Massive Win For Bitcoin! Why The New All-Time High Is Just the Beginning!
55:51 Share

Donald trump in the republicans one a landslide Victory dotal trump likely winning the popular vote. Come Harris, literally underperforming in every single county in america. IT is clear who is the winner of this election.

The republicans also have taken the senate and likely to take the house. The red sweep that might be go and talks about every day seemingly has happened. But I think we can all agree that maybe the biggest winner in this selection is bitcoin and the crypto to industry as a whole. I don't know if it's just his mitt or good planning by the producers, but man, having market youth go today this morning on a day like this is a dream come true, maybe Better than even the election win for the cypher industry guys. Let's go.

Was up everybody. I'm Scott ka, also known as the wolf of all streets. Before we get started, please subscribed the channel.

Hit that like butter. Get to just bring on mark right now. I told you right before. I'm just happy that we have a clear cut winner, that we don't have to talk about this for another weeks or months that we can go from what is likely to happen to talk about what actually happened for one.

So awesome, so awesome. So many things. You know, I think we need to have like two hours, but I know we don't have two hours, so will you.

But I I do have to do to reveal. I wore the orange pants yesterday for, you know, the bitcoin wave. So I got the Green on today for the Green candles. I make candles, so I have the, you know, rocket ship, the coin moon.

So yeah, someone said what I wear the the wolf socks today, because I tweet out yesterday that we are the extreme junction, right? We're going, we're going to see if the wolves or the sheep win. And I and I really, really believe that is, is we we had this situation where just had the mindless followers of of policies that were, which is bad, and you needed some strong like huts, but to back IT up.

So IT is the wolf of all streets. We talked about the wolves. The wolves have spoken. So dude, you know what he means?

IT means that you're the first person who ever made me do IT when this was an audio only show.

But we're going to do were going to how we're going to have three, three, two, one you heard of here first guys. And speaking .

of your Green pants and Green candle there, IT is, I mean bitcoin starting the day yesterday, sixty nine thousand and eighty eight as last night, a pms only thirty hours ago, above seventy five thousand, seventy five thousand, about four hundred, and currently still trading above the recent all time. I, these whales, whoever, whoever has fun painting our charts, their poets, to do this on election night, as the momentum was increasing, the odds of the trump Victory. Watching that candle go up there is something pretty poetic about IT IT.

IT was amazing. I was poetry. I agree, short sellers just got react, I mean, completely reject, and there wasn't a huge trade.

But um no, we run fun. More greek digital, and eighty percent of our investments are in equity of businesses building the digital future. A I blockchain ships data, twenty percent can be in liquid protocols.

And and we don't trade, we accumulate. And so we were getting ready to make a capital call. And so IT just happened that the timing was right. So a night before last, we bought a nice chunk and you our timing was was quite good. So he works.

So this is, I try on this channel very hard. I an unaffiliated. I'm registered unaffiliated ated. I like, I like to remain as unbiased, and I try not to, like, inject my personal. Initially, I feel like it's my job to discover how policies and news affect our industry. So regardless of your feelings, but they're one as you voter, whether you love this or you hate IT, objectively, this is huge for the crypto industry.

There are not even work. There actually aren't. There aren't words. We we could not be positive enough, Scott, to to that point.

And look, i'm prone to hyper ably like that, that time and and but but even I could not be effusive enough about how positive this is and and up. Do I think the thumb is a giant big corner? no.

Do I think that he is an incredible opportunity? St, absolutely. And he got somebody told them, and whether IT was, you know, the weak, or whether IT was a son or IT, definitely matter.

Could have been David bit, I mean, could have been any number of people told them, you know, there are two and sixty million people globally on this thing. Really tell me more, well, you you could be nice to them and some of them will probably, like you tell me more and i'll never forget, I miss that. I won.

never. And they hate your .

opponent exactly, exactly well. And and that was the big full paul. On the other side is they could have done this first, right? They could have embrace, but instead they double down.

And there's a reason explain why they did that, which again, mistake. But I I do understand why they thought I was a good idea. But the thing i'll never forget was big coin, twin, twin four, the dollars there, right? And invite homeland.

He says, no, which should get mistake. But uh, he gets up there and he says, on day one, I will fire here and the place, I mean, the place went crazy. Even he was like, shock you like.

he's never say again.

never say again .

and crazy y again.

And I was like, wow, that was, that was a moment. And in that moment, IT wasn't quite as as profound. But do you member the video of trump getting roasted by obama at the press cordiner where you saw the light bold, like he's like, OK molothrus i'm i'm running for president and I mess up the first two times, runs an independent, all of this stuff but but the light boat that was a light bold, not quite as extreme, but but IT was amazing to watch this guy okay, i'm i'm in and and then he surrounded himself with other people.

I said, this is the thing that great presidents do and and i'm not gonna to limit, say, you know, he's some great person, but great presidents, reagan, clinton, gfk, what do they do? They surround themselves with excEllence. And the last time he was in office, he did a pretty job. I give me A B plus for that. This time it's looking like an A, I mean, so far, I mean, R, F, K, I mean, I I don't know, he s really going to be the head of the dose.

You might must play a pivotal role in spring. The selection.

oh my gosh. Sh, I mean, incredible and self people know this about me. I have not been historically the biggest elon and fan boy, but in the last month, I actually consumed a lot of content, including, uh, not I have a watch the whole thing, but a lot of the rogue and podcast i'm coming around.

I mean, this guy has I know maybe he's changed me is more measured and he always been have always been been really good at execution. But but he he's just so much more measured now and positive. These are really I don't know, i'm becoming a employ yeah.

the ginza story couldn't be bigger as well, obviously. right? Don trump set fire gear gangs ler on day one. As you said, there was a fear that if Harris one, we would get more of gangs. Er although there wasn't much clearly on that but just sort of unpacking his likelihood of continuing, I would say, is slim to none and .

slim just he's got he's he's out and and look, I will take either one. I'll take cyp to mom I mean, he would be amazing but I would also take john dean and I looked at i'm crushed.

Are we seen john eden floated as sec chair?

Because I saw i've heard a couple people, including myself, say, yes, hold.

this guy would .

be amazing. And I admire what john did. I mean, he went up against the machine. I mean, how is that possible .

with millions of his own money?

how? Yes, yes. How's IT possible that maybe, and I don't know if this is one hundred percent year, but he might be the least effective senator of all time.

right? Terms pass, getting things done and just being to to generally negative and nasty and just a yc. Somehow you got eighty two percent of the votes IT just IT is the mind. If so.

that's the people. They just show up and they see blue and they vote and they don't think. And they I mean that, you know, that's just how generally voting works in this country. I was got at the john lost, but the silver lining is that eliza's warned one but she's on an island I love, I think jb Brown moster burne marino, ohio. He was the ah berny is amazing.

Berny berny is a great visionary. Great heal, be great. Look, I I think, no, the general is still round. I think James is in law treaty the south this morning James since amazing so funny um that but the ranks at your point, the ranks are destitute and and the lines are gone and you're now and so SHE has no power anymore and and she's not going to have an ear that's positive because now she's again, she's got the great opportunity ist as the commander and chief who's going to then surround himself with people who actually wanna get stuff done.

And I I don't know if he really believes that because he said the day, no may be just pay off all the debt around the world in in bitcoin. It's at least just check. No, here's something at first.

It's kind of a silly statement, right? This kind. Oh, we will just print the trillion dollar coin. Remember that nonsense, if they gna print a train doctorin hand the mount.

But the difference here is, when you think about debt, right there, only four things you can do. So when you get massively in debt, there are four ways out you can pay back well. But the problem is, if you conflicted all the wealth of all the citizens, you couldn't pay not their income, all the wealth you couldn't pay them that.

okay. So that's the first problem. Second thing you can do, as you can default on IT.

But now governments that default get kicked out. So politicians don't like kicked out so they not default on mean, that's a last resort. Third thing you can do is you can restructure IT.

Now this is interesting. The only way you can struct IT is you get someone take the other deal. So if you say he'll give you seventy cents on the dollar after that they ever told her outside in china, russia is can say, screw, I want a hundred sense.

You told me was money good if you told them, i'll give you fifty cents on the dollar. But in bitcoin, that actually starts to maybe be interesting because the fourth way out, which is gone to continue, right, is the value of the currency that is going to continue because every president that matter, left, right, blue, Green, purple, does IT doesn't matter. The amount of deficit spending in debt continues to rise, which is just a devaluation of the currency.

And I just retreated a really well, and I am know who the guy is, but he he was talking to the CNN hosts about what we need to listen. We were just told by the american people that these are things they care about and the thing they cared about most was having their wealth stolen from them, their incomes stolen from them in the form of inflation. But I argue it's not inflation.

We call IT inflation. But inflation is when there's access demand for two little goods and Prices, right? That inflation, what we have is currency devaluation through the lunacy of M M T, the cult of kelton. Thankfully, the biggest win turned up last night is the culture kelton is now dead. The cult a kelton is gone.

And we are not gonna have this nonsense that we can print money out of thin air with no retry, with no not contribution, but with with no a response from the rest of the world and from our own country. right? I went to launch the other day myself, me, I don't have a drink.

I had water. IT was twenty two dollars. That's insane.

I don't live in new york. I don't live in paris. I don't live.

I live in chapel hill, north CarOlina. A, I shouldn't cost twenty two dollars to go to lunch. That is a hardship.

I mean, not for me, but but I don't mean that in regulation ous way. But i've been very lucky, very fortunate and. But the average, but that is a hardship and that just needs to change. And then that in the bulk .

of the trump ad campaign I saw in the last two to three weeks in florida, T. V, bill board, everything was grocery, groceries, cost of your groceries, the cost of the restaurant, the cost of all those things that was inflation was the thing, at least here, that they zoomed very, very heavily in on to, you know, swing election. Listen, they'll never going to lose florida. Am surprised I saw anything. Yeah.

you know it's a good point, is a good point. And you know, here's the interesting thing. Um T D S is a real thing. I mean it's it's real. The trumper rangement syndrome and A I typical I suffered from .

IT into I I voted for.

you know the other guy or gal ga against was a gal back then and I was hilter I, which I can't believe actually voted her, but I did because I actually I was voting against him because I didn't understand, I believe the on sense. I listen to the nonsense and I believed IT and when I didn't, I did the came up the next day when he took over, but nothing really changed and he said, can drain the swap and he didn't.

He just fed some smaller alligators and group along with the other allegation ors that he could control and but but he actually did against around himself with some good people and they did some good things. And yeah, I don't agree with all the policies, but but we did a lot of things that we're positive because he ran like a business. And then we went back in last four years to just yc, I mean, total yak, from a policy perspective, from an idea, gc perspective.

And so now he wins again. And the T D S is is like, super real. But the sun came up today.

I ve been really that all morning, like kids, fine, kiss your wife.

hugged your kids. Yes, I almost sent that to some friends of mine who, having some pretty T T, D, S. Right now, because it's such a great point, right? yes.

Is what are things .

really matter in life? Your kids, your family, your friends and and i've been .

saying to people who are obviously coping, which I understand like is that in two thousand and sixteen, IT was an idea they were voting for. As you said, I was the drain, the swan, all those things in this election, people knew exactly who they were voting force. You can't really cope about IT.

You can't say americans are dumb. You can't say they don't get IT. Like we had four years of trump, we had four years of biden.

In this case, people were voting on exactly what they saw for those two, four year periods, whether you like IT or not. This is who they chose. And once again, it's beneficial for our industry, which is what this shows about.

Like I also tweet something to the effect of american shit. Coiner ers are the real winners, right? Listen, guys, we can't do anything here.

You guys, we're not in the united states. You have no idea how hard IT is. 就 因为 participate in web three or defy or trade in the united states， that is gone.

Get them is gone. The regulatory and certainly key will be gone. The lawsuits against coin base and crack in, they will likely be gone. And I will be able to go trade t coins with you guys all over the world.

all over the world, and do, what about your freedom? And here's the thing, name of technology, right? A life changing technology, whether it's electricity, air, travel, radio, television, name one that wasn't resisted by the encompass.

Kay, you can't do IT right. They're all, all asses about the incoming ds. Well, how do the incumbent fight regulation? They pay off the governments to put up barriers.

My favorite that I tell the story of time you've heard to turn red flag, right? Red flow. We will tell about the red flags. Will you know what that came from? When the horse's carriage came out, the horse and buggy e lobby paid new york lobby, I mean, the government, to pass a law called the red flag law, that if you bought a horses care, you have to hire a human to walk in front you with a red flag.

Have you ever seen someone walking in front of a car? right? Of course you have IT, but they tried to stop and look, the the democratic party night.

And I can blame them because they did IT. they? They tried, right? They set up F, T, X.

They shot IT down to make IT seem like IT was a crypto problem. I was encysted problem. That guy doing bad things.

problem. They put a guy in with no experience to obfuscate, obfuscate and persecute any innovation around money. Well, why? Look, financial services and money are the largest industry in the world, and it's not close.

And the internet, which boasted the monopoly of media commerce and destroyed a lot of value and created more value, extremely more value, destroy a bunch of jobs that created way more jobs as what created destruction is all about. And the out of the old, in with the new. But that was fought right there was a bill that trying to kill what you and I are doing right now.

Using voice over IP. They tried to make IT illegal, literally. They tried to possibility that would make IT illegal to do. You and I are doing right now, which is crazy. But now that's gone.

And cheer point, now you've got advisors like the tech is going to be involved and he's through and through a bitcoin. And there's a whole group of people who are advising the advisers on why separation of money and state is a good thing. Now he has not be quite as easy as we think because governments kind of like having the monopoly on money they they do and they've had IT for a long time.

And the banks also like, which is why theyve bought and paid for ms. Warren, which is how he got eighty two percent of the vote because they paid for those votes and and that's not going away anytime soon. But ultimately, name of technology that was Better, superior, that then got to a point of critical mass and then went away. Do IT. You can always made the .

point that you made the most money on the french, on the technology investment, were on the french. The internet was first for, I guess, photographers, and bacon was for criminal pages.

was for drug dealers. I mean, I mean, look, it's always the friend because the fringe isn't allowed to participate in the masses. That's why they're on the frainch, right? And so what did they do? Like a lot.

I want to starve. And so i'll figure out away around and i'll find workarounds and then they utilize technology that other people don't understand. So and then IT becomes mainstream.

And IT always does become mainstream. But IT will be the I mean, IT will be vilified. And and I think I think this is a big day, right?

Orange coin, good in you was fun. I actually worried. I worry about orsi ans yesterday because there was bitcoin in election. I said vote knocking motto. That was my my tagline for yesterday and and IT worked and and we've got a whole bunch procreate doing two hundred nineteen procrit people got elected, which is awesome. But but here's the thing.

I actually thought I get turned away from the polling place for wearing pullet and like because I thought they were going to say, well, he's he's the orange man like he's not a an orange and he's human like my rest of us and he's he's not actually orange. He's not a new volumes um but but I actually thought I was going to turn away but I didn't and now they say orange man, right but but orange coin is good and and it's here to stay. And IT is going to be increasingly the base layer of money and IT is going to replace gold in central bank vaults.

We will have a strategic bitcoin reserve. The other countries that already have IT and IT won't completely replace gold because gold has a role as a physical store of value. The coins Better because it's more portable and more divisible.

And I you know, I can stuff at my computer and send IT to you which gold they can, I to hand IT to you. But gold still will have a role, but you will have a lesser role relative to bitcoin. And that is so inevitable. And anyone who wants to argue that point at this point is being abstinent for abstinent sake.

Yeah, let's talk about the market, right? So I think there is a lot of pound obviously, and all of us included what will happen with the market for egypt market certainly. And I I haven't even cheat stocks, but i'm assuming futures are up massively becoming a hit new cycle highs against there.

Is trump adjust closer? Doge, for very obvious reasons, a huge winner here are the biggest winner is up as much as twenty five percent. We all know that literally lot of mock says is when name in agency dosh right? Ah, thank you. You know here here you right I mean that that's onna move things right um and so what do you think now we're going absorb this for a few days, weeks only, generally .

bish about this, you on the wolf and sheeting a little sheep ery about this two days ago when we were deciding to to make our allocation. You want to guys when the Younger guys said you maybe we should buy dose because it's it's got more beta then the bitcoin like we are not buying meme coins in our fund, right with we have institutional clients and but just not and and I feel feel shepey about that because in our job is, is to make the best return.

And as much as I chastise doge for having no use case and no no viable path to having a use case and no developed activity, IT does have a very large following. And here's the thing. IT is possible, i'm not problem, but IT is possible that iron does actually take a government job.

Now the reason he would do that is then he gets always capital gains for free and that that's actually A A really big deal. How he would do that at the same time is running multiple businesses. And I think that's harder, like the other people to do IT.

They put the stuff in a blind trust and they kind of maybe you'll do that, I don't know. But but if he does, it's possible that instead of a CBDC, we get A, A, A plan to use dose as the government to, if you wanna do the E B. T. Cards, rather than using, you know, electronic dollars, you could use doge. If something like that happens, I mean, my socks will need more rocketships because.

and dogs and me.

dog, yeah, I am. My dog, yeah.

I have. That would be a future I could not even imagine at this point. But I think you know, more importantly, like, do you think that. The trump administration will be a Better scenario stocks in the next four years. I think we hit clear .

that for sure. Well, Fisher, with one cava we .

not here is would print more money, which is usually good for exactly.

exactly. So here's the thing if if we're really gonna address the deficit that actually is less good for economic growth. We have a demographic problem in this country, right?

Every single day. Every single day, ten thousand people turned sixty five every single day. And sixty five year old, eighty five world don't spend as much, they don't party as much.

They don't know they as they save. They buy bonds and IT doesn't mean they are bad people. It's and i'm starting to get closer to that age.

But but it's just reality. And so demographics are destiny and and growth goes down in strates go down. And so that that is a chAllenge. Now tim Peterson, who I love, tim is great, you know n squad crip do and and he tweet something today that um there is a precedent for this where a president gets elected, then losers, then gets elected again. Unfortunately the last time that happened we had a massive depression in one hundred and ninety three um and IT wasn't causal.

But there are some things that have happened partly because of the bad policies of the money printing and the inflationary problems and the slowdown and growth, plus the demographics and the fact that we can't afford the the the debt service. There's A A bunch of things that could spiral into um a chAllenging environ. Now the flip side of that is I don't know if you've been to a restaurant lately, but they're pack to the .

gills. I wear the cross.

So despite the reti c that things are slow down or near recession, I I don't see IT in in the the Diana dotal evidence. The data is a little less clear. Mean isms down. And but to ask your quest, A A business man in the White house is pro business is likely good for markets. Can power and mean assume is just going leave power alone and let him know because he's the one to point him in the first place.

Assume it's gona leave alone and let him walk the tight rope, which I think is a pretty serious tight rope um you need a very long balancing bar but but I think yeah I might leave him alone. Uh, we get ready of the call to kelton and we slow down the money printer that that that creates a little bit of a headwind, but it's likely that they'll be some tax incentives and and policy moves that are very pro profitability. Um so and I think there's enough money slashing around the system in terms of just just money supply.

And china, this is the other thing, all the negative rhetoric about china, that's fine as it's as easy as how you get elected in new states hate china, but china quietly is printing lots and lots and lots of reman b and that actually is way more important than how many dollars get printed for global global trade. Um and then the last thing i'll say is I feel like last time the the trump campaign was all about nationalism and reducing global ism. I didn't get that sense this time.

I and maybe i'm wrong, but but I I didn't get that sense this time. Global ism is good comparative vantage works. Amy Smith was right.

He's always been right to always be right. And reducing global trade and reducing collaboration globally is negative. Now I do think that the current administration was horrific, I mean, horrific at global relations.

I think the donor is probably gone to do a Better job at that. And I think you will put people in place to do a Better job at that. And so that is wildly positive.

So i'm actually pretty bullish with the tim Peter ankova, which is. We are on the vigor of the ninety years cycle. Every ninety years in this country, we have had a depression and it's like clockwork.

K and we're two years over, do they are? And but it's not like two. It's not like we're twenty two but we're two years over do and someone say, well, twenty two was kind of like a depression wasn't really even close.

But um there is a downturn, didn't 你们 call the recession？ But um there are some bad valuation stuff. I'll say the thing that there has been the most nervous on the S M C.

I fraud is a big deal. And in video, asking the supreme court for immunity from, uh, fraud is a bad thing. That's a really, really bad thing.

You know, me thinks that of protest too much. That's a bad, bad thing. And we know how the story is, right?

Cisco, nortel had this accounting chemically go on in two thousand. And when I got on wound may, markets crashed eighty four percent. Cisco went down eighty seven percent.

Uh, intel, I mean, these overvalued stocks have so much air in them mean NVIDIA trades that thirty six times sales like that number hanging there for teen, thirty six times sales, not thirty six times earnings. They're a great company. I'm not not paying, but I tell the other thing.

We are about to invest in this kid. And I say, kid, in a loving way, not an disparate ging way. He is a child, this thirty three years old, these all of my middle son, he has invented.

And I A bugles my mind when I, when I can say to that now, he has invented a way to do matric multiple ation in a chip using photons instead of electrons. Why does that matter? Well, anyone ever had a phone that heats up or computer heats up? That's that's friction from electron's running between the memory and the processor.

Photon don't have that problem because they don't create the friction. Well, if this chip, as what he says, that would be about a hundred times faster than an h one hundred and and IT will not create heat. So you want have to spend all the money to to call the gbps.

That's technological innovation that's happening all the time. And look, i'm old enough to remember in two thousand, over the previous decade, intil stock has gone up twenty fold, twenty fold, not twenty percent twenty fold because their chip was gonna a solve A I who is going to be the future of ai today? Intel stocks down sixty three percent from that peak, and in video went from zero to, I think, a crazy number.

So that creative destruction will happen again. And so that's that's the one thing I worry about with stocks is that there's a lot of massive overvaluation. There's a lot of great opportunity.

Um there's a lot of fun stuff too, like meta planet, which i'm a board member of full disclosure. Um you can be the microstrip gy of asia. That's a fun thing. But I mean.

the stock market where I have what you go, I know, but the stock market loves IT. So just made a new all IT gaped ed up .

to a new all time high for the in remember member, the world when we all went to sleep and and trumped one and and paul tudor Jones, the paul ter Jones no truck miler truck Miller who said I was short going in but then I changed my mind and I went long and IT gapped up like two and half percent overnight and he made a gazillion dollars as I stand always does um but I I think this is this is the relief ally on uncertainty being gone I mean you said IT yesterday, no was sure who was gonna IT mean that that IT was really I have two groups.

I I have .

know my my legacy more crew capital management group that we meet, uh uh, on monday mornings, uh, and then monday afternoon we meet with the more Green digital team. And I did two poles and about no seven, eight people on each poll. One pool that massive trump sweep.

The other poll thought a land slide. Harris win. wow. I mean, I was really interesting. Um and so there was a lot of there are a lot of people who are convinced of their own position, but really no one was certain.

And I think now that uncertainties gone, we have we have certainty and I say we don't have to worry about IT for next three weeks changing IT. Um no, I I think I think markets will will do will do well in the short run. And I did a podcast on this last week.

So what's going happen and will look in the end, bitcoin and digital assets doesn't matter who wins, number go up. why? Because dollar are gona go down, and that's all really.

Remember, one bitcoin is one bitcoin. Bitcoin never changes, is how we value IT in a currency, a base currency. So in argentina, number doesn't ever go down because th Epace s o j ust k eeps g oing d own.

Or in turkey, the number go up because the leo goes down. So the same things happened with the dollar and the end and the yen. That's why I love metaphor.

The end. Forget about it's go and down, down, down, down, down. You are gonna down, dollar gna go down because the only way out of these massive debt is to print.

So that's really good for digital. But short term, cma bad for cyp. To short term, we would have had probably a ten thousand dollars sell off.

The long term Better because he was going to keep the cultural, the donal, definitely Better in the short run. But now I think we will probably give some back. We'll be another entry point this before you take the big leg up.

But the big lake up is coming. Mark, thank you so much. really. President, you being here this morning, share you. Have a great day.

awesome. thanks. Thanks for help me. And again, kismet brought us together on on this, a exciting november six.

IT was a good how guys go follow marko s go on x and everywhere else check out everything his guy going on. Absolute legend. Thanks to get mark.

See you scooter.

Lovely calls me scooter. And guys, now if that wasn't exciting enough, we have some bullsh charge to show you. I'm assuming we got Chris inks.

Of course, we kept to ten minutes in the wing. I'm sorry, but look at that big coin candle. It's worth worth the weight.

It's it's uh, you know but a lot of people, again, over the last you know eight months or so i've been talking about how top of the cycle, you know how much silly is like that and longer when we went sideways, as we talked about here before, the more convinced people became because that's what people do. We did does not go up right away.

They start getting scared and think you maybe they pick the wrong direction um but you know again, you know we had the this August fit dipped down here where everybody was thinking, oh my god h the yen Carry trade is exploding and we're going to head in a hand basket and then unit was overnight at sunday night, monday morning, we'll back up. And I just kind of is kept on going since then. So you know, we took out the last to lower high there off this burst market structure, which broke that.

Then we broke out a glove wave ax here because again, three waves down, three waves up, three waves down, gives us a fourth way there, about a thirty eight two retraction. And so now we're looking to go on, right? And so, you know, the one thing i've been talking about a lot here was that we would get likely to run up and test the swing high here and pull before we go.

Um I did expect probably a bigger pull back. I was thinking we might get down here around that sixty to sixty two thousand area. Clearly we didn't.

Um now that doesn't mean that that it's just all love from here locally based on this the height of this pull back right here, we've got about a seventy eight thousand or so seventy thousand one hundred kind of target area uh, which doing mean that's where he has to stop. That is the basic pattern target that we use based on know how far pulls back. So I mean, we've got at least that probably coming in.

And so you know, we may be we've seen as this move up here. And then I pull back down toward this daily, David, they tried around sixty seven, six, thirty five or cell, uh, before we get h, you know, even in even larger, more impressive kind of push higher, we are coming up here of this hidden bullish ed divergence down our side here. Uh, this is the daily.

So I mean, everything looks really, everything is what you want to see here on the daily. You got great volume, nice large candle break out uh I I said um hidden bullish ed divergency sarcastic outside just now breaking out of oversold. So I mean everything's primed for a good move up.

Um but you know the one thing I told people, you know we were here we did to pull back here and even here I said, listen, regardless of of you know what you think maybe may not happen, you want to be long because you know even though we expect to pull back once we test the area, which we did get a small one here, you know the Price could just barl on out. So don't try to just wait until we get up there and hope you're going to buy a break out or something. You have to plan more accordingly on these pullbacks.

Um and so you know if if somebody y's done that, then they have done well. Uh they're they're pretty happy after last night. Uh and I think you know overall, we continue up now based on the height again of the pull backside of this way for here. Uh, we've got a pattern target up here around just around what is that ninety four thousand, nine hundred and ninety five thousand here on the bitcoin all time index chart. But I do believe that will be you taking out above one hundred thousand overall and continue a hire. But just H A simple can you know if you are not in yet and you look at and do I get in um know this is usually some more look at look at the pull back in the the height baseball nap for the target and to give you a starting point at that point there now you like, okay ay well at least i'm in right and you can adjust your position or add to your position um you know as you get another pull back along the way or soft that so um man I like IT h everything in I don't know where you watch to the charge yesterday when when the election was going on like everything go.

of course I did. Everything was flying when I became even close to clear that I was going in his direction. I mean, by seven P M, things were fly right I mean, maybe ah, but what a candle.

And interestingly, a lot of all coins outperformed big coin kind of on this move. But big coin dominant, still rising. But I think that just because eat still sucking.

well.

it's such how is so heavily waited .

and how long will they continue to suck.

right? Because I do i've been saying, I mean, love you know me as they give all at some point once speak, going establishes this new all time high and settles. I think that a bit the time yeah.

yeah exactly. And I mean, right now, the count still is bullish. And uh, you know, we've got this nice impulse sive break out and close.

Well, looks like we're going to close you. All of the daily vivid is, again, just like bitcoin. Nice candle.

Get ready for that rally there. Uh, I believe we have me see here. Now let's lower those. Okay, how was you see if we have some bullish divergence? We don't put you know break IT through here.

If we can get above this swing high, this into your swing high here at one seven and nine thousand and thirty cents here on the cracking and share, that gives us an unexpected, you know, local wave three up here, thirty five, thirty eight uh or so. And then the larger degree wave three minimum expected target there, four thousand seventeen. And then we're looking, this is three and four.

We still got this a much larger kind of move, which has a minimum x you know, just got that pattern to you. Just look out big coin for its way for appear around sixty five, forty eight. Again, these are just kind of minimum targets that we expect as we play out.

The likely thing is that you know it'll over extend and and will get higher targets on a book. You know again, everybody's very uh negative, untalented this multiple times the last few months year uh with theoria everybody oh my god and every like oh but looks so so so um which is great because I got a sault are here as well. But just because souls doing well does not mean the theory um cannot also do well and I think that's where people getting caught up on IT.

So if we job over here to uh to salona, you know I get my big macro char here. Um you know get nothing here. Nothing surprising here we are breaking in out the descending resistance. Again, based on the height of this pullback, we've got a pattern target up here of three hundred and fifteen dollars. But I think we probably in a painting for ten and at least you know if not push higher again, the idea that will probably over stand um some sort of blow off top or something like that by the end of IT. But you know what we're coming up on two hundred dollars again was filoni here just had that side ways we had to deal with, right?

Yeah I mean everything looks uh IT always go that here's .

another one link uh everybody is uh really quite negative about liner right now.

Use something OK yeah you know.

here we had this greater cumulation with the spring here. Know everybody to buy around the five dollars we could get IT. Um when we were up here and we're going to drop down, we got IT you know rally up here, you know almost twenty three dollars i've fall back. This is this is three ways right here and so you know technically a break out above um this point here at nineteen dollars and twenty two cents should give us this way through targeted to be or one hundred dollars hundred and one dollars um you know and so locally here though locally looks like like most of the all and even big my potential to get this leading diagonal of that August fifth low um and i'm looking for maybe you know target of a rail thirteen fifty nine, maybe fifteen forty six um and then we should pull back here and then you know had on off and then start work in our way up again so even link uh is not looking back at this point.

Even K I love the way we have to talk about these things.

Different bag is every cycle, right every cycle we talk about the same general thing, just a different coin, but the same kind of, you know, the way people look at IT. Um but i've got tow here as well. This is one I I can't remember a look what I did this is I have been on always friday shows my my friday's am.

I said what we're looking forward, a drop toward the s one pivot and then a rally, exactly what we got here. We got a nice uh, little lower wake down at the bottom and bullish and golfing candle and now some really great volume large candle spread on the break out to the descending resistance, impulsive break out and closed just overhead here at the at the daily David, what is that? Around five forty four.

If we can do that on the daily close about that because we can get this nice and pulse of work out happening again based on the height of the pull back away five target at nine forty four, which puts us right around the EQ of this of the supply here um and so you know in in nine forty four, they are are four pivot. We could definitely help hit up above that. But just know a starting point as far as target goes again that that's what we're kind of looking at.

You see here, i've got a vax, a vx is looking good here again. Another looks like a leading diagonal happening here. Um we are just now trying to break out above that daily pivot, just getting going here on the oscillations heading up.

We're looking for a break out above what is that right there? Twenty nine dollars, eighty six cents to add some confidence to discount here. But once we do that minimum, I think we should see way five of one hit this thirty two dollar and twenty two cent target.

But I think there's a good chance we may even see if push up hired here toward thirty seven and a half dollars or so. Um so we will just have to see if we get that real, if we just get rejected to just a bit higher, if we actually get that thrust up and through IT. Uh, but you know again, you're gonna want to watch ever want IT is you're gonna to look at buying that pull back because then you get that way.

Three heading up, you know, fifty someone dollars are shot like that. Minimally dependent work gets to there. So a vx missing like these .

moves are huge, but these things are still so much upside. Yeah, yeah. And exactly .

exactly. You know it's you know this idea that we've been going down first to, you know, a bax here has been building a way to do as a flag correction here since since december twenty fourth of of two thousand and twenty three. So for almost a year he was doing this till we got to August here. And now it's found they start to make IT move up.

So yeah, you know, people just keep kind of stuck in the, oh my god, we're still pulling back oh my god were going side ways end of the world um kind of idea but this is why when you understand structure and you understand um you know ways of forecasting, you know I get a lot of heat sometimes about early wave and people like, oh, I like because you can make IT say whatever you want yeah you can but if you're using IT properly you can't right it's like any other skill you know you learn to use the yeah you get to follow the rules and you get a you know you get to have early wave takes time and practice and you're still not and always get IT right. But as far as forecasting goes, it's one the absolute best methods series. Now there's also you can use point and figure charting um the way that um that White off used in the natal do great with targets as well.

So there are ways to actually forecast Price actually even into areas uh of a blue sky territorial right where you can get pretty pretty significant, pretty uh correct you know targeting on that. Um you know you just things that you have to learn along the way, right when you get past all the you know all the next players on social media about you can do this, you can do that and you know markets are random and whatever which they aren't. But once you get through all that and you start actually really studying these things that have been around for one hundred years um you see you go, okay yeah yeah there there's a way that we can actually do this um and you know again IT IT ends up giving you great returns.

Stop trying to make a million dollars overnight, right? I mean, we'd all love to. But IT, you know, look look at the look at treating as a long term.

yeah for sure. So yeah, one more up there.

Yeah, I guess that's okay here. Um we did a sweep here of the laws. Uh, we're finding support right here on the s one pip ot on the daily. Uh, so you know to me, this is worth a shot you get in right about. Now stop loss just below the swing low.

You should at least probably be hitting up here around fifty cents and that will get you almost to tend our return a on your on your trade there, right? To give you ten times your risk. If you're a little bit more risk adverse, you can wait for the you impulse to break out and close above this descending resistance and or above the daily vivid there.

What is that but john, almost thirty five cents but you know my thought is fifty cents not the top that is you know this local tree i'm looking at the moment here um but you know if you can get in you know down here at the lows where you gotta stop lost pretty close all the sudden, you know that's just to fifty cents or of this thing comes up here will say hit about that area there. I mean, all the said you're looking at forty five times your risk return there. So if you're risking one percent, if if that history stop loss and you lose one percent of your portfolio value and IT goes up and instead IT goes up here to whatever this target is, a dollar eight, nine quarter or whatever, well, you're going to make almost forty five percent on your portfolio, right?

If you're portfolios a ten grand, you'll make forty five hundred box on this one trade. Risking just one percent. Risking just one percent, right is just just one hundred dollars um and that's the correct way that that people should be looking at treated that everyone look at their absolute dollar return.

Now look at how much times your risk is your potential return, right? And and that's what you're looking at. And two, because that way, if you're doing your risk properly, then you know when you lose because you're gonna lose as a trade, there's just no two ways about IT, right? You're going to lose um like you're gonna lose very little.

And so you got a few these trades set up and this thing over to see kicks in and you end up so much further head and trying to chase oversized overleveraged positions where you stop loss because of your oversized are overleveraged like ten dollars below your entry to liquid H G right um and and you get screw that way. So you know it's not just about how do we trade, but it's how do you approach the market, how do you approach trading in general. That really is going to do a lot more for your good as a traitor than than a lot the other things that people talk about.

So listen, I know that's all the charges, but you know, now trump presents y verse haris present, think it's pretty clear. I mean, yeah, you see this recession and depression in the four hundred years cycle and the death to smooth. I don't know what the hell all, you know the recession that never was like. We pretty much clear skies here for markets.

Yeah yes, I think we should be good um piano through next year uh usually at least ens two thousand and four uh the year after the presidency uh or after the election, the post election year um I think just about every time he has been positive uh sometimes more positive others but generally speaking, you don't you don't primary you don't in terms you know any had nonsense of that uncertainty ah and so markets, you know again, as usual, markets left to their own devices tend to trend you know to the right and up um and so you don't have a lot of head winds coming in usually the year after the the election.

So IT leaves IT open and you know number go up. I think you know I think if you're listening right now and you're thinking about trading um and you're looking at the crypto or you're looking at its stocks. Uh, I think I think this is an easy year coming up. Just don't over tray, don't overdo IT don't don't put you stop lost right up under your entry so you get White dodges because you're scared red to lose a little bit of money. Learn proper rist management and I think you can have an absolute year coming up.

Yep, absolutely. wow. Well, today we can absorb everything that happened. Like I said that begin, i'm just globally of clarity. We don't have to debate anymore.

Now we can talk about what is instead of what could be. So guys, you can follow G, X, west capital, of course, on express. Thank you for everything that you do and for generally being right.

I mean, here we are. You know, I put in march neighs like top s and see guys in six months it'll be, in all time high. Go fall in your head. Doesn't matter. Here, here.

here we are right.

Not that hard. Alright guys, follow Chris. I gotta run. We got spaces coming to me and thank you. Me too.