 Welcome to the rich TV live podcast. Hope you're having a great day. We're having a great day over here We're gonna talk a look take a look at the hottest stocks of the day We're gonna look at Bitcoin We're gonna look at gold and we're gonna look at oil and Bitcoin golden oil are all surging and there's some stocks Making big moves today despite the fact that the market is red and we've had a pretty much a red week now Here's one of the hottest stocks of the day XRTX up 61% look at this big move here huge candle Put on your radar put on your watch list One of the things I've been noticing with a lot of these stocks is that they're down for the year This one is as well not that bad But they're all trending down for the year from their highs and then they're doing these dead cat bounces This is very very familiar with a lot of the stocks this year where they come down and They're bouncing off bottom so Hard to trust that this is gonna continue and a lot of times I've noticed that after one day of a spike the next day they're deep red So you need to be careful and that's why you can't really chase a lot of these stocks right now You got to kind of trade them intraday. Here's a rav same thing. Look at this a lot of the same Right, look at that one-year chart looks very bearish has been much higher comes down from a high of two bucks It's at 20 cents. This is a two bucks now at 20 cents and that's up for the day So very very risky right now in these markets with obviously all this war talk and inflation and higher rates It's markets tough. It's not an easy market, but don't worry your boy rich is here and we're gonna help you find the winners Don't panic. We got you here's nmg up 43% you can see big move and then continuing and the continuation for the day and Mg up 43% here's WH LR Take a look at the one-year chart. They all look the same, right? They're all beating up stocks that are starting to make dead cap bounces So very difficult to trust it when you've seen it go down this much, but these are the ones that are moving today So WH LR up 45% on the day. Here's L IPO Let's take a look at the one-year chart a lot of the same been much higher coming down and Doing a dead cap ounce, right? A lot of these are moving not even on news It's just I think market makers feel that they've been heavily over Sold and they're just bouncing back up and shorts are getting squeezed and that's why they go up So L IPO up 42% Here's AUM and up 39% and look the chart looks the same. They all look the same Come down heavily oversold dead cap ounce. So AUM and up 39% Now let's talk a look take a look at Bitcoin. So Bitcoin. I've been charting this I told you guys I predicted we get back over 30,000 in October and November and we got over 30,000 twice Look at this twice So but when it got over 30,000 it quickly sold off So there's a lot of sellers at 30,000 which makes sense. This was at 15,000 last year So at 30,000 it's a double in less than a year. So it totally makes sense But once we get past that 30,000 resistance, which is right here. I'm put a line on it Once we get past that 30,000 resistance. I really believe we're going much higher. So Very very important area and zone that we need to break now, but we broke 27 we broke 28 We broke 29 30 is the next logical number that will break and I did predict that we would break 30,000 between October and November Today's October 20th. We hit 30,000 twice right 29,400. I'm very very bullish on Bitcoin And you could see my line here because I predicted we would do it and I really believe it's coming and I think it's coming soon So probably Next week, I mean the way it's going. It looks like next week. We're gonna hit it If not, I'm sure in November. We're gonna break 30,000 and beyond. So very very bullish on Bitcoin Now I want to show you what's going on in the overall markets. I think it's important to understand the entire overall market sentiment Oil is green gold is green gold was over 2000 today sold off a little bit seems like that 2000 mark It just it's a heavy area where there's a lot of selling You could see the market is red today. The Dow Jones is 150 basis points down 0.45% SMB 532 basis points down 0.76% and the Nasdaq 127 basis points down just under 1% the VIX in the red today despite the fact that the market is red. It's a little bit Confusing typically when the markets read the VIX is green Typically the VIX does well during more times of volatility, but today the VIX is down So kind of an overall down day, but we're having big green days for gold oil and Bitcoin So very nice to be in these alternative investments right now, which I am So I've got exposure to all three and I think if you want to do well in these markets, you should as well All right, so let's take a look at the markets once again, and let's just quickly take a look at So I've been marking here's aetherium to full disclosure. I'm a holder of Bitcoin and aetherium theorem just broke 1600 So get to see aetherium doing well and you can see this has been me charting aetherium all year Did start at about a thousand. We're right now at 1600. It's been as high as 2000 So I believe we're going to see aetherium go much higher as well Bitcoin is my number one crypto holding aetherium is my number two. So definitely keep your eye on aetherium as well All right, so here's gold now. This isn't the exact price of it. This is at 1985 right now We're at 1995. So let's just say we're $10 lower But this is one of the charts I wanted you to look at and you can see that it's clearly on an uptrend right now a Very strong uptrend and I feel like in times of uncertainty high inflation high interest And war you're going to see people are going to put money in gold as a safe haven So I think gold is a good place to be putting your money right now and clearly the market thinks so as well As you can see we are trending higher on gold oil You can see that oil is doing well. It's it's done extremely well this year. It did retrace and now it's going back up So very important to understand the trends And why is oil going up because of the crisis in the Middle East? And 40 of the world's oil comes from the Middle East So a lot of those countries are benefiting from this and I think that this will most likely continue I did predict we would get a hundred dollar oil I think we will still as we get into the colder months in the winter And the winter's just starting to get started. We're still in the fall So I really believe we will see a hundred dollar oil right now. Oil is around 89 bucks. This is priced at 88 67 But you can see we went up to like 95 retraced down to back to 82 and now we're back to 89 so Very very bullish on oil And I do have exposure to oil in my portfolio and gold and and I currently own bitcoin and ethereum so a lot of exposure to these alternative assets and obviously I have stocks as well Real estate so I'm very well diversified in my portfolio and I think you should be too In this market environment all right also ripple ripple had a nice day as The sec has essentially waived the white flag and said that they're giving up On their case against ripple So that's good news for ripple and you can see that they trended up as well So nice uptrend here on ripple and they've You know sold off a little bit and one of the reasons why is there's Hundreds of millions of ripple and this is what I've told everyone the reason why I love bitcoin is only 21 million bitcoin There's 500 billion ripple So every time ripple goes up There's people that come out of the woodworks and the owners of the company can sell And that typically takes the price back down. So It's one of the reasons why I don't have a ton of ripple, but I still think that ripple Behind bitcoin and ethereum should be your number three. Just because of its use It's the fastest one of the fastest coins and one of the best coins that institutions banks And high net worth investors want to use to move money around It's cheap and it's fast. So if you want to move assets around, I believe ripple will be one of the Best coins in the future for that But because they have billions of coins It's going to keep the price down and it's going to be difficult for the price to go higher Unless they do something drastic like burn coins Or unless some crazy news happens, but i'm a big fan of it still despite the fact that they have a huge supply I do believe it's one of the best coins on the planet for use case but like I said, one of the issues is The tokenomics just isn't very good. And that's one of the reasons why it's at 50 cents And one of the reasons why bitcoin is so high is because there's only 21 million for the whole world to share And that's why I believe everyone should try to own at least one bitcoin You take a look at the last five years You can see clearly bitcoin has had a huge run up and come back down And now it looks like we're going to start our next big wave up. So I hope you are loaded up on bitcoin Remember rich tv live is strictly for information and education purposes Please do your due diligence and do your research before you invest in anything we talk about and discuss Past performance is not always an indication of future results I'm your host of the most your boy rich from rich tv if you're not winning you're probably not watching bringing the winners Co interviews breaking news trending topics the biggest news of the day Sports you name it. We trade it and we bring it to you first Have yourselves a great weekend. Happy Friday everybody. I'll be back Stay tuned. I'm out peace