 What is going on ladies and gentlemen today is it's a brand new month. It is the 1st of May 2023 1 o'clock p.m. Eastern Standard Time and This is gonna be a a busy week I'm expecting some volatility again this week even though we saw some unexpected volatility last week But today we're gonna be going over the different things that's we're watching this week. What's going on in the market? We're gonna be going over the news and we're gonna be doing all this with my co-host again today the Bitcoin queen How you doing queen? Hey guys, what's up queen here doing well went to consensus last week So recovering from all my travels, but overall pretty good can't complain Consensus was a little smaller than it has been in previous years, which no surprise We are in the middle of a bear market that is going bullish though But definitely a lot of new faces that I still see popping up So yeah adoption is still on its way And you can actually see that in some of the things that we'll cover here in the news Because although we did see that a lot of companies cut and slash things like metaverse spending and things like that In previous months. We are seeing more companies ramp up on general blockchain development And we'll cover that a little later, but for now, I guess let's get into an overview and see what Bitcoin stand, Jay Yes, definitely. So yeah, so today we'll be talking about Pricing what's going on in the market. We're going to do go over the economic calendar for the week It's gonna be very important this week Go over the news then I'll jump into a market analysis and then we'll end it with a Q&A So if you have any questions about anything going on in the market Whether we cover it or not just drop it in the comments and at the last part of this video last five to ten minutes We're gonna do a Q&A with you guys answer those for you So let's go ahead and jump right into the prices as you guys can see right now Bitcoin is currently sitting at $28,350 and I would like to mention that when we first went on the air it was actually a little bit lower than this It was at like 28,250. So Bitcoin as soon as we went live bitcoins price already started going up So once again, we're making an impact on the price of Bitcoin Yeah, let's take a look at ethereum here We can see similar price action here in ethereum as you know ethereum and Bitcoin are very correlated You know every now and then ethereum will take off a little bit more But for the most part right now, they're currently once again correlated It is currently sitting at $1,840 so if we look Correlated to golds recently wasn't it after the fall of the bank that we will discuss later on What Bitcoin? Yes, it was a correlated I think Bitcoin and gold like took off for like a short period of time Because there was another bank collapse right earlier this week because of the bank contagion fears and all that yeah Yeah, definitely. It's it's the most that gold has moved in like the last ten years So yeah Peter Schiff must be must be happy right finally gold moved. Oh Yeah, oh Shit, yeah, Peter. So so we're looking over the market here as you can see in the last seven days Even though we're currently down for the day Bitcoin is actually up almost 5% in the last week If they're up over just over a percentage and then if we scroll down a bit kind of look over the market We'll see kind of mixed Mixed things here. You see Salana's up almost 4% And then we have a few that are down we have Tron up 4% And you can continue to see that as you go down some projects have bounced some have not Some are lagging a bit behind If we go here to the top 100 to the top crypto gainers and losers in the top 100 you'll see one that snuck its way into the number 100 spot and that is None other than Pepe Pepe has now officially joined the top 100 crypto market cap Yeah, it added 235% over the last seven days. It's market cap. I'm what's it's market cap? That's not showing me market cap. It's only showing me the volume. Let me see market cap Market cap I could have I guess like tonight in 10x 1x done on Pepe Yeah, we could go right Market cap is is sitting at 447 million dollars Guys, I I want to say Careful because with all meme coins, they are musical chairs You want to make sure to take profit before the music stops So we've seen this in many coins over the years Bebe is just the latest one Just don't get caught without a chair when the music stops. That's that's that's the best thing I can tell you Other other cryptos that are also performing the last seven days renders up 35% Casper network 19% and Injective 12% and then the top losers over the last seven days pancake swap down 22% XTC network down 10% neo down 8% so just kind of an overview of what's going on over on the market Let's let's go ahead and take a look at the economic calendar here for this week. So Let me switch this to Wow, this is a lot of countries here. All right, let's let's not do that. Let's just go back here So the main thing that we're gonna be looking at this week is gonna be on Wednesday Which is going to be the Fed interest rate decision? All right, so Now as you guys can see the consensus is a 25 basis points rate hike It's pretty much already priced in into the markets So this unless there is something crazy either like a pause in interest rate hikes I don't think we're gonna see too much volatility based on just on the decision itself The only time you'll see because a market's already kind of pricing it in You'll only see major volatility at this time when this data is released if one You know It gets paused or something or two if it's more than 25 basis points other than that I think the market will be it might, you know be more volatile than normal during the release and leading up to it But all eyes are really gonna be on this right here, which is the press conference after the interest rate decision the reason why is because We're looking for hints on what's gonna happen going forward So if we look here, we can see our probability for this for Wednesday is 91.9% Probability that there will be a 25 basis points rate hike. So, you know, the market's already pricing it in, right? now The if we go to June Now you can see that there's a 63 percent Probability that there's gonna be a pause, but there's still a 32 percent that there's gonna be another rate hike So the market's trying to figure out what's gonna happen in June, right? So that's what we're gonna be watching Tomorrow, I mean on Wednesday, that's what we're gonna be watching this week. That's gonna be the main event Right for this week. What's what what's gonna be? What are they gonna be speaking about during this press conference? What's that language gonna sound like? Are they gonna be hawkish? Are they gonna be some bearish? Um Dovish hawkish, you know, like what what's gonna be what what's the outlook going forward? So that's what we're really gonna be looking for looking trying to figure out hints because a market Remember the market wants to to figure out and price in Whatever's gonna happen. So if there's gonna be a pause the market's gonna want to price it in if there's gonna be another Interest rate hike market wants to price it in right now The market's leaning towards a pause, but it's still not sure so it's not pricing it So that's the main thing that we're gonna be watching on Wednesday Other than that this week. We're also going to have on Thursday Yeah, Thursday we have The ECB interest rate decision and their prep their press conference So that could bring some a little bit of volatility as well I don't think it'll bring it as much as Wednesday, but that should bring some some volatility as well Thursday, we also have earnings. So Thursday we have Coinbase and Apple earnings. They're gonna be Releasing their earnings for the previous quarter. This is always kind of Important as well, especially for so Coinbase obviously is connected to crypto to crypto company So an Apple is just it's the major tech company overall, right? So we saw last week that we that we had a Crypto actually went bullish based on some some tech earnings that were also bullish So that's why we're watching Apple because it could potentially, you know Affect the market overall if it's bullish then that could be positive for the overall economy If it's bearish that could be a negative for the overall economy Since it's one of the bigger companies tech companies In the in the market, right? So that could directly affect crypto as well and just the overall markets So like I said, we have a lot of things to look forward to this week We have a lot of things going on And we're gonna break we're gonna we're gonna go a little bit more into detail as far as price analysis Market analysis in a bit, but first let's jump let's turn it over to the Bitcoin Queen And jump into some news Some news some news There is a couple things going on in the news So first and foremost, we saw the other day that first public bank did in fact Collapse I guess failed in a sense, but not quite in Technical terms because it was seized by the FDIC before it officially failed and then JP Morgan was Putting up some bets for it. I feel I think it was yesterday. They were set to acquire I don't know if they Completely closed that deal, but it was yesterday that first for public bank was being was being set to acquire by JP Morgan And obviously we saw a little bit of a pump after that We saw the dump over the weekend or in the week We saw I think Bitcoin went to 27,000 at some point in time in the week. There was about I think it was like a hundred million dollars and liquidity that went out and then when this collapse came in We saw both Bitcoin and gold take a ride So that gave us a nice little boost and yeah, here we are doing the I don't want to say bank runs because they're not bank runs It's just we're in the midst of seeing the banking amongst the economy fail And this this has mostly to do with all the interest rates going up and all the bonds that were bought at a lower interest rate, which Banks cannot sell for a profit and they will end up negative and This is this is basically just that there's a lower ratio of loans taking place Banks are not being able to sell all their treasury bonds at a positive yield and thus they are Negative and perpetuity which is great for these larger banks and They're you know, they're having a great time, but for these smaller banks. It's really tough And clearly it's it's not great. So That's that however, what we have been seeing is a acceleration on the market with other companies Pretty much pushing full force on blockchain development Earlier in the year we saw that there was a number of companies such as Facebook Microsoft just to name a few that basically terminated a lot of employees that were focused on metaverse And pushing things within the metaverse like all space Just to name one of my favorite ones. I used to love going on all space And yeah, Facebook had its virtual universe as well that you know, didn't do so well As we were coming out of COVID everyone thought we were just gonna stay online and stay at home But that's not the case. There's actually a lot of companies calling their employees back into office due to lack of productivity at home but Companies like Mastercard visa Google recently have been aggressively hiring blockchain developers and implementing different things across the board to innovate and Push mass adoption. So Mastercard partnered with Polygon, Solana and a few others to have a kind of like a foolproof system to kind of like combat fraud visa we saw was aggressively hiring blockchain developers To develop on top of their platform Google same thing hiring for their cloud Cloud system. So we're seeing that companies are still remaining strong and pushing forward towards blockchain development And I think it has a little bit to do also with the fact that a lot of this AI stuff has been rolling out and As we know blockchains are meant to keep things Well, well, if it's if it's a distributed ledger at least keep things decentralized but also keep track of things and That cannot be changed or altered So I think a lot of it has to do with the fact that blockchains are immutable and perhaps between You know that in AI Things are gonna be weird tracking is gonna be weird. We've seen a lot of like AI music. Hollywood doesn't like that, of course so Trying to keep tabs on people on you know, who uses what where and making sure that it doesn't go anywhere I think is is a strategy that they're they're having in addition to accounting That would be useful for visa and mastercard. So interesting stuff coming up here so Hong Kong as we know was for a long time closed due to COVID and Recently Hong Kong and Singapore have just been at it in terms of being the leader in crypto in Southeast Asia So in May Hong Kong has announced that they will have some Crypto regulatory framework, which is great because all the companies in the world are basically asking Seem for just that which the US has lacked to provide And I don't know if we talked about this last time around but When base is suing the SEC because of this because they are lacking to provide Regulatory framework information for them and are basically sending them letters saying hey Maybe you're doing something wrong. We'll let you know and That's not good for anyone Yeah, so the US is playing games right now and it's really it's really It's not it's not to their benefit It's a coin base assuming them we're also seeing that Binance holds out from their bid to buy Voyager They were gonna buy Voyager for 1.3 billion dollars and because of lack of US clarity framework They said hey, we're not gonna do it. You're not helping us. I think also Binance us is also a Kind of on the same side as coin base and saying like you need to give us framework. We don't know what's going on We will pull out of the US and it's not looking too good for that I think on ramps are the most important thing when it comes to Operating with cryptocurrency within the US You know, I don't think we I don't think all on ramps will go away things like cash app and perhaps Venmo Exchanges exchanges are in a weird spot right now And it's because they offer so many cryptocurrencies across the board But it has been clear that At least bitcoin is safe Um, even ethereum is up in the year 5050. Uh, because you know, we've seen ginsler on the hot seat unable to answer Whether or not it is a security commodity in my honest opinion Um ethereum is not going to get pitch as of right now because it's too big Ethereum is too big to be dealt with uh at the moment. There is too many stakeholders and uh too many actors within the ethereum ecosystem For anything to happen in my honest opinion. Um, I don't think I don't think ethereum is is going to You know face any scrutiny any scrutiny what I do believe is that Um exchanges that allow you to stake Those exchanges will be facing some sort of scrutiny in the sense that In theory you Can ask them to have uh money Transmitters licenses In order to allow their customers to stake uh and aside from those licenses You may require Customers that have this ability to be an accredited investor Based off the mechanism, but that's going to take you know some time to implement I think onramps such as cash app Maybe venmo and some of the others in between will be fine It is not profitable for an exchange to Operate just selling bitcoin So Whether or not in the long term exchanges say in the u.s. If things continue to be so hostile That is very questionable. Uh, but at very least we will have basic onramps like Chat uh to just simply buy bitcoin get in and then you know you can figure stuff out after that Um, but yeah, it's not looking so great for uh the u.s. Crypto market right now A lot of companies are retracting a lot of Companies are looking at other directions. Um, there is bills that have been passed in states like texas to protect people within these industries, especially within bitcoin mining supposedly In the next two months, there will be a bill in office in the u.s. Um But trying to push some sort of clarity I'm not sure What or how but you know this this is something that we will see And you know when we get there is When we get there, I hope it's not uh, you know, um some chop suey as I like to say Uh, so the last thing on the news that we'll talk about today is our dear friend. Bellagy So as we know Bellagy claimed that bitcoin was going to be a million dollars in 90 days Now there was some people that were like, oh my god Yes, and then there was some people were like you're insane Uh, and as we saw uh, bitcoin Is probably not going to reach 90 or it's probably not going to reach one million dollars in the next 90 days um, so Consensus he actually retracted his statement Uh and said that bitcoin might be a million dollars in 900 days or in 90 months I don't know Yeah, I it was like it was like, okay. Well, we're just gonna add zeros or change the timeline here um, and obviously, you know, this was something that We we saw coming no surprise there um I actually think it's funny that he decided to like announce this at like consensus of all places But yeah, it'd be basically his statement was retracted because it's just it's just so unlikely Um hyperinflation of the dollar I mean, there's a lot of news around and I'm assuming he also retracts his statement around hyperinflation being in 90 days, which which was the the reasoning as to why bitcoin would be a million dollars Because it's just extremely impractical at this point in time and it doesn't make any actual sense so I have seen things um in the news that talk about the dollar and it's inevitable that it's on the line right now um, however I think for at least the next two years We're going to see Your inflation is pretty high um In other countries, it's not necessarily any better per se and people still again hold the dollar as a reserve currency um, and until Things like bitcoin are more accessible On a broader scale. I don't think anybody will hold anything else as a reserve currency Um, I think in the next few months, it will be very interesting to watch what happens, especially With fed now coming out. Um, and a lot more framework to push these cbpcs So we'll see we'll see what happens, but uh, yeah, hopefully let's wish we'll talk for the best Yeah, definitely a lot of a lot of a lot of stuff going on um, hopefully they can get it figured out, uh, especially with the framework, um, you know They have to there's just no way and I know it hasn't been in their favor to figure it out mostly because there's a lot of lobbyists who have been pushing for crypto and you know, that's fine but there's also been a lot of um I guess like like what would what would happen with sam right sam was a lobbyist He came in he donated to the party and a lot of this stuff was Kind of in self-interest um, some of it wasn't uh like some of the things that he was saying against d5 and some of it was and at the end of the day, um, his own company collapsed and There was a lot of hurt that was caused and created by it And you know, nothing good came of it So what's happening is a lot of these lawmakers are scared to trust what anyone has to say And that is an issue. Um You know at large, but something needs to be figured out because it we can't just stay this way It's it's extremely unsustainable to Be operating in such an environment where um, you know, it's very unclear You know, you build a company one day and then out of nowhere. It's like bam You're illegal, you know, it's like you can't do that. You just cannot do that Clear framework needs to be put in place And the truth is crypto's not going anywhere crypto currency companies aren't going anywhere. They're not going to leave They're not going to disappear. So giving them You know guidelines to stay within this box is better than You know, whatever the heck they got going on now Yeah, definitely. And uh, yeah, like you said, crypto's not going anywhere You know, if the if the framework here in the u.s. Is is really bad Companies are just gonna leave the u.s. And then the u.s. Is gonna fall behind, you know, they're gonna be behind the ball So, um, yeah, I think it's in their best interest to to really figure it out and uh and get that ball rolling, uh, because Like I said, like we're already seeing coinbase talking about possibly going somewhere else if If if you know the framework isn't set up So they're trying to figure it out and it's not fair that that the sec is going after these companies after, you know After whatever it is just because they're they're making it up as they go. So, um, You know, well, hopefully hopefully get that figured out the quicker that they do Um, the better and they definitely need to have like pro crypto people On the sec I think in order to to really come up with a framework because it can't just be From people that are on the outside looking in, right? Absolutely It's it's actually very detrimental. It can do that. Right. It doesn't it doesn't it makes Are you aware what's happening in in europe? No, what? So in europe, um, right now basically they have, um Things going through parliaments and a lot of those people anti-crypto, uh, you know, they're trying to make some sense of regulation But a lot of stuff doesn't make sense. So they have these terms called hosted and unhosted wallets and pretty much if you have a Hosted wallet, um, which is where you're allowed to keep your cryptocurrency, which is a custodial wallet So wallet that belongs on an exchange or is governed by a bank or some kind of regulated entity um Is going to be allowed if this Uh, you know bill that's going through parliament passes if you have an unhosted wallet, which is a hot wallet a ledger a treasure Uh anything that is not attached to an exchange or a bank It is illegal to hold your cryptocurrency in one of those wallets. Um, so that is something that's going, uh, you know at miss, um, I guess it's the Well, there was brexit. So I don't know what they call it now, but um, you know, whoever Whatever group of european countries. Um, that is whether it's london uk Yeah, probably just the uk is is where this is like circulating through but it's it's insane You know to to say hey, you can have crypto, but your bank has to hold it. It's like wait a minute What are you saying? It's like I can have cash But my bank has to hold it. You can't actually have cash. You can just swipe your card It's like that makes zero sense because it is insane. It's you know, like what's the point of the whole point of crypto Yeah, exactly Yes, the entire point and purpose of crypto is to have no third party to have no middleman to have no banks To have no central authority over it. So well, they can't make money that way And they can't track how much you have and make sure you pay your taxes. They have to know how much you have Right. Yep. So, uh, yeah, we definitely need some, uh, crypto people within these these things because If not, it's like imagine imagine people that have never played Uh football or basketball and they're the ones creating the rules, right? How are they how they're gonna know the rules if they've never participated and never been in it, right? So, yeah, it just makes it makes zero sense. All right, so, um I pre thank you for the news bitcoin queen. That was a lot of coverage right there Now, uh, we're going to uh to jump into a price analysis. So, um, we're gonna Let's first start off as you guys know today is the first of the month. So it's the first of may um So let's let's start it off by looking at How we ended last month. Um, let me pull the chart up here Here we go. So as you guys can see in this chart right here last month, we did end up green Um, but we went in there was a lot of volatility in both in both directions last month Um, we went down as low as 26,925 and we went as high as 31 thousand dollars So, um, definitely a lot of volatility there. You can see the clear support where that was held right here Um, and then to start this month off. So far we're down three and a half percent. So, uh, but again, it's only the first day Uh, we'll see what happens now. Um, now that we're in may It brings up a uh famous phrase that that is known in the financial world Sell in may and go away. I don't I don't know if you're familiar with this, uh, bitcoin queen but there's there's definitely a lot of, uh That that's a really big thing a really popular saying in in the in the overall stock market and things like that, right? So the question is what about crypto? So I have a few fun facts here that uh, that i'm a drop here Uh, where is it that i'm a drop here for crypto? Um You know based on this right and this is a chart right here that we're gonna Just kind of take a quick look at and this is looking every line here represents may right and Like the the main points here is six out of the 11 years If you would have sold in may it would have been worth it, right because after it it went down So that means that five out of the 11 years. Um is the bitcoin's price went up The other thing is that the months following may so that's june all the way up until september Are bitcoin's worst performing months on average? All right, so that's another thing to keep in mind Um now in the recent time so if we look back at the last what one two three four five years Four out of the five years It's been we've had big Drawdowns right so we had one here, uh 71 percent. We had 58 percent then we had uh an up We went up on in this year that was in 2020 600 and 26 percent Then the last two years 2021 2022 we were down 56 percent and down 60 percent, right? So um, that's all obviously the the recent memory and uh recency bias Right four out of the last five years. We've gone down But the last thing to keep in mind is That if you kind of you know, if you start out here and you kind of add them all up Overall if you would have just bought and held throughout the period of Um, you know june through september You would still be in a profit You would you would be up. So I think I ran the numbers and I think you would have been up around 1700 percent Right. So because overall when it when bitcoin moves up it moves up way harder than when it moves down So um, and if you take out the biggest On on like the best uh year. So for example this right here all the way back in I think this is like 2011 2012 If we take this out, right and then let's say we take out the biggest losing year Which was back here minus 76 percent There's still you still would have been a profit. I think the number was 298 percent profit Which would be an average of around 22 per cent per year So, uh, you know For crypto should you sell in may and go away? Maybe not But again, you know, as always do your own research come up with your own numbers and figure out what might be the best strategy for you um, you know, I I think For me, it's definitely just buy and hold right especially going into the current Um, because remember the last few years we're really in a in a bear market, right? So 2021 2022 There were down years. So we're you were expecting this to to go down like this um Now we're going into where that first year that pre halving year, which is typically bullish. So Especially this year pre halving the year of the halving And the year after it might be a good time as you guys can see here to stay in crypto And to hold on to bitcoin not selling may and go away But maybe after that then we might consider This being a good strategy at that point. So Just a couple things that I want that I wanted to cover. I thought it was kind of fun to look at it I know a lot of people have asked about it. Um So something to just kind of keep in mind It's not not something to just base an entire strategy around but just something to keep in mind overall Um, let's see. What what else do we got here? So now let's let's go ahead and take a look at the weekly candles here As you guys can see here, uh, we've started obviously started off the week red But uh last week was a decent week. We had a plus six percent week After a big engulfing red candle here of minus nine percent. So, um, I I liked seeing This support hold as you guys can see for one two three four five six weeks in a row now This support has held here. Um, and I think it could potentially, you know Continue providing that support here. As you guys know, we have this big red resistance. This is a big red Resistance we keep getting, um, rejected from and beyond that we have this big resistance Trending line, right? So it's trending up It's been setting up the higher highs for us as we've continued to trend up throughout the year And it has been rejecting us. So right now, um, for this week that high that trending line up here would be sitting around $33,000. So if we were to break above this resistance, that next resistance that we're looking at is probably around here, which is And and also 32 32 is an is a previous number here that's acted as a resistance before It's also acted as a support. So that's something else to that'll be there. And then we also have this, uh, dynamic resistance that That's it looks like it's going to continue setting up, uh Helping us set up those higher highs As you can see when we started the trend here We consolidated for what one two three four five six seven And on the eighth week basically is when we had that big move up and this was a cpi week, right? So now we've had one two three four five six. This is the seventh week And next week is the cpi week. So can we potentially see something similar happen? What was this one on one two three four five six seven eight? So that was on the eighth week one two three four five six seven Next week will be eight. So can we get another eighth candle just like this one? um That high would be up here, which would sit around 34 000 dollars um If we continue to to reach the top of this, um, resistance range so, um Maybe right I do expect uh cpi data to be a catalyst If it continues to be a bullish catalyst as it's been performing here, you can see here We had the same thing here. How many how many weeks was this one two three four five six seven eight nine? So this was nine Um, this was eight. So we're we're coming into that range right eight to nine weeks after a big impulse move Can we get another big move here? Can we get another leg up a continuation to this rally? That's what we're going to be watching next week. Um, so this week Is it's going to we have the fed the the fed rate interest decision interest rate decision? um, again, I think it's going to bring volatility into the market But it's not going to bring I don't think it'll bring something huge like this Maybe something smaller on the lines of this if it's a bullish news if we get word that we are pausing going forward Um, you know, that would be definitely be bullish So, uh, that's current that's the main things that we're watching. Um, as far as an overview Into the monthly and weekly um As well as what we're looking at this month Uh, let's go into the daily and look at some possible Uh resistance support zones and I it's right right now. It's going to be the same thing here, right? Right now what we're currently at it's no man's land. So if I'm looking for a trade I'm probably not looking to fill a trade in this range Where I want to fill a trade is in the green box or the red box So those right now those are my ranges to fill trades, right? And this again goes back, uh, seven weeks at this point So, um, you can see that in the green box has been a good opportunity to buy to go long, right? In the red box has been a good opportunity to sell or go short Um, eventually one of these are going to get broken So you have to be careful that you don't get caught on the wrong side of it when it finally does get broken so, um This is currently we we've hit this this range. We've hit it as support, uh, basically once here We've hit the red box once now. We've hit the green box again a second time the red box is second time So now which way is this candle going to go? Are we going back into the green box or back into the red box? And then you can make a decision based off that because that's going to give you an edge Eventually it is going to be broken, but you can play the zone until it's broken So, um, and then once that's broken, you can make sure you have your stop set up And then you can reevaluate at that point. So that's currently what I'm doing. Um, I'm I'm long looking for long, uh longs here in the green box shorts up here in the red box Sometimes trading is complicated and enough sometimes you just got to simplify Dumb it down and just play these zones. Look for that support. Look for that resistance Make it as easy as possible on yourself, right? Don't try to go against the trend Don't try to over complicate it putting a bunch of indicators You guys can see I have zero indicators on this chart right now I like to look at the chart as plain as possible with just support and Resistant zones and then go from there. I look at indicators for confluence. So right now. This is this is what I'm looking at so um now Bullish scenarios and bearish scenarios Um, I think is going to mostly depend on what we get on Wednesday That's going to be the main thing. Um, depending what we get Wednesday as you guys already I already told you guys uh for Wednesday, there's a 91% probability that there will be 25 basis points hike. That's already priced in So what we're really watching for is going to be for the 14th of june Um, we're trying to get an idea what's going to happen then Right now probability is for a pause, but the market's not sure yet. We don't know yet, right? So that's what we're mostly going to be watching for on Wednesday is at press conference um for any hints at a At him saying that there will be a pause uh next the next uh federate So that's going to be very bullish and in that scenario if we do Get any type of confirmation of a pause. I'm expecting prices to definitely shoot up here Um, and then going into next week CPI data if once again it comes in bullish Um for us for risk on assets then again, uh, we can see the price shoot up here And i'm talking about like if we get to this week bullish next week bullish We could potentially be sitting anywhere either on this trend line up here Which is around 33 34 thousand dollars We could even uh break above this trend line and hit this next feminachi level Which is sitting at 37 thousand dollar range? So, um, definitely all possibilities But it's all going to depend on what happens In these next two weeks these next catalysts that we have so uh, that starts off this wednesday It'll continue next week now a bearish case scenario if for some reason, uh, we get you know, you know They say that there's going to be continued Rate hikes going forward CPI data comes in bad whatever the case might be where there's A bearish scenario Then uh, again, the first thing we're looking at is 27 000 range for a hold here if we break below this range Um, we could potentially I would say breaking below this We would probably fall down to 25 000. That would be the first stop in our drop The second stop will be probably down here This is around 22 As low as 20 000 dollars So I think 20 000 would be the most we would, um, retrace in this, um In any type of bearish scenario unless there's some type of black swan that we don't know of yet, um That sends prices even lower than that then at that point we could potentially retest, you know That that 18 k to 15 k range again I don't think that'll happen. Um as you as you guys see right now The the way that the chart is set up is higher highs higher lows So I think we continue this trend Um, and I'm looking here in the next two weeks for a potential higher high Um, and that's pretty much it guys. That's that's pretty much what I'm looking at right now That's my outlook, uh in the market Um for outcoins. I think outcoins are gonna be dependent on bitcoin dominance So let me take this out the way really quick. Um, as you guys can see, let's if we go to the weekly here Um In the weekly we can see that this has been a resistant area for bitcoin as you can see back here in 2021 2021 again and back in 2022 Uh, bitcoin's dominance basically started dropping once it got to these levels And we're currently sitting at those levels. So that's currently What i'm watching for as far as outcoins. Um, for the most part, they're gonna be correlated to bitcoin Um, unless we have some type of break here Um, we you can see that we kind of broke above this level and this is the highest close we've had since Back in 2021 So now we got to see what happens here this week and and probably the next week It'll determine a lot of uh of this. I think uh the way it's looking right now Um, if it's bullish news for bitcoin in these next two weeks, I think bitcoin leads the way Um outcoins follow after so um, that would mean bitcoin's dominance probably goes up a little bit more Maybe uh tests at 50 percent range. Um, and then we get a drop off in bitcoin dominance As as then outcoins rally at that point. So usually bitcoin leads the way Um, uh, ethereum is usually the next one to To follow and then after that is uh other outcoins That's usually the way that the cycle goes as far as the flow of money, but um Yeah, uh has pretty much uh Everything that that that I think uh the analysis that I wanted to get into as far as analysis um, that's my uh The the beep is uh, what do you call it my? Vacuum robot robot vacuum thing. Uh, it's probably gonna beep again Uh But uh, let's let's jump into a q&a So if you guys have any questions drop it in the comment section, uh, and we'll go over it and answer it I know I've seen a few questions in here already. So, uh, so I'm gonna jump in and go over some of these I already answered some of these in the comments, but I'm gonna uh Go over them again. So let me get a drink of water here really quick Um, and uh, the first one of the first ones I see here is salana in ethereum prediction I'm gonna hand it over to the bitcoin queen to see what she thinks Salana impact prediction Is that is that what it was? Um, salana and ethereum, uh, their impact prediction in terms of like market. Is that is that where? No, no, no price prediction Oh price prediction. Uh, well, well guys, let listen we're uh on an upward trend here um for the most part it looks like we're kind of like all point season is like it like kind of came in and then I was like Oh, I'm gonna go this way Everything's kind of wonky right now because we're in a very like I need everyone to understand that our economy is extremely unstable Um, and as much as you know everything around us is functioning. We are operating in a high interest high, um I guess high, uh asset and valuation Those two things do not actually match like you cannot have high interest and Have increasing prices on assets like that's not usually how these things of interest high Then assets need to go down if you know assets are high interest needs to go down Because like you can't you can't have both it like like doesn't work that way Um, and we can kind of see that in the market like things look great one day And it's like oh, we're pumping and then the next day It's just like oh, we're not sure and like it's like meme coin season. Like what is even that? Um Overlong and the law over the next two years is what I'll say We will see So on a double triple quadruple, uh, because we will officially enter, uh, the bull market Um from now until then It's questionable really depending on the state of the economy and and whether things, you know kind of Stay sideways or not. Um, you know jay's original prediction is by the end of the year We should be at 30 000 dollars, uh, even though we are in now officially Well, I guess as of march officially the second quarter of the year and bitcoin was just at that 30 000 dollars So It really depends on like the state of the economy. Um Solana as you know as a cryptocurrency like yes, it's been it's been progressing You know, it's it's taken quite a hit. It's taken quite a fall Um, unfortunately and like the public side view In terms of like, you know, me just talking to friends and developers every day Solana is kind of seen as a joke. Um because of all the things that it's gone through Uh, although it's still it's still relatively strong. Uh, you know, it's it's one of those things that it's has a very large community Um, ethereum obviously is not going anywhere. It's burned a lot of currency over the past few Like since since they did the having um, or not the having i'm sorry since they did the translation from proof of work to proof of stake Uh, it's burned quite a bit of eth which has made it deflationary even though ethereum actually doesn't have a market cap Like there can be an limited amount of printed ethereum and in theory. Um, but yeah, I mean We're we're starting to see I guess we're starting to see a little bit of an uptrend and we're going to continue to see the uptrend Um, we're not going to jump back down severely. There's just no way we've already seen the bottom of the bottom isn't Uh, but from now to the end of the year, you know, like maybe maybe first a lot of Solana is an easy one to double because it's it's like what 20 in the 20s Um, you know, it's easy for it to hit 40 like in theory. Um ethereum It's probably gonna take its time. It's a very large ecosystem And the the real question is with ethereum Will money in ethereum dump into layer one or layer two? That seems to be Uh, a very interesting dynamic that's happening with ethereum because a lot of things are saying, hey It's very expensive to build on layer one. Why are we building on layer one? We need to build on layer two And this is where you see some of those layers twos. Um, you know coming in and taking, you know, some profit With arbitra, I'm a lot of that stuff had to do with the airdrop, but uh, it had more transactions on layer two than it did on layer one for some time So, you know, we'll see what happens there. Um, I think overall I think overall like my I like to make like long long term I guess thought process and analysis. I I don't like to do any of the short term stuff because we're in a very, um, I guess unsteady time So I think I think for right now over the next like year or two like yes, it'll be fine Like if you're just going to hodl hodl, but you know Maybe because things are kind of starting to go sideways a little bit. Um, I guess we're starting to see the market crab Uh, maybe don't play too much with longing and shorting. Um For for like, you know, if you're going to do short term stuff if you're going to get in and get out perhaps, but It just it's very risky. You know, I've seen people lose it all So, uh, just don't be that guy Yeah, definitely. Um for me, uh, Solana I'm looking at the chart of Solana right now and we can see that we've that it's pretty much bottomed out I don't think we go, you know, um any lower right now. It's at a at a pretty good support there and at 20 dollar range Um, and like like you said, like I think it has a huge community behind it. Um, there's still a lot of, uh Development and developers on there creating. Um so I know I know was looked at as a joke by a lot of people after the whole ftx Fiasco, but um, it's continued to grow. It really has and and uh, they're they're creating a lot of games It's a lot of games on on Solana They're they're growing their nft ecosystem all that so um, you know, I I do think that that it goes back up From looking here You know, the right now the next resistance is probably around that 30 dollar range So in order between like 28 to 30 dollars, um, it's gonna be a resistance And then after that, uh, it looks like as we get close to 50 dollars It's gonna be resistance there But um, I think it's just a matter of time to be honest. Um, you know as things start going keep continue to go up If we continue to trend to the upside, um, I think this Eventually goes back to the previous all-time highs. Um, and maybe even beyond So, uh, yes, that's pretty much it depends on what time frame you're thinking about. Um, as far as a prediction Um, you know, but uh, but yeah, it's kind of how I'm looking at it right now as far as ethereum If we pull up the chart here, you can see, um, once this loads up. Where's my where's my drawings? Hold on the drawings aren't appearing now. There you go. So, um on ethereum Kind of similar thing right now. We're sitting at the green support box. So this is a support box Um, that I've been tracking for the past year and you can even go all the way back to 2021 So that'll be the past three years, right? This is a big support area here. Um, that ethereum that ethereum is currently sitting on And you can see when we lost this range, um, when we lost this support, it was a resistance We got rejected from it multiple times here. So, um, right now we're we're it's going to be a strong support here I think this green box, which is anywhere between 17 to 1800 Um, it's going to be a a proved to be a good buying opportunity Um, and that next stop for ethereum is pretty much, um, around 22 to 24 $2,500 So that's going to be that next big range there. Um, big resistance there I think once we, uh, once bitcoin really breaks above 30 and, um, Stays above 30 We'll see ethereum rally up, uh, probably close to like that $2,500 range So, um, that's the the next targets that i'm looking at. Um, you know In the in the shorter term Um, once, uh, once we go beyond that, um, then, you know, we'll talk about that At a later time because then the prices start getting a little bit crazier We started talking about possible all-time highs. So, uh, for now, that's the main thing that we're looking at Um, all right, let's look at, um another question Um Everybody's smile said you're gonna ape into some baby Are you gonna you're gonna ape in or what? Who's who's a thing in? No, I think it's you know, I think that that train took off unfortunately, um You know, I was I almost aped in like a week ago But like I was like, oh, let me just throw 100 bucks here and then it was like 30 dollars in gas fees and I was like, uh I was like all these fees. It was like one of those things where it's just like I'd rather or not. I'd rather just like, uh I'd rather just play it safe. I I thoroughly enjoy just playing it's life because like for crypto for me Like it's something that I'm gonna look at like five years from now where I'm just like, all right I think I'm gonna retire. Let's see how much I got and then, you know, I'll just call it a day because You know, big point is gonna hit a million dollars one day I got a good amount of eath and some of these other little all points. So it's just You know, I like and like I like to think that I'm gonna play the game, but like I'm really not This is the truth Yeah, I'm I'm Like I like I said earlier, uh, when it comes to meme coins, it's a game of musical chairs Um, you know, you're gonna be just kind of jumping in Randomly and hoping that you're able to to make a profit before the music stops So you have to you have to be very careful. Um any any any money you put into it You don't want you don't want to jump in late. The worst thing is when you jump in late Like what like, you know, it's it's it's over. You're done. Um You know, it's just not it like realistically thinking uh Realistically speaking If I was to put in a hundred dollars And from like last week, right? And it's like, okay, if it's up, you know, like a hundred Percent from then and it's like, okay. Now I have two hundred dollars Um, but I pay 60 dollars in gas fees just to You know just to get in and get out. It's like what what is what is the purpose besides like my time and my sanity? You know, it's just not even worth it at that rate. Yeah, definitely and and I mean with a hundred dollars Um, you know, even if you make a one x you just made a hundred dollars like Uh, yeah, I don't know. Yeah, it's it's like not great. Yeah, you know, it's like it's like I I'm not willing to put more than I'm willing to lose obviously. Um, so it's like I'm gonna put in Small amounts just to kind of like, you know, look around but You know anything larger than that is like it's very questionable and um, it doesn't actually make sense to To do, you know, it's it's just it's just one of those things where like you just shouldn't Yeah, definitely and I'm not not at a late stage, you know, like it's like I I would consider paper right now to be um in a later stage Me mean points coming go so fast that It's just it's almost not worth it Yeah, definitely got to be careful and and looking at the chart right now Like look look at this chart. It's just it's it's too late, right? So I would say, uh Again, don't get caught when the music stops is is what I'm saying. I know some people like to play The meme coins. That's fine. You can definitely make a lot of money if you catch the right one at the right time Um, right, but um, but yeah, um, I'm personally staying away Um, I'm not jumping onto any meme coins All right. Um, it is 159. So, um, I think I think we're gonna wrap it up and and close it off close it out at exactly 2 p.m Um, we've basically gone over, uh, we ran we covered everything we wanted to cover. We did uh, let's let's look here We we went over, um, exactly where the price update where the market's at right now We looked at the economic calendar for the week as as you guys know. It's a very busy week. Um, went over the news updates So far this week the latest updates, uh, did a market analysis Answered some questions in the q&a Um, that's pretty much that's pretty much it. Uh, do you have any anything else? Uh going on that you want to mention Any final words? I know you have an event coming up That I was just Um, guys come see jlive at chiccoin 2023 Uh chiccoinconf.com. It's a community conference here in miami. It's uh going to be around the bitcoin conference. It'll be fun Um, we have I actually I'm I'm working on actually getting odie if anybody know who odie is Uh, he is a uh big person has a big presence within the crypto space. He just turned chic pointer and uh, we're gonna see if we can get him out here I saw him recently at consensus. Um, but we got some uh, pretty good sponsors pirate chain is coming out of the woodworks We got 11 vodka. Uh, it's gonna be a good time. So come out. Have fun And um, come straight quick with all your friends Awesome. By the way, what what am I going to be talking about on uh at the conference? This is your prerogative my friends. You can do whatever you want. Uh chiccoin style. So All right, sounds good. Sounds good. I might do uh I might do my breakdown, uh on the top 100 coins last bear market and how they performed That might be fun. Nice. Nice. I would I'd like to see I personally would like to see that Awesome. All right. So that's it guys. Thank you for tuning in once again We'll be here on uh next week every monday at 1 p.m. Eastern standard time So we'll see you on the next one as always peace and love