 Welcome to the last set news to get top stories and crypto and bring on a bite-sized pieces today Just as a thumbnail suggests There's a lot of good information coming about and there's some couple of reasons of why November is going to be a very Bullish month. We had a great October. I think we're having a better November So first thing we're gonna take a look at is market data we're gonna take a look at three reasons for this bullish momentum and what's going on and also we're gonna take a little story about Google and backed Dabbling into the Google Play Store and how they're part morning a partnership as far as with Google and then lastly We're gonna take a look at a token that is integrated with Amazon eBay and Walmart crazy, right anyhow So we'll take a look at all those things the first take a look what's going on into the market So today is beautiful day Saturday getting things done a little bit late because I've been lounging around the beach this morning So hey, we're gonna do not a bad life, but here's what we have as far as the market So we've got two point three one trillion and even though we're down a little bit I think people mostly know what's going on and what's going on is that hey And we've got a heck of a run-up and we're going to actually see a little bit of a pullback And that's usually how things go Bitcoin price is fifty four four deadly sentiment is pretty neutral But I expect it to go a little bit more bearish over the weekend and then we take a look at Just the sentiment analysis, of course we're using trade the chain sentiment analysis links in the description We take a look at Bitcoin. I think it's what people know Because if we take a look at just the the one-day sentiment Everything in green here, of course is is positive or bullish and red we turn a little bearish And as the price has been kind of going up people get a little bearish just like wait, wait, wait But one from like forty thousand to fifty five fifty six thousand a very sure my time There should be a pullback coming and indeed there is and we take a look at the hourly sentiment Same type of thing if they could look over the the week long We're like, yeah as things start to go up they're like, I don't know about this and then off it goes So that is essentially what's going on with the market We're pretty much moving sideways as far as what is going on and it's just one of those Slazy Saturdays, although XRP up 8% watch out. That is great news. All right So that's what's the first part of the market data and let's just dig deep into a little bit more And what I like to see is just some analysis little on-chain stuff first thing though not on-chain per se, but Bitcoin logarithmic growth curves and this is just a great chart You can find this at look into bitcoin.com. I'll link at the very end and as you can see here I'm just take a look at this the the middle portion is kind of like obviously middle of the road top is where it's very bad and the lowest is at low points, but as we can see it's just Logarithmically everything is going up into a nice little crescendo into the end of 2022 and We can see that everything kind of follows along this little middle line point, right? but if we take a look here and we take a look at some of the peaks the peaks have happened just in the four-year cycle like we always talk about and This you know, we peaked above everything. This was in the big bull in 2013 Also, we had this peak right here in 2017 and look what we have over here if we kind of scroll in or zoom in We've got everything kind of like in the middle just like it was before But we haven't reached these peak marks and when does it usually come about right here And what is this really saying that we could be about a hundred forty seven hundred fifty thousand? I don't think it's gonna be that high I think somewhere around a hundred to a hundred fifty will be I'd be okay with that and that's just with this But the log where the growth curve says that on top of that We'll just take a look at the PyCycle top and I've been talking about this the last three days But remember there's been four times when it's happened First time was in 2013 also in 2013 happened This is when the in the yellow the 111 day moving average Goes on top of the 350 day moving average So we had it twice in 2013 once in 2017 and we actually had it happen just a little bit ago When we topped out around sixty five thousand dollars or so in April one thing I want you to make notice See where the 111 day moving average this yellow line right here. It starts as soon as it crosses It is kind of There's a divergence and it just opens up then it comes back together Then it opens up comes back together opens up comes back together and look at what we're doing now We're opening back up to where I think we start to go higher and higher and higher Until hopefully we reach those those good numbers and then lastly I'll just leave you with this and this is just a quick little chart My big thing is I'm not a chart person technical analysis person And I love when the comment section people like don't use technical analysis. You're not a TA guy Hey, I'm just trying to learn, you know, you got to improve yourself. I think right So I'm looking at this the thing that I always see is this RSI a relative strength index and it seems like every time We start to go above this 70 point. We got a big dip down, right? It doesn't happen all the time. It's just TA. It's a self-fulfilling prophecy. I think sometimes but again If what when we go above it down above it down down down down above it down down Then the same thing over here down down down and I think we see it over this way We had a big ups upswing. Whoops. Hold on Now you can see RSI. Sorry. Let me do that again. So over here down up Down up down and then over here. We're going all the way up and then what happens down and then we're slowly building up again So I believe we'll probably have the same pullback that we have Every every Sunday or Monday and my friend Alex Mascoli He told me he goes the easiest play I've been doing for the last 12 weeks Is I buy everything on Tuesday and I sell on a Saturday or a Sunday? Because our Saturday because that's like just clockwork and it's been working out pretty well for him anyhow So that's what we have as far as for the market data Let's jump into the three reasons for a little bullish momentum besides what we just took a look at so this was an article Brought to us by the friends of the show JPMorgan. Just kidding our friends of mine and it talks about institutional investors are Dumping gold for Bitcoin seen as a better inflation hedge and it states here There's three key drivers and I think this is the same thing we've been talking about on the show The first one is that the recent assurances by US poly makers policy makers there's no intention to follow China's steps and Banned the usage or mining of cryptocurrencies. We saw Jerome Powell We saw Gary Gensler from the SEC said the same exact things. We don't care Really about cryptocurrencies except for the stable coins because we want to build our CBDC of the digital dollar and we don't like those stable coins competing with the US dollar That's essentially what's going on just opinion now. I could be wrong Let me understand the comment section the second reason they say is The rise the recent rise of the lighting network and second layer payment solutions And then now the president of El Salvador claim that 3 million people or Salvadoran They're using the Bitcoin wallet Chibo and I was like, what are how much the lighting network has actually grown? Well, if you take a look at like nodes and this is from Bitcoin visuals This is Bitcoin visuals comm forward slash lightning is the nodes themselves have just pretty much grown over time And we have those people who are putting that much effort time and effort into building nodes or being part of the node and Bringing part of the light network things are moving in the right direction So it makes total sense and then lastly the third reason is the re-emergence of inflation concerns among investors And they're all freaked out because of inflation which that really drone power from the Fed said It's just gonna be a little bit and it's like oh, it's been sustained and then you know in six months He'd be like well, it's a little bit harder than we thought what are you gonna do? So we'll see what he says in the very end, but it wasn't going the way that he wants to then lastly It states the trend of funds Flowing out of gold and the Bitcoin has reemerged in recent weeks and may JP Morgan saw the opposite trend where funds float out of Bitcoin and the gold which I thought was odd and I'm gonna tell you why More than 10 billion has flowed out of gold ETFs When the same time period more than 20 billion has flowed into Bitcoin funds So I'm gonna challenge you just want to take a look at some price action Recently and over the last 10 years as far as the number one crypto Bitcoin as a as it compares the gold and before I go on Just so you know I own Bitcoin gold and silver. I have I have no animosity towards any of them I'm just here as an investor. So take a look at this. So this is the gold price Well, I did it was I just put it up and say I'm bringing here. Yeah, perfect I put it in as for the year and the year it's just all over the place, right? That's just the gold price. All right, maybe you got it at 1900 or maybe right now you bought it at 1760 not too bad But not the gains you were hoping for but again, you always think like me like that's just a hedge Well, let's take a look at I don't know two years. So in two years Not so great. So maybe it's a hedge But you're not making a lot of money off it and actually you're kind of losing money But again, just a hedge right then in five years. Oh, this is not looking good for me if I bought it down 1100 and Actually, no, excuse me. It's actually looking pretty good with me. So I bought 1100 and now it's over at 1700 But let's take a look at 10 years. So in 10 years again, is it a hedge? Whatever depends on when you bought it because in 2011 I get my body at 1700 bucks maybe and over here It's around 1730. So again, not the What I thought it might be as a store of value perhaps But if I'm trying to make money or anything like that, this is not the asset to do it I'm just that's just how it is and then what people say, but it's a head drop. It's a hedge But remember these dollars that you are saying like this is awesome. Just remember this The thing we just talked about as far as inflation. It's still 2% per year So in all honesty, you have to outperform The price of gold dramatically just to break even and you're not even doing that now then Let's take a look at Bitcoin. So here's the last year kind of the same thing of like we just saw with a gold little volatile Right. I mean look, we could have been down the dumps 63,000 here at the top and then down here 31,000 that's never good. Well, we are back to 54 55,000 So hey pretty nice day. Let's take it back. Let's go over two years Okay, now we're talking so over two years sweet Mary and Joseph I could have been I could have bought it anywhere around here and I would have massively in profit Okay, let's take it over five years. Let's see what we got again looking pretty Dutch darn good 9,000 maybe 20,000 I'd still be at least two three X Let's take it back to as far back as we can go. Well 480 for any bucks 379 or whatever else. So again, if anybody's out there and they're saying, you know what if you want to get rich You got a vest and gold Numbers don't support that if you want to say it as a hedge, I guess but in all honesty again You have to take into account for inflation. So That is the bullish news and this is why I think that we're going into November As far as like a tailwind I think we're gonna see some pretty good numbers Especially as money potentially flows out of Bitcoin and this advent of a potential Bitcoin ETF Which may be good or bad, but at least it'll cause a lot of buzz. Let me know what you think about that in the comments section Let's move on to our next piece. We talk about Google and backed first of all Backed we've been covering forever and backed was like one of those those comments I thought was gonna do really great because it is from the international Continental exchange or ice enter continental exchange, which is backed up by the New York stock exchange And I thought it'd be great and it's just been doing zip for the longest time But good news on the horizon. Here's what we got. So Google collaborates with backed I see digital asset platform backed announced Friday was partnered with Google to introduce digital assets to millions of consumers Well, this sounds good kind of but wait Back was launched in 2018 by ice the parent company of the New York stock exchange So you think wow, there's a lot of good money in there and they're gonna do great They just haven't done anything this app has been coming for the last ever and now it's just barely here Back to explain that users will be able to add their virtual backed debit card into Google pay To purchase everyday goods and services in store or wherever Google is accepted. Well, that sounds good Until you read the next sentence Crypto such as Bitcoin will be converted to fiat currency for these payments to occur Well, that's not so good because what we want the these payment processes to do is to keep it in the crypto They won't do that because it's way too volatile But at least it's a kind of a step in the right direction, but wait, there's good news on the horizon backed Selected Google cloud the company will make marketed solution powered by Google cloud to leading retailers Backed also plans to leverage Google Cloud's tools to build new analytics along with AI machine learning and geo location function Why is that important? I'm gonna tell you why it's important first of all I didn't realize that the backed app was actually out and you could do stuff with it But here it is you can download the app store or on the Google Play store. I downloaded my phone I've been playing around right now. I'll tell you how it works in a little bit But this is the cool stuff. So this is from the Mac store. You can send money You can pay a friend back instantly with backed send Bitcoin to pay them with cash Or gift cards a hundred plus for brands whether or not they are a backed user Whether or not they're a backed user or not you can pay with Bitcoin or cash use Bitcoin visa debit card to send Bitcoin or cash in store online anywhere Apple pays accepted and then you can track and this is I think is the big one Because what we just talked about with the cloud storage easily manage supportive rewards programs Side by side with your Bitcoin gift cards and cash and stay on top of all your money convert points from supportive rewards program So this right here is why I'm like that's a pretty good thing Now there's other other programs that does that do that storm x comes to light right now And the one we're gonna talk about in a second comes in the second comes in second second But in all honesty if we're taking a look at rewards, why wouldn't these companies get on board with this like Marriott? Chipotle, I guess chase Alaska Airlines ultra Delta Southwest Airlines any kind of hotel chain any kind of retailer because like oh We're gonna get you these rewards because you want to pay in crypto. We don't care what they do We're gonna transfer into fiat. That's fine Oh also on top of that. We've got another machine learning and artificial intelligence in geolocation We're gonna be able to track so many things that what these people buy and give this data to you again They're gonna take your data. They're gonna take your data They're gonna take your data. It's just the nature of the beast and these things these retailers are gonna be like I want that I don't care what it is. I'll take the crypto also convert it whatever else So this to me is positive. Unfortunately the data stealing not a great thing, but it is what it is So when we take a look at this it is bullish news all the way around But I think we are just a little bit more privy to the good information. So That is the conclusion of that one and then also what when I think about rewards programs and things like that the thing that I always think about a storm x because first of all I'm biased and I have a lot of storm x and Second of all I use it, but then also there is another option back to storm x and There's a token That is integrated with Amazon eBay and Walmart crazy, right and it is called shopping IO I just dropped a video on this on Dan clips Which is where we do the advancements and digital assets and stuff like that and I just went over a mini deep dive and You can watch it. It's live right now. There was it was not a promotional video Promotions are stuff like in the top left hand corner for I trust capital, but I just do affiliate links these days But anyhow this shopping.io. They only have it's pretty crazy. They only have a million tokens They they're all-time high was around $300 now It's at $50 and they have integration with all three of these companies So if you want to check those out, you can do so. There's the video. I'll link at the very end It's investment opinion on investment advice Looks interesting and that's it. So look a lot of things going on I think just like I thought and a lot of people thought I thought October was gonna be great I thought September is gonna suck. She did October is gonna be good I think November is gonna be better and I think December is gonna be fireworks It's all gonna be good compared to what we've gone through. So that is it for today So look if you stuck with me all the way the end. Thanks. I appreciate it also If you liked this video give it a thumbs up helps with the algorithm on stuff consider subscribing We talk about these things every single day as far as what's going on the market There's so many things going on but that is it. Thanks so much. I appreciate it I'll see you on the next one