We're In A Weird Place (Bitcoin & Ethereum Prove It)

Everything is crashing again, particularly stocks, particularly tech stocks. But don't panic. Don't panic. We have some interesting takes on how this could all be playing out and what you need to know right now with the markets being in the red. We got a lot to discuss. So, let's go ahead and get into it. First and foremost, US spot Bitcoin ETFs recorded total inflows around $79 million. Not bad. Not bad. Now, we had a major outflow day on Monday. So, even though we've had Tuesday, Wednesday, and Thursday with positive inflow days, we're still not doing super fantastic for the week. But the important thing to notice here is the trend. We're not just getting red days anymore. We are getting plenty of days where Wall Street and retail investors are showing up and saying, you know what, I like Bitcoin here. I'm going to buy some. That's really positive, especially after our record outflow month in June. July is going to be a much more optimistic result. Even if we end the month slightly negative, it ain't going to be a record outflow month. Nature is healing ever so slowly, but it is Bitcoin charts. Bitcoin right now floating right around here back down at the 20-day EMA currently probably responding to pretty red day in Eur uh European Asian markets and pre-markets in US markets showing it's probably opening up for pretty red day here as well. If we get a lot of ETF outflows today, expect Bitcoin to break under the 20-day EMA. If we have a more modest day, perhaps Bitcoin can defend the 20-day EMA. We'll see how it plays out over the weekend. Feels pretty good taking profit. Sticking to the plan and taking profits here, the 50-day EMA at 65K. Just going to just going to say, guys. Just going to say, let's see if we bounce here. The next trade I'm looking for is a bounce over the 50-day EMA and a retest to that. I think that'd be the next time I want to go long on Bitcoin or we'll just watch and see how the structure moves out over the next few days. Wales continue buying ETH. Another two newly created wallets withdrew 20,000 ETH from Coinbase today. Let's go. Let's go. Not just Tom Lee anymore, guys. Cryptoica posted after nine years waiting. Big things are on the way. Stories always start from the bottom. This is the ETH BTC ratio, which just had a bull cross two or three weeks ago, by the way. Just going to throw that out there. At last time, we had a bull cross on the weekly ratio for the ETH BTC. It rallied 132%. Now, this has been in a structural downtrend versus Bitcoin since 2017. Could we finally be about to get a breakout here? Well, you have to wait for the breakout to actually happen. Right now, it's at resistance. It's going to get rejected where it's going to be right there. But if we break out here, things get pretty interesting for ETH. ETH back testing the 50-day EMA, back testing the neckline here. Still long. Still think the double bottom pattern plays out. A breakout and retest totally cool and normal. The problem would be if we start closing daily uh candles back down here under the 50-day EMA. That's where the double bottom breakout gets broken and this ends up just being a fake out. We'll see. We're not there yet. Trade still valid at this point. Salana ah Salami coin is showing a lot of weakness here. Trading under the 20 and 50day EMAs. You can see how stronger BTC and ETH are performing right now versus Salana. Salana dealing with the problem of Robin Hood chain. All the DGEN money's bridged over there and they're now chasing all kinds of stuff and now then money is flipping over to base chain and the DGEN money is flowing over there. We are seeing some meme coins popping back on Salana right now. We'll see. We'll see. I'm still bidding Salana at these levels. I bought more Salana this week. I'll continue buying Salana in these levels. I think that Salana is going to surprise a lot of people next cycle. Quick update on the trades. That's Salana long currently in the red. That ETH long currently in the green and the unis swap long currently in the red as well. None of them stopped out not closing them out. I will take the L's on Salana in unis swap. If we get down to the stop-loss orders that's fine. That's what they're there for. That was the defined risk when I open the trades. A little bit of red unrealized P&L doesn't worry me in the least bit. That's fine. It's part of the game. If you want to join me trading over on Bit Unix, you can trade stocks. You want to short Micron, you want to short AMD, fact, we just had an AMD short signal go up in the inner circle, by the way, just FYI. You want to trade crypto coins, they got you covered. You want to trade gold and silver, they got you covered. Just use the link down below to start your account. It's available to anyone anywhere. That's you. Start your account, deposit USDT because this all runs on Native Crypto Rails. You can trade all this cool stuff just by depositing USDT. And then you start trading long, short, to your heart's desire. And when you've put in that first trade, you will then be eligible for our daily thousand giveaways, which we're going to do a giveaway right now. Who's going to win a thousand bucks today? By the way, when you sign up to Bit Unix, you should also sign up to the inner circle. That's our private investment and trading group. You get access to our AI tools. You get access to weekly reports that we issue on altcoins, tech stocks, and more. You'll get daily trading signals, and you'll get an $80 month rebate from the guys over at Bit Unix, as well as a 7-day free trial. So, what are you waiting for? your community is waiting for you. Hope to see you in there. man@gmail.com $1,000. Let's go. Congratulations, dude. Enjoy it. Quity posted this earlier and I kind of liked I want to share with you. Says, "I'm going to trade this idea. We're going to reach the eternal bottom soon before up only for a year straight. Trump will want to end his presidency with record highs and the markets won't start to sell off until the end of winter 27 or the beginning of 28." I have talked many times before about for a variety of reasons why 2028 could be the big market top. Now, not the 10-year bare market market top, but a market top for a significant enough bare market in stocks that there's going to be great opportunities for the final bare bull market into 2034. Talked about the 25-year cycle in the SP500. Well, 2034 is a target. 2034 intergalactic peak for markets, 10-year bare market afterwards. That's what historical patterns are telling us right now. Historical patterns also telling us that 2028 will be a big top. It's an interesting place for BTC because Bitcoin four-year cycle theory would have our top coming in 2029. But if everything else tops in 28, that's a problem for crypto investors. We'll see how it plays out. At some point, the four-year cycle bro is going to be wrong. Just not this year. Well, I don't know if we still go to 40k in October. Still a lot of risks in the market that could drive us down there. But perhaps this is good enough. 60K in June, 57K in June. Maybe that's enough to satisfy the four-year cycle theory. It's a few months off. Not perfect, but maybe it's close enough. Maybe. We're going to find out. Andy posted this. Robin Hood versus Coinbase isn't just a retail front-end game anymore. It's an onchain battle. And Robin Hood is currently winning. Interesting. Look at this. These are DEX volumes. Robin Hood came out of nowhere, man. Just vamped bases money away. Now, interestingly, this is uh this is from the inner circle compass. This is our uh new product launch that we have coming up. Uh the tools already live, but we're we're rolling it out to all of the inner circle members here in um the next few days, next few weeks. But, but we have our agent lark built in here, which is our AI agent. And I wanted to share this with you because I put the report in yesterday. I put I put the token address in for C cash yesterday before buying Cash Cat. Went with my gut feels on it. Should have listened to my AI agent, man, because it said, "Don't buy it, Lark. Don't buy it." And it said that if you lose 86 million, it's probably going towards the 50 60 million zone. It's exactly what happened. Why didn't you listen to your own AI bot, Lark? Why? My guts My guts got better intuition. Listen to Listen to the clunker, Lark. Listen to the clunker. Ah, they should rename Cash Cat into Crash Cat. This is my um my donation to the trenches. Enjoy it. Ah boy, the market proved me immediately wrong, didn't it? There was no There was no support at $80 million. No support. Just went straight down through it. Uh anyway, when this sucker eventually flips flips the MACD bullish on the 4 hour, at the very least, it probably gets a relief rally, maybe up to this line right here around 120 $130 million. Has not happened yet. Cash Cap being the leading meme on Robin Hood currently, of course, that could always be flipped by something else that comes out. Probably has a decent relief rally at least in store for it. Will it recover? Will it make new all-time highs? Is it going to hundreds of millions of dollars? We're going to find out right now. Crash Cat took my The cat took my money, guys. This is why I was saying yesterday, you don't put a bunch of money into this kind of [ __ ] You know, I I I'm too old to be playing the memecoin game. Anyway, but jokes aside, you don't put a lot of money into this kind of stuff, which I was saying yesterday, I put in enough that, you know, if it this happens, I don't really care if it goes up. Yeah, I'll make a little bit of money. Just bored. It's actually funny. I haven't done that much on chain recently. I was got to get my get my ledger. I was like, "Huh, it's been it's been a few weeks since I used the old buddy." Brian Armstrong coin. Brian Armstrong, CEO of Coinbase, updated his profile picture to this. Oh boy. Eric saying, "Oh, man. Do we need to bridge back over to base now?" Yes, we do. Apparently, Briancoin ran from half a million to $33 million in just a few hours. Briancoin, man. Hey, at least the CEO of Coinbase is getting behind a memecoin. It's got that going for it. Now, we need Vlad Tennv to make his profile picture the damn cat. Come on, Vlad. Do us a solid, man. Daddy needs a new pair of shoes. Robin Hood chain now accounts for 75% of unis swap fees two consecutive days about $6 million that's crazy stuff man unis swap though unfortunately still correcting I think if we come back down to this level here which is the 20-day EMA this previous resistance line flipping into support that would be cool and normal we'll see I probably get stopped probably get stopped out on a wick in that situation but overall uni fundamentally very very bullish chart showing a bit of a correction ction coming in daily MACD bearish crossover threatening to happen in the next day or two here. Keep an eye on that. Of course, great trade overall members at the inner circle. If you're not in the air circle yet, why aren't you? Link down below. 7-day free trial. Inner circle members got the signal go long on unis swap here at 290. We also issued our report back here at 294. Just saying. Just saying. Lighter going through a nice correction here as well. One of the ones I'm actually considering taking a uh spot position on potentially potentially have not done that. We'll let you know when I do if I do. But solid buybacks, big challenger to hyperlquid, like I was saying in a video I made a few weeks ago, a lot of hyperlquid compet competitors I wouldn't consider. Lighter is the one that I think, okay, if you're going to pay attention to something, it's probably going to be lighter. There's so many other perplexes out there. Most of them have shitty token models. [ __ ] all revenue. Like, not worth paying attention to. Lighter, maybe. Maybe Jaido ah the 20-day EMA kiss of death remains undefeated. Look at that smashed right back down. Question will be whether or not we actually start bouncing at some of these support levels or not. So far MACD trading under the zero line. No bullish crossover in sight. That's probably the going to be the nice signal to go long. Subscribe to channel subscribed yet. Do it. Do it. It's free. Continuing. Gavin Baker posted this. Riskreward seems attractive again. Lots of cheap stocks with durable competitive advantages that are going to crush numbers for the next 6 to 12 quarters. Time will tell. Bill Aman saying yes. A lot of stocks have corrected massively. Even really big names are down 30, 40, 50%. Huge volatility. Tom Lee, the SP500 could top 8,000 by the end of the year. Bit mine chairman Tom Lee said in uh CNBC interview, the SP 500 could rise to 8,000 as the AI story remains intact. What we're seeing right now is a lot of profit taking, leverage unwinding, all that kind of stuff. He described a possible three-phase market. The S&P 500 could first reach 7,700, then see a normal 10 to 15% pullback before rallying above 8,000 by the end of the year. NASDAQ right now looking for a pretty red open. Now, the open on this, unless it just wicks down and smashes straight back up, which even then becomes problematic because you got to get back in the orange line. This triangle pattern we've been talking about here for a little bit, this has potential to break to the downside. Looks like you're breaking to the downside right now. The target, the technical target for this is around 650, which is the 200 day EMA. That would be a great chance for me to stack some more QQQ. If we get it, that's probably what I'll be doing. Doesn't mean we're going to get that kind of an exponential breakdown. We could just break slightly and screw around and have a fake breakdown. But a lot of risks rising the market, a lot of big tech names selling off. It's cool and normal. Like I said, there's a about a 66% chance these kind of patterns break to the upside, a 33% chance they break to the downside, while this one's breaking to the downside, which is fine. That happens. Lay the chart in front of you, not the chart you want it to be. Shrudy posted this. Chinese models are 112 times cheaper than anthropic per million tokens. China just dude, the AI stuff going on in China right now is absolutely insane. Chimath laid it on CNBC. A barrel of intelligence costs $56 for anthropic 50 cents from Chinese models. Dude, that is the steam commodity curve on a technology has run in recorded history. US companies are going to feel the pressure for sure. Micron continuing its correction. Pre-market showing it opening up in the red again. Area of interest probably down here around 640 approximately. Tesla still still this weekly chart still sitting at the like m look at this. This is all the way back to April 24, which I was buying a bunch of Tesla back here, guys. Anyway, besides point, look at this. Look at this bad boy sitting right on the support line. It's going to bounce anywhere, man. It better be there because if it breaks down, it's going back to the 200 week, which is at $300, which should be fine. Be fine. But the implied breakdown target from this giant triangle pattern is pretty nasty. I don't know if it's going to play out like that, but certainly watching for this support to keep holding. admit SpaceX has aboard a major test mission on their Starship rocket moments before liftoff in Texas. And we are now seeing SpaceX just what a slaughterfest on SpaceX now down to $125. I'm still not buying SpaceX. We still have a situation. We're going to go from 5% float to 100% float by mid next year. By the end of the year, it's going to be around 60%. Brutality. Lot of early sellers are going to be making a lot of money and cashing out on this bad boy. Fair play. But like I was saying, if you're buying back here at 200 bucks, you're just lining yourself to exit liquidity for no reason. Don't understand it. Anyway, brutally red charts. There will be bounces along the way, but still could be a while before SpaceX finds a definitive bottom. Okay, that's it. You're awesome. Thanks. Bye.