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Happy Wednesday, everyone, and welcome back to another episode of Trading the Markets. I'm Bijan Maleki, and of course, I'm joined by Chris Bullock. Guys, before we get into our trade ideas of the week and, you know, breaking down the cycle and looking at some charts,
I want to remind you all that we have just under a week left of our Trade Ideas competition. So if you haven't entered yet, you still have some time. I would say now is the moment that you should be swinging for the fences. So enter some trades. The winner, top prize, gets a one-on-one with Raoul. So that's a great prize to have. Sit with the man himself and pick his brain and
talk to him one-on-one and we're giving away some merch as well as some other prizes for people that, uh, that place on the leaderboard. And, uh, after you check out our episode today, definitely head over to our website. If you are an RV pro member and check out our newest, uh,
edition of macro meets micro where andreas breaks down his portfolio and how his trades are doing another fantastic episode uh and then also want to remind you all we talk about this all day every day in our discord so if you're not in our discord go and join us now and you can take part in the conversations live and uh just you know pick pick
the brain of the hive mind and see what fits your portfolio strategy. And of course, if you have any questions that you want Chris to discuss live on air, any charts you want us to look at, any coins you're interested in playing into, just drop your questions either on the platform or on X, and we will take as many as we can. Chris, happy Wednesday. How are you doing? It's a different
It's a different vibe from our Monday show. We were discussing that off air. But how are you doing today? Doing much better than Monday, actually. Things are great now. Yeah, before we get into that, though, I wanted to kind of piggyback on what you said about the Discord.
I've been in, I don't even know how many dozens of discords over the years in crypto. And I got to say 99% of them are, I don't want to say garbage. Some are better than others, but like most of them, there's just no depth to them. You know, it's just a bunch of randos kind of posting memes and posting silly stuff. And there's not really any quality engagement. Half the time there's nothing.
There's idiots, you know, saying nasty comments to people. People are just generally not very nice to each other. And when I, you know, stumbled on the Real Vision Discord, it was like night and day better. It was like a whole different world. It's far and away, you know, the best crypto community I've ever been in.
anywhere by far. I mean, everybody is super nice, super helpful, very respectful towards each other. There's quality discourse. I mean, it's like you're a family and you feel like it instantly and everybody's super welcoming there. And so I know when it's easy to say, oh, they have a discord. Oh, that's cool. Who cares? But really, it is like it's far and away better than anything else. So I encourage you to join and get in there and
start engaging. If you're looking for like a community, if you're navigating this crypto journey on your own, or, you know, you don't have a lot of friends to talk about this with, you really need a support system. And unlike a lot of other discords, you can get that support system in the Real Vision Discord. It really is that. It really is amazing. And you will be so much better for it. And you will make so much better decisions.
You just need somebody to have a, you need to have a sounding board, you know, to bounce your ideas off of and to make sure you're kind of doing the right thing and to have that sort of check and balance. And you get that from this Discord. You really do. And so, yeah, I just, I really wanted to kind of hammer that point home because it is different. It really is different.
Yeah, very well said. You know, just a prime example that really is a very recent one. We had someone just join our discord from the pro from pro pro member just joined our discord. And she was asking about her portfolio. You know, she gave the breakdown of what her portfolio held, was asking for some advice on what they should do and, you know, kind of went into depth in some different scenarios of what they were thinking. And.
And the amount of responses she got was just fantastic. She even responded back that she was almost brought to tears, essentially, with how supportive and how many great responses she got from that. So that's the kind of stuff we're doing, right? We're helping you take control of that financial future. Yeah, you'll get that in the content, but our members are watching that content as well, getting their own ideas from it, having those discussions. And it's just...
Honestly, it's just great to see. I posted that Michael Scott meme of like him proud crying when I saw that. So just absolutely love it. Keep it up, everyone. We love to see it. And if you're new, don't be afraid to ask anything, even if you think it's a dumb question. I've been there. Listen, nobody asks dumber questions than me. So just go ahead and just type them in and you'll be just you'll you'll be surprised at the type of responses you're going to get and how helpful they actually are. So, yeah, I mean.
Join us, guys. We're here for you. So, yeah, let's dive into it, though, and let's dive into some of the content that we have for you today. We got some charts to look at. So, Chris, why don't you tell us what's on your mind as we hit this midweek?
So, yeah, a couple of things. I wanted to kind of take a fairly zoomed out approach because we've had a lot of volatility over the last couple of weeks with, you know, all of the quote news driven events that have been going on. And it's shaken a number of people out. And so usually when that happens, it's.
I think it's really important to kind of just take a zoomed out approach, look at everything on the weekly timeframe and, and get a sense of just actually how healthy is this market overall and what, what's really doing well and what isn't, because if it's doing well on the weekly timeframe, then it's doing well, it's doing well overall, you know, I mean, anything can have a, have a few good days or a week or so here and there, but if you're in a solid uptrend on the weekly timeframe, then, then that's all that matters. Then, then you're winning, you know? And so, um,
Really, I kind of wanted to start off with Bitcoin, looking at it, because we've had a bit of a significant shift here that I think is worth pointing out. And that is really, you know, this red line is basically drawn at, well, it's not quite the 100,000 level. It's technically almost 1,000 or 100,000, 101,000 rather. But the point is, earlier in the year and coming into last year,
You can see we basically had trouble getting over this hump. We would come up to the 100,000 level, basically get rejected. We'd have like a false break where it would close one week and then immediately drop back down below it the next week. And then again, it happened. We had another false break here in January where it managed to close above it, but then immediately again blew right back down below it and just kind of went down from there and was down only. And so now that we've come out of the April lows, you can see that we've actually...
uh, you know, achieved, uh, basically we've blown through the a hundred thousand dollar level. And now we're on, what is this week? I want to say eight, we've eight weeks now we've held this level and you can see, we've come down and tested it a number of times. We have a wick here, a wick here, uh, you know, a wick, a close right at it. And then a little bit wick below it again. And for eight weeks in a row, now we've held this level. We've, we've officially flipped, uh,
the $100,000 level from resistance back here to now support here. You know, we successfully retested it a number of times and have bounced off of it. Now, granted, we haven't gone on to set new all-time highs. What we did kind of briefly, you know, at the end of May,
or in the middle of May, but nothing really substantial. We've not like broken out yet. But you could argue that, you know, 100,000 or 101,000 is now kind of the floor that we're looking at. It's now sort of cemented itself as the floor, which I think is a really strong sign. And then if you kind of zoom out a little bit more, you can see here, I've drawn this long-term trend line going all the way back to like basically November of 2022, or really the start of this current four-year-long Bitcoin cycle that we're in. And
you know, we're holding this trend line very well. I mean, yeah, we deviated a little bit here. We came down, we touched it here. We came down, we touched it again in April. But, you know, we've since bounced off of it again. And we're continuing this just nice, steady, gradual grind upwards with Bitcoin. And nothing is broken here. You know, I've seen a lot of people say, oh, well, we're doing this double top thing, kind of like we did back here in 2021. I don't see that at all. Frankly, I don't think that that's
It's, you know, a likely, sure, it's a scenario, but to me, it's by far not the most likely scenario. And I think, yeah, I mean, I think that everything looks great. Another thing we have here is this thing called the bull market support band, which is these two levels here. You've probably heard me talk about it before. It's these two moving averages with this cloud in between. And what these are,
are basically two weekly moving averages. So the red line on the bottom in this case here is the 20 week simple moving average. And then the green line on the top is the 21 week exponential moving average. And this indicator stays fixed on the weekly timeframe all the time, no matter what actual timeframe your chart is on. So if you change it daily or hourly or whatever, these two lines will still show up as weekly intervals on whatever chart.
And one of the things I use to gauge the overall health of any chart is if, one, if price is above this bull market support band, and then, two, if the band itself, if both of the moving averages that make up the band are pointed in an upward direction. If you have that scenario where you check those three boxes, then you're jamming, you're rocking. And there's actually not very many...
assets right now that can make this claim where their price is above it and both moving averages are pointed up and to the right. And so I wanted to get into this because we had a member in our Real Vision community in the Discord. I was talking about this over the weekend in the Discord. And one of the community members took it upon themselves to create this really amazing website
called Bull Market. It's just bullmarketsupportband.com. You can go to it right now. It's live. Anybody can use it. It's free. You don't have to sign up or anything. You just pull it up and it's there. And what this is, is basically the top 100 cryptos by market cap and any of the assets that meet those three boxes, you know, that prices above it and
both moving averages are pointed up and to the right, it shows a green next to it. And if it doesn't, it's got a red. And so you can see out of the top 100, only 20 right now are actually in a weekly uptrend, basically. And so the cool thing about this website too is it auto refreshes. You don't have to do anything to update it. You can actually search for something. Like if you don't want to sit here and stare at this list for a few minutes to try and find yours, you just start typing and...
It'll quickly filter it out and it'll pull it right up like that. The other cool thing is if you mouse over any of these,
It actually pulls up the actual trading view chart, and it shows you the two bands. They're not colored and shaded like on the actual trading view chart, but you can see the two moving averages there. You can see that they're pointing up in this case. It also gives you a quick little summary. The 20-week's rising. The 21 is rising. Price is above the band. Everything's healthy in this case. And so I love this because this is like...
It's just such an easy, quick snapshot to gauge how well the market's doing for one. And then two, um, to gauge, you know, if the assets that if you're holding the right assets for one, like you want to be holding stuff that is in the green, obviously. And if you're holding stuff that's in the red, uh, you need to seriously assess why, you know, you're continuing to hold it. Um,
And yeah, again, it just makes it super easy to know, hey, I'm in the right stuff. This is the stuff that's doing well or not. And I love this. It really can be this simple. Like participating in crypto can be this simple. You want to hold the stuff that's in the green and you don't want to hold the stuff that's in the red. And kind of simple as that, because anything that's in a weekly uptrend is showing up.
kind of outsize strength over a longer period of time. And it's, you know, that's what you want to, those are the horses you want to bet on is that. And so, yeah, this is amazing resource. And this is the kind of stuff we get from the Real Vision community. You know, I brought this up on Friday. I was like, man, I kind of made like a manual Excel table of the same thing and posted it in the Discord. And I actually had made that Excel sheet manually. I literally went and
physically observed every single chart. Is it, you know, are both moving averages pointing up? Okay. Yeah, cool. That's green. And I posted that in the discord and somebody just took this and ran with it and was like, here you go by Sunday night, here's the active live working website of, of everything that updates dynamically, you know, I was like, this is the coolest community ever. And so, so yeah, uh, I just wanted to shout this out and, um,
a great resource and i'm going to continue to use it this will be something that this will be a tab that i'm just going to have up pretty much forever you know at this point and uh it'll be a quick easy way to know if the stuff that i'm holding is is doing well or not and uh yeah it's great
So, yeah. Yeah, shout out to our community members. I mean, we have that Atreides indicator from math that kind of shows you when Bitcoin is flipping. You know, we have people like Altcoin Screener that were posting things of how altcoins were doing compared to Bitcoin.
Bitcoin and when good entries were. We have people like Lance that's using AI to kind of break down content and give you like indicators and trade ideas. Like there's a lot of different things going on. So yeah, we got to give a shout out to everyone doing all that great stuff. Yeah. Yeah. It's awesome. It's awesome.
So, Chris, you know what? We actually got an early question that I think I want to take because it kind of leads me into another coin that's been just on an absolute tear. This one comes from Alex Crypto. He wants us to take a look at the Coinbase chart.
and see how it's doing. And the one that I have on my mind with that was Arrow as well. That one really popped up on the last couple weeks of our live TA session. Delete Me makes it easy, quick, and safe to remove your personal data online at a time when surveillance and data breaches are common enough to make everyone vulnerable.
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to text VISION to 64000. That's VISION to 64000. Message and data rates may apply. And it's just been on a tear. Yeah, yeah. So...
Coin Coin Coinbase looks really good. And you have to remember, Coinbase is going to benefit from Circle doing well because they're they're very linked. The two of them are very linked to one another. There's profit sharing going on between. So as Circle does, so too does Coinbase. And so we know Circle has been really, really hot out of the gate since it launched last
And you can see Coinbase has benefited from that. They've been on a big uptrend, particularly over the last two weeks. This is a weekly chart here. And so, yeah, worth pointing out, it wasn't a big uptrend for a long time after Bitcoin.
since the start of January 23, it did kind of break that trend when everything sort of tanked at the beginning of the year. It sort of followed crypto like it does. But unlike a number of cryptos, it's actually right back up
into the upper, you know, it's right now coming up back to the upper trend. It's pushing all-time highs, basically. It's right near its initial IPO launch. Not quite there, but it's, you know, it's well on its way and very, very close to basically entering into what we call price discovery, where, you know, it's going to break on to new all-time highs and just sort of
you know, we'll be in price discovery. So yeah, I think coin looks really good. And I think, you know, as long as, as long as circle continues to do well, which I think it will because crypto is doing well. So if, if Bitcoin is doing well, if circle was doing well, you can assume Coinbase is going to do well and we're seeing that. And so, yeah, absolutely. I think that this is a, this is a good chart. And like I said, yes, it's, it's a little bit overheated right now. It's had two big weeks to the upside, but,
Um, it's a little bit overbought, but you know, I think, uh, it, it's going to trade a bit like a crypto asset in that sometimes things can be pretty overbought for sometimes weeks on end, you know, and, uh, that could very well be the case here with this, especially if it breaks out into new all-time highs. So, um, definitely on my radar, definitely one to watch. And I think a really strong looking chart that I think will continue to do well.
Yeah, thank you for the question, Alex. Actually, you know what? While we're still on this, I have a question because, you know, you kind of touched on this and, you know, we hear this a lot that, you know, it's basically just a good asset to have. Coinbase is a good one to hold if you want to kind of make a bet on the overall success of crypto. What do you think about holding Coinbase over like something like Solana or, you know, a SWE or a Bitcoin? What are your thoughts on that?
It's a beta play kind of just like anything else. I would argue that it'll probably be even a little bit less volatile than Solana or SWE. To me, it's almost more like a beta play on Bitcoin directly. And I think it's a good avenue for people who...
Maybe don't have direct access to Bitcoin. Maybe they want access or sort of exposure to the crypto ecosystem, but they want to get it through like their 401k or their retirement plan at work or some kind of pension type deal. And they can't go and buy Bitcoin directly through that. You know, coin stock is a great way to...
achieve that. You can buy coin stock, you can buy Bitcoin ETFs also, also you can buy MicroStrategy. But yeah, coin is great. Circle is great too. Having exposure to
The stablecoin sort of space, I think, is going to be a really valuable stock too going forward because it's just so profitable. Stablecoins make so much money, or stablecoin companies rather, make so much money because they are legally, right now at least in the US, they are legally obliged to invest
all of the interest, all of the yield that they make because how stable coins work is they, people buy the stable coins, stable coin issuers take that money and they go and just buy treasuries with it, you know, T-bills and bonds and stuff like that. And so they're earning yield on all of these billions of dollars that make up the stable coin market cap, you know, to the tune of hundreds of millions of dollars in profit and that they're forced to keep basically because they can't legally sort of give any of that back to
to the holders yet, you know, that's still going through the regulatory, you know, situation right now. So yeah, they make a ton of money. It's like guaranteed profit basically. And we know it's only gonna get bigger. We know the market is only gonna get bigger. And so their profit's only gonna grow. So in terms of like it being a great stock, yeah, all day long, you know, that's all you want is just like,
Super, super profitable, easy money. It doesn't take a huge staff to generate this profit. It's relatively low overhead. So yeah, I mean, Circle's great. And again, Coinbase is going to directly benefit because Coinbase shares in that profit with Circle. Those two companies are...
sort of intrinsically linked to each other. And so as one does, so does the other, like I said. So both of these are really, really good bets. Yeah, very, very nice touch there. And
Coinbase is working on doing trades with tokenized stocks. As the company itself, they are also expanding their offerings, which is just bullish for the whole space in general. Speaking of Circle and Coinbase, they're not the only ones that are doing very well right now. I know you wanted to touch on something coming from Maple Finance. Why don't we take a look at that?
So, yeah, first off, I wanted to... Where is it on here? I noticed it has been doing well. Let's see. Oh, now it's frozen. Okay, anyway, whatever. Everything's frozen. Are you there? Are you back? Okay. My computer froze for a sec. Sorry, bear with me. All right, so let's just look at Circle. Or Syrup, rather. Excuse me. Okay. Okay.
Yeah, it's been crushing it. And I'm going to go out to the daily because it's a relatively new chart since they've rebranded. But yeah, it's been outpacing everything. It's one of the handful of things that's on the green today. And you can see here's the bull market support band like I talked about earlier. And it was showing up green on that website that I just had up. But here's both the moving averages pointed up and to the right. Again, you can't say that about very many. Well, you know, 20, as I mentioned. But this one's continuing to rip. And
At first, I was like, what's going on here? Is this just sort of speculative hype that is causing this to go as up as high as it is? And yes, it is to some degree, but it's also got a lot of fundamental, you know, good developments going on. Their TVL has blown up basically over the last few months. It's gone or six months. It's gone from like 300 million to like 1.6 billion. You know, it's network activity has blown up.
uh they also released a yield-bearing stable coin which is super cool and and not many people have been able to do that so that's really cool um they're you know working with a lot of trad fight companies they've secured a bitcoin backed institutional loan um they've just got some cool stuff going on they're they're unique and so that's why fundamentally people are gravitating towards it and uh yes i think it's maybe a little bit overcooked in the moment
But I do think it still has quite a bit of room to go. Its market cap is relatively low, too. I think it's only like, I want to say around $600 million, which is nice because that gives it plenty of upside to go. It's further down in the market cap ranking. And so...
I think this could easily double from here. I don't know that I see it doing like a 10x or anything, but I do think that this is a really solid play and it's definitely caught my eye and they've got kind of the fundamentals to back it up right now too. So again, it's a little overhyped, but it's something I think to keep an eye on and I do think it's something that has legs that I think will continue to move its way up the rankings and continue to be a solid bet going forward.
Yeah, volume. I'm looking at the volume chart on the bottom there. Looks like we had a huge spike in between May and June. And while it did taper off, I mean, it's still pretty consistent volume days coming in that are, you know, pretty high, right? So great shout out on Syrup there. Okay.
So I wanted to, we have quite a few questions coming in. So I don't know where, let's, you know what, let's, we talked a lot about some serious stuff with Coinbase and, you know, Seraph and Circle. So let's switch gears a little bit. This one comes from Neil Sherman. Chris, could you look at or the dog or dog to the moon meme coin? I've been it for a while, but I'm curious as to your thoughts. Let's see.
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Yeah, definitely one of the most hyped on Bitcoin at one point, right? Leonidas on Twitter was our NX was leading the charge on that. So here we go. Let's see what we got. Let's see. So it's actually doing pretty, pretty well, I would say. So it, you know, just like everything else. I mean, it basically nuked in the big downtrend. How did it lost 90 percent, which is
sadly on par with a lot of stuff during that downtrend. It was pretty ugly. But then what do we got coming out of the lows?
So it got up as high as 476%, not bad. Currently sitting at 285, also pretty good. Another thing I'm seeing, it's above its bull market support band, which is definitely a step in the right direction. However, the bands themselves, if you kind of zoom in a little bit, the bands themselves aren't actually in an uptrend. They're kind of just sort of plodding sideways a bit. But
Overall, this is a pretty healthy chart. Like the fact that it bounced as good as it did out of the recent lows over the weekend and has kind of come all the way back up to its 20-week moving average. A number of memes have done that. A number of vaults have done that. So you want to at least see that. But the fact that it got back above its 10-week moving average and is kind of sitting at its 20 shows that it's tracking with the rest of the market
which is good. At least it's not underperforming. Granted, it's not in that sort of top 20 green on that website I was just showing you. It still looks pretty good. Volume, I think, is holding steady too. So overall...
I would say it's above average, but not necessarily, you know, top tier, like shortlist necessarily. But yeah, I think if you're holding it, I would say go ahead and keep holding it. It's hanging in there. It's doing better than a lot of things are. So yeah, I like it. I like it. Yeah, one thing to note as well, just on the narrative side of it, pretty strong community, still rolling strong. They still do spaces. And then obviously, I mean, the volume is,
Always nice to see that. The charts we were looking at on Monday did not have those high volume bars, so good to see that. All right, we got another question coming from Alfie on the platform. Wouldn't mind a more focused look at SWE? Alfie, so would I. I mean, I have a lot of SWE, so selfishly want to take a look as well. But as a new player,
He put it in quotes. Layer one, will it take a while to get going? Or as it rides the banana wave, how likely is it to outperform soul? All advice taken with a pinch of salt, of course. Thanks for the weekly.
Um, I still have high hopes for SWE. I do think just simply because of math, like because its market cap is a tenth of what Solana is, it absolutely has more room to go to the upside and it takes less money coming in to move that needle. So there's, you know, just from that standpoint alone, the odds of it outpacing Solana over the next, say, six to 12 months are much, much higher.
And so, yeah, I think it looks good. It's got a lot of good fundamentals going on still. They're continuing to develop. They're continuing to market well. Yeah, they had a little bit of a wobble with the Cetus hack, but I think they're coming through the other side of that. And overall, the structure looks pretty good. Now, we can see, unlike the last couple we looked at, the bull market support band here is pointed to the downside, and the price is actually underneath the 20-week moving average. So,
Not as good as it could be. Not a great look, but I still think that it's holding out well. Like, it's still overall in a longer-term uptrend, and I do think that, you know, the odds of it coming back here and setting higher all-time highs are very high. Like, I still...
I still believe in this project, you know, from a fundamental standpoint. And I do think that we're just sort of seeing... We're kind of seeing a bit of a lull across a lot of Layer 1s right now. You know, not very many of them are doing that well. And so...
It seems like a lot of the attention has been more focused on DeFi and memes and even AI to some degree and frankly, Bitcoin. And so that attention will, as we know, it kind of all goes in waves all the time and it'll probably come back around to these layer ones at some point. And I think that SWE is definitely one of them. There's also, they've filed for SWE ETFs, which I think is obviously a positive development. I...
Though I've heard that the approval odds are maybe lower than Solana getting an ETF in the short term. Solana actually could get an ETF even as soon as next month, I heard. Whereas if SWE gets one, it might not even be until like October, which isn't the end of the world. And that's still sort of in the timing band here for a good rally, right?
So, yeah. But overall, fundamentally, I think SWE is doing okay. And it's just sort of hanging in there right now. It's sort of doing what it needs to do to stay relevant. And like I said, they're continuing to build on the back end and continuing to develop new partnerships. And they're working with MasterCard and Visa and bringing a lot of sort of real-world use cases onto the blockchain. And they're continuing to do a good job of it too. And we know that the team is as solid as they come. We know the team is...
all, you know, ex Facebook and Instagram and like just Google developers and people who have been there, done that and have had a track record of success in bringing successful projects to literally billions of users, you know, in the marketplace. And so I definitely wouldn't fade this team. I mean, they're just they're again as good as they get. So overall, I'm still bullish on suite.
Yeah. And what were you saying? You said it's below its 20-day moving average or 20-week? 20-week moving average. Yeah. I mean, hey. Yeah. Yeah, no, I'm sorry. Keep going. I was going to say just this big red line here, this thick red line, it's part of the bull market support band. Also, it's just the regular, it's the 20-week moving average. Price is below it. But...
You could argue that hopefully if it bounces here, it will have set a higher low from this previous low here. And if it can go on and resume this uptrend from here, then we're good. So the structure looks just okay. I'm not going to lie. It doesn't look amazing. There are certainly better looking charts out there to be sure. But just knowing what I know about the fundamentals and where SWE sort of fits in the larger crypto ecosystem, I still feel pretty good about it.
Yeah. And if somebody so let's say somebody who believes that we have somebody who really feels good about SWE and just general long term, it's dipped below that 20 week moving average. What do you say about somebody who's looking to enter? I would say now is probably a great time to get in if that's what you you believe in that long longer term now.
Sure, sure. Yeah. I mean, absolutely. And I do think that, you know, once the rest of the market rises here, once Bitcoin does sort of break out of this range that it's in and starts to form, you know, new all-time highs and get up into the 110s, 120s, 130s even, I think that, you know, the whole rest of the market is going to follow. And certainly SWE will be one of them. Awesome. So speaking of Bitcoin breaking out, Ken Bob, right?
has a question for you about that. Kind of the beginning of the month, you charted that we looked at the 60-day for Bitcoin, and it was looking pretty bullish. But Bob wants to know from you, Chris, do you see a retest of 94K, 94,000 structurally, or are we gone from those potential lows now?
I would be surprised. To me, that wouldn't be my base case. To me, yeah, I really feel like we've done a pretty good job of cementing the $100,000 level as the current base solid support. Now, granted, of course, anything can happen. And if you notice, the bull market support band is right around $97,000 to $95,000, right in this range right here. So if...
We do get something shaky if more sort of geopolitical turmoil creates volatility, then we could see a potential wick down into this range here. But to me, I think as long as things remain stable globally, which I mean, of course,
Who knows? But like, as long as we don't get any more sort of shocks to the system in the near term, I do think that the base case is to the upside. And granted, like I said, there are a chance where we do get wicks down, but they're just sort of intra-week wicks, whereas the daily close has managed to stay above 100,000
um you know through all of this really and so you know last weekend we got a little bit of a shake out uh because the order books are thin on the weekend and market makers aren't working and so you tend to get a lot more wild price volatility on weekends and that's really that's what this wick was basically was just a product of that um and even even this one here a little bit too like on sunday night but since then we've just we've just rocketed out of there and um
I think that, you know, certainly if you look at this trend, you can't help but be bullish. I mean, you know, we've flipped 100K to support, like I said at the top of the show. We've held this trend line for going on, you know, two plus years now, two and a half years, and never really lost it or lost the trend. And now we've got basically a solid support level at 100,000. So I do see us, you know, continuing to go up. And I do think that that breakout will come soon.
sooner rather than later. At least that's my base case. I think that's the highest probability scenario. Again, barring any unforeseen geopolitical turmoil that seems to continue to rear its ugly head, basically. Yeah, we'll see about that. All right. So I do want to highlight one trade from Robbie that
our our product master here at real vision uh who's eyeing the hype uh uh robbie's up 85 percent on this trade uh just from june 24 what yesterday oh wow yeah so robbie put this trade in yesterday uh and he's up 85 percent on the day i mean this is like this is the alpha
and the value that you can find within the trade ideas. So don't just enter, like, just don't check those out for the competition to win. I mean, obviously do that, right? And enter your trades, but like, just take a look at some of these trades, read through like the reasonings and the chart that they're posting, because you can really find some
fantastic gems in there. Uh, I've never heard of this one before. I think Chris, you and I were talking about, uh, this one kind of came out of left field for us and Robbie just like, just found this, put it in, um,
And look at it. He's just crushing it right now. I want to... Oh, go ahead. This is a stock too, mind you, not a crypto. And it's up 85%. Yeah. Yeah, exactly. If you actually click on the ticker there right next to the long...
It brings up actually some information on what this exactly is. It's loading now, but if you bring that up, it gives you the full overview and what that stock does, shows you the chart. You can break it down from like the one minute to like up to, you know,
however, I think it was a month, maybe more, right? Yeah, here it is right now. So right now they have a note. There's an unusual market move. Obviously, it's absolutely ripping right now. You can see the chart as well on it. You can see how many people within Real Vision input that trade idea. So you kind of see what the
hive mind is thinking about it. If it is something worth checking out, maybe more, and then you can see it in the news and, uh, what, what type of, you know, media they have media coverage they're having on it. Uh, so yeah, really great. And, uh, and obviously this Robbie inputs this trade, but, you know, Robbie and his team have also kind of, you know, brought, brought us these additional features as well. So just wanted to highlight that and shout, uh, shout out, uh,
Shout out to someone from Real Vision who really put in a great idea there. I was wondering what the tie-in with Hype was, but now I get it. Okay, so they're basically operating a HyperLiquid validator on the HyperLiquid blockchain. And they've purchased a million Hype tokens and are validating on Hype. And so that's the tie-in there with that. But yeah, no, good for them. That's really cool. Amazing call-out, for sure. Yeah.
Yeah, and great, Robbie, and great title on your trade. I mean, yeah. Using the hype to get some eyeballs. I am the hype. Yeah, that was perfect. Perfect. Very, very impressive.
Yes, go check that out, guys. And with that, that's going to do it for us this week on Trading the Markets. Chris, I want to leave it to you. Anything you want us to kind of keep in mind as we head into this weekend? Anything you're looking at chart-wise or other?
Just that I think things look well, you know, kind of, again, zoom out if you start to get panicky over, especially over the weekends. Like, really, don't look at the charts on the weekends because, again, the order books are so much thinner. There's so much more volatility. They're not representative of really what's actually going on in crypto. And so, like, don't even look at them, honestly. And, yeah, just on
On the weekly, everything looks amazing right now. I really do think that, you know, my bias is to the upside. I do think that better days are coming. I know Jamie Coots tweeted earlier today, stuff's about to get cray-cray, you know, and all the macro data that we're seeing, all of the on-chain data that Jamie evaluates, all of it is just bullish. I mean, there's no two ways about it. And so...
don't make it any harder than it needs to be. Just sit back and watch the money come in and ignore the daily noise. By all means, do not look at the intraday charts, the hourlies, or that's just going to make you nuts. So...
just sit back and enjoy the ride. That's all you got to do. It's as simple as that. Yeah, don't do that to yourself. Look, I'm just staring at the half a life, guys. You know, I mean, yeah, look at the charts, obviously, but like not every second, every minute of the day. And also, I do want to leave you with this too, because I, this is like, obviously there's a lot of, you know, uncertainty, uncertainty,
in the world going on right now, especially geopolitical wise, right? I know there was like the doomers on the timeline where, you know, kind of worried about a World War Three type event breaking out and all that. And I have nothing really to add to that. But I do want to say, as someone who's involved in crypto, I thought it was super bullish for Bitcoin, how we've
we didn't really lose that much. I think what we dropped down like 98 at the lowest at something like that. I thought that was super bullish for Bitcoin in general. Right. I feel like last cycle of something like that happened, Bitcoin would have been in like, you know, the eighties or seventies, uh, based off of where we are now. So anyway, I thought it was really bullish, uh, something to kind of keep in mind and perspective as we, as we kind of navigate, uh, what's what the future has for us. Uh,
Been a great session this week. We'll see you guys on Monday for our live TA and Discord, and we'll catch you back again next week. Same time, same place. Have a great week, everyone. If you like this episode, I'd love for you to head over to realvision.com forward slash join for a free membership. Start your journey today to unfuck your future. Just one click away.
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