 Hello everybody welcome to the Friday livestream and today just like the thought the thumbnail tell suggests we're gonna take a look at There is a one of the major indicators that I've taken a look at as far as Selling Bitcoin and potentially getting out of the market as it's really coming quite close to what I would consider as a sell Indicator and before we get on of course my voice may sound a bit different, but I'm just getting over the flu So it's a little bit off. No, I am not AI generated Even though some days I would like to be because I make my job a lot easier. Anyhow, let's jump into it Shall we so the first thing is it was taking a look or perusing the different articles that were out there and coin Telegraph had a good one and talks about how Bitcoin prices interests inches from a new surge at 71k Bitcoin PyCycle top metric and We'll get into the actual PyCycle top and the different websites like to use to to validate this But one of the quotes I've read in here This is from one of the traders and he says once Bitcoin breaks the PyCycle moving average all bets are off It's currently consolidating right below it just like it did in 2020 So if you've been around the channel, you know for quite some time that I have this Video that I did which I talked about the certain indicators I'm looking for when I'm going to be getting out and stepping down from this channel Because nothing lasts forever and I don't think that anybody needs a cheerleader in the bull market I think people need a cheerleader in the bear market because in the bear market is where all the where all the gains are made It's not in the bull market. It's not when all the the tourists come in here and we essentially dump on them. Let's be honest Really what it comes down to is people are gonna need to hear the voice of some type of reason in the bear market when everything crashes and Whatever nonsense that has happened in the bull market gets Exposed and things start to collapse FDX Celsius Voyager Block 5 you name it. It's been done So there's two videos that I'd like you to watch of course I'm talking about the cell indicators the first one is when I'm talking about selling 80% of my crypto and The next one is the stress-free profits When I'm talking about different types of cryptos one is when we're talking about established ones The other one is more talking about different cryptos and digital assets and prospects That are a little bit newer So check those out links in the description looks just like that and when I take a look at the pie cycle top again We're taking a look at the pie cycle top It's one of the 111 they moving average crosses over 350 they moving average and what I used to look at And actually still do is looking at Bitcoin looking at Bitcoin's a great website It's free give you some good information and you can check it out looking at Bitcoin links in the description but what I like to use These days is Ben's website since I get to steal all his information and I didn't even realize this There is a pie cycle bottom and top with a thunk it and Just so everybody knows if you're not familiar with that video, of course the pie cycle top retroactively retrospectively has Called out the tops. I think it was created around 2019 and it came very close in 2021 It actually hit the price of around 60,000 and said that that was a top. Well, we know that wasn't a top It was 67,000 777 or 69,000 depending on which exchange that you went to and arbitraged But in 2017 it called it and in 2013 it called the double tops So it's been relatively accurate and again, I'm not gonna call the absolute top. That's not what I'm here for I'm not that great of a chartologist I will not hit the top if I get within 60 to 70 percent. I will be ecstatic, but this bike cycle top Is what I'm looking at as one of the indicators one of multiple ones and we see as we take a look here Let's just zoom in and yeah, it's looking like it's really closing the gap again when the 350 moving average Crosses over the 111 moving average. That's when we have that aspect and we can see that it's pretty darn close So what does this mean is mean that I have to sell everything and get out? It's gonna make me really think about it I know people will say that's ridiculous and that's stupid. Why would you do that? There is so much money coming in There is so much Bitcoin that of course is being taken off the exchanges And there's going to be a supply shock and there's going to be all these nation-states getting into it and everything else Look that may be true and maybe true But the narratives the narratives are there and yes, I understand about time frames as far as when We hit the all-time lows to the all-time highs the having to the next all-time highs But I'm just trying to tell you that even though there's a narrative There was this there was a narrative when I got in 2017 and that didn't pan out There was the same well a different narrative in 2021 and that didn't pan out. There's always going to be Sell-offs there's always many people that are going to sell and this is what I'm looking at So this is just one indicator that I'm looking at and it looks like it could do it And also before we move on I would like to just say That because this is so close. I didn't know what there was a Picycle bottom. We were set the zoom real quick and click on bottom Actually if you go to Ben Ben's website and look at this it doesn't call it perfectly like in 2015 It called the bottom at $284 which was pretty close because I think the bottom was like 199 somewhere around there No 229 excuse me and then in 2017 it called it at what is this? 3780 so pretty damn close quite honestly and Then it didn't really do a great job in 2022 it called the bottom at 20,570 but again, I mean what was the bottom 15,700? That's still pretty damn good So when I take a look at this I'm like Picycle topspin Relatively somewhat accurate and something to put into your repertoire of taking a look at as far as indicators So you can make the best financial judgment for yourself to say, you know what? This is just one thing that has taken off. Maybe they're in the narrative comes in that Oh, Bitcoin's gonna be used as the world reserve currency Maybe this isn't going to pan out for the Picycle top. It's up to you I'm just telling you what I'm looking at and that is one of those things that I say Carries heavy weight So let me know what you think about that in the comment section and before we go on and we sort of talk about We're gonna talk about Cardano a Major partnership and what's going on there We're gonna talk about Solana and we're always gonna talk about chain link before we get in there I'd like to receive or just say a congratulations to Coinbase For being one of the good guys out there. This is from Paul Grewal He's the chief legal officer at Coinbase and he says that they just received this letter from FinCEN financial crime enforcement network That congratulates Coinbase on our substantial contributions to one of seven significant criminal cases To receive the FinCEN directors law enforcement award We appreciate this recognition of our commitment to weeding out bad actors in whatever form and wherever they operate now as Gary Ginzer is on the warpath with his dynamic duo of Senator Elizabeth Warren as they rally against crypto and digital assets I would just like to take a time out to say Congratulations to Coinbase for doing the right things at the right time with the right people and as these crimes come out They root them out. So congratulations Coinbase. That's what I like to see so now let's get into Cardano and I should be actually have up here Cardano has been one of those laggards. It's been one of those projects that I personally have invested into I Think could do quite well I still have the Dnews stake pool links in the description if you want to delegate to that But there's a major partnership that came out. I thought it was something to Be said now when I did yesterday's video people were talking about it and I just kind of missed it missed the news So I wanted to give Cardano holders their due diligence before we get to Solana and Chainlink So Aida community excited as Huawei cloud infrastructure arrives on Cardano. First of all, what the heck is that? Huawei Is a Chinese multinational digital communications tech conglomerate In bantian district shenzhen going down. I think I know that one And of course, they are major corporations and telecommunications And they just had or inked a partnership with cardano not so fast Not as big as you may think it is So this is what it is this from aida whale partnership will bring Huawei's cloud infrastructure into the cardano ecosystem which is true And there was a a tweet from a mergo Which is from the cardano foundation and it was cut off, but here's what it says Let me just bring this up Thrilled announce a strategic partnership with Huawei And mergo is teaming up to extend support for a cardano Validator node on Huawei cloud, which is interesting, you know, they're going to do a validator. That's great That was I mean if I mean I remember when uh when google the platform google became a Enterprise validator for theta, you know, we talked about that all day long because you know, theta is one of the other Bags that I actually have and things going to do quite well Actually, they're going to do really well as they partner up with ather, which is a deep pin AI project I think they're going to do quite well, but Getting off the off the topic. So congratulations to Huawei partnering up with Cardano as they make a cardano validator node on Huawei cloud One of the world's largest cloud community companies This partnership will bring Huawei's cloud infrastructure into the crown ecosystem And enable developers to leverage it to build web three solutions on cardano Ultimately driving growth and web three adoption across asia pacific and africa Also marks the first step towards a large collaboration between a mergo and Huawei in the future Driving the commercial adoption through validator nodes events and tech collaborations They don't exactly say what those new collaborations are But we'll see how it goes as it pans out as we move into 20 the end of 2024 and 2025 so congratulations aida holders There's something to be excited about. Hey Good for you guys. Well good for us. I should say I actually hold it myself So now we talked about cardano We have to talk about the flip side because I don't know what it is about cardano and and aida And uh and soul or solana seems like they just have a beef with each other every time I bring one of the other up The comment section gets crazy. So I'm going to be balanced today Congratulations, solana. Looks like you're trying to fix the congestion problem Onza releases proposed congestion fixes on Solana dev net asks validators to upgrade on test net So right now of course cardano everybody's laughing because like oh, yeah I just tell the tell the devs to to take the cartridge out and blow on it and put it back in More complex than that So here's what we got Solana's validator client client team onza released proposed congestion fixes in version 1.8.11 Is now deployed to dev net Recommended for use on test net. Please upgrade ASAP to help us start analyzing the effects when they propose congestion fixes So hopefully This will fix that monstrous congestion which we've had failures of 70 plus Of the different transactions that are on Solana. Hey, I'm a Solana holder on my cardano holder I'm a chain link holder and it's like 60 other different cryptos. So I'm with you on this one So great, although there's this last sentence that I got to tell you I wouldn't be bragging about this Phantom Solana's most widely used wallet in order that transaction success rates have improved a lot already ahead of the patch That's good news like that Project stated its metrics showed that transactions were successfully Nearly 90 percent of the time Yeah, so listen, I know right now everybody's whatever chain you're at, you know, you're like This one's way better than that one. This one's fantastic. Look I think we really should try to bring each other up because really it's us versus a lot of different people that are out there that really call Bitcoin crypto digital assets just a passing fad and a tool of bubble and just a waste of of technology So when one wins, I think we should all congratulate I'm trying to foster that type of relationship But congratulations everybody. I think we're in the step in the right direction and I truly believe as time goes on That it's not just about one chain The future is multi chain and I could be wrong. I'm gonna think about that in the comments section But there's one more alt coin to talk about Chainlink now this one I think is quite big Chainlink when I got into it just an oracle essentially the ability to pull out outside data and resources into the blockchain because it was very difficult to do that And surgery essentially solve that with chainlink And it's one of my my bigger bags and one of the bigger bags I still have right now I still believe in chainlink or what it's doing and I've heard from other people that right now Chainlink is not just an oracle. It's essentially becoming a layer zero and this I think is big Introducing transporter. This is from the chainlink blog a hyper secure bridging app powered by chainlink What's this doing users are now able to bridge supportive tokens including eth usdc link and more across eight blockchains That's big So I'm with arbitram avalanche base bnb chain ethereum optimism polygon and we mix So the big question is well, what does this do because I like people say well, I got this this bridge I use that bridge I use this bridge and that bridge This one apparently is supposed to be super secure put it through the paces See what actually happens do some test transactions. See what actually it can do But when chainlink does something they test the heck out of it. So hopefully This is the answer So the need for secure cross-chain connectivity. Oh, and then one thing before I before I go on when they talk about ccip You know chainlink ccip that's cross-chain interoperability protocols So what they're trying to do again? I believe multi-chains the answer and that's what I think chainlink is trying to say here So the need for secure cross-chain connectivity hundreds of blockchains layer two side chains app chains and more and that's the truth There's just so many out there. It's hard to even keep them straight And when bitcoin comes in with all their l2s watch out because that's going to be even bigger And I think that's the next wave, but I'll go back to this article This was interesting to me almost 50 percent of all value hacked in web 3 is due to cross-chain hacks And if you want to take a look at that just go to defy lama and click on hacks and here's all the data Did you know? Whoops Because I can't let me bring this up. There we go Looked all the hacks that were of course as the market starts to really pick up On july 31st up at this point 675 million almost a billion in hacks two or 98 million Of course, it's all around When of course the market picks up What do you notice over here October 3rd every 20 there was still a huge amount of hacks going on And of what is it really has to do? with chain link Like it says right here. It's all due to cross-chain hacks. And that's what they're trying to solve here with transporter So anyhow coming back to this I also want to ask you everybody a question who's watching the video Or if you're watching the replay doesn't matter It breaks it down to the amount lost and to the protocol within it The techniques that was actually happening as I scroll through this. What do you notice? What do you see here? Well, here's bitcoin as one Here's avalanche 2.6 million Bitcoin cash. What the heck what I notice here is that there's two things First I see a lot of ethereum And I see a lot of layer 2 solutions. Does that mean that ethereum and layer 2 solutions are bad? No, what it says to me is that people are using Ethereum and layer 2 solutions a lot. Is that what it's going to be in the future? Anybody's guess Let me just tell you for a lot of these hacks and these bridge hacks arbitrum ethereum optimism Polygon it's a lot Of course, that's what we have But again, it's a double-edged sword. What it means. Everybody's using it And maybe not using it as well as they should and let me be crystal clear. This is an ecosystem issue This is not the base chain issue This is somebody who built on top of ethereum for whatever it is and didn't work out because they screwed up So let the let that kind of make sure we understand that so no one can say rob spreading fud because he's saying ethereum sucks I'm saying I'm saying that a lot of people are using that a lot of people aren't doing it right So to continue on the multi-chain ecosystem needs cross-chain infrastructure that is hyper reliable a solution that raises the bar for cross-chain security use of use Interoperability protocol that's built to last not just to launch. So what's transporter? Web app for crypto users that easily and securely transfer the token and messages between different blockchain Every transporter transfer is powered in and by chain link cross-chain interoperability Protocol or ccip and I put a link in the description. Here's the website. You can use it right now transporter io And you can go through all that it talks about even the different the chains that they're using They're all right there. Actually, I've never seen what does view all say Oh, wow. So you got arbitram avalanche base. We're just talking about we mix. Here's all the tokens It's a lot of tokens That's not that much But then if you go over here where it says to pop up up up up up up where is it? On the upper right hand corner Where it says launch app if you launch it You can start bridging right now using chain link and I think that's something to watch out Even if you're not a big believer in ethereum or the layer two solutions, I get you I understand Maybe want to start might want to start to take a very heavy look at chain link and what's going on Especially right before the bitcoin happening because I believe that is a time for the goalie lock zone Anyhow, let me just think about that in the comment section and then just to finish up real quick As again public service announcement. I don't want to know likes this, but I have to tell you Your taxes are due I'm sorry you have to pay your taxes So gary genzler can get his money so he can bring well as notices Against decentralized exchanges and centralized exchanges because that's what we do here in america Sorry, anyhow, there's a great video From mark kohler a link in the description He is a lawyer and a cpa and he talks about why you need to file a tax extension Which you can do right now essentially talks about is it lowers your probability of getting an audit So watch that video and there's another video that he did which was really good Where he talked about the 10 uh criteria for uh loopholes and of course legal loopholes Of how the rich stay rich so watch those videos. I Put that one in the description you can check that out And then one of the things he talks about and I talk about as well as coin ledger Again, if you're looking for a software use coin ledger link in the description You don't have to use it But if you don't use it you only get 10 off so it's up to you And then lastly lastly before we go into q&a catamoto Catamoto and the reason I bring this up is because let's be honest Meme coins are for gambling right? If we're out here to save the world, that's great But if you want to put 20 bucks on red. Well, much just gamble a little bit I can't give a financial advice. I can't even give a gambling advice not a professional gambler But catamoto is one of the first b&b chain finance chain Meme coins and it's being launched on 10 set And I did a deep dive. Well, it's not really a deep dive video. What can you deep dive on a meme coin? I'm just talking about how this one's it's pretty interesting. Just watch the video. It's like eight minutes I linked in the description. It's over on dan de jen. I don't put degenerate stuff on this channel This is for the meat and potatoes very safe stuff But over on dan de jen You either make a lot of money or you lose everything. It's pretty much no in between So check out that video Hey See where it leads you and then of course, this will be it right here and then also for my astute followers for watching this video right now I I made a deal with 10 set and I said, hey like For for you to get into this you have to buy tokens of the of the 10 set talk just so everybody knows And somebody like I don't want to do that. I said, hey, how about if we do this? Why don't you just let some of my subscribers get whitelisted and they can buy this on opening day? Which I think is 16th of april. So like right now The buying process for the launch pad is going through If you want to be whitelisted and just go right to pancake swap and have to you know bypass all the 10 set stuff You can do that. I have a link in the description And it's called the catamota whitelist and all you got to do is fill this out And it's first come first serve on the last round on the 16th of april And you can if you are so inclined you could buy up This meme coin before everybody else does So uh either you're welcome Or you hate me for it because it's a gamble But that's not for me to say because this is in financial advice That's it for today