 Welcome to the last set news. Take the top stories in crypto and bring them out of bite-sized pieces. Today, just the title suggests you've been fooled because in the background, a ton of people and a ton of entities have been accumulating Bitcoin like crazy. So we're going to take a look at what's going on and take a look at the Twitter CEO and message that he just dropped probably about 15, 20 minutes ago. We're going to take a look how regulations are incoming and we shouldn't really be scared of that. We should be welcoming of it. Also, we'll again talk about everyone is buying Bitcoin and cryptocurrency. And lastly, we're going to follow up with a friend of the show, CTO Larson. So before we get into everything, just as you might be aware of, it's Cyber Monday. So there's a ton of deals to be had like unstoppable domains. You get the Bogo, buy one, get one free. Also over at shopping.io. If you use Amazon, eBay, Walmart or Home Depot, you can get up to 50% off of all the things that you shop. So I will leave those in the description. But the big news today is, well, first of all, the thing that's going on is the market had a nice little recovery and I'm pretty happy about that. I like recoveries. I bought the dip. Like I've been buying every single one that I can get my grubby little hands on. And we're almost at 2.6 trillion. So it was a pretty good buy. I'm pretty happy with what's going on. Also, if we take a look at the market itself, these are my favorite charts I use for on chain analysis. And for just for Bitcoin itself, as far as minor outflow, we don't see a lot of miners selling a bunch. As far as Bitcoin reserves, we see it actually going down. Again, people are taking it off. As far as Ethereum, all exchange reserves, same thing because of people actually using it for all those crazy gas fees. And there's two, there's two charts I really want to dig into. One is the taker buy volume. And the other one is the average estimated ratio. So I'm going to blow this up. This is on the hourly. Now, if we can see right here, as the price starts to drop down, you see there are some whales or some big people who are like, Nope, we're not going to let you drop all the way down. And they keep propping up the price. The last time this happened was at $53,772 or almost $54,000. It seems like that tends to be the floor. Now, they tried to do it at $60,000 didn't work, but they had a massive amount of buying. And that's the first one I want to make mention of. But the next one, I think is even more telling. And it's all about the leverage ratio, shorts and longs and everything like that. I'm going to blow this up as well. And for this one, anything above two is like crazy amount as far as the leverage ratios. But if we see here, just a couple of days ago, this is on 25th of November, we were at 0.21, not 2.0, 0.21. That is way higher than what we usually expect. We're supposed to be down like the 0.15, 0.16. But I mean, for some reason, people have just been getting greedy like crazy. And they're like, let's go short, let's go long. And you have all these leverage positions. And it's just too enticing for people to either short it when it's long or go long when it's short and liquidate everybody. And then we have a massive buyout. So that is essentially what is going on in the market itself. And we'll see how it all works out. But there's something big on the horizon. And it's this one, Jack. Jack Dorsey, CEO of Twitter and Square, has just stepped down from Twitter. And this was just came out like about 10 or 15 minutes ago. Very nice letter talks about why he did it and who's going to take his place. He's got some pretty big choices. But the reason why I brought it up is not that I like emphatically excited about it. But it's this, is that Jack just tweeted this out on June. And he says, look, I don't think there's anything more important in my lifetime to work on than Bitcoin. So we've got a CEO who has been on the forefront of two billion dollar companies, Twitter and Square. And now he's going to focus pretty much all of his efforts on the Bitcoin. Now he hasn't said that in the resignation letter. But if you can just kind of read between the lines of the things that he's been talking about lately, I think he's going to take a lot of energy and focus into Bitcoin. I think that could be good for the entire market. So let me just think about that in the comments section. And also, here's some news I think that might scare people, but they shouldn't be. Regulations are coming in 2022. And here's what they are focusing on. So just real quick. This is a concerted efforts of the Big Three, Federal Reserve, Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency, the OCC. Now I don't know. There's a nomination going through. I don't think she's going to get it. Hopefully not. But we'll see. But the Big Three are involved. And here's what their focus is. Their focus is on crypto asset custody, facilitation of customer purchases and sale of crypto assets, crypto loans and all payments involving the use of stablecoins. And what they're really clamping down on and really focusing on is the banks. The banks that are going to be involved with the custody of these crypto assets because they know if banks don't get in the game as far as the crypto and digital asset space, they're going to get blockbustered. So they have to be in there, but they want to regulate it because they want to protect the consumer. And we can debate that all day long. I don't really care. But on this one, I think they have to step in and really have to say, okay, banks, if you want to do this because you're regulated, this is what we want to see, this is what we want to do. And I think it'll lead to more mass adoption. Again, it's not what me and you want. I mean, we are here super early. It's about bringing those people in in baby steps. And if we have to use the banks that get them in here so we can trojan horse them to figure it all out, so much the better. So I'm happy with this one. We'll see how it all works out. And then to finish up, this is what they stated. Throughout 2022, the agencies plan to provide greater clarity and with a certain activities related to crypto assets conducted by banking organizations are legally permissible, which when they do this, they should stop with that nonsense of illicit activities. That's for the US dollar. And expectations for safety and soundness, consumer protection and compliance with existing laws and regulations. So that is straight from the horse's mouth. And I know it's going to be people talking about regulation and how awful it is. Look, if they start to stifle it and really clamp down, I don't think they really can, but they give a little bit, goes a long way. We'll see how it all works. Let me know what you think in the comments section. And let's finish up with my favorite part. Everyone's buying. And this was an article I picked up. I thought it was interesting because it's a whale wallet. And I like to see whales doing whale things when it benefits us. Now, when it sells, I'm not a big fan, but hey, what are you going to do? This is what we have here as far as things that are going on the background. So the third largest Bitcoin whale is still in an accumulation spree, adding nearly a thousand Bitcoin to its wallet. Now, this was after Bitcoin options expired on Friday, and the huge panic selling, which was because of the new variants for COVID that we found. So when I see something like this, the first thing I think of is if it's a wallet that's that big, is it an exchange? Because if it's an exchange, it doesn't really matter. However, the article does states that while it's possible, this is a cold wallet for exchanges like Robinhood. Transaction volume and pattern doesn't seem to support this very inconsistent from other cold wallets. And there was a video, I think it was George, who talked about how one of the biggest dogecoin wallets was from Robinhood, so whatever. But on this one, it says it doesn't look like what it is. A close look at the wallet is more telling. All the coins have been acquired at the price of between $54,000 and all the way up to $67,000. So even whales are getting into this foray. And I think they're buying at a pretty good price, $54,000 to $67,000, because my prediction for the end of the year, which is not investment advice, it's investment opinion, around $130,000. We'll see what all plays out. So on these things that are going on, I like to see that people are buying because I want to see where we're going. And also on top of that, he had people like President Bukele from El Salvador, he goes, hey, we just bought 100 extra Bitcoin with a discount. It's a pretty funny tweet. And also he got Michael Saylor from Michael's Strategy. They purchased 7,000 Bitcoins and also Alex Pashinsky from Celsius. They just bought $10 million worth of Bitcoin. And that is what is going on in that space. And now what I want to do is I want to bring in somebody who has a pretty good background as far as been around for a while, just like myself. He remembers when the internet came about. He's been started up a couple of different companies. He's also a CTO for different companies that have been as far as telecommunications. And he agrees that Bitcoin and cryptos and digital assets are one of the big things. And also, he's spot on with some TA. So I'm going to bring in CTO Larson. He's one of the YouTubers that I watch or recently discovered. He's fantastic. And I just want to hear what he has to say about what's going on. So as we promised, I want to just delve into a little bit more of a deep dive into the price action. And to help us do that, I brought on a friend of the show, CTO Larson. Mr. Larson, thanks for coming into the show. We really appreciate it. Thank you and greetings from Sweden. It is 4pm in the afternoon. It's pitch black outside and minus 6 degrees. Fantastic. It is the exact opposite here in Puerto Rico. And just so you guys know, Mr. Larson here, CTO Larson has his own YouTube channel. It's on the rise. Very interesting stuff. I found it. It's entertaining the things that he does, but also there's a lot of depth through it. So real quick, CTO Larson, tell us a little bit about your background. Oh, thank you. Thank you, Rob. Thanks for having me here. Yeah, I come from this from a technology angle. I was always the technology guy, like the CTO guy in different roles in another industry. And telecom first, I was there through the whole internet coming up. And I sat next to the guy who I think programmed Sweden's first web page. So I've seen the rise of the internet. I've seen that we participated in creation, the rise of communication, which basically brought information and communication to everyone. And I feel that blockchain and Bitcoin and everything that comes with it really is the third, my third chance to participate in this rise once again. And I'm as excited this time or even more excited than I was at the beginning of the internet and the telecom and this will change society in ways we cannot possibly imagine even at this point. And I'm also very passionate about technical analysis and the price action because there's one difference. There's one difference between the internet protocols, the telecom protocols and the blockchain protocols. And that is that even if you realize that TCP IP is going to change the world, you couldn't invest in TCP IP. Or even if you realize that these new DSM protocols that oh, wow, this might really go places. This might change the world. You couldn't invest in the protocol as such. You had to buy a share in the company or something like that. But you can invest from day one in each of the blockchain protocols. You can't buy a part of the Bitcoin protocol or a part of the Ethereum protocol, whatever protocol you want. And that is new. And that makes it extremely exciting, I think. Yeah, it's interesting. By you saying that, first of all, you can't know where you're going unless you know where you've been. And me and Lars have been around the block a couple of times. We've kind of seen these types of things happen. And then when you talk about the protocols, especially with telecommunications, you sound a lot like Alex Moschinski of how he did things and kind of came around. So it's interesting the parallels that we see. Now, getting on to the TA part, tell us about because we just saw there's a bunch of whale accumulation. We just saw some big name players like the Michael Saylors, the Kailey, Alex Moschinski, gobbling up a bunch of Bitcoin. Did we miss the boat on this already? Because we dropped down to 54K as far as Bitcoin. Now we're around 57K. What do you think as far as investing? Exactly. So there's the long term answer and there's the short term answer. And if we take that, if we take that before we look into the charts, if we look at the long term answer first, is it too late? Have we missed the boat? Have we missed the boat, the chance to buy Bitcoin? Well, if comparing them, how long did mobile communication go? There's about 8 billion subscriptions today. That's slightly more than the world population. And the amount of people who has actually used Bitcoin, actually used Bitcoin for something. If you plot that in the same chart, you can barely see the dot. That's how early we still are with Bitcoin. So no, it's not too late. We have not missed the boat on Bitcoin. That I can say with certainty. But then, of course, we should try to time our entries as well as we can. Because if we don't, we risk buying the local top. We're going to hold it on the way down. We might sell and we're off with the timing. So the timing short term question is also important. And I think there is a lot of interesting things we can say about that. So I think that this deep here is very, very interesting. And I understand that there has been a lot of whale accumulation, because it made a lot of sense to buy here at this dip. And I'll explain why. There are two reasons to it. One is that I don't think the trend has turned down. I mean, Bitcoin has been in these periods of trending, where there's been a long uptrend. If you've been here since early spring 2020, we had an uninterrupted uptrend from 7000 going up to 60,000. That was an uninterrupted uptrend. And we've had many of these periods where there's been uninterrupted uptrend or uninterrupted downtrends. And so the question here that, of course, everyone asked themselves, did the trend turn down here in these dips? Because it certainly has felt a little painful, right? We were up here at 69,000. And then yesterday we were down at 53,000. That hurts. That hurts everybody. So has the trend turned down is the question. And I don't think it has. Because, of course, there are different ways to identify that. But we need to have some tools to do it. We can't just rely on our emotions. Does it feel like the trend has turned down? Because then we will constantly do the wrong thing. Because it always feels as most depressing when it is the best time to buy. And it always feels the most euphoric when it's actually the time to sell. So we need some tools. We need something to help us in our emotions. And there are many good tools for that. But the one that I use, I have a proxy for the trend that I rely a lot on for my own trading, called the Larsen Line. And that's what I use as proxy for whether the trend is up and or is it down. And as you can see here, it did not turn down. It has not turned down from 69,000, even though it dripped so far here to 53,000. Because it was quite high above the mean, so to say. And it just went a little bit below the mean and then quickly came back here. So that's my trend indicator. But there are other ways to look at the same things. And I think that regardless of what process you used, you pretty much come to the same conclusion that this was a dip. This was not at least as of yet. This is not a trend change yet. So I suspect that there are other big traders that came to the same conclusion that this is a dip, not a trend change. And then by definition, if you get a big dip in an uptrend, that's great. That's what you wish for. And there you got it. So that's one perspective. And then I want to show another perspective also. If we zoom out a little bit, Bitcoin has been in these huge parabolas over a long period of time. And we're in the fourth parabola now. The first one was here in 2010 to 2011. Then it was 2011 to 2014. And then 2015. And then the one that broke there in in late 2017, early 2018, followed by a big correction. And now we're in the fourth major parabola. And I want to credit Peter Brandt for this parabola interpretation. And with that in mind, if we look at the current parabola, you see it here starting in late 2018. We had a touch on this and actually dip below during the first COVID dip in March 2020. And then as you see here, we've had a couple of touches on this trend line. Yes, try to make it as clear as possible here. We had one near touch in July in the summer when it felt very depressing. We had one touch in September. And if we zoom in here, look here, the touch on this, this shows one day delayed. So this was yesterday, the touch here on 53,000, 54,000 was actually exactly, exactly, exactly on that trend line. So that means that there was a support there. And if you are a professional trader, you try to buy support. And there was a support in a deep in an uptrend intact. And that's pretty much everything you can wish for. So I can understand that a lot of traders went in and bought big there on that deep that because it makes a lot of sense. And I can totally understand that that that happened. And then, of course, we don't know no one knows the future. Maybe there's another catastrophic news in the media tomorrow. I mean, we can, we can no one can predict the future. The only thing you can do can do is to take good risk reward trades. And sometimes it works. Sometimes it doesn't. It just needs to work on average. It won't work every time. But as a seasoned trader, you this is exactly what you look for. You want to buy in an uptrend, you don't want to bet against the trend normally, you want to buy in an uptrend, you want to buy on the deep, you want to buy at support. And yesterday, you had it, you had everything. So, yeah, that was a great and then it doesn't feel like it. It felt everyone felt sad yesterday, you know, me included. I mean, it's not fun when the market goes down, you feel a little sad, but you have to kind of put put that emotions on one side, you can observe them, but you cannot let the emotions drive your trading because then you will be consistently wrong because the time to buy is actually when you feel depressed and the time to sell is when you feel you for it. Yeah, exactly right. And this that clears it all up. So thanks, my man. That thanks a ton of sense. And that's why I had you on the show because me and you have the same type of philosophy as far as like getting in, holding strong, maybe take it to profits along the way, but not really getting out of here. And this is when we talk about zooming out and take a look at the big picture that we take a look at where we're at as far as adoption, as far as with cryptocurrencies, digital assets and the internet. We're right online with just what with Kathy Wood talked about from Ark Investing, as far as hitting a billion total users or total wallets. And it's the same thing that we saw with the internet, which me and Mr. Larson were around when that all thing just kind of took off and guess what worked out pretty well for most of us. So that is the big play. And I think it makes a lot of sense that maybe we didn't miss it. And we're actually in the right place at the right time with the right asset. Yeah. CTO Larson, I think you said plenty of stuff, plenty of great stuff before we take off. Any last words of wisdom for the investors out there? I mean, the stuff you did was fantastic. But anything else you could just throw in just to help people out? Yeah, I think it's a great question. And of course, depends on where you are in your trading journey or we talked a little before that sometimes you do have to make your own mistakes. And that is fine. Try not to lose all the money. But what I could say is that sometimes when you go on YouTube, you listen on people like Rob here with a lot of experience or I come in and it seems like I know what's going to happen. I don't know what's going to happen. I can just offer a good risk reward. But it still means you need to take action. And the best tip I always give is that we're here to ride the trends up, we're not here to ride the trends down. So if you buy in and it turns against you start losing the losing money, you have to cut it at one point, you have to take a small loss, get out, regroup, try again to get in. Don't don't hold all the way down. And then sell months later when you lost 80% of the holding or something. Could that happen? It can always happen. I don't know what the future holds. None of us knows. No one knows what is going to happen. We can have qualified guesses or something like that, but no one knows. So if things turn bad, protect your capital, try again to get in, don't hold all the way down and then sell at the bottom. And the opposite is true also. If this turns out that this was actually a good entry, maybe we're lucky here, maybe the narrative, the fear mongering and so on eases up and we really make a big run from here. Then don't sell too early. Because what the beginners myself included when I was a beginner, the best takes we usually do is that we hold on to the losers too long. And then we sell the winners too early because we feel I need to take home the profit now. I should take profit. But you actually need those winners to run all the way because that's the ones that's going to cover for the cases when it doesn't work out. So the objective is to cut the losers quickly, maybe take a 10% loss, but don't sell when you made a 10% gain on the volatile asset. Try to ride it all the way up until the trend has actually turned down and then that's my best. That's a good one. And for everybody who wants to learn a little bit more about the trend and what CTO Larson was talking about, he's got a great YouTube channel. I will link that in the description and that is it. So Mr. Larson, thanks so much. We appreciate it. Let's jump back. Thank you so much. Thanks for having me. Okay. So that's it. So fascinating. Really good stuff. If you found some value in that video, give me a favor, give it a thumbs up, give it a like, consider subscribing. A lot of these things we're going to talk about is going to go fast and furious over the next couple of months and that's it for today. So thanks so much for watching and I appreciate it and I'll see you in the next one.