Recommendations
Entry is the asset's closing price on the publication date. Current is the last close on record.
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Entry $79,194.00 20 Aug 2026Current $73,058.00 21 Aug 2026Result −$6,136.00
Don, you got to buy some Bitcoin.
Context Yo, yo, it's still on the table, man. Don, you got to buy some Bitcoin. Come on. Send it straight to like 300K, dog.
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Entry $79,194.00 20 Aug 2026Current $73,058.00 21 Aug 2026Result −$6,136.00
buying more Bitcoin
Context I've been buying like every week, adding to my Salana bags, adding to a few other bags, buying more Bitcoin.
Full Transcript
crypto. Holy crap. We may just be back, guys. We got big news today. The Treasury piling money back into buybacks. This is sending risk assets soaring higher. Big cryptospecific announcements as well. We're going to look at the charts. We got a lot of stuff. We better heck straight into it, man, because it's a big big one. Okay, first and foremost, US Treasury Department announced that it's doubling its repurchases of government debt to help out the bond market. This instantly sent Bitcoin in the entire cryptocurrency market just absolutely effing ripping. At the same time, we had smart money positioning a few days before this actually happened, which is very, very The timing is very interesting on that. We're going to get to that smart money here in just a second. Tell you exactly who's been buying, but this is big. This is really big. The liquidity machine has turned back on. You have this perfect storm of events happening. The liquidity machine turning back on. Okay, this is QE. that's not QE in a big big fashion. Then you also have copper gold ratio flipping positive for the first time in a very long time. You have the ISM PMI for manufacturing flipping positive. The business cycle officially restarting. This all happened in the last few months. Very, very interesting. Then you had this. President Trump just said the US has discussed plans to buy sizable amounts of Bitcoin and other cryptocurrencies. as he went on to say after today's White House crypto meeting, "We're going to ensure America remains the undisputed leader not only in Bitcoin and crypto, but also technologies like prediction markets and artificial intelligence." Yo, yo, it's still on the table, man. Don, you got to buy some Bitcoin. Come on. Send it straight to like 300K, dog. Let's do it. Let's do it. Also, this news came out after basically the charts went completely sideways for a month. Complete drop off in volatility. We discussed these stats with you. been covering this the last few weeks in the in in the videos. Record low volatility, lowest levels of Bitcoin spot volume trading in seven years. That's not a, you know, beginning of the end kind of [ __ ] That's the end kind of [ __ ] right? And look at what happened. Everybody was short on the market. So, what just happened? A recordbreaking short liquidation. $2.74 billion in shorts were liquidated. That is insane. The only bigger liquidation event was the 1010 crash. This is the kind of stuff that marks the bottoms of bare markets. Literally, we just wiped out all the shorts. Everybody was sitting around waiting for 40k BTC. The Treasury Department, Donald Trump, the smart money, they just said, "No, no, sorry about that. instead we're going to liquidate everybody who was short. Thankfully, I was long. Anyway, more on that in a second. Bitcoin ripping here. $71,700 right up at the danger zone, though. I mean, a beautiful two-day pump. Look at that [ __ ] man. Holy cow. But, but we have to keep things, you know, breathe because daily RSI now at 77. Price currently sitting right at the 200day EMA. If ever there was a spot where this move is going to chill out and start testing people's conviction and get everybody talking about going back down to 40k in the next seven weeks, you know, this this is a difficult case here for the Bitcoin four-year cycle, bros, because basically you're betting that in the next six to seven weeks, Bitcoin's going to drop 50%. That's a big ask. It's a big ask at this point in the cycle. That being said, 200 day EMA, man, if we're ever going to get any kind of turbulence, it's got to be right here. What I would be happy to see would be something like this. just a big old fat bull flag. Do that for the next week or two and then blast higher. Bam. We'll see if that ends up playing out or not. But if we get a strong daily close either today or the next few days above the 200 day EMA, it's pretty big news because we just go back and look at our history lesson here, okay? Because the last time the price was above the 200 day EMA was in November of 2025. It's been that long. And we got one big fat rejection here in January 26, one big fat rejection here in May 26, and we shot in a straight line up to it here. So, if we're going to get over this big news, if we're going to have another rejection, well, maybe those dirty, dirty, nasty bears do get their cake and get to have their cake and eat it too. But, but very big move today. Very exciting. Everybody likes to see it. It's the danger zone, though. We got to get it back above the 200 day. If we can close a couple of daily candles of the 200 day EMA, we could really be so back. But that has not happened yet. We're currently sitting right at it. Quinton uh posted this. This is the highest Bitcoin capitulation ever recorded. This is the long-term short-term holder realized profit loss ratio. The single biggest capitulation ever recorded in the history of Bitcoin. So if you wonder like, yeah, 2026 has been rough. Yes, it has been rough. A lot of people got their asses handed to them. Look at this. And this basically coincides with exact bottoms of previous market cycles. Again, if you are betting on 40k in October, you're betting on something very very programmatic playing out when all this onchain evidence, all these technical indicators are piling up saying that you got to have to do a lot of work bears to get it down there. Black Rockck leading $500 million Bitcoin ETF inflow. Ether adding1 189 almost $200 million is extremely significant for Ethereum by the way because remember Ethereum's got what 18 of the market cap of Bitcoin or whatever. So a move like this is the equivalent of a billion dollar plus day for Bitcoin which everybody would say is a pretty damn big deal. So $200 million into ETH is a big damn deal. And then of course we have this the smart money. This happened a few days ago. The smart money was positioned for the move. Of course they always are. They always are, aren't they? Paul Tudor Jones buying IBIT. Look at this. In the filing on uh August 15th, Tudor Investment, uh Paul Tudtor Jones's investment firm reported owning 688,000 shares of IBIT valued at about $22 million. That's an interesting. That's an increase from 579,000 shares the uh previous quarter. So he increased his IBIT holding smart money buying Bitcoin and I mean like come on Paul Tudor Jones there ain't much smarter money than that. Okay same time Jane Street the agents of chaos they bought $630 million of Bitcoin ETFs in Q2 position total over a billion dollars in Bitcoin right now. Jane Street some of the smartest money out there. They bought a billion bucks plus worth of BTC. It's probably worth more now. probably more now. They're going to send it back. Guys, guys, sometimes it all lines up. Very interesting. And of course, we're not totally out of the woods yet, but let's say the end is in sight. It's very, very exciting. Of course, you don't want to count your chickens before they hatch and the bottom's only ever totally completely obvious and massive hindsight. But enough signals started showing up on that 57k push to say it's a good case to be made for that having been the bottom. By the way, my ETH long, which had been sitting there for a month, man, for an effing month doing nothing, finally hit its take profit target and that blasted another 180 bucks, 200 bucks past it. Well, you know, sly. That's okay. We made the money. 10 grand profit. Cashed on that one. Cashing in the chips. Nice to see. Love it. Love it. Great move. 39% profits on that ETH move. Took a little while to play out, man. But we did get it there in the end. Salon long still open. $2 and 40 about away from hitting the take-profit target. I have moved the stop loss up to the entry price. Worst case scenario on this salon as long as we don't make any money. Best case scenario, make it about 15 grand if it hits the $89 price target. Nice. Nice. Got to open up some new trades. Few more days vacation back home to the computer, the studio. Can actually dial in and do some more stuff for you guys. Get some more trades up for you. Anyway, if you want to join me trading over on Bit Unix, there is a link down below. You can trade crypto, XRP, Salana, Bitcoin, Ethereum, they got you covered. You can trade gold, you can trade silver, you can trade oil markets, you can trade all your favorite stocks. You want to trade Nvidia, you want to trade Tesla, you want to trade Oracle, they got you covered, man. Start a link using link, start your account using the link down below right here. Deposit USDT, start trading. It's as easy as that. And when you do, you're going to be in to win our weekly $5,000 giveaway. Now, I've been kind of slack on making videos this week, so we have actually have four winners to announce here real quick. 63156, you are a winner. You won $1,000. JSO at kco.ka, you won a,000 bucks. Congratulations. TYK@gmail.com,000 cash money for you. Go enjoy it. and 78023 winner winner chicken dinner. You got 1,000 bucks. We have one more to give away tomorrow. If you want to be in for that giveaway tomorrow, link down below. Go start your bits account. Start trading the way you should with freedom. All the markets available in one place. Cryptonnative rails. All you have to do is deposit USDT and start trading and having a good time. Link down below. Go check it out. Thank you very much. So, continuing. It's interesting because, you know, I I don't really play the memecoin game very much. I've got a little bit of exposure. Like I've got a little bit of Pepe, a little bit of Cash Cat. Like, okay, sure, we can screw around once in a while. But like this whole sort of like, okay, I'm going to got $100 in a dream, you know? I'm going to go spend all my day putting $5 in all these meme coins, hoping to call multi-millionaire. Like, yeah, some people do do that. Very, very rare, though. For every one person that does that does that, 999 people lose all their money. And here's the statistics for you because it's absolutely brutal. You're honestly just so much better off focusing on the majors, focusing on the revenue generating coins. You know, buy your Bitcoin, your Ethereum, your Salana, buy, you know, your your pump, your hyperlquid, your lighter. Yeah, stuff like this, right? Don't buy layer one blockchains. [ __ ] me. Outside of the winners like Ethereum and Solano, don't buy [ __ ] Anyway, maybe there's a couple of the exceptions. Something that'll come back like Sooie or something like that. Anyway, besides the point, generally, most of you guys are going to be better off just buying spot and holding. You know, maybe doing a bit of trading, learn to trade, learn the charts. I try to educate you guys on charts and chart patterns and indicators and stuff all the time, right? Playing the memecoin game. It is a losing proposition. Look at this. So, mo uh everyone's been chilling meme coins in the FOMO app recently, flexing six figure gains. Most of them are large. Check out LARPs. Check out the real stats below. Uh only six to 7% of wallets are profitable. Even out of those 88% people made less than $100, only 25 out of 292,000 wallets made more than $10,000. And almost all those are probably insiders. That is insane. It's the reality check of trends. Either you lose money or you're super lucky. Better try lotteryies or you're an insider. Yeah, it's pretty bad, man. It's pretty bad. Look, it's nice to see Robin Hood getting a lot of activity and maybe the NFTs and some of the other stuff that are coming out. You know, Cash Cat's probably going to be the main mascot runner of the the Bemecoin uh chain over there for Robin Hood. You know, stuff like maybe pawns or ston brokers. These are like a little more fundamentally driven owning the casino sort of thing. some of the NFTs that are launching over on uh Robin Hood chain might be worth your time. If you're doing this thing where you're trying to play guess which one of the 10,000 daily launches doesn't go to zero in the first five minutes, like it's a tough game, man. And here's the statistics. Statistics are going to tell you basically only 25 people made more than $10,000. That's [ __ ] nuts, dude. No, really. Only 25 people made more than $10,000. That is insane. I just made $10,000 on my Ethereum trade. That's insane. Anybody could have done that. Sure. A lot of people made more money on that trade. That's insane, guys. What are you doing with yourselves? Anyway, that's just a, you know, public service announcement from Grandpa Lark here. All you kids out there playing these memecoin games, hey, look at Ethereum. By the way, you know, I've been saying recently, it's quite funny because, you know, we see these pumps in stocks and stuff and it's like we can't even imagine what a 20% daily pump would look like anymore. Well, there it is. Ethereum went up 22% yesterday, man. Come on. Let's effing go. That is very exciting to see. We like we like seeing 22% daily pumps. Fantastic. Now, what's interesting about this, of course, also daily RSI at 82. I mean, this is some of these things had way too big a move, way too big of pops, way too way too fast. So, I would like to see some bull flags forming up those RSIs reset a little bit. But, we are over the 200 day EMA. This is the most important thing I want to point out here. We're over the 200 day EMA. We absolutely ripped blew right past my price target. Came all the way up here to 2330 bucks or something like that. That's crazy talk, man. Love it. Love it. Love it. Fantastic. Great move here on Ethereum. Leading the pack today. The ETH BTC ratio breaking out because Bitcoin went up like I don't know 7 8 9% or something like that. Ethereum up 22%. So a very big move relative to BTC here. Very interesting to see. I haven't checked my BitMine stocks. Hopefully I'm a bit man. Tom Lee, tell you what, Tom Lee in a year's time, maybe two years time, is going to be on the cover of what is it? Time magazine or whatever the magazine is that is basically every time the somebody from crypto shows up on there, a bare market starts. Tom Lee is going to be that guy. And there everyone's go, he used to be an idiot. Now he's made tens of billions of dollars. Yeah, when that happens, make sure you sell everything. Anyway, besides the point, Salana, nice move here as well. Not as big of a move. You know, Salana's just been playing second fiddle for a while here, hasn't everything else been having these big pumps and Salana is only up 14% today, which is not bad. It's not bad, but Hyperlink was up twice as much. Ethereum's up more. It's only up coming up to the 200 day EMA. Ah, Salon's been a slow burner recently. I'm telling you, man, this thing's going to come and come back and surprise a lot of people. Anyway, let's see if we can get over the turn of day here for uh Salana that's currently at $89 is where my take-profit target is here for this trade. Pump Fun attempting to break out of the channel. Let's see if the daily candle closes above that or not or if this is a bit of a a false breakout here. We shall find out. You can see this is the channel. A lot of great touch points along this. Let's see if that was just a euphoric reaction to the wider markets moving or if this is actually going to be something that can stick. So far looking like we probably closed back within the channel here, but it's pretty valid channel. Nice channel so far. Great price action on pump. Been moving very solidly. Strong revenues. I think this is one that a lot of people faded back here and are going to regret having uh given up on. Mando CFTC working to bring Hyperlid into the United States in illegal fashion, says Trump. What? What? What? Okay. I mean, one obviously they're choosing um choosing favorites here, but I think the CFTC if they can bring everybody in in a legal fashion is good. But hey, you know what? Screw it if you're a hyperlquid bull to the moon, man. To the moon. By the way, Draen Miller, Stanley Draen Miller, one of the absolute goats of modern investing, disclosed a $23 million position in hyperlquid strategies per purr. You know, it's funny cuz I saw a couple days ago, I put it like literally on the list things to do like when I get back uh next week like buy some of this. It's up 40% yesterday. Just ape. When you see Draen Miller aping something, just ape it. Stop thinking, Lark, turn the brain off. Just ape. Just ape. Hyperlquid. Uh x $200 million year revenue. USDC fee switch turns on in 10 days. That was August 17th. So that's about 5 days from now. That is huge. Another $200 million a year in hyperlquid buybacks coming. Dog, what is up? Crazy stuff. Went up big time. Yes, that's the Trump pump right there. Big time yesterday. getting right back up, of course, to the area of key price resistance where it has topped out many a time before, right in the $70 range. So, you can see one, two, not quite, but let's say three. This is the fourth time up into this area. So, if we get a breakout beyond, let's say $75 approximately. [ __ ] this thing's elevating uh straight up to 100 bucks, isn't it? Has not happened yet. If anywhere is going to get rejected, if there's going to be anywhere we're going to see bit of a cooling off, a bull flag may be forming up, it's right in this zone right here. So, just, you know, FYI. I know the pumps are great, but you don't need to go chasing the pumps. Hopefully, you've been accumulating spot bags during this time in the market where we've had a lot of time to buy stuff. I've been buying like every week, adding to my Salana bags, adding to a few other bags, buying more Bitcoin. Have you guys been doing the same or you still wait for 40k BTC in October? Let me know down below. You're awesome. Thanks for watching today's video. I'll see you later.
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