 Welcome to the rich TV live podcast. We are bowling and Bali and we are watching the markets and going to let you know what is poppin today. So right off the bat OTRK on fire up 200% one of the big movers and shakers of the day one of the hottest stocks of the day OTRK currently 197%. So put it on your radar put on your watches. You can see what it did pre-market did this move here pre-market and Then continued higher because day traders are starving for picks because they're starving for picks They will chase one or two picks every day that will most likely go higher than what they did pre-market We've been watching this trend and this is f us n and there's that big move pre-market that open gap But nothing much since so we'll watch it closely at $21. Here's Rx up 75% you can see what it did pre-market, but then it's continued higher. So this is very bullish Be aware of W or X making a big move now After that pre-market surge they have continued higher So this is what a lot of day traders are choosing to trade you can see this is all the buying that has come in here But the question is where does it go from here? It looks like right now on this candle. Let's start to come down Here's ENVB. There's the pre-market move and it did go up initially creating a little bit of a Maybe a buying spree and then immediately a sell-off and it's continued to struggle and consolidate since then So we'll keep our eye on ENVB. How about Zed? Ar there's the pre-market gap up and then the surge, but as you could see it went even Higher and then it's come down So you don't want to get trapped up here when you're trading you want to be buying low selling high That's why we use our indicators. One of my favorite indicators is the RSI You could see this is trading in more of a sell zone than a high zone RSI Medium zone is 50. It's sitting at 58. So always good to know where in the zone you're trading All right, the Dow Jones has opened up slightly green so far Amazon slightly green And we like Amazon here and we love to pick up Amazon and when it's dipping it's it's been doing well So I think any dip on Amazon is always going to be a good investment s and p 500 slightly red today Google read today The nasdaq read today uber read today ger n one that we watched have a big move. They're read today Meta Struggling with that $500 mark, but I mean look they've gone up a ton Tesla continues to get beat up at $168 right now. I think this will be a good zone Good buy zone for investors for tesla navidia struggling with that $900 zone So a lot of these stocks starting to pull back from really from 52 week highs Some of them all-time highs palantir Coming down after the ceo made some very shocking statements amd Here's amd They are pulling back from that 200 older mark gbtc the grayscale bitcoin trust That gap down as you could see bitcoin pulling back and bringing back all bitcoin related assets with it So big run up and now people are taking profits ibit The bitcoin etf starting to give back gains But this will be a great opportunity for buyers that want to get in cheaper. Here's wood They had a nice run up. They're starting to give back some gains and then here's bitcoin So overall when we look at the all-time move on bitcoin here, it's struggling with Maintaining all-time highs as any asset would so I believe we're going to struggle have volatility and I think it's going to be like this and we may have some more moves Because of the bitcoin having coming up in 30 days. So these next two weeks I think we could see this volatility As we create a floor here at 60,000 to 70,000 and then once we create a new floor here at 60 70,000 There's really no selling Above that price other than anyone who got in over the last couple weeks so I think we go higher and at some point we go parabolic Now it's either going to happen in the next 30 to 60 days or it's going to happen when The fall comes where I anticipate between september and december bitcoin goes parabolic based on historical patterns So we still have a lot to look forward to with bitcoin. It's done a really nice surge on buying from the etfs We haven't even done the bitcoin having it and bitcoin is starting to create a floor trading higher That it's ever traded in its history Leading into the bitcoin having and then when the bitcoin having happens. That's when the mining difficulty will be Even more difficult and the amount of bitcoin that they can mine will be cut in half Which has typically taken bitcoin to new highs new all-time highs and we've already seen bitcoin hit new all-time highs before the habit Which is extremely bullish price action now the question is will bitcoin be able to maintain these higher levels Or will they go lower back to lower levels? Because we've been on an epic bull market and based on historical patterns We're both 34 through the bull market So we still have a long way to go Based on historical patterns now things can change We're in a very crazy global market and economic situation all over the world so Things can change But I think when you look at all the assets in the world bitcoin is already proven To be one of the best assets if not the best asset for any investors on the planet As it has rallied from 15,000 two years ago To where it trades today at 63,000 and was trading at 73,000 at all-time highs Just a few days ago So the question is do we go back to all-time highs? I believe we do When that's a whole other question that's going to be difficult because based on historical patterns bitcoin typically has a prehaving retrace right now So that's already started You can see that big dip So the question is How long does this retrace last? So that's the million dollar question. So we were at 73. We've come back down to 63 mark Okay Now the question is how long do we stay here? Before the next leg up because the next leg up will take us to astronomical levels maybe to that a hundred thousand dollar Magic number that's been talked about for so many years that many said would never happen But now looks like it's closer to ever to happening Because this pullback is very natural because every single major move Has pullbacks and the reality is in this big bitcoin move We're only in the second year not even halfway through the bull market. We're only 34 through the bull market. We still have nine months this year We've only been We're in the third month. We have nine months left this year of this bull market And then we have all the next year for the bull market. So We still have a long way to go now There's going to be retraces. There's going to be pullbacks Nothing just goes up straight So now is the time I think for the next two weeks for it to pull back For the next leg up, which I say and I predicting is going to take us to parabolic levels Never seen never ever seen before So the question is how low does a retrace typically it's retraced between 20 to 40 percent And we can see that so far it's already retraced from 73,000 Down to the 63,000 mark Which is about let's say 15 percent It's retraced about 15 percent. So I still think we have you know, we could get this back down to 50 You know, I wouldn't be so surprised to see this back down to 50 anything's possible right now But I think it's very natural in a three day a three year bull market For any asset that's been going up like bitcoin has where it's having these god candles to have a retrace Has to do that for the rsi to take a breather because look where the rsi sitting the rsi sitting in a cell zone So every trader knows this is very expensive when you go to the bitcoin fear and greed index It's been sitting on greed and 92 out of 100 percent. So at some point it had to pull back We're all time highs it has to pull back. So a lot of investors know that they're selling at this point That's where all that selling pressure is coming from Eventually that selling pressure is going to stop when that selling pressure stops All these greedy people that want all the bitcoin all the bitcoin ETFs That's going to bring the price back up just like we've had this price action right now It's a race to see who can get the most bitcoin That's what it is And everybody wants to get a cheap So it's going to go up and it's going to go down That's why as an investor if you're invested in bitcoin or bitcoin related stocks You have to be willing once in a while to take profits. So when you're up, you know When it comes back down buy it again when it goes back up sell it take profits when it comes back down buy it again You got to get in a habit of learning that it's extremely volatile And if you can learn how to take advantage of these patterns, you can make life changing money There's no doubt about it. You can make life changing money and a lot of people have A lot of millionaires are being minted in bitcoin and crypto and its stocks Mainly because they're following the trend of bitcoin, which has clearly been going up We have it marked here from 15 000 in december of 2022 to now 63 000 in march of 2024 So that's not that long ago where we were at 15 000 and now we're up 300 percent From those levels So that has been a phenomenal run for bitcoin 350 run we got to 73 000 That was an epic run A very very epic run 350 run So it's going to have some pullbacks. You can even see here. We had some pullbacks last year We had pullbacks in may July and august Every other month last year was green and so far this year every month has been green Every single month including march where we've had this pullback this month has been green But it was a huge candle and it's come back down But previous month in february, we had a massive god candle one of the biggest candles bitcoin has ever had in its history Where bitcoin went from 42 000 all the way to 61 000 went up 19 000 in one month. It's an unbelievable run So we've been following and tracing all the top cryptos cardano also having a pullback This is the time in my opinion to start thinking of a buying Ethereum had a nice pullback you want to get into ethereum Maybe now's your time coinbase after a huge run. They're starting to pull back You want to get in coinbase? Maybe now's the time to think about a selenna They had a pullback to almost 200. I think they hit 200. Look, we had it marked. They broke 200 They've had a nice pullback back to 1881. It was at 170 earlier, right? So it's kind of fighting back. It's it's way ETHG here's the ethereum etf. They're having their pullback So everyone's having their pullback All at the same time so un ai play. I told you it was going to go to 10 bucks and hit 10 bucks pull back It's been doing extremely well We've been focusing on them as an ai play definitely want to watch if you want to play ai stocks Here's a crypto that I think has some huge potential and a massive gap to fill And one that a lot of people I know are buying I personally don't love it because it has billions of coins But it's definitely one to watch here's light coin at any point anytime light coin can make a move I mean, they haven't really done anything in a long time Doge has made a nice little move. They've pulled back So a lot of these assets that have done extremely well that are related to bitcoin have pulled back with bitcoin So if bitcoin pulls back those assets will most likely pull back as well If bitcoin rips those assets will rip too That's how you got to learn how to play bitcoin You could technically be shorting all of these assets and that's probably what a lot of people are doing right now But at the same time if you get caught shorting bitcoin and it starts making one of these parabolic moves You can get stuck losing all of your money So it's a very dangerous proposition to try to short bitcoin Okay, so once again ot rk the biggest mover of the day currently up 166 percent See if I can find anything else that's really big and moving f usn up 98 percent See if there's anything else on my radar here Okay, w o r x up 70 percent right now Env b up 30 percent Z c a r up 9 percent Let me add a new one here. That's on my radar. Let's see here. It's moving s p i r Spire global Spire global up 37 percent Nice move here s p i r Chart looks pretty bullish So there's the pre-market gap up that move and then a little bit of a pullback All right Let's see if there's anything else on my radar that I want to look at here. Let's see here Let's take a look at h o t h well ot h hot therapeutics Okay, so Biggest movers of the day ot rk up 155 percent f usn up 97 percent w o r x up 80 percent sp i r up 36 percent En ev up 30 percent and h ot h up 25 percent Almost everything else that we've been talking about that's bitcoin related is red And that's because bitcoin is red and everything that is following the mothership bitcoin is dropping with bitcoin Now is this a reason to panic in bitcoin? I don't believe so. I believe this is just a normal pre-market pullback Which it typically does After a pre-market rally a pre having a pre bitcoin having rally which we just had a nice one Magical one with bitcoin going to all-time highs now. We're having a very historical pre-market pre having retrace Which typically brings bitcoin down 20 to 40 percent and in this situation now bitcoin is down About 15 percent So we see bitcoin down 15 percent so historically we could see another 5 percent Maybe another 25 percent retrace here on bitcoin based on what it's done, but then it's always recovered had a pre having Reaccumulation phase and a post having Reaccumulation phase where everyone starts to buy and sell and creates a lot of volatility people that don't believe in it We'll get out of it And then it's going to really explode Going into the fall typically starting in september and then really going crazy in october november That's what I think we're going to see with bitcoin. That's where I think we're going to see bitcoin go parabolic and go past 100 000 us per bitcoin And another issue that I see here on this chart is that bitcoin is trading right now On the weekly chart on the rsi at 73 and that is very very much a cell zone for bitcoin So it's very difficult for bitcoin to maintain this position on the chart because of the fact that they're trading at a cell point on everybody's rsi Indicators everyone who's a trader that is watching the rsi, which is the majority of traders because it's one of the most common and best Indicators for traders can see that bitcoin is trading in a cell zone Bitcoin is literally trading in a cell zone Very difficult to want to buy bitcoin right now trading in a cell zone but People are doing it and they're going to continue to do it So right now it's a battle to see if the buyers are going to be stronger than the sellers Will the bulls be stronger than the bears? But the problem is even the bulls that are smart traders are watching this and they can see that the rsi is very much exhausted And it was even higher at 87 when he hit all-time highs so when you see this You have to kind of know that we're Playing on thin ice up here, you know, like the rsi was a really high level at 88 which is a huge indicator of a cell zone for traders and currently sitting at 73 on the weekly chart which says that It has to come down at some point here So it's going to be very interesting to see if we can hold this zone Or are we going to rip right down? from here Because the rsi is saying that we have a long way to go down If you watch the rsi here You can see that the rsi has a long way to want to get back into a bison so It's going to be very interesting to see what bitcoin does from here But like I said historically it does a 20 to 40 percent retrace right now. We've done about a 15 percent retrace so I think We could see it go down to 61 Maybe even as low as 51 I think if we got the 51 That would be a 28 drop So if we got down to 51,000 That would be a 28 drop for bitcoin and remember it's gone back as much as 40 percent So far it's been down 15 percent and historically we've had two bitcoin halvings previously and those bitcoin halvings Took it down 20 percent and 40 percent and right now we're down 15 percent And if we got down to 51,000 that would be 28.95 almost 29 percent So we're in for a bumpy ride here Over the next 30 days and but don't worry. We'll be here every step of the way right now We are trading in thailand and we were balling in bali and uh, yeah, I gotta change the title here I have Balling a bali. That's wrong. We are no longer in bali We are trading In thailand. We're back in thailand We're no longer in bali Have to change our title we're trading in thailand and We will keep you updated on everything that's happening in the market. It's been a historic and epic ride for bitcoin and bitcoin related assets We're gonna keep watching everything that is hot and everything that's happening in the market And we appreciate We really appreciate Everyone and all your support and if you like these videos, please smash the like button Comment down below share the video everywhere and subscribe and remember that rich tv live is not for Is strictly for information and education purposes Please do your own due diligence and do your own research Before you invest in anything we talk about or discuss on the rich tv live podcast Past performance is not always an indication of future results and we are not financial advisors Okay, so i'm an investor just like you guys i'm a holder and an investor in bitcoin Obviously, I wanted to go up But these pullbacks are very very normal They're natural after all these green weeks We have to have a few green red Green weeks a red weeks. We have to have some pullbacks along the way This is very natural for bitcoins progression For its move up Can't just go up forever because if it goes up too too fast It'll come down very fast like it has previously What we need is we need it to grow kind of like a staircase and there's going to be some pullbacks but It's also going to keep moving up if we do it properly If it's too quick and too much of a shock on the price Then it's going to come down too quickly Because everyone's going to panic and sell And that's exactly what the high net worth investors the institutions want you to do They want you to sell your bitcoin at these levels to make you think that bitcoin is not going to go higher And then when you sell your bitcoin at these levels, it will go higher And then it'll be insurmountable for you to buy bitcoin That's what's going to happen just like real estate It's become insurmountable for you to buy real estate It'll become eventually insurmountable for you to buy bitcoin because the price will just go so high All the institutions are just going to continue to buy it every single day So every single day it's going to be a shock on the price We're going to have the bitcoin having there won't be enough bitcoin for everyone to fight for And that's going to take the price higher it's simple supply and demand And there's no way that the price of bitcoin over time will not continue to go higher Based on its structure and tokenomics Okay, ot rk up 130 of the day f usn look at that candle 97 of the day w o r x 105 of the day sp i r 32 of the day envb 31 of the day h ot h 17 on the day And then we get not too much green g er n of five percent amazon Slightly green dow jones holding green but the s and p 500 is red Google is slightly red today Nasdaq is red today uber in the red today These are all big players that have had huge years They're all red today meta is in the red today Tesla is in the red today I like tesla these prices the video is in the red today Palantir ai play in the red s o u n ai play in the red amd ai and chip maker in the red g v t c bitcoin trust Pull back with bitcoin i b i t pull back with bitcoin hood pull back with bitcoin and bitcoin big pull back seven percent on the day cardano big pull back seven percent ethereum seven percent e t h e e t f up Down six percent big pull back for them too And ripple big pull back of eight percent coin base Big drop and pull back of eight percent Salana big drop in of eight percent And doge big drop of 12 percent so all of those assets following bitcoin and down big All right. Thank you for watching the rich dvlight podcast trading in thailand I'm your host of the most your boy rich or rich tv If you're not winning like i said, you're probably not watching bringing the winners Co interviews breaking news trending topics and we bring it to you first We appreciate you guys being here And we will keep you updated on everything as it happens while we're trading in thailand and we'll be back In canada in vancouver soon So we'll keep you updated on everything that's happening in the world of stocks cryptos breaking news sports You name it. We'll be here your boy rich from rich tv in thailand. I'm out. Peace