we're waiting, because we are  waiting for Kevin Warsh, and we are waiting for Bitcoin and Bitcoin is waiting for Kevin Warsh and  Andre is shooting Instagram videos here.

26:50 Andre, let's get an alt entry from Dave. Let's get  a trade set up from Dave and then we'll talk about set up in the terminal. Yeah, you're going  to have to bring Dave's screen up there. That's mine. And then we can talk about the terminal. We  preset some, our AI here is not working so well. Hold on. Our hottest AI is not working so well.  We have to just, I've got to switch to the screen.

27:18 Okay. You can switch. Okay. Degen Dave screen.  Let's see what it looks like. That's Jesus Ding. Bro, bro, our audience, my audience here, they  don't know how to do so many lines on. We don't know how to do so many lines, bro. Look,  I'm looking if we get some kind of crazy dump first and we sweep those lows that Dylan's  talking about. I, I've got eyes on Injective.

27:44 We've got a point of control at 769. We got  a 50-day moving average right below that. And we also have a 382 fib from the MAX extension  which again there's a lot of talk there. But yeah, just ultimately looking for, you know,  whatever. Have you ever seen a chart like this, bro? This is insane. What the heck is going on  here? Jeez, I know it looks like magnificent.

28:12 You know when you drop your laptop and the  liquid leaks all over the screen and then look, it's all different colors. That's what it looks  like, bro. Is that a chart? This, the TA guys, the purists, they get like froth at the mouth  when they see this stuff. And the OCD people, my OCD is out of control. I'm reaching for my  silver balls that I can't find here.

28:29 My OCD is going crazy. What the heck is this? Now's the  perfect time. Okay, so Dave's got a setup on Injective. Uncle, is Injective still a thing or  is it going to zero? It is a thing. Yeah, it is a thing. It is a thing. Definitely a thing. You can  still buy it. Yeah, you can still buy it. I mean, yeah, this is your cheapest. Yeah, there's some  institutional stuff behind this.

28:49 But yeah, look, if there's a dip, I'm going to grab a long on  this one. If there's, bring me my other laptop there. Bring me the other laptop. I want to try  something. Bring me, yeah. Just bring, give, bring me the other laptop there on top of the  Formula 1 book. Just, yeah. Give it to, yeah. Yeah. Yeah. That's it. Bring, give it to me. Bring  me that.

29:10 I'm going to drop it quickly and see if this, if I break the screen, if it looks like  yours. Okay. Ready, steady. Okay. Bring it here. I'm joking. It was a book. Let's see. Yeah. Dylan,  I've got a cap for you, bro. Cap. I got a cap for you. Hold on. What do we got? I feel like it's a  trick. What's it say? I can't trade. Trade bigger. I like that.

29:44 I got a nice play. Is it from?  Do you want one of these? Yes, please. Open a Kalshi. Open a Kalshi account now. But you're not  in the States. I bet on VVV. No, but you can do, you can use perp, bro. And if you sign up with  a perp account, you get a cap like this. Anyone, anyone that signs up tonight gets a cap like this.  I'll make sure, I haven't pre-approved this from Kalshi, but anyone that signs up using this link  tonight.

30:11 I will send you a cap like this. I don't know how you wear this cap because it's big. Okay.  You just got to be more bullish and you have to have a big ego and then it will fit. It's nice.  Yeah, it's fine. Just be more confident. It's more like for like when you're going to the beach and  you really don't want to get burnt. This is what to think. Hold on.

30:31 Someone just sent me a thing.  Josh just sent me a thing that says the most insane chart he's ever seen. Oh, that he's talking  about the Chart Hackers chart. He's talking about Degen Dave's chart. Dylan, just show us your art  again. Just show us your chart again. What the heck is that? That is science in there. That's  all science. So, yeah, we got a blue reversal dot here on the oscillator.

30:50 We got the VWAP as  resistance. Looking for the sweep of the 618, possibly the 50 here with Monero. Scooping up  a long at 550. Okay, we're going to be live with. Do you understand what he just said  to you? Not a chance. Basically, just Dave, give the entry there. What's the number? What's  the buy zone? 550, guys. We're full. 550. 550 buy Injective.

31:13 Lock it in. 5% stop. Hold on. Is  the Fed not live? Are they late for their own meeting? They're live. Oh, they are live. So,  where's the link? Okay, here's the link. Oh, here he is. Fantastic. All right, here they come.  So, which, where should I watch it? Let's watch it here. You know what we should do? We should  actually break up the screen like we always do as a service to the people.

31:34 We should, we have the  talk here. We have the talk here. He's not talking yet. So, don't worry. You haven't missed anything.  Okay. And let's put the screen like that. And then we must get some three-minute charts going so  we can all degenerate the three-minute chart. The first thing in your chart is he going to  say good, good day or what is he going to say?

32:01 Good day. Told you this morning the FOMC  decided to maintain the target rate for the federal funds rate at 3 and 3/4 to  4%. In support of the Federal Reserve's dual mandate. Economic activity is expanding  at a strong pace. While uncertainty remains, owing in part to geopolitical developments,  domestic spending has been resilient, productivity growth is strong, and capital investment robust.

32:28 Job gains have kept pace with the workforce and the unemployment rate has changed little, but  inflation remains elevated. The committee believes that the accumulation of more information will  help it determine the policy stance appropriate to ensure a timely return of inflation to the 2%  goal. The committee will deliver price stability. At each policy meeting, my colleagues and I  assess the economy by looking out the window.

33:04 It's what we call interrogating reality to  gauge what's really going on. It's got a good, not a task that has grown easier. So what exactly  do we observe? Economic growth has strengthened. The GDP increase in the first half of this year  was revised up from an earlier estimate of 1.8% up to 2.4%. And the third quarter appears to have  brought an even more rapid advance led by healthy consumer spending likely running above 3% growth  and business investment, investment likely rising at about a double-digit pace.

33:43 Capital expenditures  are at a historically high share of GDP. High-tech investment is leading the acceleration,  but there's also been a broadening in other C categories, and these trends bear watching. What  about the jobless rate? The jobless rate is lower than a year ago, and payroll growth is noticeably  above last year's pace. The four-week moving average of unemployment insurance claims continues  to run at the lowest level in generations.

34:11 So on the employment side of the Fed's dual mandate,  conditions are quite positive. And yet Americans, of course, are still dealing with inflation that  has been running above the committee's objective for close to six years. It's our responsibility  to get inflation down. That's the reason the FOMC's discussion over the last couple of days  focused mainly on the price stability side of our remit.

34:45 Since our policy action in September,  we have started to see some changes in financial and credit conditions. Can you imagine how boring  their events are? They just talk about inflation for like 3 days. Much as we would expect, market  participants are becoming somewhat more discerning in their capital allocations. And while overall  financial conditions are tighter, I'm unwilling and unable to call them tight.

35:10 But broadly, these  developments go in the direction of achieving a longer, more durable period of economic growth  and price stability. Over the last couple of days, the committee had a good discussion of the changes  in the economic and financial landscape that marked this inter-meeting period. We discussed  geopolitical developments and fast-moving changes in technology.

35:37 We observed but were not surprised  that financial markets showed bouts of volatility and shifting correlations. So as we widen the  frame to survey the broad economic and financial picture, real activity is clearly pointing in the  right direction. That's good news. But inflation is too high. Energy and related prices have  moved higher again in recent weeks.

36:00 And our job is to ensure that relative price changes in some  sectors do not broaden out across the economy and that inflation expectations remain as they are  anchored. While these uncertainties are real, there's no lack of clarity in our purpose at the  Fed. Since becoming chairman just 5 months ago, I've been honored to work with FOMC policymakers  who are unambiguous in their commitment to stable prices.

36:35 We've made clear our readiness to act  as circumstances require and we have shown our willingness to act. Basically, the information  we receive over the coming period will help us determine where we want policy to be. And at every  turn, good or bad, our job is to get monetary policy right. And that's exactly what we're doing.  Now, with this objective in mind, we've decided on a change in our FOMC schedule starting next  fall.

37:03 Whoa. We believe eight meetings per year is the right number for the FOMC. But in 2027,  one meeting will focus exclusively on broad monetary policy strategy with neither a vote on  the federal funds rate nor a policy statement anticipated. The rest will be regular FOMC policy  setting meetings. And I expect that in 2028, we'll have two meetings dedicated to discussions  of strategy and six for setting policy.

37:32 Now, what's the reasoning behind this change? To me,  it's quite straightforward. Getting policy right involves assessing near-term developments at  timely, regular, and information-rich intervals. But it's equally important we reserve  time and space as an intellectually diverse group for strategic deliberations,  for thinking anew about big questions, looking out over longer time horizons, focusing  as I say on the left side of the decimal point.

38:11 I believe the setting of the meeting schedule and  agenda is more than some administrative detail. It's an institutional choice affecting the  nature and the quality of our deliberations and ultimately the wisdom of our decisions. It's yet  another change to get the conduct of monetary policy on the right track. I appreciate your  attention this afternoon.

38:30 Now, my time is yours and I welcome your questions. I love his script  writing. He's got George Bush's old script writer writing for Kobe Smith with the New York Times.  There's been essentially no progress toward the 2% inflation target. The labor market remains stable  as you suggested in your opening statement and most of your colleagues seem to be on board with  raising rates in December.

38:52 So why not just raise rates today? So it's a good question. I will  say I read your stories the last day or two, so I must admit I sort of saw, saw that question  coming. What I said in my prepared statement was information coming in the coming period  will help us tell us where we want to be, but I suspect you want a little more than that. So  let me give it a shot.

39:17 Ensuring price stability, Colby, quashing inflation is not about some fixed,  individual date on a calendar. Same way it's not about some isolated data point. If it were about  those two things, this job would be easier and we wouldn't be suffering from nearly six years of  inflation above target. So what's this about? It's about ensuring we have clear objectives  and it's about a monetary policy strategy which might sound to your ear and others like a change  from the last several years.

39:52 So let me step back. In the 5 months or so that I've been around,  we've put in place what I describe as new monetary medicine. Well, what's been in that  package of medicine? First thing we did when we showed up with my colleagues is we doubled  down on the 2% inflation target. We said, "We own it. We're taking responsibility for  it. And if you think that we're tolerating some inflation target somewhere in the twos, let  us disabuse you of it."

40:24 That was the first part of this new monetary medicine. Second part is  we took responsibility. No anguish of central banking here. No blaming others. It's the third  thing that we've done. We laid out for you and the world our framework. I did it in Jackson Hole.  Was part of the discussion the last couple days is the framework that many of my colleagues to as  well.

40:46 This is how we think about how monetary policy should work. These are the transmission  mechanisms and this is how we're going to deliver. Then what do we interrogate reality. We do  that periodically. That's a very useful thing to do. But we don't just talk, we act. And so in  September when we last met, we acted. We removed a dose of accommodation.

41:10 So what are the signposts  about how this new strategy is going? Inflation compensation as measured by swaps prices, many  other measures. Inflation compensation is going in the right way. Inflation expectations, the world  is quite unsettled. If you'd say absent the Fed, what would have happened to expectations? They  might have gone the wrong way.

41:32 They've gone the right way, too. So, I feel good about those  signposts. The period right in front of us is information-rich. There is a lot that's happening  in the world. My colleagues and I are keen to take notice of it. So, in this coming period,  what do I think we're going to be able to do? We're going to be able to figure out what's the  appropriate protocol as part of this package that we started to deliver five months ago to deliver  price stability.

42:00 I'm encouraged by the progress we've made in a short period of time. But if the  crux of your question is you haven't delivered yet, you haven't achieved price stability, you're  right about that. But we're working on it. Wow. Thank you, Chair Warsh. So if I could,  this statement says that the accumulation of more information will help the committee  determine the policy stance appropriate to ensure a timely return of inflation  to the 2% goal.

42:30 Does that mean that the current level of the Fed funds  rate might already be the right one? Well, we got to determine the appropriate  protocol with Warsh talking. If you were listening next to me in that room the last  couple of days, the overwhelming consensus, the overwhelming judgment is that what we've done in  this monetary medicine is starting to work some, but there's no firm conclusions.

43:02 If we had a firm  conclusion about the conduct of monetary policy, we'd announce it to much fanfare today. What  we decided to do was to Colby's question, take stock of where we are, evaluate what we're seeing  out the window, ask ourselves whether the period right in front of us is likely to provide more  clarity on the appropriate protocol. My judgment, the judgment of my overwhelming number of  colleagues is that it would.

43:27 Steve, please. Mr. Chairman. Before, thanks for taking our  question. Before the meeting, several members of the board and the committee went out and told  us that it was going to take more time and that had a profound effect on the outlook for the funds  rate. Were you involved in discussing that message with them? And if you don't mind, I'm sorry, but  a protocol question.

43:56 What will be the disclosure public disclosure on the meetings where you're not  going to have a statement? So, two questions. I'm sorry. So, two questions. Did you not hear the one  question rule? I did, but I thought there was like a protocol thing I could do. I would, that was  like a parliamentary procedure question you were asking. That didn't count.

44:15 I hesitate to indulge  the second question. I fear what it would do. But let's, let me see if I can do it and not have the  slippery slope among us. Your first question was about my colleagues. I've got 18 quite independent  colleagues. If you were inside that room the last couple of days, you would come to believe that  to be true. One way to test the independence of my colleagues is, I don't know if you've heard,  Steve, but I don't submit a dot.

44:40 I don't plan on submitting a dot, but the 18 of them do to suggest  somehow that I am some kind of all-knowing person sending messages out that that's not the committee  of the FOMC that I know. These are serious, sober, responsible people. We had a serious, sober  discussion. So that's the answer to that. On the parliamentary question, which doesn't count  as a question, I'll just say this.

45:06 We've made a decision that at that strategy meeting in '27  and the two strategy meetings in '28. I do not anticipate making any policy decision, putting  out a policy statement. But what might we come out with? It's not obvious yet. There's more news to  come on that. The decision on the new format for the meetings is relatively new. It was a robust  discussion over a couple of meetings of how to handle that as we get details of that which are  still now not until next fall.

45:36 We'll be prepared to share them with you, Nicole. Hi, Nicole Gen  with Barren. Thanks for taking my question. In September you mentioned that the Fed has a role  in sustaining the economic progress happening in America right now and in the rising opportunities  that come with it. I'm wondering if you can expand on whether you see this as a mandate and how you  intend to fulfill that mandate.

45:58 So the mandate was given to us by Congress. The mandate was deliver  stable prices and deliver full employment all in the context of financial stability. Now, they  gave us some other homework to do on supervision and regulation and payments, but I presume you're  talking about monetary policy. So, what's the best thing we can do in this environment looking at  our window to deliver on that remit?

46:22 Ensure stable prices. I mentioned, I think at a prior press  conference, if you were trying to do the most harm to the least well-off among us, you would let  the last six years of inflation above the Fed's target, usually well above the Fed's target. You'd  let that continue. So, that's the most important thing we can do as we look out the window. And  that's what we plan to do.

46:46 You probably heard me say this, we will deliver price stability. No ifs,  ands, or buts, and that continues to be the case. It's not saying much. Eleanor Mueller with 74  wanted to ask you about the working groups when we can expect the reports to come up and if there  is anything you can preview for us whether it's on AI or data or balance sheets. Sure.

47:09 These five  task forces are hard at work. I have scarcely seen anything that would constitute a final report, but  I have done some periodic check-ins with them and I am impressed by the rigor of the intellectual  discussions, by the seriousness of the task that we've given them. Now some of the questions that  I ask to kick off the reports, they want to answer those and answer a whole range of other questions  which might go to other task forces, but I'm impressed by what they're doing.

47:44 I gave them, like  I told you, a year-end deadline. I think some, but not all of the groups will probably hit their  deadline and turn their homework in on time. But that just begins the process by which we're going  to be consuming, which is intellectually serious work. That's a catalyst for us to think anew about  productivity and jobs and an inflation framework and what's the best data to help us do our job.

48:09 How to think about the balance sheet task force. These are huge intellectual investments  that I think are going to bear fruits in the next policy conjunction. Unlikely to find  their way into this policy juncture given the important role as consumers of these ideas that  my colleagues have. But I will have one small, I previewed this when I was at an IMF meeting  much to the chagrin of some of my colleagues around here on November 16th.

48:40 The productivity  and jobs task force will be doing a field hearing, inviting a broad range of people who have strong  views. What are the implications for jobs in the economy near-term, medium-term, long-term? Is  this a productivity miracle that's going to happen or will it happen slowly? I know I for one  am keenly interested in refining my own views on that question.

49:05 But that task force decided they  wanted to hear from more people as part of their undertaking. I plan at attending. I might have a  few words to say at the outset of that conference. I expect the conference will go three, four hours.  It'll be pretty wonky stuff. I don't know how good the material will be for the likes of you and  your colleagues. But it's a purpose to do a lot of listening for me to interrogate the reality in  front of me.

49:26 What do experts in their fields think about this? What are the implications for the  dual mandate that I referenced to your colleague? Is this going to make it harder or easier for us  to achieve price stability over the next several years? I've got a good thought for you guys  while I mute him. Right. This is 49 minutes of your life that you'll never get back.

49:50 It's  wonderful. Exciting. James Rosen, thank you so much. Thank you, Mr. Chairman. James Rosen with  Newsmax. You spoke of interrogating reality. Since reality is a no-show here today, I'm going  to satisfy myself with interrogating you. You spoke earlier in your remarks here today about how  your colleagues are serious and sober people who are committed to price stability.

50:15 In an event  in the Oval Office on October 7 of this year, President Trump said, and I quote, "Kevin  is great, but Kevin's one vote out of a board with numerous people that were put on  by Obama and Biden and a couple by me. So, you have a board that would like to see the  country do badly in my opinion. Do you agree with those comments?" So, James, I appreciate  the question.

50:35 I'm not going to be responding to quotes from public officials. What I can tell you  is my experience in five months here. We just came out of a heck of a family fight. Serious, sober  discussion. I think we came to the right policy decision for this moment. And I'm honored to be  here and honored to be the chairman of this group. Chairman Wel Sakapuro with Bloomberg News.

51:07 So the  economy is strong, inflation is well above 2%. You're saying inflation expectations are going the  right way, but surveys show that households expect inflation to remain above the Fed's goal and not  just for the short term. You didn't hike today, aren't waiting for more data. I haven't really  heard the clear arguments as to that decision. So do you worry that with today's decision,  households may not believe your pledge to bring down inflation clearly and at sufficient speed  and instead will read this

51:38 decision of holding rates steady as a sign that the central bank has  in fact a soft inflation target? Yeah. So what I can do is tell you there's no soft inflation  target. There's no implicit inflation target. There's a target of price stability and it's  2% as measured by PCE. It took six years to for inflation to have the effect on consumers  that you reference, but I would say this, when consumers interrogate reality, they look  outside their window, too.

52:12 They go to the gas station, too, and they see that prices are  up. I am not going to be the guy who says that oil prices haven't gone up, and when they  fill up their tank, they don't see it. And so inflation's gone up in expectations in the very  near term because they're doing what we're doing, interrogating reality. But if you look out over  the horizon, if you look at most, but not all, measures, what you see is households, businesses,  financial markets, they have the confidence that they should have that this

52:48 central bank will  deliver price stability. Edward Lawrence. Thank you, Mr. Chairman. Edward Lawrence for Fox  Business. So, do you see a direct line correlation between oil prices and the inflation we're seeing  in the United States? And if so, how fast could inflation fall or react to falling oil prices? So,  I don't want to engage in hypotheticals, but I can look out our window and see what's happened.

53:13 There  had been a stable correlation between oil prices, they've moved up this year generally, and interest  rates, not the interest rates that we control, but interest rates set in the market. That correlation  has been quite strong until very recently. We've seen oil prices continue to move up largely due  to geopolitical events. We've seen crack spreads between oil and refined products continue to stay  elevated.

53:43 But what's happened? Interest rates have rolled over to the downside. I'm not a Wall  Street newsletter. I'm just telling you when I look out the window over the last several months,  that is what we've seen. To the extent that oil prices were to move lower, again, probably due to  geopolitical events, that's something that we're going to have to interrogate.

54:10 What are the effects  on the Fed's dual mandate? What are the effects on financial market prices? And what are we going  to do about it? But that's a hypothetical. And in fact, if we look at financial market prices,  futures prices for oil, they've moved up over the course of the last several weeks. And I  can't help but take note of that, too. Claire.

54:38 Thank you. Claire Jones, Financial Times. Much of  the growth that we're seeing in the US economy now and quite a bit of the inflation too is coming  from the AI boom. There's quite a lively debate as to whether or not, you know, this is a part of  the economy that's sensitive to interest rates in the same way as say housing. I'd love to get  your sense of, you know, do rates need to rise more given that so much of the US economy now  is about AI than it otherwise would if say, you know, housing was a bigger part of

55:11 the  story. Thank you. Thank you, Claire. So, there was a narrative for quite a while, maybe  even in this room over the course of the last several press conferences. Well, they're going  to raise rates or talking about raising rates, but it's not going to have any effect on AI  because the returns that investors are expecting are so different. I was skeptical of that view.

55:32 Interest rates get in the cracks. Interest rates affect directly or indirectly almost everything.  And what have we seen since early September? What we've seen inside of the technology  complex. Outside of the technology complex, I think enough torturing us. The guy's torturing  us. Time. Guys say nothing. The price, the markets aren't moving. We're out of here, bro.

56:07 Guys say  nothing. The markets are not moving. Or is the market moving? Degen Dave, is there like something  moving on your charts? Like anything? Yeah, I, we're getting some a little bit of green with some  of these alts I'm looking at. I mean, I kind of sense we're going to get some kind of green rally  after he's done and then maybe Asia sells it.

56:21 So, you think short-term green and then Asia destroys  it in the morning? Let's actually go to the bubbles and just go live on the bubbles because  you can actually see it. We've got the Microsoft Google AI trade still hanging around for later  on. So, some of these AI alts might rip a little bit as well and then maybe sell on that. Yeah.  Yeah. Yeah, that's true.

56:41 I mean, I'm watching the bubbles. You can actually look at the stock  bubbles in real. Look at Oracle up $145 today. Wow. Yeah. I mean, it's a pretty dull day and I  don't think he's pretty much saying anything. So, I don't know if there's much of a point in staying  on. While I'm here though, while we're all here, I want to just remind you guys that if you have  a Banter linked Bybit account, Blofin account, or Toobit account, you can go and spin the  wheel.

57:06 And if you, if so, for example, you see, I've linked my Bybit account here. It works out  based on my volume. It works out exactly how many spins I've got because you get one spin just for  making a deposit and then you get a spin for every $25,000 of volume that you do. What can you win?  You can win an iPhone Duo, the new iPhone Duo, which is going to be an amazing trading machine.

57:25 You can win trading bonuses into your account. So, like it's told me now I've got 31 spins. I  mean, I'll spin it. You'll see it'll go to 30 spins. I got, I won $10, which will go into  my Bybit account. I go, okay, no win on that spin. Let's press spin again. If I win another  $10. So, it's so simple. You just go here. You link your account. So, like if you're on Blofin,  you just link your account.

57:47 Log. You log in. You link your account. If you don't have an account,  just go over here and link your account or sign up or get a deposit bonus, link your account,  and then you can spend literally every day for a long time until we decide one day to switch us  off and there'll be amazing prizes here. So go and try and do that. What else? I see Ethena Pay  came out or something today.

58:04 Ethena Pay has got, they've just launched their new product with a 12%  earn. So that's the, that's their card product, their card and app product. 12% rewards. That's  insane. Imagine, imagine you buy a plane ticket and you get 12% back. You book your accommodation,  you get 12% back. That's, this thing's still going down. Are you bullish on this Ethena thing?

58:25 I love  Ethena. I think if, when the bull market comes, Ethena is going to be the number one. Eh. Okay.  Wow. Yeah. Earn 12%, 12% earn. It's not. Yeah. It's 12% rewards. Holy moly, bro. Crazy. Why don't  we show them the terminal quickly where they can access some trades? I mean, just go to InsertTrade  and I think from next week we're going to go all in here.

58:50 There's going to be trading rooms here.  It's going to be insane. So, I think next week we'll show it to them. This is our trading  terminal and next week we'll actually show you exactly how it works. I mean, I've got a live room  in there if you want. It's open. Anyone can jump in. There's a room here and it's live. So, click  on the live. So, I've opened this for a short time just to anyone.

59:07 And what we're doing is live  trading today. And then we got trades obviously from the streams that we do. And we've got a ton  of preset orders from myself and the team that you can literally one-click copy now. They're sitting  in the trading room. So, just go in there. Yeah. You connect your exchange over here. You connect  your exchange. Whatever exchange you want to connect, you can connect.

59:28 And then you can just  literally follow Dylan's trades, whatever size you want. And it shows you all the people who have  taken the trades, how many of them are profitable, what the leaders are, etcetera, etcetera. Join  Dylan's room. It's InsertTrade. Next week, we'll have 10, 10 traders live in this thing. It'll be  amazing. Yeah. All right, family.

59:41 That was a bit long and boring, and I'm sorry I stole an hour  of your time, but I mean, that was Kevin Warsh. I mean, that's what it was. But good to see Degen  Dave here doing his art and his like, I mean, I don't know what you call that. It's not trading.  It's, what is this? Crash. What? Sorry. What is this? The laptop crash. You drop your laptop and  it just like the ink goes everywhere.

01:00:02 You'll be surprised what that mess can create. I know. He  wins all the trading tournaments. Makes magic. He wins all the trading tournaments. The guy wins all  the trading tournaments. He wins. Who would have thought? Who would have thought that mess can make  money? Okay, there you go. Andre, Andre, come. Okay, let me explain to you how this works.

01:00:28 Okay. That's the laptop. That's the internet. That's  the screens, right? You want to share the screen, you go screen. See screen, screen. Yeah.  Okay. So, that's how you share the screen, right? Okay. That's how you unshare the screen.  Sure. That's how you share. And you can just flip, flip between tabs. Okay. Okay. From now on,  it's your show. Where are you going?

01:00:46 Home. Put it down. Okay. So, put this in your  ear so you can hear Dylan. And you guys like this. Put that in your ear so you can  see Dylan and Dave. Now it just became the Andre show. You got 2,000 people watching you.  Yeah. If you want a more funny and handsome Ran, you got me. So, let's go. But I don't think I  can hear anybody. You should be able to when, yeah.

01:01:18 Dave, Dave speak. Yeah. Dave speak.  Yeah. Oh, no. I can hear him. Just very, how do you hear this thing? They're so, hold on.  Let me help. Help me here. Okay. So that you put this in your ear like this. Okay. And then you,  if you want to turn it up, you can turn it up here. Okay. Okay. So you drive. You know what? You  know what you're doing, right?

01:01:34 Yeah. Yeah. Sure. Sure. Sure. I'll see you tomorrow. Bye, man. Have  a nice day. Bye. Let me see the other screen. Oh, Dylan's sure. So, it's just me and Dave. What  up, man? What up, David? I haven't talked to you since Singapore. Actually, I want to see  your charts. I would like to see an explanation of the charts please. Yeah, sure. I just here,  making fun.

01:01:58 I want to actually understand them. Bro, I left you here to give them an alpha. I'm  getting messages on my phone. There's no alpha. No, get David to explain the charts. You make  final charts. I want to understand them. So, if you want to switch to David's chart, you go  like that. You see that's his chart. That's, oh, you didn't say that. You never mentioned that.

01:02:29 Okay, cool. David, now, now we can actually see them on the chart. I'm going home. Tell the people  I'm going home. Okay. Cheers. Ran's going home. So, we're going to just keep it for like five  minutes. Let me see what the people actually think in the chat. So, what's up, man? Are you  bullish on Ethena as well? Yeah, Ethena. Yes, they actually did an announcement today on Ethena Pay.

01:02:48 I think they're, they, if you see me, they kind of bundle announcement together. So they do like  one and then they roll out like a few over one, two weeks. So I think they're going to roll out a  bunch more. Okay. Yeah. I mean it's looking like a short here though. Maybe it's a, I know they had  that announcement which is this little pump right here.

01:03:08 But we've got the 50-day moving average.  We got point of control. We've got the hacker zone. We've got some kind of downtrend here. So  I kind of suspect we get some kind of pump here and then Asia sells it. I don't know. Looks good  though. I got my eyes on this level here at 2078. 2078. Just a short-term scalp kind of thing.  Yeah. Do you have LIT?

01:03:29 Somebody's like asking about LIT. I actually like LIT a lot on the long  term. But yeah, don't look at a short-term charts, but LIT on the long term. I think first the  unlocks. I think they're going to be bought back. Not bought back, but like they're going to  sell them OTC probably to other investors. And I think the Robinhood integration is going to happen  in 280 days starting from next month.

01:03:51 So you have basically 180 days to 280 days starting from next  month after they apply for the CFTC license. And then all the news for the Robinhood license and  the Robinhood integration is going to happen after that. So I'm quite bullish LIT longer term. I'm  actually looking to accumulate. Yeah. Yeah. Nice. Nice. Well we actually gave a LIT short last  Thursday during the chart request there on my channel.

01:04:17 And the short is, was pretty much bang  on there. It's, I guess, dropped 20% since then, but I have eyes on flipping long right here at  264, 264, 26, 264. So maybe that aligns with kind of what you're talking about with that news  or that update. And yeah, we have a MAX extension 618 here. So I've got a fib from the absolute  low to the absolute high.

01:04:38 I love how we have this hacker zone. This is what we call the hacker zone  in the Chart Hackers. This little pocket, two, two blue lines here, and then we've also got a  point of control on this range volume profile. So, I think that would be the banger. And then,  yeah, maybe that's what really kicks on here for a big measured move. I mean, if we break that,  if we hit the trend, that's 30%.

01:04:58 And then if we make our way up to the 50-day, 60% move and then,  so, you expect a short-term basically drop to that level and then a pick up from there. Yeah, that's  kind of what I would prefer. It's just under a lot of resistance at the moment. We've got this VWAP  here. We've got point of control. So, when price action is kind of drifting below that this red  line here, this is a level of resistance.

01:05:25 So, kind of expecting price to kind of just find  its way here and then I think that's where the banger is. So, I think that's a very good entry. I  agree for the long term for me for like DCA. Yeah, I think that's a very good entry. Yeah. Yeah. So  yeah, that's LIT for me. There, there's so many charts asking. So let's do one more. One or two  more.

01:05:48 Okay, sure. And then we're going to end the stream because we have to wrap it up. Somebody's  saying AEX. Do you have anything on AEX for us? Actually have nothing on AEX fundamentally. So  I have nothing on the fundamental side. So only, only technicals on this one. Yeah, I haven't  looked at it in a while. So I was looking for some kind of bounce in this territory.

01:06:13 I guess  whenever we had the last request which was 10 days ago. So this long idea was invalidated here.  So we'll clean the drawing board a second. Was looking for a short ultimately if we got into this  territory. So never really got that spike. But it's under the point of control right now. We're  under the 50-day moving average which is kind of a bearish thing here.

01:06:37 But we do have kind of a macro  rising trend in play. And I've got that drawn from the 18th of August with that second touch on the  16th of September. And then this would also kind of align with a 100-day moving average and value  area high or let me see is this a value area high or low? Yeah, a value area low. So, I think  a really good long would be kind of in this territory here.

01:07:02 So just eyes on the 100-day moving  average. So, let me zoom in here and get that for you guys. So it kind of just, this is the zone  here. And I would say that's going to be right around 863 down to this value, you know, value  low 100-day moving average and yeah, there's some signs of wanting it, you know, a bounce that's  needed here. We got a bullish divergence on the 6-hour time frame.

01:07:26 Let me check the other higher  time frames here and see if there's other signs of bullishness. Daily bullish divergence, but it  was completely ignored. 12-hour was completely ignored. Hidden bullish divergence on the daily  here. 3-day still curving down. Weekly looks kind of top either. Okay. Well, we'll do one more. One  more. Let's see in the chat, guys.

01:07:45 If you want it, this is the last one. So, put it in the chat now.  I'm going to look now to see what will be the most interesting one that I think could be nice. I  see Hyperliquid a few times. Okay, let's look at hype. Let's look at hype because I think hype has  something fundamentally going for it and I think has something fundamentally going for it.

01:08:04 I see  Worldcoin also, we can't do it, but we're going to talk about Worldcoin probably on tomorrow's show  or like in a few shows after with Ran. So, let's look at hype. Yeah. So, we, so, I've got hype  here. That's kind of tying into what I was looking at with LIT and AVAX, right? We have this 100-day  moving average acting as a bounce zone, right?

01:08:20 So, nice to see hype bounce off of that so far. We've  also marked out this horizontal here and, looks like it is a nice little zone to pay attention  to. But one thing that we can see is that we have the 50-day moving average and this anchored VWAP  from a high coming in together here. So there's a high probability that if price action finds its  way here that we will get some kind of pullback.

01:08:51 You know whether it's a small pullback and then  continuation or an actual pullback like this. This is definitely a zone to pay attention to. So if  you're in a big long for example I would say 85, 85. Just make sure to pay yourself something. The  other thing we can do too is we can also draw, you know, some kind of top trend here and see  how that's looking, you know.

01:09:10 So ultimately if we play this trend that would be kind of an ultimate  target. Let me draw, get the full fib here. So I like that, you know, if you take a fib from the  absolute high to where it's currently reversed, you know, when we have a hacker zone situation  tying in with the trend line here that's kind of, you know, the bullish bias as far as  the target goes.

01:09:30 So kind of looking at $90 in the short term if we could really get  some, some bullish momentum here. But again, a lot of resistance in this territory here. And  what we want to see is like a pop above that and then a retest as support and then continuation.  So that's kind of my two cents on the fundamental side. I think hype, I do agree with going for  the 90 cents, $90 target because we have the Anthropic IPO and it got listed on Hyperliquid.

01:10:02 Hyperliquid is also pushing for regulations in the US. And if you remember, remember how well  hype did when the SpaceX IPO happened. It was all buzz. It was all over Bloomberg. It was  all over every terminal. Everybody was like guessing if the price of SpaceX was going to  come exactly as the price on Hyperliquid was shown and it created a lot of buzz and momentum  around Hyperliquid plus the trading volume that comes from actually trading Anthropic for example  now and hype previously.

01:10:29 So I think hype is quite aligned on both sides here. I think it's one  of the coins that's loud on both sides. That's awesome. And I had no clue of that, man. So I can  appreciate the fundamental alpha there. So yeah, guys, pay attention to hype. Yeah, I think that's  all for today. I see there's a bunch of charts, but it's quite late here, so we're going  to wrap it up here.

01:10:53 Yeah. Cool. Andre, how do I end the stream? You want to end the  stream? Yes. How do I do that? I have no, tell everybody bye-bye. Like, subscribe,  and see you guys tomorrow. Cheers.