 All right, cyber traders welcome on back here this Thursday May 13th shortly after 2 30 p.m. Eastern time welcome on back here for our Afternoon meeting should be good to go across the trading room great to see Grant Ken Norman Michael Tim Kathleen all of our students live inside cyber group and for all of us in social media Facebook live and YouTube welcome on back So I got to talk about Bitcoin to begin I feel I have to just for several reasons, but I got to start with AMC first It's on the screen here, and you know, it's like history repeating itself all over again, you know from late January We saw the reddit stocks explode, you know, GameStop AMC You know you name express bad bet bet bet beyond you know all of them that we traded back then well We ended up seeing AMC fairly active in pre-market this morning. I didn't really see the news I don't think I saw any news and if I did I just forgot but ended up seeing this stock flatten out early in pre-market It didn't make our morning list rightfully so just because there wasn't much of a trend now Just because it didn't make the morning list Doesn't mean that we're not going to trade it I mean hey if this pops up on our radar pops up on our scanners or Benzinga Pro Why not call it out? It's a stock that we're very familiar with and a stock that a lot of us inside our trading room have done well on in the past Well myself this stock was naturally just on my side list for that reason so as soon as the market opened up I was watching this I was making a call out off 11 It was holding resistance in the pre-market off that level once it broke 11 It wasn't the first attempt it kind of looks like it was you see I mean in the grand scheme of things It doesn't really matter given how far this exploded after but you could see off the initial break from 11 with the amount of buying that We had coming in it wasn't perfect, but on the next little slip under and over that's what led to this You know enormous move that we caught you know going into today ended up flattening out going into like noon time 1130 Eastern and you know at that point. I thought it was gonna dump back down Honestly, I thought that was it. There was a bunch of false breaks off of the $12 resistance We ended up catching this early, but going into the mid to late morning. I took my eyes off it I thought that was pretty much going to be it. I thought it would just kind of dump off and flatten out Ray asking inside Cybertrop here really good question is AMC shortable for anyone So that is like almost the perfect segue to this if AMC was shortable for me here If I was if it was easy to borrow rather then I would have been a lot more interested in trying to short it Anticipating a potential reversal come that you know 11 o'clock 1130 time I mean, maybe if you're using a different broker, it's easy to borrow Maybe you can get the shares if you just request them, but nonetheless though I wasn't really following that as much, but I was actually watching this off the break later on I'm so disappointed in this so, you know, I told you folks I took Tuesday Tuesday off. I was sick and today honestly, I'm not really feeling that great like really weird stomach So I ended up leaving the office back to my home office around the afternoon I jumped into AMC here off this break off at 12 I thought this was the move that we would see it make its run You know, I avoided all these false breaks and right here. I jump in it came back down and I Got out scratch legitimately break even at 12. Oh, too. I said, all right You know what? I'm not really feeling that great. This didn't make the move. All right. I'll just go home. That's it So I ended up missing this whole run up because a once I got back home It was already over 1250 and at that point I thought I was chasing So I didn't expect this to you know go up to damn near 1450 broke over 14 came back down really sharp So going into the afternoon for as much as it ran I feel like this run is done But you know, just look at the daily chart you could see how far these stocks have moved across late January So, you know, we were certainly hopeful to see a second type of squeeze up at some point in time And you know, God bless days that day. We'll check in with a GameStop Express All these other reddit stocks we traded just over the last few months Unless they take a sip of water there. GameStop ended up making a nice pop This thing's so expensive and has such a big spread. I'm not interested in day trading this Express though on the flip side obviously much cheaper, but look at the order book, you know Penny's spread great liquidity on both sides of the field there across the bid in the ask of 4950,000 share order that you could actually see in red at 350 So, you know for right now AMC and express easily just gonna put on our main list to begin You know in hopes that they move up higher and if they don't you know at least You know if you can get the shares to short should should we see a lot of profit taking perhaps, you know Lower high lower low that could be the short opportunity. You know if it craps out the other way All right, so express an AMC two great stocks to start with now again Let me just jump right to Bitcoin right to Mara riot cannon So I know the foul so brought this up, you know in the morning meeting he gave his analysis on it So for anyone that was late to that or ended up missing completely out on the news that happened over the last 24 hours Our guy Elon ended up coming out with news that basically Tesla stopping payment for their cars via Bitcoin due to concerns about the environmental Safety, you know just based on crypto mining. I'm not the biggest most knowledgeable person in that field So I'm not gonna really provide too much on that as much But it's to say I feel like that generates a lot of you know, quote-unquote FUD what FUD means folks is fear Uncertainty and doubt so that leads to big profit taking that leads to a big drop-off and Bitcoin and with that in the after hours We saw you know two specific, you know stocks not just Bitcoin But Bitcoin mining related companies the two biggest that are publicly traded in the United States between riot and Mara We ended up seeing them crash overnight No ended up making a bit of a squeeze after the market open rounded up off 2050 and bounce back up here But damn I really did not expect this to make the type of drop that it ended up you know making thereafter I thought it you know, perhaps if it made the lower high Maybe squeeze in a range or eventually break lower going into three o'clock But to see this completely reverse and drop another like two and a half points lower here is pretty astonishing So that also is based on Bitcoin dropping off further There was another drop today on Bitcoin and with that let me just get to my Bitcoin chart I'll come back to riot and Mara, you know those stocks here in just a moment All right, so let's jump to a 15-minute chart first we'll go to an hourly and then from there my six hour those are really the three I work off of so You could see at least on a 15-minute scale. We ended up seeing practically overnight This is yesterday's big drop-off, you know ended up crashing, you know practically over 10,000 points So that's what lets the overnight drop on Mara riot cannon, you know all these pretty much But ended up making the squeeze back up after and more so here, right? This is what I'm more so alluding to going into one o'clock 12 30 Eastern time earlier today We saw Bitcoin continue to stumble off approach, you know, practically not to say at the lows here But getting closer to where it had bottomed out at just yesterday afternoon So I want to jump to the hourly here because this will kind of forecast what's ahead on Bitcoin altogether We ended up seeing this crash back down practically towards support that we had back maybe a month ago We ended up seeing this right around 47 48,000 back, you know, three to four weeks ago But with this though should we happen to see continuation on the way down? This is well below the 500 EMA and we talked about this just maybe what just probably back here The last time this ended up crashing it ended up crashing below the red 500 EMA line that I have here and with this last drop It's going one of two ways right either a very sharp squeeze back up Or it's gonna be a long time to where we see this stumble off lower and then eventually begin to make its course back up So I feel like at this point at this point I'm preparing myself to see Bitcoin drop down as low as like right around 42 41,000 I'm preparing myself for that if it doesn't do that. Thank God bless, right? So, you know, I'm very bullish long-term. I feel like by November time My prediction is that we could see Bitcoin easily over a hundred thousand still But, you know, we'll see what we'll see what comes but nonetheless I mean, there might be a bit more of a drop-off before that eventual squeeze I haven't added any new money into my Bitcoin since roughly well It was less dip here at a really good entry at 43,600 right here is squeezed up now Think about it this way though folks, you know If I was to have brought this up briefly in the morning meeting but on top it's to say Well, you know, there are concerns about the environmental Safety regarding Bitcoin mining then maybe you look into Cryptocurrencies that require low energy per transaction So you do a little research and there's a few out there that some websites list But if you're looking for more of a larger cap crypto that is more low energy I told you folks this for a little while I've been super bullish on Cardano since 12 13 cents My first entry on this was actually back from July 7 cents, but I've been accumulating since This has been the only thing that's been moving up over the last 24 hours This thing's breaking all-time highs ended up almost hitting two bucks So it's not to say that they're all dropping off But you know with the news that came out Elon Musk being a big player in the crypto game You got some people following him You know, you're gonna expect a bit of a drop and you know if the if the markets fall off entirely You know the Dow and the s&p obviously they'll factor in with you know overall bitcoin and likely the equities that follow it like mara and rioting cannon Cannon all the way down below nine at this point. Jeez. I haven't watched this at least from the market open today Again, I just came back to my home office just now. So, uh, you know, hey, this is the only one that seems to be shortable I think Oh, no, I like Mara shortable still too. Uh, you know, this one still seems pretty volatile I don't mind slipping mara on our main watch list. I guess they're all shortable right here is is as well Uh, but for right now at least I'll put cannon. I'll put mara both of them at least on the main list No problem at all right on the commentary and then dean says you're live inside our trading room Regarding crypto mining and I'm not going to get as much into this because I got a scan I gotta go from top to bottom here just coming up with dean I want to point out his comment dean wrote crypto mining is likely responsible For 10 to 20 mt. That's the unit of co2 per year Or between 0.03 and 0.06 percent That seems really low of global energy related co2 emissions according to the international energy Agency now i'm going to copy and paste that for all of us in social media because hey, that was a little bit lengthy But that was actually a pretty interesting comment from dean. So it seems like it's relatively, uh Low co2 emission in the grand scheme of things. I don't know. I'm not really too knowledgeable in the sector But one of our members live inside cyber group dean just wrote that there. That's pretty interesting at least to say All right, so at least for right now these seem to be relatively close to the lowest of the day At least cannon is you know if they end up breaking lower that could lead to potential continuation What we'll do though folks is go from top to bottom here. See what else we got just you know See what else we have Wow this moxc stock ended up making a new a new high just before Pardon me there ended up breaking out over 10 I'm assuming a lot of the volume filled off this spike was right off of 10 That was at 237 about four minutes ago. This might get halted off another pop here You could see 10 a lot of buying coming in off of 10. Maybe even 990 Yeah, not 990 10 and then 10 20 even 12,000 share print to 1,000, you know, so they add up But I would say 10 is your major level here on a shake on a drop back down to test support But for right now the way this is trending easily enough. I'll just put this on our main watch list here All right, so amc probably shouldn't have even clicked back to it because it might even lock up my screen it's treating like so much volume this stock is you know on our list rightfully so but You know just be careful if you have a lot of platforms running or a lot of programs running on your computer Even platforms or templates from your uh broker Then it could freeze up your screen if you're trading like too many high volume stocks at a time Express same thing this one trading much less volume across the day compared to amc so I wouldn't expect this to freeze you up as much but Definitely on our list Vt and r how about this this one's finally starting to wake up a bit, isn't it ended up dumping off completely going Into the market open. So I wasn't watching this right out the gate ended up tanking thereafter But hey going into like one o'clock eastern ended up making a nice spike back up Actually before I ended up leaving to get back to my home office. This was I think like one of my last callouts I was like saying squeezing back up a bit. It's right back up to that last peak off 165 So, you know what it's cheap good spreads. I wouldn't expect this to make some like crazy nasty shake to You know have us lose a lot of money. So it's low risk in that regard I don't mind putting this on our list either the vt and r now All right, let's see what else we got here. I got a refill up on water here too I don't know. I'm just feeling dehydrated just still out of it. So I'm gonna finish up this meeting relatively quick But we're gonna see what else we got Uh ll it this was also from pre-market. It was on the gainers list But ended up diving off right away and I guess for right now a lot of volume getting filled on this trade Oh, I don't know what's going on here my time in sales. I don't know if this reset So Just caught that right now There we go. All right, so yeah, this one's I guess getting a little squeak up But I'm not like too interested just yet. What are booked to blank Fossil trade up and down up and down across the day. They ended up reporting earnings So I had my eye on them at least early on today, but And not a whole lot really trade home about Ken's ary stack I'll give ken possession of this trade. He ended up killing it yesterday on the short Ended up squeezing it up today. Ended up squeezing back up here right now, you know remains tradeable remains very tradeable You know, I'll put this on the side for right now. Maybe this will be on our list at the end And again, if I don't put this on the main special list at the end of it all You know, if you're a ken out there and did really well on this trade between today and yesterday I would guarantee that you're gonna follow this stock, you know coming up So, you know, if you did well on it, maybe follow it, but otherwise we'll see what else we got first And as I take a look across the gainer side just kind of skimming through not really much that stands out as far as a familiar name IGT Ended up making a little push early on in the morning squeezed up going into the afternoon Near the highs good spread good liquidity And I'll keep this on the side list too. I'll come back to this and the ary at the end Doesn't look too bad All right, let's see what we have over on the loser side here next the zvo is shortable It's down 40 percent. It's like pretty cheap. It's almost like too close to the ground floor. I'd say but you know, it's at the lows I'll put it on the list almost in hopes more of a dead cat bounce than a continue move down because I'm not really a fan of shorting stocks that are like this cheap You know five and below is not a big deal, but the closer you get to the ground floor It's just like not worth it as much and if there is a squeeze back up It's like man that act is really risky So maybe see what happens off at two for a potential dead cat bounce on the zvo Why cbd same thing this one's like really flat ended up spiking up and back down I'd say this is more poised to break down lower at this point now after this spiked down Yep, right as I say that Right as I say that this thing is dropping there we go All right, um, let's see what else we got I don't need to put this on our list really not really like a necessity EDU this stock has taken a big hit over the last like month and a half few months really Still shortable ended up taking a dive today Steady move down really ended up squeezing up just about 40 50 cents Good spread still seems really tradable. I mean kind of in the same line as ary But I'll put this on our main list here This one seems to be moving pretty well shortable on the way down So I think that's just about it. I don't have my spy chart up here Let me just put that up for the for the for the meantime All right, so s and p etf spy is pushing back up towards the high I guess that explains, you know a couple of the moves that we've been seeing on the gainers in there Uh, let me know if there's anything else up down more than like five percent that you would want me to look at From rjf on youtube uh eyes. Do you think you could bounce? Looking bleak I gotta say uh One of our traders ended up catching this on about 20 or 25 cents earlier today off of six Uh, he showed me the trademan coaching session earlier today ended up taking a nice profit But this is what happens where you can't keep expecting a support level to hold or where you can't expect a level to hold in general Uh, this ended up slicing right back below six and that was a wrap after so You know, maybe at some point tomorrow, maybe next week if i'm wrong maybe today But it doesn't look like it right now though. I wouldn't really put a main focus on this stock for the next hour from our guy mitch on youtube mitch connor is asking uh Why cbd going anywhere off at 250? We're just looking at this about what like a couple minutes ago there mitch Uh, I ended up making the spike down could be a good short But again a little close to the ground floor. So not really like a necessity to put this on our main list I mean ken from the trading room just chatted pltr a bit earlier. That was about like five or six minutes ago uh Gray sideless stock. I mean again same line of thinking as the edu same line of thinking as the arry trade, I'd say uh You know what I don't mind it pltr. I'll slip on the main list for right now We're not really at a cap just yet At two four six eight nine stocks on the main list so far and then maybe we'll jump back to the ary and igt like I said I like the igt more because it's closer to the highs So I'll add this to the list ken. Don't be upset by that. I know that you're likely going to trade the ary trade probably going into the close Uh, but otherwise though folks Hey, I like the list that we have if there's anything else again Just let me know i'm going to take one last look on benzinga pro before we wrap up It's my jeopardy music. Um I don't see much on the uh upside here at least that we ended up missing I think we got them all All right, I think that's just about it folks. So for all of us in social media keep in mind We've been making this announcement for a long time now feels but I was out sick on Tuesday So we are supposed to do our big special workshop traders talk a simulcast live inside our trading room That will be coming up next Tuesday on may 18th. I look forward to it I assume that I will not be sick coming up next Tuesday. So we should be uh, good to go All right So aside from that make sure that you like subscribe notify right on our youtube channel that being youtube.com slash cyber trading You and for all of us live inside the cyber group room right now I'll be back on the mic going into 330 taking you into the close talk to you then