Crypto Holders … It’s Happening

Crypto holders, it's happening. Clarity Vote Act could be coming to the floor of the Senate literally any day now. Big news. Meanwhile, the macro scene continues to worsen at an exponential rate. Bad things are happening in the world economy. Stock market in particular has been reacting very severely to that so far. We got that story for you. Got Bitcoin charts, Ethereum charts, latest on the Robin Hood chain. A lot to cover in today's video, so let's go. First and foremost, Clarity Act, baby. CNBC has just confirmed that Senator Thinn will bring the Clarity Act to a full Senate vote before the August recess. It's happening. It's coming. The vote is happening. And as Chad here points out, let's get them on the record. Pick out the antibation members of the Senate. Why would you not pass the Clarity Act unless you just want to be anti-Trump? That's probably where a lot of the votes are going to lie. They're just going to fall along party lines, say we're just anti-Trump, and anything that his administration brings out is inherently bad and So therefore, we will not vote on it. Even if it's the right thing to do for America and for crypto and for finance and for the future of technology, doesn't matter. Anyway, let's get the damn vote on. Let's get this thing across the line. We see more and more industry leaders circling the wagons here and saying, "Yes, this is what we want to do. Yes, we want to see this push forward. Yes, we want to get the Clarity Act out." It's not just crypto people. It's big bankers and stuff like that and big unions in the USA. Police union, I think, just came out and endorsed it today. So, a lot of people getting behind the Clarity Act because they know it's good for everybody. Bitcoin ETF flows last two days had some pretty brutal outflows, 465 million in total, largely erasing the inflows for the week. We still end up about $30 million plus for the week. But the last two days of outflows have coincided with increasing tensions in the Middle East. A further sell-off in the NASDAQ and of course people then repositioning going for cash getting out of their Bitcoin ETFs. In the same time they're selling off their NASDAQ and other tech stocks and people continue to trade Bitcoin more like a tech stock. Bitcoin bare market over says Bitcoin archive net realized BTC profit loss shows sell shellers are now taking profit rather than taking a loss. Similar move happened in January 23 preceded a 250% rally in 14 months. You can see of course we had the absolute maximum peak back here at the start of the year in February. We have a now lower high just like happened in 2022 and then early 2023. Fascinating interesting little chart you got yourself there. Bitcoin's long-term holders are accumulating at the fastest pace in six years. So, the smartest, most well-funded, most well-tenured, most experienced people in crypto, the whales, they're looking at the current prices of BTC and they are buying heavily. They are positioning in a massive, massive way. Huge amounts of coins trading hands right now. These guys are looking at 40K BTC on October and saying, you know what, we're going to frontr run that. We have enough onchain indications and enough technical indications to say that now is the time that we're willing to take risk on BTC again. And that's exactly what they're doing. They're putting huge amounts of money on the line here. Huge accumulation that's happened. Well, as you can see back previously, usually around major bottoming periods, we see that kind of accumulation, whether it be the 2021 midcycle dump or we see the big runup here in uh late 2024. A lot of different things going on like that. Bitcoin on the daily not looking super hot right now. Trading inside this pretty tight channel currently with multiple touches on the bottom, multiple touches on the top. If it can bounce from here, then at least trade back up to the top of the channel around 67K might be interesting. Pretty easy validation point to 63K, which would be break down to lower side under the channel here. So now you might want to look at this and say, well, you know what, Lark, perhaps that's not a channel. Perhaps we're just in a big fat rising wedge here, which looks like this. If so, we've broken out of that wedge with a confirmed breakdown and we are heading to a downside around either 60K or maybe in the upper 50s. Again, both ideas, I think, remain valid at this point. We're going to see which one of these actually play out. Not trading BTC either way right now, but I do have long positions open on other coins. So, I guess I'm essentially betting on the channel bounce here because if BTC bounces, everything else bounces too approximately. Bitcoin on the weekly looking very interesting. Now, I would like to point this out first is that we do have a weekly MACD bull cross. You can see it right here. Okay, it's just confirmed. Let's see how the week ends up. Lot of selling right now. You can see the candle for the weekly. Strong push back down. We've only got another uh day to go before that weekly candle closes. Might be a pretty weak weekly candle close. Didn't even get up to the 200 week EMA, which is at 68,500. That's really the bull bear line. You need to be above that. Now, the long-term view, of course, is buying at or under the 200 week EMA has basically always been a good decision for BTC. Can it go lower? Yes, it can go lower. Do the whales believe it's going to go substantially lower? No. They the biggest positioning basically they've ever done. 270,000 BTC bought last month by Bitcoin Wales. The biggest single accumulation event in the entire history of BTC basically. Just throwing that out there. But 40k October four-year cycle, it remains the meme and perhaps we fulfill the meme. Everything else be damned. Of course, macro risks are rising. We got more on that in just a second. Real quick update on the trading situation. Part of my unis swap trade got stopped out like the generic gambler added more back into it, you know, because screw it, I guess. Anyway, still targeting 450 on this one, but the momentum is definitely slowing down a little bit here on. We'll talk about that chart here in a few minutes. ETH giving back some of the unrealized gains here. Keeping the stop loss at 1810, which is basically break even for this one. Salana currently at an unrealized loss. If you want to join me trading over on Bit Unix, there's a link down below available to anyone anywhere. That's you can trade stocks, you can trade crypto, you can trade metals, start your account, use the link down below, deposit USDT, and you can trade all those markets all in one place. Native Crypto Rails. Deposit USDT. Have a good time. Trade to your heart's content. It's awesome. And you'll be in to win our weekly giveaway. It's $5,000. In fact, we have our last winner to give away money to right now. So, let's see who this week's winner is going to be. Giving away $4,000 already this week. This is our $5,000. Rounding up the week for the $5,000 giveaway. If you want to be in for next week's giveaways, guess what? Start your account. Use link down below. Deposit USDT. Make a trade. You'll be in to win. It's really just that simple. Today's winner is mfgmail.com. By the way, when you sign up to their circle, which our private research, investment, and trading group link down below, you'll also get an $80 month rebate back from the guys at Bit Unix. Not only you have a chance to win a,000 bucks, you also get 80 bucks a month back. Not bad. 7-day free trial for the inner circles. Well, links for both of those are down below. Go and check it out. Continuing the macro scene, baby. Oh, the macro scene is starting to get pretty damn rough out here. Look at this. Yemen's Houthies have successfully struck Saudi Aram cojan oil refinery with three ballistic missiles overnight, causing multiple pillars of smoke to rise from the refinery. This is bad. It's Saudi Arabia's fifth largest oil refinery, putting out 400,000 barrels of crude per day and makes the first Houthi strike on Saudi refinery complex in four years. The Houthis have effectively shut down the straight of Al-Mande, which is where all the Saudi oil was exiting through um the Red Sea. We also have the problem that this shuts the Suez Canal down. Now the Saudis can still get their oil out through the northern route through the Suez Canal to then sell to China. So they have to say all the way around Africa, right? It's very very problematic. Plus global shipping of literally everything now cannot pass through that very key choke point because they've shut it down. This has a massive impact on global shipping. Meaning that ships now have to go the whole way around Africa. Who's going to foot the bill for that? You are. You. You. That's who. That's who, man. Oh boy. Meanwhile, the straight of Hormuz, of course, remains closed. There are no ships getting in or out of the straight of Hormuz right now. The Iran situation, the tensions keep rising. More bombings, more stuff getting blown up all across the Middle East. An inflationary crisis could be brewing. Nick shared a nice little map here of uh well, this is where the oil from Saudi Arabia is coming and this is how it gets to China. That is a big big damn difference. 19 days versus 50 days. We are facing an unprecedented level of crisis right now in the global economy with the world's number one place for oil and gas now effectively shut down or at least maybe not totally shut down but under extreme distress. Oil still finds a way out where it's still getting around. It's taking longer. It has to go through a Suez Canal. All the other ships just shipping whatever to anywhere still have to go around as well. So that just it creates all kinds of logistics chaos. Oil's back up near sort of upper 90s last time I checked. Nearing $100 a barrel. It's not good, man. The price of the pump is going to go up for everybody everywhere. And the Houthies are blowing up Saudi refineries at the same time that the Ukrainians are blowing up refineries all across Russia. It's a global energy crisis forming up. Not great. Markets tend not to love that kind of stuff. NASDAQ 100 on track for its worst July in 22 years. Yikes. Yikes. July is usually a pretty decent month for the NASDAQ. Not this year. Too much global crisis going on. You can see here now we've been tracking this triangle here for the last few weeks. Unfortunately, that has now decided to resolve itself to the downside. The target on this does remain at around 650 which is where the 200 day is. The 250 week is down here around 635. Both those I think are reasonable targets in this situation. Whether we get to the 200 day or the 50WE both of them in this area probably become the area of interest and it's also the technical breakdown target of this triangle which often is a continuation pattern thus meaning upside in the markets but this time has been a downside break giving those targets for the price here also very worryingly on the weekly MAC D for the NASDAQ we have a bearish crossover confirmed last week we also on The S&P 500, which is only 3% away from all-time highs, have a bearish MACD crossover as well, showing that momentum is shifting very quickly in the stock markets. And as stock market investors start looking for cash, they're going to sell Bitcoin ETFs, which probably accounts for some of the selling on Friday and sat uh Thursday this week, as we saw that $465 million in outflows from Bitcoin ETFs. Not fantastic. Now, a great buying opportunity if we come back down to this level, which is also the previous resistance. Flipping that in a sport would be a nice thing to see. Probably right in time for a Trump taco of some variety. We'll see how that plays out. But the energy crisis is real and it will start biting soon. Strategic reserves globally have been dwindling and there hasn't been a chance to refill them since Iran war 1.0 back in February, March, and April. Sky posted this. ETH is unfortunately getting rejected from this important trend line since September 25. You can see this is the downtrend line. Multiple areas of rejection. Third major touch on the line. Very very valid line. Very critical line to get back above. We have not yet gotten back above that line. A break above that line will probably be a major trend shift for Ethereum. Not there yet guys. Ethereum validator exec has dropped to zero. Ethereum's validator exec has fallen to zero. mean that no one is waiting to unstake ETH. The execute previously exceeded 2.6 million ETH in Separ 25. This means no one's rushing to sell their Ethereum. That's good. In fact, people have been staking Ethereum. It's been going in the opposite direction. Inflows into the Ethereum validators for staking have been continuing and basically nobody's unstaking. Nobody's looking at Ethereum right now and saying, "Now's a great time to sell any DEX my position. Get the heck out of this." People are actually putting it in saying, "You know what? Now is a good time to buy ETH. Stake it. Get the yield. Chill. waiting for the market to turn around. It's an encouraging sign for ETH overall. On the daily, we are back down here at the 20 and 50-day EMAs. You better bounce here. USob daily MACD flipping bearish. Not fantastic. That would generally indicate more downside to come in the short term here for Ethereum potentially meaning that our double bottom breakout has failed. Again, I've set my stop loss on the Ethereum trade at break even. If we round trip it, I'm fine with that. That's not a problem. My target was $2,100. We didn't quite make it there. If we bounce from the 20 and 50 day here over the next couple days, fine. We can still see that $2,100 target, $2,100 target hit. If we get back down to $1,800, then probably invalidates the double bottom pattern here. We need to start looking at some other factors for this trade. Vlad of uh CEO and co-founder of Robin Hood said Robin Hood chain is the fastest EDM chain to hit a 100 million transactions. Yo, it's pretty crazy, man. Regardless of uh what you might want to think about things happening on Robin Hood chain right now, people love it. People have been aping in on all kinds of stuff, making and losing lots of money. Fortunes have been won and lost many, many times over in the last few weeks. This guy turned $500 into $300,000 on a memecoin called Tendies, which is the dream, man. You put in 500 bucks, make 300K. Who doesn't want to do that? Everybody wants to do that. But almost nobody does that. This guy is an extreme exception. We like to talk about exceptions. We like to talk about people who make all the money and put 500 bucks in and turn into hundreds of thousands or millions of dollars, which does happen, but it's extremely rare. It's the exception, not the rule. I know everyone wants to be the exception, but more likely you're going to be the rule because here's what happens to most of this stuff. This is something called Arrow, which I guess was some kind of more fundamental play. Down 93%. Robin Hood chain is the future, guys. But we did have some winners. Pawns is the new big memecoin launchpad. And ah I am, you know, I actually shared this in the inner circle the other day when it was about $5 million market cap and I was like, "Hey, here's the new one." And it was the day before we were leaving on the trip. I was like, "Ah gosh, I don't want to take another onchain position. I'm not going to ape. I'm not going to always ape." Lark just put like five grand or something in, man. Anyway, didn't ape. It's up 6x since then. So, hey, the point is people are winning and there are ways to win. There are more fundamental plays to be had. Most of them are dog Some of them will make money. This has a lot of daily revenue. I'm not saying to go buy this by any means. They always got a DIY on everything, guys. We're just sharing what's going on in the market here. But this has gone up quite a bit. Daily revenue and buybacks remain extremely strong on this coin so far. It's extremely new as you can see. Literally only hit the market on the 13th of July. So it's two weeks old. Cash cat. Crash Cat. Crash Cat still not dead. Still in a pretty brutal downtrend though. You can see right here until we get back above that line, which would be around $80 million market cap right now. Pretty brutal downtrend. And I can see a move back up to test that line, potentially pushing lower. When this flips, if this flips and we get another round on cash, it probably goes up much higher from that point. The question is now is whether traders will actually bring this cat back to life or if that will be it for the crash cat unis swap. Of course, our report for inner circle members shared right back here. Members took spot positions on this one. We shared the breakout trade here for you as well at $2.90. It surged up to $3.90. Not a bad trade for traders who got in it. Our members at the inner circle were positioned for that 7-day free trial. Link down below. Go check it out. Now, we are seeing a bit of a correction coming in here for old unis swap coin. So, you can see on the daily the MACD is signaling a potential bearish crossover here. After such a wild runup, that means likely more correction could be coming to the downside. Let's see. We're sandwiching now right between two key EMAs. The 20-day here at $355. The 200 day here at $3.90. Break below the 20-day and we probably see a move much lower. Hopefully want to bounce off the orange trend line here around $320, $3.30 approximately. That'd be a decent place to bounce. Good long trade uh riskreward probably from that position. or we get above the 200 day here at $3.90 which point probably move up to about 450 470 comes into play. No trade currently. I'm in the trade currently, but no new trade currently on this. Basically, you want to look at this in one of two ways. Either we break below here, watch for a re-entry, break above here, watch for the long. Basically, that simple. You guys are awesome. I appreciate your time as always from the surface of the sun. Back to you. You guys have a great day. I'll see you next time. Peace.