 What is up ladies and gentlemen Today is Monday, March 20th, 2023 And today we're going to be covering a lot of different stuff during this live stream Give we're gonna start up in a few moments here. I am tweeting out everything Make sure to get everybody in here Let me know what does how it sounds The mic level in All that We'll start here in the next two minutes. All right. All right guys. Let's go ahead and get started here Let me turn down the volume on this All right, so today we're gonna be covering a few different things first of all want to welcome everybody to the live stream Thank you guys Truly for being here appreciate every single one of you It has been a crazy couple weeks. Really. I know I haven't gone live in a in a few weeks I've done. I've been doing some traveling. So I was kind of out of town And a bunch of other stuff. Actually, let me put my face cam on forgot my bad Here we go So yeah, so I was traveling and I was doing a bunch of other stuff Been kind of you know getting things together But still been you know trying to create shorts and and small content here and there as well trying to stay consistent with that So today today, we're gonna be talking about just kind of an overview of what we're gonna be covering We're gonna be talking a little bit about bitcoins price as you guys know Last week if well if you don't know last week We had a 26 and a half percent move up in bitcoins price here The biggest move in four years guys since 2019. This is the biggest weekly candle that we've had here Also, we're going to be going over the economic calendar for the week as you guys know last week We had the CPI data which played a part in why we got the volatility last week and we got a big move up I'm gonna talk about that. We're gonna talk about what we have this week this week on Wednesday We have another big event. We're gonna we're going to be having the Interest rate decisions this week. So We're gonna we're gonna go more into details on that today We're gonna go over some news stories that we're keeping up with that could have some impacts on the market Then we'll do a market analysis and then end it with a live Q&A So if you guys have any questions about anything that I'm covering throughout this live stream Just drop it in the comments and then when we get to the Q&A section I'll go back and look for those questions so that I can answer those questions for you guys if of course I have the answers for you so Now that we've covered all that Let's go ahead and talk about the price, right? Let's let's look at the price as you guys already know 26 and a half percent. That's pretty insane. Let me switch over 26 and a half percent here in the last week if we look at the Daily here the daily looks pretty crazy over the last Starting the 11th of March. So the last nine days basically has been pretty wild if we kind of Look at where how far we've gone To where we are now. That's a 37 percent move in nine days guys So that's that's a pretty big deal If we go and look at let's refresh this here if we look at the rest of the market right now We can see over the last seven days Bitcoins up over 15 percent. Ethereum is lagging a bit and that's a theme that you're going to see Remember the Bitcoin is the king of cryptocurrency Ethereum is a king of the out coins So when you see Ethereum lagging behind Bitcoin like this, then you're you will likely also see The other out coins probably also kind of lagging a bit behind so if we look over the last seven days You'll see B&B is up nine percent XRP is only up one and a half percent. You're gonna see Cardano and Polygon. They're actually down over the last seven days Doge is pretty much flat Solana had a nice run up. I think in the last like 24 hours or so up 13 percent So it's gonna it's a little bit mixed right and the reason why if we look back at the Bitcoin cycle And the Bitcoin dominance cycle, let me see if I have a graphic I know I've had I've showed this graphic before let me see if I can find it real quick Bitcoin Dominance chart think or cycle. Let me see Let's see maybe this one here I can show you guys Let me see what this one looks like Because it there's there's a method to the madness, right? All right, let's let's use this one. Whoops. Let's use this one here. It's safe Let's go ahead and pop this open Um Here we go All right, I put this here so you guys can see it so This is the Bitcoin cycle, right and the way that it usually goes It starts with Bitcoin's dominance going up Which means that Bitcoin's price goes up and then the out coins usually go down, right? Now if bitcoins dominance goes up bitcoins price goes down then out coins dump basically If bitcoins dominance goes up Bitcoin just kind of consolidate Outcoins also Accumulate and they consolidate as well now if bitcoins dominance goes down and Bitcoins go up and bitcoins price goes up Outcoins go up a lot more if Dominance goes down price goes down for Bitcoin out coins usually Consolidate and if Bitcoin dominance goes down bitcoins price accumulates and out coins go up so This a lot of it has to do with the Bitcoin dominance, right if Bitcoin dominance is going up That means money from out coins are going into Bitcoin, right? So since Bitcoin is the one going up Bitcoin dominance is going up Then out coin prices are probably either going to be down or they're just kind of gonna, you know consolidate a bit, right? and When we'll see out season is later on in the bull market when Bitcoin dominance starts to go down That's when We'll see that means that money is flowing out of Bitcoin into the rest of the cryptocurrency market So if dominance is going down, but the rest of the market Including Bitcoin is going up. Then, you know, that's when that's called out season, right? So that means a lot of money is still coming into the market But it's flowing into other coins other than just Bitcoin so Those are those are some things that and I have a video on this on YouTube as well you guys can can look it up I think it's called the Bitcoin dominance or something like that. Uh, we pull it up here go to YouTube real quick Bitcoin Dot daily. No, I didn't mean I don't even know my own channel, right? Bitcoin daily TV All right, so we go to video here And you go to the search the bitcoin dominance So I have this video right here that I did a year ago bitcoin dominance explained and I go a lot more into detail on this I'll probably do maybe another overview on this video on this type of video But definitely check that out. So Back to uh, where we were I might have got a little off topic there Um, but yeah, so I just wanted to give you guys an idea on why bitcoin's price was going up Why it's been up so much in the last seven days and outcoins have been kind of sluggish, right? They haven't really been moving much and that's it all has to do with the with the cycle of bitcoin's dominance Um, and if you you can actually pull up a chart on bitcoin's dominance Um, let me see where where did Where did my things go? Here we go So if we look at bitcoin dominance look at the sense the 11th of march Which if you look at bitcoin's price, that's exactly when the price started moving up Um, and this is a dominance graph. It's been going up every single day So that means that the majority of the money flowing into crypto right now is flowing into bitcoin So that's why bitcoin's going up while other things are pretty much kind of flat or going down or you know, whatever the case may be All right, so now that we covered that let's um, let's take a look at Well, real quick. Let me run through the rest of the outcoin see if there's any Anything that really stood out here. Um, so stacks is up 42 percent over the last week Um, I'm not exactly sure why I'm not invested in this project, but I did read some stuff on it You need a boat x imx Up 55 percent on the week. So that's definitely interesting as well. EOS. This is a og in crypto up 10 percent over the last week Um, conflux up 68 percent over the last week Um, so you'll you'll still see some look at neo neo another og. Um up 14 percent Um gmx up 17 percent Singularity net this is an ai project here that I actually covered Uh in one of my videos up 24 percent over the last week. So I've spoken about this I spoke about g or t the graph and a few other coins Recently over the last few weeks Um, look at mask network 77 percent So you'll see some some of these Ridiculous pumps on some of these projects depending on what events might be going on for them You know during during that week or whatever so, um Let's go ahead and take a look here next at the economic calendar for the week Um, we already know on wednesday is the next major thing that we're looking for Um, it's the fed interest rate decision um It's expected to be a 25 Uh, bps basis points a hike on wednesday So, um, which is actually better than what was expected probably a week before that So probably before last week it was expected the fed and if you listen to anybody in, um Anybody of the fed including jerome pow and some of the other people when they were speaking they were very very hawkish Um, and they were basically talking about increasing interest rate hikes at a stronger faster pace and for a longer duration Um, so they were saying that they're that's going to be interest rate hikes basically talking about going up to 50 bps hikes um per per a session per decision And extending it for the for basically the rest of 2023 the rest of this year Because before that they were saying that by the end of the year they should at least pause or maybe even start cutting after what's happened in the last two weeks with the banks failing Um, the buyouts all that stuff going out the bell outs, right? Um, now it's there's whispers of Well, first of all now they're saying the consensus is at 25 percent. Um at 25 bps not 25 percent um Also, there's whispers of a possible pause on these interest rate hikes um, a lot of people kind of talking about a lot of news uh outlets and even major people in Politics and just major people in the banking and financial system that are billionaires talking about that um in order for banks to succeed um, and to get through this phase right now that You know, uh, there might have to be some sort of pause um, and um So that's kind of what we're looking at right now What people are kind of have their eyes on what everybody's you know Waiting for basically on wednesday when we have that press conference at 2 30 p.m. So um, it's it's expected on wednesday to get that uh, 25 bps And then everybody's going to be waiting Jerome Powell who's going to be speaking um on where they're at because A couple things happened last week. So I want and I want to bring this chart up as well. Um, but Jerome well not Jerome, but the fed Last week added over 300 billion dollars in um In in uh and basically to their balance right, so um, if you didn't know while quantitative, uh tightening is basically when they're um, you know, taking uh funds out of taking assets out of their balance and basically in A week they added back half of everything that they've done in the past year that they've taken out So i'm trying to find as as i'm speaking i'm trying to find at the same time the chart here I'm not sure what what I did with the chart. I put it that I did in my downloads Yeah, I think it's in my downloads. Okay, here it is um, so here's the chart um And basically this shows that since last year april uh This is a the total assets held by federal reserve banks, right? And you can see that it was going down down down down down and then basically in one week Which was last week You guys can't even see that can you there we go? Sorry about that So, um, you can see the since april here It was going down and then last week in one week they added basically half of what they've taken off um As as far as total assets held they added back on last week Um, basically 300 billion dollars, right now the last time that we saw anything Of this magnitude being added like that was Let me pull this up Was basically back in 2020 so in 2020 was the last time that we saw anything like this Where that much was added and before that Um, it was back in 2008 during those um during the crisis, right? The financial crisis and all that so, um Basically We're talking about uh Potentially being getting back into quantitative easy right now What they're what what was added was not what's usually added But it's a form of Quantitative easing right because they're still introducing money into the market um, and if we look here, this is actually, um, Arthur Hayes so Arthur Hayes if you don't know who he is He's the one who was a founder CEO of bitmex, which was basically the most popular derivatives trading platform for a few years and he actually had to Basically leave as CEO so he wouldn't go to jail Um, so it's a step down, right? So he wrote an article Uh, basically saying that bank bailouts is um Very very bullish for bitcoin and that he believes that the feds plan to save the banking system is just repackaged Quantitative easing which will trigger another bull market for financial assets um So you guys can see here. It's a bitmex co-founder and etc. Etc um, so although quantitative easing um The definition for it is different than what we're currently seeing right now Basically saying that this is a repackaged form of quantitative easing um That the fed is pretty much taking right now because they have to they can't let the banking system fell, right? And and this has a lot to do with why bitcoin has been going up So bitcoin's bitcoin is not just a hedge against inflation It's remember bitcoin was created Because of the failure of financial systems and the banking systems So bitcoin is really a hedge against banks more than a hedge against inflation so um That's that's one of the big big things. Um, that's been apparent in the last You know nine days when we've had this run up of over 30 percent for bitcoin While banks have been struggling failing needing to be bailed out Closing being bought out etc etc filing for bankruptcy Bitcoin has been completely fine. There's been no issues with bitcoin and bitcoin's value have has actually been going up So a lot of things going on right now obviously, uh The cpi inflation data had to do with it as well If we look over here, we can see that it fell to six percent So, um, I wonder if I can go back on dates here. Let me see. Can I go previous week? So we go to previous week here And go to inflation. We can see that over the last One two three. Well, let's start here one two three four five six seven eight eight months in a row with inflation, uh dropping Um, and we just went down from six point four percent to six percent last month Um, so that was bullish overall news um for the markets uh and bullish for um, you know The interest rate decision that we have coming up And then we got all the the things going on with the banks, which is also bullish overall for bitcoin so, um those two things those two events there played a big part in all of this, um As far as why bitcoin's been going up over the last nine days over 30 percent so, uh That's basically the what we're looking at right now as far as the economic calendar. Um We're now the next big thing of course is, uh Let me see go back here to this week So the next big thing that we're looking at here is of course on wednesday So, um, all eyes are on that. This is going to basically decide how the rest of this week is going to go once we run into that I think leading up to it. We might see possibly, uh, uh continued run up Or maybe some sideways action. I don't I don't know unless there's any whispers of Or anything happens that we're not, um, prepared for or, uh, that we're not that the market's not expecting I don't see why, um, as far as that, you know, the bitcoin's price would drop down But we are at a resistance and we'll talk about this in a few moments here once we, uh, do a market analysis But, um, before we jump into the market analysis is I want to go over some some of the news Some of the other news going on right now in the crypto market Um, so as you guys already know, there's been multiple banks that have been, uh, failing here in, uh, silicon valley Officially filed for chapter 11 bankruptcy over the last week Um, and then the thing with this is that there is also 186 banks that were found to have a similar risk as silicon valley bank So this is why we're talking about um, the quantitative easing Right because if there's 186 banks including uh What what is the the bank called? Uh, do I have it up here? Including credit susie. I don't know if it's called credit susie, but i'm calling it credit susie um, that just they just had to sell For two they just sold the bank for two billion dollars And we're talking about one of the biggest banks that You know in the world probably um, they they've run into so many issues that they had to sell the bank And There's 186 more banks that have similar issues. That's why we're talking about this quantitative easing being repackaged um Like um, like arthur said here um Because the fed has to save the banking system. They have to they can't let the bank fail if the bank fails And the u.s. Dollar fails then the economy fails, right? They have to save the banking system So what are they going to do? They're going to print a bunch of money and put the money into the banks um So, um, they have to stabilize the banks, right? They got a state. It has to be stabilized So that's why we're talking about this and as long as the fed has to do this That is bullish for bitcoin because bitcoin is a hedge on banks um, and it's it's going to be bullish for any risk on assets um in other news, um And as you can see well, not in other news, but just kind of to continue this last week u.s. Banks borrowed 165 billion dollars from the fed 165 billion guys um, that's that's part of what increased the fed balanced by 300 billion last week And we can see black rock ceo black rock basically the biggest, uh, you know investment fund in the world um There the ceo saying that more bank sieges could occur going forward And inflation is going to persist Because he knows that um the banks are struggling Because the interest rate hikes Right and because of that it's too aggressive The the fed is going to have to slow down on it if it slows down that means inflation will probably persist um We can see here now that the u.s. Fed swaps now show 100 bps rate cut by december This was not seen um in in uh two weeks ago This was definitely not the case two weeks ago It was the fed the fed swaps were showing that there was going to continue being Uh interest rate hikes through through december and into 2024 Now it's showing that there's 100 bps rate cut by december that means that Um, there'll be a pause in interest rate hikes and then that they're going to start cutting Wait before december they're not going to cut 100 bps rate in one month, right? So that means before that they'll start cutting um interest rates um, of course, that's bullish for any risk on assets, um bullish for crypto bullish for bitcoin So, uh, that's this this all is all tied together really right as you guys know ubs acquired credit susie bank for two billion dollars And uh another thing here, uh florida governor ron de santis calls for a ban on cbdc's Now he's known for for being saying some uh outlandish things and i say outlandish because Um against the government, you know, so when someone in the government is speaking against basically the government Um, you know, i'm here for it, you know, this these are things that i that i'm already for right, um But uh, but yeah, he basically he was saying that Uh, he wants to forbid it because let me see where it is Uh, here it is It will give officials a direct view of all consumer activities So basically another another way for a big brother to track exactly what you're doing when you're doing it how you're doing it, right? um, so uh, that that's basically what he was talking about there Uh, we spoke about this already arthur haze on by the effing pivot um It's a good article. I recommend you guys to read that and uh, You know just kind of tie it in goman sacks today acknowledged that bitcoin Has been the best performer in 2023. Of course, right? Of course it is um goman, I think let me see Uh year to day information technology look at bitcoin. Bitcoin's up 51 percent if I click it. Oh here we go Now we can actually see it bitcoin's up 51 percent Information technology up 16 percent comm services 15 NASDAQ 115 percent. So everything else is is way behind right 51 percent that's insane compared to everything else so, um And if we go over here, uh, this was uh, something dropped a couple days ago. Mazzari, uh, is a basically a On-chain data analytical company um, and the founder of this company is saying that bitcoin could reach a hundred thousand dollars within the next 12 months and basically he tweeted that um, his rough prediction for the next 12 months is that There's more bank failures in the next couple of weeks Which is going to cause fed cuts eventually and it's going to mean that quantitative easing is back I didn't mean to click that Let me just go right back to here So that means that bitcoin will begin to climb and it's going to uh, we're going to have sustained moderate inflation Um outside money and sound money Is going to come into bitcoin, you know, because if inflation is going to be going up People don't want to be in cash. So they'll go into something. Um Probably risk on assets like bitcoin and that would take bitcoin to a hundred thousand dollars Um, and then the last thing is institutions buy faster than feds can shut down So as you guys know, basically the fed has been after and just the government has been after Um crypto if it's felt like it right over the last couple weeks Trying to depag coins or whatever it is trying to ban and sue, uh stable coins Trying to shut down staking trying to shut down all sorts of things um But bitcoin is as you guys know is resilient As and has continued to go up So, uh, let's jump into, um, a Market analysis here on what i'm thinking what i'm looking at here over the next few days Um, as you guys know, once I do this, uh, if you guys have any questions about anything that we've I've been going over Anything that we've I've been covering drop it in the comments. I'm gonna do a q&a after this I'm gonna kind of do a little uh go over the prices right now on bitcoin all that Then we'll jump into a q&a. Uh, so I have any questions drop it in the comments right now And I'll be uh looking over those So, um, let's jump into it Um, let's start with Let's start with the last week, right? So let's start the monthly Let's look at the monthly real quick And don't mind this Thing here. This was for a video that I just shot. I'll be really seeing it later today um, it's a short video Uh on how bitcoin could potentially hit a hundred thousand dollars and we'll talk about it here Um, so this is the monthly The monthly uh candles right right now As you know, uh, January we had a big month of basically a 40 percent move up Last month was pretty much flat. We literally ended up zero And this month we've continued what we started back in, uh, january Um, so for the month right now, we're up 20 percent with a low of 19,500 and a high of 28,577 which we hit Um over the last week So if we drop down into, uh, well before we drop down Let's look at, uh, some of these resistance zones here. So as you guys can see We're currently at a Big resistance area here and this is a Fibonacci level Right that if we look back in history, you can see that it played as a resistance for This candle right here and a, um, support For this candle right here You can also see it played as a support for these three monthly candles here Um, again, it played as a support right here for this candle Before we broke down and you can see that once we broke down look how big this candle was when we broke below this level So that was a massive candle, uh, 37 percent candle in, uh, june of last year Um, and now we're back right we're back at the same level. So now you understand why it's such an important level Because it's played a role so many different times right one two three four five six Seven and then this is basically the eighth time that we're at this exact same point Whether it's been a resistance or support. So right now it's a resistance Um, are we gonna break it on the first try? We don't know right? Um, But there is potential. So it this is in line. It's basically around 29 000 dollars close enough to 30 So it's going to be in line with that 30 000 dollar big hole number, right? So, um Right here at this level, we're gonna have that Fibonacci resistance We're going to have 30 000 dollars, which is that big hole number And we have that level that for the for the last, uh, over the last few years. It's played a big role So, um, so a lot of different levels there if we open up, um Let's put on the volume shelves here and we kind of take a look at those We can see that this is at that same level is where volume activity picks up here, right? You can see that This level right here. Look, there is nothing there and we spoke about this, right? We've spoken about this before where When we got here, I said, all right, once we break above this one We're basically shooting up to this one because there's nothing here Right and guess what that's exactly what's happened here over the past month We once we broke above this level right here We have shot up and where what is this cover? This covers All this space right here, right? So this goes all the way up basically to 30 000 dollars So that's that's all in line with the same it's all telling the same story that that next big, uh area of resistance is 30 000 dollars So between 28 to 30, I think it's going to be a big that big level And guess what right now, of course, we're at 28, right? We're just below it right now But we're basically sitting at 28. So if we drop down to the weekly Let's take off those On the weekly here, we can see a better breakdown of you know, what's been going on. We can see that um we had uh Basically a push down here to 19 500 we closed that CME gap and then um, we had the big big move last week And you can see that this is actually a a a hammer or a pin Which is a bullish, uh candle in price action and then that led right to this big green candle here so, um As far as what I think we're going to see here It is going to depend on it and I think it's going to be dependent on the events And what happens on wednesday, right? So that's going to play as a catalyst. It's going to play as either a catalyst Hold on my dog is Too close to the power cables here and I want to make sure he doesn't uh unplug anything um, so There's going to be a catalyst on wednesday, right? And that's going to decide what I believe what happens here So we're either going to depending what happens on wednesday. We're either going to break above this resistance area And it's gonna it's gonna provide that catalyst that risk on that inflow That bullish momentum to be able to break above all the levels that we just spoke about here Or it's going to be the catalyst To potentially, uh, give us a retracement Probably back down. I would say to this range right here would be the first Uh area of support. So that would be 25,000 Um, and then the next areas of support would be you know, this whole basically this whole range here, right? So that's between 25 to 22,000 With a possible with a possibility to wick back down to 20,000 dollars, right? That's always a possibility there And that's that's basically what we're waiting on we're on wednesday depending on what the rate decision is and what uh The outlook is going forward. It's probably how you know, what's going to it's what's going to decide how this um analysis works out So if I was looking to play this here and which I will be looking to play it uh leading up to wednesday And um the rest of the week depending what happens. I'm trying to play You know depending on what that catalyst brings So for sure i'm going to have um some breakout trades probably above 30 000 dollars Right if we I think if we break above 30 000 We might see a continuation up to like 32 um, and there's an upside possibility of Moving up to this next resistance area here. We zoom out a bit You can see that it's this is a big point of interest multiple times over here in its history Um, so you can play it with either uh as a scalp with a quick scalp Um, you know grab some profits on the way up and there could be a retracement back to 30 Maybe back to 28 So take profits on the way up or you could take it as a swing and then your targets your your targets being like 32 000 and Potentially even 38 000 dollars. So it will be looking you'll be looking probably at 32 34 and 36 and then 38 will be that last target there Um, so that's one way that you could possibly play that The other way you could play it uh at 28 000 you can start Opening up some trades Uh potentially leading up to it uh leading up to wednesday now at 28 000 the issue is that since we're consolidating there right now There's going to be a lot of up and down activity there So depending on your stop loss, you're probably going to get stopped out unless you have a very wide stop If your stop is very wide though and the catalyst ends up going being down to the downside Then you're going to have a bigger loss than you probably want to um, so that's why 28 000 Initially I wanted to play it and I did I've been stopped out twice from that uh trade So now i'm kind of i'm probably going to sit out that 28 000 number Look for maybe something at 27 000 and we get a move down uh a retest there Um, but at 28 000 is probably a level that I don't really want to play right now um What else um That's pretty much it for long entries that i'm looking for Um now for short entries probably I'd be looking for something below 27 000 dollars or even at 28 000 So if you're not if you're not afraid of loading beginning to load up a little bit at 28 Maybe a little bit more at 28 250 maybe a little bit more at 28 500 Right, I would have I would set it up with multiple short entries And then a stop loss probably like above um like 29 000 dollars Or something like that or you can even make those entries uh A little bit wider so maybe one at 28 maybe one at 28 5 Maybe one at 29 maybe one close to 30 Um, because remember 30 is a big resistance as well And then at 30 above 30 you will flip it into a long so that's another thing you could do Um, so there's many different ways that you can that you can play this as for the short um And you can also hedge against your long-term positions here So again thinking that all right, we're at a big resistance here um Since majority of my portfolio is long bitcoin right I'm going to hedge against those positions by opening up short positions at a resistance And if we get above 30 000 i'ma just i'ma just close those out um That's a way that you can also hedge your position to if we get if we do get that retracement maybe back to 25 000 You can make some profits on the way there and add some more bitcoin to your portfolio So that's a couple different ways couple different ideas that you can potentially play uh this week Um, depending on what that catalyst does Uh, you know, and if you and if you guys want more info on exactly how i'm playing it What i'm doing and all that you guys can join my mentorship program Um, and the link is going to be in the description there so I need some water and I didn't bring water um I think I just did a whole lot of talking uh Kind of just went through my thoughts of what i'm currently seeing right now in the market And what we could potentially see Based on price action based on what's going on in the overall economy of macroeconomic events uh based on inflation based on um You know what we might see on wednesday this week And based on the technical analysis of the chart right now what we're what we're seeing where we're at and all that Um, the last thing I want to do now now that I've covered all that Is uh, I want to do a Q&A So if you guys have any questions about anything that I've spoken about anything going on in the market You could drop it right now in the comments and I'll if I have an answer for it I'll go ahead and drop an answer there for you guys um Let me see uh River is great to see you in here man. Appreciate you being in here I know last week you I think it was last week that you asked me uh When I was going to do a live again. So uh, here we go I'm finally put it together and I should be more consistent going forward for the rest of the year um With this with short videos. I'm dropping those. I'm trying to drop those monday through friday um, and uh, and at least one long form video throughout the week as well Mr. Q says damn you're crazy We are pretty crazy, you know, but you got to be a little bit crazy, right? um Crazy crazy people are the ones that move the world forward and push the envelopes, right? Um, so I don't see any questions I'll give you guys another minute or so While I um Just kind of look over here over um Ethereum we can see ethereum is pretty much At the same point here We dropped to the weekly You can see we're at a big resistance there at this 1850 area basically um, Solana's had a run up over the last couple days You see it's down a lot We have avax xrp Cardinals down today as well So a lot of a lot of good stuff and and what I've been doing over the over the week basically is um Is how uh is adding to my long term positions um, basically Whenever we've had a red day so anytime we've had a big red day I've been adding to my long-term position. So that's a that's a I dollar cost So I add once a week I dollar cost average into my positions And that's basically whenever I try to add on a red day. So whenever the market's down That's when I try to take advantage and add a little bit of money there Uh, gourd said, uh, how is ice poker going or step in and are They still interesting to start so gourd. I actually I haven't done ice poker In a few months. Um, I still do have all my uh stuff from ice poker But since the everything's been sold down, um, it hasn't been worth my time Um, I know I have been keeping up a little bit I know I think they have an app now where you can play uh on mobile Or I think they have at least a way for you to play on mobile Um, I I think I know they've been doing a lot of different stuff. So they've continued to build Um, which is very bullish for me going into the next bull run the next bull cycle So it's going to be interesting to see how ice poker, uh, develops, uh, you know, as it continues forward into the next bull cycle Um As far as stepping I've used stepping, you know, Spartans apparently, um from time to time Uh It's I I like I said, I had a fallout with stepping back like in last year of I think it was like June or July or something like that Uh, I covered it all in the channel and that's why I haven't created any more content around it Uh, because I I saw the direction that steppin was going in and I didn't like it Um, so I basically I behind the scenes. I first, you know, raised my concerns to the team As I was an ambassador for stepping at the time uh, raised my concerns my concerns are basically completely ignored and you know, um, so then I raised the concerns publicly and uh, you know, basically they were they were extremely rude the team itself was extremely rude um unprofessional and basically, uh You know, what were they were trying to tell me either either tell send a message that we want you to send um, or you know, or you or you leave steppin and I decided to leave steppin at that point So, um, am I still using it? I using it sparingly every now and then Um, what I invest in it right now um, probably not Uh, I have I still I still do have sneakers and stuff like that. Um, I I don't know if I put money into it right now Um, it's it's a risk, right? So so the risk is right now. It is really cheap I think it's under a hundred dollars to get a sneaker. So if you're looking to start something cheap Uh, potentially and and you're not too worried about The profit like, you know about the money Uh, standpoint on it. I think it it does you can make money with it, right? It's it the thing is Um, the price has continued to go down over the last year Um, so if your focus is on making profits I wouldn't put money in it if your focus is more on a health standpoint where you're interested in your health And you need some motivation to get going get get yourself moving every single day Then it's a good investment for you health wise Um, and eventually you might see profit, you know what I mean? So that's kind of what where I'm at with it Um, if I was starting brand new It would be an investment for it has to be an investment for your health Not an investment for profit. So, um, that's kind of what I would say as far as that Um Rivers says, uh, what's your long-term outlook for bitcoin this year? So, um, this is so In january my outlook for bitcoin was around 30,000 at 30 to 38 thousand dollars. I think was my outlook um, and we've gotten here so fast And so many things have happened in the last two months That it might be I might have to raise it guys. I might have to raise my outlook higher than that 38 thousand dollars. So 38,000 30,000 is this Fibonacci level that we're at right now 38 is basically the next Fibonacci level and I might I'm considering raising it at this point to the next Fibonacci Level which is up here. This would be 50 thousand dollars So, um, the way things are going right now It I I think it's it could be a realistic shot At bitcoin by the end of the year Being up to 50 thousand dollars and possibly beyond Especially if we get rate hikes, uh, I'm sorry rate cuts Before the end of the year going into the end of the year Then of course in 2024 we have the bitcoin halving event Which is going to send bitcoins price up even higher Um, and and I think in 2024 we have a new all-time high um, but you know in the beginning in january my, uh, my outlook for bitcoin was Basically this right here Uh, 30,000 and 30 to 30 to 38,000 dollars was my outlook for bitcoin With what's been happening over the last few weeks Um, I might have to raise it to 50,000 dollars. I am very bullish on bitcoin. Um, this year Um, river says are you a holder of uh, kopey looks like a winner to me So I don't have any in my portfolio right now Um, I do gotta I do want to look at it and then I want to figure out Um, a good area to add to if I decide to add it on Um, I do want to want to figure out a good price point to add into like where I add Um, so I I do I got to do more research the reason I haven't added any money into it Is because I haven't done enough research on the project um So I do I'm I am going to do more research on it. Um, once I get some time and I might add it to my portfolio for sure Um Gord yeah for sure. Uh, so gord says so it's not it's not a waste to buy cheap wearables for ice poker It still has a future you think yeah, I definitely think it has a future. Um, I think poker overall Will forever be a game, right? Um, if they can figure out Uh How to how to maintain, um, you know the the rewards, right and keep it make it sustainable And make it worth for people to actually be able to use it and all that and and earn and Um, I think in the next bull cycle, it's definitely going to have uh, its place Um, and potentially go back up the wearables prices their values go back up to where they were, uh before Um, I think at one point they were like at two ethereum per wearable. I think I have Um, I've bought I've bought wearables on the way down I I think I probably have over 10 wearables at this point and I'm just kind of holding on to it Um, we'll see what happens if you know if it doesn't work out then it doesn't work out. It is what it is Um, but I like to make bets on on certain things and that's one of my bets right now for the next bull run I'm just holding on to that and uh, we'll see what where it goes Duck did ducky. Dave says can you don't donate me a pair of epic sneakers if you don't want them anymore? Uh, I don't even know what their value that right now But um, I actually I wasn't even using epic sneakers. I was using my um, my own commons When I was when I was running, um, because I stopped playing before Um, I even got to epic sneakers So, um, so yeah, I I don't even have that big sneakers ducky Um, gord says any other nice play to earn projects you found I started with Not all seemed like the future running node on your phone, but goals really slow Yeah, so, um, one thing I've learned over the last year as I got into a lot of those play to earns is that, um, the play to earn Uh, it really hasn't been figured out. Um, the system the way it's set up right now the reward system doesn't work because It only works it works if if it's a small community then it's sustainable because you can Um, sustain a small community because you only need a small amount of new users to be able to continue sustaining a small community What ends up happening as that community starts to grow it becomes harder to sustain And eventually it grows too big where there's no way that you can bring in enough new users To continue sustaining a big community, which is what we've seen in places like axie infinity We've seen it in ice poker. We've seen it in step in we've seen it in a lot of different play to earn projects Where it just becomes Impossible because the community is so big it's impossible to bring in enough users to sustain the prices Because you have to be giving out so many rewards um, the inflation Uh, just inflates, uh, that that the You know the amount of that coin and and what's out, right? So then the valley drops So until something's figured out It's gonna be tough. It's gonna be tough. I'm not For for right now. I'm not investing into any new play to earn games Um, they're the one that had that that has us has had some interest for me was dfit another, uh, workout type of, uh project But I'm not invested in it. Um, another another one that I had put on my on my, um, youtube channel months ago was, um Geno pets again very interesting project um But I again, I'm not in that I'm not personally invested in the project It was just I thought it was a cool idea. So I wanted to cover it a little bit I did a interview with um with one of the one of the founders So, um, yeah, I mean, there's a lot of interest interesting things going on But for now, I'm not putting any money into them because The play to earn area is just is still not figured out. Um And until I see something like that where, you know, it I I'm not gonna invest any money into it for now Um, but yeah, I think uh, I think that's all the questions And I think we've pretty much covered everything that I wanted to cover today. We're at that hour mark here So, um, basically we we've uh, spoken about the, you know, price update where the pricing is for bitcoin Um, what's on the economic calendar for the week? We have the of course they fed rate interest rates decision Uh, then we've covered the news. Uh, we did a market analysis in a q&a Um, that's pretty much it for today guys. I don't see anything else that we've left out here um Yeah That's pretty much it Uh, I want to thank you guys so much for uh, tuning in make sure to be checking out, uh, You know the I've been posting up short videos. So if you go to short over here I've been posting up a lot of stuff daily basically What it is is on mondays and