Bitcoin Gets A Massive Boost: Here Is Why The Bitcoin ETF Options Launch Is So Important
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Breaking news, and this is massive bitcoin just made a new all time high broken from checks, notes yesterday. Bitcoin seemingly going up every single day, making new all time highs. And IT feels like nothing stops this train.

But what's giving you this boost? We have a ton of towns for bitcoin. Obviously, everything happening with the election and new appointments.

But I think one of the factories driving IT hard today specifically is the approval and trading of bitcoin etf options. And we want to talk about etf, you know who we bring up. It's James safet from bloomberg.

We're going to talk about the reason these are so bullish and and how they're driving Price up. And of course, we've got Christopher ix of texas west capital on the back half to show you a bunch of squeakily lines on charts. Let's go.

What is up, everybody? I'm scot milker, also known as the wolf of all streets, before we had started. Please subscribe the channel and hit that like button etf are back on the docket.

I said about talk about the bloomberg etf brows and specifically James safer today, who is celebrating movember in spectacular fashion. I'm jealous. Maybe if I got rid of all of this, I could do something by the end of the month. Yeah.

i'm not messing around this month. This is A I go in full stash.

serious ful stash. For those of you are listening on the audio you're missing, just a thing of true glory is really spectacular and I see that you went and throw on your vest so that you can be the wall street mean guy as well a little bit.

But i'm also actually cold and it's the nearest thing I had to mean I was I didn't want to put on a party so maybe I shouted, I would imagine you .

makes for I really got dressed up for today show you can tell how seriously yeah I take IT when you when you come on so this and lets talk about etf option. So we'll talk about the general success of these, uh, uh, etf. Of course, the numbers are obviously astounding.

We've gone over a number of times, but etf options launched relatively quickly. So they were proved quite a while ago. We thought maybe gazer would kick the can down the road.

But this seems like the cftc when and just approve these the minute that they had the opportunity and they turned around, we're trading very, very quickly. But holly crap in these things really, really successful. They do ambiquity tf options is latest boost for cypher from us.

B, N, T, F options attract two billion on day one, shifting big coin market structure. Your tweet here, final tally, one point nine billion. And then, of course, air jumping and saying, this is absolutely unheard of. So I think very say this is a big deal.

Yeah I mean one point nine billion on day. So to be fair, that's also notional disposal is not like one point nine billion uh, traded hands. Uh, some of those contracts were worth like you know fifteen cents on the dollar essentially.

So um it's not actually that much money training here, but IT is that much notional exposure to ibt that treated hds. Um and as that charge showed, it's heavily skew to the calls. Like if you look at call options, I think over ninety percent of the call options that traded were heavily out of the money like above the current Price um overall, which is a heavy skill out of the money option.

Specifically, call options matter how you slice IT. And i'm i'm storly of the opinion. I know this if IT wasn't the driving factor, IT was very impacting and driving bitcoin uh, to new all time hires about ninety four eight yesterday uh, and today so yesterday I was only I bit that was large to start trading.

We're gonna have a few more E T S. Go live today without strating. Not all of the eleven or twelve bitcoin etf are approved, but are a good, a slut handful.

So we get, yes, H. C, 杭州 horsey。 See a bit wise.

See a bit wise. You have the two is scale, product fidelity and IT. Looks like arc also are gonna options. The rest are not going to have options .

strating a Grace style list that's cool for them. Relations ah I mean hundred said me this quickly. It's great to see that these are going to be followed up, uh, yesterday later because I think there is a lot of the classic hat conspiracy theory going around.

Of course, black crop gets at first. They're going to be the only ones that you know the regulators are choosing winners. They could get a nice one day had start, which I think is meaningful.

going to see these on all these products trade. I know not all of them. Just so there is the big ones, the ones to trade the most. They are going the first one. Honestly, I wouldn't have been out of president to only give IT to ibt.

They do have very like on these types of approval processes like these thirty thirty three act funds, these ones they have to go to that nineteen before process. I've come on your podcast to talk about the bund eard. Yes, the Normal like nineteen forty act open and fund T F.

They can have options like literally starting day one. It's just a separate process. And then that separate process, they're very restrictive about what etf cannot cannot do when do not have options.

Uh, the one thing I will say, so I bit a nzz deck so I shares a mazda or I bit is listed. They filed earlier, so they were the first once out the door to get a filing. They were also the first one out the door for filing for the theoria etf options, though I think A I C N C B, A, we were very close behind on that front. So A A theory of options are likely on deck. Uh, some time in probably the beginning of q twenty five.

I will take a look at this chart again. Just so people see eighty two percent calls, eighteen percent puts. Then you have an article here in coin desk procyon. Ta trainers are leveraging ibt option to bet on blackboard spec tf doubling to one hundred dollars. So interestingly, I mean, these are just straight up bets that big coin is going to go up, right? I think that there was a lot of concern actually that what you would see 我走了 of puts or shorting of the futures， you know, using options in such and getting long bitcoin spot for that cash and Carry trade, we can sort of earn a yal. But IT looks like when you take a look at these people are just Better on the Price bit going going up at this first day.

Yeah I mean, that's one one hundred percent what that is. I mean if here I actually i'll send you some other some other legs, the uh I I via twitter, D M O onions, some other charges.

But like the the one hundred dollar strike Price was the um the fourth most traded the third most traded contract Price that that would be equivalent up like a just shy of one hundred eighty thousand dollar bitcoin, right? So like that people that's a lottery ticket. And honestly, one of the top ten monstrances contracts was one hundred strike Price for the several twenty and twenty twenty four. So people that left a that is a month away. So I mean.

there's a lot people in on effectively one hundred and seventy hundred, eighty hundred and ninety thousand dollar bitcoin in in the next forty days.

Yeah that's just a call after or maybe they are trying to you know det a det like game freeze, you know who knows exactly what what what different people are trying to do? Maybe they are trying to go for in G M E, uh short squeeze pe of situation here game um that said, it's it's going to be a little bit hard to do that with within etf because unlike I mean, granted, bitcoin does have a very limited number of coins out there.

It's very hard cap at twenty one million theoretically though with these options, one that we then for something we didn't get into is that they're limited to twenty five thousand contracts. So each person can only hold the position limit is twenty five thousand contracts, which is the lowest position limit you can have essentially a which doesn't I mean I bits of volume alone justifies having like the the largest limit. So most E T S have a limit of two hundred thousand contracts or two hundred fifty thousand contracts.

I bit volume alone justifies that. IT just at the c ftc, N S C C worried about using these options to initiate underline market. I guess it's not that crazy of a concern to be worried about, but a twenty five thousand position limit is is rather low. That said, I will likely increasing like drive competition because theoretically right of year, if you're really trained this, you get up to twenty five thousand dollars a twenty five thousand contracts on ibid. You can just go to fidelities, fb, tc or gray scale or bit wise.

do IT across seven products.

IT almost forces IT almost forces people like use other products and drive liquidity to other products. So I mean, at the beginning of the day, it's like not very um you know uh capitalistic to do IT this way, but I think that is going to help drive a liquidity to other products fbc .

S A lot of sets. I mean, i'm still stuck on the people that are betting one hundred and eighty hundred and ninety thousand dollars bitt going by the end of december when we were talking about for the show I made to know not november joke. You are already november.

I may have or may have not asked if you're also celebrating no, no november guys, it's casual wednesday. But this is like these guys are celebrating huge brass balls december. I mean that and since to say that you think big coins going to double the next forty days actually put your .

money on IT is really bold yeah I mean, as far as i've concerned, IT is a lottery ket. Uh, I mean, we've see bit line do stuff like that, but I I mean one hundred percent after a rally like this within a days. I mean that the one that comes to mind is, uh, is when in twenty seventeen, in december of twenty seventeen, when bitcoin went from like around that ten k number, right, rides a twenty k at that really high .

number yeah at ten to twenty that market capsized is a very, very different move as ninety four hundred and ninety right now. I mean, the amount of money that has to flow in is just remarkable. And maybe some of that can happen, you know, with these options.

But listen, I think, you know one hundred gap by the end of the year seems crazy before that easy, right? We're less than percent away from that. I think everybody can imagine IT.

But starting to talk about anything above the one twenty ish areas starts to set a little crazy. But you just set me this. What do we got here?

Yeah I mean, so the the orange, the orange um bars there, Amber bars, if you those are put contracts and this is a number of trade contracts to buy the strike Price. So this is across all different maturity. So the further maturity out, which uh goes up to two thousand and seven, but for the most part, all of this was heavily around out of the money option.

So you could look like the the number one, there was the fifty five dollars strike Price right now. Ee bit training about fifty two. So fifty five is going to be like ninety seven, ninety A K roughly. So that's where a lot of the trading volume is happening over vying different maturity. But you can see, no matter how you slice at those blue bars on the call options, one their way bigger to put options, which you showed in that pyr actuates yesterday, but is also just shows the sky to heavily out of the money, basically upside bullish calls, call, buying to a to bed on bitcoin, continuing to run here.

I mean, these are huge, huge bets, relatives to the size, a big code. And people have long sort of pointed to the fact that once we get options, approve of the amount of just volume surrounding bitcoin is going to increase by many, many, many multiple, right? So maybe a two x, five x, ten x, these might be people who never even would have Bobby coin or traded even the etf themselves, who are just going to find creative ways to use these options to make yield and such. But this is a massive unlock for general interest in trading bitcoin or trading around big coin.

Yes, exactly. I mean, most people aren't onna run into that twenty five thousand contract position limit. I mean, obviously institutions can. But one thing that will definitely be limited is some of those products that would offer something like trying to get income or structured defined outcome like limited is on the downside.

Uh, but with capped upside exposure to pick coin, they can't really launch those types of products until those position limits are higher or and we get flexi options, which is basically more flexible options that was also allowed just yet. So I mean, I think all these things are gna happen. I think the decisions limits are going to increase. I think a lot of different things, we're onna happen um but they're not happening anytime soon and things are off to a fantastic start and we will see how the trading goes um with the other E T, S. That are getting options starting today.

bright. So what do we got here?

You said me this one as well. Yeah this is the training volume based on the um the expiration date. So um it's no surprise if anyone looks at options or trading or even futures, any sort of drives the things that are going to trade the most, the things that are spiring closest.

Uh so that's the december twenty, twenty, twenty four contract that at forty, forty one percent of the contract, the next one was the following months january twenty, twenty five, uh, thirty percent and then so on. And so for so basically you get further further out the the amount of volume and options contracts, the trade gets lower. Um but you can see that uh may of of twenty twenty five in january of twenty twenty seven, we we go out pretty pretty far.

Um and this is the total number of exploration tion dates on the contract right now. So um it's it's rather small um that usually there are there tends to be a lot more expiration days. There's weekly expirations.

I mean, we we there's plenty of product now uh of stock now that have zero day election products. They busy of one day options. So um this is just where we are started. I don't know exactly how long have we take to build up to have other exploration contract dates, but um that's where we started and we will see how quickly things progress. But based on how fast things picked up yesterday, I think you're onna progress pretty quickly.

How firm of the conclusions that we can draw from one day. I mean, and today, we see like a million puts come in because people are doing the catch Carry trade or other things like that or is a pretty good idea of what's gonna as these build at least while Prices, I mean, like you said, let's see if the drops ten or fifteen percent, what those options look like, right? The Price of this point, I mean, can we will get Better, but there will be a time when basically goes down ten more percent in probably couple hours.

Yeah I mean, I would argue you get much hier percentages if you expand the time range uh of downturns. But um yeah I no I I tend to lean on the fact that I think one, no matter how you slice the options on the etf are going to be impactful to Price.

Like I said at the beginning, I do think the fact that this was heavily sky toward calls and out of the money bullish calls, to be specific, uh, anyone selling those options has to hedged those positions. So um it's if things start moving in one direction, these options and you know the different greek letters that these dealers are exposed to could start driving bitcoin Price itself. So I think one is going to be impactful on the Price.

That's something we can definitely say. Uh, is he going to stay this heavily secured towards calls? I don't know you. You're right. We could have puts come in like today and overwhelm the trading that we saw yesterday, right?

Uh, but a while is bullish and while things are on a ball run while bitcoin Prices running up, uh, IT just seems like IT to me. This is we're pRobing in a little bit more at the same. I mean, time. I'll tell i'm i'm gonna watching today to see exactly what type trading volume we see in these contracts. But uh, I tend to think this is a little at least indicative of where things you're going to go.

Maybe not as extreme, but I think this is what these are gonna use for for the most part at least until um you know I might takes some time for some maturity to enter the space, particularly if we get like a hired position limit. Flex options are allowed. All these different things, they will see a much more diversified exposure across like you know different strike Prices and uh different expression dates and put a more Better ratios that puts uh put contrast being allowed out there.

I'm talking with the biquet chart, like I said, another new all time high today. Hey, there was a period there, like four days where I didn't make an all time high. I know people were very paddies that we need one every single day.

But I mean, here we are, ninety four thousand, three hundred dollars. But I look at that chart, and then I click over to this one microstrip gy hole in shit free market, four hundred and sixty two dollars and twelve cents. IT was IT just past three hundred last monday.

IT just past four hundred yesterday, IT just past two hundred, like two weeks ago, three weeks ago, now is more than double at four hundred and sixty two, making microstrip gy one the top hundred us. Public companies by market cap. And a lot of people, the reason, bring the sub viewed microstrip gy and options on microstrip gy as a proxy for trading bitcoin or sort of a leverage bet on bitcoin and showing the road map of what could happen with options.

I'm now i'm at the point where people sending the screen shots of how much they made on their call options at microstrip gy. But I mean, is is this kind of laying out the path of what could happen? Or has microscope now jump the ship completely because of his convertible note to the mountain? Is buying in the amount of money he's spending and raising to do IT?

Yeah, I think it's a little I think microstrip gy is a unique situation here. I'm not going to pretend to be uh, an expert on the fly wheel that microsoft has created in demand for his uh his stock and being able to turn that demand and to only more bitcoin, which creates more further. I mean, it's basically a fly whis best I can see. And those numbers are .

just actually in mind infinite money lish. I think yeah you're looking for yeah the scary term at all guys.

The other thing I would say is like I talk about the fact that forty product can have options listed on day one. I mean, there's a bunch of levered microstrip gy etf that now have like multiple billions of dollars and then both because they run and because the money is pouring in. M S, T U, M, T, X, there are two x microstrip gy.

They had options from day one when they listed. So did some of the other etf so that those those E, T S. Are trading heavily, the extremely heavily traded. There's a lot of options trading on them. So people are not only just doing call up join M S D R microstrip gy, they are also doing on the two x leverage version.

So if you had out of the money call options on the two actual leveraged uh microstrip gy etf with the strike Price, uh, way out of the money, you've done extremely well over the last few days. I mean, now I every I constantly yet people asking my opinion of microstrip gy. And I got like I work and trade fed. So I talked to a lot of people that like that. I think I want to sure that IT doesn't make sense and i'm just like I do I am like this is not something I would mess with IT like I personally like your if you want to go longer and take a shot of momentum continuing, I guess I can understand IT, but like betting against this cratering while it's on this run like I do, you have you you could easily get run over in the way things have gone. So with some of the people that like have asked me this question in the last couple weeks ah, I hope they didn't actually enter those short positions.

We we saw i've talked about this a lot, but even on these huge, huge bitcoin upside days where you know Price what up eight thousand dollars in the day, the largest day ever, half the liquidations were longer because donkeys use fifty x leverage. And that move during the day for one hour, where IT goes down a couple percent, gets them liquidated. I mean, you don't just jump in front of a moving train.

And those are people who are right. So imagine me on the wrong side and trying to short IT right. You can you get liquidated going along on of the best day ever just because of the volatility within that day? And microstrip gy, i've got to imagine now is far more volunteer live than that.

It's A I, I, I, I look at microstrip gy prety much every day. Now I just look at the Price just to see what's going on over the last I always arted doing that within the last couple weeks because i've been like, this is getting absurd um but yeah definitely not a microstrip gy expert uh, huge rate of microsoft but not not an expert enough to talk about exactly ah what he's doing there.

And and I mean, all I can say is he's been it's been extremely successful. Anyone arguing that like I see people talking about how it's a shame and all the stuff and it's like to the score board in this world is the stock this is the Price of the stock uh and same thing when people argue about like elon mosk, just like just look at his companies, look at the valuation, look at at the market. Yeah, this is the scoreboard.

Like, this is IT. IT can change the dally, yes. But like right now, this is a score board.

I am melt enough to remember when Michael seller was gonna poor, he was going to go broke because to get liquidated, if Price wamp allow one thousand dollars. That was all over. He was the domus person and all the finance. And now he's like the warm buffet of you. Our century and IT happened in the year.

Yeah, we will say.

yeah, we we will say, listen, game me like I I Brown of that mean but you know the famous me of the foobar high school ball .

players that I mean, my thing is like you you talk about Price under under twenty k it's like back in like twenty eight, twenty, twenty, remember and even in twenty years, like bitcoin is dead. It's under ten thousand. It's down at like three thousand dollars.

A coin like this is completely that it's worthless. It's going to zero. And then in twenty one IT was like this things downer twenty k it's dead. It's going to zero.

And I just look forward to seeing next year whatever like what what what number that is, is like, oh, it's under it's under ninety k it's dead and it's going to zero like every every couple years, the number that the the people who hate the space point to get higher and higher and higher. So uh, that's been the trend. Uh, obviously can reverse, but I wouldn't I wouldn't bet on that.

So I got another piece of new year. Love your take, Justin. Switzerland in twenty one shares introduced the theory um staking in a theory um core E T P, rebranding IT as a theory course staking etp. Now that's not the united states product, obviously, but anyone shares does a Operate in the U S. Or at least they participate a number of the etf ah that we have. But IT is interesting to see sticking happening elsewhere because I think a lot of people have pointed to the theory um spot etf having no real chance unless they introduce staking because anyone sensible or just buy thereon and stake and earn a yellow instead of buy me .

etf yeah I mean there's there's a bunch of staking etf in europe. I guess they want to make put that in the names. So it's clear front because a bunch of other issues have launch products, products that have staking in the name.

Um there's one in canada and I like you said that one depending the detriment of like actual the spot in theory etf here in the U S. But if you look at what's happened to the flows for A T over the last you know basically since the election, they've risen from the ashes, they've risen from the dead. So they had net outflows of over five hundred million um initially through november fifth.

They launched the end of of july um and they flip to a three hundred plus million inflow. That's an eight hundred million flow swing. Uh basically if people pouring money into the theory E T S right around the election. So there is demand coming in from the space.

But again, as you said, until we get sticking, I think it's hard to justify if you can access you know another product that uh, another E T P or another product that allows taking or you can just stake yourself. It's hard to justify unless you're forced you unless you actually can't touch the underlying asset, you need the etf. Rapper, it's kind of hard to justify, you know, buying in a theory in etf, what no matter how bullsh you are because IT makes just makes more sense to guess. He asked yourself, take IT or go somewhere else where you can get to a product that .

offer staking yeah, I just want to as we got a couple more minutes, there's an article here that cut of touches on the topic.

Robin hood, the top cyp to deregulation trade bernstein says, okay, but I just want to generally ask you, how much do you think the election is going to sort of unlock the crypt of space? And of course, how much will affect the platforms like rabbin hood, where you will be able to trade these options and these etf you are already had, obviously. I mean, IT seems like a pretty big deal that these guys are going to basically be able to list whatever they want.

yeah. I mean, who will they be able to list whatever they want? I don't know that necessary case. I do think like we're going to get some clarity about what's required to list these things, security, what's a commodity. I also think some of the clarity is going to like the space is like we're finally clare here.

I I even if we get the best people in these positions, there is likely going to be things that are you know outline that this space is not going to like they are just not going to be happy with is going to be like we wanted clarity, but not that clarity. I that the way i've view IT, but but I really do this is extremely bullish for the space as far as i've concerned, the election. I mean, you can just look at the Prices of all these different coins, particularly bitcoins ala you name IT um the the defy tokens like ova and others like they've run big top.

And I think that makes complete sense. I mean, even even if we don't get the complete like regulatory clarity, there's not pro h crypt o bills coming through the the senate in the house. There's not all these different positive things that potentially happen even if we don't get a strategic bitcoin reserve.

What have you right? Just the fact that it's not going to be an administration across the with regulatory agencies across the U. S.

With their like foot on the throat of the industry. I mean, there's plenty of people companies that couldn't just get bank account sellers. They were there. These companies coin base crack and you name they are spending tens of millions of dollars on a regular basis to defend themselves in court.

Like if if that just even if that doesn't fully stop, I think I will stop and I think it's definitely going to slow even that is extremely bullish to space, let alone the other things that can happen to help like you know, clean up exactly how this this space needs to be regulator, how would should be viewed and what have you. So I don't know. I just think that makes complete sense.

I i've actually talked with a bunch people eternal little like this is over done. This doesn't make sense. It's just an election. And i'm like honestly, I tell people for stocks and other things like don't worry about the election for like your investments, like is no matter how you look at IT, like the stock market ten ago up into the right because capitalism takes over the the president can only do so much but in the crypt to space the way things have been the last four years in particular, um I this is extremely positive for the space even if as I said, even if we don't get like half was the half the things that uh true and different people promise. However.

I will read into nine thirty perfect timing. Uh people are naming you ever here. We've got mic mid one thousand nine hundred and eighty three for my staff, and I feel like we got run bargee whales.

Were you? I know. yeah. I mean, guys who do you think that five times go? Who do think he looks the most? Like, I like ground bergey. It's pretty good.

pretty good. I'll take you. That's a solid stash.

yeah. And this is a solid stash. right? right? Guys, you can follow James on x, of course, tag down below.

James, thank you. Was always. Now let you get back to your actual job.

Thanks god. Every good day.

Have a good one, right? Guys, always magnificent to talk with James. I can grow my stash like that. My face gets very, very easy. Uh, bitcoin, currently trading at ninety four thousand six hundred and seventy, eighty, ninety four dollars, a astounding, astounding.

And you know what we were talking about, obviously, the volume of options and e tf in the united states, you know, it's actually getting a lot more volume, more accounts doge and X R P. If you guys didn't see this, south Green traitors are known for pushing your fork rallies on tokens understate of the century. These guys are gambling cricket with huge stacks, and they D G A F.

About anything. And they are trading doge coin and erp with higher volume and biton. Absolutely amazing what is going on in this market right now. Going to bring on, Chris. Maybe you can come us down and chill this euphoria that the south koreans are having.

Yeah, I don't think i've get kind of pool.

I I just happen to see the market open and microstrip gy up today. What have we got? Uh, yesterday opened to three eighty seven up another ninety box today, just that. What is going on here?

What tell you, man? You know, everybody get excited about bitcoin, right? I mean, whether you you know whether you're looking at the proxies, you're looking at big one itself or whatever you do.

And I mean, everybody y's getting kind of excited about IT. It's hard you do. It's hard not to, right? I mean, we can even look at the at the minors right now and they're all up Green right now.

Begin the day other well, i've got about seventeen of them here, but other G R E, E, it's the only one is down. It's down like half a percent and even that's raising so I mean, you know if we look at our know our list of minors, our public minors is just they don't Green with IT microstrip. Gy, no surprise, we an initial target uh there are around the four sixty six with a secondary target around here that we just hit um at that four seventy four.

So and you know and I said the likelihood was because we were coming so strongly through these ohio its that we would over extend into the r five pips at least. And so that's kind of get up there around five point one maybe you know five thirty two at least as we kind of continue to push that rally. So um you know again, microscopes are really a surprise.

You know, i've been talking about this triangle for a while. We usually get a thrust out of the triangle, which was what we've got here um which is it's just been a good play overall. I saw that wall street bets is a trying to load up on puts. So the water .

on staying poor.

没 车 也 还 you know .

IT is if you .

step in front of a moving train， I mean, technically you look at the charge, you go, yes, it's probably topped out are pretty close to IT.

But yeah but if he comes up another twenty percent before crashing forty, you'll be liquidated ten times over and you will be relevant.

No fundamental .

or technical reason to look at the chart and pick a number where this is gonna stop.

Yeah and and that's the thing. I think that a lot of retail um misunderstands um you know they try, they want a time, these reversals, these tops in these bottoms. But the way you make money consistently the markets is you trade in the direction of the trend.

Don't step in front of a speeding free train, right? Um you know it's it's it's just crazy that we see this um you know cycle after cycle and and sometimes even with the same people uh you know some of the same accounts, bigger accounts will be out there and they be tried to continually talk time. I'm going to short here.

I'm going to sure to here. But why would you do that? Especially with something like bitcoin or you know bitcoin proxies like microstrip gy, know the miners one. Now why are you going to step in front when they are really just kind of flying IT doesn't make a whole lot of sense other than you think you want to be cool and you think you can do IT. But man, oh, you thirty years of doing this, you state you just treat the direction, the trend.

I mean that for most people, if that's what they did, that would eliminate at least half the bad trades they take at least um you know and put him a lot further up. And at the end of the day, trading is all about making money. I mean, yes, well, you know and I saw your guest earlier, he said, you know, when you talking about the big score board thing is about the Price, right? But I mean, for traders, that's what it's about.

It's can you consistently lock in profits that your score board? It's not oh, I got this one trade this one time where I was able to make a few box, was able to guess properly because most of the talk, you know Prices again, you know when he gets going, it's stuck in to stop often where you think IT is. So you know where we're just continue writing microstrip gy up further and uh you know will look for the reversal when that happens, we're going to trying yes, you know just tomato ally put in a short of these target that does not make a whole lot of sense, right?

yeah. So this if we got big, quit making new all time hires seemingly on a daily basis. We just mentioned maybe don't want to just short this at at the arbitrary moment, but is there a target you're looking for? We think at least this could the a bit of steam or consolidate, we kind of just did IT.

Uh, and then obviously will sort of take way into what this means for all coins as big coin dominance seemingly continues to make a new all time new, not cycle high, that all time high obvious, but new cycle high after new cycle high. I guess last week I got up to sixty one. Now it's back to sixty point seven. But still IT was below sixty just a day or two ago.

Yeah yeah exactly. And you know with bit IT hit the initial pattern targets. So again, you know H I always do this thing where we kind of measure out the pullback and then you're looking at that one six, one eight and right up, they're just shy that ninety five thousand area we're hitting that.

Um so I mean, that's an initial you know but with big coin, we often go well beyond the initial target. So again, i've always said, you know listen, that will be the first kind of thing we look at generically um again, like microstrip gy, you know uh where you have the strong movement through the pivots is is very aggressive movement. We're seeing that same thing here with with bitcoin and so won't be surprised at all to see rilling up a hundred day to one hundred day and a half appear at the r five pivot on this a daily chart.

If we zoom in out to the weekly, and if we get to see if we get trading beautiful of their, this are five private, again is up here around one hundred and, you know, one hundred and seventeen or so. Again, very, uh, aggressive moving here and then a lot of side ways. But here we go, aggressively moving up again.

So you know what I found a trading pivots, uh, was that when you get this type of aggressive movement up from, usually you can hit at least the r four, most often the r five or higher. You're going to run through all the resistance pivots here and just kind of make you run through. So um you know again, that kind of wear we're here right here i've got this is five i've got at one, two, three, four and five years.

But then again, just a general account. I do think way five year will continue to overtake tend much higher. Um so you know given some targets on the past, you know we look up around one hundred twenty five hundred thirty, two hundred forty six, one seventy two, one seventy four, potentially two twenty four, two twenty eight yeah you know IT depends on how much IT over extends, but these are the different target levels that i'm kind of generally a generally watching as we continue rally.

The real question is what happens here to hundred thousand and right? So hundred thousand is a really psychological round, number tens, number zero, number all you want to say. The usually there's one of two things that happens very rarely in psychological levels are like that.

When you pull up above IT and then back back down through IT and then back up, we kind of just hover around IT most of the time. What you'll do is you'll get an impulsive break out through IT, pull back and retest as support and continue higher or you'll get rejected at IT, pull back and then do the impulse break up. Um and so that's what i'm kind of interested in thing here.

How do we how do we approach that hundred thousand area? You know do we get the rejection in the pool? Maybe eighty thousand or something .

I D are going in to nine thousand and hundred and fifty nine dollars and ninety nine cents pent back to test the old IT all time highs seventy four thousand.

And you know, we'll happened some for be out there, old man. I head a target to one hundred thousand and were just one penny way and I have IT has to get up there before I take my profit. No, no, I see what I can.

You imagine you know how to press? People will be at seventy four thousand and for you, and ninety been dying for seventy four like two weeks ago. That's that's the part I love. I may also love the people that, like, I literally saw people on x and not your name names who I remember when they came at, like fifteen thousand, five hundred at the bottom of cycle or fifty eight saying all by twelve thousand, yes, right? And i've seen people who didn't buy the entire time who are now saying they're looking to buy at seventy four thousand dollars on the retest of the alti.

Yeah, but that's what happens. IT happens every ycl retail comes in. What really kind of started thinking about coming in when you get to new all time highs, they miss the entire run up. You missed that fifteen sixteen thousand and seventy four thousand um you know heading up there and it's you know it's it's painful for me to watch you been watching you for years in different markets in difference cycles, you know and uh but the one thing people should undertake this is obviously that people are the same, right? Every cycle we get new people into the markets and they do the exact same thing over and over again. And it's the same thing whether you're in stocks, whether you're in fox, whether you're in cyp to whether you're in whatever IT is, it's always the same thing um because human beings tend to act a certain way um and so yeah you know we just get there and uh you just can write IT up and then they kind of come in you know in the new all time high you're like where have you been the last you know for the recent for x where've .

been so like yes. Probably actually buy the ninety nine thousand nine hundred and ninety nine because they are waiting for the explosion through one hundred and it'll just be down to twenty five percent like a week later.

Have fun do you go right?

Cell seventy four thousand and set of buying IT that's that's my new scary by ninety nine cell seventy four IT goes to one of o well.

looks like before we judge on the all year, um I just wanted to point out, you know again, when we were down here, I talked about likely just get the break out and then this a accumulation on the rise as that continues going. We IT looks a lot like we're getting a similar move here. Um we've got the big breakout.

We've got this overlapping slightly higher highs and lows coming up here as were doing here. So I mean, realistically, we could i'm not saying we have you know just copy this move and pace IT over here and we go, but you know were realistically seen the same kind of idea where we're just kind of get some reaction mulato as IT continues to rise fully grind up, hired there. And you know a lot of times that's the product of this long sideways here.

The longer you go sideways, the stronger and further your break out gonna be um so you know again, the idea of that the top is in now or what not. I I still think this makes absolutely little sense. We are the same.

You say all about looking at overboard. We are on on our science to casa side. But again, same thing right here, right? And we we completely reset this sarcastic as I here as we continue to rally and we kind of just pull back.

I mean, look at this R S. I from well overboard here, ninety, about ninety, eighty nine, all the way down here to around thirty six. And what happened in that time, we just GTA rit up here, from my thirty two up to the pull back.

I said, I see some. I mean, you can see that there's potential bear's divergence right now, right? It's not confirmed, but I was that but it's you know he just gets followed by hidden bodies and you know ends up pushing up.

But I mean, yeah, we put in a lower high here on our side. Maybe we get that pull back, but that could be well over hundred thousand even if that happens. And the weekly is just getting back in the overbook, which is the power zone like you know, for people get worried about over bot our side, but time frame matters. I me, you can stay over bot. Look, big coin in the last cycle and october twenty th hit, october twenty twenty, hit over boat and stayed over boat until Price was sixty five thousand.

Yeah, yeah.

You want to be overboard. More of the stories. You want to be overbought on R. S, I, on the weekly. That's just getting started.

Yeah exactly over box just tells you that the trend is extremely bullish under soul or oversoul just tells you the trend is extremely barish IT doesn't mean that how is going to reverse immediately. So you know again, if if you try to short microstrip gy, you know what did you do, right? Let IT tell you it's ready to to kind of potentially your reversal.

Don't be gas etic because you know, to get we get out there, people use meno trading is a gambling thing. Instead of being realistic about itself, well, let's go jump over here, man. We get some some all here.

Um I got B L U S D here. Uh, we've got in a lot of these when you see a lot of these um all this is what we're seeing. We're seeing these ranges is accumulation ranges that they're just now breaking in, out of now some of the already taken off, but you going to see IT more to you like this here today.

But we've got a one in a two year, three minimum expected at three dollars in one center. So secondary target up there, three dollars and forty seven cents. So you know, we're getting ready to kind of break out really kind of take off in this range and in head on up, and that's just way free.

So you know, we get to wait through. We'll get a four pull back. We will get a five higher.

We're get to pull back and then, you know, chop a pie again. But the the entries are looking pretty good right now. We've got bobo USD here again. Large accumulation range, no spring. Just the last one to support right here at the s one pivot here on this daily time frame.

We're trying to break out above the pivot after the descending wage and throw under I mean, every is such a perfect set up to go long right here. Um initial target thirty one point one seven cents, secondary target thirty six point thirty. This coming up here, big picture on boba though is.

That's a one that's a two right around seventy eight six. So I mean, I think you know ultimately, we need a break out higher just to get to the all time high. It's already a dollar twenty eight or so from you know, we're still kind of a twenty censor right now. You can see the weekly as a tone of room here. I mean, the set up is there, right?

I'm just laughed at a bob fet bob at boat joke or the .

quality with a little, my son loves that. H H, F T here a USD again um multipoint the accumulation structure here. This one had a spring right here around the s one vivid.

We have to break out through the sending resistance, jump across the creep care, which is the break out through the um through the supply here and we're heading a pie. I've got initial target up there around point two, three, nine, six on that. As you can see that the previous kind of level of support in resistance as well, low volume node IT allies really well as as well as being the target there.

So we're looking at that break out to kind of Carry us up there. And in most likely, you know, we get rejected. We pull on back down here to around sixteen, fifteen, sixteen cents and then we can really take off, uh, for the next move up.

You know you like a one and a two, and you get there three heading back up there. So pushing through this other low volume note here, given around forty censor, what not is a heads up higher. Um K S M USD here again, mult month. The and all these are coming right here from that that August fit the flush that we had right there is all worried about was like, oh my god, you know, yan Carry train explosion .

ba .

ba ba that but again, pull back right to the s one period the all of these such great, you know areas of where you're looking for to get that reversal um that gives us you know this is a one or two we got a three up here, minimum m thirty two sixty secondary targets to thirty and nine thirty five. Uh so you know either before after the the low volume note here, a pod usdt.

What is IT again, same thing cumulation with the descending wage throw under s one vivid, huge bullish ed divergence here. And so we get a one and a two, and I believe that's a three and a four is complete here, almost fifty percent full back on that four. Um I actually not want them.

See here, get the wrong place where we go. Yeah fifty percent pull back. Perfect secondary way for target based on the heist full bank that gives us way five or period about point zero three, one and one.

So you know, a lot of these given us just about one hundred percent. So on the next move, a coming up. But again, that would also give us five waves up here, right around the previous swing high, which is what we generally tend to look for an airway.

Uh, we get R P L U S D here. Um yeah, once again saying my idea here, though not quite, is as far back because this August pith was higher than here, but none. There's still looks like we've got accumulation here. Good volume and extra profile here GTA one IT looks like we have a two here. So if we get to break out back above the swing high, regular at the was at the daily David, right around nine dollars and seventy five cents, you pull a break I can close about, you know, close above that minimum, expected way through target, up at seventeen ninety secondary target at twenty dollars and eighty five cents.

So you know, again, a lot of alt, the deal that seems like every few weeks, we come on and we talk about us for last few months and the structure and how similar is um and you know again, this is something to pay attention to because you know crypto is a really unique market in that um everything kind of moves together. So you're ots generally tend to look about the same structurally, which means if you get in one, you can probably find multiple others to get into as well. Now you're going to have some that have already taken off and gone well and done their thing. But you know great percentage, we're going to look about the same. And so you know if you're looking across the charge, you can see in that gives a little bit more comfort, I guess, uh, in potentially getting in uh and you know and even finding multiple uh trade to get .

into with man, i'm O K. I just happened to take a peak at the coin base charge to somebody mention IT and it's it's back to the same levels traded at the first day.

back back when when crammer said first day .

right there, we're higher. We're higher than the closed on the first day of trading. And I start right a good school GLE on this one.

I 是 had Better tech， that a coin basis, my largest stop position, because I love exposure. That's pretty good swigged. All right, there was a lot higher, but still once sixteen to two eight. But I mean, everything that you big way to James is absolutely flying. I guys to take a lot of coin base jokes like the Price was down here. I would post pictures of school by divers holding bags and say, I was so other water, but I bought this whole time is now i've cumulated is such a massive of going best decision. It's almost uncomfortable and I I love IT oh yeah.

it's it's been it's been actually great. I mean, it's following we've got a trade out with that right now with our traders globe. And you know we're finally starting to get near the take proffit on that, but it's been in for a while.

It's been a good trade. Uh the microstrip gy of course has been a great trade um a lot of minors. We've some really good trade with that uh especially when people were all down trodden about IT. Um you know the the other ones in theory um theoria has been another one everybody still kind of downtown rod about IT, but IT continues to move higher.

Um so you know there's there's something in that you know when people are overly you know negative about a specific kind of stalker, something you know doesn't necessarily been there wrong, but you definitely should really start paying attention at that point. Look and go. Is this going to be another one of those trades where we can really kind of bank on there? Just being so so negative about IT.

I found I found that I twisted IT. I found the squirrel. The squirrel that there is at once is just a feral of this is twenty eight, twenty, twenty three, a year ago.

Mad, a street that was, hi guys, you can find tx, west capital on ex. You can check out everything he's doing, enjoying this group learned to try from him like I did, come on, do IT. This is the time. This is the time, although you shall to learn before that you actually don't stuck now. But this is the time IT to be yeah.

yes. If you're not if you're in their gamble in IT, just I don't do you guys it's such a waste money and you're in a wait so much money you look on the losses on just gambling even if it's not for me, I figure out how to trade from somebody, uh, that's the lifestyle can give you is amazing um if done correctly all right I agree .

with him mostly you want to a correctly though so be careful out there and just maybe buy some big coin in the Michael seller all right that's all you guys today. Thank you so much. So next week won't be because of I will be off, will be here monday, tuesday, but pride, not wednesday, thursday, but I will see you guys. Student, thanks. Stress, always appreciate.

IT 再 go。

let.